News linked to both this project and an event.
According to Caixin Online, the National Development and Reform Commission has released the Draft Revised Measures for the Administration of Outbound Investment for public consultation, with the period running from August 21 to September 20, 2026. The draft expands the investor scope from enterprises to include domestic enterprises, other organizations, and resident individuals, and clarifies that re-investment overseas by investors also falls under outbound investment. Under the regulatory framework for outbound investment, concerning the classification of investments, division of regulatory responsibilities, and procedures and deadlines for approval and filing, investors must obtain approval documents or filing notices prior to implementing outbound investments. For resident individuals newly included as investors, the approving authority is the National Development and Reform Commission, while the filing authority is the provincial development and reform department at their place of household registration or habitual residence. The draft introduces new systems for an annual report on outbound investment information and a report on preliminary work progress. Investors are required to submit the annual report on outbound investment information via an online system by March 31 each year, thereby notifying the development and reform authorities of their outbound investment details as of the end of the preceding year.
According to Chaoxiang Research, Goldman Sachs' fourth annual report in its CHIPS Act series, released on August 24, indicates that by June 2026, China's semiconductor IC self-sufficiency rate will reach 70%, nearly double the 38% recorded in January 2010. Goldman Sachs has raised its forecast for China's semiconductor capital expenditure to $82 billion in 2030, up 79% from previous estimates. The report covers CXMT, China's leading DRAM manufacturer, for the first time, assigning a Buy rating with a target price of ¥129. Goldman Sachs projects that the supply-demand gap for China's advanced logic processes at 7nm and below will narrow from 92% in 2025 to 34% by 2035, while wafer demand for AI servers will grow at a CAGR of 42% over the same period. Under the baseline scenario, China's AI chip market is projected to reach $678 billion by 2030, representing a CAGR of 69% from 2025 to 2030; the DRAM market will reach $257 billion by 2028, growing at a 50% CAGR, with HBM expanding at an 188% CAGR. China's WFE spending will increase by 13%, 20%, and 15% in 2026, 2027, and 2028, respectively. The revenue share of domestic equipment manufacturers in China's WFE market will rise from 31% to 38%. Despite the rising localization rate, global equipment suppliers remain key beneficiaries of China's capacity expansion in advanced processes. Goldman Sachs recommends Applied Materials, Lam Research, and Onto Innovation.
Odaily News: Ethereum client Besu has fixed 5 security vulnerabilities discovered by blockchain security firm CertiK in version 26.7.1 released on July 27, and published 4 detailed security advisories on August 14. Vulnerability details were disclosed after a delay to allow node operators to complete upgrade deployments.Jialiang Chang, Director of Security Engineering and Senior Audit Partner at CertiK, stated that the arrangement of releasing patches first and details later provided an 18-day buffer period, allowing node operators to identify affected deployments, test new versions, and coordinate with validators or consortium participants to complete upgrades.The vulnerabilities involve block broadcast handling, caching of future-height consensus proposals, WebSocket subscription limits, and JSON-RPC filter creation. If left unpatched, attackers could exhaust node memory or thread resources, impacting node availability and consensus processing.Using the Chain Scan methodology, CertiK conducted adversarial testing on peer-to-peer, HTTP RPC, WebSocket RPC, and consensus interfaces in a private multi-node test network, and provided reproducible testing tools to the Besu team. CertiK is updating Chain Scan to expand round-the-clock multi-node testing on public chain networks. (Bitcoin.com News)
Bitget launches a Crypto vs. Stock Futures Trading Competition, running from August 24 to August 31. During the event, users who reach specified thresholds with their cumulative crypto and stock futures trading volumes will earn lucky draw entries, with a maximum prize of 100 USDT per draw. Additionally, users can separately participate in trading tasks for either the crypto or stock futures track. The two tracks are calculated independently, with a maximum reward of 500 USDT per track. Users ranking in the top 10 based on total cumulative trading volume will receive ranking prizes, with the champion exclusively winning 1,000 USDT. For more details, please refer to the Bitget official platform.
Alibaba Cloud's video generation model Wan3.0 officially launched today, capable of generating 30-second videos in a single run and for the first time supporting input from document formats such as doc, xls, ppt, pdf, and md. Since the public beta began over ten days ago, the model has continuously evolved in areas including instruction following, cross-shot consistency, audio quality, and video editing. For API pricing, 480P, 720P, and 1080P are priced at 0.3 yuan/second, 0.6 yuan/second, and 1.2 yuan/second, respectively, with a limited-time 30% discount from August 24 to September 23.
Binance Alpha will list TermMax (TMX) on August 25. After trading opens, eligible users may visit the Alpha events page to claim the airdrop using their Binance Alpha points. Further details will be announced separately.
According to Cryptoslate, Pakistan’s Virtual Asset Regulatory Authority (PVARA) has required cryptocurrency exchanges and related service providers already operating locally to enter a new licensing process by September 5, or otherwise cease related business operations. PVARA had previously opened the virtual asset service provider licensing application portal and issued the Virtual Asset Service Regulatory Rules on August 22. Under the regulations, service providers already conducting cryptocurrency business in Pakistan must submit an application for a "No Objection Certificate" (NOC). During the review period, they may continue to provide existing services as long as a complete application is submitted on time. Companies that fail to submit an application by September 5 must halt all regulated services; continuing operations will be considered non-compliant. PVARA clarified that this policy does not constitute a blanket ban on cryptocurrencies, but rather establishes a "comply or exit" regulatory framework applicable to exchanges, custodians, and other entities providing virtual asset services to users in Pakistan.
Odaily News: Ray Dalio, founder of Bridgewater Associates, stated that the US debt could reach $55 trillion to $60 trillion over the next 10 years. If the fiscal path remains unchanged, a full-blown debt crisis could occur within about 3 years, with a margin of error of plus or minus 2 years.Ray Dalio recommends investors allocate 10% to 15% of their funds to gold, along with a small allocation to Bitcoin, while reducing exposure to debt assets such as bonds. He noted that non-government-issued currencies like gold and Bitcoin may perform relatively well.According to data from the US Treasury Department, as of the end of the business day on August 18, the total public debt balance stood at $40.05 trillion, surpassing $40 trillion for the first time.On August 19, the US Treasury announced an expansion of its long-term liquidity support repurchase program, increasing the maximum single repurchase size for certain 10-year to 30-year securities from $2 billion to at least $4 billion. The measures take effect from September 9 to November 4. (Bitcoin.com News)
Odaily News, according to the official announcement, Gate will list DGrid AI (DGAI) for spot trading at 16:00 (UTC+8) on August 24, and will list DGrid AI (DGAI) on its instant swap platform at 17:00 (UTC+8).
Odaily News - CryptoQuant analyst Darkfost stated on the X platform that the altcoin market has recently shown clear signs of recovery, with market structure undergoing changes, and "Altseason" may have entered its early stages. Data shows that from August 19 to 22, the total market cap of altcoins increased by approximately $215 billion, surging over 24% in just 3 days, pushing the total altcoin market cap back above $1 trillion.Darkfost pointed out that mid- and small-cap altcoins have performed the strongest in this rally. Due to their lower circulating market caps, these assets are more sensitive to capital inflows, while also carrying higher two-way volatility risks.Data from the Binance platform further reinforces the signals of an altcoin market recovery. Since last November, approximately 80% to 85% of altcoins have remained below the 200-day moving average (200-DMA), but currently 56% of Binance-listed altcoins have climbed back above this key technical indicator, suggesting the market may be entering a new cyclical phase.Darkfost believes this trend reversal is linked to a series of positive cryptocurrency signals recently released by Trump. On August 19, Trump stated that the U.S. would "massively purchase Bitcoin" and urged Congress to push through the CLARITY Act, while claiming his administration had ended previous unfriendly policies toward the crypto industry. These remarks boosted market sentiment, and against a backdrop of low trading volume and reduced selling pressure, substantial capital began flowing into the altcoin market, driving gains across multiple sectors simultaneously.Darkfost noted that from a historical perspective, the current broad-based altcoin rally is typically viewed as an important signal of the early stage of altseason. However, he also cautioned that the market has entered overbought territory in the short term, and investors should be wary of periodic pullbacks. If the overall upward momentum continues, new investment opportunities may still emerge down the road.
Monitoring by PPP Prediction Market Tool shows that on Polymarket, the probability of "Trump picking Margo Martin as the next White House press secretary" briefly rose to 15% before falling back to 9%, up 5% over 24 hours.When asked this week at Joint Base Andrews in Maryland about who would succeed White House press secretary Leavitt, Trump suddenly asked reporters: "What about Margo, what do you all think of her?" He also jokingly turned the question back to the reporters on site, saying, "I don't know (who it will be), maybe it's you."Karoline Leavitt will leave office at the end of August, making "who will succeed Leavitt" a recent focus of U.S. media attention. Margo Martin currently serves as Special Assistant to the President and Communications Advisor, primarily responsible for sharing information about presidential activities via social media.Join the PPP Signal Push Community to stay one step ahead and seize the initiative.
According to the Upbit announcement, Upbit will add trading support for Interfold (FOLD), opening KRW, BTC, and USDT markets, and support deposits and withdrawals on the Ethereum network. FOLD deposit and withdrawal services are expected to open within 2 hours after the announcement, with trading expected to begin on August 23 at 12:30.
Odaily News According to the official announcement, Gate will launch Bitway (BTW) spot trading on August 24 at 15:00 (UTC+8), and will list Bitway (BTW) on the FlashSwap platform at 16:00 (UTC+8). The 342nd Bitway (BTW) HODLer Airdrop event is now open and will end on August 24 at 14:00 (UTC+8). Users holding 1 GT can participate for free to claim the airdrop and share 62,743 BTW. The HODLer Airdrop VIP user benefits have been fully upgraded, with participation limits lifted to an unlimited amount for top-tier users.
Odaily News: Upbit stated that on August 22, it detected a suspected security issue on the SAND network, which could lead to wider price fluctuations, and reminded users to trade with caution. Bithumb has also issued a similar risk alert. Currently, SAND spot trading on both exchanges remains operational.
Odaily News: Solana Company (HSDT) has announced its voting stance on the first three Solana Governance Proposals (SGP): supporting the passage of SGP-0001 "Solana Constitution," opposing SGP-0002, which would double the rate of inflation reduction, and opposing SGP-0003, which would change transaction fees from fixed to floating. On-chain voting is expected to begin on August 22.Solana Company stated that it supports the Solana Constitution because the new governance system allows every staker to vote directly, and token holders can always override the votes of the operators they delegate to, which helps institutions participate in network decision-making. Regarding the other two proposals, the company noted that it opposes their current timing, not the direction of the adjustments. The company stated that at a time when institutions are considering entering Solana, they place greater importance on rule stability and predictability. Adjusting core economic parameters such as inflation rates and fees at this stage could make institutions still on the sidelines more hesitant. The company said it would support revisiting discussions on reducing inflation once SOL sees sustained net capital inflows, and would also be willing to reconsider switching to floating fees once the ecosystem has fully adapted. (WSJ)
Odaily News, Blockworks analyst Shaunda Devens stated on the X platform that Kraken may be testing Hyperliquid's HIP-3 (Builder-Deployed Perpetuals) new compliant deployment feature, potentially becoming one of the first centralized exchanges to explore this mechanism. BlockworksData shows that a deployer named "Kraken HIP-3 test DEX" has enabled permission management functionality (Star gating) on the Hyperliquid testnet and went live for testing on August 19. Currently, this test DEX has completed whitelist settings for 10 wallets, tested 3 of the 5 compliance control features, and registered a "Kraken Exchange Validator."Shaunda Devens noted that Hyperliquid has been continuously adding testnet features to support regulatory-compliant HIP-3 deployments, including whitelist management, canceling user orders, closing positions via reduce-only orders, and moving collateral. These capabilities are similar to the risk control mechanisms required by traditional financial institutions' compliant trading platforms.Although this is still in the testing phase, and any user could deploy a test DEX with a similar name, making it impossible to confirm it definitively belongs to Kraken, combined with Hyperliquid's recent expansion of xStocks functionality and Kraken's parent company Payward's involvement in related business initiatives, analysts believe Kraken may be testing HyperCore's new infrastructure targeting institutional and compliant markets.HIP-3 is a third-party deployed perpetual contract market framework introduced by Hyperliquid, allowing eligible developers to create independent perpetual trading markets on HyperCore's order book infrastructure. It is considered a key upgrade direction for Hyperliquid to expand into traditional assets and institutional trading scenarios. If large compliant exchanges like Kraken enter the HIP-3 ecosystem, it could further drive the integration of on-chain derivatives markets with traditional financial trading systems.
: Galaxy's Head of Research posted on X, stating that on August 18, the U.S. Securities and Exchange Commission proposed the "Regulation Crypto Assets," abbreviated as Reg Crypto. The proposal aims to establish a legal pathway for certain tokens to be offered to the U.S. public and to set up a mechanism for terminating investment contracts. Its applicability is limited to crypto assets that are not themselves securities but were previously issued or sold as part of an investment contract; tokenized stocks, bonds, and arrangements bundling tokens with equity or other securities are not covered by the framework.The proposal sets out four stages: offering, disclosure, build-out, and exit. A one-time startup exemption allows issuers to raise up to $5 million over a maximum of four years; a higher-threshold exemption modeled on Regulation A permits raising $20 million or $75 million within 12 months. Such offerings must pass SEC qualification review and involve ongoing disclosure, with non-accredited investors capped at 10% of the higher of their annual income or net worth. Issuers are also required to disclose token supply and unlock schedules, minting and burning mechanisms, governance and smart contract permissions, source code, as well as project construction commitments and progress.Once an issuer completes or permanently ceases the relevant build-out obligations, makes no new construction commitments, and submits a transition report, the related investment contract will be deemed terminated, and the crypto asset will no longer be subject to securities laws under that investment contract. Issuers that did not use the above offering exemptions may also use this safe harbor. The SEC estimates that approximately 475 issuers per year would use the investment contract safe harbor, and about 130 issuers would use the two new exemptions. Offerings that qualify would not be considered restricted securities and could be resold immediately without contractual restrictions.The proposal also excludes covered initial offerings and certain secondary transactions from state registration and qualification requirements, but it does not address exchanges, brokers, dealers, or custody, nor is it a standalone innovative exemption for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. SEC Chairman Paul Atkins and Commissioners Hester Peirce and Mark Uyeda all issued statements of support. The article was written by Alex Thorn.
Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)
According to an official announcement, Huobi HTX has listed perpetual contracts for ANET/USDT, PURR/USDT, and BOME/USDT on August 21, supporting 1x to 20x leverage for long and short positions. Additionally, from today until 15:00 (UTC+8) on August 25, Huobi HTX is launching a New Coin Futures Trading Contest. Users who complete registration, trade futures for the participating coins, and meet the specified thresholds will have the opportunity to share a total prize pool of 1 billion $HTX tokens.
QCP reported that Bitcoin's rise is linked to declining US long-term Treasury yields and a weakening US dollar, following the US Treasury's announcement to expand the scale of its long-term Treasury liquidity support repurchase agreements starting September 9. Markets will now focus on the US July PCE data on August 26, the Jackson Hole Global Central Bank Symposium from August 27 to 29, and the Federal Reserve's policy meeting on September 15–16. QCP believes that the key factor for the current cryptocurrency market is whether spot demand can sustain itself following initial position adjustments, particularly amid the backdrop of rising leverage.