News linked to both this project and an event.
Odaily News - Investment manager Lawrence Lepard, author of The Big Print, stated that even if the CLARITY Act (Digital Asset Market Clarity Act) passes the Senate with 60 votes, stablecoin demand will not be sufficient to improve the current state of the U.S. Treasury market.He noted that the current stablecoin market cap stands at approximately $255 billion, primarily backed by U.S. Treasuries purchased by Circle and Tether, down from $263 billion in January. The U.S. Treasury needs to roll over more than $8 trillion in debt annually, with stablecoins covering only about 3% of that amount.In 2025, the share of U.S. debt held by foreign entities has dropped to 32%, down from 57% after the financial crisis. Coinbase Chief Policy Officer Faryar Shirzad stated that dollar-backed stablecoins could convert overseas demand for digital dollars into demand for U.S. Treasuries. (Bitcoin.com News)
Renowned gold bull and economist Peter Schiff posted on social media to refute Bitcoin advocates' strategy of bundling artificial intelligence (AI) with Bitcoin for speculative trading, bluntly stating that AI poses a threat to Bitcoin rather than offering any benefits. Schiff pointed out that AI and Bitcoin compete directly for speculative capital, electricity, and data center resources. More critically, AI could uncover vulnerabilities in Bitcoin's code, cryptographic algorithms, wallets, or network that remain undetected by humans, thereby undermining the foundations of its security and scarcity.
In its published analysis, BIT notes that Bitcoin is experiencing its strongest rally since the collapses of Silicon Valley Bank and Signature Bank in March 2023. During that period, US authorities implemented emergency measures to stabilize the banking system, and the current market sentiment mirrors that era—the recent interventions by the US Treasury in the Japanese yen FX market and bond markets have heightened investor expectations for further macroeconomic policy support. Meanwhile, the SEC's proposed regulatory framework for crypto assets has sent increasingly favorable signals, further bolstering market sentiment. BIT's official Chinese-language analysis indicates that Bitcoin has regained its upward momentum, aligning closely with the scenarios discussed in research over the past several weeks.
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 - 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.
Odaily News: The Bank Policy Institute (BPI), an organization representing major banks including JPMorgan, Bank of America, Wells Fargo, and Citi, has proposed that the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) expand Customer Identification Program (CIP) requirements to stablecoin secondary markets, covering exchanges and other platforms that establish direct account relationships with retail customers.BPI stated that relevant exchanges and platforms handle a substantial volume of purchasing and selling activity within the payment stablecoin ecosystem, and that the majority of stablecoin-related illicit activity occurs in this space. Should the proposal be incorporated into the rules, affected platforms would be required to collect customer information under the Bank Secrecy Act, and decentralized exchanges could also fall within the regulatory scope.FinCEN's proposed rule notes that secondary market transactions of stablecoins on the blockchain typically involve anonymous or pseudonymous identities, with no centralized node collecting identity information, and that issuers have limited ability to gather customer data from secondary markets. BPI has also joined other banking organizations in opposing the current version of the Digital Asset Market Clarity Act. (Bitcoin.com News)
Odaily News: The latest financial disclosure from Michigan Democratic Congresswoman Rashida Tlaib shows that her retirement accounts hold Bitcoin and Ethereum-related ETFs, including up to $15,000 in the Grayscale Ethereum Staking Mini ETF, as well as up to $15,000 in the iShares Bitcoin ETF.Tlaib previously voted against the CLARITY Act, which supports cryptocurrency market structure legislation, and supported a resolution aimed at prohibiting so-called "crypto corruption." In addition to crypto asset-related ETFs, Tlaib's investments also include European and Asian market funds, international bond funds, and funds used to hedge against dollar risk. Her assets are distributed across accounts such as traditional IRAs, Roth IRAs, and college savings accounts. (New York Post)
Odaily News ECX plans to launch in three phases. The Alpha phase will go live around Bitcoin block height 963,648, the Beta phase is expected on September 20 at block height 967,680, and the permanent mainnet is scheduled to launch on October 31 at block height 973,728. The project is driven by Paul Sztorc, founder and lead of Layertwo Labs, and developer of Drivechains and BIP-300/301.ECX will replicate the transaction ledger of a designated Bitcoin snapshot and allocate ECX to the majority of Bitcoin holders on a 1:1 basis on the new network. Users who control their private keys via self-custody wallets at the time of the snapshot can directly claim the corresponding assets, while users on exchanges and other custodian platforms will need to wait for those platforms to decide whether to support the fork and ECX distribution. Original BTC will not be exchanged, locked, or transferred.ECX plans to initially launch seven dedicated sidechains: Thunder, Zside, Bitnames, Bitassets, Photon, Truthcoin, and Coinshift. Of the approximately 1.1 million early Bitcoin associated with addresses linked to Satoshi Nakamoto, around 600,000 ECX will continue to be allocated to these addresses, while approximately 500,000 ECX will be transferred via special transactions as funding for early investors and development, without affecting BTC on the Bitcoin network. (Bitcoin.com News)
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 - Nomura Holdings' digital asset company Laser Digital Japan announced this week that it has completed registration as a crypto asset trading service provider under Japan's Payment Services Act, with registration number 00032, and has joined the Japan Virtual and Crypto asset Trading Association, bringing an end to Japan's nearly 4-year period without new industry participants.The license covers six crypto assets: Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Shiba Inu, all of which are listed on the industry association's "green list." Laser Digital Japan will initially provide liquidity to licensed crypto asset companies in Japan, while the launch date for trading services targeting professional investors has not yet been announced.Japanese regulators require the segregation of customer assets from company assets, with at least 95% of customer crypto assets stored in offline cold wallets, subject to verification through annual audits. The license does not cover crypto asset derivatives, nor does it permit Laser Digital Japan to launch exchange-traded funds; major adjustments to Japan's crypto asset regulatory framework are expected to be implemented in fiscal year 2027. (Bitcoin.com News)
Bitcoin News posted on X platform, stating that the plan for BSTR, backed by Adam Back, to go public via a SPAC merger with Cantor Equity Partners I as a bitcoin reserve company has been terminated. BSTR Holdings is now required to pay Cantor Equity Partners I $10 million by September 19 and an additional $5 million by December 1, failing which Blockstream Capital Partners may be called upon to make the payment on its behalf.
Odaily News: Coinbase announced on platform X that users can hold USDC on Coinbase and enable the relevant feature to earn rewards in Bitcoin, distributed weekly. Coinbase One users can now enjoy a 6.5% reward for one month.
Odaily News: Sui posted on X platform stating that Bitcoin has reappeared across various timelines, but remains idle in cold wallets. Hashi enables native Bitcoin to become programmable collateral on Sui while remaining on the Bitcoin network. Hashi testnet deposits have surpassed 2 million, and the mainnet is about to launch.
Odaily News: Coinbase announced on the X platform that Bitcoin is not the only asset on the move. Through the Coinbase app, users can discover and trade Base and Solana tokens shortly after they go live on-chain, with related content available under the "Launches" tab.
Odaily News: BitcoinTreasuries.NET stated that the funds raised by SATA this week have been sufficient to support the purchase of 400 BTC, with the number of acquisitions still increasing. The post also mentioned that Strive's fundraising campaign is ongoing.
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)
Odaily News: The Hyperliquid Policy Center has released a research report titled "Perpetual Futures as Complements to Dated Futures," stating that perpetual futures can expand market risk management tools and improve price discovery efficiency, rather than squeezing out traditional dated futures markets.The report points out that the biggest difference between perpetual contracts and traditional futures is that they have no expiration date, meaning traders are not forced to roll over positions and can gain continuous exposure to asset prices through a single contract, making them better suited for around-the-clock trading. As perpetual futures enter the U.S. market for the first time, there has been concern over whether they would divert liquidity from traditional futures.The Hyperliquid Policy Center analyzed data from Bitcoin and on-chain WTI crude oil perpetual contracts, comparing perpetual contract prices during periods when traditional futures markets were closed against benchmark futures prices after markets reopened. The study covered 205 Bitcoin trading weekends and 19 weekends of on-chain crude oil perpetual contract samples.The research found that perpetual futures complement traditional futures in several ways:- Perpetual contracts can lower hedging costs by avoiding the additional expenses associated with rolling positions after traditional futures expire;- Perpetual contracts attract small-scale trading demand that traditional futures struggle to cover—for example, the median trade size for on-chain crude oil perpetuals is approximately $1,300, roughly 1/100th of traditional WTI futures;- Perpetual markets provide effective price discovery during periods when traditional markets are closed, with weekend prices typically being validated by benchmark market prices upon reopening;- During extreme market conditions, perpetual contracts help investors continuously manage risk—for instance, during the weekend of significant crude oil volatility in March 2026, using on-chain crude oil perpetuals for hedging could significantly reduce potential losses;- Data shows that after the launch of perpetual markets, no statistically significant negative impact was observed on traditional benchmark markets, with WTI futures spreads even narrowing after market reopening.
Odaily News: Bitcoin News stated on the X platform that, according to Reuters, Tether has abandoned two Bitcoin mining sites in Uruguay amid a dispute with the state-owned utility company UTE over the amount of electricity available to the mining sites. A former contractor estimated that Tether invested approximately $60 million in each mining site, totaling around $120 million. In 2023, Tether announced its expansion into Uruguay, calling the country a "perfect platform" thanks to its renewable energy and reliable power grid. The mining sites generated revenue in their early stages of operation, but subsequently struggled to secure sufficient electricity to maintain stable operations. The dispute escalated in 2025, with Tether's local entity ceasing electricity payments. UTE cut off power supply to the mines in July of that year, after which Tether halted operations and laid off most of its staff. The outstanding debts were settled in December. According to reports, Uruguay was originally planned as a test site for Tether's expansion of Bitcoin mining operations in South America. Tether stated that its global investments in energy production and Bitcoin mining have exceeded $2 billion.
Odaily News: "First, set 10 big goals" posted on Platform X, stating: "The market moved quickly today, so I didn't have time to open a post. Here's an update on my current short position.1. After the previous short trade ended, I re-entered a short position around 76,000. The logic is actually quite simple. When I opened a long position around 63,000, my initial target was 74,000. I believed the bull market had returned, and that assessment hasn't changed. However, I've always thought this round would be a volatile uptrend rather than moving straight to 84,000 or even 90,000 without any pullback. At least from a macro and market structure perspective, I haven't seen enough signals to support such a move yet. So I re-opened a short position around 76,000. After entering, the price quickly spiked to a high of 79,500. My planned stop-loss wasn't executed as expected (I set it in advance, but the system didn't fill it).2. I've already reduced the majority of my short position — not because I've changed my view, but to control risk first. If the price continues to surge from here, 82,000 or 84,000 are both possible, so there's no need to bet my entire position on being right. I'll keep watching with the remaining position. If the daily close holds above 80,500, then I'll admit I was wrong on this trade, close everything out, and take a break. If the price ultimately fails to hold and weakens again, I'll consider adding back the shorts I trimmed. As for chasing longs at this level, I have no interest — the risk-reward ratio has deteriorated.3. Finally, let me share my broader outlook. Last month when the price was around 63,000, I clearly stated that this was a阶段性底部. That assessment remains unchanged. I'm still bullish on BTC in the medium-to-long term, but being bullish medium-to-long term doesn't conflict with taking short positions locally. This short is betting on a pullback within an uptrend, not calling for a new bear market. If I'm wrong, I'll admit it above 80,500. If I'm right, I'll continue executing as planned. I still believe we'll see BTC at $100,000 by March next year."
According to reports, Bybit has recently launched a USDT mainnet trading ecosystem incentive program with a total prize pool of 100,000 USDT. During the campaign, users can participate in the reward distribution by trading designated USDT pairs. This initiative will further enrich USDT trading scenarios, boosting market liquidity and user engagement for related trading pairs including BTC and ETH.