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Flow is an open-source, non-custodial pool lending protocol on Cardano that enables investors to earn interest and borrowers to obtain instant loans using native assets, with no maturity dates.
AI voice-to-text company Wispr Flow completes $280 million Series B funding round, led by Menlo Ventures
Odaily News AI voice-to-text startup Wispr Flow has completed a $280 million Series B funding round at a valuation of $2 billion, led by Menlo Ventures, with participation from Notable Capital, NEA, Neo Ventures, and others. In November last year, Wispr Flow completed a $25 million Series A extension round at a valuation of $700 million. Following this round, the company's total cumulative funding has reached $361 million.Wispr Flow primarily provides AI voice dictation tools for writing and office scenarios. (Reuters)
CoreWeave Makes Significant Concessions for $2.6 Billion Financing, Oversubscribed 3x After Terms Improved
According to Yonhap News Agency, AI cloud computing company CoreWeave was forced to make significant concessions in a $2.6 billion loan project collateralized by compute supply contracts with Anthropic due to sluggish investor demand: raising the annual yield on the loan to 9.1% and adding a "Cash Flow Lockbox" protection clause to ensure revenue generated from Anthropic contracts is prioritized for debt repayment, a clause that will remain in effect until 50% of the loan principal is repaid or the server utilization rate falls below a specific level. Following the adjustment of terms, subscription demand reversed rapidly—buy orders received on the morning of July 30 totaled as high as $9 billion, exceeding the target financing amount by more than three times. A CoreWeave spokesperson expressed satisfaction with the financing results, describing the term revision as a "natural process of introducing innovative financial structures in a volatile market environment."
Lighter Founder: All Economic Value of Lighter Will Flow to the Token, with the Equity Structure Converted to a Token Structure at TGE
Lighter founder Vladimir Novakovski published an article on X this morning titled "Equity and Tokens."In the article, Novakovski clarified that all economic value generated by Lighter will belong to token holders.Lighter's original intention has always been to use venture capital to bootstrap the project until the moment of token issuance. Lighter is a U.S. company and exists as a single entity — the entity that issued equity in the years leading up to TGE is the same entity that issued tokens at TGE. Apart from converting to a token cap table at TGE, the equity cap table will have no further function in the future.More specifically, Lighter completed its final equity financing round a few months before TGE, which was oversubscribed by approximately 5 times, attracting over $300 million in capital interest against a $68 million allocation. At that time, all equity stakeholders (including early investors and former employees) were informed of the future plan — that their equity value would only be reflected as holdings on the token cap table — and were given the opportunity to sell their equity stakes. Anyone who disagreed with the philosophy that "all value belongs to the token" could easily exit at a higher valuation. Ultimately, less than 1% of equity holders chose to sell their shares, while the rest chose to stay, thereby supporting Lighter's commitment to "value accruing to the token."
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Ripple Strategically Invests in Notabene to Advance RLUSD Institutional-Grade Stablecoin Payments
According to PRNewswire, stablecoin operator Notabene announced it has received strategic investment from Ripple; the specific investment amount has not been disclosed yet. The two parties will collaborate on enterprise-level stablecoin payments, including integrating Ripple's USD stablecoin RLUSD into the Notabene Flow B2B stablecoin payment platform. Both parties also plan to further expand the application of RLUSD in institutional payment networks to accelerate the adoption of compliant stablecoin infrastructure by banks, payment institutions, and fintech companies.
“White-Haired Stock God” Serenity: Chinese VC Funds Are Accelerating Their Flow into Physical AI and World Model Tracks
: "White-Haired Stock God" Serenity posted on platform X, stating that based on the capital flow direction in China's private VC market, institutions are currently pouring into fields related to Physical AI and World Models on a large scale.Data shows the approximate capital distribution as follows: Large Models/LLMs at about $23.56 billion, AI Infrastructure and Technology Layer at about $15.74 billion, Embodied Intelligence/Physical AI at about $13.36 billion, AIGC Applications at about $8.79 billion, and Autonomous Driving plus other top 20 sub-sectors totaling about $3.82 billion (note: metrics may not be directly comparable).Serenity pointed out that early-stage pure foundational model financing is largely closed, with capital more concentrated in existing leading companies and the World Model direction. He expects this trend to also appear in the US, potentially concentrating further towards leading companies like Anthropic and OpenAI. Regarding AIGC applications, Serenity believes this track's commercialization is already relatively mature, but an absolute winner has yet to emerge, exhibiting a fragmented competitive landscape in both China and the US markets.Overall, Serenity concluded that current AI investments continue to flow into infrastructure and the semiconductor supply chain. Meanwhile, capital is rapidly rotating towards Physical AI and Embodied Intelligence, but the World Model track still lacks direct investment targets.
Grayscale: CLARITY Act May Not Be Implemented This Year, New US Crypto Investment May Flow Overseas
Grayscale Head of Research Zach Pandl stated that due to the Senate schedule and election-year political factors, the likelihood of the U.S. bipartisan crypto market structure bill, the CLARITY Act, passing this year has significantly decreased. The article suggests that the bill's failure to pass will not impact the operation of major blockchains or demand for Bitcoin as a store of value in the short term, nor will it hinder the growth of stablecoin payments.
South African Treasury and Central Bank Release Draft Manual on Cross-Border Crypto Asset Regulation, Seeking Public Comments
According to an official media announcement, the South African National Treasury and the South African Reserve Bank (SARB) jointly released the "Draft Manual on Cross-Border Crypto Asset Activities" on August 3, 2026, which is now open for public consultation with a deadline of September 30, 2026. The manual is implemented in conjunction with the previously released "Draft Regulations on Capital Flow Management 2026," aiming to strengthen supervision over cross-border financial activities and prevent risks related to illicit financial flows associated with crypto assets. The manual clarifies the trigger points for cross-border crypto asset transactions—when crypto assets are transferred between a domestic authorized CASP and a foreign CASP, or from a domestic authorized CASP to a non-custodial wallet, it constitutes cross-border capital inflow or outflow and must be reported to the Financial Supervision Department (FinSurv). It is worth noting that at this stage, only individuals are allowed to conduct crypto asset outflow operations through authorized CASPs within the single discretionary allowance or foreign capital allowance; South African entities are temporarily not allowed to conduct related cross-border operations. In addition, the manual currently does not distinguish between different types of crypto assets, nor does it list crypto assets as official South African currency.
Ripple Strategically Invests in Notabene to Advance RLUSD Institutional-Grade Stablecoin Payments
According to PRNewswire, stablecoin operator Notabene announced it has received strategic investment from Ripple; the specific investment amount has not been disclosed yet. The two parties will collaborate on enterprise-level stablecoin payments, including integrating Ripple's USD stablecoin RLUSD into the Notabene Flow B2B stablecoin payment platform. Both parties also plan to further expand the application of RLUSD in institutional payment networks to accelerate the adoption of compliant stablecoin infrastructure by banks, payment institutions, and fintech companies.
Specter Reveals Clues to BONK DAO Governance Attack: Realms Founder's Fund Flow Suspectedly Linked to Attacker
Odaily, on-chain security firm Specter has released preliminary findings on the BONK DAO governance attack. After tracing on-chain fund flows, significant suspicions have emerged: the Realms founder, an address associated with Crypto Notte, shows signs of capital flow interaction with the suspected attacker's wallet.According to the review, the attacker published a malicious governance proposal on June 30. The proposal required 1% of the total BONK circulating supply in voting power to pass. Between July 4 and 5, the attacker acquired sufficient voting weight by purchasing tokens through exchanges and borrowing from Marginfi, totaling approximately $4 million, thereby pushing forward and executing the governance attack.
Financial infrastructure company TVL Capital completes $5 million funding round led by Framework Ventures
financial infrastructure company TVL Capital announced the completion of a $5 million funding round, led by Framework Ventures, with participation from Flow Traders and other institutions. Co-founder Lars previously served as Head of Market Research at The Block. The company's products are benchmarked against traditional exchange-traded products, aiming to build compliant, composable derivatives and diversified yield structures, primarily targeting institutional investors to meet various structured investment and yield management needs.
“1011 Insider Whale” Agent: Crypto Market Funds Flow to AI Assets; Recovery Awaits Liquidity Reboot in New Cycle
Odaily News “1011 Insider Whale” agent Garrett Jin pointed out in his latest market commentary that, against the backdrop of the Middle East conflict, the Strait of Hormuz has been effectively “blockaded” for three months. However, the market has already become “desensitized” to this geopolitical risk, and the AI narrative is reshaping traditional risk pricing logic. As a result, AI is significantly weakening the market's sensitivity to oil prices and geopolitical shocks. Since the emergence of ceasefire signals, U.S. stocks have “decoupled” from energy shocks, with gains in chip and tech stocks offsetting the impact from the energy sector, leading the market to gradually overlook the Strait of Hormuz risk. Nevertheless, he cautioned that the AI sector faces short-term risks of overvaluation and crowded trades, and a pullback could occur at any time.In the energy market, the earlier assessment that the Strait of Hormuz risk had not been fully priced in has proven correct. Oil prices had risen due to supply shock expectations, but peaked and then declined following the release of strategic reserves and the U.S. intervention as a “supplier of last resort.” A successful exit was achieved on April 29-30. He believes the current risk-reward ratio for oil prices is no longer attractive.On the macro and equity market front, U.S. households' holdings of stocks as a percentage of financial assets have reached approximately 47%, surpassing the level seen during the internet bubble era. This means a market downturn would, in turn, constrain policy. The VIX volatility index triggered different policy shift thresholds around 30 and 50, reflecting a “risk-off driven policy” characteristic.In the gold market, the recent pullback in gold is not due to the fading of a war premium but rather changes in long-term structural demand. Since 2022, central banks globally have been purchasing gold at an average annual rate of over a thousand tons, primarily for de-dollarization and hedging against sanctions risks. He defines gold as “an ultimate exit tool outside the dollar system” rather than a mere safe-haven asset.In the crypto market, the liquidity inflection point occurred last October, with funds flowing more toward AI assets, leading to a periodic drain from the crypto market. However, he believes the market is currently in a cyclical bear phase. Rebound rallies exist, but they do not equate to the start of a new bull run. The market must wait for liquidity to restart in a new cycle. The AI era is emerging as the dominant capital narrative. Even if a bubble exists, the structural opportunities it brings represent “a rare window of opportunity for ordinary investors.” Nevertheless, market cycle discipline should not be overlooked.
South African Treasury and Central Bank Release Draft Manual on Cross-Border Crypto Asset Regulation, Seeking Public Comments
According to an official media announcement, the South African National Treasury and the South African Reserve Bank (SARB) jointly released the "Draft Manual on Cross-Border Crypto Asset Activities" on August 3, 2026, which is now open for public consultation with a deadline of September 30, 2026. The manual is implemented in conjunction with the previously released "Draft Regulations on Capital Flow Management 2026," aiming to strengthen supervision over cross-border financial activities and prevent risks related to illicit financial flows associated with crypto assets. The manual clarifies the trigger points for cross-border crypto asset transactions—when crypto assets are transferred between a domestic authorized CASP and a foreign CASP, or from a domestic authorized CASP to a non-custodial wallet, it constitutes cross-border capital inflow or outflow and must be reported to the Financial Supervision Department (FinSurv). It is worth noting that at this stage, only individuals are allowed to conduct crypto asset outflow operations through authorized CASPs within the single discretionary allowance or foreign capital allowance; South African entities are temporarily not allowed to conduct related cross-border operations. In addition, the manual currently does not distinguish between different types of crypto assets, nor does it list crypto assets as official South African currency.
Bitwise BSOL ETF Cumulatively Purchased Nearly $900 Million in SOL, Accounting for Approximately 80% of Total ETF Flow
According to on-chain analysis platform Arkham (@arkham), clients of Bitwise's BSOL ETF have cumulatively purchased $891.9 million worth of Solana, making it the largest SOL ETF and accounting for nearly 80% of all SOL ETF fund inflows.
Upbit Will List Euler (EUL) KRW Trading Pair
According to Upbit's announcement, South Korean crypto exchange Upbit will list Euler (EUL) on the Korean Won (KRW) market on July 26 at 12:00 (KST), supporting deposits and withdrawals on the Ethereum network. Within approximately 5 minutes after trading opens, buy orders and some sell orders will be restricted; within approximately 2 hours after opening, only limit orders will be supported. Euler is a decentralized finance lending protocol based on Ethereum, allowing users to create lending markets and deposit or borrow assets. Euler v2, launched in 2024, adopts a modular Vault structure, supporting users in building lending markets based on different assets and risk preferences, and can be extended to scenarios such as RWA, synthetic assets, and NFTs. The EUL token is primarily used for governance, Fee Flow bidding, and reward mechanisms.
Bank of America: Bull-Bear Indicator Rises to 9.6 Extreme Zone, Recommends Retreat or Rotation
According to Bank of America Securities' July 17 Flow Report, the BofA Bull & Bear Indicator rose from 9.4 to 9.6, further entering extreme bullish territory; historically, an indicator reading above 8.0 is a sell signal. Semiconductor ETFs have recorded year-to-date inflows of $46 billion, accounting for 31% of AUM, while tech funds saw record inflows of $48 billion over the past three weeks. However, the Philadelphia Semiconductor Index has fallen approximately 20% from its June highs, indicating a significant divergence between flows and prices. BofA believes the current market has entered a "topping" zone and recommends reducing equity exposure, retreating or rotating into duration, defensive sectors, high dividends, and the US dollar. The report also notes that investors' extreme optimism is built on three fragile assumptions: an economic "no-landing," the Fed will not raise rates, and hyperscalers will not cut AI capital expenditure—all three of which could be broken. BofA provides specific observation anchors: retreat if the Mag 7 Index (MAGS) falls below 65, while a breakthrough above 70 is the signal to re-enter.
“White-Haired Stock God” Serenity: Chinese VC Funds Are Accelerating Their Flow into Physical AI and World Model Tracks
: "White-Haired Stock God" Serenity posted on platform X, stating that based on the capital flow direction in China's private VC market, institutions are currently pouring into fields related to Physical AI and World Models on a large scale.Data shows the approximate capital distribution as follows: Large Models/LLMs at about $23.56 billion, AI Infrastructure and Technology Layer at about $15.74 billion, Embodied Intelligence/Physical AI at about $13.36 billion, AIGC Applications at about $8.79 billion, and Autonomous Driving plus other top 20 sub-sectors totaling about $3.82 billion (note: metrics may not be directly comparable).Serenity pointed out that early-stage pure foundational model financing is largely closed, with capital more concentrated in existing leading companies and the World Model direction. He expects this trend to also appear in the US, potentially concentrating further towards leading companies like Anthropic and OpenAI. Regarding AIGC applications, Serenity believes this track's commercialization is already relatively mature, but an absolute winner has yet to emerge, exhibiting a fragmented competitive landscape in both China and the US markets.Overall, Serenity concluded that current AI investments continue to flow into infrastructure and the semiconductor supply chain. Meanwhile, capital is rapidly rotating towards Physical AI and Embodied Intelligence, but the World Model track still lacks direct investment targets.
BIT: Stablecoin Funds Continue to Flow Out, Bitcoin Faces Liquidity Pressure
BIT tweeted that Strategy’s buying momentum may weaken. However, despite the market’s current widespread focus on Strategy in the crypto space, two principles remain paramount: “trade with the trend” and “follow the money.” When liquidity reverses, it typically signals a shift in the market environment—making premature bottom-fishing highly risky.
Specter Reveals Clues to BONK DAO Governance Attack: Realms Founder's Fund Flow Suspectedly Linked to Attacker
Odaily, on-chain security firm Specter has released preliminary findings on the BONK DAO governance attack. After tracing on-chain fund flows, significant suspicions have emerged: the Realms founder, an address associated with Crypto Notte, shows signs of capital flow interaction with the suspected attacker's wallet.According to the review, the attacker published a malicious governance proposal on June 30. The proposal required 1% of the total BONK circulating supply in voting power to pass. Between July 4 and 5, the attacker acquired sufficient voting weight by purchasing tokens through exchanges and borrowing from Marginfi, totaling approximately $4 million, thereby pushing forward and executing the governance attack.
Gate Research: Crypto Market Warms Up in April with RWA and On-Chain Capital Flow in Focus
Odaily Odaily News Gate Research recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market saw a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes maintained high volatility overall. The report shows continued divergence in activity across major public chain ecosystems. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.Regarding trending sectors, the report notes that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA sub-sectors, entering a second explosive growth phase in April. Major trading platforms saw monthly trading volumes exceed $220 million, with weekly revenue briefly approaching $6 million, setting new historical records. Meanwhile, Aave experienced its most severe liquidity crisis ever in April, with TVL outflows reaching tens of billions of dollars within a few days and net outflows exceeding $9 billion for the entire month.In terms of fundraising and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, Web3 security incidents in April resulted in losses of approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO worth approximately $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both increasing simultaneously. However, the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
Wintermute: Weak US Non-Farm Payrolls Drive Risk Asset Rebound, ETF Funds Flow Back into Crypto Market
Wintermute released a market update noting that U.S. non-farm payrolls in July unexpectedly decreased by 23,000, significantly weaker than market expectations, pushing September rate hike expectations down from 55% to 40% and driving a broad rebound in risk assets. Gold led the weekly gains, with Nasdaq, S&P 500, Bitcoin, and altcoins generally rising, while Brent crude oil fell 6.85%.
South African Treasury and Central Bank Release Draft Manual on Cross-Border Crypto Asset Regulation, Seeking Public Comments
According to an official media announcement, the South African National Treasury and the South African Reserve Bank (SARB) jointly released the "Draft Manual on Cross-Border Crypto Asset Activities" on August 3, 2026, which is now open for public consultation with a deadline of September 30, 2026. The manual is implemented in conjunction with the previously released "Draft Regulations on Capital Flow Management 2026," aiming to strengthen supervision over cross-border financial activities and prevent risks related to illicit financial flows associated with crypto assets. The manual clarifies the trigger points for cross-border crypto asset transactions—when crypto assets are transferred between a domestic authorized CASP and a foreign CASP, or from a domestic authorized CASP to a non-custodial wallet, it constitutes cross-border capital inflow or outflow and must be reported to the Financial Supervision Department (FinSurv). It is worth noting that at this stage, only individuals are allowed to conduct crypto asset outflow operations through authorized CASPs within the single discretionary allowance or foreign capital allowance; South African entities are temporarily not allowed to conduct related cross-border operations. In addition, the manual currently does not distinguish between different types of crypto assets, nor does it list crypto assets as official South African currency.
Lighter Founder: All Economic Value of Lighter Will Flow to the Token, with the Equity Structure Converted to a Token Structure at TGE
Lighter founder Vladimir Novakovski published an article on X this morning titled "Equity and Tokens."In the article, Novakovski clarified that all economic value generated by Lighter will belong to token holders.Lighter's original intention has always been to use venture capital to bootstrap the project until the moment of token issuance. Lighter is a U.S. company and exists as a single entity — the entity that issued equity in the years leading up to TGE is the same entity that issued tokens at TGE. Apart from converting to a token cap table at TGE, the equity cap table will have no further function in the future.More specifically, Lighter completed its final equity financing round a few months before TGE, which was oversubscribed by approximately 5 times, attracting over $300 million in capital interest against a $68 million allocation. At that time, all equity stakeholders (including early investors and former employees) were informed of the future plan — that their equity value would only be reflected as holdings on the token cap table — and were given the opportunity to sell their equity stakes. Anyone who disagreed with the philosophy that "all value belongs to the token" could easily exit at a higher valuation. Ultimately, less than 1% of equity holders chose to sell their shares, while the rest chose to stay, thereby supporting Lighter's commitment to "value accruing to the token."
Upbit Will List Euler (EUL) KRW Trading Pair
According to Upbit's announcement, South Korean crypto exchange Upbit will list Euler (EUL) on the Korean Won (KRW) market on July 26 at 12:00 (KST), supporting deposits and withdrawals on the Ethereum network. Within approximately 5 minutes after trading opens, buy orders and some sell orders will be restricted; within approximately 2 hours after opening, only limit orders will be supported. Euler is a decentralized finance lending protocol based on Ethereum, allowing users to create lending markets and deposit or borrow assets. Euler v2, launched in 2024, adopts a modular Vault structure, supporting users in building lending markets based on different assets and risk preferences, and can be extended to scenarios such as RWA, synthetic assets, and NFTs. The EUL token is primarily used for governance, Fee Flow bidding, and reward mechanisms.
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Ripple Strategically Invests in Notabene to Advance RLUSD Institutional-Grade Stablecoin Payments
According to PRNewswire, stablecoin operator Notabene announced it has received strategic investment from Ripple; the specific investment amount has not been disclosed yet. The two parties will collaborate on enterprise-level stablecoin payments, including integrating Ripple's USD stablecoin RLUSD into the Notabene Flow B2B stablecoin payment platform. Both parties also plan to further expand the application of RLUSD in institutional payment networks to accelerate the adoption of compliant stablecoin infrastructure by banks, payment institutions, and fintech companies.
Related news
AI voice-to-text company Wispr Flow completes $280 million Series B funding round, led by Menlo Ventures
Odaily News AI voice-to-text startup Wispr Flow has completed a $280 million Series B funding round at a valuation of $2 billion, led by Menlo Ventures, with participation from Notable Capital, NEA, Neo Ventures, and others. In November last year, Wispr Flow completed a $25 million Series A extension round at a valuation of $700 million. Following this round, the company's total cumulative funding has reached $361 million.Wispr Flow primarily provides AI voice dictation tools for writing and office scenarios. (Reuters)
Gate has completed dividend distributions for 67 US stocks including Apple (AAPL) and Morgan Stanley (MS)
Odaily News, According to an official announcement from Gate, Gate has completed cash dividend distributions for 67 US-listed stocks, including Apple (AAPL), Morgan Stanley (MS), Texas Instruments (TXN), and Blackstone (BX), with equivalent amounts distributed in USDT to eligible users' accounts on a pro-rata basis. No action is required from users. This dividend distribution covers US stocks with corporate ex-dividend dates from August 10 to August 14, 2026, spanning multiple industry sectors including technology and semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, real estate REITs, utilities, materials manufacturing, media and entertainment, telecommunications, and strategy ETFs. Users can view dividend details by navigating to APP [TradFi] - [Stocks] - [Trade] - [History] - [Fund Flow] or on Web [Stocks] - [Fund Flow]. The final credited amount and time are subject to actual settlement.
Fu Peng: AI Capital Expenditures by Major Firms Like Alibaba and Tencent Disrupt the High Free Cash Flow and Stable Buyback Dividend Structure
Odaily News, Fu Peng, Chief Economist of Xinhuo Group, stated on X platform that Tencent's latest free cash flow has turned negative. The substantial increase in AI capital expenditures by Alibaba, Tencent, and Silicon Valley giants such as Meta and Google has disrupted the previous "high free cash flow with stable buybacks and dividends" structure. Over the past period, the market has been optimistic about AI, believing that such large capital expenditures represent a long-term competitive advantage in the future.He stated that starting from the second quarter of this year, the market's tolerance for the mismatch between investment and returns has declined, and sentiment has become more cautious. Currently, the revenue generated at the application level is still in a validation phase compared to cumulative investments reaching hundreds of billions, and the high capital expenditures need to correspond with quantifiable long-term return expectations. The coming quarters will be a critical window period, as investor sentiment has shifted from the positivity seen in previous years to caution. Only by seeing truly quantifiable and certain revenue growth can investor doubts be dispelled. The same scale of capital expenditures may lead to different outcomes under varying investor sentiment.
Wintermute: Weak US Non-Farm Payrolls Drive Risk Asset Rebound, ETF Funds Flow Back into Crypto Market
Wintermute released a market update noting that U.S. non-farm payrolls in July unexpectedly decreased by 23,000, significantly weaker than market expectations, pushing September rate hike expectations down from 55% to 40% and driving a broad rebound in risk assets. Gold led the weekly gains, with Nasdaq, S&P 500, Bitcoin, and altcoins generally rising, while Brent crude oil fell 6.85%.
ByteDance Establishes New AI Data and Security Department
It is reported that ByteDance has recently established a new first-level department: AI Data and Security. Parallel to departments such as Seed, Flow, and Douyin, it is headed by Wang Yinglei. This is another first-level department established by ByteDance for AI business following the creation of the two AI first-level departments, Seed and Flow, at the end of 2023.
Grayscale: CLARITY Act May Not Be Implemented This Year, New US Crypto Investment May Flow Overseas
Grayscale Head of Research Zach Pandl stated that due to the Senate schedule and election-year political factors, the likelihood of the U.S. bipartisan crypto market structure bill, the CLARITY Act, passing this year has significantly decreased. The article suggests that the bill's failure to pass will not impact the operation of major blockchains or demand for Bitcoin as a store of value in the short term, nor will it hinder the growth of stablecoin payments.