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HTX DeepThink: Beyond Policy Rates, Long-End Yields Are Becoming a Key Constraint on Crypto Valuation
HTX DeepThink columnist and HTX Research analyst Chloe (@ChloeTalk1) pointed out in her analysis that the core contradiction in the current macro market has shifted from "when the Fed will cut rates" to "whether the Fed needs to raise rates again." Warsh attempted to reduce the impact of single-month data on policy, but since his policy framework has not been fully understood by the market, July and August inflation data have instead become the key variables determining September policy expectations. If core CPI remains at 0.2% or below, the market will re-trade inflation decline and policy pause; if it consecutively exceeds expectations, the Fed will face a binary choice of "raise rates or lose credibility."
Bernstein Issues Divergent Ratings on Bitcoin Miners' AI Transition: Positive on CleanSpark's Execution, MARA Awaiting Key Contract
Odaily News - Investment firm Bernstein recently released a report assigning different ratings to two major Bitcoin miners transitioning to AI infrastructure: maintaining an "Outperform" rating on CleanSpark with a price target of $24, and initiating coverage on MARA Holdings with a "Market-Perform" rating and a price target of $17.Bernstein analysts stated that the core reason for the valuation divergence between the two companies lies in their differing progress in executing AI infrastructure transitions. CleanSpark has already signed an anchor tenant agreement for an AI data center and commenced construction, while MARA is still awaiting its first commercial AI contract.Regarding CleanSpark, the company previously announced the signing of a 20-year triple-net lease agreement with a global high-investment-grade technology firm, covering 175MW of IT capacity at its Sandersville, Georgia project. The agreement also includes exclusive cooperation arrangements for CleanSpark's total 885MW asset portfolio in Texas. Bernstein believes that CleanSpark's collaboration with tenant-designated engineering and construction contractors helps mitigate risks associated with its first large-scale AI infrastructure deployment. The first data center hall is expected to become operational in the fourth quarter of 2027.In contrast, Bernstein's assessment of MARA is more cautious. Analysts pointed out that the first commercial AI contract will serve as a key catalyst for a re-rating of MARA's stock, noting that company management previously indicated expectations of signing at least two AI lease agreements by the end of this year. (The Block)
Hut 8 Releases Q2 2026 Financial Report, Completes Commercialization of First GW-Scale AI Data Center Campus
According to PR Newswire, crypto mining company and energy infrastructure platform Hut 8 Corp. (NASDAQ/Toronto Stock Exchange: HUT) released its second quarter 2026 earnings report. Key highlights are as follows: In terms of commercialization, the company completed the commercialization of its first gigawatt-scale AI data center campus, Beacon Point, and signed a second 352 MW IT lease after the quarter ended, with a total base period contract value of approximately US$26.6 billion, expected annual average Net Operating Income (NOI) to exceed US$1.75 billion, covering 949 MW of contracted IT capacity, with all lessors being investment-grade counterparties. In terms of financing, the company completed US$7.5 billion of investment-grade project financing in a single quarter, including US$3.3 billion for the River Bend campus and US$4.25 billion for Beacon Point Phase I, all being non-recourse non-dilutive financing, setting a precedent for investment-grade construction financing for single-sponsor data center projects. In terms of finance, total revenue for the second quarter was US$74.9 million, a year-over-year increase of 81% (US$41.3 million in the same period last year); net loss was US$177.1 million, primarily due to an unrealized loss of US$138.6 million on digital assets; adjusted EBITDA was US$10.45 million, a year-over-year increase of 149%. In terms of construction, the two major campuses, River Bend and Beacon Point, combined
MEXC and CoinGecko Release Report "How Crypto Exchanges Are Reshaping Traditional Asset Trading," MEXC TradFi Monthly Trading Volume Surges Approximately 59x
MEXC, in collaboration with CoinGecko, has released the latest report "How Crypto Exchanges Are Reshaping Traditional Asset Trading," which provides an in-depth analysis of the rapid expansion of traditional financial assets on centralized crypto exchanges and the shift in global investor behavior.Key findings of the report:1. The TradFi (Traditional Finance) trading volume of six major centralized exchanges surged from $3.46 billion in January 2025 to $393.15 billion in June 2026, representing a growth of over 100 times. Among this, perpetual contracts accounted for 98.5% of the total trading volume in June 2026.2. In June 2026, US equities surpassed precious metals to become the largest TradFi asset class, with monthly trading volume increasing by 337.4% to $189.84 billion, capturing a 48.3% market share. Meanwhile, precious metals trading volume decreased by 48.2% from its March peak, falling to $122.59 billion.3. MEXC's TradFi monthly trading volume grew approximately 59 times, rising from $1.54 billion in November 2025 to $91.12 billion in May 2026. Between January and May 2026, MEXC maintained the second-largest market share among the six exchanges for five consecutive months.4. In precious metals trading, MEXC ranked first among the six exchanges for two consecutive months, with trading volumes reaching $72.12 billion and $85.15 billion in April and May 2026, respectively.5. Among native crypto users, 61.9% have begun trading traditional assets through crypto exchanges.6. Among users with traditional finance experience, 74.2% have transferred some or all of their traditional asset trading to crypto exchanges.7. Across all respondents, 83.3% indicated plans to further increase their scale of trading traditional assets on crypto exchanges.
Zignaly Co-Founder: Zignaly’s Trading Volume Exceeds $10 Billion, Key to RWA Tokenization Is Not Minting Tokens
: Abdul Rafay Gadit, co-founder of Zignaly and Layer 1 network Zigchain, stated that traditional wealth management relies on slow, expensive, and isolated settlement layers. Asset liquidation or investor verification can take days and requires repetitive manual compliance checks. He pointed out that a dedicated Layer 1 blockchain can embed eligibility requirements, geographical restrictions, and transfer rules directly into the asset, allowing execution, ownership, settlement, and reconciliation to exist in the same verifiable state. Zignaly has now expanded to over 500,000 users, with trading volume exceeding $10 billion. Abdul Rafay Gadit stated that the key to RWA tokenization is not minting tokens, but rather the underlying structures such as legal ownership, custody, valuation, redemption, and qualified holders.
AI Investment Boom Faces Key Test: SK Hynix’s US Listing Could Be a Major Barometer
South Korean memory chip giant SK Hynix is set to list on the Nasdaq this Friday, becoming another highly anticipated large-cap tech company to debut in the US, following SpaceX. It is reported that SK Hynix plans to raise approximately $28 billion through an American Depositary Receipt (ADR) offering. As one of Nvidia's key suppliers, SK Hynix primarily produces High Bandwidth Memory (HBM), DRAM, and NAND flash products, with its business benefiting from the growing storage demand driven by the expansion of AI infrastructure.Market analysts believe that SK Hynix's US listing will serve as a crucial test of investor appetite for the next wave of AI technology IPOs. Over the past 12 months, its shares listed in South Korea have surged approximately 770%, outperforming rival Micron Technology's roughly 700% gain during the same period. SK Hynix's listing reflects the AI industry's investment fever spreading from large-scale models and computing chips to the storage and semiconductor supply chain. The market expects the second half of 2026 could see more waves of major IPOs from AI and tech companies. (Fortune)
Garrett Jin: Bitcoin's $80K-$82.5K Range is a Key Resistance Zone, Short-Squeeze Momentum Hard to Sustain
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Nansen: Q2 Starknet daily average transaction volume ~239,000, with STRK20 and strkBTC driving ecosystem upgrades
Odaily News: Blockchain data analytics platform Nansen released its "Starknet H1 2026 Report," stating that in the first half of 2026, Starknet completed its strategic transformation from a high-performance Layer 2 network to a "privacy-preserving execution layer." The launch of the STRK20 privacy framework and the Bitcoin asset strkBTC became the ecosystem's most significant upgrades.The report notes that as an Ethereum-based ZK-Rollup network, Starknet generates STARK proofs off-chain and verifies them on-chain, achieving high throughput and low transaction costs. Its smart contracts use the Cairo language, specifically designed for verifiable computation, and support native account abstraction functionality.In the first half of this year, Starknet launched the v0.14.2 upgrade, introducing the SNIP-36 protocol to lay the technical foundation for private transactions. This upgrade allows the network to directly verify off-chain execution proofs, enabling confidential state transitions without exposing account balances or counterparty information. Additionally, SNIP-37 adjusted the network's economic model, increasing storage costs while lowering base gas fees to optimize incentives for long-term state growth.In terms of privacy applications, Starknet launched the STRK20 privacy framework, which allows users to convert any ERC-20 asset into encrypted balances and conduct private transfers, trades, and DeFi interactions. The system is built on zero-knowledge proof technology and implements compliant auditing through an encrypted viewing key mechanism, protecting user privacy while supporting targeted information disclosure in regulatory scenarios.On-chain data shows that in Q2 2026, Starknet recorded an average daily transaction volume of approximately 239,000 and an average of about 50,000 daily active addresses. During the period, a total of 22.5 million transactions were completed, involving approximately 71,000 users. Among these, DEX aggregator AVNU contributed roughly 14 million transactions, accounting for 62.2% of total volume; gaming infrastructure Cartridge contributed 6.57 million transactions, with the two combined accounting for approximately 91% of transaction activity.
White House Crypto Advisor Patrick Witt: Remains "Optimistic and Bullish" on Clarity Act Passage
According to Odaily, Patrick Witt, the White House's chief crypto advisor, stated that despite ongoing controversies surrounding stablecoin yields and conflicts of interest involving Trump's crypto holdings, he remains optimistic that the Clarity Act will ultimately become law.Speaking at the SALT annual conference in Wyoming on Tuesday, Witt noted that lawmakers are currently in the August recess and are expected to return to Washington in mid-September. Senate Majority Leader John Thune has scheduled a procedural vote on the bill for September 15.Witt said the White House will sit down with Democrats to discuss points of disagreement and work to secure solid votes by September 15. He expressed that he is "genuinely optimistic and bullish" on the bill.The Clarity Act, spanning over 600 pages, aims to establish a comprehensive federal regulatory framework for the U.S. crypto industry, but has faced multiple setbacks over the past few months. Key disputes currently include how to treat stablecoin yields, as well as Democratic concerns over conflicts of interest involving Trump and his family's crypto business ventures.Overall, the September 15 vote will be a critical juncture for whether the Clarity Act can continue to advance. While the White House is attempting to send positive signals, the bill still requires bipartisan support, particularly in reaching compromises on issues such as stablecoins, ethics provisions, and regulatory division of labor.
Ripple Chief Legal Officer: September 15 Will Be a Key Indicator for the Future of the Clarity Act
Odaily News, Ripple Chief Legal Officer Stuart Alderoty stated that September 15 will be a key date for determining whether the U.S. "Clarity Act" crypto market structure bill can continue to advance.Alderoty said at the Wyoming Blockchain Symposium 2026 that the Senate will hold its first procedural motion on September 15, namely whether to enter deliberation. The motion requires 60 votes of support to open the door for the bill's subsequent progress. He noted that this day will serve as a "barometer" for judging whether the Clarity Act can still move forward in Congress.Alderoty also serves as Chairman of the National Crypto Association. He stated that even if market structure legislation hits a roadblock, both the SEC and CFTC have publicly stated that they will continue to advance crypto regulatory rulemaking.He believes that the two regulatory agencies' closer coordination in recent times is a positive signal. In the past, the SEC and CFTC did not always work collaboratively, but now both sides are engaging in closer cooperation around crypto asset regulation.However, Alderoty emphasized that what the industry most hopes to see remains congressional legislation, because legislation is more stable than mere regulatory rules and harder to overturn. He stated that regardless of the outcome, the U.S. will see crypto regulation; the difference lies in whether the framework is established through a more enduring congressional bill or advanced by regulators acting alone.
CryptoQuant Analyst: Bitcoin Attempting to Reclaim Active Supply Cost Basis, ~$70,400 Becomes Key Level
Odaily News: CryptoQuant analyst Darkfost stated that Bitcoin (BTC) is currently attempting to reclaim the "Active Supply Cost Basis" level.Darkfost noted that active supply refers to all BTC that has been transferred at least once within the past 7 years. By excluding long-dormant Bitcoin, a more accurate average cost basis that aligns with the current market structure can be obtained, with its Realized Price standing at approximately $70,400.He stated that the last time Bitcoin successfully reclaimed this level was in early April, before the market fell back below this zone again in early June, with sellers reasserting dominance.Darkfost said that if BTC can sustain its position above the active supply cost basis this time, it could signal the market is forming a longer-term uptrend, rather than the brief breakout that lasted only about two months previously.This metric is commonly used by the market to observe changes in long-term holder costs and Bitcoin market cycle status. Whether BTC can firmly hold near the $70,400 level will become a key indicator for future bullish and bearish forces.
Garrett Jin: Bitcoin's $80K-$82.5K Range is a Key Resistance Zone, Short-Squeeze Momentum Hard to Sustain
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Whale "TLBL" Suspected of Private Key Leak, Cumulative Losses Over $50 Million
According to Lookonchain, the whale address "TLBL" has experienced another major asset security incident, with cumulative losses exceeding $50 million. Of this total, the address previously lost approximately $24 million due to a phishing attack two years ago; in the latest incident, it is suspected that over $26 million in assets across 3 wallets were completely transferred out due to a private key leak. This incident has once again sparked market concern regarding security management risks for high-net-worth on-chain addresses.
Well-Known Trader: Bitcoin Short-Term Focus on $65,300 Key Resistance, Range-Bound Pattern Unchanged
Well-known trader Killa stated that Bitcoin remains in a narrow range consolidation phase in the short term, with $65,300 being the current key threshold.
Bybit Releases H1 2026 Security Report: Intercepts Over $700M in Potential Losses, Achieves 100% On-Chain Monitoring
Odaily News Bybit today released its H1 2026 Risk and Security Report. Following the security incident in February 2025, Bybit has comprehensively upgraded its security architecture, transitioning toward a new defense model characterized by earlier detection, faster response, and continuous adaptation. Key highlights from the report are as follows:User Fund Protection: In H1, over 30,000 suspicious withdrawals were intercepted, protecting nearly 20,000 users from potential losses exceeding $700 million. The average initial review time was just 4.7 minutes (with 95% completed within 10 minutes).100% On-Chain Monitoring: Monitoring covers all business-related on-chain activities (including listed tokens, ecosystem contracts, and hot/cold wallets). In H1, 10 security incidents involving listed token projects were handled with zero platform losses; of these, responses to 8 incidents were faster than other major exchanges, and 2 attacks were detected before the project teams themselves. Additionally, approximately $212 million in potentially fraudulent on-chain funds was identified, and over 10,000 malicious addresses were blacklisted.AI-Driven Security Operations: More than 100,000 security alerts were processed. AI-assisted audits identified critical vulnerabilities at an efficiency 3-5 times that of manual efforts; the automated red team platform reduced the time from asset discovery to initial testing to within 24 hours (compared to weeks with traditional manual methods), and the cycle from security assessment to testing was shortened from two weeks to two hours.Accountability and Asset Recovery: In collaboration with law enforcement agencies and blockchain intelligence firms, stolen assets are being traced, and legal action has been taken against North Korea and the Lazarus Group to hold them accountable and recover funds.David Zong, Head of Risk Control and Security at Bybit Group, stated: "The cybersecurity arms race has entered the era of 'minute-level' response. Leveraging AI to strengthen risk control capabilities and ensuring the security of AI systems themselves is our top priority, but critical security decisions remain centered on human judgment."
Whale "TLBL" Suspected of Private Key Leak, Cumulative Losses Over $50 Million
According to Lookonchain, the whale address "TLBL" has experienced another major asset security incident, with cumulative losses exceeding $50 million. Of this total, the address previously lost approximately $24 million due to a phishing attack two years ago; in the latest incident, it is suspected that over $26 million in assets across 3 wallets were completely transferred out due to a private key leak. This incident has once again sparked market concern regarding security management risks for high-net-worth on-chain addresses.
Sui Co-Founder Leases Factory to Mass-Produce Quantum-Safe Hardware Wallet Cards, Targeting Key Cost Below $10 Per Card
Odaily News: Kostas Chalkias, co-founder and chief cryptographer of Mysten Labs, the development company behind the Sui blockchain, stated that he has leased a dedicated factory at a secret location and plans to scale up production of quantum-safe hardware wallet cards for Sui. The project aims to keep the cost of a single quantum card key under $10, with NFC quantum signing expected to take 1 to 2 seconds. Chalkias noted that the project is being advanced in his personal time outside of work and may include funding to provide cards for users who cannot afford them. The initiative is partly driven by a recent incident involving Coldcard hardware wallets, though the vulnerability was not a quantum attack. Coldcard manufacturer Coinkite disclosed that a firmware vulnerability in Coldcard, traceable to a 2021 update, bypassed the hardware random number chip and generated keys using a predictable software process linked to device serial numbers. Attackers have been moving funds since July 30, with losses climbing to approximately 2,055 BTC, affecting over 7,700 addresses and nearing a value of $130 million. At the protocol level, Sui plans to integrate two quantum-resistant signature schemes approved by the U.S. National Institute of Standards and Technology (NIST), designed for everyday accounts and high-value Move vaults, respectively. Existing accounts can be rotated to quantum-safe keys based on their original recovery phrases, without needing to migrate to new wallets. (Bitcoin.com News)
Bitcoin Red Team: Nearly 5,000 Security Issues Found Across 391 Bitcoin Codebases, Only One Codebase with Zero Vulnerabilities
Odaily News: Bitcoin Red Team, a volunteer security audit team composed of Bitcoin developers and security researchers, has released its latest audit findings. In approximately 30 hours, the team reviewed 391 Bitcoin-related codebases and identified a total of 4,962 security issues, of which 720 were rated as high-risk or critical vulnerabilities. Only one codebase was found to have no issues at all. Currently, only 147 vulnerabilities have been submitted to project maintainers for resolution.Bitcoin Red Team is a volunteer security audit team made up of Bitcoin developers and security researchers, initiated following the Coldcard hardware wallet vulnerability incident. Key contributors include Calle, a developer of the Cashu protocol, among others. (Beincrypto)
Anthropic AI Model Weakens HAWK Minimum Key Strength in 60 Hours
: Anthropic's Claude Mythos Preview model discovered a flaw in the proposed HAWK digital signature scheme, effectively halving its minimum key strength. HAWK is one of the candidate schemes to replace current network and bank signatures in a post-quantum environment. This AI-driven attack took approximately 60 hours, with a computational cost of around $100,000, reducing the effort required to break HAWK's minimum parameter set from roughly 2^64 operations to 2^38 operations, and diminishing the attractiveness of larger compensating key sizes. Current Bitcoin and Ethereum signatures remain unaffected. The results indicate that the capabilities of classical cryptanalysis attacks are improving, while Bitcoin and other networks continue to discuss when and how to migrate to quantum-resistant cryptography.
Taiko: Attack Resulted from Off-Chain Signature Key Leak and Verification Process Gap
Odaily News: Ethereum Layer 2 network Taiko released a post-mortem of the June 21 security incident, stating that the attack resulted from an off-chain signature key leak and a verification process gap. The attacker exploited these to forge proofs and bypass the Prover whitelist, rather than breaking ZK cryptography or smart contracts. The attacker stole approximately $1.75 million from cross-chain bridges and Vaults, but over $11 million in assets were protected, and no user funds were lost. Taiko has fixed the vulnerability, restored the pre-attack state, and resumed operation on July 2; an OpenZeppelin audit confirmed the fixes with no high, medium, or low-risk vulnerabilities identified. The official statement also indicated that the Unzen upgrade, scheduled for August 6, will require ZK proofs for every block to further enhance network security.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Nansen: Q2 Starknet daily average transaction volume ~239,000, with STRK20 and strkBTC driving ecosystem upgrades
Odaily News: Blockchain data analytics platform Nansen released its "Starknet H1 2026 Report," stating that in the first half of 2026, Starknet completed its strategic transformation from a high-performance Layer 2 network to a "privacy-preserving execution layer." The launch of the STRK20 privacy framework and the Bitcoin asset strkBTC became the ecosystem's most significant upgrades.The report notes that as an Ethereum-based ZK-Rollup network, Starknet generates STARK proofs off-chain and verifies them on-chain, achieving high throughput and low transaction costs. Its smart contracts use the Cairo language, specifically designed for verifiable computation, and support native account abstraction functionality.In the first half of this year, Starknet launched the v0.14.2 upgrade, introducing the SNIP-36 protocol to lay the technical foundation for private transactions. This upgrade allows the network to directly verify off-chain execution proofs, enabling confidential state transitions without exposing account balances or counterparty information. Additionally, SNIP-37 adjusted the network's economic model, increasing storage costs while lowering base gas fees to optimize incentives for long-term state growth.In terms of privacy applications, Starknet launched the STRK20 privacy framework, which allows users to convert any ERC-20 asset into encrypted balances and conduct private transfers, trades, and DeFi interactions. The system is built on zero-knowledge proof technology and implements compliant auditing through an encrypted viewing key mechanism, protecting user privacy while supporting targeted information disclosure in regulatory scenarios.On-chain data shows that in Q2 2026, Starknet recorded an average daily transaction volume of approximately 239,000 and an average of about 50,000 daily active addresses. During the period, a total of 22.5 million transactions were completed, involving approximately 71,000 users. Among these, DEX aggregator AVNU contributed roughly 14 million transactions, accounting for 62.2% of total volume; gaming infrastructure Cartridge contributed 6.57 million transactions, with the two combined accounting for approximately 91% of transaction activity.
Bybit Releases H1 2026 Security Report: Intercepts Over $700M in Potential Losses, Achieves 100% On-Chain Monitoring
Odaily News Bybit today released its H1 2026 Risk and Security Report. Following the security incident in February 2025, Bybit has comprehensively upgraded its security architecture, transitioning toward a new defense model characterized by earlier detection, faster response, and continuous adaptation. Key highlights from the report are as follows:User Fund Protection: In H1, over 30,000 suspicious withdrawals were intercepted, protecting nearly 20,000 users from potential losses exceeding $700 million. The average initial review time was just 4.7 minutes (with 95% completed within 10 minutes).100% On-Chain Monitoring: Monitoring covers all business-related on-chain activities (including listed tokens, ecosystem contracts, and hot/cold wallets). In H1, 10 security incidents involving listed token projects were handled with zero platform losses; of these, responses to 8 incidents were faster than other major exchanges, and 2 attacks were detected before the project teams themselves. Additionally, approximately $212 million in potentially fraudulent on-chain funds was identified, and over 10,000 malicious addresses were blacklisted.AI-Driven Security Operations: More than 100,000 security alerts were processed. AI-assisted audits identified critical vulnerabilities at an efficiency 3-5 times that of manual efforts; the automated red team platform reduced the time from asset discovery to initial testing to within 24 hours (compared to weeks with traditional manual methods), and the cycle from security assessment to testing was shortened from two weeks to two hours.Accountability and Asset Recovery: In collaboration with law enforcement agencies and blockchain intelligence firms, stolen assets are being traced, and legal action has been taken against North Korea and the Lazarus Group to hold them accountable and recover funds.David Zong, Head of Risk Control and Security at Bybit Group, stated: "The cybersecurity arms race has entered the era of 'minute-level' response. Leveraging AI to strengthen risk control capabilities and ensuring the security of AI systems themselves is our top priority, but critical security decisions remain centered on human judgment."
White House Crypto Advisor Patrick Witt: Remains "Optimistic and Bullish" on Clarity Act Passage
According to Odaily, Patrick Witt, the White House's chief crypto advisor, stated that despite ongoing controversies surrounding stablecoin yields and conflicts of interest involving Trump's crypto holdings, he remains optimistic that the Clarity Act will ultimately become law.Speaking at the SALT annual conference in Wyoming on Tuesday, Witt noted that lawmakers are currently in the August recess and are expected to return to Washington in mid-September. Senate Majority Leader John Thune has scheduled a procedural vote on the bill for September 15.Witt said the White House will sit down with Democrats to discuss points of disagreement and work to secure solid votes by September 15. He expressed that he is "genuinely optimistic and bullish" on the bill.The Clarity Act, spanning over 600 pages, aims to establish a comprehensive federal regulatory framework for the U.S. crypto industry, but has faced multiple setbacks over the past few months. Key disputes currently include how to treat stablecoin yields, as well as Democratic concerns over conflicts of interest involving Trump and his family's crypto business ventures.Overall, the September 15 vote will be a critical juncture for whether the Clarity Act can continue to advance. While the White House is attempting to send positive signals, the bill still requires bipartisan support, particularly in reaching compromises on issues such as stablecoins, ethics provisions, and regulatory division of labor.
Ripple Chief Legal Officer: September 15 Will Be a Key Indicator for the Future of the Clarity Act
Odaily News, Ripple Chief Legal Officer Stuart Alderoty stated that September 15 will be a key date for determining whether the U.S. "Clarity Act" crypto market structure bill can continue to advance.Alderoty said at the Wyoming Blockchain Symposium 2026 that the Senate will hold its first procedural motion on September 15, namely whether to enter deliberation. The motion requires 60 votes of support to open the door for the bill's subsequent progress. He noted that this day will serve as a "barometer" for judging whether the Clarity Act can still move forward in Congress.Alderoty also serves as Chairman of the National Crypto Association. He stated that even if market structure legislation hits a roadblock, both the SEC and CFTC have publicly stated that they will continue to advance crypto regulatory rulemaking.He believes that the two regulatory agencies' closer coordination in recent times is a positive signal. In the past, the SEC and CFTC did not always work collaboratively, but now both sides are engaging in closer cooperation around crypto asset regulation.However, Alderoty emphasized that what the industry most hopes to see remains congressional legislation, because legislation is more stable than mere regulatory rules and harder to overturn. He stated that regardless of the outcome, the U.S. will see crypto regulation; the difference lies in whether the framework is established through a more enduring congressional bill or advanced by regulators acting alone.
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CryptoQuant Analyst: Bitcoin Attempting to Reclaim Active Supply Cost Basis, ~$70,400 Becomes Key Level
Odaily News: CryptoQuant analyst Darkfost stated that Bitcoin (BTC) is currently attempting to reclaim the "Active Supply Cost Basis" level.Darkfost noted that active supply refers to all BTC that has been transferred at least once within the past 7 years. By excluding long-dormant Bitcoin, a more accurate average cost basis that aligns with the current market structure can be obtained, with its Realized Price standing at approximately $70,400.He stated that the last time Bitcoin successfully reclaimed this level was in early April, before the market fell back below this zone again in early June, with sellers reasserting dominance.Darkfost said that if BTC can sustain its position above the active supply cost basis this time, it could signal the market is forming a longer-term uptrend, rather than the brief breakout that lasted only about two months previously.This metric is commonly used by the market to observe changes in long-term holder costs and Bitcoin market cycle status. Whether BTC can firmly hold near the $70,400 level will become a key indicator for future bullish and bearish forces.
Garrett Jin: Bitcoin's $80K-$82.5K Range is a Key Resistance Zone, Short-Squeeze Momentum Hard to Sustain
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Standard Chartered Bullish on Bitcoin Hitting $100,000 by Year-End: U.S. Treasury Expanding Bond Buybacks Could Be Key Catalyst
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Nansen: Q2 Starknet daily average transaction volume ~239,000, with STRK20 and strkBTC driving ecosystem upgrades
Odaily News: Blockchain data analytics platform Nansen released its "Starknet H1 2026 Report," stating that in the first half of 2026, Starknet completed its strategic transformation from a high-performance Layer 2 network to a "privacy-preserving execution layer." The launch of the STRK20 privacy framework and the Bitcoin asset strkBTC became the ecosystem's most significant upgrades.The report notes that as an Ethereum-based ZK-Rollup network, Starknet generates STARK proofs off-chain and verifies them on-chain, achieving high throughput and low transaction costs. Its smart contracts use the Cairo language, specifically designed for verifiable computation, and support native account abstraction functionality.In the first half of this year, Starknet launched the v0.14.2 upgrade, introducing the SNIP-36 protocol to lay the technical foundation for private transactions. This upgrade allows the network to directly verify off-chain execution proofs, enabling confidential state transitions without exposing account balances or counterparty information. Additionally, SNIP-37 adjusted the network's economic model, increasing storage costs while lowering base gas fees to optimize incentives for long-term state growth.In terms of privacy applications, Starknet launched the STRK20 privacy framework, which allows users to convert any ERC-20 asset into encrypted balances and conduct private transfers, trades, and DeFi interactions. The system is built on zero-knowledge proof technology and implements compliant auditing through an encrypted viewing key mechanism, protecting user privacy while supporting targeted information disclosure in regulatory scenarios.On-chain data shows that in Q2 2026, Starknet recorded an average daily transaction volume of approximately 239,000 and an average of about 50,000 daily active addresses. During the period, a total of 22.5 million transactions were completed, involving approximately 71,000 users. Among these, DEX aggregator AVNU contributed roughly 14 million transactions, accounting for 62.2% of total volume; gaming infrastructure Cartridge contributed 6.57 million transactions, with the two combined accounting for approximately 91% of transaction activity.
Zhipu Founder on GLM-5.3: Scaling Laws Not Just Parameter Scale, Post-Training Becomes Key Variable
Zhipu AI founder Tang Jie stated in an article that large model scaling should not focus solely on parameter count, but also needs to consider data scale, compute resource allocation, inference costs, and actual operating conditions. The article reviewed the shift from Kaplan Scaling Laws to Chinchilla Compute-Optimal Theory, pointing out that the early path of "parameter growth faster than data growth" led to resource misallocation in some super-large models, while subsequent research indicates that model parameters and training data should grow in a more balanced manner.