News linked to both this project and an event.
Odaily News: Digital asset investment platform Rockawayx has acquired digital asset hedge fund Relayer Capital, incorporating its directional long/short strategy into its approximately $2 billion investment platform. Relayer Capital founder Austin Barack will continue to oversee the strategy and assume the role of Chief Investment Officer of the newly renamed Rockawayx Liquid Opportunities Fund.Rockawayx CEO Viktor Fischer stated that the fund will invest in highly liquid crypto tokens and digital asset-related equities, with a focus on identifying assets that are mispriced relative to their business fundamentals, market position, or growth prospects. The fund is currently open to new external investors.Rockawayx disclosed that the strategy's estimated net return from the start of 2026 through August 21 stands at approximately 70%, outperforming a weighted portfolio of Bitcoin, Ethereum, and Solana by 86 percentage points. Major contributing positions include Venice AI, Hyperliquid, Grass Network, Pump.fun, and Zcash, with investment themes centered on AI and tokenized real-world asset markets.The acquisition adds a directional liquid strategy to Rockawayx's venture capital and market-neutral businesses. Rockawayx also operates infrastructure and onchain liquidity divisions, noting that these capabilities support its team in identifying blockchain market opportunities across stages—from early-stage funding and token issuance to public market trading. (Bitcoin.com News)
Odaily News, Justin Sun stated at the Bitcoin Asia 2026 conference in Hong Kong that the threat of quantum computing to blockchain and the entire financial system is widespread, with traditional banks such as JPMorgan facing the same risks. Due to the highly decentralized nature of the Bitcoin community, which involves multiple participants including miners, exchanges, and WBTC, reaching a quantum-resistant consensus will take a considerable amount of time. Justin Sun stated that TRON has been researching quantum-resistant mechanisms over the past year, having released a quantum-resistant address solution and launched it on the testnet in the first half of this year. The project plans to upgrade the entire network into a mainstream crypto network with quantum-resistant capabilities by the end of this year.
Bybit today added three US stock perpetual contracts: Infleqtion (INFQUSDT), Direxion Daily S&P 500 Bull 3X ETF (SPXLUSDT), and T-Rex 2X Long MSTR Daily Target ETF (MSTUUSDT), supporting up to 25x leverage.
According to CNBC, two senior U.S. Treasury officials revealed that the Treasury may tap the Treasury General Account (TGA), which holds a balance nearing $1 trillion, to fund its recently announced expansion of a government bond purchase program. Utilizing the TGA would grant the Treasury greater capacity to influence long-term bond yields.
QCP reported that Bitcoin's rise is linked to declining US long-term Treasury yields and a weakening US dollar, following the US Treasury's announcement to expand the scale of its long-term Treasury liquidity support repurchase agreements starting September 9. Markets will now focus on the US July PCE data on August 26, the Jackson Hole Global Central Bank Symposium from August 27 to 29, and the Federal Reserve's policy meeting on September 15–16. QCP believes that the key factor for the current cryptocurrency market is whether spot demand can sustain itself following initial position adjustments, particularly amid the backdrop of rising leverage.
According to TechFlow research, Morgan Stanley's August 20 report noted that the U.S. Treasury will increase the size of its liquidity-supporting repo operations for the 10-to-20-year and 20-to-30-year tenors from $2 billion per transaction to at least $4 billion, effective September 9. This marks the first adjustment to the repurchase volume outside of the quarterly refinancing window since the repo program launched in May 2024. The two tenors combined add $1.6 billion in notional amount, corresponding to approximately $19.3 million in DV01 (price change per one-basis-point move in rates), with a risk impact roughly double that of the November 2023 "supply surprise." Morgan Stanley stated that the Treasury's decision to expand repurchases ahead of schedule outside the quarterly refinancing window aims to signal close monitoring of long-end interest rate dynamics to the market, thereby buying time for the November refinancing window. The recent rise in the 10-year Treasury yield and curve steepening primarily reflect the market's repricing of energy prices and central bank policy trajectories, rather than concerns over deficits or supply. Morgan Stanley maintains its recommendation for a 7-year versus 30-year Treasury curve steepening trade, targeting a spread of 100 basis points (currently around 71 basis points). On the FX front, coordinated volatility in gold and the Swiss franc hit an annual peak on August 19; should the U.S. dollar policy narrative reassert itself, EUR/USD is likely to approach 1.2150.
Bybit today added three US equity perpetual contracts: 2x Long SpaceX ETF (SPCHUSDT), Arista Networks (ANETUSDT), and Futu Holdings (FUTUUSDT), with up to 25x leverage. Enjoy limited-time fee discounts at launch: 0% for limit orders and 50% off for market orders.
CryptoQuant analyst Axel Adler Jr. released an analysis indicating that Bitcoin is currently trading at approximately $64,200, 1.30 times the long-term holder cost basis of $49,400, and has remained in the low-risk zone for 78 consecutive days. Long-term holder holdings amount to 16.35 million BTC, only 58,000 less than the all-time high of 16.41 million set on July 30; over the past 90 days, this group's supply increased by 1.38 million BTC.
Odaily News: Coinbase announced on the X platform that the US500 perpetual contract is now live, enabling users to go long or short on the 500 largest U.S. companies through a single contract on Coinbase.
Odaily News "White-Haired Stock God" Serenity shared insights on the AI industry chain on the X platform, noting that AI infrastructure demand is driving multiple sectors—including storage, advanced packaging, computing power financing, optical communications, power supply, and electronic components—into a long-term expansion cycle. The AI supply chain remains in a phase of rapid growth.In the storage sector, Serenity cited UBS forecasts indicating that traditional DRAM manufacturers (such as Micron) could see gross margins reach an unprecedented 95% by 2027, potentially even surpassing the gross margin levels of HBM products. Additionally, SanDisk's long-term agreements already cover approximately two-thirds of its 2028 production capacity, with minimum contracted revenue reaching $93 billion. Given its current market cap of around $239 billion, this suggests its future revenue targets could persist for years, making it difficult to simply classify the company as a traditional cyclical stock.On the cloud computing infrastructure front, CoreWeave has signed agreements to use Nvidia A100 GPUs through 2029. This is a positive development for emerging cloud computing companies such as Nebius and Iren, and it also weakens some investors' bearish thesis centered on the rapid depreciation of older GPUs.AI model companies are also continuing to grow at a pace that exceeds expectations. Frontier AI labs are still maintaining extremely rapid growth rates, and a slowdown in growth would actually be a cause for concern. The market projects that Anthropic's 2028 revenue could reach $190 billion to $200 billion.However, advanced packaging and semiconductor infrastructure remain core bottlenecks. The head of advanced packaging at TSMC has stated that in the coming years, the industry may face not only memory shortages but also tight supply of ABF substrates.Serenity concluded that the AI infrastructure supply chain is continuously expanding. From GPUs, storage, and advanced packaging to power, optical communications, and electronic components, every segment is showing a long-term demand growth trend. The AI supply chain is still in a high-speed development stage.
Z.ai releases GLM-5.3, based on the same foundation model as GLM-5.2, achieving capability improvements through expanded post-training. According to the official announcement, GLM-5.3 improves by 50% over GLM-5.2 on the internal Z.ai Code Bench coding benchmark, and reaches a leading level among open models in public benchmarks such as Terminal Bench 3.0 and Agents' Last Exam. In terms of cybersecurity, GLM-5.3 achieved a score of 84.5% in the CyberGym vulnerability discovery test, and significantly improved compared to the previous generation in exploit chain-related tests such as ExploitBench and ExploitGym.
According to on-chain analyst Ai Yi's monitoring, a whale previously shorted Bitcoin on a scale of $114 million. After three stop-losses, the whale added another 330 BTC in the early morning, pushing long positions back above $110 million to 1,742 BTC. The average opening price has been updated to $63,709, with an unrealized profit of $292,000 and an additional $118,000 earned through funding fees.
According to The Block, the Blockchain Association filed an amicus curiae brief on August 13 supporting Custodia Bank's appeal to the U.S. Supreme Court, requesting a review of the legality of the Federal Reserve Bank's refusal of its master account application. The Blockchain Association pointed out that this case concerns whether legitimate digital asset enterprises can compete in a fair environment, and warned that the lower court ruling provides a precedent for federal regulators "to debank unpopular industries in the future without the intervention of state regulators." Custodia Bank was founded by Wall Street veteran Caitlin Long, applied for a Fed master account in October 2020, was rejected by the Federal Reserve Bank of Kansas City in January 2023 on the grounds that the crypto business model posed risks, subsequently lost twice in the district court and the Tenth Circuit Court of Appeals, and was denied rehearing by the full court in a 7 to 3 vote in March 2026. The Federal Reserve Bank of Kansas City must respond to the Supreme Court application by September 11.
Odaily News – Bitcoin miner MARA Holdings disclosed in its latest quarterly SEC filing that it has pledged 18,750 BTC as collateral for two Bitcoin-backed loans, totaling $750 million in principal.Among these, financing provided by Coinbase Credit includes a refinancing of the original $150 million credit facility plus an additional $300 million in new funds; Two Prime Lending separately provided a $300 million loan. Both loans have been fully drawn, with a combined financing cost of approximately 7.56%, primarily maturing in August 2028.The pledged 18,750 BTC were valued at approximately $1.2 billion at the time of the transaction. If a decline in Bitcoin's price pushes the collateral ratio below the agreed level, MARA could face margin call requirements; otherwise, the related BTC may be subject to liquidation risk.The new funds will mainly be used for general corporate purposes and to support MARA's acquisition of Long Ridge Energy & Power. The transaction has an enterprise value of approximately $1.5 billion. Long Ridge owns a natural gas power plant in Ohio, USA, with an expected installed capacity of 505 MW, along with over 1,600 acres of industrial land. MARA plans to further develop the site into a base for Bitcoin mining, AI, and high-performance computing infrastructure. (Crowdfund Insider)
Odaily News According to official sources, Gate's Contract Stocks Section launched perpetual contract trading (USDT settlement) for CSOPSKHYNIX2L (CSOP SK Hynix Daily Leverage 2X ETF 7709.HK), CSOPSAMSUNG2L (CSOP Samsung Electronics Daily Leverage 2X ETF 7747.HK), SSPC (2X Daily Short SpaceX ETF), SPCH (2X Daily Long SpaceX ETF), GFS (GlobalFoundries), VST (Vistra Energy), OKTA (Okta), and OUST (Ouster) on August 12 at 14:00 (UTC+8), supporting 1-20x leverage.Additionally, Gate is hosting Round 13 of the Contract Stocks Section New Coin Airdrop from August 12 at 16:00 to August 21 at 16:00 (UTC+8). New users who complete their first contract trade will receive 5 USDT; daily check-ins based on trading volume in eligible coins can accumulate up to 35 USDT; trading eligible coins in contract markets qualifies participants to share a 30,000 USDT prize pool. The total prize pool for the event is 50,000 USDT, with individual participants eligible to receive up to 240 USDT.
Bitcoin analyst Plan B stated on the X platform that the core of Bitcoin's long-term value lies in scarcity, not short-term price fluctuations.Plan B believes that many people focus on Bitcoin's price charts, while the S2F model he uses focuses on the degree of asset scarcity. This model measures scarcity through "existing supply ÷ annual new production," where the S2F for gold is approximately 60. Due to Bitcoin's fixed total supply of 21 million coins and its predictable issuance schedule, its S2F is currently around 120 and continues to rise over time.The Bitcoin halving mechanism is an important driver of the S2F model. Approximately every four years, the Bitcoin network reduces the block reward by half, decreasing new supply and roughly doubling the S2F level, making it the core supply-side event observed by the model.Plan B emphasized that the S2F and its upgraded version, the S2FX model, predict long-term average value rather than precisely forecasting market tops or bottoms. Bitcoin's price typically fluctuates around the model's estimated value, and investors should focus on multi-year cycle averages rather than single-day price highs. Additionally, Plan B believes that as scarcity increases, Bitcoin is undergoing different stages of development, including proof of concept, payment network, "digital gold"/store of value asset, and institutional-grade financial asset. Each increase in scarcity could bring new market narratives and capital inflows.However, Plan B also reiterated that "all models are wrong, but some are useful." He stated that the S2F model is merely a tool for long-term understanding of Bitcoin's scarcity, not a trading signal or a "crystal ball" for price prediction. Although the model has withstood major events such as the COVID-19 pandemic and China's mining ban, it still has limitations.
Odaily News - Bybit has listed three new US stock/ETF perpetual contracts today: Ouster (OUSTUSDT), GraniteShares 2x Long SK Hynix Daily ETF (SKUUUSDT), and GraniteShares 2x Short SK Hynix Daily ETF (SKDDUSDT), with up to 25x leverage supported. To mark the listing, a limited-time fee discount is available: 0% taker fee and 50% off maker fee.
OKX will list SKUU (2x Long SK Hynix), SKDD (2x Short SK Hynix), and KO (Coca-Cola) stock perpetual contracts from 17:00 to 17:30 on August 10.
According to Korean media NATE, driven by the AI investment boom, SK Hynix's stock price has recently experienced severe volatility. Against the backdrop of intensifying market volatility, SK Group released an advertisement quoting the famous words of founder Choi Jong-geon (최종건): "Despair and hope are two sides of the same coin; despair can be turned into hope like flipping a hand," and rewrote it as "Anxiety and expectation in the AI era are also two sides of the same coin; anxiety can be turned into expectation," thereby conveying confidence in the long-term development of the AI industry. Securities firms believe that short-term stock price volatility has not changed SK Hynix's fundamentals, and the market should focus on its HBM4 technology leadership advantage and the performance stability brought by Long-Term Agreements (LTA). Hyundai Motor Securities analyst Noh Geun-chang (노근창) stated that SK Hynix's DRAM and NAND bit growth rates for the third quarter are expected to reach 9.7% and 1.5% respectively; with the expansion of HBM4 sales contribution, even if the proportion of Long-Term Agreements increases, DRAM Average Selling Price (ASP) is still expected to rise 19.9% quarter-over-quarter. Regarding competition concerns brought by China's ChangXin Memory Technologies (CXMT), Noh Geun-chang believes that considering the US continues to strengthen semiconductor equipment export restrictions and Micron is expanding domestic investment in the US, the possibility of major companies like Apple adopting Chinese memory chips is relatively low.
According to TechFlow Research, Morgan Stanley's latest research report in August indicates that the Q3 DRAM contract price quarter-over-quarter increase has fallen from an expected 20% to 15%, memory module inventory has risen to 12.5 weeks, and signs of weakness have emerged in China's consumer electronics demand. However, Morgan Stanley believes this is merely a normal cyclical slowdown, not a trend reversal. The capex growth rate of the four major cloud vendors was adjusted up from 14% to 29%, and AI demand remains strong. Samsung aims to place 60% to 70% of its capacity under long-term agreements, SK Hynix has completed LTA negotiations with approximately 10 clients, and Micron's 16 agreements cover approximately $100 billion in minimum revenue. Morgan Stanley maintains an overweight rating on Samsung and SK Hynix, with target prices of 381,000 won and 2.6 million won respectively, implying 74% to 84% upside potential. Samsung's current stock price corresponds to an expected P/E ratio of about 5x for 2026, while SK Hynix is about 5.8x. Morgan Stanley believes LTAs are changing industry earnings visibility; the market has not yet assigned a premium to LTA-supported earnings. If LTAs verify downside protection, the memory valuation system may be reshaped.