News linked to both this project and an event.
Odaily News According to official announcements, Gate will list 9 USD1 perpetual contracts at 14:00 (UTC+8) on August 13, covering assets such as BTC, ETH, SOL, XAU, SPCX, SNDK, MU, SK HYNIX, and XAG. Meanwhile, Gate will launch a limited-time promotional fee discount for USD1 contract trading starting from 14:00 (UTC+8) on August 13. During the campaign period, users from VIP 0 to VIP 16 trading any USD1 perpetual contract will enjoy zero taker fees for maker orders and a 75% discount on taker fees.In addition, Gate will launch the USD1 Contract Pioneer Challenge from 15:00 on August 13 to 15:00 on August 20 (UTC+8). Users who participate in trading designated USD1 contract pairs and complete a cumulative trading volume of 1,000 USD1 for the first time can claim a 20 USD1 contract position experience voucher; those who check in for 7 consecutive days of trading can share a 50,000 USD1 contract position experience voucher prize pool; and the top 100 users by cumulative trading volume can also share a 50,000 USD1 cash reward. The three reward tiers—first trade, daily check-ins, and leaderboard ranking—can be stacked, with a total prize pool of 140,000 USD1 equivalent.
: Fox Business crypto reporter posted on X that BlockchainAssn, a crypto industry organization, has filed an amicus brief supporting Custodia Bank's petition to the U.S. Supreme Court, urging the Court to review whether regional Federal Reserve banks have the authority to deny eligible state-chartered banks access to master accounts. The organization warned that lower court rulings in favor of the Federal Reserve grant the central bank broad power to disqualify industries or companies it does not recognize from accessing banking services, effectively determining which state-chartered banks are permitted to operate. Meanwhile, the Federal Reserve Bank of Kansas City has been granted an extension until September 11 to respond to Custodia's petition.
According to The Verge, Google has officially released the Pixel Watch 5, priced at $399, up $50 from the previous generation. Hardware updates are limited, featuring only a faster Qualcomm processor, a slightly increased battery capacity, and new Satin Pyrite colorway and Steph Curry Special Edition. The biggest highlight of this generation lies in the software front: Gemini adds an offline mode, supporting basic operations such as setting timers and launching apps in offline environments (though response speed is significantly slower in offline state). Meanwhile, Gemini will more proactively provide contextual suggestions; for example, when receiving a text message inquiring about the schedule, users can directly access Google Calendar from the wrist. Additionally, the watch face adds real-time information icons, capable of instantly displaying timers, Uber estimated arrival times, and fitness data. Pinch and wrist flip gesture controls also achieve deeper system integration with Wear OS 7.
Bitget announces the launch of the "Archimedes Plan (Project Archimedes)", establishing a dedicated fund with a total size of $300 million to provide capital support to quantitative trading firms, asset management institutions, and market makers. The plan comprises two sub-projects: a $100 million "Funding Support Plan" focusing on supporting emerging and growth-stage quantitative institutions adopting market-neutral strategies; and a $200 million "Interest-Free Loan Plan" targeted at institutions with mature strategies and certain trading volumes, where those meeting corresponding trading volume or position standards can obtain interest-free funds to reduce financing costs and expand strategy scale. Bitget CEO Gracy Chen stated that as institutional trading competition intensifies, capital, execution efficiency, and risk control are becoming key factors determining whether strategies can achieve scalability. Project Archimedes aims to help teams with mature capabilities expand strategy scale through capital support, and is expected to support over 50 projects within the next six months. Meanwhile, leveraging the Bitget Unified Account (UTA), institutions can use rToken spot positions as derivatives margin, maintaining tokenized stock exposure and contract strategies simultaneously without cross-account transfers, thereby further improving capital efficiency. Project Archimedes will adopt a long-term cooperation framework, implementing rolling access and phased deployment, and will subsequently disclose progress regularly, including the number of participating institutions, fund deployment scale, and strategy distribution.
Odaily News: Prediction market platform Polymarket is undergoing an organizational upgrade in preparation for the upcoming fall trading peak, bringing in several new executives, restructuring its marketing system, and strengthening its compliance team in preparation for U.S. market expansion. Polymarket recently hired Travis VanderZanden, founder of shared e-scooter company Bird and former Uber and Lyft executive, as Chief Growth Officer, responsible for the company's growth strategy and marketing system development. VanderZanden stated that the prediction market is at a critical stage of rapid development, and the company needs to further improve its management team to support long-term growth.This adjustment comes as Polymarket faces regulatory scrutiny. Previously, the U.S. Commodity Futures Trading Commission (CFTC) had launched an investigation into its business model, related to the platform's marketing activities and promotional partnership policies. Sources say Polymarket has restructured its marketing department, updated rules for promotional partners, and provided relevant training to employees, while also hiring consulting firm AlixPartners to oversee whether content published by partners complies with the new standards.Meanwhile, Polymarket continues to strengthen its compliance and risk management capabilities for its U.S. operations. The company's U.S. trading platform has added several new executives in regulatory and risk roles, including former Robinhood executive Megan McGrath as Chief Compliance Officer for the U.S. platform, former Coinbase executive Natalie Oblazny overseeing U.S. regulatory affairs, former FBI and Coinbase employee Shana Bautista as Head of Global Investigations and Intelligence, and former Nasdaq executive Paul Jordan as Chief Risk Officer for the U.S. platform.Polymarket's U.S. trading platform went live in May this year and operates independently from its international business. With the NFL new season kicking off in September and the U.S. midterm elections approaching in November, the market expects a new wave of growth in prediction market trading activity.Previously, Polymarket had already become one of the representative platforms in the prediction market space and continues to seek expanded fundraising. According to reports, the company is currently seeking a new funding round at a valuation exceeding $20 billion. As institutional investors and professional traders gradually enter the prediction market, Polymarket is attempting to transform from a retail-facing, betting-style prediction platform into a more mature financial market infrastructure. (CNBC)
Odaily News – River Markets, a startup building trading infrastructure for prediction markets, has announced the completion of an $8.5 million seed funding round, led by Haun Ventures with participation from Y Combinator, Coinbase Ventures, and Qube Research Technologies, among others. The new capital will primarily be used to expand the engineering team, enhance trading system speed and security, and grow institutional clientele, while also developing new tools to support large-scale capital management and cross-platform trading.In recent years, prediction markets have drawn attention from institutional investors. Data from industry platforms shows that institutional trading demand is growing rapidly. For example, prediction market platform Kalshi previously stated that its institutional trading volume increased by approximately 800% within six months. Meanwhile, market participants have begun using prediction markets for risk hedging, including building trading positions around real-world economic variables such as carbon emission allowances and GPU rental prices. (Fortune)
Odaily News: According to data from Gate's event contracts platform, in the event regarding "What price level will WTI crude oil reach in August 2026," the probability of crude oil touching $85 or above is as high as 69%, while the probabilities of touching below $75 and above $90 are 53% and 41% respectively, indicating an overall bullish market expectation.Meanwhile, Gate has launched the "Global Financial Duet" limited-time campaign, running from 18:00 on July 24 to 18:00 on August 28 (UTC+8). The campaign integrates Gate's stock section with Polymarket, covering earnings season and macroeconomic data hotspots. Users who complete stock or financial market prediction trades each week can earn up to 150 USDT in stock trading fee rebate vouchers and 150 USDT in event contract trial vouchers per week, while also participating in two independent leaderboards—"Stocks" and "Predictions"—with a weekly prize pool of up to 40,000 USDT to share, bringing the total prize pool to 200,000 USDT. Additionally, the campaign offers multiple extra benefits, including welcome trading gifts for new users, VIP 5+ registration rewards, and a shared hot topic calendar.
According to The Block, open-source Bitcoin payment processor BTCPay Server disclosed a critical security vulnerability being actively exploited last Friday and urgently requested users to upgrade to version 2.4.2. The vulnerability affects all versions prior to 2.4.2; attackers can use it to steal administrator macaroon authentication credentials of LND nodes, thereby fully controlling the connected Lightning Network wallets. Users such as Foundation and Citadel21 have confirmed that their Lightning node funds were drained, but BTCPay has not publicly disclosed the total amount stolen or the number of affected nodes. Currently, the official release version 2.4.2 has fixed this vulnerability, and on-chain hot wallets are not affected. The BTCPay Server Foundation has donated 0.21 BTC each to security researcher Craig Raw and Bitcoin Red Team to commend their responsible private disclosure of the vulnerability. Meanwhile, BTCPay supporters have promised to provide a bounty incentive of "10% of recovered funds," capped at 3 BTC.
According to Fortune, a National Bureau of Economic Research (NBER) study released by Harvard Business School's Josh Lerner team shows that an analysis of nearly 14 million Chinese patents reveals Chinese universities account for more than a quarter of inventions in 14 key technology areas identified by the Pentagon (including AI, hypersonics, biotechnology, etc.), which is 8 times the 3.3% share of U.S. universities, while contributions from large enterprises such as Huawei and Tencent rank secondary. The study also found that the proportion of Chinese key technology patents containing "disruptive" technical language has risen from less than 2% in the early 1990s to 16% in 2022, approaching the U.S. level of about 20%, and the gap in patent quality is narrowing rapidly. Meanwhile, U.S. federal research funding continues to contract—the Trump administration has terminated over 1,392 NIH grants (involving $539 million), the NSF has also canceled or suspended nearly 2,000 projects, and the combined amount cut and frozen by NIH and NSF exceeds $3 billion. In 2024, China's R&D expenditure surpassed the U.S. for the first time ($1.03 trillion vs $1.01 trillion), and since 2004, the average annual growth rate has exceeded 14%, approximately twice that of the U.S. Researchers warn that the impact of research funding cuts may take years or even decades to manifest.
Odaily-reported, according to the official announcement, Gate will list DAPPOS (DOS) for spot trading at 19:00 (UTC+8) on August 10; and will list DAPPOS (DOS) on its Flash Exchange platform at 20:00 (UTC+8).Meanwhile, Gate Launchpool will launch its 370th session from 19:00 on August 10 to 19:00 on August 24 (UTC+8). Users can stake GUSD, USDT, or DOS to share 1,410,000 DOS tokens for free, with airdrop rewards automatically distributed to spot accounts every hour, and 100% of this session's rewards unlocked. In this Launchpool session, the GUSD pool and USDT pool each offer 564,000 DOS rewards, while the DOS pool provides 282,000 DOS rewards. Users can stake in advance to receive rewards as soon as mining begins. Users staking GUSD can also enjoy a 3.8% yield on U.S. Treasury bills, distributed automatically on a daily basis.
Odaily News – Hyperliquid's RWA perpetual contract trading is growing rapidly, yet platform revenue continues to decline, creating a divergence of "record-high trading volume versus shrinking retained revenue." Data shows that Hyperliquid's open interest climbed to approximately $11 billion on July 13, hitting a new high for 2026, with perpetual contract trading volume over the past 30 days nearing $178 billion, and its share of global perpetual open interest rising to around 9%. Meanwhile, Hyperliquid's protocol revenue has declined for four consecutive quarters, dropping from roughly $357 million in Q3 2025 to about $202 million in Q2 2026, down approximately 43% from its peak.Analysts attribute this primarily to the HIP-3 mechanism, which allows external developers staking 500,000 HYPE to create their own perpetual markets and earn up to 50% of trading fees. In early 2026, developer-deployed markets accounted for only about 2% of Hyperliquid's perpetual trading volume; that figure has now risen to roughly half, meaning an increasing share of trading revenue is being distributed to external developers.Since approximately 97% of Hyperliquid's trading fees are used to buy back HYPE, the decline in platform revenue directly translates to shrinking buyback scale. As of Friday, HYPE was trading at around $55, down about 28% from its all-time high of roughly $77 on June 16. Meanwhile, core contributors unlocked nearly 10 million HYPE on August 6, valued at approximately $550 million at then-prevailing prices, with subsequent unlock schedules continuing through 2027.Overall, Hyperliquid's trading activity is still growing rapidly, but the revenue diversion caused by HIP-3 is weakening the platform's own earnings growth and HYPE buyback support. The boom in its RWA business has yet to fully translate into earnings growth for HYPE holders. (CoinDesk)
According to The Information, Cursor informed employees that the transaction regarding its sale to SpaceX could be completed as early as next week, with a transaction size of approximately $60 billion. After the transaction is completed, Cursor employees will be merged into the SpaceX AI team. Meanwhile, the Cursor brand may no longer be used for certain new products in the future, including an upcoming general agent product, which may be launched under the name Grok Bot.
Odaily News: U.S. banking giant Wells Fargo plans to launch tokenized deposits for select corporate and commercial clients in fall 2026, initially supporting USD and GBP transactions, with plans to expand to more clients and currencies in 2027. Tokenized deposits remain bank liabilities but can enable continuous transfers, programmable payments, faster settlement, and transaction visibility via blockchain. Wells Fargo is not the only bank pursuing this initiative. JPMorgan has already expanded its blockchain-based payment services for institutional clients, and other major financial institutions are developing similar products and shared networks. Meanwhile, the circulation and transaction volume of stablecoins such as USDC continue to grow, and they are already used for settlement across crypto markets, payment networks, and tokenized finance platforms. Tokenized deposits allow funds to remain within the regulated banking system while supporting time-based transfers and condition-triggered payments. Stablecoins, on the other hand, already cover trading, remittance, cross-border payments, decentralized finance, and tokenized asset settlement. Enterprise adoption of both product types will also be influenced by accounting treatment, regulatory rules, and cross-network interoperability.
Odaily News: Nvidia (NVDA) shares have surged more than 10% this week, while the Philadelphia Semiconductor Index (SOX) rose over 8% during the same period. The sector had previously been sold off on concerns over the scale of AI infrastructure investment and high valuations of chip companies, but market sentiment has since recovered.Nvidia's gains were partly boosted by positive developments at SpaceX. During SpaceX's first earnings call, Musk stated that the company will build data centers both on the ground and in space in the future, and will exclusively use Nvidia chips.Meanwhile, the market remains focused on HBM memory supply pressure. According to The Information, Nvidia is testing a version of its Rubin Ultra chip with reduced HBM configuration to address the global shortage of high-bandwidth memory. (Yahoo Finance)
According to BeInCrypto, a latest report jointly released by CoinShares and Token Terminal shows that over the past year (Q2 2025 to Q2 2026), the deposit volume of tokenized real-world assets (RWA) in the DeFi sector increased from $2.3 billion to $7.4 billion, a year-on-year increase of more than twofold, while total DeFi deposits declined by approximately 15% during the same period. The growth was primarily concentrated in yield-bearing products, including tokenized treasury bonds and multi-strategy funds (such as JTRSY, BUIDL, sUSDS), with Aave, Morpho, and Kamino providing the deepest liquidity. Meanwhile, on-chain RWA spot trading volume increased by approximately 220% year-on-year, while native crypto spot trading volume on decentralized exchanges fell by approximately 70%.
According to the official announcement, Huobi HTX listed KO/USDT, RDDT/USDT, and CASHCAT/USDT perpetual contracts on August 7, supporting 1-10x long and short trading. Meanwhile, from now until August 11, 15:00 (UTC+8), Huobi HTX is launching a new token contract trading competition. Users who complete registration, participate in contract trading of participating tokens, and reach specified thresholds will have the chance to share a total prize pool of 1 billion $HTX.
Odaily News: Bank of America reiterated its "Buy" rating on SpaceX after its earnings report, maintaining a price target of $235, roughly 87.5% above the post-earnings reference price of $125.33. Bank of America believes its bullish thesis is no longer primarily based on the rocket launch business, but rather on the AI infrastructure business.Bank of America projects SpaceX's AI business revenue will approach $24.5 billion in 2026, accounting for more than half of the company's total revenue forecast. Meanwhile, revenue contributions from the partnership with Anthropic began in May this year, while the compute collaboration with Google is expected to commence in October this year. As a result, Bank of America has raised its financial forecasts for the coming years: the 2026 revenue estimate has been raised by approximately 15% to $46.9 billion; the 2027 revenue estimate has been raised by approximately 29% to $100.7 billion; and the 2028 revenue estimate has been raised by approximately 29% to $184.8 billion.However, Bank of America also expects that as capital expenditures continue to expand, SpaceX will maintain significantly negative free cash flow in the coming years. Its projections are: -$43.6 billion in free cash flow for 2026; -$45.4 billion for 2027; and -$37.4 billion for 2028. (The Street)
since the launch of Robinhood Chain, DEX trading volume has dropped from a peak of approximately $878 million on July 11 to $241 million on August 1, a decline of 72.5%.During the same period, other core on-chain metrics rose, with daily transaction count hitting an all-time high of 13.3 million on August 5, TVL reaching a record $433 million on August 6, and stablecoin supply peaking at $597 million. Meanwhile, total global DEX trading volume increased from $5.27 billion to $7.33 billion, while Robinhood Chain's share of global DEX trading volume fell from a peak of 16.65% to 4.32%. DEX trading volume per transaction dropped 74% from $105.56 on July 13 to $27.82 on August 4, before recovering to $39.07.
Odaily News - As expectations for de-escalation in the Middle East continue to rise, the market is keeping a close eye on progress in peace negotiations. Gold prices have shown resilient upward momentum, which has also driven growing investor interest in multi-asset CFD products. According to data from the Gate platform, the Gold CFD (XAUUSD) rose 0.13% in 24 hours, reaching a daily high of $4,304.09. Meanwhile, gold-related assets have performed actively, with GDX gaining 7.48% and GLD up 4.12%. Driven by these popular underlying assets, Gate CFD trading activity has climbed accordingly, with weekly trading volume surpassing $200 billion—ranking first across the entire network.Currently, Gate CFD covers 600+ assets spanning stocks, metals, forex, indices, and commodities, and has launched metal perpetual contracts, index perpetual contracts, and commodity perpetual contracts. These products support 7×24-hour trading with USDT settlement, establishing Gate CFD as a key component of Gate's multi-asset trading ecosystem. In parallel, Gate has introduced the TradFi CFD Masters Competition, whose diverse campaigns provide users with more varied trading participation scenarios and reward opportunities, further boosting user engagement and market visibility for Gate CFD.
According to the official announcement, HTX listed the BLESS/USDT perpetual contract on August 6, supporting 1-10x long and short positions. Meanwhile, from now until 15:00 on August 11 (UTC+8), HTX is launching a new coin perpetual contract trading competition. Users who complete registration, participate in perpetual contract trading for the participating tokens, and meet the specified thresholds will have the opportunity to share a total prize pool of 1 billion $HTX tokens.