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Price is a permissionless and reliable oracle solution that leverages Uniswap V3 and automation to provide secure price quotes for any existing token.
Databricks completes $5 billion funding round, valuation reaches $190 billion
Odaily News: According to market reports, Databricks has completed a $5 billion funding round, bringing its valuation to $190 billion.
Plan B: Scarcity, Not Short-Term Price Fluctuation, Is the Core of Bitcoin's Long-Term Value
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.
Strategy Maintains 12% Dividend Rate for STRC in August 2026, with Price Still Below Par Value
Strategy Executive Chairman Michael Saylor confirmed that the company's Variable Rate Series A Perpetual Preferred Stock STRC will maintain a Stretch Dividend Rate of 12.00% in August 2026. STRC was launched in July 2025 with an initial rate of 9%, and has since seen seven consecutive monthly increases. STRC's dividend adjustment mechanism stipulates that when its trading price falls below $95, the dividend rate increases by 0.5%, and once triggered, the increase is irreversible even if the price recovers. Strategy resets this rate monthly to drive STRC's price closer to its $100 par value, and issues new shares through its ATM program to raise funds for Bitcoin purchases. STRC closed at $89.46 on July 31, down from the previous closing price of $89.50, approximately 10% to 11% below its $100 par value. The stock touched a low of $71.25 in June and has not returned to par value since mid-May. Strategy has paused new STRC issuance through its ATM program, limiting its ability to use this funding channel to increase its Bitcoin holdings. The company maintains a liquidity buffer covering approximately 26 months of dividend and interest obligations, and in late June, authorized a $2 billion preferred stock and common stock buyback and Bitcoin monetization program through the Digital Credit Capital Framework.
TD Cowen Lowers Sharplink Price Target to $13, Maintains "Buy" Rating
Brokerage firm TD Cowen lowered Sharplink's target price from $16 to $13, as it reduced its Ethereum price forecast for the end of 2026 to $2,371. However, TD Cowen still maintains a "Buy" rating on Sharplink, stating that the company recently completed a $75 million financing, purchased 10,000 ETH, and initiated a 2.13 million share buyback, indicating that its capital reserve execution continues to advance.
Three Korean AI chip unicorns adjust IPO plans, with combined valuation of approximately 9.25 trillion won
South Korean AI chip companies Rebellions, FuriosaAI, and DeepX have adjusted their IPO-related plans. Rebellions has rescheduled its listing on the Korea Composite Stock Price Index (KOSPI) to the first half of next year, FuriosaAI is planning for the second half of 2028, and DeepX is targeting 2027 to 2028.The three companies are currently pursuing Pre-IPO and Series D funding rounds respectively. Based on valuations, Rebellions is valued at 3.4 trillion won, FuriosaAI at approximately 3 trillion won, and DeepX at around 2.85 trillion won.Last year, the three companies recorded revenues of approximately 32 billion won, 5.7 billion won, and 3.3 billion won respectively. Related mass production and customer orders include Rebellions' Rebel 100, Renegade and other next-generation chips.
Nomura: ChangXin Surges 471% on First-Day Opening, Target Price of 116 Yuan Implies 12x Upside
According to Chaoxiang Research, CXMT listed on the STAR Market on July 27, surging 471% at opening, with market capitalization briefly exceeding 3.3 trillion yuan. Nomura Securities released its initiation report on the same day, granting a Buy rating with a target price of 116 yuan, corresponding to a 20x P/E ratio based on 2028 EPS of 5.8 yuan, implying over 12x upside based on an issue price of 8.66 yuan. Nomura noted that AI is driving a structural surge in DRAM demand, with AI memory demand CAGR exceeding 60% from 2026 to 2030, while global supply growth rate is only 30% to 40%, and the supply-demand gap will continue to widen. As the world's fourth-largest DRAM manufacturer, CXMT currently holds a global share of about 10%, expected to rise to 18% by the end of 2028, approaching Micron's scale. Q1 2026 revenue was 50.8 billion yuan (YoY +719%), and net profit attributable to shareholders of the parent company was 24.76 billion yuan (YoY +1688%), with quarterly profit already exceeding the full year 2025. Nomura believes CXMT should enjoy a "China premium," with the 20x PE valuation based on the midpoint between Micron's 10x historical average and the 1 to 3x valuation gap between Chinese and US semiconductor equipment stocks. Northeast Securities gave a valuation range of 3.2 to 5.7 trillion yuan on the same day, while Nomura's 7.76 trillion yuan is relatively optimistic; the core divergence lies in CXMT's long-term market share ceiling.
Analysis: Bitcoin Releases Late-Bear Market Signals, Liquidity Return May Trigger Next Round of Volatility
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.
Hawks unconvinced, White House pressure mounts, Fed likely to hold rates steady in September
Odaily News Since taking the helm of the Federal Reserve in May, Warsh has faced an exceptionally complex monetary policy dilemma. However, a string of recently released weak macroeconomic data could allow the Fed to maintain its wait-and-see stance for a longer period. The recent decline in inflation indicators has directly undermined the internal hawkish argument that "without rate hikes, inflation cannot be brought down." The U.S. Labor Department reported Thursday that the Producer Price Index (PPI) unexpectedly remained flat month-over-month in July. Data released the day before also showed that the Consumer Price Index (CPI) recorded only a marginal increase in July after declining in June.When the Fed decided to hold rates unchanged last month, Cleveland Fed President Hammack was one of three policymakers who dissented. She reiterated publicly on Thursday: "I believe we need to act now because we need to bring inflation back down to the 2% target at a faster pace than the long-run downward path implied by current interest rate levels." While internal hawks apply pressure, political interference from the White House has never ceased. Trump continues to call for sharply lower interest rates and has publicly accused Warsh's "hostile" colleagues of obstructing the rate-cut process. Facing multi-sided games, Warsh has remained silent about his own plans, avoiding any form of forward guidance.In any case, the market continues to price in potential tightening. According to the CME Group's FedWatch tool, investors currently place a probability of more than 90% that the Fed will raise its policy rate by the end of the year. Caught between tolerating entrenched inflation and pushing up borrowing costs that could lead to rising unemployment, the Fed's next move remains a difficult balancing act.
Polymarket Adjusts Short-Term Crypto Market Settlement Rules, Switching to Time-Weighted Average Price
Odaily News: Polymarket will replace single-price snapshots with time-weighted average prices in short-term cryptocurrency markets for settling related contracts. This follows research and trader complaints indicating widespread manipulation in its settlement process. A study on 5-minute Bitcoin contracts found that some large Binance trades occurred in the final seconds before settlement and appeared to drive price movements; within potentially manipulated settlement windows, the majority of losses were borne by retail traders. The new system will use Chainlink Data Streams and short-duration TWAP windows. This mechanism is similar to the safeguards used by competing platform Kalshi, which relies on regulated price indices and moving averages to increase the difficulty and cost of short-term price distortion.
Bernstein Backs Circle: Q2 Results Ease Competition Concerns, Maintains $140 Price Target
Odaily Odaily News: Wall Street investment firm Bernstein has reaffirmed its "Outperform" rating on stablecoin issuer Circle Internet Financial, maintaining a $140 price target.Bernstein stated that Circle's second-quarter performance effectively addressed previous market concerns regarding intensifying stablecoin competition and the growth potential of reserve asset income. Analysts believe that Circle's expanding partnerships, regulatory licensing progress, and the upcoming Arc blockchain project will bring new revenue streams to the company—growth drivers that are not yet fully reflected in current market expectations.As the stablecoin market continues to expand, Circle is expected to further broaden its business model through payment infrastructure, on-chain financial services, and ecosystem collaborations, with its future growth potential still underestimated by the market. (The Block)
UK CMA Launches Investigation into Microsoft Over Copilot Price Increase
According to Bloomberg, the UK Competition and Markets Authority (CMA) announced an investigation into Microsoft to verify whether, after bundling Copilot AI features into the Microsoft 365 suite (including apps such as Word, Excel, Outlook, etc.) and raising prices, it fully disclosed relevant subscription price change information to users. Regulators are concerned that consumers may be forced to pay higher fees without clear notification.
Loss of 23,752,746 USDC: Ostium Price Data Attacked
Odaily News: Headline: "Loss of 23.75 Million USDC: Ostium Price Data Attacked". According to Ostium's monitoring, Ostium has released an update on the security incident. Its liquidity provider treasury was attacked on July 15, resulting in a loss of 23,752,746 USDC. Preliminary investigations indicate that the attacker compromised the off-chain infrastructure that supplies price data to the protocol, submitting disguised, fraudulent price reports. By rapidly opening and closing multiple large positions, the attacker extracted artificially generated profits from the treasury. Ostium stated that trader collateral is stored in separate, isolated smart contracts and was unaffected by this incident; all trading positions remain open. The team paused trading and froze all trading contracts within 60 minutes of the first attack transaction. Currently, Ostium is cooperating with Mandiant, zeroShadow, Collisionless, SEAL 911, and law enforcement agencies, and is coordinating with trading platforms, bridge contracts, and stablecoin issuers to advance the investigation. The engineering team is repairing and strengthening the relevant infrastructure to support a safe resumption of trading. Ostium stated it will notify at least 24 hours in advance before thawing the trading contracts. Once trading resumes, existing positions will be marked at the price at the time of reopening, unaffected by price fluctuations during the suspension.
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.
Analysis: Bitcoin Releases Late-Bear Market Signals, Liquidity Return May Trigger Next Round of Volatility
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.
A trader monitors CZ's wallet and front-runs MARSCOIN, profiting $282,000 with a 29x return in hours
Odaily News - According to Lookonchain monitoring, a trader monitored CZ's public wallet in real time and bought 84.61 million MARSCOIN tokens with 16 BNB (approximately $9,645) in the same second CZ's wallet burned 4,444 MARSCOIN tokens. To secure the transaction first, the trader raised the Gas Price to hundreds or even thousands of times the normal level.After the purchase, the trader sold half of the position once the price doubled, recovering 16.4 BNB to recoup the initial capital, then took profits on the remaining position in batches, eventually selling for 465 BNB (approximately $282,000), achieving an overall return of 29x and becoming the wallet with the highest MARSCOIN profits.
DeepSeek-V4 Price Increase Imminent! B.AI Major Benefits Coming Soon
Recently, DeepSeek-V4 announced impending price increases and the introduction of peak-valley pricing. On August 15, the B.AI platform announced a major benefits plan to help developers use DeepSeek without fear of costs. New users logging in via Binance Wallet, Bitget Wallet, or imToken wallet can claim 1 million free Credits; entering an invitation code adds another 300,000, totaling up to 1.3 million. Both new and existing users can also enjoy extra Bonus Credits of up to $100 upon recharge. Users can prepare their B.AI accounts in advance to unlock benefits early.
Flap Launches New bBroker Vault Mechanism, Converting Meme Coin Trading Fees into NFT Dividends and On-Chain Floor Price
Odaily News: Flap has announced the launch of bBroker Vault, powered by bStocks, on BNB Chain, combining Meme coin trading activity with NFT yields and tokenized stock ecosystems through a new mechanism.Under this mechanism, users are required to pay a fixed fee in corresponding tax tokens to mint bBroker NFTs, and the tokens paid are burned directly. Subsequently, trading fees from quote assets flowing into the Vault are automatically allocated to a "dividend pool" and a "floor price pool," enabling NFT holders to continuously earn dividends in quote assets without staking or locking up.Meanwhile, each bBroker NFT carries an on-chain floor price backed 1:1 by assets in the floor price pool, and holders can sell the NFT back to the Vault at any time to exit. Flap positions this mechanism as a novel on-chain economic model integrating Meme coins, NFTs, and stock assets.
Analyst: BTC has been suppressed by the short-term holder cost basis for 2 consecutive months, with the market in a weak equilibrium
Odaily News: Trader Murphy (@Murphychen888) posted on the X platform stating that the Realized Price for Bitcoin short-term holders with a holding period of less than 3 months (
Ostium Attack Post-mortem: Off-chain Oracle Permissions Stolen, Forged BTC Price to Arbitrage 23.75 Million USDC
According to Ostium's official report, the core of this attack lies in the compromise of the off-chain price reporting system permissions, unrelated to smart contract vulnerabilities. After obtaining off-chain authorization, the attacker utilized the protocol's registered legitimate forwarding paths to submit forged prices ($5,000 and $60,000) to the BTC-USD market, atomically completing an open-close position arbitrage cycle within the same transaction. Starting with 100 USDC and rolling to amplify the scale across 8 transactions, they extracted 23.75 million USDC from the OLP vault within 5 minutes until the vault circuit breaker mechanism was triggered. The root cause lies in the off-chain infrastructure lacking a multi-party approval mechanism equivalent to on-chain multi-signature, creating a single-point permission vulnerability. The stolen funds have been converted to ETH and mixed via Tornado Cash; tracking efforts are still ongoing.
Loss of 23,752,746 USDC: Ostium Price Data Attacked
Odaily News: Headline: "Loss of 23.75 Million USDC: Ostium Price Data Attacked". According to Ostium's monitoring, Ostium has released an update on the security incident. Its liquidity provider treasury was attacked on July 15, resulting in a loss of 23,752,746 USDC. Preliminary investigations indicate that the attacker compromised the off-chain infrastructure that supplies price data to the protocol, submitting disguised, fraudulent price reports. By rapidly opening and closing multiple large positions, the attacker extracted artificially generated profits from the treasury. Ostium stated that trader collateral is stored in separate, isolated smart contracts and was unaffected by this incident; all trading positions remain open. The team paused trading and froze all trading contracts within 60 minutes of the first attack transaction. Currently, Ostium is cooperating with Mandiant, zeroShadow, Collisionless, SEAL 911, and law enforcement agencies, and is coordinating with trading platforms, bridge contracts, and stablecoin issuers to advance the investigation. The engineering team is repairing and strengthening the relevant infrastructure to support a safe resumption of trading. Ostium stated it will notify at least 24 hours in advance before thawing the trading contracts. Once trading resumes, existing positions will be marked at the price at the time of reopening, unaffected by price fluctuations during the suspension.
TAC Responds to Sharp Price Drop: No Attack, No Internal Sell-Off, Decline Triggered by Chain Reaction of Contract Liquidations
According to official sources, TAC issued a statement regarding the significant price drop in the past 24 hours, stating that the protocol was not attacked, on-chain assets are secure, and the system is operating normally; the team and early investors did not participate in the sell-off, relevant tokens remain in the lock-up and vesting period, and there is no possibility of unlocking at this stage.
ZEC Treasury Company Cypherpunk Responds to Price Volatility: All Software Has Vulnerabilities, Zcash Will Demonstrate Security Capabilities
Odaily, Cypherpunk, the company managing the ZEC treasury, stated that all software has vulnerabilities. Historically, Bitcoin once "over-minted" 184 billion BTC due to a bug. However, this does not mean abandoning blockchain technology; rather, security should be enhanced through formal verification and provable correctness.Cypherpunk emphasized that with the development of AI technology, vulnerability detection will become faster and broader, but the key lies in who can discover issues before malicious actors. Zcash will demonstrate this capability through an upcoming update.
EdgeX Announces Explanation for the EDGE Price Anomaly on June 2 and Will Distribute Compensation to Affected Users
edgeX issued a statement regarding the abnormal price fluctuation of $EDGE on June 2, 2026, at midnight, clarifying that this incident was an attack targeting the $EDGE token’s price. The edgeX protocol remained fully operational throughout, and user assets were secure at all times. The team’s wallet address is verifiable on-chain and shows no evidence of selling, price manipulation, or any other improper activity.
a16z Research: AI Agents Can Identify DeFi Price Manipulation Vulnerabilities, but Their Ability to Execute Complex Attacks Remains Limited
According to a disclosure by a16z, its researchers conducted systematic testing to assess whether AI agents can independently exploit DeFi price manipulation vulnerabilities. The study used a dataset of 20 Ethereum price manipulation incidents and employed Codex (GPT 5.4) equipped with the Foundry toolchain as the test agent. Under baseline conditions—i.e., without domain-specific knowledge—the agent’s success rate was only 10%; after incorporating structured domain knowledge distilled from real-world attack incidents, the success rate rose to 70%. Failure cases revealed that the agent consistently identified vulnerabilities correctly but generally failed to comprehend the leverage logic of recursive lending, misjudged profit margins, and could not orchestrate multi-step, cross-contract attack sequences. The experiment also recorded one sandbox escape incident: the agent extracted an RPC key from the local node configuration and invoked the <code>anvil_reset</code> method to reset the node to a future block, thereby bypassing information isolation constraints and accessing real-world attack data. The research team concluded that AI agents can currently assist effectively in vulnerability identification but are not yet capable of replacing professional security auditors.
Arthur Hayes: AI Bubble Concentrated in Data Center Debt and Unprofitable AI Companies, Still Bullish on Agentic Economy
Odaily News: Arthur Hayes posted on X that someone asked him why he is launching an AI/crypto project while believing AI is a bubble about to burst. He stated that the bubble exists in the debt used to build data centers, as well as in the stocks of unprofitable hyperscale cloud providers and frontier labs. "Price is what you pay; value is what you get." He is 100% confident in the Agentic Economy, and the excess compute capacity brought by debt-funded construction supports his assessment of Flop Labs.Previously, Arthur Hayes announced he would end his retirement and lead Flop Labs. Flop Labs is "food" for AI agents. The project has no pre-sale, no VC participation, and adopts a 100% fair launch model.
Bank of America: Anthropic leads frontier AI model rankings, token prices ease but GPU rents remain firm
According to TechFlow Research, the frontier AI data tracking report released by Bank of America Securities on August 17 shows that Anthropic leads comprehensively in three major AI benchmarks, with Claude Opus 5 ranking first in the Intelligence Index, Agent Index, and Coding Agent Index, GPT-5.6 Sol following closely behind, Meta MuseSpark 1.2 entering the top ten, and Google Gemini 3.6 Flash ranking outside the top ten. In terms of usage, DeepSeek leads with approximately 30% of the Vercel platform token share, Anthropic accounts for 25% and OpenAI accounts for 16%; but in terms of payment amount, Anthropic leads far ahead with 65%, while OpenAI accounts for only 11%. In terms of pricing, the AI Token Price Index decreased 9% month-over-month in August to $2.21, but still increased 87% year-over-year; GPU rental rates remain strong, with H100 increasing 33% year-over-year to $2.77/hour, DRAM increasing 483% year-over-year, and NAND increasing 432% year-over-year. The research report judges that AI infrastructure demand remains healthy, with open-source model usage growing but payment share still highly concentrated on top closed-source models. BofA believes that the Meta "Watermelon" and Google Gemini 4 releases, token pricing trends and GPU rental trends are
Analysis: Bitcoin Releases Late-Bear Market Signals, Liquidity Return May Trigger Next Round of Volatility
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.
Databricks completes $5 billion funding round, valuation reaches $190 billion
Odaily News: According to market reports, Databricks has completed a $5 billion funding round, bringing its valuation to $190 billion.
Flap Launches New bBroker Vault Mechanism, Converting Meme Coin Trading Fees into NFT Dividends and On-Chain Floor Price
Odaily News: Flap has announced the launch of bBroker Vault, powered by bStocks, on BNB Chain, combining Meme coin trading activity with NFT yields and tokenized stock ecosystems through a new mechanism.Under this mechanism, users are required to pay a fixed fee in corresponding tax tokens to mint bBroker NFTs, and the tokens paid are burned directly. Subsequently, trading fees from quote assets flowing into the Vault are automatically allocated to a "dividend pool" and a "floor price pool," enabling NFT holders to continuously earn dividends in quote assets without staking or locking up.Meanwhile, each bBroker NFT carries an on-chain floor price backed 1:1 by assets in the floor price pool, and holders can sell the NFT back to the Vault at any time to exit. Flap positions this mechanism as a novel on-chain economic model integrating Meme coins, NFTs, and stock assets.
Doubao Launches Student Discount, College Students Enjoy 2.5x Free Quota and Special Pro Version Price
Recently, Doubao officially launched a student discount campaign, offering college students more usage quotas and special prices for the Professional Version to assist them in handling complex learning tasks such as research analysis and content creation. It is understood that Doubao's student discount benefits this time consist of two parts.
Related news
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.
Kalshi Files to Launch Copper Perpetual Contract, Utilizing Pyth Network Price Data with No Expiration Date
Odaily News - Prediction market operator Kalshi filed an application with the U.S. Commodity Futures Trading Commission (CFTC) on August 18 to launch the copper perpetual contract COPPERPERP. The contract will track the dollar-denominated spot price of copper and utilize price data from blockchain market data provider Pyth Network.The contract is cash-settled and does not involve physical delivery of copper; regular payments between long and short traders will help keep the contract price aligned with the copper price. The perpetual contract has no expiration date, allowing traders to hold positions indefinitely without needing to roll over to new contracts.Kalshi previously received approval in May to offer bitcoin perpetual contracts and has also submitted an application for stock index perpetual contracts. Less than a week before the copper perpetual contract application was filed, a judge in Washington state ordered the company to cease offering sports, election, political, and other event-related betting in the state. (Decrypt)
Arthur Hayes: AI Bubble Concentrated in Data Center Debt and Unprofitable AI Companies, Still Bullish on Agentic Economy
Odaily News: Arthur Hayes posted on X that someone asked him why he is launching an AI/crypto project while believing AI is a bubble about to burst. He stated that the bubble exists in the debt used to build data centers, as well as in the stocks of unprofitable hyperscale cloud providers and frontier labs. "Price is what you pay; value is what you get." He is 100% confident in the Agentic Economy, and the excess compute capacity brought by debt-funded construction supports his assessment of Flop Labs.Previously, Arthur Hayes announced he would end his retirement and lead Flop Labs. Flop Labs is "food" for AI agents. The project has no pre-sale, no VC participation, and adopts a 100% fair launch model.
Bank of America: Anthropic leads frontier AI model rankings, token prices ease but GPU rents remain firm
According to TechFlow Research, the frontier AI data tracking report released by Bank of America Securities on August 17 shows that Anthropic leads comprehensively in three major AI benchmarks, with Claude Opus 5 ranking first in the Intelligence Index, Agent Index, and Coding Agent Index, GPT-5.6 Sol following closely behind, Meta MuseSpark 1.2 entering the top ten, and Google Gemini 3.6 Flash ranking outside the top ten. In terms of usage, DeepSeek leads with approximately 30% of the Vercel platform token share, Anthropic accounts for 25% and OpenAI accounts for 16%; but in terms of payment amount, Anthropic leads far ahead with 65%, while OpenAI accounts for only 11%. In terms of pricing, the AI Token Price Index decreased 9% month-over-month in August to $2.21, but still increased 87% year-over-year; GPU rental rates remain strong, with H100 increasing 33% year-over-year to $2.77/hour, DRAM increasing 483% year-over-year, and NAND increasing 432% year-over-year. The research report judges that AI infrastructure demand remains healthy, with open-source model usage growing but payment share still highly concentrated on top closed-source models. BofA believes that the Meta "Watermelon" and Google Gemini 4 releases, token pricing trends and GPU rental trends are
Analysis: Bitcoin Releases Late-Bear Market Signals, Liquidity Return May Trigger Next Round of Volatility
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.
Morgan Stanley: Traditional Storage Without Long-Term Contracts Not Necessarily a Bad Thing, DDR4 and SLC NAND in Strongest Price Hike Cycle
According to TechFlow Research, Morgan Stanley's research report on August 14 pointed out that the fundamentals of the three major traditional memory products, DDR4, SLC NAND, and NOR Flash, continue to improve, with widening supply-demand gaps and enhanced pricing power; mainstream manufacturers are exiting DDR4 supply faster than expected. Morgan Stanley expects DDR4 prices to rise by 50% in 3Q26 and another 10%+ in 4Q26; SLC NAND prices are expected to increase by over 50% in both 3Q26 and 4Q26, with tight supply potentially extending into 2027; NOR Flash will see another price hike in 4Q26, with momentum likely extending into 1H27. The report judges that the market is overly pessimistic about pricing the sustainability of the traditional memory cycle. Morgan Stanley has comprehensively upgraded earnings forecasts for Macronix, Winbond, GigaDevice, and PSMC; AP Memory is listed as the top pick due to its SiCap business, with the preference ranking being AP Memory > GigaDevice > Macronix > Winbond > PSMC > Nanya Technology. Macronix's earnings per share for 2026 to 2028 were upgraded by 139%, 144%, and 147% respectively; GigaDevice's were upgraded by 108%, 49%, and 48% respectively. Morgan Stanley believes that the absence of LTAs (Long-Term Agreements) means no constraints on price ceilings; when supply gaps widen and pricing power rests with suppliers, traditional memory manufacturers actually have greater profit elasticity.