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Project Overview
Proof.fun was incubated by NEBRA to enable community-driven funding of public goods. The platform allows anyone to tokenize public goods, using hyperfinancialization to reward past and future social contributions.
Gate Founder and CEO Dr. Han Featured in The Economist Interview: Gate Accelerates Construction of Multi-Asset Financial Infrastructure
Odaily News – According to the latest report by The Economist Enterprise, after 13 years of development and multiple strategic upgrades, Gate is gradually evolving from a traditional crypto asset trading platform into a comprehensive financial infrastructure connecting digital assets with traditional financial markets. The report notes that as more traditional financial products — including stocks, ETFs, tokenized assets, forex, and metals — enter the digital asset ecosystem, Gate is leveraging its multi-asset product layout and global infrastructure development to further bridge the gap between crypto finance and TradFi. In the interview, Gate Founder and CEO Dr. Han stated that as the industry evolves, digital asset platforms are no longer facing only technical challenges, but also risk management, user protection, and industry regulation.In terms of TradFi integration, Gate has established a multi-layered framework spanning tokenized assets, derivatives, and native stock trading, successively launching products and services such as xStocks, Ondo, Gate TradFi, Pre-IPOs, Direct IPO Access, and Gate Stocks. Among these, Gate Stocks now supports stock trading in the U.S., Hong Kong, and South Korea, significantly lowering the barrier for global users to participate in traditional financial markets. Meanwhile, Gate continues to enhance its 24/7 trading and liquidity infrastructure to meet the cross-market asset allocation needs of users worldwide.The Economist Enterprise also pointed out that as the digital asset market moves further toward institutionalization, compliance, transparency, and infrastructure capabilities are becoming key components of platform competitiveness. Gate continues to advance its compliance framework across multiple global jurisdictions and has provided third-party audits and open-source Proof of Reserves since 2020. In addition, Gate is introducing AI infrastructure into Web3, connecting AI with trading, wallets, and more services through products such as Gate AI, Gate MCP, and GateClaw, driving the platform's evolution from a traditional trading venue into a comprehensive financial infrastructure that connects digital assets, traditional finance, and AI applications.
CertiK Report: Brazil's Crypto Market Enters Full Regulatory Phase, Independent Proof Becomes Key to Market Access
Odaily News, August 11 - Web3 security firm CertiK has released its report "Intel3D: PSAV and Brazil's New Security Standards." The report notes that as the deadline for authorization applications set by the Central Bank of Brazil (October 30 this year) approaches, local Virtual Asset Service Providers (PSAVs) are facing a wave of concentrated compliance adjustments. Independent third-party compliance and security certifications are also transitioning from industry best practices to critical requirements for market access. According to the report, CertiK has already begun conducting independent external audits in accordance with Central Bank of Brazil Normative Instruction No. 701.As one of the markets with the highest crypto adoption rates globally, the impact of Brazil's regulatory transformation may extend far beyond its domestic market. The report shows that Brazil currently ranks fifth globally in actual crypto adoption rates. Between June 2024 and June 2025, Brazil received $318.8 billion in on-chain asset value, accounting for nearly one-third of South America's on-chain activity during the same period. Stablecoins have become a critical infrastructure in the local digital asset market, representing approximately 80% of the trading volume in crypto asset transactions reported to Brazil's Federal Revenue Service.
Cryptoast: Gate Europe Ranks Among Top 3 European Crypto Exchanges, Setting a New Benchmark with MiCA Compliance and Low Fees
According to the latest in-depth review and exchange ranking by renowned French crypto media Cryptoast, Gate Europe has been ranked third among European crypto trading platforms. The report indicates that Gate Europe has become one of the most competitive digital asset trading platforms in the European market, thanks to its comprehensive MiCA compliance framework, industry-leading low trading fees, and a wide selection of digital assets. The report states that Gate Europe has obtained a MiCA license from the Malta Financial Services Authority (MFSA) and completed passporting into the French market, among others, allowing it to offer compliant digital asset trading services within the European Economic Area. The platform currently supports over 270 crypto assets, with spot Maker and Taker fees as low as 0.1%, offering a significant advantage among MiCA-compliant trading platforms in Europe.Cryptoast notes that beyond its low fee advantage, Gate Europe also provides services such as free SEPA euro deposits, Proof of Reserves, mobile trading, and wealth management products. The platform employs a VIP tiered fee structure, where spot Maker fees can be reduced to as low as 0% as trading volume and asset scale increase. The report concludes that with its product ecosystem balancing compliance, security, and trading efficiency, Gate Europe can meet the diverse needs of both professional traders and ordinary investors, offering European users a more transparent and efficient digital asset investment experience.As MiCA continues to be implemented across Europe, the digital asset industry is moving towards a more regulated development phase. Leveraging its globally leading trading infrastructure, continuously improving product ecosystem, and localized compliance strategy, Gate Europe is steadily enhancing its service capabilities in the European market. The platform aims to provide users with a safer, more efficient, and trustworthy digital asset trading experience, further driving the development of the global digital finance ecosystem.
RWA protocol Reality releases proof of reserves, with reserve ratio reaching 100%
Reality, a licensed RWA protocol under Bitget, has released its latest Proof of Reserves (PoR) report. The report shows that Reality's reserve ratio has reached 100%, and its issued tokenized stocks, rToken, are pegged 1:1 to the underlying US stock assets. This reserve data is updated daily and independently verified by the US auditing firm The Network Firm. The assets are custodied with Alpaca Securities LLC, a US securities broker registered with FINRA and protected by SIPC, and regulated under New York state law, forming a transparent tripartite independent structure of issuance, verification, and custody.The US stock tokens rToken issued by Reality have been deeply integrated into the Bitget ecosystem and can be used in core scenarios such as unified account margin and staking lending. Previous data shows that within one month of listing, the assets under management (AUM) of Bitget's stock token rToken surpassed $100 million.
Korean fintech company Toss partners with Optimism to explore a Korean won stablecoin, will test OP Stack infrastructure
Odaily Planet Daily reported that Korean fintech company Toss has announced a partnership with Optimism and Sunnyside Labs to jointly explore a Korean won-pegged stablecoin.In the coming months, the three parties will conduct a Proof of Concept (PoC) test to evaluate the feasibility of building compliant blockchain-based digital financial infrastructure on OP Stack, providing technical verification for applications related to a Korean won stablecoin. (The Block)
OKX Star: Eight Years of Deep Roots in Europe, Continuing to Expand AI and Compliant Financial Layout
: OKX CEO Star stated on X that OKX has been operating in Europe since 2018. Over the past eight years, it has continuously collaborated with regulators and the crypto community, gradually transitioning from a technology company to a regulated fintech firm. Star emphasized that the company constantly corrects mistakes and rapidly optimizes during its development. OKX is the first institution globally to obtain the MiCA license, and also holds a Payment Institution (PI) license and a MiFID license. It currently provides Euro fiat on-ramp and off-ramp channels, zero-fee stablecoin payments via the Mastercard network, hundreds of spot trading pairs, and derivatives services covering crypto, commodities, and equities in Europe.On the product front, OKX has built Agentic infrastructure, enabling users to interact with the platform through AI Agents, and is continuously developing new products for the next generation of financial experiences. Star also mentioned that OKX is the first global platform to publish Proof of Reserves (PoR) for over 40 consecutive months, and has its group financial statements audited by a Big Four accounting firm to enhance transparency and financial governance.
ZachXBT Warns of Withdrawal Issues at JuCoin, Raising Fresh Questions About Reserve and Ownership Transparency
On-chain investigator ZachXBT stated that JuCoin, an East Asian centralized exchange, has recently been reported by multiple users to have experienced abnormal withdrawal issues over the past week. Analysis indicates that in its Proof of Reserves published on X, JuCoin self-reported total reserves of approximately $511 million—most of which consist of USDC and USDT issued on its proprietary blockchain, JuChain—leaving the actual backing unclear.
Berachain Unveils PoL Next Roadmap: Reducing Inflation, Simplifying Tokenomics, and Launching the ERA Protocol
According to official announcements, Berachain has unveiled the roadmap for the next phase of its Proof-of-Liquidity (PoL) evolution. Berachain notes that most blockchains treat tokens like faucets—value flows out with little returning, and while blockchains bear the economic costs of operation, they fail to profit from them. Berachain aims to break this cycle through PoL Next—ensuring every dollar emitted compounds as yield for $BERA holders.
Bitmine Deposits 75,600 ETH into Ethereum PoS Staking, Worth Approximately $176 Million
According to on-chain analyst Yujin (@EmberCN), after Bitmine acquired 100,000 ETH at noon today, it deposited an additional 75,600 ETH into Ethereum’s Proof-of-Stake (PoS) system for staking—valued at approximately $176 million. Bitmine’s total staked ETH currently stands at roughly 3.471 million ETH, representing about 70% of its total ETH holdings of 4.976 million ETH.
Hyperbridge Contract Hit by MMR Proof Replay Vulnerability, Suffering ~$242,000 in Losses
According to BlockSec Phalcon, the HandlerV1 contract managed by Hyperbridge on the Ethereum network was found to contain a Merkle Mountain Range (MMR) proof replay vulnerability, resulting in approximately $242,000 in losses. The vulnerability stems from the lack of binding between proofs and requests, enabling attackers to replay historical valid proofs alongside newly forged requests to perform malicious actions—such as altering administrator privileges. In the specific incident, the attacker changed the Polkadot (DOT) token administrator and then exploited those privileges to mint additional DOT tokens for profit. Observed attack transactions include: changing the DOT token administrator and minting new tokens (losses of ~$237,400), changing the ARGN token administrator and minting new tokens (losses of ~$3,800), and host withdrawal operations. The vulnerability was discovered by PhalconSecurity and analyzed via PhalconExplorer. Previously, the Hyperbridge gateway contract was attacked, leading to the unauthorized minting and subsequent dumping of 1 billion DOT tokens on Ethereum.
Researchers disclose Solana PoH clock attack vulnerability; transition risks prior to the Alpenglow upgrade remain unresolved.
According to CryptoSlate, researchers from USENIX Security publicly disclosed a clock attack vulnerability against Solana’s Proof of History (PoH) mechanism on August 12. The vulnerability had been privately reported to the Solana development team as early as December 2025. Research indicates that a malicious scheduler leader could manipulate the PoH logical clock through "re-anchoring," slowing the progression of logical time. This would yield a longer transaction selection window within physical time, allowing the attacker to isolate honest leaders' blocks via the TowerBFT fork-choice mechanism, with the required stake for the attack falling below 33%. The Alpenglow security contest hosted by Anza, which offered a 50,000 SOL prize pool, concluded on August 19. However, the vulnerability was excluded from the evaluation scope because the contest rules explicitly excluded "behaviors that can only be triggered when Alpenglow is inactive." The Solana development team confirmed awareness of the issue, stating that the probability of the worst-case scenario occurring under current conditions is low. They expect the Alpenglow upgrade to fundamentally eliminate the attack's prerequisites. The Alpenglow code is already integrated into the Agave 4.2 client but remains inactive on the mainnet, with full deployment expected alongside Agave 4.3. Until then, the transitional risks associated with this vulnerability have yet to receive public implementation-level analysis or official responses.
Operations Ceased, SecondFi Wallet Migration Tool Launches August 13, Affected Asset Recovery Portal Expected by September 10
: Cardano ecosystem wallet project SecondFi has announced the launch of a wallet migration tool and revealed a recovery plan for assets affected by the June 2026 security incident. As the project will cease operations, users are required to migrate remaining assets still held in SecondFi wallets. The migration tool is expected to go live on August 13, supporting the transfer of eligible ADA, Cardano native tokens, and NFTs to new Cardano wallets created with service providers of the users' choosing. Currently, the tool only supports Cardano network assets; non-Cardano assets must be transferred separately through corresponding network and wallet processes. SecondFi stated that the migration tool has passed an independent security assessment by security firm Bitdefender. For affected assets, SecondFi plans to launch a recovery portal before September 10, where users can verify wallet ownership via zero-knowledge proofs (ZK Proof) and submit asset claims. SecondFi reminds users to only rely on information published through official channels, including @secondfiapp, @secondfi_jp, and the official support website, to guard against phishing sites and impersonating accounts.
Project Eleven Launches Bitcoin Wallet Ownership Proof Solution for Post-Q-Day Era
security firm Project Eleven has introduced a post-quantum proof technology designed to help users prove ownership of their Bitcoin wallets after quantum computers become capable of deriving private keys and generating valid signatures. Project Eleven CEO Alex Pruden stated that the technology utilizes the wallet's key derivation path, enabling users to prove control without disclosing the parent key, thus distinguishing legitimate owners from attackers. The solution was developed in collaboration with Jim Posen, a primary maintainer of the open-source Binius zero-knowledge proof system, and is based on the "signature lifting" technique proposed by Alon Sattath and Robert Wyborski. Project Eleven noted that the prototype has not yet been audited and requires blockchain protocol support before it can be deployed. It is primarily aimed at users who miss the window to migrate to quantum-resistant addresses in the future.
Aztec Network Attacked, Losses Exceed $2.15 Million; Root Cause is a Mismatch Between ZK Proof and L1 Settlement Boundaries
According to analysis by BlockSec Phalcon (@Phalcon_xyz), Aztec Network's RollupProcessorV3 contract was attacked, resulting in losses exceeding $2.15 million. The root cause is that `numRealTxs` was not effectively bound to the transaction set enforced by the ZK proof, causing a deviation between the proof verification path and the L1 settlement logic's interpretation of the transaction list.The attacker exploited this vulnerability to move real deposits to slots not processed by the settlement logic, bypassing the `decreasePendingDepositBalance()` function. By creating unbacked private balances out of thin air, they were able to withdraw funds through the normal settlement process. A total of seven assets were involved.
Hyperbridge Contract Hit by MMR Proof Replay Vulnerability, Suffering ~$242,000 in Losses
According to BlockSec Phalcon, the HandlerV1 contract managed by Hyperbridge on the Ethereum network was found to contain a Merkle Mountain Range (MMR) proof replay vulnerability, resulting in approximately $242,000 in losses. The vulnerability stems from the lack of binding between proofs and requests, enabling attackers to replay historical valid proofs alongside newly forged requests to perform malicious actions—such as altering administrator privileges. In the specific incident, the attacker changed the Polkadot (DOT) token administrator and then exploited those privileges to mint additional DOT tokens for profit. Observed attack transactions include: changing the DOT token administrator and minting new tokens (losses of ~$237,400), changing the ARGN token administrator and minting new tokens (losses of ~$3,800), and host withdrawal operations. The vulnerability was discovered by PhalconSecurity and analyzed via PhalconExplorer. Previously, the Hyperbridge gateway contract was attacked, leading to the unauthorized minting and subsequent dumping of 1 billion DOT tokens on Ethereum.
Researchers disclose Solana PoH clock attack vulnerability; transition risks prior to the Alpenglow upgrade remain unresolved.
According to CryptoSlate, researchers from USENIX Security publicly disclosed a clock attack vulnerability against Solana’s Proof of History (PoH) mechanism on August 12. The vulnerability had been privately reported to the Solana development team as early as December 2025. Research indicates that a malicious scheduler leader could manipulate the PoH logical clock through "re-anchoring," slowing the progression of logical time. This would yield a longer transaction selection window within physical time, allowing the attacker to isolate honest leaders' blocks via the TowerBFT fork-choice mechanism, with the required stake for the attack falling below 33%. The Alpenglow security contest hosted by Anza, which offered a 50,000 SOL prize pool, concluded on August 19. However, the vulnerability was excluded from the evaluation scope because the contest rules explicitly excluded "behaviors that can only be triggered when Alpenglow is inactive." The Solana development team confirmed awareness of the issue, stating that the probability of the worst-case scenario occurring under current conditions is low. They expect the Alpenglow upgrade to fundamentally eliminate the attack's prerequisites. The Alpenglow code is already integrated into the Agave 4.2 client but remains inactive on the mainnet, with full deployment expected alongside Agave 4.3. Until then, the transitional risks associated with this vulnerability have yet to receive public implementation-level analysis or official responses.
MemeCore Announces $1 Billion Strategic Deal with ZeroStack
Odaily News: MemeCore has announced that its core team members have reached a strategic deal worth $1 billion with Nasdaq-listed crypto infrastructure asset management company ZeroStack (NASDAQ: ZSTK).According to the announcement, MemeCore will contribute related assets to ZeroStack in exchange for ZeroStack equity and pre-funded warrants. The deal aims to strengthen the connection between the MemeCore ecosystem and the U.S. public capital markets, while driving development in decentralized AI, digital assets, and blockchain infrastructure.MemeCore stated that this partnership will further integrate its Meme economy ecosystem, decentralized AI applications, and digital asset infrastructure, providing support for future ecosystem expansion and capital market financing. MemeCore previously launched a Layer 1 blockchain built for the "Meme 2.0" economy, featuring a Proof of Meme (PoM) consensus mechanism designed to connect community-driven assets.
Gate Founder and CEO Dr. Han Featured in The Economist Interview: Gate Accelerates Construction of Multi-Asset Financial Infrastructure
Odaily News – According to the latest report by The Economist Enterprise, after 13 years of development and multiple strategic upgrades, Gate is gradually evolving from a traditional crypto asset trading platform into a comprehensive financial infrastructure connecting digital assets with traditional financial markets. The report notes that as more traditional financial products — including stocks, ETFs, tokenized assets, forex, and metals — enter the digital asset ecosystem, Gate is leveraging its multi-asset product layout and global infrastructure development to further bridge the gap between crypto finance and TradFi. In the interview, Gate Founder and CEO Dr. Han stated that as the industry evolves, digital asset platforms are no longer facing only technical challenges, but also risk management, user protection, and industry regulation.In terms of TradFi integration, Gate has established a multi-layered framework spanning tokenized assets, derivatives, and native stock trading, successively launching products and services such as xStocks, Ondo, Gate TradFi, Pre-IPOs, Direct IPO Access, and Gate Stocks. Among these, Gate Stocks now supports stock trading in the U.S., Hong Kong, and South Korea, significantly lowering the barrier for global users to participate in traditional financial markets. Meanwhile, Gate continues to enhance its 24/7 trading and liquidity infrastructure to meet the cross-market asset allocation needs of users worldwide.The Economist Enterprise also pointed out that as the digital asset market moves further toward institutionalization, compliance, transparency, and infrastructure capabilities are becoming key components of platform competitiveness. Gate continues to advance its compliance framework across multiple global jurisdictions and has provided third-party audits and open-source Proof of Reserves since 2020. In addition, Gate is introducing AI infrastructure into Web3, connecting AI with trading, wallets, and more services through products such as Gate AI, Gate MCP, and GateClaw, driving the platform's evolution from a traditional trading venue into a comprehensive financial infrastructure that connects digital assets, traditional finance, and AI applications.
Operations Ceased, SecondFi Wallet Migration Tool Launches August 13, Affected Asset Recovery Portal Expected by September 10
: Cardano ecosystem wallet project SecondFi has announced the launch of a wallet migration tool and revealed a recovery plan for assets affected by the June 2026 security incident. As the project will cease operations, users are required to migrate remaining assets still held in SecondFi wallets. The migration tool is expected to go live on August 13, supporting the transfer of eligible ADA, Cardano native tokens, and NFTs to new Cardano wallets created with service providers of the users' choosing. Currently, the tool only supports Cardano network assets; non-Cardano assets must be transferred separately through corresponding network and wallet processes. SecondFi stated that the migration tool has passed an independent security assessment by security firm Bitdefender. For affected assets, SecondFi plans to launch a recovery portal before September 10, where users can verify wallet ownership via zero-knowledge proofs (ZK Proof) and submit asset claims. SecondFi reminds users to only rely on information published through official channels, including @secondfiapp, @secondfi_jp, and the official support website, to guard against phishing sites and impersonating accounts.
Only about 40 tokens in circulation, Circle Bitcoin tokenized asset cirBTC has launched on Ethereum
cirBTC was officially launched on Ethereum on June 8. Data from its Ethereum contract shows a maximum total supply of approximately 40.02 tokens, with 11 holder addresses in total. Eligible institutional participants can mint and redeem cirBTC through Circle Mint. Currently, Ethereum is the only network where it has been launched, with future support planned for Circle's own blockchain Arc and additional networks. cirBTC is issued by Circle International Bermuda Limited, with the underlying Bitcoin held in custody by Circle National Trust and segregated from Circle's own assets. Reserve data from August 11 shows that cirBTC supply stands at 40.02159077 tokens, with 42.5070808 BTC held in reserves. Circle has publicly disclosed the reserve addresses and balances, and employs Chainlink's Proof of Reserve mechanism to publish verified reserve data on-chain. By comparison, WBTC has a circulating supply of approximately 116,100 tokens with a market cap of about $7.362 billion, while cbBTC has a circulating supply of approximately 97,200 tokens with a market cap of about $6.162 billion. cirBTC has not yet established a trackable market price or market capitalization.
CertiK Report: Brazil's Crypto Market Enters Full Regulatory Phase, Independent Proof Becomes Key to Market Access
Odaily News, August 11 - Web3 security firm CertiK has released its report "Intel3D: PSAV and Brazil's New Security Standards." The report notes that as the deadline for authorization applications set by the Central Bank of Brazil (October 30 this year) approaches, local Virtual Asset Service Providers (PSAVs) are facing a wave of concentrated compliance adjustments. Independent third-party compliance and security certifications are also transitioning from industry best practices to critical requirements for market access. According to the report, CertiK has already begun conducting independent external audits in accordance with Central Bank of Brazil Normative Instruction No. 701.As one of the markets with the highest crypto adoption rates globally, the impact of Brazil's regulatory transformation may extend far beyond its domestic market. The report shows that Brazil currently ranks fifth globally in actual crypto adoption rates. Between June 2024 and June 2025, Brazil received $318.8 billion in on-chain asset value, accounting for nearly one-third of South America's on-chain activity during the same period. Stablecoins have become a critical infrastructure in the local digital asset market, representing approximately 80% of the trading volume in crypto asset transactions reported to Brazil's Federal Revenue Service.
Related news
Researchers disclose Solana PoH clock attack vulnerability; transition risks prior to the Alpenglow upgrade remain unresolved.
According to CryptoSlate, researchers from USENIX Security publicly disclosed a clock attack vulnerability against Solana’s Proof of History (PoH) mechanism on August 12. The vulnerability had been privately reported to the Solana development team as early as December 2025. Research indicates that a malicious scheduler leader could manipulate the PoH logical clock through "re-anchoring," slowing the progression of logical time. This would yield a longer transaction selection window within physical time, allowing the attacker to isolate honest leaders' blocks via the TowerBFT fork-choice mechanism, with the required stake for the attack falling below 33%. The Alpenglow security contest hosted by Anza, which offered a 50,000 SOL prize pool, concluded on August 19. However, the vulnerability was excluded from the evaluation scope because the contest rules explicitly excluded "behaviors that can only be triggered when Alpenglow is inactive." The Solana development team confirmed awareness of the issue, stating that the probability of the worst-case scenario occurring under current conditions is low. They expect the Alpenglow upgrade to fundamentally eliminate the attack's prerequisites. The Alpenglow code is already integrated into the Agave 4.2 client but remains inactive on the mainnet, with full deployment expected alongside Agave 4.3. Until then, the transitional risks associated with this vulnerability have yet to receive public implementation-level analysis or official responses.
MemeCore Announces $1 Billion Strategic Deal with ZeroStack
Odaily News: MemeCore has announced that its core team members have reached a strategic deal worth $1 billion with Nasdaq-listed crypto infrastructure asset management company ZeroStack (NASDAQ: ZSTK).According to the announcement, MemeCore will contribute related assets to ZeroStack in exchange for ZeroStack equity and pre-funded warrants. The deal aims to strengthen the connection between the MemeCore ecosystem and the U.S. public capital markets, while driving development in decentralized AI, digital assets, and blockchain infrastructure.MemeCore stated that this partnership will further integrate its Meme economy ecosystem, decentralized AI applications, and digital asset infrastructure, providing support for future ecosystem expansion and capital market financing. MemeCore previously launched a Layer 1 blockchain built for the "Meme 2.0" economy, featuring a Proof of Meme (PoM) consensus mechanism designed to connect community-driven assets.
Gate Founder and CEO Dr. Han Featured in The Economist Interview: Gate Accelerates Construction of Multi-Asset Financial Infrastructure
Odaily News – According to the latest report by The Economist Enterprise, after 13 years of development and multiple strategic upgrades, Gate is gradually evolving from a traditional crypto asset trading platform into a comprehensive financial infrastructure connecting digital assets with traditional financial markets. The report notes that as more traditional financial products — including stocks, ETFs, tokenized assets, forex, and metals — enter the digital asset ecosystem, Gate is leveraging its multi-asset product layout and global infrastructure development to further bridge the gap between crypto finance and TradFi. In the interview, Gate Founder and CEO Dr. Han stated that as the industry evolves, digital asset platforms are no longer facing only technical challenges, but also risk management, user protection, and industry regulation.In terms of TradFi integration, Gate has established a multi-layered framework spanning tokenized assets, derivatives, and native stock trading, successively launching products and services such as xStocks, Ondo, Gate TradFi, Pre-IPOs, Direct IPO Access, and Gate Stocks. Among these, Gate Stocks now supports stock trading in the U.S., Hong Kong, and South Korea, significantly lowering the barrier for global users to participate in traditional financial markets. Meanwhile, Gate continues to enhance its 24/7 trading and liquidity infrastructure to meet the cross-market asset allocation needs of users worldwide.The Economist Enterprise also pointed out that as the digital asset market moves further toward institutionalization, compliance, transparency, and infrastructure capabilities are becoming key components of platform competitiveness. Gate continues to advance its compliance framework across multiple global jurisdictions and has provided third-party audits and open-source Proof of Reserves since 2020. In addition, Gate is introducing AI infrastructure into Web3, connecting AI with trading, wallets, and more services through products such as Gate AI, Gate MCP, and GateClaw, driving the platform's evolution from a traditional trading venue into a comprehensive financial infrastructure that connects digital assets, traditional finance, and AI applications.
Strategy holds 840,447 BTC, with reserves valued at approximately $54.56 billion
Odaily News: Strategy holds 840,447 BTC, with reserves valued at approximately $54.56 billion as of August 10. Its cumulative acquisition cost stands at approximately $63.36 billion, with an average purchase price of $75,385 per BTC. The company also holds $4.65 billion in dollar reserves, alongside $6.75 billion in debt and $15.24 billion in preferred stock. On August 15, Michael Saylor stated that Bitcoin is an engineered solution for storing and transferring economic value, with its digital scarcity, proof-of-work mechanism, and private keys forming the foundation of the digital currency system. Proof-of-work raises the difficulty of tampering with the ledger through computational and electricity costs, while private keys allow holders to directly authorize transactions. Strategy has used part of its Bitcoin sale proceeds for capital management. Between August 3 and August 9, the company sold 1,690 BTC, generating net proceeds of $108.6 million, and used the same amount to repurchase 1,152,020 shares of STRC preferred stock. (Bitcoin.com News)
Operations Ceased, SecondFi Wallet Migration Tool Launches August 13, Affected Asset Recovery Portal Expected by September 10
: Cardano ecosystem wallet project SecondFi has announced the launch of a wallet migration tool and revealed a recovery plan for assets affected by the June 2026 security incident. As the project will cease operations, users are required to migrate remaining assets still held in SecondFi wallets. The migration tool is expected to go live on August 13, supporting the transfer of eligible ADA, Cardano native tokens, and NFTs to new Cardano wallets created with service providers of the users' choosing. Currently, the tool only supports Cardano network assets; non-Cardano assets must be transferred separately through corresponding network and wallet processes. SecondFi stated that the migration tool has passed an independent security assessment by security firm Bitdefender. For affected assets, SecondFi plans to launch a recovery portal before September 10, where users can verify wallet ownership via zero-knowledge proofs (ZK Proof) and submit asset claims. SecondFi reminds users to only rely on information published through official channels, including @secondfiapp, @secondfi_jp, and the official support website, to guard against phishing sites and impersonating accounts.
Only about 40 tokens in circulation, Circle Bitcoin tokenized asset cirBTC has launched on Ethereum
cirBTC was officially launched on Ethereum on June 8. Data from its Ethereum contract shows a maximum total supply of approximately 40.02 tokens, with 11 holder addresses in total. Eligible institutional participants can mint and redeem cirBTC through Circle Mint. Currently, Ethereum is the only network where it has been launched, with future support planned for Circle's own blockchain Arc and additional networks. cirBTC is issued by Circle International Bermuda Limited, with the underlying Bitcoin held in custody by Circle National Trust and segregated from Circle's own assets. Reserve data from August 11 shows that cirBTC supply stands at 40.02159077 tokens, with 42.5070808 BTC held in reserves. Circle has publicly disclosed the reserve addresses and balances, and employs Chainlink's Proof of Reserve mechanism to publish verified reserve data on-chain. By comparison, WBTC has a circulating supply of approximately 116,100 tokens with a market cap of about $7.362 billion, while cbBTC has a circulating supply of approximately 97,200 tokens with a market cap of about $6.162 billion. cirBTC has not yet established a trackable market price or market capitalization.