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Important information last night this morning (August 13-August 14)
Ark Invest's multiple funds purchased a total of approximately 2.53 million shares of BLSH, worth about $172 million
According to Ark Invest Daily data, several funds under Cathie Wood's Ark Invest bought Bullish (BLSH) stocks. Among them, ARKK bought 1,714,522 shares, ARKW bought 545,416 shares, and ARKF bought 272,755 shares, totaling 2,532,693 shares purchased. Based on the closing price of $68, the position is worth approximately $172.2 million.
Bain Capital Ventures, the lead investor in Compound, is suspected of selling 349,000 COMP tokens
According to on-chain analyst Yu Jin's monitoring, 9 hours ago, Bain Capital Ventures transferred 349,000 COMP (US$18.85 million) to an institutional business platform. So far, 87,250 COMP (US$4.73 million) have entered Binance, OKX, Bybit, and Gate. Bain Capital Ventures is one of the lead investors in Compound, and these COMP tokens were received from Compound's deployment address 5 years ago.
El Salvador's Bitcoin purchase has an unrealized profit of $66 million, with a yield of 115%
According to Lookonchain monitoring, Bitcoin broke through $124,000, hitting a new all-time high. Since November 18, 2022, El Salvador has bought 1 BTC every day, purchasing 1,000 BTC at an average price of $57,793 (costing $57.29 million, current value $124 million), with an unrealized profit of $66 million (+115%).
BTC hits $124,000, a new all-time high
OKX market data shows that BTC hit $124,000, a new all-time high, and is now quoted at $123,872 per coin.
Bitcoin's market capitalization surpasses Google, rising to the fifth place in global asset market capitalization
According to 8marketcap data, Bitcoin's market capitalization has surpassed Alphabet (Google), reaching $2.459 trillion, rising to the fifth place in the ranking of global mainstream assets.
Mizuho Securities: Circle (CRCL) has a benchmark stock price of $84 and may even fall to $40
According to a report by The Block, equity researchers at Mizuho Securities stated that Circle's stock faces medium-term risks such as slower-than-expected growth of USDC, rising distribution costs, and possible interest rate cuts by the Federal Reserve. Analysts predict that CRCL's benchmark stock price is $84, and the pessimistic forecast suggests that the stock price will eventually be $40 by 2027, which is lower than the closing price of $153.16 on Wednesday, the day after the company released its quarterly earnings report. It is worth noting that Bernstein analysts maintained a target price of $230 for the stock. Analysts believe there may be three reasons for the stock's unexpectedly poor performance: First, the gap between the "dream" and "reality" of USDC in terms of issuance is growing. Although the stablecoin has grown by 6% so far this quarter as interest in cryptocurrencies has increased, this is still lower than the company's expected long-term compound annual growth rate of 40%. Coupled with the continuous growth of issuance costs, "rising from 39% of the reserve pool in 2022 to 61% in 2024... reaching 64% in the second quarter", analysts pointed out that Circle's profit margin seems to be further compressed. With the introduction of the GENIUS Act, increased competition may accelerate this process. Currently, several large institutions have expressed interest in launching or introducing stablecoins, and Circle's biggest competitor, Tether, is formulating plans to return to the US market. Finally, analysts said, "Cooling CPI is good news for the economy, but bad news for CRCL." The US Labor Department reported on Tuesday that the US consumer price index rose 2.7% year-on-year in July, slightly lower than expected, which triggered expectations that the Federal Reserve may cut interest rates.
Google: New Google Play Store rules will not restrict the listing of unregistered non-custodial wallets
According to a report by The Block, there were previous rumors that the Google Play Store plans to ban unregistered non-custodial crypto wallets in multiple countries/regions including the US and the UK starting from October. Google issued a clarifying statement on X, saying it has no intention of restricting non-custodial wallets. "Non-custodial wallets are not subject to Google Play's cryptocurrency exchange and software wallet policies. We are updating the Help Center to clarify this."
Insider: Crypto wallet MetaMask may announce details of stablecoin mUSD this week
According to a report by CoinDesk, insiders revealed that MetaMask is likely to announce details of its US dollar-pegged stablecoin mUSD soon, possibly as early as this week. The stablecoin mUSD was previously disclosed in an early-released governance proposal, which was quickly deleted last week. MetaMask stated that it has more than 30 million monthly active users and is currently issuing its stablecoin with the help of Bridge. Bridge is a company that helps enterprises integrate stablecoin payment channels and was acquired by fintech giant Stripe earlier this year, dedicated to helping enterprises integrate stablecoin payment channels and the stablecoin issuance protocol M^0. The insider said that in addition to close cooperation with Bridge on the mUSD stablecoin, MetaMask is also seeking help from BlackRock, a traditional financial alternative asset management company, to provide custody and fund management services for its tokens.
Coinbase adds Useless Coin (USELESS) to its listing roadmap
According to an official announcement, Coinbase has added Useless Coin (USELESS) to its listing roadmap.
US stock market's three major indices closed higher collectively, with the Nasdaq and S&P 500 indices hitting new all-time closing highs
According to a report by Caixin, the three major US stock indices closed higher collectively. The Dow Jones Industrial Average rose 1.04%, the S&P 500 Index rose 0.32%, and the Nasdaq Composite Index rose 0.14%. Among them, the Nasdaq and S&P 500 indices hit new all-time closing highs. Coinbase (COIN) rose 1.36%; Circle (CRCL) fell 6.16%.
Market news: Canary Trump Coin ETF has been registered in Delaware, USA
According to market news, Canary TRUMP COIN ETF has been registered in Delaware, USA.
Offchain Labs acquires smart account development team ZeroDev
According to Offchain Labs, the company has acquired the smart account development team ZeroDev. ZeroDev currently supports more than 5 million smart accounts, covering more than 30 chains, and provides tools for multiple crypto projects including ApeCoin, Conduit, and Crossmint. This acquisition aims to meet the growing demand for on-chain infrastructure, promote the on-chain transformation of large institutions and consumer applications, and collaborate with the previously launched universal intent engine to achieve fast cross-chain transactions and a seamless user experience.
GMX completes approximately $44 million compensation plan to address V1 vulnerability issues
GMX announced that it has completed an approximately $44 million compensation plan for the impact of the GMX V1 vulnerability, distributing GLV tokens to affected Arbitrum GLP holders, including GLV [BTC-USDC] and GLV [WETH-USDC]. The token composition is approximately 25% Bitcoin, 25% Ethereum, and 50% stablecoins. The compensation includes $2 million from DAO treasury support and $500,000 in GLV holding rewards. Users can apply for compensation through the GMX dApp, and those holding GLV for at least 3 months can receive retention rewards. The GLP redemption function is expected to open in 10 days, and the remaining GLP can be sold normally. The vulnerability was discovered on July 9, and the anonymous attacker accepted a $5 million vulnerability bounty and returned the funds. GMX V2 was not affected.
AI project Sapien will conduct TGE on August 20, with 5% to be airdropped to early contributors
The Sapien Foundation announced that it will hold the SAPIEN token generation event (TGE) on August 20 to issue and distribute tokens for the first time. The token is built on Coinbase's Layer-2 blockchain Base and will support a decentralized data minting platform to provide high-quality data support for AI. The event adopts a fair issuance model, with an initial unlock of 25% of the total supply, and 5% of the tokens will be airdropped to early contributors. Members of the CookieDAO community will receive 0.5% allocation. It is reported that AI data collection startup Sapien announced last year that it had completed a $10.5 million seed round of financing, led by venture capital firm Variant, with participation from Primitive Ventures, Animoca, Yield Game Guild, HF0, and angel investors such as YGG founder Gabby Dizon and SoftBank Vision Fund alumnus Kevin Jiang. Earlier, on July 18, it was reported that the AI project Sapien established a foundation and revealed the name of its native token $SAPIEN.
Binance CSO: North Korean hackers disguise themselves as applicants every day, using AI technologies such as voice changers and synthetic videos to fake identities
Binance CSO (Chief Security Officer) Jimmy Su revealed that North Korean hackers disguise themselves as job seekers every day in an attempt to infiltrate the company, becoming one of the biggest threats to the crypto industry, especially the Lazarus Group related to North Korea. According to statistics, North Korean hackers stole $1.34 billion last year and have stolen $1.6 billion this year. Hackers use AI technology to fake identities, gain trust through voice changers and deep fake videos, and also attack employees' devices by contaminating public code repositories and counterfeiting recruitment links. Binance discards suspicious resumes every day, which usually use specific templates, and applicants often use Japanese or Chinese surnames. With the development of AI technology, these hackers can now disguise themselves as developers from Europe or the Middle East and use voice changers and deep fake technology in video interviews. However, their internet connections are usually slow, which is a major clue for identification. In addition, Binance monitors the behavior of existing employees, such as working hours and output. If employees show signs of working non-stop, it may indicate that they are members of the Lazarus Group. North Korean hackers also attack the crypto industry by contaminating public code repositories or forging job offers. Su emphasized that these attack methods are becoming increasingly sophisticated and pose a significant threat to the industry.
Shrapnel developer completes $19.5 million financing, led by Gala Games
Seattle game studio Neon Machine announced the completion of $19.5 million in financing. The latest round was led by Gala Games, with participation from Griffin Gaming Partners and Polychain Capital. The funds will be used to support the global release of its award-winning FPS game Shrapnel and plans for the Chinese market, where closed beta testing will start in 2025 and open beta testing in early 2026. Earlier, it was reported that Neon Machine, the developer of the crypto shooting game "Shrapnel", was exposed to be in a financial crisis.
Sign Foundation completes the first $12 million $SIGN repurchase
The Sign Foundation announced that it has successfully completed a $12 million repurchase of $SIGN tokens, with $8 million purchased through the open market, obtaining a total of 117 million $SIGN; the other $4 million was settled through private agreements. The repurchased tokens will be used to promote cooperation with listed companies, support the launch of new platforms, and expand the Orange Dynasty project.
ZachXBT: North Korean IT personnel exposed to control over 30 fake identities, involved in $680,000 attack
According to ZachXBT, a source hacked into the devices of North Korean IT personnel and found that their small team obtained developer positions through more than 30 fake identities, purchased Upwork and LinkedIn accounts using government IDs, and carried out work through AnyDesk. Relevant data includes Google Drive exports, Chrome profiles, and screenshots. The wallet address 0x78e1 is closely related to the $680,000 attack on the Favrr platform in June 2025, and more North Korean IT personnel have been identified. The team uses Google products to arrange tasks and purchases SSNs, AI subscriptions, and VPNs. Some browsing records show frequent use of Google Translate to translate Korean, with IP addresses in Russia. The negligence of recruiters and the lack of collaboration between services have become major challenges in combating such behaviors.
Trump considers 11 candidates to succeed as Federal Reserve Chair, including David Zervos and Rick Rieder
According to sources, US President Trump is evaluating 11 candidates to replace Federal Reserve Chair Powell, whose term will end in May 2025. New nominees include Jefferies Chief Market Strategist David Zervos, former Federal Reserve Governor Larry Lindsey, and BlackRock Global Chief Fixed Income Investment Officer Rick Rieder, as well as current Federal Reserve officials such as Bowman, Waller, and Jefferson. Treasury Secretary Scott Bessent will be responsible for interviewing and screening the final list. Officials stated that the decision time has not been determined, but the process is expected to take a long time.
Listed company GameSquare plans to purchase $2.5 million Animecoin ($ANIME) within a year
NASDAQ-listed media and entertainment company GameSquare (stock code: GAME) announced a strategic cooperation agreement with the Animecoin Foundation, which will purchase $2.5 million worth of Animecoin ($ANIME) within a year and become the designated agency of Animecoin. This cooperation aims to expand GameSquare's Web3 layout, add high-potential digital assets to its crypto treasury, and promote the influence of Animecoin in the global game and anime markets. GameSquare will also cooperate with Azuki to develop physical and digital products and display the Animecoin brand through FaZe Esports.
LIXTE Biotechnology plans to invest 25% of its treasury in cryptocurrencies such as Bitcoin
According to biopharmaceutical company LIXTE Biotechnology Holdings, the company's board of directors has approved a strategic capital allocation plan, which will use up to 25% of the corporate treasury to invest in cryptocurrencies, including Bitcoin and other digital assets. The specific transaction scale and time will be determined based on market conditions and strategic considerations.
US Treasury Secretary Bessent: The Federal Reserve may cut interest rates by 50 basis points in September, and interest rates should be reduced by 150-175 basis points
US Treasury Secretary Bessent stated that the Federal Reserve's interest rate policy is tight, and interest rates should be reduced by 150 to 175 basis points. He believes that a series of interest rate cuts may be carried out, possibly starting with a 50-basis-point cut in September. Bessent is optimistic about the Federal Reserve's September meeting and pointed out that if the data is accurate, the Federal Reserve may cut interest rates earlier. He also observed that corporate profit margins are returning to pre-COVID-19 normal levels.
Standard Chartered raises Ethereum's year-end target price to $7,500, expecting to break through the all-time high of $4,866 in Q3
According to a report by The Block, Standard Chartered analysts have significantly raised Ethereum's year-end price target to $7,500, a significant increase from the previous $4,000, and expect it to reach $12,000 by the end of 2026, $18,000 by the end of 2027, and remain at $25,000 from 2028 to 2029. Analysts pointed out that Ethereum's investment attractiveness has significantly increased, with active buying by corporate financial departments and institutional investors, demand for spot ETFs, new US stablecoin rules, and the advancement of the technical roadmap all providing support for its price increase. Standard Chartered expects Ethereum to break through the all-time high of $4,866 in the third quarter of 2025. In addition, Standard Chartered analysts maintained long-term optimistic expectations for Bitcoin in the latest report, predicting that its price will reach $200,000 by the end of 2025 and further rise to $500,000 from 2028 to 2029.
A suspected HashKey Capital address transferred 7,300 ETH to Binance 50 minutes ago, worth about $33.86 million
According to Yu Jin's monitoring, a suspected HashKey Capital address transferred another 7,300 Ethereum (ETH) to Binance within 50 minutes, worth about $33.86 million. Since July 28, the address has transferred a total of 31,300 ETH to Binance, OKX, and Galaxy Digital, with a total value of about $124 million and an average price of $3,966.
Binance Wallet will launch Reveel (REVA) pre-issuance and airdrop activities on August 14
Binance Wallet will hold the Reveel (REVA) pre-issuance activity (Pre-TGE) from 19:00 to 21:00 Beijing time on August 14. Users can order REVA tokens through the over-subscription model, with each person able to deposit a maximum of 3 BNB. Token allocation is calculated based on the proportion of the total deposits of all participants. The activity will raise $200,000, with a total of 20 million REVA tokens sold, accounting for 2% of the total supply, and the token price is $0.01 equivalent to BNB. The subscribed REVA tokens will have a lock-up period, and the specific circulation time will be determined by the project team. In addition, the Booster plan will airdrop an additional 40 million REVA, and users can participate by completing tasks.
Possibly affected by the upcoming launch of Binance contracts, both AIO and XNY rose by more than 20% in a short period
According to Binance Alpha, possibly driven by the upcoming launch of Binance contracts, AIO rose 25.78% in a short time, currently quoted at $0.0919; XNY rose 20.16% in a short time, with the current price at $0.0172. Earlier news stated that Binance added AIOUSDT and XNYUSDT perpetual contracts.
An unknown wallet newly minted 100 million USDC on the Algorand network
According to Whale Alert monitoring, at 17:06 Beijing time, an unknown wallet on the Algorand network newly minted 100,000,000 USDC, worth approximately $99,985,200.
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