Selected News
1. The SEC and Ripple officially end their 4-year legal battle, maintaining the first-instance ruling.
2. Trump announces the nomination of 'crypto-friendly' official Stephen Miran as Federal Reserve Governor.
3. In the past 24 hours, the total liquidation across the network reached 374 million USD, with a major focus on short positions.
4. Bitcoin broke through 117,000 USD this morning, and Ethereum surpassed 3,900 USD.
5. OpenAI launches the GPT-5 model for programming and writing.
Articles & Threads
1. (Who guided Chinese billionaire CZ’s listing?)
In the crypto world, the loudest sounds are not the noisy trades, but the connections that can quietly pocket 9 billion USD. In July 2025, 80,000 Bitcoin that had been dormant for 14 years suddenly moved; this is one of the largest nominal Bitcoin transactions in history. Such a massive transfer should have triggered a 30% market drop, but in reality—there was no significant flash crash, no panic; this batch of Bitcoin was quietly absorbed by the market. The 9 billion USD worth of chips was 'silently' consumed by the market. The operator was neither an exchange nor a hedge fund, but a relatively obscure Wall Street player: Galaxy Digital.
2. (Why is he the most popular candidate for Chair of the Federal Reserve?)
At the beginning of August, the already turbulent personnel changes at the Federal Reserve accelerated suddenly—Governor Adriana Kugler unexpectedly resigned, and the head of the Bureau of Labor Statistics was personally dismissed by Trump on the day non-farm data was released. Just as the market had not fully digested the personnel shocks, the White House has clearly stated: 'A decision on the Federal Reserve Chair will be made this weekend.' Reports indicate that President Trump has officially launched the interview process for the next Federal Reserve Chair, with three core candidates currently identified: Kevin Hassett, Kevin Warsh, and current Federal Reserve Governor Christopher Waller.
Market Data
Daily overall market capital inflow (reflected by funding rates) and token unlocks.
Data Sources: Coinglass, TokenUnlocks
Funding Rate
Token Unlocks
None
