Compiled by: Nona
Fear and Greed Index: 62 (Greed)
Bitcoin Price: $121,474
BTC/ETH Spot ETF Fund Flows (Last Week)
BTC Net Inflow: $246.75 M
ETH Net Inflow: $326.83 M
Regulation/Macro
The High People's Court of Liaoning Province issued a risk warning regarding virtual currency investments.
The High People's Court of Liaoning Province issued a risk warning stating that some illegal organizations are speculating under the guise of 'financial innovation,' 'digital assets,' etc., by issuing so-called 'virtual currencies,' 'virtual assets,' and 'digital assets' to absorb public funds. They induce public participation in trading by exploiting the public's insufficient understanding of stablecoins and related concepts. The court reminds the public to remain highly vigilant.
An Ethereum developer is suspected of being detained in Turkey for allegedly assisting others in 'abusing' Ethereum.
Argentinian Ethereum developer Fede's Intern tweeted that he was detained in Turkey for allegedly assisting others in 'abusing' Ethereum. Fede's Intern stated, 'The Turkish Interior Minister said I helped others abuse Ethereum. I am completely willing to cooperate with Turkish or any country's authorities; we have not helped anyone do anything, but we will also defend ourselves.'
Project/Company Dynamics
Harvard Management Company discloses holding approximately $117 million in BlackRock Bitcoin ETF shares.
Harvard Management Company (HMC) submitted a 13F filing to the U.S. Securities and Exchange Commission (SEC), showing that the company holds approximately $117 million in shares of BlackRock Bitcoin Spot ETF IBIT.
Infini team: If the hacker returns approximately $49.5 million in stolen funds on time, further legal actions will be waived.
The Infini team sent on-chain messages to the attacker again 50 minutes ago, demanding the return of approximately $49.5 million in stolen funds by August 13, 2025, 20:00. Upon return, they can retain all profits as a white-hat bounty. If the hacker returns the funds on time, the team will not take further legal actions and will issue a written statement for leniency.
American convenience store chain Sheetz offers a 50% discount to customers using cryptocurrency for payment.
American convenience store chain Sheetz announced it will offer a 50% discount to customers who use cryptocurrency for payment during specific times each day.
DeepSeek's parent company, Huanfang Quant, is under investigation for involvement in a $118 million commission case.
Recently, quant private equity firm Huanfang Quant (parent company of DeepSeek) has been implicated in a commission case involving amounts as high as $118 million. This case involves Huanfang Quant's market director Li Cheng, spanning six years. Last November, Li Cheng was investigated for broker commissions. Recent investigations show that from 2018 to 2023, Li Cheng allegedly colluded with a certain brokerage department manager to fabricate a broker identity, directing Huanfang Quant's trades to a designated brokerage department, extracting performance bonuses under the brokerage's '40% trading commission' scheme, totaling $118 million over six years. Over 20 million yuan flowed to Li Cheng. Several individuals involved in the case have already been handed over to judicial authorities.
The Singapore Exchange may list cryptocurrency perpetual futures contracts before the end of the year.
The president of the Singapore Exchange stated that the exchange may list cryptocurrency perpetual futures contracts before the end of the year. Meanwhile, cryptocurrency trading is considered unsuitable for retail investors, and related products will mainly target institutional demand.
Ant Group: Reports of collaborating to create a rare earth RMB stablecoin are rumors.
Ant Group stated that it has noticed online claims that 'Ant Group is building the world's first rare earth RMB stablecoin with the People's Bank of China and China Rare Earth Group,' which is intended to lure investors into related sectors. Ant Group has never had such plans with relevant institutions. The public is advised to be cautious and avoid being deceived.
LayerZero Foundation proposes to acquire the Stargate cross-chain bridge and its token STG for $110 million.
LayerZero Foundation proposes to acquire the Stargate cross-chain bridge and its STG token for $110 million. The proposal includes the discontinuation of the STG token, allowing STG holders to exchange their tokens for LayerZero's native token ZRO at a ratio of 1 STG for 0.08634 ZRO, which equates to each STG being worth $0.1675 and each ZRO being worth $1.94. Furthermore, Stargate will be incorporated into the LayerZero Foundation, and its DAO will be dissolved.
HuaJian Medical launches Ethereum Treasury strategy.
HuaJian Medical (stock code 01931) announced that it has officially launched a 'Global Enhanced Ethereum Treasury' strategy with a downside protection mechanism. Based on strategic layout needs, Ethereum will be used as a core reserve asset, aiming to become the leading listed company in the Hong Kong stock market and even globally in terms of Ethereum reserve scale. The group will adopt a 'regular investment' strategy to continuously increase its holdings of Ethereum through self-funding, stable annual distributable profits, replacement of existing inefficient inventory assets, and continuous financing through ATM (At-The-Market) methods.
Deep & Forward-looking
LayerZero proposes to acquire Stargate, rising over 30% in a single day: strategic integration or low-cost land grab? A game between DAO and capital.
From a strategic perspective, the integration of Stargate into LayerZero can indeed bring about the centralization effect of technology, users, and token value. For ZRO holders, this is an almost risk-free benefit: more income, clear buyback logic, and stronger narrative cohesion.
Valuation methods for functional value tokens: A case study of BNB based on monetary programming.
If a country's money growth rate is synchronized with economic growth, it will not lead to inflation, which is the well-known benefit of seigniorage. This means that economic transaction activities require currency function as lubrication. In a stable velocity of currency circulation, the overall value of money will synchronize with the volume of economic transactions.
Viewpoint
The Supreme People's Procuratorate increases scrutiny on cryptocurrency dealers; OTC has become a high-risk activity?
Due to the fact that crypto assets (especially stablecoins like USDT and USDC) operate outside the traditional financial regulatory framework and have low-cost global payment and transaction features, crypto assets have become widely used payment and settlement tools in the 'black and gray industry' sector. We also see many crypto dealers actively or passively serving (even specializing in serving) the black and gray industry, and there is even a trend where downstream crimes are increasingly connected to upstream crimes, resulting in the 'criminalization' of aiding behaviors.
Unveiling the wealth myths in the crypto space, how did they earn their first $10 million?
How did the ten richest figures in the crypto world make their fortunes? Where did their first bucket of gold come from? What exclusive strategies do they have? After reading, remember to take notes, as they are all paths walked by the big players, filled with pitfalls!
