Compiled by: Nona
Fear of Greed Index: 60 (greed)
Bitcoin Price: $118,564
BTC/ETH Spot ETF Fund Flows (August 11th)
BTC net inflow: $178.15M
ETH net inflow: $1.02 B
Regulatory/Macro
El Salvador's government has purchased 1 Bitcoin per day for 1,000 consecutive days
The Salvadoran government has purchased one Bitcoin every day for 1,000 consecutive days. On-chain data shows that the Salvadoran government currently holds a total of 6,266.18 Bitcoins, worth approximately US$743.3 million.
Project/Company News
Hong Kong-listed Fosun International plans to apply for a Hong Kong stablecoin license
Fosun International, a Hong Kong-listed company, has formed a team to apply for a Hong Kong stablecoin license. Founder Guo Guangchang personally led the team to meet with Hong Kong Chief Executive John Lee and Financial Secretary Paul Chan on August 6th. The Financial Secretary is the direct supervisor of the Hong Kong Monetary Authority, the regulator for approving stablecoin licenses in Hong Kong.
The Uniswap Foundation proposes to establish a legal entity DUNI that complies with the Wyoming DUNA framework.
The Uniswap Foundation has proposed establishing a new legal entity, DUNI, using Wyoming's Decentralized Unincorporated Nonprofit Organization (DUNA) framework. The proposal would allocate $16.5 million in UNI to the new entity to cover past tax and legal defense costs. The new entity would not alter the Uniswap protocol, token, or governance structure, and fee revenue would not be directly distributed to UNI holders. The Uniswap Foundation stated that adopting the DUNA framework would pave the way for Uniswap to initiate protocol fees, shifting a small portion of limited partner fees to the DAO treasury.
Fundamental Global, a US-listed company, purchased 47,300 Ethereum at an average price of $4,228.
FG Nexus, the digital asset arm of US-listed Fundamental Global Inc., purchased 47,331 ether (ETH) at an average price of $4,228.40, valued at approximately $200 million. In addition to the acquisition, the company also announced a change in its ticker symbol from FGF to FGNX.
Bitcoin mining company MARA acquires 64% stake in French data company Exaion for $168 million, according to insider information.
Bitcoin mining company MARA plans to acquire a 64% stake in French data company Exaion for $168 million, becoming a majority shareholder. MARA may also invest an additional $127 million to increase its stake to 75%, while EDF will remain a minority shareholder. Exaion specializes in data center construction and cloud and AI infrastructure. This move marks MARA's expansion into AI inference and accelerates its Bitcoin strategy. In the second quarter of this year, MARA's adjusted EBITDA increased by over 1,000% year-over-year to $808 million.
Ledger CTO: Monero, a public privacy blockchain, is suspected of suffering a 51% attack
Ledger CTO Charles Guillemet tweeted, "Monero appears to be undergoing a successful 51% attack. The privacy-focused blockchain, launched in 2014, has long been a target of attack by governments and three-letter organizations and is currently banned from most major centralized exchanges. The Qubic mining pool has been accumulating hash power for months and now controls the majority of the Monero network's hash power. This morning, a major blockchain reorganization was detected. With its current dominance, Qubic can rewrite the blockchain, enabling double spends and censoring any transaction."
Depth & Outlook
Exclusive Interview with EX.IO Co-founder Wu Chen: Hong Kong's Web3 Compliance Track: Give Regulators More Love
With his cross-border experience in traditional finance and Web 3, Wu Chen led EX.IO to find breakthroughs in the strict regulatory environment, especially innovative practices in the RWA market, providing an efficient path for traditional funds to enter Web 3.
Decoding Hong Kong’s Anti-Money Laundering Blueprint: The Compliance Revolution of Stablecoins
The Financial Action Task Force (FATF), the world's leading anti-money laundering standard-setter, has long warned of the systemic risks posed by direct peer-to-peer transactions conducted through "non-custodial" or self-hosted wallets. Because these transactions bypass regulated virtual asset service providers (VASPs), they evade traditional know-your-customer (KYC) controls and the Travel Rule, which requires information identifying the sender and recipient to accompany every transaction.
Viewpoint
9 trillion pension funds "rush" into the crypto market. Is the bull market far behind?
The rise in ETH comes from the real money of institutions rather than the crypto market's own funds. In the current context of insufficient liquidity, institutions are more cautious in their investment targets and prefer currencies with controllable risks. The impact of this is that it is difficult for funds to overflow into the altcoin market. In other words, the capital-driven rise of Ethereum is difficult to be transmitted to altcoins.
Methodology for Finding Alpha and Beta in the New Crypto Market
Everyone is shouting that the bull market is coming, but do you know that the methodology for finding market Alpha and Beta in this wave is completely different.
