1. For the week ending August 16, the number of initial jobless claims in the United States was 235,000, expected to be 225,000.
For the week ending August 16, the number of initial jobless claims in the United States was 235,000, expected to be 225,000, and the previous value was 224,000. The number of initial jobless claims rose by the largest margin in nearly three months, indicating that layoffs may be increasing, further exacerbating signs of a weakening labor market. The Labor Department stated that for the week ending August 16, the seasonally adjusted number of initial jobless claims increased by 11,000 to 235,000, marking the largest increase since the end of May.
2. Kanye West announces the launch of meme coin YZY on Solana
Famous rapper Kanye West released a tweet and video announcing the launch of a meme coin called 'YZY' on the Solana blockchain. GMGN data shows that the token reached a market cap of $2.04 billion after being issued, but has now fallen back to around $1 billion. In addition to the YZY token, its official website also introduced a crypto payment processor YE Pay and a debit card tool YZY Card. Coinbase executive Conor Grogan tweeted that at least 94% of YZY tokens are held by insiders; 87% of the tokens are held by a single multi-signature wallet (which has now been diversified into multiple wallets); over 3% of the tokens were purchased by multiple (pre-prepared) wallets through single large transactions at market opening; and over 7% of the tokens are in liquidity pools.
3. Windtree Therapeutics will be delisted from Nasdaq for failing to meet minimum bid price maintenance standards.
The company 'BNB Microstrategy' Windtree Therapeutics received a notice from Nasdaq on August 19, 2025, that its common stock will be delisted from Nasdaq Capital Market and transferred to OTC market trading due to not meeting the minimum bid price maintenance standard (Rule 5550(a)(2)). Previously, the company announced plans to raise up to $520 million through equity financing, 99% of which will be used to purchase BNB.
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4. Reuters: Wealthy families in Asia are increasing their investments in cryptocurrencies, with allocations potentially reaching 5% of their portfolios.
According to Reuters, wealthy families and family offices in Asia are increasing their investments in cryptocurrencies, driven by bullish sentiment towards digital assets, increasing mainstream applications, and favorable regulations emerging in key markets, especially the US and Hong Kong. UBS stated that some overseas Chinese family offices plan to raise their cryptocurrency exposure to about 5% of their portfolios. Wealth management professionals noted that the mindset of Asian clients has shifted from 'only wanting to allocate a small amount' a few years ago to 'an essential part of the portfolio' and exploring various tools to optimize returns.
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5. Worker’s Daily: Abnormal trading of virtual currencies may involve crimes
According to the Worker’s Daily, the Beijing Second Intermediate People's Court recently tried a case in which virtual currency transactions were used to conceal and disguise the proceeds of crime. The defendant Liu was aware that the funds were obtained through fraud but still sold USDT for 200,000 yuan in cash to He, assisting in the transfer of the illicit funds. The court sentenced him for concealing and disguising the proceeds of crime, imposing a prison term of 3 years and 6 months, and a fine of 40,000 yuan. The court warned that participating in the transfer of virtual currencies or funds with unclear origins would face severe penalties.
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