Author: Deep Tide TechFlow
Yesterday's market dynamics.
The number of initial jobless claims in the U.S. records the largest increase in three months, while continuing claims rise to the highest level since 2021.
According to Jin Ten Data, the number of initial jobless claims in the United States recorded the largest increase in nearly three months last week, indicating that layoffs may be increasing, further exacerbating signs of a weakening labor market. The Labor Department stated on Thursday that for the week ending August 16, the seasonally adjusted initial claims for unemployment benefits increased by 11,000 to 235,000, marking the largest increase since the end of May. As businesses respond to Trump's protectionist trade policies, the labor market has shown a 'low layoff, weak hiring' situation. The government reported earlier this month that the average monthly job increase over the past three months was 35,000 positions. The growth rate of domestic demand in the second quarter fell to its slowest since the fourth quarter of 2022. The report showed that for the week ending August 9, the number of continuing claims for unemployment benefits increased by 30,000 to 1.972 million, the highest since November 2021.
U.S. CFTC Acting Chair announces the launch of a new round of cryptocurrency regulatory sprint plans.
According to a statement from the U.S. Commodity Futures Trading Commission (CFTC), Acting Chair Caroline D. Pham announced the start of a new round of cryptocurrency regulatory sprint plans to implement the recommendations in the (Digital Asset Market Presidential Working Group Report). This plan will begin immediate communication with stakeholders.
Pham stated that achieving instant digital asset trading at the federal level is one of the key priorities of the Trump administration. The CFTC's plan for spot crypto trading aligns with the SEC's Project Crypto, responding to President Trump's call.
The CFTC invites all stakeholders to provide feedback on the recommendations involving the CFTC in the report by October 20, with relevant opinions to be published on the CFTC's official website.
The U.S. defense bill will add anti-central bank digital currency provisions.
According to The Block, the U.S. House of Representatives has added anti-central bank digital currency (CBDC) regulatory provisions to the must-pass defense bill.
The provision is named (Anti-CBDC Surveillance National Law), previously proposed by House Majority Whip Tom Emmer as a standalone bill. Earlier this summer, the House passed the bill by a vote of 219 to 210, aiming to prohibit the Federal Reserve from directly issuing central bank digital currency to individuals.
MetaMask will launch the mUSD stablecoin, issued by Stripe's Bridge.
According to The Block, MetaMask officially announces the launch of its first native stablecoin, MetaMask USD (mUSD), planned to go live on the Ethereum and Consensys Linea networks later in 2025. This stablecoin will be issued by Stripe's Bridge platform and minted through the decentralized infrastructure of M0. mUSD will be fully backed 1:1 by U.S. cash and short-term government bonds, featuring real-time transparency and cross-chain compatibility.
Ajay Mittal, Vice President of Product Strategy at MetaMask, stated that this is the first stablecoin launched by a self-custody crypto wallet, which will serve as the default digital dollar unit for the MetaMask ecosystem. Users will be able to deposit, hold, exchange, transfer, and perform cross-chain operations with mUSD within MetaMask, with plans to allow consumption at Mastercard-supported merchants through the MetaMask Card by the end of the year.
According to previous news, insiders indicate that MetaMask may announce the mUSD stablecoin plan this week.
Kanye West X account announces the launch of meme coin YZY.
Famous rapper Kanye West X account tweeted that it has launched a meme coin called 'YZY', and it remains unconfirmed whether the account was hacked.
The website shows that in addition to YZY MONEY, Kanye West has also launched two other associated projects, Ye Pay and YZY Card.
Aave deploys for the first time on the non-EVM blockchain Aptos, advancing its multi-chain strategy.
According to The Block, the decentralized finance lending provider Aave has officially launched on the Aptos blockchain, marking its first deployment on a non-EVM blockchain. The initial launch will support native USDC, USDT, APT, and sUSDe as initial assets. The Aptos Foundation will provide user rewards and liquidity incentives to promote adoption, while integrating Chainlink price feeds to support oracle security markets. Aave founder Stani Kulechov stated that this is an important step in Aave's multi-chain strategy, with operations across different blockchains at the core of building a global open financial system.
Camp Network has opened its token allocation check tool.
According to the official news from the Camp Network Foundation, the CAMP token allocation check tool has been launched, and users must complete registration by 11:59 PM EDT on August 25 to verify eligibility for Camp's first season allocation.
Executives from Tether and Circle will meet with the CEOs of major banks in South Korea.
According to Decrypt, executives from Tether and Circle will meet this week with CEOs from several top financial groups in South Korea, including Shinhan Financial Group CEO Kim Eun-dong and Hana Financial Group CEO Ham Young-joo. The discussions will focus on the potential distribution and use of dollar stablecoins in South Korea, as well as the issuance of won-backed stablecoins.
This meeting comes as South Korea prepares to launch a legal framework for stablecoins in October this year, with differing opinions on stablecoin regulation between the ruling and opposition parties.
Cactus Custody assists OnChain in bringing the China Merchants Bank International Money Market Fund RWA on-chain.
OnChain collaborates with Cactus Custody to tokenize the China Merchants Bank International U.S. Dollar Money Market Fund (RWA) on-chain, providing investors with auditable on-chain investment options. This fund was established on February 2, 2024, and as of July 31, 2025, it ranked first among Bloomberg's Asia-Pacific peers, leading the market with characteristics such as transparency, low volatility, and verifiable net asset values.
This collaboration directly addresses the four major pain points of on-chain wealth management: the lack of custodial audit cash equivalents on-chain, low efficiency in switching funds between banks and on-chain, difficulties in unifying risk control audits across multiple jurisdictions, and dispersed multi-chain liquidity. OnChain provides RWA on-chain technology services, with net value calculated off-chain for regular on-chain updates, shareholding and transfers controlled by whitelist and limits, and optimized redemption experiences through self-developed liquidity mechanisms and contracts. Cactus Custody offers institutional-grade custody services, employing multi-approval, multi-signature mechanisms, and cold-hot storage separation among multiple security measures, along with daily reconciliation and periodic audits, ensuring consistency between accounts and actual assets, strictly isolating on-chain assets from operational funds, and preventing risks from hacking or internal operational errors, thereby providing bank-level investment security for OnChain users and maximizing protection for user assets against on-chain volatility and external threats.
More importantly, this is not just about putting funds on-chain, but also about a replicable RWA template. By running the entire process through a money market fund, it can later be expanded to note pools, short-term debt, and passive products, building a sustainable RWA product line and enriching the on-chain wealth management product ecosystem.
Insiders: Claude's parent company Anthropic is negotiating to raise up to $10 billion in new funding.
According to Jin Ten Data, insiders revealed that Claude's parent company Anthropic is about to finalize an agreement for a new round of financing of up to $10 billion, which is higher than expected and represents one of the largest funding rounds for an AI startup to date.
Insiders say negotiations are ongoing, and the final amount may change. Earlier reports indicated that Anthropic was in deep discussions to raise $5 billion in this funding round, with a valuation of $170 billion. Insiders noted that due to strong investor demand, this amount has significantly increased.
It is reported that investment firm Iconiq Capital will lead this funding round. Insiders revealed that other expected participants include TPG Inc., Lightspeed Venture Partners, Spark Capital, and Menlo Ventures. Anthropic is also in discussions with the Qatar Investment Authority and Singapore's sovereign fund, GIC, about joining this round of negotiations.
Market dynamics.
Recommended reading.
This time, Kanye stands at the forefront of crypto with his $YZY.
This article discusses Kanye West's launch of the YZY token, which has sparked heated discussions and controversies in the crypto market. The YZY token quickly attracted a large number of holding addresses but faced market skepticism due to insider trading and manipulation. The YZY Money official website launched projects related to crypto payments and debit cards, aiming to combat centralized power. However, the token price plummeted in a short period, with market sentiment shifting from enthusiasm to mockery. This incident is seen as Kanye collaborating with the crypto team to profit through his influence.
Gbirb, Moonbirds rise from the ashes.
This article narrates the ups and downs of the Moonbirds NFT project, which has experienced a rise to glory, a downturn, and then a rebirth. After facing leadership controversies, a crisis of community trust, and a market downturn, the project revitalized through the new team Orange Cap Games and the efforts of founder Spencer, showcasing potential for long-term development.
Crypto treasury companies' bubble warning: From 'financial alchemy' to liquidation countdown.
This article discusses the warning signs of a bubble in crypto treasury companies, analyzing the operational mechanisms of Digital Asset Treasuries (DAT) and their potential risks, particularly surrounding Michael Saylor's MicroStrategy's 'financial alchemy' model. It explores how DATs can drive market development through premium trading while analyzing the risks of market collapse when premiums turn into discounts. The article predicts future market trends for DATs, including regulatory intervention, investor lawsuits, and potential bear markets in the crypto space.
Opinion: Will the crypto four-year cycle be restructured? Institutional entry could extend the bull market to 2026.
This article explores whether the four-year cycle model of the crypto market will be restructured due to institutional entry, analyzing different arguments for and against this view, and suggesting a potential continuation until 2026, while providing detailed interpretations of market structure changes, macroeconomic dynamics, and potential risks.
Interpreting Flipr: Making prediction markets go viral on X, every transaction is a tweet.
This article discusses the unique design and developmental potential of the prediction market platform Flipr, emphasizing its innovations in sociality and user experience. Flipr utilizes the X platform (formerly Twitter) as the front-end for trading, combining prediction markets with social interaction to attract more users and lower participation barriers. The article also mentions Flipr's Mindshare Mining campaign and its integration strategies with Kalshi and Polymarket, showcasing its innovative capabilities in the prediction market sector.
