LyonEmpire

On August 10, The Block reported that Bo Hines, Executive Director of the U.S. "President's Digital Asset Advisory Council" (also known as the "Cryptocurrency Council"), will resign from his position and return to the private sector. Hines subsequently confirmed the news on the X platform, stating, "As I return to the private sector, I look forward to continuing to support the thriving crypto ecosystem in the United States." According to Terrett, who hosts the Crypto in America podcast, Hines' deputy, Patrick Witt, is expected to take over his position. Terrett stated that Hines will continue to serve as an advisor, assisting White House artificial intelligence and cryptocurrency director David Sacks with artificial intelligence-related programs. Hines was appointed to the position by Trump in December 2024. He told The Block in April of this year that he had met with more than 150 people in the crypto industry in just three months since taking office.#USFedNewChair
$BTC

August 8th, according to Eleanor Terrett, the confirmation process for Brian Quintenz, the nominee for Chairman of the U.S. Commodity Futures Trading Commission (CFTC), has encountered resistance. Internal emails obtained under the Freedom of Information Act reveal that Quintenz may have accessed confidential CFTC information while serving as a director of the prediction market platform Kalshi, raising ethical concerns. The White House has requested the Senate Agriculture Committee to postpone the scheduled nomination vote.#特朗普加密新政 $ETH

PANews reported on August 7 that according to Jinshi, US President Trump posted on social media: "Reciprocal tariffs will take effect at midnight tonight (12:00 Beijing time)! Billions of dollars will begin to flow into the United States, mainly from countries that have taken advantage of the United States for many years. The only thing that can stop America from being great is a radical left-wing court that wants to see our country fail!"#stable-traders

In an interview with CNBC on Tuesday, US President Donald Trump said that tariffs planned to be imposed on imported drugs could eventually be raised to 250%, which is the highest tariff rate he has threatened to implement so far. Trump said he would first impose "small tariffs" on drugs, and then gradually increase them to 150% or even 250% in one to a maximum of one and a half years. However, Trump has repeatedly wavered on tariff policies in the past, so whether the 250% tax rate can be implemented is still uncertain. In early July of this year, Trump threatened to impose a 200% tariff on drugs. The proposed tariffs would wreak havoc on the pharmaceutical industry, which warns that such tariffs would drive up costs, curb investment in the US and disrupt drug supply chains, ultimately endangering patient medication safety.#TrumpTarrif $BTC

Trump to Announce New Head of the Bureau of Labor Statistics and a Candidate for the Federal Reserve Board of Governors in the Coming Days. By TechFlow

Yesterday's Market Dynamics
Trump: To Announce New Head of the Bureau of Labor Statistics and a Candidate for the Federal Reserve Board of Governors in the Coming Days
According to Jinshi Data, U.S. President Trump stated that he will announce a candidate to fill the vacant Federal Reserve Board of Governors position in the coming days and a new head of the Bureau of Labor Statistics in the next three to four days.
Note: Federal Reserve Governor Kugler announced that she would resign on August 8. In a letter to Trump, Kugler, 55, did not state the reason for her resignation, only that she would return to Georgetown University as a professor in the fall. She did not attend last week's Federal Reserve FOMC meeting, and officials said her absence was due to personal matters.
U.S. Trade Representative: #Tariffs Policy Is Basically Fixed

According to Jinshi, U.S. Trade Representative Greer said on August 3 local time that the new round of tariffs imposed by U.S. President Trump on various countries last week is "basically fixed" and will not be adjusted in the current negotiations, including a 35% tariff on goods imported from Canada, a 50% tariff on Brazil, a 25% tariff on India, and a 39% tariff on Switzerland. Greer said that some tariffs are set according to bilateral trade surpluses and deficits, and "these rates are basically fixed."

Sci-Tech Innovation Board Daily: Hong Kong RWA Registration Platform to Launch on August 7

According to the Sci-Tech Innovation Board Daily, the Hong Kong RWA registration platform will be launched on August 7, initiated by the Hong Kong Web3.0 Standardization Association, which will open up the entire process service system of dataization, assetization, and financialization of RWA asset tokenization.

Sam Altman: New Model to Be Released in the Coming Months, but There May Be a Capacity "Crisis" During This Time

ChatGPT founder Sam Altman posted on the X platform that new models, new products, and new features may be launched in the coming months, but there may be some minor problems and capacity crises during this period. Although it may be a bit unstable, the market should be able to accept the up
coming new products.
Linea Chain DEX Etherex Announces Launch of Native Token REX on August 6

According to the official announcement, Linea chain decentralized exchange Etherex announced that it will launch its native token REX on August 6.

Bitcoin Restaking Platform SatLayer Airdrop Registration Announced

Bitcoin restaking platform SatLayer announced on the X platform that airdrop registration SlayDrop is now open, with a deadline of 9:00 PM Beijing time on August 9.

Prior to this, SatLayer completed an $8.00M Pre-Seed round of financing, led by Hack VC and Castle Island Ventures.

Towns Protocol Announces Token Economics: 57% of Tokens for Airdrops, Grants, and Other Community Programs

Communication platform Towns Protocol announced token economics: The total amount of TOWNS tokens is 10.00B, and more than 10% of the tokens will be airdropped to early users, partners, and publishing collaborators on August 5.

Justin Sun Returns to Earth on Blue Origin Spaceship, Lasting 10 Minutes and 14 Seconds

According to Blue Origin's official live broadcast, TRON founder Justin Sun took the New Shepard spacecraft to complete a space journey, and the crew capsule landed smoothly, lasting 10 minutes and 14 seconds.

Arkham: LuBian Mining Pool Was Stolen 127,000 $BTC in 2020, and Hackers Still Control Assets

According to Arkham, LuBian, a mining pool that was once among the top ten in the world, suffered a major security incident in December 2020, with a total of 127,426 $BTC stolen, worth $14.50B at the current price, making it the largest Bitcoin theft in history.

Arkham said that LuBian was a Chinese mining pool that had mines in China and Iran. In May 2020, it controlled nearly 6% of the entire network's computing power on the Bitcoin network, and had significant industry influence. The attack occurred on December 28, 2020. The attacker was suspected of using a vulnerability in its private key generation algorithm to successfully steal more than 90% of its holdings through brute force cracking. The next day (December 29), the hacker transferred some of the $BTC again, amounting to $6.00M.

In addition, LuBian tried to plead with the hacker through on-chain OP_RETURN information, requesting the return of the stolen assets. The official sent a total of 1,516 transactions with messages, consuming a total of 1.4 $BTC, further confirming that the incident was not a fake act.

Currently, LuBian still retains 11,886 $BTC (approximately $1.35B), and the hacker's last on-chain behavior was an address consolidation in July 2024. As of the date of disclosure, the hacker still controls the stolen $BTC, and the identity is unknown. The scale of its holdings has ranked 13th among the world's largest $BTC holders, even surpassing the Mt.Gox hacker address.

Trump Media & Technology Group Releases Q2 Financial Report: Financial Assets Reach $3.10B, a Year-on-Year Increase of Approximately 800%

According to Globenewswire, Nasdaq-listed Trump Media & Technology Group Corp. (DJT) released its financial results report for the period ended June 30, 2025, which disclosed:
1. As of the second quarter of this year, the scale of financial assets reached approximately $3.10B, including cash, cash equivalents, restricted cash, trading securities, and short-term investments, a year-on-year increase of approximately 800%. The biggest factor in the increase was that the company raised nearly $2.40B for its Bitcoin funding strategy and accumulated approximately $2.00B in Bitcoin and Bitcoin-related securities in July of this year, making it one of the largest listed companies in terms of Bitcoin funding scale.
2. The company achieved positive operating cash flow for the first time in the second quarter, with total cash flow from operating activities reaching $2.30M, but net losses reached $20.00M.
3. The Truth+ program launched a rewards program and embedded utility tokens in the digital wallet. The tokens can initially be used to pay for Truth+ subscriptions and then for other products and services in the Truth ecosystem.
4. Multiple ETFs have submitted registration statements, including the Truth Social Crypto Blue Chip ETF, the Truth Social Bitcoin and Ethereum ETF, and the Truth Social Bitcoin ETF.

$ENA, $IMX, $MOVE and Other Tokens Will Usher in Large-Amount Token Unlock This Week, with a Total Value of Over $120.00M

Token Unlocks data shows that $ENA, $IMX, $MOVE and other tokens will usher in large-amount token unlock this week, with a total value of over $120.00M:

- $ENA will unlock 171.88M tokens on August 5, worth approximately $102.25M, accounting for 2.70% of the circulating supply;
- $IMX will unlock 24.52M tokens on August 8, worth approximately $12.27M, accounting for 1.30% of the circulating supply;
- $MOVE will unlock 50.00M tokens on August 9, worth approximately $6.44M, accounting for 1.89% of the circulating supply;
- $IOTA will unlock 15.16M tokens on August 6, worth approximately $2.79M, accounting for 0.39% of the circulating supply;
- $SXT will unlock 24.64M tokens on August 8, worth approximately $2.16M;
- $MAVIA will unlock 11.89M tokens on August 6, worth approximately $1.96M, accounting for 23.03% of the circulating supply;
- $SPEC will unlock 3.62M tokens on August 5, worth approximately $1.86M, accounting for 17.57% of the circulating supply;
- $RENDER will unlock 492.13K tokens on August 10, worth approximately $1.76M, accounting for 0.09% of the circulating supply;
- $AXS will unlock 652.50K tokens on August 10, worth approximately $1.47M, accounting for 0.39% of the circulating supply;
- $EIGEN will unlock 1.29M tokens on August 5, worth approximately $1.43M, accounting for 0.40% of the circulating supply;
- $RESOLV will unlock 7.60M tokens on August 10, worth approximately $1.36M, accounting for 2.72% of the circulating supply. #NewsAboutCrypto

XRP has surged above $3.00, hitting a six-month high with a 27% weekly gain! This impressive rally appears driven by:

1. **Improved Regulatory Environment**
* The end of SEC's enforcement action against Ripple Labs has removed major headwinds
* Trump's crypto-supportive stance continues to boost investor confidence

2. **Tokenization Potential**
* XRP Ledger's built-in compliance features make it attractive for financial institutions looking to tokenize real-world assets
* The introduction of smart contracts and Ethereum-compatible sidechains enhances adoption potential

3. **Market Momentum**
* Recent price action shows strong upward momentum, similar to patterns seen after the election
* Standard Chartered predicts XRP could reach $5.50 by year-end

4. **Strategic Partnerships**
* Ripple's work with BNY Mellon on stablecoin reserves demonstrates growing institutional acceptance

Want to ride this wave? BingX offers seamless XRP trading with competitive fees and advanced charting tools to help you make informed decisions! 📈
The information above is searched and summarized by AI, and does not constitute investment advice.
$XRP