1. Trending Tokens on Centralized Exchanges
Top 10 CEX Trading Volumes and 24-Hour Changes:
- BTC: -1.79%
- ETH: -2.48%
- XRP: -2.28%
- SOL: -1.16%
- BNB: -0.96%
- TRX: 0.12%
- DOGE: -0.03%
- LINK: 2.39%
- ZEC: -3.84%
- ADA: -3.24%
Top Gainers in 24 Hours (Source: OKX):
- LSK: 13.74%
- GODS: 11.36%
- LUNA: 10.16%
- ASP: 10.15%
- xUSAR: 7.83%
- CSPR: 7.26%
- LQTY: 7.16%
- DGB: 6.90%
- BABYDOGE: 6.65%
- FLOW: 6.56%
Leading Crypto & Equity Gainers in 24 Hours (Source: msx.com):
- VELO: 26.1%
- CRWV: 18.52%
- SIDU: 13.3%
- NBIS: 13.25%
- NCLD: 12.56%
- BWET: 11.46%
- AEHR: 10.83%
- ONTO: 10.16%
- DXYZ: 10.06%
- SKUU: 9.68%
2. Top 5 On-chain Meme Tokens (Source: GMGN):
- BOT
- Mario64
- Plumber
- ORANGE
- Lenny
Headlines
The U.S. Securities and Exchange Commission (SEC) is set to hold a public meeting on August 14 to discuss a proposed regulatory framework, referred to as “Regulation Crypto,” which would enable specific crypto projects to raise funds without completing the extensive securities registration process. If public feedback is sought, this would represent the SEC’s first comprehensive regulatory effort targeting the crypto sector. The proposal suggests an exit route from SEC oversight: developers could withdraw from active project management post-fundraising, and if the project is sufficiently decentralized, it may no longer be under SEC jurisdiction. SEC Chair Paul Atkins has previously mentioned a potential exemption period of up to four years; however, specific fundraising thresholds were not detailed. The Senate did not advance the Digital Asset Market Clarity Act prior to its August break, and the final regulations are expected to take several months to finalize, with the meeting scheduled at 10:00 AM ET on August 14.
Judge Vernon D. Oliver of the Connecticut District Court has rejected Kalshi’s motion for a preliminary injunction, determining that its sports event contracts do not qualify as swaps under the Commodity Exchange Act, thus the CFTC does not possess exclusive jurisdiction over them.
In his ruling, Oliver highlighted that contracts related to sports events comprise 80% to 90% of Kalshi’s listed contracts and revenue, noting that the CFTC has not assessed these contracts under the relevant regulatory provisions. The judge clarified that the outcomes of matches should be regarded as event outcomes rather than distinct events.
Industry Updates
CFTC Instructs Kalshi to Maintain Operations in New York Following Lawsuit from State AG
The U.S. Commodity Futures Trading Commission (CFTC) has instructed prediction market operator Kalshi to continue its services in New York. This follows a lawsuit initiated by New York Attorney General Letitia James in late July aimed at shutting down Kalshi’s platform.
In response to Kalshi’s request for assistance, the CFTC activated its “emergency powers” to ensure that the company persists in its operational activities.
Bitwise Reduces Workforce by 14%, Managing Approximately $9 Billion in Assets
Bitwise Asset Management, a digital asset management firm, has cut its staff from about 180 to approximately 155, a reduction of nearly 14%. The decision is attributed to ongoing low valuations in the digital asset market. CEO Hunter Horsley indicated that the workforce remains the largest in the firm’s history despite the layoffs, and he envisions growth as cryptocurrencies increasingly integrate into the global economic landscape.
Bitwise oversees more than 70 products, including ETFs, private funds, and managed accounts. Its Bitcoin ETF contains roughly $2.3 billion, contributing to a total managed asset value of about $9 billion.
Bitcoin News has reported that a recent analysis from @KLoaec indicates that certain vulnerable COLDCARD Mk3 wallets can be derived from only around 4.5 million random number generator starting states, which can be searched in approximately 3 seconds using a single RTX 4090 GPU. An attacker could finish this search in about 50 minutes on a high-end GPU. This vulnerability poses a serious risk, as it could lead to multiple devices generating the same seed phrases.
Project News
Daily Active Users Reach Record Level; Hyperliquid’s Weekly Average DAU Hits 96,030
According to HyperliquidNews, Hyperliquid has achieved an average of 96,030 daily active users in the past week.
All-Time Record: Robinhood Chain Processes 11.6 Million Daily Transactions Last Week
Robinhood Chain has reached an average of 11.6 million daily transactions, marking a record high and increasing nearly 30% from the previous week. The total value locked rose to $473 million, a rise of 32% from the prior week. Daily active accounts experienced a 3.3% growth but still remain 11% below the peak registered on July 16. Among on-chain stablecoins, USDe reached $253 million, making up roughly 43% of all on-chain stablecoins, significantly up from $17 million a month ago, where Robinhood’s native USDG had previously dominated.
Prediction Market Platform Kalshi Surpasses $4 Billion in Annual Revenue
Kalshi, the prediction market platform, has surpassed $4 billion in annual revenue and is pursuing a valuation of $40 billion.
Tether-Backed 21 Capital Reports $410 Million Loss in Q2, Affected by Falling Bitcoin Values
Twenty One Capital (NYSE: XXI), a company holding Bitcoin treasury, disclosed its Q2 2026 financial results, showing a net loss of $413.5 million due to declining Bitcoin values.
The financial report indicates that approximately $401.5 million of that loss is attributed to the decreasing book value of its Bitcoin assets. Given that Bitcoin is central to the company’s asset allocation, its financial outcomes are highly sensitive to BTC price fluctuations.
New CEO Raphael Zagury mentioned that Twenty One Capital must evolve beyond a “Bitcoin treasury company” to embrace a broader array of financial services.
Polymarket, a prediction market platform, is implementing organizational changes in anticipation of the impending fall trading surge, adding several executives, reorganizing marketing strategies, and enhancing its compliance team to facilitate U.S. market growth. Recently, Travis VanderZanden, founder of Bird and a former executive with Uber and Lyft, was appointed as Chief Growth Officer, charged with driving growth strategies and improving the marketing infrastructure. VanderZanden emphasized the necessity of bolstering the management team to support long-term expansion at this pivotal moment for prediction markets.
These adjustments also come amidst regulatory scrutiny, as the U.S. Commodity Futures Trading Commission (CFTC) is investigating Polymarket’s business model concerning its marketing efforts and promotional partnerships. Reports suggest Polymarket has restructured its marketing department, updated promotional partner guidelines, provided employee training, and engaged consultancy AlixPartners to ensure compliance with the new standards.
In parallel, Polymarket is enhancing its compliance and risk management capabilities for its U.S. operations, adding numerous executives in regulatory and risk positions, including former Robinhood executive Megan McGrath as Chief Compliance Officer for the U.S. platform, former Coinbase executive Natalie Oblazny in charge of U.S. regulatory affairs, former FBI official and Coinbase employee Shana Bautista as Head of Global Investigations and Intelligence, and former Nasdaq executive Paul Jordan as Chief Risk Officer for the U.S. platform.
Funding Updates
Ex-Qianwen Technical Lead Launches AI Venture Yuyong Technology; Angel Round Valued at $2 Billion
Lin Junyang, previously the technical lead at Qianwen, has unveiled his new enterprise, Yuyong Technology, based in Shanghai, which aims to develop next-gen agents bridging the digital and physical realms. He revealed that Gaorong Ventures and HSG (HongShan Capital) co-led this funding initiative, with backing from Tencent and the Shanghai Future Industry Fund. Sources indicate that the “funding initiative” Lin mentioned pertains to Yuyong Technology’s angel round, valued at an impressive $2 billion.
AI Infrastructure Firm Trajectory Raises $40 Million with Sequoia Capital Involvement
Trajectory, an AI infrastructure startup, has concluded a $40 million funding round, achieving a post-money valuation of $300 million, with participation from Sequoia Capital. The specifics of this round and additional investors remain undisclosed. Founded by ex-Google, Apple, and other tech experts, Trajectory specializes in assisting businesses in customizing open-source AI models to meet specific requirements while optimizing the software tools that support AI agents, known as the “Agent Harness.”
The Intercontinental Exchange (ICE), which oversees the New York Stock Exchange, has launched an investment-grade bond offering in the U.S., shortly after announcing its acquisition of electronic bond trading platform MarketAxess for approximately $6 billion.
Sources indicate that ICE’s bond offering might span up to five tranches with maturities between 3 to 10 years. The preliminary pricing guidance for the longest maturities is anticipated to be around 1.15 percentage points over comparable U.S. Treasury rates.
ICE has previously indicated that the acquisition of MarketAxess Holdings for around $6 billion aims to enhance its footprint in the fixed income trading market. MarketAxess is a leading global electronic bond trading platform specifically catering to institutional investors, providing trading solutions for corporate and government bonds, as well as various other fixed-income products.
River Markets Completes $8.5 Million Seed Round Led by Haun Ventures
River Markets, a company specializing in prediction market trading infrastructure, has successfully finalized an $8.5 million seed funding round, led by Haun Ventures, with contributions from Y Combinator, Coinbase Ventures, and Qube Research Technologies. The funding will primarily be allocated toward expanding the engineering team, enhancing trading system speed and security, and attracting institutional clients while developing new tools for substantial capital management and cross-platform trading.
Erebor Bank, a crypto-friendly institution co-founded by Palmer Luckey and Joe Lonsdale, is in the process of raising $1.5 billion and is expected to finalize this funding round within weeks, targeting a pre-money valuation of $8 billion. a16z and other financial entities are among potential investors. The bank focuses on delivering crypto-friendly banking services and completed a previous $350 million funding round in December 2025, valued at $435 million.
Buchou Quantum has recently confirmed the successful conclusion of its Series A funding round, increasing total fundraising to nearly RMB 1 billion. This round received support from various investment institutions and industrial partners such as Guotai Haitong, Jinding Capital, SMIC Prime, Shanghai Technology Innovation Group, and other leading industrial investors including CITIC-affiliated funds, TCL Ventures, and Daohe Long-term Investment.
River AI Secures $1.1 Billion Investment Involving NVIDIA and AMD
River AI, co-founded by xAI’s Igor Babuschkin, has successfully concluded a $1.1 billion funding round led by General Catalyst and AMP PBC, with participation from NVIDIA and AMD. This round also includes strategic investments from Y Combinator and Temasek.
Accel Raises $3.5 Billion Across Four Funds to Support Global Early-Stage AI Startups
Accel, a prominent global venture capital firm, has announced the raising of $3.5 billion for early-stage investments worldwide. This includes four separate funds: a $1.35 billion global expansion fund aimed at larger early-stage investments and follow-ons, an $800 million U.S. fund, an $800 million fund for Europe and Israel, and a $550 million India-focused fund.
Silicon Data Secures $30.5 Million Series A Funding Led by Valor Atreides AI Fund
Silicon Data, a provider of GPU market data infrastructure, announced the closure of its first tranche of a $30.5 million Series A round, spearheaded by Valor Atreides AI Fund, with participation from CME Ventures, DRW, Samsung Next, VanEck, Jump Trading, and Wintermute. The raised funds will be utilized for GPU benchmark pricing, performance evaluation, and risk infrastructure across derivatives, insurance, and credit markets.
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