PANews reported on August 6th that the Ministry of State Security's WeChat official account stated that in the digital age, biometric recognition technology has rapidly developed and been widely used due to its accuracy and convenience. Biometric recognition technology allows for the rapid collection, analysis, storage, and identification of facial, fingerprint, iris, body shape, and gait data, bringing significant convenience to our lives. However, the potential risks of data leakage associated with this collection should not be ignored. Publicly available cases have revealed that a foreign company, under the guise of issuing cryptocurrency tokens, scanned and collected user iris information worldwide and then transferred the data source, posing a threat to personal information security and even national security.
A user lost $3.05 million by signing a phishing transaction 6 hours ago
PANews reported on August 6th that according to Scam Sniffer, someone lost $3.05 million six hours ago due to signing a phishing transaction. The victim signed a malicious transfer transaction that transferred their aEthUSDT tokens (worth $3,053,646) to a phishing contract. Please take precautions and beware of phishing scams.
Ledger Wallet Software Limitations Prevent Some Cardano Users from Claiming the "Glacier Airdrop"
PANews reported on August 6th that, according to Decrypt, software limitations in Ledger hardware wallets are preventing some Cardano users from participating in the Midnight Foundation's two-month "Glacier Drop" airdrop, which will distribute NIGHT tokens across eight blockchain ecosystems. This is due to Ledger's implementation of the CIP-8 protocol, which limits messages to 31 bytes, while airdrop messages are 251 bytes, which the current firmware cannot support. Cardano co-founder Charles Hoskinson stated that this is a Cardano-specific issue in the Ledger software and that it was reported in July, but Ledger has not yet provided an update timeline. Midnight Foundation Chairman Fahmi Syed confirmed the issue, stating that they are in communication with Ledger and that similar issues exist with XRP and Avalanche, with a solution expected to be released in the coming weeks. While Ledger has not yet released a fix, Cardano developers are developing a workaround. According to Hoskinson, this system will use empty transactions containing the "Glacier Drop" payload as metadata, rather than traditional message signatures. This workaround will be integrated into the Glacier Airdrop protocol to allow affected users to claim tokens.
PANews reported on August 6 that according to Onchain Lens monitoring, four multi-signature wallets (belonging to the same entity) received 101,131 ETH worth US$363.58 million from FalconX, Galaxy Digital and BitGo in the past two days.
Bitwise CIO: The U.S. SEC Chairman’s speech on “Project Crypto” contains three key opportunities
According to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan described U.S. SEC Chairman Paul Atkins' "Project Crypto" speech as a "five-year investment roadmap," highlighting three key opportunities: Ethereum/Layer 1 blockchains, super applications like Coinbase, and DeFi protocols. He added: "The market hasn't yet priced this in."
Jupiter Lend, a lending protocol, will be launched in phases, with private beta starting today.
PANews reported on August 6th that Jupiter, a DEX on the Solana ecosystem, announced on the X platform that its lending protocol, Jupiter Lend, will be launched in phases. Starting today, a private beta version will be launched for those on the waitlist. The official public launch later in August will offer loan-to-value ratios (LTVs) up to 95%, near-zero liquidation penalties, multiple vaults, and generous annualized yields (APYs). This follows Jupiter's announcement in May that it would launch its lending protocol, Jupiter Lend, on Solana.
Governance Proposal Revealed: MetaMask to Launch Stripe-Issued Stablecoin 'MetaMask USD'
PANews reported on August 6th that Cryptopolitan has revealed a governance proposal that MetaMask plans to collaborate with Stripe to launch a stablecoin called "MetaMask USD." According to the existing proposal, MetaMask plans to launch a stablecoin (mmUSD) that will be issued by Stripe but will utilize the "M^0" network for off-chain issuance and settlement. This stablecoin will reportedly be built as a core asset in the MetaMask ecosystem, providing a highly liquid base currency and natively integrated into MetaMask's services. Currently, there has been no official confirmation from MetaMask or Stripe, and specific details regarding the stablecoin's structure, launch timeline, or regulation are very limited.
The US SEC issued the latest guidance: Liquidity pledge is not regulated by securities laws
PANews reported on August 6th that, according to The Block, the U.S. Securities and Exchange Commission (SEC) stated in its latest guidance that certain liquidity staking activities do not involve securities, and persons engaging in such activities do not need to register with the agency under securities laws. Liquidity staking entities potentially exempt from securities laws include Lido, Marinade Finance, JitoSOL, and Stakewise. The SEC stated that the issuance and sale of pledge receipt tokens in certain manners and circumstances do not constitute an issuance and sale of securities, unless the deposited crypto assets are part of an investment contract. This applies particularly to staking cryptocurrencies through software protocols or service providers, which then result in the receipt of "liquidity pledge receipt tokens" that prove the pledger's ownership of the pledged crypto assets and any income generated. Some experts believe this guidance may prompt the SEC to approve staking in proposed spot Ethereum ETFs, as liquidity pledge tokens can help manage internal liquidity in ETFs, a concern previously raised by the SEC. Furthermore, this announcement has significant implications for receipt tokens such as cross-chain bridges, with some companies seeking to amend their listed Ethereum ETFs to allow for staking.
Changpeng Zhao files for dismissal of $1.76 billion claim filed by FTX Trust
PANews reported on August 6th that according to Bloomberg, Zhao Changpeng has requested the Delaware Bankruptcy Court to dismiss a $1.76 billion recovery lawsuit filed by FTX Trust. The trust claims the funds were improperly transferred to Binance by SBF (Sam Bankman-Fried). In his motion filed on Monday, Zhao stated that he is a resident of the United Arab Emirates and that the trust cannot prove it is within Delaware's jurisdiction. He emphasized that the claims have minimal relevance to the United States and that the regulations involved have no extraterritorial application. Previously, the trust and FTX Digital Markets sued Binance and several executives over a July 2021 share repurchase agreement with SBF. In July of this year, two former Binance executives filed to be removed from the lawsuit. Zhao Changpeng claimed that he was merely the "notional counterparty" in the transaction and accused FTX of "unreasonably" blaming Binance for its bankruptcy. He also stated that serving U.S. attorneys on foreign defendants is improper and would invalidate the lawsuit. Zhao Changpeng also stated that U.S. bankruptcy law does not explicitly apply to overseas fund transfers.
Trump will decide on a new Fed governor this week, who could be Powell's successor.
PANews reported on August 6th that, according to Global Markets, US President Donald Trump said he would decide this week who would replace outgoing Federal Reserve Governor Adriana Kugler. The Fed announced last Friday that Kugler would resign from the board before her term ends in January. This provides Trump with an earlier-than-expected opportunity to install someone more sympathetic to his stance on interest rate cuts on the Fed Board. This comes as Trump repeatedly pressures the Fed and its Chairman, Jerome Powell, to lower borrowing costs. Whoever Trump chooses for the Fed Board is likely to be one of Powell's successors when his term as chairman expires in May and could potentially meet the Trump administration's expectations regarding the tone of interest rate policy.
Coinbase Adds dYdX (COSMOSDYDX) to its Listing Roadmap
PANews reported on August 6th that Coinbase has officially announced the addition of dYdX (COSMOSDYDX) to its listing roadmap. The launch of trading for this asset is contingent on market maker support and sufficient technical infrastructure. Once these conditions are met, a separate announcement will be made.
Coinbase has launched TOWNS, and Coinbase International has launched TOWNS perpetual contracts.
PANews reported on August 6th that Coinbase officially launched the Towns Protocol (TOWNS) in the early morning hours, labeling it "experimental." Furthermore, Coinbase International also launched the Towns Protocol (TOWNS) perpetual contract in the early morning hours.
Coinbase to List Succinct (PROVE)
PANews reported on August 6th that Coinbase Assets will launch support for Succinct (PROVE), an ERC-20 token on the Ethereum network. The PROVE-USD trading pair will launch in phases later today, subject to meeting liquidity requirements. Restrictions may apply in some regions.
Coinbase to List Euler (EUL) Trading
PANews reported on August 6th that Coinbase Assets will list the Euler (EUL) ERC-20 asset starting at 09:00 Pacific Time on August 6th, subject to liquidity conditions. Users can transfer EUL on Coinbase and Coinbase Exchange starting today, but only in supported regions. Once sufficient supply is available, the platform will gradually open the EUL-USD trading pair. Some jurisdictions may not support this asset for the time being.
Coinbase Launches "Embedded Wallet" Service to Help Developers Easily Integrate Crypto Functionality
According to The Block, Coinbase's developer platform has officially launched "Embedded Wallets," enabling developers to integrate self-hosted wallets into their applications with minimal code. This service supports features such as fiat deposits and crypto asset swaps. Users can log in via email, SMS, or OAuth, and the wallets are self-hosted. The new product leverages the same underlying architecture as Coinbase DEX accounts, features enterprise-grade key management and compliance capabilities, and integrates with Coinbase development tools such as MagicSpend and Onramp. Developers are already using the wallet for decentralized applications, games, and consumer platforms.
Tether CEO: USDt transfers contribute 40% of blockchain fees
According to Tether CEO Paolo Ardoino, approximately 40% of the blockchain transaction fees generated by nine public blockchains globally (ETH, Tron, TON, Solana, BSC, Avalanche, Arbitrum, Polygon, and Optimism) are used to pay for USDt transfers. He also stated that hundreds of millions of users in emerging markets use USDt daily to hedge against local currency inflation, and that chains that can pay lower gas fees in USDt will have a competitive advantage in the future.
Succinct decentralized ZK proof network mainnet launched and enabled PROVE tokens
According to The Block, the ZK infrastructure project Succinct has launched its decentralized proof network, the Succinct Prover Network, on the Ethereum mainnet, simultaneously enabling the use of its native PROVE token for validator payments and governance incentives. The network provides a zero-knowledge proof request and verification market, has integrated with 35 protocols, processed over 5 million proofs, and secured over $4 billion in assets. Succinct previously secured $55 million in Series A funding led by Paradigm.
100 listed companies worldwide hold over 955,000 Bitcoins
Data shows that the top 100 publicly traded companies currently hold a combined 955,526 BTC, representing approximately 4.55% of the circulating supply. MicroStrategy leads the list with 628,791 BTC, followed by Marathon Digital (50,000) and newcomer XXI (43,514). Twenty companies, including Galaxy Digital, CleanSpark, and Empery Digital, increased their Bitcoin holdings over the past week, demonstrating that crypto assets continue to be a key asset allocation for corporate treasuries.
According to GlobeNewswire, CEA Industries has completed a $500 million private placement led by YZi Labs. The company plans to purchase BNB as its primary reserve asset and will operate as "BNB Network Company." The company's stock ticker will change from VAPE to BNC on August 6th. If all warrants are exercised, the company can raise up to $750 million in additional funding. Galaxy Digital co-founder David Namdar will serve as CEO, with 10X Capital managing the BNB treasury.
Jito proposes transferring all Block Engine and BAM fees to the DAO treasury
According to CoinDesk, Jito Labs has submitted a governance proposal, JIP-24, which proposes transferring 6% of Jito Network's Block Engine fees and all future BAM revenue from the Solana ecosystem to the Jito DAO treasury, eliminating the existing "3% Labs/3% DAO" split. If approved, the DAO will fully control protocol revenue, enabling the Cryptoeconomics SubDAO to develop a value-return strategy. Officials estimate this will generate approximately $15 million in annual revenue.
Galaxy plans to issue tokenized stock GLXY
Galaxy plans to issue tokenized shares $GLXY and has signed an RWA platform agreement with Robert Leshner's Superstate.
Ethereum's new proposal EIP-0000: Unified Multi-dimensional Fee Market
The Ethereum community has released EIP-0000, co-proposed by Anders Elowsson and Vitalik Buterin. This proposal aims to introduce a unified, multi-dimensional fee market for Ethereum transactions, allowing users to set a single, aggregated "max_fee" cap for various resources (such as gas and blobs). This eliminates the need to set individual fees for each resource, improving capital efficiency, simplifying the operational experience, and laying the foundation for future expansion of more resource types. EIP-0000 is expected to unify existing fee mechanisms and further evolve Ethereum's economic model.
Binance: Alpha airdrop requirements for Succinct (PROVE) are 241 and 200 points respectively.
Succinct (PROVE) trading on Binance Alpha will open at 23:00 (UTC+8) on August 5, 2025. After trading begins, eligible users can claim the 100 PROVE token airdrop within 24 hours by using Binance Alpha Points on the Alpha event page. The Binance Alpha airdrop will be conducted in two phases: Phase 1 (first 18 hours): Users with at least 241 Binance Alpha Points can claim the airdrop. Phase 2 (last 6 hours): Users with at least 200 Binance Alpha Points can claim the airdrop.
Indonesian Vice President's Office Explores Bitcoin as National Reserve
According to Bitcoin Magazine, the Indonesian Vice President’s Office has invited members of the Bitcoin community to discuss the possibility of using Bitcoin as a national reserve asset.
US President Trump: I may not run for US president again
US President Trump: May not run for US president again.
Market News: OpenAI, Google, and Anthropic receive US approval to sign civilian AI contracts
Market news: OpenAI, Google and Anthropic have received approval from the United States to sign civilian artificial intelligence contracts.
Trump: Labor statistics are very political, Powell cuts interest rates too late
US President Trump reiterated his accusation that labor statistics are manipulated. He also claimed that the Federal Reserve chairmanship is political and that Powell's interest rate cuts were too late. Many candidates for the Fed chairmanship are excellent. Warsh is excellent, Hassett is also very good, and there are two other candidates. The Fed chairmanship announcement may be made soon. Perhaps the vacancy left by Kugler will be used to select the next Fed chair.
Bhutanese government transfers 517 BTC worth approximately $59.23 million
On-chain data shows that in the past three hours, the Bhutanese government wallet address transferred 517 BTC (about 59.23 million US dollars) to a newly created wallet, which may be a Binance recharge address.
Galaxy Digital announces Q2 financial results, net profit reaches US$30.7 million
According to PRNewswire, Galaxy Digital (NASDAQ/TSX: GLXY) released its second quarter 2025 financial results. The company reported net income of $30.7 million, or $0.08 per diluted share, and adjusted EBITDA of $211 million, primarily driven by the appreciation of digital assets and investments on the balance sheet and improved performance in its digital asset business. As of June 30, the company had total equity of $2.62 billion, with $1.2 billion in cash and stablecoins. During the second quarter, Galaxy completed its corporate restructuring and officially listed on the Nasdaq on May 16. Subsequently, its digital asset business achieved its best monthly performance in history in July. Furthermore, in the third quarter, Galaxy completed a large transaction selling over 80,000 bitcoins for a client, expanded its Helios data center capacity to 800MW, and signed an agreement to acquire adjacent land and a 1GW power connection request, increasing its total data center capacity to 3.5GW.
Coinbase plans to raise $2 billion through convertible bond offering
According to Business Wire, Coinbase Global, Inc. (Nasdaq: COIN) announced plans to issue $2 billion in convertible senior notes through a private placement, maturing in 2030. The proceeds will be used to cover offering expenses, potentially repurchase or repay existing debt, and for general corporate purposes. The company plans to offer initial investors an option to purchase additional notes. The size and pricing of the offering will depend on market conditions. The conversion terms and interest rate for the notes will be determined at pricing.
Binance Alpha will launch TaleX (X) on August 7th
Binance Alpha will launch TaleX (X) trading on August 7th. Eligible users can claim the TaleX airdrop using Alpha Points on the Alpha Events page after trading opens.
Binance Alpha and Futures Platforms to Launch INFINIT (IN) on August 7th
Binance Alpha will list and open trading for INFINIT (IN) at 5:00 PM (GMT+8) on August 7, 2025. Additionally, Binance Futures will launch INUSDT perpetual contracts at 6:30 PM (GMT+8) on August 7, 2025, with up to 50x leverage. Binance is the first platform to announce the opening of INFINIT (IN) futures trading and showcase the INFINIT token on Binance Alpha. As a launch bonus, all eligible Binance users will receive an exclusive Binance token airdrop. Eligible users can claim the airdrop using Binance Alpha Points from 5:00 PM (GMT+8) on August 7, 2025, to 5:00 PM (GMT+8) on August 7, 2025, through the Binance Alpha event page.
