Odaily News: Goldman Sachs analysts said in a report that surging demand for gold call options has increased the risk of sharp fluctuations in gold prices. Analysts including Lina Thomas wrote in the report that increased trading volume in gold call options has created a "two-way price amplification mechanism" for gold prices. "Therefore, we still believe the forecast of gold reaching $4,900 per ounce by the end of 2026 faces significant upside risk, but there is also greater two-way volatility in the upward trajectory of gold prices."

Odaily reported that as the cryptocurrency market continues its rebound, shares of Bitcoin mining firms and digital asset treasury companies rose over the weekend. Market participants believe that the U.S. Treasury's announcement to expand the scale of long-term Treasury buybacks has boosted liquidity expectations, fueling improved sentiment toward risk assets and further lifting crypto-related stocks. Bitcoin mining firm Canaan saw its share price surge over 25%; MARA Holdings continued to climb after rising nearly 16% on Thursday. Strive, a digital asset treasury company holding more than 20,000 BTC, gained over 16% on Friday.

Additionally, Trump stated that the U.S. government may purchase Bitcoin on a "large scale" in the future. The market rally was also driven by improved expectations for U.S. regulatory clarity. On Thursday, President Trump again urged Congress to advance the CLARITY Act, a bill aimed at further defining the U.S. digital asset regulatory framework and delineating the respective oversight roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the crypto market. (Cointelegraph)

Odaily News: Hardware wallet manufacturer Trezor has announced the integration of HyperEVM network support into its devices, enabling users to manage HYPE and other HyperEVM assets through Trezor while keeping their private keys offline, with device-side verification for every transaction.

Odaily News: Iranian Foreign Minister Abbas Araghchi said in a social media post that the sanctions and pressure policies adopted by successive U.S. administrations against Iran have all ended in failure, and the latest U.S. economic pressure campaign against Iran is equally "doomed to fail." In his post, Araghchi reviewed a series of policies the U.S. has implemented against Iran in recent years. He noted that 14 years ago, the U.S. claimed to impose "the toughest sanctions ever" on Iran; 8 years ago, it implemented "maximum pressure" against Iran; and 5 months ago, it demanded Iran's "unconditional surrender"—all of these policies ultimately failed.

In response to U.S. President Trump's recent announcement of "the most destructive economic action against a country in history" targeting Iran, Araghchi stated that this action is equally "doomed to fail." He also criticized that there has been no substantive change in the policies of successive U.S. administrations toward Iran. Araghchi said: "We have seen this play before—the same lies, just with a new set of bullies." (CCTV News)

Odaily News, Galaxy Research Head Alex Thorn stated that the U.S. Securities and Exchange Commission (SEC) proposed the "Regulation Crypto Assets" (referred to as "Reg Crypto") on August 18, marking the first set of securities rules specifically designed for the issuance and sale of crypto assets, rather than simply applying traditional stock regulatory frameworks. The proposal could bring two significant changes to the U.S. crypto industry: first, it would allow eligible token projects to conduct legal issuances to the public, including non-accredited investors; second, it establishes a clear mechanism to formally terminate investment contracts associated with tokens once conditions are met, thereby resolving the long-standing uncertainty over the securities status of numerous historical tokens.

According to the proposal, Reg Crypto would apply to crypto assets that "are not securities themselves, but were issued or sold as part of investment contracts." The framework mainly consists of four stages:

- Financing Stage: Two new types of issuance exemptions are introduced. The startup exemption allows projects to raise up to $5 million over a maximum of 4 years; a larger, Regulation A-like exemption permits raising $20 million to $75 million within 12 months.

- Disclosure Stage: Issuers are required to disclose information more tailored to the characteristics of crypto assets, including token supply, unlock schedules, minting and burning mechanisms, governance rights, smart contract information, source code, and project development progress.

- Development Stage: Project teams are permitted to complete core development commitments promised to investors within a specified timeframe.

- Exit Stage: Once the project completes or ceases its development obligations and submits a transition report, investment contracts associated with the token can be deemed terminated, and the token is no longer subject to securities regulation under those investment contracts.

Alex Thorn believes that the significance of Reg Crypto lies in establishing, for the first time, a "token lifecycle" regulatory framework — meaning tokens may initially constitute investment contracts due to project development promises, but as the project matures, this securities status can be brought to an end through a clear process. The SEC estimates that approximately 475 issuers per year might utilize the investment contract safe harbor mechanism, while only about 130 projects are expected to actually leverage the new financing exemptions. This suggests that the rule's short-term impact may be more reflected in resolving regulatory uncertainty for existing tokens, rather than immediately triggering a new wave of token issuances. However, the rule remains in the proposal stage, and its final implementation still faces challenges from regulatory changes, state-level regulator pushback, and congressional legislative influence. If ultimately approved, Reg Crypto could drive the U.S. toward a "legitimate ICO 2.0," establishing a new regulatory foundation for project financing, token circulation, and investor protection.

Odaily News: Tether Treasury just burned 200 million USDT on Ethereum, approximately $20 million.

Odaily News, according to Gate data, spot gold rose 2% intraday, currently at $4,609.67 per ounce. New York futures gold rose 2% intraday, currently at $4,666.70 per ounce.

Odaily News: Iranian Navy Commander Shahram Irani stated that the waters east of the Strait of Hormuz and the Gulf of Oman—a crucial maritime area leading into the Strait of Hormuz and the Persian Gulf—are currently under Iran's "complete control," and that Iran is "monitoring all movements of hostile forces around the clock." He said that the Iranian armed forces, under the leadership of the Supreme Leader, remain on high alert and "will soon deliver a major, historic, and unforgettable lesson to the enemy at sea." (CCTV International News)

Odaily News: According to MSX.COM data, Tesla's stock price rose 5%, hitting a one-month high, trading at $362.670 per share, with a total market capitalization of $1.43 trillion.

Odaily News: Tom Lee stated on the X platform that investors waiting for a crypto market bottom in October need to reassess the risks of market timing. Citing Fundstrat's "Rule of 10 Best Days" for Bitcoin, he noted that Bitcoin's long-term gains are highly concentrated in just a few trading days.

Tom Lee said historical data shows that the majority of Bitcoin's gains come from the 10 best-performing trading days of the year. If holders miss these 10 days, their investment returns could drop significantly. Data shows that capturing Bitcoin's 10 best trading days yields cumulative returns of approximately 162%, while excluding those 10 trading days results in a return of -14%.

"This week has already become one of those 10 best trading days, and long-term investors should choose to HODL rather than trying to time the exact bottom," Tom Lee said.

He has repeatedly emphasized in the past that investors who frequently enter and exit the market often miss the most important upside phases. Fundstrat research also shows that market returns tend to concentrate on a few extreme up days, and waiting for a pullback before re-entering could lead to missing critical market moves.

Odaily News: Solana Company (HSDT) has announced its voting stance on the first three Solana Governance Proposals (SGP): supporting the passage of SGP-0001 "Solana Constitution," opposing SGP-0002, which would double the rate of inflation reduction, and opposing SGP-0003, which would change transaction fees from fixed to floating. On-chain voting is expected to begin on August 22.

Solana Company stated that it supports the Solana Constitution because the new governance system allows every staker to vote directly, and token holders can always override the votes of the operators they delegate to, which helps institutions participate in network decision-making. Regarding the other two proposals, the company noted that it opposes their current timing, not the direction of the adjustments. The company stated that at a time when institutions are considering entering Solana, they place greater importance on rule stability and predictability. Adjusting core economic parameters such as inflation rates and fees at this stage could make institutions still on the sidelines more hesitant. The company said it would support revisiting discussions on reducing inflation once SOL sees sustained net capital inflows, and would also be willing to reconsider switching to floating fees once the ecosystem has fully adapted. (WSJ)

Odaily News, Blockworks analyst Shaunda Devens stated on the X platform that Kraken may be testing Hyperliquid's HIP-3 (Builder-Deployed Perpetuals) new compliant deployment feature, potentially becoming one of the first centralized exchanges to explore this mechanism. Blockworks

Data shows that a deployer named "Kraken HIP-3 test DEX" has enabled permission management functionality (Star gating) on the Hyperliquid testnet and went live for testing on August 19. Currently, this test DEX has completed whitelist settings for 10 wallets, tested 3 of the 5 compliance control features, and registered a "Kraken Exchange Validator."

Shaunda Devens noted that Hyperliquid has been continuously adding testnet features to support regulatory-compliant HIP-3 deployments, including whitelist management, canceling user orders, closing positions via reduce-only orders, and moving collateral. These capabilities are similar to the risk control mechanisms required by traditional financial institutions' compliant trading platforms.

Although this is still in the testing phase, and any user could deploy a test DEX with a similar name, making it impossible to confirm it definitively belongs to Kraken, combined with Hyperliquid's recent expansion of xStocks functionality and Kraken's parent company Payward's involvement in related business initiatives, analysts believe Kraken may be testing HyperCore's new infrastructure targeting institutional and compliant markets.

HIP-3 is a third-party deployed perpetual contract market framework introduced by Hyperliquid, allowing eligible developers to create independent perpetual trading markets on HyperCore's order book infrastructure. It is considered a key upgrade direction for Hyperliquid to expand into traditional assets and institutional trading scenarios. If large compliant exchanges like Kraken enter the HIP-3 ecosystem, it could further drive the integration of on-chain derivatives markets with traditional financial trading systems.

Odaily Planet Daily News: In a letter to clients on Friday, Citadel Securities founder Ken Griffin responded to the company's acquisition of assets from Leopold's Situational Awareness fund. According to a letter obtained by CNBC, Griffin told clients that Citadel Securities had unwound over 80% of the total risk from the purchased portfolio through more than 100 block trades (with a market value exceeding $4 billion).

"A transaction of this scale would not have been possible without the collaborative efforts of the trading and prime brokerage teams at the banks serving both firms," Griffin wrote in the letter. "I am deeply grateful for their focused efforts in swiftly completing the portfolio transfer." Griffin also confirmed that the firm's flagship multi-strategy fund, Wellington, posted a 5.94% return in July, which CNBC previously reported as the fund's best monthly performance since 2022. (FT)

Odaily News: Bitcoin's current price movement shows an 88% daily correlation with 2022 within a 360-day window. Historical analogies indicate that Bitcoin's trajectory in 2026 closely aligns with the 2022 bear market path, with the bottom already formed. (Bitcoin News)

Odaily Planet Daily News Ethereum treasury company Bitmine stated on X platform that it has become the company with the highest correlation to Ethereum (ETH) price movements among large US-listed companies. Among large US stocks, BMNR's correlation with ETH price movements surpasses other crypto-related stocks, with crypto exchange Coinbase (COIN) ranking second.

Analysis points out that as institutional investors gain indirect exposure to crypto assets through listed companies, the performance of "crypto treasury stocks" like BMNR is increasingly influenced by the price of the underlying digital assets. Compared to traditional crypto exchange stocks, Bitmine's business model makes its share price more sensitive to ETH price fluctuations. However, the market also cautions that BMNR's high correlation with ETH means its share price is not only affected by the company's operational performance but may also amplify volatility risks arising from Ethereum price increases or declines.