Odaily News - The U.S. Internal Revenue Service (IRS) has issued a warning about an advanced email phishing campaign targeting cryptocurrency holders in the United States. Attackers are using forged official tax letters to trick users into scanning malicious QR codes, aiming to steal crypto wallet credentials and private keys.

According to reports, the attackers are impersonating the IRS by sending physical letters that create a sense of urgency under the guise of "tax compliance" or "account verification," and include QR codes within the correspondence. Once users scan these codes, they may be redirected to counterfeit websites, potentially exposing wallet login information, recovery phrases, or private keys, ultimately leading to the theft of digital assets.

The IRS reminds taxpayers that official agencies will never request users to provide crypto wallet private keys, recovery phrases, or perform similar "wallet verification" procedures through unofficial channels. Cryptocurrency holders should remain vigilant against any suspicious emails or letters that ask them to scan QR codes, connect wallets, or submit sensitive information.

As the number of crypto asset holders continues to grow, social engineering attacks targeting digital wallets are on the rise. Regulatory and security agencies are stepping up efforts to raise awareness and prevent such fraudulent activities. (CoinDesk)

Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.

Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.

AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.

Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)

Odaily Planet Daily reported that Bitcoin News posted on X platform, stating that VanEck's Matt Seigel said the U.S. Treasury is increasingly financing U.S. debt through short-term Treasury bills, which currently account for 23% of marketable debt, above the 15% to 20% range recommended by the Treasury Borrowing Advisory Committee. He stated that this makes maintaining high interest rates increasingly costly and puts pressure on the U.S. dollar. VanEck noted that over the past 15 years, the only consistent correlation between Bitcoin and the U.S. dollar has been negative. The firm believes this dynamic ultimately points to lower real interest rates, a structurally weaker U.S. dollar, and stronger support for Bitcoin as a hedge.

Odaily News: Jacob Creech, Vice President of Technology at the Solana Foundation, stated that Solana has reduced its network slot time to 350 milliseconds, the first adjustment since the network's inception. He shared on X that the next step is to bring it down to 300 milliseconds.

Solana's slot time browser shows the current average slot time is 360 milliseconds, down from the network's initial setting of 400 milliseconds. In June, the Solana Foundation unveiled a plan to shorten slot time from 400 milliseconds to 200 milliseconds, with three subsequent reductions of 50 milliseconds each.

All four phases are planned to be activated on the mainnet via the validator client Agave v4.2, developed by Anza, though the timeline has yet to be finalized. The related proposal, SIMD-0525, was approved and merged on May 14. (Cointelegraph)

Odaily News: Peter Brandt, a renowned trader and chart analyst who successfully predicted the Bitcoin crash in 2018, stated in a post yesterday that Bitcoin had previously exhibited an inverted head-and-shoulders pattern within an overall downtrend, leading him to hold a bearish view. However, the recent surge has completely transformed the pattern into a valid bottom. Brandt stated bluntly that he has chosen to buy on the breakout. Previously, on July 20, he had projected that the current market cycle would bottom out on October 4, 2026, and believed that Bitcoin's returns over the next two to three years could outperform AI stocks.

Odaily News: According to data from MSX.COM, US stocks in the crypto sector continued to gain momentum at the market open, with Circle up over 9%, Coinbase up over 7%, and Strategy up over 6%.

Odaily News: According to Lookonchain monitoring, U.S. Bitcoin ETFs saw a net inflow of 8,879 BTC today, valued at $684 million; the 7-day net inflow reached 22,000 BTC, worth $1.7 billion. Ethereum ETFs posted a single-day net inflow of 86,700 ETH, valued at $207 million; the 7-day net inflow stood at 219,300 ETH, worth $524 million.

Odaily News: Goldman Sachs stated that it still sees significant upside risk to its forecast of gold prices at $4,900 per ounce by the end of 2026, and continues to believe that the gold rally will face greater two-sided volatility risk. (Jin10)

Odaily News - The Financial Accounting Standards Board (FASB) issued a Proposed Accounting Standards Update (ASU) on August 18, 2026, aimed at clarifying how the current definition of "cash equivalents" applies to certain digital assets such as stablecoins, and at enhancing disclosure transparency regarding significant components of cash equivalents. Stakeholders may submit comments by November 19, 2026.

In the 2025 FASB Agenda Consultation project and other feedback, stakeholders noted that uncertainty exists regarding whether certain digital assets, including stablecoins, meet the definition of cash equivalents under current Generally Accepted Accounting Principles (GAAP), leading to divergence in practice. The proposed ASU would provide relevant examples to promote more consistent application of the definition and enhance comparability among entities that elect to present qualifying digital assets as cash equivalents, while not altering the existing definition of "cash equivalents."

Additionally, the proposed rules require all entities presenting assets as cash equivalents—whether or not they include digital assets—to strengthen disclosures regarding significant components and related amounts of cash equivalents, so that investors and other financial statement users may obtain more transparent information. The proposed ASU and instructions for submitting comments are available on the FASB website.

According to MSX.COM data, HOOD has surged 11.69%, with its share price breaking through $106 and now trading at $106.22.

Market rumors suggest that U.S. President Trump may launch a token on Ronbinhood Chain, though this has not yet been confirmed.

Odaily News – After surging to a record high of nearly $5,600 earlier this year, gold prices faced a sharp sell-off. In the three months through June, gold posted its worst quarterly performance since 2013, but the current sustained rebound is quickly repairing this technical breakdown. Driven by a combination of factors, gold is poised to emerge from the shadows of its worst quarterly showing in a decade. Amid the two-way tug-of-war between long-term structural deficits and short-term pullbacks, Wall Street is anchoring its 12-month gold price target at $5,400.

Despite the optimistic long-term structural outlook, several analysts warn that gold still faces significant macroeconomic headwinds and potential correction pressure in the near term. (CNBC)

Odaily News: Circle CEO Jeremy Allaire stated that the Financial Accounting Standards Board's (FASB) proposed digital asset accounting rules are expected to serve as a significant strategic catalyst for institutional adoption of digital dollars like USDC. He noted that if these rules are combined with the GENIUS Act, USDC could be widely utilized by global enterprises and financial institutions, marking a strategically crucial development.

Odaily News: Private equity firm Apollo confirms data breach amid wave of cyberattacks targeting financial giants. (TechCrunch)

Odaily News JPMorgan has warned that despite global major stock indices remaining in an uptrend, markets could face a pullback risk from late summer into early autumn. The bank noted that the internal structure of the U.S. stock market has been deteriorating recently, with capital rotating into defensive assets and investor confidence in artificial intelligence (AI)-related stocks weakening. JPMorgan strategist Jason Hunter pointed out that the current AI trading frenzy bears similarities to the tech stock bubble of 1999–2000, and that overheated positioning in the tech sector could heighten the risk of a correction.

In addition, persistently rising U.S. Treasury yields, geopolitical tensions in the Middle East, and a slowdown in consumer spending were also cited by JPMorgan as potential sources of market pressure.

JPMorgan believes that the current AI investment cycle still holds long-term growth potential, but in the near term, market valuations, crowded positioning, and investor expectations could expose tech stocks to greater volatility risk.

According to Odaily, based on MSX.COM data, the three major U.S. stock indices opened higher across the board, with the Dow Jones Industrial Average rising 0.55%, the S&P 500 up 0.48%, and the Nasdaq Composite Index gaining 0.51%. Cryptocurrency-related stocks advanced, with Strategy surging over 6%, while Coinbase and Circle each rose more than 4%. SK Hynix climbed over 2% following the company's announcement of a 400 trillion KRW stock buyback plan. KE Holdings gained over 5% as second-quarter existing home transaction volume on its platform grew 25% year-over-year.