Odaily News: According to OKX market data, HYPE has broken above 77 USDT, continuing to set new all-time highs. It is currently trading at 76.8 USDT, with a 24-hour increase of 7.36%.
Odaily News, the United States announced this week that it would expand its Treasury buyback program, triggering sharp market volatility. Investors have since begun drawing comparisons to Japan's policies, where measures taken in the past to lower borrowing costs led to a prolonged weakening of the yen. The dollar is currently at a three-month low and is on track for its worst weekly performance this month. In a surprise midweek announcement, the U.S. Treasury said it would double the size of its longer-dated Treasury buyback operations.
Robin Brooks, a senior fellow at the Brookings Institution, said the U.S. government's move is the "clearest sign" yet that the country is following in Japan's footsteps toward domestic currency depreciation. He described the U.S. government's action as "playing with fire." Treasuries initially rose after the announcement but have since given back those gains. Gold and other precious metals moved higher. Steven Barrow, head of G10 strategy at Standard Chartered Bank, said that using buybacks to suppress bond yields would only add further pressure on the dollar without addressing the root cause driving yields higher—namely, the fiscal deficit. (financemagnates)
Odaily News: The Hyperliquid Policy Center has released a research report titled "Perpetual Futures as Complements to Dated Futures," stating that perpetual futures can expand market risk management tools and improve price discovery efficiency, rather than squeezing out traditional dated futures markets.
The report points out that the biggest difference between perpetual contracts and traditional futures is that they have no expiration date, meaning traders are not forced to roll over positions and can gain continuous exposure to asset prices through a single contract, making them better suited for around-the-clock trading. As perpetual futures enter the U.S. market for the first time, there has been concern over whether they would divert liquidity from traditional futures.
The Hyperliquid Policy Center analyzed data from Bitcoin and on-chain WTI crude oil perpetual contracts, comparing perpetual contract prices during periods when traditional futures markets were closed against benchmark futures prices after markets reopened. The study covered 205 Bitcoin trading weekends and 19 weekends of on-chain crude oil perpetual contract samples.
The research found that perpetual futures complement traditional futures in several ways:
- Perpetual contracts can lower hedging costs by avoiding the additional expenses associated with rolling positions after traditional futures expire;
- Perpetual contracts attract small-scale trading demand that traditional futures struggle to cover—for example, the median trade size for on-chain crude oil perpetuals is approximately $1,300, roughly 1/100th of traditional WTI futures;
- Perpetual markets provide effective price discovery during periods when traditional markets are closed, with weekend prices typically being validated by benchmark market prices upon reopening;
- During extreme market conditions, perpetual contracts help investors continuously manage risk—for instance, during the weekend of significant crude oil volatility in March 2026, using on-chain crude oil perpetuals for hedging could significantly reduce potential losses;
- Data shows that after the launch of perpetual markets, no statistically significant negative impact was observed on traditional benchmark markets, with WTI futures spreads even narrowing after market reopening.
Odaily News BitMart has published an announcement regarding a potential restructuring and business recovery plan, stating that after further consultations with users, stakeholders, and professional advisors, BitMart is drafting a potential restructuring proposal as an alternative to a full liquidation. The proposal may include an orderly, phased resumption of certain business operations alongside asset distributions to creditors, with such arrangements still subject to further legal, financial, operational, and compliance assessments. To advance this process, BitMart has appointed White & Case LLP as restructuring legal counsel. White & Case will work with BitMart's other professional advisors to evaluate viable options and assist in developing a potential restructuring plan, including a framework for the phased resumption of operations. A roadmap is currently being developed with the advisory team, with the goal of releasing further updates no later than September 9, 2026.
Odaily News According to official sources, predict.fun has announced the launch of a prediction market for the Honor of Kings Pro League, allowing users to engage in prediction trading on match outcomes and results. This launch marks predict.fun's further expansion into the esports sector, enabling users to express their judgments on match results through on-chain markets and earn potential returns based on market price movements. Unlike traditional esports betting models, prediction markets generate dynamic probabilities through participants' buying and selling behavior, providing a publicly transparent price discovery mechanism for match outcomes.
Odaily News: Solana perpetual futures trading platform GMTrade plans to airdrop GT points to FAF token holders and liquidity providers, though the specific snapshot time has not yet been confirmed. GMTrade stated that this acquisition is not the ideal exit the team originally expected, but under current circumstances, it represents a relatively secure outcome for the community and a clear path forward. Previously, Flash Trade had indicated that if no suitable acquirer were found, the protocol would gradually cease operations and seek to sell its tech stack, brand, and intellectual property, with the proceeds distributed to FAF holders in proportion to their holdings.
Odaily Planet Daily News Cross-chain yield protocol BounceBit released a security incident announcement stating that its blockchain network experienced a protocol-level vulnerability attack between 21:02 UTC on August 19 and 01:54 UTC on August 20. The attacker exploited an authorization flaw in the underlying Evmos architecture to transfer BB tokens from 9 mainnet accounts without authorization from the account owners.
According to the announcement, the attacker transferred approximately 286.5 million BB tokens through 14 transactions. The impact of the incident was limited to BounceBit Chain itself, with no involvement of private key leaks, signature forgery, wallet, hardware device, or exchange account security issues. BounceBit CeDeFi Strategy, Promo Vaults, Prime, and RWA products were all unaffected.
BounceBit stated that the vulnerability stemmed from an authorization verification defect in the protocol's native modules within the Evmos architecture. When the attacker called the relevant modules through smart contracts, they bypassed the security checks that should have verified the authorization relationship of the funding account, allowing them to designate arbitrary accounts as funding sources.
After the incident, BounceBit Chain stopped producing blocks at block height 20,702,857. Subsequently, the team decided not to perform a chain upgrade but instead to permanently shut down BounceBit Chain and reissue BB as a BEP-20 token on BNB Chain.
BounceBit stated that the supply of the new BB token will be based on the on-chain snapshot taken before the first abnormal transfer (block height 20,697,260), and the 286,543,148 BB transferred by the attacker will not be counted in the new token balances. Users do not need to submit applications or migrate wallets, as the official plan is to automatically distribute the new BB to the corresponding BNB Chain addresses.
For BB in staking, BounceBit stated that it will also be restored at the snapshot time point, and token holders do not need to perform unbonding or redemption operations.
Currently, BounceBit has submitted freezing and assistance requests to relevant exchanges and reminded users to be wary of scams and not to click any BB migration or claim links that have not been officially confirmed. The team stated that they will subsequently announce the new BEP-20 BB contract address and reissuance progress.
Odaily News: Binance has announced that two employees previously questioned by authorities in the UAE have completed their statements and been permitted to leave, and have now been confirmed not to be targets of the related investigation. According to a Binance spokesperson, the employees were involved in providing explanations regarding third-party fund flows conducted through the company's client fund accounts. Binance stated that the UAE police and relevant authorities are conducting "routine inquiries," and the employees were cleared and released after providing the relevant information.
Earlier reports indicated that two Binance employees were detained at an airport in the UAE, with police investigating potential financial crimes involving the trading platform. Binance responded that the operational mechanisms for crypto asset and institutional client fund accounts remain an emerging area in certain jurisdictions, and the company is actively communicating with Dubai police and regulatory authorities in other emirates to establish clearer coordination mechanisms. (Cointelegraph)
Odaily Planet Daily News: StarBridge Capital (SBCFX) has experienced an abnormal liquidation event in London gold trading. Following the incident, the platform's Hong Kong office has been vacated, leaving some investors facing massive losses. According to multiple investors, their automated trading of London gold (XAUUSD) derivatives through the StarBridge Capital platform encountered extreme abnormal trading on the evening of August 19: the system automatically generated large short positions within just 1 to 3 seconds, followed by a rapid surge in international gold prices, resulting in widespread account liquidations. Some accounts were wiped out to zero, and others even fell into negative balances.
The so-called London gold liquidation refers to the trading risk where the direction of a trade runs counter to gold price movements, and due to factors such as leverage, losses become so large that the available margin in an investor's account is exhausted, falling below the maintenance margin requirement, leading to forced position closure by the platform and total loss of principal. Affected investors estimate that approximately 2,000 to 3,000 people are involved in this incident, including a large number of mainland Chinese investors. At present, some investors have filed reports with Hong Kong police and are demanding that the platform refund 70% of their principal in accordance with its previously promised "maximum loss of 30%" rule. Some investors stated that StarBridge Capital offers leverage of up to 500x, and that part of the funds were deposited via the USDT stablecoin, making it more difficult to trace the funds.
Public information shows that StarBridge Capital's business scope covers forex, commodities, indices, cryptocurrencies, and more, and it publicly claims to be a licensed and compliant international trading platform. (Caixin)
Odaily News: Bitcoin treasury company BSTR Holdings has announced an agreement with Cantor Equity Partners to terminate the business combination agreement signed on July 16, 2025. The termination is attributed to the continued valuation pressure on Bitcoin and listed Bitcoin treasury companies in the current market environment, which has led to a mismatch in the capital markets, limiting the amplifying effect of financing tools such as convertible bonds and perpetual preferred stock in Bitcoin treasury strategies. BSTR stated that it will continue to advance its institutional-grade Bitcoin asset management business once market conditions stabilize. (Businesswire)
According to Odaily, monitoring by Lookonchain shows that 3 days ago, Ethena transferred 170 million ENA to FalconX, valued at $14.09 million. Just now, Ethena reclaimed the 170 million ENA from FalconX, valued at $23.68 million. The token's value increased by $9.59 million within 3 days, a surge of 68%.
Odaily News U.S. stock premarket briefing: Key market highlights investors should watch are as follows:
1. The three major U.S. stock index futures edged higher. Dow Jones futures rose 0.64%, S&P 500 futures gained 0.51%, and Nasdaq 100 futures climbed 0.74%.
2. International oil prices fluctuated within a narrow range. WTI crude oil futures rose 0.22% to $87.022 per barrel; Brent crude oil futures gained 0.28% to $94.047 per barrel.
3. International spot gold and silver strengthened across the board. Spot gold rose 1.30% to $4,577.85 per ounce; spot silver gained 1.84% to $69.32 per ounce.
4. Europe's three major indices ticked higher. The UK FTSE 100 rose 0.20%, France's CAC40 gained 0.20%, and Germany's DAX30 climbed 0.34%.
5. Micron's CEO stated that AI is fundamentally reshaping the memory industry's outlook, creating a more durable source of demand for memory chips. He added that current customer demand exceeds what Micron can commit to supply by approximately 50%.
6. OpenAI has launched a new feature that allows users to control Apple's iMessage service via ChatGPT on Mac. Industry observers believe this feature could directly compete with Apple's Siri AI, which is expected to launch next month.
7. Anthropic plans to roll out a new security system for its Claude chatbot later this year. The system will still retain enterprise customer data for 30 days but will allow data to be stored on enterprises' own cloud servers.
8. Musk's latest announcement suggests that the plan to recover the Starship upper stage may be delayed by several months, with the next Starship test flight potentially occurring at the end of this year or early next year.
9. Musk stated that SpaceX aims to launch approximately 10,000 missions per year by 2030, and that SpaceX's revenue growth by the end of the 2030s will far exceed 2,000%.
10. A Manhattan bankruptcy court has postponed approval of Google's $10 million acquisition of Spirit Airlines' data.
11. Bank of America noted that Treasury Secretary Bessent's buyback plan is akin to "quasi" quantitative easing, and if it fails to bring the 30-year Treasury yield below 5%, it could fuel bearish bets on risk assets.
Odaily News: Quantum X Labs has announced new achievements in its AI-driven quantum error correction project. The latest results are generated from real quantum hardware experiments based on Google's publicly available surface code dataset. The decoder's performance has improved, supporting the company's roadmap toward reliable fault-tolerant quantum computing. (Jin Shi)
Odaily News: NVIDIA is in deep talks with Cloverleaf Infrastructure, a data center power infrastructure developer, to invest hundreds of millions of dollars to expand its footprint in the AI infrastructure space.
Cloverleaf Infrastructure is primarily responsible for securing stable power supplies and developable land for large-scale data center projects. Its current pipeline of data center power capacity exceeds 10 gigawatts (GW). If the deal goes through, NVIDIA will further lock in future data center capacity, securing the infrastructure necessary to deploy its AI chips.
In recent years, as demand for AI computing power has grown rapidly, power availability has become a key constraint on data center expansion. NVIDIA has also been making continued investments in related energy infrastructure companies, including power developer Lancium and SoftBank-backed SB Energy, signaling its evolution from a chip supplier into a participant in the broader AI infrastructure ecosystem.
Odaily News: Crypto KOL Ansem said on a podcast that Robinhood is a potential dark horse in this market cycle, given its public support for on-chain activity (including meme coins and RWAs) and its rapid listing of tokens. Ansem believes that Robinhood's proactive stance is likely to attract more retail liquidity and innovative projects, highlighting the rapid adaptation of traditional financial platforms to the crypto space.
