Odaily News: GnosisDAO has approved the transition of the blockchain network Gnosis Chain from a standalone Layer 1 network to a zero-knowledge proof-based Ethereum Economic Zone (EEZ) Rollup. The network will eliminate its independent validator set and instead rely on Ethereum validators to settle transactions.
The proposal received 123,158 GNO in favor, 115 against, and 151 abstentions, involving 54 participants with a total participation of 123,425 GNO, exceeding the quorum threshold of 75,000 GNO. The upgrade is initially planned to launch in late 2026 or early 2027, depending on the technical readiness of the EEZ.
After the upgrade, Gnosis Chain's native smart contracts will be able to call Ethereum and use the returned results within the same transaction, while also accessing Ethereum mainnet assets and liquidity. Gnosis Chain will become the first deployed EEZ instance, retaining its existing applications, balances, and xDAI fuel token. (Cointelegraph)
Odaily reports that, according to US financial media Semafor, President Trump's latest move to avoid escalating military action in Iran comes as the US believes the talks between Iran and Oman—which previously appeared to be a rare and productive negotiating channel—have reached a stalemate. A US official and a White House official stated that the US government believes the talks between Iran and Oman broke down weeks ago. Those talks had raised the possibility of reaching a toll agreement in the Strait of Hormuz, which frustrated Trump. The Omani embassy did not respond to the US assessment of the negotiations. Nevertheless, Trump continues to describe the situation in Iran as "very good" and remains optimistic that economic pressure can force Tehran back to the negotiating table, even though he has suspended future talks for the foreseeable future. Last night, Trump took to social media to threaten an "economic war" against Iran, stating that the US would impose sanctions on any country that conducts business with Tehran.
Odaily News: The whale "Set 10 Big Goals First" has again reduced its short positions by 1,169.625 BTC and 24,700 ETH to stop losses. It still holds 1,066.759 BTC and 4,632.162 ETH, with the remaining positions showing unrealized losses exceeding $1.9 million.
Odaily News, OKX market data shows that HYPE briefly broke through $73.4, with a 24-hour increase of 26%.
According to Odaily Planet Daily, data from GMGN shows that the BSC Meme coin BullRun has surged in the short term, with its market cap exceeding $73 million and setting a new all-time high. It is now reported at approximately $64 million, with a daily increase of over 56%.
Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.
Odaily News: A BIT-linked whale previously faced an unrealized loss of approximately $88.5 million. With its 120,000 ETH holdings still unsold, the price has returned near its cost basis. As of press time, the whale's four addresses collectively hold approximately 120,000 ETH, with a position value of about $271 million and an average entry price of $2,261.23. Following the ETH rebound, its position briefly broke even this morning, but a slight pullback has brought the total unrealized loss to roughly $108,000. After completing its position buildup, the entity continued to hold and topped up margin, with the liquidation price now lowered to approximately $1,195.95. Factoring in the cumulative funding fees of approximately $4.9 million paid since opening the position, the whale has not yet fully recovered its capital.
Odaily reported that among 3,244 crypto projects with funding records spanning no more than four years and verifiable amounts, 1,617 have cumulative funding of no more than $5 million, accounting for 49.8%, with a median funding amount of $2.5 million. Approximately 96% of these projects completed only a single funding round.
By sector, DeFi, infrastructure, and gaming projects together account for 59.2%. Additionally, 92.9% of projects have identifiable investors, and 83.5% have disclosed at least two investors. However, roughly a quarter of the projects in the sample have ceased operations.
The U.S. SEC proposed the "Regulation Crypto Assets" framework on August 18, which introduces two tiers of issuance exemptions: one tier allows projects to raise no more than $5 million cumulatively over four years; the other allows projects to raise up to $75 million every 12 months, subject to filing financial statements and fulfilling ongoing reporting obligations. The proposal is currently in a 60-day public comment period and has not yet taken effect.
Odaily News: According to on-chain analyst Ai Yi's monitoring, a whale who was shorting $85.58 million worth of Bitcoin with leveraged positions has been liquidated for 240 BTC, incurring a loss of $1.112 million. The remaining 960 BTC have a liquidation price of $71,856, with a liquidation margin of $442.
Odaily News: According to Lookonchain monitoring, over the past 30 minutes, 281 BTC from one address were liquidated, valued at $20.12 million; and 240 BTC and 3,738 ETH from another address were liquidated, valued at $17.15 million and $8.5 million, respectively.
Odaily News: According to on-chain analyst Ai Yi's monitoring, a major whale has opened a 20x short position of 500 BTC, valued at $35.8 million, with an entry price of $70,892.7. Additionally, limit sell orders totaling $21.64 million have been placed within the $71,800–$72,500 range. If the price continues to rise, further short positions may be added.
Odaily News: In response to lawmakers' inquiries, South Korea's Ministry of Economy and Finance and the National Tax Service stated that crypto asset income will be classified as other income, subject to a deduction of 2.5 million KRW and a 20% tax rate, with a maximum rate of 22% after including local taxes. The relevant regulations will take effect on January 1, 2027. The National Tax Service acknowledged practical difficulties in tracking personal wallet transactions and will introduce transaction tracking and analysis programs to prevent taxation gaps. Information on overseas exchanges will be collected through the foreign financial account reporting system and the crypto asset automatic information exchange system. Regarding income from staking, lending, airdrops, and hard forks, the two agencies stated that they are separately developing taxation standards and noted difficulties in reasonably estimating the scale of tax revenue.
Odaily News, according to HyperliquidNews monitoring, the Hyperliquid native token long position linked to @smartestmoney is the most profitable perpetual contract position in the past 24 hours, holding 1.38 million Hyperliquid native tokens worth $98 million, with a profit of $17.71 million over the past 24 hours and an intraday peak of $19 million. The long position was opened 314 days ago at $38.6755, has paid $4.721 million in funding fees, and has unrealized profits of $44.974 million. This long position is also the largest position on the entire Hyperliquid platform and the largest Hyperliquid native token position, accounting for 5.84% of the pair's open interest.
According to GMGN data, Odaily reports that the BSC Meme coin BullRun has surged in the short term, breaking through a $50 million market cap and setting a new all-time high. It is now reported at approximately $52 million, with a daily increase of over 25%.
Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.
Odaily News: Data from Binance's live trading shows that the trader "First Set 10 Big Goals" has been continuously reducing BTC and ETH short positions since around 16:00 today. Notably, they have closed multiple BTC shorts at approximately $71,000, each covering 100 BTC. Additionally, they closed 7,362.336 ETH shorts at an average price of $2,277.84, valued at around $16.77 million.
Odaily Planet Daily News According to on-chain analyst Ai Yi's monitoring, trader Trader-DoshiAtoll (0x66f889...75a9) rolled over a short position worth $85.58 million in Bitcoin last night and is now on the verge of liquidation, with only $113.1 in liquidation space remaining. The trader currently holds a 40x short position of 1,200 BTC with an entry price of $66,891.7 and an unrealized loss of $5.336 million; in addition, they hold a long position of 18,688.3 ETH with 25x leverage, valued at $42.45 million, with an entry price of $2,270.43 and an unrealized profit of $180,000.
Odaily News: After Bitcoin broke through $71,000, the whale "Set 10 Big Goals First" is currently facing losses exceeding $4.2 million on its BTC and ETH short positions. Among them, the BTC short position uses 4x leverage, totaling 2,236.384 BTC, with an entry price of $69,826.87, currently incurring losses of approximately $3.52 million; the ETH short position uses 6x leverage, totaling 29,316.677 ETH, with an entry price of $2,254.74, currently incurring losses of approximately $750,000.
