[Coin World] Nasdaq-listed Bitcoin mining company Core Scientific announced its financial performance report for the second quarter of fiscal year 2025, revealing that the mining revenue for the second quarter was $62.4 million, down from $110.7 million in the same period last year, primarily due to a 62% decline in Bitcoin mining output; additionally, the company's digital asset custody mining revenue was $5.6 million, also lower than $24.8 million in the same period last year, with a gross profit of $5 million, compared to $38.8 million in the same period last year. In response to market concerns about the opposition to selling to CoreWeave in all-stock form, Core Scientific stated that the transaction is still pending, requiring approval from the company's shareholders and customary closing conditions, including approval from applicable regulatory agencies.

According to reports, World Liberty Financial, invested by the Trump family, plans to establish a publicly listed company that will hold its WLFI Token and join the trend of digital asset financial companies. According to insiders, the structure of the deal is still being finalized, with a financing target of approximately $1.5 billion. The company has been in talks with large investors in the technology and crypto assets industry regarding this joint venture. It is said that negotiations are progressing rapidly.

[Coin World] Zelensky needs to be ready to sign some documents. We are seeking to reclaim some territories and conduct exchanges; partial territorial exchanges will benefit both sides (Russia and Ukraine).

On August 9, the founder of Strategy, Michael Saylor, stated in an interview that over $100 trillion from traditional stock and credit markets could flow into digital asset-backed instruments, which will outperform fiat currencies.

[Coin World] The market shows that BTC has fallen below 116,000 USD, currently quoted at 115,988.01 USD, with a 24-hour decline of 0.55%. The market fluctuation is significant, please ensure proper risk control.

[Block Rhythm] On August 8th, regarding the question of "which stage the crypto market is currently in," a data platform's Diwan pointed out that historically, Bitcoin's most significant price appreciation occurs between the 500th and 720th days after the Halving. Diwan mentioned that in the cycles of 2016 and 2020, Bitcoin reached its peak during this window period. "If this pattern repeats, then we should follow the potential accelerated rise that may occur between the third quarter of 2025 and the early first quarter of 2026. Compared to the previous post-Halving periods, the price movement in this cycle is noticeably more subdued."
Hougan of Bitwise Asset Management stated that the four-year cycle has ended, but for it to be officially declared dead, Bitcoin needs to perform well in 2026.

[BitPush] American cryptocurrency mining company CleanSpark disclosed that some Bitcoin Mining Rigs imported between April and June 2024 were identified by U.S. Customs as being of Chinese origin, potentially facing punitive tariffs of up to $185 million. CleanSpark denies the allegations, stating that its procurement contracts and supplier documents indicate that the Mining Rigs are not made in China and will resolutely respond to the accusations.
According to reports, the mining company IREN previously encountered a similar controversy, involving an amount of 100 million dollars.

If Ethereum breaks through $4100, the intensity of short order liquidation will reach 864 million; if it falls below $3900, the intensity of long order liquidation will reach 668 million. The liquidation chart reflects the degree of impact that price fluctuation has on market response.

[Chain News] On August 8, it was reported that 10 Bitcoin ETFs had a net inflow of 2,195 BTC (approximately $256 million) in a single day, among which a certain asset management company saw an inflow of 1,191 BTC (approximately $139 million) and currently holds 739,362 BTC (approximately $86.23 billion). 9 Ethereum ETFs had a net inflow of 43,329 ETH (approximately $16.9 million) in a single day, with a certain asset management company seeing an inflow of 26,604 ETH (approximately $10.4 million) and currently holding 2,987,576 ETH (approximately $1.167 billion).

[Coin World] On August 8th, according to data platforms, XRP futures trading volume surged, with a 24-hour volume increase of 208%, reaching 12.4 billion USD, surpassing SOL's 9.6 billion USD. Open interest climbed to 5.9 billion USD (+15%). Analysis indicates that the current market's funding rate suggests a high number of long positions, and if the price falls, it may increase the liquidation risk.

[Bi Push] According to data platforms, the volume of XRP futures trading surged, with a 24-hour volume pump of 208%, reaching 12.4 billion USD, surpassing SOL's 9.6 billion USD. The open interest climbed to 5.9 billion USD (+15%).
Analysis indicates that the current market funding rate suggests a higher number of long positions. If the price drops, it may increase the liquidation risk.

On August 8, according to monitoring, a newly created Wallet withdrew 4000 ETH from a certain trading platform, worth 15.65 million USD, and may stake through Lido.

Vitalik Buterin mentioned that Visa's decentralization concept is similar to modern DAOs, but is now seen as a value extraction institution. He believes that Visa's transformation provides a reference for the development of Web3 and encryption networks, mentioning the "Chaordic Organization" concept of Visa's founder, emphasizing the importance of decentralized governance.

[Coin World] BIO Protocol announced that since the launch of V2 version earlier this week, the total amount of BIO tokens staked on the platform has exceeded 100 million, accounting for more than 5% of the circulating supply. The upgrade of V2 version introduced a brand new BioXP points system, allowing users to earn points through staking and use them to qualify for participation in future pre-sale projects, promoting liquidity growth on the platform. In addition, its token BIO saw a price rise of over 50% in the past 24 hours after being listed on a trading platform a few days ago.

[Coin World] Huaxing Capital stated that Mr. Bao Fan officially resigned from his positions as Executive Director, Chairman of the Board, Chief Executive Officer, and all related roles on February 2, 2024, and will no longer be involved in the daily management and operations of the group. Huaxing Capital declined to comment on his personal life citing private reasons.

[Coin World] According to data from the data platform, in the past 7 days, the RWA protocol StableStock, which focuses on the stock market, has been the project with the most new social platform top influencers following it. New influencers who have followed this project include Block Mr., crypto assets analyst Phyrex, and Aussie Lion BroLeon.

[Coin World] According to reports, due to the increase in staked ETH and regulatory support for liquid staking, the transaction volume on the Ethereum network has soared to an all-time high. The U.S. Securities and Exchange Commission clarified that certain liquid staking activities do not qualify as securities, which has sparked institutional interest. Driven by corporate staking and an increase in treasury holdings, the price of Ethereum has surged 163% since April. Earlier this week, the blockchain's seven-day average daily transaction volume reached 1.74 million, surpassing the previous record of 1.65 million set on May 12, 2021.

According to the latest announcement, a Bitcoin treasury company has completed an additional $65 million financing, equivalent to approximately 555 Bitcoins (calculated at the current price of $116,750).
The funds will be officially activated after the merger of the company with CEPO is completed. It is reported that the merged company will trade under the stock code "BSTR" and plans to hold 30,021 Bitcoins.

ETF expert Nate Geraci expects that after the resolution of the Ripple lawsuit, BlackRock will submit an XRP ETF application to the SEC to promote the diversification of crypto portfolios. He emphasized that ignoring other crypto assets is meaningless.