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first_img VanEck Research Director: Bitcoin Can Perform Well Under Democratic Governance

Matthew Sigel, the Head of Digital Asset Research at the asset management company VanEck, stated on CNBC that Bitcoin does not need a Republican president to perform well, and former President Biden is not anti-Bitcoin. Sigel pointed out that despite Republicans repeatedly criticizing Democrats for being anti-cryptocurrency, and the regulatory agencies under the Biden administration suing digital asset companies, Bitcoin can still develop healthily under Democratic governance.Sigel also discussed the delay in the legislation of the Clarity Act, which aims to establish a classification framework for digital assets and clarify the regulatory jurisdiction over securities, commodities, or payment stablecoins. Some Republican senators accused Democrats of delaying the legislation, while Coinbase's Chief Policy Officer Faryar Shirzad believes that the opposition mainly comes from older Democrats, and the younger generation better understands technological changes, making cryptocurrency potentially the most bipartisan issue in Washington.Recently, Bitcoin has shown strong price performance, rising nearly 24% in the past seven days, reaching as high as $81,160, and currently retreating to about $78,438. Previously, the Trump administration promoted the establishment of a Bitcoin strategic reserve and issued several executive orders supporting cryptocurrency.

first_img The British judge rejected the extradition defense of the former CEO of Saitama, and the case has been transferred to the UK government

According to a report by Reuters, British judge Samuel Goozee dismissed the extradition defense of former Saitama CEO Manpreet Kohli on August 19 and transferred the case to the UK government to make a decision on the US extradition request. Kohli can still appeal, and the extradition has not been finalized; he is currently released on bail set at £200,000 (approximately $272,400).US prosecutors have charged Kohli with wire fraud, market manipulation, and related conspiracy, as well as operating an unlicensed remittance business, involving the Ethereum-based token Saitama, which once had a market value of about $7.5 billion. Kohli defended himself by arguing that the US could not adequately handle his mental health and the risk of suicide during detention, but the judge believed that the transfer and the safeguards of the US prison system could reduce the risk to an acceptable level. Previously, a federal judge in Boston had also dismissed his motion to dismiss the charges.The case stems from the "Operation Token Mirrors" investigation initiated by the US Department of Justice in October 2024, involving fraud and wash trading. Prosecutors allege that 18 individuals, including Kohli, coordinated multiple wallets to purchase tokens and paid ZM Quant and Gotbit to conduct wash trading on several exchanges, with Kohli suspected of profiting about $20 million. Gotbit has admitted to manipulating token prices and trading volumes and was ordered to pay $23 million in June 2025, while its founder Aleksei Andriunin was sentenced to 8 months in prison.

first_img The MultiversX Supernova upgrade will decouple consensus from execution, with the mainnet expected to activate on September 10

The Supernova upgrade of MultiversX decouples consensus from execution, allowing the network to reach consensus on blocks before processing transactions. Before the upgrade, block production followed a sequential model: proposers selected transactions, executed them locally, and submitted blocks containing the results, while validators had to re-execute the same transactions before voting, making execution part of the consensus critical path. Supernova changes this order: proposers select transactions and directly propose blocks without prior execution; validators can immediately vote once they confirm the proposal complies with protocol rules, while execution occurs asynchronously in the background, with execution results typically referenced and notarized in the next block header, lagging consensus by about one block (approximately 600 milliseconds).To address the validity verification issues brought by decoupling, Supernova introduces a virtual memory pool state that tracks pending nonces, expected balance consumption, and transactions that have been proposed but whose execution results have not yet reached consensus, providing proposers with a forward-looking account view. Meanwhile, the Execution-Result Inclusion Estimator (EIE) limits the number of execution results that can be referenced in a block based on the capacity that the minimum specification node can safely handle; an automatic backpressure mechanism reduces block capacity when execution lags. Supernova has been producing 600-millisecond blocks on the testnet and devnet since August 20, with the mainnet expected to activate on September 10, 2026.

"The Fed's Mouthpiece": How Waller Explains Inflation Determines the Path He Will Take

According to Nick Timiraos, a reporter for the Wall Street Journal, known as the "Fed's megaphone," in his latest article, Federal Reserve Chairman Kevin Walsh will face a core issue during his first major speech this week in Jackson Hole: whether the persistently high inflation in the United States is caused by one-time shocks such as tariffs and wars, or if the economy itself is still overheating.This judgment will directly determine the direction of interest rates and is currently the biggest divergence within the Federal Reserve. In the July meeting, three officials supported a rate hike, while other officials indicated the possibility of further tightening policies, but Walsh has not made a clear statement. Since taking office, he has deliberately reduced policy guidance, and now both the market and his Federal Reserve colleagues are waiting for him to systematically explain his judgment for the first time.The key to Walsh's term ultimately depends on how he explains why the previous policies failed to bring inflation back to 2%. If the policies of lowering interest rates and supporting employment over the past two years were fundamentally wrong because the labor market is actually stronger than the Federal Reserve judged, then Walsh needs to push for a reversal of interest rate cuts. However, this would conflict with the previous demands from Trump and Bessenet for further rate cuts.

Strive to become the 7th largest publicly traded company holding Bitcoin, with approximately 1.7 billion dollars in Bitcoin

Bitcoin News posted on the X platform that Strive Asset Management purchased 1,110 bitcoins for approximately $81.5 million, increasing its bitcoin holdings to 21,356 bitcoins. Based on a bitcoin price of about $80,000, the holdings are valued at approximately $1.7 billion, making it the seventh largest company by bitcoin reserves among publicly traded companies.According to documents submitted to the U.S. Securities and Exchange Commission, Strive completed the purchase between August 17 and 21, with an average purchase price of $73,409 per bitcoin, including fees and related expenses. This purchase increased its bitcoin holdings by approximately 5.5% from the previous 20,246 bitcoins.Strive raised funds through the issuance of ASST common stock and SATA preferred stock to execute its bitcoin reserve strategy. During the same period, its Class A shares increased by approximately 3.65 million shares, reaching 79.89 million shares, and it issued 441,313 shares of SATA preferred stock. Due to the increase in the number of shares, Strive's total bitcoin holdings grew by approximately 5.5%, but the bitcoin holdings per fully diluted share only increased by about 1.4%.Strive CEO Matt Cole posted on the X platform that the company added 1,110 bitcoins at an average cost of $73,409 per bitcoin, bringing the total holdings to 21,356 bitcoins.Previously, in August, Strive purchased 147 bitcoins at an average price of over $64,800 per bitcoin, and subsequently purchased 79 bitcoins at an average price of $63,231 per bitcoin, totaling 226 bitcoins. In June, Strive purchased 2,500 bitcoins for $185.2 million, increasing its holdings to 19,000 bitcoins.As of August 21, Strive's cash and cash equivalents increased from approximately $154.8 million to $171.9 million. The price of SATA preferred stock is approximately $100, and the annualized dividend yield was raised to 13% in April.

Zhipu has launched and open-sourced the "Niu Lai" model GLM-5.3-Flash

Zhipu officially announced the launch and open-sourcing of GLM-5.3-Flash, which is the first native multimodal model in the GLM-5 series.It is reported that the overall performance of GLM-5.3-Flash exceeds that of GLM-5.2, with programming and Agent evaluations approaching Claude Opus 4.8, but at only one-tenth the price of GLM-5.2. It also features a new foundational model, introducing a mixed architecture of sparse attention and linear attention for the first time in the main GLM series, and is pre-trained with 30T Token multimodal data.Zhipu stated that to gather extensive and professional feedback from a wide range of users, large-scale testing was conducted with the anonymous model Ox-Alpha (referred to as "Niu Lai" in the Chinese community) on OpenCode and OpenRouter before the official release. Ox-Alpha quickly became the most popular model of the week, setting a new high for call volume on both platforms, with all request traffic supported by domestic chip computing power.Previously, the community's DeepSWE small sample test for Ox Alpha once achieved 80%, but that was based on only 10 questions. After expanding the sample, the score fell back to about 63%, and testers also actively corrected the initial claim. This score still belongs to the top tier, but is not as exaggerated as the initial 80%. After the weights are open-sourced, developers can directly deploy using frameworks like vLLM, SGLang, KTransformers, without needing to go through the anonymous model's API.
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