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CryptoQuant analyst Darkfost stated that the BTC that has not moved for over 10 years (considered "lost" supply) has reached a new high of 3.56 million coins, accounting for approximately 17.7% of the circulating supply.He mentioned that while there are occasionally some long-dormant coins that become active again, overall, this portion of "lost" supply continues to increase. In the past 30 days, over 14,000 BTC have joined this long-dormant category. This trend will naturally reduce the actual circulating supply of Bitcoin.

IREN Co-Founder and Co-CEO Daniel Roberts stated that each new AI data center will further increase rather than decrease AI demand.Roberts believes that simply comparing the current AI infrastructure cycle to past technology booms is misleading. More powerful AI requires more computing power, and lower-cost AI will drive more users and applications to use AI.He pointed out that each leap in AI capabilities creates a large number of new application scenarios that did not exist before, so demand can grow rapidly at the pace of software development, but the supply of computing power cannot expand at the same speed.The construction of computing power infrastructure is limited by real-world conditions such as power access, transmission lines, concrete, steel, and construction personnel, making it difficult to quickly increase the speed of supply expansion.Roberts stated that in past technology boom cycles, technological advancements often helped the supply side catch up with demand, but the current AI technology itself is driving demand to grow exponentially, while the speed of infrastructure construction in the real world struggles to keep up.

On-chain analysis firm Glassnode stated that the native support for Bitcoin has begun to disappear. The large buy walls accumulated below the price in June have started to withdraw, and the remaining support is clearly thinning, forming a weaker bottom structure.Glassnode indicated that it continues to closely monitor this indicator in its weekly updates, showing that the liquidity and buy thickness below the market are weakening, and attention should be paid to the subsequent price volatility risks.

Bitget announced that it has upgraded its CFD products, further optimizing the leverage and margin mechanisms for XAUUSD and USDCNH. Specifically, when the nominal value of the XAUUSD contract is below $100,000, a maximum leverage of 800 times is supported; when the nominal value of the USDCNH contract is below $1,000,000, a maximum leverage of 100 times is supported. For positions exceeding the corresponding ranges, the platform will adopt a tiered margin calculation mechanism, with the margin rate dynamically adjusted as the nominal value of the position increases.This upgrade enhances the efficiency of capital use and strategic flexibility in CFD trading through a more flexible leverage and margin tiering mechanism, providing professional traders with more options for strategy allocation in different market environments.

According to CCTV Finance, a very rare scene this week is that Jensen Huang teamed up with six Wall Street asset management giants to endorse "making AI computing power an independent asset class." Analysts believe this is Jensen Huang practicing the concept of token economics he proposed, and it also marks that the AI boom is extending from a technological competition to a capital competition.However, the latest plan has also raised investors' concerns about "revolving financing" and debt risks. In response to the doubts, Jensen Huang once again personally stepped in to calm the market. He stated that Nvidia might "provide up to 25% residual value support mechanism for individual investment projects" and will carefully evaluate each project. After that, market sentiment was slightly alleviated.

Binance founder Zhao Changpeng posted on social media, "As of August 2026, over 20.07 million Bitcoins have been mined, with only about 4.4% of the supply left to be mined. I estimate that 10-20% of the existing Bitcoins are lost, stuck, or unrecoverable. It is a deflationary asset."

According to the official announcement from Bitget, the platform has officially launched Stock+ US stock margin trading services. Users only need to open a Bitget Stock+ account to use this feature. The first batch supports margin trading for over 3,800 underlying stocks and short selling for over 2,300 underlying stocks (currently only supporting short selling ETB), with a maximum leverage of 3 times. Among them, the annual interest rate for margin trading is 5%; during the promotional period for short selling, the annual interest rate is as low as 0%.The launch of this product further enriches the trading scenarios for US stocks in Stock+. Users can use margin trading to borrow funds to buy securities by using securities or assets in their accounts as collateral; they can also borrow securities to sell through short selling, and buy them back to return after the stock price drops, in order to meet the needs of both long and short trading and improve capital efficiency.

According to The Block, StablecoinX (USDE) announced its first quarterly performance report after going public. As of the end of the second quarter of 2026, the company holds approximately 3 billion ENA, accounting for about 20% of the total ENA supply. At current prices, this is worth over $250 million; based on 24 million Class A shares outstanding at the end of the quarter, this corresponds to about $9.09 per share.After the news was released, StablecoinX's stock price rose by more than 12% during Friday's morning session. StablecoinX reported a net loss of $34.2 million in the second quarter, most of which came from a $36.2 million impairment of digital assets related to its ENA holdings. The company's operating business is still in its early stages, with infrastructure service revenue of only $62,372 in the last two weeks of June, while its decentralized validation nodes have accumulated cross-chain transaction volumes exceeding $3 billion.StablecoinX began trading on Nasdaq under the ticker USDE on June 26. Approximately 285 million ENA in its treasury comes from the Ethena Foundation, with another approximately 2.75 billion coming from cash and physical investments from PIPE financing.

Grayscale Research Director Zach Pandl stated that the two major blockchain networks, Ethereum (ETH) and Solana (SOL), are considering adjusting their token economic models to enhance asset scarcity by reducing future token supply growth through lowering annual inflation rates. As important native assets supporting stablecoins and tokenized asset ecosystems, the prices of ETH and SOL are primarily determined by supply and demand dynamics. If the relevant code upgrade proposals are approved, under unchanged conditions, lower supply growth may provide support for token prices.According to Grayscale's analysis, if the relevant adjustments are implemented, the supply inflation rates of BTC, ETH, and SOL will continue to decline over the next five years. By the end of 2031, the annual inflation rates for Bitcoin and Ethereum are expected to be around 0.4%, and Solana around 1.1%, which is lower than gold's annual supply growth rate of about 1.8% and the U.S. CPI inflation level of about 3.3%. Currently, these token economic adjustments are still in the community discussion phase. Among them, the Solana-related proposal has gained broader support and has a higher likelihood of implementation; the Ethereum proposal still requires further discussion.If the adjustments are implemented, staking users may face reduced token rewards, as part of the staking income comes from the issuance of new tokens. However, due to the decline in the growth rate of circulating supply, the scarcity value of the tokens may increase, potentially providing price support. For ETH and SOL holders who do not participate in staking, they may benefit directly; the final returns for stakers will depend on the balance between the decrease in rewards and the increase in prices. Zach Pandl concluded that ETH and SOL are becoming important digital commodities supporting stablecoins and the tokenization of real assets, and the economic model adjustments aimed at reducing inflation may further strengthen their scarcity attributes.

According to the official announcement, Bitget CFD will adjust the leverage and margin tier rules for XAUUSD (gold against the US dollar) and USDCNH (US dollar/offshore RMB) starting from August 15.Among them, when the nominal value of the XAUUSD contract is below $100,000, a maximum leverage of 800 times can be supported; when the nominal value of the USDCNH contract is below $1,000,000, a maximum leverage of 100 times can be supported. For positions exceeding the corresponding range, the platform will adopt a tiered margin calculation method, and the margin rate will be adjusted as the nominal value of the position increases. Users can reasonably allocate their positions according to their asset needs.

According to the official announcement, Bitget has added 14 stock spot rTokens including rPDD (Pinduoduo), rABNB (Airbnb), and rSONY (Sony) to support weekend trading. After this update, the number of stock tokens supported for weekend trading on the platform has increased to 93. During the U.S. stock market closure, the platform will generate weekend continuous trading prices based on Friday's closing price, market maker quotes, and market expectations. This feature supports limit orders and take profit/stop loss settings. To prevent abnormal fluctuations, the system has a protection limit of approximately ±20% on weekend limit orders.It is reported that the rTokens identified by the letter r + stock code (for example, rNVDA for NVIDIA) are issued by Reality, a licensed RWA protocol under Bitget, which connects directly to global liquidity pools such as NASDAQ and NYSE through collaboration with compliant broker Alpaca. Its features include: 1:1 reserves of underlying assets held by licensed custodians, stock dividends distributed in token form at a 1:1 ratio, corporate actions such as stock splits and consolidations mapped in real-time, and positions can serve as joint collateral for unified accounts and U-based contracts, allowing users to flexibly manage funds while holding global stock assets.

Tonight at 20:30, we will once again welcome the U.S. July retail sales data, known for its "terrifying data" reputation. This data will directly reflect the consumption willingness and purchasing power of American residents, serving as a key barometer for determining whether the economy is experiencing a soft landing or a stall.If the data is significantly stronger than expected, it may reinforce the narrative that "the economy still has resilience," boosting the dollar and dampening interest rate cut expectations; if it is significantly weaker than expected, it may exacerbate recession concerns and further boost precious metals and risk-averse sentiment.

According to the official announcement, all spot trading pairs of Bitget's unified account now support leveraged trading, including stock spot rToken. Users can directly enable leverage and borrow funds to place orders on the spot trading page without the need for additional fund transfers.This feature is applicable to the advanced mode of the unified account and the Delta neutral mode. The specific availability of leveraged trading depends on whether the required currency for the trading direction supports lending. App users can upgrade to version 2.91.1 to experience the related features. For more details, please refer to the Bitget official platform.

On-chain analyst Murphy stated that currently, all chips bought in BTC in 2025 are basically in a state of loss. Therefore, apart from wallet migrations, the reduction in the scale of 2025 chips likely means that holders are cutting losses and selling. Data shows that as of now, approximately 4.77 million BTC chips bought in 2025 remain, a decrease of 41.5% from the peak in December last year.From the downward trend, this group has experienced two phases: a rapid decrease in chips before February this year, and a significant slowdown in the rate of decline after February, although it still maintains a certain slope. Murphy believes that the 2025 chips may be the largest potential supply side in the current market scale. In contrast, the BTC chips formed in 2024, 2023, and 2022 have basically completed the release of high-level locked positions due to still having unrealized gains, and the slope of the curve is gradually flattening, indicating that the selling pressure from long-term holders is weakening.Historical data shows that during the bottom phases of the past two bear markets, high-level chips have shown a significant decline: at the bottom of the bear market in 2022, the chips bought at high levels in 2021 decreased by about 51%; at the bottom of the bear market in 2018, the chips bought at high levels in 2017 decreased by about 62%. If we refer to historical cycles, Murphy believes that in this bear market bottom phase, the reduction of high-level chips in 2025 may be in the range of 50%-60%, and the current decline of 41.5% indicates that there is still some room for release. However, this judgment has not yet considered the BTC bought by institutional investors such as spot ETFs and MicroStrategy, as this portion of chips is mostly in a long-term locked state, which may reduce the actual market supply pressure.

According to The Block, Bitwise has partnered with Superstate to explore the tokenization of its Bitwise Solana Staking ETF (BSOL).ETF expert Nate Geraci commented that in the coming months, asset management companies will release a large number of such press releases.

Zhao Haijun, Co-CEO of SMIC, stated that the demand for AI-supported chips has increased by 40%.

According to Onchain Lens monitoring, Hyperliquid has burned 19,750 HYPE in the past 24 hours, worth 1.13 million USD; during the same period, the protocol generated 1.6 million USD in fees.Hyperliquid has cumulatively burned 47.67 million HYPE, worth 2.75 billion USD, accounting for 4.77% of the maximum supply of 1 billion coins.

According to the official announcement, Binance has announced support for users to deposit eligible third-party tokenized stocks and convert them 1:1 into corresponding bStocks. During the event period (until August 26 at 23:59 UTC), the conversion rate is fixed at 1:1 and is free of charge.Currently, it supports four assets: Tesla (TSLAon), MicroStrategy (MSTRon), Coinbase (COINon), and Circle (CRCLon), with versions available on both the ETH and BSC chains. The converted bStocks can be traded around the clock or redeemed 1:1 for the underlying stocks.Binance stated that the deposited third-party tokenized stocks can only be held or converted into bStocks and cannot be used for spot trading.

The on-chain data visualization analysis platform Bubblemaps has issued a warning that the Meme coin XST, which is being heavily promoted on TikTok, has a high risk of supply concentration—74% of its total supply is controlled by a small group, exhibiting typical Rug token characteristics. The current market value of this token is approximately 70 million USD.Bubblemaps urges investors to stay away from such projects and to ignore similar content if seen on TikTok's recommendation page.In recent years, TikTok has become an important distribution channel for low-quality Meme coins, creating an illusion of credibility through AI-generated celebrity videos and false associations, combined with the token's concentrated holding structure, resulting in typical high-risk Rug tokens after the hype fades.

The digital asset trading platform Gate has completed the functional upgrade of the Gate Card product, officially launching the card balance withdrawal feature. After users recharge to the Gate Card, in addition to being used for global consumption, they can also exchange the card balance for USDT at real-time exchange rates and transfer it to the Gate spot account, which can be used for subsequent trading, wealth management, or other asset allocation, further enhancing the flexibility of fund usage and management with the card.Currently, the Gate Card has integrated with the Visa and Mastercard global payment networks, covering over 200 countries and regions, and can be used at approximately 150 million merchants worldwide. It supports online consumption, offline payments, ATM withdrawals, and payment methods such as Apple Pay and Google Pay. With the launch of this withdrawal feature, the Gate Card further connects the complete chain from fund recharge, consumption use to balance return, providing users with a more flexible digital asset payment and fund management experience.