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According to GMGN data, the meme coin "Behemoth" on the BSC chain briefly surpassed a market cap of 2.7 million USD, currently reported at 1.04 million USD, with a 24H increase of 8251%. Meme coin prices are highly volatile, and investors should participate with caution.Previously, a developer announced the completion of the first real on-chain 4-bit processor (CPU) on the BNB Chain, which consists of 2251 logic gates, including NAND gates and flip-flops, and has been verified cycle by cycle. Its performance specifications are comparable to the 1971 Intel 4004 processor. This on-chain CPU is named "Behemoth" and has successfully run Fibonacci sequence calculations: 1, 1, 2, 3, 5, 8, 13. Due to the processor's operating rhythm being synchronized with the BNB Chain's block generation, it executes a cycle every 0.45 seconds, with a current operating frequency of about 2.22Hz, referred to by the developer as "possibly the slowest CPU in the universe."The developer stated that in the future, a complete protocol will be made public, allowing anyone to create their own on-chain processors based on this protocol, and supporting inter-calls between processors to build more complex on-chain computing systems in a "building block" manner. Regarding this project, Binance co-founder CZ responded to inquiries about its practical application scenarios: "What is the use case?" which sparked community discussions.

Tether CEO Paolo Ardoino stated that Tether is currently neither building any blockchain nor has plans to build a blockchain. The company will continue to remain chain-neutral and support multiple blockchains as the transmission network for USDT.

According to data from DefiLlama, Robinhood Chain's DEX trading volume in the past 24 hours exceeded $503 million, ranking fifth across all chains, only behind Solana, Ethereum mainnet, BNB Chain, and Base.

Vitalik Buterin and Etherealize co-founder and CEO Vivek Raman, supported by the Ethereum Foundation, warned that Wall Street's renewed enthusiasm for private, permissioned "consortium chains" is recreating a fragmented system, undermining the interoperability and liquidity that blockchain should bring, akin to "race to the bottom." He pointed out the rise of gated networks such as Digital Asset's Canton Network, Circle's ARC, and Stripe's Tempo, reminiscent of the R3 and Hyperledger consortium chains 2.0 from years past, where institutions will ultimately find themselves in a situation of competing consortium chains, needing permission or membership to participate.Raman emphasized that the Ethereum mainnet should serve as a globally open, permissionless foundation layer similar to HTTP, where institutions can overlay permission and privacy features at the application layer or L2 to achieve maximum interoperability and liquidity. Etherealize is committed to attracting TradFi to embrace Ethereum, which has already hosted billions of dollars in tokenized assets and supported a large amount of DeFi settlements. The company received seed funding from Buterin and the foundation in January 2025 and completed a $40 million Series A financing in the same year.He cited examples such as BlackRock's new fund based on Ethereum, stating that once regulations are clear, institutional funds are more inclined towards open network tracks that are not proprietary; choosing consortium chains would require paying the consortium and being bound by its rules, with incentives for non-early members quickly fading. Christian Catalini, founder of the MIT Cryptoeconomics Lab, also pointed out that if permissioned networks driven by enterprise sales become mainstream, some competitive benefits of blockchain may not be realized.

According to on-chain analyst Onchain Lens, Kanye West's YZY token will experience the largest unlock, with an unlock amount of 120.83 million YZY (approximately 35.26 million USD), accounting for 12.08% of the total supply of 1 billion tokens.

The Hong Kong Securities and Futures Commission has published multiple websites impersonating the licensed virtual asset trading platform Hash Blockchain Limited on its official website. It is reported that the relevant websites have been reported by Hash Blockchain Limited as fraudulent sites. At the same time, the Hong Kong Securities and Futures Commission clarified that the relevant websites have no connection with the virtual asset trading platforms licensed by the Commission.

According to monitoring by Onchain Lens, Chainlink has once again completed a LINK buyback operation, purchasing 127,740 LINK, worth approximately 1.12 million USD, and transferring the tokens to the reserve wallet.Data shows that Chainlink Reserve currently holds approximately 5.48 million LINK, valued at around 48.5 million USD, with an average purchase cost of 11.14 USD per LINK.

The Ethereum staking protocol Lido DAO officially interprets the NEST (Network Economic Support Tokenomics) mechanism, which binds the protocol's revenue to the value of LDO tokens through an on-chain automated method, achieving continuous LDO buybacks. The aim is to allow LDO holders to more directly share in the protocol's growth profits. This mechanism is supported by the surplus funds of the DAO treasury. When Lido's staking business revenue exceeds the set benchmark, a portion of the excess revenue will be automatically exchanged for LDO through CoW Swap.According to the initial parameters set by Lido DAO, the NEST revenue benchmark is an annualized $40 million (approximately $109,000 daily), with 50% of the excess allocated for LDO buybacks, a daily buyback limit of $50,000, and a cumulative limit of $10 million over 365 days. Buybacks are executed daily using a permissionless on-chain process.In the initial phase of NEST, a "Treasury-only mode" will be adopted, where purchased LDO will go directly into the DAO treasury. In the future, when market conditions are favorable, the DAO can switch to LP mode through on-chain voting, using half of the funds to purchase LDO and converting the other half into wstETH to provide Curve liquidity.

Binance Alpha announced that it will be the first platform to launch KiiChain (KII) on August 14. Eligible users can go to the Alpha event page to use Binance Alpha points to claim airdrops after the Alpha trading opens. Specific rules and details regarding the quota will be announced separately.

BNB Smart Chain (BSC) announced that the Pasteur hard fork will officially launch on the mainnet at 10:30 AM Beijing time on August 25 (02:30 UTC on August 25). Node operators need to upgrade to client version v1.7.7 in advance. This upgrade includes three improvements: BEP-682, BEP-695, and BEP-675, focusing on enhancing cross-chain security, validator governance mechanisms, and network throughput capacity.Among them, BEP-682 will strengthen the cross-chain bridge validation mechanism of the BNB Chain, preventing the risk of permission bypass caused by duplicate calculations of validator signatures, thus improving the security of cross-chain asset transfers. BEP-695 optimizes the validator key rotation mechanism, ensuring that old keys no longer retain management permissions after exiting, while also fixing potential vulnerabilities related to penalties and governance voting. In terms of performance, BEP-675 reduces the time consumption caused by validators repeatedly executing transactions by optimizing the block construction process.In the internal QANet testing environment of the BNB Chain, this solution increased throughput from 1237 TPS to 2324 TPS, while maintaining a block time of 450 milliseconds and a block limit of 100 million Gas, with the average Gas usage per block rising from 46.35 million to 84.15 million.BNB Chain stated that this upgrade is primarily aimed at validators and block builders, intending to provide greater capacity during network peak periods and to promote the throughput expansion goals outlined in the BNB Chain roadmap for the second half of 2026.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest on-chain Bitcoin short has increased its position to $125 million, with an unrealized profit of $1.794 million.The whale added another 258 BTC 5 minutes ago, bringing the latest position update to 1,900 BTC, with an opening price of $63,582.

A study published at USENIX Security '26 shows that researchers identified 65,340 high-risk crypto addresses associated with abuse on Ethereum and BNB Chain, with associated native token losses amounting to 126,982.94 ETH and 17,726.7 BNB.The study estimates that the total losses associated with these addresses exceed $574.8 million, with two newly described active attack vectors directly leading to approximately $15.7 million in losses (accounting for 2.7%).The first type involves misuse of contract accounts and exploitation of deterministic contract addresses; the second type uses EIP-7702 to delegate accounts exposing keys to malicious code for direct fund transfers. The research team extracted over 16.3 million deduplicated private keys by mining 63,004 GitHub repositories from January 2015 to May 2025, with an overall detection accuracy of 99.11%.

According to Decrypt, the U.S. Securities and Exchange Commission (SEC) plans to launch two crypto-related initiatives in the coming days, while the Congressional CLARITY Act remains stalled until at least September. The SEC intends to propose "Regulation Crypto" at a public meeting on Friday, allowing projects to raise funds through token sales without completing a full securities registration.The SEC also plans to introduce an "innovation exemption" for tokenized stocks, with details potentially announced on Friday. This exemption will allow tokenized versions of stocks like Apple, Tesla, and Nvidia to be traded on the blockchain around the clock, supporting fragmented trading and near-instant settlement.Such tokens typically track stock economic exposure but do not carry voting rights or dividend rights. This initiative is part of SEC Chairman Paul Atkins' "Project Crypto" agenda, with Robinhood Chain, Solana, and Base already advancing related on-chain markets.

The founder of the DeFi platform Flying Tulip and creator of the Fantom Network, Andre Cronje, stated that most DeFi protocols are no longer truly decentralized, with only a few niche areas still qualifying as DeFi. He believes that DeFi has evolved into "on-chain finance" or "open finance."He pointed out that true DeFi should possess characteristics such as decentralization, immutability, and the absence of intermediaries, while the intermediaries in most current protocols have become companies, taking on the roles of decision-makers and risk committees typical of traditional financial institutions. Cronje stated that this does not mean that true DeFi no longer exists, as some protocols are still innovating.Data from DefiLlama shows that the total value locked in DeFi has dropped from $167 billion at the beginning of October 2022 to $75 billion at the time of the original publication, a decline of more than half.The European Central Bank (ECB) analyzed Aave, MakerDAO, Ampleforth, and Uniswap in a working paper released in March, finding that based on snapshots of holdings from November 2022 and May 2023, the top 100 addresses holding governance tokens in these protocols control over 80% of the token supply. The ECB thus questioned the degree of decentralization of the relevant DAOs and whether they should continue to be regarded as "fully decentralized" services not subject to the Markets in Crypto-Assets Regulation (MiCA). (Cointelegraph)

According to ChianCatcher news, as reported by CoinDesk, the U.S. SEC's Investment Management Division has issued a no-action letter to Franklin Templeton, allowing its registered funds to use the on-chain money market fund FOBXX (also known as BENJI) to manage cash and collateral via blockchain, rather than following traditional custody rules.This letter is based on Section 17(f) of the Investment Company Act of 1940 and Rule 17f-2, allowing registered funds to hold shares of FOBXX without meeting certain physical custody requirements. This supports intraday trading, hourly net asset value calculations, and faster transaction processing. FOBXX primarily invests in U.S. government securities and aims to maintain a stable share price of $1, and has expanded to multiple blockchains.

Tether's latest data shows that the total issuance of USDT on the TRON network has risen to approximately 91.2 billion, surpassing Ethereum's approximately 90.3 billion, making it the blockchain network with the largest issuance of USDT globally.This means that in the nearly 200 billion USD global issuance landscape of USDT, TRON has taken the largest single-chain share. As the demand for stablecoin payments, transfers, and transactions continues to grow, the on-chain issuance focus of USDT is further concentrating on TRON.

According to monitoring by Lookonchain, Gambler (0x66f8...a75a) continues to increase its short position in Bitcoin, with the short position growing to 2,136 Bitcoins, worth $136 million, making it the largest Bitcoin short position on the chain; the liquidation price is $64,592.3.

ChianCatcher news, Offchain Labs co-founder Steven Goldfeder tweeted that Arbitrum has been ahead of its time in several aspects. The team strongly advocated for interactive proof design (which was controversial at the time and has now become the standard for optimistic Rollups); chose to establish a business when the business model was still highly controversial; focused on DeFi when most people had not yet understood perpetual contracts and many had given up on DeFi; and launched a dedicated blockchain when the industry generally believed that more chains were unnecessary.Facing backlash each time, but now the industry is aligning with the direction they set from day one: building robust and high-performance financial infrastructure. Goldfeder is proud of the Offchain team for delivering world-class products at an incredibly fast pace and stated that they will continue to deliver, even if most people currently do not understand its necessity; the industry will soon understand.

BIP-110 received only about 2.5% miner hash power support when the activation deadline was reached and failed to activate. The nodes executing the proposal forked from the mainnet at block height 961632, and a minority chain subsequently stopped producing blocks.Bitcoin Mechanic, a supporter of BIP-110, stated that this outcome proves Bitcoin has encountered "protocol capture," where large mining pool operators coordinate to influence consensus rules and undermine node sovereignty. Since the minority chain received less than 3% of the total network hash power, its inherited mining difficulty led to a halt in block production. Some supporters are considering changing the PoW algorithm through a hard fork, and Bitcoin Mechanic indicated that they would wait to resume node operations after the Bitcoin Knots update.Cysic founder and CEO Leo Fan stated that the difficulty adjustment mechanism protects the main chain, and the mandatory activation design of BIP-110 is the main issue. The anonymous owner of 1win pointed out that the proposal only received 2.53% support, below the 55% activation threshold, and the main chain is still continuously operating.