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The AQAv2 stablecoin model protocol of Hyperliquid has previously received support from 19 out of 26 validators, and the relevant mechanism is expected to officially start accruing yields on August 26. Meanwhile, Circle has transferred approximately $4.4 billion USDC to Coinbase via the AQAv2 mechanism on HyperEVM, setting a record for the largest single USDC transfer on HyperEVM.If everything proceeds as planned, the yields generated by AQAv2 will begin accruing on August 26, with the first payment expected to enter the Assistance Fund on October 3. AQAv2 (Aligned Quote Asset v2) is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins, including USDC, which are not exclusively issued by Hyperliquid, to qualify as "Aligned." According to public information, most of the stablecoin yields from AQAv2 will be returned to the Hyperliquid ecosystem, with 90% of the yields allocated to the relevant mechanism, and subsequently, 100% used for the buyback and destruction of HYPE tokens.Coinbase has been designated as the fund deployment party, while Circle is responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. The mechanism previously required stablecoins to be exclusive assets of Hyperliquid, but AQAv2 has removed this restriction and will focus on the HIP-4 standardized market and the perpetual contract market operated by validators. According to relevant public disclosures, AQAv2 is expected to generate up to approximately $200 million in revenue and further enhance token value capture through the HYPE buyback and destruction mechanism.

According to Business Wire, Bitcoin operating company Nakamoto Inc. (NASDAQ: NAKA) announced its financial report for the second quarter of 2026, with total revenue of $35.9 million. The media and asset management business contributed $25.6 million, while the Bitcoin derivatives strategy contributed $10.4 million. The GAAP operating loss was $149.1 million, primarily driven by a $105.2 million non-cash goodwill impairment and a $48.7 million Bitcoin market value loss;Excluding the aforementioned non-cash items, the adjusted operating income was $7.3 million, marking the first positive value since the company's transformation into a Bitcoin operating company. During the period, the company repaid approximately $45 million in USDT debt and deferred about $105 million in USDT principal until June 30, 2027. As of June 30, the company held 4,467 Bitcoins, with a fair value of approximately $261.5 million, and a net digital asset leverage ratio of 56%.

According to CoinDesk, financial services company Swissquote Group has lowered its full-year revenue and profit expectations after a 66.2% decline in net cryptocurrency income in the first half of the year.In the first half of the year, the company's cryptocurrency trading volume fell by 63.5% to 2.58 billion Swiss francs, approximately 3.2 billion US dollars. After the announcement, Swissquote Group's stock price dropped by 14%.

According to PR Newswire, Cypherpunk Technologies (Nasdaq: CYPH) announced its Q2 2026 financial report, with a net income of $39.4 million (approximately $0.18 diluted earnings per share), compared to a net loss of $16.6 million in the same period last year. The turnaround to profitability was mainly due to an unrealized gain of $46 million from the fair value of ZEC holdings (ZEC price rose from $243.35 to $400.09).As of August 11, 2026, the company's Zcash inventory increased to 323,394.38 coins, with an average price of $341.83, accounting for approximately 1.92% of the total circulating supply of ZEC, valued at about $129.4 million at current prices.

The largest bank by asset size in Latin America, Itaú, is collaborating with OpenAssets to participate in a tokenized fixed income and investment fund test led by the industry. Brazil has become a testing ground for placing bonds, credit, and other financial assets on the blockchain under a regulatory framework.

According to MBN, South Korea's People Power Party member Jeong Seong-guk plans to propose a bill to postpone the implementation date for taxing virtual asset income by three years, from January 1, 2027, to January 1, 2030. The member pointed out that by delaying the implementation date until a comprehensive review of related systems, including the taxation of virtual assets, is completed, a safeguard can be established to enhance taxpayer expectations and prevent system chaos.According to current regulations, starting from January 1 of next year, income generated from the transfer or lending of virtual assets will be classified as "other income" and will be subject to income tax. Therefore, the portion of annual profits exceeding 2.5 million won will be taxed at a rate of 22%, which includes 20% for other income tax and 2% for local income tax. Amid recent stock market turmoil and soaring real estate prices triggering public attacks on the government and ruling party, the People Power Party seems to be trying to gain public support by actively proposing legislation aimed at protecting the interests of virtual asset market investors. The People Power Party has consistently opposed the government, advocating for the abolition of this tax.

The State Taxation Administration of China responded to the recent discussions on taxing insurance income in Hong Kong, stating that Chinese tax residents are required to fulfill their tax obligations on global income according to the law, and that overseas insurance income also falls within the scope of taxable income. This is not a new policy and is not specifically aimed at the Hong Kong insurance market. The tax authority indicated that residents must declare and pay taxes on overseas insurance income and other investment income in accordance with the law, and the relevant rules treat overseas income from different countries and regions equally.Yesterday, Caixin reported that with the normalization of CRS information exchange, Chinese tax authorities can now fully obtain data on dividends and cash value from overseas insurance policies, gradually filling the gaps in tax administration. Currently, the taxation of insurance income from overseas sources has been initiated.

According to Caixin, as the CRS information exchange becomes normalized, tax authorities can fully obtain data on dividends and cash value from overseas insurance policies, gradually filling the gaps in tax administration. The taxation of insurance benefits from overseas income has now been initiated.In addition, the CRS, as the "eye in the sky" of the global tax system, is also being upgraded according to schedule, with CRS 2.0 approaching. Key changes include incorporating crypto assets, central bank digital currencies (CBDC), and specific electronic currency products into the definition of financial assets, aligning with the trend of digital assets gradually merging with the mainstream financial world. Overall, from multiple dimensions such as overseas stock trading, overseas insurance, and offshore trusts, the iteration of CRS 2.0 and the tightening of overseas income tax collection mechanisms resonate with each other, mutually supporting and enhancing the effectiveness of cross-border tax source regulatory constraints.

According to The Nation Online, the Nigerian Tax Authority has released the "Virtual Asset Taxation Guidelines," officially incorporating cryptocurrencies, stablecoins, NFTs, and other blockchain digital assets into the country's tax system. The guidelines were published on July 31 and provide the first detailed framework for taxing the income from assets such as cryptocurrencies, stablecoins, governance tokens, and NFTs.The guidelines stipulate that income generated from the disposal, exchange, or transfer of virtual assets must be taxed according to Nigerian tax law, and income from blockchain activities such as mining, staking, validating, airdrops, and token rewards is also subject to taxation. Virtual assets must be valued at the market price of exchange platforms recognized by the tax authority. Individuals and businesses must maintain complete transaction records, and virtual asset service providers must register for taxation and report large or suspicious transactions. The SEC continues to regulate securities-type virtual assets, while the tax authority is responsible for tax management. The guidelines do not set a separate tax rate for cryptocurrencies but apply existing tax law provisions. The guidelines follow President Bola Tinubu's executive order on establishing a coordinated regulatory framework for virtual assets.

The decentralized stablecoin USDD, in collaboration with Gate DEX, has launched a new dual-chain bonus yield activity, which will last until August 29 at 18:00 (Singapore time). Participants on the Ethereum chain can earn a current base annual yield of 4% and share an additional reward of 20,000 USDD; participants on the BNB network, in addition to enjoying the same base yield, can also share a reward of 30,000 USDD and a special yield bonus provided by Gate DEX.Users can enter the Gate DEX yield section and participate in the stablecoin bonus activity page by following the path "USDT to USDD, then stake as sUSDD." Rewards will be calculated in real-time based on the staking share. Users who participated in the previous activity do not need to take further action and will automatically connect to this activity; new users need to prepare enough ETH or BNB in advance to pay for on-chain transaction fees.

Castle Labs released a report stating that since the beginning of the year, crypto protocols have generated approximately $7.42 billion in revenue, but most token prices have failed to reflect the fundamentals of the protocols. The report analyzes six protocols, including Aave, Hyperliquid, PumpFun, and Uniswap, finding that they collectively generated about $726 million in revenue in the first half of 2026. However, after accounting for token issuance, unlocks, and incentives, the net value inflow for token holders turned negative for some projects.The report points out that Hyperliquid has burned over 47 million HYPE tokens, and PUMP has completed over $315 million in buybacks, yet the token is still down about 60% from its issuance price. Protocol revenue does not necessarily translate into token value, and investors should also pay attention to factors such as value return mechanisms, token unlock pressure, and equity structure.

Justin Ryan Schmidt, the founder of the cryptocurrency investment fund Translunar Crypto LP, has been sentenced to 37 months in prison by a U.S. court for tax evasion. The U.S. Department of Justice stated that the 46-year-old Schmidt pleaded guilty this year in federal court in Austin, Texas, where he was accused of underreporting income, declaring less than $5,000 in income from 2020 to 2022, while prosecutors claimed he actually earned over $7 million through fund operations from 2019 to 2022.It is reported that Schmidt founded Translunar in 2017, primarily investing in blockchain startups, with funding mainly coming from investors in the Austin area of Texas and Aspen, Colorado. He was arrested by the IRS Criminal Investigation Division on February 23, 2026, and has been in custody since then.

According to The Block, the Japanese listed company Metaplanet has acquired Siiibo Securities, which holds a type of financial product business license, and is authorized to design and sell securities in Japan.Research firm Benchmark pointed out that the market generally views this acquisition of approximately 2.1 billion yen (about 13 million USD) as a small-scale expansion. However, Metaplanet actually plans to use this as a basis to issue Bitcoin collateralized bonds called "Bitbonds" with an annualized interest rate of about 4% to 6%, and subsequently migrate to the blockchain and settle through stablecoins, gradually forming a secondary market. Metaplanet aims to allow companies wishing to adopt a Bitcoin balance sheet strategy to issue bonds on its platform to purchase BTC, and under the "Project Nova" roadmap, to create a new type of financial institution centered around Bitcoin. Currently, the company holds approximately 43,000 BTC, making it the third largest Bitcoin treasury among publicly listed companies globally.

Chairman of Bitmine, Tom Lee, stated in an interview that AI is approaching the so-called "uncanny valley of wealth." At some point in the future, the income generated by AI entities owned by individuals may exceed their own labor income.Tom Lee believes that when this moment arrives, people may begin to question "whether they are working for AI or AI is working for them." He also predicts that in the future, AI entities may take over bank accounts, replace certain job positions, and even construct independent financial systems, admitting that this trend "may instill fear about the future in people."

Uniswap announces the official launch of DualPool Hook. DualPool is an open-source Uniswap v4 Hook, jointly designed and developed by Spark and Uniswap Labs, allowing market makers to earn yields by depositing idle assets into lending protocols during the waiting period for liquidity funds to be executed, and to withdraw funds back to the liquidity pool when a transaction occurs.From an external perspective, DualPool is indistinguishable from a regular Uniswap v4 liquidity pool, and traders, aggregators, and solvers still complete transactions through the Pool Manager. Its internal mechanism is that liquidity funds are stored in an ERC-4626 yield vault and are automatically withdrawn when a transaction needs to be executed, deployed to concentrated liquidity positions, thereby ensuring transaction execution while allowing idle funds to continuously generate lending yields.