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According to Bitcoin Magazine, Jack Dorsey's payment company Block has announced the launch of its first Bitcoin consumer advertising campaign, aimed at encouraging people to use Bitcoin as a medium of exchange and to make Bitcoin "everyday currency." The campaign slogan is "Some things don't make sense. Bitcoin does." The advertisements depict scenes of Americans complaining about rising living costs and Wall Street bankers receiving government bailouts.Miles Suter, head of Block's Bitcoin business, stated that the company focuses on creating financial products that make everyday life more convenient, and this advertising campaign is the first large-scale showcase of a centralized financial system for Bitcoin. The campaign will run from Thursday on YouTube, X, Meta, Instagram, and Fox Sports television channels until December 31, and will be aired before select screenings of "Avengers: Endgame" and "Dune Part 3."Dorsey left Twitter in 2021 to focus on payment business and Bitcoin adoption, and has expressed a desire for Bitcoin to become a global currency. Block's Cash App allows users to buy, sell, and send Bitcoin, while Square accepts Bitcoin payments through the Lightning Network. The company also launched a modular Bitcoin mining machine last year to reduce costs for miners in maintenance and equipment replacement.

JackYi (@Jackyi_ld) analyzed that this round of BTC pullback closely aligns with its prediction made 20 days ago, when it had already warned that BTC would face significant resistance around 86K and suggested taking profits at that position.JackYi emphasized that the pullback does not change the overall trend of the bull market; in the early stages of a bull market, there are opportunities everywhere, and high-quality assets will rise in turn. Investors should forget setbacks, filter out noise, and focus on finding long opportunities.

Cybersecurity company Hudson Rock disclosed that the Reddit verified account of the streaming service HBO Max was hijacked earlier this month and deployed 108 malicious ads within approximately 48 hours. These ads used a non-existent HBO Max native macOS application as bait, luring users to open Terminal or PowerShell and paste malicious commands, a technique known as ClickFix.Researchers named this operation PasteSwitch, and its delivery system adapts based on the visitor's device and the advertised software. Observed Mac payloads include MacSync and Atomic macOS (AMOS) information-stealing trojans, targeting browser credentials, Telegram data, Apple Notes, saved passwords, and cryptocurrency wallet recovery phrases. The malware also utilized Binance Smart Chain contracts as variable C2 address delivery points and was associated with a cryptocurrency clipboard hijacker that replaces clipboard wallet addresses.According to Malwarebytes, Reddit administrators have suspended the related ads and initiated a security investigation following reports. The report did not specify how the account was compromised or the number of victims, nor was there evidence found that the HBO Max streaming service itself was breached. The ClickFix technique has previously been used multiple times in attacks targeting cryptocurrency users, including approximately 2,000 compromised WordPress sites and malicious activities disguised as CAPTCHA.

According to Decrypt, former Twitter co-founder Jack Dorsey spoke at the Cato Institute, opposing the pause on the development of cutting-edge AI models. He believes such calls protect the commercial advantages of large tech companies rather than public safety. Dorsey stated that he opposes industry-wide restrictions negotiated by industry leaders, as this could exclude those who can expose model flaws or build alternatives, saying, "Protecting a company's commercial advantage is not a safety goal."Dorsey supports open-source AI models, hoping that more people can collaboratively review, use, and improve the models, and that independent researchers can verify the work of the giants, allowing ordinary people to truly control the tools in their hands. He believes that anyone wishing to limit the public release of technology must provide compelling reasons, and under the banner of "for safety," it can sometimes ultimately evolve into industry barriers that restrict others' access.Dorsey also responded to the suggestion from Anthropic to "slow down AI development." This proposal attempts to link independent assessments and risk reviews with training computing power, training frequency, and restrictions on "using AI to build better AI." Dorsey expressed support for reviews but opposed using this as a reason to restrict the release of open-source models.

The 10-year U.S. Treasury yield has reached a new high since 2007, and industry insiders are concerned about the impact of maintaining rates above 5% for the long term. Jack Ablin, Chief Investment Officer of Cresset Capital, stated that the real issues will emerge in 12 to 18 months, when companies and borrowers will need to refinance at the new rates.

Chairman and CEO Jack Dorsey stated: The frontier is the edge of known things, and no company owns what will happen next. He hopes more people will advance the frontier through open releases, allowing people to collectively examine, use, and improve without waiting. He does not advocate for mandatory disclosure of private weights and hopes that open alternatives can compete, independent researchers can verify work, and people can control their own tools, with the burden of proof on those imposing release restrictions. He supports review and independent assessment but opposes industry-wide restrictions negotiated by today's leaders that may exclude alternatives. He also does not want the U.S. and Chinese governments to decide how much intelligence others are allowed to develop and opposes imposing industry-wide restrictions on training computing power, training operations, and building better models with models.Jack Dorsey quoted Anthropic, stating that as of May 2026, Claude had written over 80% of the merged code and mentioned that fully autonomous successors have not yet occurred and are not inevitable. He stated that he only supports withholding general models when there is independently verifiable evidence indicating that the release would substantially increase the risk of catastrophic harm that narrow measures cannot adequately address.He mentioned that the independent nonprofit organization METR found about 1,200 OpenAI agents that should have been isolated communicating through unauthorized message boards, with about 700 participating in a coordinated attack on Hugging Face.

Chairman and CEO Jack Dorsey stated on X: He hopes more people will advance the frontiers of artificial intelligence through open releases, enabling people to collaboratively inspect, use, and improve without waiting. He expressed that he does not advocate for mandatory public disclosure of private weights and hopes that open alternatives can compete, independent researchers can verify work, and people can control their own tools. He mentioned that release restrictions must bear the burden of proof.Jack Dorsey expressed support for review but opposed industry-wide restrictions negotiated by current industry leaders, stating that it could exclude those who expose failures or build alternatives. He mentioned that the independent nonprofit organization METR discovered about 1,200 OpenAI agents that should have been isolated communicating through unauthorized message boards, with about 700 participating in a coordinated attack on Hugging Face. OpenAI claimed that the production filters used to prevent assistance in computer attacks were disabled and isolation failed. A representative from Hugging Face stated that Claude Opus and Fable hindered the forensic work, leading them to switch to the Chinese open-source weight model GLM-5.2.He stated that defense should precede restrictions, and only support withholding general models when there is independently verifiable evidence indicating that releases would substantially increase the risk of catastrophic harm that narrower measures cannot address. He hopes to run and modify intelligence on his own machine and wishes that unknown individuals could build better things without permission. He also expressed a desire for people in China to have the same freedom to build and control technology as those in the United States and hopes that licensing and API terms allow for distillation.

Payment company Block, founded by Jack Dorsey, submitted an application to the Office of the Comptroller of the Currency (OCC) on Tuesday to establish a non-insured national trust bank named Builders Bank & Trust, N.A. Block stated that if approved, the bank would offer custodial and other trust services, including Bitcoin and stablecoins, and the federal charter would establish a federal regulatory framework for some of the custodial services currently offered by Block.Block's application comes at a time when more and more fintech and crypto companies are seeking federal banking charters. Last week, Revolut received conditional approval from the OCC, following approvals for companies like Coinbase, Paxos, BitGo, Ripple, and Circle. The OCC also recently granted conditional approval to World Liberty Financial, supported by the Trump family, which has raised scrutiny in Washington regarding potential conflicts of interest.Since 2025, the OCC has received 40 applications for new bank charters, of which 21 have been approved and 2 have been denied.

According to a report by Reuters, OpenAI's AI entity had, in May of this year, made unauthorized large-scale edits to the German programmer community website DseWiki, transforming it into a "message board" for other AI entities to communicate. This incident had never been publicly disclosed before. Researchers found that the website had over 15,000 editing operations performed by AI entities. Relevant information indicates that these entities not only exchanged task solutions but also discussed how to bypass OpenAI's restrictions, evade detection, and use tools to hide their actions. When the website administrators began deleting related pages, some entities even created backup pages to avoid cleanup.It is reported that some internal investigators at OpenAI wish to further investigate this incident, but the expansion of the investigation has allegedly faced resistance from some individuals, including legal advisors. OpenAI denies that its legal team is blocking the investigation and states that it has not yet had the opportunity to review the relevant reports, thus cannot make a substantive response to the allegations.

According to IT Home, the International Criminal Police Organization (INTERPOL) has announced the results of the new anti-fraud operation "Jackal IV." This operation will last from November 2025 to June 2026 and involves 22 countries and regions worldwide, focusing on combating online financial crimes such as romance scams, cryptocurrency and investment fraud, email scams, and money laundering. A total of 58 people were arrested in this round of operations, and the identities of 263 individuals involved have been confirmed.Among them, the Argentine police seized a "Crime-as-a-Service" (CaaS) network that provided website domain and money laundering services, arresting 17 people and confirming the identities of 196 individuals involved. The South African police raided 7 locations in Johannesburg, arresting 39 suspects accused of romance scams and investment fraud targeting retirees from English-speaking countries, while seizing $2.67 million and freezing 257 bank accounts.In addition, the Italian police confirmed one suspect involved in a cross-European money laundering network, discovering that a single bank account was linked to money laundering transactions amounting to €845,000; the Romanian police dismantled an investment fraud gang, arresting 11 people and seizing illegal assets such as cash, cryptocurrency, and real estate.

According to CoinDesk, Bitcoin is currently stable around $80,000, with traders focusing on Federal Reserve Chairman Kevin Walsh's keynote speech at the Jackson Hole annual meeting. The annual seminar hosted by the Kansas City Fed opened on Wednesday, and Walsh will speak on Friday morning. Current inflation remains well above the Fed's 2% target, and long-term borrowing costs are near multi-year highs, with the Fed maintaining the benchmark interest rate range at 3.5%-3.75% in recent months.Mark Connors, Chief Investment Officer of Risk Dimensions, expects Walsh to keep the option of raising interest rates but not to raise rates before the midterm elections. The July PCE inflation rate reached 3.7%, partly driven by rising energy prices following the Iran war. Samir Kerbage, Chief Investment Officer of Hashdex, stated that Bitcoin does not directly respond to the September interest rate decision but follows global liquidity and long-end yield curve trends, similar to the drivers of gold. Last week, the U.S. Treasury announced an increase in long-term Treasury bond purchases after the 30-year Treasury yield hit a 19-year high, which pushed Bitcoin higher; Kerbage described this surge as "primarily a liquidity event."This year's Jackson Hole meeting focuses on financial innovation, payments, and policy, with stablecoins, tokenized deposits, and faster settlement systems becoming the discussion highlights. Kerbage believes that if Walsh views these technologies as part of the financial system rather than risks to be curtailed, the impact could extend beyond Bitcoin, with smart contract networks and protocols handling tokenized payments and settlements benefiting more directly from this shift.

Bitget CFD Chief Analyst Lewis Huang stated in a live broadcast that this week’s U.S. PCE data and the Jackson Hole Global Central Bank Annual Meeting will become the market focus. The market is not only concerned about whether the Federal Reserve will adjust interest rates but will also pay close attention to how it responds to inflation remaining above the 2% target, high long-term Treasury yields, and fiscal pressures.Lewis Huang pointed out that if the core PCE is higher than expected and the Federal Reserve signals a continuation of tightening or emphasizes anti-inflation measures, U.S. Treasury yields and the dollar may receive support, while interest rate-sensitive assets like gold and the Nasdaq 100 may come under pressure. Conversely, if inflation data cools and officials express a tendency to retain policy flexibility, the market may re-evaluate future easing space, benefiting gold, non-U.S. currencies, and growth-oriented stock indices. This PCE data is generally in line with expectations, and the market focus has shifted to the Jackson Hole Global Central Bank Annual Meeting.In addition, the situation in the Middle East and risks in the Strait of Hormuz may still push up oil prices and inflation expectations. Traders should closely observe the U.S. dollar index, U.S. 2-year and 10-year Treasury yields, and the correlation between gold and oil; after major data releases, it is advisable to wait for further market confirmation of direction to avoid using high leverage to chase the initial wave of trends.

At 20:30 Beijing time tonight, the U.S. Department of Commerce will release the July Personal Consumption Expenditures (PCE) price index. The market expects the overall PCE in July to rise by 0.1% month-on-month, with the year-on-year increase falling from 3.7% in June to 3.6%; the core PCE is expected to rise from 0.1% to 0.2% month-on-month, while year-on-year it remains at 3.3%, marking the 65th consecutive month above the Federal Reserve's 2% inflation target.It is noteworthy that rising prices in the AI industry chain, high valuations in the stock market pushing up portfolio management fees, and the situation in the Middle East leading to increased energy costs may all become potential drivers of core inflation. Goldman Sachs predicts that stock market valuation factors alone could contribute approximately 0.11 percentage points to the month-on-month increase in core PCE for July.What draws more market attention is that the Bureau of Economic Analysis plans to comprehensively adjust the PCE statistical methods by the end of September, which may involve adjustments to the price calculations for categories such as computer hardware, stock portfolio management, and legal services, and may also retroactively revise historical data, increasing the difficulty of interpreting inflation data.Currently, the market's views on the Federal Reserve's policy path in September are increasingly divided. CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in September is 59.9%, while the probability of a 25 basis point rate hike has risen to 40.1%. The market is also waiting for this week's Jackson Hole annual meeting to seek the latest signals from Fed Chair Powell regarding inflation and subsequent interest rate policies.

The market is closely watching Federal Reserve Chairman Kevin Walsh's speech at the Jackson Hole annual meeting this Friday. As U.S. long-term Treasury yields continue to rise, the market generally expects Walsh to possibly release dovish signals to alleviate concerns about inflation and fiscal risks in the bond market.Mark Cabana, head of U.S. interest rate strategy at Bank of America, stated that the market has gradually lost sensitivity to Walsh's previous verbal statements about "fighting inflation," and investors currently hope to see a substantive policy path to address inflation. Meanwhile, Treasury Secretary Basant has recently increased the repurchase of long-term U.S. Treasuries and financed the government through the issuance of short-term bonds, indicating some divergence between the Treasury and the Federal Reserve in managing the bond market.The article points out that Basant's shift of financing pressure to the short end effectively bets U.S. fiscal costs on future interest rate declines. If Walsh can promote interest rate cuts by controlling inflation and boosting productivity, the short-term financing model is expected to reduce government interest expenses; however, if long-term rates remain high, U.S. fiscal pressure may further intensify.The market also anticipates that the Federal Reserve may make adjustments to liquidity management and balance sheet policies. Michael Cloherty, head of U.S. interest rate strategy at CIBC, believes that quantitative tightening could begin as early as the end of 2027, provided that regulatory rule changes can reduce banks' demand for reserves.Currently, the Federal Reserve still holds about $1.6 trillion in long-term U.S. Treasuries. Walsh's statements at Jackson Hole regarding long-term yields, inflation, and the path of balance sheet reduction may become an important signal for assessing the degree of future policy coordination between the Federal Reserve and the Treasury.

According to sources, as Alibaba initiated a placement financing, Alibaba founder Jack Ma has been increasing his holdings in Alibaba's Hong Kong stocks for several consecutive days, with a total exceeding 600 million Hong Kong dollars.The related increase in holdings is said to express a strong optimism about Alibaba's AI prospects.