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Zach Pandl, the head of research at Grayscale, posted on the X platform comparing Ethereum to a "small country" and discussed the ETH issuance mechanism. He believes that Ethereum has only one core "government function": to protect property rights and value exchange within the system. Unlike traditional countries that provide public services through taxation, Ethereum primarily funds network security through "seigniorage," which is the issuance of new ETH.In this framework, the stakers responsible for maintaining network security are akin to a group providing public services, as they receive rewards through newly issued ETH. Therefore, Ethereum's staking mechanism and ETH issuance policy essentially constitute the network's fiscal and monetary policy. Zach Pandl pointed out that the Ethereum community needs to decide how much "new currency" should be used to cover network security costs. More security typically means stronger protection of property rights, but at the cost of a higher ETH issuance rate and potential other risks.For example, if network security increasingly relies on a few large staking service providers, there remains room for discussion about whether these providers can maintain the asset rights of all users completely neutrally. Pandl believes that, just as in traditional economies, no one knows the "optimal level" of government spending and currency issuance; the same applies to Ethereum. However, Ethereum has several key security thresholds, including: 1/3: an attacker reaching this ratio may affect finality; 1/2: affects blockchain fork choice; 2/3: can control the finality process. Some community members believe that the design of Ethereum's monetary and fiscal policy should consider the security trade-offs brought by these key ratios, while the current mechanism has not adequately incorporated these factors. However, the above analogy is not entirely accurate, as it does not yet involve other important factors such as the ETH burn mechanism, MEV, governance, etc.

The White House announced that U.S. President Trump will impose a 25% ad valorem tariff on certain small drones that lack specific capabilities, citing national security concerns related to the products.

According to Bloomberg, the AI code review platform CodeRabbit announced the completion of a $143 million financing round, with a valuation of $1.5 billion. This round of financing was co-led by Atomico and Smash Capital, with participation from institutions such as BMW i Ventures and Datadog. So far, CodeRabbit has raised over $200 million in total financing.CodeRabbit primarily utilizes artificial intelligence to automatically review software code, helping developers identify code defects, security risks, and potential issues. Its product can automatically review both AI-generated and manually written code during the development process, providing developers with feedback on problems and suggestions for improvement.

According to The Bitcoin Historian (@pete_rizzo_), a member of the Taiwanese parliament stated that there is a "100% chance" that Taiwan will establish a strategic reserve of Bitcoin.The legislator emphasized that Bitcoin is different from gold, possessing the characteristics of digital transfer and verification, and pointed out that "the world has changed," with countries competing to lay out Bitcoin for national security considerations, acting ahead of the United States.

According to GMGN data, the top 5 tokens with net inflows of smart money in the past 24 hours are as follows:Remus (23e4....gme): Net inflow of $2,000, with a 24-hour increase of -36.3%, currently priced at $0.0005.PARKIFY (7Syw....ump): Net inflow of $2,000, with a 24-hour increase of -54.6%, currently priced at $0.0002.ALON (8XtR....5WS): Net inflow of $2,000, with a 24-hour increase of -44.7%, currently priced at $0.0046.QPT (AVH4....ump): Net inflow of $1,000, with a 24-hour increase of 1649%, currently priced at $0.0001.MAUS (BxUh....ump): Net inflow of $1,000, with a 24-hour increase of 2188.7%, currently priced at $0.0001.

According to ChianCatcher, the New York Times reported that the cryptocurrency project World Liberty Financial (WLFI), associated with the Trump family, received a $100 million purchase of WLFI governance tokens from businessman Guren "Bobby" Zhou through Aqua 1.It is reported that Zhou was arrested in the UK in 2021 on suspicion of money laundering and is still related to an active investigation, but has not yet been charged. UK court records accuse him of participating in money laundering activities that began in 2019 along with five others. Two of his long-term employees were charged last September, one of whom has pleaded guilty. In this transaction, up to $75 million flowed to companies controlled by Trump and his son.

According to information from the official Apple website, Apple Smart has supported collaboration with Alibaba's Qianwen model.According to the official introduction, after users enable the relevant features, Siri can use the Qianwen model to provide more in-depth answers, including analyzing photos and documents; the writing tool can also leverage Qianwen to generate text or image content based on user descriptions.

The prediction market platform Kalshi announced the launch of the AI tool Blanket, aimed at helping small businesses hedge operational risks related to weather, energy prices, tariffs, elections, and more using event contracts.Blanket was developed by independent fintech entrepreneur Lauris Zminsky, based on Kalshi's CFTC-regulated prediction market operations, but it is not an internal product of Kalshi. The tool does not directly execute trades or handle funds, but instead analyzes the risks faced by businesses through AI and recommends Kalshi event contracts that can be used for hedging.

Microsoft Threat Intelligence posted on the X platform that a cluster of compromised websites has been found using ClickFix and EtherHiding technologies to spread malware, with attacks targeting thousands of enterprise and consumer devices worldwide every day.Attackers inject Base64 encoded JavaScript to connect to the BNB Smart Chain RPC gateway, obtaining the next stage instructions stored by smart contracts. Since the contract content can only be modified by the deployer's wallet, traditional takedown methods are difficult to counter. The attack deceives users into opening a run dialog box with fake verification codes, pasting clipboard content, and executing commands from the attacker, while also involving the abuse of various system tools such as conhost, cmd, PowerShell, and mshta, as well as command obfuscation techniques. Successful execution may lead to credential exposure, persistence establishment, lateral movement, and even ransomware attacks.Microsoft recommends that enterprises enable Defender's multi-layer protection, restrict command line tools, enable PowerShell script logging, and remind users not to paste commands from unknown sources into the run window or terminal for execution.

According to monitoring by Bitcoin News, Galaxy Research stated that the largest known COLDCARD theft involved 1159 BTC, spread across seven attacker addresses, which have not yet been utilized, with 0 BTC cashed out or transferred through mixers. The related BTC was stolen within 41 minutes, but approximately 600 attacker addresses have been flagged by law enforcement, exchanges, and blockchain analysis companies.Meanwhile, a smaller-scale attacker seems to have begun laundering funds. On-chain analysts tracked 64 BTC entering a mixer, of which only about 10 BTC were initially mixed, and 54 BTC were returned as change, which was then split into outputs of about 7 BTC for further mixing. Analysts noted that these unusually large outputs remain easy to trace, making this laundering attempt relatively transparent.

On August 5, 2026, BNB Chain officially launched the Build the Era open hackathon, aimed at individual developers and teams, soliciting proposals for building the best AI Agent trading market on the BNB Smart Chain. Currently, over 200,000 AI Agents based on the ERC-8004 standard have been registered on the BNB Smart Chain, accounting for about 60% of the total number of similar Agents across 26 networks, but there is a lack of a unified entry point for discovery, comparison, and invocation. This hackathon aims to fill this discoverability gap.The total prize pool for this hackathon exceeds $40,000, jointly provided by BNB Chain and ecosystem partners such as TermiX, PancakeSwap, AltLayer, and Altana. Among them, the champion of the main track from BNB Chain will receive a reward equivalent to 30,000 USDT and have the opportunity to be officially adopted as the trading market for BNB Agent Studio, incubated and operated as an independent product. TermiX has set aside a partner track prize of 10,000 USDT, PancakeSwap offers 1,000 CAKE, AltLayer provides the 8004scan Pro solution and AltLLM credits, and Altana offers 50,000 XP.The submission period for works is from August 5 to September 9, with the evaluation period from September 9 to 23, and the winners will be announced on November 5. BNB Chain reminds developers to build markets around four types of Agents: monitoring, grid trading, health factor management, and yield optimization, and suggests that the market should have cross-category coverage capabilities.

On July 31, the European Securities and Markets Authority (ESMA) updated the registration list for the Markets in Crypto-Assets Regulation (MiCA), adding 12 companies. This is the fourth update since the transition deadline on July 1, bringing the total number of authorized Crypto Asset Service Providers (CASP) under MiCA to 321.The newly added entities include three cooperative banks from Germany: Volksbank Raiffeisenbank Oberbayern Südost, VR Bank Schleswig-Holstein Mitte, and VR-Bank Landau-Mengkofen; Spain's Basque Pay and Fintech Payments; as well as France's Finary, Woorton, Blockchain Process Security, and Shares Financial Assets. ESMA also added Cervo Rendisco, Flandenzo, and Corona Fondenza to the list of non-compliant entities, with the relevant markings coming from the Italian securities regulator Commissione Nazionale per le Società e la Borsa (CONSOB). The non-compliant entity list currently contains 167 items.This update did not involve any other changes to the MiCA-related registration lists. The number of authorized Electronic Money Token (EMT) issuers remains at 41, and there are currently no entities on the registration list for Asset-Referenced Tokens (ART).

According to GMGN data, the top 5 tokens with net inflows of smart money in the past 24 hours are as follows:CATE (Ai66....ump): Net inflow of $30,000, 24-hour price change -39.9%, currently priced at $0.0172.Niggolas (9VKC....ump): Net inflow of $2,000, 24-hour price change 7196.3%, currently priced at $0.0002.BOARD (CiPx....ump): Net inflow of $2,000, 24-hour price change 778.4%, currently priced at $0.0001.Doom (Gymb....ump): Net inflow of $962, 24-hour price change 9.9%, currently priced at $0.0026.YES (9GyR....Vpo): Net inflow of $650, 24-hour price change -6.1%, currently priced at $0.0001.

Cryptoquant released a report stating that on July 31, as Coldcard users rushed to transfer funds, on-chain activity surged dramatically. The number of daily active Bitcoin addresses soared from 645,000 on July 30 to nearly 1 million, the highest level since December 10, 2024, almost entirely driven by sending addresses. The total amount of transfers below 1 BTC on that day reached 39,600 BTC, slightly below the 39,900 BTC recorded after the FTX collapse; the total amount of transfers below $100,000 reached $3.2 billion, a new high since November 21, 2024.Long-term holder spending jumped from 269,000 BTC on July 30 to 406,000 BTC, the highest since January 14. The exchange recharge volume for small holders surged to the highest level since February 6. The mempool transactions increased from 33,000 to about 96,000, the highest since June 20. Analysis indicates that a large number of users have taken action to migrate funds, but an unknown number of holders still face risks.

Binance officially launched the Lite Loan small loan product for Bitcoin collateral today, allowing eligible users to borrow up to 1,000 USDT using BTC as collateral, without the need to sell Bitcoin.This product is aimed at users with small, short-term funding needs, and the collateralized Bitcoin can also come from the Simple Earn flexible product while continuing to earn returns. The borrowed USDT can be used for trading.

According to Bloomberg, the current venture capital market is experiencing significant structural differentiation. As funds concentrate on top artificial intelligence startups, many small and medium-sized venture capital funds are facing severe challenges such as fundraising difficulties, declining performance, and narrowing exit channels.The report points out that the excessive hype around artificial intelligence has distorted the venture capital market. Data shows that just five companies—OpenAI, Anthropic, xAI, Waymo, and Nscale—accounted for 78% of all venture capital transaction volume in the first quarter of this year. A large amount of capital has flowed to a few top investors who made early bets on AI, such as Founders Fund and Andreessen Horowitz, while small emerging fund managers find it difficult to compete with these leading institutions.This differentiation is directly reflected in fundraising data. Last year, newly established management companies (managing three or fewer funds) raised only about $62 billion, a significant drop of about 60% compared to the pandemic peak of $163.4 billion in 2022. Even experienced management teams raised only $84 billion last year, which is just one-third of the amount in 2022. Many LPs are facing liquidity pressures and are more inclined to demand returns on existing investments rather than commit new funds.

Former U.S. Congressman George Santos has reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC). According to the order, Santos must return $17,569.98, pay a civil penalty of $17,500, and is prohibited from trading on any CFTC-registered entity for three years.The CFTC found that Santos made misleading public statements and significant omissions when trading event contracts on the prediction market platform Kalshi related to whether he would attend President Donald Trump's State of the Union address. Santos did not admit to the factual findings or conclusions in the order. Trading records show that Santos opened an account on February 11 and only traded that contract, first buying the Yes contract and profiting $3,448.43, then continuing to publicly state he would attend after flights and trains were canceled, and buying the No contract, ultimately profiting $14,390.57 from that position. Kalshi stated it had detected the related activities, froze the account, and provided evidence to the CFTC.

Nick Tomaino, founder of 1confirmation, commented on the AI investment fund Situational Awareness regarding the recent discussions surrounding the fund, reflecting a long-standing issue in the investment community: many so-called "elites" and "smart money" lack basic risk judgment capabilities.Tomaino stated that he does not understand all the details of the incident and does not wish to comment on the specific liquidation process, but he believes that a deeper issue is that many investors, driven by wealth and attention, gradually ignore facts, risks, and judgments about others.He cited the collapse of FTX as an example, noting that many people could sense something was off after brief interactions with the founder, but a large amount of "smart money" chose to continue investing and endorsing it in pursuit of returns and market narratives.Tomaino pointed out that the founders of Situational Awareness and the investment circles supporting the fund exhibited similar phenomena: investors of the same type chased grand narratives, provided funding, and promoted publicity, but ultimately the fund fell into trouble due to high-risk bets and market reversals. Industry participants learned lessons to avoid repeating the cycle of "chasing trends—ignoring risks—collectively stepping on landmines."

According to BitcoinTreasuries.NET, the UK-listed company The Smarter Web Company has recently increased its holdings by 11.89 bitcoins, bringing its total bitcoin holdings to 2712.