yin

Tom Lee, Chairman of Bitmine, stated in an interview that in the era of artificial intelligence, the vision and judgment of company founders are more important than ever. What truly drives company development is not asking questions to AI, but the ability to create a future direction.The existence of OpenAI is inseparable from Sam Altman's vision; the development of Anthropic and AI-related companies under Elon Musk is similarly dependent on this. The core value of these founders lies in proposing long-term strategies and directions, rather than simply asking their AI models what to do next.Tom Lee also categorizes Robinhood CEO Vlad Tenev in the same group, believing that he is leading a company in a rapidly growing market, a market that is growing even faster than the overall economy. Vlad Tenev is also one of the important reasons he is optimistic about Robinhood stock.Tom Lee believes that in the AI era, while technology itself may gradually become widespread, the ability of founders to define market direction and drive organizational execution will still become a long-term competitive advantage for companies.

According to Arkham data, around 16:15 today, CZ's public donation address saw three consecutive token burn actions, specifically 4,444 Meme tokens "Bull Coming" (with a contract address starting with 0xD043B6, which is a market-hyped token with the same name starting with 0xbee), 4,444 Meme coins MarsCoin, and 4,444 "Binance Life".Upon verification of the three burn actions, the 4,444 Meme tokens "Bull Coming" were not actively burned by CZ. The initiator of the transaction was the token creator himself (0xcf86..383), who deployed the contract and set up privileged authorization to mint 1 billion tokens for his own address. Subsequently, he actively transferred about 800 million tokens to CZ's address and used transferFrom to forcibly transfer 4,444 tokens from CZ's address to a black hole address, simulating a burn by CZ. During this period, the CZ address had no authorization for this token or the initiator.

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.

According to monitoring by Catcher Predict, in the event "LoL: MVK Esports vs. CTBC Flying Oyster - LCP Group Stage" on the prediction market Polymarket, the "Yes" option for the sub-market "Both teams kill a dragon" has experienced a sharp fluctuation in winning probability, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to the Financial Times, JPMorgan Chase terminated its banking services for Polymarket last October due to regulatory concerns, requiring the company to seek new banking institutions. Previously, Polymarket was banned from providing services to U.S. customers after the Commodity Futures Trading Commission took enforcement action in 2022.Currently, Polymarket has partnered with a new bank, but the specific name has not been disclosed. JPMorgan Chase still maintains business dealings with Polymarket and invited its CEO Shayne Coplan to participate in a private banking client meeting held in Miami this February, where he spoke alongside former NFL player Tom Brady. Polymarket stated that the two parties continue to maintain a close and active relationship in various areas, including multiple entities, operational integration, and customer fund flow management.Since 2026, prediction market platforms like Polymarket and Kalshi have faced legal actions from multiple U.S. states regarding their alleged operation as illegal sports bookmakers, while the relevant platforms argue that they operate as exchanges facilitating trades between buyers and sellers, rather than as bookmakers. According to user aggregated data, the nominal trading volume of prediction markets has exceeded $250 billion since 2026.Meanwhile, Polymarket is seeking over $1 billion in financing, with a target valuation of $20 billion, more than doubling from the approximately $8 billion valuation during the last round of financing in 2025.

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.

ChianCatcher news, Terence Lee, one of the early co-founders of BitMart (GBM Global Holding Company Limited), stated, "In recent years, I have not been responsible for the main business of the exchange, and my work has mainly focused on exploring new products and new business. I will withdraw from all company affairs on July 31, 2026, and will not participate in any operations, management, or asset-related matters of the company or any of its affiliated entities. The procedures for resigning from relevant positions and canceling registrations are currently being processed. I deeply regret the difficulties and impacts caused to users by the platform's cessation of operations. However, I currently have no authority to handle matters related to platform assets, accounts, or user funds, nor can I answer questions related to platform operations or asset disposal. Relevant requests should be made through the channels indicated in the official announcement and through legal means. Recently, my identification information, photos, and several false pieces of information have been circulated, and I have reported this to law enforcement and reserved the right to pursue legal responsibility. This statement is my only public explanation regarding this matter, and I will no longer respond to related inquiries individually."

Bitget's latest data shows that approximately one out of every three contract trades on the platform comes from stock perpetual contract trading. As of now, Bitget supports a total of 271 stock perpetual contracts.Previous data indicated that Bitget's monthly trading volume for stock perpetual contracts in July reached $85.445 billion, with a single-day peak trading volume of $6.674 billion; during the same period, the monthly trading volume increased by 30.6% month-on-month, the number of traders increased by 31.4% month-on-month, and the number of trades increased by 130% month-on-month. Multiple trading indicators have shown steady growth.

As the Qixi Festival approaches, the globally leading digital asset trading platform Gate has launched a Qixi-themed limited edition gift box, specifically for global partners and VIP users, to strengthen interaction and connection with users and partners worldwide through festive gifts.The Qixi gift box contains Gate's Qixi limited edition couple pajamas, with an overall design that cleverly blends elements of traditional Eastern culture with Gate's brand characteristics. Through this thoughtful gift, it conveys festive blessings and deep sentiments, enriching the communication methods between the brand and its core users and partners.As a global digital asset platform, Gate has always valued communication with users and partners, and strengthens community and ecosystem partner interactions through diverse methods such as festive gifts and brand activities. This Qixi limited edition gift box not only reflects Gate's attention to traditional cultural festivals but also further conveys the warmth of the brand and festive blessings.

According to Arkham Research, Bitmine, the world's largest Ethereum treasury company, currently holds approximately 5.81 million ETH, valued at nearly $11 billion. After 14 months of continuous accumulation, its holdings have reached 4.8% of the ETH supply, achieving about 96% of its publicly set acquisition target of 5%. Unlike Bitcoin treasury companies such as Strategy, Bitmine has used over 5 million ETH for staking to earn interest, with an annualized staking income estimated at approximately $257 million based on a yield of about 2.63%.According to Arkham's analysis, the most likely scenario for the trajectory after reaching the 5% target is that Bitmine will slow down its purchases. On-chain data shows that its acquisition pace has already slowed this year, and after surpassing 5%, it may shift towards balance sheet management and maximizing staking returns. The second most likely scenario is to continue buying at the same pace. Considering that Tom Lee, co-founder of Fundstrat, who leads this strategy, has consistently been bullish, it is possible that they will continue to increase their holdings after breaking through 5%. The least likely scenario is to completely stop buying. If this largest enterprise-level ETH buyer in the market exits the demand side, it may temporarily weaken bullish sentiment, but even without new additions, its staking holdings will still grow passively through network rewards.

The Australian Securities and Investments Commission (ASIC) announced that it has shut down multiple websites of the digital asset platform Yepbit and warned users not to trade with the platform. ASIC received reports from several investors stating that they were unable to withdraw funds from the platform. Yepbit claims to offer digital asset and futures trading services globally, including for Australian investors.ASIC stated that Yepbit fabricated the claim of "ASIC freezing funds" in order to delay investors' refund requests. Yepbit does not hold an Australian financial services license and is not registered with AUSTRAC as a virtual asset service provider. ASIC reminds investors to verify whether the platform holds a license and to exercise extreme caution with investment opportunities that cannot be verified.

According to The Elec, Samsung Electro-Mechanics' investment schedule for semiconductor glass substrates has been delayed due to bottlenecks in the reliability assessment of customer prototypes. As a result, the construction schedule for the production line of GlaSSEM, the glass core joint venture between Samsung Electro-Mechanics and Dongyu Fine Chem, has also been postponed, and the timeline for ordering related equipment has become uncertain.The report states that GlaSSEM has failed to communicate the equipment order schedule to its partner manufacturers. Previous orders have been postponed from December last year to March and June this year, and this has happened more than three times. After June, no further schedule guidance has been provided. Industry insiders believe that the main reason is that global communication semiconductor customers have not passed the reliability assessment certification for glass substrate prototypes. Samsung Electro-Mechanics is still producing prototypes at its Sejong plant, and most of the suppliers for key processes required for building the mass production line, such as deposition, etching, laser drilling, and inspection, have already been selected.Since the prototypes need to be remade and resubmitted, the originally planned investment schedule will inevitably be further delayed. Samsung Electro-Mechanics had set a target for mass production in the second half of 2027 when establishing GlaSSEM earlier last month, but during last month's financial report meeting, this timeline was adjusted to 2028, and now the mass production time is expected to be further postponed.

According to reports from Fast Technology, Changxin Memory's 17nm DDR5 chip yield has surpassed 90%, which is only about 2 percentage points lower than Samsung's same-generation products at 92% to 93%, marking a technical indicator that has entered the global first tier. Several major PC manufacturers have completed certification for Changxin DRAM chips around mid-year and have begun to incorporate them in small batches into certain laptops.The strategies adopted by different brands show significant differences: Dell has completely banned the use of Changxin chips; HP restricts their use to the mainland China market; Acer and ASUS have incorporated them into models aimed at the mainland China and emerging markets. Currently, the impact of Changxin products on the overall market prices of the three major memory giants remains limited, mainly because Samsung, SK Hynix, and Micron are currently more inclined to supply LPDDR5, while Changxin's current strategic focus is on expanding DDR5 shipments. Executives from PC companies have stated that the three major manufacturers hold over 90% of the global DRAM market share, and large-scale adoption must be approached with high caution. Currently, the number and usage of models using Changxin chips are quite limited.

According to the disclosure from the Common platform, Sushi DAO has released an RFC proposal to comprehensively restructure the SUSHI token economic model. The proposal suggests replacing the current xSUSHI fee distribution mechanism with a more balanced framework, specifically including: reducing the xSUSHI buyback scale to a sustainable level, establishing a protocol reserve (SUSHI Reserve) through weekly regular purchases of SUSHI, and allocating the remaining protocol revenue to Sushi Ops for operations and growth.In addition, the proposal also plans to migrate part of the protocol liquidity deployment to the Robinhood Chain. Currently, the proposal is in the RFC (Request for Comments) stage, pending community discussion and governance voting.

Bitget's head of Greater China, Xie Jiayin, issued a statement indicating that in response to the abnormal price marking incident involving TUT and two other trading pairs on August 9, Bitget will compensate affected users who meet the criteria, with a total compensation amount of nearly 40 million USD. The compensation will be calculated based on the user's account equity at 15:00 on that day, addressing related losses caused by forced liquidation of short positions during the period of abnormal price fluctuations.Xie Jiayin also stated that Bitget will continue to uphold the concept of "a warm exchange," ensuring the protection of user rights for retail, VIP, and institutional clients alike. After handling the incident, the platform will continue to review and promote the continuous iteration of products and related mechanisms.

Bitfinex's latest report indicates that Bitcoin buying is returning, but the current rebound still mainly relies on improvements in the macroeconomic environment rather than catalysts from the cryptocurrency market itself.

Yushu Technology was founded in 2016 and received seed round investment from early angel investor Yin Fangming, who invested 2 million yuan for a 15% equity stake, marking Yushu Technology's first external investment at that time.After several rounds of financing dilution, as of the IPO, Jun Wan Hong Yi, controlled by Yin Fangming, held 11,174,900 shares, with a shareholding ratio of approximately 2.76%, making him the tenth largest shareholder of Yushu Technology. Based on an issuance market value of 61 billion yuan, the market value of his shares is approximately 1.685 billion yuan. Compared to his initial investment of 2 million yuan, he netted 1.683 billion yuan, achieving a return rate of 841.5 times.

CLR revealed on platform X that pump.fun is attracting users to migrate from the FOMO platform through an incentive program. According to the disclosed agreement documents, pump.fun plans to offer eligible users a one-time signing bonus of $20,000 and a fixed monthly salary of $30,000. The agreement requires users to: migrate funds and trading positions from the FOMO platform to pump.fun; use a new wallet that has not been used by other platforms as an exclusive wallet; bind their X (formerly Twitter) account to the pump.fun wallet; publicly declare on their X homepage that this wallet is the only public wallet; and permanently delete and close their FOMO platform account.In addition, users must also meet real trading requirements, including completing at least $25,000 in trading volume on pump.fun each month (or 25% of the previous average monthly trading volume on the FOMO platform).

On July 29, the U.S. Department of Commerce signed letters of intent with seven companies, totaling up to $874 million, to support seven "post-GPU era" underlying technology routes such as CPO, ferroelectric memory, and 3D packaging in the form of equity investments. This marks a shift in the U.S. chip strategy from "capacity reshoring" to "technology route selection."The seven companies and their technology directions include: GlobalFoundries (CPO silicon photonic integration, $300 million), Kepler Computing (ferroelectric 3D memory, $245 million), Multibeam (multi-electron beam direct-write lithography and advanced packaging, $140 million), Extropic (thermodynamic sampling unit TSU, $75 million), Thintronics (ultra-low loss dielectric materials, $50 million), Aeluma (large-size phosphorus-free optoelectronic device substrates, $30 million), and OBSIDIA (hardware zero-trust chip anti-counterfeiting, $34 million). All companies are required to provide non-controlling minority equity to the U.S. government.This move shows that the funding usage of the CHIPS Act is shifting from subsidizing wafer fabs to directly holding equity in cutting-edge technology companies with national capital, in order to secure rule-making authority in the post-Moore era.