Key PointsTokenized assets under management (AUM) have climbed to an all-time high of ~$270B.Asset classes include cryptocurrencies, commodities, government bonds, private credit, equities, and venture capital.According to ChainCatcher, the market for tokenized real-world and digital assets continues to expand rapidly, hitting a new record of $270 billion AUM. This surge reflects strong demand for on-chain investment products spanning both traditional asset categories (such as bonds and equities) and crypto-native instruments.The growth underscores how tokenization is gaining traction as a bridge between traditional finance and blockchain, offering greater liquidity, transparency, and accessibility for a diverse set of assets.Tokenization is emerging as one of the strongest adoption trends in blockchain finance, with asset-backed tokens now commanding hundreds of billions in value.

Key PointsBank of America’s global fund manager survey shows most respondents have no cryptocurrency exposure.Among the minority with exposure, the average allocation is only 3.2%.Insight shared by Nate Geraci, co-founder of The ETF Institute, on Aug. 17 via X.According to TechFlow, Nate Geraci noted that the latest BofA Global Fund Manager Survey highlights a striking lack of cryptocurrency adoption in traditional portfolios. Despite the growth of institutional crypto products, the majority of global fund managers reported “zero” exposure to digital assets.For the small subset of managers who do allocate, crypto holdings averaged just 3.2% of portfolios—a signal that institutional positioning in BTC, ETH, and related assets remains cautious and marginal.Institutional crypto adoption is still in its infancy, with exposure concentrated among a few managers and at low weights.

Key PointsNate Geraci, President of The ETF Store, says companies holding BTC & ETH should be treated as cryptocurrency derivatives.Warns of special risks tied to their valuations and market sensitivity.Surprised that the industry still debates this classification.According to TechFlow, Nate Geraci, president of The ETF Store, argued on Aug. 18 that publicly traded firms whose treasuries primarily hold Bitcoin (BTC) and Ethereum (ETH) should be regarded as crypto derivatives, not traditional equities.Geraci emphasized that these firms carry unique risk profiles, since their valuations are largely dependent on underlying crypto asset performance. He expressed surprise that the industry still debates this framing, stating that valuation models must explicitly incorporate their derivative-like characteristics.Investors should assess BTC/ETH treasury stocks as high-beta crypto proxies, with risks distinct from both traditional equities and direct crypto exposure.

Key PointsEthereum validator exit queue hit 855,158 ETH Friday — an all-time high.Bitwise strategist Juan Leon links rising unstaking to ETH’s recent pullback.Large unstaking flows can create systemic selling pressure via stETH discounts, DeFi deleveraging, and forced liquidations.According to PANews, the Ethereum validator exit queue reached a record 855,158 ETH last week. Juan Leon, senior investment strategist at Bitwise, said this surge in unstaking could explain ETH’s recent weakness.Leon noted that heavy exits generally weigh on ETH’s price, as:stETH discounts reduce collateral value → forcing risk reduction and hedging.DeFi leverage loops (“stETH cycle”) become unprofitable → traders unwind positions, selling ETH to repay loans.This synchronized behavior may magnify spot ETH selling pressure in coming sessions.With over 850k ETH queued for exit, market participants should brace for sustained supply-side pressure as DeFi leverage unwinds. 

Key PointsJuly CPI initially revived rate-cut trade memories from July 11, 2024.July PPI (released Aug. 14) exceeded expectations, denting the trade.Powell’s Jackson Hole speech could reset expectations for a September rate cut.Rate-cut sensitive sectors: Russell 2000, S&P 500 Real Estate, Nasdaq Biotech.According to Jinshi Data, a CITIC Securities research note said U.S. equity markets have put rate-cut speculation on pause, awaiting cues from Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Global Central Bank Annual Meeting.The firm highlighted that while July’s CPI rekindled memories of the July 11, 2024 rally in rate-sensitive assets, the stronger-than-expected July PPI print on Aug. 14 dampened sentiment.CITIC Securities believes if Powell adopts a dovish tone and signals a September rate cut, markets could see a renewed rally in the Russell 2000, S&P 500 Real Estate, and Nasdaq Biotech indices—mirroring moves seen during the July 2024 rate-cut trade.

Key PointsEthereum (ETH) may be entering a new stage of application development, per Hong Kong experts.Unlike Bitcoin, Ethereum evolves via technical standards set by the Ethereum Foundation.DeFi can provide innovative financing channels for Hong Kong startups, entrepreneurs, and artists.According to TechFlow, Li Kaixiang, member of the Hong Kong Cyberport Creative Micro Fund Enterprise Development Advisory Group, said Ethereum applications are poised to enter a new phase of growth.Li noted that unlike Bitcoin’s fixed structure, Ethereum benefits from adaptable technical standards maintained by the Ethereum Foundation, allowing it to evolve with market needs.He emphasized that Ethereum’s ecosystem—particularly decentralized finance (DeFi)—can serve as a new source of capital for Hong Kong entrepreneurs and artists, offering innovative financing models outside of traditional banking. 

Key PointsMetaplanet shares fell below $6, down 33.15% in the past month.The drop comes as the firm continues to expand its Bitcoin holdings.This contrasts with expectations of gains in Japan’s crypto sector following regulatory news.According to TechFlow, Japanese crypto exchange Metaplanet saw its stock price fall to $6.01 on August 18, marking a new monthly low and a 33.15% decline over the past month.The sell-off comes despite the company’s continued accumulation of Bitcoin reserves. Market watchers had expected Japanese crypto-related equities to rise after the Nikkei reported that Japan’s Financial Services Agency (FSA) will approve the country’s first yen-denominated stablecoin.Instead, Metaplanet’s persistent decline underscores investor caution, suggesting Bitcoin treasury strategies alone may not offset equity market headwinds in the current environment. 

Key PointsWhen: Friday, Aug. 22, 10:00 a.m. ET (14:00 UTC / 22:00 SGT)What: Remarks on the economic outlook and the Fed’s policy framework reviewSource: Reported by ChainCatcherFederal Reserve Chair Jerome Powell will give a speech on Friday, Aug. 22 at 10:00 a.m. Eastern Time, outlining the economic outlook and updates related to the Fed’s monetary policy framework review. The remarks come amid heightened market focus on the Fed’s rate path and inflation dynamics.Why it mattersRate-cut expectations: Markets are keyed to Powell’s guidance on the timing and pace of rate cuts, with traders watching for any shift in language on growth, labor markets, and inflation progress.Framework signals: Any hints on the Fed’s average-inflation targeting, balance sheet strategy, or tolerance for above/below-2% inflation could recalibrate bond yields, the dollar, and risk assets.Cross-asset impact: Equities, Treasuries, USD, gold, Bitcoin, and ETH often react quickly to changes in Fed guidance.What to watch in the speechUpdates on inflation trajectory and the labor marketGuidance on September meeting probabilities and forward guidance toneCommentary on financial stability and liquidity conditionsClues on balance sheet runoff versus potential adjustments

سيركل، فيزا، سلسلة العملات المستقرة، صعود السلاسل المستقرة: صراع سيركل وفيزا على هيمنة المدفوعات. جولدن فاينانس: سلاسل كتل العملات المستقرة قادمة. لماذا يجب على هذين العملاقين القلق؟

According to TechFlow, Andrew Kang, co-founder of Mechanism Capital, warned that Ethereum (ETH) faces approximately $5 billion in upcoming liquidations.Kang suggested this wave of forced selling could push ETH prices down into the $3,200–$3,600 range, a sharp correction from recent highs near $4,700. 

According to BlockBeats, recent analysis by app intelligence provider Appfigures reveals that since its launch in May 2023, ChatGPT's iOS and Android applications have generated $2 billion in global revenue. This figure is approximately 30 times the total mobile revenue of its competitors, including Claude, Copilot, and Grok. Data indicates that ChatGPT's mobile app has achieved $1.35 billion in revenue so far this year, marking a 673% increase compared to $174 million during the same period in 2024. The app's average monthly revenue is nearly $193 million, significantly higher than last year's $25 million.

قادت شركة وايزلينك التايوانية جولة تمويل بقيمة 10 ملايين دولار أمريكي لشركة توب وين إنترناشونال، المدرجة في بورصة ناسداك، مما مكّن الشركة من شراء بيتكوين والتوسع في الأصول الرقمية. تجعل هذه الصفقة وايزلينك أول شركة تايوانية عامة تدعم استراتيجية خزينة بيتكوين، وتهدف إلى دمج حيازات العملات المشفرة مع العمليات التجارية العابرة للحدود.

يُحدث المشرعون في نيويورك ضجة بمقترح جديد مثير للجدل: ضريبة على العملات المشفرة تهدف إلى معالجة أزمة المواد الأفيونية في الولاية.

استخدمت مدينة جيجو الذكاء الاصطناعي وبيانات التبادل لتحديد ما يقرب من 3000 مقيم أخفوا عملات رقمية، وتراكمت عليهم ضرائب غير مدفوعة. وصادر المسؤولون 230 مليون وون (165,458 دولارًا أمريكيًا) من العملات الرقمية، ويستهدفون تحصيل 19.7 مليار وون (14.17 مليون دولار أمريكي) من إجمالي الضرائب والغرامات المتأخرة.

كما يُدير برنامج مايكروسوفت إكسل العمليات المالية التقليدية، تُصبح آلة الإيثريوم الافتراضية (EVM) برنامجًا جديدًا لدفاتر الحسابات، على وول ستريت تجهيزه. بهذه الطريقة فقط، يُمكنهم الحفاظ على حصتهم السوقية وتجنب التأثر بالابتكارات في منظومة الإيثريوم.

تُعقد ندوة جاكسون هول المرتقبة للبنك المركزي الأمريكي. ومن غير المتوقع أن يكشف باول عن قرار سعر الفائدة المُقرر في سبتمبر/أيلول مُسبقًا. وسيكون خطابه بمثابة معركة حاسمة بالنسبة له للدفاع عن استقلالية الاحتياطي الفيدرالي وتحقيق التوازن بين الاعتبارات الاقتصادية والسياسية.

من الإصدار إلى الوصول إلى الأسواق المتعددة إلى تحرير السيولة، فإن بنية الأسهم الرمزية تتشكل بشكل مطرد.

ChainLink، تقرير بحثي عن Chainlink: هل LINK يحقق مكاسب تتراوح بين 20 و30 ضعفًا؟ Golden Finance، LINK هي واحدة من أفضل فرص الاستثمار من حيث المخاطرة والعائد لأربعة أسباب:

من المقرر أن توافق اليابان على أول عملة مستقرة مدعومة بالين هذا الخريف، بقيادة شركة التكنولوجيا المالية JPYC. ستكون العملة مرتبطةً بالين بنسبة 1:1، وستدعمها الودائع المصرفية والسندات الحكومية.

يأمل الجوزاء الذي يعاني من صعوبات مالية في تغيير مصيره من خلال تقديم الاكتتاب العام الأولي بعد معاناته من بداية رهيبة في عام 2025 ماليًا.