Hong Kong's RWA registration platform and stablecoin legislation are redefining the relationship between "assets" and "currency", and also reflect Hong Kong's ambition to reconstruct financial infrastructure and regain financial discourse power in the global Web3.0 wave.

According to Foresight News, Block, the payment platform founded by Twitter co-founder Jack Dorsey, has released its second-quarter financial report. The company reported a gross profit of $2.54 billion, marking a 14% increase compared to the same period last year. Net income attributable to common stockholders reached $538.46 million, a significant rise from $195.27 million in the previous year. Block also increased its Bitcoin holdings by 108 BTC, bringing its total to 8,692 BTC. However, the company recorded a revaluation loss of $212.17 million due to a decline in Bitcoin's fair value, contrasting with a revaluation gain of $70.12 million in the same quarter last year.

According to BlockBeats On-chain Detection, an on-chain analyst known as Ai Yi has reported that a significant Ethereum (ETH) whale has completed a profitable transaction. Following a recent price surge in ETH, the whale executed their final limit sell order, selling 5,000 ETH at a price of $3,895 each. This transaction amounted to approximately $19.475 million, marking the conclusion of the whale's fourth profitable trading cycle.

According to Cointelegraph, Bitcoin miner CleanSpark has announced its most successful quarterly results to date, surpassing analyst expectations with record revenue and profitability. For the third quarter, spanning April to June, CleanSpark reported revenue of $198.6 million, marking a 91% increase from the $104 million recorded in the same period last year. This figure exceeded analyst predictions of approximately $195 million. CleanSpark CEO Zach Bradford highlighted the quarter as the most successful in the company's history, attributing the results to the strength of their strategic approach. CleanSpark also reported a quarterly net income of $257.4 million, a significant turnaround from the $236.2 million loss experienced in the previous year. The company's diluted earnings per share reached 78 cents, far exceeding the anticipated 20 cents per share. Chief Financial Officer Gary Vecchiarelli described the fiscal third quarter as pivotal, noting that operational expenses were fully funded through monthly Bitcoin production while simultaneously expanding their Bitcoin treasury. In a notable achievement, CleanSpark claimed to be the first public mining company in the United States to reach 50 exahashes per second, managing 5.8% of the global hashrate. Bradford emphasized that this milestone was achieved exclusively with American infrastructure. The firm expanded its Bitcoin treasury to over $1 billion in value without raising capital through equity offerings in 2025. Currently, CleanSpark holds 12,703 BTC, valued at approximately $1.48 billion at current market prices, ranking it as the ninth-largest Bitcoin holder among public companies. Despite these impressive results, CleanSpark's shares (CLSK) closed down over 2.5% at $10.72 on Thursday, with only a slight after-hours increase that settled to less than a 1% gain. Since the beginning of 2025, CleanSpark's shares have risen by 16.4%, outperforming sector leader MARA Holdings, which has seen a decline of over 7% this year. The quarter has been favorable for Bitcoin mining firms overall, driven by a 32% increase in the asset's value during the period. In late July, MARA Holdings exceeded analyst expectations with a 64% year-on-year revenue increase to $238 million in its second-quarter earnings. Similarly, Riot Platforms reported a record net income of $219.5 million for the same period.

CleanSpark’s results for its Q3 saw revenues reach nearly $200 million, jumping 91% from the same time a year ago. source: https://cointelegraph.com/news/cleanspark-record-revenue-most-successful-quarter-ever?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

DeFi: 7 charts to understand the current state of DeFi in 2025 Golden Finance: Current DeFi market status and trends

Animoca, Standard Chartered, and HKT launch Anchorpoint Financial in Hong Kong to issue licensed stablecoins. source: https://coincu.com/353325-animoca-stablecoin-venture-hong-kong

The recent formation of a bull flag pattern in XRP's price chart strongly suggests that the cryptocurrency could surge to a target price of $8, especially as the long-awaited conclusion of the Ripple versus SEC legal battle approaches. This development has attracted significant attention from traders and investors alike, who are closely watching the outcome of the case, as it could have major implications for the future of Ripple and the broader cryptocurrency market. source: https://www.coindesk.com/markets/2025/08/08/xrp-bull-flag-points-to-usd8-as-ripple-sec-case-reaches-end

Key takeaways LINK is the second-best performer among the top 20 coins, up 13. 5% in the last 24 hours. The rally comes after Chainlink introduced the Chainlink Reserve. The cryptocurrency market has turned bullish following days of bearish price action this week source: https://coinjournal.net/news/link-eyes-20-5-as-momentum-indicators-switch-bullish-check-forecast/

The company said it is raising its gross profit forecast for 2025 to $10. 17 billion, up from its earlier forecast of $9. 96 billion. source: https://www.theblock.co/post/366108/jack-dorseys-block-inc-reports-income-growth-q2?utm_source=rss&utm_medium=rss

In his latest podcast conversation, Ethereum founder Vitalik delved into the biggest problems and opportunities facing the network's future.

S&P Global gave Sky Protocol a 'B-' credit rating, based on risks involved with high depositor concentration and centralized governance. source: https://www.theblock.co/post/366106/sp-global-sky-protocol?utm_source=rss&utm_medium=rss

According to PANews, Animoca Brands has partnered with Standard Chartered Bank (Hong Kong) and Hong Kong Telecom (HKT) to establish a joint venture named Anchorpoint Financial Limited in Hong Kong. The venture aims to develop a business model focused on the issuance and promotion of licensed stablecoins. Anchorpoint has officially expressed its intention to the Hong Kong Monetary Authority to apply for a stablecoin issuer license when the Stablecoin Ordinance comes into effect on August 1, 2025. source: https://www.binance.com/en/square/post/28022893548314?utm_source=BinanceNewsRSS

Kraken has added PayPal deposits for US users, letting them move dollars into their trading accounts instantly. The feature supports PayPal balances, linked cards, and bank accounts, with a $7,000 weekly limit.

In a landmark move that could reshape the future of American retirement, former President Donald Trump has greenlit the inclusion of crypto in 401(k) retirement plans—effectively forcing the U.S. Department of Labor to reevaluate its approach to defined-contribution schemes.

特朗普宣布任命斯蒂芬·米兰为美联储理事，任期暂定至2026年1月31日。这场短暂的“联储试镜”，会不会成为加密行业的意外助推剂？

“Alternative assets such as private equity, real estate and digital assets can offer competitive returns and diversification benefits.”

“401(k) retirement plans can invest in a variety of alternative assets, including holding actively managed investment vehicles that invest in digital assets.”

Once the $12.5 trillion pension fund market opens up to cryptocurrency investments, professionals estimate that capital inflows could reach as high as $800 billion.

Golden Finance has launched the 2779th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.