According to PANews, Arthur Cheong, CEO and CIO of DeFiance Capital, recently expressed dissatisfaction on social media regarding how some Web3 startups handle business closures. Cheong criticized the lack of communication with investors when these companies shut down, describing the practice of "quietly disappearing" as unacceptable. He emphasized that even in failure, companies should at least send an email to investors with apologies and gratitude. Cheong referenced a post analyzing current venture capital models, highlighting issues such as lack of oversight, weak accounting foundations in startups, minimal decision-making power for investors, and a tendency for investors to focus on successful projects while neglecting failed ones. The model relies heavily on the ethical conduct of founders, but in a bullish market with abundant capital, founders might benefit personally through high salaries, bonuses, luxury travel funded by the company, renting personal office space to the company, or paying fees to affiliated companies. The post pointed out that these practices not only benefit founders significantly but also enhance their professional profiles, while investors' returns may decrease substantially or even become negative. Cheong agreed with these observations, stating that such situations remain unacceptable.

According to BlockBeats, Hong Kong Securities and Futures Commission (SFC) Executive Director Yeh Wai-ching and Legislative Council member Ng Kit-chung have been removed from the guest list of the Bitcoin Asia Summit, scheduled for August 28-29. Initially listed as speakers, both officials withdrew after receiving advice against interacting with Eric Trump, a guest at the event. Eric Trump, the second son of U.S. President Donald Trump, is an Executive Vice President of the Trump Organization and is involved in several U.S. cryptocurrency projects. The SFC stated that Yeh's absence is due to a business trip, while Ng cited family reasons for his cancellation. The South China Morning Post, citing informed sources, reported that the withdrawal was prompted by instructions to avoid engagement with Eric Trump. The summit, taking place on August 28-29, lists Eric Trump as a keynote speaker. An expert with ties to Beijing suggested the directive aims to prevent any collaboration or flattery towards Trump.

According to Foresight News, Paul Lee, co-founder and managing partner of Lobo Ventures, announced at the Bitcoin Asia 2025 conference that Bitplanet intends to establish a Bitcoin treasury company. The company plans to purchase $40 million worth of Bitcoin.

Former PBoC governor Zhou Xiaochuan highlighted stablecoin risks at a CF40 seminar, raising concerns over speculative behavior and systemic instability. source: https://coincu.com/358271-stablecoin-risks-zhou-xiaochuan-warning

According to PANews, German publicly traded company Nakiki SE has announced that its management board is assessing the interest of professional investors in a planned share issuance. The company aims to raise "tens of millions of euros" through this securities offering, with the proceeds earmarked for strategic investments in Bitcoin. Nakiki SE previously declared its intention to fully adopt a Bitcoin treasury strategy, aspiring to become the first publicly listed company in Germany to implement a pure Bitcoin reserve asset business plan.

According to BlockBeats, despite some analysts forecasting Bitcoin's price to reach $200,000 by 2026, most Polymarket investors are betting that it will fall below $100,000 by the end of this year. As of Wednesday, traders wagering on whether Bitcoin will drop below $100,000 this year estimate a 61% likelihood of this outcome. This figure is slightly lower than Monday's prediction, where 72% of bettors anticipated Bitcoin's trading price would again fall below $100,000. Presto Research analyst Min Jung noted that so far, the large-scale sell-off by whales and long-term holders has been met with sufficient buyer demand, particularly from corporate bonds and institutional allocators. However, if these major players begin to close positions more aggressively, the key issue will be whether there are enough new entrants to absorb this supply. If demand fails to keep pace, the likelihood of falling below $100,000 increases. David Hernandez, a cryptocurrency investment expert at 21Shares, commented that Bitcoin's sell-off is a sign of market maturation. Paradoxically, while a significant pullback might dampen short-term enthusiasm, it could also catalyze a healthier market by redistributing supply from concentrated whales and corporations to a broader base of retail and institutional holders, ultimately strengthening Bitcoin's long-term foundation.

According to PANews, on August 28, SharpLink transferred 23.46 million USDT to Galaxy Digital, as monitored by Lookonchain. The transaction may be intended for the acquisition of Ethereum (ETH).

Once formalized, the plan would build on the Philippines' already existing blockchain platform for budget management. source: https://decrypt.co/337140/philippine-senator-suggests-putting-national-budget-on-chain

According to Foresight News, Bitget's Chief Operating Officer Vugar participated in the World Leaders Forum organized by The Economic Times. During the event, Vugar discussed the evolving role and value of cryptocurrencies in the global financial system. The two-day forum brought together policymakers, founders, and technology leaders to explore how the crypto sector is reshaping the macroeconomic landscape. Vugar expressed his surprise at sharing the stage with Indian Prime Minister Narendra Modi and former U.S. Secretary of State John Kerry. He noted that this signifies cryptocurrencies are no longer a fringe topic but a central issue concerning the future of finance, especially in developing economies and emerging markets leading global trends.

Bitcoin stalled, but leading altcoins rose on Wednesday, even as investors assessed Nvidia Corp. (NASDAQ:NVDA) earnings. source: https://www.benzinga.com/crypto/cryptocurrency/25/08/47374932/bitcoin-holds-steady-while-ethereum-dogecoin-solana-climb-analyst-says-altcoins-could-rally-20-30-if-eth-does-this?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

BTC,美联储,美债,财库,加密货币,叙事博弈主导的市场：波动性为核心资产 金色财经,叙事交织的市场周期，波动性何以成为可定价的资产。

波动是我们持有加密货币所要付出的代价，但付出这个代价是值得的。

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Coinbase 面临的竞争挑战与时代机遇是并存的。

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对投机者而言：追逐的是涨幅更大，而不是谁持有更多比特币。我将系统性的、完整的拆解微策略的全部结构，回答那些流传已久的问题。

微观视角分析微观层面稳定币各参与方的动机和行为模式。

今日晚间推荐阅读：1.“抢购”成为共识 长期ETH市值将超越BTC；2.HYPE 的未来是三年内上涨 126 倍吗？3.特朗普大战美联储 币圈“遭殃”；

特朗普,美联储,特朗普大战美联储 币圈“遭殃” 金色财经,特朗普终于对美联储下手。

美联储可能在9月降息，并暗示未来可能有更多宽松政策。在这波狂热背后，市场正面临复杂的宏观经济环境。美股后期会如何？