According to TechFlow, on August 21, data from the on-chain analysis platform Lookonchain indicates that a prominent early Bitcoin investor is altering their investment strategy. The investor, who holds $1.69 billion in Bitcoin, has recently transitioned from leveraged long positions to spot purchases of Ethereum. Initially, the investor sold $76 million worth of Bitcoin and established a $295 million long position in Ethereum. In the last six hours, they deposited an additional $114 million in Bitcoin to acquire $85 million in spot Ethereum, equivalent to approximately 19,794 ETH. This move highlights a significant shift in investment focus from Bitcoin to Ethereum.

According to BlockBeats, digital assets are experiencing a downturn as traders prepare for a highly anticipated speech by Federal Reserve Chair Jerome Powell at the Jackson Hole symposium on Friday. U.S. spot Bitcoin and Ethereum ETFs have seen outflows for four consecutive trading days, with investors withdrawing a net total of $1.9 billion.

Binance announced the launch of its Hot Summer Challenge, targeting selected regions in the Middle East, North Africa (MENA), and South Asia. The event, which runs from August 21, 2025, 00:00 (UTC) to September 21, 2025, 23:59 (UTC), offers eligible users the opportunity to win up to 300 USDT in token vouchers. Participants can join by buying or selling cryptocurrency through various methods, including peer-to-peer (P2P) trading, credit or debit card transactions, and P2P Express. The challenge is structured to reward both existing and new users. Existing users and merchants who achieve a significant increase in net trading volume during the activity period will be ranked and rewarded accordingly. The top 50 participants showing at least a 5% increase in trading volume compared to the previous month will receive token vouchers, with the first-place winner receiving 300 USDT. New users, defined as those who have not completed any buy or sell orders on Binance before the start of the activity, can also participate. The first 500 new users to make a transaction of at least $50 will have a chance to win up to 3 USDT in token vouchers. The activity is open to users from selected MENA and South Asian countries, excluding the United Arab Emirates and Bahrain. Participants must complete identity verification and register for the activity to qualify for rewards. Binance emphasizes that all token voucher rewards will be distributed within three weeks after the activity concludes, and users must redeem their vouchers within two weeks of distribution. The platform reserves the right to disqualify participants engaging in fraudulent activities or violating terms and conditions. Binance also retains the discretion to modify the terms of the activity without prior notice.

According to Foresight News, Yuan Zheng Technology (02488.HK) has announced plans to integrate its existing business expertise with technology in the real-world asset (RWA) sector. The company aims to advance the assetization of equipment and develop related RWA applications as part of its strategic initiatives.

Is Tether front-running a rebound, or bracing for deeper market weakness? source: https://ambcrypto.com/bitcoin-how-fomo-and-2b-usdt-could-drive-btcs-next-leg/

Ye, formerly known as Kanye West, has launched his own cryptocurrency, Yeezy Money (YZY), on the Solana (SOL) blockchain. source: https://finbold.com/kanye-west-launches-crypto-meme-coin-hits-3-billion-market-cap/

According to Foresight News, Sonic Labs has unveiled a proposal for expanding into the U.S. market and adopting traditional finance practices. The governance proposal outlines plans to establish Sonic USA, an entity dedicated to managing the protocol's integration into the American financial system. Sonic Labs is seeking community approval to implement several strategic initiatives. These initiatives include the creation of regulated exchange-traded products (ETP/ETF) to provide mainstream investors access to Sonic Labs' ecosystem. Additionally, the proposal suggests integrating BitGo's custody solutions to ensure compliance and security standards meet U.S. institutional requirements. Sonic Labs is also exploring Nasdaq PIPE and potential listing avenues to facilitate entry into the traditional stock market. The proposal recommends authorizing the issuance of $150 million worth of S tokens, including a $50 million ETF allocation, $100 million for Nasdaq PIPE, and the issuance of 150 million S tokens to strengthen Sonic USA's capital base. This funding will support infrastructure development, regulatory filings, and the resources needed to expand operations in a highly regulated financial environment. The deadline for voting on the proposal is August 31.

Fed Governor Waller said crypto payments are safe for banks and can be used every day. source: https://www.cryptopolitan.com/fed-governor-says-crypto-payments-are-okay/

生态扩张速度、竞争格局演变与技术落地稳定性将是决定其能否长期保持领先的三大核心变量。

Arthur Hayes, freshly pardoned by US President Donald Trump, has taken a board seat and major stake in a stem cell company where he’s also been a patient. source: https://cointelegraph.com/news/arthur-hayes-stem-cell-investment-trump-pardon?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

US spot Bitcoin and Ethereum exchange-traded funds (ETFs) posted another round of withdrawals on Aug. 20, extending their streak of consecutive net outflows to a fourth straight trading day. According to SoSoValue data, Spot Bitcoin ETFs recorded $311. 57 million in outflows for the day, pushing their four-day total to nearly $1 billion source: https://cryptoslate.com/insights/blackrocks-bitcoin-and-ethereum-etfs-leads-market-exodus-of-over-500-million/

如果使用货币的严格定义，稳定币是一种在层级上低于存款的支付工具，而非货币工具。

A US judge has unfrozen $57.6 million in USDC tied to the Libra token scandal, giving the accused access to the funds. The class-action case over the \$107 million token collapse is still ongoing in the US and Argentina.

Some of the biggest names in crypto—including Binance, Coinbase, Bitfinex, Crypto.com, HTX, Kraken, PayPal, Poloniex, Ripple, and Zodia Custody—have become the first members of the Beacon Network, a new crime response system designed by TRM Labs to track and freeze illicit funds in real time.

YZY是什么项目？目前有哪些争议？如何看待名人发币现象？

BTC,MicroStrategy,投资,MSTR、mNAV 和比特币财库储备的未来 金色财经,对比特币财库储备公司真正价值的深度剖析。

SBI Holdings plans to use blockchain to turn Japanese stocks into digital tokens, making trading faster and cheaper. The platform, developed with Singapore’s StarTale Group, aims to open Japanese equities to international investors and expand to bonds and ETFs.

Elon Musk has shifted gears in his political ambitions, putting his third-party project on hold and instead positioning himself as a key backer of Vice President JD Vance’s expected 2028 presidential run.

稳定币不但是一种新的支付工具，而且是金融基础设施升级的催化剂，传统银行被它逼着重新思考自身商业模式，监管者也被促使去更新过时的规则体系。

比特币不仅让人们意识到现行货币体系存在问题，还向他们展示了出路。