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, 連邦準備制度理事会, 米国債, 財務省, 暗号通貨, 物語ゲームに支配される市場：中核資産としてのボラティリティ ゴールド・ファイナンス, 物語が絡み合う市場サイクル, 何がボラティリティを価格付け可能な資産にするのか。

ボラティリティは暗号通貨を保有するために支払う代償だが、その代償を支払う価値はある。

ゴールデンファイナンスは、暗号通貨とブロックチェーン業界の朝のニュースレター「ゴールデンモーニング8:00、第2799号」を創刊し、最新かつ最速のデジタル通貨とブロックチェーン業界のニュースをお届けします。

Coinbaseは競争上の課題と機会に同時に直面している。

ゴールデンファイナンスがお届けするゴールデンウェブ3.0デイリーでは、MEME、DeFi、DAO、NFT、メタバース業界の最新・最速ニュースをお届けします。

投機家向け：誰がより多くのビットコインを保有しているかではなく、より大きな利益を追い求めよう。マイクロストラテジーの構造全体を体系的かつ完全に解体し、長い間流布してきた疑問に答えようと思う。

ミクロの視点は、ステーブルコインの様々な参加者の動機や行動パターンをミクロレベルで分析する。

今晩の推薦図書：1.「つまみ食い」がコンセンサスに 長期的なETH市場価値はBTCを超える、2.HYPEの未来は3年で126倍に？ 3.トランプと連邦準備制度理事会（FRB）の戦争 通貨サークルは「苦しんだ」；

トランプ、連邦準備制度理事会、トランプの連邦準備制度理事会との戦い、暗号通貨サークルは「苦しんだ」ゴールド・ファイナンス、トランプはついに連邦準備制度理事会に挑んだ。

米連邦準備制度理事会（FRB）は9月に利下げに踏み切る可能性が高く、将来的な追加緩和の可能性も示唆している。この熱狂の裏で、市場は複雑なマクロ経済環境に直面している。年明けの米国株はどうなるのか？