timi

"BTC OG Insider Whale" agent Garrett Jin released a market perspective stating that Bitcoin bulls are currently in an unfavorable position, with BTC continuing to hover above $76,500.Garrett Jin expressed that he is not optimistic about the current prolonged bottoming market, believing that the longer the consolidation period, the more likely BTC is to break below the $76,500 support and further seek lower support levels, rather than immediately reversing.He pointed out that if Bitcoin wants to show a stronger trend again, it needs to at least regain and maintain above $78,300.

According to South Korean media MK, Min Byeong-deok, a member of the Democratic Party of Korea, revealed that the South Korean "Basic Law on Digital Assets" will be promoted for formulation within the year, with a public hearing planned for this month, and the formal advancement of the bill review will begin in November after the national government audit concludes. However, considering that the National Assembly will also conduct national government audits and budget reviews, the legislative timeline may be postponed until the first half of next year.In addition, the South Korean Financial Services Commission has announced a phased implementation roadmap for Security Token Offerings (STO), and financial institutions are also advancing tokenization system testing and global infrastructure cooperation. South Korea's digital asset regulation is gradually shifting from institutional discussions to the preparation phase for implementation.

ChainCatcher crypto trader Bonk Guy posted on the X platform in response to the recent controversy surrounding his purchase of EMBER and explained his investment logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was about 3 million dollars but did not buy in. After observing for a day due to the rapid growth of platform data, he re-evaluated and bought in from a market cap of about 7 million dollars all the way up to a 20 million dollar market cap.Bonk Guy mentioned that EMBER is the main Launchpad based on Meteora, supporting the use of SOL, USDC, and over 150 tokenized stocks as paired assets for issuing tokens, and employs Meteora Dynamic Bonding Curve technology, while also providing features such as token tax distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember recorded about 51.7 million dollars in trading volume and 561,000 dollars in fees within 3 days of launch, with a total of 2,041 tokens issued, over 41,800 unique wallet addresses, and 149,000 Solana transactions. Bonk Guy compared his purchase of Ember to his previous trade in PONS, stating that he first saw PONS when its market cap was below 1 million dollars, similarly ignoring it for a whole day, and then began buying in at around a 4 million dollar market cap. Rather than whether a popular token has already emerged, it is more important to observe the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, and that Solana's meme trading ecosystem has developed over a longer period, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also mentioned that his trading decisions are not based on market consensus. Some of his past most successful trades often came from identifying opportunities before the market formed a consensus; by the time everyone recognizes it, the asymmetric upside potential is usually significantly reduced.Regarding the recent controversy, Bonk Guy stated that the claim "EMBER has over 50% of Bubblemaps address clusters" has been clarified by Bubblemaps; his previous statement that Ember "was launched by Meteora" is also inaccurate, with a more accurate description being that Ember is based on Meteora's related infrastructure, which is now included in the Meteora ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.

Nick Timiraos, the "Fed Whisperer," stated that in the August CPI, core services inflation excluding housing rose by 0.51% month-over-month, the highest level since January, and increased by 3% year-over-year. Core goods inflation rose by 0.11% month-over-month and increased by 0.7% year-over-year. Housing inflation rose by 0.26% month-over-month and increased by 3% year-over-year.

According to Cryptopolitan, over 100 researchers, using AI coding agents, have reduced the quantum attack resource score for the Bitcoin secp256k1 elliptic curve point addition subroutine by 86.1% (from 10.75 billion to 1.496 billion). This optimization only targets a single step in Shor's algorithm and does not break any private keys or transfer funds; a complete attack still requires fault-tolerant quantum hardware that does not yet exist. However, each efficiency improvement compresses the time window for quantum migration after blockchain completion.According to Glassnode data, approximately 6.04 million BTC (30.2% of the circulating supply) face potential quantum risks due to exposed public keys on-chain. Ethereum plans to achieve full quantum resistance by December 2029, while the Bitcoin community faces greater challenges at the governance level, including how to handle approximately 1.7 million suspected dormant P2PK address coins held by Satoshi, which remains unresolved.

According to Blockaid monitoring, it has detected that the DeFi risk management protocol Cozy on Optimism has been attacked, resulting in a loss of approximately $170,000.

Trader Ansem posted that the altcoins of 2017 are essentially not much different from today's Meme coins. The former often attracted market funds through white papers and founder narratives, while today's Meme coins at least explicitly acknowledge that their essence is a form of attention trading.Ansem stated that he is currently more optimistic about Meme coins than ever before.

On August 25, CITIC Construction Investment Research reported that on August 21, OpenAI reduced the price of GPT-5.6 SolAPI by over 20%, further lowering the cost of high-performance model calls, which is expected to drive growth in high Token scenarios such as Agent and code generation, continuously boosting demand for inference-side computing power.Alibaba's latest quarterly AI Cloud and Compute Services revenue was approximately 48.4 billion yuan, a year-on-year increase of 45%. Revenue from AI-related products has seen triple-digit growth for 12 consecutive quarters, confirming that AI demand is accelerating towards commercialization. We remain optimistic about the opportunities in the industrial chain driven by the commercialization of large models and the increase in computing power demand, including optical modules, servers, liquid cooling, and cloud computing.

According to Cointelegraph, Bernstein analysts believe that USDC shows signs of "digital dollar re-inflation," with its supply surging by $2 billion in seven days.The institution maintains an outperform rating on Circle (CRCL), setting a target price of $140, and points out that USDC's trading volume share has surpassed that of USDT.

According to analysis by Glassnode, the current altcoin market has entered an optimistic state, with approximately 85% of altcoin funding rates rising above their respective averages, marking the highest level for this metric since BTC was at historical highs.During the altcoin season, a similar funding rate environment may persist for several weeks.

Robinhood CEO Vlad Tenev accepted a video interview with the overseas podcast The Iced Coffee Hour. In the interview, Vlad Tenev stated that he also trades using Robinhood, and he previously played with cryptocurrencies for a while, personally enjoying cryptocurrencies and fighting alongside everyone.Unfortunately, Vlad Tenev mentioned that he no longer posts on Reddit, although he did use Reddit when he first started using Robinhood. At the same time, Vlad Tenev expressed his views on Bitcoin. He stated that his investment portfolio is quite diversified, and he holds an optimistic view on Bitcoin in the long term, but he does not make predictions like Bitcoin will reach a price of 1 million dollars in the future.

During a podcast interview, Tom Lee was asked, "If you could only hold one for ten years, would you choose Robinhood or Kalshi?"Tom Lee responded, "I would choose Robinhood. They have a kind of moat and have established a real connection with their customers. Sometimes investors underestimate the importance of the Robinhood user interface."Tom Lee believes that predicting regulatory risks in the market is a very complex issue. It involves local regulatory agencies and court rulings.

Optimism governance has approved a proposal to transfer 546.9 million OP tokens (valued at approximately $49.7 million at the time of voting) originally reserved for future user airdrops to a strategic ecosystem fund managed by the Optimism Foundation. This move cancels the remaining dedicated airdrop pool and authorizes the foundation to use the tokens for collaborative transactions, incentives, and other initiatives to promote the growth of OP Mainnet and OP Enterprise. The proposal clearly states that there are currently no additional airdrop plans, and the tokens distributed in Airdrop 1 to 5 are unaffected.On-chain voting ultimately passed with 17.974 million OP in support and 10.931 million against. The core development team Test in Prod cast 8.486 million OP in favor about 17 minutes before the end of voting, raising the support rate from 45.77% to 61.84%; without that vote, the support rate would have been only 46.47%. The team claims to be fully funded by the Optimism Collective and has been involved in the development of OP Stack execution clients, network upgrades, and fault proofs since 2022.The Foundation stated that it has distributed 269.1 million OP through five airdrops, but broad user acquisition no longer aligns with the current institutional strategy. The new fund can support transactions related to chains, protocols, institutions, and infrastructure, as well as incentives for OP Mainnet activities and liquidity. Some representatives believe the authorization is too broad, and the L2BEAT governance team is calling for clearer deployment expectations, evaluation methods, and success criteria. The foundation will update public token accounting and disclose cumulative deployment status in the annual budget report.

According to CoinDesk, a governance proposal from the Optimism community has been approved, reallocating 546.9 million OP tokens originally planned for user airdrops to the "Strategic Ecosystem Fund" managed by the Optimism Foundation, sparking discussions in the community about governance transparency and user rights. The OP tokens involved account for approximately 12.7% of the total supply, valued at about $49.7 million at current prices.The Optimism Foundation stated that as the ecological strategy shifts towards institutional adoption and corporate partnerships, large-scale user airdrops are no longer fully aligned with the current development direction. Unused tokens can be utilized for ecosystem incentives, partnership building, and enterprise-level project expansion. The final vote resulted in 17.974 million OP in support and 10.931 million OP against the proposal.A key turning point occurred 16 minutes and 52 seconds before the voting ended, when the Optimism core development team Test in Prod (delegate.testinprod-io.eth) cast 8.486 million OP in support, raising the approval rate from 45.77% to 61.84%, ultimately pushing the proposal through.If the vote from Test in Prod were excluded, the support rate for the proposal would only be 46.47%, which would not have passed, and the related tokens might have remained in the user allocation pool. The Optimism Foundation previously committed to disclosing the cumulative usage of the fund and related results through an annual budget report. This vote has also reignited discussions about the influence of "large delegated voting rights" in DAO governance and the balance of rights for token holders.

According to Bitcoin Magazine, the Chief Investment Officer of Bitwise stated that Bitcoin appears to be close to the bottom, and there seems to be volatility in the market that could be released upwards. He noted that when observing the market currently, he feels quite optimistic about the trends for the remainder of this year.

BitMEX co-founder Arthur Hayes recently published a response to the skepticism surrounding his simultaneous bearish stance on the AI bubble while investing in AI crypto projects. Hayes stated that the so-called bubble is mainly reflected in the debt issued for building data centers, as well as the stock valuations of unprofitable hyperscale cloud vendors and cutting-edge laboratories, rather than the AI technology itself.He emphasized, "Price is what you pay, value is what you get," and expressed his 100% belief in the agentic economy. Hayes pointed out that the surplus computing power formed through borrowed funds has actually reinforced his optimistic logic regarding his project Flop Labs.

According to The Block, White House digital asset advisor Patrick Witt expressed that he is "truly optimistic and bullish" about the CLARITY Act, the U.S. crypto market structure bill, ultimately becoming law, despite renewed controversies surrounding stablecoins. The bill spans over 600 pages, and the Senate is currently in recess until mid-September, with Republican leader John Thune scheduling a procedural vote requiring 60 votes on September 15 to advance the discussion.Witt stated that the White House will communicate with Democratic lawmakers to bridge the gaps. The main points of contention include issues related to stablecoin rewards and yields. Previously, the Alsobrooks-Tillis compromise proposal prohibited purely holding rewards while allowing rewards for trading or payment scenarios. Senate Banking Committee Chairman Tim Scott indicated that further discussion is needed; another focal point is the conflict of interest and ethical provisions related to Trump's crypto business interests, with Democrats seeking stricter rules. Trump had previously agreed to some restrictions and set sunset clauses, and is currently reviewing additional Gallego-Tillis proposals.

EtherFi announced that the existing lending infrastructure of EtherFi Cash can no longer meet development needs. A dedicated Aave V4 instance is currently being deployed on the Optimism chain to support the credit card backend.EtherFi Cash currently has an active loan amount of 22 million USD, and it is expected that the lending capacity will reach 500 million USD by 2027. There are already 70,000 cardholders using cryptocurrency for consumption without the need to sell their cryptocurrency.