According to Wu, Donald Trump accused Erika McEntarfer, the director of the U.S. Bureau of Labor Statistics appointed by the Biden administration, of falsifying employment data before the 2024 election. He claimed that the agency had exaggerated the employment rise by about 818,000 in March 2024, and overestimated it by 112,000 again in August and September. He stated that he had instructed his team to immediately replace McEntarfer and criticized the agency for its repeated data revisions which always leaned negative. In addition, Trump also accused the Fed of having political intentions behi

Nasdaq-listed carbon management company DevvStream (stock code DEVS) announced that it has launched a strategy for the issuance of cryptocurrency reserves, utilizing $10 million to purchase Bitcoin and Solana. The company previously financed this plan by issuing $300 million in senior convertible secured notes and plans to expand its equity credit facility with Helena Global Investment Opportunities to $300 million to further increase its holdings in cryptocurrency and accelerate investments in digital and environmental infrastructure. (The Block)

Wu learned that Donald Trump stated in a post on August 2, 2025, that in light of the "highly provocative" remarks made by former Russian President and current Deputy Chairman of the Russian Security Council Dmitry Medvedev, he has ordered the deployment of two nuclear submarines to the "relevant area" to prevent these remarks from being mere talk. He emphasized the importance of words and expressed hope that this would not lead to unintended consequences.

Mill City Ventures III announced a equity financing agreement of up to $500 million with A.G.P./Alliance Global Partners, with the funds to be used to expand its SUI reserves. Previously, Mill City had spent approximately $277 million to acquire over 76 million SUI and completed a $450 million private sale. The company stated that it will advance this strategy as the only official SUI treasury collaborating with the Sui Foundation. (The Block)

Sonic Labs announced the launch of the first Airdrop CLOB, allowing users to directly deposit the available portion of their airdrop allocation into their Wallet, while the remaining 75% will be minted as ERC 1155 fNFTs and released in installments over 270 days. These fNFTs allow users to trade their airdrop shares through the over-the-counter market at market-determined discounts, achieving interchangeability.

According to @defioasis data, LetsBONK created a total of 565,245 tokens in July, surpassing Pumpfun to become the largest Launchpad on Solana; there were 594,534 active addresses that traded these new tokens born in July, among which 71.4% of the addresses have realized losses, and there are 38,375 addresses that have realized profits exceeding 1 k USD (accounting for 6.45%).

The Bitcoin mining company American Bitcoin Corp (ABC), supported by the Trump family, is set to log in to Nasdaq through a Reverse merger with Gryphon. The SEC has approved the S-4 registration statement, and shareholder voting will take place on August 27. ABC completed a private sale of $220 million last month, holding a Computing Power of 10.17 EH/s, with a goal to expand to 25 EH/s. Eric Trump is expected to hold $367 million in shares. (The Miner Mag)

According to Wu's report and data from @defioasis, LetsBONK created a total of 565,245 tokens in July, surpassing Pumpfun, and became the largest Launchpad on Solana; during the month, there were 594,534 active addresses trading these new tokens born in July, of which 71.4% of the addresses have realized losses, and there are 38,375 addresses that have realized profits exceeding $10,000 (accounting for 6.45%).

According to Wu, Dune data reveals that in the past 30 days, the XRP Ledger (XRPL) has added 70 million transactions, averaging 1.8 million transactions per day; the total number of accounts on XRPL has surpassed 7 million, with over 1 million new users added in 2025, averaging over 2,000 new accounts per day; the volume of native DEX and AMM layers has risen by 21% and 17%, respectively. Additionally, XRPL is becoming a global stablecoin settlement layer, with Braza Bank issuing over 4.2 million USD BBRL in July, making it the second largest stablecoin after Transfero Group - BRL; the daily t

In July, the U.S. non-farm payrolls increased by 73,000, with the private sector contributing 83,000. The unemployment rate rose to 4.2% in July. However, the bigger focus is on the revision of previous values: the employment increases for May and June were drastically revised down to 19,000 and 14,000, totaling a downward revision of 258,000 jobs.

According to The New York Times, OpenAI has completed a new round of financing amounting to $8.3 billion, with a valuation reaching $300 billion. This round was participated in by institutions including Blackstone, TPG, T. Rowe Price, Sequoia Capital, and a16z. These institutions will promote the application of ChatGPT in traditional industries such as healthcare, finance, and manufacturing.

According to Wu, the UK's Financial Conduct Authority (FCA) announced that starting from October 8, 2025, retail investors will be allowed to participate in crypto exchange-traded notes (cETNs) through recognized investment exchanges, provided they comply with financial promotion rules and have no improper incentives. The FCA stated that although cETNs are not protected by the FSCS, the market has matured further, and this move will provide more compliance options for retail investors. The ban on crypto derivations remains in place, and the regulatory roadmap continues to advance.

According to Techub, on the first day of the implementation of the stablecoin regulations in Hong Kong, some Hong Kong cryptocurrency OTC offline stores, including One Satoshi, temporarily closed due to concerns about violating regulatory requirements. However, some OTC offline stores chose to continue operating. The operators of some stores that chose to continue operating believe that OTC activities involving non-Hong Kong legal tender (such as USDT) issued overseas are not within the regulatory scope of the regulations. According to the spirit of common law in Hong Kong, if there is no clea

Wu learned that the AI economic infrastructure platform GAIB announced the completion of a $10 million strategic investment led by Amber Group, with other Asian investors participating. The funds will be directly used to purchase tokenized GPU assets on the GAIB platform to enhance the on-chain deployment of AI computing power and attract more institutional participation. GAIB stated that it has attracted $28 million in deposits in the AID Alpha treasury this year and has integrated multiple DeFi protocols.

Paul Klanschek, co-founder and co-CEO of the European Crypto Assets platform Bitpanda, announced his resignation and is transitioning to an advisory role, with vice CEO Lukas Enzersdorfer-Konrad taking over. After achieving record annual performance, Bitpanda is evaluating strategic options, including a potential listing in Frankfurt. The company had previously explored the possibility of going public last year, with a valuation that could reach $4 billion (Bloomberg).

According to Wu, Glassnode data shows that despite BTC falling by 3.2% and ETH by 6%, the current market liquidation volume remains relatively low, with BTC at 110 million USD and ETH at 132 million USD, and the open interest (OI) retracement is mild. Glassnode points out that this round of decline is more likely to be dominated by spot selling pressure rather than leverage liquidation triggered by derivatives, and there are currently no signs of a leverage squeeze.

According to Tirto, the Indonesian Directorate General of Taxes (DJP) stated that since the taxation of encryption transactions in 2022, annual revenue has risen from 24.6 billion Indonesian rupiah in the first year to 62 billion rupiah in 2024; slightly decreased to 22 billion in 2023. By the end of 2025, it has reached 11.5 billion rupiah. Officials pointed out that encryption tax revenue shows significant fluctuation, greatly affected by market conditions.

According to Yahoo Finance, the Hong Kong "stablecoin regulations" officially came into effect on August 1, with a 6-month transition period, and the first issuer license is expected to be issued early next year. Shi Ziyuan, head of self-investment at Huaxing Capital, stated that this move will attract more mainstream institutions, quality capital, and innovative enterprises to get on board. Huaxing Capital plans to expand its Hong Kong Securities and Futures Commission licenses 1, 4, and 9 to digital asset businesses and increase investments in infrastructure such as Web3 and RWA. Huaxing has