Odaily News: CZ stated at the Bitcoin Asia 2026 conference:
"I believe Bitcoin will definitely become more important than gold. Yes, I think today we need to understand that it takes many years for major countries to make changes. Today they already have a mechanism for valuing and holding gold, a whole set of mechanisms already exists. It will take some time for them to shift to Bitcoin or to crypto assets, but this will definitely happen. Bitcoin itself is a much better asset than gold.
I think there is a very small possibility that something better than Bitcoin will replace it, such as another digital currency growing faster than Bitcoin and surpassing it before Bitcoin overtakes gold. Based on everything we see today, the probability of this happening is quite small. I think Bitcoin will surpass gold soon. There's only about a 10x gap between them now, so who knows, maybe it will happen in the next bull run."
Odaily News: At the Bitcoin Asia 2026 conference, CZ stated that global crypto compliance adoption still faces challenges such as the lack of regulatory frameworks, the slow acceptance of new technologies by government officials, and negative coverage from traditional media. However, attitudes towards crypto technology among national leaders and politicians are shifting. CZ noted that an increasing number of countries are focusing on centralized trading platforms, stablecoins, crypto reserves, and tokenized assets. He suggested that countries establish crypto reserves, place their national currencies on the blockchain, and promote the tokenization of assets such as rare earths, real estate, cultural artworks, and intellectual property.
Odaily News: Bank of America maintains a 'Buy' rating on SK Hynix with a target price of $250, believing that long-term tight memory supply will support industry prosperity.
Odaily News: CZ posted on X platform that tokenized assets are beneficial to Bitcoin and the entire industry. Those who understand Bitcoin will eventually understand other blockchains and tokens; those who enter the crypto market through stock tokenization will eventually be exposed to Bitcoin. Taking Hong Kong as an example, Asian users typically need to open a brokerage account to buy US stocks, which is a difficult process, and US stock trading hours are approximately from 23:00 to 4:00 the next day. Stock tokenization enables users who previously could not buy US stocks to participate in the stock market through crypto platforms and may gain Bitcoin exposure. Over time, this effect will accumulate. Therefore, factors that benefit tokenized stocks also benefit the traditional stock market and Bitcoin; the entire ecosystem is not a competition among projects.
SK Group plans to sell a 49% stake in its Ulsan artificial intelligence data center in South Korea to several private equity firms. SK Telecom and SK Broadband intend to approve the transaction at the board meeting on August 27.KKR will acquire a 29% stake, while a consortium formed by IMM Investment and Stonebridge Capital will acquire a 20% stake. The transaction is valued at approximately 3 trillion won, which includes about 1.2 trillion won in capital increase.
Chief Economist Fu Peng of New Fire Group published an article pointing out that although Nvidia's latest financial report has exceeded expectations for 15 consecutive quarters, the market has reacted lukewarmly to the financial data itself. Indicators such as stock price and options volatility show that market investors are currently more concerned about whether the free cash flow of the future index center can be smoothly delivered, and how long the momentum of AI growth can be maintained. These issues weigh more heavily than the performance of a single quarter's financial report, so even if this performance exceeds Wall Street's expectations by a few points, it does not change the denominator of the valuation.Fu Peng believes that Jensen Huang's statement during the conference call clearly indicated that "the inflection point for AI has arrived," which is essentially to reassure the market, aiming to strengthen market confidence in the formation of a closed-loop AI industry chain and alleviate concerns about over-investment. Investors should observe how long it takes for the market to digest this round of confidence boost, and how long the elevated expectations brought by Jensen Huang will last before fading. If the sentiment fades quickly, it indicates that the current typical market mentality is "no rabbit, no hawk," and the impact of manufacturers repeatedly reinforcing confidence in the market is gradually weakening, which can be observed from the duration of market fluctuations after each conference call.
According to reports from Saudi Arabian television, a senior Iranian official stated that Iran is unable to import enough fuel to compensate for domestic production shortfalls due to the blockade by the U.S. Navy.
According to monitoring by Catcher Predict, in the event "WTI Crude Oil August 2026 Price Prediction" on the prediction market Polymarket, the "Yes" option in the sub-market "Below $80" has experienced significant fluctuations in winning probability, soaring from 64.5% an hour ago to the current 83.5% (a fluctuation of 19%). Please note the impact of related breaking news.
CryptoQuant analyst Axel Adler Jr. pointed out that Bitcoin's two profit and loss indicators have reversed simultaneously in the past ten days. The 90-day realized profit and loss ratio has risen above 1 for the first time since the end of July (reaching 1.003 on August 26), and the unrealized loss ratio has decreased from 18.57% on August 16 to 7.35%, a drop of about 60%, marking the lowest level since May 11.The analyst stated that losses are no longer dominating the market, but the current readings are almost exactly at the breakeven line and need to be continuously confirmed. Historically, during the capitulation phase from 2022 to 2023, this ratio remained below 1 for 241 days, with a minimum drop to 0.368. The current loss pressure is still distant from historical deep capitulation. Both indicators show that holders' financial conditions have significantly improved compared to the low point in August, but true confirmation requires the realized profit and loss ratio to remain consistently above 1 and unrealized losses to stay low.
Odaily News: Huang Licheng (@machibigbrother) previously spent about 5,200 ETH, worth $16.7 million, to buy 11 million FRIEND tokens, which are now worth only $500,000, with losses exceeding $16 million. Today, Huang Licheng offered $1 million to acquire Friend.tech and plans to restart it. On-chain data shows that Huang Licheng transferred 11 million FRIEND tokens to wallet 0x3205 five days ago and has since purchased an additional 124,873 FRIEND tokens, worth $5,700.
Odaily News: Jeremy Allaire posted on X that StableFX is about to launch on the Arc mainnet. Previously, StableFX had already launched on the Arc public testnet. StableFX is an institutional-grade stablecoin foreign exchange engine that covers local currency stablecoins in major and emerging markets, supporting near-instant, 24/7 on-demand settlement. It adopts a PvP mechanism, where both sides either settle simultaneously or not at all, to reduce capital occupation, and allows access to multiple audited counterparties through a single onboarding process.
On August 27, according to TradingBeats (formerly Hyperinsight), with the recovery of the cryptocurrency market, "Maji" has added the altcoin ENA to its long list, now holding a long position worth $460,000. As of the time of publication, its holdings are as follows:A long position worth $61.04 million with 25x leverage on Ethereum;A long position worth $43.40 million with 40x leverage on Bitcoin;A long position worth $19.13 million with 10x leverage on HYPE;A long position worth $463,000 with 10x leverage on PUMP;A long position worth $461,000 with 10x leverage on ENA.
Jeremy Allaire posted on the X platform that StableFX will soon launch on the Arc mainnet. Previously, StableFX had launched on the Arc public testnet.StableFX is an institutional-grade stablecoin forex engine that covers local currency stablecoins in major and emerging markets, supporting near-instant, 24/7 on-demand settlement, using a PvP mechanism, which means funds are either credited to both parties simultaneously or not at all, to reduce capital occupation, and it can connect multiple vetted counterparties through a single access point.
Odaily News: Bitcoin multisig hardware wallet Frostsnap has released version v0.4.0, fixing two security issues, with no user funds lost so far. First, a malicious signing request could mark a certain output as belonging to the user's wallet; the device did not verify this claim and would not display it on the confirmation screen, potentially allowing funds to be transferred to an address the user had never seen. Second, change addresses could fall outside the wallet's recovery scan range, causing funds to appear missing after backup restoration, although the funds were actually still in the wallet. After the update, the app will prompt users to upgrade their device firmware, and new firmware downgrade protection has been added. The Frostsnap team recommends that users update the app and firmware as soon as possible.
Odaily News: The UK government plans to give the Bank of England a new role in supporting payment innovation, including stablecoins, while retaining its responsibility for maintaining financial stability. (Cointelegraph)
According to a notice from the U.S. Commodity Futures Trading Commission (CFTC), scammers are frequently impersonating government agencies, banks, investment firms, utility companies, or tech support personnel to lure victims into transferring funds via cryptocurrency ATMs, gift cards, unfamiliar applications, or courier services. They exploit the irreversible nature of transactions and the difficulty in tracing address ownership to carry out their scams.Data from the Internet Crime Complaint Center (IC3) of the FBI shows that in 2025, reported losses from scams involving cryptocurrency ATMs exceeded $388 million, a 58% increase from the previous year, with actual losses potentially higher due to underreporting.The CFTC states that legitimate government departments, financial institutions, and businesses will not ask users to transfer assets via cryptocurrency ATMs, gift cards, or courier services. If someone urges action by claiming "your account or identity is at urgent risk," or requests confidentiality, remote control of devices, or transfers to specified wallet addresses or QR codes, it should be considered a high-risk signal. Regulatory agencies recommend that users stop trading, independently verify information through official channels, and promptly report suspicious scams to the CFTC or FBI IC3.
Enjin's ERC-1155 "Crypto Items" allows each item to route transfers through a dedicated item adapter. Attackers register and use malicious transfer adapters to bypass owner approval checks, allowing their vulnerable contracts to extract ENJ-supported items from about 52 unrelated holder wallets without approval via transferFrom.Subsequently, the attackers call melt() on each stolen item, redeeming 500 ENJ for each item from the platform's reserves.
According to The Wall Street Journal, Barret Zoph, co-founder of Thinking Machines Lab, will join Google as Vice President of Research. Zoph suddenly left the startup to join OpenAI after a dispute with CEO Mira Murati earlier this year, and after a brief tenure at OpenAI, he changed employers again.Previously, Zoph served as Chief Technology Officer at Thinking Machines Lab and led efforts to sell artificial intelligence products to enterprises during his time at OpenAI. Google has confirmed this appointment. Recently, Google has lost several high-profile researchers in succession.