Odaily News: BitcoinTreasuries.NET posted on X that bitcoin reserve company Strive's market cap reached $1.7 billion, with its stock price rising above $20, surpassing US fast-food giant Wendy's.
According to Cointelegraph, the Securities and Exchange Commission (SEC) of Thailand has advanced its regulatory framework for locally listed spot Bitcoin and Ethereum ETFs from a principled proposal to the rule draft stage and is publicly soliciting opinions on this. The regulatory agency released two consultation documents on Monday, one containing the rule draft for Thailand's crypto ETFs, and the other proposing qualification principles for foreign digital asset custodians.In the initial phase, asset management companies can establish passive ETFs that track Bitcoin or Ethereum, which are the only qualified crypto assets. According to the proposed rules, Bitcoin and Ethereum ETFs will only trade on the Stock Exchange of Thailand (SET), with each ETF tracking a single crypto asset and required to maintain at least 80% net asset exposure to that asset within each accounting year. Mutual funds and private funds can also invest in Thailand's local crypto ETFs, as well as the foreign crypto ETFs they are permitted to invest in, but must comply with existing investment limits. However, in the initial phase, the regulatory agency does not allow alternative products linked to foreign crypto ETFs, including depositary receipts that track them.Regarding custody, the revised plan still primarily relies on domestic digital asset custodians as the main service providers in the initial phase, and the Thai SEC may allow the use of qualified foreign digital asset custodians when necessary. Foreign custodians must be supervised by a regulatory agency with legal authority and meet the regulatory and investor asset protection standards deemed sufficient by the Thai SEC. The deadline for public opinion collection on the two consultation documents is September 20.
Odaily News: The US Treasury Department announced the establishment of a Quantum-Readiness Task Force to facilitate the orderly transition of the US financial industry to quantum-safe technologies and post-quantum cryptography (PQC). The task force, a public-private partnership, will bring together government agencies, financial institutions, financial market infrastructures, technology providers, and other private sector participants, focusing on three key areas: financial sector coordination and PQC migration, third-party and vendor readiness, and risks related to digital assets and emerging technologies. The task force is established pursuant to Executive Order 14412 previously issued by the Trump administration and takes into account the G7 Cyber Expert Group's roadmap for transitioning to post-quantum cryptography.
Odaily News: According to GMGN market data, the market cap of DTF, a token in the Robinhood Chain ecosystem, briefly surged past $5 million and is now around $5.37 million, with an intraday gain of more than 97x.
DTF's narrative revolves around "packaging a basket of investment strategies into a single token." Users can choose different strategy combinations and issue corresponding tokens. Other users can also create DETFs based on these tokens and earn protocol fees by staking DTF.
Odaily reminds users that the token is highly volatile and susceptible to market sentiment and hot events. Please be aware of trading risks.
Odaily News: According to on-chain analyst lookonchain, a whale that had been dormant for 4 years recently sold 1,400 BTC, worth about $111.6 million. The whale acquired 2,200 BTC 4 years ago at an average price of $45,024, worth about $99.05 million at the time. Since then, the whale held long-term, not selling even when unrealized profits peaked at $178 million, but recently began reducing holdings, with cumulative profits of about $76.5 million.
According to monitoring by Lookonchain, a dormant whale for 4 years recently sold 1,400 BTC, worth approximately 111.61 million USD.This whale received 2,200 BTC at an average price of 45,024 USD 4 years ago, with a total value of about 99.05 million USD, and did not sell during the period when unrealized profits peaked at 178 million USD. Currently, it has begun to sell BTC, with cumulative profits of approximately 76.5 million USD.
Vaults.fyi released the report "2026 DeFi Custody Market Status," covering 856 vaults, 131 custodians, and 18 protocols, with a total locked value of approximately $11.29 billion. Over the past year, the TVL on the supply side of DeFi decreased by 41.8%, while the TVL of custody vaults grew by 39%, increasing market share from 5.24% to 12.51%. The top 5 custodians manage 69% of the funds, and the top 10 account for 79.1%. The leading landscape has changed dramatically, with Sentora and Concrete not making the list a year ago, now ranking second and fourth, respectively, while Usual dropped from fourth to thirty-fourth.Morpho ranks first among protocols with a custody TVL of 46.2%, with the remaining 53.8% distributed across the other 17 protocols. Bitcoin collateral accounts for 54.1% of Morpho's top 25 stablecoin vaults (approximately $3.71 billion). In terms of address concentration, weighted by TVL, a single address holds an average of 47% of vault shares, with the top ten addresses collectively controlling 74%. About 33% of the custody funds require a multi-step redemption process, with a 7-day annualized yield median of 4.82%, which is 98 basis points higher than instant redemption vaults.The report also points out that traditional financial institutions such as Société Générale, Apollo, and JPMorgan have begun to deploy custody vault strategies.
According to CryptoQuant analyst MorenoDV_, after Bitcoin rebounded above the new whale cost basis of around $70,000, new whales realized profits reaching a record $1.2 billion.If Bitcoin can maintain above the new whale cost basis of around $70,000, while realized profits return to normal, it will indicate that new demand is effectively absorbing market selling pressure.
Odaily News: According to on-chain analyst Ember Monitoring, Hyperliquid's largest long address closed another 800 BTC position four hours ago, worth approximately $64.4 million. Its original long position of about $537 million has now been reduced to only about $80 million, while another address still holds a 1,000 BTC long position that has not been closed.
Over the past three days, this whale has cumulatively closed approximately 120,000 ETH and 2,000 BTC, realizing a profit of about $61.72 million.
According to a report by Nikkei Chinese Network citing Bloomberg on August 24, the Trump administration is considering imposing an additional 7.5% tariff on goods imported from China, a move seen as a countermeasure against China's overcapacity. If this tariff is implemented, combined with previously imposed tariffs, the total tax rate will reach 20%, returning to the level before the U.S. Supreme Court ruled the Trump tariffs invalid in February of this year.The report states that in July, the Trump administration imposed additional tariffs of 10% or 12.5% on China and 59 other countries and regions based on Article 301 of the Trade Act, citing their inadequate response to forced labor issues; at the same time, it had also considered imposing tariffs on China, Japan, and 14 other countries and regions regarding the issue of overcapacity. The U.S. claims that China's surplus products are eroding the American market, to which China has rebutted.
According to AI Aunt (@ai_9684xtpa), "Set 10 big goals first" has stopped losses and exited the market. The additional short positions added by the relevant account have all been closed; thus, the total of the three trades after this "comeback" is in a loss state, but it is just a profit withdrawal (it was previously disclosed that the total profit was around 70 million USD).In terms of specific gains and losses, the long position made a profit of 20 million USD; the first short position incurred a loss of 6.283 million USD; the first half of the second short position had a certain loss of 10.158 million USD, while the loss amount for the second half is unknown, expected to be around 9 million USD.
Odaily News: Strive CEO Matt Cole posted on X that Feb. 19 marked the bottom of ASST's bear market. Despite extreme pessimism toward the company at the time, his conviction in Bitcoin and the company's long-term strategy never wavered. During that period, company executives and directors purchased ASST shares with their own funds, and some directors resigned from the board to join the company full-time.
Strive stated that while ASST's stock price has surged and market sentiment has clearly recovered, the company's focus remains unchanged. It believes the Bitcoin bull market is just beginning and has built a capital structure around Bitcoin designed to amplify its performance, remaining "all-in."
Strive Chairman and CEO Matt Cole stated that February 19 was the bear market bottom for the company's stock $ASST, when the company's CFO, CLO, and several executives and directors bought shares in the open market, and three independent directors transitioned to full-time within six months. There is high confidence internally regarding the Bitcoin exposure held, the amplification structure, and team chemistry.Cole mentioned that despite the external sentiment being low at that time, the internal morale was high, and the execution capability was validated in the following six months. Now, $ASST has surged, and market sentiment has improved, but the team's focus remains unchanged: the Bitcoin bull market has just begun, and Strive has built the corresponding amplification structure and will push forward with full force.Market data shows that $ASST has risen over 50% in the last four trading days, with a current market capitalization of approximately $1.686 billion.
According to ChaoXiang Research, a Goldman Sachs report pointed out that cryptocurrency trading volume fell by 30% in July and 21% in August, marking a continuous decline for 10 months, lasting longer than the median of the previous five cycles. The trading volume has dropped by 75% from its peak, while the cryptocurrency market value rebounded by 21% in the past week. Goldman Sachs believes that if the market value maintains at the current level, a turning point in trading volume may appear.On the regulatory front, 35% of institutional investors view regulatory uncertainty as the biggest obstacle, while 32% believe that regulatory clarity is the primary catalyst. The SEC recently proposed an innovation exemption, and over 10 new digital asset companies received OCC bank licenses in 2026, with more than 15 cryptocurrency firms included in the federal banking system. Cryptocurrency companies are expected to reduce costs by an average of about 5% in 2026, driving an increase in operating profit margins of about 5.8 percentage points.Goldman Sachs holds a cautiously optimistic view for the second half of the year, with sector valuations at the 30th percentile over the past five years. They recommend COIN (target price $196), HOOD ($124), IBKR ($114, Goldman Sachs' U.S. conviction list), and FIGR ($43). The logic for the three types of assets is different: traditional brokerages look for a reversal in September, predicting the market based on the election cycle, while cryptocurrency targets have three catalysts: market value rebound, cost reduction, and regulatory reform.
Odaily News: According to SoSoValue data, Ethereum spot ETFs recorded total net inflows of $116 million yesterday (Aug. 24, U.S. Eastern Time).
The Ethereum spot ETF with the largest single-day net inflow yesterday was BlackRock's ETHA, with a net inflow of $90.92 million. ETHA's cumulative net inflows now stand at $12.261 billion.
It was followed by Grayscale's Ethereum Mini Trust ETF (ETH), with a single-day net inflow of $12.50 million. ETH's cumulative net inflows now stand at $1.862 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $14.739 billion, with the ETF net asset ratio (market value as a percentage of Ethereum's total market cap) at 4.93%. Cumulative net inflows have reached $12.266 billion.
Odaily News: According to Lookonchain monitoring, a trader deposited $90,000 into Aster and opened a 50x leveraged long position on 49 BTC, with a position value of $3.95 million. The current unrealized profit is $810,000, with a return rate of 1,025%.
According to on-chain analysis platform Lookonchain, a trader deposited $90,000 into the decentralized trading platform Aster and opened 49 BTC long positions with 50x leverage, with a nominal position value of approximately $3.95 million.Currently, the address has not realized a profit of about $810,000, with a return rate of approximately 1025%, and the account equity has increased to about $966,000.
According to monitoring by Lookonchain, Michael Saylor's strategy has turned from a loss of over 9.5 billion dollars to a profit of over 4.7 billion dollars within a week.
According to The Block, a federal jury in the United States found San Francisco resident Japheth Dillman guilty of wire fraud and conspiracy to commit wire fraud. The U.S. Department of Justice stated that Dillman made false statements regarding the cryptocurrency trading fund Block Bits Capital, which he co-founded, defrauding over 20 investors of nearly $1 million.His sentencing hearing is scheduled for December 8.