Author: TechFlow
Yesterday's Market Dynamics
The Kobeissi Letter: US Total Debt Exceeds $37 Trillion for the First Time
According to The Kobeissi Letter, the total US debt has officially surpassed $37 trillion for the first time in history. Since Trump signed the "Beautiful Act" on July 4th and raised the debt ceiling, the total US debt has increased by $780 billion, which is equivalent to an average daily increase of $2.2 billion.
Last week alone, the US government sold $724 billion in government bonds through 10 operations, making the US debt crisis more severe than ever before.
Trump Family-Supported World Liberty Financial Plans to Build a $1.5 Billion Crypto Asset Company
According to Bloomberg, World Liberty Financial is planning to establish a public company to hold its WLFI token. Informed sources revealed that the project aims to raise approximately $1.5 billion and is currently consulting with institutional investors in the tech and crypto industries. The company will join the digital asset treasury company lineup.
BlackRock Clearly States No Plans to Launch XRP and SOL ETF
According to The Block, the world's largest asset management company, BlackRock, clearly stated on August 9th that it currently has no plans to apply for an XRP or SOL ETF. This statement comes after the conclusion of a years-long lawsuit between Ripple and the US Securities and Exchange Commission (SEC).
Although the market previously expected the end of the Ripple lawsuit might stimulate large institutions to apply for an XRP ETF, a BlackRock spokesperson confirmed to the media that they will continue to focus on their existing Bitcoin and Ethereum ETF business. Currently, multiple institutions, including ProShares and 21Shares, have submitted XRP ETF applications to the SEC.
Hong Kong Monetary Authority Responds to Some Exchange Shops Still "Unlicensed" in USDT Exchange: MSO License Not Within "Permitted Providers" Scope
According to Caixin, visits to crypto business exchange shops in Hong Kong's Admiralty and Tsim Sha Tsui revealed that some shops have suspended USDT and USDC exchanges with fiat currency, with some shops even closing. However, some shops, while no longer "openly pricing" exchanges for users, can still inquire about and trade privately.
The Hong Kong Monetary Authority responded that the main purpose of the Stablecoin Regulation is to protect stablecoin holders by regulating the issuance and sale of fiat stablecoins. Exchange shops generally hold a Money Service Operator (MSO) license issued by Hong Kong Customs, which is not within the "permitted providers" scope. Virtual asset over-the-counter trading institutions currently do not fall under the "permitted providers" in the Stablecoin Regulation and cannot offer stablecoins to retail or professional investors, regardless of whether the stablecoin is regulated. Whether individual virtual asset over-the-counter trading institutions' businesses involve offering stablecoins depends on their actual business arrangements and circumstances.
Ethereum Co-Founder: Fund Management Companies May Boost ETH Market Cap Beyond BTC Within a Year
Ethereum co-founder and ConsenSys CEO Joe Lubin stated, "Fund management companies may boost ETH market cap beyond BTC within a year."
Bitwise Executive: Ivy League Fully Betting on BTC, May Bring More Capital Inflow
Regarding Harvard and Brown Universities disclosing BTC ETF positions, Bitwise's Senior Investment Strategy Head Juan Leon posted on X platform that the Ivy League is fully betting on BTC. With endowment totals exceeding $60 billion for Harvard and Brown Universities, increased crypto asset allocation may bring more capital inflow. Additionally, as top US university institutions, their crypto adoption signals a clear message that may encourage other university endowment funds to adopt similar investment strategies.
AI Startup Periodic Labs Raises $200 Million, Led by a16z
According to Techinasia, Periodic Labs, founded by former OpenAI Research VP Liam Fedus and former DeepMind Research Scientist Ekin Dogus Cubuk, has completed a $200 million funding round with a post-money valuation of $1 billion. The company focuses on using AI technology for new material research and discovery. The round was led by Andreessen Horowitz, with OpenAI expected to participate.
Michael Saylor Again Posts Bitcoin Tracker, May Increase Bitcoin Holdings Next Week
Strategy Executive Chairman Michael Saylor posted Bitcoin Tracker information on X platform, writing: "If you don't stop buying Bitcoin, you won't stop making money."
According to previous patterns, Strategy always discloses Bitcoin acquisition information the day after such messages are published.
APT, ARB, AVAX and Other Tokens to Face Large Unlocks This Week
According to Token Unlocks data, tokens like APT, ARB, AVAX will face large unlocks next week, including:
Aptos (APT) will unlock approximately 11.31 million tokens at 8 AM Beijing time on August 12th, representing 2.20% of current circulation, valued at about $52.1 million;
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 PM Beijing time on August 16th, representing 2.04% of current circulation, valued at about $43.24 million;
Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8 AM Beijing time on August 15th, representing 0.51% of current circulation, valued at about $39.2 million;
Sei (SEI) will unlock approximately 55.56 million tokens at 8 PM Beijing time on August 15th, representing 1.21% of current circulation, valued at about $17.9 million;
Solayer (LAYER) will unlock approximately 27.02 million tokens at 10 PM Beijing time on August 11th, representing 9.51% of current circulation, valued at about $17 million;
Starknet (STRK) will unlock approximately 127 million tokens at 8 AM Beijing time on August 15th, representing 5.98% of current circulation, valued at about $16.8 million;
io.net (IO) will unlock approximately 13.29 million tokens at 8 PM Beijing time on August 11th, representing 6.51% of current circulation, valued at about $8.3 million;
peaq (PEAQ) will unlock approximately 84.84 million tokens at 8 AM Beijing time on August 12th, representing 7.03% of current circulation, valued at about $5.6 million;
BounceBit (BB) will unlock approximately 42.9 million tokens at 8 AM Beijing time on August 11th, representing 6.36% of current circulation, valued at about $5.4 million.
When placing Web3 project ads on Xiaohongshu, it is recommended to widely target mid-tier and lower-tier niche KOLs, rather than focusing solely on top influencers, to improve ad effectiveness. Xiaohongshu ad placement should combine financial and stock trading market influencers to find high-overlap incremental user groups with Web3 users.
People who make money in crypto may not necessarily trade
This article discusses the importance of finding personal advantages in the cryptocurrency field and how to stand out in the industry through focus and skill stacking. The article emphasizes that one should not be limited to trading, but instead recognize one's talents and continuously enhance value through action and learning.
