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US crude inventories have fallen for 17 consecutive weeks, the longest decline on record, dropping to 7.12 billion barrels—the lowest since March 1984. Strategic reserves also hit a four-decade low, with total petroleum stocks down for 10 straight weeks, signaling deepening supply concerns.
Read MoreApple's official website confirms integration of Alibaba's Qwen AI model into its smart features for Chinese users. The native support brings text/image understanding and content generation directly to iOS, iPadOS, macOS, and visionOS devices without app switching. China's cyberspace authority also listed Apple among 7 approved generative AI services.
Read MoreA major Bitcoin short position worth $102 million, opened with extreme 40x leverage, has been partially liquidated, resulting in $1.46 million in losses over a week. The whale reduced the position to $60 million, but remains at risk with a liquidation price near $65,310.
Read MoreDespite losses from AI stock volatility, the AI fund Situational Awareness has gained mythical status in Silicon Valley. Founder Leopold Aschenbrenner's credibility has soared, attracting investors seeking to "buy the dip." Morgan Stanley now plans to offer prime brokerage services as demand surges.
Read MoreGalaxy Research highlights Ethereum and Solana are reassessing their token issuance models. The debate centers on aligning security budgets with token supply dynamics, potentially reshaping market expectations and triggering a repricing of ETH and SOL.
Read MoreThe EU plans to revise its MiCA framework to address market access for non-EU stablecoin issuers, aiming to close regulatory gaps and incorporate emerging technologies like tokenized payments, responding to rapid industry changes and global competition.
Read MoreNansen's CEO suggests Bitcoin may have found a permanent floor around $60K, citing relentless global monetary expansion as a key driver. He remains bullish on Solana's ecosystem and sees potential in new chains like Robinhood's, though he doubts the latter will issue a token.
Read MoreBitwise CIO Matt Hougan predicts trillions in institutional capital could flow into Bitcoin over the next decade from advisors, pensions, and sovereign funds. He sees a long-term price target of $1.3 million per BTC by 2035 if it captures a quarter of the growing store-of-value market.
Read MoreBitMart founder Sheldon denied rumors of an exit scam amid user withdrawal issues and unpaid wages, stating the core team is auditing assets and planning an orderly wind-down with potential third-party audits. However, community reports contradict official claims of functional withdrawals.
Read MoreCircle has renewed its USDC partnership with Coinbase, maintaining deep integration. The company ruled out a quarterly dividend plan, opting to reinvest capital for growth. Q2 total revenue reached $7.01 billion with USDC circulation at $73.3 billion, as distribution expands.
Read MoreKey regulatory moves unfolded globally on August 8th. Brazil tightened crypto transfer rules to curb fraud, the EU plans to revise MiCA focusing on non-EU stablecoin issuers, and the US Senate advanced key legislation. Industry debates on BIP-110 and corporate asset sales also drew attention.
Read MoreThe EU is planning revisions to its MiCA framework, primarily to address market access rules for non-EU stablecoin issuers. This move responds to regulatory gaps and competitive pressure from US policies. The update may also encompass emerging technologies like tokenized payments.
Read MoreAI Financial Corp, backed by the Trump family, sold its Canadian subsidiary ALT5 Sigma Canada to New York's Prime Delta. The deal includes a $12M promissory note and approximately 11.6M shares. A previous acquisition attempt fell through, while a past linked transaction reportedly generated massive profits for the Trump family. AI Financial's stock has plummeted since last year.
Read MoreMichael Saylor reports BIP-110, a soft fork proposal to limit non-payment data, received signals from only 2.6% of miners. It faces stagnation or an irrelevant fork, while Bitcoin continues operating as designed.
Read MoreFractal's founder announced the permanent burn of over 4.1 million FB tokens during its first halving in September. New proposals aim to overhaul tokenomics, reallocating post-halving issuance to Bitcoin-native distribution and reducing block rewards. UniSat plans a $1M strategic reserve purchase.
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