Odaily News – Tether's bitcoin mining project in Uruguay, with an estimated investment of approximately $120 million, has stalled. The two parties hold differing interpretations of the contracted power supply volume: Tether views the figure as a minimum guaranteed supply, while Uruguay's state-owned power utility, UTE, regards it as a supply cap. As a new agreement was not signed and electricity bills fell into arrears, UTE cut off power to the two mining sites on July 25, 2025, prompting Tether to wind down its local operations and lay off most of its employees. Tether had previously positioned the project as its first step into the South American bitcoin mining market. The company continues to expand its regional energy and mining footprint, having acquired a 70% stake in renewable energy firm Adecoagro, with plans to utilize its surplus electricity for bitcoin mining.

Odaily News, according to Onchain Lens monitoring, Wintermute has deposited 1,279.99 Bitcoin into Binance through 8 transactions over the past 18 hours, valued at approximately $98.68 million. The most recent transfer was 90.1 Bitcoin, worth about $6.97 million, completed about 30 minutes ago.

Odaily reported that Bitwise CEO posted on X platform, stating that in the first half of this year, amidst a bear market environment, investors invested over $1.8 billion net into Bitwise products. Among them, four product categories—ETF/ETP, private active and Alpha strategies, staking, and treasury—each saw inflows exceeding $100 million.

Bitwise is composed of over 150 professionals from the financial and technology sectors. He noted that these individuals could have pursued other careers but chose to work alongside the crypto industry to drive this story of resurgence. The Bitwise team hopes that the crypto industry can change the world and that the efforts of its many participants receive recognition.

He stated that Bitwise is not the industry's protagonist; its role is to support the ecosystem and help investors participate in emerging opportunities. He also expressed gratitude to all those who have entrusted Bitwise with managing their investments and assets, adding that the team takes pleasure in this work.

Odaily News, according to HyperliquidNews monitoring, Hyperliquid's cumulative native buyback and burn amount has exceeded $1.251 billion, with an average purchase price of $26.808.

Odaily News: According to HyperliquidNews monitoring, total stablecoin inflows this week have surpassed $668 million, recording the third-highest weekly figure in stablecoin inflow history. The USDC contract address 0xa0b...eb48 on the Ethereum blockchain accounts for 97.98% of the share. AQAv2 will use 90% of the income generated by these USDC inflows to buy back and burn Hyperliquid's native tokens.

Odaily星球日报讯 美国参议员 Kirsten Gillibrand 于 8 月 23 日表示，国会应禁止总统、配偶及高级官员在任期内发行、发起或从加密货币中获利，并要求将可执行的伦理禁令纳入数字资产市场结构法案。

一项于 8 月 14 日至 17 日进行、覆盖 1166 名美国成年人的调查显示，63%受访者认为 Trump 及其家族的加密货币获利行为不当，32%认为适当。Trump 在年度申报中披露，2025 年加密货币相关收入超过 14 亿美元。

相关争议已延伸至参议院《数字资产市场清晰度法案》（CLARITY Act）。该法案将于 9 月 15 日进行首次参议院程序性表决，推进动议需获得 60 票；Gillibrand 表示不会投票支持让总统借助纳税人支持从公职中获利。（Bitcoin.com News）

Odaily News A recent study by the Federal Reserve Bank of Cleveland shows that cryptocurrency investors differ significantly from traditional asset investors, with widely divergent views on the future returns and risks of digital assets. Information about Bitcoin's historical price gains may further drive investors to increase their allocation intentions and actually purchase crypto assets.

The research paper, titled "Do You Even Crypto, Bro? Cryptocurrencies in Household Finance," is based on multiple rounds of U.S. household survey data, with each round covering up to approximately 25,000 households. Researchers found that, compared with demographic characteristics such as age, income, and gender, investors' expectations of future cryptocurrency returns better explain who chooses to hold crypto assets.

The study shows that cryptocurrency holders expect an average return of about 22% over the next year, significantly higher than the approximately 7% expected by non-holders. At the same time, holders tend to perceive crypto assets as less risky than non-holders do.

Researchers found that for every 1 percentage point increase in an individual's expected return on cryptocurrency, the probability of holding crypto assets rises by about 0.8 percentage points. Return expectations and risk perceptions explain cryptocurrency holding behavior even better than traditional factors such as age, income, and wealth.

This characteristic contrasts with traditional assets such as stocks, bonds, and gold. For traditional investment products, investors' economic backgrounds typically better explain differences in asset allocation, whereas the crypto market relies more on investors' subjective judgments about future price performance.

Additionally, through a randomized information experiment, the research team found that simply providing investors with information about Bitcoin's price gains over the past 12 months significantly increased their willingness to allocate to crypto assets. Data show that respondents who saw Bitcoin's historical performance information increased their planned crypto allocation rate by about 2 percentage points, a rise of approximately 47% relative to the control group's 4.3% allocation intention. The probability of actually purchasing crypto assets also increased by about 2.5 percentage points.

The study suggests that this mechanism may explain the cyclical boom-and-bust phenomenon in the crypto market: rising prices attract more investors, new capital further pushes prices higher, thereby creating a cycle of "price increases—strengthened optimistic expectations—more buying." (Cointelegraph)

Odaily News: According to HyperliquidNews monitoring, the average Gwei on HyperEVM rose from approximately 0.15 Gwei to 3 Gwei on August 22, and then climbed to 60 Gwei on August 23, representing a 400-fold increase.

Odaily星球日报讯 稳定币正在加速从“数字美元储备工具”向日常支付手段转变。数据显示，过去一年加密卡（Crypto Card）消费规模增长超过 3 倍，今年 7 月追踪交易额达到 10.4 亿美元，杂货、打车、餐饮和订阅服务等日常消费成为主要应用场景。

根据 Paymentscan 数据（由风险投资机构 a16z 引用），7 月超过 1000 万笔加密卡交易中，约 70%的支付由美元稳定币支持。其中，USDC 占交易规模的 50.8%，USDT 占 20.3%。相比一年前，USDC 占比约 48%，USDT 占比约 7%，美元稳定币在加密支付中的主导地位进一步增强。

数据显示，2025 年 7 月加密卡月交易额达到 3.06 亿美元，平均单笔支付金额升至约 86 美元，高于去年同期的 59 美元。市场人士认为，这表明稳定币正在从跨境转账和价值储存工具，逐渐融入消费者日常支付体系。

从实际消费场景来看，稳定币支付正在覆盖更多生活领域。拉丁美洲市场数据显示，用户主要使用稳定币支付食品、零售、交通等费用。在巴西，Oobit 用户月均约完成 20 笔交易，杂货消费占当地活动量约 35%；在阿根廷，72%的 Oobit 支付使用 USDT，其中食品交易占 41%。（CoinDesk）

Odaily News, Hyperbot data shows that due to a short-term decline in BTC price, Machihong's 40x leveraged Bitcoin long position has been fully liquidated once again. Currently, his total position value has fallen below $100 million:

1. The 25x leveraged Ethereum long position holds 30,700 ETH, with an unrealized profit of approximately $2.053 million;

2. The 10x leveraged HYPE long position holds 250,000 HYPE, with an unrealized profit of approximately $36,000;

3. The 10x leveraged PUMP long position holds 900,000,000 PUMP, with an unrealized profit of approximately $46,000.

Odaily News: According to Coin Glass data, over the past hour, total liquidations across the network reached $61.14 million, with long positions liquidated at $50.41 million and short positions at $190.73 million. ETH liquidations amounted to $25.78 million, while XRP liquidations reached $7.83 million.

Odaily News, OKX market data shows that TRUMP has broken through 2.9 USDT, currently reported at 2.908 USDT, with a 24H increase of 22.16%.

Odaily News: CZ responded to discussions about the "Memestock" model on the X platform, stating that the combination of Memecoin and tokenized stocks is an "innovative and interesting" development, but the key lies in whether issuers have the ability to honor their commitments.

It is reported that some community users have shared their views on the "Memestock" trend, which combines Memecoin with tokenized stocks, allowing Memecoin holders to receive tokenized stock returns without any additional actions. This model introduces new utility value to Memecoins that previously lacked practical use cases, and the related innovations are currently concentrated mainly in the BNB Chain ecosystem.

In response, CZ said: "This is indeed a new and interesting direction. But we need to ensure that issuers can truly fulfill their obligations."

Some community users believe that the combination of Memecoin and Real World Asset (RWA) tokenization is exploring a shift from purely community-driven assets to digital assets with yield or equity attributes. However, tokenized stocks involve issues such as underlying asset custody, compliant issuance, and income distribution. The credibility of issuers and the regulatory framework will be key factors determining whether this model can achieve long-term development.

Odaily News: The spokesperson for Iran's Islamic Revolutionary Guard Corps, Moohebi, stated that Iran has prepared response plans for various hostile actions by the United States, including responses to economic pressure. At a press conference held in the northern Iranian city of Karaj, Moohebi said that the U.S. announcement of launching a "toughest economic war" against Iran actually indicates that Washington has failed to achieve its goals in the military sphere. He noted that the U.S. has imposed economic sanctions on Iran for 47 years, and the current rhetoric about an "economic war" is aimed at exerting psychological pressure on the Iranian people.

Moohebi stated that Iran has developed plans to counter the adverse effects of the "economic war" and will continue to conduct economic exchanges with other countries "right under the noses of the Americans" while bypassing U.S. restrictions. He said that Iran has "no concerns" in the economic field, and the effects of the relevant measures will become apparent soon. (CCTV News)

Odaily News: Approximately 1,000 WBTC have been transferred from an address to the mining pool platform F2Pool, valued at around $77.408 million.