Odaily News: Binance founder Changpeng Zhao (CZ) stated at Bitcoin Asia that Bitcoin may surpass gold in the next bull market, with the current market cap gap between the two standing at approximately 10x. Ricardo Salinas Pliego estimates that if Bitcoin were to reach gold's total market cap, its price could reach approximately $1.86 million.

He noted that if Bitcoin becomes a strategic reserve asset for nations, its importance could surpass that of gold; however, central banks and governments have already established systems for valuing, storing, and managing gold, and transitioning to Bitcoin will take time.

Glassnode data shows that Bitcoin's 90-day correlation with gold has risen from 0.21 in March to approximately 0.57, while its correlation with the Nasdaq 100 index has fallen from 0.57 to 0.22. Other estimates indicate that its correlation with gold stands at approximately 0.59, the highest level since 2020. (Bitcoin.com News)

Odaily News: DeFi Development Corp announced the completion of an $11 million CHAD preferred stock offering, with Fundstrat's Tom Lee participating in the subscription. The company stated that this offering marks the first digital credit instrument backed by Solana. CEO Joseph Onorati noted that Bitcoin has demonstrated a massive market demand for digital credit.

Odaily News: Bitcoin fell below $78,000 on Tuesday, hitting a low of $77,603 before recovering to around $78,600. As of 11:20 AM Eastern Time on Tuesday, its market capitalization stood at approximately $1.58 trillion.

The latest price swing triggered $79 million in Bitcoin position liquidations, with long positions accounting for about 90%. Total crypto market liquidations reached $264 million, including $187 million in long positions and $77 million in short positions.

The U.S. Bureau of Labor Statistics is set to release the August Producer Price Index (PPI) and Consumer Price Index (CPI) on Thursday and Friday, respectively. (Bitcoin.com News)

Odaily Planet Daily News: HyperliquidNews stated on the X platform that MU's revenue for tradexyz has surpassed $1 million, generating a cumulative $2 million in fees, of which $1 million will be allocated to an assistance fund. MU has become the 10th trading asset to reach this revenue milestone; currently, 1 trading asset has generated fees exceeding $10 million, 3 exceeding $5 million, 12 exceeding $1 million, and 19 exceeding $500,000.

Odaily News: Loracle, the largest short seller of CASHCAT on-chain, has continuously increased its 3x leveraged short position on the token over the past hour, with holdings now rising to 36.3 million CASHCAT tokens, currently showing a profit of $530,000 at an average entry price of $0.207. Additionally, its PONS short position is currently incurring a loss of $5.2 million, with an average entry price of $0.665.

Odaily Planet Daily News: Ireland's media regulator has launched an investigation into Elon Musk's social platform X, focusing on whether its age verification mechanisms and parental control measures are effective. The Irish Media Commission stated that the investigation will assess whether X effectively implements age assurance measures and provides adequate protection for users under 16 while allowing adult content.

The regulator noted that X's parental control features may have issues such as inadequate minimum requirements, being difficult to locate, and not being sufficiently highlighted to new users. If X is found to have violated Irish cybersecurity regulations, the regulator may impose a fine of up to €20 million or 10% of the company's relevant annual revenue. (Semafor)

Odaily News: Bitcoin News posted on X platform, stating that according to WELT, the German Ministry of Finance is drafting a tax reform plan to impose taxes on gains from Bitcoin and other crypto assets purchased after December 31, 2026, which will no longer be eligible for the holding period exemption. Existing holdings will remain subject to current rules, meaning they can be sold tax-free after being held for more than one year. The relevant law is scheduled to take effect in 2027, with the first tax withholding possibly beginning in 2028. The draft is still in its early stages and may be subject to adjustments later.

Odaily News, U.S. Treasury Secretary Bessent stated that the expansion of the U.S. Treasury buyback program last month was intended to calm the "hysteria" building in the bond market and push market prices back toward equilibrium. Bessent said he cannot change the market's equilibrium price but hopes to reduce excessive speculation. He noted that if investors genuinely worried about U.S. debt credibility, they would sell Treasuries and buy German bunds—yet current market behavior does not reflect such concerns.

Bessent dismissed comparisons between the Treasury's bond buybacks and the Federal Reserve's quantitative easing, arguing the measure is more akin to the Fed's past "Operation Twist." The expansion of the buyback program comes against the backdrop of 30-year U.S. Treasury yields climbing to their highest level since 2007.

Odaily News: Bitcoin News posted on X platform that CoinCorner has partnered with AnchorWatch to launch Vault, providing UK customers with multi-institution Bitcoin custody services underwritten by Lloyd's of London. CoinCorner and AnchorWatch each hold a key, and neither party can transfer customers' Bitcoin independently. All Bitcoin deposits are covered by insurance.

Odaily News Hyperliquid announced that, in response to community requests, the platform has listed USELESS perpetual contracts with up to 3x leverage.

Hyperliquid also reminded users that the listing of these contracts does not imply endorsement of the project by the platform, and past performance does not guarantee future results. Users are advised to fully understand the relevant assets and trading risks before engaging in trading.

According to Odaily, data from MSX.COM shows that SpaceX's stock price rose 3.65% to $153.350 per share, marking a new high since July 7, with a total market capitalization of $2.02 trillion.

Odaily News: According to Hyperbot data, "Machi Big Brother" Jeffrey Huang has opened another 40x leveraged long position on Bitcoin. He currently holds 147 BTC in this position, valued at $11.566 million, with unrealized gains of $46,000.

Odaily News "White-haired Stock God" Serenity posted on X, expressing optimism about storage chip maker Elite Semiconductor Memory Technology (ESMT, 3006) over the coming months, suggesting its trajectory could mirror the strong rally seen in SanDisk (SNDK).

Serenity noted that a single DDR2 memory chip currently costs around $0.96. If the ASP (average selling price) triples, the cost per chip would increase by roughly $2. While this cost increase remains relatively limited for end products, sustained price hikes in memory products could have a significant impact on ESMT's own profitability. Additionally, SLC NAND is expected to see ASP increases of 120% to 170% in the second half of the year, with NOR Flash and other products also facing pricing upside expectations.

Serenity stated that based on July performance, ESMT's current monthly net profit stands at approximately $111 million, with a market cap of around $2.8 billion, and believes there remains substantial room for valuation re-rating. Serenity noted that ESMT's current situation reminds them of early-stage SanDisk, but this opportunity is primarily concentrated in the legacy and specialty memory market.

Odaily News: Circle announced that its Cross-Chain Transfer Protocol (CCTP) now supports a prepaid fee feature for fast transfers. Previously, protocol fees were deducted directly from the USDC transfer amount on the destination chain. With this update, developers can pre-quote and collect fees via native gas tokens on the source chain or USDC before the transfer is executed, simplifying fee handling for cross-chain transfers and ensuring users receive the expected amount of USDC.

According to Circle, the prepaid fee mechanism primarily improves fee predictability in cross-chain applications. Users no longer face reduced actual settlement amounts caused by additional deductions on the destination chain. Meanwhile, the CCTP Quote API can uniformly calculate fees across different supported chains and consolidate Fast Transfer and Forwarding fees into a single quote, eliminating the need for developers to build separate systems to calculate multiple protocol fees. Additionally, fees can be paid directly using source chain native tokens without reducing or impacting the actual USDC balance being transferred.

Odaily Planet Daily News Circle's cross-chain transfer protocol CCTP now supports the pre-paid fee feature for fast transfers. Developers can pre-quote and collect fees via the native Gas token of the source chain or USDC before the transfer is executed. This feature covers USDC transfers across all EVM chains supported by CCTP, but does not yet support transfers initiated from Solana, while transfers to Solana remain supported. The CCTP Quote API can uniformly calculate fees across different supported chains and integrate Fast Transfer and Forwarding fees; paying fees with the source chain's native token does not reduce the actual amount of USDC being transferred.

Odaily News: The Ethereum Foundation announced that Trezor hardware wallets now support the "Clear Signing" feature through the ERC-7730 standard, making transactions more readable and understandable on hardware devices. This progress was driven by the Clear Signing working group under the Foundation's "Trillion Dollar Security Initiative," aiming to reduce users' risk of asset loss due to "blind signing" of unknown transactions, and to encourage more wallets and DApps to participate.