Odaily News: Punchbowl News reporter posted on X platform that negotiations in the U.S. Senate over the CLARITY Act are affecting the legislative process before recess. Democratic leadership is still pushing to delay the procedural vote on the crypto regulation bill, with Senate Minority Leader Chuck Schumer seeking more time for further negotiations.

Meanwhile, Republicans are calling for the vote to move forward as soon as possible. Both sides are still coordinating on the bill's content and related provisions, and it remains uncertain whether the CLARITY Act can reach a vote before the Senate recess.

Odaily News: U.S. President Trump stated that he believes the war between the U.S. and Iran will "soon be over," and said Iran "cannot sustain much longer."

Trump also acknowledged that the U.S. military faces pressure on certain ammunition stockpiles. While some high-performance weapons have "nearly unlimited" supplies, reserves of certain types of weaponry remain relatively limited. He revealed that U.S. defense companies are expanding production capacity, including building new production facilities for Patriot and Tomahawk missiles.

Earlier, Reuters reported that the U.S. Army has consumed a significant amount of its high-precision long-range missile stockpiles during the five-month-long U.S.-Iran conflict. (Reuters)

Odaily News Two Middle Eastern diplomats familiar with the negotiations said Oman has agreed to a framework agreement with Iran to temporarily reopen the Strait of Hormuz. An Iranian government official said the agreement would establish new shipping routes by allowing merchant vessels to enter the Persian Gulf via Iranian-controlled routes and exit via Omani-controlled routes. According to the Iranian official, the agreement does not include tolls for commercial ships seeking safe passage through the waterway. The proposal is an "interim agreement" that would lay the groundwork for Washington and Tehran to announce a new ceasefire and resume nuclear negotiations.

According to Iranian officials, the UN International Maritime Organization and the United States will participate in the formal announcement of the agreement. A Gulf state government official said the arrangement has been endorsed by members of the Gulf Cooperation Council. Officials have not yet disclosed when the agreement will be announced. However, whether the U.S. will support the strait management agreement will depend on the final details. A U.S. official said Washington only supports an interim agreement to reopen the strait without barriers or tolls. (MS NOW)

Odaily News: LG Group Chairman Koo Kwang-mo will meet with Jensen Huang next week at Nvidia's Silicon Valley headquarters. Koo and Huang may discuss physical AI, smart factories, and other topics; the two may also discuss details of LG's procurement of Blackwell GPUs. (Cailianshe)

Odaily News Crypto KOL Phyrex posted on X stating that the trading direction of U.S. retail investors has recently shown a significant shift. Data shows that last week, retail investors recorded net selling of stocks for four consecutive trading days, marking the longest continuous selling streak this year, with tech stocks experiencing the largest selling pressure, totaling approximately $7 billion in net outflows for the week. Two of the three historically largest single-day retail sell-offs of tech stocks occurred last week. The selling was mainly concentrated in the semiconductor and memory chip sectors, which had previously been the focus of retail capital inflows during May and June.

Meanwhile, the asset size of U.S. tech-focused leveraged ETFs has decreased by approximately $50 billion from the June high, while leveraged ETFs in South Korea and Taiwan have fallen by more than half from their peaks. The SOXL, a 3x leveraged long semiconductor ETF, has dropped about 67% from its high, and trading volume for South Korea's Hynix 2x ETF has declined by over 90% from its peak.

Odaily News: AMD has announced that it has reached a definitive agreement to acquire AI inference chip company Taalas, aiming to strengthen its technological competitiveness in the rapidly growing AI inference market. The acquisition is intended to reinforce AMD's technological edge in the fast-expanding AI inference sector and further advance its AI computing roadmap.

AMD stated that it plans to integrate Taalas technology into its AMD Instinct GPU and AI accelerator roadmap to develop system-level AI computing solutions.

Odaily News According to SoSoValue data, yesterday (Eastern Time August 6), SOL spot ETFs recorded a total net outflow of $859,500 in a single day.

Only the Fidelity Solana Fund ETF (FSOL) saw net outflows yesterday, with a single-day net outflow of $859,500. Its historical total net inflow currently stands at $195 million.

As of press time, the total net asset value of SOL spot ETFs is $857 million, with a SOL net asset ratio of 2.02%, and the historical cumulative net inflow has reached $1.147 billion.

Odaily News According to SoSoValue data, yesterday (August 6, Eastern Time) XRP spot ETFs recorded a total net inflow of $3.4506 million in a single day.

The XRP spot ETF with the largest net inflow yesterday was the Bitwise XRP ETF (XRP), with a daily net inflow of $2.889 million, bringing its historical total net inflow to $510 million.

The second largest was the Franklin XRP ETF (XRPZ), with a daily net inflow of $561,600, bringing its historical total net inflow to $427 million.

As of press time, the total net asset value of XRP spot ETFs stands at $964 million, with an XRP net asset ratio of 1.49%, and the cumulative historical net inflow has reached $1.51 billion.

Odaily News: According to SoSoValue data, yesterday (August 6, Eastern Time), the HYPE spot ETF recorded a total net inflow of $2.8384 million in a single day.

Only the Bitwise Hyperliquid ETF (BHYP) saw net inflows yesterday, with a single-day net inflow of $2.8384 million, bringing its historical total net inflow to $108 million.

As of press time, the total net asset value of the HYPE spot ETF stands at $265 million, with a HYPE net asset ratio of 2.13%, and the historical cumulative net inflow has reached $281 million.

Odaily News Uniswap founder Hayden Adams responded on the X platform to a user's question about why the FRONG token has a "market cap of $6.7 million but only $1.2 million in liquidity," stating that there are currently two types of "magic" in the market: one is LP fees automatically compounding liquidity, and the other is some Launchpads thinning liquidity depth at lower price ranges to make tokens easier to pump. Hayden Adams pointed out that doing so also reduces liquidity, making token prices more prone to rapid declines. Uniswap, in contrast, chooses to optimize for deeper, more long-term liquidity.

Odaily News: The Kobeissi Letter posted on X platform, stating that in Q2 2026, U.S. private sector AI-related investments increased by approximately $300 billion year-over-year, a 25% rise, reaching a record $1.5 trillion annualized run rate. This growth was primarily driven by investments in computers and peripheral equipment, followed by communications equipment, software, and data center investments. Over the past two years, U.S. corporate AI-related investments have increased by approximately $500 billion in total, a growth of about 50%. Meanwhile, direct AI investment currently accounts for approximately 25% to 33% of recent U.S. GDP growth.