Odaily News: Over the past two weeks, total cryptocurrency market liquidations surpassed $9.71 billion, with short liquidations at $6.55 billion and long liquidations at $3.16 billion.

Odaily News: On-chain analyst Tom Wan stated on platform X that the total market capitalization of Robinhood stock tokens has reached $50 million, and the number of holders with positions valued over $1 has doubled since the beginning of the month. Additionally, the integration of Robinhood Chain stock tokens with DeFi continues to expand, now connected to DEXs such as Uniswap, Arcus, Deepstate, and Rialto, as well as Lighter perpetual contracts and the Morpho lending protocol.

Odaily News: South Korea's major securities firms recorded a record net profit of nearly 6 trillion won (approximately $4.356 billion) in the second quarter of this year, but brokerage stocks have recently shown weakness. According to industry sources in the Korean financial investment sector on the 29th, the top 10 brokerages (Mirae Asset, Korea Investment, Samsung, KB, NH, Shinhan, Meritz, Kiwoom, Hana, Daishin) posted a combined net profit of 5.9362 trillion won (approximately $4.31 billion) on a consolidated basis in the second quarter, up 37% from the previous quarter and up 141% year-on-year. Despite the solid earnings performance of Korea's major brokerages, their stock prices have been relatively sluggish. The Korea Exchange's securities industry index closed at 9,804.97 points on May 9, hitting a yearly high, but subsequently pulled back sharply. The index fell to the 6,400–7,400 point range in June, further declined to the 4,700–6,400 point range in July, and has been fluctuating in the 5,000–5,500 point range this month.

Odaily News, according to GMGN market data, Robinhood ecosystem token PONS market cap briefly surpassed $180 million, continuing to hit a new all-time high, currently reported at $178 million.

Currently, 29% of the total supply of PONS tokens has been burned, and the Pons Treasury continues to use 80% of protocol fee revenue to accumulate more PONS.

Odaily News: Crypto researcher kioto posted on X platform stating that multiple tokens on Robinhood Chain with market caps exceeding $100 million exhibit a similar market structure: after early attention and significant capital inflow, as market hype fades, these tokens typically experience a sharp pullback of around 60% to 95%, shaking out short-term traders while chips gradually concentrate among long-term holders and participants who may be accumulating for the next market move.

The researcher believes that when new market demand emerges again, with reduced sell-side supply, thinner order books combined with potential catalysts could drive rapid price appreciation. Once one understands that this pattern repeats itself, it becomes possible to proactively identify tokens at similar stages. Robinhood Chain is more of a chain for holders rather than a chain for flippers.

Odaily News: The US government transferred a small amount of Bitcoin this week, which was seized three years ago from Alameda Research's Binance US account. The US government has not yet disclosed the purpose of this transfer or its plan for disposing of the remaining Bitcoin assets.

Odaily讯 Robinhood Chain 8 月 29 日链上 DEX 单日交易量达到 9.45 亿美元，创历史新高，超过 7 月中旬此前高点。其 DEX 交易量自 8 月中旬约 3 亿美元低位持续回升，近期连续多个交易日增长。

Odaily reported that Neutrl stated the team has identified an issue with a position in its strategy, which has affected the liquidity of part of the protocol's reserves, and the relevant smart contracts have been suspended. The protocol currently holds approximately $27 million in available liquid assets, in addition to strategy positions that have not yet been realized, along with corresponding profits or losses. The timeline, amount, or recoverable value cannot be confirmed at this time. In response to user demand for liquidity, Neutrl plans to open an early redemption mechanism for NUSD and sNUSD holders, treating all holders equally. The target timeline is early September, subject to the progress of the deployment of new redemption contracts, independent audits, and legal and financial review processes. The timeline may be subject to change. The team advises holders not to trade NUSD or sNUSD during the assessment period, so as not to affect recovery arrangements.

Odaily News: Privacy-focused cryptocurrency Zcash has risen about 19 times over the past year, yet its market cap remains less than 1% of Bitcoin's. Digital asset management firm Grayscale stated that financial privacy, cybersecurity development, and cross-chain connectivity capabilities could drive Zcash to further expand its market share.

As of August 29, Bitcoin's market cap stood at $1.56 trillion, while Zcash's market cap was $13.74 billion—approximately 0.88% of Bitcoin's, with Bitcoin's market cap being roughly 114 times larger. Grayscale estimates that if ZEC were to reach 2%, 5%, and 10% of Bitcoin's market cap, the corresponding prices would be $1,622, $4,054, and $8,109, respectively. These scenarios are not price predictions.

On August 25, Grayscale's Zcash ETF began trading on NYSE Arca under the ticker ZCSH, moving from OTCQX to NYSE Arca, providing investors with exposure to spot ZEC without needing to directly purchase tokens or manage wallets and private keys.

Zcash utilizes a proof-of-work consensus mechanism with a fixed supply of 21 million coins, and supports the concealment of transaction details through zero-knowledge proofs. Its intents technology can coordinate cross-chain transactions based on user goals, such as converting other digital assets into ZEC. (Bitcoin.com News)

Odaily News: In Solana's first binding on-chain governance vote, SGP-0002, a proposal aimed at accelerating the downward adjustment of SOL inflation, passed with 67% support. The proposal, driven by infrastructure provider Helius, plans to increase Solana's annual inflation reduction rate from 15% to 30%, accelerating the network's path to a terminal inflation rate of 1.5% and reducing the scale of new SOL issuance in the medium to long term. Ahead of the voting deadline, the proposal's support rate had not yet reached the two-thirds quorum threshold. In the final stages, Helius CEO Mert Mumtaz reached out to major validators and institutions, with Kraken's validator node Kraken2 switching its stance from opposition to support as the deadline approached. Ultimately, the proposal received 67% support, 25% opposition, and 7.84% abstentions, with a staking participation rate of 60.7%, meeting the quorum requirements. Mert Mumtaz stated that after hundreds of communications, the proposal secured key votes in the final stage and passed.

Odaily News: The Independent Community Bankers of America (ICBA), representing approximately 5,000 community banks across the U.S., is opposing the Digital Asset Market Clarity Act (CLARITY Act). ICBA President and CEO Rebeca Romero Rainey stated that the "loophole" related to stablecoin rewards must be completely closed, and there is no room for compromise.

According to ICBA, stablecoins could cause $1.3 trillion in deposits to leave the banking system and reduce local lending by $850 billion. The association has prompted Republican Senators Josh Hawley and Jerry Moran to oppose the current version of the bill.

Rebeca Romero Rainey stated that there is no indication cryptocurrency would replace these deposits and reinvest them in local communities. She also criticized the White House Council of Economic Advisers (CEA) report, "The Impact of a Stablecoin Yield Ban on Bank Lending," for downplaying banks' concerns about deposit outflows.

The Senate is scheduled to vote on the CLARITY Act on September 15; if it fails to secure support from at least 60 senators, the bill will not proceed to further consideration and may stall in the foreseeable future. (Bitcoin.com News)

Odaily News: Numa Lunah, co-founder of the crypto project Refi Hub, stated that he was hacked after using a download link provided in a Claude chat window to install a transcription application. The link pointed to a fake website bundled with malware, which attempted to steal all information from his device upon execution.

Numa Lunah said he wiped and reinstalled the affected laptop and found no signs of sensitive data leakage. Subsequently, he discovered a contaminated Claude Code skill file named SKILL.md in his backups. The file was disguised as a style guide written by himself and contained instructions to re-download malware and steal credentials every time it was loaded.

Microsoft Defender Experts previously warned that attackers have shifted from search engine optimization poisoning to large language model response poisoning. These tactics include recommending attacker-controlled download links, AI-branded fake installers, and contaminated code repositories and agent skills. Individuals working in the crypto industry may hold irrevocable credentials such as mnemonic phrases, private key files, hot wallet JSONs, exchange API keys with withdrawal permissions, and deployer keys. (Bitcoin.com News)

Odaily News: Genius Group plans to use the proceeds from the issuance to restart its Bitcoin reserve and increase the reserve to $827 million by 2031.

Odaily News: predict.fun posted on X platform, stating that the current probability of HYPE's price surpassing SOL before October is 19%.

Odaily News: According to Bitcoin News, UK police have seized 20.21 Bitcoin worth $1.4 million, linked to a darknet marketplace operating between 2016 and 2019.