Odaily Planet Daily News The IPFS ecosystem development team Shipyard announced that, due to Protocol Labs' decision not to renew funding, Shipyard will cease IPFS-related engineering, maintenance, and infrastructure operations as of September 30. After the shutdown, core projects maintained by Shipyard, such as Kubo, Helia, and IPFS Desktop, will no longer have dedicated maintainers. The future of public infrastructure like ipfs.io and dweb.link, as well as IPFS bootstrap nodes, will be decided by Protocol Labs. Shipyard stated that it will assist with the transition before the end of September.

Odaily Planet Daily News The Kobeissi Letter stated on X that last week, hedge funds' net selling of US stocks reached its largest weekly level since the week of April 2025's "Liberation Day," ending a three-week streak of net buying.

Among the total sell-off, individual stocks accounted for approximately 53%, with 9 out of 11 sectors seeing net selling, primarily concentrated in information technology, industrials, utilities, healthcare, and materials. Meanwhile, macro products such as index futures and ETFs accounted for approximately 47% of the total selling. Additionally, hedge funds slightly increased their short positions in US-listed ETFs, ending a six-week streak of short covering, indicating that hedge funds are significantly reducing their long exposure to US equities.

Odaily News, Bitmine Chairman Tom Lee stated that Bitmine's historical contribution lies in helping Ethereum maintain its position as the most important public chain. He noted that Ethereum's market cap overtaking Bitcoin is a "very defensible argument," and expressed that Ethereum reaching $50,000, $100,000, or $200,000 would deliver "legendary" returns for shareholders.

Odaily News: According to on-chain analyst Ai Yi's monitoring, an address (0xCAD…D1BDE) withdrew 10,000 ETH worth $25.27 million from Coinbase 10 hours ago and bought at a short-term high during last night's ETH price rally.

Odaily News: Dunamu, the operator of Korean cryptocurrency exchange Upbit, has responded to rumors of a US listing, stating that the company has indeed been in contact with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, it has not yet confirmed plans for a US listing, nor has it converted its financial reporting standards to U.S. Generally Accepted Accounting Principles (US GAAP).

Dunamu stated that it is currently working with Naver Financial to complete a share swap by December 31. The two companies are valued at 15 trillion KRW and 5 trillion KRW respectively, with a swap ratio of 1 share of Dunamu for approximately 2.54 shares of Naver Financial. Upon completion of the transaction, both parties plan to establish an IPO committee within one year and proceed with listing efforts.

Market observers believe Nasdaq could be a potential listing venue, mainly because Naver is already listed on the Korean exchange. If the two companies are subsequently listed on a secondary exchange in Korea as subsidiaries, they may face regulatory restrictions on "parent-subsidiary dual listings." If Dunamu ultimately pursues a US listing, it may do so via American Depositary Receipts (ADRs). The Korean legal entity and Upbit business would remain intact, and services such as KRW deposits and withdrawals for users are not expected to be directly impacted. (Etoday)

Odaily News (Odaily) – According to SoSoValue data, yesterday (August 24, Eastern Time) SOL spot ETF saw total daily net inflows of $33.4896 million.

The SOL spot ETF with the highest net inflows yesterday was the Bitwise Solana Staking ETF (BSOL), with daily net inflows of $24.9941 million, bringing its historical cumulative net inflows to $948 million.

This was followed by the Fidelity Solana Fund ETF (FSOL), with daily net inflows of $4.8403 million, bringing its historical cumulative net inflows to $201 million.

As of press time, the total net asset value of SOL spot ETFs stood at $1.214 billion, with a SOL net asset ratio of 2.15%, and historical cumulative net inflows reaching $1.219 billion.

Odaily News: According to Lookonchain monitoring, a trader closed long positions of 600 BTC and 10,000 ETH, realizing a profit of $852,000. Subsequently, the trader placed limit orders to go long on 1,000 BTC at prices ranging from $72,611 to $74,222.

Odaily Planet Daily reported that Layer 1 blockchain project TAC has confirmed that a hacker exploited a vulnerability in the precompiled layer of the Cosmos EVM module, stealing approximately $7.5 million from an account and transferring approximately 2.986 billion TAC tokens from a custody account. The project team stated that no new tokens were created, and the attack only involved TAC tokens, with other assets unaffected. TAC has paused the network at block 24,671,475, freezing all transactions and deposits/withdrawals, and is cooperating with exchanges to track the stolen funds. Previously, MANTRA Chain also suffered a similar attack due to the Cosmos EVM module. On the same day, Term Labs protocol was attacked, resulting in losses of approximately $8.5 million. Earlier reports indicated that a security incident occurred in the Cosmos EVM module, and officials recommended that affected blockchains suspend operations.

Odaily News According to on-chain analyst Ai Yi's monitoring, a whale went long on BTC and ETH worth $71.8 million last night, taking profits after holding for 4 hours and netting $852,000. Among them, the entry price for ETH was $2,479.2, with a take-profit price of $2,493.5; the entry price for BTC was $78,032, with a take-profit price of $79,334. Currently, the whale has placed limit buy orders for 1,000 BTC in the range of $72,611 to $74,222, valued at approximately $73.53 million.

Odaily News: According to Onchain Lens monitoring, a whale has again withdrawn 46,800 HYPE from Coinbase Prime, worth $3.65 million. Last week, the whale had already withdrawn 33,810 HYPE, bringing the cumulative total to 80,600 HYPE, worth $5.53 million.

Odaily星球日报讯 据链上分析师余烬监测，鱼池联创王纯地址 (0xF42...2b51) 10 小时前再次减仓 6609 枚 ETH，价值 1663 万美元。本轮上涨以来，该地址累计减仓 23378 枚 ETH，价值 5506 万美元，均价约 2355 美元。

1. Arthur Hayes: The U.S. Treasury Secretary is replicating Yellen's liquidity injection strategy, and Bitcoin stands to benefit and rise;

2. Yi Lihua: In this bull run, BTC and ETH returns will exceed 3x, with ETH rebounding more than BTC;

3. Jiang Zhuoer summarizes his trades: ETH short position stop-loss resulted in losses of millions of dollars, calling it his biggest loss since swing trading;

4. Tom Lee: ETH's 30% weekly gain historically has signaled even larger gains in the coming weeks;

5. Coinbase's Stand With Crypto begins positioning for the U.S. midterm elections, set to unveil its endorsed Senate candidates list;

6. A U.S. soldier is accused of using non-public information to profit over $400,000 on Polymarket, facing opposition as CFTC intervenes in the criminal case;

7. Large stablecoin payment limits are proposed to be relaxed, with Japan potentially allowing single transactions to exceed 1 million yen;

8. Fu Peng: The AI narrative logic is shifting, with the market moving from "rewarding cash-burning expansion" to "penalizing capital consumption";

9. EntropyIO completes a $14 million funding round and secures $40 million in HYPE staking support.

Odaily News Former U.S. House Speaker Nancy Pelosi has filed her latest financial disclosure, revealing purchase transactions in semiconductor maker Intel (INTC) and clean energy provider Bloom Energy (BE).

According to the official disclosure document submitted to the Clerk of the House of Representatives, the transactions involve multiple positions across the two companies.

For Bloom Energy, the filing shows that Pelosi executed her first transaction on July 24, including:

- Purchase of 10,000 shares of Class A common stock, with a reported value between $1 million and $5 million;

- Simultaneous purchase of 100 call options with a strike price of $100 and an expiration date of June 17, 2027, also with a reported value between $1 million and $5 million.

On July 28, Pelosi made a second transaction:

- Purchase of an additional 5,000 shares of common stock, with a reported value between $500,000 and $1 million;

- Additional purchase of 100 call options with the same strike price of $100 and the same expiration date of June 2027, with a reported value between $500,000 and $1 million.

In total, Pelosi now holds 15,000 shares of BE common stock and 200 call options, with the disclosed overall Bloom Energy position valued between $3 million and $12 million.

For Intel, the filing shows that on July 24, Pelosi purchased:

- 10,000 shares of common stock, with a reported value between $500,000 and $1 million;

- Simultaneous purchase of call options with a strike price of $50 and an expiration date of June 17, 2027, with a reported value between $250,000 and $500,000.

Odaily Note: Relevant U.S. congressional disclosure rules require lawmakers to report asset transactions, but reported amounts use designated ranges rather than exact figures.

According to Odaily, data from GMGN shows that PoorGoat invested a total of approximately $95,000 to purchase 26.9 million CATE tokens, with an average market cap at entry of around $2.8 million.

Currently, CATE's market cap stands at approximately $70.8 million. PoorGoat's position is valued at around $1.98 million, with unrealized profits of approximately $1.96 million, representing a return on investment of about 2067%.

Odaily Planet Daily News: The Solana community is advancing two governance proposals, SGP-0002 and SGP-0003, aimed at tightening SOL supply by reducing new issuance and increasing burns. The detailed mechanism of SGP-0003 corresponds to SIMD-0553, which proposes introducing a resource-consumption-based transaction fee mechanism. It is expected to increase SOL's daily burn amount from approximately 650 SOL to between 7,500 and 9,000 SOL, with the corresponding value rising from about $65,000 to $750,000–$900,000. The detailed mechanism of SGP-0002 corresponds to SIMD-0550, which proposes doubling the speed at which SOL's annual inflation declines, advancing the 1.5% minimum inflation rate target from 2032 to 2029. This is expected to reduce SOL issuance by approximately 18.9 million SOL over the next six years, worth about $1.89 billion at current prices. SGP-0002 currently has a support rate of 16.24%, an opposition rate of 0.31%, and an abstention rate of 0.16%; SGP-0003 has a support rate of 13.23%, an opposition rate of 0.27%, and an abstention rate of 0.03%. Both proposals require a 1/3 participation rate to pass.

Odaily News, Maelstrom CIO Arthur Hayes stated in his latest article that US Treasury Secretary Bessent is adopting a liquidity injection strategy similar to that of former Treasury Secretary Yellen, by increasing long-term Treasury bond buybacks and other measures to suppress yields and release dollar liquidity into the market.

Hayes noted that at the end of 2023, Yellen released approximately $2.4 trillion in liquidity by increasing short-term Treasury issuance, which was followed by a significant rally in Bitcoin. Now, Bessent faces similar pressure on long-term Treasury yields, and it is expected that he may further expand Treasury buybacks and utilize funds from the Treasury General Account. Hayes believes that regardless of the pace at which these measures are implemented, they will ultimately increase dollar liquidity in the market and drive Bitcoin's continued upward movement.