Odaily News - Nomura Holdings' digital asset company Laser Digital Japan announced this week that it has completed registration as a crypto asset trading service provider under Japan's Payment Services Act, with registration number 00032, and has joined the Japan Virtual and Crypto asset Trading Association, bringing an end to Japan's nearly 4-year period without new industry participants.
The license covers six crypto assets: Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, and Shiba Inu, all of which are listed on the industry association's "green list." Laser Digital Japan will initially provide liquidity to licensed crypto asset companies in Japan, while the launch date for trading services targeting professional investors has not yet been announced.
Japanese regulators require the segregation of customer assets from company assets, with at least 95% of customer crypto assets stored in offline cold wallets, subject to verification through annual audits. The license does not cover crypto asset derivatives, nor does it permit Laser Digital Japan to launch exchange-traded funds; major adjustments to Japan's crypto asset regulatory framework are expected to be implemented in fiscal year 2027. (Bitcoin.com News)
According to Odaily Meme Flash monitoring, the market cap of WAGIE on BSC has surpassed $900,000.
On August 22, WAGIE announced the launch of the "first upgradeable NFT protocol on BNB."
Grok adds that this protocol allows users to upgrade their NFTs, with the potential to eventually be promoted to "Employee of the Month."
"Meme Flash" is curated by Odaily's exclusive AI model, selecting community-highlighted potential assets. The content is compiled based on public information and does not constitute investment advice. Please exercise your own judgment and be mindful of the high volatility risk associated with Meme coins.
Odaily Planet Daily News Galaxy Research stated that Bitcoin's current 50-week moving average is approximately $82,470, serving as a key level to determine whether the current bear market has ended. A weekly close back above $82,000 would strengthen the case that the June 30 low marked the bottom.
Galaxy Research's analysis of completed Bitcoin bear markets since 2011 found that Bitcoin has revisited the 50-week moving average 13 times, with 11 of those instances not leading to new closing lows. In comparison, the 50-day moving average provides faster signals, but failed 43 out of 106 revisits.
As of August 22, Bitcoin is trading at approximately $77,190, up about 30% from the June 30 low and roughly 6% below the 50-week moving average. In longer bear markets, the first successful reclaim of the 50-week moving average typically occurs 130 to 284 days after the bottom, by which time Bitcoin has rallied 63% to 80%. (Bitcoin.com News)
Odaily News: El Salvador has accumulated 7 Bitcoin over the past 7 days, bringing its total Bitcoin holdings to 7,751.37 BTC, valued at approximately $599 million.
According to Odaily Meme Flash monitoring, MOIRA's market cap on BSC has surpassed $540,000.
CZ previously posted on August 16 that he had seen a large number of cats from the BinanceCat campaign in his feed, adding, "Keep them coming!"
A community noted that Moira (BinanceCat) is a cat named by a Binance employee, and that CZ, Binance, and Binance Wallet have previously shared images related to this cat on multiple occasions.
"Meme Flash" selects trending community candidates through Odaily's exclusive AI model. The content is compiled based on public information and does not constitute investment advice. Please exercise your own judgment and be aware of the high volatility risks associated with Meme coins.
Odaily News: Strive Vice President Joe Burnett expressed agreement with @BitcoinPierre's views in a post on X. He stated that altcoins typically represent tokenized exposure to protocol fees or staking economies, with their appreciation potentially driven largely by speculation and liquidity constraints.
Joe Burnett noted that Bitcoin treasury companies present fundamental differences. Common stock represents a residual claim on a real balance sheet. If Bitcoin appreciates faster than the company's cost of capital, the company can achieve a leverage effect by using dollar-denominated liabilities to purchase more Bitcoin, allowing per-share net asset value to grow faster than Bitcoin itself.
Outperforming Bitcoin in per-share net asset value does not guarantee that the stock price will outperform Bitcoin in the short term. The price paid relative to per-share net asset value matters significantly. If investors buy at a high premium and that premium subsequently narrows, the stock may underperform Bitcoin even if per-share net asset value is growing faster.
However, this premium or discount also creates unique capital market options. When there is sufficient premium relative to per-share net asset value, companies can issue common stock and buy Bitcoin, thereby increasing per-share Bitcoin holdings. Companies can also issue dollar-denominated debt to purchase more Bitcoin, amplifying their Bitcoin position. When there is sufficient discount relative to per-share net asset value, companies may repurchase shares and increase per-share Bitcoin holdings.
These mechanisms can also operate in tandem. A company can issue dollar-denominated debt to buy Bitcoin, then issue common stock to reduce leverage when valuations are attractive, increasing per-share Bitcoin holdings while potentially maintaining a similar degree of leverage. This process does not require Bitcoin itself to rise.
He stated that the logic behind the premium is relatively straightforward. If Bitcoin bulls expect that a well-structured leveraged Bitcoin position valued at 1x per-share net asset value will grow per-share net asset value faster than Bitcoin, then it is reasonable for investors to pay a premium for such exposure.
This is similar to Bitcoin futures. Bitcoin futures often trade at a premium to spot because demand for leveraged long Bitcoin exposure can exceed demand from the other side of the trade.
The difference is that the premium on a leveraged Bitcoin position can itself generate effects. A higher premium creates greater options to increase per-share Bitcoin holdings, which may support a higher premium and further drive growth in per-share Bitcoin holdings.
He said this reflexivity makes the question no longer whether a premium should exist, but rather how large the premium should be.
Odaily News According to GMGN data, Base Meme coin BLUECHIP saw a sharp short-term surge, with its market cap briefly surpassing $3 million and an intraday gain of over 780x. It is currently reported at approximately $2.98 million.
Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.
According to Odaily, a whale transferred 1,727 Bitcoin, valued at $133 million, to Binance, as monitored by Bitcoin News.
Odaily reported that Bitcoin News posted on X platform, stating that the plan for BSTR, backed by Adam Back, to go public via a SPAC merger with Cantor Equity Partners I as a bitcoin reserve company has been terminated. BSTR Holdings is now required to pay Cantor Equity Partners I $10 million by September 19 and an additional $5 million by December 1, failing which Blockstream Capital Partners may be called upon to make the payment on its behalf.
Odaily News, according to GMGN data, BSC Meme coin Bicat experienced a short-term surge, with its market cap briefly exceeding $7 million and currently reporting at approximately $6.27 million.
In terms of narrative, Binance released a black-and-yellow cat image in December 2025, asking the community, "What would you name this cat?" Subsequently, the official Flap account replied "Bicat" under the post.
Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.
Odaily News According to data from the Korea Securities Depository, Korean retail investors are aggressively purchasing the ADR (American Depositary Receipt) of SK Hynix listed on the US Nasdaq, resulting in a significant premium for the ADR compared to the company's domestic shares.
From the listing of the SK Hynix ADR on Nasdaq on July 10 to August 19, Korean investors recorded cumulative net purchases of approximately $835 million (about 1.16 trillion KRW) in SK Hynix ADR, ranking second among US stocks bought by Korean investors during the same period and accounting for 16.4% of the total net purchases of US stocks by Korean investors.
This trend has led to a widening price gap between the SK Hynix ADR and its domestic shares. On August 19, SK Hynix's domestic shares closed down 9.75% at 1.5 million KRW, while the US-listed ADR rose 0.35% to close at $156.16. Since one SK Hynix ADR corresponds to 0.1 domestic share, the theoretical value of the domestic share converted from the ADR price should be approximately 10 times the ADR price. However, as of the 19th, the domestic share price was only 6.82 times the converted ADR price, indicating an approximate premium of 46.67% for the ADR over the domestic shares. (NATE)
Odaily News – HYPE reached an intraday high of $82 yesterday, rising 38% over the past week, with 24-hour trading volume exceeding $2 billion and a market cap of approximately $17.17 billion. Hyperliquid's 30-day trading volume surpassed $176 billion, with open interest exceeding $8 billion.
On August 19, U.S. President Donald Trump stated that the Commodity Futures Trading Commission (CFTC) is pushing to bring Hyperliquid into the U.S. market in a compliant and lawful manner. On August 20, a wallet associated with venture capital firm Multicoin Capital transferred 308,884 HYPE tokens, valued at approximately $19.8 million, to institutional custody and trading platform Coinbase Prime within seven hours.
During the same period, the wallet also transferred 172,710 and 62,700 HYPE tokens, valued at approximately $10.15 million and $4.37 million, respectively. Since February 2026, Multicoin Capital has transferred over $100 million worth of HYPE to Coinbase Prime. Meanwhile, Hyperliquid has been using approximately 99% of its perpetual and spot market fee revenue to continuously buy back HYPE through the Assistance Fund. (Bitcoin.com News)
Odaily News: According to Onchain Lens monitoring, the Royal Government of Bhutan has transferred 10.779 Bitcoin, valued at approximately $835,000, to two new addresses, one of which is 32jhgBZ8hjVrrYaEQmz75BBve6rxdVyuR8.
Odaily Planet Daily News: Joris Delanoue, CEO of Fairmint, has warned that the rapidly growing tokenized stock market may face a digital version of Wall Street's "paper crunch" from the 1960s as a result of systemic fragmentation and a lack of unified standards. In the late 1960s, surging stock trading volumes in the United States, coupled with a continued reliance on manual processing of paper stock certificates, overwhelmed back-office settlement systems, leading to frequent securities losses and trade failures. That crisis eventually prompted the United States to establish a centralized securities depository system, culminating in the founding of the Depository Trust Company (DTC).
Odaily News — Crypto KOL "Bonk Guy" Unipcs stated that the market may be significantly underestimating the scale of development in this cycle's on-chain market. Currently, Robinhood, BNB Chain, Base, and Solana are competing comprehensively for retail market share, liquidity, users, and attention.
Unipcs believes that major ecosystems are all vying to become the leading chain of this cycle and are willing to invest substantial resources to drive ecosystem growth. Competition and activity in the on-chain market are expected to further intensify.
Odaily News, according to GMGN data, BSC Meme coin Bicat surged in a short period, with its market cap briefly exceeding $4 million and intraday gains surpassing 780x. It is currently reported at approximately $3.7 million.
On the narrative front, Binance posted a black-and-yellow cat image in December 2025, asking the community, "What would you name this cat?" Subsequently, the Flap official account replied "Bicat" under the post.
Odaily reminds users that Meme coin prices are highly volatile, and investors should be mindful of the risks.
