每周编辑精选 Weekly Editor's Picks（0815-0821）
- 核心观点：本周加密市场迎来多重利好驱动反弹，监管政策（SEC新规）与美国宏观流动性改善成为核心催化剂，同时行业融资重心向合规牌照转移，AI与存储赛道结构性变化值得关注。
- 关键要素：
- 加密市场拉升受四重因素推动：美国财政部压低长端利率、白宫加密峰会与SEC监管松绑、比特币现货ETF资金流入反转、杠杆空头强平引发轧空行情。
- SEC发布《加密资产监管条例》提案，为500万美元以下发币融资提供豁免，虽未生效但标志美国山寨币发行合法化迈出实质一步。
- 2026上半年加密行业融资总额112亿美元（377笔），前三赛道为支付与稳定币（37亿）、预测市场（20亿）、交易所（17亿），牌照价值凸显。
- NAND存储正成为AI容量层，Sandisk预计2030年企业数据中心闪存需求达1.2ZB；AI推理需求或降低存储周期波动幅度。
- 以太坊本轮反弹中ETF资金表现优于比特币、机构加仓，但超三分之一ETH质押导致收益率下滑，削弱长期吸引力。
- Arthur Hayes复出创办Flop Labs，定位AI Agent经济原生货币网络，目前唯一确定参与方式为申请四大角色。
- Meme KOL Ansem推出Ansem.io平台，将个人影响力明码标价，商业模式从交易抽佣转为推广费与ANSEM代币赋能。
The information flow moves too fast, and in-depth analytical articles are easily drowned out by hot topics. This "Weekly Editor's Picks" column pulls out content of true judgment value from the vast sea of information, helping you filter out the noise, retain insights, and spark inspiration.
Macro Landscape
US Debt Nears $40 Trillion, BofA's Hartnett: Going Long Gold Is the Best Move Right Now
Investment & Entrepreneurship
Bull Run Arrives: Four Key Drivers Behind the Overnight Surge Across the Crypto Market
The US Treasury unexpectedly "flooded the market," pushing down long-end rates and boosting risk appetite;
The White House crypto summit, coupled with SEC regulatory easing, has shifted policy sentiment positive;
The outflow trend in Bitcoin spot ETFs has reversed, with whales accumulating at lower prices;
Concentrated liquidation of leveraged shorts triggered a classic "short squeeze" rally.
Recommended reading: During the Night of Crypto's Surge, What Did Trump Say? and Institutions Already Bought the Dip Early – Is Bitcoin at $70K the Starting Point of a Bull Return or a Local Top?
Orderly Deleveraging in Progress: A Deep Dive into the Crypto Lending and Futures Market in Q2 2026
The key difference between this cycle and the last bear market is that outstanding loans have declined smoothly and in a stepwise fashion, rather than collapsing all at once. This moderate downward pace represents a healthier deleveraging cycle: driven by the market proactively reducing risk, rather than massive forced liquidations or counterparty blowups.
Pump.fun, Hyperliquid, Uniswap, Chainlink.
In the first half of 2026, there were 377 publicly disclosed funding rounds in the crypto industry, totaling approximately $11.2 billion.
Every disclosed funding round went to businesses requiring regulatory licenses to operate.
The top three tracks were: payments and stablecoins at $3.7 billion, prediction markets at $2 billion, and exchanges and trading platforms at $1.7 billion.
After CZ's Triple Endorsement, a 16-Year-Old's On-Chain CPU Project Goes Viral
Behemoth, an on-chain CPU designed by Blonskr using its TapeOut Protocol, is essentially still an EVM mining game model, just with "circuit design" as the gameplay.
Also recommended: From Hedge Funds to Family Offices, Who Is Quietly Increasing HYPE Exposure via PURR?
AI & Storage
Is AI Inference Changing the NAND Cycle? What Sandisk Means for Memory Chip Stocks
NAND is gradually becoming an AI capacity layer alongside HBM and DRAM, rather than just a traditional commodity storage product.
Sandisk expects enterprise data center flash demand to reach 1.2 ZB by 2030 and is developing High Bandwidth Flash specifically for AI inference.
Storage manufacturers like Sandisk and Samsung are adopting longer-term customer agreements, which may improve demand visibility and reduce the risk of over-expansion.
AI won't make the NAND cycle disappear. What's truly worth watching is whether stronger bit demand and better supply discipline can reduce the amplitude of future cycles.
This "switching venues without changing bets" move by Korean retail investors has not effectively diversified risk. The prevalence of ADR premiums and leveraged products is a typical sign of speculative overheating, which could create greater volatility in certain market segments.
AI remains at the center of attention for top investors, with capital clearly repricing around the AI supply chain. There seems to be little doubt that "AI will continue to grow," but the real question is who can actually turn investment into profit in the next phase.
Arthur Hayes is returning to the "project leader" role. His new project, Flop Labs, is positioned as a native currency network for the AI Agent economy. Arthur calls it "food for your AI agent," aiming to serve as the native currency and verifiable compute settlement layer for the Agentic Economy – rather than building agents themselves, launching platforms, or pure compute networks.
Currently, the only relatively certain way to participate in a potential airdrop is to apply for one of the four roles within Flop Labs.
Policy & Stablecoins
The U.S. Securities and Exchange Commission (SEC) officially released a new rule proposal titled "Regulation Crypto Assets" on August 18 (local North American time), establishing a "tailor-made" issuance framework for investment contracts involving crypto assets.
This is the most significant substantive step in crypto regulation since SEC Chairman Paul Atkins took office, and a key signal that the regulator is proactively carving its own path amid the ongoing stagnation of the CLARITY Act in Congress.
The startup exemption and funding exemption make the issuance of U.S. altcoins completely legal.
"Regulation Crypto Assets" is still in the proposal stage and has not taken effect. It still needs to go through the full notice-and-comment, revision, and final adoption process, which is unlikely to be completed in the short term (within months). The parallel legislative process for the CLARITY Act is equally uncertain.
Airdrop Opportunities & Interaction Guides
Meme
Ansem Enters the "New Meme Endorsement" Game, with Promotion Fees Up to $98,000
Overseas Meme KOL Ansem has launched Ansem.io, a token issuance platform. The core token issuance mechanism is similar to Pump.fun, with the main differences being operational: Ansem.io puts a price tag on Ansem's personal influence. Tokens created on Ansem.io can receive the Ansem team's endorsement simply by purchasing enough "resources." The platform also heavily empowers the Meme token ANSEM – not only incentivizing Meme projects to buy and burn ANSEM, but also granting ANSEM holders free Meme airdrops.
Ansem.io is essentially a paid promotion platform for Ansem personally. Its business model isn't taking a cut from token trades, but rather earning Meme promotion fees and adding value to the ANSEM token.
By productizing KOL personal influence into a launchpad, Ansem is arguably the first to do so.
Ethereum
ETH Returns to the Golden Line – What's Different About This Rebound?
Ethereum ETF flows are outperforming Bitcoin, with multiple institutions adding positions against the trend; over one-third of ETH is now staked, though declining yields may weaken its appeal.
Multi-Ecosystem
Before the HYPE Explosion: AQAv2 Begins Revenue Accrual This Month, HIP-4 Ready to Launch
HYPE Jumps 26.86%, Approaching All-Time High – What Is the Market Paying For?
Weekly Hot Topics Catch-Up
Policy & Macro Market
The SEC Commission passed the "Regulation Crypto Assets" proposal, with commissioners voting separately outside the public meeting;
The US dollar faces risks, and the Treasury buyback plan resembles yield curve control;
Wall Street's "fear gauge" hit a yearly low, raising the risk of an autumn sell-off in US stocks;
US retail investors are "mass-buying" put options, but the underlying bullish positioning remains intact;
Jensen Huang moves to reassure the AI compute market: Nvidia may "provide residual value support of up to 25% for individual investment projects";
Anthropic is expected to match or exceed SpaceX's IPO scale, potentially filing publicly as early as the end of this month;
Views & Voices
Trump: The SEC Chairman is pushing to bring Hyperliquid into the US in a compliant manner, urging Congress to pass a "fair version" of the Clarity Act, saying the US has completely ended its "war" on the crypto industry and is now leading its development;
"Godfather of AI" Hinton agrees with Musk: AI could lead to massive unemployment, and the employment landscape over the next 10 years is unpredictable;
Serenity: Following Nvidia's lead on AI trends – the market always wakes up only after opportunities have been realized;
Institutions, Major Companies & Leading Projects
Harvard halts reduction of its Bitcoin ETF holdings, with US university endowments entering a wait-and-see phase on crypto exposure;
Strategy releases investor briefing: 840,000 BTC as a foundation, digital credit strategy becomes growth engine;
Compound Finance approves a record $52 million budget, pivoting toward institutional clients;
Kaito restarts the "earn by posting" economy, but many are hesitant to install the new plugin;
Data
SK Hynix leveraged ETF holders trapped at highs face huge losses: average loss exceeds 76%, needing a 300%+ rally to break even;
"Bull Run Arrives" unexpectedly goes viral, with the eponymous Meme surging;
Security
SafePal data breach affects nearly 40,000 users (analysis)...
Here's the portal to the full "Weekly Editor's Picks" series. See you next time~
