加密城市 Crypto City

Bitcoin reserve companies and corporate holders continue to sell off
Cryptocurrency reserve companies and corporate holders have recently continued to show clear signs of liquidating holdings!
The world’s largest publicly listed Bitcoin holder, MicroStrategy (Strategy, MSTR), has been liquidating Bitcoin holdings for two consecutive weeks, selling 1,690 BTC to repurchase preferred shares; Trump’s media group (TMTG) also “cut losses” on 65 BTC in the second quarter of this year and shifted to providing financial data API licensing.
Another Bitcoin reserve company, Empery Digital, meanwhile sold 1,635 BTC within a month to raise funds to repay its debts, and in response to its real-estate investment needs for the transition to AI data centers.

NVIDIA teams up with six Wall Street giants, investing over $500 billion to build AI infrastructure
Chip giant NVIDIA announced yesterday (8/10) that it has signed a memorandum of understanding (MOU) with Apollo Global Management, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR—six leading global financial institutions—to jointly establish an independent “compute power financing platform.”
The platform aims to pour more than $50 billion in third-party capital into global AI infrastructure, ushering in a brand-new chapter for the securitization of AI computing-power assets. However, the agreement still needs the two sides to sign the final contract before it can officially take effect.

To prevent excessive leverage risks in Taiwan stock market amid typhoon season, it was reported that the Financial Supervisory Commission plans to reform the system.
Trading volume in the Taiwan stock market continues to hit new highs, and the amounts involved in settlement defaults and excessive leverage risks are rising as well. To avoid “young stock gods” triggering settlement defaults and investors “having four loans under one roof” to abuse leverage, the Financial Supervisory Commission has assigned the Taiwan Stock Exchange to study new preventive regulations. In the future, if an investor has a “first-time default,” they may be required to prepay the full amount and securities (cash/asset escrow), removing the convenience of delayed T+2 payment.
At the same time, financial regulators have recently frequently invited top executives from securities firms to have “coffee” to discuss risk control, prompting some firms to urgently block credit trading of Taiwan stock ETFs with leverage of 2 (i.e., two times the positive exposure).

EIP-8363 targets staking rewards, proposing that part of the newly issued Ether be directly burned
The Ethereum community has recently reignited debate over token-economic models, with the core of the controversy pointing to EIP-8363. This proposal seeks to modify the issuance mechanism of Ethereum’s Proof of Stake (PoS). It would burn directly a portion of the Ether ($ETH) rewards that would otherwise be paid to validators, thereby reducing the speed at which new Ether enters the market and strengthening Ether’s scarcity.
Under the current mechanism, validators help maintain network security by staking Ether and can earn income such as newly issued Ether at the consensus layer, transaction priority fees, and maximum extractable value (MEV). EIP-8363 focuses on consensus-layer issuance rewards, aiming to burn a portion of staking rewards through the “Issuance Burn” mechanism. As the size of staking increases, the burn ratio may also rise, further controlling the amount of newly issued Ether that validators receive.

The mandatory signaling period officially starts, but miner support is only 2.53%.
The controversial Bitcoin ($BTC) proposal, BIP-110, officially entered the mandatory signaling phase at block height 961,632, but miner support was far lower than the proponents expected. In the previous 2,016 blocks, only 51 blocks signaled support for BIP-110, accounting for about 2.53%. This is still a huge gap from the 55% activation threshold set by the proposal.
BIP-110 adopts the User Activated Soft Fork (UASF) model, hoping that node operators will activate the new rules themselves. After entering the mandatory signaling phase, nodes executing the BIP-110 rules begin rejecting blocks that signal with a version bit that does not use the specified version. Since the vast majority of miners continue mining the original Bitcoin main chain, nodes supporting BIP-110 therefore form an independent minority chain.

Amazon’s new AI data center could become the largest carbon-emitting source in the United States
Amazon is investing in a natural gas power plant to serve as part of a large data center in Texas. If the plant is completed according to plan, it could become the single largest power plant in U.S. history in terms of greenhouse gas emissions (carbon emissions).
According to a report by (The New York Times), the new power plant is located in Pecos County, Texas. Amazon has recently obtained the right to develop the site. The plant will install 35 natural gas turbines, with a maximum generating capacity of up to 7.65 gigawatts, to supply electricity for the data centers Amazon is planning.

Artificial intelligence (AI) is becoming a new tool in cybersecurity research, but it also reveals safety threats that have been lurking in the Bitcoin ecosystem for a long time. A team of 16 Bitcoin developers recently conducted a large-scale security audit using AI models and, out of 390 Bitcoin-related projects, identified as many as 85 “fatal vulnerabilities,” leaving Calle, the developer who coordinated the effort, to say plainly: “The situation is very bad.”
This security auditing effort, seen as a “health check” of the Bitcoin ecosystem, mobilized 16 developers. Calle, the anonymous developer of the electronic cash protocol Cashu, revealed that the team used AI models to analyze Bitcoin wallets, cryptographic libraries, and various infrastructure components, and ultimately submitted 4,962 items of potential risk. These included 85 fatal vulnerabilities and 635 high-risk issues.

Musk’s wafer fab Terafab breaks ground—how big could it be?
Ready to take on TSMC: Elon Musk’s Terafab wafer fab has already begun construction. According to a report by (Tom’s Hardware), aerial footage shows that there has been clear progress in under five months, but the video still makes it difficult to capture the real size of the facility.
To that end, Nic Cruz Patane—who focuses on the fields of Tesla and SpaceX—created visual chart analyses to help others understand its massive footprint.
Based on the chart, the Terafab site’s floor area is at least 100 million square feet—exceeding the combined areas of Tesla’s Giga Texas plant (10 million square feet), the U.S. Pentagon (6.6 million square feet), Apple’s headquarters Apple Park (2.82 million square feet), and the U.S. shopping mall Mall of America (5.6 million square feet). It’s also far larger than the 18.9 million square feet of indoor space in China’s Chengdu New Century Global Center.

Binance officially added to the warning list; the VASP Association proactively reports
Regulation of Taiwan’s crypto market is heating up again. The Republic of China Virtual Currency Commercial Association (VASP Association) has added global major cryptocurrency exchange Binance (Binance) to the warning list, noting that Binance has not completed anti–money laundering registration with the Financial Supervisory Commission. As required by law, it may not provide virtual asset services within Taiwan, nor may it advertise to or solicit business from people in Taiwan.
Source of image: VASP Association. The VASP Association has added global major cryptocurrency exchange Binance to the warning list.

$6.4 billion CRO treasury plan scrapped; all three parties agree to terminate the deal
The U.S. president Trump’s Trump Media & Technology Group (TMTG) announced that it would scale back part of its cryptocurrency business plans. Together with Crypto.com and the special purpose acquisition company (SPAC) Yorkville Acquisition Corp., it jointly terminated the original plan to establish the Trump Media Group CRO Strategy. The transaction was originally intended to create a Cronos ($CRO) digital-asset treasury company with a scale of at least $6.42 billion; however, it has now been confirmed that the plan will be canceled.
According to three parties’ accounts, the main considerations for terminating the transaction are the current market environment and changes in the priorities of the company and its stakeholders. In addition to the $CRO treasury company, some related service agreements and digital-asset cooperation were also simultaneously canceled. After the news was announced, the $CRO price fell noticeably at one point, reflecting market concerns that the funding needs of a large enterprise have disappeared.

The Financial Services Agency, working with the National Police Agency, acts to require exchanges to strengthen withdrawal controls
Japan’s Financial Services Agency and the National Police Agency have teamed up to require domestic cryptocurrency exchanges to strengthen anti-scam measures, and to submit new regulatory requirements to the Japan Digital Asset Trading Association (JVCEA). The measures are mainly aimed at the rapidly increasing investment scams on SNS in recent years, romance scams, and cases in which accounts were hijacked. The goal is to increase opportunities to intercept scam funds before they leave regulated platforms.
Among the measures drawing the most market attention is that exchanges may impose a waiting period for withdrawals of certain cryptocurrencies. After users complete fiat deposits such as JPY, or purchase crypto assets on the platform, exchanges may restrict, for a period of time, the immediate transfer of those assets to external wallets, reducing the risk that victims will be quickly induced by scam syndicates to move funds out.

Second Circuit Court of Appeals issues a mandate, original judgment officially takes effect
FTX founder Sam Bankman-Fried (SBF) tried to overturn his criminal conviction and the appeals process for a 25-year prison sentence, but the attempt was thwarted again. On August 4, the U.S. Court of Appeals for the Second Circuit officially issued a mandate, making effective the ruling this June that dismissed SBF’s appeal. Jurisdiction over the case was also returned to the U.S. District Court for the Southern District of New York.
Source: Courtlistener On August 4, the U.S. Court of Appeals for the Second Circuit officially issued a mandate, making effective the ruling this June that dismissed SBF’s appeal

OpenAI urgently suspends development of the new AI model Astra
ChatGPT developer OpenAI released an official assessment report last week stating that the flagship model “Astra,” currently under development, has made breakthrough progress in agent-based programming and network security offense-and-defense capabilities. After a joint evaluation involving internal teams and external experts, OpenAI has formally concluded: it cannot rule out that Astra possesses the key network security attack capabilities as defined by its Preparedness Framework.
To prevent AI from autonomously probing vulnerabilities or causing large-scale cyberattacks, OpenAI has applied an emergency brake—pausing all internal Astra development and evaluation work that has not yet met the new safety standards.

After cryptocurrency exchange BitMart unexpectedly announced on July 26 that it would begin "orderly shutdown of operations," founder Sheldon Xia remained silent for a long time without making a public response, sparking market questions about the platform’s assets, the status of withdrawals, and the whereabouts of management.
Until the evening of the 8th, Sheldon finally broke the silence and posted a statement emphasizing, "We didn’t run away, and we won’t run away," adding that the core team is still carrying out asset inventory, asset consolidation, and system maintenance.
Counting from BitMart’s July 26 announcement to shut down, Sheldon has been silent for about 13 days; based on earlier public posts on his community account, the previous post could even be traced back to July 7—meaning he has gone nearly 32 days without speaking out.

Crypto ETF funds have been flowing back in. According to The Block, US spot Bitcoin and Ethereum ETFs saw a combined net inflow of about $1.1 billion last week—its strongest single-week performance since April—though trading volumes were on the low side.
Bitcoin $850 million, Ethereum $240 million: BlackRock takes more than 80%
Breaking it down, spot Bitcoin ETFs recorded a net inflow of about $853.5 million last week, with inflows on all five trading days; Ethereum ETFs brought in roughly $244.9 million, extending the streak of consecutive net inflows to five weeks. Of this, BlackRock’s IBIT and ETHA alone attracted about $896 million, accounting for more than 80% of the total inflows—showing that funds remain highly concentrated in the leading players.

Bybit sues the North Korean government and the Lazarus Group across the sea
After encountering a major hacking incident, cryptocurrency exchange Bybit announced that it has formally filed a lawsuit in the U.S. District Court for the District of Columbia against the North Korean government, the North Korean Reconnaissance General Bureau (RGB), and the well-known hacker group “Lazarus Group,” accusing them of being responsible for the February 2025 theft of approximately $1.5 billion in cryptocurrency assets.
This is the first time in the history of cryptocurrency that an exchange has directly initiated a civil claim through the U.S. federal judicial system against a sovereign state and a state-level hacker. The court has issued a preliminary injunction freezing the relevant wallets and platform funds.

The vulnerability has already been exploited in the real world; BTCPay demands an immediate upgrade to 2.4.2
Open-source Bitcoin ($BTC) payment processing tool BTCPay Server has suffered a major security vulnerability. The official confirmed that attackers have begun exploiting the related weaknesses to obtain access credentials for some Lightning Network nodes, and there have been cases of funds being moved. The team urgently requests that all users immediately upgrade to BTCPay Server 2.4.2. Merchants who cannot complete the update right away should temporarily shut down their servers to avoid continuing exposure to attack risk.
Source: X/@BtcpayServer BTCPay Server confirms that attackers have begun exploiting the related weaknesses to obtain access credentials for some Lightning Network nodes, and there have been cases of funds being moved

The U.S. cryptocurrency market structure bill (the CLARITY Act) has been confirmed as unable to be put to a vote before the summer recess in the Senate. However, industry insiders still expect that after the Senate returns to Washington in September, it will once again push forward consideration of the bill, seeking to complete legislation within this year.
(CoinDesk) Citing multiple sources following the progress of the bill, the report said that while the crypto industry had originally hoped the Senate would extend its session to address disputes including the (CLARITY Act), the Senate ultimately decided not to hold a vote before the August recess due to major disagreements that still exist between lawmakers from both parties.

AI heat wave continues to push up the valuations of Frontier AI model companies such as OpenAI and Anthropic. The market broadly believes that as AI agents, autonomous work, and artificial general intelligence (AGI) are gradually realized, these companies will experience explosive growth.
However, Andrew Ho, a researcher who previously worked at OpenAI, has publicly put forward a very different view. He said that he is “fairly bearish” about the valuation of frontier AI labs (Frontier Labs) and believes the market has not yet truly established a reasonable valuation model.
He said that although he is a former employee and, in theory, should speak well for the industry, if you carefully work through the business model, it is hard to believe that the current valuations can hold up.

Recently, Michael Saylor, executive chairman of Strategy and a Bitcoin business advocate, released a civilization-leadership course titled “Upgrade the World.” He selected 38 works spanning history, war, economics, political philosophy, energy, technology, and money, in an effort to build a decision-making framework for business, political, financial, and technology leaders.
The complete reading list starts with Will Durant’s *The Story of Civilization*, moves through Jared Diamond’s geographical determinism, John Keegan and John L. Vië’s histories of war, Nassim Nicholas Taleb’s theory of uncertainty, and Murray Rothbard’s Austrian economics—before finally turning to energy, digital technology, and Bitcoin.