📊 Russian FSB plans to expand the SORM surveillance system to cryptocurrency exchanges and gaming platforms
An official from the 12th Center of Russia’s Federal Security Service (FSB), Alexander Samoylov, disclosed that the FSB plans to extend SORM (Operational Search Measures system) installation requirements to cryptocurrency exchanges and gaming platforms, mandating that user data be shared in real time with security authorities.
Samoylov also admitted that the “Yarovaya Law” has been in effect for 10 years since its passage in 2016, with the implementation rate of the relevant provisions at only around 80%, which market participants believe is still too high.
According to an investigation by The Bell, after the terror attack at the Crocus City Hall, the FSB’s Second Directorate used the opportunity of large-scale inspections of the SORM system to further strengthen its control over Russia’s internet.
After getting used to late-night K-line charts, you realize that risk control is more important than forecasts.
📊 New Fire Research Institute: Will the Clarity Act stall, and where does Bitcoin go next?
Last week, Bitcoin fell from choppy trading to $62,000. The New Fire Research Institute noted that this downturn was driven by a combination of factors, including hawkish signals from the Federal Reserve, a delay in the Clarity Act legislation, large transfers, and security incidents.
Watching the account fluctuate, it’s hard not to feel a bit wistful—slow is fast.
⚡ Upbit operator Dunamu makes additional investment in healthcare data company Inocras, bringing total investment to 14.5 billion KRW
South Korean crypto exchange Upbit operator Dunamu announced that it has made a further investment in the healthcare big data company Inocras through its investment subsidiary Dunamu & Partners, bringing the total investment amount to 14.5 billion KRW
Don’t let a single bullish candlestick change your perspective—position sizing and risk control are the real bottom line.
⚡ IOSG: How Does Blockchain Keep Secrets? Three Answers to On-Chain Privacy
A cross-comparison of solutions including Zcash, Monero, Canton, and Zama. Institutional demand has been validated: JPMorgan Chase will issue deposit tokens in 2026, and OTC trading volume will grow 109% year over year.
Regulation in 2027 will drive auditable privacy, but products that both hide everything and run everything efficiently still haven’t emerged
No predictions—just respond. The market will give the answers.
📡 Google’s total market value reaches $4.51 trillion, surpassing Apple to become the world’s second-largest
The ranking of U.S. stock market values has changed again: Google has surpassed Apple to become the world’s second-largest. As of the time of writing, Nvidia’s share price is down 1.03%, with a total market value of $4.81 trillion. Google-Class A shares are up 3.5%, with a total market value of $4.51 trillion.
Apple’s share price is down 0.7%, with a total market value of $4.48 trillion
Watching the ups and downs of the account inevitably leaves one feeling a bit wistful—slow is fast, after all.
🔥 Bloomberg analyst: Coldcard incident—over $100 million stolen could rank second among typical financial theft cases in the U.S.
Senior Bloomberg ETF analyst Eric Balchunas said in a post on X that if the Coldcard wallet incident caused losses of roughly over $100 million, that amount would rank second among U.S. traditional theft cases, only behind the 1990 Isabella Stewart Gardner Museum theft in Boston (about $500 million).
However, if compared with historical theft incidents in the crypto industry, a $100 million scale would not even make the top ten. If traditional theft cases and crypto asset theft cases are combined into one ranking, crypto-related cases would take 9 of the top 10 thefts in U.S. history.
The analyst points out that the scale of crypto asset theft has far surpassed traditional financial crime events in recent years, and sarcastically notes that U.S. regulators’ prior approval of Bitcoin ETFs is driving more funds into this space.
Replaying the case helps with complaints—so the next one will be better.
📡 Upstream crimes of the crime of helping information network-related offenses must be “crimes committed by using an information network”—taking an example of an illegal business case involving buying and selling foreign exchange with virtual currency (I)
The crime of providing assistance to information network-related offenses (commonly referred to as “helping”) may seem straightforward at first glance, but upon deeper examination, it proves to be extremely complex. It is straightforward because the statutory provisions are expressed too simply; it becomes complex because the scenarios involved in judicial practice vary widely. The law does not further elaborate on several key concepts, which in turn creates disputes over application.
The above are my reflections from a case that Shao’s lawyer recently handled, involving a suspected illegal business offense of buying and selling foreign exchange using virtual currency. In this case, after a long period of communication and negotiation between the prosecution and defense, the prosecution ultimately accepted the view put forward by Shao’s lawyer: the evidence was insufficient to establish the offense of illegal business.
However, after both sides reached agreement on that point, further communication led to a new disagreement—the prosecution still insisted that even if the case did not constitute illegal business, it should still constitute the crime of helping.
In my view, that the evidence is insufficient for illegal business does not mean it is acceptable to “step down” and reclassify the case as the crime of helping.
Reviewing is more useful than complaining—your next one will be better.
🔥 Bitcoin miners are giving up one after another, but their stocks are soaring
Bitcoin’s total network hashrate continues to fall, mining difficulty hits a record plunge, yet the listed mining companies’ stocks surge against the trend. Driven by an AI narrative, surrender signals from miners have emerged, and the market faces a long-term shift in hashrate
Only those who make it through the low point deserve the upside that comes next.
🔔 Coldcard or currently facing the fourth wave of organized attacks; Bitcoin spot ETFs saw net outflows of $61.53 million last week
Korea’s KOSPI index has repeatedly surged since the start of the year, hitting 63%, exceeding Bitcoin’s 48%; Bithumb plans to complete its listing by 2028; Binance will delist ACX, HFT, PIVX, PYR, VANRY, and VIC; Hong Kong’s Hang Seng index closed up 0.48%, while Alibaba rose more than 7%
Lots of excitement, but for those chasing higher prices, remember to buckle up.
🔔 Forbes: 7 million Bitcoin exposed to quantum computing risks—does BTC need to switch to a new “lock”?
When will quantum computers be able to crack Bitcoin? Bitcoin with a $470 billion exposure of public keys faces risk, but exposure doesn’t equal theft. Developers are split, with a fierce clash between BIP-360 and BIP-361. Startups claim post-quantum solutions but haven’t been audited. In this quantum race, who will be the winner?
No predictions—just prepare to respond; the market will provide the answer.
📡 Funding Weekly Report | Amazon has invested $50 billion in OpenAI; Axis Robotics completes a $12 million seed round
In Q2, Amazon invested $13.7 billion and $11.3 billion in OpenAI and Anthropic, respectively; Moonshot raised $3.5 billion—above expectations—in its latest funding round, valuing it at $35 billion.
Crypto industry funding continues to shrink, with capital increasingly flowing to security, trading execution, and AI-integrated infrastructure
Up or down is part of the process—just stick to the plan.
🔥 Data: PROVE, HYPE, and ENA tokens will see major unlocks next week, with PROVE unlocking nearly $35.4 million
According to Token Unlocks data, PROVE, HYPE, and ENA tokens will undergo large unlocks next week, including: Succinct (PROVE) will unlock approximately 208 million tokens at 11:00 PM Beijing time on August 5, with a ratio to circulating supply of about 104.17% and a value of about $35.4 million; Hyperliquid (HYPE) will unlock about 433,000 tokens at 8:00 AM Beijing time on August 6, with a ratio to circulating supply of about 0.19% and a value of about $22.67 million; Ethena (ENA) will unlock approximately 171 million tokens at 3:00 PM Beijing time on August 5, with a ratio to circulating supply of about 1.97% and a value of about $15.1 million
The market doesn’t wait—when you miss the timing, you can only quietly review and reflect.
🔥 Iran: Strikes on Amazon data centers in response to U.S. actions
Iranian Islamic Revolutionary Guard Corps spokesman, speaking on August 2 local time, said that during the “Victory-2” operation, the U.S. Amazon company’s data processing center located in Bahrain has been designated as a target because it provides intelligence support, cloud computing, and services related to the U.S. military command system.
The spokesperson did not clearly state when the strikes would be carried out, but said the operation was one of several responses by Iran to U.S. attacks.
Watching the account fluctuate, it’s hard not to feel a bit wistful—slow is fast.
🔥 Losses caused by the Coldcard vulnerability rise to $88.6 million; July tokenized stocks and ETF trading surges 288% to a record $11.3 billion
Next week’s macro outlook: Nonfarm data may improve slightly; SpaceX will release its first earnings report after its IPO; Leopold once agreed to sell $3.5 billion in Anthropic equity to address margin pressure, but the deal was withdrawn the next day; BNB Chain: a former employee used the original test wallet without authorization to deploy a Meme coin and legal proceedings have been initiated
Only those who make it through the low point deserve the upside that comes next.