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Sequoia China is reportedly seeking to raise $1.2 billion for its first U.S. dollar fund since going solo
PANews August 18 news, according to a report by China Business Network (n. 12), sources said that Sequoia China has held preliminary talks with investors regarding several funds, including its first U.S. dollar fund since its “spin-off.” Sources said the investment firm is discussing raising at least $1.2 billion for an early-stage investment fund to support companies in the AI, healthcare and consumer sectors. They also said Sequoia China is considering setting up a growth fund, but the timing and size have not yet been determined. One person added that the company is also considering a RMB-denominated fund. Sources said the new fund will continue to focus on the Chinese market, but the firm is also open to opportunities in overseas markets.
Developer created a “Bull Comes” token without making a profit, then released three more tokens afterward, earning $253,000
PANews August 18 news, according to Lookonchain monitoring, developer 0x6af3 created a “Bull Comes” token, with a peak market cap of $49 million. However, they did not buy any tokens and made no profit from it. Subsequently, they launched three additional tokens: “Tripper Body,” “Bull Arrived,” and “Moo,” earning $253,000 in profit.
Ethereum Foundation launches the Platåberget testnet in preparation for the August 20 Glamsterdam upgrade
PANews August 18 message: According to Cointelegraph, the Ethereum Foundation has launched the Platåberget testnet to open public testing ahead of the Glamsterdam upgrade fork scheduled for August 20.
No More Crash-Style Plunges: A Deep Review of Crypto Lending and the Futures Market in Q2 2026
Author: Zack Pokorny, Galaxy Compiled by: Saoirse, Foresight News As the market continues its deleveraging trend, the second quarter of 2026 is a quarter since the fourth quarter of 2022 in which on-chain lending across all categories declined in tandem. It covers centralized finance (CeFi), decentralized finance (DeFi), and the crypto-collateralized portion of stablecoins in collateral debt positions (CDPs). A notable difference between this market cycle and the previous bear market is that outstanding loans fall steadily in a stepwise manner, rather than collapsing all at once. In the second quarter of 2022, the crypto-collateralized lending industry plunged by more than 55% directly, then continued to decline by 9% and 29% in the third and fourth quarters of 2022, respectively. By contrast, in this deleveraging cycle, the market’s declines over three consecutive quarters were only 10%, 5%, and 17%.
Tether plans to roll out AI applications for users in emerging markets, covering healthcare, finance, sports, and more
PANews August 18 report: According to a report by Fortune, Tether CEO Paolo Ardoino said the company plans to develop foundational AI applications for users in emerging markets, covering fields such as healthcare, finance, and sports, and accessible via smart phones. Tether focuses on lightweight local AI systems rather than cutting-edge models. This move is partly driven by concerns that existing economic inequality may be exacerbated by uneven AI access. Tether has not yet clarified its AI services monetization model, but Ardoino hinted that it could be paid for via stablecoin payments. Tether has previously launched the open-source technology stack QVAC, enabling AI models to run on edge devices such as mobile phones and PCs without relying on centralized cloud infrastructure. It covers functions including text generation, computer vision, and speech recognition, and supports Android, iOS, Windows, macOS, and Linux. It can run in network-restricted or offline environments. Tether encourages developers to build applications based on this technology; each task provides funding of approximately $1,500 to $4,000, and QVAC will be integrated into its wallet developer kit.
Aster Launches Pre-IPO Perpetual Contract Trading Competition with a Prize Pool of ASTER Tokens Worth $10,000
PANews August 18, Aster announced the launch of a Pre-IPO perpetual contract trading competition. The event will run from 12:00 to 07:59 Beijing time on August 18 to August 25. It covers three types of contracts: UNITREEUSDT, ANTHROPICUSDT, and OPENAIUSDT, with maximum leverage of 5x, 10x, and 20x respectively. It is reported that the total prize pool for this event is ASTER tokens worth $10,000. Two $5,000 leaderboards will be set based on trading volume and realized profit and loss. The reward mechanisms for the two leaderboards are the same and each operates independently.
Wall Street Morning News: All three major indexes fall for a second straight day; storage + optical communications buck the trend with gains—SanDisk rallies for 6 straight days, up nearly 50%, and AXT I surges 17%
Every Monday to Friday morning, focusing on macro, U.S. equities, AI, precious metals, and crude oil—using data to review the market and trends to seize opportunities, produced by PANews. The 60-day Iran-U.S. ceasefire agreement expires; the 30-year U.S. Treasury hits a 19-year high With geopolitical risk premium and long-end yields both under pressure, the three major indexes fell for the second consecutive day. The Dow Jones Industrial Average fell 0.51%, the S&P 500 dropped 0.52%, and the Nasdaq Composite slipped 0.32%. The 60-day Iran-U.S. ceasefire understanding memorandum officially expired on August 17. Trump clearly stated that he is not seeking an extension and warned that if Oman “gets in the way,” it will be bombed. Iran simultaneously shifted to a “full-scale offensive” posture, and an Emirati oil tanker was seized in the Strait of Hormuz. Brent crude jumped 2.65% in a single day to $90, and WTI rose 3.13% to close at $84.50; both broke above last week’s highs. U.S. gasoline’s average price also climbed to over $4 per gallon.
Ethereum EIP-12188 proposal seeks to reduce the consensus-layer block retention window to lower node storage pressure
PANews August 18—Ethereum developer kevaundray has submitted an EIP-12188 proposal on GitHub, suggesting a reduction in the consensus-layer block retention window to ease node storage pressure. The proposal is currently in the public review stage and has received support from some client developers. Lighthouse contributor michaelsproul believes that this adjustment would not cause any significant issues for client operations, and developer dapplion has also expressed support. The proposal notes that reducing the retention time for consensus-layer historical blocks can optimize node resource usage. As of now, EIP-12188 has not been merged and still requires further review and community discussion.
Ripple partners with South Korea’s Jeonbuk Bank to provide 24-hour cross-border remittance services
PANews August 18, according to a report by The Block, Ripple has partnered with South Korea’s Jeonbuk Bank to deploy Ripple Payments and provide around-the-clock cross-border remittance services. This is Ripple’s third partnership in South Korea this year, following Kyobo Life Insurance and Kbank.
The whale that previously made over $1 million by going long on AKE now goes long on GPS on Aster with 2x leverage, with an unrealized profit of $80,000
PANews Aug 18, according to Lookonchain monitoring, the whale 0x8b6e, which previously profited over $1.12 million by going long on AKE, is now going long on GPS on Aster. It opened a long position of 27.23 million GPS using 2x leverage (worth $450,000). Its unrealized profit is $80,000 (+35.66%). GPS has recently surged by 70%.
Alibaba to sell its game business Lingxi Interactive Entertainment for at least $1.5 billion, accelerating its AI transformation
PANews, August 18. According to a report by Bloomberg, Alibaba has reached an agreement to sell its game business, Lingxi Interactive Entertainment, to the Asian private equity firm Trustar Capital. The deal is valued at at least $1.5 billion. In an internal memo, the CEO of Lingxi Interactive Entertainment, Zhou Bingchu, said this move is intended to help Alibaba better focus on strategic priorities. Alibaba is accelerating its AI and cloud computing strategy transformation, aiming for AI revenue of $100 billion within five years. This month, Alibaba unveiled the largest AI model in its history, claiming its performance is comparable to Anthropic. This sale is the latest move by Alibaba to divest non-core assets and focus on its AI strategy.
Binance to Support Conflux Network (CFX) Network Upgrade and Hard Fork on August 25
PANews August 18, according to an official announcement, Binance is expected to suspend token deposit and withdrawal services for the Conflux Network (CFX) network at 07:00 on August 25, 2026 (UTC+8) to support its network upgrade and hard fork. The network upgrade and hard fork are expected to take place at 08:00 on August 25, 2026 (UTC+8).
Bithumb’s interim report: net loss exceeds $76 million—who swallowed the profits?
Author: KarenZ, Foresight News The figure that most easily leads people to misjudge a financial report is often not the numbers themselves, but the tendency to look at only one figure: net profit. Bithumb posted a net loss of 108.691 billion KRW in the first half of this year (about $76.44 million). At first glance, this may seem to suggest that the exchange has lost its ability to generate profits, but the reality is not that simple. If you break down the income statement, you’ll find that Bithumb’s exchange business is still profitable. What really changes the income statement are mainly losses from the disposal of crypto assets, valuation losses, and litigation provisions. In other words, to truly understand Bithumb’s financial report, you need to clarify at least four things: how much profit the exchange business generated, how much its crypto assets held by the company lost, how much regulatory and litigation risk provisions were recorded, and how large a change in cash was brought about by customer fund flows?
AI hedge fund Situational Awareness sells Anthropic shares at a 20% discount
PANews August 18 message: According to a report by the Kechuangban Daily, due to an urgent need to raise funds, the hedge fund “Situational Awareness” sold its $5 billion stake in Anthropic at a 20% discount. The hedge fund was founded by former OpenAI researcher and AI prodigy Leopold Aschenbrenner, and it has recently faced a “liquidation” crisis due to high-leverage operations.
U.S. Justice Department launches antitrust investigation into venture capital giant a16z
PANews August 18 reported, citing Bloomberg, that the U.S. Department of Justice is conducting an antitrust investigation into Silicon Valley’s top venture capital firm Andreessen Horowitz (a16z). The focus is on the firm’s partners serving as directors at multiple AI companies that have competitive relationships. Co-founder Ben Horowitz serves as a director of Databricks, while partner Martin Casado serves as a director of Fivetran; the two companies compete in the data processing space. Casado also previously served as a director at dbt Labs, which was acquired by Fivetran in June. The investigation has been underway for nearly a year. It began with an antitrust review of Fivetran’s acquisition of dbt Labs. Although the acquisition has been granted unconditional approval, the investigation into positions on the board of directors is still ongoing. Such investigations typically end with directors resigning. a16z has close ties to the Trump administration: the two founders donated millions of dollars to the Trump camp in 2024 and successfully advocated for weakening safety guardrails on AI policy. a16z manages assets totaling $90 billion. It recently raised a $15 billion fund. Its investment portfolio includes SpaceX, OpenAI, and Cursor, among others.
A certain smart mega whale bought $3.6 million worth of SOL again after lying low for two years
PANews August 18 news, according to Lookonchain monitoring, the smart Solana mega whale GvHYQQ has once again bought 475,350 SOL ($3.6 million) after being inactive for more than two years. This whale previously made precise bottom-fishing in August and October 2023, buying 291,790 SOL for an average price of $23.37 ($6.82 million). It then sold 191,789 SOL at an average price of $128.36 during the SOL rally, earning a profit of over $20 million.
Crypto market sees mixed gains and losses; DeFi sector up 1.06%, AI sector drops more than 3%
PANews August 18 report. According to SoSoValue data, performance in various crypto market sectors was mixed; Bitcoin (BTC) rose 1.57%, breaking through $64,000. Ethereum (ETH) rose 0.42%, breaking above $1,900. The DeFi sector performed particularly well, up 1.06% over the past 24 hours. Among them, Compound (COMP) rose 8.92%, Morpho Token (MORPHO) rose 5.30%, and Hyperliquid (HYPE) rose 1.41%. As for other sectors, the Layer1 sector rose 0.47% over the past 24 hours, with Zcash (ZEC) up 4.15%. The Layer2 sector was up 0.46%; Polygon (ex-MATIC) (POL) rose 6.29%. The Meme sector rose 0.18%, with PIPPIN (PIPPIN) surging 16.38%. The PayFi sector rose 0.01%, and SafePal (SFP) rose 2.45%.
Bitwise CEO: The Crypto Industry Is Becoming Mature and Diversified; The Focus in the Next 12 Months Will Be ‘On-Chain Finance’
PANews August 18, Bitwise CEO Hunter Horsley said in a post that it is now increasingly difficult to generally talk about “crypto”—the industry has branched into multiple independent tracks such as Bitcoin, blockchain infrastructure, tokenization, stablecoins, perpetual futures, Meme coins/NFTs, and lending markets, among others. This is a sign that the industry is moving toward maturity. He noted that, just as it is difficult to define the “next catalyst for internet companies,” it is becoming harder to answer what the “next catalyst for crypto” will be. Looking ahead to the next 12 months, industry discussions will focus more on “on-chain finance.”