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PANews
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PANews

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成立于2018年,提供有价值的Crypto/Blockchain/Web3资讯和研报。月均浏览量超千万,是目前加密行业最优质的中文媒体之一。 X:@PANews APP:PANews
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💰PANews Website Function Update, Related to Making Money! Always afraid of missing the next Alpha opportunity? Your crypto event manager is here! #Crypto Event Calendar Comprehensive, filterable, and exportable. #TGE Early Insights Selected new project TGE information, quick news tutorials to help you seize the opportunity. #Binance Alpha Airdrop Preview Schedule, thresholds, expected returns are clear at a glance, your airdrop receiving assistant. 👉 Experience now, gain insights: https://www.panewslab.com/zh
💰PANews Website Function Update, Related to Making Money!
Always afraid of missing the next Alpha opportunity? Your crypto event manager is here!
#Crypto Event Calendar
Comprehensive, filterable, and exportable.
#TGE Early Insights
Selected new project TGE information, quick news tutorials to help you seize the opportunity.
#Binance Alpha Airdrop Preview
Schedule, thresholds, expected returns are clear at a glance, your airdrop receiving assistant.

👉 Experience now, gain insights: https://www.panewslab.com/zh
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Term Labs Suffered a Governance Attack, Losing About $8.5 MillionPANews August 23, according to CertiK monitoring, Term Labs suffered a governance attack, with losses of about $8.5 million. Of the total, 2,843 ETH and about 1.6 million DAI are currently stored in an address starting with 0xD5183. Term Labs responded that its treasury was affected by a governance vulnerability, and will release more details after further investigation.

Term Labs Suffered a Governance Attack, Losing About $8.5 Million

PANews August 23, according to CertiK monitoring, Term Labs suffered a governance attack, with losses of about $8.5 million. Of the total, 2,843 ETH and about 1.6 million DAI are currently stored in an address starting with 0xD5183. Term Labs responded that its treasury was affected by a governance vulnerability, and will release more details after further investigation.
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Chen Maobo: The HKSAR government is promoting the full-scale deployment and widespread adoption of AIPANews August 23, according to JIN10, Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region, said in a blog post published on August 23 that the AI boom is adding strong momentum to Hong Kong’s economy and consumer market. The HKSAR government is promoting the deployment and widespread adoption of AI in all areas in a comprehensive way. Chen Maobo said that the development of AI has provided significant support to Hong Kong’s economy and financial markets. Benefiting from strong global demand for AI-related products, Hong Kong’s exports have recorded high double-digit growth for several consecutive quarters. In the capital markets, from December last year to May this year, Hong Kong’s fund-raising from new shares related to AI was nearly HK$100 billion, accounting for about 55% of the total in the same period. The Hang Seng Index Company has also recently included several AI-related companies in its indices, reflecting their growing importance in the economy. A research report further estimates that if Hong Kong’s small and medium-sized enterprises can catch up with large enterprises in AI usage rates by 2035, it could unlock economic benefits of up to HK$65 billion for Hong Kong. The HKSAR government has also deepened its operations powered by AI. The AI Efficiency Enhancement Team has facilitated the first batch of efficiency improvement projects involving 30 projects across 13 departments.

Chen Maobo: The HKSAR government is promoting the full-scale deployment and widespread adoption of AI

PANews August 23, according to JIN10, Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region, said in a blog post published on August 23 that the AI boom is adding strong momentum to Hong Kong’s economy and consumer market. The HKSAR government is promoting the deployment and widespread adoption of AI in all areas in a comprehensive way. Chen Maobo said that the development of AI has provided significant support to Hong Kong’s economy and financial markets. Benefiting from strong global demand for AI-related products, Hong Kong’s exports have recorded high double-digit growth for several consecutive quarters. In the capital markets, from December last year to May this year, Hong Kong’s fund-raising from new shares related to AI was nearly HK$100 billion, accounting for about 55% of the total in the same period. The Hang Seng Index Company has also recently included several AI-related companies in its indices, reflecting their growing importance in the economy. A research report further estimates that if Hong Kong’s small and medium-sized enterprises can catch up with large enterprises in AI usage rates by 2035, it could unlock economic benefits of up to HK$65 billion for Hong Kong. The HKSAR government has also deepened its operations powered by AI. The AI Efficiency Enhancement Team has facilitated the first batch of efficiency improvement projects involving 30 projects across 13 departments.
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Jiang Zhuoer: The ratio of ETH ETF inflows to total market capitalization is twice that of BTC, driving its rally to outperform BTCPANews Aug 23 — In a post, the founder of the Laibet Mining Pool, Jiang Zhuoer, said that last week, BTC ETF inflows totaled $1.92 billion, while ETH ETF inflows totaled $700 million. Currently, ETH’s total market capitalization is about 18.8% of BTC’s, yet the capital flowing into its ETFs reaches 36.4% of BTC’s ETF inflow scale. The ratio of inflow capital to total market cap is twice that of BTC. This is why, in this round, ETH’s largest rally of 35.9% exceeded BTC’s largest rally of 26.6%. In addition, as the Trump administration embraces blockchain and after the (CLARITY Act) is passed, U.S. financial assets such as the dollar, U.S. stocks, and U.S. Treasuries will be pushed onto the blockchain in large numbers, tokenized, and made smart-contract based. This will bring about immense global financial freedom. Jiang Zhuoer believes that after people in the U.S. financial circles see RWA assets being pushed onto the blockchain at scale, they may develop more understanding of the underlying layer-1 blockchain networks themselves and show interest in investing.

Jiang Zhuoer: The ratio of ETH ETF inflows to total market capitalization is twice that of BTC, driving its rally to outperform BTC

PANews Aug 23 — In a post, the founder of the Laibet Mining Pool, Jiang Zhuoer, said that last week, BTC ETF inflows totaled $1.92 billion, while ETH ETF inflows totaled $700 million. Currently, ETH’s total market capitalization is about 18.8% of BTC’s, yet the capital flowing into its ETFs reaches 36.4% of BTC’s ETF inflow scale. The ratio of inflow capital to total market cap is twice that of BTC. This is why, in this round, ETH’s largest rally of 35.9% exceeded BTC’s largest rally of 26.6%.
In addition, as the Trump administration embraces blockchain and after the (CLARITY Act) is passed, U.S. financial assets such as the dollar, U.S. stocks, and U.S. Treasuries will be pushed onto the blockchain in large numbers, tokenized, and made smart-contract based. This will bring about immense global financial freedom. Jiang Zhuoer believes that after people in the U.S. financial circles see RWA assets being pushed onto the blockchain at scale, they may develop more understanding of the underlying layer-1 blockchain networks themselves and show interest in investing.
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Study: About one in ten English web pages contains clear signs of AI-generated contentPANews August 23 news: According to a report by Decrypt, a study released by the Pew Research Center shows that currently one in ten English-language web pages displays clear signs of AI-generated content. If the sample scope is narrowed to include only web pages published after the launch of ChatGPT in November 2022, this proportion rises to 35%. Researchers extracted about 490,000 pages from the Common Crawl network archive (spanning from January 2021 to July 2026), and then used an AI detection model called Open Pangram to analyze the text, arriving at the above findings. Among them, pages under the .com domain show a rate of AI-generated content signs that is about 10 times that of .edu or .gov domains (both of which are close to 1%). It is also about twice that of .org sites (4.6%).

Study: About one in ten English web pages contains clear signs of AI-generated content

PANews August 23 news: According to a report by Decrypt, a study released by the Pew Research Center shows that currently one in ten English-language web pages displays clear signs of AI-generated content. If the sample scope is narrowed to include only web pages published after the launch of ChatGPT in November 2022, this proportion rises to 35%.
Researchers extracted about 490,000 pages from the Common Crawl network archive (spanning from January 2021 to July 2026), and then used an AI detection model called Open Pangram to analyze the text, arriving at the above findings. Among them, pages under the .com domain show a rate of AI-generated content signs that is about 10 times that of .edu or .gov domains (both of which are close to 1%). It is also about twice that of .org sites (4.6%).
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Reflection on the Coldcard Theft: Seeing the Source Code Does Not Equal SecurityWritten by: Juan Galt Compiled: AididiaoJP, Foresight News The debate between open source and closed source has been ongoing for more than a decade, in Bitcoin and across the entire crypto industry. Bitcoin supporters have long argued that the global financial infrastructure must be built openly; transparency and verifiability are non-negotiable principles in the face of real money. However, application-layer technology and traditional finance often do not buy into this view. Recently, a Coldcard hardware wallet theft incident occurred, further pushing the true meaning of the word “open source” onto the front lines. Users lost over $100 million in Bitcoin (over 1,500 BTC). The incident exposes an awkward reality: even many die-hard Bitcoin players have a rather limited understanding of the philosophy behind open-source software development—and the scenarios where it fails.

Reflection on the Coldcard Theft: Seeing the Source Code Does Not Equal Security

Written by: Juan Galt
Compiled: AididiaoJP, Foresight News
The debate between open source and closed source has been ongoing for more than a decade, in Bitcoin and across the entire crypto industry. Bitcoin supporters have long argued that the global financial infrastructure must be built openly; transparency and verifiability are non-negotiable principles in the face of real money. However, application-layer technology and traditional finance often do not buy into this view.
Recently, a Coldcard hardware wallet theft incident occurred, further pushing the true meaning of the word “open source” onto the front lines. Users lost over $100 million in Bitcoin (over 1,500 BTC). The incident exposes an awkward reality: even many die-hard Bitcoin players have a rather limited understanding of the philosophy behind open-source software development—and the scenarios where it fails.
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Fairmint CEO: The tokenized stock boom or a repeat of Wall Street’s “paper crisis”PANews August 23 news, according to CoinDesk, Fairmint’s CEO Joris Delanoue said that tokenized stocks carry the risk of reenacting the “paper crisis” on Wall Street in the 1960s due to system and standards fragmentation. At the time, the crisis nearly brought Wall Street’s clearing and settlement mechanisms to a collapse. He said that as tokenized stocks grow, exchanges, special purpose vehicles (SPVs), token wrappers, and proprietary ledgers may fragment ownership records, which is the danger. Some tokenized stock products only provide economic exposure to the underlying shares rather than legal ownership. This could cause investors to rely on intermediaries and create uncertainty regarding voting rights, dividends, and claims to assets if the issuer or a special purpose vehicle (SPV) goes bankrupt.

Fairmint CEO: The tokenized stock boom or a repeat of Wall Street’s “paper crisis”

PANews August 23 news, according to CoinDesk, Fairmint’s CEO Joris Delanoue said that tokenized stocks carry the risk of reenacting the “paper crisis” on Wall Street in the 1960s due to system and standards fragmentation. At the time, the crisis nearly brought Wall Street’s clearing and settlement mechanisms to a collapse. He said that as tokenized stocks grow, exchanges, special purpose vehicles (SPVs), token wrappers, and proprietary ledgers may fragment ownership records, which is the danger. Some tokenized stock products only provide economic exposure to the underlying shares rather than legal ownership. This could cause investors to rely on intermediaries and create uncertainty regarding voting rights, dividends, and claims to assets if the issuer or a special purpose vehicle (SPV) goes bankrupt.
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Representative Rashida Tlaib, who previously voted against crypto bills, is exposed for holding BTC/ETH-related ETFsPANews August 23 news: According to the New York Post, Democratic U.S. Representative Rashida Tlaib of Michigan voted against major cryptocurrency legislation in Congress, but her latest financial disclosure shows that she holds Bitcoin- and Ethereum-related assets in approximately a $1.2 million retirement account. Her holdings include up to $15,000 in Grayscale Ethereum ETFs and up to $15,000 in iShares Bitcoin ETFs. Tlaib previously voted against the CLARITY Act, which would support the crypto industry, and supported a resolution aimed at banning “crypto corruption.”

Representative Rashida Tlaib, who previously voted against crypto bills, is exposed for holding BTC/ETH-related ETFs

PANews August 23 news: According to the New York Post, Democratic U.S. Representative Rashida Tlaib of Michigan voted against major cryptocurrency legislation in Congress, but her latest financial disclosure shows that she holds Bitcoin- and Ethereum-related assets in approximately a $1.2 million retirement account. Her holdings include up to $15,000 in Grayscale Ethereum ETFs and up to $15,000 in iShares Bitcoin ETFs. Tlaib previously voted against the CLARITY Act, which would support the crypto industry, and supported a resolution aimed at banning “crypto corruption.”
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U.S. Bank Policy Institute urges FinCEN to expand stablecoin identity verification requirements to the secondary marketPANews August 23, according to News.bitcoin, the U.S. Bank Policy Institute (Bank Policy Institute, BPI), representing major banks in the U.S., including JPMorgan Chase, Bank of America, Wells Fargo, Citibank, and others, submitted a comment letter to FinCEN (Financial Crimes Enforcement Network). The letter calls for expanding Customer Identification Program (CIP) requirements from stablecoin issuers to the secondary market. BPI emphasized that the secondary market (including centralized exchanges and decentralized exchanges) plays an important role in stablecoin buying and selling, and that most illegal activities involving stablecoins occur here. It suggested that exchanges and platforms that establish account relationships with retail customers and facilitate stablecoin trading be included under the CIP requirements under the Bank Secrecy Act (BSA), requiring mandatory collection of user identity information. FinCEN has already pointed out in the proposed rule that extending identity collection to the secondary market “poses challenges in practice.” Blockchain transactions are often anonymous or pseudonymous, and there is a lack of centralized information collection points, making it difficult for issuers to obtain customer information from the secondary market.

U.S. Bank Policy Institute urges FinCEN to expand stablecoin identity verification requirements to the secondary market

PANews August 23, according to News.bitcoin, the U.S. Bank Policy Institute (Bank Policy Institute, BPI), representing major banks in the U.S., including JPMorgan Chase, Bank of America, Wells Fargo, Citibank, and others, submitted a comment letter to FinCEN (Financial Crimes Enforcement Network). The letter calls for expanding Customer Identification Program (CIP) requirements from stablecoin issuers to the secondary market. BPI emphasized that the secondary market (including centralized exchanges and decentralized exchanges) plays an important role in stablecoin buying and selling, and that most illegal activities involving stablecoins occur here. It suggested that exchanges and platforms that establish account relationships with retail customers and facilitate stablecoin trading be included under the CIP requirements under the Bank Secrecy Act (BSA), requiring mandatory collection of user identity information. FinCEN has already pointed out in the proposed rule that extending identity collection to the secondary market “poses challenges in practice.” Blockchain transactions are often anonymous or pseudonymous, and there is a lack of centralized information collection points, making it difficult for issuers to obtain customer information from the secondary market.
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Alibaba plans to place new shares worth HK$80 billion; all proceeds will be invested in AIPANews Aug 23, according to Jin 10, Alibaba (09988.HK) announced on Sunday that it plans to place new shares in Hong Kong. The company said the total size of this placement is HK$80 billion (US$10.2 billion). Alibaba said the transaction will become the largest follow-on offering of its kind in Hong Kong for listed companies ever, and also the largest Regulation S stock offering on record (for securities issuance and sales conducted outside the United States). It would also be the third-largest global follow-on stock offering this year, after Alphabet and Intel. The company said it plans to invest 100% of the net proceeds from this placement into its full-stack AI capabilities, including expanding and upgrading AI infrastructure.

Alibaba plans to place new shares worth HK$80 billion; all proceeds will be invested in AI

PANews Aug 23, according to Jin 10, Alibaba (09988.HK) announced on Sunday that it plans to place new shares in Hong Kong. The company said the total size of this placement is HK$80 billion (US$10.2 billion). Alibaba said the transaction will become the largest follow-on offering of its kind in Hong Kong for listed companies ever, and also the largest Regulation S stock offering on record (for securities issuance and sales conducted outside the United States). It would also be the third-largest global follow-on stock offering this year, after Alphabet and Intel. The company said it plans to invest 100% of the net proceeds from this placement into its full-stack AI capabilities, including expanding and upgrading AI infrastructure.
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Giant whale’s BTC short position from "first set 10 big goals" is up about $800,000; ETH short is down about $30,000PANews August 23, according to AI Aunt monitoring, BTC fell below $76,000. The whale short position that said "first set 10 big goals" has returned to a profitable state. Among them, the BTC short position is 1,830.724 BTC, valued at approximately $139 million, opened at an average price of $76,397.56, with an unrealized profit of about $800,000. The ETH short position is 12,756.739 ETH, valued at approximately $30.25 million, opened at an average price of $2,371.57, with an unrealized loss of about $30,000.

Giant whale’s BTC short position from "first set 10 big goals" is up about $800,000; ETH short is down about $30,000

PANews August 23, according to AI Aunt monitoring, BTC fell below $76,000. The whale short position that said "first set 10 big goals" has returned to a profitable state. Among them, the BTC short position is 1,830.724 BTC, valued at approximately $139 million, opened at an average price of $76,397.56, with an unrealized profit of about $800,000. The ETH short position is 12,756.739 ETH, valued at approximately $30.25 million, opened at an average price of $2,371.57, with an unrealized loss of about $30,000.
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The “Foam” Frenzy of Embodied Intelligence: Technology and Demand Still Need to Be ProvenSource: Late Post Written by: Li Zinan, Shen Yuan, Xu Yumeng At the end of the report, the editor asked: How many robots on the production line working can replace one BYD worker? I can’t answer. At the beginning of the year, in a simulated car factory, I watched a humanoid robot arrange four fingers into a flat plane, lift a crate, turn around, walk to a shelf 20 meters away, and set the items down. The whole process took about 90 seconds. Its efficiency might be only 30% of a human’s. Last month, in a bearing manufacturing factory, another robot extended its gripper, picked up a bearing from a tray, turned around, and placed it into a plastic box on the left. A human could complete this action in 2 seconds; it took 70 seconds. Even if it were ten times faster, it still wouldn’t make it into the plant.

The “Foam” Frenzy of Embodied Intelligence: Technology and Demand Still Need to Be Proven

Source: Late Post
Written by: Li Zinan, Shen Yuan, Xu Yumeng
At the end of the report, the editor asked: How many robots on the production line working can replace one BYD worker?
I can’t answer.
At the beginning of the year, in a simulated car factory, I watched a humanoid robot arrange four fingers into a flat plane, lift a crate, turn around, walk to a shelf 20 meters away, and set the items down. The whole process took about 90 seconds. Its efficiency might be only 30% of a human’s.
Last month, in a bearing manufacturing factory, another robot extended its gripper, picked up a bearing from a tray, turned around, and placed it into a plastic box on the left. A human could complete this action in 2 seconds; it took 70 seconds. Even if it were ten times faster, it still wouldn’t make it into the plant.
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See translation
BTC跌破76000美元,日内下跌 1.38%PANews 8月23日消息,欧易OKX行情显示,BTC刚刚跌破76000美元,现报75925.90美元/枚,日内下跌 1.38%。

BTC跌破76000美元,日内下跌 1.38%

PANews 8月23日消息,欧易OKX行情显示,BTC刚刚跌破76000美元,现报75925.90美元/枚,日内下跌 1.38%。
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Polish Crypto Exchange Zondacrypto’s Two Successive CEOs Go Missing, and the Parent Company’s License Is RevokedAccording to a report by <The New York Times> on August 23, PANews, in March 2022, the founder of the Polish crypto exchange Zondacrypto (formerly BitBay), Sylwester Suszek, went missing. He left his sister an audio message filled with despair, and the family suspected he had been murdered. The lawyer Przemyslaw Kral, who took over and now manages the company, has also been missing for four months. Kral previously posted a video to reassure customers, saying the company holds Bitcoin worth more than $330 million, but the only person who knows the unlocking key is Suszek, who has already gone missing. About two months after the website shut down around April (June 29), Estonia’s Financial Intelligence Unit (FIU) revoked the license of the company’s parent.

Polish Crypto Exchange Zondacrypto’s Two Successive CEOs Go Missing, and the Parent Company’s License Is Revoked

According to a report by <The New York Times> on August 23, PANews, in March 2022, the founder of the Polish crypto exchange Zondacrypto (formerly BitBay), Sylwester Suszek, went missing. He left his sister an audio message filled with despair, and the family suspected he had been murdered. The lawyer Przemyslaw Kral, who took over and now manages the company, has also been missing for four months. Kral previously posted a video to reassure customers, saying the company holds Bitcoin worth more than $330 million, but the only person who knows the unlocking key is Suszek, who has already gone missing. About two months after the website shut down around April (June 29), Estonia’s Financial Intelligence Unit (FIU) revoked the license of the company’s parent.
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See translation
ETH跌破2400美元,日内下跌 0.54%PANews 8月23日消息,欧易OKX行情显示,ETH刚刚跌破2400美元,现报2398.00美元/枚,日内下跌 0.54%。

ETH跌破2400美元,日内下跌 0.54%

PANews 8月23日消息,欧易OKX行情显示,ETH刚刚跌破2400美元,现报2398.00美元/枚,日内下跌 0.54%。
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Coinbase Bitcoin premium index hits 97 days of negative premiums, setting a new record for the longest consecutive “negative” streakPANews August 23 news: According to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium range for 97 consecutive days (from May 19 to date), with the latest value at -0.0266%. Previously, this index was in a negative premium range for 40 consecutive days from January 16 to February 24 this year, setting a record for the longest consecutive stretch of negative premiums since the indicator was launched, exceeding the approximately 30 days of consecutive negative premiums during the “1011 collapse” period. Historical data shows that long-term negative premiums often coincide with the outflow of U.S. institutional capital, so short-term pullback pressure should be watched for.

Coinbase Bitcoin premium index hits 97 days of negative premiums, setting a new record for the longest consecutive “negative” streak

PANews August 23 news: According to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium range for 97 consecutive days (from May 19 to date), with the latest value at -0.0266%. Previously, this index was in a negative premium range for 40 consecutive days from January 16 to February 24 this year, setting a record for the longest consecutive stretch of negative premiums since the indicator was launched, exceeding the approximately 30 days of consecutive negative premiums during the “1011 collapse” period. Historical data shows that long-term negative premiums often coincide with the outflow of U.S. institutional capital, so short-term pullback pressure should be watched for.
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In the past 7 days, USDC circulating supply increased by about 800 million coinsPANews Aug 23, according to official data, within the 7 days up to Aug 20, Circle issued approximately 7.5 billion USDC, redeemed approximately 6.7 billion USDC, and the circulating supply increased by approximately 800 million coins. The total circulating supply of USDC is 72.7 billion coins, and the reserves are approximately 72.9 billion USD, including overnight reverse repo holdings of approximately 48.1 billion USD; U.S. Treasury bills with maturities of less than 3 months of approximately 12.7 billion USD; deposits from systemically important institutions of approximately 11.4 billion USD; and other bank deposits of approximately 0.7 billion USD.

In the past 7 days, USDC circulating supply increased by about 800 million coins

PANews Aug 23, according to official data, within the 7 days up to Aug 20, Circle issued approximately 7.5 billion USDC, redeemed approximately 6.7 billion USDC, and the circulating supply increased by approximately 800 million coins. The total circulating supply of USDC is 72.7 billion coins, and the reserves are approximately 72.9 billion USD, including overnight reverse repo holdings of approximately 48.1 billion USD; U.S. Treasury bills with maturities of less than 3 months of approximately 12.7 billion USD; deposits from systemically important institutions of approximately 11.4 billion USD; and other bank deposits of approximately 0.7 billion USD.
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Trump’s investment account made over 1,000 stock trades in JunePANews August 23 news: According to (The Wall Street Journal), this year in June, U.S. President Donald Trump’s investment account carried out more than 1,000 stock trades, including buying more than 550 shares and selling more than 450. Stocks with trade values exceeding $1 million include Berkshire Hathaway, Visa, and Mastercard, as well as Meta Platforms and Motorola. Since the start of President Trump’s second term in January 2025, he has been making investments through an investment account in a revocable trust fund managed by his eldest son, Donald Trump Jr. The White House explained that the president’s investment account is independently managed by a third-party financial institution, and that investments are made through computer model portfolios that automatically track indexes such as the Charles Schwab 1000 Index. The White House emphasized that the president and his family do not participate in choosing or deciding the timing of trades. Last year, President Trump earned more than $2 billion in profits, much of which came from investments in cryptocurrency companies.

Trump’s investment account made over 1,000 stock trades in June

PANews August 23 news: According to (The Wall Street Journal), this year in June, U.S. President Donald Trump’s investment account carried out more than 1,000 stock trades, including buying more than 550 shares and selling more than 450. Stocks with trade values exceeding $1 million include Berkshire Hathaway, Visa, and Mastercard, as well as Meta Platforms and Motorola.
Since the start of President Trump’s second term in January 2025, he has been making investments through an investment account in a revocable trust fund managed by his eldest son, Donald Trump Jr. The White House explained that the president’s investment account is independently managed by a third-party financial institution, and that investments are made through computer model portfolios that automatically track indexes such as the Charles Schwab 1000 Index. The White House emphasized that the president and his family do not participate in choosing or deciding the timing of trades. Last year, President Trump earned more than $2 billion in profits, much of which came from investments in cryptocurrency companies.
VUS+1.45%
MAUS+1.17%
METAB+0.32%
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Binance puts an end to the wealth effect of exchanges, and Trump kicks off a new wave of wealth-makingAuthor: Zuoye Wry Neck Mountain More asset categories ≠ a stronger wealth effect In 2021, CZ firmly declared, “Centralized exchanges are only an intermediate step on the way to on-chain DeFi.” In 2026, in the age when CZ knows his destiny, he puts everything—his reputation included—on the line in an attempt to forcefully kick off a second spring for Meme trading. Moral condemnation is utterly powerless in the face of a $73.7B fortune, yet Satoshi’s imagined P2P transfer system has already become an inevitable backdrop for PVP on a grand scale. If you string the history of exchanges into a line, 2026 will be their worst year in terms of liquidity and reputation. BitMEX’s attempt to invent Perps ended in failure and it shut down. AB Finance’s campaign met an early death before it could succeed. OKX immerses itself in compliance while the underlying business gradually fades away—let alone a founder who cares more about competitors than about putting himself first.

Binance puts an end to the wealth effect of exchanges, and Trump kicks off a new wave of wealth-making

Author: Zuoye Wry Neck Mountain
More asset categories ≠ a stronger wealth effect
In 2021, CZ firmly declared, “Centralized exchanges are only an intermediate step on the way to on-chain DeFi.”
In 2026, in the age when CZ knows his destiny, he puts everything—his reputation included—on the line in an attempt to forcefully kick off a second spring for Meme trading.
Moral condemnation is utterly powerless in the face of a $73.7B fortune, yet Satoshi’s imagined P2P transfer system has already become an inevitable backdrop for PVP on a grand scale.
If you string the history of exchanges into a line, 2026 will be their worst year in terms of liquidity and reputation. BitMEX’s attempt to invent Perps ended in failure and it shut down. AB Finance’s campaign met an early death before it could succeed. OKX immerses itself in compliance while the underlying business gradually fades away—let alone a founder who cares more about competitors than about putting himself first.
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Accelerating Institutionalization in Korea’s Crypto Market: 5 Major Exchanges Reach 6,590 Corporate Accounts, with Bithumb Accounting for Nearly HalfOn August 23, PANews reported that, according to the Yonhap News Agency, the Financial Supervisory Service of Korea submitted data to the National Assembly’s Political Affairs Committee today, disclosing that as of the end of July, the five largest virtual asset exchanges in South Korea (Upbit, Bithumb, Coinone, Digital Asset Exchange, and Gopax) had a total of 6,590 registered corporate accounts: 1. From the exchange distribution, Bithumb registered the largest number of corporate accounts, reaching 3,280; accounts operated by Dunamu, the operator behind Upbit, amounted to 2,086. The two major exchanges’ corporate accounts totaled 5,366, accounting for 81.4% of the total. In addition, Korbit had 620, Coinone had 539, and Gopax had 65.

Accelerating Institutionalization in Korea’s Crypto Market: 5 Major Exchanges Reach 6,590 Corporate Accounts, with Bithumb Accounting for Nearly Half

On August 23, PANews reported that, according to the Yonhap News Agency, the Financial Supervisory Service of Korea submitted data to the National Assembly’s Political Affairs Committee today, disclosing that as of the end of July, the five largest virtual asset exchanges in South Korea (Upbit, Bithumb, Coinone, Digital Asset Exchange, and Gopax) had a total of 6,590 registered corporate accounts:
1. From the exchange distribution, Bithumb registered the largest number of corporate accounts, reaching 3,280; accounts operated by Dunamu, the operator behind Upbit, amounted to 2,086. The two major exchanges’ corporate accounts totaled 5,366, accounting for 81.4% of the total. In addition, Korbit had 620, Coinone had 539, and Gopax had 65.
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