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Tether Treasury destroys 1.75 billion USDT on the Ethereum chain
PANews August 10 — According to Whale Alert monitoring, Tether Treasury destroyed 1.75 billion USDT on the Ethereum chain, worth approximately $1.75 billion.
After 900 million shares were unlocked, the stock didn’t fall—it surged instead. How long can SpaceX’s AI computing power gamble last?
Author: Jae, PANews On August 7, two major publicly listed companies under Musk—SpaceX and Tesla—joined forces to announce an investment of $16.8 billion to build a Terafab chip factory. Just the day before, SpaceX had set what is believed to be the largest “chip flood” in Wall Street history: more than 900 million shares of early employee equity incentives were concentrated and released from lock-up. Contrary to market expectations, after a large number of shares began trading freely, SpaceX’s stock price rose by a cumulative 24.5% over two consecutive days, showing no sign of backing off. Instead, it delivered better-than-expected results in its first big test in the secondary market. However, the subsequent wave of intensive unlocks that continued through December still casts a shadow over SpaceX’s next upward run.
A certain giant whale dormant for over 12 years transfers 26.96 bitcoins, achieving a return rate of 7,975%
PANews August 10 news: According to Galaxy Research, a dormant giant whale that had been inactive for 12 years and 6 months transferred 26.96 bitcoins (valued at $1.75 million). Since receiving the bitcoins on January 31, 2014, the whale has not made any transfers. Its average cost is about $803, resulting in a profit of $1.73 million and a return rate of 7,975%.
Bitcoin Outlook: The “Bottom” Logic Revealed by On-Chain Data
Author: Will Clemente, Bitcoin Analyst/STIX Investment and Strategy Member/Co-founder of Reflexivity Research Compiled by: Jiahuan, ChainCatcher I hope everyone had a great summer. I haven’t written a long-form piece about Bitcoin for a while. In this article, I want to gather and lay out my thoughts on this asset—along with some ideas that have gradually been taking shape in my mind recently—about how we should view and allocate to Bitcoin going forward. Last year, I basically shifted my focus on the market to commodities. The reason was that it was already quite clear: the crypto market was facing a supply overhang, which made the entire market feel extremely heavy.
Robinhood to roll out cryptocurrency trading service for eligible UK customers via Bitstamp
PANews August 10 — According to The Block, Robinhood has started offering a cryptocurrency trading service to eligible UK customers. Users can buy and sell more than 50 digital assets directly within its main investing app via Bitstamp. Bitstamp is a long-running exchange that Robinhood acquired last year for $200 million. This service will begin rolling out this week. It will add cryptocurrency to its existing stocks and ISA, stocks, options, and futures products, with all products consolidated in a single application. Robinhood says that when the service launches, it will waive trading fees, account maintenance fees, and custody fees. However, UK customers need to pay a 0.1% foreign exchange fee, and the exchange fees for some weekends will rise to 0.3%.
CryptoQuant Founder: The Correlation Between Bitcoin and Gold Has Returned to Levels From the Digital Gold Era
PANews August 10, CryptoQuant founder Ki Young Ju said in a post that the correlation between Bitcoin and gold has returned to the levels seen in the digital gold era.
Binance Alpha DAPPOS (DOS) airdrop threshold is 200 points
PANews August 10 message: According to an official announcement from Binance, trading for DAPPOS (DOS) will begin on August 10 at 17:00 (UTC+8). Users holding at least 200 Binance Alpha points can claim the token airdrop. Claim the 200 DOS token airdrop on the Alpha campaign page on a first-come, first-served basis. If the campaign has not ended, the score threshold will automatically decrease by 5 every five minutes.
“The Big Short” Michael Burry: No longer believes Berkshire Hathaway is an attractive investment for the future
PANews August 10日消息, according to a report by China Business News (财联社), “The Big Short” Michael Burry said his biggest concern about Berkshire Hathaway at the time was that when Buffett eventually stepped down, his successor would be too old and ultimately wouldn’t be Buffett, so they wouldn’t have the patience to wait for the “best pitch.” He said: “I believe this concern has already come true.” “Looking ahead, I believe Berkshire Hathaway is no longer an attractive investment.”
Analyst: Stablecoin total market capitalization has shrunk by nearly $15 billion since May; market liquidity continues to leak, and Bitcoin’s rebound is hindered
PANews August 10 news: CryptoQuant analyst Darkfost said in a post that since May, the total market capitalization of stablecoins has lost nearly $15 billion. The amount has fallen from about $280 billion to $266 billion. From last October to this May, the market value remained in a sideways consolidation, which suggests there was no inflow of liquidity—or liquidity was insufficient. Now, even if the price of Bitcoin has stabilized, demand has not recovered, and this weakness is preventing Bitcoin’s price from rebounding. Instead, the decline in stablecoin market capitalization indicates that liquidity in the crypto market is actually being drained.
Crypto OG who managed $2.4 billion dies after naked fall: the front door left wide open, the house in disarray—did the 'wrench attack' that the crypto world fears most still happen?
Author: Lin Zhengying At around 4:30 a.m. on August 7, 2026, the 911 emergency call center in Asunción, the capital of Paraguay, received a call: Under the high-end apartment building Jade Park in the Trinidad District, there was a body lying on the ground. The scene the police found was eerie: the victim was completely naked, with a black plastic bag covering his body, seemingly having fallen from a height of about 100 meters from the 30th floor. The victim was quickly preliminarily identified—Harry Chun Tak Yeh, known in Chinese as Ye Junde. He is the founder and managing partner of the cryptocurrency fund Quantum Fintech Group, who claims to manage more than $2.4 billion in assets, and is a Chinese-heritage crypto investor.
CryptoQuant founder: CME hedge funds rarely shift to net long BTC futures, big players are bullish on Bitcoin
PANews August 10 news: CryptoQuant founder Ki Young Ju said in a post that the hedge funds on the CME have shifted to being net long on BTC futures—this is very rare. Basis trading usually results in hedge funds holding shorts structurally, which is also why the related data has remained in negative territory for years. Basis trading cannot be carried out while in a net long position. Institutional investors are betting on a rise in BTC.
JPMorgan Chase Raises Year-End Target for the S&P 500 to 8,000 Points
PA News August 10 report: According to Jin10, JPMorgan Chase said on Monday it raised its year-end target for the S&P 500 index to 8,000 points. The rationale is that corporate earnings are strong, and there are signs that AI investments by large cloud service providers are about to drive faster revenue growth. This new target implies about 3.12% upside compared with Friday’s closing price of 7,757.64 points.
Only two blocks mined in eight hours—why BIP-110 failed to cleanse Bitcoin?
By: Xiaobing On the evening of August 7, Bitcoin split into two chains at block height 961632. Nodes running BIP-110 started rejecting all blocks that did not express a support signal, effectively diverging from the main network. AntPool mined the first standard block at that height; the main network accepted it, while the BIP-110 nodes rejected it. Afterwards, a miner working via the Ocean mining pool mined an alternative block, and the BIP-110 chain followed that block. Scene after eight hours: only a few chains managed to advance to block 961633, producing a total of two blocks. In the same time period, the Bitcoin main chain had already reached block 961681, leading by 48 blocks.
Australia suspends Cryptolink’s VASP registration; 96 Bitcoin ATMs to be shut down within three months
PANews August 10 news, according to Cointelegraph, Australia’s anti-money laundering regulator AUSTRAC has suspended Cryptolink’s registration as a virtual asset service provider (VASP) for three months. The reason is that it failed to fulfill basic reporting obligations, especially threshold transaction reporting. During this period, the company’s Bitcoin ATMs are not allowed to operate. Cryptolink has 96 Bitcoin ATMs in Australia, mainly located in major cities such as Sydney, Melbourne, and Brisbane, allowing users to exchange cash for Bitcoin.
Over the past 5 days, 3 newly created wallets from the FalconX platform cumulatively withdrew 165,425 HYPE, worth approximately $9.16 million
PANews August 10, according to Lookonchain monitoring, over the past 5 days, 3 newly created wallets withdrew 165,425 HYPE (worth $9.16 million) from the FalconX platform.
UK regulators are working on a framework for tokenized gold
PANews, August 10. According to Caixin/China Securities Journal, British regulators are working on a regulatory framework for tokenized gold as part of a plan to promote the digitization of financial markets and maintain London’s position as the world’s global gold trading hub. The UK Financial Conduct Authority (FCA) has held discussions with industry bodies on how tokenized gold should be regulated, including several large banks. Over the coming months, regulators are expected to announce plans for relevant regulatory standards in this area.
Wall Street Morning News: Nonfarm payrolls deliver a surprise that ignites rate-cut trades; Guanglian begins to steal the spotlight in storage—“go short storage, go long optical” becomes the new battleground
Every Monday to Friday morning, we focus on macro, US stocks, AI, precious metals, and crude oil, among other areas. Using data to review the market and using trends to seize opportunities—produced by PANews. Nonfarm shock reignites rate-hike expectations; the Hormuz deadlock revives the oil price premium Last Friday, US July nonfarm payrolls unexpectedly fell by 23,000, far below the market expectation of an increase of 80,000. In addition, employment data for May and June were revised down by a combined 103,000, and the labor force participation rate fell to its lowest level in more than five years. After the data was released, the market quickly pared back its September rate-hike expectations, with the probability dropping from about 55% to 40%. US stocks then immediately embarked on a strong rebound.
South Korea’s Financial Supervisory Service launches a system upgrade to prepare refunds for victims of virtual-asset voice phishing
PANews August 10 news, according to SBS, the Financial Supervisory Service (FSS) of South Korea has begun a comprehensive overhaul of its systems to address issues related to compensation for losses caused by financial scams, including voice phishing involving virtual assets. On August 6, the FSS launched the “Financial Scam Loss Compensation System Improvement Project.” The project aims to reform the current compensation calculation system centered on the South Korean won in order to prepare to include losses from virtual assets within the scope of compensation starting this October. The current system mainly calculates the compensation amount based on losses denominated in South Korean won; however, after the reform, compensation will be calculated using a compensation ratio, taking into account the type and quantity of the virtual assets involved. In addition, when payments are suspended, the won-converted value of the virtual assets will also be included in the calculation.
Grayscale Withdraws ADA, HBAR, and DOT ETF Registration Applications
PANews August 10 news: According to the SEC page, Grayscale has withdrawn the S-1 registration applications for the Grayscale Cardano Trust ETF, the Grayscale Hedera Trust ETF, and the Grayscale Polkadot Trust ETF.