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WGC CEO: Why Bitcoin Will Eventually Go to Zero
On August 5, 2026, David Tait, CEO of the World Gold Council and Chair of the FMSB Precious Metals Working Group, said in an interview that Bitcoin's movement is highly correlated with high-risk assets, failing to decouple and hedge risk as expected; in contrast, gold possesses safe-haven characteristics that move inversely.
Therefore, he advocates that Bitcoin holders should allocate gold for mutual hedging. Furthermore, although stablecoins have practical value in the institutional and asset-collateralized spaces, Bitcoin lacks the public trust enjoyed by fiat currencies, as well as the backing of central banks and major financial institutions. The lack of concrete application scenarios and support is the core reason it will eventually fall to zero.

CoinGlass data shows the Coinbase Bitcoin Premium Index has remained negative for 90 consecutive days from May 19 to August 16, most recently at -0.1066%, marking the longest negative streak on record. The index measures the Bitcoin price gap between Coinbase Pro and Binance. A persistently negative reading generally means Bitcoin is trading at a relative discount on Coinbase, which may indicate weaker U.S. buying demand or heavier selling pressure, but does not by itself prove sustained institutional outflows.

Anthropic tokenized asset (ANTHROPICUSDT) listed on Binance Pre-IPO Perpetual Futures has seen active trading, with prices fluctuating between $1,600 and $1,842; based on the contract's estimated benchmark share count of 1 billion shares, the pre-market derivatives pricing implies a valuation of ~$1.6 trillion to $1.84 trillion for Anthropic, whereas in traditional private markets, Anthropic completed a $65 billion Series H round in May 2026 at a $965 billion post-money valuation, indicating a 65% to 88% premium in the crypto pre-market that aligns closely with Wall Street investment banks' $1.5 trillion to $2 trillion IPO valuation expectations.

Justin Sun said he had spoken with Binance, which clarified that its restrictions on transactions involving HTX and other platforms apply only to users in the UK and EU. HTX does not operate in the UK or EU and is currently negotiating settlements with regulators in the two regions. Users affected during this process can contact HTX customer support, and HTX will coordinate a resolution. Earlier, Binance announced that it would stop processing transactions involving HTX, EXMO, and nine other platforms.

DeFiLlama founder 0xngmi said the team had spent months reporting a fake DeFiLlama app on the Apple App Store for trademark infringement and impersonation, but Apple did not remove it. The team then deposited a small amount of funds into a test wallet and used the app; after entering the seed phrase as instructed, the funds were stolen. After submitting evidence, Apple removed the app within days. 0xngmi said the attackers had also created similar fake apps targeting multiple major crypto brands.

1. Ethereum L1 to Abandon Poseidon, Shift to SHA or BLAKE Hash Schemes link
Justin Drake, researcher at the Ethereum Foundation, stated that the EF will no longer advance Poseidon as the hash scheme for Ethereum L1, and will instead adopt traditional hash functions such as SHA or BLAKE. Recent breakthroughs in binary‑field‑based SNARK design enable conventional hash functions including SHA2 and BLAKE2s to deliver SNARK‑performance comparable to Poseidon. This reduces reliance on specialized SNARK‑friendly hash functions and steers Ethereum toward a hash‑heavy post‑quantum cryptography roadmap. Drake noted that the EF post‑quantum team is pursuing development along this direction. The current roadmap targets a production‑grade leanVM in 2027, followed by deployments across the consensus, data and execution layers in 2028.
2. Robinhood Chain Becomes the Largest Network by NFT Trading Volume link
Robinhood Chain’s daily NFT trading volume hit $3.13 million, surpassing Ethereum to become the network with the largest NFT trading volume. The recent popularity of combinations of NFT, meme‑coin and RWA gameplay represented by StonkBrokers on Robinhood Chain has driven the surge in NFT trading volume on the chain, and the market cap of StonkBrokers NFT once exceeded that of BAYC.
Robinhood Chain recorded an average of 11.6 million daily transactions last week, hitting a new all‑time high and rising by roughly 30 % week‑on‑week. Its on‑chain total value locked (TVL) climbed to $473 million, representing a 32 % weekly increase. Nevertheless, daily active accounts grew by merely 3.3 % and remained 11 % below the peak recorded on July 16, indicating that the growth in trading volume and TVL has not translated into user‑base expansion. Meanwhile, the supply of USDe on Robinhood Chain has expanded from $17 million one month ago to $253 million, accounting for approximately 43 % of the chain’s total stablecoin supply and serving as a key driver of TVL growth.
3. Hyperliquid to Enable Auto‑Earn Native Lending Interest for Unused HLP Cash link
Hyperliquid founder Jeff announced that following the next network upgrade, HLP will automatically deploy USDC not utilized for market‑making into the HyperCore native lending pool to accrue interest. On‑chain data shows HLP currently holds approximately $188.7 million in TVL, of which around $148.7 million sits as idle cash in the main account, accounting for nearly 79 % of total capital, with another $40.06 million allocated across seven sub‑strategies. The Hyperliquid native lending pool presently has about $176 million in USDC supplied and $112 million borrowed, corresponding to a 63.7 % utilization rate, a 5 % annualized borrowing rate and roughly 2.87 % annualized supply yield. This move marks HLP’s evolution from a pool primarily for market‑making and liquidation purposes toward a multi‑strategy vault with automated capital allocation.
4. Uniswap Test Token Discovered by Market; Team Switches All Creator Fees to Buy‑and‑Burn link
Uniswap founder Hayden Adams stated that tokens created by the team during Pools trade testing were never meant to be discovered externally. All creator fees generated from Uniswap‑staff‑led tests have now been waived, and both past and future relevant fees will be routed to an auto‑buy‑and‑burn contract. Fees will be unlocked in ETH, and anyone may claim the ETH by burning the corresponding tokens. Adams added that he is considering opening this mechanism for other token deployers.
5. ENS DAO Passes Governance Proposal; ENS Foundation Becomes Formal Operator link
Ethereum Name Service (ENS) announced that token holders have passed and executed the “Next Era of ENS DAO” proposal, establishing the ENS Foundation as a formal operating body with a full‑time executive director, staff and a five‑member board of directors. The foundation will handle engagements with bodies including ICANN, IETF and W3C, advance work on the .ens top‑level domain, conduct regulatory outreach and manage brand protection, while ENS Labs will remain in charge of protocol and product development. The ENS tokens held by the DAO account for 54.6 % of the total supply and remain under token‑holder control; only a one‑time allocation of 1 million ENS has been transferred to the foundation to cover staff compensation under the established framework.
Transactions for the ENS Endowment will adopt an additional 9‑day timelock, and the ENS Security Council is empowered to block operations exceeding the foundation’s authorized scope. Foundation board directors are appointed and removed by token holders. The inaugural five‑member board comprises Executive Director Alexander Urbelis, ENS founder Nick Johnson, alongside Kartik Talwar, Brett Sun and Anthony Leutenegger.
6. Solana‑Based Lending Protocol Jupiter Launches Lend v2 link
Solana‑ecosystem lending protocol Jupiter has launched Lend v2, enabling deposited and borrowed assets to simultaneously serve as trading liquidity, so the same capital can generate both lending yields and swap fees. The new release includes optional Smart Collateral and Smart Debt features. Smart Collateral automatically deploys USDC, USDT, SOL or JupSOL into highly‑correlated liquidity pools, while Smart Debt lets borrowed assets accrue trading fees to offset part of borrowing costs. Jupiter Lend currently holds roughly $1.9 billion in deposits and around $823 million in active loans.
7. UniSat Raises Default Wallet Mnemonic From 12 to 24 Words; Existing Users Require No Urgent Migration link
UniSat has released its August 2026 security update. Browser‑extension wallet version v1.7.19 changes the default mnemonic length for newly‑created wallets from 12‑word to 24‑word, and optimizes wallet‑creation and mnemonic‑management workflows. UniSat states that this represents a long‑term security‑configuration upgrade. Existing 12‑word wallets remain BIP‑39‑compliant and do not require urgent migration solely due to the revised default setting. Multiple recent community‑submitted security reports have also been addressed via fixes or hardening measures based on impact scope.
8. 15 x402 Payment Service Providers Including Coinbase Each Violate At Least One Security Rule link
A study published at the 35th USENIX Security Symposium tested 15 major x402 payment service providers including Coinbase, Thirdweb, PayAI and Mogami, finding that every tested platform violated at least one security rule, with a total of 49 rule violations and 31 distinct vulnerabilities. The covered providers accounted for 99 % of x402‑transaction volume and 98 % of payment value during the study period, though this does not imply vulnerabilities exist for the same share of transactions. The research categorized risks as free‑of‑charge goods or‑service acquisition, asset theft, service disruption and gas‑fee abuse, and validated six attack paths under constrained conditions; researchers did not actually transfer provider‑held assets. Coinbase, PayAI and Mogami collectively acknowledged six vulnerabilities, some of which have been fixed while others remain in progress. The real‑world deployment scope of these fixes across live x402 infrastructure remains unclear.
9. MegaETH Native Stablecoin USDm Supply Plunges Over 95% From Peak to Around $18 Million link
The current supply of MegaETH‑native stablecoin USDm stands at around $18 million, representing a drop of over 95 % from its roughly $600‑million peak in May this year. Launched jointly by MegaETH and Ethena, USDm deploys its reserve capital into BlackRock’s BUIDL fund, with generated yields used for MegaETH token buy‑and‑burn operations. Based on the present $18‑million supply and a 3.6 % SOFR rate, Castle Labs estimates USDm can generate approximately $650,000 in annual yield, and attributes the sharp supply contraction to declining on‑chain usage on MegaETH.
10. World Liberty Financial Delays Revenue‑Sharing Token for Maldives Trump‑Branded Resort Amid Iran Conflict link
World Liberty Financial and its partners have postponed the digital‑token issuance tied to the Trump‑branded resort development in the Maldives. Originally scheduled for launch this spring, the token would have granted investors partial proceeds from financing loans for the resort. The rollout has been delayed amid regional‑travel disruptions stemming from the Iran‑related conflict, and no new launch date has been set. Developed by UK‑listed firm DAR Global, the project was intended as one of World Liberty’s flagship real‑world‑asset tokenization initiatives. The firm had previously also discussed tokenizing real‑estate properties, investment funds, oil and gold.
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CZ: Crypto Illegal Activity Rate Is 100x Lower Than Traditional Finance
On July 31, 2026, Binance founder CZ said in an interview at the ASEAN Tech Summit that the crypto industry has long faced criticism over illegal transactions, but the data tells a different story. According to the figures discussed, illegal activity accounts for around 0.0014% of crypto transactions, far below the 2%–5% estimated for traditional finance.
CZ argued that blockchain’s transparency and traceability make fund flows easier to analyze and monitor. He emphasized that criminal activity should be separated from the technology itself: just because criminals use banks or fiat currencies does not mean the banking system or currencies themselves are the problem.

Cosmos ecosystem wallet Cosmostation announced it will discontinue its wallet services. Starting September 1, Cosmostation Wallet will retain only seed phrase and private key export functions, while all other features will be gradually discontinued across its iOS, Android, and Chrome extension versions, with the app itself eventually shutting down. Cosmostation has operated since 2018 and ranks second in the Cosmos ecosystem by market share.

According to The Block, the SEC published a notice on August 14 stating that Cboe BZX Exchange had filed a proposed rule change to list and trade Volatility Shares' 3x Bitcoin ETF and 3x Ether ETF, which could become the first triple-leveraged Bitcoin and Ether ETFs in the United States.
The two funds would primarily use CME Bitcoin and Ether futures to seek three times the daily performance of their respective underlying assets. Because Cboe's generic listing standards prohibit leveraged products, the proposed listings require separate SEC approval. The same filing also covers 3x leveraged ETFs tied to gold, silver, crude oil, and natural gas. The application was filed on August 10 and has not yet been approved.

Galaxy Research stated that the likelihood of the U.S. crypto market structure bill, the CLARITY Act, passing in 2026 is declining. Uncertainty surrounding the legislation has prompted the SEC and CFTC to accelerate administrative measures, including rulemaking, interpretive guidance, and regulatory exemptions, to provide clearer rules for digital asset issuance, trading, and market oversight. Galaxy noted that these measures could temporarily fill regulatory gaps while legislation remains stalled, but they lack the legal durability of formal legislation and could be revised or reversed by a future administration. As a result, they cannot replace a long-term regulatory framework established by Congress.

Grant Cardone: How the Wealthy Use Real Estate and Bitcoin to Cut Taxes
Grant Cardone, CEO of U.S. real estate investment firm Cardone Capital, said in an August 8 interview with DraperTV that Bitcoin is "real estate without the tenants or property taxes." He explained how wealthy people operate: instead of selling assets, they borrow against them.
In real estate, rising rents can allow an owner to refinance roughly every seven years, recover the original capital while still keeping the property, and pay no income tax on the refinancing proceeds. Cardone said he is combining this model with Bitcoin, using real estate projects to fund Bitcoin investments while also generating cash flow and tax write-offs.

The U.S. Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for World Liberty Trust Co. to become a national trust bank. The company plans to take over from BitGo as the exclusive issuer and custodian of World Liberty Financial’s USD1 stablecoin for institutional clients nationwide, while also providing digital asset custody services to institutional clients. World Liberty Trust does not intend to become a federally insured depository institution or a “bank” under the Bank Holding Company Act, and it does not plan to seek access to a Federal Reserve master account. Final approval remains subject to preopening requirements.

Bank Leumi, Israel’s largest bank, will become the country’s first bank to offer digital asset trading, allowing Leumi and PEPPER customers to buy, hold and sell Bitcoin, Ether and Solana directly through its Leumi Trade app starting in early 2027. The service will use GalaxyOne Institutional for trading and Galaxy’s custody infrastructure for safekeeping.

Upbit operator Dunamu reported Q2 revenue of KRW 173.5 billion ($123 million) and operating profit of KRW 23.5 billion ($16.7 million), down 26.1% and 73.3% quarter over quarter, respectively. Net profit was KRW 39.0 billion ($27.6 million), down 60.0% year over year. For the first half, operating profit fell 79.7% year over year to KRW 111.5 billion ($79 million). Dunamu attributed the decline to weaker liquidity and cooling investor sentiment across the global crypto market.

StablecoinX, the Nasdaq-listed Ethena treasury company, reported holding approximately 3 billion ENA as of June 30, worth about $218.4 million and representing roughly 20% of total supply. The company posted a Q2 net loss of $34.2 million, driven mainly by $36.2 million in digital-asset impairment charges. Total assets stood at about $232.6 million, including $18.9 million in cash and cash equivalents.

Pump fun co-founder explains why they hardly communicate with the community?
On August 8, 2026, during an interview with Crypto Insider, Pump fun co-founder Noah Tweedale admitted that reducing social media communication after the team raised funds was a mistake, and the market had priced this negatively. However, he believed that CZ does not make weekly updates on BNB's progress, and even if Brian Armstrong communicates publicly, the frequency might not meet the expectations placed on the Pump fun team at the time.
Noah Tweedale stated that during a continuous decline in token prices, the market easily forms a self-reinforcing negative loop: falling prices trigger public doubts about the authenticity of the project's revenue, and such doubts put further pressure on the price. Although the team did not stop long-term building during this time, they may have overlooked the importance of communication.

Binance announced that, following recent regulatory developments, it will stop processing transactions involving certain crypto-asset service providers and platforms. Restrictions on Shelbit and Aban Tether Exchange took effect on August 7, while A7 Nigeria, A7 Africa and PilotFinance Ltd were restricted from August 13. Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode, HTX (Huobi Global SA) and EXMO Ltd will be restricted from August 23. Binance said transactions attempted after the effective dates may be held for compliance review, with related wallets potentially subject to restrictions.