深潮 TechFlow

Deep Tide TechFlow message: On August 21, according to Cointelegraph, the House Financial Services Committee of the U.S. Congress has advanced the (Crypto Regulation without Clarity Act) bill. CFTC (Commodity Futures Trading Commission) Chair Rostin Benham publicly criticized the proposal, saying that although it attempts to classify cryptocurrencies as commodities and divide SEC and CFTC jurisdiction, it does not establish clear regulatory boundaries.
Benham said the bill leaves too many gaps in the key allocation of authorities, which is expected to result in inconsistent enforcement standards among regulators, driving up compliance costs and market uncertainty. He emphasized that resolving regulatory disputes requires Congress to enact clear statutory provisions rather than indefinitely delegating enforcement power to federal agencies.

Deep Tide TechFlow message: On August 21, according to CoinDesk, Caroline Pham, chair of the U.S. Commodity Futures Trading Commission (CFTC), recently issued a formal notice to internal staff instructing that, in the event that Congress fails to timely pass key crypto legislation, the CFTC should initiate the drafting of regulatory rules targeting the digital asset market.
Pham emphasized that although institutions still expect breakthroughs at the legislative level, if the so-called Lummis-Smith Clarity Act cannot take effect on schedule, in order to prevent a prolonged regulatory gap—especially in high-risk areas such as stablecoins—the CFTC must use its existing authorities under the (Commodity Exchange Act) to intervene. It is understood that Pham has asked staff to come up with preliminary regulatory proposal drafts as soon as possible, ensuring that there is still a framework to follow in the absence of clear federal legal guidance.

Deep Tides TechFlow message: On August 21, according to Cointelegraph, boosted by news that the total amount of U.S. Treasury debt first surpassed $4 trillion, the cryptocurrency market saw a notable rally. According to CoinGecko data, as of early Thursday, Bitcoin (BTC) spot was trading at about $72,600. It rose 6% over the past 24 hours and gained a total of 15% over the past week.
On the market liquidity front, the U.S. Treasury announced it would double the size of repo operations for long-term Treasuries in the 10- to 30-year maturity range in order to cushion Treasury market selloffs and lower yields. The minimum amount for a single operation would be at least $4 billion. Several research institutions said that this type of intervention in long-term Treasuries reduces yields in the short term and alleviates pressure from a strengthening U.S. dollar. Meanwhile, as concerns grow about fiat purchasing power driven by rising debt costs, analysts noted that this further strengthens Bitcoin’s long-term demand as a scarce, non-sovereign asset for safe-haven purposes.

Deep Tide TechFlow message: On August 20, according to Cointelegraph, cybersecurity company Rapid7 disclosed a crypto-phishing campaign called “Operation Asterix.” The attack targets approximately 885,000 phone numbers and aims to lure users to visit fake wallet apps or websites such as Ledger, Trezor, and Exodus to steal seed phrases and crypto assets.
Rapid7 said that the activity had matched 5,576 Binance user accounts and verified 43,066 cryptocurrency exchange-related accounts from a dataset of 316,000 phone numbers in Germany, with a hit rate of about 13.6%. The report also shows that the attackers contacted victims using spoofed customer service emails and phone calls, and made extensive use of AI tools throughout the attack process.

Deep Tide TechFlow news: On August 20, according to CoinMarketCap data, the top 100 crypto tokens by market capitalization today performed as follows:
Top five gainers:
Monad (MON) up 19.63%, current price $0.02638;
Hyperliquid (HYPE) up 19.43%, current price $73.19;
Pump.fun (PUMP) up 18.58%, current price $0.00366;
Pepe (PEPE) up 16.67%, current price $0.000003172;
XRP (XRP) up 16.65%, current price $1.25.
Top five losers:
MemeCore (M) down 2.01%, current price $1.20;
XDC Network (XDC) down 1.96%, current price $0.02774.

Deep Tide TechFlow news: On August 20, according to CoinDesk, Bitcoin has recently risen to above $71,000. Its gain over the past week has exceeded 12%, prompting market attention on whether it will form a “golden cross” technical pattern. If the 50-day simple moving average continues to rise and breaks above the 200-day simple moving average, it will be viewed as a signal of improving long-term momentum.
Currently, the price of Bitcoin is slightly above the 200-day moving average. Historically, the golden cross occurrences in February 2023, October 2023, October 2024, and April 2025 were all followed by subsequent upside in Bitcoin prices. However, the article notes that the current rally may still just be a rebound; if the price falls back below the 200-day moving average, the judgment that the long-term trend is turning bullish could be weakened.

Deep Tide TechFlow news: On August 20, according to Bitget market data, during intraday trading in the U.S. stock market, Nasdaq 100 constituent stocks saw mixed movements. Crypto-related stocks and storage-related equities performed strongly, while some technology, consumer, and healthcare stocks experienced pullbacks.
In terms of price growth, Strategy (MSTR.O) rose 7.26%, one of the largest publicly listed companies globally by held Bitcoin; Lumentum (LITE.O) rose 3.91%, focusing on optical communication components and laser products; Seagate Technology (STX.O) rose 2.87%, a major global supplier of data storage equipment; Marvell Technology (MRVL.O) rose 2.27%, mainly providing data center, networking, and custom AI chip solutions; Western Digital (WDC.O) rose 2.06%, primarily engaged in storage devices and data infrastructure products; Micron Technology (MU.O) rose 1.97%, a leading global supplier of DRAM and NAND flash memory chips.

Deep Tide TechFlow message: On August 20, the hardware wallet Coldcard released a new firmware. The Mk4/Mk5 version is 5.6.1, and the Q version is 1.5.1Q. This update was released after three weeks of continuous review following the July 31 hotfix, and it responds to users who previously suffered serious financial losses due to a seed generation attack.
The new firmware requires that each newly generated seed must introduce a user entropy source, including at least 65 keypresses, 50 physical dice rolls, or 128 physical coin tosses, and use it in combination with the STM32 true random number generator, SE1, and SE2 new entropy. In addition, the update includes phased PSBT verification before signing, enhanced boundaries for USB and firmware updates, improved Delta mode isolation, fixed the active wallet backup issue, strengthened random number generator initialization and failure checks, and safer default SIGHASH settings, among other changes.