Author: TechFlow
Yesterday's Market Dynamics
Federal Reserve Plans to Cancel Regulatory Plans for Bank Crypto and Fintech Activities
According to Bitcoin Magazine, the Federal Reserve plans to cancel its specialized regulatory plans for bank cryptocurrency and fintech activities.
S&P Dow Jones Indices Plans to Launch Tokenized Index Products
According to Cointelegraph, S&P Dow Jones Indices is discussing collaboration with major exchanges, custodians, and decentralized finance protocols to launch tokenized versions of benchmark index products. The company had already collaborated with Centrifuge earlier this year, authorizing its tokenization of the S&P 500 index.
Company director Stephanie Rowton stated that this move aims to establish a robust infrastructure supporting index token trading. The plan primarily considers factors such as transparency, security, and regulatory compliance, and may potentially extend to tokenization of other flagship indices like the Dow Jones Industrial Average.
First Multi-Lateral Central Bank Digital Currency Bridge Business Lands in Xiong'an New Area
According to the Xiong'an Release public account, under the guidance and support of the People's Bank of China Xiong'an New Area Branch, the Industrial and Commercial Bank of China Hebei Xiong'an Branch successfully handled the first multi-lateral central bank digital currency bridge business for the China National Chemical Group Finance Company, combining the digital currency bridge and cross-border integrated capital pool functions.
Story Co-Founder Jason Zhao Resigns from Full-Time Position, Transitions to Strategic Advisor Role
Jason Zhao announced on social platform X that after creating the Story project for 3.5 years, he will resign from his full-time position and transition to a strategic advisor role, focusing on his new project Poseidon, which applies artificial intelligence to frontier fields such as science and space.
Kraken Suspends Monero Deposits, Withdrawals and Trading Remain Open
According to Cointelegraph, due to the 51% attack threatening network security, crypto exchange Kraken announced the suspension of Monero deposits as a security precautionary measure, while withdrawals and trading remain open. They will restore deposit functionality after confirming network security.
Crypto Exchange Gemini Publishes IPO Prospectus
According to The Block, Gemini publicly released its S-1 prospectus on August 15, planning to list on the Nasdaq with the stock ticker "GEMI". Goldman Sachs, Citigroup, Morgan Stanley, and Kaiyuan will serve as lead underwriters.
Financial data shows Gemini's net loss in the first half of 2025 was $282.5 million, significantly expanding from the $41.3 million loss in the same period of 2024. For the entire year 2024, the company recorded a net loss of $158.5 million with revenues of $142.2 million.
Notably, Gemini has reached a credit line agreement with Ripple up to $75 million, payable through Ripple's RLUSD stablecoin, which can be extended to $150 million.
Nano Labs Announces First Half Financial Report: Currently Holding Over 128,000 BNB
Nano Labs (Nasdaq: NA) released its unaudited financial report for the first half of 2025. The report shows the company's net income was 8.3 million yuan, with net loss narrowing to 11.8 million yuan, a year-on-year reduction of 80%.
The company's crypto asset strategic reserve made significant progress, currently holding over 128,000 BNB, and realized a fair value change income of 48.6 million yuan during the period. As of June 30, 2025, the company's cash and cash equivalents were 363 million yuan.
Nano Labs Chairman Kong Jianping stated that the company will continue to strengthen its cryptocurrency strategic reserve model through multiple methods to seize new market opportunities.
Hong Kong Securities Firm Mango Financial Announces Launch of Digital Currency Strategy and Will Purchase BTC
According to Globenewswire, licensed Hong Kong securities firm Mango Financial announced the launch of a digital currency strategy, introducing cryptocurrencies into its financial business. The company's board has approved using part of its own capital to allocate digital currency assets, initially focusing on Bitcoin and gradually exploring blockchain innovation applications in its service areas, such as researching stablecoin applications in cross-border payment settlements to supplement existing business lines with financial technology.
OpenAI Successfully Raises Over $8 Billion, Subscription Demand Strong
According to Golden Ten Data, a person familiar with the transaction revealed that OpenAI has successfully raised $8.3 billion in a new round within its total $40 billion financing plan. This financing comes as the company's business accelerates. The source disclosed that OpenAI's annualized recurring revenue has risen from $10 billion in June to $13 billion, with expectations to exceed $20 billion by year-end. Additionally, ChatGPT's paid enterprise users have rapidly grown from 3 million to 5 million in recent months. This round of fundraising was completed ahead of schedule, with subscription demand five times oversubscribed.
Michael Saylor Again Releases Bitcoin Tracker Information, May Disclose Additional Purchases Next Week
Michael Saylor again posted Bitcoin Tracker information on X platform, potentially disclosing additional purchase data next week, writing: "Orange quantity insufficient".
This Week ZRO, KAITO, SOON and Other Tokens Will Face Large Token Unlocks, Total Value Exceeding $100 Million
Token Unlocks data shows multiple tokens will face large token unlocks this week, with a total value exceeding $100 million. Tokens with unlock values over $1 million include:
ZRO will unlock 25.71 million tokens on August 20, valued around $55.02 million, representing 8.53% of circulating supply;
KAITO will unlock 23.35 million tokens on August 20, valued around $25.92 million, representing 10.87% of circulating supply;
SOON will unlock 41.88 million tokens on August 23, valued around $11.77 million, representing 13.04% of circulating supply;
AVAIL will unlock 220.24 million tokens on August 23, valued around $3.99 million, representing 7.67% of circulating supply;
PIXEL will unlock 91.18 million tokens on August 19, valued around $3.19 million, representing 4.54% of circulating supply;
IOTA will unlock 15.16 million tokens on August 20, valued around $3.17 million, representing 0.42% of circulating supply;
ZKJ will unlock 15.53 million tokens on August 19, valued around $3.10 million, representing 4.37% of circulating supply;
ID will unlock 12.65 million tokens on August 22, valued around $2.10 million, representing 1.10% of circulating supply;
NEWT will unlock 6.25 million tokens on August 24, valued around $2.05 million, representing 1.96% of circulating supply;
EIGEN will unlock 1.29 million tokens on August 19, valued around $1.80 million, representing 0.48% of circulating supply;
DMC will unlock 387.10 million tokens on August 21, valued around $1.71 million, representing 11.34% of circulating supply;
ANIME will unlock 66.43 million tokens on August 23, valued around $1.19 million, representing 1.15% of circulating supply.
Market Dynamics
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