on-chain analyst Yu Jin posted on social media that the story of insider trader qwatio may have come to an end. 40 minutes ago, he also blew up his short position on ETH with the last $475,000 on GMX.

the blockchain data analysis company CryptoQuant pointed out that after Bitcoin hit a historical high of $123,000 last month, there are signs of short-term consolidation or mild downside risks.

Boston Fed President said, I still think there will be a rate cut this year.

 according to @BitcoinMagazine, the US gas station giant Sheetz announced that customers can enjoy a 50% discount when paying with Bitcoin and other cryptocurrencies, and this offer is "valid every day".

Binance announced that it will launch two perpetual contracts on August 8, 2025: YALAUSDT (0:30 AM Beijing time on August 8) and CARVUSDT (0:45 AM Beijing time on August 8), both supporting up to 50x leverage.

according to Arkham monitoring data, about 1 hour ago, BlackRock transferred 9077 ETH from its hot wallet address on Coinbase Prime to its Ethereum exchange-traded fund ETHA, and transferred 363.364 BTC to its Bitcoin exchange-traded fund IBIT, with a total value of 77.3 million dollars.

Musk tweeted that Grok Imagine has launched the Android Grok application, opening up AI video and image creation capabilities.

according to official sources, trading of TaleX (X) on Binance Alpha will open on August 7, 2025 at 11:00 (UTC).

"Debt King" Bill Gross, who made millions of dollars by shorting GameStop and AMC in 2021, said that the current market performance of GameStop is no longer like a "meme stock", but instead the trend is becoming more and more similar to Bitcoin. From early January to early April this year, the price of Bitcoin fell, and at that time the GameStop stock price also declined. However, Bitcoin has now rebounded to above $110,000. GameStop announced at the end of May this year that it had made its first purchase of Bitcoin, currently holding about 4,710 Bitcoins, worth approximately $537 million.

according to NLNico, Union Jack Oil and Reabold Resources plan to use idle natural gas at West Newton through 360 Energy for Bitcoin mining. Union Jack Oil sees this as part of its future Bitcoin reserve strategy. Reabold Resources believes that mining can achieve a higher return on investment compared to directly buying Bitcoin.

according to Cointelegraph, the cryptocurrency exchange Coinbase will start charging a fee of 0.1% for converting USDC to USD for net exchange amounts exceeding $5 million within 30 days starting from August 13th.

the cybersecurity company SentinelLABS announced that it has discovered a series of cryptocurrency scams, in which hackers spread malicious smart contracts disguised as trading robots to steal funds from cryptocurrency wallets.

according to the announcement of the UK listed company ECR Minerals plc (LON: ECR), the board of directors of the company has approved a Bitcoin and digital asset financial management policy. According to this policy, ECR will hold a portion of digital asset reserves through its wholly-owned subsidiary ECR Digital Limited.

 spot gold broke through $3390 per ounce, rising 0.63% intraday. (Jinshi)

according to the official announcement, Binance Alpha and contracts will launch INFINIT (IN): Alpha trading opens: August 7, 2025 17:00 (UTC+8). Contract trading opens: August 7, 2025 18:30 (UTC+8).

Laser Digital, a cryptocurrency trading subsidiary of Japan's Nomura Bank, has obtained the first over-the-counter (OTC) cryptocurrency options limited license under the Dubai Virtual Assets Regulatory Authority (VARA) pilot framework. With this license, Laser Digital will become the first institution under VARA regulation to provide over-the-counter cryptocurrency options services directly to customers.

Gaccording to foreign media analysis, if US President Trump chooses Kevin Hassett or David Malpass to succeed Kugler as a Federal Reserve Board member, the dollar may weaken. This is because Hassett and Malpass are seen as more dovish than the other popular candidate for the position, Kevin Warsh. Trump will announce who will replace Kugler's position by the end of this week, and this candidate may also become the successor to Powell as Chairman of the Federal Reserve. Trump has narrowed down the candidates to four people: Hassett, Malpass, Warsh, and current Federal Reserve Board member Waller. Regardless of who Trump ultimately chooses to replace Kugler, the candidate is likely to advocate for the Federal Reserve to cut interest rates by more than 25 basis points in September.

the game development studio SuperGaming has completed a $15 million Series B financing round, led by Skycatcher and Steadview Capital, with participation from a16z Speedrun, Bandai Namco 021 Fund, Neowiz, and Polygon Ventures. The company's current valuation has reached $1 billion.

the UK Financial Conduct Authority has lifted the ban on the issuance of crypto exchange-traded notes (cETNs) to retail investors, a move welcomed by industry leaders as a step towards aligning the UK with the global cryptocurrency market and solidifying its position as a digital asset hub.

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