1. Popular Tokens on CEXs
Top 10 CEX Trading Volume and 24h Change:
- BTC: -1.79%
- ETH: -2.48%
- XRP: -2.28%
- SOL: -1.16%
- BNB: -0.96%
- TRX: 0.12%
- DOGE: -0.03%
- LINK: 2.39%
- ZEC: -3.84%
- ADA: -3.24%
24h Top Gainers (Data source: OKX):
- LSK: 13.74%
- GODS: 11.36%
- LUNA: 10.16%
- ASP: 10.15%
- xUSAR: 7.83%
- CSPR: 7.26%
- LQTY: 7.16%
- DGB: 6.90%
- BABYDOGE: 6.65%
- FLOW: 6.56%
24h Top Crypto & Equity Gainers (Data source: msx.com):
- VELO: 26.1%
- CRWV: 18.52%
- SIDU: 13.3%
- NBIS: 13.25%
- NCLD: 12.56%
- BWET: 11.46%
- AEHR: 10.83%
- ONTO: 10.16%
- DXYZ: 10.06%
- SKUU: 9.68%
2. Top 5 On-chain Meme Tokens (Data source: GMGN):
- BOT
- Mario64
- Plumber
- ORANGE
- Lenny
Headlines
US SEC to Hold Meeting, Proposes Allowing Crypto Projects to Raise Funds Without Full Securities Registration
The U.S. Securities and Exchange Commission (SEC) will hold a public meeting on August 14 to consider proposing a "Regulation Crypto" rule framework that would allow certain crypto projects to raise funds without completing full securities registration. If public comment is initiated, this would mark the SEC's first formal, long-term rulemaking specifically for the crypto industry. The framework proposes a path to exit SEC oversight: if project developers stop actively managing the project after fundraising and the project achieves decentralization, it could be released from SEC jurisdiction. SEC Chair Paul Atkins previously stated that the relevant exemption period could last up to four years, but the announcement did not disclose fundraising thresholds. The U.S. Senate did not advance the Digital Asset Market Clarity Act before its August recess. The final rule will still take several months to complete, with the meeting scheduled for 10:00 AM ET on August 14.
U.S. District Judge Rules Kalshi Sports Contracts Are Not Swaps; CFTC Lacks Exclusive Jurisdiction
Judge Vernon D. Oliver of the U.S. District Court for Connecticut dismissed Kalshi's motion for a preliminary injunction, ruling that its sports event contracts do not constitute swaps under the Commodity Exchange Act. The CFTC therefore does not have exclusive jurisdiction over them.
The ruling noted that sports event contracts account for 80% to 90% of Kalshi's listed contracts and revenue, and that the CFTC has never reviewed any of these contracts under the relevant special rules. Oliver held that match outcomes are event outcomes, not separate events.
Industry News
CFTC Orders Kalshi to Continue Operating Prediction Market in New York After State AG Lawsuit
The U.S. Commodity Futures Trading Commission (CFTC) announced it has directed prediction market operator Kalshi to continue operating in New York. This follows a lawsuit filed against the company by New York Attorney General Letitia James in late July seeking to shut down the platform.
The CFTC stated that after Kalshi sought assistance, the regulator invoked its "emergency powers" to require the company to continue operations.
Bitwise Cuts 14% of Staff, Manages Approximately $9 Billion in AUM
Digital asset manager Bitwise Asset Management has reduced its workforce from approximately 180 to about 155 employees, a reduction of roughly 14%. The company said the adjustment comes during a period of sustained weakness in digital asset prices. Bitwise CEO Hunter Horsley stated that even after the layoffs, the company's headcount remains the highest in its eight-year history, and he expects continued business growth as cryptocurrency becomes further integrated into the global economy.
Bitwise currently manages over 70 products, including ETFs, private funds, and separately managed accounts. Its Bitcoin ETF holds approximately $2.3 billion, and the company's total AUM is around $9 billion.
Technical Vulnerability: Different COLDCARD Mk3 Devices May Generate Identical Seed Phrases; ~4.5 Million Starting States Searchable in 3 Seconds
Bitcoin News reported that a new technical analysis released by @KLoaec shows that some vulnerable COLDCARD Mk3 wallets may be generated from only ~4.5 million possible RNG starting states, which can be searched in approximately 3 seconds on a single RTX 4090 GPU. Even accounting for additional uncertainty in how each wallet is generated, an attacker could complete the search in about 50 minutes on a single high-end GPU. More seriously, this vulnerability could cause different devices to generate identical seed phrases.
Project Updates
Daily Active Users Hit All-Time High; Hyperliquid's Weekly Average DAU Reaches 96,030
HyperliquidNews reported that Hyperliquid averaged 96,030 daily active users over the past week.
All-Time High: Robinhood Chain Processes 11.6 Million Daily Transactions Last Week
Robinhood Chain's average daily transaction volume reached 11.6 million last week, an all-time high and up approximately 30% from the prior week. Total value locked reached $473 million, up 32% week-over-week. Daily active accounts grew 3.3% sequentially but remain 11% below the July 16 peak. Among on-chain stablecoins, USDe reached $253 million, accounting for approximately 43% of total on-chain stablecoins; a month ago, USDe stood at $17 million. Robinhood's native USDG had previously dominated.
Prediction Market Platform Kalshi Surpasses $4 Billion in Annualized Revenue
Prediction market platform Kalshi has surpassed $4 billion in annualized revenue and is seeking a $40 billion valuation.
Tether-Backed 21 Capital Posts $410 Million Q2 Loss, Dragged Down by Declining BTC Holdings Value
Twenty One Capital (NYSE: XXI), the Bitcoin treasury company backed by Tether, reported its Q2 2026 financial results, recording a net loss of $413.5 million, primarily driven by the decline in value of its Bitcoin holdings.
The earnings report shows that approximately $401.5 million of Twenty One Capital's Q2 loss came from the decline in the book value of its Bitcoin assets. As the company uses Bitcoin as its core asset allocation, BTC price fluctuations directly impact its financial performance.
