Paul Atkins, chairman of the U.S. Securities and Exchange Commission, announced that the agency will take swift action to implement the President's Working Group's recommendations on cryptocurrency regulation. This move aims to promote innovation in the digital asset market and provide greater clarity. Specifically, the plan seeks to shift from an enforcement-led regulatory approach to a rule-based approach, striking a balance between protecting investors and promoting technological progress. It is worth noting that Atkins revealed this news at the Wyoming blockchain seminar. At the core of this vision is the President's Digital Assets Group, which will lead the next phase of U.S. digital asset regulation.

a new proposal has been made to build Ronin as an L2 chain based on Arbitrum Orbit. With the Ronin team planning to migrate the current gaming chain to a fully Ethereum-compatible Layer 2 by 2026, this proposal has emerged. According to the proposal, Arbitrum has unique advantages in helping Ronin "return" to Ethereum: Arbitrum has a dedicated Web3 gaming investment department, so Ronin as an L2 on the Orbit chain will not only receive technical support, but Arbitrum will also become a deeper partner. Ronin L2 will use RON as the Gas token and will be supported by Arbitrum Gaming Ventures.

 ChainCatcher news, according to Jinshi report, Lombard Odier strategist expects the US dollar to weaken further, and has downgraded the view from neutral to negative. Despite a slight increase in US inflation, both corporate hiring and layoffs are not significant, and market consensus is gradually approaching expectations of three interest rate cuts by the Federal Reserve this year. The strategist said that lower US interest rates will weaken the yield advantage of the US dollar, and the cost of hedging is also weakening demand for the US dollar. 

the investment department of the risk investment company Andreessen Horowitz (a16z) focused on cryptocurrencies pointed out that modern encryption technologies such as zero-knowledge proofs can protect user privacy while enabling law enforcement agencies to effectively combat criminals. In a report released on Tuesday, Aiden Slaven, policy partner of a16z Crypto, and regulatory legal advisor David Sverdlov stated that zero-knowledge proofs can verify the authenticity of data without revealing any detailed private information. They believe that this technology, by showing the source of funds without disclosing private information, has the "greatest potential".

 according to Google Trends data, the global search popularity of the term "altseason" has dropped from 100 on August 13 to the current 18 due to the continuous decline of Bitcoin and altcoins in the past six days.

 according to NLNico, H100 Group has purchased 102.19 BTC and currently holds a total of 911.29 BTC.

Matrixport released daily chart analysis, stating that in the past 18 months, our cryptocurrency concept stock index has clearly outperformed Bitcoin. However, with the recent pullback in the stock prices of leading companies such as MicroStrategy, Coinbase, and Metaplanet, the index is beginning to show signs of a pullback. The cooling of buying interest in Circle after its listing further confirms the lack of momentum in new stock market trends.

 Switzerland-based alternative investment firm Syz Capital announced the re-launch of its Bitcoin Alpha fund, focusing on cryptocurrency, and plans to raise $200 million in Bitcoin. It is reported that the fund has raised about 1800 Bitcoins, with a target of 2000 Bitcoins, and the tentative re-launch date is October 1, 2025. Currently, Syz Capital has assets under management of about $2 billion, and the proposed Bitcoin Alpha fund will target investors holding Bitcoin and looking to use it for market-neutral strategies.

 MainSky Asset Management Company stated that Federal Reserve Chairman Powell is expected to open the door to a rate cut in September at the upcoming Jackson Hole Symposium. Unlike last year's meeting, this time the rate cut is expected to be only 25 basis points. MainSky predicts that there will be at least one more rate cut in the fourth quarter of this year.

 according to Lookonchain monitoring, as the ETH/BTC ratio fell, the whale 0x6e17 exchanged 3,900 ETH (worth $16.26 million) for 143.26 WBTC at a rate of 0.03673.

US Treasury Secretary Yellen is betting that the cryptocurrency industry will become a key buyer of US government bonds in the next few years, as the US government is currently seeking support for the demand for massive new bonds. Sources familiar with the matter said that Yellen has sought information from major stablecoin issuers such as Tether and Circle, and these discussions have affected the Treasury Department's plans to increase sales of short-term Treasury bills in the coming quarters. The US Treasury Department hopes that stablecoins will become a key source of demand for US government bonds, which is also the latest sign of the White House pushing cryptocurrencies into the core of the US financial system. Jay Barry, global head of interest rate strategy at JPMorgan Chase, one of the largest bond traders in the US market, said: "(Secretary Yellen and the Treasury Department) absolutely believe that stablecoins will become a true source of new demand for US bonds. This is absolutely the reason he (feels reassured about increasing the proportion of short-term debt issuance)." 

 due to the failure of Ethereum prices to break through the resistance level as scheduled, a new decline has appeared. Analysis believes that the bearish pressure in this round of the market seems to be mainly driven by large hedge funds. These hedge funds continue to short ETH in record numbers and attempt to lower the ETH price to stop losses. According to the data on the "CME Ether Futures Net Position" dashboard on The Block, the number of Ethereum shorts has risen to unprecedented levels. For hedge funds alone, the short positions in August almost doubled: on August 5, the total amount of Ethereum shorts driven by hedge funds was $2.3 billion, however, this number has quickly increased to $4.19 billion recently, indicating that hedge funds continue to expect Ethereum prices to fall.

the latest research report from Bank of America has deeply analyzed the potential revolutionary power of stablecoins in the financial system, pointing out that this digital asset, despite facing regulatory controversies, has already shown unique advantages in areas such as cross-border transactions and retail settlements. The research report clearly states that cross-border peer-to-peer (P2P) payments are the most disruptive application scenario for stablecoins - compared to traditional banking systems, their settlement efficiency and cost advantages are significant, and they may become an important channel for the flow of funds in emerging markets. It is worth noting that Shopify's move to allow merchants to accept USDC stablecoins has been seen as a landmark event in retail penetration, while the recent tokenization of UST bonds completing repurchase transactions on-chain further highlights institutional investors' recognition of stablecoin settlement functions. In terms of market demand, Bank of America estimates that the potential demand for stablecoins for US Treasury bonds in the next 12 months could reach $25 billion to $75 billion, but in the short term, it is not enough to reverse the supply-demand situation in the bond market.

as reported by Cointelegraph, the stock price of Strategy (MSTR) fell by 7.43% yesterday, closing at $336.57, the lowest level since April 17.

according to Coinglass data, in the past 24 hours, a total of 73,000 Ethereum has flowed into CEX, with the top three CEX in terms of inflow as follows:

the market shows SOL falling below $180, now trading at $179.98, with a 24-hour increase of 0.16%. The market is volatile, please manage risks.

Binance will launch the Plume (PLUME) airdrop activity at 13:30 on August 20, 2025, and super rebate members can share 380,000 PLUME. The event will take place from August 20, 2025 to August 27, 2025, and participation requirements include inviting friends to register and complete transactions. For more details, please check the event page.

7:00-12:00 Keywords: Besant, Powell, Intel

Federal Reserve Board Member Bauman: De-banking is an issue in the financial system.

according to official sources, decentralized trading aggregator 1inch has announced the launch of native cross-chain exchange functionality, supporting the exchange of assets between Solana and over a dozen Ethereum EVM networks. This new feature does not rely on cross-chain bridges and can be used in 1inch dApp, wallets, and Fusion+API.