8.6 AI Daily Crypto Assets Industry Changes: New Opportunities and New Challenges Coexist

1. Headlines

1. The Ministry of State Security of China has named foreign companies for iris collection activities, raising concerns about privacy and security.

The public account of the Ministry of State Security of China pointed out that there have been public cases showing that a certain overseas company has induced global users to provide iris information by issuing cryptocurrency tokens, and has transferred the related data sources, posing a potential threat to personal privacy security and national security.

Although not named directly, the operational model points to the OpenAI CEO Altman's founded project (now renamed World). This project has been banned in Kenya due to its iris scanning for WLD token exchange model, and deemed illegal in Hong Kong, facing crackdowns from multiple countries including France, Portugal, Spain, Brazil, and South Korea. WLD is currently priced at $0.94, down 45% this year, having evaporated 90% from its peak, and regulatory risks in China could trigger further collapse.

Privacy experts point out that once biometric data such as iris patterns are leaked, they cannot be changed, posing significant risks. The collection of global iris data has sparked widespread skepticism and is seen as an abuse of user trust and a violation of privacy rights. This time, Chinese regulatory authorities have made a clear statement, which may trigger global regulatory attention to this issue and strengthen oversight of similar behaviors.

2. Trump's tariff restart raises concerns about stagflation, and the Federal Reserve is caught in a policy dilemma.

Last week, U.S. President Trump signed the "Genius Act," representing a significant turning point for the cryptocurrency business, as the act provides regulatory certainty for cryptocurrencies. However, Trump also restarted the trade war with China, raising concerns about stagflation.

The TIPS market ( has a market capitalization of 2.1 trillion USD. ) is highly dependent on the credibility of CPI data; if trust wavers, it could become the first explosion point in the US Treasury market. TIPS have performed strongly this year, reflecting that inflation expectations remain high, and the market is highly focused on next week's CPI report. Short-term US Treasury yields have plummeted as investors bet that the Federal Reserve will cut interest rates earlier.

In terms of cryptocurrency, BTC's recent performance has been affected by macro uncertainties. $112,000 serves as short-term support; if it falls below this level, it could trigger a chain liquidation, and short-term pressure remains significant. Analysts recommend that investors closely monitor the support range of $112,000 to $113,000, and if it is lost, strict risk management should be implemented.

3. The wave of Ethereum re-staking is rising, and the yield is expected to exceed 8%.

Ethereum re-staking ( is becoming a hot topic. Re-staking allows holders to earn an annual yield of 8-12%, compared to the traditional 4% staking, while simultaneously securing multiple blockchain services.

The key to re-staking is that users can re-stake the reward tokens obtained from the original staking, thereby achieving a compound interest effect. For example, users can re-stake the stETH obtained from Lido into Rocket Pool to earn double rewards.

Analysts believe that re-staking is expected to promote the development of the Ethereum ecosystem and attract more funds. However, potential risks, such as platform security and liquidity, must also be taken into account. The wave of re-staking may accelerate industry regulation to protect investors' rights.

) 4. The Hong Kong stablecoin regulations come into effect, causing industry discussions as OTC stores suspend operations.

On August 1, Hong Kong officially implemented the "Stablecoin Regulatory Ordinance," bringing "designated stablecoins" such as USDT and USDC under regulatory oversight. The ordinance explicitly prohibits the offering, promotion, and sale of stablecoins without a license, and does not provide a transition period. Some OTC stores have been forced to suspend operations, sparking heated discussions within the industry.

One Satoshi founder Roger Li stated that the future of OTC stores after the regulations are implemented is a focal point of industry concern. He believes that OTC stores can respond by obtaining licenses or adjusting their business models, but they may face significant impacts in the short term.

Industry insiders point out that Hong Kong, as an offshore RMB center, will have its stablecoin regulations affect the entry of mainland assets into the global market via Hong Kong. The choice of blockchain infrastructure is crucial, as it must meet the requirements of performance, security, compliance, and transparency to ensure the rights of investors.

5. Meme coins are coming, will ETH, SOL, and XRP lead the new bull market?

After months of stagnation, the altcoin market has finally shown signs of recovery. The altcoin quarterly index has risen from 34 to 50 in just a few weeks, and Bitcoin's dominance has dropped to 61.5%. Funds are quietly flowing towards mainstream altcoins such as Ethereum###ETH(, Solana)SOL(, and Ripple)XRP(.

What does this round of "selective rise" mean? Who will be the real leader of the bull market in 2025? Analysts believe that clear regulations and the recovery of investor confidence are the main reasons. However, some opinions suggest that this is just a short-term rebound, and the real bull market still needs to wait for the recovery of the real economy and the implementation of industry applications.

Regardless, the arrival of the altcoin season will undoubtedly attract more attention from the market. Whether various funds will accelerate their inflow and which varieties investors will favor will determine the market trend in the second half of 2025.

2. Industry News

) 1. Bitcoin is under short-term pressure, focusing on the key support at $112,000.

Bitcoin (BTC) has recently been affected by macroeconomic uncertainties, with prices finding support at the key level of $112,000. On-chain data shows that if this level is breached, it could trigger a chain liquidation, and short-term pressure remains heavy. Analysts suggest that investors closely monitor the range between $112,000 and $113,000, and if it is lost, strict risk management should be implemented.

The TIPS market (USD 2.1 trillion) is highly dependent on the credibility of CPI data. If trust wavers, it could become the first explosion point in the U.S. Treasury market. TIPS have performed strongly this year, reflecting high inflation expectations, and the market is highly focused on next week's CPI report. Short-term U.S. Treasury yields have plummeted as investors bet that the Fed will cut interest rates earlier.

Overall, Bitcoin's recent performance has been greatly influenced by macroeconomic uncertainties. The $112,000 key support level is under close market scrutiny, and if it is breached, it may trigger a chain liquidation, requiring investors to strictly control their risk exposure. A loss of credibility in inflation data may exacerbate market risk-averse sentiment, making Bitcoin susceptible to liquidity liquidation in the short term.

2. Ethereum futures ETF profit taking, institutional demand cools down.

Ethereum (ETH) has recently come under pressure and the price once fell below the key level of $3600. Data shows that the net outflow of ETH futures ETF funds was $269.4 million, well below the low range, indicating weak institutional demand.

The trading sentiment in the options market is diverging, with traders focusing on the key price range of ETH at $3582 and $4000. Analysts point out that the spot market has significantly weakened, with the RSI breaking below the low range, indicating that the market is entering an oversold area. The open interest in the futures market has moderately decreased, suggesting that positions are being closed.

In summary, the ETH market has shifted from thriving to re-evaluation, with oversold conditions and seller fatigue suggesting a potential rebound. However, market vulnerability is intensifying, and its structure is susceptible to external negative factors or delays in demand recovery. Investors should closely monitor policy dynamics, implement risk control measures, allocate assets wisely, and remain flexible in responding to market fluctuations.

3. Pay attention to regulatory developments regarding Ripple (XRP), August market conditions are uncertain.

In July, the price of Ripple (XRP) surged close to its historical high, attracting market attention. As August begins, the market trend, however, is filled with uncertainty. Key factors influencing the price of XRP in August include macroeconomic pressures, the impact of new tariffs, market sentiment, technical corrections, and regulatory developments.

The analysis platform shows a divergence in the price prediction for XRP in August. Some institutions are bullish, believing that favorable regulations will drive XRP up; however, there are also views that the deteriorating macro environment may put pressure on XRP, causing it to fall back. Overall, there are many variables in the XRP market for August, and investors need to closely monitor policy dynamics and fundamental changes.

Ripple Labs expressed support for regulatory transparency in the U.S. Senate's proposal on the digital asset market structure, but criticized the draft for increasing ambiguity and raised concerns about excessive oversight from the Securities and Exchange Commission, calling for exemptions for tokens involved in long-term trading. The future trend of XRP may be influenced by regulatory policies.

4. The Solana ecosystem continues to heat up, and SOL is seen as the best investment choice.

Despite the recent market decline, analysts are optimistic about Solana's potential to exceed $350 before 2026. The asset's funding rate is negative, indicating volatility, but signs of upward momentum may emerge if forced liquidations increase.

The Solana ecosystem has recently been gaining momentum and is regarded as one of the "new four kings" of the cryptocurrency industry. Meanwhile, sectors such as NFTs and full-chain games, which were once highly anticipated, are developing slowly and facing skepticism. There is a polarization of track popularity occurring within the industry.

The continuous warming of the Solana ecosystem stems from its strong technical capabilities and active community. Analysts believe that Solana is expected to become the next hotspot for cryptocurrency investment. However, investors should also be aware of potential risks, such as network congestion. Overall, the Solana ecosystem is worth keeping an eye on.

5. The boom of altcoins may not last, and investors need to lay out their strategies cautiously.

The altcoin market has recently experienced a brief rebound, but analysts believe that the overall trend lacks continuity. So far, there have only been two rounds of short-term rebounds, concentrated in a few projects.

Data shows that some altcoins like TROLL, HOUSE, and neet have seen significant gains recently, but the drivers behind this are questionable. Some analyses point out that this is related to the "strong support" from the official pump.fun Twitter account. However, overall, the performance of altcoins may be worse than expected, forcing industry participants to re-evaluate innovation and real use cases.

Investors should approach the altcoin market with caution. In the short term, funds may flow back from highly volatile altcoins to Bitcoin, providing support for the price, but investors still need to remain cautious and control their risk exposure. The altcoin market lacks real users and sources of income, and its business models have flaws, so investments need to be made with extra care.

6. OpenAI open source GPT-OSS model, developers can deploy it locally for free.

On August 5, 2025, ChatGPT creator OpenAI announced the launch of a brand new open-source large language model, GPT-OSS, which is its first open-source version since GPT-2. Key highlights include: the flagship gpt-oss-120b model performs close to OpenAI o4-mini in core inference benchmark tests and can run efficiently on a single 80GB GPU; the lightweight gpt-oss-20b model matches the performance of o3-mini and supports deployment on edge devices with 16GB of memory.

This move will fundamentally change the way developers build AI applications, bringing breakthrough cost optimization and customization freedom to scenarios such as cryptocurrency trading bots and data analysis platforms. The launch of open-source models is expected to promote the application of AI in the cryptocurrency field, improving efficiency and innovation capabilities.

But the impact of OpenAI's open-source models goes far beyond this. It signifies that AI technology is becoming accessible to the public, which may accelerate the democratization process of AI in the future. Developers and businesses can acquire powerful AI capabilities at a lower cost, which is expected to foster waves of innovation in various fields. However, it is also necessary to be vigilant about the risks of AI technology being misused.

7. Alpha Airdrop PROVE Token, valued at approximately 120 USD

According to the analysis, Alpha has prepared 5 million PROVE tokens for the upcoming TGE warm-up airdrop. Each qualified account can use Alpha points to claim the airdrop after the event opens, with a value of approximately $120.

PROVE is the native token of the ecosystem and will be widely used in various services of the ecosystem in the future. This airdrop event aims to raise awareness of PROVE and attract more users to join the ecosystem.

Alpha, as an innovative product of the ecosystem, has always attracted market attention. This PROVE airdrop is expected to further boost Alpha's influence. However, some analysts point out that the true purpose of the airdrop activity may be to prepare for the upcoming PROVE token issuance activity, attracting more funds to enter the market.

8. Eco CEA Industries completes $500 million private placement, renamed BNB Network Company

Cryptocurrency company CEA Industries announced the completion of a $500 million private placement financing and will change its name to BNB Network Company. This move aims to strengthen cooperation with the ecosystem and promote the development of the BNB ecosystem.

The funds raised will be used to expand the scale of the company's game development and technology platform. In the future, BNB Network Company will be committed to creating games and applications for the BNB ecosystem, providing users with a richer experience.

This financing and renaming mark the official entry of CEA Industries into the ecological camp. Analysts believe this will further enhance the strength of the BNB ecosystem, making it advantageous for attracting more developers and users. However, there are also concerns that excessive reliance on the ecosystem could pose risks.

Overall, the addition of CEA Industries is undoubtedly a great benefit to the BNB ecosystem, but its long-term impact remains to be seen.

3. Project News

1. WORLD3 launches the "Pre-TGE Agent Activation" event, initiating the We expert agent ecosystem.

WORLD3 is a platform aimed at creating the next generation of We automated experiences. The project is building a complete ecosystem of We expert agents, including Influencer Agent, DocuWriter, DataComposer, and Xscriber among other specialized agents.

Latest Update: WORLD3 has launched the "Pre-TGE Agent Activation" event, allowing users to experience its long-running expert agent system. Participants can earn rewards by completing various tasks, including testing agent functionalities and providing feedback. This event serves as a prelude to the upcoming TGE, marking an important milestone for WORLD3 in creating the next generation of We automated experiences.

Market Impact: The expert agent ecosystem of WORLD3 is expected to bring a brand new automated experience to We. By having agents work 24/7 in dedicated VMs, truly understanding on-chain realities, it can greatly enhance efficiency and free up human resources. This project is expected to drive the development of the We ecosystem, providing strong automated support for various application scenarios.

Industry Feedback: Industry insiders have praised WORLD3's innovative concept. Analysts believe that the project is likely to become a leader in the We automation field, bringing disruptive changes to the entire industry. However, some are concerned that the agency system may have security risks, requiring further improvement. Overall, WORLD3 has garnered significant attention and is regarded as a representative project in the development of We automation.

2. Caldera launches the "Internet of Chains" platform, serving the We Era.

Caldera is a project aimed at addressing the fragmentation of We data. The platform is referred to as the "Internet of Chains," designed to ensure the free, secure, and borderless flow of We data.

Latest update: Caldera has launched its "Internet of Chains" platform, providing infrastructure support for the We Era. The platform employs advanced encryption technology to ensure the security and privacy of user files from the design source, achieving complete user control over data through a fully decentralized architecture.

Market Impact: Caldera is expected to become an ideal choice for data storage in the We era. Its efficient, secure, and decentralized solutions can address the current fragmentation of We data, providing reliable infrastructure support for the entire ecosystem. This will drive the development of the We ecosystem and promote the emergence of more innovative applications.

Industry feedback: Industry insiders have praised Caldera's innovative concept. Analysts believe that the project addresses a key pain point in the development of We and is expected to become a trustworthy new generation of storage infrastructure. However, some are concerned that its decentralized architecture may pose performance and availability challenges that need further optimization. Overall, Caldera is seen as an important member of We's infrastructure development.

3. Lagrange launches zero-knowledge infrastructure, opening a new era of verifiable computation.

Lagrange is a zero-knowledge infrastructure project aimed at providing a secure, scalable, and verifiable computing platform for the We era.

Latest Update: Lagrange has launched its zero-knowledge infrastructure, ushering in a new era of verifiable computing. The project applies zero-knowledge proof technology to blockchain, providing robust support for fields such as artificial intelligence, decentralized finance, and data infrastructure.

Market Impact: Lagrange's zero-knowledge infrastructure is expected to drive the development of the We ecosystem. By providing a secure, scalable, and verifiable computing platform, the project can facilitate the emergence of more innovative applications, bringing transformative effects to the entire industry.

Industry Feedback: Industry insiders have praised Lagrange's innovative concepts. Analysts believe that the project brings new possibilities to We and is expected to become a key infrastructure for future development. However, some are concerned that the complexity of zero-knowledge proof technology may pose application challenges, requiring further simplification and optimization. Overall, Lagrange is seen as an important part of We's infrastructure development.

4. Economic Dynamics

1. The Federal Reserve issues a significant signal: the number of rate cuts this year may exceed expectations, and the rate cut window is about to open.

The current economic environment presents a complex situation. The annualized quarter-on-quarter GDP growth for the United States in the second quarter was 2.4%, a rebound from 2% in the first quarter, but still below expectations. Although the inflation rate has decreased, it remains above the target level of 2%. The job market remains robust, with the unemployment rate holding steady at a low of 3.5%.

Important Event: Federal Reserve officials have recently released significant signals, suggesting that the number of interest rate cuts within the year may exceed market expectations. Institutions such as Goldman Sachs expect the Federal Reserve to begin its rate cut cycle in September and to cut rates two more times in the remaining months of this year. This expectation mainly stems from easing inflation pressures and signs of economic slowdown.

Market reaction: Expectations for interest rate cuts are heating up, driving a rebound in the stock market. Investors are betting that the Federal Reserve will start a rate-cutting cycle in September to support economic growth. The bond yield curve has further inverted, indicating an increased risk of economic recession. The dollar index has softened slightly.

Expert Analysis: Goldman Sachs economists point out that although inflationary pressures have eased, they remain at high levels. If the Federal Reserve is too accommodative, it could lead to a resurgence of inflation. Therefore, the Fed needs to act cautiously to avoid premature or excessive rate cuts. UBS analysts believe that rate cuts by the Fed could "re-oil" the economy and alleviate recession risks. However, the extent and pace of rate cuts will depend on inflation and employment market performance.

2. China's exports unexpectedly rebounded in July, with a record trade surplus.

China's exports in July increased by 18% year-on-year, significantly exceeding expectations, and the trade surplus reached a historical high. This data breaks the previous trend of declining exports for three consecutive months, indicating that China's exports remain relatively strong.

Important Event: China's July trade data exceeded expectations, with exports growing by 18% year-on-year and a trade surplus reaching 82.8 billion USD, setting a new monthly record. This is primarily attributed to the increase in exports to the United States and ASEAN countries.

Market reaction: The RMB exchange rate against the US dollar has slightly risen. The A-share market is fluctuating upwards, with export-related sectors performing actively. Analysts believe that this data alleviates concerns about the Chinese economy and is beneficial for boosting market confidence.

Expert Opinion: Citibank analysts indicate that despite positive data in July, the export situation in the second half of the year still faces many uncertainties, such as slowing global demand and geopolitical risks. HSBC believes that Chinese export companies continue to perform strongly due to their flexible supply chain management and cost control advantages. However, the widening trade surplus has also intensified the appreciation pressure on the Renminbi.

3. The Bank of Japan maintains its ultra-loose monetary policy, and the yen has significantly weakened.

The Bank of Japan has maintained its current ultra-loose monetary policy in its latest interest rate decision, deciding to keep the short-term interest rate at a low level of -0.1% and to control the 10-year government bond yield around 0%. This is contrary to the approach of tightening policies by major economies such as the Federal Reserve.

Important event: The Bank of Japan insists on an ultra-loose stance, mainly based on inflation expectations not being solid yet, and insufficient momentum for economic recovery. The central bank believes that tightening policies too early could stifle economic recovery.

Market reaction: The yen has significantly weakened against the US dollar, briefly falling below the 135 mark. Investors are betting that the Japan-US interest rate differential will further widen. The Tokyo stock market was boosted, with the Nikkei 225 index rising by more than 1%.

Expert analysis: Citigroup analysts indicate that the stance of the Bank of Japan sharply contrasts with other major economies, which will intensify the depreciation pressure on the yen. UBS believes that the Bank of Japan's adherence to ultra-loose policies is mainly to sustain economic recovery momentum, but inflationary pressures continue to rise, and it may have to tighten monetary policy in the future. Nomura Securities analysts point out that the depreciation of the yen will boost Japanese exports, but it may also exacerbate inflationary pressures.

5. Regulation & Policy

1. The U.S. SEC issues guidance: Under certain conditions, liquid staking does not constitute a securities offering.

The U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance recently released important guidance clarifying its regulatory stance on "Liquid Staking." The SEC stated that under certain conditions, liquid staking activities and the resulting staking token certificates do not involve the offer or sale of securities, and therefore do not need to be registered with the SEC.

Policy Background: Liquid staking is an emerging cryptocurrency staking model that allows users to earn rewards on staked assets while still being able to freely trade and use the tokens. This innovation injects new vitality into the DeFi ecosystem but has also raised concerns among regulators regarding its compliance. As a U.S. securities regulatory body, the SEC's stance is crucial for the industry's development.

Policy content: The SEC pointed out that if a staking service provider merely acts as an "intermediary" and does not participate in the management or operation of the staked assets, and the staking returns do not rely on the efforts of the service provider, then the staking certificate tokens they issue do not constitute securities. However, if the service provider plays a more active "entrepreneurial or management role", the situation may be different. This guidance provides clarity on the regulatory boundaries for the industry.

Market reaction: Mainstream liquid staking protocols such as Lido have welcomed this policy, believing that this position clears obstacles for institutional adoption and DeFi integration. However, some industry insiders are concerned that the SEC's statements contain ambiguous space, and regulatory discrepancies may still arise in the future. Overall, the market has reacted positively to this favorable policy.

Expert Opinion: Matthew Sigel, head of digital asset research at VanEck, pointed out that the SEC's guidelines are contradictory and fail to fully clarify regulatory concerns. Austin Campbell, founder of Zero Knowledge Consulting, believes that policymakers still view cryptocurrencies from a traditional perspective, emphasizing the importance of recognizing "who has control." Blockchain lawyer Kurt Watkins stated that the SEC's guidance primarily targets liquidity staking setups that do not have decision-making autonomy.

2. The U.S. banking regulatory agency has released guidelines for the custody of cryptocurrency assets.

The U.S. Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency recently issued guidelines to guide banks on how to provide custody services for crypto assets to their clients. This is the latest move by regulators from the Trump era as they weigh the involvement of traditional lending institutions in the digital asset business.

Policy Background: As the cryptocurrency market continues to evolve, more and more institutional investors are seeking to obtain crypto asset custody services through traditional financial institutions such as banks. However, due to the lack of clear regulatory guidance, the banking industry has concerns about entering this emerging field. This joint guideline aims to provide regulatory certainty for the banking sector.

Policy content: Guidelines require banks providing cryptocurrency custody services to establish an appropriate risk management framework, including comprehensive risk assessments, the development of effective control measures, and ensuring adequate IT system security and reliability. Additionally, compliance with anti-money laundering and counter-terrorism financing regulations is also necessary.

Market Reaction: The banking industry has welcomed this policy, believing it will encourage more traditional financial institutions to enter the cryptocurrency asset space. However, some industry insiders are concerned that overly stringent compliance requirements may increase the operational costs for banks, thereby affecting the quality and pricing of services. Overall, the market has responded positively to this favorable policy.

Expert Opinion: Former Chairman of the U.S. Commodity Futures Trading Commission (CFTC) J. Christopher Giancarlo stated that this guidance is an important step for regulators towards providing a clearer regulatory framework for crypto assets. However, he also warned that regulators need to keep up with the times, as the crypto asset industry is evolving rapidly.

3. The Hong Kong Monetary Authority launches the first round of license applications for stablecoin issuers.

The Hong Kong Monetary Authority (HKMA) recently launched the first round of applications for stablecoin issuer licenses, with the application period open until September 30. This is an important step for Hong Kong in implementing the "2023 Stablecoin Issuer Ordinance" and aims to create a favorable environment for the development of stablecoins.

Policy Background: With the rapid development of cryptocurrencies globally, stablecoins, as digital tokens pegged to fiat currencies, are playing an increasingly important role in payment settlement, asset allocation, and other areas. As an international financial center, it is necessary for Hong Kong to establish a regulatory framework for stablecoins to maintain financial stability.

Policy content: According to the regulations, any institution wishing to issue stablecoins in Hong Kong must first apply for a license from the Monetary Authority. Applicants must meet a series of standards, including entity requirements, capital adequacy ratios, and reserve asset management. Once approved, they must also comply with ongoing prudential regulatory requirements. The regulations will officially take effect in early 2026.

Market Reaction: Industry insiders generally believe that this regulatory framework is beneficial for the long-term healthy development of the stablecoin sector. However, there are also concerns that overly strict regulations may hinder innovation. Overall, the market shows understanding and support for Hong Kong's stablecoin regulatory policies.

Expert Opinion: Hong Kong financial legal expert Chen Jiahua stated that this regulation aims to prevent systemic risks while also creating a compliant environment for the development of stablecoins. He believes that Hong Kong, as an offshore RMB center, may become one of the first approved issuers of stablecoins in the future.