The SEC Questions the Legitimacy of REX's Ethereum and Solana Staking ETF Submission

According to HTX market data, Bitcoin has broken through $64,000, with its 24-hour decline narrowing to 0.32%. Ethereum has surpassed $1,900, posting a 1.1% gain over the past 24 hours.

Insane! Whale 0xf292, who is 1x short 2.9M $CXMT($22.57M), has already paid more than $3.4M in funding fees. That's ~$170K in funding fees on average every day.

Per Lookonchain monitoring, whale address 0xf292 has opened a 1x leveraged short position on 2.9 million CXMT, with the position valued at approximately $22.57 million and an unrealized loss of $3.67 million. The whale has already paid over $3.4 million in funding fees, averaging around $170,000 in daily funding fees.

According to official sources, HSK Chain has announced its sponsorship and support for the "2026 Global Builders Initiative" launched by the Ethereum Applications Guild (EAG), in a joint effort to advance the global developer ecosystem and Ethereum application innovation. The event expands the competition’s reach to three emerging Web3 markets—Australia, Africa, and Latin America—marking a key step in HSK Chain’s global ecosystem expansion. Scheduled from August 19 to September 29, 2026, the initiative covers six regional developer communities: Brazil, Nigeria, Colombia, Kenya, Bolivia, and Sydney, Australia. Adopting a format combining online development courses, regional hackathons, and in-person Demo Days, it is expected to attract over 1,000 Web3 developers worldwide and push hundreds of innovative projects into incubation. As a sponsor, HSK Chain will set up dedicated tracks at all six locations, offering a total prize pool of 10,000 USDT, with a focus on supporting innovative applications in sectors including AI Agents, DeFi, stablecoin payments, and RWA (Real World Assets). The chain will also provide participating teams with technical support, mainnet deployment services, and Demo Day pitching opportunities; outstanding projects will further have access to the official Grant program and ecosystem incubation resources. Founded by Dr. Xiao Feng, Chairman and CEO of HashKey Group, and Ethereum co-founder Vitalik Buterin during Token2049 in 2025, EAG is a global non-profit developer organization dedicated to driving the Ethereum ecosystem’s transition from infrastructure development to application innovation.

Coinbase announced the phased deployment of a new-generation high-performance matching engine on Deribit. Built on dedicated infrastructure, the engine can process over 100,000 orders per second with a matching latency of less than 1 millisecond, designed to enhance execution speed, scalability, and liquidity performance for institutional derivatives trading. This upgrade also integrates Deribit into the same core execution infrastructure as Coinbase International Exchange. Coinbase noted that the new engine adds a built-in "speed bump" mechanism to select trading products, which briefly delays active orders to give liquidity providers more response time in fast, volatile markets, and is expected to help market makers offer tighter bid-ask spreads and deeper order books. The company added that all its perpetual contracts will also migrate to this matching engine later this year. Once the migration is complete, options and perpetual contracts will share a more unified trading infrastructure, enabling a more consistent trading experience, broader product coverage, and deeper liquidity.

According to an official announcement, Bitget has launched two TradFi Quanto perpetual contracts: CSOPSK2LHKD (2x long SK Hynix) and CSOPSS2LHKD (2x long Samsung Electronics), supporting up to 20x leverage and 24/7 trading. These TradFi Quanto perpetual contracts enable users to directly trade non-US dollar-denominated overseas stocks, such as Hong Kong-listed equities, using USDT, with no foreign currency conversion required throughout the process. The contracts are quoted in local currencies including Hong Kong dollars and Japanese yen, while margin deposits and profit/loss settlements are all completed in USDT, simplifying the trading workflow and effectively avoiding additional risks from exchange rate fluctuations.