US Stock Cryptocurrency Concept Stock Pre-market Drop, Strategy Down Nearly 2%
On August 18th, based on the market data from Rockflow, with Bitcoin declining intraday, US stock cryptocurrency concept stocks saw a fall in pre-market trading. Strategy (MSTR.O) dropped by nearly 2%, Coinbase (COIN.O), and Riot Platforms both dropped by more than 1%.
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The South Korean Financial Regulatory Authority is set to submit a stablecoin regulation bill in October.
August 18th - As per The Block, it is anticipated that the Financial Services Commission (FSC) of South Korea will present a stablecoin regulation bill to the National Assembly in October. A ruling party member in South Korea, Park Min-gue, mentioned on Monday during a stablecoin-related discussion that he has received a report from the FSC outlining this plan.
This bill will mandate regulations regarding stablecoin issuance, collateral management, and internal risk control systems, and it is expected to be incorporated into the ongoing formulation of the second set of digital asset legal frameworks.
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If Bitcoin drops below $113,000, the mainstream CEX's total long liquidation amount will reach $984 million
On August 18th, according to Coinglass data, in the event that Bitcoin drops below $113,000, the cumulative liquidation intensity of mainstream CEXs will amount to $984 million.
On the other hand, if Bitcoin rises above $117,000, the cumulative liquidation intensity of mainstream CEXs will reach $688 million.
BlockBeats Notes: The liquidation chart does not precisely depict the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity.
Consequently, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it attains a certain level. A higher "liquidation bar" indicates that once the price reaches that level, it will undergo a more intense reaction due to a liquidity cascade.
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Binance to Support Fusionist (ACE) Network Upgrade and Hard Fork
August 18th. As per an official communication, Binance is slated to halt the token deposit and withdrawal services of the Fusionist (ACE) network on August 20th, 2025, at 13:00 (GMT+8) in order to facilitate its network upgrade and hard fork.
The project team will carry out the network upgrade and hard fork at block height 3,828,237 (anticipated to be at 14:00 on August 20th, 2025, GMT+8).
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Shitcoin Follows Market Downtrend, RAY Plunges Over 9% in 24 Hours
On August 18th, according to HTX market data, with Bitcoin falling below $115,000 today, altcoins generally experienced a decline. Specifically:
RAY is currently trading at $3.336, showing a 24-hour loss of 9.78%;
LPT is currently trading at $6.375, with a 24-hour loss of 9.21%;
SCRT is currently trading at $0.1808, having a 24-hour loss of 8.83%.
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ChatGPT Mobile App Generates $2 Billion in Revenue
On August 18th, based on the latest analysis by the app intelligence provider Appfigures, since its launch in May 2023, the iOS and Android apps of ChatGPT have generated a global revenue of $2 billion. The analysis indicates that this figure is approximately 30 times the total revenue of ChatGPT's competitors on mobile devices, including Claude, Copilot, and Grok.
The data shows that so far this year, the mobile apps of ChatGPT have achieved a revenue of $1.35 billion, representing a year-over-year growth of 673% compared to the same period in 2024 (January to July), which was $174 million. The average monthly revenue of the app is close to $193 million, up from $25 million last year. (Jin10)
10 minutes ago
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