Arthur Hayes Regrets Involvement in YZY Trading, Calls It a "Shitcoin"

August 21st. Based on the monitoring of LookOnChain, this morning, a Bitcoin ancient whale that sold 550 BTC of leveraged long positions on Ethereum is reducing its holdings of 68,130 ETH (approximately $295 million) of long positions and switching to purchasing ETH spot. In the past 6 hours, it has deposited 1000 BTC into Hyperliquid (approximately $113.95 million) to buy ETH. As of now, it has bought 19,794 ETH (approximately $85 million).

On August 21st, based on 8marketcap data, the market capitalization of BNB has exceeded $119 billion, surpassing Rolls-Royce and ranking 187th in the global asset market capitalization.

August 21st. UnicornX declared that it is going to hold a brand new UniCall countdown AMA at 21:00 (UTC+8) on August 21st. The keynote speakers comprise Anna Ann (the Founder of Unicorn Verse and an Investor in UnicornX), Wang Xin (a member of the Fair3 CTO Team), Crypto Charity (a well-known KOL and Trader), and Archer (the Research Director of Unicorn Verse). It is reported that UnicornX will make the latest UniCall project public during the AMA. Historical data indicates that previous projects have achieved an average growth of +507.3% after launching UniCall. In addition, to commemorate this AMA, UnicornX will randomly choose 3 lucky participants from the X (Twitter) interactions, and each of them will receive 100 X Points.

On August 21st, as per Bloomberg, digital assets are experiencing a weakening trend as traders prepare themselves for the highly anticipated speech by Federal Reserve Chair Jerome Powell on Friday at the Jackson Hole Symposium. In the US, Bitcoin and Ethereum spot ETFs have witnessed outflows for four consecutive trading days, with investors' net withdrawals amounting to $1.9 billion.

On August 21st, Sonic Labs presented a community proposal indicating its aspiration to establish Sonic USA LLC in order to initiate its U.S. operations. The proposal encompasses the hiring of a Sonic USA CEO and a full U.S. team, the setup of a New York office, and the implementation of a performance-based employee incentive program. Furthermore, the company intends to enhance long-term deflation through a Gas Fee mechanism. Community members will engage in voting to determine the adjustments of network parameters: to approve the issuance of tokens for a $50 million ETF allocation, a $100 million Nasdaq PIPE deal, $150 million in S tokens for Sonic USA, or to reject all the aforementioned parameter adjustments.