Compound completes leadership restructuring, approves $52 million budget to transition to institutional DeFi
DeFi protocol Compound Finance has completed a leadership overhaul and approved its decentralized autonomous organization (DAO)’s largest-ever budget of $52 million to advance its transition to institutional DeFi. The plan prioritizes attracting institutional users and expanding operations around real-world assets, partner integrations, and traditional financial market credit infrastructure. Compound’s total value locked (TVL) has fallen from its September 2021 peak of roughly $12 billion to $1.2 billion, putting it behind rivals such as Aave. New team members hail from institutions including Near Foundation, Maple Finance, Coinbase Custody, Anchorage Digital, HSBC, and Broadridge Financial.
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Bitcoin surges past $64,000, with a 1.23% gain in the past 24 hours.
According to HTX market data, Bitcoin has broken through the $64,000 level, with a 1.23% gain in the past 24 hours.
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SoftBank invests $200 million in Gravis Robotics, entering the construction robotics space.
SoftBank has closed its largest-ever Series A funding round for construction robotics, investing $200 million in Gravis Robotics, with a post-money valuation of approximately $1 billion. Gravis Robotics is a construction robotics startup spun off from ETH Zurich in 2022, headquartered in Zurich, specializing in AI autonomy retrofitting solutions for existing heavy earthmoving equipment such as excavators and loaders. Its core product, the "Gravis Rack," is a quick-install control kit that supports fully autonomous operation or AI-assisted driving, is compatible with equipment from multiple brands including Caterpillar, John Deere, Volvo, JCB, and Hitachi, and claims to boost operational efficiency by up to around 30%.
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Tom Lee: Hopes to see ETH break above the daily cloud, with only a 3.5% gap to the breakout currently.
Tom Lee, chairman of BitMine—the largest Ethereum treasury—cited technical analysis to express expectations of an upcoming technical breakout for Ethereum. ETH’s current price is just 3.5% away from breaking through the upper edge of the daily Ichimoku cloud, which would mark the first time the crypto has held above this key resistance since October 9, 2025. Ethereum is currently trading around $1,906, with the Ichimoku cloud resistance looming just ahead. Lee has maintained his earlier bullish stance on Ethereum; in July, he published a public note arguing that the ETH/BTC ratio would strengthen in the second half of 2026, driven by the combined factors of Ethereum’s monetary narrative, stablecoin growth, and asset tokenization. The upper edge of the Ichimoku cloud is viewed by technical analysts as a key reference for trend shifts, and a valid breakout could open further upside potential.
9 minutes ago
Trader loses 217 $ETH ($414K) in 2-month swing trade
This dumb money bought back 1,674 $ETH ($3.19M) at a high price of $1,906 again. This guy is always selling low and buying high. Two months ago, he still had 1,891 $ETH. Now he has only 1,674 $ETH, losing 217 $ETH ($414K) through swing trading. Sometimes, just holding is better than trading blindly.
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Cambricon’s 561,000 equity incentive shares will be listed for trading on August 20.
Chinese AI chip firm Cambricon announced that it has recently received the "Transfer Registration Confirmation" and "Securities Change Registration Certificate" from the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., completing the share registration for the first vesting period of the reserved portion of its 2023 Restricted Stock Incentive Plan (the "Incentive Plan"). A total of 124 incentive recipients are eligible for this vesting. The total number of shares to be listed and traded is 561,000, with the listing date set for August 20, 2026. The total vested restricted shares amount to 597,600: 36,600 shares come from the company’s repurchased A-share common stock, and the remaining 561,000 shares are from the company’s targeted issuance of A-share common stock to the incentive recipients.
9 minutes ago
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