Metaplanet to Inject 2,100 BTC Into US Bitcoin Treasury Company

As the 60-day interim memorandum of understanding between the U.S. and Iran technically expired, Iran announced that the Strait of Hormuz will remain closed until the U.S. meets relevant conditions, adding that it has shifted to a "full offensive" strategic posture. Iran’s chief negotiator Kalibaf stated that the U.S. must lift its blockade on Iranian ports, remove oil sanctions, unfreeze Iran’s frozen assets, and completely halt military operations and threats across all fronts; until these demands are fulfilled, the Strait of Hormuz will not reopen. Iranian Foreign Minister Araghchi said Iran will persist in its fight until the other side accepts its terms before agreeing to a ceasefire, noting that "Iran has won both the war and the diplomacy." For his part, Trump said no negotiations or talks are currently underway or scheduled between the U.S. and Iran, adding that the naval blockade remains fully effective, and claiming the Strait of Hormuz is open and operating normally, with all relevant mines either removed or detonated. Meanwhile, Iran is holding bilateral talks with Oman on the management of the Strait of Hormuz. Separately, Iranian media reported that Iran’s military is investigating commercial shipping networks that provide logistics support to the U.S. military, warning that companies or ship operators transporting materials for U.S. operations against Iran may face economic, legal, and retaliatory countermeasures.

Block’s payment application Cash App is expanding its cryptocurrency asset support beyond Bitcoin and USDC for the first time through an integration with crypto payment platform MoonPay. Eligible Cash App users in the U.S. can now use their Cash App balance to purchase a range of digital assets including Ethereum (ETH), Solana (SOL), XRP, and USDT via MoonPay, and also top up wallets such as Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap with their Cash App balance. Cash App has over 50 million users; it previously primarily supported Bitcoin transactions, adding USDC support earlier this year. The partnership with MoonPay means Block can meet user demand for more crypto assets without building its own multi-digital-asset transaction infrastructure. Morgan Kuntze, Block’s Head of Global Partnerships, noted that while Bitcoin remains the core of the company’s digital asset strategy, it aims to offer users more choices and payment flexibility.

Binance disclosed that its security team recently independently detected a malicious governance proposal targeting a project’s DAO, which put approximately $1.2 million worth of DAO treasury tokens at risk. The attack exploited a vulnerability in the project’s on-chain governance mechanism to bypass existing protocol requirements. When the threat was detected, less than 48 hours remained before the malicious proposal could be executed. Binance’s security team immediately contacted the project team and coordinated with other centralized exchanges listing the token to take preventive measures, suspending deposits of the relevant token to reduce the risk of potential stolen funds being transferred via exchanges. Ultimately, the project team voted down the malicious proposal in a timely manner, blocking the attack before execution and resulting in no financial losses. Binance’s Chief Security Officer Jimmy Su stated that this incident demonstrates security risks in the crypto industry are expanding beyond traditional smart contract vulnerabilities to areas including DAO governance mechanisms, user access permissions, and operational behaviors, underscoring the need for the sector to strengthen real-time monitoring and cross-platform security collaboration.

According to BIT (Bit.com) market data, the Philadelphia Semiconductor Index fell 5%, Marvell Technology (MRVL.O) dropped over 7%, Arm (ARM.O) and Intel (INTC.O) declined nearly 7%, Micron Technology (MU.O) fell 5.7%, and NVIDIA (NVDA.O) slid more than 2%. On the news front, Anthropic’s annual revenue missed market expectations, leading the market to question the AI growth slope. Bloomberg previously reported that Anthropic’s annualized revenue run rate hit ~$65 billion as of end-July. Against a backdrop where some third-party data and AI sector optimism had pointed to over $80 billion, the $65 billion figure signals a slowdown in the growth slope.

Bitcoin has been trading sideways recently, with markets closely monitoring surging global bond yields. Sean Farrell, head of digital asset strategy at Fundstrat, noted that Bitcoin’s recent volatility is at an all-time low, suggesting extreme price swings could emerge in the coming months. Historical data shows that in similar scenarios, Bitcoin’s median absolute price swing over the subsequent 60 days is around 30%. Global bond yields have surged sharply this week: the U.S. 30-year Treasury yield hit its highest level since 2002, the 20-year yield notched a new high since 2006, and the 10-year yield reached its highest since 2007. Markets attribute the rise in long-term yields to factors including widening U.S. fiscal deficits, rising costs for AI infrastructure, high oil prices, and monetary policy uncertainty. Yardeni Research stated that while the market is not yet in a "panic" state, it is closely monitoring whether so-called "bond vigilantes" will reassert control over the market. Bitunix analysts pointed out that market focus has shifted from whether the Federal Reserve will raise or cut interest rates to long-term U.S. Treasury yields, energy prices, inflation risks, and global risk premiums. Additionally, Robin Singh, CEO of Koinly, said it is not ruled out that Bitcoin could experience another sharp drop in the coming months, even falling to the mid-$50,000 range. If historical patterns hold, the market may need to go through a final "panic-driven liquidation" to confirm the real bottom of this cycle.

According to data from DeFiLlama, the top three centralized exchange (CEX) platforms by net capital inflow over the past 24 hours are Binance (USD 234 million), Bybit (USD 51.55 million), and Bitget (USD 17.56 million).