Whale "First Set 10 Big Goals" has liquidated $222 million worth of Bitcoin (BTC) and Ethereum (ETH) short positions, incurring a loss of $6.283 million.

Elon Musk-owned social media platform X is exploring using stablecoins, including Circle-issued USDC, to pay content creators their earnings. Sources familiar with the matter revealed that X is in discussions over how to use stablecoins to distribute content royalty revenues to influential users on the platform. The source added that the negotiations are still ongoing, and they are also involved in another social media platform’s project testing stablecoin-based commission payments to influencers and creators. X has not yet commented on the matter. Stablecoins, whose total market capitalization currently exceeds $300 billion, have become a key tool in blockchain payments, enabling faster, lower-cost cross-border transactions. Musk’s SpaceX has already used stablecoins in some markets to process cross-border payments for its Starlink satellite internet services. In March this year, X hired crypto industry veteran Benji Taylor as head of design, overseeing business related to X, xAI, and SpaceX. Taylor previously led the design of Coinbase’s Base blockchain network and has expertise in wallets and decentralized finance (DeFi). Additionally, X is adjusting its creator incentive system, phasing out its long-running Revenue Sharing program in favor of the new Original Content Rewards Program, which aims to reward creators who contribute original insights, expertise, reporting, creative content, and commentary to the platform.

Binance has launched a "24/7 Financial Convenience Store" page on its official website. This entry aims to provide a one-stop hub for exploring global popular assets, covering cryptocurrencies, stocks, bStocks, TradFi perpetual contracts, Web3 wallets, and wealth management, supporting over 7,000 global popular assets. The event calendar also features activities related to Alibaba (BABA) and Walmart (WMT), both scheduled for August 20. Currently, Binance has not disclosed specific product rules, launch scope, and applicable regions for this feature. Binance may be further integrating access to crypto assets and traditional financial products to build a one-stop financial service platform spanning multiple asset categories; specific arrangements will still need to await official announcements.

KuCoin announced today that its Artificial Intelligence Management System (AIMS) has officially obtained ISO/IEC 42001:2023 international certification, further strengthening the company’s systematic capabilities in the responsible deployment, governance, and continuous improvement of artificial intelligence. This certification is the world’s first international standard for AI management systems, providing an internationally recognized management framework for enterprises to establish, implement, maintain, and continuously improve their AI management systems. The certification covers KuCoin’s AI management system and related support functions, further promoting the transparent, secure, and responsible application of AI in platform operations. As AI increasingly penetrates digital financial scenarios including risk control, anti-money laundering, fraud detection, market monitoring, intelligent customer service, and platform operations, KuCoin is continuously advancing AI innovation in parallel with credible governance. This certification further enhances KuCoin’s trust framework, working alongside standards such as ISO/IEC 27001, SOC 2 Type II, and ISO 22301 to build a trusted infrastructure covering information security, operational reliability, business continuity, and AI governance.

According to Lookonchain’s monitoring, whale address 0x4cee sold 5,250 ETH (valued at approximately $11.76 million), netting a profit of around $1.76 million. Whale address bc1qqt sold 550 BTC (worth roughly $39.43 million), generating a profit of about $4.5 million.

The market is pumping, but gambler 0x2E88 is betting against it, shorting 9,346 $ETH ($21.43M) on @Aster_DEX. He is already sitting on an unrealized loss of $1.63M(-60.83%).

Liquid Capital (formerly LD Capital) founder Yili Hua wrote in an article that he had repeatedly emphasized earlier that July to August could be the final bottom-hunting window. Based on Bitcoin’s historical decline patterns, after the end of the previous rally and the third stage of decline, BTC has rebounded strongly to break through the $68,000 mark, which may signal the end of the crypto market’s bear cycle. Investors should not attempt to catch the exact bottom at a specific price point, nor should they try to short in the bottom range. He noted that the two most noteworthy things moving forward are: how to operate in the new bull cycle to maximize returns, and seizing development opportunities in the AI sector at other times.