BTC falls below the $97000 mark

BBX News: Last weekend, global listed companies and cryptocurrency native projects demonstrated extremely cold and efficient capital efficiency in the operation of their balance sheets and token reserves. Abandoning blind one-way hoarding, the market is forcibly restructuring the liquidity and yield of assets through various means such as spot collateral financing, prepayment of computing power, and on chain pledge interest generation ——Leveraged Credit: MARA Holdings (NASDAQ: $MARA) secured an additional $600 million in spot collateral to build a $750 million credit fortress. ——Operating prepayment: BitFuFu (NASDAQ: $FUFU) adjusted its position to 1314 BTC, directly converting cryptocurrency assets into a certainty of 330 days of computing power expansion. ——Interest generation and repurchase: Remixpoint lent BTC for a profit of 12.44 and arbitrage PoS staking, while Chainlink repurchased 140000 LINK in the secondary market to increase reserves. The market presents a clear dual evolutionary trend of "top listed mining companies using spot collateral to leverage a huge amount of fiat currency credit" and "enterprise level treasury fully shifting towards lending and fine pledging to generate blood". Source: bbx.com

Pepe creator Matt Furie's X account became active in early August, linking three meme coin contracts, HOODRAT, DORK, and BOYZ, and deleting related tweets within a week. On August 9th, Matt Furie's account posted claiming that it had been hacked and did not endorse any Shitcoin, and attached a screenshot of the official website as evidence. Chain analyst @ StandartXBT believes that the credibility of this statement is questionable by monitoring webpage archives.

[RMB to USD Central Parity Rate Raised by 20 Points to 6.7884] According to Jintou's report, on August 10, the RMB to USD central parity rate was raised by 20 points to 6.7884, marking a new high since February 2023.

[Mark Esper: The Senate Should Pass the CLARITY Act as Soon as Possible] According to Cointelegraph, former U.S. Secretary of Defense Mark Esper wrote in the Financial Times urging the Senate to pass the CLARITY Act promptly, calling it a national security bill. Mark Esper pointed out that China is investing in payment systems to bypass U.S. regulations and weaken the status of the dollar, while regulatory gaps in digital assets provide opportunities for groups like Lazarus Group to evade financial controls. Mark Esper stated that the CLARITY Act would expand the Treasury Department's special measures authority under Section 311 of the USA PATRIOT Act, serving as a weapon to combat malicious actors.

Morgan Stanley has raised its target price for Zhipu by nearly 72% to HKD 1700, citing Zhipu's computing power acquisition capability and new financing support for growth. The Morgan Stanley report points out that the Chinese big model industry is establishing a healthier commercial environment, which is different from the market's view that China's open weight model will lead to product homogenization and price wars.