**[Gate Research Institute Report Analyzes Wallet Evolution and the On-Chain Transformation Trend of CEX]** Gate Research Institute has released the report *"The Evolution of Crypto Wallets and the On-Chain Transformation of CEX"*, which reviews the journey of wallets evolving from Bitcoin-era private key and signature tools to becoming the core gateway of on-chain finance. The report highlights that DeFi Summer propelled wallets from low-frequency asset management tools to critical gateways for dApps. After 2022, All-In-One wallets became mainstream, demonstrating their capabilities in high-frequency scenarios such as inscriptions and memes, gradually strengthening control over transaction pathways and traffic distribution. The report also mentions that as the wealth effect of VCcoins diminishes and new on-chain assets and high-yield opportunities spill over, the traditional model of CEX users staying long-term on exchanges is being challenged. This has driven CEXs to accelerate their on-chain strategies, exploring embedded wallet solutions to extend compliance, fiat channels, and user scale into the on-chain ecosystem. Using Gate Web3 as an example, the report points out that the on-chain transformation of CEX is not a simple replication of non-custodial wallet models. Instead, it deeply integrates account systems, trading capabilities, and on-chain applications while preserving user asset sovereignty, thereby enhancing asset retention and user lifecycle value. Gate Research Institute believes the industry is entering a phase of functional restructuring, where financial capabilities are migrating to wallets through on-chain and modular approaches. CEXs are responding to boundary shifts by binding themselves to ecosystems through on-chain transformation.

[UK FCA to Open Crypto Company License Application Channel in September 2026] The UK Financial Conduct Authority (FCA) has announced that it will open the license application channel for Crypto Asset Service Providers (CASPs) in September 2026, setting a timeline for the new cryptocurrency licensing regime. Relevant businesses must apply for full authorization before the new regime comes into effect on October 25, 2027. Companies already authorized by the FCA to conduct other regulated activities will need to amend their existing permissions, while crypto companies relying on approvals from other authorized firms for financial promotions will need to obtain direct FCA authorization to promote products in the UK. The application window will last at least 28 days and will close no later than 28 days before the new regime begins. Late applicants may face longer evaluation times.

Anthony Pompliano stated that Venezuela may have $60 billion worth of Bitcoin, with a total of approximately 650000 BTC. （The Bitcoin Historian）

[Address 0x880a Gradually Takes Profit on HYPE and XPL Short Positions, Weekly Profit of $30.5 Million] According to Coinbob's popular address monitoring, address 0x880a has gradually closed HYPE and XPL short positions over the past six hours. Currently, the HYPE short position size is approximately $38.2 million, with an average price of $31.3 and a liquidation price of $42.7. This address is the largest HYPE short whale on the Hyperliquid platform. Recently, the address has diversified part of its funds into short positions in BTC, SOL, kPEPE, and other tokens, increasing its total position size from $111 million 10 days ago to $149 million. Since October, the address has turned an initial capital of approximately $20 million into nearly $100 million in profit, with a weekly profit of $30.5 million.

[U.S. Supreme Court Ruling on Trump Tariff Measures Today] The U.S. Supreme Court will make a key ruling today on Trump's tariff measures.