Elon Musk's father stated that Elon Musk and Kimball Musk currently hold a total of 23000 Bitcoin with a total value of $1.7 billion. （The Bitcoin Historian）

Avalon Labs has added a market neutral income pool focused on perpetual stock contracts to its wealth management product Super Earn. The income pool captures funding rates and pricing biases from exchanges such as Hyperliquid, Binance, Bybit, etc. to generate returns, with a target annualized return rate of approximately 15%.

Binance Alpha will launch TermMax (TMX) on August 25th, and eligible users can receive airdrops through Binance Alpha Points after trading begins. （Binance Wallet）

Abraxas Capital, Fasanara Capital, and Wintertermute hold a total of 138569 ETH ($338 million) and 3425 BTC ($265 million) short positions. （Lookonchain）

[Pakistan Virtual Asset Regulatory Authority Requires Cryptocurrency Service Providers to Apply for Licenses by September 5] According to Cryptoslate, the Pakistan Virtual Asset Regulatory Authority (PVARA) has mandated cryptocurrency exchanges and related service providers operating locally to enter the licensing process by September 5, or cease operations. PVARA opened its virtual asset service provider licensing application portal on August 22 and released regulatory guidelines. Service providers already in operation are required to submit a 'No Objection Certificate' (NOC) application. Companies that fail to submit applications by September 5 must halt regulated services, and continued operations will be considered a violation. This policy applies to exchanges, custodians, and other enterprises offering virtual asset services to users in Pakistan.