US President Trump named Hyperliquid at the White House Crypto and Fintech Leaders' Meeting on August 20th and stated that CFTC Chairman Mike Selig is pushing for Hyperliquid to enter the US market in a fully compliant and legal manner.

[A certain whale or institution sold 871,000 HYPE worth $64.82 million through FalconX] According to monitoring by Lookonchain, in the past 6 hours, a whale or institution cumulatively sold 871,000 HYPE worth approximately $64.82 million through FalconX.

From May 19th to August 21st, the Coinbase Bitcoin Premium Index remained in the negative premium range for 95 consecutive days, breaking the record for the longest consecutive negative premium since its launch. This record exceeds the 40 day period from January 16th to February 24th this year, as well as the 30 day period during last year's 1011 crash. The Coinbase Bitcoin Premium Index measures the price difference between Coinbase Pro and Binance, and a sustained negative index reflects weak buying or high selling pressure in the US market.

[Hong Kong Court Upholds Ma Zhihao's 56-Month Prison Sentence, Police Trace USDT to Secure Evidence] According to Caixin, the Hong Kong Court of Appeal has rejected Ma Zhihao's appeal for a reduced sentence, upholding the original 56-month prison term. Hong Kong police, by tracking cryptocurrency transaction records, discovered that the victim's family transferred approximately 9,527 USDT to a designated wallet. Of this, 8,127 USDT was traced to a cryptocurrency exchange account under Ma Zhihao's name, which was then converted into approximately HK$63,000 and deposited into his personal HSBC bank account.

The Law Working Committee of the Standing Committee of the National People's Congress of China stated that the second review of the revised draft of Enterprise Bankruptcy Law strengthens the reorganization procedure and cross-border bankruptcy rules, clarifies the temporary protection mechanism for the continuity of the reorganization procedure, increases the rights of creditors, debtors, and other parties to directly apply for reorganization, stipulates that the court shall hold a hearing when reviewing the reorganization application, and requires the debtor or administrator to provide timely, accurate, and complete information to relevant parties.