Trader Killa posted that he doubts Bitcoin can break through $100000 this year and expects it to maintain range volatility in the future. He plans to rebuild his position after the first wave of gains. Killa predicted the peak of this bull market in May 2025, shorted Bitcoin at $74688 in mid April, and turned long during the market downturn on June 5th.

On August 21st, Solana Company (HSDT) announced its voting position on the first three Solana Governance Proposals (SGPs): supporting SGP-0001 "Solana Constitution"; Oppose SGP-0002 from doubling the rate of inflation reduction; Oppose SGP-0003 changing transaction fees to floating. On chain voting is expected to begin on August 22nd (UTC+8). Solana Company stated that it supports the Solana Constitution because the new governance system allows stakers to vote directly and overturn the votes of principals, which helps institutions participate in decision-making. Opposing the other two proposals is because institutions value rule stability, and changing core economic parameters at this time will increase institutional wait-and-see sentiment. Solana Company stated that it will support a renewed discussion on reducing inflation once SOL continues to have a net inflow of funds, and is willing to reconsider the floating fee scheme after ecological adaptation.

The rise in Bitcoin prices has led to the liquidation of short positions worth $1.2 billion. （Decrypt）

BitMine Chairman Tom Lee listed 17 large cap stocks with a market value exceeding $2 billion and a high correlation with cryptocurrencies. The correlation between BMNR and ETH is 80%, and the correlation between MSTR and BTC is 78%. Tom Lee stated that ETH is expected to outperform BTC in this cycle, driven by tokenization and AI applications.

The EU is evaluating whether encrypted lending should be included in the MiCA regulatory framework, but the decentralized nature of DeFi lending pools has increased the difficulty of defining regulatory targets. （Cointelegraph）