The Hyperliquid Policy Research Center has released a report stating that perpetual futures can expand market risk management tools and improve price discovery efficiency without causing negative impacts on traditional futures markets. Research has found through analyzing data on Bitcoin and on chain WTI crude oil perpetual contracts that perpetual contracts can reduce hedging costs, and the median trading size of on chain crude oil perpetual contracts is approximately $1300, which is about 1/100 of traditional WTI futures. The perpetual market provides effective price discovery during the closure period of traditional markets, and the spread of WTI futures market has narrowed after reopening.

Bitcoin ETFs recorded $1.6 billion in inflows on Thursday, setting the highest weekly inflow record in nearly 10 months. （Bitcoin Archive）

BitMart has announced that it is preparing a potential restructuring plan to replace liquidation, plans to resume business in stages, and appoints Weikai Law Firm to provide legal advice. It is expected to issue a follow-up notice no later than September 9, 2026.

BounceBit announced that there is an Evmos protocol layer authorization vulnerability in the BounceBit Chain. The attacker transferred 286.5 million BBs from 9 mainnet accounts between 05:02 on August 20 and 09:54 on August 20 (UTC+8). BounceBit stopped producing and froze its on chain status at 10:36 on August 20 (UTC+8).

[Starbridge Capital Experiences London Gold Trading Liquidation, Hong Kong Office Deserted] According to Caixin, Starbridge Capital (SBCFX) encountered an abnormal liquidation event in London Gold (XAAmericaD) trading. The platform's Hong Kong office has been deserted, leaving investors facing significant losses. On the evening of August 19, Starbridge Capital's automated trading system generated massive reverse short positions within 1 to 3 seconds. Subsequently, international gold prices surged rapidly, causing collective liquidation of investor accounts, with some accounts reduced to zero or showing negative balances with outstanding debts.