On chain data shows that XRP whales have recently exhibited significant movements. During the week of August 18th, wallets holding 1-10 million XRPs increased their holdings by approximately 380 million, and the total holdings of related addresses increased from approximately 16.05 billion to 16.36 billion; At the same time, the number of large transactions exceeding $1 million per day for XRP Ledger surged by 280%, with over 38 large transfers recorded within 24 hours. It is worth noting that during the period when the giant whale continued to increase its holdings, the XRP price did not rise sharply in sync, but instead fluctuated around $1 for a long time, forming a contrast of "giant whale buying wildly and price not rising". At the same time, the inflow of funds from Whale to Binance has dropped to a three-month average of about $61 million, a significant decrease from the previous level of over $450 million, and potential selling pressure has weakened. In terms of direct impact, the continuous increase in holdings by large investors may provide support for XRP. If the price breaks through key resistance in the future, the accumulated funds in the early stage may further amplify the upward trend. Indirectly speaking, the surge in the number of large transactions also means a significant increase in market participation and capital competition. However, it should be noted that an increase in on chain holdings does not necessarily equate to open market buying, and may also include custody transfers or over-the-counter trading. Therefore, further verification is still needed in conjunction with exchange fund flows and price trends. If you want to track the real-time flow of funds, changes in market positions, and market hotspots on the chain, you can register OKX through the AiCoin cooperation portal: 👉 https://jump.do/zh-Hans/xlink?checkProxy=true&proxyId=2 Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.

[Multiple Banks and Regulatory Agencies Launch World's First Quantum-Resistant Crypto Asset Transfer Pilot] According to Cointelegraph, multiple banks and regulatory agencies have jointly launched the world's first quantum-resistant crypto asset transfer pilot, utilizing the U.S. NIST post-quantum cryptography standards. The pilot tests digital asset custody and transfers on a quantum-resistant test network to address threats posed by quantum computing. Participating institutions include Bison Bank, DK Bank, and regulatory agencies from Abu Dhabi, Bhutan, Malta, among others. The Hong Kong Monetary Authority has mandated the banking sector to complete quantum-safe migration by 2030.

The ETH/BTC ratio formed a golden cross where the 50 day moving average broke through the 200 day moving average, rising about 25% from the low point on June 6th. According to CoinDesk, on July 25, 2025, the golden cross ratio rose by about 36% after four weeks before falling. In February 2021, it rose by about 93% after the golden cross. The two golden crosses in May and August 2022 did not continue the upward trend, and the golden cross is a lagged indicator formed based on historical prices.

Jamie Coutts, Chief Crypto Analyst at Real Vision, posted in support of Bloomberg analyst Mike McGlone, who has been criticized for being bearish on Bitcoin. Jamie Coutts stated that Mike McGlone was already a Bitcoin supporter before joining Bloomberg and had pointed out the stablecoin trend that the market should be tolerant of different viewpoints. Mike McGlone lowered the target price of Bitcoin to $28000 in February this year and predicted in mid August that Bitcoin would fall to $10000.

[National Development and Reform Commission Proposes Revising Regulations on Overseas Investment Management, Including Individual Residents in Filing Management] According to a report by Caixin, the National Development and Reform Commission (NDRC) has released the *Regulations on Overseas Investment Management (Revised Draft for Public Comment)* and is soliciting public feedback from August 21, 2026, to September 20, 2026. The draft expands the scope of investors to include individual residents and explicitly defines reinvestment abroad as overseas investment. Investors are required to obtain approval documents or filing notifications before carrying out overseas investments. For individual residents, the filing authority will be the provincial-level NDRC department in their place of household registration or habitual residence. The draft also mandates that investors submit an annual report on overseas investment information through an online system by March 31 each year.