Arthur Hayes: Trump Should Reject CLARITY Act, BTC Target $500000

Binance Alpha has updated the reward distribution rules for MarsCoin and Niulai. Starting from September, only tokens with daily holdings exceeding 10000 will be counted as valid holdings, and monthly rewards will be distributed based on the proportion of users' valid holdings. The rewards for MarsCoin and Niulai in August will be calculated according to the original rules, with Niulai's position calculation period from August 18th to 31st. MarsCoin rewards will be distributed in SPCXB, while Niulai rewards will be distributed in QQQB. （Binance Wallet）

[Glassnode: 85% of altcoin funding rates exceed the average, market enters optimistic state] Glassnode stated that approximately 85% of altcoin funding rates have risen above their respective average levels, marking the highest level for this metric since BTC was at its historical peak.

According to the PRO main order list, the total transaction data of BTC and ETH main players in the past 24 hours is as follows: BTC: Accumulated transactions of $803 million, including $400 million in buy transactions and $403 million in sell transactions, with a transaction difference of $-35.8 million ETH: Accumulated transaction volume of $1.313 billion, of which $604 million was bought and $709 million was sold, with a transaction difference of $105 million The latest data shows that the main players still have a layout in key price points: the net pending difference of BTC is 3.579 billion US dollars; The net spread of ETH pending orders is 3.338 billion US dollars. The main pending orders may withdraw or close at any time, and non PRO versions of the K-line cannot see its changes in real time. The PRO 'Main Large Order Tracking' indicator monitors every large pending order in real-time, helping you determine if this' wall 'is still there. Note: If the difference between pending orders is positive, it indicates that the main force is placing more limit orders than sell orders on the currency, and there are active takeover orders below the current price; If it is negative, the opposite is true, as there is a reserve of selling pressure above. The data is for reference only and does not constitute any investment advice.

South Korea's top financial regulatory agency will accelerate discussions on cryptocurrency legislation and plans to launch the Digital Asset Basic Law this autumn, which covers regulatory rules in areas such as stablecoin issuance, virtual asset service provider (VASP) licenses, and Bitcoin ETFs.

HyperEVM set a historic high of $538100 in daily fee revenue on August 23, with all fees paid and destroyed in HyperLiquid.