According to TradingBeats monitoring, the three storage giants on Hyperliquid have shown in the past 7 days that SKHX has risen from $1180.3 to $1219.6, an increase of about 3.3%; MU decreased from $990.83 to $929.35, a decrease of approximately 6.2%; SNDK dropped from $1726.2 to $1526.1, a decrease of approximately 11.6%. SKHX outperformed SNDK by about 14.9 percentage points during the same period, and the short-term leading indicator of the storage sector shifted from SNDK to SKHX. In the past 30 days, SNDK has risen by about 5.1%, MU has fallen by about 0.9%, and SKHX has fallen by about 0.8%. The MU/SNDK ratio has increased by about 6.1% in the past 7 days, while the MU/SKHX ratio has decreased by about 9.2% during the same period.

OKX has announced the addition of GRASSUSDUM(X-Perp) and PYTHUSDUM(X-Perp) to multiple services, including various trading services, officially launching on 2026-08-25 at 16:00 (UTC+8). Notes: - GRASSUSD X-Perp will launch on August 25, 2026, at 16:00 (UTC+8). - PYTHUSD X-Perp will launch on August 25, 2026, at 16:15 (UTC+8). - X-Perp is a leveraged trading product. Users are advised to fully understand the risks and manage their positions responsibly.

According to The Block, Las Vegas businessman Brent Kovar has been convicted by a jury and faces up to 280 years in prison for his involvement in a $24 million cryptocurrency Ponzi scheme. The US Department of Justice stated that Brent Kovar used investor funds to operate Profit Connect and repaid old investors with new funds under the guise of mining profits.

JPMorgan strategist Fabio Bassi believes that there is still room for the US stock market to rise by the end of the year, but the market will rely on sector rotation rather than a synchronous rise in all risk assets. JPMorgan maintains a constructive view on stocks, favoring high-quality growth stocks, cloud computing leaders, and the semiconductor sector that has undergone repricing. JPMorgan Chase believes that recent volatility means funds are withdrawing from crowded trading and entering a direction with higher profit visibility and more digestible valuations. JPMorgan interprets the upward trend in long-term US bond yields as a signal of increased capital demand and investment opportunities.

On August 25th, the second draft of the revised draft of China's Banking Supervision and Administration Law was submitted to the Standing Committee of the National People's Congress for review. The second draft added prohibitive provisions for banking institutions and employees to misappropriate customer funds, force bundling or bundling, illegally sell products beyond customer risk tolerance, and improperly collect payments. Chapter four was split into supervision and management measures and risk disposal chapters, clarifying the risk disposal responsibilities of central and local banks, increasing risk disposal authority, and stipulating the participation of deposit insurance fund management institutions in risk disposal methods.