The US spot Bitcoin ETF had a net inflow of $314 million on Tuesday, with a cumulative net inflow of $3.03 billion in August, $390 million lower than the record set in October 2025. The net outflow gap of US spot Bitcoin ETFs has narrowed to $2.26 billion year to date, with total net assets rising to $99.05 billion and cumulative net inflows of $54.36 billion. The US spot Ethereum ETF has had a net inflow for 7 consecutive trading days, with a net inflow of $179.8 million on Tuesday and a cumulative net inflow of approximately $1 billion over the past 7 days. Bitcoin reported $78880, down about 2% in the past 24 hours, having previously surpassed $80000; The fear and greed index for encryption has decreased from 74 to 65.

On August 25th, the daily on chain trading volume of Robinhood Chain RWA reached a record high of $85.1 million. Among them, the trading volume of tokenized stocks is about 66.6 million US dollars, accounting for about 78%; Meme coin trades with stock tokens for approximately $10.4 million, ETF and US Treasury related trades for approximately $4.8 million, and commodities for approximately $3.3 million. The trading structure of Robinhood Chain has changed, with the proportion of Meme coin and stock token trading pairs decreasing from about 73% on July 26 to about 12% on August 25, and the proportion of pure stock token trading increasing to about 78%. Robinhood Crypto has added 100 new stock tokens this month, with over 190 on chain stock tokens. （cryptopolitan）

As the 10 week countdown to the 2026 US midterm elections approaches, the Democratic Party is leading by about 6 percentage points in the general congressional vote, and the market is evaluating the impact of its recapture of congressional control on financial markets. Raymond James analyst Ed Mills said that if US President Trump encounters congressional constraints, the White House may push for tariff measures through more frequent executive orders. The market expects the US government to reach a debt ceiling of approximately $41.1 trillion by mid-2027. TD Securities warns that if the Democratic Party controls Congress, a debt ceiling deadlock could push up US bond yields and exacerbate market volatility. In addition, if the election results are delayed for a long time due to vote counting or legal litigation, the market may experience election chaos.

[Revolut Launches Euro Stablecoin EURR, Initially Covering Denmark, Poland, and Portugal] According to Bloomberg, fintech company Revolut has launched a euro-pegged stablecoin, EURR, initially available to eligible customers in Denmark, Poland, and Portugal. Revolut stated that EURR is the first step in its stablecoin strategy, with plans to introduce tokens pegged to other fiat currencies in the future to expand the use of digital currencies in cross-border payments and corporate transaction scenarios.

According to The Information, DeepSeek is seeking a second round of financing at a valuation of 500 billion yuan, with plans to raise 50 billion yuan. From January to July 2026, DeepSeek's revenue reached RMB 475 million (USD 70.7 million), with a net loss narrowed to RMB 715 million, lower than the full year of RMB 935 million in 2025. DeepSeek's overall gross profit margin reached 44.6%, with an API business gross profit margin of 82.9% and an annualized revenue of $400 million to $500 million. DeepSeek has raised the price of the V4 Pro API, with peak output prices rising from $0.87 to $3.96 and off peak prices at $1.98, lower than Kimi K3's $15 and Claude Opus 5's $25. The company's investment in AI infrastructure has increased from 1.2 billion yuan in 2025 to 11 billion yuan in the first seven months of this year, and has hired investment banks to prepare for an IPO in Shanghai next year.