8.30 AI Daily Report Crypto Assets market remains volatile Regulatory policies continue to tighten

1. Headline

1. Bitcoin whales make large sales, causing severe market fluctuations.

Yesterday, the Bitcoin market experienced severe volatility. According to monitoring, a whale address holding over 100,000 Bitcoins transferred more than 1 billion USD worth of Bitcoin to a cryptocurrency exchange. This large-scale selling activity triggered panic in the market, leading to a sharp decline of over 5% in Bitcoin's price in a short period.

Analysts point out that Bitcoin's price had been fluctuating around the $100,000 mark without a clear direction. The large-scale selling by whales has undoubtedly intensified market uncertainty, leading investors to adopt a wait-and-see approach. Meanwhile, some analysts believe that this may just be a routine operation of whales changing hands and does not necessarily indicate a bearish long-term outlook for Bitcoin.

Regardless, this event once again highlights the high risks of the cryptocurrency market. Every move of the whales can trigger severe fluctuations, and small and medium investors need to be especially cautious in their operations. At the same time, some analyses point out that the lack of regulation is the root cause of such drastic fluctuations, calling for stronger regulation to maintain market stability.

2. Ethereum's daily net outflow exceeds 1 billion USD, institutional investment sentiment turns bearish.

According to monitoring data, yesterday the net outflow of Ethereum spot ETFs exceeded $1 billion in a single day, setting a record high. This data has raised concerns in the market about a cooling sentiment among institutional investors.

Analysts say that over the past year, Ethereum has been the darling of institutional investors, with a large influx of funds driving a continuous price increase. However, recently, Ethereum's price has fallen back due to a lack of substantial positive news, which may have triggered profit-taking behavior among some institutional investors.

At the same time, some analyses have pointed out that this may just be a routine reallocation operation by institutional investors and does not necessarily indicate a complete bearish outlook on Ethereum's prospects. After all, Ethereum, as the infrastructure of cryptocurrency, still enjoys widespread recognition of its long-term value.

However, the massive outflow of funds will undoubtedly put pressure on the price of Ethereum in the short term. Investors need to closely monitor the subsequent investment trends of institutions and cautiously seize investment opportunities. At the same time, some analysts are calling for Ethereum to accelerate its pace of technological innovation to inject new momentum into long-term value growth.

3. Musk's private lawyer intends to become the chairman of the DOGE treasury company.

According to sources, Tesla CEO Elon Musk's personal lawyer Alex Spiro intends to become the chairman of a newly established DOGE treasury company. The company plans to raise at least $200 million to specifically invest in Dogecoin (DOGE).

Analysts believe that this news once again reflects Musk's preference for Dogecoin. As a key promoter of DOGE, Musk has previously "endorsed" Dogecoin multiple times on social media, and his comments often lead to significant fluctuations in the price of DOGE.

Some analyses suggest that Musk's move may be aimed at further promoting DOGE, turning it into a true payment currency. However, there are also opinions that this might just be another instance of Musk hyping DOGE for profit.

Regardless, the establishment of the DOGE Treasury Company will bring more attention to Dogecoin. Investors should closely monitor its subsequent operations and prudently assess investment opportunities. At the same time, some analysts are calling for stronger regulation to avoid investment risks arising from excessive speculation.

4. Japan plans to establish a dedicated department to regulate crypto assets, and a separate tax system is set to be introduced.

The Financial Services Agency of Japan announced the budget for the fiscal year 2026, planning a significant restructuring of the regulatory system, including the establishment of a dedicated department to handle cryptocurrency assets, aimed at strengthening market monitoring and investor protection. At the same time, Japan is also exploring a separate taxation system for cryptocurrency trading.

Analysts believe that this move reflects the Japanese government's increasing attention to cryptocurrency assets. As an important market for global cryptocurrency trading, Japan hopes to create a favorable environment for the healthy development of the industry through improved regulation.

Some viewpoints suggest that dedicated regulatory bodies will help strengthen regulatory enforcement, timely discover and address violations, and better protect investors' rights. At the same time, the introduction of a separate taxation system will also provide clearer tax guidance for cryptocurrency investments.

However, some analyses suggest that excessive regulation may stifle innovation and hinder industry development. Therefore, while strengthening regulation, it is also necessary to leave room for innovation in crypto assets.

Overall, Japan's move aims to regulate the order of the cryptocurrency asset market, which is beneficial for the long-term development of the industry. However, the introduction and implementation of specific policies need to weigh the pros and cons, balancing development and regulation.

5. Solana ecosystem new protocol Freya has received support from the Bonk team

The new protocol Freya in the Solana ecosystem has announced that it will become the ICM protocol for the Bonk ecosystem USD1 trading pair, receiving support from the Bonk team and contributors in the Solana ecosystem.

Analysts say that Freya, as the ICM protocol of the Solana ecosystem, will bring more liquidity and funds to the Solana ecosystem, benefiting the prosperous development of the ecosystem. The support from the Bonk team will also bring more exposure and attention to Freya.

There is a view that Freya's emergence fills the gap of the ICM protocol in the Solana ecosystem and will inject new vitality into the Solana ecosystem. At the same time, as a highly regarded project within the Solana ecosystem, Bonk's support will also help Freya gain more users.

However, some analyses point out that Freya is still in its early stages, and its actual performance needs to be tested over time. At the same time, there are many similar protocols within the Solana ecosystem, and Freya needs to stand out in the intense competition.

Overall, Freya's emergence has brought new development opportunities to the Solana ecosystem. However, to truly achieve success, continuous innovation in product strength, user experience, and other aspects is required to gain market recognition.

2. Industry News

1. Bitcoin briefly fell below $108,000, triggering panic in the market.

On August 30, the price of Bitcoin briefly fell below the $108,000 mark in the early morning, triggering panic in the market. Data shows that Bitcoin's lowest point within 24 hours reached $107,957, a decrease of 3.96%. This decline is mainly attributed to low liquidity over the weekend and investor concerns about the Federal Reserve's rate hike in September.

Analysts indicate that after Bitcoin fell below the short-term holder average price of $108,000, the short-term sentiment shifted from anxiety to panic. The crypto fear and greed index dropped to 39, falling below 40 for the first time since the end of April, leading the market to quickly enter a "panic" state. However, data shows that during this correction, some investors who are optimistic about Bitcoin's long-term prospects did not stop accumulating; instead, they took the opportunity to increase their positions.

CryptoQuant's research director, Julio Moreno, believes that if Bitcoin cannot quickly rebound above $112,000, the downside support level will be around $100,000. He advises investors to closely monitor Bitcoin's subsequent movements, as losing the $100,000 mark may trigger further selling.

2. Ethereum breaks $4400, trading volume hits a new high

Ethereum's price broke the $4400 barrier on August 30, reaching a daily high of $4401.73. Analysts pointed out that the demand for Ethereum continues to rise, with monthly trading volumes hitting new highs, primarily due to its core platform status in cryptocurrency innovation.

Data shows that Ethereum's trading volume exceeded $1.76 trillion in the past month, a nearly 20% increase compared to last month. This growth is unprecedented and reflects the increased activity within the Ethereum ecosystem.

Some analysts are optimistic about Ethereum's long-term prospects, believing its price could exceed $60,000 in the next five years. They argue that the launch of layer 2 scaling solutions on Ethereum, the continued influx of institutional investors, and the development of innovative applications such as DeFi and NFTs will continue to drive demand for Ethereum.

However, some analysts are cautious about Ethereum's recent trend. Data shows that there was a forced liquidation of $145 million in the Ethereum options market yesterday, reflecting investors' concerns about short-term risks.

3. The Solana ecosystem continues to heat up, and the SOL price has broken through $200.

The Solana ecosystem continues to attract funding, with the price of the ecological token SOL breaking the $200 mark on August 30, reaching a daily high of $203.5. Analysts believe that the recent warming of the Solana ecosystem is mainly due to the following reasons:

First, the Solana ecosystem projects are actively raising funds, attracting a large influx of capital. Data shows that last week, companies in the Solana ecosystem completed hundreds of millions of dollars in financing again, and investors are full of confidence in the prospects of the Solana ecosystem.

Secondly, the Solana ecosystem tokens have performed remarkably. In addition to SOL, Solana ecosystem tokens such as BONK and USD1 have also seen significant increases, driving the popularity and attention of the entire ecosystem.

In addition, the Solana ecosystem remains active in decentralized applications, NFTs, and other fields, continuously attracting new developers and users to join.

However, some analysts are concerned about the potential risks associated with the rapid development of the Solana ecosystem. They point out that the Solana ecosystem lacks killer applications, and most projects are still in the early stages, making the overall sustainability of the ecosystem worth paying attention to.

4. The performance of altcoins has diverged, with WLFI, XPL, and others experiencing significant gains.

Against the backdrop of fluctuations in mainstream cryptocurrencies, altcoins have shown a clear divergence in performance. Data shows that altcoins such as WLFI and XPL have surged significantly, while BIGTIME and LPT have plummeted by over 15%.

The pre-market price of WLFI is close to $0.3, up nearly 50% from its low point. Analysts believe that the upcoming launch of WLFI on Ethereum is the main driver behind its surge. Meanwhile, the ecological token B of WLFI on the BSC chain has broken $0.7, reaching a new all-time high, which has also boosted the popularity of WLFI.

XPL briefly touched $1 on Hyperliquid, a significant increase from the pre-market price of $0.78, setting a new all-time high. Analysts point out that the surge in XPL may be related to whale manipulation, posing significant risks.

In contrast, BIGTIME and LPT fell by 15.56% and 15% respectively, indicating that investors have lost confidence in some altcoins.

Overall, the performance of altcoins shows significant differentiation, and investors need to have a clear understanding of the true value of individual projects and manage risks well.

5. The Trump family is involved in Crypto, CRO surged over 100%

The Trump family has recently ventured into the cryptocurrency space, attracting market attention. Trump's social platform Truth Social announced it will integrate the CRO token, which subsequently surged over 100%.

Analysts believe that the involvement of the Trump family may boost the awareness and adoption of crypto among traditional investors. However, they also caution investors that the surge in CRO is largely due to speculation, and its sustainability is questionable.

At the same time, some analysts have questioned the motives of the Trump family. They believe that the Trump family may simply see Crypto as a financing channel, aiming to raise funds for their social platform and other businesses.

Regardless, the involvement of the Trump family will bring new attention to the Crypto market. However, investors need to approach it rationally, avoiding blind following, and have a clear understanding of the true value of the projects.

6. U.S. exchanges may open cryptocurrency trading

The chairman of the U.S. Securities and Exchange Commission, Gary Gensler, recently gave a speech suggesting that traditional U.S. exchanges may open up to cryptocurrency trading.

Gensler stated that as long as cryptocurrency exchanges comply with existing securities regulations, the SEC would consider approving their listing of exchange-traded products. This is seen as a signal of the SEC's open attitude towards cryptocurrency.

Analysts believe that if traditional exchanges truly open up to cryptocurrency trading, it will help improve the regulatory transparency of the cryptocurrency market and attract more institutional funds. However, it may also exacerbate market volatility, bringing new risks to investors.

On the other hand, some analysts have expressed skepticism about Gensler's remarks. They believe that the SEC's current stance on cryptocurrency regulation remains unclear, and traditional exchanges still face numerous obstacles to opening up crypto trading.

( 7. Ethereum PoS network participation has decreased, with 730,000 ETH waiting to join.

There are signs of a decline in participation in the Ethereum PoS network. Data shows that currently, 1.075 million ETH are queued to exit the PoS network, while the number of ETH waiting to join is 730,000.

Analysts believe that this may reflect a lack of confidence among some investors in the PoS network after the Ethereum merger upgrade. They are concerned about issues such as the level of decentralization and security of the PoS network, and therefore choose to temporarily withdraw and observe.

At the same time, there are analysts who hold an optimistic view on this. They believe that the fluctuations in participation in the PoS network are a normal phenomenon, reflecting the free choices of investors. As long as the overall participation remains at a high level, it will not have a substantial impact on network security.

However, the changes in participation in the Ethereum PoS network are worth continuous attention. If there is a large-scale exit, it may negatively impact the security and decentralization of the network, thereby affecting investor confidence.

) 8. Cryptocurrency exchange hacked, $23.7 million stolen

The cryptocurrency exchange Radiant Capital was attacked by hackers, with approximately $23.7 million in funds stolen. The hackers exploited a vulnerability in the smart contract and accumulated $104 million in assets through carefully designed trading operations.

This incident has once again raised concerns about the security of cryptocurrency exchanges. Analysts point out that exchanges, as centralized storage places for funds, can lead to significant losses for investors if vulnerabilities occur, potentially resulting in large amounts of funds being stolen.

At the same time, some analysts believe that this event highlights the challenges faced by regulators in tracking illegal funds. Hackers use complex trading strategies to "launder" money, making it difficult to trace the whereabouts of the stolen funds.

In response to this incident, the exchange stated that it is cooperating with the relevant authorities in the investigation and will strengthen security audits to prevent similar incidents from happening again. However, analysts believe that the exchange needs to fundamentally address security risks and improve transparency in order to rebuild investor confidence.

3. Project Highlights

( 1. AI agent launched on Product Hunt and topped the daily chart.

It is an AI agent tool focused on the cryptocurrency industry. It can integrate a large amount of cryptocurrency-related information, providing users with trading decision support by analyzing real-time social sentiment and blockchain data. Launched on August 30 on Product Hunt, it quickly reached the top of the daily chart, attracting widespread attention within the industry.

Built by an experienced team, it aims to provide intelligent assistance tools for cryptocurrency traders. It utilizes advanced AI technology to process and analyze massive amounts of data, generating actionable insights and recommendations. Users can interact with it through natural language to understand concepts such as risk-weighted assets and stablecoins, and gain in-depth industry insights.

During the invitation phase, it attracted over 4,000 daily active users and nearly 1,000 paying users, demonstrating strong market demand. The project is expected to promote the intelligent and efficient trading of cryptocurrencies, providing users with a better experience. Industry insiders believe it represents the future trend of the integration of AI and cryptocurrency trading, likely injecting new vitality into the industry.

Multiple cryptocurrency KOLs and analysts have expressed their welcome and support for it. They believe that it provides users with a brand new way to assist in trading, helping to reduce investment risks and improve trading returns. At the same time, its emergence also reflects the increasing maturity of the cryptocurrency market and the growing demand from investors for specialized tools.

) 2. The Sui ecosystem continues to expand, introducing Grayscale Trust and Native USDC.

Sui is an emerging public chain based on the Move language, created by former Meta employees, and has garnered significant attention. Recently, the Sui ecosystem welcomed two major pieces of good news: the addition of Grayscale Trust and Native USDC, which will further enhance Sui's strength and influence.

Grayscale Trust is a cryptocurrency investment management company that manages assets exceeding $60 billion. Its entry into the Sui ecosystem means that institutional funds will flow into Sui, bringing more liquidity and financial support to Sui. The addition of Grayscale Trust will also enhance Sui's visibility and credibility among institutional investors.

At the same time, the stablecoin USDC will also launch a Native version on Sui. USDC is currently the second-largest stablecoin by market capitalization and is widely used in the cryptocurrency ecosystem. The launch of Native USDC will bring more convenient payment and settlement functions to the Sui ecosystem, helping to attract more DeFi, NFT, and other applications.

The continuous expansion of the Sui ecosystem demonstrates its strong development potential. As a brand new public chain, Sui has many technological innovations, such as parallel execution and global data sharding, which are expected to address the scalability and decentralization challenges currently faced by public chains.

Industry analysts believe that the rapid development of the Sui ecosystem is inseparable from its strong technical strength and innovative concepts. In the future, Sui is expected to become another important blockchain application platform following Ethereum. However, Sui also faces fierce competition, and how to maintain its lead in ecosystem construction and application expansion will be the top priority for Sui's development.

3. Aptos Liquidity Strategy Layer Goblin Leads the Wave of DeFi Innovation

Aptos is an emerging public chain created by former Meta employees, performing excellently in the DeFi sector. Its liquidity strategy layer Goblin has recently attracted the attention of several KOLs and is regarded as a representative project of DeFi innovation.

Goblin is a DeFi protocol within the Aptos ecosystem, focusing on liquidity management and yield optimization. It employs an innovative design to match liquidity providers with borrowers, maximizing the benefits for both parties. Goblin also introduces a novel token economic model, offering users higher yield returns.

The emergence of Goblin has injected new vitality into the Aptos ecosystem. It not only provides users with more DeFi investment opportunities but also promotes the diversified development of the Aptos ecosystem. Industry insiders believe that Goblin demonstrates Aptos's strength in DeFi innovation and is expected to become a representative of a new paradigm in DeFi.

Multiple KOLs have expressed interest and support for Goblin. They believe that Goblin's design philosophy and economic model are worth learning from and have the potential to bring new development directions to DeFi. At the same time, Goblin's success will further enhance Aptos's influence in the DeFi field.

Overall, the emergence of Goblin reflects the continuous deepening of DeFi innovation. In the future, we expect to see more innovative projects emerge, driving the ongoing evolution of the DeFi ecosystem. As an emerging public chain, Aptos will play an important role in DeFi innovation.

4. Economic Dynamics

1. Federal Reserve Chairman Powell reiterates commitment to the interest rate cut policy.

The U.S. economy experienced a slowdown in growth in the second quarter of 2025, with an annualized GDP growth rate of only 1.8%, significantly lower than the previously expected 2.5%. Although the inflation rate has retreated somewhat, it remains above the Federal Reserve's target level of 2%. The unemployment rate remains low at 3.6%, and the labor market remains robust.

At the annual central bank meeting on August 30, Federal Reserve Chairman Powell reiterated that interest rates would continue to rise until inflation significantly cools. He stated that despite the economic slowdown, the labor market remains overheated and needs further cooling. Powell emphasized that the Federal Reserve will maintain a hawkish stance, even at the risk of triggering an economic recession, until the inflation rate returns to the 2% target range.

The market reacted strongly to Powell's hawkish remarks. U.S. stocks fell sharply that day, with the Dow Jones down over 300 points. Investors are worried that excessive tightening policies will lead to a hard landing for the economy. The bond yield curve further inverted, indicating an increased risk of economic recession.

Goldman Sachs chief economist Jan Hatzius believes that the Federal Reserve will still raise interest rates by 25 basis points in September and hinted at another potential rate hike in 2025. He warned that the process of declining inflation may be slow and winding, and the Federal Reserve needs to remain patient.

2. China's industrial profits in July fell by 22.6% year-on-year.

According to data from the National Bureau of Statistics of China, in July 2025, the profits of large-scale industrial enterprises in China fell by 22.6% year-on-year and decreased by 4.1% month-on-month. This marks the third consecutive month of year-on-year decline in China's industrial profits.

Analysts point out that the Chinese economy is facing internal and external pressures. Weak domestic demand, slowing exports, and rising raw material prices have severely impacted corporate profits. High inflation and geopolitical tensions have also intensified operational pressures.

In response to economic downward pressure, the Chinese government has introduced a series of support measures, including tax cuts and fee reductions, as well as increasing infrastructure investment. However, experts believe that it will be difficult to reverse the trend of economic decline in the short term.

Zhang Yanjun, head of the Macroeconomic Research Department of China International Capital Corporation, stated that the Chinese economy is expected to continue to face pressure in the second half of the year, and the annual GDP growth rate may be lower than the target of 5.5%. She suggested that the government should further strengthen policy measures, expand domestic demand, and promote economic stabilization and recovery.

3. The EU and the US reached a temporary agreement on green subsidy policies.

The EU and the US have reached a temporary agreement on the green subsidy policy in the latter's Inflation Reduction Act, temporarily easing trade tensions between the two sides.

According to the agreement, EU companies can receive US green subsidies to a certain extent, avoiding discriminatory treatment. Both sides agreed to continue discussions on a long-term solution in the coming months.

Previously, the European Union expressed strong dissatisfaction with the U.S. Inflation Reduction Act, believing that its green subsidy policies would seriously harm the competitiveness of European companies in the U.S. French President Macron had warned that the legislation could lead to "significant economic disputes."

European Commission President Ursula von der Leyen welcomed the interim agreement but emphasized the need for a more equitable and sustainable long-term solution. She called for the United States and the European Union to work together to tackle climate change rather than impose sanctions on each other.

Goldman Sachs analysts have stated that although the temporary agreement has eased tensions, the fundamental differences between the two sides regarding subsidies in the green industry have not yet been resolved. Negotiations in the coming months will be crucial and may determine the direction of bilateral trade relations.

5. Regulation & Policy

1. The U.S. Securities and Exchange Commission will postpone its decision on Grayscale's Cardano ETF until October.

Policy Background

The U.S. Securities and Exchange Commission (SEC) is a federal agency responsible for regulating the securities market, with responsibilities that include reviewing and approving applications for exchange-traded funds (ETFs). With the development of the cryptocurrency market, the SEC has been carefully evaluating applications for cryptocurrency ETFs.

Policy Content

The SEC has extended its decision on Grayscale's Cardano ETF application until October 26, 2025. This aligns with the SEC's broader trend of reviewing crypto ETFs. The SEC needs more time to assess whether the product meets the requirements for investor protection and a fair and orderly market.

Market Reaction

The probability of Grayscale's Cardano ETF being approved remains high. The cryptocurrency analysis platform Polymarket and Bloomberg analysts predict approval chances of 87% and 75%, respectively. The Cardano community welcomes this, believing that approval will provide institutional investors with a more convenient investment channel, benefiting the development of the Cardano ecosystem.

Expert Opinion

Analysts at cryptocurrency research firm Delphi Digital have stated that the SEC's cautious attitude towards cryptocurrency ETFs stems from concerns over the regulation of the cryptocurrency market. However, as the regulatory framework continues to improve, the likelihood of the SEC approving cryptocurrency ETFs will increase. The approval of Grayscale's application will pave the way for other cryptocurrency asset ETF applications.

2. Hong Kong Legislative Council members urge regulators to complete the licensing of stablecoins as soon as possible and publish the list.

Policy Background

Hong Kong is formulating the "Stablecoin Regulation Draft" aimed at establishing a regulatory framework for stablecoin issuers and trading platforms. As a financial center, Hong Kong needs comprehensive regulatory policies to regulate the digital asset market. The bill will grant the Hong Kong Monetary Authority and the Securities and Futures Commission the authority to regulate stablecoins.

Policy Content

Legislative Council member Huang Junshuo suggested that regulatory authorities should complete the licensing of stablecoin issuers as soon as possible after improving the review process and publish the list of licensed entities. This will allow the public to safely use and invest in stablecoins under legal protection. He emphasized that the actual application scenarios for stablecoins are still in the exploratory stage and should not become tools for speculation.

Market Reaction

Financial technology companies and investors in Hong Kong generally support the establishment of a regulatory framework for stablecoins. They believe that clear regulations will enhance investor confidence and promote the application of stablecoins in areas such as payments and settlements. However, there are also concerns that excessive regulation may hinder innovation.

Expert Opinion

Financial legal experts in Hong Kong point out that the regulation of stablecoins needs to balance innovation and risk management. Regulation should be principle-based, providing the market with enough room for development while protecting investors' rights. They suggest that regulatory bodies maintain close communication with the industry to formulate practical policy details.