In just a week, the AI meme coin $SPARK rapidly rose on pump.fun, with a market capitalization reaching 73 million USD at one point. Behind it, Illusion of Life aims to create more lifelike animated characters, and $SPARK attracted market attention through its unique narrative and interaction model, marking the potential return of AI Season 2.0.

Since Li Xiaolai's prophecy of "Looking at EOS in Seven Years" in 2017, we have witnessed Block.one's divergence and the community's bail-in, ultimately splitting into two completely different development paths: one led by the community, the Vaulta (formerly EOS) network; the other is the Bullish exchange built by Block.one, which is about to be listed on the New York Stock Exchange. This is a story about the cruelty of capital. (Background: EOS has officially renamed to Vaulta and announced a strategic transformation towards Web3 banking and banking consulting groups.) (Supplementary background: Why did Tether terminate the minting of USDT on the EOS and Algorand chains?) In 2017, early blockchain investor Li Xiaolai in China, known as the "Bitcoin Rich", addressed countless followers, stating, "Looking at EOS in seven years." This statement is like a curse that spans cycles.

BlackRock has not planned to file for an XRP or SOL Spot ETF, sparking market speculation. Investors are following this status along with the presale of XYZVerse ($XYZ), which has reached $15 million and aims to attract sports enthusiasts with its products. XRP and SOL still have potential, but caution is needed when considering their market Fluctuation.

The price of Bitcoin is expected to break $122,000 in 2025, with market sentiment soaring. The flow of institutional funds has caused fluctuations in high-leverage positions, and Tom Lee predicts it could reach $250,000 by the end of the year. At the same time, Layer 2 project Bitcoin Hyper is attracting investors' follow, indicating the potential of Bitcoin's Programmability ecosystem.

Do Kwon, the founder of Terraform Labs, may change his plea to guilty, as both the prosecution and defense are currently negotiating; if an agreement is reached, the timeline for handling the case will be expedited. Kwon faces nine criminal charges including fraud and Money Laundering, and a guilty plea could become the first criminal case related to the collapse of a stablecoin, which would have far-reaching implications for future regulation.

The state of Wisconsin in the United States has proposed two pieces of legislation targeting Bitcoin ATM identity verification and transaction limits, raising concerns within the encryption community about increasing regulatory intensity. (Background: Latest! The list of virtual currency service providers by the Financial Supervisory Commission has "only 12 left," and Bitcoin ATMs in Taiwan will become extinct.) (Additional background: U.S. police cut open a Bitcoin ATM: Is cash seized through violent enforcement? Operators are angry about who will compensate for the financial losses.) According to X account @Bitcoin\_Laws, a post earlier today (12th) reported that the Wisconsin Senate introduced bill SB386, requiring Bitcoin ATM transactions to fully implement the "Know Your Customer" (KYC) process. The post lists three key clauses: each transaction must present a photo ID, a single transaction limit of $1,000, and the collection of additional personal information. Earlier, on August 2, Wisconsin revealed the House version AB.

Recently, driven by institutional buying, Bitcoin and Ethereum have both surged towards historical new highs, also beginning to attract the attention of China's A-share investors. Let's take a look at how they view and define mainstream crypto assets? (Background: Chinese university students issuing meme tokens and quickly retracting liquidity = 4 years in prison! Be cautious of entering the "minefield" in the crypto world and ending up in jail) (Background information: China's "stablecoin ban" prohibits the public from discussing it: suffocating the dollar ghost, quietly building a RMB ark in Hong Kong) Recently, driven by the power of institutional buying, Bitcoin surged to 122,000 USD yesterday (11th), while Ethereum reached 4,350 USD on the same day, both launching an attack towards historical new highs (Previous high for Bitcoin: July 2025, 123,000 USD; Previous high for Ethereum: November 2021, 4,870 USD). Chinese investors are starting to pay attention to the crypto market.

MicroStrategy increased its position by 155 Bitcoins with an investment of $18 million between August 4 and 10, with an average purchase cost of approximately $116,401. Currently, its total Bitcoin holdings amount to 628,946 coins, with a cost of about $46.1 billion. The small number of coins added has sparked speculation in the market, possibly due to waiting for a Bitcoin pullback or having sufficient funds and not needing to make large-scale purchases. Nevertheless, MicroStrategy's stock rose by 2% before the market opened.

The video sharing platform and cloud service provider Rumble has announced that it has made an acquisition offer to the German artificial intelligence and high-performance computing (HPC) solutions company Northern Data AG, planning to acquire all of Northern Data's circulating shares through an all-stock transaction. As investors in both companies, the stablecoin leader Tether has already agreed to this transaction. (Background: Tether reaffirms: We will return to the US market! Targeting institutional clients, but not following Circle's public listing.) (Additional background: Tether released Q2 financial report: USDT market capitalization reaches a new high, holding $127 billion in US Treasuries, with a net profit of $4.9 billion for the quarter.) The video sharing platform and cloud service provider.