[Crypto] Focused on virtual assets, the Hong Kong investment management company MicroBit has officially listed two virtual asset Spot ETFs on the Hong Kong Stock Exchange today. They are the MicroBit Bitcoin Spot ETF (03430) and the MicroBit Ethereum Spot ETF (03425). The Ethereum Spot ETF will stake up to 30.00% of all ETH, and the income from the staking will be reinvested into the fund after deducting relevant fees. The management fee for both ETFs is 0.50%, making them one of the most cost-competitive products among the cryptocurrency Spot ETFs listed in Hong Kong.

[Chain News] On August 21, on-chain detective ZachXBT posted on social media stating that since 2021, he has publicly released over 150 investigations, with actual cases exceeding 250, and more than 95% of the work was pro bono. If calculated at $5,000-10,000 per case, the theoretical income reaches $750,000 to $1.5 million. Some successful cases have helped recover over $300 million in funds. ZachXBT stated that he will no longer conduct pro bono investigations in the future and hopes to receive fair compensation.

According to on-chain analysts, a trader bet on the genuine YZY to recoup investment at a high point and once realized unrealized gains of $830,000, but did not take profit. They are now facing unrealized losses of $106,000. Previously, their bet on the counterfeit Kanye concept Meme coin YZY resulted in a loss of $700,000, bringing their total losses to over $800,000.

On August 21, according to monitoring by 【区块律动】, a certain Whale/institution transferred 400 WBTC to a certain platform for sale in exchange for 10,493 ETH, approximately 45.11 million USD.

[Golden Finance] A new legislative draft aimed at regulating stablecoins was proposed by South Korean lawmaker Kim Hyun-jung. The bill requires stablecoin issuers to have at least 5 billion KRW (approximately 3.6 million USD) in capital, and they must also submit a robust business plan, maintain necessary facilities and qualified personnel, and obtain approval from the Financial Service Commission (FSC). Additionally, the bill stipulates that stablecoins issued abroad must register with the commission before entering the South Korean market.

[Coin World] According to reports, Polish Prime Minister Tusk opposes arranging a meeting between the leaders of Russia and Ukraine in the Hungarian capital, Budapest, citing it as "unlucky." He explained that the Budapest Memorandum on Security Assurances, signed in 1994 by the U.S., Russia, and the UK, promised to guarantee the territorial integrity of Ukraine in exchange for its agreement to give up nuclear weapons, but the commitments have proven to be completely unfulfilled. The head of the Ukrainian president's office, Yermak, also stated that the mistakes of 1994 should not be repeated regarding Ukraine's security guarantees.

[Coin World] According to official news, REVOX announced a collaboration with the open source framework ElizaOS. REVOX will provide personalized Avatar services for the ElizaOS ecosystem, enhancing the capabilities of on-chain Agents in emotional interactions, transaction processing, and trade management. Both parties will also explore the deep integration of ElizaOS within the REVOX hardware framework, planning to launch the first desktop-level AI Pod designed for blockchain scenarios.

The terms of a certain platform stipulate that users waive their right to class action lawsuits, and the court can prevent such lawsuits and require users to pay related fees. Meanwhile, Kanye West launched a Meme coin on Solana, estimating that 94% of its new Token is held internally.

[Coin World] August 21 news, according to data platform reports, a suspected insider purchased 1.89 million YZY for 450,000 USDC through 2 wallets, and later sold 1.59 million YZY at a price of 2.12 USD for 3.37 million USDC. They currently still hold 303,000 YZY (approximately 510,000 USD), with a total profit exceeding 3.4 million USD, yielding a return of 760%. One wallet paid a transaction fee of 129 SOL (approximately 24,000 USD).

[Chain News] On August 21, Singapore's largest bank, DBS (Development Bank of Singapore), announced the issuance of tokenized structured notes on the Ethereum public chain, open to qualified and institutional investors on local exchanges ADDX, DigiFT, and HydraX. The first product is a participation note linked to crypto assets, with cash settlement during price rises and limited losses during price declines. The note denomination has been reduced from the traditional $100,000 to $1,000, enhancing liquidity and trading convenience. In the first half of 2025, the trading volume of related products is expected to exceed $1 billion, with a nearly 60% quarter-on-quarter growth in Q2. DBS will subsequently expand into stocks and credit notes.

On August 21, 【Block Rhythm】 released an important security fix version 18.6.2 for iOS.
According to technical experts, this version will fix the exploited zero-day vulnerabilities.

[Block Rhythm] On August 21, the Fed released the latest minutes of its meeting early this morning. Regarding the inflation outlook, participants generally expect inflation to rise in the short term. They believe there is still considerable uncertainty regarding the timing, magnitude, and persistence of the impacts from this year's tariff increases. The downward revision of US Non-farm Payrolls (NFP) may have intensified the Fed officials' concerns about the economic slowdown, "several participants indicated that they expect economic activity growth to remain sluggish in the second half of this year."
It is worth noting that this period's Fed meeting minutes mentioned "stablecoins" a total of eight times, and many participants discussed recent and future developments related to payment stablecoins and their potential impact on the financial system. These participants pointed out that with the recent passage of the "GENIUS Act" (the "U.S. Stablecoin Guidance and National Innovation Act"), the use of payment stablecoins may increase.
Wall Street Journal reporter Ni, known as the "Fed's mouthpiece"

[Chain News] On August 21, AI-native encryption smart platform Cointel announced the completion of a $7.4 million strategic financing, led by a certain trading platform and Sugafam Inc. Cointel will launch services for Newbies and Professionals, including gamified learning, AI briefings, predictive analytics, Whale wallet alerts, and fraud radar functions, and will list the $COLS Token on a certain trading platform, supporting staking, governance, and buyback and burn. The platform plans to focus on education, security, and real-time intelligence, gradually expanding into global markets such as North America.

[Coin World] According to monitoring, a newly created Address has withdrawn 60,000 SOL from a certain platform in the past 15 hours, worth 11.23 million dollars.

[Coin World] According to Onchain Lens monitoring, an official Wallet belonging to the US government (0x3080) received 76.56 ETH from a certain platform, worth $332,000. In April 2021, Uranium Finance was attacked, and in February 2025, the US government seized $31 million in related assets.

[Bit推] Trump's second son Eric Trump expressed his enthusiasm for Bitcoin again at the SALT conference in Jackson Hole this Wednesday, stating that he believes the ultimate value of Bitcoin will exceed 1 million dollars. This business leader, who co-founded the Bitcoin mining company American Bitcoin earlier this year, even calls himself a Bitcoin maximalist.
As Executive Vice President of the Trump Organization, he stated that he is currently investing more than 50% of his time in cryptocurrency projects and insists on his previous prediction - that Bitcoin will rise to $175,000 each by the end of the year.

Multiple experts believe that the policy Interest Rate and LPR still have room for further decline, and are expected to be adjusted further in the process of boosting domestic demand and stabilizing the real estate market. It is anticipated that LPR will be reduced by about 10 basis points within the year.

On August 21, the minutes from the Fed's meeting typically do not reveal too much new information, but they reinforce what has already been made public: first, according to Powell's press conference, the overall sentiment of the committee was hawkish during the July meeting (at least compared to market expectations); second, the dependence on data and forecasts has become evident, as more officials have shown an openness to a rate cut in September following the release of the employment report on August 1.

On August 21, the minutes from the Fed's July meeting revealed that some officials were increasingly concerned about the economic slowdown during the meeting that ended on July 30. The minutes noted: "Several participants indicated that they expect economic activity to remain sluggish in the second half of this year."
The minutes also added: "Regarding the household sector, several participants observed that the slowdown in real income growth may be restraining the rise in consumer spending." It is noteworthy that these views were expressed a few days before the July employment report was released, which revised down the estimated new jobs for May and June by 258,000. Therefore, since the July meeting, concerns about an economic slowdown triggered by a weak labor market may have further intensified for some officials.

[Bi Tui] According to reports, Fed meeting minutes: Officials are closely following the rise of stablecoins and the associated risks after the passage of the GENIUS Act.