According to crypto analyst Ai Yi @ai_9684 xtpa, an address suspected to be associated with DFG founder James Wo (@realjameswo) deposited 1,598 ETH to Binance six hours ago. Over the past two days, this address and another address have transferred a total of 3,634.2 ETH to the exchange, equivalent to approximately $13.29 million at current prices. On-chain data shows that this batch of ETH was purchased between February and March 2023, with an average entry price of approximately $1,521.95. If all were sold, it would be expected to realize a profit of approximately $7.796 million, a return rate of 141%.

Odaily Planet Daily reports that the Financial Intelligence Analysis Unit (FIU) under the Financial Services Commission (FSC) of South Korea officially launched its research project on August 6th titled "Second Phase of Virtual Asset Legislation and Stablecoin Anti-Money Laundering (AML) System Improvement Plan." The project will investigate the legislative and regulatory framework for global stablecoins and assess their feasibility as payment and cross-border settlement tools. The research will include differentiating between domestically and internationally issued stablecoins and analyzing the regulatory requirements applicable to their issuance, circulation, and redemption. The project will run until December 12, 2024, with a budget of 50 million won. (News1)

Odaily Planet Daily News: Magic Eden officially announced that it has distributed the second quarter airdrop rewards, totaling 10 million ME.

According to Odaily Planet Daily, according to Lookonchain monitoring, a whale closed its long position 5 hours ago, losing about US$5.33 million on ETH and about US$3.72 million on SOL, with a total loss of about US$9.05 million. Subsequently, the address quickly switched to shorting and established new short positions, including shorting 10,491 ETH (approximately US$38.7 million) and 100,000 SOL (approximately US$16.86 million), with a total short position value of more than US$55.7 million.

Odaily Planet Daily News: Ethan Vera, chief operating officer of mining company Luxor Technology, said that as the White House imposes high import tariffs on Bitcoin mining machines from Southeast Asia, the domestic mining machine market in the United States will be significantly compressed. On July 31, the US government officially finalized the imposition of a 19% reciprocal tariff on ASIC equipment imported from Indonesia, Malaysia, Thailand and other countries, bringing the total import tax rate for the relevant countries to 21.6%. The policy took effect on August 7. Vera noted that this policy is weakening the competitiveness of imported U.S. mining machines, leading to reduced customer demand and driving the outflow of mining machines to countries with lower tariffs, such as Canada. Meanwhile, U.S. operators are considering expanding overseas, while mining machine manufacturers are seeking to increase domestic production capacity to mitigate the impact. Luxor provides services to mining companies in 32 countries around the world, including mining pools, ASIC brokerage, firmware, and computing power derivatives, with the United States being its largest market. (The Block)

According to an official announcement from Odaily Planet Daily, Binance will adjust the minimum price fluctuation unit (TickSize) for six U-margin perpetual contracts, including MYXUSDT and NAORISUSDT, at 3:00 PM (Beijing Time) on August 11, 2025. The TickSize for each contract will fluctuate between 0.00001 and 0.0001. Existing orders will not be affected. (This news flash was generated by AI.)