According to Arkham monitoring, a whale withdrew 500 BTC from Binance 2 hours ago. Its current holdings total 3,000 BTC, worth approximately US$356 million.

Odaily Planet Daily reported that according to Lookonchain monitoring, three wallets that may belong to the same whale unstaked a total of 14,942 ETH in the past hour, worth approximately US$64.38 million, and transferred the relevant funds to the Binance exchange.

Binance Alpha announced that it will list the Overlay Protocol (OVL) on August 14th, becoming the first platform to support the project. Eligible users can claim the airdrop using Binance Alpha Points after trading begins. Detailed details will be announced soon.

According to Ari Redbord, global policy director at TRM Labs, the recent surge in new regulations in the United States regarding stablecoins and market structure is helping to attract large banks and institutions to provide crypto asset services, but it is also raising concerns about insufficient law enforcement personnel. This year, large-scale government layoffs driven by US President Trump and former DOGE owner Elon Musk have affected key agencies such as the SEC, OCC, and FDIC, with over 2,000 related positions cut in May. Lee Reiners, a financial regulation expert at Duke University, warned that regulatory gaps could lead to increased risks of fraud and investor abuse. Some institutions are relying on AI tools to compensate for these regulatory deficiencies. (DLNews)

According to Odaily Planet Daily, Bitrace has been monitoring the business address traffic of VAOTC entities located in Hong Kong or primarily serving Hong Kong clients (covering TRC20-USDT outbound transfer data from all service providers between June 1 and July 31, and August 1 to August 8, 2025, Beijing time, and excluding non-operational transfer activities between business addresses). Between June 1 and July 31, all business addresses transferred out a total of 3.17 billion USDT, an average of 52.04 million USDT per day; between August 1 and August 8, all business addresses transferred out a total of 279 million USDT, an average of 34.9 million USDT per day. Compared to before the regulations came into effect, the overall size of the stablecoin exchange market decreased by 32.94% after August 1. Furthermore, after the regulation came into effect, the average daily USDT outflow from the business addresses of store-based service providers decreased by 43.20% (from 9.47 million to 5.38 million), while the number of business addresses of non-store-based service providers decreased by 30.65% (from 42.57 million to 29.52 million). The significant impact on store-based service providers compared to non-store-based providers suggests that some businesses in Hong Kong's OTC trading industry have gone underground in a short period of time since the regulation took effect.

Odaily Planet Daily reported that KaitoAI published an article stating that Ethereum has continued to rise strongly since April, and market sentiment is much higher than at any time in the past year, setting a new high.