1. US July Unadjusted Core CPI Year-on-Year Rate Reaches Five-Month High, Exceeding Market Expectations
The US released July seasonally adjusted CPI month-on-month rate at 0.2%, in line with expectations, previous value 0.30%; July unadjusted CPI year-on-year rate at 2.7%, expected 2.8%, previous value 2.7%. July unadjusted core CPI year-on-year rate further rose to 3.1%, a five-month high, higher than the market expectation of 3.0%.
2. Slowmist Founder: Qubic Mining Pool Appears to Have Successfully Conducted 51% Attack on Monero
The 51% attack on Monero by the Qubic mining pool seems to have been successful, with the pool currently controlling the majority of network hash power, and a major blockchain reorganization detected this morning. Qubic can manipulate on-chain history, launch double spend attacks, and censor any transaction. Estimated attack maintenance cost is as high as $75 million per day. Qubic responded that the Monero experiment is proceeding exactly as planned, and everything will be revealed at the appropriate time.
3. Ethereum Vault Company BitMine Releases Prospectus Supplement Stating Potential Fundraising of Up to $20 Billion
Ethereum vault company BitMine released a prospectus supplement stating potential fundraising of up to $20 billion. Total common stock issuance price can reach up to $24.5 billion, with the current prospectus supplement allowing a maximum issuance price of $20 billion, previous supplements allowing $2.5 billion, and this supplement allowing $20 billion. Following the document's release, ETH price briefly broke through $4,400.
4. Bitrace: Hong Kong OTC Market Scale Drops 33% One Week After Stablecoin Regulations Take Effect
Bitrace analysis indicates that one week after stablecoin regulations took effect, on-chain data shows that from August 1-8, the average daily USDT outflow from Hong Kong's main OTC service providers (HKVAOTC) was $34.9 million, a 32.94% decrease from the pre-regulation period (daily average of $52.04 million from June 1 to July 31). Store-based service providers were more significantly impacted, with daily USDT outflow dropping 43.2%, much higher than the 30.65% for non-store-based providers, suggesting some businesses are moving underground.
5. US SEC Official Confirms Ripple Case Conclusion, Shifts Regulatory Focus to Crypto Policy Development
SEC Commissioner Hester Peirce stated that the SEC's lawsuit against Ripple has officially concluded, and efforts can now shift to developing crypto regulatory frameworks; SEC Chair Paul Atkins agreed, calling this an opportunity to move focus from litigation to policy drafting, with the goal of establishing a clear regulatory system that both promotes innovation and protects investors. Previously, the case accused Ripple of raising $1.3 billion through XRP sales without registering as a security.
