PANews reported on August 29 that the OKX market showed that BTC had just fallen below $112,000 and was currently trading at $111,997.70 per coin, down 0.60% on the day.

Odaily Planet Daily reported that crypto reporter Eleanor Terrett wrote, “The U.S. Commodity Futures Trading Commission (CFTC) is about to issue guidance to clarify its Foreign Platform for Trading (FBOT) registration rules, providing a legal path for non-U.S. trading platforms to allow U.S. users to trade on their platforms.

Acting Chairwoman Caroline D. Pham called it a way to “reshore” crypto activity that had previously been siphoned out by Biden-era law enforcement, while reaffirming a regulatory framework that has been in place since the 1990s.

For U.S. traders, this means legal access to more global liquidity; for the crypto industry, it is another step towards regulatory clarity and a move in the Trump administration’s “Crypto Sprint” strategy.”

According to Odaily's OKX market data, SOL has fallen below 210 USDT, currently trading at 209.99 USDT, a 24-hour drop of 0.92%. (This newsletter was generated with AI assistance.)

According to OKX market data from Odaily Planet Daily, the WLFI pre-market contract rose above 0.3 USDT and is now trading at 0.3148 USDT, up 18.7% in 24 hours.

Odaily Planet Daily reports that the judge in the case involving Federal Reserve Board Governor Tim Cook is scheduled to hold a hearing on Friday. (CNBC)

According to an article published by Bitcoin News on Odaily Planet Daily, Eric Yip of the Hong Kong Securities and Futures Commission and Legislative Council member Johnny Ng have withdrawn from the Hong Kong Bitcoin Conference. They were advised to avoid Eric Trump, who was scheduled to speak at the conference, to avoid the perception of close ties to President Trump.

According to Odaily Planet Daily, during a BNB Day fireside chat in Tokyo, CZ stated that BNB Chain is primarily community-driven. He doesn't personally contribute much, primarily tweeting and encouraging people to build. He also revealed that he holds a significant amount of BNB, with a significant portion of his wealth tied up in it.

If he were 20 years younger, CZ said he would develop an AI trading agent and a privacy-focused perpetual DEX. DEX trading volume will surpass CEX in the future, and DeFi is the future. He believes that RWA is still in its early stages but has great potential. He hopes to see a dedicated BNB Chain team in Japan. Japan is very suitable for technological development and has a good business culture. He hopes to see more AI and robotics projects appear on BNB Chain.

CZ believes that digital asset treasuries (DATs) make cryptocurrency investing more accessible through public markets and, if properly managed, sustainable. Single-asset treasuries are the simplest, while basket strategies are highly management-dependent. The next major breakthrough in the crypto space may come from AI, RWAs, and stablecoins within blockchain.

Odaily Planet Daily reported that Coinglass data showed that in the past 4 hours, the entire network had a liquidation of US$63.307 million, with long positions liquidated US$47.115 million and short positions liquidated US$16.192 million.

PANews reported on August 28 that the OKX market showed that ETH had just fallen below $4,500 and was currently trading at $4,493.20 per coin, down 3.53% on the day.

Odaily Planet Daily News Chain data shows that 14.59 billion WLFI have been transferred to the Lockbox contract, accounting for 14.59% of the total tokens, and the estimated value based on the current contract price is approximately US$4.1 billion.

According to previous news, the WLFI token will officially begin to be unlocked at 8:00 a.m. Eastern Time on September 1, and the relevant function page (Lockbox) has been launched.

PANews reported on August 28 that JPMorgan analysts said that Bitcoin's current price is "too low" compared to gold because its volatility has fallen to a historical low; Bitcoin's volatility has dropped from nearly 60% at the beginning of the year to about 30% now, a record low; therefore, Bitcoin's fair value is approximately US$126,000, and this target is expected to be achieved before the end of the year. Analysts say that factors such as corporate capital accumulation, index-driven inflows, and declining volatility have combined to increase Bitcoin's investment value. Lower volatility makes it easier for institutional investors to allocate capital, and the risk-adjusted valuations of Bitcoin and gold are now closer than ever. Analysts say that the volatility ratio of Bitcoin to gold has fallen to 2.0—the lowest level on record—meaning that Bitcoin consumes twice as much risk capital as gold in current portfolio allocations. Based on this, for Bitcoin's $2.2 trillion market capitalization to match the approximately $5 trillion in private gold investment, its market capitalization would need to increase by approximately 13%, or a theoretical price of $126,000. Analysts also note that this gap has shifted, from trading $36,000 above this fair value level at the end of 2024 to approximately $13,000 below it today, indicating that Bitcoin still has potential for further growth.

According to Odaily Planet Daily, there are differences between the results of the first batch of GDP on-chain public chains announced by the U.S. Department of Commerce and those announced by Chainlink.

The first public chains listed on the GDP data released by the U.S. Department of Commerce are: Bitcoin, Ethereum, Solana, TRON, Avalanche, Arbitrum, Polygon, Optimism, and Stellar.

Chainlink announced that the first batch of public chains to be on-chain for GDP are: "Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic and ZKsync"

Odaily Planet Daily reported that the Bitcoin priority protocol Portal to Bitcoin has received $50 million in new financing led by Paloma Investments, bringing the project's total financing to $92 million. The funds will be used to support the expansion of the company's adapter BitScaler. BitScaler can expand native Bitcoin without the use of wrapped tokens, custodial bridges, or "messaging or other insecure alternatives." Portal plans to use the new funds to expand its funding program and attract institutional and community liquidity providers. The company is also currently conducting pilot integrations with wallets and custody platforms to demonstrate non-custodial token swaps. (CoinDesk)

PANews reported on August 28 that according to CoinDesk, the Bitcoin-first protocol Portal to Bitcoin has received $50 million in new financing led by Paloma Investments, bringing the project's total financing to $92 million. The funds will be used to support the expansion of the company's adapter BitScaler. BitScaler can expand native Bitcoin without the use of wrapped tokens, custodial bridges, or "messaging or other insecure alternatives." Portal plans to use the new funds to expand its funding program and attract institutional and community liquidity providers. The company is also currently conducting pilot integrations with wallets and custody platforms to demonstrate non-custodial token swaps.

PANews reported on August 28th that Coinglass data showed that over the past 24 hours, the cryptocurrency market saw $259 million in liquidated contracts across the network, including $109 million in long positions and $150 million in short positions. The total liquidation amount for BTC was $37.996 million, and the total liquidation amount for ETH was $92.559 million.

Odaily Planet Daily market data shows that the US stock LINK treasury company Caliber has risen by more than 55% and is now trading at US$2.69.

Earlier news reported that the U.S. Department of Commerce is collaborating with Chainlink to put macroeconomic data on the chain.

Odaily Planet Daily reported that the European Commission proposed on Thursday to eliminate import tariffs on U.S. industrial goods as part of a trade agreement with the United States that should retroactively reduce U.S. tariffs on European cars. The proposal is the first step in implementing the framework agreement reached on July 27 between U.S. President Trump and European Commission President Ursula von der Leyen. Under the agreement, the EU accepted a broad 15% tariff to avoid a destructive trade war. The U.S. has agreed to reduce tariffs on EU-produced cars from 27.5% to 15% starting on August 1, the first day of the month the EU legislative proposal was submitted. (Jinshi)

PANews reported on August 28 that the OKX market showed that PYTH briefly broke through $0.2 and is now trading at $0.1983, with a daily increase of 69.73%. Earlier news reported that Pyth Network was selected by the U.S. Department of Commerce for the verification and distribution of on-chain economic data .

PANews reported on August 28th that Multipli, a real-time yield protocol, announced the completion of $5 million in new funding, bringing its total raised to $21.5 million. This funding includes a strategic reallocation of $16.5 million from the team's previous investment in Brine Fi. This capital will accelerate the expansion of Multipli's institutional-grade yield products for native crypto assets such as Bitcoin and tokenized gold. Multipli is a real-time yield syndication platform that unlocks superior risk-adjusted returns for typically non-yielding assets, including Bitcoin, tokenized gold, XRP, and stablecoins. Backed by Pantera, Sequoia Capital, and Elevation Capital, the platform has raised $21.5 million in the weeks since its mainnet launch, bringing its total value locked (TVL) to $95 million.

According to official news from Odaily Planet Daily, DeFi Development Corporation, a US-listed company, announced that it has increased its holdings by 407,247 SOL, bringing its total holdings to 1,831,011 SOL (approximately US$371 million).