Federal Reserve's Harker: May Temporarily Hold Rates Steady

According to market sources, Base App’s official Twitter account appears to have unfollowed Base co-founder Jesse, with multiple crypto users sharing bot screenshots to spark discussions. The incident comes after Jesse’s mid-July strategic adjustment, during which he publicly acknowledged Base’s failed bets on on-chain social and creator tokens, returning Base App’s leadership to Coinbase and handing control to Cobie (Jordan Fish). Jesse will now focus on developing the Base chain, aiming to establish it as a “global financial blockchain”. Since then, Base App has further shifted toward a transaction-first, multi-chain strategy.

Crypto whale Jason Leo, known for his "10 big targets" approach, posted a reflection on his recent trading experience this morning, stating he’s re-evaluating discipline and risk control in trading. Jason revealed he made roughly $100 million in profits during the last crypto cycle, but due to his long-term adherence to trend-following, he failed to cut losses promptly after the market reversed, resulting in a significant drawdown of his profits. This experience led him to identify two core trading principles: discipline and risk management. He explained that in the early phase of this cycle, he stuck to trend trading, predicting Bitcoin would reach the $74,000 target and viewing the fluctuations during that period as part of the upward trajectory. However, as the price neared the target, risk awareness stemming from his past losses began to skew his judgment, prompting him to exit his position early. Jason noted that even though Bitcoin ultimately hit $74,000, he missed out on holding through to that point. He attributed his last cycle error to over-reliance on trends, while this time he abandoned the trend prematurely out of fear of repeating past mistakes. Jason concluded that the biggest challenge in trading isn’t beating the market, but shedding ingrained perceptions formed by past experiences. “Experience that fails to adapt to changing circumstances is essentially bias; discipline without judgment is essentially mechanical.”

According to PeckShield monitoring, The Sandbox (SAND) has suffered an abnormal security incident. Attackers are suspected of exploiting a vulnerability to abnormally mint approximately 14.9 billion SAND tokens in two addresses. As of now, The Sandbox team has not yet released confirmation of the incident or details of the underlying vulnerability. The scope of the attack's impact and whether any funds were lost remain under further investigation.

According to HTX market data, the overall cryptocurrency market has pulled back, with Bitcoin briefly falling below $77,000, Ethereum briefly dropping below $2,400, and SOL briefly slipping below $90.

According to HTX market data, ZEC experienced a short-term downward "pin drop" that pushed its price down over 14%, and has now rebounded to $792, with its 24-hour gain narrowed to 32%.

According to Coinglass data, the crypto market experienced a short-term flash crash, with $523 million in network-wide liquidations over the past hour: $448 million in long positions and $74.76 million in short positions. Over the last 24 hours, a total of 286,130 traders globally were liquidated, bringing total liquidation volume to $1.801 billion. The largest single liquidation order occurred on Hyperliquid’s BTC-USD pair, valued at $24.96 million.