DeepSeek restarts its financing round with a pre-money valuation of 500 billion yuan.

The Solana community is advancing two governance proposals aimed at reducing new SOL issuance and scaling up network fee burns to tighten the token’s supply. Proposal SIMD-0553 would introduce a resource-based transaction fee mechanism, charging fees based on the network resources each transaction consumes. It is projected to lift daily SOL burns from the current ~650 tokens (≈$47,000) to 7,500–9,000 tokens (≈$650,000). The second proposal, SIMD-0550, plans to double the rate at which Solana’s annual inflation declines, pushing the 1.5% minimum inflation target to 2029 instead of the original 2032 timeline. This measure is expected to cut ~18.9 million SOL from issuance over six years, worth ~$1.36 billion at current prices. To date, both proposals have garnered support from some validators. As of the latest data, ~24.94 million SOL have been cast in signal voting, representing just 5.8% of the 4.3265 million staked SOL. The community still needs ~39.95 million more SOL to hit the 15% threshold required to move to formal voting. The signal voting period closes on August 18. Sixteen validators have expressed support, with infrastructure firm Helius contributing ~16.03 million SOL—nearly two-thirds of the current total support. Notably, even if SIMD-0553 is approved, SOL will not immediately enter a deflationary state: at the maximum daily burn rate of 9,000 tokens, burns would still fall short of the current daily new SOL issuance of ~60,000. As such, the community is pushing both reforms—burn mechanism upgrades and lower issuance—together. If the proposals secure enough validator backing, Solana will revamp its long-term tokenomics via the dual mechanism of reduced new supply and increased burns.

A South Korean shareholder group has filed criminal charges against the CEOs of Samsung Electronics and SK Hynix, alleging their bonuses are not bound by collective bargaining agreements, and police have launched investigations into the case. On August 5, the group called the Korea Shareholder Movement Headquarters announced: "Under the Act on Aggravated Punishment of Specific Economic Crimes, the cases of Samsung Electronics and SK Hynix CEOs suspected of violating shareholder trust have been referred to the 1st and 2nd Investigation Divisions of the Gyeonggi Southern Provincial Police Agency respectively." On the 22nd of last month, the group submitted a complaint to the National Office of Investigation (NOI) of the Korean National Police Agency, accusing Samsung Electronics co-CEOs Jun Young-hyun and Noh Tae-moon, as well as SK Hynix CEO Kwak No-jung. The group argues that the executives approved bonus payments without fully reviewing labor agreements and established a payment mechanism that unreasonably consumes corporate assets, thus constituting breach of trust. (Jinshi)

The United States, Iran, and Oman are nearing a 60-day temporary agreement to reopen the Strait of Hormuz. Under the proposed plan, vessels entering the Persian Gulf will navigate through Iran’s territorial waters, while those exiting the Strait of Hormuz bound for the Arabian Sea will use Oman’s territorial waters. No transit or shipping fees will be charged during the initial 60-day period. The parties also agreed to clear naval mines from the Strait of Hormuz area to restore a safer shipping environment and create conditions for negotiations on a subsequent long-term transit arrangement.

According to Axios, the U.S., Iran, and Oman are nearing a provisional agreement to reopen the Strait of Hormuz, with U.S. officials aiming to announce the arrangement as early as Wednesday. Two regional sources and a U.S. official disclosed that the deal, negotiated over weeks, aims to restore a U.S.-Iran ceasefire and advance the resumption of nuclear deal talks. Trump had previously considered launching a large-scale military strike on Iran but decided to pause the operation last Saturday to make room for diplomatic negotiations. The proposed agreement would establish a 60-day provisional arrangement that could be extended based on conditions. Under the plan: Vessels entering the Persian Gulf will sail through the northern lane of Iran’s territorial waters; Vessels exiting the Strait of Hormuz bound for the Arabian Sea will use the southern lane of Oman’s territorial waters in coordination with Iran; No transit fees will be charged during the provisional period; All parties will clear mines from the strait’s central lane within 30 days; once completed, the central lane will open for two-way traffic, laying the groundwork for long-term arrangement negotiations. Sources said Qatar, Pakistan, and Saudi Arabia are also involved in mediation besides Oman. U.S. Special Envoy Steve Witkoff, Iranian Foreign Minister Abbas Araghchi, and Omani Foreign Minister Badr al-Busaidi have held multiple rounds of communications recently. Araghchi reportedly agreed to the deal in principle over the weekend, but it still needs approval from Iran’s top leadership and Supreme National Security Council. A U.S. official and a regional source stated Iran completed the approval process on Tuesday. If finalized, the deal could ease Middle East shipping risks, reduce global energy supply uncertainty, and significantly impact oil prices and risk asset sentiment. Earlier, escalating tensions in the Strait of Hormuz had sparked market concerns over disruptions to global oil supplies.

The U.S., Iran, and Oman are nearing a 60-day interim agreement to reopen the Strait of Hormuz. Under the proposed plan, vessels entering the Persian Gulf will navigate through Iranian waters, while those exiting the Strait of Hormuz bound for the Arabian Sea will use Omani waters. No tolls or transit fees will be charged during the initial 60-day period. All parties have also agreed to clear naval mines in the Strait of Hormuz region to restore safer shipping conditions and pave the way for subsequent negotiations on long-term transit arrangements.

Is Michael Saylor's @Strategy dumping $BTC again? Wallets linked to #Strategy transferred out 1,030 $BTC($66.14M) again 2 hours ago.