US-Iran tensions stoke inflation fears, with US and European mortgage rates surging across the board, putting renewed pressure on housing markets.

Cardano ecosystem wallet project SecondFi has announced the launch of a wallet migration tool and unveiled a recovery plan for assets affected by the June 2026 incident. SecondFi stated that as the project will cease operations, users need to migrate remaining assets still held in SecondFi wallets. The migration tool is scheduled to go live on August 13, supporting eligible ADA, Cardano-native tokens, and NFTs to be transferred to new Cardano wallets created by users’ chosen service providers. The tool currently only supports Cardano network assets; non-Cardano assets must be transferred separately via their respective networks and wallet processes. SecondFi noted that the migration tool has passed an independent security assessment by security firm Bitdefender, and users should read the official usage instructions and security tips before proceeding. Additionally, for assets affected by the June 2026 security incident, SecondFi plans to launch a recovery portal by September 10. Users can verify wallet ownership via zero-knowledge proof (ZK Proof) and submit claims for affected assets. SecondFi reminds users to only use links from official channels, including @secondfiapp, @secondfi_jp, and the official support website, to avoid phishing sites and impersonation accounts that have emerged recently.

Zhipu (02513.HK) announced today the launch of GLM-5.3. The model uses the same base architecture as GLM-5.2, with all performance improvements coming from post-training optimizations. Compared to GLM-5.2, GLM-5.3 performs better in complex coding and long-horizon tasks. Boasting enhanced coding capabilities, it is currently the most powerful open-weight model. In internal Z.ai code benchmark tests, its performance is 50% higher than that of GLM-5.2. Additionally, when scaled for post-training deployment, its network capability development has exceeded expectations. On the CyberGym platform, GLM-5.3 leads in vulnerability detection, with the most significant improvement seen in the latter part of exploitation chains—its performance in exploitation benchmarks is over twice that of GLM-5.2. The model weights will be released two weeks after this announcement, following the completion of security evaluations and reinforcement work.

Latest data from Bitget shows that the platform’s TradFi (Traditional Finance) contract trading volume surpassed $100 billion in July, hitting a single-day peak of $10 billion, reflecting surging global user demand for trading traditional financial assets in crypto derivatives markets. As a core growth engine of the TradFi segment, Bitget’s stock contracts have exhibited strong market penetration. Currently, roughly one in three contract trades on the platform come from stock contracts. As of press time, Bitget supports 272 popular U.S. stock and ETF contract underlyings.

On-chain analyst Murphy states that all BTC positions bought in 2025 are currently underwater for their holders. Thus, aside from wallet migrations, the reduction in the size of 2025 BTC holdings most likely signals holders selling at a loss. Data shows that as of now, roughly 4.77 million BTC positions bought in 2025 remain, down 41.5% from their December peak. The downward trend of these holdings has unfolded in two phases: a sharp decline before February this year, followed by a significant slowdown in the reduction rate after February, though a steady downward slope persists. Murphy notes that 2025 BTC holdings represent the largest potential supply side in the current market. By contrast, BTC holdings accumulated in 2024, 2023, and 2022—still holding unrealized gains—have largely completed the release of high-level trapped positions, with their decline slope gradually flattening, indicating easing selling pressure from long-term holders. Historical data shows that during the bottom of the past two bear markets, high-level holdings saw notable declines: at the 2022 bear market bottom, holdings bought at the 2021 peak fell by ~51%; at the 2018 bear market bottom, 2017 peak holdings dropped by ~62%. Drawing on historical cycles, Murphy estimates that during the current bear market bottom, the decline in 2025 peak holdings could hit 50%-60%, with the current 41.5% drop leaving room for further liquidation. However, this assessment does not account for BTC purchased by institutions including spot ETFs and MicroStrategy; these holdings are mostly locked in long-term positions, which could reduce actual market supply pressure.

Ethereum Layer2 network Robinhood Chain has recorded abnormal user growth recently, with daily active addresses surging from a previous normal level of around 280,000 to 1.9 million on August 11, and further exceeding 5.2 million on August 12, drawing widespread market attention. On-chain activity indicates this growth is primarily driven by three applications: Uniswap (trading, liquidity pools, and Poolstrade launchpad), StonkPit (stock token trading), and OpenSea (NFT trading), with Uniswap accounting for a large share of the activity. Robinhood Chain integrated Uniswap as its core AMM liquidity infrastructure at launch, and also supports OpenSea trading of stock tokens, NFTs, and community tokens. Robinhood’s key advantage is its native user base: through Robinhood Wallet integration, low-barrier experience, and potential incentive mechanisms, the platform can rapidly convert traditional finance users to on-chain users. When paired with meme trends, new product launches, or ecosystem subsidies, it can easily generate short-term explosive growth. That said, on-chain daily active address data requires cautious interpretation. Such a large short-term surge typically includes a significant number of bot addresses, wash trading accounts, incentive farming participants, and low-quality interaction addresses, meaning the actual number of valid users may be far lower than the reported figure. The market will closely monitor the sustainability of Robinhood Chain’s user growth moving forward. If activity is mainly fueled by meme speculation, short-term events, and gas subsidies, user data could see a sharp decline once the hype subsides.

According to GMGN market data, the stock-themed meme token UTILITY on Binance Wallet has seen its market cap drop back to $7.3 million, with its 24-hour price surge narrowing to 18.5x and 24-hour trading volume hitting $20.3 million. UTILITY’s market cap once briefly surpassed $10 million last night. Earlier, on January 30, CZ posted that GME should issue a utility token on the blockchain, preferably on BSC. Today, bStocks’ official account reposted CZ’s old tweet and announced that GMEB, the tokenized GameStop stock on bStocks, is now tradable on the platform. BlockBeats Note: UTILITY’s trading pair is UTILITY/GMEB, not the usual liquidity pairs like BNB or USDT. This is part of the popular "stock meme" trend on BSC, using bStocks’ tokenized US stock (here GMEB) as the liquidity pool, centered on the classic narrative of GameStop’s retail investors vs. Wall Street and meme stocks. BlockBeats reminds users that most meme coins have no real use cases, experience high price volatility, and investment requires caution.