BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

Zcash co-founder Sean Bowe announced in a post that the Zcash community will hold an approximately 18-day token holder vote starting August 25 to determine the scope of the upcoming NU7 upgrade. The minimum voting participation threshold is 1 million ZEC, which must be held in the Ironwood network.

Hyperliquid Research Collective (HRC) released its Q2 2026 report, stating that real-world asset (RWA) perpetual contract trading on the Hyperliquid platform continues to grow. The proportion of HIP-3-related trading volume rose from 1.8% in the prior quarter to 20.7%, then climbed further to 32.2% in Q2, with quarterly transaction volume reaching $213 billion—accounting for nearly one-third of the platform’s total trading volume. The report shows that the Hyperliquid ecosystem gained more attention from traditional finance during Q2, with three HYPE ETFs launching for trading, providing investment channels for institutional investors unable to custody tokens directly. Meanwhile, asset management firms including Hyperliquid Strategies have steadily built HYPE reserves; currently, funds and related treasuries hold approximately 7.7% of the total HYPE supply. On the data front, HYPE rose 79% in Q2, hitting a historical high of $76.90, while Bitcoin fell 14% over the same period. Hyperliquid protocol revenue recovered growth after hitting a bottom in April, with monthly revenue at quarter-end reaching $169 million, pushing cumulative protocol revenue past $1 billion, of which $141 million was returned to holders via buybacks.

Iranian Deputy Foreign Minister Ali Garibabadi stated that an agreement between Iran and Oman on merchant vessel passage through the Strait of Hormuz is nearing finalization, with the two sides planning to establish a new transit model different from that of the past 60 years. Garibabadi added that Iran and the U.S. are not currently holding direct negotiations, but have received messages from the U.S. side indicating its readiness to resume honoring commitments under a previously signed memorandum of understanding. Markets continue to monitor developments in the Strait of Hormuz and their impact on crude oil, gold, and safe-haven assets.

South Korea's storage sector weakened, with Southern's double-long SK Hynix (07709) falling 16.02% and Southern's double-long Samsung Electronics (07747) declining 10.92%.

According to the Financial Times, multiple large Wall Street hedge funds have recently been targeted by a series of cyberattacks, triggering widespread industry vigilance over software system vulnerability risks. People familiar with the matter revealed that Point72, owned by billionaire Steve Cohen, and Ken Griffin’s Citadel, have both recently fallen victim to "audio phishing"—a scam where attackers seek to obtain private information via phone calls or similar means. One source added that at one hedge fund, cybercriminals posed as the firm’s customer service representatives, contacting employees to try to get login credentials for their authentication applications.

Zcash co-founder Sean Bowe stated in a post that the Zcash community will hold an approximately 18-day token holder vote starting August 25 to decide the scope of the upcoming NU7 upgrade. The minimum voting participation threshold is 1 million ZEC, which must be held in the Ironwood network.