US and Iranian officials say Iran and Oman are close to reaching a navigation agreement for the Strait of Hormuz.

Decentralized exchange BBX has launched Unitree’s pre-IPO perpetual contract, offering up to 20x leverage under the trading pair UNITREEUSDT. Unitree, a leading Chinese civilian robotics firm, is set to hold its initial public offering (IPO) on the Shanghai Stock Exchange’s STAR Market.

Prediction market platform Predict.fun data shows that as of press time, the market’s highest expectation for CASHCAT to reach a fully diluted valuation (FDV) of $250 million by September 2026 has an approximate probability of 11%; the probability of hitting $300 million FDV is around 9%, and the chance of reaching $500 million FDV is about 4%. The cumulative trading volume of this prediction market has now exceeded $4.43 million.

According to GMGN market data, the Robinhood Chain meme coin CASHCAT has rebounded to a market capitalization exceeding $75 million, surging more than 71% in the past 24 hours, with a 24-hour trading volume of $17.6 million. BlockBeats reminds users that meme coins are highly volatile, and investors should exercise caution regarding risks.

Coinbase announced that its Institutional International Exchange accounts, balances, and positions will officially migrate to the Deribit platform on September 9, with the entire switchover process expected to complete in under 30 minutes. The migration will force the settlement and re-establishment of existing positions, require early closure of existing margin loans, retain historical data, and mandate users to regenerate API keys. If institutional clients do not wish to participate in the migration, they must close their positions and International Exchange accounts by August 28 to exit; accounts that fail to exit by the deadline will automatically undergo migration. This move marks Coinbase integrating part of its institutional derivatives trading infrastructure into Deribit, a long-time leader in the cryptocurrency options market. Coinbase has previously collaborated with Deribit on clearing and liquidity.

According to Bitget market data, after the A-share market closed, the Shanghai Composite Index rose 0.33%, the Shenzhen Component Index gained 3.25%, and the ChiNext Index climbed 5.64%. The STAR 50 Index increased by 4.09%. Computing power leasing concepts remained strong: Meli Cloud notched three consecutive daily limit-ups; Litong Electronics and Hongjing Technology posted two daily limit-ups over three trading days; Gaole Co., Ltd. and Xingyun Technology hit daily limit-ups. CPO concepts rebounded amid fluctuations: Dongshan Precision, Huilv Ecological, and Huasheng Chang hit daily limit-ups. PCB concepts strengthened: Baoding Technology recorded two daily limit-ups over three trading days; Dongcai Technology, Hongban Technology, and Shennan Circuit hit daily limit-ups. The semiconductor equipment sector rallied with fluctuations: Jinhaitong hit a daily limit-up. AI application segments were repeatedly active: Chuanzhi Education achieved seven consecutive daily limit-ups; China Science Publishing & Media and Fanli Technology saw three daily limit-ups over five trading days. CRO concepts performed actively: WuXi AppTec, KaiLaiYing, and Baihua Pharmaceutical hit daily limit-ups.

Binance founder CZ stated that statistically, storing cryptocurrency on exchanges is safer than self-custody. Here are some thoughts: Assuming the data is accurate, my impression is that Willy has long been a staunch advocate of self-custody. For centralized exchanges, hack-related data is easier to collect, as such incidents typically make major news. In contrast, self-custody hacks and cryptocurrency loss events often go unreported, making it difficult to gather such data. For exchanges, some collapsed platforms reduce overall data quality. Binance (and several other exchanges) have long provided users with protection against hacks. I’m not claiming either approach is superior. Different methods carry distinct risk profiles (and product offerings) and may suit different groups. A balanced approach might be optimal. CZ cited a tweet from crypto analyst Willy Woo, which shows that 1.57 million BTC were lost via self-custody, while 1.51 million BTC were lost on exchanges.