Hong Kong stocks closed, with MINIMAX-W rising nearly 17%.

According to an official announcement, Binance Alpha will launch the "Alpha Blind Box" airdrop at 19:00 (UTC+8) this afternoon. The event adopts an upgraded "Alpha Blind Box" model, with the airdrop prize pool including tokens from multiple projects. Users holding at least 245 Alpha points are eligible to claim one token reward on a first-come, first-served basis. Claiming the airdrop will require the consumption of 15 Alpha points.

The U.S. Senate will enter recess on August 7, leaving an extremely narrow window for the CLARITY Act to pass before then. If a vote is not completed this week, the next viable timeline will be pushed to September; a further delay could push the bill’s implementation to after the midterm elections, meaning it may not take effect until 2027. Key sticking points on the bill currently involve Democrats’ insistence on adding ethics clauses for senior government officials engaged in crypto-related work, though the merged draft has not yet incorporated such provisions. During the regulatory vacuum, large crypto institutions like Coinbase and Circle are better able to adapt to uncertain environments thanks to their capital strength: ARK Invest increased its holdings in both companies this week, while Circle secured a federal national trust bank charter in July. By contrast, small and mid-sized crypto firms and DeFi projects continue to face pressure. On the market front, Polymarket data shows the probability of the CLARITY Act passing in 2026 has dropped to 23%, a sharp decline from Galaxy Research’s mid-May forecast of 67% to 75%. (Cryptopolitan)

According to Saudi media outlet Alhadath, senior sources have stated that Iran and Oman have reached a preliminary consensus on reopening the Strait of Hormuz. The deal could be announced in the coming days, though it still requires approval from Iran's Supreme National Security Council. The 60-day agreement is designed to restore navigation in the strategic waterway.

According to Hong Kong 01, the Hong Kong Police Force has updated details of the "Fun Coffee" virtual currency fraud case, disclosing that as of August 5, a total of 255 related reports have been received, an increase of 30 from earlier, with total case losses rising to approximately HK$104 million. Separately, the Macau Judiciary Police arrested two women in connection with 9 cases involving around MOP 3.6 million. Regarding a TVB artist who once hosted events linked to the Fun Coffee fraud, the Hong Kong Police said that during the investigation, they will contact victims and relevant parties to identify the fraud mastermind and the roles of all involved. BlockBeats Note: "Fun Coffee" claims to be a large-scale coffee investment enterprise based in Vietnam’s Phu Quoc Island, with capital exceeding US$1 billion. It entered Hong Kong at the end of 2025, building its image by hosting marathons, dinners, social events, distributing leaflets (even under the "anti-fraud" banner), and inviting artists to endorse it, while registering a company, opening an office and physical stores in Hong Kong. In reality, it lured the public to download an app to "complete tasks" and recharge with cryptocurrencies like Tether (USDT) under the guise of investing in "high-tech coffee equipment, gene optimization technology, and agricultural gear". The platform promised annualized returns as high as 197%–278% (with some claims reaching 222% or more), stating that larger investments and longer deposit periods would yield higher returns, and set up an upline-downline commission system to encourage referrals. In July 2026, the Hong Kong Securities and Futures Commission (SFC) classified it as a suspicious investment product. Later that month, the app suddenly shut down, withdrawals were blocked, customer service went missing, and its office and stores were vacated – marking the collapse of the fraud.

CryptoQuant analyst Axel Adler Jr. stated in a post that while Bitcoin has rebounded to $64,600, two on-chain flow metrics have not confirmed an influx of new demand. The Demand/Issuance Ratio is -5.43, and the coin-age net flow stands at -85,500 BTC. Both metrics have recovered from their July lows but remain negative. A Demand/Issuance Ratio below zero means the volume of young coins is shrinking faster than new issuance, a trend that has lasted around five months. A negative coin-age net flow signals that 85,500 BTC have been moved into the long-term holding category (held for over one year) over the past 30 days, pointing to a continued contraction in liquidity supply. The analyst added that the current rebound is primarily supported by liquidity supply contraction (coin aging, long-term holders’ reluctance to sell) and accumulation behavior, rather than new demand. A return of both metrics to above zero is an improvement signal, and a sustained Demand/Issuance Ratio above 1 is needed to confirm a genuine recovery.

According to on-chain detective Specter’s monitoring, the Triple-A attacker converted DAI into 2,620 ETH before depositing funds to Tornado Cash. The attacker has now deposited $4.99 million into Tornado Cash, with 26 transactions to the 100 ETH pool and 2 transactions to the 10 ETH pool. The attacker still holds approximately $6.7 million worth of DAI.