A crypto whale purchased 50,000 ETH from a Fidelity-linked wallet and may subsequently transfer the holdings to Coinbase for sale.

Bitcoin developer Kevin Loaec warned that if a Bitcoin fork tied to the controversial BIP-110 proposal occurs this weekend, holders selling tokens from the forked chain may face the risk of their actual BTC being drained. Reports note that if Bitcoin splits into two chains, users’ BTC balances will exist on both chains. Some traders may attempt to sell seemingly "free" forked coins, but due to the lack of replay protection in the early stages of both chains, transactions signed when selling forked coins could be replicated on the original Bitcoin network, resulting in buyers receiving an equivalent amount of actual BTC. Loaec stated that without understanding how to safely split assets across the two chains, the safest option for holders is to refrain from any actions for now. Unmoved BTC will not be vulnerable to replay attacks, as there are no signed transactions to replicate. This risk stems from the BIP-110 proposal, which aims to restrict non-payment data such as images and text from being included in Bitcoin transactions. Lacking sufficient miner support, software backing BIP-110 may start rejecting non-compliant blocks from the expected block height of 961,632 this weekend, leading to a fork competing with the main chain. Currently, miner signaling support for BIP-110 stands at around 2.6%, far below the threshold needed for activation, so it remains uncertain whether a fork will actually materialize. However, if a small number of miners continue to maintain the BIP-110 chain, two separate transaction histories could emerge in the market. Analysts note that in the early stages of a fork, users need to proactively isolate their assets; otherwise, transactions involving forked coins could accidentally transfer actual BTC due to the lack of replay protection. The BIP-110-related transaction restrictions are expected to take effect around early September.

Whales keep accumulating $BTC. A newly created wallet (167YVr) received 1,346 $BTC ($87.28M) from #GalaxyDigital.

According to Lookonchain's monitoring, a newly created wallet address (167YVr) received 1,346 BTC from Galaxy Digital, worth approximately $87.28 million. Related address: 167YVrHeroj8yuiH8ZmMFazQjn5sPjKBa7.

According to market data from BIT (bit.com), AI application software stocks collectively closed higher. Among them: Atlassian (TEAM) surged 35.31%, Asana (ASAN) rose 6.68%, ServiceNow (NOW) gained 6.42%, MongoDB (MDB) jumped over 7%, Salesforce (CRM) increased 3.20%, Palantir (PLTR) climbed more than 10%, and Workday (WDAY) rose over 5%.

According to Axios, Trump Media & Technology Group (TMTG) is scaling back its crypto business, exiting two crypto-related deals it had been advancing with Crypto.com and Yorkville Acquisition Corp. Kevin McGurn, TMTG’s interim CEO, said the company wants to refocus on its media business and a potential merger plan with nuclear fusion energy firm TAE, noting that the digital asset treasury company market has become saturated over the past year. Specifically, TMTG, Crypto.com, and Yorkville have jointly announced the termination of the Trump Media Group CRO Strategy initiative. The three parties stated the decision was made based on “changes in the current market environment and adjustments to business and stakeholder priorities”. They also scrapped the previously announced service cooperation agreement and some digital asset product plans. Earlier, the project aimed to build a publicly listed company around Crypto.com’s Cronos blockchain and CRO token, generate revenue by building a large CRO token reserve, and become “the first and largest publicly traded CRO treasury company”. Additionally, TMTG and Crypto.com have scaled back plans to integrate a prediction market directly into the Truth Social platform, instead considering promoting Crypto.com’s prediction market products to Truth Social users through marketing partnerships. McGurn said the company believes TMTG is better suited to serve as a data and traffic distribution platform rather than operating underlying financial products. Currently, the number of clients for Truth Social’s data API business has risen to around 10, including high-frequency trading firms that use social media data to support algorithmic trading. The company also plans to explore licensing data to large AI model developers and prediction market platforms in the future.

According to Bloomberg, data center company Switch Inc. has confidentially filed for an initial public offering (IPO) in the U.S., becoming one of the data center firms seeking to go public amid the recent boom in artificial intelligence (AI) infrastructure investment. Sources familiar with the matter disclosed that Switch plans to list as early as November this year, and is currently working with investment banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley to advance the offering. The company is targeting an enterprise valuation (including debt) of nearly $50 billion after going public. Additionally, Ben Horowitz, co-founder of venture capital firm Andreessen Horowitz (a16z), will join Switch’s board of directors. Switch was previously preparing for a new round of funding led by a16z, and may seek a valuation of nearly $50 billion. Headquartered in Las Vegas, Switch operates data centers in Nevada, Michigan, Georgia, Texas, and other regions. The company is currently controlled by DigitalBridge, which in 2022 acquired Switch for approximately $11 billion including debt alongside other investors. The IPO filing comes as the capitalization of the AI data center industry accelerates. So far this year, multiple data center operators and related equipment and service companies have raised funds through U.S. IPOs. The market believes that as demand for AI model training and inference continues to grow, computing power infrastructure is emerging as a new hot spot drawing capital market attention.