Data: Web3 social application Towns has over 400,000 total users, with over 200,000 token holders

US President Donald Trump will raise tariffs on Canadian automobiles and steel to 50%. In a post, Trump claimed that Canada has been taking advantage of the United States for years. He noted that Canada imposes exorbitantly high tariffs on American farmers and agricultural products, making it difficult for these "great American patriots" to make a living, and has long maintained a $60 billion trade deficit between the two nations. "This situation is unsustainable and will not continue!" he wrote. Starting January 1, 2027, tariffs will be increased to 50% on all cars, trucks (both large and small), auto parts, and steel. Goods produced in the U.S. will not be subject to tariffs at all. "Canada will no longer be treated as a state!" he added. "Whether in trade or other areas, Canada is one of the most difficult countries in the world to deal with. They think they deserve special treatment as a matter of course, but the truth is, we don't need Canada—they need us! 95% of Canada's business is conducted with the U.S., while our situation with Canada is the exact opposite!"

According to BIT (bit.com) market data, the US stock market’s optical communication sector suffered a sharp slump at opening, with AAOI plunging over 17% amid its planned $600 million at-the-market (ATM) equity offering, which has exerted short-term structural selling pressure and sustained downward pressure on the stock. Declines breakdown: Roundhill Optics Module ETF (LYTE) dropped 7.3%; Pure Photonics ETF (FOTO) fell 5.8%; Applied Optoelectronics (AAOI) down 17.47%; Corning (GLW) down 4.4%; Coherent (COHR) down 8.4%; Marvell Technology (MRVL) down 6.9%; Lumentum Holdings (LITE) down 7.5%; Ciena Corporation (CIEN) down 7.3%. Applied Optoelectronics (AAOI) announced on August 21 that it has signed an equity distribution agreement with Raymond James and Needham & Company, launching an up-to-$600 million ATM offering program. The company may sell common shares in batches at market prices at any time, with no mandatory sale obligation, and can suspend or terminate the program at will. The offering is primarily for flexible financing to support business expansion.

Perpetual contract protocol HertzFlow, backed by YZi Labs, has officially launched mainnet trading. Users can trade, provide liquidity (LP), and refer friends to earn Merit points. The earlier Genesis Vault pre-deposit campaign has concluded, with early participants (Genesis early birds) receiving 230,000 WLFI tokens as allocation. The project has now added an extra 390,000 WLFI tokens as liquidity incentives to the USD1 Vault. The campaign runs until August 31, has no cap, and is open to all users. Eligible users (those who participated in the pre-deposit or were active on the testnet) can access the mainnet directly, while new users require an invitation code. It currently supports BTC, ETH, and BNB trading pairs, with more markets to be expanded in the future. According to the introduction, HertzFlow aims to build a permissionless leveraged trading market for oracle-backed assets, and further activate on-chain liquidity on BNB Chain via composable DeFi strategies, converting more on-chain funds into yield-generating liquidity assets.

According to market data from BIT (bit.com), the Dow Jones Industrial Average rose 0.13% at the opening of US stock trading, the S&P 500 fell 0.19%, and the Nasdaq dropped 0.4%. All crypto-related stocks advanced, with gains as follows: Strategy (MSTR) up 2.7%, Coinbase (COIN) up 2.4%, Circle (CRCL) up 3.5%, BitMine Immersion (BMNR) up 3.7%, and SharpLink Gaming (SBET) up 2.65%.

According to market data from BIT (bit.com), U.S. chip, semiconductor and storage sectors fell broadly after the U.S. stock market opened. The Philadelphia Semiconductor Index dropped 2%, with individual stock declines as follows: Micron Technology (MU) fell 5.5%; SanDisk (SNDK) plunged over 9%; Seagate Technology (STX) fell 4.48%; Western Digital (WDC) dropped 4.1%; SK Hynix ADR fell 5.5%; NVIDIA (NVDA) declined 0.66%; Intel (INTC) fell 3.3%; Advanced Micro Devices (AMD) dropped 2.6%.

According to on-chain analyst Ai Yi (@ai_9684xtpa), 10 addresses linked to BIT collectively hold over $323 million worth of long positions in ETH and BTC, with unrealized profits exceeding $41.95 million. Specifically, ETH long positions stand at 65,977.9684 ETH, valued at $165 million, generating over $15.08 million in unrealized profit; BTC long positions total 2,000 BTC, worth $158 million, with unrealized profits exceeding $26.87 million.