US Stock Futures Dive Further

US Vice President JD Vance stated in an interview with Fox News that Iran has informed the U.S. it has "no immediate" plans to impose tolls on the Strait of Hormuz. "Some individuals within Iran’s establishment have certainly discussed levying such tolls. However, Iran has told us it has no plans to charge tolls for passage through the Strait of Hormuz, and has also conveyed this position to us—something the entire Gulf coalition expects. But we do not take such statements at face value; we will verify them. Our focus is not on people’s words, but on their actions."

According to monitoring by Onchain Lens, BitMEX has once again transferred 367.65 BTC from cold wallets to hot wallets, valued at approximately $23.92 million based on current prices. The exchange has carried out multiple such transfers over the past week, likely related to processing user withdrawal requests after it announced its closure last month.

According to Onchain Lens monitoring, addresses linked to the Solana OG attacker (0xd229...9D15, 0x501...f051) transferred 2,290 ETH to Tornado Cash, worth $4.39 million. The operation occurred nearly a month after the $14.2 million attack in question; the same address cluster also used Tornado Cash two weeks earlier.

According to on-chain monitoring by YuE, an address plans to go long on 500,000 SOL (valued at $38 million) via the TWAP method. So far, 186,000 SOL (worth $14.16 million) has been filled, with an average long entry price of $76.

The Bitcoin network has experienced a fork stemming from the BIP-110 proposal. Nodes supporting the proposal rejected blocks lacking a support signal at block height 961,632. As of now, the Bitcoin main chain has advanced to block 961,651, while the BIP-110 fork chain has only reached block 961,633, trailing the main chain by 18 blocks. BIP-110 is a one-year rule adjustment proposal aimed at restricting the writing of non-financial data in Bitcoin transactions, including uses such as Ordinals inscriptions. The proposal requires at least 1,109 blocks (55%) to send support signals within a cycle of 2,016 blocks (roughly two weeks) to activate, but only 51 blocks supported it in the previous cycle, accounting for just 2.53%. Currently, the BIP-110 chain still needs more miner support to continue advancing. Per the rules, the chain must reach block 963,648 to lock in the regulations, and will officially implement the restrictions starting from block 965,664, which will remain in effect for approximately one year. Earlier reports noted that Bitcoin developer Kevin Loaec warned that if the Bitcoin fork tied to the controversial BIP-110 proposal occurs this weekend, holders may face the risk of their actual BTC being transferred when selling fork chain tokens.

White House cryptocurrency advisor Patrick Witt posted on X that the U.S. Congress has been advancing legislation on crypto market structure for years, and the Senate has been negotiating the CLARITY Act since last summer. However, over the past week, Senate Majority Leader Chuck Schumer and so-called "crypto-friendly Democrats" blocked the bill from holding a procedural vote before the congressional recess, demanding further delays. Patrick Witt warned that if the bill fails to make progress by September 15, its likelihood of passage will drop sharply.