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On August 20, according to monitoring by Yu Jin, the address group related to Hyperliquid's largest long position holds approximately $487 million worth of BTC and ETH longs through 11 addresses, with the holding period nearing 4 months. This address group collectively holds 3,000 BTC longs and 120,000 ETH longs, valued at approximately $216 million and $271 million, respectively, with an average opening price of about $72,000 for BTC and $2,260 for ETH. Following a market rise in the past two days, their position has recovered from a peak unrealized loss of $120 million in early July to break even.

[Hyperliquid's Largest Long Position Recovers from $120 Million Loss to Break Even]On August 20, according to monitoring by Yu Jin, the address group related to Hyperliquid's largest long position holds approximately $487 million worth of BTC and ETH longs through 11 addresses, with the holding period nearing 4 months. This address group collectively holds 3,000 BTC longs and 120,000 ETH longs, valued at approximately $216 million and $271 million, respectively, with an average opening price of about $72,000 for BTC and $2,260 for ETH. Following a market rise in the past two days, their position has recovered from a peak unrealized loss of $120 million in early July to break even.

Hyperliquid's Largest Long Position Recovers from $120 Million Loss to Break Even

On August 20, according to monitoring by Yu Jin, the group of addresses related to Hyperliquid's largest long position holds approximately $487 million in BTC and ETH long positions through 11 addresses, with the holding period nearing 4 months. This address group collectively holds 3,000 BTC long positions and 120,000 ETH long positions, valued at approximately $216 million and $271 million, respectively, with an average opening price of about $72,000 for BTC and about $2,260 for ETH. Following a market uptick in the past two days, their position has recovered from a peak unrealized loss of $120 million in early July to essentially break-even.

[Hyperliquid's Largest Long Position Recovers from $120 Million Loss to Break-Even]On August 20, according to monitoring by Yu Jin, the group of addresses related to Hyperliquid's largest long position holds approximately $487 million in BTC and ETH long positions through 11 addresses, with the holding period nearing 4 months. This address group collectively holds 3,000 BTC long positions and 120,000 ETH long positions, valued at approximately $216 million and $271 million, respectively, with an average opening price of about $72,000 for BTC and about $2,260 for ETH. Following a market uptick in the past two days, their position has recovered from a peak unrealized loss of $120 million in early July to essentially break-even.

Hyperliquid's Largest Long Position Recovers from $120 Million Loss to Break-Even

On August 20, according to HTX market data, Bitcoin has surpassed $72,000, with a 24-hour increase of 11.8%.

[Bitcoin Surpasses $72,000, 24-Hour Increase of 11.8%]On August 20, according to HTX market data, Bitcoin has surpassed $72,000, with a 24-hour increase of 11.8%.

Bitcoin Surpasses $72,000, 24-Hour Increase of 11.8%

Wang Ning, founder of Pop Mart (09992.HK), stated during the interim results conference call that the group will initiate a share buyback plan of no less than 2 billion and no more than 5 billion RMB within the next six months. This is also the first time the company has announced a share buyback plan during an earnings call. As of April 2026, the total amount repurchased by the company is approximately 1.744 billion HKD.

[Pop Mart's Wang Ning: Company to Launch Share Buyback Plan of 2-5 Billion RMB in Next 6 Months]Wang Ning, founder of Pop Mart (09992.HK), stated during the interim results conference call that the group will initiate a share buyback plan of no less than 2 billion and no more than 5 billion RMB within the next six months. This is also the first time the company has announced a share buyback plan during an earnings call. As of April 2026, the total amount repurchased by the company is approximately 1.744 billion HKD.

Pop Mart's Wang Ning: Company to Launch Share Buyback Plan of 2-5 Billion RMB in Next 6 Months

Wang Ning, founder of Pop Mart (09992.HK), stated during the mid-term earnings conference call that the group will initiate a share buyback plan of no less than 2 billion and no more than 5 billion RMB in the next six months. This is the first time the company has announced a share buyback plan during an earnings call. As of April 2026, the total amount repurchased by the company is approximately 1.744 billion HKD.

[Pop Mart's Wang Ning: Company to Launch Share Buyback Plan of 2-5 Billion RMB in Next 6 Months]Wang Ning, founder of Pop Mart (09992.HK), stated during the mid-term earnings conference call that the group will initiate a share buyback plan of no less than 2 billion and no more than 5 billion RMB in the next six months. This is the first time the company has announced a share buyback plan during an earnings call. As of April 2026, the total amount repurchased by the company is approximately 1.744 billion HKD.

On August 20, KuCoin announced that its Artificial Intelligence Management System (AIMS) has officially received the ISO/IEC 42001:2023 international certification, further enhancing the company's systematic capabilities in the responsible deployment, governance, and continuous improvement of artificial intelligence. This certification is the world's first international standard for AI management systems, providing an internationally recognized management framework for enterprises to establish, implement, maintain, and continuously improve their AI management systems. The certification covers KuCoin's AI management system and related support functions, promoting the transparent, secure, and responsible application of AI in platform operations. As AI increasingly integrates into digital financial scenarios such as risk control, anti-money laundering, fraud detection, market monitoring, intelligent customer service, and platform operations, KuCoin continues to advance AI innovation alongside trustworthy governance. This certification further enhances KuCoin's trust framework, building a reliable infrastructure that encompasses information security, operational reliability, business continuity, and AI governance, alongside ISO/IEC 27001, SOC 2 Type II, and ISO 22301.

[KuCoin Achieves ISO/IEC 42001 Certification for AI Management System]On August 20, KuCoin announced that its Artificial Intelligence Management System (AIMS) has officially received the ISO/IEC 42001:2023 international certification, further enhancing the company's systematic capabilities in the responsible deployment, governance, and continuous improvement of artificial intelligence. This certification is the world's first international standard for AI management systems, providing an internationally recognized management framework for enterprises to establish, implement, maintain, and continuously improve their AI management systems. The certification covers KuCoin's AI management system and related support functions, promoting the transparent, secure, and responsible application of AI in platform operations. As AI increasingly integrates into digital financial scenarios such as risk control, anti-money laundering, fraud detection, market monitoring, intelligent customer service, and platform operations, KuCoin continues to advance AI innovation alongside trustworthy governance. This certification further enhances KuCoin's trust framework, building a reliable infrastructure that encompasses information security, operational reliability, business continuity, and AI governance, alongside ISO/IEC 27001, SOC 2 Type II, and ISO 22301.

KuCoin Achieves ISO/IEC 42001 Certification for AI Management System

On August 20, KuCoin announced that its Artificial Intelligence Management System (AIMS) has officially received ISO/IEC 42001:2023 international certification, further enhancing the company's systematic capabilities in the responsible deployment, governance, and continuous improvement of artificial intelligence. This certification is the world's first international standard for AI management systems, providing an internationally recognized management framework for enterprises to establish, implement, maintain, and continuously improve their AI management systems. The certification covers KuCoin's AI management system and related support functions, further promoting the transparent, secure, and responsible application of AI in platform operations. As AI increasingly integrates into digital financial scenarios such as risk control, anti-money laundering, fraud detection, market monitoring, intelligent customer service, and platform operations, KuCoin continues to advance AI innovation alongside trustworthy governance. This certification further enhances KuCoin's trust framework, building a reliable infrastructure that encompasses information security, operational reliability, business continuity, and AI governance, alongside ISO/IEC 27001, SOC 2 Type II, and ISO 22301.

[KuCoin Achieves ISO/IEC 42001 Certification for AI Management System]On August 20, KuCoin announced that its Artificial Intelligence Management System (AIMS) has officially received ISO/IEC 42001:2023 international certification, further enhancing the company's systematic capabilities in the responsible deployment, governance, and continuous improvement of artificial intelligence. This certification is the world's first international standard for AI management systems, providing an internationally recognized management framework for enterprises to establish, implement, maintain, and continuously improve their AI management systems. The certification covers KuCoin's AI management system and related support functions, further promoting the transparent, secure, and responsible application of AI in platform operations. As AI increasingly integrates into digital financial scenarios such as risk control, anti-money laundering, fraud detection, market monitoring, intelligent customer service, and platform operations, KuCoin continues to advance AI innovation alongside trustworthy governance. This certification further enhances KuCoin's trust framework, building a reliable infrastructure that encompasses information security, operational reliability, business continuity, and AI governance, alongside ISO/IEC 27001, SOC 2 Type II, and ISO 22301.

On August 20, sources revealed that Elon Musk's social media platform X is exploring the use of stablecoins, including Circle's USDC, to pay royalties to content creators and influential users. Discussions are still ongoing. Stablecoins have become an important tool for blockchain payments due to their faster and lower-cost cross-border payment capabilities. Recently, X has also been adjusting its creator incentive mechanisms, planning to replace the existing revenue-sharing program with an 'Original Content Reward Program' to reward original content, professional opinions, reporting, creativity, and commentary.

[X Explores Paying Creators with Stablecoins]On August 20, sources revealed that Elon Musk's social media platform X is exploring the use of stablecoins, including Circle's USDC, to pay royalties to content creators and influential users. Discussions are still ongoing. Stablecoins have become an important tool for blockchain payments due to their faster and lower-cost cross-border payment capabilities. Recently, X has also been adjusting its creator incentive mechanisms, planning to replace the existing revenue-sharing program with an 'Original Content Reward Program' to reward original content, professional opinions, reporting, creativity, and commentary.

X Explores Paying Creators with Stablecoins

火币HTX报道，8月19日，Strive CEO Matt Cole 发文表示，其过去十多年一直认为美元指数（DXY）处于结构性下行趋势，目前可能正接近更大级别的下跌阶段。如果这一判断成立，未来 5 至 7 年比特币所处的宏观环境可能比其历史上任何时期都更加利好。 
Cole 指出，过去约 45 年美元指数整体呈现更低的高点和更低的低点，而美国联邦债务和财政赤字持续扩大、长期美债风险上升，也在基本面上支持这一判断。他认为，政策制定者最终需要在更高实际利率、更紧金融条件，与较低实际利率、维持流动性及一定程度货币贬值之间进行权衡。 
他表示，比特币此前几轮主要上涨均伴随美元明显走弱，包括 2017 年 DXY 由约 103 降至 88、2020 至 2021 年由约 103 降至 89，以及 2025 年由约 108 回落。其基准判断是，美元未来 3 至 7 年可能进入新一轮多年下跌，DXY 甚至存在最终挑战 2008 年约 70 低点的可能。 
Cole 还提到，美国财政部今日宣布将 10 年至 30 年期美债的流动性支持回购操作规模至少扩大一倍。他认为，若美元最终出现真正的长期结构性下破，比特币未来 5 至 7 年的宏观顺风可能显著强于历史任何阶段。

【Strive CEO：未来5至7年比特币或迎史上最强宏观顺风，美元走弱将显著利好比特币】火币HTX报道，8月19日，Strive CEO Matt Cole 发文表示，其过去十多年一直认为美元指数（DXY）处于结构性下行趋势，目前可能正接近更大级别的下跌阶段。如果这一判断成立，未来 5 至 7 年比特币所处的宏观环境可能比其历史上任何时期都更加利好。 
Cole 指出，过去约 45 年美元指数整体呈现更低的高点和更低的低点，而美国联邦债务和财政赤字持续扩大、长期美债风险上升，也在基本面上支持这一判断。他认为，政策制定者最终需要在更高实际利率、更紧金融条件，与较低实际利率、维持流动性及一定程度货币贬值之间进行权衡。 
他表示，比特币此前几轮主要上涨均伴随美元明显走弱，包括 2017 年 DXY 由约 103 降至 88、2020 至 2021 年由约 103 降至 89，以及 2025 年由约 108 回落。其基准判断是，美元未来 3 至 7 年可能进入新一轮多年下跌，DXY 甚至存在最终挑战 2008 年约 70 低点的可能。 
Cole 还提到，美国财政部今日宣布将 10 年至 30 年期美债的流动性支持回购操作规模至少扩大一倍。他认为，若美元最终出现真正的长期结构性下破，比特币未来 5 至 7 年的宏观顺风可能显著强于历史任何阶段。

Strive CEO：未来5至7年比特币或迎史上最强宏观顺风，美元走弱将显著利好比特币

Bitcoin keeps traders guessing near $64K as stocks gain on cool US PPI data

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Bank of Montreal Reports $2,970 XRP Position in $303 Billion Portfolio

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Staking Inflation Reforms Trap Ethereum and Solana

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30 Years After Being Crushed by AI, People Have Fallen Back in Love with Chess

Strive CEO：未来5至7年比特币或迎史上最强宏观顺风，美元走弱将显著利好比特币

Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

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