PANews’ Aug. 11 daily report led with Strategy’s larger cash position, Trump Media’s crypto-related loss, tougher South Korean rules for exchanges, and a fresh batch of whale transfers and ETF flow data.
Strategy raises cash, sells bitcoin, and expands its dollar reserve
Strategy Inc. said that between Aug. 3 and Aug. 9 it sold 6,585,682 MSTR common shares through its at-the-market program, generating about $653 million in net proceeds. The company said roughly $22.037 billion of issuance capacity remains.
Over the same period, Strategy sold 1,690 BTC for about $108.6 million at an average price of roughly $64,262 per coin. The proceeds were used to repurchase 1,152,020 shares of STRC preferred stock.
As of Aug. 9, the company held 840,447 BTC. Its cumulative acquisition cost was about $63.36 billion, with an average purchase price of roughly $75,385 per bitcoin. Strategy said its U.S. dollar reserve stood at about $4.65 billion.
CEO Phong Le also said bitcoin alone could not satisfy investor demand, which is why the company adjusted its strategy. According to Le, Strategy now holds $4.75 billion in cash, enough to cover about 2.7 years of preferred dividends. He described the firm as a financial platform built around bitcoin rather than only a leveraged bitcoin proxy.
Trump Media reports first-half crypto losses
Trump Media said falling crypto prices sharply reduced the value of its digital asset holdings, leaving the company with a $360.6 million loss in the first half.
As of June 30, the company held 9,477.16 BTC with a fair value of $557.1 million, down by a net 65 BTC from the end of March. Its Cronos holdings were unchanged at about 756.1 million tokens, but their fair value fell from $68 million at the end of 2025 to $40.6 million.
The filing said most of the company’s bitcoin had been pledged as collateral. PANews also noted that Trump Media, Crypto.com, and Yorkville Acquisition announced on Friday that they had terminated a proposed business combination.
South Korea tightens exchange oversight and removes the Travel Rule threshold
South Korea’s Financial Intelligence Unit said an amendment to the enforcement decree of the Act on Reporting and Using Specified Financial Transaction Information had passed the State Council.
The revised rules tighten review standards for major shareholders of exchanges and require exchanges to keep their debt ratio below 200%. They also remove the 1 million won threshold for the Travel Rule, extending it to all transfers. Transactions involving overseas exchanges and personal wallets will be handled with controls that vary by risk level.
Exchanges will also need professional staff, equipment, and internal control systems. Existing exchanges will receive a one-year grace period. Some provisions will take effect on Aug. 20, while the Travel Rule changes and other measures will be implemented six months later.
In the U.S., the Securities and Exchange Commission is scheduled to hold an open meeting at 10 a.m. Eastern Time on Aug. 14 to consider whether to issue a proposed rule creating a customized issuance framework for certain investment contracts involving crypto assets.
Project and platform developments
ODY accused of pulling $15 million after a token expansion
An investigation said ODY, described as a fund-raising scheme aimed at victims in China, minted an additional 10 billion tokens on July 28, 2026 and removed about 15 million USDT from a trading pool before disappearing. More than 10,000 victims have been identified, and the case has been accepted for investigation.
Including later transfers and fee-vault movements, addresses linked to ODY gathered at least 15,669,118 USDT. Further tracing found that the same main collection address had previously received 5,383,428 USDT from a KXG wallet, indicating that ODY and KXG shared the same treasury.
Binance to delist multiple spot pairs
Binance said it will remove and halt trading for APT/BTC, AR/BTC, A/USDC, BTTC/TRY, CYBER/USDC, LPT/BTC, and WAL/FDUSD at 11:00 Beijing time on Aug. 14, 2026.
Spot trading bot services for those pairs will end at the same time. Binance said the delisting does not affect the availability of the tokens on Binance Spot through other pairs.
More than 30 victims lose over 3 million yuan in “staking mining” scam
PANews said a new scam packaged as virtual-currency “staking mining” has appeared. Fraudsters spend one to two months building trust through social platforms, then move victims to overseas private messaging apps such as WhatsApp and Discord and persuade them to download fake mining platforms and sign contract approvals.
Once the contracts grant transfer authority, the scammers move funds from the victims’ accounts in the background. More than 30 victims have been identified, with losses exceeding 3 million yuan in total. The biggest single loss was more than 300,000 yuan.
Cursor could be renamed after a reported SpaceX acquisition
A report said SpaceX’s acquisition of Cursor could be completed within the next few days, subject to regulatory approval, with closing expected by the end of the month.
At an all-hands meeting, employees were told that the Cursor brand name could be phased out over the coming months. PANews said an upcoming general-purpose agent with the internal codename “Sand” could eventually be renamed “Grok Bot,” though existing tools such as the Cursor coding assistant are not expected to be renamed immediately.
Unitree starts online IPO lottery procedures
Unitree said that after a strategic placement clawback, the offline issuance amounted to 25.886148 million shares, representing about 80.00% of the offering after deducting the final strategic placement.
The offline tranche uses a proportional lock-up arrangement, with 10% of allotted shares locked for six months from the listing date. The issuer and lead underwriter scheduled the online subscription lottery draw for the morning of Aug. 11, 2026, with results to be published on Aug. 12.
Keel exits U.S. bitcoin mining and shifts toward AI data centers
Keel Infrastructure Corp., formerly Bitfarms, said in its second-quarter report that it had shut all of its U.S. bitcoin mining operations as it prepares to convert sites into AI and high-performance computing data centers.
From April 1 to Aug. 7, the company sold 1,085 BTC for $75 million and still held 1,861 BTC. Keel said it had $819 million in liquidity and unused 2027 power capacity. Its shares fell more than 11% on Monday. Second-quarter revenue was $30 million, down 50% year over year, and the company swung from an $11 million profit in the year-earlier quarter to a $141 million loss.
TVB plans an AI computing joint venture in Hong Kong
Hong Kong broadcaster TVB said it had signed a framework agreement with Triton Square Limited, an affiliate of Gaw Capital, to form a joint venture that would provide advanced computing services for AI-related uses in Hong Kong.
The venture plans to build a data center in TVB’s corporate park in the Tseung Kwan O Industrial Estate, deploy GPU and CPU computing equipment, and provide AI computing services on a subscription basis to third-party clients and the group itself. Voting ordinary shares are expected to be split 51% to TVB and 49% to Gaw Capital.
The project will be developed in phases. The first stage, Phase 1A, targets computing capacity of about 10,000 PetaFLOPS and is expected to begin operations in the fourth quarter of 2027. Gaw Capital plans to invest up to HK$2 billion in equity, alongside bank financing and TVB internal resources.
Ethereum roadmap update puts more weight on quantum safety and privacy
Ethereum co-founder Vitalik Buterin published an updated comparison between his 2023 roadmap and the current Strawmap. The update shows a clear shift in development priorities.
Quantum safety has moved much higher on the list, including aggressive scaling and signature aggregation designs in a post-quantum setting. Strong privacy appears for the first time as a first-class goal, covering keyed nonces, recent state roots, privacy pools, and “wormhole” ideas. The update also points to AI-assisted formal verification, recursive STARKs across the execution, consensus, and data layers, plus new state types, native rollups, blob and gas futures, and post-EVM design space tied to instruction sets such as leanISA and RISC-V.
Funding and capital markets moves in AI
Daimon Robotics closes a strategic financing round
Daimon Robotics said it had completed a strategic financing round worth several hundred million yuan, led by Ant Group, with existing investors increasing their commitments. Two months earlier, the company had closed an A round worth more than 100 million yuan.
The company said its backers now include CMG-SDIC Capital, Lenovo Capital, Inovance industrial investment units, China Mobile, and China Telecom. It recently launched its tactile world model, Daimon-TWM, and said it had built Daimon-Infinity, which it described as the world’s largest tactile-inclusive multimodal physical-world dataset.
Anthropic holds pre-IPO meetings with potential investors
Anthropic is meeting with potential investors ahead of a planned listing, according to the report. The company is aiming to go public in September or early October, though pricing and final timing have not been disclosed.
Investors in those meetings asked about the rise of lower-cost AI systems, tensions with the Trump administration, and growing resistance to data center construction across the U.S. Executives said Anthropic remained focused on leading-edge AI models and planned to expand further into healthcare and biology-related AI applications.
LatentVerse raises a seed round worth several hundred million yuan
Embodied foundation model company LatentVerse said it had raised a seed round worth several hundred million yuan. Investors include Hillhouse Ventures, Crystal Stream Capital, Inno Fund, Zhiyuan, and Robot Era.
LatentVerse was founded in May 2026 by a team working on embodied intelligence from Tsinghua University’s Institute for Interdisciplinary Information Sciences.
Lambda seeks $917 million to buy AI chips
Nvidia-backed AI cloud provider Lambda is raising $917 million in the leveraged loan market to acquire AI chips and expand GPU capacity.
The financing is backed by rights related to GPU assets. PANews said the deal continues a wider push by AI infrastructure companies to use new financing structures. Earlier this year, CoreWeave completed an institutional leveraged-loan transaction tied to chip financing.
OpenAI repurchases about $7 billion in employee shares
OpenAI has completed an employee share sale transaction worth about $7 billion. The company did not bring in outside investors for the deal and instead repurchased shares directly from current and former employees.
The transaction valued OpenAI at $852 billion, unchanged from the valuation attached to its most recent funding round.
Views and market analysis
New bitcoin holders near breakeven while 3- to 6-month cohort remains underwater
An analyst said the NUPL metric for bitcoin holders in the 0- to 3-month cohort improved from -0.13 in June to -0.02, bringing that group close to breakeven. The 3- to 6-month cohort also recovered from its June low but remained at -0.14.
In terms of realized cap drawdown, the 3- to 6-month group deepened from -53% to -69.6%, the weakest reading in the last 90 days, while the 0- to 3-month group stood near -64%. Broader improvement, the analysis said, would require the 3- to 6-month cohort’s NUPL to move back above zero and realized cap drawdown to stop worsening and begin recovering.
CryptoQuant chief corrects his reading of CME positioning data
CryptoQuant CEO Ki Young Ju said he had misread CME bitcoin futures positioning data. A previous claim that leveraged funds had turned net long was based on CFTC data as of Aug. 4 for total reportable positions, which cover all large institutional traders rather than leveraged funds alone.
The corrected reading showed total reportable positions were modestly net long. Leveraged funds in standard BTC futures were still net short, though their BTC-denominated short exposure had shrunk by about 50% over the past year as basis-trade economics weakened and basis fell below Treasury yields. In Micro BTC futures, they were net long only 394 BTC. The report said the overall cohort has not turned net long.
Arthur Hayes ties yen intervention to bitcoin upside
BitMEX co-founder Arthur Hayes wrote in an article titled “Yen Earthquake” that U.S. Treasury Secretary Bessent plans to restart the printing press by “manipulating” the dollar-yen exchange rate, a move he argued could send bitcoin sharply higher.
Hayes said the yen is the world’s most undervalued currency and noted that the U.S. and Japan had already carried out a joint currency intervention two weeks ago. He added that the Japanese government and GPIF together hold about $1.37 trillion in U.S. Treasuries. In his view, the mechanism would effectively increase U.S. dollar liquidity. Hayes also said Maelstrom is heavily allocated to bitcoin and is bullish on ether and Ethena.
Whale trader says the current area is still a cyclical BTC bottom zone
The whale trader known as “先定10个大目标” said the medium- to long-term view had not changed and that the current zone remained a stage bottom for bitcoin. Barring an extreme structural collapse, the trader still places the bottom region near $58,000.
The trader said cutting two-thirds of the position near a $64,000 cost basis was meant to control risk and preserve room for extreme outcomes, not to reverse direction. The account also warned others not to mirror the trades with high leverage and said it typically uses 3x to 5x leverage.
BlackRock says bitcoin’s correlation with U.S. stocks is easing
Robert Mitchnick, BlackRock’s head of digital assets, said bitcoin market sentiment had improved in a noticeable but subtle way over the past month and that bitcoin’s correlation with U.S. equities was weakening.
He pointed to bitcoin’s relative outperformance during the sharp July pullback in AI stocks. ETF demand has also remained in place. U.S. spot bitcoin ETFs recorded $853.5 million of inflows last week, the strongest weekly showing since mid-April, with BlackRock’s IBIT contributing $693.7 million and Fidelity’s FBTC adding $116.4 million. Bloomberg analyst Eric Balchunas said daily inflows into several funds after the Coldcard vulnerability was revealed were “hard not to view as causal.”
Whale transfers and ETF flow data
On-chain data showed an ether whale withdrew another 50,000 ETH from Binance, worth about $93.6 million, bringing cumulative withdrawals to 90,000 ETH, or about $170 million. Of that amount, 40,000 ETH has already been staked.
On Robinhood-linked chain activity, STONKBROKER’s market capitalization approached $100 million. Address 0x867…b93e8 bought $5,080 worth of the token at an average price of $0.0004373, with the earliest purchase at $0.0001773. At the current price of $0.03535, the unrealized profit stands at $406,000, a return of 8,143.3%, and the address is still holding.
On Aug. 10, spot bitcoin ETFs posted a total net outflow of $145 million. Grayscale’s Bitcoin Mini Trust ETF BTC recorded a net inflow of $37.0568 million, bringing cumulative historical net inflows to $2.70 billion. BlackRock’s IBIT saw a net outflow of $53.5612 million, while its cumulative historical net inflow reached $61.121 billion. Total net assets across spot bitcoin ETFs stood at $78.164 billion, with an ETF net asset ratio of 6.07% and cumulative historical net inflows of $52.033 billion.
Separate monitoring showed FalconX deposited 300 BTC into Coinbase, worth about $19.18 million. Another whale sold 1,274 BTC through multiple institutions for about $81.5 million. A wallet linked to Maven11 withdrew 202,700 HYPE from OKX, worth about $11.17 million.
A whale that had opened a $102 million BTC short added to the trade after previously taking an $811,000 loss. In the early hours of the day, the trader increased the position by 533.02 BTC, lifting total exposure to 1,313 BTC, worth about $84.02 million, with an average entry price of $64,183. The position was showing an unrealized profit of $251,000 and remained the largest BTC position on Hyperliquid.
The whale trader “先定10个大目标” reduced the position by 2,260 BTC in the early hours of the day. A previous 3,528.152 BTC long worth about $225 million has been cut to about $79.42 million, with an entry price of $63,967.54.
Bitmine received 13,000 ETH from BitGo, worth about $24.36 million. Another whale opened a short position on 1,100 BTC seven hours earlier and was showing an unrealized profit of $530,000.
Another transfer involved 1,275 BTC worth $81.5 million. Of that amount, 500 BTC was sent to FalconX, 274 BTC to Cumberland’s OTC platform, and 500 BTC to a new address that PANews said may later send the funds to Galaxy Digital.
Over the past month, one whale has withdrawn about 121,000 ETH from Gemini, worth around $227 million. The same wallet withdrew another 9,000 ETH today, worth about $16.87 million, and has moved most of the position into self-custody and staking.