The week ahead includes a dense run of crypto policy, exchange and project events. DeepSeek’s revised API pricing takes effect on Aug. 17 with peak and off-peak rates, while Coinbase is scheduled to carry out system maintenance, launch US500 perpetual-style index futures for U.S. users through Coinbase Derivatives, and end support for USDC deposits and withdrawals on Noble. Hashdex is also set to close and liquidate its Bitcoin ETF, and Binance will delist six tokens on the same day. Attention then shifts to regulation. South Korea will implement tighter rules for single-stock leveraged ETF and ETN products on Aug. 19, including stricter deviation-rate controls and an added simulated-trading requirement for first-time retail investors. Politico, citing three people familiar with the matter, reported that the White House may meet crypto and prediction-market executives on Aug. 19. On Aug. 20, the U.S. Commodity Futures Trading Commission’s Innovation Advisory Committee will hold its first meeting, with crypto assets, artificial intelligence and prediction-market oversight on the agenda. The week also features several token unlocks, including LayerZero, KAITO, MBG and SOON, plus project updates from Solana, DGrid AI, SNS, Doodles, Step App and Manus. Binance will make additional network and compliance-related changes later in the week, including restrictions involving EXMO and other platforms.

Bloomberg ETF analyst Eric Balchunas said in a post on X that the top 10 constituents in the S&P 500 account for 39% of the index by weight and contribute 41% of its earnings. The comment points to the concentration of influence held by the largest names in the benchmark index and their share of total profit generation. No additional figures or company-by-company breakdown was provided in the post cited by Odaily. The statement focused on two numbers: the top 10 stocks’ 39% weighting in the S&P 500 and their 41% contribution to the index’s earnings.

A busy week across crypto projects brought updates in protocol design, governance, lending products, wallet security and payment infrastructure. Robinhood Chain posted $3.13 million in daily NFT volume, overtaking Ethereum, while its average daily transactions hit 11.6 million and TVL rose to $473 million. ENS token holders passed and executed the “Next Era of ENS DAO” proposal, turning ENS Foundation into a formal operating body with a full-time executive director, staff and a five-member board. On Solana, Jupiter rolled out Lend v2, a lending upgrade that lets deposited and borrowed assets also serve as trading liquidity. Other notable developments included Ethereum Foundation researcher Justin Drake saying Ethereum L1 will stop pursuing Poseidon and instead move toward SHA or BLAKE-based hashing options; Hyperliquid outlining a plan to route idle HLP USDC into its native lending pool; Uniswap redirecting creator fees tied to a test token into an automatic buyback-and-burn contract; UniSat raising the default seed phrase length for new wallets from 12 words to 24; a USENIX study finding security-rule violations across 15 x402 payment providers; MegaETH’s native stablecoin USDm dropping to roughly $18 million in supply from a peak near $600 million in May; and World Liberty Financial delaying a yield-token launch tied to a Trump-branded Maldives resort project.

Nasdaq plans to launch 23-hour-a-day, five-day-a-week stock trading on Dec. 6, 2026, after the U.S. Securities and Exchange Commission approved the rule change for 23/5 trading. The rollout still depends on whether market infrastructure, including the Securities Information Processor, is ready and whether related operating rules are in place. The added session would run from 9 p.m. to 4 a.m. Eastern Time, covering daytime hours in Asia and allowing investors there to trade U.S. stocks without waiting for the New York open. According to the article, the change is less about letting U.S. investors trade longer and more about pulling order flow back from overnight ATS venues, broker internalization systems and rival exchanges. Nasdaq’s own overnight data show trading is highly concentrated: out of roughly 11,300 U.S. tickers, only 1,403 traded overnight, and just 644 saw more than $10,000 in daily turnover. The top 15 instruments made up about 53% of overnight volume, with 12 ETFs and only three single stocks. That pattern suggests overnight trading is centered on macro risk transfer and price discovery in broad market products and mega-cap names, not broad equity research. The article also argues that extending trading hours raises infrastructure, staffing, compliance and market-making costs, while faster prices do not automatically mean better prices in a thinner market.

Several overseas exchange-traded funds have recently increased their focus on Chinese semiconductor names, pointing to fresh international allocation toward China’s technology assets. Roundhill Memory ETF (DRAM), which tracks the memory chip supply chain, adjusted its holdings recently. As of the Aug. 14 close, A-share memory company ChangXin Technology accounted for 4.52% of the fund, making it its sixth-largest holding. GigaDevice, which was first added to the fund in June this year, had a weight of 1.16%. Tema ETFs, a U.S. active ETF manager, also said it has added ChangXin Technology to its Tema Memory ETF (DISK), a product focused on the memory chip industry. As of the Aug. 14 close, the position represented 7.54% of the portfolio. The moves show that multiple overseas ETF products are shifting more capital toward Chinese chip makers, particularly companies tied to the memory semiconductor segment.

A recent rebound in Samsung Electronics and SK Hynix has lifted related single-stock leveraged ETFs, but investors who bought near the June 25 peak are still sitting on steep losses, according to Korean media cited by BlockBeats on Aug. 16. As of Aug. 14, Samsung Electronics was down 23.43% from its June 25 close, while SK Hynix had fallen 43.61% over the same span. Data showed that seven Samsung leveraged ETFs posted an average loss of 52.25% from June 25, and seven SK Hynix leveraged ETFs were down an average of 76.51%. That means a 1 million won investment made at the time would now be worth only about 478,000 won for Samsung-linked products and 235,000 won for SK Hynix-linked products on average. Based on current net asset values, the two ETF groups would need to rise about 109.4% and 325.7%, respectively, just to break even. The report added that because these leveraged ETFs track twice the underlying stock’s daily return, recovery math cannot be reduced to a simple 2x relationship, especially when repeated price swings create volatility drag. Under a hypothetical scenario where each stock rises by the same proportion every day for 20 trading days without any declines, Samsung would need to climb about 45.2% from current levels to 398,600 won, while SK Hynix would need to rise about 109.1% to 3.439 million won for the average ETF losses to be erased.

Ondo Stocks, the tokenized equities platform operated by Ondo Finance, has reached $1.01 billion in total value locked, according to a report cited by ChainCatcher from Chainwire. The platform has been live for less than a year since its September 2025 launch. Chainwire said Ondo Stocks became the world’s largest tokenized stock service by TVL within 48 hours of launch and has kept that lead. The platform currently offers more than 440 assets. Each token is fully backed by the corresponding stock or ETF and is held by a licensed U.S. custodian broker, according to the disclosure. Ondo Finance also said its perpetual futures platform, Ondo Perps, which launched in July, has recorded more than $8 billion in cumulative trading volume. Over the nearly 30 days since its public launch, trading volume has exceeded $5 billion.

Arkham data shows Morgan Stanley added roughly 111.762 BTC yesterday through its spot Bitcoin exchange-traded fund, MSBT, in a purchase valued at about $7.03 million. The latest buy lifted the firm’s total Bitcoin holdings to 6,675 BTC, the first time its position has moved above 6,600 BTC. At current value, those holdings are worth more than $420 million. The move was described in the source report as another dip-buying purchase by the bank.