Foresight News’ latest weekly Web3 roundup pulls together a dense mix of stories that shaped industry conversation over the past several days. At the center were the death of Quantum Fintech Group founder Harry Yeh in Paraguay, a fresh count showing that more than 300 Web3 projects have gone quiet over roughly 588 days, and renewed attention on Li Lin’s return through Avenir Group-backed UMX. Bitcoin also saw an old fault line reopen after BIP-110 triggered a chain split and cost Luke Dashjr his BIP editor role. The security section was just as busy. A DeFi whale lost roughly $25 million to $26 million in minutes, Trezor disclosed a ShipMonk-related data breach affecting close to 14,000 customers, Harmony was hit by an exploit that expanded ONE supply, and ZachXBT detailed a social-engineering scam tied to at least $5 million in losses. Foresight also reviewed Bybit’s effort to recover funds from the 2025 theft attributed to Lazarus Group, with recovered and frozen assets totaling about $78.9 million so far. On the project side, Vitalik Buterin’s updated Ethereum Strawmap elevated privacy and post-quantum security, Justin Drake said Ethereum would drop Poseidon at L1, Bitwise continued launching products while shutting eight ETFs and cutting staff, and Trump Media & Technology Group showed how far it has moved beyond a pure social-media business.

WuBlockchain’s weekly roundup highlighted 10 crypto stories spanning regulation, market structure, mining economics, corporate treasury moves, ETF product design, and new exchange infrastructure. The headline item was another delay to the U.S. Securities and Exchange Commission’s proposed tokenization “innovation exemption,” which reporter Eleanor Terrett said may remain on hold while stakeholders continue negotiating tokenization language in Section 10505 of the Clarity Act. The SEC still plans a later public meeting on Regulation Crypto Assets, covering new rules and exemptions for crypto asset financing transactions. Elsewhere, Russia’s central bank proposed allowing non-qualified investors to buy BTC, ETH, and USDT with an annual cap of 300,000 rubles per intermediary, while qualified investors would face no purchase cap. Strategy disclosed that it sold 1,690 BTC between Aug. 3 and Aug. 9 to fund STRC buybacks and also raised capital through MSTR share sales, while Fidelity moved to add ETH staking and quarterly cash distributions to its Fidelity Ethereum Fund. The roundup also covered Anthropic’s $9.1 billion cloud deal with Riot, UMX’s launch as a crypto-friendly securities platform incubated by Avenir Group, Wintermute’s $1 billion infrastructure plan, Andre Cronje’s critique of modern DeFi, and GSR’s view that a stronger crypto bull market likely needs both cooling AI capital flows and Federal Reserve rate cuts.

ChainFeeds’ Aug. 13 research roundup pulls together five separate market narratives that are shaping crypto in Asia and beyond. One report argues that Upbit’s once-powerful listing effect is losing force as the exchange accelerates token additions while trading activity keeps shrinking. Another examines Li Lin’s path from Avenir Group to UMX, framing it as a push toward unified accounts that connect crypto collateral, U.S. equities, and cross-market risk management in one system. The package also looks at South Korea’s persistent outbound crypto demand. Tiger Research says unmet domestic demand for derivatives and broader digital asset products is increasingly being served by offshore exchanges and on-chain venues such as Hyperliquid, with billions of dollars in identifiable capital flows and fee revenue moving abroad. Coin Metrics, meanwhile, breaks down the source of this year’s $41.7 trillion in adjusted stablecoin transfer volume, showing that a large share comes from liquidity provision and flash loans rather than straightforward payment activity. The final piece from Foresight Ventures questions whether perpetual DEXs can rely on token rewards indefinitely, arguing that post-TGE value distribution often shifts away from actual trading contribution toward token ownership.

UMX, a trading platform incubated by Avenir Group under Li Lin, opened an invitation-only public beta on Aug. 10 and began taking applications from early users. The platform, short for The Unified Market Exchange, presents itself as a crypto-friendly securities venue built for professional investors, with a structure that allows users to trade crypto assets and real U.S. equities under one account system. According to Odaily, UMX is trying to address a long-standing split between crypto venues and traditional brokerages. Its model includes two-way transfers between a crypto trading account and a securities account, with stablecoins converted into U.S. dollars when moved into the securities side, and vice versa. The platform also says users can trade actual U.S. stocks, ETFs and U.S. equity options, rather than only synthetic exposure. The report also highlights margin-efficiency tools such as borrowing against BTC and ETH to fund stock trades, and a stock-to-token feature that turns U.S. equity holdings into tokenized stock assets backed by real shares for use as crypto trading collateral. UMX additionally offers wealth-management products that can still count toward margin use after deposit. Fee schedules published on the platform cover spot and futures crypto trading, stock commissions and options commissions, with lower rates available at higher VIP tiers.

UMX, a platform incubated by Li Lin’s Avenir Group, entered public beta in the summer of 2026, putting the Huobi founder back at the center of crypto industry discussion. The move comes 13 years after Li launched Huobi in 2013, when the main challenge was making Bitcoin trading easier for a broader user base. Since founding Avenir Group in Hong Kong in 2023, Li has shifted from exchange operator to investor and allocator, building positions across digital assets, brokerage, trading infrastructure and cross-market rails. The article traces that investment map through Avenir’s more than 10% stake in UP Fintech, its role as a core investor in OSL’s $300 million equity financing, investments in CoinRoutes, SignalPlus and Inference Research, a $500 million quant partner program, and BitTrade’s acquisition through New Huo Group. According to SEC 13F filings, Avenir has ranked first in Asia for institutional Bitcoin ETF holdings for eight consecutive quarters, with more than 18 million shares of BlackRock’s IBIT alone. UMX, short for The Unified Market Exchange, is presented as an attempt to answer a new problem: how professional investors can manage BTC, stablecoins, U.S. stocks, ETFs, options and yield products within one account structure, one capital framework and one risk system as crypto and traditional finance increasingly converge.

A wide set of crypto and adjacent market developments landed over the past 24 hours, led by DeepSeek’s latest financing and a fresh policy push in South Korea. DeepSeek’s operating entity, DeepSeek SeekDeep, completed the first signing round of its new fundraising in Hangzhou on Aug. 10. The round is sized at 50 billion yuan with a pre-money valuation of about 500 billion yuan, up more than 40% from the roughly 350 billion yuan valuation attached to its first round completed in June. The first batch of capital is due as early as Aug. 30, and the company said the proceeds will go toward compute, model research, hiring, and possible domestic listing preparations. In South Korea, People Power Party lawmaker Jeong Seong-guk plans to submit a bill that would delay taxation on income from virtual assets by three years, moving the effective date from Jan. 1, 2027 to Jan. 1, 2030. Under the current framework, gains from virtual asset transfers or lending would be treated as “other income,” with profits above 2.5 million won taxed at 22%, including local income tax. The digest also highlighted the fallout from the Coldcard wallet vulnerability, which Forbes said has now led to about $130 million in stolen bitcoin tied to roughly 2,000 BTC and more than 5,200 addresses. That episode has revived the debate between self-custody and institutional custody, while U.S. spot bitcoin ETFs and spot ether ETFs posted weekly net inflows of $854 million and $245 million, respectively.

UMX, or The Unified Market Exchange, has opened an invite-only public beta, according to Odaily. Incubated by Avenir Group under Li Lin, the platform is positioned as a crypto-friendly securities venue for global professional investors. The beta combines crypto and traditional securities trading on one platform. At this stage, UMX offers spot, margin, futures, and options trading for crypto assets, while also supporting trading in U.S. stocks, ETFs, and U.S. equity options. A key focus of the beta is the capital link between crypto accounts and securities accounts. UMX said users can use a "conversion transfer" feature to automatically convert stablecoins such as USDT into USD for transfer into a securities account. It also offers a "loan transfer" feature that allows users to pledge non-stablecoin crypto assets to obtain buying power for U.S. stocks, ETFs, and U.S. equity options. The platform also introduced stock-to-token conversion, cross-asset margin, and BTC and USDT yield products with maximum annualized yields of 2.5% and 5.5%, respectively. The beta is currently accessible by invitation code through the UMX website.

UMX, or The Unified Market Exchange, said on Aug. 10 that it has started an invite-only public beta. Incubated by Avenir Group under Li Lin, the platform is positioned as a crypto-friendly securities venue for global professional investors. It supports spot, margin, futures and options trading for crypto assets, while also offering access to real U.S. stocks, ETFs and U.S. equity options. The beta is centered on capital movement between crypto asset accounts and securities accounts. According to the announcement, users can convert and transfer stablecoins, borrow against non-stablecoin collateral, deposit to and withdraw from fiat accounts, and convert between securities holdings and stock tokens. UMX also introduced a cross-asset margin mechanism aimed at improving capital efficiency across different asset classes, with wealth management assets eligible to be used as margin. During the beta, the platform has also listed BTC and USDT wealth management products, with maximum annualized yields of 2.5% and 5.5%, respectively. The test is currently available by invitation only, while users without a beta access code can register interest for the full release and join an early-bird benefits program.