PANews

Hong Kong police announced 25 online romance investment fraud cases from July 24 to 30, with losses of nearly HK$70 million. In one case, a 50-year-old insurance professional was lured by an online romance partner posing as an “auto trader/dealer” into investing in virtual currency, resulting in losses of more than HK$26 million. Police reminded the public that after building a relationship on social platforms, if they are encouraged to invest—especially where virtual currency is involved, high-return promises are made, or opportunities involve trading through unfamiliar platforms—people should remain on high alert and not let down their guard about the safety of their funds due to emotions.

Analysts say BTC’s order book shows strong buyer support, with large, patient buy orders clustered in the 2%-20% below the current price range. They appeared as early as the beginning of June and represent passive buy demand that was set up in advance. If the price falls into these areas, the buy-side will form a buffer, reducing market volatility. Some investors are waiting for a lower entry price, and long-standing limit orders may become a source of support for a near-term pullback.

Muneeb Ali outlined three lessons from the Coldcard incident: first, storage should be distributed—he suggests putting 20–30% of BTC into ETFs (such as BlackRock’s IBIT), 40–50% using Casa three-key multisig, and 20–30% for more advanced self-custody; second, the threat from quantum computing is real, so plan ahead; third, the Bitcoin ecosystem needs to be more open—reduce internal ideological differences, and collaborate with mainstream security organizations and other crypto ecosystem engineers to improve overall industry security.

Glassnode said that the Bitcoin 3-month futures basis has been staying below the U.S. 2-year Treasury yield since February and has continued for several months. If the current situation is similar to past cases, it may point to the low point of the previous cycle. The weak basis reflects soft leverage demand, weakening market depth and trading volume. The basis is used to gauge risk appetite and arbitrage capital; when yields fall below the risk-free rate, the additional return is insufficient, so capital may enter the futures market less, affecting liquidity and activity.

PANews, August 2—In a recent media briefing, Xing Ziqiang, chief economist of Morgan Stanley China, shared his latest views. Xing Ziqiang believes that recent volatility in the AI sector is not due to a deterioration in fundamentals; rather, it is the result of a resonance among crowded trading, large firms draining liquidity through fundraising, and oil prices pushing up expectations for further rate hikes. He said that AI investment is entering a “half-time rest,” as the logic shifts from pursuing upstream AI power chips to two new main tracks: AI applications (lower costs to boost returns) and matching HALO resources (energy, energy storage, and raw materials).

Bloomberg analyst Balchunas questioned whether a small team of only five people is suitable to store Bitcoin after the Coldcard security incident, saying this is a clearly significant risk signal within traditional financial frameworks. By contrast, larger-scale teams such as Coinbase and Ledger, or sturdier setups, are more suitable, even though they cost more. He also noted that Bitcoin ETFs can balance regulatory security with lower management fees. The incident is still unfolding: researchers found that some wallet addresses showed abnormal funds transfers, sparking renewed discussion about self-custody.

Benchmark partner Chetan Puttagunta expressed confusion about Anthropic’s call to strengthen regulation of AI distillation, saying that at Anthropic’s scale it should be able to identify large-scale distillation attacks. He argued that if such behavior is restricted, the cost would be a drop in API revenue rather than a lack of technical capability. He noted that the controversy around distillation essentially comes down to balancing commercial interests, open competition, and intellectual property, and that leading companies need to find a compromise between protecting core technology and maintaining an open ecosystem.

PANews August 2 reported that, according to on-chain analyst Ai Yi monitor, address 0x751…8a90A bought Ethereum (ETH) again after two years. This address previously built a position in 2024 at a price of $2,459 and sold it near $3,159, completing a swing trade and earning about $700k in profit. About half an hour ago, the address reopened its ETH position, withdrawing 3,500 ETH from Binance, worth about $700k, at an extraction price of approximately $1,856.

PANews August 2 news, according to on-chain analyst Ai Yi monitoring, the address 0x008…E295f withdrew 20k HYPE worth $1.03 million from Coinbase 1 hour ago; since 06.11, he has cumulatively withdrawn 240k HYPE from exchanges, with a total value of $15.88 million, and an average withdrawal price of $66.17.

PANews August 2 news, citing CoinDesk, CoinGecko data shows that in the first five months before 2026, crypto exchange traditional-asset perpetual (Perps) contract trading volume reached $1.32 trillion, far exceeding $104.21 billion for all of 2025. Monthly trading volume also grew from $230 million in January 2025 to $347.17 billion in May 2026. As crypto platforms introduce exposure to stocks, indexes, and commodities through perpetual contracts, the industry is forming a “reverse bridging” trend: in the past, it was Wall Street entering the crypto market via ETFs, custody, and funds; now, crypto exchanges are bringing traditional financial assets into on-chain trading systems.
In addition, crypto platforms such as Coinbase and Binance are laying out a “super exchange” model, planning to offer trading of crypto assets, stocks, commodities, and tokenized assets. Need

PANews August 2 news: Michael Saylor, founder and executive chairman of Bitcoin treasury firm Strategy, has again released information related to the Bitcoin Tracker. According to prior patterns, Strategy typically discloses changes in its Bitcoin holdings on the second day after the relevant news is published.

Researchers at the People’s Public Security University of China developed an AI framework based on dynamic graph neural networks, a memory module, and a large language model to identify illegal Bitcoin transactions. Testing showed an overall accuracy of 89.4%, precision for illegal transactions of 89.1%, and a recall rate of 64.5%, to assist regulators in cracking down on economic crimes such as money laundering.

Galaxy Research said that attacks targeting the Coldcard wallet are still ongoing, with more small attackers and copycats appearing. They are attacking seed phrases that have not yet been migrated. The identity of one implicated deposit user has been confirmed; the funds were transferred out before the Duel freeze, but they were not part of the funds from the previous three main waves. The market has also seen attackers using copycat methods, continuing to target seed phrases that have not been migrated. The incident underscores the importance of hardware wallet security, private key management, and self-custody risk.

Top news preview:
SpaceX will release its 2026 Q2 financial report on August 4;
Stablecoin issuer Circle will release its 2026 Q2 financial report on August 5;
Succinct (PROVE) will unlock about 208 million tokens at 11:00 PM Beijing time on August 5, with a ratio to circulating supply of about 104.17% and a value of about $35.4 million;
Hyperliquid (HYPE) will unlock about 433k tokens at 8:00 AM Beijing time on August 6, with a ratio to circulating supply of about 0.19% and a value of about $22.67 million;
Ethena (ENA) will unlock about 171 million tokens at 3:00 PM Beijing time on August 5, with a ratio to circulating supply of about 1.97% and a value of about $15.1 million;
DeFi dashboard and

According to Token Unlocks data, next Wednesday will see large unlocks of three tokens: Succinct (PROVE) with about 208 million tokens, at 21:00 Beijing time on August 5, with a circulating-supply ratio of about 104.17% and a market cap of about $35.4 million; Hyperliquid (HYPE) with about 433 thousand tokens, at 8:00 Beijing time on August 6, with a circulating-supply ratio of about 0.19% and a market cap of about $22.67 million; Ethena (ENA) with about 171 million tokens, at 15:00 Beijing time on August 5, with a circulating-supply ratio of about 1.97% and a market cap of about $15.1 million.

PANews August 2 news: OKX market data shows that BTC has just fallen below $63,000; it is currently trading at $62,983.60 per coin, down 0.03% during the day.

PANews says that “white-haired bull god” Serenity reported that Lumentum’s CEO warned that the InP laser supply chain for AI data centers is facing a more severe shortage than storage chips. Even with 5 InP wafer fabs, shipments may be more than 30% lower than demand, as the expansion of AI infrastructure is encountering a bottleneck in optical communication components. The pressure is currently concentrated in the EML field, but an InP laser shortage may spread. Serenity is optimistic about bottleneck-related investment opportunities in the optical communication laser supply chain, focusing on AAOI, SIVE, LITE, COHR, and others. As AI compute power expands, related infrastructure may be repriced again, and the InP shortfall may become a key constraint.

PANews August 2 news: According to China Central Television (CCTV) News, on August 2 local time, an Iranian Islamic Revolutionary Guard Corps spokesperson, while describing the “Victory-2” operation, said that a U.S. Amazon data processing center located in Bahrain has been designated as a target for attack because it provides intelligence support, cloud computing, and services related to the U.S. military command system. The spokesperson did not specify the time when the strike would be launched, but said that the operation is one of Iran’s responses to U.S. attack actions.

In July, the Situational Awareness Fund suffered a severe drawdown; the net asset value fell 67% month-on-month, and the founder, Aschenbrenner, expressed disappointment to investors. The fund had long bet on AI infrastructure and chips, but in July, AI stocks saw a sharp pullback and valuations retreated from high levels, highlighting the high-volatility risk of AI-themed investing. In addition, Aschenbrenner previously authored *Situational Awareness: The Decade Ahead*, discussing issues such as AI capabilities, industrial competition, and security.

After Coldcard wallet was suspected to have been hacked, BTC small transfers surged to the highest level since the FTX collapse: about 39,600 transfers of under 1 BTC per day, nearing the November 2022 record. CryptoQuant said the scale of voluntary retail transfers is unprecedented, viewed as a proactive response to risk; the incident has also reignited debate about the safety of self-custodied assets.