PANews

PANews, August 29—On-chain data monitoring shows that due to the short-term decline in the crypto market, all of Huang Licheng’s (“Machi Big Brother”) long positions turned from profit to loss, with the return on investment falling to approximately -35% and total unrealized losses exceeding $1.61M. Among them: the 25x leveraged Ethereum long position has an unrealized loss of $952k, the 40x leveraged Bitcoin long position has an unrealized loss of approximately $345k, and the 10x leveraged HYPE long position has an unrealized loss of approximately $311k.

PANews, August 29 — OKX market data shows that BTC has just fallen below $77,000, currently trading at $76,981.20 per coin, down 1.72% today.

PANews, August 29 — Coinglass data shows that due to Bitcoin’s short-term decline, total liquidations across the network reached $75.96 million over the past hour, including $70.84 million in long liquidations and $5.11 million in short liquidations. BTC liquidations amounted to $30 million, while ETH liquidations amounted to $20.13 million.

PANews, August 29 — According to Bybit market data, spot gold fell below the $4,500/ounce mark, currently trading at $4,498.15, down 2.25% on the day.

Fomo co-founder Se Yong Park said early-stage founders should view angel investors as bullish call options betting on the product’s success. The first funding round had 140 angels, and there are now more than 200. He noted that well-known shareholders offer limited help in the early stages, while angels who genuinely use the product and are willing to share it can help the company reach more potential users.

PANews, August 29: On-chain data monitoring shows that the 20x leveraged Bitcoin long position and 15x leveraged Ethereum long position opened by the “anti-CZ” whale have generated over $7 million in unrealized profits, with a return on investment of 476%. The whale became known for opening a 3x short position immediately after CZ purchased ASTER. It currently holds 31.31624 BTC in its Bitcoin long position and 8,092.4521 ETH in its Ethereum long position.

Coinbase’s internal AI system CEEcil is a Slack@提及的 “team member” agent with long-term memory, proactive follow-up, and judgment. It has helped handle production incidents and quickly access expert knowledge, and will eventually expand into a multi-team agent. Its architecture consists of Go services and an AI runtime, connecting to memory, knowledge bases, and real-time queries through MCP. It includes a kill switch, cost caps, and audit mechanisms, and requires human review before code can be merged. Its three-layer memory system continuously extracts authorized information, summarizes short-term observations overnight, and retrieves historical and real-time data as needed when answering questions. Tiered models simplify simple queries, while complex tasks are delegated to more capable models to reduce costs and latency.

PANews reported on August 29 that OKX market data shows BTC has just fallen below $78,000, now trading at $77,970.90 per coin, down 0.45% on the day.

Circle announced that CCTP V1 will begin being phased out on October 31, 2026, and will be disabled on December 1. Applications still using V1 to route USDC must migrate immediately. CCTP V2 will become the only recommended path, supporting standard/fast transfers, programmable features such as Hooks, and future public chain integrations. Circle has published migration guidelines, reminding developers to update contracts and routes in advance to ensure uninterrupted cross-chain USDC transfers.

Politico reports that U.S. House Speaker Johnson plans to meet Musk in Texas on Friday to encourage him to donate at least $100 million to the Republican Party through America PAC to help with the midterm elections, but it remains unclear where the funds will go. Some may be directed to key House battleground districts, and Musk’s schedule is subject to change.

Fed Chair Warsh spoke about inflation not yet slowing significantly, fueling market bets on a September rate hike, strengthening the dollar and putting gold and most precious metals under pressure. Spot gold fell about 2.6% intraday to $4,480, hitting as low as $4,464. Silver fell 3.63%, platinum edged lower, and palladium’s gains narrowed slightly. Analysts said his remarks came close to acknowledging the need for further rate hikes, and the September meeting may present a stalemate between a hike and a pause.

PANews reported on August 29 that Federal Reserve's Goolsbee said he approved of keeping interest rates unchanged at the July FOMC meeting and had no strong views on the number of FOMC meetings. The focus must remain on determining whether inflation is merely temporary. Goolsbee also said he agreed with Federal Reserve Chair Waller's view on the details of the economy, that inflation is currently the Fed's primary problem, that inflation caused by clearly overheated demand is difficult to resolve, and that inflation has persisted longer than expected.

PANews, August 29 — Nvidia (NVDA.O)-backed Lambda has signed a $1 billion private debt financing agreement for chip purchases. The transaction was reportedly arranged by JPMorgan Chase, with the debt marketed to private-placement investors. People familiar with the matter added that the debt will be used to purchase Nvidia GPU graphics cards, which will subsequently be leased to Microsoft.

PANews August 28 news: According to Lookonchain, the 6,000 BTC whose private keys were lost by Irish drug dealer Clifton Collins have once again been transferred on-chain, with 500 BTC deposited into Coinbase Prime, worth approximately $39.56 million based on the price at the time.

PANews reported on August 29 that Coinglass data showed total liquidations across the network over the past hour had increased to $203 million, including $196 million in long liquidations and $6.88 million in short liquidations. BTC liquidations amounted to $86.08 million, while ETH liquidations amounted to $59.8 million.

PANews, August 28 — Federal Reserve Chair Warsh said at the Jackson Hole meeting that responsibility for the persistently elevated inflation over the past approximately 65 months lies entirely with central banks. He said current market-based inflation expectation indicators remain “well anchored” and will not be easily shaken, but must be closely monitored. The Federal Reserve has a responsibility to prevent inflation expectations from becoming unanchored.
He said artificial intelligence has become a new factor of production affecting the economy and monetary policy, with related capital expenditures and token sales surging. The two leading AI labs have annualized token revenue exceeding $100 billion. Warsh said the U.S. labor market is stable, with unemployment at approximately 4.1%; corporate profits and capital expenditures are strong, and financial conditions can hardly be described as “tight.” However, PCE inflation remains around 3.7%, significantly above the 2% target.

At Jackson Hole, Warsh said artificial intelligence is a new variable that could improve long-term growth prospects; forward guidance has a limited role, and policy must be formulated based on real, timely information, while the labor market remains relatively stable. He warned that inflation has not slowed significantly and that inflation must be ensured to move toward the 2% target; otherwise, more work remains to be done. The Federal Reserve uses interest rates as its primary tool, and current financial conditions are not constraining policy.

PANews, August 28 — Market pricing indicates that the probability of a Federal Reserve rate hike in September is currently around 50%.

PANews reported on August 28 that, according to Bybit data, spot gold briefly fell below $4,550 per ounce, hitting its lowest level since August 21.

PANews, August 28 — OKX market data shows that BTC has just fallen below $79,000, currently standing at $78,997.90 per coin, down 1.62% today.