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In Brief Animoca Brands begins the stablecoin licensing process in Hong Kong. Licensing aligns with Hong Kong Monetary Authority's regulations. Stablecoin plans aim to integrate Web3 and traditional finance.
Ethereum nears a key breakout level, with $5K in sight for Q3 2025 if momentum mirrors past rallies.Ethereum Breakout Setup Taking ShapeHistorical Patterns Point HigherWhy the Next Candle Matters
Animoca, Standard Chartered, and HKT launch Anchorpoint Financial to apply for Hong Kong stablecoin issuer license.Who Is Behind Anchorpoint Financial?Why the Stablecoins Ordinance Matters
Three massive Bitgo wallets have added over $300M in ETH, raising speculation about their connection.$300M Ethereum Accumulation Shakes the MarketThe Wallets in FocusWhy This Matters for Ethereum’s Price
- 13:32Qubic Releases Monero 51% Attack Experiment Report: 6 Blocks Reorganized, 60 Blocks OrphanedOn August 15, it was reported that Qubic announced it had achieved over 51% hash rate control on the Monero network, resulting in the reorganization of 6 blocks and 60 blocks becoming orphaned. Preliminary reports indicate that within two hours, Qubic mined 80% of Monero’s total blocks. During this period, approximately 750 XMR and 7 million XTM were mined. The unsold Tari from the previous round, combined with the 7 million XTM, led to a total of 17.2 billion QUBIC being burned, with an average price of about 3,200 QUBIC per billion, equivalent to roughly $55,000. Computors and miners received a total reward of 62.2 billion QUBIC, valued at around $200,000. The network’s peak hash rate reached 2.71 GH/s, accounting for 52% of the global Monero hash rate. A total of 5,506 Monero blocks were mined. Data shows that Qubic currently offers miners nearly four times the earnings of Monero. The 51% Monero experiment is still ongoing.
- 13:23Hyperbeat, a Yield Protocol Built on HyperLiquid, Secures $5.2 Million in Seed FundingAccording to Jinse Finance, Hyperbeat, a yield protocol built on the decentralized exchange HyperLiquid, has announced the completion of a $5.2 million seed round. The round was co-led by ether.fi Ventures and Electric Capital. The new funds will be used to build yield infrastructure for traders, protocols, and institutions within the Hyperliquid ecosystem.
- 13:02Fed Officials Say Rate Cuts Could Be Considered If Inflation Does Not SpiralAccording to ChainCatcher, citing Jinshi News, Federal Reserve official Goolsbee stated that if there are signs in September or later in the fall indicating that the economy is not caught in an inflationary spiral, the Federal Reserve could consider cutting interest rates.