Important information last night this morning (August 3-August 4)

Analysis: Paradigm May Hold HYPE Worth Approximately $765.4 Million

According to monitoring by @mlmabc, Paradigm may hold 19,134,900.46 HYPE tokens, valued at approximately $765.4 million. The estimated average cost is $16.46, with a total cost of about $315 million and a floating profit of roughly $450 million. Although Paradigm has never disclosed its wallet address, @mlmabc believes Paradigm initially purchased HYPE through FalconX, then made additional purchases via Wintermute after November. These wallets potentially belonging to Paradigm were identified based on large-scale HYPE withdrawals through FalconX, as well as timing and structural patterns.

Ripple: Banks Have Invested Over $100 Billion in Blockchain Infrastructure Since 2020

According to CoinDesk, a recent report released by Ripple, CB Insights, and UK-based CBT states that digital assets are going mainstream. Traditional banks have invested over $100 billion in blockchain since 2020. Despite regulatory uncertainties and market volatility, major banks are increasing investments in custody, tokenization, and payment infrastructure. The report also found that 90% of surveyed financial leaders believe these technologies will have a significant or massive impact on finance within the next three years. From 2020 to 2024, traditional financial institutions globally participated in 345 blockchain-related transactions. Payment-related infrastructure accounted for the largest share, followed by cryptocurrency custody, tokenization, and on-chain foreign exchange trading. Approximately 25% of investments focused on infrastructure providers supporting blockchain settlement and asset issuance.

Linea-based DEX Etherex to Launch Native Token REX on August 6

Etherex, a decentralized exchange developed through a collaboration between Linea, Consensys, and Nile (an upgraded version of Nile Exchange built on Ramses v3 technology with an x33 token economic model), announced it will launch its native token REX on August 6. Its design goals include: 100% of native incentives (REX) distributed to liquidity providers (LPs); 100% of trading fees allocated to xREX voting users. The native token REX will be issued as liquidity rewards to LP users. Users can convert REX to xREX to vote on incentives for their preferred pools.

Etherex token distribution: 25% to Linea/Consensys (80% as xREX, 20% as liquid REX); 25% to veNILE migrants (100% as xREX); 15% for liquidity pool (LP) treasury support; 5% for CEX listings and market makers; 5% to Linea ecosystem investment partners; 25% retained in Etherex treasury.

Coinbase’s "SocialFi" Sparks Zora Frenzy; Daily Token Issuance on Base Surpasses Solana

According to CoinDesk, Dune Analytics data shows that Coinbase-backed Ethereum Layer2 network Base has surpassed Solana in daily token issuance. This shift is largely driven by decentralized social platform Zora, whose "Creator Coin" model converts content into tradable assets. Following the transformation of Coinbase’s Base App into a SocialFi portal in July, ZORA tokens have surged over 500% in the past month.

Data indicates that Zora’s activity hit an all-time high after the relaunch of Base App: over 1.6 million creator tokens were minted, attracting nearly 3 million unique traders, with total transaction volume reaching $470 million. However, critics note that current users are mostly traders with short-term speculative tendencies, and Zora’s governance has sparked strong opposition on social media. Nevertheless, the scale of the creator economy on Base is expanding rapidly.

Hassett: Trump and Treasury Secretary Bessent Actively Seeking Next Fed Chair

White House National Economic Council Director Hassett stated, when discussing the search for the next Federal Reserve Chair, that U.S. President Trump is actively working with Treasury Secretary Bessent to identify candidates.

U.S. Trade Representative: New Tariffs on Multiple Countries "Largely Finalized"

According to Jinshi, U.S. Trade Representative Greer stated on August 3 local time that the new round of tariffs imposed by President Trump on multiple countries last week is "largely finalized" and will not be adjusted in current negotiations. This includes a 35% tariff on goods imported from Canada, 50% on Brazil, 25% on India, and 39% on Switzerland. Greer noted that some tariffs are set based on bilateral trade surpluses and deficits, adding, "These rates are largely fixed."

White House National Economic Council Director Hassett: Not Eager to Lead the Bureau of Labor Statistics

According to Jinshi, White House National Economic Council Director Hassett said he is not eager to lead the Bureau of Labor Statistics, adding that despite the poor jobs report, the economy is "on a smooth path." Earlier reports noted that U.S. President Trump fired current Bureau Director Erika McEntarfer over weak non-farm payroll data, with William Wiatrowski set to serve as acting director.

Whale AguilaTrades’ 40x Leveraged Bitcoin Long Position Now Shows $12,000 Floating Loss

According to Onchain Lens, whale AguilaTrades’ 40x leveraged Bitcoin long position is facing a $12,000 loss. It is reported that he has already lost $39.98 million, with only $73,000 remaining in his wallet.

Data: Tokens Including ENA, IMX, and MOVE to See Large Unlocks; ENA Unlock Valued at ~$95.8 Million

Token Unlocks data shows that tokens such as ENA, IMX, and MOVE will see large unlocks next week:

- Ethena (ENA): Approximately 172 million tokens to unlock at 3:00 PM Beijing time on August 5, accounting for 2.70% of current circulation, valued at ~$95.8 million.

- Immutable (IMX): Approximately 24.52 million tokens to unlock at 8:00 AM Beijing time on August 8, accounting for 1.30% of current circulation, valued at ~$12.2 million.

- Movement (MOVE): Approximately 50 million tokens to unlock at 8:00 PM Beijing time on August 9, accounting for 1.89% of current circulation, valued at ~$6.5 million.

- Space and Time (SXT): Approximately 24.64 million tokens to unlock at 9:00 PM Beijing time on August 8, valued at ~$2 million.

- Heroes of Mavia (MAVIA): Approximately 11.89 million tokens to unlock at 8:00 AM Beijing time on August 6, accounting for 23.03% of current circulation, valued at ~$1.9 million.

- Spectral (SPEC): Approximately 3.62 million tokens to unlock at 8:00 AM Beijing time on August 5, accounting for 17.57% of current circulation, valued at ~$1.8 million.

- Render (RENDER): Approximately 492,000 tokens to unlock at 8:00 AM Beijing time on August 10, accounting for 0.09% of current circulation, valued at ~$1.7 million.

- IOTA (IOTA): Approximately 8.63 million tokens to unlock at 8:00 AM Beijing time on August 4, accounting for 0.22% of current circulation, valued at ~$1.6 million.

- EigenCloud (formerly EigenLayer): Approximately 1.29 million tokens to unlock at 3:00 AM Beijing time on August 6, accounting for 0.40% of current circulation, valued at ~$1.4 million.

- GoGoPool (GGP): Approximately 750,000 tokens to unlock at 8:00 AM Beijing time on August 4, accounting for 10.60% of current circulation, valued at ~$1.2 million.

Sources: JD.com and Ant Group Unlikely to Be on Hong Kong’s First Stablecoin License List

According to Caixin, sources close to Hong Kong stablecoin license applicants stated that as regulatory details take effect, the stablecoin boom in Hong Kong will subside. In particular, non-financial institution applicants focused on cross-border payment use cases may voluntarily withdraw from early-stage participation due to difficulties in meeting regulatory requirements to "verify the identity of every token holder." This suggests that previously popular internet platforms like JD.com and Ant Group may not appear on the first batch of license lists.

Additionally, CITIC Group, through its Hong Kong subsidiary CITIC Bank International, has partnered with institutions to apply for the first batch of stablecoin licenses. Industry insiders noted that Bank of China (Hong Kong), one of Hong Kong’s three note-issuing banks, would have inherent advantages if it issues stablecoins, reassuring regulators from both sides.

Michael Saylor: Bitcoin Is a Trading Asset Short-Term, a Treasury Asset Long-Term

Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), posted on X: In the short term, Bitcoin is a trading asset. But in the long term, it will be a treasury asset. Bitcoin is a network of hornets serving the goddess of wisdom, feeding on the fire of truth, growing exponentially behind walls of cryptographic energy—becoming smarter, faster, and stronger.

Insiders: China Lacks Globally Influential Public Chains; Suggest State-Owned Enterprises Lead National Public Chain Development

According to Caixin, an insider interviewed on stablecoin-related matters stated that China currently lacks globally influential public chains. Another insider suggested that national-level backbone public chains should be developed under the leadership of central state-owned enterprises, while industry-specific public chains could open to market competition.

An insider emphasized: Public chains are the infrastructure for stablecoin issuance, and they are crucial and indispensable for building an independent, controllable, safe, and efficient financial infrastructure system in the digital finance era.

A policy insider noted: Stablecoins must be issued on public chains, but the current issue is that neither Hong Kong nor the Chinese mainland has a globally influential public chain. Using U.S.-based public chains could expose China to political risks such as Sino-U.S. confrontation, potentially leading to "strangulation." Going forward, we need to increase investment in public blockchains (i.e., public chains) to achieve independent control and develop them in layers: national-level backbone public chains led by central state-owned enterprises, industry-specific public chains open to market competition, and scenario-specific public chains fully driven by market competition, another insider suggested.

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