According to Cointelegraph, Texas-based telecommunications company Lingo Telecom has been fined $1 million by the Federal Communications Commission (FCC) for participating in illegal Biden deepfake scams. The scam involved using AI-generated recordings of President Biden's voice, which were automatically dialed to spread misinformation and prevent people from voting in the New Hampshire primary.

According to Hong Kong stock market data, the total trading volume of all Hong Kong virtual asset ETFs today was about HKD 9.5 million. Among them, the trading volume of Huaxia Bitcoin ETF (3042.HK/9042.HK/83042.HK) was HKD 5.2533 million, the trading volume of Huaxia Ethereum ETF (03046.HK/09046.HK/83046.HK) was HKD 0.193 million, the trading volume of ChinaAMC Bitcoin ETF (03439.HK/09439.HK) was HKD 1.1912 million, the trading volume of ChinaAMC Ethereum ETF (03179.HK/09179.HK) was HKD 0.8484 million, the trading volume of Bosera Bitcoin ETF (03008.HK/09008.HK) was HKD 1.4386 million, and the trading volume of Bosera Ethereum ETF (03009.HK/09009.HK) was HKD 0.5755 million. Note: All the above virtual asset EFTs have Hong Kong dollar and US dollar counters, and only the two Huaxia ETFs have RMB counters.

According to Cointelegraph, blockchain service solution provider SOS Limited has received a non-compliance letter from the New York Stock Exchange (NYSE) due to poor stock performance. The trading price of its American depositary shares (ADS) has fallen below $1 for 30 consecutive trading days. According to legal requirements, SOS must restore its stock price and average stock price to above $1 within six months, otherwise it will face the risk of being suspended and delisted from the New York Stock Exchange. This non-compliance notice will not have a direct impact on the listing of the company's American depositary receipts. During the six-month remediation period, as long as it meets the other listing requirements of the New York Stock Exchange, the company's American depositary receipts will continue to be listed and traded on the New York Stock Exchange.

According to Deribit data, BTC options and ETH options with a nominal value of approximately $1.44 billion will expire tomorrow. Among them, BTC options with a nominal value of $1.11 billion are about to expire, with a Put Call Ratio of 0.82 and a maximum pain point of $60,000; ETH options with a nominal value of $330 million are about to expire, with a Put Call Ratio of 1.10 and a maximum pain point of $2,650.

Binance will launch perpetual contracts for POPCATUSDT and SUNUSDT with a maximum leverage of 75x, scheduled to go live at 21:00 (UTC+8) and 21:05 (UTC+8), respectively, on August 22nd, 2024.

QCP Capital, a Singapore-based cryptocurrency investment firm, published a statement overnight indicating that the downward revision of US non-farm payroll employment figures highlighted weakness in the labor market, causing concerns about the possibility of the Fed delaying rate cuts and triggering a sell-off. However, the minutes from the July Federal Open Market Committee (FOMC) meeting showed that some policymakers are willing to cut interest rates, which released a more dovish stance aimed at balancing inflation and employment goals, thus alleviating these concerns. This dovish tone boosted risk assets and pushed the price of Bitcoin above $61,800, with strong buying on Coinbase continuing until 4am Singapore time. The aggressive buying on Coinbase (indicating US domestic demand) is a good signal for short-term trends. Now, the market's focus is on Fed Chairman Powell's speech tomorrow in Jackson Hole, hoping to get more signals about rate cuts. Given the market's widespread bet on rate cuts, unexpected economic data may have a significant impact on the market.

According to SolanaFloor on the X platform, Parcl announced that trading has resumed and the domain has been secured after suffering a DNS attack. Previously, Web3 security company Pocket Universe posted on X, stating that it had detected a hacker attack on the front-end of the Parcl official website. The attacker would extract tokens from the user's Solana wallet and display false transaction results on Phantom.

Bitcoin is showing signs of weakness, according to cryptocurrency analyst Nicholas Merten. The digital asset is struggling to overcome resistance levels and has fallen below the 200-day moving average, indicating a bearish phase. Merten believes that unless Bitcoin can surpass its prior highs and establish a new base, it may not be a new bull market. At the time of writing, Bitcoin is trading at $59,381.

Sun Yuchen, founder of TRON and global advisor to Huobi HTX, responded to the news on social media that "SunPump platform's protocol revenue in the past 24 hours exceeded Pump.fun", saying, "We are doing our best to serve all Meme developers and users in the industry. This is just the beginning." He also revealed that a new version of SunPump will soon be launched, with significantly improved stability and a comprehensive solution to the data and K-line issues reported by users.Related data shows that in the past 24 hours, SunPump, a Meme issuance platform on the TRON chain, issued 7,351 tokens, generating $585,000 in revenue. During the same period, Pump.fun issued 6,701 tokens, generating $366,000 in revenue.In addition, Sun Yuchen also responded to the issue of energy shortages caused by the surge in activity on the TRON network due to SunPump's popularity. "Proposals to increase the energy limit and reduce costs have been drafted. The super representatives are expected to initiate the proposal today, and voting will open shortly and take effect soon. We attach great importance to reducing the transaction costs of Meme on the TRON network and will complete it soon."

According to Jinse Finance, cryptocurrency management company Grayscale has announced the addition of Avalanche blockchain token trust to its recent series of new products. Grayscale Avalanche Trust provides investors with investment opportunities in AVAX tokens for paying transaction fees and ensuring the position of Ethereum's high-speed, highly scalable competitor.