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Today · 2026-08-18 · Tue

Coinbase CEO acknowledges the failure of the Base creator's token strategy and the official shift to trading, payment and AI intelligence Body

On 14 July, Chief Executive Officer Brian Armstrong of Coinbase acknowledged that Base ' s one-year-long lead-up of the author ' s content token line had failed and that the project had urgently adjusted its strategy in early 2026. Base had previously promoted a chain of tokens that bound the creators ' personal, social and social posts, during which he had once become the most active second tier of the new currency, but a large amount of it collapsed, ZORA had fallen 95 per cent at a higher point and many investors suffered losses. On social platforms, Armstrong stated that it was a corporate strategic miscalculation and should be reversed. In response to a question from the outside world that Base's bet on AI's smarts is only a new round of hot spots, he responded that Base's long-term route prioritizes transactions, payments, AI's smarts, and that current internal resources focus on the tradeboard. Along with the strategic shift, Base abandoned the social creator's currency narrative, shifted the focus to chain trading, stable currency payments and AI smart pay infrastructure, and promoted the self-study open source x 402 agreement and Coinbase for Agendas platform. The market will assess whether the current round of strategic adjustments can save the life of the Base chain through the upcoming second-quarter financial statements of Coinbase。

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Slow fog cosine: Desktop Telegram should open Passcode Lock to protect sensitive local data

On 14 July, the slow-spray founder cosine sent a reminder to users on platform X, suggesting that the desktop version of Telegram's Passcode Lock should be opened and that the password set, which was used to unlock the local use of Telegram and load local high-sensitive data (e.g. identity-related information), should be kept in mind. He stated that it should be understood why this measure was needed and that the specific reasons for it should be followed up。

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Coinbase CEO initiated a vote “Does bitcoin come to the bottom?” 54.9% of users think “No”

On 14 July, Chief Executive Officer Coinbase Brian Armstrong launched a vote “Did Bitcoin come to the bottom?” Of these, 45.1 per cent considered it “Yes”, while 54.8 per cent considered it “No”. At the same time, it was indicated that the areas of durability of contract transactions, stabilization of currency payments, forecasting of markets and monetization of RWA continued to grow。

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THE KOREAN FOUR DEPARTMENTS WILL MEET ON THURSDAY TO DISCUSS SINGLE-SHARP ETF RISKS

ON 14 JULY, THE KOREA TIMES REPORTED THAT THE KOREAN FINANCIAL REGULATORY AUTHORITY WOULD CONVENE A HIGH-LEVEL MEETING ON THURSDAY TO DISCUSS THE RISKS AND RESPONSES TO SINGLE-STOCK LEVERAGE ETF. THE MEETING IS EXPECTED TO TAKE PLACE WITHIN THE FRAMEWORK OF THE “F4 CONFERENCE” OF THE GOVERNMENT'S COORDINATION MECHANISM ON MACROECONOMIC AND FINANCIAL ISSUES, WHICH WILL BE ATTENDED BY OFFICIALS FROM THE MINISTRY OF FINANCE AND ECONOMY, THE FINANCE COMMISSION, THE FINANCIAL SUPERVISORY AUTHORITY AND THE CENTRAL BANK OF KOREA. SOUTH KOREAN STOCK MARKET VOLATILITY HAS CONTINUED TO INCREASE IN THE RECENT PAST, AND SINGLE STOCK LEVERAGE ETF IS RECEIVING INCREASING ATTENTION FROM REGULATORS AND MARKET PARTICIPANTS. IT WAS FELT THAT SUCH PRODUCTS HAD BECOME AN IMPORTANT FACTOR IN THE VOLATILITY OF STOCK PRICES. ACCORDING TO INFORMED OFFICIALS, THE SUPERVISORY AUTHORITY HAS BEEN COORDINATING RELEVANT PROGRAMMES INTERNALLY IN RECENT DAYS, BUT THE POLICY DIRECTION HAS NOT YET BEEN FINALIZED. POSSIBLE MEASURES DISCUSSED IN THE MARKET INCLUDED RAISING THE LEVEL OF SECURITY REQUIREMENTS, LIMITING DAILY PRICE VOLATILITY AND ADJUSTING THE LEVERAGE MULTIPLIERS. HOWEVER, IN THE VIEW OF REGULATORS, THESE MEASURES MAY ONLY SERVE AS A TEMPORARY MITIGATION TO ADDRESS THE STRUCTURAL CAUSES OF MARKET VOLATILITY. KIM XIAN

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SOFT SILVER SUN JUSTICE: THE AI BOOM WILL REQUIRE $5 TRILLION IN INVESTMENT PER YEAR

ON 14 JULY, SUN JUSTICE, FOUNDER OF THE SOFT SILVER GROUP, STATED THAT BY 2040, THE GLOBAL ARTIFICIAL INTELLIGENCE INFRASTRUCTURE WOULD REQUIRE $5 TRILLION IN INVESTMENT PER YEAR TO SUPPORT THE EXPANSION OF DATA CENTRES, POWER SUPPLY AND HUMAN ROBOTS, THUS FACILITATING THE SHIFT FROM A “HUMAN-CENTRED” WORKING MODEL TO A NEW ONE. HE NOTED THAT AS ARTIFICIAL INTELLIGENCE DEVELOPED INTO “AIS”, THE RESULTING INCOME WOULD JUSTIFY THESE HUGE EXPENDITURES. “AGENT INTELLIGENCE WILL REVOLUTIONIZE OUR LIVES — AND THAT CHANGE WILL BRING PROFIT,” SAID SUN JUSTICE. KIM XIAN

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Deutsche Bank maintains a 10-year long-term debt to the United States, which is expected to increase to 4.8 per cent at year-end

On 14 July, Deutsche Bank strategists stated in their latest report that maintaining an empty view of the length of the United States Treasury debt was due to the continued increase in the free circulation of government bonds in the four major economies of the United States, the United Kingdom, the euro zone and Japan, which was expected to push up the term premium on long-term bonds. By the end of this year, the Deutsche Bank expects that the United States will have increased to 4.80 per cent of its 10-year sovereign debt and 4.3 per cent of its 2-year national debt. This means that the United States debt yield curve will be “temperature and steeper” than current spot and forward levels. Kim Xian

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Korea Ministry of Finance: Korea Chip Manufacturers, Shipbuilding Enterprises, Inc

On Tuesday, 14 July, the Ministry of Finance of the Republic of Korea indicated that, as major chips and shipbuilding enterprises began to sell United States dollars in large quantities on the forward market, the coffers of Korea were improving. In a statement, the sector stated: “The foreign exchange market is expected to experience structural changes in supply and demand conditions in the second half of the year, based on strong fundamentals such as a record trade surplus.” On Tuesday, the Korean dollar rose by 0.75 per cent against the United States dollar, reaching 1486.30, the highest level since 12 May. Kim Xian

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THE A.I.P. AND THE ASMART PRESS WILL TEST THE A.I.R

Radio build-up and Asma's financial report will test the resilience of AI, and analysts expect that the market will fluctuate significantly. At a time when investors were highly disturbed by the sale of AI-driven science and technology units, the importance of the performance disclosed by companies this week was further increased than in the past. Capital spending plans for the generation of electricity are one of the most market-oriented data in the supply chain of Weidar, and asmack's capacity planning will also provide important clues to the pace of expansion across the industry. The current market expectations for the performance of both companies have risen to a level that is almost impossible to overstep, making it easier for stocks that had previously experienced significant increases to be reversed after performance was announced. “The market is now in a very vulnerable position. The two financial accounts, Asmeh and telecommunications, either support this round of sales or further exacerbate the decline. In either case, the market reaction may be very clear.” The build-up previously indicated that capital expenditure would be close to a record $56 billion this year, but the SBG expects that this figure could reach a maximum of $60 billion。

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GOLDMAN SACHS: LEVERAGE ETF TO MAGNIFY MARKET FLUCTUATIONS, SEMICONDUCTOR CYCLE NOT YET HIGH

On 14 July, the global science and technology plate was subject to sharp fluctuations, with “round-the-clock” rhetoric in the semiconductor sector. However, according to recent studies by mainstream investors such as Goldman Sachs and Leuthold Group, the current round of adjustments may not be the result of fundamental reversals, but rather of a “de-leverage” storm of liquidity triggered by highly leveraged transactions. The previous irrational downside of the KOSPI index is of wide concern. According to Goldman Sachs in his report entitled KOSPI Test Key Technology Support, the recently introduced "Single Leverage ETF" is the core driver of volatilisation in the magnifying disk. According to statistics, the two-fold leverage ETF that had previously only tracked Samsung electrons and SK Hercules had dropped by over 30 per cent in one day. This extreme volatility forces the fund manager to sell the bottom-up stock to maintain the target leverage ratio. This forced stutter triggered a vicious circle of “down prices — forced to sell — further down prices” and led to typical liquidity steps. Goldman Sachs estimates that about 62 per cent of net sales by Korean institutional investors in the recent past have resulted from this type of ETF liquidation. Without exception, the United States stock market also faces over-leveraging concerns. Scott Opsal, Chief Investment Officer of Leuthold Group, stated that the growth of the United States financing voucher debt (Margin Debt) had reached the “red light zone”. The data show that, in the 12 months of May this year, the United States share-financed debt grew by 54 per cent to reach the tenth decile in history. In retrospect, when financing expands so dramatically, it tends to correspond to market peaks in 2000, 2007 and 2021. This “loaning of shares because of overconfidence” reflects a “lottery mentality” in the market. According to analysts, these leverages are highly concentrated in semiconductor and AI industrial chains, making market structures extremely vulnerable. Once the mood reverses, the collective withdrawal of the lever will lead to a violent reversal of the already strong varieties。

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ON JULY 17TH, FRANÇOIS WILL REMOVE MULTIPLE SPOT TRANSACTIONS SUCH AS GM/BTC AND KNPC/BTC

ON 14 JULY, ACCORDING TO THE OFFICIAL ANNOUNCEMENT, ACCORDING TO THE RESULTS OF A RECENT AUDIT, ON 17 JULY 2026, AT 11 A.M. (EASTERN SECTOR 8 TIME), THE FOLLOWING SPOT TRANSACTIONS WERE TO BE REMOVED AND STOPPED: GM/BTC, KNC/BTC, ONT/BTC AND XAI/USDC. THE SPOT-TRADING ROBOTIC SERVICES FOR THE TRANSACTIONS DESCRIBED ABOVE WILL BE TERMINATED AT THE SAME TIME AND USERS ARE ADVISED TO UPDATE OR CANCEL THEM EARLIER. THE DOWNSIDE OF A SPOT TRANSACTION DOES NOT AFFECT THE AVAILABILITY OF A TOKEN IN A CURRENCY, AND THE USER MAY STILL USE OTHER TRANSACTIONS TO MATCH THE TRANSACTION。

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Former L.A. officer was sentenced to 18 months for perjuring an encrypted businessman

On 14 July, the Block reported that Scott Simpson, former Deputy Superintendent of the Los Angeles County Police Department, had been sentenced to 18 months ' imprisonment for obstructing the FBI ' s investigation into Adam Iza, a imprisoned encrypted money dealer. According to the prosecution, Simpson denied having witnessed Ezza threatening the victim and extorting $25,000 in bank transfers during an incident in 2021。

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The Japanese and South Korean stock market is high

ON 14 JULY, THE DRAWINGS ROSE 500.77 POINTS PER DAY BY 225 PER DAY (ON TUESDAY) ON 14 JULY, AN INCREASE OF 0.74 PER CENT AND 67743.50 POINTS. THE NUMBER OF BOURGEOIS WARRIORS ROSE BY 5.3 PER CENT AND THE NUMBER OF SOFT SILVER BY 2.2 PER CENT. THE KOREAN KOSPI INDEX ROSE BY 49.9 POINTS ON JULY 14TH (ON TUESDAY), BY 0.73 PER CENT AND REPORTED 6856.83 POINTS, AT A TIME WHEN THE INDEX DROPPED BY 5 PER CENT. THE KOREAN ENTREPRENEURSHIP BOARD (KOSDAQ) FELL BY 1.92 PER CENT, AT ONE POINT OVER 5 PER CENT, AND TRIGGERED THE SUSPENSION OF PROCEDURAL TRADING MECHANISMS. IN ONE CASE, SK HERCULES ROSE BY 3.6 PER CENT AND TRISTAR BY 3.3 PER CENT. KIM XIAN

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Traders raised interest-rate bets on the British Central Bank, fully absorbing the expectations of 25 basis points of interest increase by September

On 14 July, traders raised interest-rate bets on the British Central Bank, fully absorbing the 25 basis points of interest increase expected by September. The British interest rate futures indicate that the market expects the British Central Bank to tighten its policy by December by about 50 basis points, compared to the forecast of about 40 by Monday. Kim Xian

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Zachxbt: An entity extracts 17.9 million LABs from Bitget to KuCoin

Wu stated that it had been informed that Zachxbt had indicated that on 13 July an entity had first extracted 17.9 million LABs (approximately $7.2 million) from Bitget to KuCoin, of which 5 million had subsequently been transferred out and sold through the Aster spot market, resulting in a short fall of LAB from $0.34 to $0.22, a decline of approximately 35 per cent. Since then, the entity has transferred 30 million LABs (approximately $8.3 million) from the Bitget hot wallet to another KuCoin filling address. Zachxbt considers it to be confusing the source by replacing the financial path. Zachxbt claims that the entity received over 196 million LABs from the LAB team in April this year。

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