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Today · 2026-08-22 · Sat

INSTITUTION: HBM4 PRICE RISES TO $4-5 PER THOUSAND BITS IN THE SECOND HALF OF THE YEAR

On 12 July, the DigiTimes report indicated that the next generation of HBM4 prices had risen to $4-5 and above in the second half of 2026, or from $2/kilobit. This is due to the extreme complexity of the HBM4 manufacturing process, which has a production cycle of four to six months and has a significantly lower initial performance rate, and to the fact that HBM production consumes about three times the crystaln circle capacity of standard DDR5DRAM, which severely limits the total internal stock that manufacturers can produce in existing facilities。

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The São Paulo Court ruled against Coinbase, in the case of $100,000 for hostage hacking

The State of São Paulo Court ruled that Coinbase had lost a claim in a case involving $100,000 in trust hackers. Although Coinbase does not control the user ' s wallet, the award may set a precedent for liability for companies that provide self-custody tools, even if they participate only as software providers. The case may have far-reaching implications for the legal liability of the encrypted money industry。

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AI INVESTED 25 PER CENT OF GDP GROWTH IN THE UNITED STATES, A RECORD HIGH

According to The Kobeissi Letter, AI investment accounts for more than 25 per cent of GDP growth in the United States, a record high. The investment included software, IT equipment, research and development and data centre expenditures, and over $1 per $4 increase in the United States came from AI. At present, AI expenditures account for about 8 per cent of GDP in the United States, up from a peak of about 6.5 per cent of GDP spent on IT equipment, software and research and development during the Internet bubble in 2000。

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Custodia Bank sued the United States in the Supreme Court. Storage

The Custodia Bank is in the process of suing the Federal Reserve before the Supreme Court to challenge its decision to refuse to apply for the main account. The main account is necessary for access to the United States payment system. Previously, the District Court held, by a 7-3 decision, that the Fed had the right to refuse an application for an account even for a legitimate compliance body. According to Custodia Bank, the Fed's conduct “has crossed the border”。

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SINGAPORE POLICE WORKED WITH CEX TO STOP 145 POTENTIAL VICTIMS OF FRAUD FROM LOSING OVER $4.2 MILLION

On 12 July, the Singapore Police Anti-Fraud Centre and Network Investigation Service, in a six-week joint anti-fraud operation from 16 April to 31 May 2026, worked with Coinbase, Coinhako, Gemini, Independent Reserve, OkX, StraitsX and Upbit to identify potential victims of fraud through the Chainalysis and TRM Labs' block chain analysis tool and to prevent potential losses of over $4.2 million through more than 145 targeted interventions by telephone and on-site. Coinbase Singapore wrote in X on 10 July that it had cooperated with the Singapore police to prevent over 145 persons from losing more than $4.2 million as a result of fraud. The Singapore Police indicated that it would continue to work with the Encrypted Currency Exchange and other private sectors to combat cybercrime。

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BIP-110 BITCOIN DATA LIMITATION PROPOSAL NEARS THE DEADLINE AND MINERS STILL HAVE A SUPPORT RATE CLOSE TO ZERO

On 12 July, the Bitcoin BIP-110 proposal was about to meet its deadline at the beginning of August, but the current support rate for miners is still below 1 per cent, indicating that the proposal faces considerable resistance. BIP-110, all known as "reduce data temporary soft fork", is at the core of the controversy about limiting non-financial data in the Bitcoin block chain. The proposal plans to limit OP RETURN data capacity within one year, prohibit the writing of most of the arbitrary data in excess of 256 bytes, and limit the script formats used mainly for data storage. Proponents argued that the proposal would allow the Bitcoin network to focus more on the payment function and reduce the pressure on nodes to operate; opponents argued that it would escalate the policy controversy on the use of block space into a change in consensus rules and determine which transactions were " acceptable " transactions. The founders of Strategy, Michael Saylor, and the co-founder of Blockstream, Adam Back, have both publicly opposed BIP-110. Saylor says, "There are 110 things more dangerous than garbage data" and that the proposal will "transform the garbage data dispute into a consensus change that will invalidate some of the current transactions that are valid and that pay fees." Adam Back says that if supporters cannot accept the status quo, they can choose a cross, but "bitcoin will not join." The data show that BIP-110 uses a user-activated soft fork to set a threshold of 55 per cent for miners' signals, but at present the miners' signal rate has never exceeded about 1 per cent, the current cycle is more than 0, and there is no support for major mines. The percentage of nodes running BIP-110 software is also in single digits, mainly from Bitcoin Knots users. The current signal cycle of the proposal will end near block heights of 959,615 and is expected to enter the voluntary locking deadline in early August and to be activated around September. If there is still a lack of broad support at that time, it may result in a few nodes forming a chain of separation。

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Lab Token crash. Strike's got a new "float-resistant" product

Market data indicate that Lab Token crashed this week, and Strike introduced a new “anti-volatilization” product designed to respond to market pressures and bitco-based internal fighting. In addition, Trump triggered new encryption speculation during the launch of his account, the Sony Bank obtained the approval of the OCC to establish a stable currency trust structure, and Strike introduced a bitcoin mortgage to avoid price triggers for liquidation。

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Chief Executive Officer Ripple: Ripple considered closing the company and allocating XRP to shareholders

On 12 July, Ripple Chief Executive Officer Brad Garlinghouse stated that he and the co-founder Chris Larsen had seriously considered closing down the company and allocating the XRP they held to shareholders after the SEC filed an indictment in 2020. Garlinghouse states that they chose to fight the SEC instead of closing down the company, that the decision saved hundreds of jobs but allowed Ripple to pay about $150 million in legal fees over four years. Ripple eventually won the case after the federal judge ruled that XRP was not a security in itself. The case was settled last year following a change in the SEC leadership, which took a more liberal position on encrypted currency。

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ZachXBT: US$ 18.3 million sold on LAB, suspected LAB team affiliation, which dropped 54% on two days

On 12 July, the chain investigator, ZachXBT, wrote that in the past 48 hours, an associated entity, initially funded by the LAB team, had deposited 18.4 million LABs (approximately $18.3 million) into Aster and continued to sell them in DEX, resulting in a decline in the LAB price from $1.2 to $0.55, a cumulative decline of 54 per cent. ZachXBT indicates that the entity obtained more than 196 million LABs from the LAB team in April 2026 and moved to multiple Bitget filling addresses. In May, about 100 million LABs to 10 addresses were extracted from Bitget, which it considered to remain under the control of the same entity, since market data did not indicate that an independent buyer had established a warehouse of this size. Since then, the relevant tokens have remained dormant until 10-11 July, when they were transferred to Aster and sold, and the entity still holds approximately 81.5 million LABs. ZachXBT also stated that it had issued an investigation in May this year accusing the LAB team of non-transparent private lending and OTC transactions, unilateral revision of the unlocking rules, control over the supply of more than 95 per cent of currency and unusual market behaviour. According to LAB, this week, LAB collapsed on the eve of the market apologizing, and the team explained the reason only by "large market participants". In addition, he criticized Bitget, Binance and Gate for failing to take measures against the manipulation of the relevant market, which resulted in prejudice to user interests。

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Analyst: Me and I do not give up, Holmuze Strait or become a “long-term powder barrel”

On 12 July, Ian Ralby, Senior Researcher and Managing Director of the Maritime Strategic Centre, Auxilium Worldway, warned that the war between the United States and Iran over the Strait of Hormuz could not be resolved by military means, adding that continued fighting would only push global fuel and food costs. There is a willingness on one side to continue fighting, and on the other side to continue to try to disrupt and weaken the other. This is in itself a formula for the continuation of the conflict. Unfortunately, this may mean the long-term problem of the Strait of Hormuz as a navigable waterway. The parties affected by the conflict may facilitate the resumption of the diplomatic process in the United States and the United States, but it will be difficult to change this dynamic, as both sides are volatile and have rather deep-rooted interests in success and victory. Unfortunately, the United States has a very flexible concept of what a victory looks like; on the Iranian side, there is now a very clear desire for some kind of retaliation for what has happened, an idea that leads to long-standing violent conflict。

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Analyst: If Bitcoin breaks the key resistance position of $64,700 or rises to $68,000 Dollar

On 12 July, an encrypted analyst, Ali Charts, wrote that bitcoin currently required attention at a level of $64,700, a key turning point in its next major trend. If Bitcoin can't break through the top of the tunnel at $64,700, it could trigger a deeper echo. If the seller were to secure the position, Bitcoin or return to the central support position of the corridor in the amount of USD 63,000 and may further test the bottom of the tunnel in the amount of approximately USD 61,500. However, Ali Charts states that a bitcoin that achieves an hourly-scale collection station of US$ 64,700 would render a judgement ineffective. After breaking that resistance, bitcoin could go further, $66,400, and the second target is $68,000。

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Prosecution of money-laundering criminal gangs by Turkish prosecution in the amount of approximately $850 million

According to hürriyet Daily news, the Turkish prosecution filed an indictment against a money-laundering network involving “Grand Bazaar”, amounting to approximately $850 million. The indictment lists 504 suspects accused of using shell companies, bank accounts, foreign exchange offices, POS terminals and encrypted currency to conceal illicit proceeds and to transfer stolen funds into encrypted currency abroad, while at the same time inducing victims to participate in fraudulent investments in high return. The prosecutor sought to sentence Türker Ak to up to 34.5 years ' imprisonment and Murat Dönmezoğlu, the network manager, to up to 31 years ' imprisonment。

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Iran says the future of Holmuz will be negotiated by Iran

ON 12 JULY, THE SPOKESMAN FOR THE IRANIAN MINISTRY OF FOREIGN AFFAIRS, BAGHAE, TODAY (12 JULY), DESCRIBED THE RECENT VISIT OF THE IRANIAN MINISTER FOR FOREIGN AFFAIRS TO OMAN AND HIS TALKS, THE TALKS BETWEEN THE IRANIAN AND OMAN FOREIGN MINISTERS IN MUSCAT, THE CAPITAL OF OMAN, THE DISCUSSIONS BETWEEN THE TWO SIDES ON THE COORDINATION MECHANISM FOR NAVIGATION AND NAVIGATION IN THE STRAIT OF HORMUZ, AND THE PARTICIPATION OF LEGAL AND TECHNICAL DELEGATIONS FROM BOTH COUNTRIES. BAGHAE INDICATED THAT THE TWO SIDES FOCUSED ON EXCHANGING VIEWS ON THE SAFETY OF SHIPPING IN THE STRAITS OF HORMUZ, RESPECT FOR THE SOVEREIGN RIGHTS OF BOTH COUNTRIES AND THE APPLICATION OF INTERNATIONAL LAW, AND DISCUSSED THE RELEVANT ELEMENTS OF ARTICLE V OF THE ISLAMABAD MEMORANDUM OF UNDERSTANDING. THE IRAQI SIDE EMPHASIZES THAT THE FUTURE MANAGEMENT ARRANGEMENTS FOR NAVIGATION IN THE STRAIT OF HORMUZ SHOULD BE DEVELOPED IN CONSULTATION BETWEEN THE TWO COUNTRIES AND TAKE FULLY INTO ACCOUNT THE EFFECTS OF THE PAST MONTHS, IN PARTICULAR THE UNITED STATES AND ISRAEL, ON IRAN ' S MILITARY OPERATIONS AND ON THE SAFETY OF SHIPPING IN THE STRAIT OF HORMUZ. BAGHAEI INDICATED THAT IRAN AND OMAN HAD AGREED TO CONTINUE CONSULTATIONS AT THE POLITICAL AND LEGAL AND TECHNICAL LEVELS TO REACH A COMMON UNDERSTANDING ON THE SAFETY OF SHIPPING IN THE STRAIT OF HORMUZ. A DELEGATION FROM THE GOVERNMENT OF QATAR WAS ALSO KNOWN TO HAVE PARTICIPATED IN THE DISCUSSIONS DURING PART OF THE TALKS. (CCTV INTERNATIONAL TIMES)

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