Crypto Morning Brief: A-share market cap surpasses 100 trillion yuan for the first time, 880,000 ETH to gradually exit staking this week
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Crypto Morning Brief: A-share market cap surpasses 100 trillion yuan for the first time, 880,000 ETH to gradually exit staking this week
Strategy increases Bitcoin holdings by 430, bringing total holdings to over 629,000.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
CICC: The Fed will remain cautious on rate cuts and will not ease significantly
According to Jin10 News, CICC’s research report stated, "Recently, market pricing for Fed rate cuts has risen sharply, and internal divisions within the Fed have intensified, with both voices supporting rate cuts and those advocating caution. U.S. President Trump, Treasury Secretary Bessent, and others are also pressuring the Fed, calling for substantial interest rate reductions.
However, we believe current conditions do not support aggressive easing. The biggest risk facing the U.S. economy right now is 'quasi-stagflation,' and rate cuts cannot resolve this contradiction. Monetary policy should still focus on stabilizing inflation (expectations), rather than pursuing short-term growth or yielding to political pressure.
Therefore, we expect the Fed to remain cautious in its rate-cutting decisions and avoid significant loosening. With slowing employment and persistent inflation coexisting, uncertainty in the monetary policy path will greatly increase."
South Korea's financial regulator to submit stablecoin bill in October
According to The Block, South Korea’s Financial Services Commission (FSC) plans to submit a stablecoin regulatory bill to the legislature in October this year. Local media reported that ruling party lawmaker Park Min-kyu revealed the news during a discussion on stablecoins. The bill will be part of South Korea’s second digital asset legal framework, primarily regulating stablecoin issuance, collateral management, and internal risk control systems.
South Korea’s four major banks—Kookmin Bank, Woori Bank, Shinhan Bank, and Hana Bank—are planning to meet with Circle President Heath Tarbert, issuer of USD Coin (USDC), to discuss stablecoin business. South Korea’s central bank governor Lee Chang-yong previously stated that won-denominated stablecoin issuance should be limited to licensed banking institutions to prevent disorderly issuance of multiple stablecoins from affecting the country’s foreign exchange policy.
A-share market cap breaks 100 trillion yuan threshold for the first time, Shanghai Composite Index hits near 10-year high
According to Jin10 News, the Shanghai Composite Index rose to 3,731.69 points, gaining nearly 1% during the session, marking its highest level since August 21, 2015, and reaching a near-decade high, with over 4,200 stocks rising across both exchanges.
In addition, as of 10:34 a.m., the total market capitalization of A-share companies surpassed 100 trillion yuan, setting a new historical record and marking the first time A-shares have exceeded this threshold.
Qubic community vote passes; DOGE may become next 51% attack target after Monero
According to Cryptonews, after successfully executing a 51% attack on the Monero (XMR) network, Qubic launched a community poll asking which ASIC-supported proof-of-work blockchain should be targeted next. Qubic founder Sergey Ivancheglo shared the voting results on social media, showing DOGE received over 300 votes, surpassing the combined total of other candidates Kaspa and Zcash.
Previously, Qubic’s attack on the Monero network led cryptocurrency exchange Kraken to suspend XMR deposit services. SlowMist’s Yu Xian noted that the Qubic mining pool could theoretically rewrite the blockchain and censor any transaction.
Investment bank Jefferies: Core Scientific faces valuation gap, target price raised to $22
According to CoinDesk, investment bank Jefferies released a research report stating that the proposed merger between Bitcoin miner Core Scientific (CORZ) and AI cloud service provider CoreWeave faces a valuation discrepancy. The firm raised its target price for Core Scientific from $16 to $22 to reflect acquisition-related value and maintained a “Buy” rating.
The report notes that based on CoreWeave’s current stock price of $99.97, an all-stock deal values Core Scientific at approximately $12.35, significantly below Jefferies’ estimated fair value range of $16–$23. Analysts suggest that if CoreWeave’s share price does not recover before the shareholder vote, the parties may need to renegotiate terms, increasing the exchange ratio to between 0.16 and 0.20 or adding protective clauses to address volatility.
Greeks.live: 88,000 ETH to gradually exit staking starting this week
According to Greeks.live Chinese community report, the Ethereum network is entering a new peak period for staking withdrawals. From this week through month-end, approximately 880,000 ETH will exit PoS staking, releasing an average of $2 billion worth of ETH per week. Historical data suggests such-scale unlocking events could lead to a 5%-7% decline in ETH prices.
Market participants remain divided on short-term outlook. Some traders view 117 as the oscillation center and 115 as the critical long liquidation level. Meanwhile, ETH options implied volatility remains elevated, with market advice suggesting put-selling strategies around the $4,000 level.
CMBI Securities: Digital asset trading service officially launched
According to official announcements, CMBI Securities announced the official launch of digital asset trading services. The CMBI Securities mobile app now features digital asset trading functionality, offering eligible investors 24/7 access to digital asset markets. Eligible investors can directly trade Bitcoin (BTC), Ethereum (ETH), and USDT via their digital asset accounts.
BTCS announces dividend in Ethereum form: shareholders receive ETH equivalent to $0.05 per share
According to an official announcement, Nasdaq-listed BTCS (ticker: BTCS) today announced it will distribute a one-time blockchain dividend to shareholders, with each share receiving ETH worth $0.05. Additionally, the company launched a shareholder incentive program: investors who transfer their shares into the company’s transfer agent book and hold them until January 26, 2026, will receive an additional reward of ETH worth $0.35 per share.
Strategy adds 430 Bitcoin, total holdings exceed 629,000
According to an official announcement, Strategy Company disclosed that it purchased an additional 430 BTC at an average price of $119,666, investing approximately $51.4 million. As of August 17, 2025, the company holds 629,376 BTC with a total investment cost of about $46.15 billion and an average purchase price of $73,320. The company’s Bitcoin investment return for 2025 year-to-date stands at 25.1%.
Volkswagen Group Singapore introduces digital currency payment service
Volkswagen Group Singapore (VGS) announced a partnership with payments firm FOMO Pay to accept digital currencies for vehicle purchases and related services. Under the agreement, customers can pay using Bitcoin, Ethereum, and stablecoins such as USDT and USDC.
The payment service will apply to partial payments for new vehicles and after-sales services, with a daily transaction limit of 4,500 SGD and a maximum cap of 13,500 SGD. FOMO Pay will provide the payment infrastructure, ensuring compliance and offering real-time exchange rate services.
Renmin University of China launches advanced training program on virtual currency disposition, stablecoins, and RWA legal practice
According to the official WeChat account of Renmin University Law School, the school has released an enrollment notice for an Advanced Seminar on Legal Practice in Virtual Currency Disposition, Stablecoins, and RWA, scheduled to be held at Renmin University from August 29–31, 2025. Judicial authorities, lawyers, corporate legal officers, and researchers are welcome to register.
Market Movements
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Crypto OTC: Africa’s ‘invisible engine’ for stablecoin payments
This article discusses how over-the-counter (OTC) crypto trading is rapidly becoming a key enabler for global businesses to seamlessly participate in Africa’s digital financial ecosystem. It explores the rise of stablecoin payments in Africa, their impact on cross-border trade, financial inclusion, and the crypto ecosystem, while analyzing evolving regulatory frameworks, practical use cases, and future trends.
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Gemini IPO approaching; founding brothers once accumulated 120,000 BTC at $10 each
This article discusses Gemini Exchange’s planned IPO, which would make it the third cryptocurrency exchange—after Coinbase and Bullish—to list on U.S. markets. Founded by the Winklevoss twins, Gemini offers services including crypto trading, staking, and credit card rewards, serving over 13 million users and holding $50 billion in assets under custody. Despite current financial losses, improving market conditions and regulatory compliance create favorable conditions for its IPO.
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