Crypto Morning Briefing: US to release economic data on blockchain, Google Cloud unveils information about its L1 blockchain GCUL
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Crypto Morning Briefing: US to release economic data on blockchain, Google Cloud unveils information about its L1 blockchain GCUL
NVIDIA's second-quarter fiscal 2026 earnings report achieved revenue of $46.743 billion.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Bessent: Will submit 3-4 Fed chair candidates to Trump, decision to be announced definitely in fall
According to Jinshi Data, U.S. Treasury Secretary Bessent stated that regarding the Federal Reserve chair position, he will communicate with candidates and submit 3 to 4 potential names to Trump, who will definitely announce his decision on the Fed chair nominee in the fall.
U.S. Commerce Secretary: Economic data will be published on blockchain
As reported by Decrypt, U.S. Commerce Secretary Howard Lutnick announced on Tuesday that the department will begin publishing economic data, including GDP statistics, on a blockchain. Speaking at a cabinet meeting, Lutnick said this move is the latest action by the Trump administration to support the cryptocurrency industry and plans to extend the initiative across "the entire government."
Notably, Lutnick did not specify which blockchain network would be used or provide detailed explanations of how this would improve government efficiency. Lutnick has close ties to the crypto industry—his Wall Street firm Cantor Fitzgerald has business relationships with stablecoin issuer Tether and is exploring a multi-billion dollar Bitcoin acquisition plan.
Hong Kong Digital Asset Listed Companies Alliance announces establishment today
The Hong Kong Digital Asset Listed Companies Alliance (HKVALA) held its founding conference today in West Kowloon, Hong Kong, attended by Hong Kong government officials and legislative council members who delivered speeches. Jingbei Fang, representing A-share fintech firms, attended the event and was appointed as one of the vice-chairman units of the alliance.
Google Cloud releases information about its L1 blockchain GCUL
According to official website information, Google Cloud has released details about its Layer 1 blockchain, Google Cloud Universal Ledger (GCUL), and opened a waitlist. Google Cloud stated that GCUL offers digital asset issuance, management, and settlement experiences. Its atomic settlement feature reduces risk and enhances liquidity. The company is researching value transfer through secure transaction mediums backed by regulated assets such as central bank deposits or money market funds, protected against bankruptcy.
Hyperliquid announces optimization of mark price calculation to enhance system robustness
Hyperliquid officially announced, "Based on user feedback, Hyperliquid perpetual contracts will use the standard mark price formula combined with prices from external pre-launch perps (if available). This change has no significant impact on most users and cases but improves system robustness. Importantly, this does not affect funding rates or realized PnL."
It is reported that Hyperliquid experienced multiple liquidation spikes on August 27.
Aave Labs launches Horizon platform enabling institutional borrowers to use tokenized assets for stablecoin loans
As reported by CoinDesk, decentralized lending protocol Aave Labs has launched Horizon, a new platform for institutional users allowing them to borrow stablecoins using tokenized real-world assets (RWA) as collateral.
Users can borrow stablecoins such as USDC, RLUSD, and GHO through the platform. Eligible collateral includes short-term U.S. Treasuries and crypto arbitrage funds from Superstate, Circle Yield Fund, and Centrifuge’s tokenized Janus Henderson products.
The platform operates on the decentralized lending protocol Aave V3, with Chainlink’s oracle services providing real-time pricing data. Notable institutions including VanEck and WisdomTree have become initial partners.
MANTRA announces additional $25 million buyback commitment for OM, totaling ~10% of circulating supply
According to an official announcement from MANTRA, blockchain project MANTRA has launched its first strategic OM token buyback program, committing at least $25 million. Combined with Inveniam’s prior $20 million investment, total committed capital reaches $45 million.
The buyback will be executed by MANTRA AG over several months via multiple centralized exchanges at prices close to market rate. Repurchased OM tokens will be withdrawn from exchanges as ERC20 tokens, then migrated to the MANTRA mainnet and staked to validator nodes.
The announcement states that based on current prices, the buyback involves approximately 110 million OM tokens, around 10% of the circulating supply.
CoinW approaches 8th anniversary; founder Gary shares internal letter outlining future vision and full-stack integration upgrade
Exclusively reported by media, global leading digital asset exchange CoinW is approaching its 8th anniversary. Founder Gary recently shared an internal letter reviewing the platform’s development and outlining future strategic priorities. Since its founding in 2017, CoinW has consistently adhered to the mission of “enabling every user to freely trade with trust and advance into the future securely,” aiming to build a globally trusted digital asset platform.
This year’s 8th anniversary theme is “Trot On To Infinity,” highlighting the long-term philosophy within the crypto industry. In the letter, Gary introduced the vision of a “gateway to future finance,” emphasizing continued focus on technological innovation, global expansion, and security safeguards.
CoinW currently serves over 200 countries and regions, with more than 15 million registered users. The platform recently completed a full-stack integration upgrade, consolidating trading matching, risk control, compliance systems, and liquidity management. It has also invested in and incubated ecosystem products such as DeriW, PropW, and GemW, building a full-scenario trading ecosystem and opening future trading pathways.
NVIDIA FY2026 Q2 earnings: Revenue reaches $46.743 billion
According to an official release, NVIDIA (NASDAQ: NVDA) reported its financial results for the second quarter of fiscal year 2026: revenue of $46.743 billion, up 6% sequentially and 56% year-over-year;
Data center revenue reached $41.1 billion, up 56% YoY; gaming revenue was $4.3 billion, up 49% YoY;
Gross margin was 72.4% (GAAP) and 72.7% (non-GAAP); earnings per share were $1.08 (GAAP) and $1.05 (non-GAAP). The company projects next quarter’s revenue at $54 billion (±2%) and gross margin between 73.3% and 73.5%.
Business highlights include: Blackwell data center revenue grew 17% QoQ; GeForce RTX 5060 became the fastest-growing x60 series GPU; professional visualization revenue reached $601 million, up 32% YoY; automotive revenue hit $586 million, up 69% YoY.
The company is collaborating with multiple European nations to build AI infrastructure, introduced the NVFP4 format to optimize large language model training, and Disney, Foxconn, and others have adopted the RTX PRO 6000 Blackwell server GPU.
In shareholder returns, NVIDIA returned $24.3 billion to shareholders in the first half of FY2026. The board approved an additional $60 billion stock buyback authorization, and a dividend of $0.01 per share will be paid on October 2.
Notably, no H20 products were sold to Chinese customers in Q2, but $180 million worth of previously reserved H20 inventory was released for sales of approximately $650 million in unrestricted H20 products to non-China customers.
New SOL treasury company "Solana Co" details revealed: Summer Capital and Avenir Group co-launching
According to The Information, the new SOL treasury company "Solana Co" is jointly launched by Pantera Capital, Summer Capital, and two Asian strategic partners from Avenir Group.
Summer Capital, founded in 2017, is one of Asia’s earliest licensed financial institutions actively investing in the digital asset sector, with portfolio companies including Hashkey, Immutable, Upbit, and Animoca.
Avenir Group, founded by Li Lin, is a forward-looking global investment group focused on financial innovation and cutting-edge technology, with operations spanning the U.S., UK, Japan, Singapore, and Hong Kong.
Yesterday it was reported that Pantera Capital is raising $1.25 billion to acquire public companies and convert them into SOL treasury companies.
Metaplanet plans to raise over $800 million, with 95% allocated to Bitcoin accumulation
According to a Metaplanet announcement, the company plans to issue up to 555 million ordinary shares in overseas markets, expecting net proceeds of 130.334 billion yen (approximately $887 million).
The announcement states that about 123.818 billion yen will be used to purchase Bitcoin, while 6.516 billion yen will fund Bitcoin yield-generating activities.
Market Trends
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This article recaps the Monad Card event, where decentralized nomination promoted fair participation. Cultural fairness in the crypto space is key to future success. The article discusses how the Monad project reduced bias through decentralized mechanisms, enhanced user engagement, and laid the foundation for future development.
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