Techub News Evening Report: Ethereum unstaked amount exceeds 910,000 coins, Lee Chang-yong discusses the need to gradually introduce the Korean won stablecoin from banks.

Organizer: Nona

Fear and Greed Index: 53 (Greed) Bitcoin price: $115,504 BTC/ETH Spot ETF Capital Flow (8.18) BTC net outflow: $121.81 M ETH net outflow: $196.62 M

Regulation/Macro

Hong Kong establishes a specialized committee for anti-money laundering in digital assets, with participation from Round Coin Innovation Technology and others.

According to the Hong Kong Economic Journal, the non-profit organization Hong Kong Digital Asset Anti-Money Laundering Professional Committee (DAAMC) has been established with the support of the Hong Kong Virtual Asset Industry Association, with participation from firms such as Slow Mist and Round Currency. This organization is dedicated to promoting collaboration among regulated financial institutions to develop and promote anti-money laundering and counter-terrorism financing (AML/CFT) standards and practices. Round Currency Technology stated that the committee gathers expertise from leading institutions to establish global AML/CFT standards. In addition, the committee will release two technical reports on anti-money laundering for stablecoins and will hold a seminar at the end of the month.

The U.S. Treasury is soliciting innovative regulatory ideas for stablecoins regarding the "GENIUS Act".

The U.S. Department of the Treasury is seeking public input from financial institutions on innovative methods for detecting illegal activities related to digital assets, as required by the GENIUS Act. This includes APIs, artificial intelligence, digital identity verification, and blockchain monitoring. The public is required to submit comments by October 17 (within 60 days), which will be used to assess the effectiveness, cost, privacy, and cybersecurity of the tools.

The Governor of the Bank of Korea stated that the introduction of the Korean won stablecoin should gradually start from banks.

The Governor of the Bank of Korea, Lee Chang-yong, stated on the 19th that "In the future, in order to incorporate programming functions into currency, a Korean won stablecoin is necessary, but a wiser approach is to introduce it from banks first and then gradually expand." On the same day, while attending the National Assembly's Planning and Finance Committee, Lee Chang-yong addressed the concerns of lawmakers regarding the timing and issuing entities of stablecoins, pointing out the potential risks of stablecoins one by one, demonstrating a cautious attitude.

The Office of the Comptroller of the Currency: Community banks can collaborate with stablecoin companies to promote innovation.

Community banks can collaborate with companies developing stablecoins to promote innovation and offer new products. The OCC will review and update its regulatory and supervisory approaches as necessary to ensure the vitality of community banks while supporting innovation in the banking sector.

Project/Company Updates

South Korea's regulators have required the cessation of lending services for CEX in the country starting today.

The Financial Services Commission (FSC) of South Korea has ordered local cryptocurrency exchanges to suspend lending services starting from August 19, 2025. The Financial Supervisory Commission stated that the suspension will last until official guidelines for cryptocurrency lending are issued. The regulatory body pointed out that lending activities pose legal uncertainties and risks of user losses, noting that in the first month after a digital asset company launched lending services, approximately 27,600 investors borrowed 1.5 trillion won (worth 1 billion USD). The Financial Supervisory Commission indicated that 13% of these borrowers were forced to liquidate due to price fluctuations.

WazirX is close to obtaining legal permission, and the court intends to approve its resumption of trading.

According to watcher.guru, India’s largest cryptocurrency exchange WazirX is on the verge of resuming trading, currently awaiting court approval after a restructuring plan has progressed smoothly. The restructuring plan received overwhelming support, with 95.7% of eligible creditors voting in favor, marking a critical step in addressing the aftermath of the hacking incident in July 2024. The hack at that time resulted in the theft of $235 million, a significant portion of which flowed to North Korea.

ETH Strategy announces a partnership with Ether.Fi for Ethereum staking.

ETH Strategy announced a partnership with the DeFi staking protocol Ether.Fi to deploy part of the STRAT treasury funds to Ether.Fi for Ethereum re-staking. Ether.Fi currently has a TVL of over $12 billion and has launched the first liquid re-staking token eETH based on EigenLayer. This collaboration aims to achieve verifiable treasury returns through on-chain transparent holdings and receipt vouchers, and plans to integrate more DeFi protocols in the future to diversify income sources.

Deep & Forward-looking

Understanding the SEC, from 'Project Crypto' to 'Peanut Butter and Watermelon'

First, refine the compliance and technology stack in the surrounding markets that can be seamlessly migrated to the United States, and then choose the right time to enter. Integrating Web 3 with Web 2 finance in the United States, a place where "narrative and system are in sync," is the correct way to traverse cycles and share the digital dividend of dollar assets.

The "Moon Landing" plan of Strategy

Today, we take an in-depth look at Strategy Company (formerly MicroStrategy) Q2 2025 financial report, which marks the company's first quarter of achieving a net positive gain after adopting fair value Bitcoin accounting standards, creating one of the largest quarterly profits in the company's history.

viewpoint

After hitting a new high, Bitcoin dropped nearly $10,000. What happened in the market?

Since the beginning of this year, the key factor determining the market direction has been the US monetary policy. Looking at this year, the expected regulation has been well reflected in the cryptocurrency market. When interest rate cut expectations rise, the market goes up; when expectations decline, the market falls. Against this backdrop, whether to cut rates, how much to cut, and how to cut have all become the most concerning questions for market observers.

Viewpoint: This round of bull market is driven by capital overflow from the AI sector, and the momentum will continue.

The Federal Reserve continues to maintain a tight policy, and fiscal stimulus is gradually weakening, yet risk assets keep rising. What is the reason? It is because the capital gains driven by artificial intelligence (AI) and capital expenditures (Capex) in the top-level economy are being transmitted layer by layer, while Crypto Treasury Companies (TCos) have designed a new transmission mechanism to convert stock market enthusiasm into on-chain bidding.