💰Market News: Testing the "Reward" Feature on the Website According to screenshots from the website, @pumpdotfun is suspected of testing the "Reward" feature, and a trading volume incentive program is expected to launch soon.

🔥 Financial Times: Strengthening the regulation of personal overseas income, income from buying and selling stocks overseas must also be taxed. Recently, some taxpayers received notifications from the tax authorities informing them that they need to declare their overseas income and pay the corresponding taxes in accordance with the law. "According to our personal income tax law, income from individual stock trading is classified as income from property transfer and should be taxed at a rate of 20% on a per transaction basis. Among them, income from stock trading in the domestic secondary market is temporarily exempt from personal income tax; however, there are no tax exemptions for income from direct stock trading overseas, which must be declared and taxed in the year following the income acquisition," explained Zhang Wei, Dean of the Taxation School at Jilin University of Finance and Economics. To collect taxes more reasonably, our tax authorities allow taxpayers to offset gains and losses within the tax year, but do not allow cross-year offsets. Paying taxes according to the law is an obligation that every citizen should fulfill. If individuals fail to declare or truthfully report their overseas income, in addition to being required by the tax authorities to pay back taxes, they will also incur late fees, and in severe cases, they may be subject to investigation by the auditing department and face tax penalties. Taxpayers who find that they have underreported or failed to report overseas income in their previous personal income tax declarations should promptly correct it.

⚠️ Hyperliquid has completed automatic refunds for the API outage incident, totaling approximately $1.49 million. Multiple community users have reported receiving automatic refunds for the Hyperliquid @HyperliquidX API outage incident. Additionally, based on on-chain transfer records, the total refund amount is approximately $1.49 million, but as of the time of this post, Hyperliquid has not issued an official statement regarding this matter. Previously, it was reported that Hyperliquid experienced an API server outage on the evening of July 29, which caused delays in order processing. Subsequently, Hyperliquid stated that it would provide refunds to affected users.

📊Base protocol head Jesse Pollak publicly shares his commonly used trading addresses Base @base protocol head Jesse Pollak @jessepollak has publicly shared three of his commonly used trading addresses on X, allowing the community to track his on-chain activities. 1. The first address is Jesse @jessepollak's new smart wallet, which is gradually becoming his default address: 0x2211d1D0020DAEA8039E46Cf1367962070d77DA9; 2. The second address is Jesse's Zora @zora smart wallet: 0xd211b9417f28d128435cd8d022aeaebbc8a28f17; 3. The third address is Jesse's old #EOA wallet, which is currently being gradually migrated: 0x849151d7D0bF1F34b70d5caD5149D28CC2308bf1.

💰Trump Media reports a $20 million loss in Q2, plans to launch a utility token and digital asset ETF. Truth Social's parent company, Trump Media, had a net loss of $20 million in Q2, with a stock price drop of 3.8%. About $15 million of this was related to legal fees from the SPAC merger. The company purchased $2 billion in Bitcoin in July, making it the fifth largest publicly listed holder of Bitcoin globally, and plans to launch a utility token linked to Truth Social and Truth+. Additionally, its digital asset ETF plan has been submitted to the SEC, with the review postponed until September 18.

📊 Data: Last week, the market capitalization of stablecoins increased by $1.78 billion, a week-on-week growth of 0.67%. According to DeFiLlama @DefiLlama data, the total market capitalization of stablecoins in the crypto market is $267.405 billion, an increase of $1.78 billion from last week, with a week-on-week growth of 0.67%. Among them, the market share of $USDT is 61.61%.

📊 Fluid's 24-hour trading volume on the Ethereum mainnet has surpassed Uniswap for the first time. DefiLlama @DefiLlama data shows that in the past 24 hours, Fluid @0xfluid ($1.432 billion) has surpassed Uniswap @Uniswap ($1.335 billion) in trading volume on the Ethereum mainnet, becoming the largest #DEX by daily trading volume on Ethereum.

💬Lido Co-founder: Deciding to Reduce Contributor Team Size, About 15% of Employees Affected Lido @LidoFinance Co-founder Vasiliy Shapovalov stated on the X platform last weekend: "To ensure long-term sustainability, Lido Labs, the Lido ecosystem, and the Lido Alliance have made the difficult decision to reduce the contributor team size, affecting about 15% of employees. This decision is not related to work performance but is purely a cost consideration. It is a tough decision, but it is based on considerations of long-term resilience. Although making such a decision during a market uptrend may seem counterintuitive, this move reflects our firm commitment to sustainable growth, operational focus, and alignment with the interests of LDO token holders. Lido is laying the groundwork for development over the next few decades, and this adjustment will help solidify that foundation."

🆚 The median holding duration of on-chain PvP players' tokens is getting shorter, currently only about 60 seconds. According to Adam (@Adam_Tehc), the median holding duration of tokens by on-chain PvP players (excluding Snipers) has decreased from about 200-300 seconds at the end of 2024 to the current approximately 60 seconds.

📈 The market capitalization of $USDe has risen to $9.293 billion, with an increase of over 75% in the past month. According to data from DeFiLlama @DefiLlama, the synthetic stablecoin $USDe from Ethena @ethena_labs has reached a market cap of $9.293 billion, with a growth of 75.13% in the past month. $USDe is currently the third-largest stablecoin by market cap, following $USDT and $USDC.