Matt Hogan: Bitcoin's response to negative news has become sluggish, and the bear market may have bottomed out

According to Reuters, the United States is preparing to require 35 AI Opportunity Statement signatories to choose sides between the Chinese and American AI camps. If they join the China led World Artificial Intelligence Cooperation Organization, they may be excluded from the US led cooperation system. Pax Silicon was established in the United States last year, with cooperation covering AI models, chips, key minerals, energy, and advanced manufacturing. China established the World Artificial Intelligence Cooperation Organization in July and promoted open weight models, AI training, and cooperation centers to developing countries. Kazakhstan is currently joining both the China US framework.

According to The Block, Tether CEO Paolo Ardoino responded to criticism after KPMG's audit by saying he doesn't care about accusations. Paolo Ardoino stated that Tether processed $7 billion in redemptions within 48 hours in 2022, accounting for approximately 10% of its reserves at the time. Paolo Ardoino stated that if he could continue to serve the 650 million emerging market users who rely on USDT, he would be willing to do so even if criticized as a villain.

As of August 13th, Circle issued approximately 5.4 billion USDC, redeemed approximately 5.3 billion USDC, and increased its circulation by approximately 100 million pieces within the 7-day period. The total circulation of the USDC is 71.9 billion pieces, and the reserve is about 72.6 billion dollars, of which the overnight reverse treasury bond bond repurchase is about 47.7 billion dollars, the treasury bond with a maturity of less than three months is about 13.5 billion dollars, the deposits of systemically important institutions are about 10.2 billion dollars, and the deposits of other banks are about 1.2 billion dollars.

The Hong Kong Securities and Futures Commission has issued a notice reminding the public to be vigilant against multiple fraudulent websites impersonating licensed virtual asset trading platform Hash Blockchain Limited, and clarifying that the relevant websites have no connection with the virtual asset trading platform licensed by the Commission.

According to Onchain Lens monitoring, Ethena transferred $81.97 million in USDC from the Coinbase Prime custodial wallet to FalconX. The fund transfer is suspected to be for OTC sale, and it cannot be confirmed whether Ethena has completed the sale at present.