On August 26, according to official news, City Protocol, an on-chain structured product infrastructure, announced the completion of its seed and Pre-A funding rounds, raising a total of $11 million. Investors include Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, and Mirana. City Protocol aims to bring structured products on-chain by providing an integrated infrastructure for issuance, operation, and acquisition through a tokenization layer, treasury layer, and issuance operation layer. Its flagship product is the on-chain structured product platform Venzo, which has launched four strategy treasuries with a total value locked (TVL) of $40 million, covering strategies such as quantitative hedging, cross-exchange arbitrage, and private credit, which have traditionally targeted institutional and professional investors. Venzo will also soon launch thematic treasuries, categorized into individual tracking and sector themes, allowing users to directly buy and adjust a basket of assets in their wallets according to publicly defined rules.
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City Protocol Secures $11 Million in Funding with Participation from Dragonfly
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Trump Shares Op-Ed Claiming He is Winning the War Against Iran
On August 29, U.S. President Trump shared a commentary article from the New York Post on Truth Social on Saturday, which stated that he is winning the war against Iran and should maintain the current strategy. The title of the article Trump shared read: 'Trump is Winning the War Against Iran - Stay the Course.' -
Morgan Stanley: 2028 as a Key Observation Point for Global Memory Competition Landscape
On August 29, Morgan Stanley pointed out that the rise of Chinese memory manufacturers should not be viewed merely as a technological catch-up or low-cost substitution; what is truly noteworthy is that their production capacity may gradually become large enough to alter the supply structure of the global memory market. Changxin Technology and Yangtze Memory Technologies are currently entering the mainstream product market and gradually extending into high-profit markets such as HBM, high-end server DRAM, and enterprise SSDs. Morgan Stanley considers 2028 as an important observation point for the global memory competition landscape. From 2026 to 2027, demand for AI servers, capacity crowding of advanced wafers by HBM, import substitution, and the time required for customer certification may absorb most of the new supply from Chinese memory manufacturers. By 2028, as Chinese manufacturers expand production, the additional capacity from Samsung, SK Hynix, and Micron, which had previously initiated expansions, will also be released. At that time, the supply variables in the global memory market will significantly increase. Morgan Stanley estimates that Changxin's DRAM monthly production capacity will rise from 180,000 wafers in 2025 to 300,000 in 2026, accounting for approximately 13% of global DRAM wafer capacity and about 11% of bit shipments; by 2028, it is expected to further increase to 500,000 wafers, and by 2031, it could reach 800,000 wafers. If the expansion proceeds smoothly, Changxin's global DRAM bit shipment market share could approach 15% by 2030, and it may even have the opportunity to surpass Micron in production capacity around 2028, becoming the third-largest DRAM supplier in the world. -
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US Spot Ethereum ETF Sees Net Inflow of $102.17 Million Yesterday
On August 29, according to monitoring by Trader T, the US spot Ethereum ETF recorded a net inflow of $102.17 million yesterday. -
US Spot Ethereum ETF Sees Net Inflow of $102.17 Million
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On August 29, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $201.81 million yesterday. -
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BTC Surpasses $78,000
Market data shows that BTC has surpassed $78,000, currently priced at $78,009.49. The 24-hour decline has narrowed to 3.23%. Due to significant market fluctuations, please ensure proper risk management. -
BTC Surpasses $78,000
Market data shows that BTC has surpassed $78,000, currently priced at $78,009.49, with a 24-hour decline narrowing to 3.23%. The market is experiencing significant volatility, so please ensure proper risk management.
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