Odaily Planet Daily reports that Alibaba announced today a share placement to non-US individuals outside the US, totaling HK$80 billion. According to the Science and Technology Innovation Board Daily, this placement was oversubscribed, with strong demand from high-quality long-term investors such as sovereign wealth funds. (Science and Technology Innovation Board Daily)

According to an article published on the X platform by James Van Straten, Bitcoin typically experiences a price surge several weeks before a golden cross forms. Currently, both the 50-day and 200-day moving averages for Bitcoin have turned upwards, and the market is approaching a golden cross. In 2022, Bitcoin's price never broke through the 200-day moving average, and the current market is forming a new structure. He stated, "This appears to be a new market phase." A golden cross typically refers to the 50-day moving average crossing above the 200-day moving average, a technical signal of a strengthening medium- to long-term trend. This indicator is a lagging indicator, primarily used to confirm trend changes rather than predict short-term price movements. Data shows that Bitcoin has historically experienced price increases before the 50-day moving average crossed above the 200-day moving average multiple times. Currently, Bitcoin's price has returned to the vicinity of the 200-day moving average, a significant difference from the market cycle in 2022.

According to OKX market data, PUMP rose more than 15% in the last 24 hours, reaching a high of $0.005442, and is currently trading at $0.005278.

According to Odaily Planet Daily, the Bitcoin Puell Multiple rose to 0.96 on August 22, up 0.2 from a week earlier, reaching its highest level in nearly three months. The Puell Multiple measures the change in Bitcoin's daily issued value relative to its 365-day moving average and is often used to observe miner revenue and market cycles. Furthermore, as of August 22, Bitcoin miners held approximately 1.1919 million BTC, a decrease of 46 BTC from a week earlier; the 7-day moving average of the Bitcoin network hashrate was approximately 905 EH/s, an increase of approximately 10.14 EH/s from a week earlier. (Digital Asset)

According to Odaily Planet Daily, Hyperliquid's revenue reached $16.93 million this week, a nearly 196% increase from last week's $5.72 million. Increased demand for perpetual contracts this week led to a simultaneous rise in platform trading volume and fee revenue. HYPE rose over 37% this week, currently trading at $78.66.