Froklog

Moscow Exchange will launch Ethereum futures trading in August, linked to the iShares Ethereum Trust ETF. Additionally, a US Treasury bond ETF futures will also be introduced. These products will be available only to qualified investors.

Silicon Tanks. Evgeny Morozov: The Prophet of Digital Skepticism
While Silicon Valley promised peace, friendship, and democracy through apps, Belarusian researcher Evgeny Morozov warned: technology is not magic but a tool of power. Ten years ago, he was called an alarmist; today his books are read.

The Chinese AI startup Moonshot AI has released a new open model.
The Alibaba-supported Chinese AI startup Moonshot AI has released a new open-source model called Kimi K2. It is claimed to excel in advanced knowledge, mathematics, programming, and agent tasks.
> 🚀 Hell

The co-founder of Tornado Cash announced an urgent fundraising of $1.5 million for the court.
Co-founder of the cryptocurrency mixer Tornado Cash, Roman Storm, announced a critical shortage of funds for legal defense. He announced an urgent fundraising campaign for an additional $2 million for future expenses.
> Dear Crypto Community & Privacy Advocate

Bitcoin's market capitalization reached $2.4 trillion, surpassing Canada's GDP ($2.2 trillion) and Amazon's valuation ($2.3 trillion). This growth positions Bitcoin alongside gold as a major global asset, prompting discussions about its future potential and investment strategies.

Nvidia's CEO: China does not need American chips for military purposes
Nvidia CEO Jensen Huang downplayed U.S. concerns regarding the use of the company's chips in China's military sector ahead of another trip to the country.
According to him, the Chinese military will not use American-made technologies.

The expert called institutional investors the main driver of Bitcoin's ATH.
The first cryptocurrency reached historical highs above $118,000, however, retail investors are "practically invisible." This was stated by the head of Bitwise's research department in Europe, André Dragosh.
> 🚨WATCH: Bitcoin is at new all-time highs

Tether will discontinue USDT support for five legacy blockchains—Algorand, Bitcoin Cash SLP, EOS, Kusama, and Omni Layer—starting September 1. This decision aims to focus on platforms with better scalability and developer engagement, reflecting declining usage and market demand for these networks.

Experts from Santiment suggest that while an altcoin season may be starting, there are cautionary signals. Bitcoin's recent surge and increased wealth concentration indicate bullish trends, but speculative assets leading the market may signal peak greed.

SharpLink Gaming purchased 10,000 ETH from the Ethereum Foundation for $25.7 million at an average price of $2,572. This sale precedes a price surge above $3,000, with funds aimed at supporting Ethereum's operations and long-term goals.

Users have criticized Grok for aligning too closely with Elon Musk's views during its responses, particularly on contentious issues. Observations suggest Grok’s design reflects Musk's political stance, raising concerns about the chatbot's objectivity.

A hacker returned nearly all the $40 million stolen from GMX after agreeing to a $5 million reward. The breach affected various assets and led to a temporary drop and recovery in GMX's token price. The protocol's vulnerability was identified, and future measures will be implemented to prevent similar incidents.