Jussi Hiljanen, Chief Interest Rate Strategist at SEB Research, said in a report that the long-term US Treasury yield may further rise, partly because market confidence in US policy is waning. "Trust in US policy is eroding, considering the cost of forex hedging, lack of attractiveness in valuation, and investors shifting to European bonds, all indicate that long-term US yields face structural upward pressure, with long-term Treasury yields expected to rise modestly, but fiscal policy may trigger a significant repricing of US Treasury bonds." 

according to Yonhap News Agency, Hong Joon-pyo, a presidential candidate for the ruling party National Power Party in South Korea, promised to significantly reduce regulations on blockchain and cryptocurrency at a policy forum. This conservative candidate stated that he will emulate the regulatory approach of the Trump administration in the United States. He pledged to implement blockchain technology in government services and promote virtual assets as a separate industry.

South Korean financial regulatory agency announced on Wednesday that it plans to release comprehensive guidelines for institutional cryptocurrency investments in the third quarter. The Financial Services Commission made this announcement during a meeting with local cryptocurrency industry experts. While investment guidelines for listed companies and professional investors are expected to be introduced in the third quarter, the Financial Services Commission stated that its goal is to release investment guidelines for non-profit organizations and cryptocurrency exchanges in April. The Financial Services Commission first announced in January that it would gradually lift the ban on institutional investors investing in cryptocurrencies. Last month, the regulatory agency revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The upcoming detailed guidelines further solidify South Korea's shift in stance towards cryptocurrencies, no longer strictly opposing the entry of crypto assets into traditional financial markets.

The Bitcoin bill in Utah has passed the state Senate, but the core provisions of the bill have been removed. The provision was originally intended to make Utah the first state in the United States to have its own Bitcoin reserve. The "HB230 Blockchain and Digital Innovation Amendment" bill now only provides basic custody protection to Utah citizens, giving them rights to mine Bitcoin, run nodes, and participate in staking. On March 7, the bill passed with 19 votes in favor, 7 votes against, and 3 abstentions, and will now be sent to Utah Governor Spencer Cox for signature into law.

The Texas Senate has just passed Senate Bill 21 (SB-21) with a huge majority, marking a major step towards integrating digital assets into the national financial system.

President Trump signed an executive order to establish a special White House 2026 World Cup task force.

Golden Finance reported that TSMC is investing another billion US dollars in the United States, but the US "Wired" magazine reported on the 4th that an informed source said that this move did not stop the Trump administration from considering imposing potential tariffs of up to 100% on TSMC and other Taiwanese chip factories. The source said that one plan is that the tax objects will not only be Taiwanese chips themselves, but also electronic products such as iPhones equipped with Taiwanese chips. According to Wired magazine, the White House and the US Department of Commerce did not immediately comment, and TSMC declined to comment. (Jinshi)

According to the International News Agency, Russian Deputy Finance Minister Vladimir Kolychev told reporters that the Russian Ministry of Finance does not plan to change the current investment structure of the National Welfare Fund, especially not to include crypto assets - the volatility of crypto assets is too high, and the current level of accumulation in the National Welfare Fund does not allow for consideration of high-risk investments. Kolychev stated that he has not heard of any discussions in Russia about creating a crypto currency strategic reserve similar to the Trump administration's plan. He said: "This is more of a central bank issue. Honestly, I have not heard of such discussions." Kolychev added that it is still too early to discuss the possibility of including crypto assets in the investment structure of the National Welfare Fund.

On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.

The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.