[Chain News] On August 11, news from the market indicates that the stablecoin and blockchain infrastructure company Paxos is applying for a trust bank license from U.S. regulators and plans to establish an office in the U.S. to expand its Compliance Financial Service capabilities.

Discussion of Berachain's ecological characteristics and overview of core projects on the eve of issuing coins.
Introduction
Berachain is a Layer 1 network characterized by the PoL (Proof of Liquidity) consensus mechanism, aimed at coordinating the interests of validators, liquidity providers, and protocols. The second testnet "bArtio Testnet" is currently underway. As of January 2, 234 protocols have participated in the testing, with the number of participating wallets exceeding 2.38 million, showing a high level of market attention towards Berachain and its ecosystem.
The founder of Berachain, Smokey The Bera, recently hinted that the mainnet may launch before April, attracting new and old users to join the ecosystem. However, participating in the Berachain ecosystem requires understanding its PoL mechanism, and the complex financial products launched by protocols before the mainnet goes live to gain an advantage.

The Hong Kong virtual asset market welcomes new opportunities: Guotai Junan International obtains a license, triggering a chain reaction.
Recently, the Hong Kong financial market has witnessed an important breakthrough. A well-known Chinese brokerage firm has obtained a virtual asset trading service license in Hong Kong, and this news has sparked widespread attention and strong reactions in the market.
It is reported that the brokerage has been authorized to upgrade its existing securities trading license to include virtual asset trading services. The specific services include providing direct virtual asset trading services, related consulting advice, and issuing and distributing products related to virtual assets, such as over-the-counter derivatives, structured notes, and tokenized securities.
In fact, the company launched structured products based on virtual asset spot ETFs in the Hong Kong market as early as last year and was approved to carry out virtual asset trading platform introduction agent business. This new license aligns perfectly with the "A-S-P-I-Re" regulatory roadmap released by the Hong Kong Securities and Futures Commission in February this year.

Base App: Build a Web3 super gateway and construct a global on-chain economy.
Recently, Base held the highly anticipated "A New Day One" launch event, announcing significant upgrades to its ecosystem. The highlight of this event was the official rebranding of Coinbase Wallet to Base App, marking a strategic shift for Base from purely underlying infrastructure to a "super app" that integrates users, applications, and social features.
Base has achieved a strategic transformation by upgrading its brand from a single chain to an open stack. This brand new stack includes three synergistic components:
1. Base Chain: A secure, fast, low-cost Ethereum L2, with the newly launched Flashblocks module reducing its effective block time to 200 milliseconds.
2. Base

Ethereum has recently stirred up a storm—its price surged from 4185.90 to 4255.35 USD, rising by 1.66%. The driving force behind this surge is the large-scale panic buying by institutions, with the two major whale addresses, BitMine and SharpLink, holding over 1.79 million ETH in total, which is an excellent reflection of the supply-demand imbalance. Additionally, the trading volume has skyrocketed, and market confidence seems to have been boosted by this wave of momentum. Furthermore, the heat of this trend is intensified by Blue Origin, under Jeff Bezos, accepting ETH for purchasing tickets for space travel. Although I find this trend somewhat ridiculous, it might just be the beginning. Anyway, nobody wants to be played for suckers!

[Coin World] AMD confirms it has obtained export licenses for AI chips to China.