ITHACAIthaca Protocol प्राइस

On August 24, Bernstein analysts rated Circle as 'Outperform' and set a target price of $140. The analysts noted that Circle's current growth cycle is not dependent on the progress of the U.S. 'Clarity Act.' They pointed out that in the past week, the supply of USDC increased by $1.7 billion, while USDC's market share in stablecoin trading volume continues to expand, indicating that Circle's business growth momentum is still strengthening.

On August 24, according to Yicai Global, the Hong Kong Monetary Authority and the Securities and Futures Commission have entered a critical phase of implementing the regulatory circular issued on May 22. Licensed institutions, such as HSBC Hong Kong, are conducting verification work for dormant investment accounts of mainland investors with zero balances. The verification targets accounts that have had no asset balances as of May 22, 2026, and have not seen any client-initiated transactions in the past 12 months; active accounts with normal trading will not be affected. Some banks have set internal deadlines: accounts that do not submit the relevant declarations by August 20 or suspend investment services will terminate investment services if not completed by September 12. Accounts that fail to complete the reopening process by the deadline will be handled according to regulatory requirements. The core of the account reopening process is the submission of a written declaration of the source of funds, where clients must confirm that all investment-related funds come from legal channels outside of mainland China. It is important to note that this declaration is merely a self-commitment by the client, and banks will not conduct substantive verification of the funds; the client bears legal responsibility for the authenticity of the declaration, while institutions will only retain records for regulatory checks. If an account was opened with suspicious or forged documents, it will be directly closed without the opportunity for reopening. This is an execution of an existing circular and not a new regulatory policy; each bank's execution timeline will be based on institutional notifications.

On August 24, Arthur Hayes stated in a recent video interview with the Altcoin Daily podcast that his new startup project, Flop Network, plans to airdrop 20% of its total supply over the next 10 years. This figure may be adjusted later, and the purpose of announcing it is to gather user feedback. The FLOP token is expected to become one of the top two tokens in the cryptocurrency market.