What Is $WATER

On August 19, Pavel Durov, the founder of Telegram, announced in his personal channel that Telegram has applied for the '.gram' domain suffix. If the application is approved by the Internet Corporation for Assigned Names and Numbers (ICANN), approximately 1 billion Telegram users will have the opportunity to obtain their own second-level domains. Durov provided examples, stating that the Telegram username @durov could correspond to durov.gram, while @monk could correspond to monk.gram. Users will also be able to create interactive websites hosted on Telegram by entering a command.

On August 19, Bitcoin's recent volatility fell to a multi-year low, with a 30-day historical volatility of about 42%, compared to approximately 18% for the S&P 500, marking the smallest historical volatility gap between the two. The market is caught in a stalemate between buyers and sellers, with companies and mining firms limiting upward movement through sell-offs, while the clearing of leverage and continuous accumulation by long-term holders restricts downward movement. As Bitcoin's volatility declines, some short-term traders are beginning to shift their risk appetite towards assets such as AI stocks, tokenized stocks, perpetual contracts, and prediction markets. Research from NYDIG indicates that short-term traders are more inclined to chase volatility, narrative momentum, and potential returns, stating that "traders seeking 5x or 10x returns" can now choose between Bitcoin, Nvidia, gold, perpetual stock contracts, 0DTE options, and sports event contracts. Data shows that the monthly trading volume of traditional asset perpetual contracts on crypto trading platforms has surged from $52 billion in January to $268 billion in June, an increase of over five times in six months. Meanwhile, retail traders in South Korea have noticeably shifted from cryptocurrencies to AI-related stocks, with trading volumes on major South Korean crypto exchanges dropping by about 80% year-on-year. CoinDesk points out that the Bitcoin market currently resembles a "dormant" state, with decreased trading participation, shrinking market depth, and regulatory uncertainty collectively suppressing volatility. If there is substantial progress in U.S. crypto regulation, changes in the macro environment, or the emergence of new market narratives, the current low-volatility pattern may be disrupted, and thinner liquidity could further amplify price fluctuations.

On August 19, market news indicated that Anthropic is seeking lead banks to each provide approximately $1.25 billion in loans, while other major participating banks are expected to contribute around $1 billion each. Additionally, reports suggest that the scale of the credit facility that Anthropic aims to raise before its IPO may exceed the $10 billion target.