What Is $WATER

On August 21, as Bitcoin surged past $75,000 and currently hovers around $75,500, Strategy's Bitcoin holdings have recovered all unrealized losses, which had previously exceeded $10 billion. The cost basis for Strategy's Bitcoin holdings is $75,385.

On August 21, as Bitcoin surged past $75,000 and currently hovers around $75,500, Strategy's Bitcoin holdings have recovered all unrealized losses, which previously exceeded $10 billion. The cost basis for Strategy's Bitcoin holdings is $75,385.

On August 21, Lighter CEO Vladimir Novakovski stated at the inaugural meeting of the U.S. CFTC Innovation Advisory Committee that DeFi has long been misunderstood and should not be seen as an adversary to regulators. He pointed out that DeFi transactions are verifiably recorded on blockchain ledgers, which can assist regulators in areas such as transparency, consumer protection, and market fairness. Novakovski expressed that decentralized, verifiable finance is expected to become a crucial part of the future financial infrastructure in the U.S., particularly in terms of cybersecurity and operational resilience, and the industry should promote more technology towards open-source and verifiable tech stacks. Furthermore, he mentioned that AI has the potential to drive financial democratization, allowing users to construct a portfolio of trades or investment strategies based on their own judgments about macroeconomics, industries, and other areas, a capability that has traditionally been available mainly to high-net-worth individuals and professional fund managers. Novakovski highlighted that the main risk of AI in finance is consumer protection risk, such as users not understanding the actual functions of AI models or being misled by promotional claims about the models. Therefore, it is necessary to establish corresponding sandbox mechanisms and validate the effectiveness and formal verifiability of models before they are widely applied to consumers.