According to BlockBeats, on August 24, due to the withdrawal of the original GANA Foundation, Eiden Liu announced that he has withdrawn from the original foundation and will launch a compensation plan in his personal name, taking the initiative to assume the relevant compensation responsibilities, with the goal of striving to achieve 100% compensation.

It is understood that the first phase of the compensation plan is expected to involve approximately 20,000 addresses. Subsequent verification will be based on real on-chain data, and compensation will be paid in batches. The overall compensation period is tentatively set at 2-3 years.

Eiden Liu stated that although the foundation is withdrawing from the public eye, its responsibilities will not be shirked, and it will continue to take concrete actions to fulfill its related responsibilities.

According to BlockBeats, on August 24th, Mehr News Agency of Iran reported that Hassan Kashkawi, spokesman for the Iranian Parliament's National Security and Foreign Policy Committee, announced on Sunday that the committee had adopted Article 3 of the "Strategic Action Plan for Ensuring the Security and Development of the Strait of Hormuz." Hassan Kashkawi stated, "According to this article, we will charge fees for the provision of maritime services, environmental services, fuel supplies in special circumstances, insurance, security, and other services." These fees will be collected from vessels of relevant countries authorized to pass through the Strait of Hormuz, and will be paid in rials or other currencies designated by the Islamic Republic of Iran.

Hassan Kashkawi pointed out that the rights of the littoral states of the Strait of Hormuz must be taken seriously. We should not forget that international laws and regulations, in addition to recognizing freedom of navigation, also emphasize respect for the security and sovereignty of the littoral states and prevent infringement upon these rights.

According to BlockBeats, on August 24th, Federal Reserve Chairman Neshkari downplayed market concerns about rising U.S. Treasury yields, stating that the market is functioning well and the recent surge is unlikely to affect discussions on monetary policy. Kashkari said on Sunday, "All indications suggest that the U.S. Treasury market is functioning normally, trading is proceeding smoothly, and market liquidity is ample, therefore we can use the federal funds rate as the primary policy tool for reducing inflation."

Yields on U.S. Treasury bonds across all maturities rose last week, with the benchmark 10-year Treasury yield closing around 4.73%. The 30-year Treasury yield remained near its highest level since 2007. Kashkari stated that while current Treasury yields are high relative to recent historical levels, yields in the 1990s were much higher. "We need more data, but I don't want to predict the outcome of the next meeting. However, I don't currently believe inflation will fall back to the target level in the short term."

According to BlockBeats, on August 24th, Coinglass data showed that the Coinbase Bitcoin Premium Index returned to positive territory for the first time since May 19th, reaching 0.0052%, ending its longest losing streak of 97 days since August 23rd. While these positive values are still relatively sporadic, they indicate that selling pressure from institutional investors has eased, undoubtedly helping the market continue its upward trend. The next step is for institutions to truly return and generate substantial demand.

The previous record for the longest negative premium was 40 consecutive days from January 16 to February 24 this year, and the second longest was about 30 consecutive days of negative premium during the "1011 crash" last year.

The Coinbase Bitcoin Premium Index measures the price difference between Bitcoin on Coinbase Pro and Binance. A consistently negative index usually indicates that Coinbase's prices are relatively low, reflecting weak buying pressure or significant selling pressure in the US market. However, it's inappropriate to conclude that institutional funds are flowing out of the country based solely on this indicator.