News linked to this event type.
According to reporter Kate Irwin (@kateirwin), GalaChain experienced an anomalous on-chain capital outflow this Tuesday. Approximately 1.99 billion GALA tokens (worth roughly $2.9 million), along with other tokens, were transferred from five major addresses to a newly created wallet, subsequently bridged out and swapped for ETH within approximately one hour. Of these, approximately 1.639 billion GALA (representing roughly 82%) originated from a wallet linked to Gala Games CEO and co-founder Eric Schiermeyer, which simultaneously transferred out other tokens valued at over $500,000. Within hours of the incident, the Gala development team urgently merged a fix commit on GitHub, classifying the event as resulting from a GalaChain EIP-712 unsigned field injection vulnerability. The Gala Ethereum cross-chain bridge has since been halted, with the Solana bridge concurrently deactivated. While officially cited as routine maintenance, users have been unable to access the cross-chain bridge services normally for several consecutive days.
According to on-chain analytics platform Lookonchain (@lookonchain), on-chain address 0x004E attempted to short BTC and ETH eight consecutive times over the past two days, with each attempt resulting in liquidation, accumulating losses of approximately $3.28 million. Previously, this address opened short positions worth roughly $81.6 million, including 20,000 ETH (approx. $45.69 million) and 500 BTC (approx. $35.93 million), with liquidation prices set at $2,327.03 for ETH and $72,755.85 for BTC. All of the aforementioned short positions have now been completely forcibly liquidated.
According to on-chain analyst Ember's monitoring, a whale spent 20 million USDC to purchase 10,501 ETH at a price of $1,904 one month ago and has now fully closed the position. The whale sold 5,250 ETH yesterday and another 5,250 ETH early this morning, at an average price of $2,257, netting 23.7 million USDC in total—a $3.7 million profit in one month.
A senior Iranian official has stated that Tehran is planning to wage an economic war, including attacks on oil bypass export facilities in the Gulf region, with the aim of driving up U.S. gasoline prices and undermining the support rate of Trump's party ahead of the U.S. November midterm elections. According to the official's description, the targets of this plan will include two major alternative routes used by shippers to avoid the Strait of Hormuz: Saudi Arabia's Yanbu oil pipeline and the UAE's Fujairah oil terminal. Together, these two facilities handle approximately 5.5 million barrels of oil per day. If Iran simultaneously cuts off the roughly 5 million barrels per day of oil supply that the U.S.-backed "shadow fleet" currently transports through the Strait of Hormuz, a successful operation would weaken a significant portion of the alternative transport capacity—the very channels that have sustained some Gulf oil exports amid broader blockade conditions. Given that Brent crude prices are already near $93 per barrel under the current tense situation, any credible action targeting Yanbu or Fujairah could be perceived by traders as a shock far larger than previous supply disruptions. (Jinshi)
Odaily News, Citrini analyst jukan stated on X platform that, according to informed sources, SK Hynix is advancing plans to invest trillions of KRW to build a memory chip wafer fab in Miyagi Prefecture in northeastern Japan. If realized, this would mark the first large-scale investment by a Korean semiconductor company establishing a local manufacturing base in Japan. As investment in Japan progresses, the United States is also expected to intensify pressure on Korean companies to expand memory chip production capacity in the U.S., further complicating future investment allocation decisions.According to reports from South Korea's Hankyoreh on the 20th, SK hynix is seeking to build a memory chip wafer fab in Miyagi Prefecture, located in northeastern Honshu, Japan. A business insider said, "As far as I understand, SK Group Chairman Chey Tae-won recently visited the region in person." Miyagi Prefecture, along with Kyushu and Hokkaido, is one of three regions that the Japanese government plans to develop into major semiconductor industry hubs.It is reported that the project's investment scale is expected to reach trillions of KRW. Compared with the hundreds of trillions of KRW invested in domestic semiconductor clusters in Yongin and the Honam region of Korea, the Japan plant will be a relatively smaller-scale production base. The Miyagi fab will serve as an additional overseas manufacturing site, while SK hynix will continue its planned domestic investments in the Yongin and Honam semiconductor clusters as originally scheduled. The plan appears aimed at proactively expanding production capacity amid the ongoing global memory chip shortage.If realized, SK hynix would become the third foreign semiconductor company to operate semiconductor manufacturing facilities in Japan, following U.S.-based Micron and Taiwan's TSMC. Samsung Electronics currently operates only an advanced semiconductor packaging research center in Yokohama.However, the investment also carries risks. The United States has been pressuring the Korean government and Korean companies to invest in memory chip wafer fabs on U.S. soil. If SK hynix moves forward with investment in Japan, Washington may further demand that it expand local production capacity in the U.S. Additionally, SK hynix must navigate domestic political uncertainties in Korea, as well as the social sensitivity surrounding investment in Japan for strategic industries such as semiconductors.
Bitcoin's price has broken below the 200-day moving average, and the breach of this long-term technical indicator has raised market concerns over potential downside risks, with analysts closely monitoring subsequent support levels.
Odaily News: According to Onchain Lens monitoring, a whale transferred 42,500 HYPE accumulated 10 months ago to GSR Markets, and sent another 42,500 HYPE to Cumberland and OKX for sale.
According to Arkham monitoring, trader watershedpath has maintained a long position in HYPE since October 2025. With HYPE's price rebounding, the value of the position has increased from $55 million to $99.7 million.
Odaily News, Coinbase CEO Brian Armstrong said in an interview with CNBC that the crypto market may be on the verge of the next bull run. Armstrong stated: "I think we're probably on the cusp of the next bull market." He noted that the market will soon focus on the progress of the US CLARITY Act vote on September 15, as well as the seasonal effects brought by the Bitcoin halving cycle.He said that, based on historical patterns, in the cycles following Bitcoin halving events, October, November, and December are typically the months when Bitcoin performs best, and the market may usher in a new upward phase.Armstrong has repeatedly emphasized that improved regulatory conditions, institutional capital inflows, and the maturation of crypto infrastructure will be key factors driving the industry's long-term development. His recent remarks also reflect Coinbase's optimistic outlook on the shift in the coming market cycle. (BitcoinMagazine)
According to Odaily, monitoring by Lookonchain shows that a whale has opened short positions on Bitcoin (BTC) and Ethereum (ETH) worth approximately $81.6 million. Data indicates that the address currently holds short positions on approximately 20,000 ETH, valued at around $45.69 million, as well as 500 BTC in short positions, valued at approximately $35.93 million.Currently, the liquidation price for this account's ETH short position is approximately $2,327.03, while the liquidation price for the BTC short position is approximately $72,755.85.
Odaily News Over the past 24 hours, 28 long-dormant Bitcoin wallets collectively transferred 1,314.41 BTC, worth approximately $94.03 million. Among them, a wallet created in 2014 moved 1,214.42 BTC, accounting for 92.4% of the total, valued at around $86 million.Of these, 21 transactions were sent out in batches of 50 BTC each, with funds consolidated from legacy P2PKH wallets into new P2WPKH addresses, and some transactions were completed within the same block. Arkham entity labels currently show no association between these addresses and any exchanges.The 2014 wallet holder's estimated purchase price for Bitcoin ranged from $310 to $427, meaning the related holdings have appreciated by at least 16,645%. Additionally, three wallets from 2016 transferred 79.99 BTC, and two addresses from 2017 moved 20 BTC. (Bitcoin.com News)
Odaily News: According to on-chain detective Specter's monitoring, the victim claimed that due to a Coldcard hack, funds were transferred from Bitcoin to Ethereum. However, on-chain data shows that the 73 BTC ($4.6 million) originally came from the Whirlpool coin mixer two weeks ago, with some of it bridged to Ethereum and subsequently deposited through a phishing Tornado Cash interface. Two coin mixers were used during the fund transfer process. The individual was also found to have appeared in Telegram groups involving private key searches and brute-force attacks. On-chain detective Specter stated that the victim may be a threat actor, and their funds may have been stolen by another threat actor.
Odaily News: According to Lookonchain monitoring, US Bitcoin ETFs saw a net inflow of 6,603 BTC today, with a 7-day net inflow of 11,149 BTC; Ethereum ETFs recorded a net inflow of 78,306 ETH, with a 7-day net inflow of 132,276 ETH.
Odaily News, Cybersecurity firm Malwarebytes has discovered that multiple fake cryptocurrency anti-money laundering (AML) detection websites are impersonating legitimate services such as AMLBot, tricking users into connecting their wallets and authorizing transactions. Legitimate AML checks only require a wallet's public address—there is no need to connect a wallet, approve permissions, or sign transactions.These websites simulate the service process through fake progress prompts and detection results. One of the sites even asks users to deposit a small amount of funds to pay so-called detection fees, after which it displays a "clean, low-risk" result regardless of whether a real check was completed. Connecting a wallet does not directly lead to asset theft, but it does expose the address and asset information, making it easier for scammers to craft transactions for users to approve.Malwarebytes noted that similar scams use the same design and process, only changing the names and logos. Users who have approved suspicious token permissions should revoke those permissions; users who have entered their mnemonic phrases or private keys should treat their wallets as compromised and transfer assets to a new wallet. (Decrypt)
According to monitoring by Auntie AI, the PumpFun fee address deposited 72,252.69 SOL, worth approximately $6.303 million, into Kraken within the past 15 minutes.
According to monitoring by Aunt Ai, on-chain whale buying activity for ETH continues, with three addresses accumulating approximately $16.52 million worth of ETH over the past two hours.
Odaily News: CryptoQuant analyst Darkfost stated that Bitcoin (BTC) is currently attempting to reclaim the "Active Supply Cost Basis" level.Darkfost noted that active supply refers to all BTC that has been transferred at least once within the past 7 years. By excluding long-dormant Bitcoin, a more accurate average cost basis that aligns with the current market structure can be obtained, with its Realized Price standing at approximately $70,400.He stated that the last time Bitcoin successfully reclaimed this level was in early April, before the market fell back below this zone again in early June, with sellers reasserting dominance.Darkfost said that if BTC can sustain its position above the active supply cost basis this time, it could signal the market is forming a longer-term uptrend, rather than the brief breakout that lasted only about two months previously.This metric is commonly used by the market to observe changes in long-term holder costs and Bitcoin market cycle status. Whether BTC can firmly hold near the $70,400 level will become a key indicator for future bullish and bearish forces.
Odaily News, Citrini analyst jukan stated on the X platform that at first glance, SK Hynix's CPO technology roadmap appears to have one axis pointing toward HBM and another toward optical communication. However, the underlying logic is that AI competition is shifting from individual chip performance to data transfer efficiency across the entire system.Over the past few years, HBM has addressed the problem of GPUs being unable to receive data fast enough. By vertically stacking multiple layers of DRAM and placing them next to the GPU, HBM delivers extremely high bandwidth. Yet, as more HBM stacks are placed around each GPU, packaging area, interposer edge space, power supply, and thermal dissipation capabilities are all approaching their limits. Meanwhile, AI clusters have expanded to thousands or even tens of thousands of GPUs. No matter how fast a single GPU computes, the entire system will still be constrained by the "bandwidth wall" if data cannot be efficiently transferred between GPUs and racks.SK Hynix's vision is to extend optical interconnect to memory. Low-latency, high-bandwidth local HBM will remain next to the GPU, while optical fibers connect it to a larger shared memory pool. This approach avoids limiting all memory capacity within a single GPU package and enables horizontal scaling at the rack level.From an investment perspective, this does not mean HBM will be replaced in the near term. What is more likely to emerge is a new memory hierarchy: frequently accessed data remains stored in local HBM, while larger-scale, less frequently accessed data is stored in optically interconnected memory pools, HBF, or SSDs.SK Hynix is repositioning its business, shifting from selling standardized memory chips to co-designing HBM, controllers, advanced packaging, and system-level memory architectures with customers. If this roadmap comes to fruition, SK Hynix could strengthen customer stickiness, increase product added value, and enhance its ability to secure long-term contracts. At the same time, the company may also more proactively address the potential impact of future memory disaggregation on traditional HBM business models.At the supply chain level, areas that may benefit in the long term include silicon photonics chips, optical engines, lasers, fiber coupling technology, and advanced 2.5D and 3D packaging.However, this concept is still in its very early stages and essentially remains just a roadmap. jukan noted that a person involved in TSMC's packaging business whom he interviewed today was completely unaware of this plan.
an Optimism community governance proposal has been passed, reallocating 546.9 million OP tokens originally intended for user airdrops to the "Strategic Ecosystem Fund" managed by the Optimism Foundation, sparking discussions within the community over governance transparency and user rights.The OP tokens involved in this proposal account for approximately 12.7% of the total supply, valued at around $49.7 million at current prices. The Optimism Foundation stated that as the ecosystem strategy shifts toward institutional adoption and enterprise partnerships, large-scale user airdrops no longer fully align with the current development direction, and unused tokens can be deployed for ecosystem incentives, partnership building, and enterprise-level project expansion.The vote ultimately passed with 17.974 million OP in favor and 10.931 million OP against. The pivotal turning point came 16 minutes and 52 seconds before the vote closed, when Test in Prod (delegate.testinprod-io.eth), the core development team of the Optimism ecosystem, cast 8.486 million OP in support, raising the approval ratio from 45.77% to 61.84% and ultimately pushing the proposal through.Excluding Test in Prod's vote, the proposal's support rate would stand at only 46.47%, failing to pass, and the relevant tokens would likely have remained in the user allocation pool. The Optimism Foundation previously committed to disclosing the cumulative usage of the fund and related outcomes through annual budget reports. This vote has also reignited discussions about the influence of "large delegated voting power" in DAO governance and the balance of token holder rights. (CoinDesk)
Odaily News, Garrett Jin, proxy for the "BTC OG Insider Whale," analyzed that Bitcoin's latest breakout above $70,000 was driven by multiple bullish factors, including the U.S. Treasury's expanded bond buybacks, the SEC's proposed crypto asset regulatory framework, and the White House crypto summit. The current price has entered a dense overhead supply zone ranging from the mid-$60,000s to the low $80,000s, with the first resistance layer already showing signs of weakening.Garrett Jin pointed out that the significant accumulation of new cost basis in the mid-$60,000 area over the past two months has provided underlying support for this breakout. While the short-squeeze triggered by short liquidations could temporarily push Bitcoin above $80,000 in the near term, the $80,000 to $82,500 range is a critical resistance zone to watch, and the short-squeeze momentum is unlikely to persist. If the market can effectively absorb supply below $80,000 before a breakout, it would be more conducive to a healthier subsequent trend.On the same day, SK Hynix announced South Korea's largest-ever stock buyback and cancellation plan, committing to return at least 50% of its projected free cash flow through 2027 to shareholders. Its shares surged over 10% at one point, triggering a buy-side circuit breaker on South Korea's KOSPI index. Analysts believe this move could alleviate market concerns over declining risk appetite for Korean semiconductor stocks, but it cannot alter the cyclical trajectory of the memory chip industry itself.