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August (previously, Fractal) is building web3 infrastructure allowing all on-chain financial assets to interact with and collateralize against each other via a universal margin account – starting with existing crypto assets and expanding to real world assets.
Goldman Sachs: SK Hynix's 40 trillion won buyback is just the beginning, expects another 70 trillion won on the way
According to TechFlow Research, Goldman Sachs pointed out in its August 19 research report that SK Hynix announced after hours a 40 trillion won (approximately 28.3 billion USD) stock buyback and cancellation plan, equivalent to canceling approximately 3.3% of issued shares; the buyback will start on August 20 and be executed within three months. Goldman Sachs maintained its Buy rating and target price of 3.5 million won, representing 133% upside compared to the current 1.5 million won. Goldman Sachs estimates cumulative free cash flow from 2025 to 2027 will be approximately 252 trillion won; based on a shareholder return ratio of approximately 55%, this would ultimately return approximately 140 trillion won to shareholders, and after deducting this 40 trillion won buyback and approximately 30 trillion won in dividends, there is still approximately 70 trillion won of additional buyback capacity. The research report indicates that the company hinted this is not a one-off event, and more follow-up buyback and dividend plans will be announced at the Q3 earnings conference at the end of October. This buyback can cancel approximately 24 million shares, far exceeding the 17.7 million share dilution effect brought by the recent ADR listing. Goldman Sachs raised its expected shareholder return rates for 2026 and 2027 to 3.5% and 8%, respectively, and raised its earnings per share forecasts for 2026 to 2028 by 4%, 10%, and 10%, respectively. The current stock price corresponds to a P/E ratio of approximately 3.8 times for 2026 and approximately 3.0 times for 2027; Goldman Sachs believes the valuation is still at the lower end of the historical range.
Strategy Releases Investor Briefing: 840,000 BTC Establishing a Floor, Digital Credit Strategy Becomes Growth Engine
Odaily News Bitcoin reserve company Strategy released its latest investor briefing, disclosing that as of August 9, the company holds 840,447 bitcoins, accounting for approximately 4% of the total Bitcoin supply. The company stated that its core strategy is not just holding Bitcoin, but also building a "Digital Credit" platform through capital markets to enhance Bitcoin holdings per share.As of August 10, Strategy's stock (MSTR) had a market capitalization of approximately $38.368 billion, corresponding to a 1.06x mNAV (market cap/net Bitcoin value per share). The company noted that MSTR is not a Bitcoin ETF; common shareholders do not directly own the Bitcoin held by the company, but rather are residual interest holders positioned after debt and preferred stock.Strategy stated that the goal of its "Digital Credit" strategy is to issue digital credit products equivalent to 10%-20% of its Bitcoin reserve annually, when market conditions permit, with an expected scale of approximately $5.4 billion to $10.8 billion. The company said that if the long-term yield on Bitcoin exceeds financing costs, this model could increase common shareholders' Bitcoin exposure per share.Strategy emphasized that MSTR, as common stock of a Bitcoin reserve company, has the dual nature of amplifying both returns and risks. The main risks listed by the company include Bitcoin price volatility, changes in financing conditions, mNAV compression, dilution from stock issuance, and debt and preferred stock repayment pressures.To date, Strategy remains one of the public companies holding the largest amount of Bitcoin globally. The company stated that it will continue to increase its long-term Bitcoin holdings and per-share Bitcoin exposure through capital market instruments, digital credit issuance, and proactive asset allocation.
Returns nearly sixfold again: Unitree Robotics angel investor Yin Fangming's Junwan Hongyi stake once reached 12.292 billion yuan, with current paper gains of 9.876 billion yuan; Yin Fangming's personal book return hit 819 times
Odaily News: It is understood that Unitree Robotics angel investor Yin Fangming invested 2 million yuan in August 2016 for a 15% stake in the company, at a post-investment valuation of only 13 million yuan. After subsequent rounds of financing dilution, as of before the IPO, Junwan Hongyi, controlled by Yin Fangming, held 11.1749 million shares, representing approximately 2.76% of the company, making it the tenth-largest shareholder of Unitree Robotics. Based on the issuance market value of 61 billion yuan, the stake was valued at approximately 1.685 billion yuan; currently, Yin Fangming still holds approximately 16.62% of Junwan Hongyi.As Unitree Robotics debuted on the Science and Technology Innovation Board (STAR Market) today and its stock price briefly surged past 1,100 yuan, the market value of Junwan Hongyi's stake once climbed to 12.292 billion yuan. At present, Unitree's stock price is tentatively reported at 884 yuan, with Junwan Hongyi's stake still valued at as much as 9.878 billion yuan, representing paper gains of 9.876 billion yuan, a gain multiple of up to 4,938 times. Compared with the 840-fold return based on issuance market value, the gains have nearly sextupled. The look-through market value corresponding to Yin Fangming's remaining personal interest is approximately 1.638 billion yuan. Counting only this portion of equity and the 1.3106 million yuan in equity transfer income disclosed in 2018, Yin Fangming's book return on his 2 million yuan angel investment has exceeded 819 times.
Morgan Stanley: Internet Sector Valuation Discount 7%-14%, But AI ROIC Debate Unresolved, Buying Consensus Not Yet Formed
According to TechFlow Research, Morgan Stanley's August 18 Internet Weekly Report pointed out that the internet sector overall fell 1% last week, with Amazon and Google leading the decline with drops of 4% and 2% respectively. The current valuations of Amazon, Google, and Meta are 20x, 17x, and 19x 2026 earnings per share respectively, representing a discount of 7% to 14% compared to their respective five-year averages. The internet sector's overall NTM EV/EBITDA is at a 7% discount to the five-year average, but NTM EV/Sales remains at a 19% premium. If stock-based compensation (SBC) is treated as a cash expense, the median EV/EBITDA for the digital media, e-commerce, and travel sectors will increase by approximately 36%, 30%, and 44% respectively. The report judges that the AI ROIC debate remains the core focus of the market. There is not yet a consensus to buy at current low valuation levels, as the market has fundamental disagreements on the return on AI capital expenditure. If AI spending continues to erode profit margins, valuations may compress further; conversely, if market confidence in ROIC recovers, valuations are expected to recover. Morgan Stanley believes the internet sector is likely to remain range-bound until the AI return on investment debate shows a clearer direction.
SEC Proposes "Crypto Asset Regulation," Creating Dedicated Securities Offering Framework for Crypto Market
According to the SEC official website, the U.S. Securities and Exchange Commission formally proposed the new rule "Regulation Crypto Assets" on August 18, 2026, aiming to create a dedicated securities offering framework for investment contracts involving crypto assets. The specific content includes two registration exemptions: first, a single fundraising cap of $5 million within four years; second, a fundraising cap of $75 million every 12 months (requiring financial statements and continuous information disclosure). Additionally, the rules also establish conditional safe harbor provisions, under which crypto assets meeting the conditions will not be deemed securities under "investment contracts". SEC Chairman Paul S. Atkins stated that this move aims to provide compliant financing paths for crypto entrepreneurs, reduce the motivation for projects to operate offshore, and expand participation opportunities for U.S. investors. The proposal will be open for a 60-day public comment period after publication in the Federal Register.
Morgan Stanley: Silver Lake in Talks to Acquire Workday, Software Stock Valuations Cheap Enough for PE to Step In Again
According to TechFlow Research, Morgan Stanley's August 16 research report noted that Reuters reported PE giant Silver Lake is in talks to acquire Workday, driving a collective surge in the software sector last Friday. Workday has a market cap of approximately $50 billion. If acquired at a 30% to 40% premium, the valuation would be approximately 5x 2027 P/S ratio and 16x 2027 free cash flow, both below historical averages. Morgan Stanley believes this indicates software stocks may have become cheap enough to entice PE firms to re-enter the market; if the deal materializes, it will boost sector valuations. The report also noted that while open-source models suppress token prices, hyperscalers can still maintain 20% to 60% ROIC on their proprietary compute. Investor surveys show 52% expect increased divergence within software stocks, with bulls numbering approximately twice that of bears. Morgan Stanley expects Cursor's annualized ARR to reach $8 billion by year-end and $33 billion by 2030, maintaining an Underweight rating on Netcompany. PE returning to acquisitions, cost layering of open-source models, and investor confidence repair—these three signals indicate software sector valuations have been compressed to a critical point.
BitGo's Korean Entity Completes VASP Registration, Becomes First Overseas Crypto Enterprise to Directly Obtain a License
According to Yonhap News Agency, global virtual asset infrastructure company BitGo announced that its Korean entity, BitGo Korea, had its VASP (Virtual Asset Service Provider) registration application accepted by the Korea Financial Intelligence Unit (FIU) on August 18, becoming the first overseas crypto corporate entity to directly complete VASP registration in Korea to date. Established in 2024, BitGo Korea chose to enter the market by directly complying with regulatory requirements this time, rather than adopting the common industry practice of acquiring existing VASP companies. Moving forward, it will officially launch virtual asset custody (Custody) and transfer services in Korea based on this foundation, focusing on expanding business to financial institutions and corporate clients.
Trump White House Crypto Event Urges Advancement of Clarity Act
Trump is expected to attend the White House crypto meeting on August 19, pushing for a final Senate vote on the Digital Asset Market Clarity Act, with the bill's ethical provisions remaining the key sticking point.
Mastermind Behind $165 Million Crypto Ponzi Scheme Extradited from Fiji to U.S.
Odaily News: Edward Zimbardi, a 59-year-old Georgia resident, appeared in U.S. federal court facing 12 counts of wire fraud, 12 counts of money laundering, and one count of conspiracy to commit money laundering. Fiji authorities handed him over to U.S. custody on August 14, in coordination with the Federal Bureau of Investigation (FBI) and the U.S. State Department.Prosecutors allege that Zimbardi operated a project called "The Crypto Program" from June 2022 to August 2023, luring participants with promises of a fixed 25% monthly return on advertising packages, requiring them to transfer cryptocurrency into wallets he secretly controlled. The government claims that thousands of individuals collectively transferred over $165 million into these wallets. Prosecutors stated that Zimbardi did not purchase advertising but instead funneled more than $34 million into high-risk forex trading, using funds from new investors to pay earlier ones. His personal spending totaled at least $10 million, including purchasing property for his son, buying luxury cars, and making alimony payments.The U.S. Department of Justice stated that after the project collapsed in August 2023, Zimbardi left the country and settled in Fiji in July 2025 upon learning of the FBI investigation. The FBI is urging affected investors to come forward with information. (Decrypt)
Nomura Securities: Unitree Robotics Ranks First in Global Shipment Volume, Cost Advantage Builds Moat
According to TechFlow Research, Nomura Securities' initiation report on August 19 indicated that Unitree Robotics is the company with the highest shipment volume of humanoid robots globally, with pure humanoid robot shipments exceeding 5,500 units in 2025, far surpassing peers, and is one of the few embodied AI companies globally to achieve profitability. Nomura issued a Buy rating and a target price of 370 yuan, representing 145% upside potential compared to the current stock price of 151 yuan. The company's core moat is full-stack self-developed hardware, compressing the cost of outsourced components to 14% to 18% of total costs. The gross margin of main operations rose from 44% in 2022 to 60% in 2025, with adjusted net profit reaching 590 million yuan (net profit margin approximately 35%). Nomura predicts revenue from 2026 to 2028 will reach 2.69 billion, 5.4 billion, and 13.18 billion yuan respectively, with year-over-year growth of 58%, 101%, and 144%. The research report judges that Unitree's product iteration speed and full-matrix layout constitute a first-mover advantage, covering the complete tech stack of "Mobility + Manipulation + Interaction" from quadruped robots to humanoid robots. However, the US FCC restricted list poses the biggest policy risk. In July 2026, the FCC will include foreign-produced advanced robot equipment in the restricted list. Unitree's models currently on sale have been authorized to continue sales, but new models will be prohibited from entering the US market. Nomura believes this risk is structural, and compliance paths are almost infeasible. The target price corresponds to 145% upside potential, with catalysts including the implementation of self-developed world models and the volume ramp-up of new products such as R1/H2.
SEC Chairman Pushes for Crypto Exemptions, Aims to Attract Issuers and Investment Back to the US
Odaily News: U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins introduced the "Regulation Crypto Assets" proposal on August 18, covering issuance pathways, disclosure obligations, and safe harbor conditions. Atkins stated that tailored exemptions could attract crypto issuers and investment back to the United States while preserving core investor protections, and expressed support for Congress's push for the CLARITY Act. SEC Commissioner Hester Peirce noted that the proposal was developed through public comment and staff engagement, with feedback from both industry supporters and critics shaping the framework's design. SEC Commissioner Mark Uyeda pointed out that fixed thresholds and disclosure obligations could enhance issuers' compliance expectations; the proposal has not yet taken effect. (Bitcoin.com News)
SEC Proposes "Crypto Asset Regulation," Creating Dedicated Securities Offering Framework for Crypto Market
According to the SEC official website, the U.S. Securities and Exchange Commission formally proposed the new rule "Regulation Crypto Assets" on August 18, 2026, aiming to create a dedicated securities offering framework for investment contracts involving crypto assets. The specific content includes two registration exemptions: first, a single fundraising cap of $5 million within four years; second, a fundraising cap of $75 million every 12 months (requiring financial statements and continuous information disclosure). Additionally, the rules also establish conditional safe harbor provisions, under which crypto assets meeting the conditions will not be deemed securities under "investment contracts". SEC Chairman Paul S. Atkins stated that this move aims to provide compliant financing paths for crypto entrepreneurs, reduce the motivation for projects to operate offshore, and expand participation opportunities for U.S. investors. The proposal will be open for a 60-day public comment period after publication in the Federal Register.
Binance will delist ICX, SCRT, and STORJ on September 3.
According to the official announcement, Binance has decided to stop trading and delist all spot trading pairs for ICON (ICX), Secret (SCRT), and Storj (STORJ) on September 3, 2026, at 03:00 (UTC). Relevant trading bot services will be terminated simultaneously, and contracts will be automatically settled on August 26 at 09:00 (UTC). For deposits and withdrawals, deposits will stop after September 4 at 03:00 (UTC), and withdrawals will end on November 3 at 03:00 (UTC).
Binance to Delist ICX, SCRT, and STORJ on September 3, 2026
Odaily News, According to the official announcement, Binance has decided to cease trading and delist all spot trading pairs for ICON (ICX), Secret (SCRT), and Storj (STORJ) at 03:00 (UTC) on September 3, 2026. The associated trading bot services will also be terminated simultaneously. Futures contracts will be automatically settled at 09:00 (UTC) on August 26. Regarding deposits and withdrawals, deposits will be suspended after 03:00 (UTC) on September 4, while withdrawals will remain open until 03:00 (UTC) on November 3.
Multicoin Capital transferred HYPE to Coinbase Prime twice within 24 hours, totaling approximately $20 million
According to monitoring by on-chain analysis platform Hupzy (Spot On Chain) (@hupzy_agent), Multicoin Capital deposited HYPE tokens to Coinbase Prime twice in succession within 24 hours, totaling approximately $20 million. The first deposit of 172,710 HYPE (approximately $10.15 million) was made on August 19, followed by a second deposit of approximately $9.85 million.
Bitget Will List Aligned (ALIGN) Spot Trading
Bitget will list Aligned (ALIGN) for spot trading. Deposits are now open, and the trading channel will open on August 21 at 3:00 AM (UTC+8).
$51.4 million worth of BTW was withdrawn from Bitget by five addresses, with 150 million tokens not yet transferred or sold
According to on-chain analyst Ai Yi's monitoring, five addresses withdrew $51.4 million worth of BTW from Bitget over the past 9 hours, with the related withdrawals occurring between 1:36 AM and 3:07 AM today. During this period, the price of BTW fell from $0.6727 to $0.3130 starting at 11:40 PM, a drop of 53.4%. Currently, the 150 million BTW withdrawn have not yet been transferred or sold; the price of BTW rose as much as 770% in August.
ARK Invest made significant purchases of Broadcom and Cloudflare yesterday, while reducing holdings in AMD and Roblox.
According to ARK Invest's official trading notification, multiple ETFs under ARK completed a new round of rebalancing on August 19, showing an overall trend of increasing positions in AI computing power and cloud computing while reducing positions in the genomics and gaming sectors. The specific operations are as follows: On the buying side, ARKK, ARKW, and ARKQ synchronously increased holdings in Broadcom (AVGO) across funds. ARKK and ARKW synchronously bought Cerebras Systems (CBRS) and Cloudflare (NET). ARKF also added positions in Cloudflare and tokenized securities platform Securitize (SECZ), while ARKG bought Ionis Pharmaceuticals (IONS) and Perceptive Capital Solutions (FRNM). On the selling side, AMD (Advanced Micro Devices) was synchronously sold by the three funds ARKW, ARKF, and ARKQ. Roblox (RBLX) was significantly reduced by ARKK by 501,466 shares (accounting for 0.32% of the total ETF holdings). 10X Genomics (TXG) was also jointly reduced by ARKK and ARKG by over 200,000 shares. Palantir (PLTR), Illumina (ILMN), Twist Bioscience (T
Rabby Wallet Fixes Silent Signature Extraction Vulnerability, Users Need to Update Plugin Promptly
As disclosed by security researcher V12 (@v12sec), the Rabby Wallet browser extension contains a silent signature extraction vulnerability that allows attackers to extract wallet signatures via malicious websites without user awareness, thereby draining wallet assets. The conditions required to trigger this vulnerability are extremely limited: users must simultaneously meet two conditions—connecting to a malicious website and manually setting the auto-lock timer to 10 minutes. Other timer settings are unaffected, and the mobile app is also unaffected. Rabby Wallet officially stated that a fix update was released on August 11 following the vulnerability's discovery. No actual exploitation cases have been detected so far. Users are advised to confirm as soon as possible that the extension has been updated to the latest version.
BIP-110 Supporters Propose Restarting Minority Chain with BLAKE2b, Replay Attack Concerns Raised
Odaily News: BIP-110 supporters are discussing a hard fork to change the stalled minority chain's mining algorithm from SHA-256d to BLAKE2b. Transaction history before the fork remains shared by both chains. If transaction and signature rules remain consistent, the same transaction could be replayed on the other chain, creating a replay attack.BIP-110's peak miner support was approximately 2.53%. After the consensus rules took effect on August 8, the minority chain produced only two consecutive blocks before stalling, while the Bitcoin main chain continued operating and widening the block height gap. The BIP-110 proposal was subsequently marked as closed, and supporters shifted focus to discussing the BLAKE2b proof-of-work scheme.Bitcoin Knots plans to add a new signature hash option, but RDTS will still maintain compatibility with Bitcoin Core's existing signature hash types. Regular transactions may continue to be valid on both chains. Users will need to use the new option and rely on wallets or hardware signing firmware that support it to achieve asset separation.Luke Dashjr stated on August 18 that Bitcoin should bear the responsibility for replay protection, calling it "Spamcoin." If the BLAKE2b fork proceeds around September 1, exchanges, wallets, and holders will need to distinguish between cross-chain transactions and chain-specific transactions. (Bitcoin.com News)
KITE to Migrate Token Contracts at 1:1 Ratio, Attacker Addresses Excluded
Odaily News: The KITE Foundation has provided an update on the handling of a token security incident. A new KITE ERC-20 contract has been deployed on the Ethereum mainnet, with the total token supply remaining unchanged. Old KITE tokens will be migrated to the new contract at a 1:1 ratio. Addresses confirmed to be controlled by the attacker will be excluded and will not receive new tokens.The migration snapshot is based on Ethereum mainnet block height 25,692,498. Regular self-custody wallet users will receive the new tokens directly without needing to redeem or authorize anything. Exchange users will have their migration coordinated between the exchange and the KITE team. Cross-chain channels will remain paused until migration and verification are complete.Previously, KITE detected abnormal transfers on August 6 and confirmed it had been attacked by hackers. The team stated that this incident did not result in any asset losses for users or the project, and the impact is currently under control.
A bitcoin wallet from 2012, dormant for 14 years, has moved 212 BTC worth $13.72 million
Odaily News: A bitcoin wallet created in 2012 has moved 212 BTC after remaining dormant for 14 years, valued at $13.72 million based on the price at the time of transfer. The wallet address was created on August 10, 2012. These bitcoins were originally worth $2,346, with a per-coin price of $11.07; at the article's quoted price of $64,761, if sold in full, the holder would realize a gain of 584,725%. The wallet owner's identity remains unknown. The 212 BTC has been transferred from a legacy P2PKH wallet to an unlabeled Bech32 wallet, arriving in multiple batches before being consolidated. A Coldcard vulnerability led to the theft of nearly 2,000 BTC, which may have prompted some long-term holders to move their assets, but this address has not been linked to any known entity. (Bitcoin.com News)
Due to sanctions, NoOnes will gradually wind down its operations
Odaily News: Peer-to-peer cryptocurrency trading platform NoOnes announced that it will begin gradually winding down operations after running for over three years. The company stated that it had been continuously seeking to resolve and lift the sanctions imposed on NoOnes, but ultimately failed. The sanctions caused the platform to lose key partners, and blockchain monitoring firms also flagged transactions associated with NoOnes as high-risk, making it increasingly difficult for the platform to continue normal operations. According to the plan, the business contraction began on August 17, and the P2P marketplace will close at 23:59 UTC on August 21. Services such as Swap, NoOnes Visa, fiat withdrawals, the gift card store, and the Bitcoin Lightning Network will also be discontinued progressively. After that, the platform will only support withdrawals, and users will still be able to log in, view balances, and withdraw remaining assets. The company advises users to complete asset withdrawals as soon as possible, no later than August 23. Previously, on January 26, 2025, NoOnes revealed that the platform had suffered a major security breach earlier that month, resulting in losses of approximately $8 million in crypto assets. CEO Ray Youssef confirmed the news after on-chain detective ZachXBT disclosed the hacking incident on his Telegram channel.
Decred Discovers Security Vulnerability, Advises Users to Pause Voting and Mining
The official Decred X account (@decredproject) issued a security notice stating that a security vulnerability was discovered in the Decred (DCR) network. The patch will be released on the morning of August 18, Eastern Time. For security reasons, users are advised to pause voting and mining operations before completing the upgrade. An announcement will be posted on the official X account immediately after the patch is released.
BounceBit Chain temporarily halts block production for repair, chain upgrade scheduled for August 23
Odaily News: BounceBit announced that the team has identified an issue affecting BounceBit Chain and has temporarily paused node operations to deploy fixes. BB trading and exchange deposits/withdrawals are temporarily unavailable. The team emphasized that the issue is limited to the chain itself, and CeDeFi applications, smart contracts, and vaults remain unaffected, with no private key leaks or user wallet compromises. The chain upgrade is scheduled for August 23 at 17:00 UTC+8.
HSBC: Starlink Users Surpass 12 Million as Space Race Boosts Earth-Based Industries in Three Ways
According to Trend Research, an HSBC report released on August 18 spanning 12 industries points out that SpaceX's Starlink has crossed the inflection point for scale. As of June 30, it operates 10,200 satellites in orbit and serves 12 million broadband subscribers across 167 markets. Additionally, 7.4 million monthly active devices connect directly to mobile phones via satellite (Direct to Cell), covering 30 countries. Maersk has installed Starlink on more than 330 container ships, while United Airlines plans to upgrade 15 Boeing 737-800 aircraft per month. Starship aims to reduce launch costs to $100–$300 per kilogram, representing a decline of over 95% compared to historical averages. HSBC assesses that the space race is now benefiting terrestrial industries across three dimensions: From a communications standpoint, Starlink and ground-based telecom operators are predominantly complementary, filling coverage gaps in oceanic, desert, and post-disaster environments. Regarding compute infrastructure, orbital data centers currently cost three times as much as ground-based equivalents, acting mainly as strategic reserves; however, if TeraFab’s vertically integrated wafer fabs succeed, they could revolutionize the division of labor in the semiconductor industry. At the energy level, AI data centers have pushed the annual growth rate of U.S. power demand to 4%-5%, making renewable energy and the electrical grid the largest beneficiaries. Among the 12 industries covered, power, semiconductors, and robotics are being directly transformed.
HTX has listed MRNA and SOFTBANK perpetual contracts
According to an official announcement, HTX launched perpetual contracts for MRNA/USDT and SOFTBANK/USDT on August 20, supporting 1-20x leverage for long and short positions. Meanwhile, from today until August 25 at 15:00 (UTC+8), HTX is hosting a new token perpetual contract trading contest. Users who complete registration, trade the participating contract pairs, and meet the specified thresholds will have the chance to share a total prize pool of 1 billion $HTX tokens.
Bitget Will List Aligned (ALIGN) Spot Trading
Bitget will list Aligned (ALIGN) for spot trading. Deposits are now open, and the trading channel will open on August 21 at 3:00 AM (UTC+8).
UBS: Murata Factory Visit Confirms 20% Production Increase Potential, Profit Margin Expected to Nearly Double
According to TechFlow Research, UBS pointed out in its research report on August 18 that Murata Manufacturing Co., Ltd.'s Fukui Takefu Plant opened to market visits for the first time in about 20 years. This plant is the mother factory for advanced MLCCs (Multilayer Ceramic Capacitors), mainly supplying AI servers and high-end smartphones. Murata's global market share is approximately 35%. UBS confirmed three key pieces of information: technical barriers remain substantial, existing equipment still has about 20% potential for production increase through yield improvement and process optimization, and physical capacity expansion is approaching its limits. UBS maintains a Buy rating on Murata, with a target price of 13,200 yen. UBS believes that against the backdrop of limited new capacity construction and extended lead times for in-house equipment components, tapping into the potential of existing equipment is more certain than adding new production lines. Murata is transferring general-purpose products overseas, while domestic Japan plants focus on advanced products such as high capacitance and small size. The product mix upgrade will drive the operating profit margin to climb from 15.4% in fiscal year 2026 to 37.6% in fiscal year 2029. UBS assesses that the industry structure is expected to improve over the next 6 months, and there is a possibility of an upward revision in earnings guidance around October 31.
Rabby Wallet Fixes Silent Signature Extraction Vulnerability, Users Need to Update Plugin Promptly
As disclosed by security researcher V12 (@v12sec), the Rabby Wallet browser extension contains a silent signature extraction vulnerability that allows attackers to extract wallet signatures via malicious websites without user awareness, thereby draining wallet assets. The conditions required to trigger this vulnerability are extremely limited: users must simultaneously meet two conditions—connecting to a malicious website and manually setting the auto-lock timer to 10 minutes. Other timer settings are unaffected, and the mobile app is also unaffected. Rabby Wallet officially stated that a fix update was released on August 11 following the vulnerability's discovery. No actual exploitation cases have been detected so far. Users are advised to confirm as soon as possible that the extension has been updated to the latest version.
Related news
BounceBit Chain temporarily halts block production for repair, chain upgrade scheduled for August 23
Odaily News: BounceBit announced that the team has identified an issue affecting BounceBit Chain and has temporarily paused node operations to deploy fixes. BB trading and exchange deposits/withdrawals are temporarily unavailable. The team emphasized that the issue is limited to the chain itself, and CeDeFi applications, smart contracts, and vaults remain unaffected, with no private key leaks or user wallet compromises. The chain upgrade is scheduled for August 23 at 17:00 UTC+8.
Yi Lihua: The Bitcoin bear cycle trend may have ended; subsequent focus should be on bull market strategies and AI opportunities.
Yi Lihua stated that he had repeatedly emphasized July and August as the final opportunity to buy the dip. According to BTC's historical downward patterns, the strong rebound that broke through 68,000 after the third decline following the previous rally's conclusion confirms that the cryptocurrency downtrend cycle has ended. Never attempt to time the absolute bottom at a specific price point, nor try to short within the bottom trading range.
Liquid Capital Founder: Crypto Downtrend Cycle Has Ended, Ushering in a New Upward Cycle
Odaily News, Liquid Capital founder Yili Hua stated that he had repeatedly emphasized that July to August was the final window for bottom-fishing. Bitcoin's strong rebound past $68,000 after the third wave of decline signals that the downtrend cycle in the crypto market has come to an end.Yili Hua added that investors should not attempt to perfectly time the exact bottom, nor should they short the market during the bottoming range. Going forward, the focus should be on two key areas: first, maximizing investment returns during the new upward cycle, and second, seizing the opportunities presented by the development of the AI industry.
HSBC: Starlink Users Surpass 12 Million as Space Race Boosts Earth-Based Industries in Three Ways
According to Trend Research, an HSBC report released on August 18 spanning 12 industries points out that SpaceX's Starlink has crossed the inflection point for scale. As of June 30, it operates 10,200 satellites in orbit and serves 12 million broadband subscribers across 167 markets. Additionally, 7.4 million monthly active devices connect directly to mobile phones via satellite (Direct to Cell), covering 30 countries. Maersk has installed Starlink on more than 330 container ships, while United Airlines plans to upgrade 15 Boeing 737-800 aircraft per month. Starship aims to reduce launch costs to $100–$300 per kilogram, representing a decline of over 95% compared to historical averages. HSBC assesses that the space race is now benefiting terrestrial industries across three dimensions: From a communications standpoint, Starlink and ground-based telecom operators are predominantly complementary, filling coverage gaps in oceanic, desert, and post-disaster environments. Regarding compute infrastructure, orbital data centers currently cost three times as much as ground-based equivalents, acting mainly as strategic reserves; however, if TeraFab’s vertically integrated wafer fabs succeed, they could revolutionize the division of labor in the semiconductor industry. At the energy level, AI data centers have pushed the annual growth rate of U.S. power demand to 4%-5%, making renewable energy and the electrical grid the largest beneficiaries. Among the 12 industries covered, power, semiconductors, and robotics are being directly transformed.
HTX has listed MRNA and SOFTBANK perpetual contracts
According to an official announcement, HTX launched perpetual contracts for MRNA/USDT and SOFTBANK/USDT on August 20, supporting 1-20x leverage for long and short positions. Meanwhile, from today until August 25 at 15:00 (UTC+8), HTX is hosting a new token perpetual contract trading contest. Users who complete registration, trade the participating contract pairs, and meet the specified thresholds will have the chance to share a total prize pool of 1 billion $HTX tokens.
Win one small game to make the playoffs—predict.fun currently reports a 47% probability for "DK defeats HLE in LCK Third Split"
Monitoring shows that in predict.fun's prediction event for "DK vs. HLE in LCK Third Split," the probability of DK defeating HLE is currently reported at 47%.At 4 PM today, LCK Third Split will see DK face off against HLE in a BO3 format. This marks the second meeting between the two teams in the Third Split; in the first match on July 30, DK defeated HLE 2:1.In recent games, HLE, after a rough start, secured their first win of the Third Split by beating T1 2:1 on August 8, followed by a 2:1 victory over KT on August 15. DK, meanwhile, defeated KT 2:1 on August 9 and then triumphed over T1 2:1 at T1's home ground.Additionally, DK currently leads KT by one full match win and has also played one more game. Therefore, in their remaining two BO3 matches, DK only needs to win any single game to ensure KT cannot overtake them in the standings, thereby locking in a playoff berth.