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Meanwhile is a life insurer with premiums and claims in cryptocurrency, creating core financial products denominated in Bitcoin (BTC). Meanwhile’s artificial intelligence (AI)-powered systems allow users to easily apply for their BTC life insurance policies, a tax-advantaged way to make a portion of policyholders’ Bitcoin active.
Gate Stock Market Development Lead: Crypto and Stocks Are Accelerating Convergence, Ushering in a Multi-Asset Investment Wave
Odaily News In a recent interview on Cointelegraph's program Chain Reaction, Lucas Sum, Head of Stock Market Development at Gate, stated that crypto and stocks are quietly converging and increasingly becoming part of the same macro trade. He pointed out that the correlation between the crypto market and the Nasdaq index is currently higher than the five-year average, with the correlation coefficient once exceeding 0.8. Market sentiment is generally cautious at present, with more funds staying in low-risk assets such as stablecoins, as investors await clearer catalysts.Lucas Sum believes that the core narrative of the next market cycle may no longer be "crypto vs. Wall Street," but rather traditional financial assets accelerating their entry into the digital financial system through on-chain infrastructure. The scale of RWA has grown from approximately $12 billion a year ago to over $30 billion, while the scale of tokenized U.S. Treasury bonds has also reached approximately $15 billion, indicating that on-chain financial infrastructure continues to expand. Meanwhile, macro liquidity, real yields, and regulatory clarity remain key factors influencing the performance of risk assets. Against this backdrop, investors' focus is shifting from single-asset allocation to coordinated allocation across multiple asset classes. Lucas Sum noted that Gate is continuously expanding its stock business, currently covering U.S., Hong Kong, and Korean stock markets, with plans to extend further into more global markets to provide the necessary infrastructure for multi-asset investment.
CoreWeave and Nebius Earnings Reveal AI Cloud Computing Trends: Supply Shortage Persists, CSPs Move Toward "AI Infrastructure Operating Systems"
Odaily News - Analyst qinbafrank posted on X platform, stating that the latest earnings reports from CoreWeave (CRWV) and Nebius show the AI cloud computing (CSP) industry is entering a phase of rapid expansion. The competitive focus is shifting from simply providing GPU leasing to building AI infrastructure platforms that encompass computing power, software, data, and operational capabilities.Currently, AI computing demand still significantly exceeds short-term deliverable supply. Meanwhile, pricing power for AI computing is strengthening, but price increases are mainly concentrated on high-value resources. CoreWeave stated that prices for various GPU computing SKUs rose by approximately 25% on average in July; Nebius disclosed that prices for previous-generation GPUs increased by over 30% compared to Q1, with new contracts signed in Q2 averaging over $20 million in annualized revenue per MW, some projects reaching $20 million to $25 million, and short-term emergency capacity prices even reaching $40 million to $50 million per MW.However, price increases are mainly occurring in short-term capacity, next-generation GPUs, large-scale clusters, and production-grade AI inference scenarios. Traditional low-priority, long-term locked-in bare computing power has not seen concurrent price increases. From a profitability model perspective, project-level returns on AI computing are becoming clearer, but overall corporate return on invested capital (ROIC) still needs time to be validated. Nebius has for the first time disclosed relatively clear project payback periods, while CoreWeave is reducing GPU investment pressure through long-term contracts and asset-level financing. However, both companies remain in a high-capital-expenditure phase, with depreciation and financing costs continuing to compress profit margins.Nevertheless, an increasing number of individual projects are achieving closed-loop economic models, indicating that the AI infrastructure business model is gradually maturing. Additionally, both CoreWeave and Nebius are upgrading toward becoming "AI infrastructure operating systems." Future CSP competition will no longer be just about renting out GPU hours but will cover complete service systems including AI training, inference, storage, networking, model deployment, monitoring, security governance, and Agent runtime environments.In terms of capital models, the two companies are also taking different paths: Nebius leans more toward an asset-light model, building AI data centers through capital partners while providing AI infrastructure operations and software capabilities itself; CoreWeave, on the other hand, is promoting a hybrid cloud model through its Omni strategy, deploying complete AI cloud platforms to customers' own data centers and GPU resources, placing greater emphasis on enterprise-level and sovereign AI delivery.Overall, the AI cloud computing industry is evolving from "GPU rental providers" to "AI infrastructure platforms." Short-
Bitget Launches $300 Million "Archimedes Program" to Provide Dedicated Funding Support for Quantitative and Asset Management Institutions
Bitget announces the launch of the "Archimedes Plan (Project Archimedes)", establishing a dedicated fund with a total size of $300 million to provide capital support to quantitative trading firms, asset management institutions, and market makers. The plan comprises two sub-projects: a $100 million "Funding Support Plan" focusing on supporting emerging and growth-stage quantitative institutions adopting market-neutral strategies; and a $200 million "Interest-Free Loan Plan" targeted at institutions with mature strategies and certain trading volumes, where those meeting corresponding trading volume or position standards can obtain interest-free funds to reduce financing costs and expand strategy scale. Bitget CEO Gracy Chen stated that as institutional trading competition intensifies, capital, execution efficiency, and risk control are becoming key factors determining whether strategies can achieve scalability. Project Archimedes aims to help teams with mature capabilities expand strategy scale through capital support, and is expected to support over 50 projects within the next six months. Meanwhile, leveraging the Bitget Unified Account (UTA), institutions can use rToken spot positions as derivatives margin, maintaining tokenized stock exposure and contract strategies simultaneously without cross-account transfers, thereby further improving capital efficiency. Project Archimedes will adopt a long-term cooperation framework, implementing rolling access and phased deployment, and will subsequently disclose progress regularly, including the number of participating institutions, fund deployment scale, and strategy distribution.
Polymarket restructures team and brings in multiple executives, accelerating compliance and U.S. expansion ahead of the fall prediction market surge
Odaily News: Prediction market platform Polymarket is undergoing an organizational upgrade in preparation for the upcoming fall trading peak, bringing in several new executives, restructuring its marketing system, and strengthening its compliance team in preparation for U.S. market expansion. Polymarket recently hired Travis VanderZanden, founder of shared e-scooter company Bird and former Uber and Lyft executive, as Chief Growth Officer, responsible for the company's growth strategy and marketing system development. VanderZanden stated that the prediction market is at a critical stage of rapid development, and the company needs to further improve its management team to support long-term growth.This adjustment comes as Polymarket faces regulatory scrutiny. Previously, the U.S. Commodity Futures Trading Commission (CFTC) had launched an investigation into its business model, related to the platform's marketing activities and promotional partnership policies. Sources say Polymarket has restructured its marketing department, updated rules for promotional partners, and provided relevant training to employees, while also hiring consulting firm AlixPartners to oversee whether content published by partners complies with the new standards.Meanwhile, Polymarket continues to strengthen its compliance and risk management capabilities for its U.S. operations. The company's U.S. trading platform has added several new executives in regulatory and risk roles, including former Robinhood executive Megan McGrath as Chief Compliance Officer for the U.S. platform, former Coinbase executive Natalie Oblazny overseeing U.S. regulatory affairs, former FBI and Coinbase employee Shana Bautista as Head of Global Investigations and Intelligence, and former Nasdaq executive Paul Jordan as Chief Risk Officer for the U.S. platform.Polymarket's U.S. trading platform went live in May this year and operates independently from its international business. With the NFL new season kicking off in September and the U.S. midterm elections approaching in November, the market expects a new wave of growth in prediction market trading activity.Previously, Polymarket had already become one of the representative platforms in the prediction market space and continues to seek expanded fundraising. According to reports, the company is currently seeking a new funding round at a valuation exceeding $20 billion. As institutional investors and professional traders gradually enter the prediction market, Polymarket is attempting to transform from a retail-facing, betting-style prediction platform into a more mature financial market infrastructure. (CNBC)
River Markets Completes $8.5M Seed Round Led by Haun Ventures
Odaily News – River Markets, a startup building trading infrastructure for prediction markets, has announced the completion of an $8.5 million seed funding round, led by Haun Ventures with participation from Y Combinator, Coinbase Ventures, and Qube Research Technologies, among others. The new capital will primarily be used to expand the engineering team, enhance trading system speed and security, and grow institutional clientele, while also developing new tools to support large-scale capital management and cross-platform trading.In recent years, prediction markets have drawn attention from institutional investors. Data from industry platforms shows that institutional trading demand is growing rapidly. For example, prediction market platform Kalshi previously stated that its institutional trading volume increased by approximately 800% within six months. Meanwhile, market participants have begun using prediction markets for risk hedging, including building trading positions around real-world economic variables such as carbon emission allowances and GPU rental prices. (Fortune)
Korean stock market's semiconductor main line takes a pause, sparking sector rotation as non-semiconductor industries undergo value revaluation
Odaily News: Data released today by the Korea Exchange shows that heavyweight semiconductor stocks have recently pulled back, with capital beginning to rotate toward non-semiconductor sectors. From August 3 to 7, Samsung Electronics fell 12.00%, SK Hynix dropped 17.23%, and the KOSPI index declined 5.10% over the same period; however, sectors such as metals and machinery equipment rose against the trend.Currently, the combined market capitalization of Samsung Electronics and SK Hynix as a share of the KOSPI has fallen from 58.9% on June 25 to 46.3% on August 7. Meanwhile, the KOSPI's net profit forecast for this year, excluding these two companies, has been revised upward from 219.2 trillion KRW last week to 222.3 trillion KRW, with improving market earnings further supporting the valuation recovery of non-semiconductor sectors. KB Securities researcher Kim Min-kyu stated that the current "semiconductor pause, other sectors rising" pattern is closer to previously overlooked industries being revalued while the leading sector takes a breather, rather than a simple broad-based expansion of the market rally. (FNNews)
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Federal Reserve Rate Decision Preview: Inflation Concerns and Policy Divergence Take Center Stage
Odaily News Tim Duy, Chief US Economist at SGH Macro Advisors, said that the recent appearance of multiple Fed officials casting dissenting votes on rate decisions has become more common over the past few years. Especially during periods when the economy faces multiple pressures and the policy path is unclear, strong disagreements among officials are likely, leading to more dissenting votes.Regarding the upcoming release of the Fed's meeting minutes, Duy believes the market's core focus will be on how widespread officials' concerns about inflation truly are. He noted that at the time, inflation was clearly running above the Fed's target, and policymakers worried that inflation would not quickly return to target levels. Meanwhile, the labor market was seen as having stabilized, which led some officials to strongly believe the Fed should raise rates to curb inflationary pressures. As a result, the market will closely watch how many Fed officials share this assessment, and whether concerns about inflation have formed a broader consensus within the decision-making ranks. The degree of divergence among officials over the policy path will also serve as an important clue for judging the future direction of interest rates.
Ansem: Institutional Funds Turn Bullish, Crypto Market May Have Conditions for a Bottom Formation
According to Odaily, renowned crypto KOL Ansem stated that institutional funds are turning bullish on the market. For example, billionaire Stanley Druckenmiller has bought HYPE, Robinhood has launched its own L2, and hedge fund giant Paul Tudor Jones has increased his Bitcoin holdings. Meanwhile, the crypto regulatory environment has improved significantly, but crypto-native investors remain broadly extremely pessimistic. Ansem believes that the coexistence of institutional bullishness, regulatory improvement, and extreme pessimism within the market constitutes the typical conditions for a market bottom formation.
Gate Stock Market Development Lead: Crypto and Stocks Are Accelerating Convergence, Ushering in a Multi-Asset Investment Wave
Odaily News In a recent interview on Cointelegraph's program Chain Reaction, Lucas Sum, Head of Stock Market Development at Gate, stated that crypto and stocks are quietly converging and increasingly becoming part of the same macro trade. He pointed out that the correlation between the crypto market and the Nasdaq index is currently higher than the five-year average, with the correlation coefficient once exceeding 0.8. Market sentiment is generally cautious at present, with more funds staying in low-risk assets such as stablecoins, as investors await clearer catalysts.Lucas Sum believes that the core narrative of the next market cycle may no longer be "crypto vs. Wall Street," but rather traditional financial assets accelerating their entry into the digital financial system through on-chain infrastructure. The scale of RWA has grown from approximately $12 billion a year ago to over $30 billion, while the scale of tokenized U.S. Treasury bonds has also reached approximately $15 billion, indicating that on-chain financial infrastructure continues to expand. Meanwhile, macro liquidity, real yields, and regulatory clarity remain key factors influencing the performance of risk assets. Against this backdrop, investors' focus is shifting from single-asset allocation to coordinated allocation across multiple asset classes. Lucas Sum noted that Gate is continuously expanding its stock business, currently covering U.S., Hong Kong, and Korean stock markets, with plans to extend further into more global markets to provide the necessary infrastructure for multi-asset investment.
Gate Founder and CEO Dr. Han Featured in The Economist Interview: Gate Accelerates Construction of Multi-Asset Financial Infrastructure
Odaily News – According to the latest report by The Economist Enterprise, after 13 years of development and multiple strategic upgrades, Gate is gradually evolving from a traditional crypto asset trading platform into a comprehensive financial infrastructure connecting digital assets with traditional financial markets. The report notes that as more traditional financial products — including stocks, ETFs, tokenized assets, forex, and metals — enter the digital asset ecosystem, Gate is leveraging its multi-asset product layout and global infrastructure development to further bridge the gap between crypto finance and TradFi. In the interview, Gate Founder and CEO Dr. Han stated that as the industry evolves, digital asset platforms are no longer facing only technical challenges, but also risk management, user protection, and industry regulation.In terms of TradFi integration, Gate has established a multi-layered framework spanning tokenized assets, derivatives, and native stock trading, successively launching products and services such as xStocks, Ondo, Gate TradFi, Pre-IPOs, Direct IPO Access, and Gate Stocks. Among these, Gate Stocks now supports stock trading in the U.S., Hong Kong, and South Korea, significantly lowering the barrier for global users to participate in traditional financial markets. Meanwhile, Gate continues to enhance its 24/7 trading and liquidity infrastructure to meet the cross-market asset allocation needs of users worldwide.The Economist Enterprise also pointed out that as the digital asset market moves further toward institutionalization, compliance, transparency, and infrastructure capabilities are becoming key components of platform competitiveness. Gate continues to advance its compliance framework across multiple global jurisdictions and has provided third-party audits and open-source Proof of Reserves since 2020. In addition, Gate is introducing AI infrastructure into Web3, connecting AI with trading, wallets, and more services through products such as Gate AI, Gate MCP, and GateClaw, driving the platform's evolution from a traditional trading venue into a comprehensive financial infrastructure that connects digital assets, traditional finance, and AI applications.
Bank of Korea: 94% of Youth Unemployment in Past 4 Years Stemmed from AI High-Exposure Industries
According to the "BOK Issue Note" report released by the High Employment Research Team of the Bank of Korea Survey Bureau on the 18th, between June 2022 and June 2026, jobs for Korean youth (aged 15-29) decreased by a total of 285,000, of which 268,000 (94%) were concentrated in AI high-exposure industries, involving fields such as information services, publishing, computer programming, and professional services. Meanwhile, employment for the group aged 50 and above increased by 230,000, with 75.2% also coming from AI high-exposure industries. The report pointed out that after the release of ChatGPT, the average unemployment rate for university graduates rose to 7.0%, higher than the 5.4% for youth with associate degrees or below, whereas previously there was almost no difference between the two. The report suggested that policies should focus on building new career ladders to help youth accumulate experience and skills with AI assistance, rather than simply retaining entry-level positions.
SK Hynix's Optical Interconnect Memory Roadmap: Connecting Larger Shared Memory Pools via Localized HBM
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.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Data: Solana Stablecoin Active Addresses Exceed 1.7 Million, On-Chain Stablecoin Scale Reaches $16.3 Billion
Odaily News: CryptoQuant analyst Darkfost posted on X platform, stating that Solana ecosystem data shows the total scale of stablecoins on the Solana chain has reached $16.3 billion. Among them, USDC accounts for approximately $6.8 billion, representing 42.8%; USDT accounts for approximately $2.9 billion, representing 18.2%; USDG accounts for approximately $1.2 billion, representing 7.4%.Meanwhile, the number of active stablecoin addresses on Solana has reached 1.7 million, setting a new historical record, indicating that the demand for stablecoins on the network continues to grow.
Analyst: US-made semiconductors will command a premium, Korean memory makers need to accelerate US fab construction
Citrini analyst Jukan stated on X platform that in the future, "Made in USA" semiconductor products may gain market premiums due to supply chain stability advantages. Korean memory chip companies need to respond to this trend by building wafer fabs in the US. Currently, US-made optical module products have already begun to reflect premiums. For example, optical communications company AAOI has stated that optical modules produced in the US can command higher prices. Meanwhile, US hyperscalers are also willing to pay additional premiums for US-made Micron DRAM.Jukan believes that the price advantage of US-made chips does not come solely from the products themselves, but reflects the value of supply chain stability and supply assurance. Against the backdrop of ongoing adjustments in the global semiconductor supply chain, companies and customers are increasingly valuing localized production capacity to reduce geopolitical and supply disruption risks.Regarding Korean memory manufacturers, Korean companies need to actively advance the construction of US-based production capacity, a trend that has already begun to emerge. For example, SK Group Chairman Chey Tae-won has previously discussed plans to build a memory chip front-end wafer fab in the US on multiple occasions.As AI infrastructure construction drives growth in memory demand, and regionalization trends in the global supply chain continue, US-made semiconductors may form a new pricing system. Chip companies with US-based production capacity will gain additional advantages in future market competition.
Exchange Stablecoin Reserves Shrink 20%, Binance Share Rises Against the Trend to 68.5%
According to BeInCrypto, CryptoQuant data shows that centralized exchange stablecoin reserves fell from a high of about $80 billion at the end of 2025 to about $64 billion, shrinking by about $16 billion (about 20%). Among them, Binance showed relative resilience, with its stablecoin share rising from just over 60% to 68.5%, while platforms such as Coinbase, Bybit, and OKX saw more significant reductions. Meanwhile, on-chain analysis platform Santiment detected that pessimistic sentiments such as "crypto is dead" on X and Reddit continued to intensify, with the Crypto Fear & Greed Index currently at 46, still in the fear zone. The total stablecoin supply also fell from a high of nearly $316 billion in May to $300.89 billion, but the decline was far lower than on the exchange side, indicating that some liquidity may have shifted on-chain rather than exiting completely.
Bank of Italy Research: Stablecoin Cross-Border Remittance Costs Not Lower Than Traditional Channels
According to BeInCrypto, a field research report recently released by the Bank of Italy shows that stablecoins do not possess a systemic cost advantage in cross-border remittances. Researchers tested USDC transfers of $200 through 10 actual remittance corridors, covering routes between Italy and Argentina, Brazil, South Africa, the UAE, and Japan, with total fees ranging from 0.3% to nearly 9%, showing a significant disparity. The study found that on-chain transfers themselves accounted for an average of only 0.4% of the total cost; what truly drove up fees were steps still reliant on banks and exchanges, such as funding, currency conversion, and withdrawal. Taking the UAE-to-Italy corridor as an example, where bank transfers were unavailable and credit card funding was forced, fees alone reached as high as 3.8%. Meanwhile, transfer speeds also differed significantly due to variations in destination payment infrastructure. Instant payment systems like Brazil's Pix could complete settlement within 20 minutes, while South Africa required 1 to 2 business days, no different from traditional bank wire transfers. The report pointed out that stablecoins currently still heavily rely on the banking system they attempt to replace, and the narrative that "stablecoins are quietly replacing traditional payment rails" remains unsubstantiated.
Galaxy Research Head: Coldcard Incident Shakes Bitcoin Community, Signaling a Turning Point in Security Philosophy
Odaily News, Galaxy Research Head Alex Thorn stated on the X platform that attacks exploiting the Coldcard hardware wallet vulnerability have noticeably declined, but cumulative losses continue to rise as more victims come forward. The impact of this incident on the Bitcoin community is significant, as the victims are primarily long-term BTC holders who adhered to self-custody cold storage principles, rather than those who lost assets due to high-risk trading or DeFi activities.At a scale of $112 million, this incident ranks among the top 20 largest hacks in crypto history and is one of the most severe security breaches in the hardware wallet self-custody sector to date. Bitcoin culture may be entering a new phase—the era of relying solely on ideological advocacy and extreme self-custody promotion is coming to an end. The community needs to place greater emphasis on technical security, lower the barrier to entry for users, and avoid simply shifting the burden of security responsibility onto ordinary users. This crisis may ultimately drive the Bitcoin ecosystem to establish a more mature security framework.Galaxy Research has directly contacted 190 victims and has confirmed with high confidence that the exploit has led to the theft of 1,778.84 BTC (approximately $112.7 million) from over 8,600 addresses. This tally does not yet include certain moderately credible suspicious attack records, such as the unconfirmed "Wave 4." If these potential attack scopes are incorporated, total losses could expand to 2,417.35 BTC (approximately $153 million).Meanwhile, the incident is reshaping market perceptions of self-custody security. Galaxy noted that multisig wallets have emerged as the "winners" of this event, with no stolen transactions traced to multisig wallets so far. Multisig service providers including Casa, Unchained, Nunchuk, and Anchorwatch have all observed a notable increase in user registrations and BTC inflows.
An address poisoning attack caused a user to lose $100,000 in USDT, which the attacker has since converted into ETH
Odaily讯 According to Cyvers Alert monitoring, an Address Poisoning attack incident has been detected, resulting in the victim losing approximately $100,000 in USDT. The attacker carried out the "address poisoning" against the victim's wallet about 66 days ago by sending a transaction to create a malicious address record resembling an address the victim normally interacts with. Today, the victim failed to verify the full wallet address and mistakenly transferred funds to the attacker's address.Following the incident, in order to avoid potential freezing risks, the attacker has converted the stolen USDT into ETH, and the wallet currently holds approximately 52.8 ETH.Cyvers reminds users to always fully verify wallet addresses when making on-chain transfers, and to avoid relying solely on address records from transaction history. Meanwhile, security agencies recommend adopting AI-based on-chain security tools for real-time detection of abnormal transaction behavior, in order to reduce risks such as address poisoning and phishing attacks. Address poisoning attacks have become one of the common fraud methods in the crypto asset space in recent years. Attackers typically exploit users' habit of copying addresses from historical transactions by forging similar-looking addresses to trick users into transferring assets mistakenly.
BTCPay Server Hit by Critical Vulnerability Exploit, Supporters Launch Up to 3 BTC Bounty to Recover Stolen Funds
According to The Block, open-source Bitcoin payment processor BTCPay Server disclosed a critical security vulnerability being actively exploited last Friday and urgently requested users to upgrade to version 2.4.2. The vulnerability affects all versions prior to 2.4.2; attackers can use it to steal administrator macaroon authentication credentials of LND nodes, thereby fully controlling the connected Lightning Network wallets. Users such as Foundation and Citadel21 have confirmed that their Lightning node funds were drained, but BTCPay has not publicly disclosed the total amount stolen or the number of affected nodes. Currently, the official release version 2.4.2 has fixed this vulnerability, and on-chain hot wallets are not affected. The BTCPay Server Foundation has donated 0.21 BTC each to security researcher Craig Raw and Bitcoin Red Team to commend their responsible private disclosure of the vulnerability. Meanwhile, BTCPay supporters have promised to provide a bounty incentive of "10% of recovered funds," capped at 3 BTC.
The S&P 500 added $2.1 trillion in market cap in a single month, approximately equal to the total market cap of the entire crypto market.
According to CoinDesk, the S&P 500 index has risen 3.12% this month, adding approximately $2.1 trillion in market value (equivalent to the total market cap of the entire crypto market), reaching a record high total market cap of $70.5 trillion, but Bitcoin has only risen about 2% this month, hovering near $64,600. Analysts point out that this round of stock market rise is mainly driven by AI and semiconductor individual stock narratives, rather than a broad-based recovery in risk appetite at the macro level, and Bitcoin lacks direct beneficial exposure to this. Meanwhile, the crypto market also faces multiple internal pressures: the Coldcard platform suffered a $120 million exploit, the prospects of the "Clarity Act" remain uncertain, MicroStrategy has reduced its BTC holdings for three consecutive months, and stablecoin supply continues to shrink—USDT's market cap dropped from $190 billion in April to $183 billion, and USDC's dropped from $79.5 billion to $72 billion.
The maximum 1,159 BTC stolen assets remain frozen, and the COLDCARD attacker has begun cleaning smaller-scale funds
Odaily News: According to Bitcoin News monitoring, Galaxy Research stated that the largest known COLDCARD theft incident involves 1,159 BTC, distributed across seven attacker addresses, which remain untouched to date, with 0 BTC cashed out or transferred through mixers. The relevant BTC was stolen within 41 minutes, but approximately 600 attacker addresses have been flagged by law enforcement agencies, exchanges, and blockchain analysis firms. Meanwhile, a smaller-scale attacker appears to have begun cleaning funds. On-chain analysts have tracked 64 BTC entering mixers, of which only about 10 BTC initially completed mixing, 54 BTC returned as change, and were subsequently split into outputs of approximately 7 BTC each for further mixing. Analysts noted that these unusually large outputs remain easy to trace, making this cleaning attempt relatively transparent.
One week after the NVIDIA-led AI Safety Alliance OSAA was established, it has already gathered over 120 companies.
According to TechCrunch, the Open Safety AI Alliance (OSAA), led by Nvidia, has exceeded 120 member companies just one week after its establishment, including tech and financial giants such as Adobe, BlackRock, Cisco, Intel, Microsoft, and Visa. During the Black Hat Cybersecurity Conference held in Las Vegas this week, the alliance established a working group named "Shared AI Findings Exchange" (SAFE) and has submitted multiple proposals open for public comment, managed by the Linux Foundation. The proposals cover confidential reporting mechanisms for AI cybersecurity incidents, alert processes for affected parties, and no-fault attribution analysis frameworks. Meanwhile, member companies are also actively contributing open-source technologies: Nvidia open-sourced the LLM vulnerability scanning tool Garak, Amazon contributed the agent building tool Strands Agents and authorization language Cedar, and Okta and Red Hat are advancing agent identity authentication and governance technologies respectively. Notably, Anthropic, OpenAI, and Google have not yet joined the alliance, although OpenAI and Google previously co-signed the open letter that spurred the creation of the alliance.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
DeAgentAI's new official website is now live, with the AI Agent hosting platform and its first application Sentry launched simultaneously
Odaily News, according to official sources, decentralized AI infrastructure DeAgentAI has announced the official launch of its new website.The AI Agent hosting platform, launched alongside the new website, is dedicated to providing long-term underlying support for the construction, deployment, and persistent hosting of intelligent agents. As the first flagship application deployed on this platform, Sentry has been released simultaneously, enabling round-the-clock persistent strategy monitoring with full coverage of all 308 assets on Hyperliquid (including crypto assets, stocks, and commodities). Leveraging the underlying trusted infrastructure, it transforms market insights into objective, emotion-free automated strategy execution.DeAgentAI stated that Sentry is only the first step in the platform's deployment, with more AI Agents for vertical scenarios to be continuously built and hosted on this platform in the future.Meanwhile, with the full deployment of the AI Agent platform, Sentry, and enterprise solutions, DeAgentAI has officially initiated a programmatic regular buyback and burn mechanism for $AIA based on real protocol revenue, driving token deflation and value capture through actual business growth, while continuously reinforcing the long-term value of $AIA.
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.
Nasdaq-listed company AIxCrypto reports 50% unrealized loss on crypto holdings, announces orderly exit and transition to event robot rental
According to CryptoSlate, Nasdaq-listed company AIxCrypto Holdings announced plans to orderly sell all its crypto assets. As of June 30, the company held 46 BTC, 616 ETH, 6,659 SOL, 1,308 BNB, and small amounts of ADA, LINK, TRX, USDT, and XRP, with a total cost basis of $10.43 million, fair value of only $5.21 million, an unrealized loss of approximately $5.22 million, representing a drop of about 50% from cost. Meanwhile, the company's operating cash consumption in the first half of the year reached $7.94 million, with accumulated losses as high as $150.3 million, raising doubts about its ability to continue as a going concern. The company is shifting its business focus to its RoboShare robot rental platform and completed its first commercial order on August 15, deploying 6 robots at a Malibu event, but specific revenue and subsequent demand have not yet been disclosed.
Huobi HTX has launched KR200, SKUU, SKDD perpetual contracts
According to the official announcement, Huobi HTX listed KR200/USDT, SKUU/USDT, and SKDD/USDT perpetual contracts on August 19, supporting 1-20x long and short positions. Meanwhile, from now until August 25, 15:00 (UTC+8), Huobi HTX is launching a new coin perpetual contract trading competition. Users who complete registration, participate in contract trading of the event coins, and reach specified thresholds will have the opportunity to share a total prize pool of 1 billion $HTX tokens.
From one person to one system: X-Agent redefines the business model for OPCs
Odaily News, X-Agent recently published a technical article titled "An OPC Is a Stack, Not a Headcount Story," arguing that as AI significantly reduces R&D and operational costs, the competitiveness of a One Person Company (OPC) should no longer be measured by how much work a single person can complete.The article points out that an OPC with true commercial capability needs to establish a complete closed loop spanning demand discovery, AI production, capability infrastructure, distribution, economic systems, and market feedback.And this is precisely the problem X-Agent aims to solve.At the capability layer, X-Agent leverages MCP to help individual developers productize their capabilities, transforming a project into a service that can be discovered, invoked, and verified by Agents. At the commercial layer, X-Agent further connects Agent distribution and payment infrastructure, enabling services to enter real Agent workflows, with usage-based billing, budget management, payment, and settlement.Meanwhile, the X-Agent MCP Hackathon is also driving this model into practice: developers do not need to start by building an "MCP server" from scratch. Instead, they first prove that a real capability can solve a practical problem, then convert it into a production-grade Agent service through standardization, deployment verification, and security checks.Therefore, what X-Agent is building is not just a development tool, but a framework that helps OPCs complete:Demand discovery → Capability building → MCP productization → Agent distribution → Commercial settlement → Market feedbackUltimately forming a self-reinforcing AI business closed loop.The OPC of the future is not one person taking on all the work, but one person using AI and Agents to organize a complete set of company-level capabilities.
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SK Hynix's Optical Interconnect Memory Roadmap: Connecting Larger Shared Memory Pools via Localized HBM
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.
Analysis: Bitcoin Breaks Above $72K, Dollar Weakness and Fed Liquidity Expectations Become Key to Outlook
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
DeAgentAI's new official website is now live, with the AI Agent hosting platform and its first application Sentry launched simultaneously
Odaily News, according to official sources, decentralized AI infrastructure DeAgentAI has announced the official launch of its new website.The AI Agent hosting platform, launched alongside the new website, is dedicated to providing long-term underlying support for the construction, deployment, and persistent hosting of intelligent agents. As the first flagship application deployed on this platform, Sentry has been released simultaneously, enabling round-the-clock persistent strategy monitoring with full coverage of all 308 assets on Hyperliquid (including crypto assets, stocks, and commodities). Leveraging the underlying trusted infrastructure, it transforms market insights into objective, emotion-free automated strategy execution.DeAgentAI stated that Sentry is only the first step in the platform's deployment, with more AI Agents for vertical scenarios to be continuously built and hosted on this platform in the future.Meanwhile, with the full deployment of the AI Agent platform, Sentry, and enterprise solutions, DeAgentAI has officially initiated a programmatic regular buyback and burn mechanism for $AIA based on real protocol revenue, driving token deflation and value capture through actual business growth, while continuously reinforcing the long-term value of $AIA.
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.
Glassnode: Bitcoin Remains in "Capitulation Phase," Current Rebound Should Be Seen as a Local Bounce in the Bottoming Process
According to Odaily, Glassnode's latest report points out that Bitcoin's on-chain structure is still in the "capitulation phase," with the short-term holder cost basis having dropped to approximately $68,500, below the real market average of around $75,800. Meanwhile, the current relative unrealized loss peaked at roughly 25%, significantly lower than the over 60% level seen during capitulation phases in previous cycles, indicating that the market's loss severity in this cycle is relatively shallower but more widely distributed, which may require a longer period to complete the clearing process.Glassnode also stated that the 90-day moving average of the realized profit/loss ratio currently stands at 0.75, whereas historically, this indicator typically falls below 0.5 before seller exhaustion occurs. Therefore, true seller exhaustion has not yet emerged. Glassnode further noted that until this indicator breaks back above 2, any price rebound should be viewed more as a local bounce rather than a fundamental shift in market trend.Additionally, the 30-day directional premium in the perpetual futures market turned significantly negative during the recent decline but has now rebounded noticeably and re-entered positive territory. This suggests that leveraged traders are once again willing to pay a premium for long exposure, indicating that speculative risk appetite has improved somewhat. However, in contrast to the improvement in the perpetual futures market, the Coinbase Premium Index remains persistently negative, suggesting that demand in the U.S. spot market has yet to show a meaningful return.
Nasdaq-listed company AIxCrypto reports 50% unrealized loss on crypto holdings, announces orderly exit and transition to event robot rental
According to CryptoSlate, Nasdaq-listed company AIxCrypto Holdings announced plans to orderly sell all its crypto assets. As of June 30, the company held 46 BTC, 616 ETH, 6,659 SOL, 1,308 BNB, and small amounts of ADA, LINK, TRX, USDT, and XRP, with a total cost basis of $10.43 million, fair value of only $5.21 million, an unrealized loss of approximately $5.22 million, representing a drop of about 50% from cost. Meanwhile, the company's operating cash consumption in the first half of the year reached $7.94 million, with accumulated losses as high as $150.3 million, raising doubts about its ability to continue as a going concern. The company is shifting its business focus to its RoboShare robot rental platform and completed its first commercial order on August 15, deploying 6 robots at a Malibu event, but specific revenue and subsequent demand have not yet been disclosed.