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Term Labs loses approximately $8.5 million in governance attack
PANews, August 23 — CertiK monitoring shows that Term Labs suffered a governance attack, losing approximately $8.5 million, including 2,843 ETH and approximately 1.6 million DAI currently held at an address beginning with 0xD5183. Term Labs responded that its vault was affected by a governance vulnerability and that it will disclose more details after further investigation.
ETH-1.22%
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Paul Chan Mo-po: The Hong Kong SAR government is comprehensively promoting the implementation and widespread adoption of AI.
Hong Kong Financial Secretary Paul Chan Mo-po said the AI boom has energized the city’s economy and consumer market, and the government is fully promoting AI adoption. Rising global AI demand has boosted Hong Kong’s exports and capital market activity, with AI-related IPOs totaling about HK$100 billion, or more than half of the total; the Hang Seng Index will also add several AI companies. If SMEs’ AI adoption rate catches up with that of large enterprises by 2035, it could generate about HK$65 billion in economic benefits for Hong Kong. The government’s AI Efficiency Enhancement Team is advancing 30 projects across 13 departments.
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Jiang Zhuoer: ETH’s capital inflow-to-market-cap ratio is twice that of BTC, driving its gains to exceed BTC’s.
Jiang Zhuo’er said that BTC ETF inflows totaled $1.92 billion last week, while ETH ETF inflows reached $700 million; ETH’s market cap is approximately 18.8% that of BTC, but its share of ETF inflows reached 36.4%, twice BTC’s ratio relative to market cap, driving ETH to outperform in this rally (approximately 35.9% versus 26.6%). He also said that if the CLARITY Act passes, U.S. financial assets will be comprehensively brought on-chain, tokenized, and integrated with smart contracts, potentially ushering in global financial freedom, while bringing RWA assets on-chain could attract investment in underlying public chains.
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ETH3.96%
BTC6.03%
RWA-0.72%
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Study: Approximately one-tenth of English-language webpages contain clear signs of AI-generated content.
A Pew Research Center study shows that approximately one-tenth of English-language webpages contain clear signs of AI-generated content; among webpages published after November 2022, the proportion rises to 35%. The sample comprised approximately 490k pages from public web archives and was analyzed using the Open Pangram detection model. By domain, signs of AI on .com pages were approximately ten times more common than on .edu/.gov pages, while the approximately 4.6% figure was nearly twice that of .org.
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Reflections on the Coldcard Theft: Visible Source Code Does Not Equal Security
撰文:Juan Galt
编译:AididiaoJP,Foresight News
The debate between open source and closed source has continued for more than a decade in Bitcoin and the crypto industry as a whole. Bitcoin supporters have long argued that global financial infrastructure must be built openly, and that transparency and auditability are non-negotiable principles when real money is at stake. However, the application layer and traditional finance often do not agree.
The recent theft of a Coldcard hardware wallet has further thrust the true meaning of “open source” into the spotlight. Users lost more than $100 million in Bitcoin (over 1,500 BTC). The incident exposed an uncomfortable reality: even many hardcore Bitcoin users have a fairly limited understanding of the open-source software development philosophy and the scenarios in which it can fail.
Principles and Terminology
Open-source terminology is not simple. Free and open-source software (F
BTC-1.46%
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Fairmint CEO: Tokenized stock frenzy may recreate Wall Street’s “paper crisis”
Industry insiders warned that tokenized stocks could recreate Wall Street’s “paperwork crisis” of the 1960s due to fragmented systems and standards across exchanges, SPVs, token wrappers, and proprietary ledgers, resulting in fragmented ownership records. Some tokenized products provide only economic exposure rather than legal ownership, meaning investors may have to rely on intermediaries; if the issuer or SPV goes bankrupt, voting rights, dividends, and claims on assets would be uncertain.
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Representative Rashida Tlaib, who previously voted against the crypto bill, was revealed to hold BTC- and ETH-related ETFs.
According to the New York Post, amid Democratic Michigan Rep. Rashida Tlaib’s opposition in Congress to major cryptocurrency legislation, her latest financial disclosure shows that her approximately $1.2 million retirement account holds Bitcoin- and Ethereum-related assets, including up to $15k each in the Grayscale Ethereum ETF and iShares Bitcoin ETF; she previously voted against the CLARITY Act and supported a resolution to ban “crypto corruption.”
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BTC6.03%
ETH3.96%
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The American Bank Policy Institute calls on FinCEN to extend stablecoin identification requirements to the secondary market.
BPI submitted a comment letter to FinCEN recommending that the Customer Identification Program (CIP) be expanded from stablecoin issuers to exchanges and platforms in the secondary market, incorporating the collection of identity information under the BSA and covering secondary-market activities related to retail accounts, as they play a key role in stablecoin transactions and are where much of the related illicit activity occurs. FinCEN’s proposed rule acknowledges that expanding identity information requirements is operationally challenging, as blockchain transactions are largely anonymous or pseudonymous, lack centralized information points, and make it difficult for issuers to obtain information on secondary-market customers.
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Alibaba plans to place HK$80 billion worth of new shares, with all proceeds going toward AI
PANews August 23 news, according to the STAR Market Daily, Alibaba announced plans to place new shares with non-U.S. persons outside the United States, with a total placement amount of HK$80 billion. This is also the first time Alibaba has initiated a new share placement since its Hong Kong listing in 2019. The net proceeds from this placement will be used 100% to invest in full-stack AI capabilities, strengthen AI infrastructure development, and further consolidate Alibaba’s global leadership in the AI sector.
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Whale “First Set 10 Big Goals” has an unrealized profit of approximately $800k on its BTC short position and an unrealized loss of $30k on its ETH short position
PANews reported on August 23 that, according to monitoring by Ai Yi, BTC fell below $76k, and the whale short position that had “set 10 major targets first” returned to profitability. The BTC short position consists of 1,830.724 BTC, worth approximately $139 million, with an average entry price of $76,397.56 and an unrealized profit of approximately $800k; the ETH short position consists of 12,756.739 ETH, worth approximately $30.25 million, with an average entry price of $2,371.57 and an unrealized loss of approximately $30k.
BTC-1.44%
ETH-1.17%
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The “Bubble” Frenzy Around Embodied Intelligence: Technology and Demand Still Await Validation
来源:晚点 Late Post
撰文:李梓楠 申远 徐煜萌
As the report was wrapping up, the editor asked: How many robots working on a production line would it take to replace one BYD worker?
I couldn't answer.
At the beginning of the year, in a simulated auto factory, I watched a humanoid robot arrange four fingers into a flat surface, lift a box, turn around, walk to a shelf 20 meters away, and put it down. The entire process took about 90 seconds, and its efficiency was probably only 30% that of a human.
Last month, at a bearing manufacturing plant, another robot extended its gripper, picked up a bearing from a pallet, turned around, and placed it in a plastic box on the left. A human could complete this action in 2 seconds; it took the robot 70 seconds. Even if it were ten times faster, it still couldn't enter the factory.
One company that built these two robots has a valuation of nearly 40 billion yuan; the other has a valuation of more than $1 billion, was founded less than a year ago, and has raised 5
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BTC fell below $76,000, down 1.38% today.
PANews, August 23 — OKX market data shows that BTC has just fallen below $76,000, currently trading at $75,925.90 per coin, down 1.38% today.
BTC-1.46%
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Two successive CEOs of Polish crypto exchange Zondacrypto have gone missing; its parent company’s license has been revoked.
According to The New York Times, in March 2022, Sylwester Suszek, founder of Polish crypto exchange Zondacrypto (formerly BitBay), disappeared, leaving desperate voice messages; his family suspected foul play. The lawyer who took over management, Przemyslaw Kral, has also been unreachable for four months. Kral once reassured customers in a video, claiming the company held more than $330 million in Bitcoin, but only Suszek possessed the unlocking keys. The website shut down around April, and about two months later (June 29), Estonia’s FIU revoked the parent company’s license.
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BTC-1.46%
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ETH fell below $2,400, down 0.54% today.
PANews August 23 news: OKX market data shows that ETH has just fallen below $2,400, currently trading at $2,398.00 per coin, down 0.54% today.
ETH-1.22%
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Coinbase Bitcoin Premium Index remains negative for 97 consecutive days, setting a new record for the longest negative streak.
According to Coinglass data, the Coinbase Bitcoin Premium Index has remained negative for 97 consecutive days, most recently at -0.0266%. Previously, it recorded 40 consecutive days of negative premium from January 16 to February 24, the longest stretch since the indicator began, surpassing the approximately 30 days of negative premium before and after the 1011 crash. Prolonged negative premiums are usually associated with U.S. institutional capital exiting, warranting caution over short-term pullback pressure.
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BTC-1.46%
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USDC’s circulating supply increased by approximately 800 million over the past 7 days.
PANews, August 23 — According to official data, in the 7 days through August 20, Circle issued approximately 7.5 billion USDC and redeemed approximately 6.7 billion USDC, increasing the circulating supply by approximately 800 million tokens. The total circulating supply of USDC was 72.7 billion, with reserves of approximately $72.9 billion, including approximately $48.1 billion in overnight reverse Treasury repurchase agreements; approximately $12.7 billion in Treasuries with maturities of less than 3 months; approximately $11.4 billion in deposits at systemically important institutions; and approximately $700 million in other bank deposits.
USDC-0.01%
CRCL5.14%
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Trump’s investment account made over 1,000 stock trades in June.
The Wall Street Journal reported that Trump’s investment account made more than 1,000 trades this June, including approximately 550 purchases and approximately 450 sales, involving Berkshire Hathaway, Visa, Mastercard, Meta, and others. Since 2025, his eldest son has managed the trust’s investments. The White House said it is operated independently by a third party, using computer models that track indexes, and that Trump and his family have no involvement in the timing. It earned more than $2 billion last year, primarily from investments in cryptocurrency companies.
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BRK.A-0.24%
V1.36%
MA1.09%
META0.73%
SCHW2.22%
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GateUser-b4ae264b:
Enter on the dip 😎
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Binance Ends the Exchange Wealth Effect as Trump Launches a New Wave of Wealth Creation
作者:佐爷歪脖山
> More asset categories ≠ stronger wealth effects
In 2021, CZ declared with absolute confidence, “Centralized exchanges are merely an intermediate step toward on-chain DeFi.”
In 2026, at the age when he understands destiny, CZ went all-in on his entire reputation in an attempt to forcibly usher in a second spring for Meme trading.
Moral criticism is utterly powerless in the face of a $73.7B fortune, but Satoshi Nakamoto’s envisioned P2P transfer system has inevitably become the grand backdrop for PVP.
If the history of exchanges is traced as a timeline, 2026 is the worst year yet for their liquidity and reputation. BitMEX, which invented Perp, ultimately shut down after failing to sell itself, AB Finance
MEME-6.89%
PVP-1.18%
PERP-1.95%
AB-0.70%
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Institutionalization accelerates in South Korea’s crypto market: Corporate accounts at the five major exchanges reach 6,590, with Bithumb accounting for nearly half
South Korea’s Financial Supervisory Service disclosed that, as of the end of July, the five major exchanges had 6,590 registered corporate accounts, including 3,280 on Bithumb and 2,086 on Upbit, accounting for 81.4% in total; 711 had completed KYC (10.8%), with Upbit having the most at 290. Corporate accounts held approximately 43.38B KRW in assets, with Upbit accounting for 62.4%, while Bithumb held approximately 6.29 billion KRW and Coinone approximately 5.15 billion KRW; corporate account deposits totaled approximately 9.13 billion KRW.
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Wintermute transferred a total of $57 million worth of SOL and BTC to Binance and Coinbase
Onchain Lens monitoring shows that Wintermute transferred approximately $57 million to Binance and Coinbase. This included approximately 1.3M SOL (about $12.42 million) and 169.5 BTC (about $13.11 million) sent to Binance, suspected to be for sale; another approximately 407.47 BTC (about $31.36 million) was transferred to Coinbase via an intermediary wallet.
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SOL-2.03%
BTC-1.46%
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