PANews

PANews, August 29 — According to monitoring by Lookonchain, two addresses are buying SOL. Specifically:
Address 5p6zPz withdrew 281,446 SOL from Binance 9 hours ago (worth $29.68 million).
Address 3WzfuP withdrew 37,272 SOL from Kraken 1 hour ago (worth $3.87 million).

PANews August 29 news: According to Lookonchain monitoring, Japanese-listed company MetaPlanet deposited 3,000 BTC (worth $237 million) into Coinbase Prime over the past 24 hours.

A Ripple developer announced a four-phase upgrade plan for the XRP Ledger to address the threat of quantum computing: first, assess the network components at risk and test the performance of alternative cryptographic schemes under existing workloads; then run the existing security and quantum-resistant schemes in parallel in stages and complete the migration; if quantum development exceeds expectations, establish an emergency mechanism to prevent attackers from exploiting legacy encryption to steal private keys.

作者： Bankless
编译：白话区块链
The “complete transparency” of public blockchains was once Ethereum’s proudest banner, but it has now become a fatal shackle blocking trillion-dollar traditional capital from entering the market—in on-chain markets, a single massive transfer can even cause an institution’s entire trading strategy to be instantly targeted by the entire network.
How can Wall Street giants embrace Ethereum without exposing their business secrets while still meeting stringent compliance requirements?
EthSystems, officially spun out as an independent entity from the Ethereum Foundation, is offering the ultimate solution for the decentralized world. In this article, two founders with backgrounds spanning top-tier investment banks and the cutting edge of core cryptography will reveal in depth how they are using modern zero-knowledge proofs to break the paradox that “privacy and transparency are mutually exclusive,” and map out a future blueprint for bringing trillions of dollars in institutional assets on-chain in compliance across the entire industry.
Origin and Mission: Why Ethereum Needs Institutional-Grade Privacy
David: Welcome to

PANews, August 29 — L1 network Fogo posted that the Fogo Foundation was hacked by an unknown attacker, resulting in approximately 400 million FOGO tokens being transferred to the attacker. The foundation said it has notified relevant trading platforms and is actively communicating with law enforcement and forensic experts. The Fogo blockchain was not affected and is currently operating normally.

PANews reported on August 29 that, according to Lookonchain monitoring, Huang Lichen (Machi) currently holds ETH long positions worth over $100 million, making him the largest on-chain ETH bull. As the market fell, Huang Lichen closed some losing positions 7 hours ago, losing $1.96 million. Current holdings: 41,000 ETH ($100.01 million), 75,000 HYPE ($6.03 million), and 45 BTC ($3.5 million).

PANews reported on August 29 that OpenAI stated it would terminate its partnership with Cursor, given that Cursor had been acquired by SpaceX. Cursor’s access to use OpenAI models will end on November 12.

PANews, August 29 — According to monitoring by on-chain analyst Ember, from yesterday through the early hours of today, Hyperliquid’s largest long trader opened long positions in BTC and ETH through multiple addresses. The trader currently holds long positions worth $170 million, consisting of 1,000 BTC and 38k ETH, with average entry prices of $78,758 for BTC and $2,478.6 for ETH, and is currently down $2.39 million.

According to SoSoValue data, on August 28, the XRP spot ETF recorded a daily net inflow of $1.44B. Among them, the Bitwise XRP ETF recorded a daily net inflow of approximately $1.66B, with historical net inflows of $603 million; the Canary XRP ETF recorded a daily net inflow of approximately $5.12 million, with historical net inflows of $483 million. As of press time, the XRP spot ETF had total net assets of $1.439 billion, a net asset ratio of 1.66%, and cumulative historical net inflows of $1.663 billion.

According to SoSoValue, on August 28, the SOL spot ETF recorded approximately $18.08 million in net inflows. BSOL recorded approximately $11.1966 million in net inflows, with cumulative net inflows of $1.02B; GSOL recorded approximately $3.5268 million in net inflows, with cumulative net inflows of $131 million. As of press time, the total net asset value of SOL spot ETFs was $1.43B, with a net asset ratio of 2.35% and historical cumulative net inflows of $1.34B.

According to SoSoValue data, on August 28, U.S. Eastern Time, HYPE spot ETFs saw a single-day net inflow of $4.4799 million, all of which came from the Bitwise Hyperliquid ETF (BHYP); BHYP’s net inflow for the day was $4.4799 million, with historical total net inflows reaching $154 million. As of press time, HYPE spot ETFs had total net assets of $439 million, a net asset ratio of 2.47%, and historical cumulative net inflows of $344 million.

Avici and other Solana ecosystem neobanks disclosed that card contracts in certain versions of Solana had vulnerabilities. The relevant contracts have now been upgraded, and no unauthorized activity occurred. Only standalone contracts used to store bank card balances were affected; users’ self-custodied wallets were not. A total of 1,685 users were affected, involving approximately $500,859.22 in card balances, which will be fully refunded. Avici has reported the incident to IC3.

PANews Editor’s Note: PANews has selected high-quality content from the past week to help everyone catch up over the weekend. Click the titles to read.
Products of the AI boom
Bill Gates warns in a 10,000-character article: AI is developing too quickly; he recommends introducing a “robot tax” and establishing human work zones
The disruptive impact of AI on employment, especially entry-level positions for young people; the risks of AI lowering the barrier to dangerous activities such as cyberattacks and biological weapons; and concerns that AI may deprive humans of opportunities to grow.
Why does your writing read like AI? An a16z editor teaches you how to bring back the “human touch”
What are the flaws in AI writing? An a16z crypto analyst breaks them down across four dimensions—rhetoric, voice, structure, and punctuation—pointing out that the characteristics of AI-generated content are not unique to machines, but rather the mass amplification of human writing habits. How can you avoid hollow expressions and improve writing efficiency?

According to the CFTC, former White House teleprompter operator Perez used advance information about Trump’s speech content to trade event contracts such as “Trump mentions markets” on Kalshi, earning $107,539.02 in illicit profits. The CFTC requires Perez to pay a total of $172,539, an additional $60,000 penalty, and agree to a three-year trading ban, with a commitment not to violate the rules again.

PANews, August 29 — According to monitoring by Ai Auntie, another new address, 0x6c9…259a4, associated with the bit-affiliated entity that previously made $55.1M in profits from long positions, opened a long position of 8,000 ETH during the early-morning ETH decline at an entry price of $2,440.49. The position has since been increased to 29,500 ETH and has turned from profit to an unrealized loss of $1.04M. Its cumulative long positions are worth $72M, making it the fifth-largest ETH position on Hyperliquid.

PANews reported on August 29 that Justin Sun posted again regarding the emotional and property dispute: “I hope she is well. May the days ahead have nothing to do with these words.” “There are no judges in relationships. Two people come together and then go their separate ways. I still have no answer about what happened in between, nor do I think there has to be one. I do not belong to either side. This matter ends with me.” “This is an ordinary civil property dispute that has entered judicial proceedings. I respect the court, I respect the process, and I respect all of the other party’s rights. Whatever the result, I accept it.”

PANews reports that regarding relationship and property disputes, CZ said marketing can be aggressive, but must not involve personal attacks or harm the other party’s career prospects. He said direct litigation is preferable to disclosing details and called for proper resolution and mutual respect. In the comments, CZ said he lacked emotional intelligence and was merely expressing his views, adding that the industry should set higher standards. Justin Sun praised CZ’s views, saying he was willing to show mutual respect and resolve the matter properly, leaving it to the courts.

_Author: Zhou, ChainCatcher_
In late August, HYPE continued to rise, reaching a high of approximately $83.5 and setting a new all-time high. It is currently trading around $82, up 37.5% over the past 7 days, with its cumulative gain for the year exceeding 220%.
According to hl.eco data, as of now, the protocol’s cumulative net revenue is approximately $1.27 billion, corresponding to the cumulative on-chain burning of approximately 48.17 million HYPE.
Approximately 99% of the platform’s fees continue to be used to buy back and burn HYPE, providing built-in buying support for the price. AQAv2, launched on August 26, will also add a new funding source for buybacks from the returns on USDC reserves.
On the policy front, on August 19, Trump said that CFTC Chairman Selig was promoting

PANews reported on August 29, citing Bloomberg, that Isabel Schnabel, a member of the European Central Bank’s Executive Board, said central banks should bring central bank money onto the blockchain to revolutionize how monetary policy is implemented. Putting money “on-chain” would not only preserve its role as the “cornerstone of settlement,” but also enable central banks to leverage the programmability of distributed ledgers to modernize monetary policy implementation, collateral management, and liquidity provision, thereby promoting financial stability.

PANews, August 29 — According to monitoring by Onchain Lens, a wallet associated with Bitwise’s BHYP Hyperliquid ETF has staked approximately $74.89 million worth of HYPE tokens. About two hours ago, the wallet also delegated 188.79k HYPE tokens, worth approximately $15.19 million.