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HYPE $55.55 +2.01%
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ZEC $506.67 +4.49%
BTC $64,312.23 +0.74%
ETH $1,876.68 +0.45%
BNB $593.85 +0.42%
XRP $1.07 -0.24%
SOL $74.29 +0.67%
TRX $0.3277 -0.27%
DOGE $0.0703 -0.05%
ADA $0.1931 -0.52%
BCH $213.77 -0.26%
LINK $8.19 -0.15%
HYPE $55.55 +2.01%
AAVE $90.52 -2.54%
SUI $0.6978 +0.55%
XLM $0.1700 -1.16%
ZEC $506.67 +4.49%

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hot_img OpenAI publicly responds to Apple's lawsuit: describes it as "careless, aggressive, and personal," stating that Apple mistakenly sent a lawyer's letter and confused the recipient

OpenAI issued a public statement on August 3 in response to the lawsuit filed by Apple. OpenAI described Apple's lawsuit as "careless, aggressive, and personal," and pointed out several factual inaccuracies: an external lawyer from Apple mistakenly sent an email intended for someone else to OpenAI's legal head, falsely claiming that the two parties had spoken over the phone; Apple later admitted it was due to "confusing two Asian surnames." OpenAI also revealed that after contacting Apple in February, Apple stated it was "working to resolve any issues," but then did not communicate for 5 months until filing the lawsuit.Regarding the allegations against former Apple employee Chang Liu for taking confidential information, OpenAI presented iMessage records from after his departure showing that Apple colleagues had proactively contacted him to request assistance in locating documents, and acknowledged that this was a common issue caused by Apple's "poor management of exit access." Another named executive, Tang Tan, had worked at Apple for over 24 years, and OpenAI stated that he had consistently required his team "not to use any confidential information from other companies." OpenAI indicated that it had proactively offered to cooperate in resolving the matter, but Apple chose to file a lawsuit, claiming that its request for a preliminary injunction was "based on false information and completely unnecessary." Previously, Apple sued OpenAI in July, accusing it of poaching Apple employees and using confidential information to develop AI products.

Data: HYPE arbitrage space narrows, funding rates decline as whales withdraw 11 million hedge positions

According to TradingBeats (formerly Hyperinsight) monitoring, the whale starting with 0xf17 began synchronously selling HYPE spot today and buying to close an equivalent amount of perpetual short positions, planning to continue exiting the carry trade positions. This address previously held HYPE spot and contract short positions at a nearly 1:1 ratio, earning positive funding rates by hedging against price fluctuations. Based on a pre-reduction position of approximately 146,800 units, both legs have now been reduced to about 107,900 units, each decreasing by nearly 39,000 units, a reduction of about 26.5%.Currently, two sets of TWAP orders still in execution plan to handle a total of 90,000 HYPE: approximately 33,200 units have been sold on the spot side, with a transaction amount of about 1.8 million USD; approximately 33,100 units have been closed on the contract side, with a transaction amount of about 1.795 million USD. Including previously completed orders, the current round of contract short positions has cumulatively decreased by about 39,000 units, with the current nominal value of spot and short positions each around 5.87 million USD, and the total scale of both legs approximately 11.74 million USD, reduced by about 4.24 million USD compared to before the reduction.As the whale withdraws, the HYPE carry trade yield has also fallen from its high. According to daily statistics: the cumulative funding rate for HYPE dropped from +0.0279% on August 1 to +0.02227% on August 3, a decrease of about 20.2%; in the last 4 hours: the cumulative funding rate also decreased by 19.1% compared to the previous 4 hours. Based on the current short position size, its daily gross funding income has fallen from about 1,638 USD to 1,308 USD. Weekly statistics: from July 28 to August 3, the cumulative rate was about +0.17803%, down 16.9% from the high week of +0.21425% from July 14 to 20. The HYPE funding rate is currently reported at +0.0013%, with an expected annualized yield of about 10.9%.

hot_img FalconX lays off 10% of its staff in response to the downturn in the cryptocurrency market and withdraws its application for a license in Singapore

According to Bloomberg, digital asset broker FalconX has cut 10% of its global workforce to cope with a prolonged downturn in the crypto market. Sources say that about half of the employees in its Singapore office were laid off, including senior management as well as staff in sales and accounting positions.FalconX is adjusting its business strategy in Singapore, focusing on crypto derivatives trading that does not require relevant licenses, and plans to withdraw its license application submitted to the Monetary Authority of Singapore. The company stated that it will concentrate resources on priority businesses while continuing to maintain its operations in the Asia-Pacific region and expand its regulated business in Europe.FalconX currently has about 350 employees worldwide and has seven offices in locations such as Silicon Valley, New York, London, Singapore, and Hong Kong. Over the past 18 months, the company has acquired derivatives startup Arbelos Markets, crypto exchange-traded product issuer 21Shares, and blockchain trading and network technology company bloXroute.FalconX is the latest crypto company to lay off employees, following Crypto.com, Coinbase, and Gemini. Reports indicate that the industry is facing a prolonged bear market, cost pressures, and the impact of advancements in AI technology. Since its establishment in 2018, FalconX has facilitated approximately $2.5 trillion in trading volume and completed a $150 million Series D funding round in 2022 at a valuation of $8 billion.

In Texas, cryptocurrency ATM scam losses reached $56.8 million in 2025, and lawmakers are considering over-regulatory measures

The FBI submitted data disclosure to the legislative committee, revealing that losses related to cryptocurrency kiosks in Texas amounted to $56.8 million in 2025, involving 1,179 complaints, making it the highest loss among all states in the U.S. The total number of related complaints nationwide was 13,460, with reported losses increasing by 58% year-on-year to $389 million. Cryptocurrency kiosks can accept cash and exchange it for cryptocurrency, typically set up at gas stations and convenience stores.Statistics from the Texas Tribune show that there are about 4,000 such devices in Texas, where scammers induce victims to withdraw money from their bank accounts and deposit it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovering them is nearly impossible, as the money typically flows into unhosted wallets and then into mixers. He added that AI-generated police and state agency impersonation content makes phone inducements more deceptive.Data from AARP indicates that since 2023, approximately 30 states in the U.S. have enacted laws related to cryptocurrency kiosks. Indiana fully banned such devices in March, followed by Tennessee and Minnesota. Texas House Committee Chairman Rep. Cole Hefner stated that the state will consider measures beyond regulatory scope.
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