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According to on-chain analysts' monitoring, the Ethena project's associated address, after being dormant for 2 years, is suspected to have liquidated its holdings. 14 million ENA (worth 6.89 million dollars at the time of receipt, with a coin price of 0.4928 dollars) was fully deposited into Bybit 6 hours ago, leaving only 2.41 million dollars, a decrease of 4.48 million dollars compared to the time of receipt, and a decline of over 8.735 million dollars from its peak.

Uniswap founder Hayden posted on the X platform, stating that correlated trading pairs are forming. The top five tokenized SPY trading pairs by trading volume serve as "bridge" trading pairs connecting other common underlying trading pairs, primarily linking to tokenized stocks with higher correlations. This type of market is characterized by globalization, programmability, low costs, and 24/7 operation.Hayden stated that he has been working on the forefront of DeFi for 9 years and believes that AMM has enormous potential. After years of evolution and development, the path for AMM to achieve global dominance is becoming increasingly clear. Tokenization has changed the existence of markets, market makers, and the objects of market trading. Since its launch, Uniswap has been operating autonomously, with a cumulative trading volume exceeding $4.6 trillion, and has increased the share of spot trading volume on decentralized exchanges from less than 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern that most financial markets have yet to notice: correlated trading pairs. AMMs have found a product-market fit in long-tail markets, as most assets previously could not attract the attention of professional market makers. DeFi and AMM have lowered the barriers to market making, opening the market to more participants. Liquidity will concentrate in the places with the lowest risk, rather than being forced to remain in places constrained by traditional infrastructure.

User Wordgrammer stated that the internet has collapsed due to social and video being 100% sandboxable, with consumer preferences leaning towards usage while intoxicated, in bed, on the toilet, or when 99% of their brain is occupied. They believe that the current AI discussion is similar to the misjudgment in 1995 that "everyone will have a website," as not everyone will create personal software or mobile applications.Wordgrammer indicated that everyone will use agents, but less than 1% will use coding agents, just as everyone has a social homepage but less than 1% have a personal website. Consumer-grade and enterprise agents must have a 0% failure rate foolproof sandbox, where accidental purchases, messaging, or information leaks cannot occur. Better models are insufficient to achieve this and require a rethinking of abstraction.

Nomura Securities' digital asset subsidiary Laser Digital announced a partnership with Keyring Network to serve as the risk governance entity for the institutional lending market, with the first market set to launch on Euler Finance. The parties did not disclose committed capital, fee terms, or launch dates.According to the cooperation framework, Keyring provides infrastructure and tools, including access verification, quantitative risk parameter setting, and clearing framework design; Laser Digital's asset management department contributes governance standards, portfolio structure, and market practices. Both parties pointed out that institutional participation in DeFi lending faces four major obstacles: licensing, vulnerability risks, governance, and settlement. The solution combines zero-knowledge licensing, quantitative risk modeling, network insurance, and Keyring's settlement technology.According to DefiLlama data, Euler has a total value locked of $368.8 million across 17 chains, with outstanding loans of $555.4 million. Laser Digital previously supported ZIGChain's emerging market private credit in August, while Keyring introduced a zero-knowledge identity layer for the DeFi vault on Avalanche in August 2025. Nomura established Laser Digital in 2022, with operational headquarters in Dubai and Switzerland.

According to Cointelegraph, Russia's legal framework for cryptocurrency trading, custody, and cross-border settlements officially came into effect today.

Venture capitalist Tomasz Tunguz posted on X that the cutting-edge AI market is splitting into closed camps, with labs choosing partners, cutting off competitors, and rationing access to the strongest models. Salesforce selected Anthropic as its dedicated AI partner, making Claude the default model for the world's largest CRM and Slack.OpenAI cut off its API access on November 12 after SpaceX acquired Cursor. Z.ai placed its flagship model under a security review after cumulative revenue exceeded $10 billion. Anthropic rationed Mythos 5 through Project Glasswing and restricted Fable to inference only in the United States. OpenAI first launched the GPT-5.6 variant to trusted partners.Nvidia is investing in an open ecosystem, including $13 billion for Hugging Face, $7 billion for Poolside, and a $26 billion commitment to Nemotron. Tunguz stated that access, rather than price, has become the new scarcity at the forefront.

According to monitoring by Lookonchain, a certain whale received 167,855 ETH from multiple wallets, worth $408 million, and has begun depositing it into exchanges.In the past 2 days, this whale has deposited 70,739 ETH into multiple exchanges, worth $174 million, and currently still holds 97,115 ETH, worth $237 million.

According to Arkham blockchain data, wallets associated with the North Korean state-sponsored hacking organization Lazarus Group have sold over $30 million in Bitcoin on the decentralized perpetual contract trading platform Hyperliquid in the past three weeks, using the proceeds to purchase Ethereum and Solana, which were then transferred to centralized exchanges such as Kraken, LBank, and KuCoin. Kraken responded that it maintains an industry-leading compliance program, continuously monitoring on-chain activities to identify and block assets related to sanctioned wallets; LBank and KuCoin stated that the associated risks are a continuing challenge faced by the industry as a whole and emphasized that publicly available on-chain data may not reflect compliance measures at the platform level.At this time, the Trump administration is exploring ways to incorporate Hyperliquid into the regulated U.S. financial system. Trump stated earlier this month at a White House event that the chairman of the Commodity Futures Trading Commission, Mike Selig, is developing a path to bring Hyperliquid into the U.S. in a fully compliant and legal manner. According to Bloomberg, Kraken's parent company Payward is in deep negotiations with Hyperliquid Labs to offer perpetual contracts to U.S. traders.Hyperliquid is the leading platform in the decentralized perpetual contract space, allowing users to trade directly from their crypto wallets without the need for traditional brokerage accounts or KYC checks. According to DefiLlama data, its cumulative perpetual contract trading volume has exceeded $5 trillion, with current open contracts of approximately $13.3 billion.

According to on-chain analyst @ai_9684xtpa, a certain whale accumulated 280,000 HYPE at a low of $64.5 between June 11 and August 13, with a total value of $18.06 million.4 hours ago, this whale deposited 88,216 HYPE to Coinbase for the first time, worth $7.23 million. If sold, the return rate would reach 27%, with an expected profit of $1.538 million.

According to Lookonchain monitoring, a certain whale received 102,900 ETH from multiple wallets 11 hours ago, worth $248.6 million; 20 minutes ago, it deposited 2,858 ETH into an exchange, worth $7 million.Currently, the whale still holds 100,100 ETH, worth $241.6 million.

According to Onchain Lens monitoring, as the overall cryptocurrency market declines, Wintermute has shifted its predominantly short positions on Hyperliquid back to profitability.Currently, it holds approximately $149.2 million in short positions and only about $5.01 million in long positions, with unrealized gains and losses of approximately $1.73 million. Among these, the short position in ETH is about $58.36 million, the short position in SOL is about $26.11 million, and the short position in BTC is about $19.16 million.

According to Cointelegraph citing data from Bank of America, cryptocurrency funds recorded an inflow of $3.2 billion last week, the largest weekly inflow since October 2025.

According to Lookonchain monitoring, the Japanese listed company MetaPlanet deposited 3,000 BTC (worth $237 million) into Coinbase Prime in the past 24 hours.

According to Onchain Lens monitoring, Avici was attacked, resulting in a total loss of approximately $1.02 million. The attacker transferred 10,000 SOL to another wallet and exchanged it for about 1.02 million USDC, then transferred it through a cross-chain bridge and exchanged it for approximately 418 ETH.

According to Bloomberg, European Central Bank Executive Board Member Isabel Schnabel stated that central banks should introduce central bank money into blockchain to innovate the execution of monetary policy.Implementing "on-chain" not only maintains the status of money as the "settlement cornerstone," but also allows central banks to utilize the programmable features of distributed ledgers to modernize the execution of monetary policy, collateral management, and liquidity provision, thereby promoting financial stability.

According to the official announcement, Websea celebrates its third anniversary. The platform announced that it will resume withdrawal services starting from August 28 and officially launch a long-term user incentive program, allocating 15% of the platform's revenue to the user incentive pool each month. The three-year anniversary points redemption event will also be launched simultaneously.In the three years since its establishment, Websea has continuously focused on product capabilities, user services, and global ecological layout. Recently, it completed a comprehensive upgrade of its copy trading product and launched the "Websea Star Goddess Community" IP; it co-hosted the global RWA summit in Almaty, Kazakhstan, deepening the Central Asian market and promoting connections with the RWA ecosystem.In terms of transparency and asset security, Websea has launched PoR (Proof of Reserves) and Merkle Tree self-verification tools to provide users with verifiable on-chain asset information.

Bitwise CEO posted on the X platform, stating that approximately $100 million in funds flowed into Bitwise's ETPs in the United States. Among them, Solana accounted for about $40 million, Bitcoin about $22 million, Hyperliquid about $20 million, XRP about $12 million, and Ethereum about $1.4 million, ranking in the top five for fund inflows.Investors are increasing their exposure to crypto assets.

On August 25, OpenAI announced the addition of proxy browsing capabilities for ChatGPT Work, enabling it to take over tasks on websites that require login and continue working. Users only need to enter their credentials or security codes once at the login interface, and the proxy can continue executing tasks, with sessions potentially remaining logged in for subsequent tasks without the need to log in again. OpenAI stated that this browser supports password managers, and the model cannot see usernames or passwords; this information will not be stored or used for training.However, one-time authentication effectively leaves a foothold for the proxy to maintain continuous access to the account. OpenAI's own models have previously exhibited boundary-crossing behavior, with approximately 1,200 OpenAI proxies (including GPT-5.6 Sol and a pre-release model) breaching the testing environment and invading Hugging Face's production servers to cheat benchmark tests, with about 700 proxies participating in the attack. This feature has been launched on the web and mobile browsers of ChatGPT Work, allowing users to clear sessions by site individually in the cloud browser settings.