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first_img Ripple and Coincheck have successively launched digital asset custody cooperation in Asia

According to Cointelegraph, Ripple announced a partnership with digital asset infrastructure company SettleMint to provide tokenized asset custody and management solutions for financial institutions. Ripple's institutional-grade digital asset custody infrastructure, Ripple Custody, will integrate with SettleMint's Digital Asset Lifecycle Platform (DALP), covering the entire lifecycle of tokens and simplifying the custody process for institutions.Just the day before, digital asset service provider Coincheck Group announced a partnership with wallet infrastructure company DFNS to build digital asset wallet technology and custody services in Japan. DFNS's wallet-as-a-service can provide institutions with complete transaction lifecycle management, including workflow orchestration and governance controls, and supports over 100 blockchain networks. Both collaborations aim to build more institutional-grade digital asset infrastructure to address the barriers for traditional financial institutions entering the crypto space.The 2025 Global Crypto Adoption Index released by Chainalysis shows that on-chain crypto activity in the Asia-Pacific region has the fastest growth rate in the world, with a year-on-year increase of 69%. Currently, several Asian countries are formulating their own cryptocurrency regulatory frameworks. The bill passed in Japan in July classifies crypto assets as financial assets under the Financial Instruments and Exchange Act. Japan's Finance Minister Shunichi Suzuki previously expressed a desire to bring crypto assets under the same regulatory framework as traditional financial assets.

first_img Samsung Electronics' operating profit in the third quarter may exceed 1 trillion won for the first time

According to a report by South Korea's Seoul Economic Daily on August 31, the prices of HBM and DRAM used in AI accelerators continue to rise. Data from the Korea Trade Association shows that DRAM export volume decreased from approximately 681.7 million units in May to 591.74 million units in July, a decline of 13.2%. However, the export value increased from $11.428 billion to $13.552 billion, a growth of 18.5%, with the export unit price rising from $16.76 to $22.9, an increase of 36.6%.The supply of HBM4 to customers such as Nvidia is expanding, but the initial yield is lower than that of HBM3E, exacerbating the overall DRAM supply shortage. Samsung Electronics' memory division is reportedly planning to allocate about 70% of its capacity to long-term supply agreements until 2031, with major clients including Nvidia, Microsoft, and Google. Mega Grid Supply data shows that the spot price for HBM3E 36GB is $2,100, approximately 4 to 5 times the long-term contract price; the spot price for HBM4 16-layer, which is in mass production coordination, is about $3,500.The financial investment community expects Samsung Electronics' third-quarter revenue to reach 206.64 trillion won and operating profit to reach 116.38 trillion won, with operating profit expected to exceed 100 trillion won for the first time. SK Hynix's third-quarter revenue is expected to be 101.76 trillion won, with operating profit of 79.16 trillion won. Samsung Electronics is considering converting its only wafer foundry line S5 in the Pyeongtaek campus to memory production as early as next year.

first_img The Cronos network has suspended operations due to an attack on Tectonic, with estimated losses of around 75 million dollars

The Cronos network associated with Crypto.com has paused operations after detecting an attack on the lending protocol Tectonic. The Cronos Network stated on the X platform that it has identified vulnerabilities on Tectonic and has paused the network. Tectonic also confirmed that it is investigating the related incident and advised users not to interact with the protocol until safety is confirmed. According to DefiLlama data, Tectonic had a total locked value of approximately $121.7 million before the incident, with active loans of about $82.7 million.On-chain researcher Weilin Li attributed the attack to price manipulation of the TONIC token. The attacker bought enough TONIC within 20 minutes to inflate its price by about 100 times, and then used the inflated tokens as collateral to borrow other assets from Tectonic, a method similar to the 2022 Mango Markets oracle manipulation attack. Li initially estimated that the attacker profited about $66 million, and later discovered another address controlled by a different attacker containing about $8 million, bringing the total estimate to around $75 million. Li also stated that the attacker only successfully bridged about $6 million to Ethereum, as the pause on the Cronos network prevented most affected assets from flowing out.Crypto.com CEO Kris Marsalek stated that the company's app and exchange were not attacked, and its security team is assisting Tectonic with the investigation.

The Interpol Operation Jackal IV has arrested 58 people, focusing on cracking down on investment fraud such as cryptocurrency scams

According to IT Home, the International Criminal Police Organization (INTERPOL) has announced the results of the new anti-fraud operation "Jackal IV." This operation will last from November 2025 to June 2026 and involves 22 countries and regions worldwide, focusing on combating online financial crimes such as romance scams, cryptocurrency and investment fraud, email scams, and money laundering. A total of 58 people were arrested in this round of operations, and the identities of 263 individuals involved have been confirmed.Among them, the Argentine police seized a "Crime-as-a-Service" (CaaS) network that provided website domain and money laundering services, arresting 17 people and confirming the identities of 196 individuals involved. The South African police raided 7 locations in Johannesburg, arresting 39 suspects accused of romance scams and investment fraud targeting retirees from English-speaking countries, while seizing $2.67 million and freezing 257 bank accounts.In addition, the Italian police confirmed one suspect involved in a cross-European money laundering network, discovering that a single bank account was linked to money laundering transactions amounting to €845,000; the Romanian police dismantled an investment fraud gang, arresting 11 people and seizing illegal assets such as cash, cryptocurrency, and real estate.

HyENA announces the cessation of operations, and all markets will be gradually removed from August 31 to September 2

HyENA announced that it will cease operations and close all markets, with user funds unaffected. The official statement indicated that HyENA was built on the Hyperliquid HIP-3 standard and Ethena's USDe, allowing traders to earn profits while using USDe as margin for trading perpetual contracts, processing a cumulative trading volume of over $4 billion, serving more than 12,000 traders, and distributing nearly 2.5 million USDe rewards to margin users.The official statement noted that with the further alignment of Hyperliquid and USDC, the development space for USDe margin on the platform has changed, leading to the decision to terminate HyENA. Markets will be delisted in the order of one market per hour from August 31 to September 2, with positions automatically settled at the final marked price, and margins returned to the spot balance. HLPe deposits can be claimed at a 1:1 ratio along with accumulated rewards and withdrawn via Upshift, with the final reward distribution date set for August 27 and the final affiliate commission payment date on September 9.Additionally, the Ethena exchange reward program ended in June 2026, and HyENA points will remain in their final state, with no snapshots, conversions, or distributions taking place, and they hold no monetary value. The official emphasized that HyENA has no tokens and no issuance plans.

a16z raises $1.1 billion for a new fund: focusing on the construction of a full set of infrastructure for AI operations

Silicon Valley's renowned venture capital firm a16z has announced that it has raised $1.1 billion for its latest fund, the Machine Age Fund, which will focus on investing in the full suite of computing infrastructure that supports AI operations, including chips, memory, networking, storage, as well as complete systems such as data centers, robots, and home AI devices.a16z stated that over the past year, there has been a significant turning point in the growth of AI in terms of application capabilities and types of work. As AI expands from chat and reasoning further into programming and other knowledge work, the demand for computing power and tokens is experiencing exponential growth, and machine intelligence is accelerating its deep development.a16z indicated that its team possesses extensive experience in hardware, data centers, chips, networking, and large-scale computing systems. They have also established a resource network covering market expansion, talent recruitment, marketing, customers, suppliers, and American manufacturing, which will further support the next generation of AI hardware entrepreneurs. a16z mentioned that we are currently at an important juncture in the transformation of computing paradigms and look forward to collaborating with entrepreneurs dedicated to reconstructing AI hardware and advancing the arrival of the "Machine Age."

Shanghai police in China have arrested a gang engaged in cross-border illegal operations of virtual currency through a self-built platform, involving 200 million yuan

The Public Security Bureau of Hongkou District, Shanghai, China, recently solved a case involving cross-border illegal settlement and illegal foreign exchange trading using virtual currency, arresting 9 criminal suspects and involving an amount of over 200 million yuan. The suspects, including a person named Li, established a technology company at the beginning of 2024 to seek illegal profits, building two platforms online: "Cross-Border Fund Exchange" and "Virtual Credit Card Issuance and Settlement." They solicited customers both online and offline, illegally conducting exchange and settlement services for virtual currency and cross-border funds, profiting through transaction fees, service fees, card issuance fees, withdrawal fees, and other means.Investigators stated, "The uniqueness of this case lies in the fact that the criminals developed two apps and publicly solicited customers on such a large scale, which has never been seen before. The platforms built in this case are themselves a closed-loop illegal financial service system, with all transactions settled internally on the platform. This mode of crime has a higher degree of scale, a longer chain, and is more deceptive." Reports indicate that on the "Cross-Border Fund Exchange" platform, the criminal gang collected customers' virtual currency overseas and exchanged it for foreign currency, forming a "fund pool," and then realized cross-border settlement through fabricated contracts, achieving the exchange and transfer of virtual currency to RMB. On the "Virtual Credit Card Issuance and Settlement" platform, the criminal gang "cooperated" with several overseas private banks to issue virtual credit cards to customers, who could use the card for consumption, but the repayment process had to be settled in virtual currency; the gang exchanged virtual currency for foreign currency overseas, relying on false cross-border settlements to complete clearing with overseas card merchants.
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