Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

According to Onchain Lens, the native token AVICI of crypto bank project Avici is suspected to have been hacked, with losses totaling roughly $1.02 million. The attacker transferred the stolen 10,000 SOL to another wallet, converted it to approximately $1.02 million worth of USDC, then swapped the funds for around 418 ETH via cross-chain operations. The related funds are now suspected to have flowed to a Tornado Cash deposit address; the attacker’s wallet address is FVNFzqAny8spWdPmYw6RQ9TkYa29ueFFiqCFD1gQnCEj.

Per monitoring by crypto analytics account Ai Yi, the Bit-linked entity that previously earned $55.095 million from ETH long positions has added to its holdings again. Its new associated address 0x6c9…259a4 opened 8,000 ETH long positions during ETH’s early-morning price drop today, with an average entry price of approximately $2,440.49. The entity’s total ETH long positions have now risen to 29,500, valued at around $72 million, shifting from an unrealized profit to an unrealized loss of roughly $1.042 million, making it the fifth-largest ETH position on Hyperliquid.

U.S. stocks closed on Friday: The Dow Jones Industrial Average initially closed down 0.02%, the S&P 500 fell 0.25%, and the Nasdaq dropped 0.52%. Major tech stocks had mixed performances: Marvell Technology (MRVL.O) tumbled 10.28%, NVIDIA (NVDA.O) declined 4.57%, Intel (INTC.O) fell 2.85%, and Tesla (TSLA.O) dropped 1.71%. Gainers included Amazon (AMZN.O), up 3.97%, Alphabet (GOOG.O) gaining 1.74%, and Apple (AAPL.O) advancing 1.63%. All crypto-related concept stocks declined: MicroStrategy (MSTR) fell 7.34%, CRCL dropped 7.53%, Coinbase (COIN) declined 6.33%, BMNR fell 7.14%, SBET slid 7.66%, and PURR plunged 9.51%.

On the 28th, US President Donald Trump announced via a social media post that the United States has reached an agreement with Venezuela to gain "majority control" over more than 65 billion barrels of Venezuela's proven oil reserves. The two sides are collaborating with private enterprises to secure this majority control, with no costs borne by American taxpayers. Trump stated that the deal "will more than double U.S. oil reserves, significantly boost oil supply, and drastically lower U.S. gasoline prices for a long time to come." However, Trump did not disclose the specific details of the agreement, and the White House has not yet released an official statement on the matter.

Federal Reserve Chair Kevin Warsh said Friday at the Jackson Hole Global Central Bank Annual Symposium that while this summer’s inflation data has come in better than expected, it is insufficient to signal a “meaningful improvement” in underlying inflation trends. The Fed still needs to confirm that inflation will fall to its 2% target at a sufficiently rapid pace, otherwise “there is still work to be done.” Warsh stressed that taming inflation remains the Fed’s top priority. While he noted the U.S. economy appears to be strengthening, he did not directly hint at the policy decision for the September meeting. Following his remarks, U.S. Treasury yields climbed, gold prices dropped sharply at one point, and market bets on a Fed rate hike in September rose. CME FedWatch data shows traders now assign a 45.7% probability to a September rate hike, a notable jump from the previous day.

According to CNBC, Apple (AAPL.O) has recently raised prices for its Apple TV streaming service and Apple One bundle subscription plan in the U.S. market. Apple TV’s monthly fee increased from $12.99 to $14.99, while its annual fee rose from $99 to $119. The monthly fee for the individual Apple One package, which includes multiple services such as Apple TV, iCloud, and Apple Music, has also been adjusted from $19.95 to $21.95. Looking back, Apple TV’s monthly fee was only $4.99 when it launched in 2019. With this latest price adjustment, its pricing is gradually approaching that of its major competitors. This marks Apple’s second subscription service price adjustment in the near term. In July this year, Apple raised Apple Music’s monthly fee by $1, citing increased licensing costs.