South Korea's KOSPI index turned negative during intraday trading, dropping 1.4%, with SK Hynix falling more than 4.5%.

Trade.xyz plans to use $3.45 million in fee revenue to purchase HYPE tokens, with the total acquisition of 59,000 HYPE to be executed through 8 Time-Weighted Average Price (TWAP) orders.

Trade.xyz plans to allocate $3.45 million in fee revenue to buy HYPE, targeting a total of 59,000 HYPE tokens via eight TWAP orders.

According to Bitget market data, Hong Kong-listed artificial intelligence stocks continue to rally, with MINIMAX-W and Zhipu both surging over 15%, and GigaDevice rising 5.58%.

Pre-IPO perpetual contracts for Unitree on Trade.xyz have rallied sharply, briefly topping $83 and now trading at $81 (around 547 yuan), marking a 13.7% 24-hour gain. The corresponding post-listing market capitalization is roughly $32.8 billion (about 221.8 billion yuan). Per Unitree’s IPO issue price of 150.8 yuan per share confirmed yesterday, the stock is projected to deliver a 3.63x return for new investors post-opening. Unitree’s STAR Market IPO plans to issue around 40.45 million shares, representing 10% of its total share capital post-issuance. Each lot comprises 500 shares, with an estimated subscription payment of approximately 75,000 yuan per successful application. Based on Trade.xyz’s pricing, 500 shares are valued at 273,500 yuan, translating to a profit of roughly 198,500 yuan after deducting subscription costs.

Upbit to list KMNO/KRW trading pair. According to HTX market data, KMNO briefly hit $0.023, surging over 12% in 15 minutes.

After Robinhood Chain launched, its decentralized exchange (DEX) trading volume plummeted from a peak of roughly $878 million on July 11 to $241 million on August 1, marking a 72.5% drop. However, other core on-chain metrics rose across the board during this period: daily transaction count hit an all-time high of 13.3 million on August 5; total value locked (TVL) reached a record $433 million on August 6, while stablecoin supply also peaked at $597 million. The trading volume decline is not a market-wide trend: over the same period, total global DEX trading volume rose from $5.27 billion to $7.33 billion, while Robinhood Chain’s share of global DEX volume shrank from a peak of 16.65% to 4.32%. This points to a sharp contraction in average transaction value: DEX volume per transaction plummeted 74% from $105.56 on July 13 to $27.82 on August 4, before rebounding slightly to $39.07.