BSC token TUT sees unusual price swings: after surging over 200% in a single day, it plunged 44% in nearly an hour, with futures liquidations spiking sharply.

Decentralized exchange Paragon, under HIP-3, has acquired the code of Cambricon (CAMBRICON) for 580.97 HYPE, and may launch Cambricon perpetual swap contracts in the coming days. Cambricon is a Chinese AI chip design company primarily engaged in the R&D, design and sales of core AI chips. Its products cover cloud intelligent chips and accelerators, edge computing chips, IP licensing and basic system software, targeting AI training and inference scenarios, and providing computing power support for servers and industries including internet, finance, transportation, energy and manufacturing.

Today, sharp price swings in the TUT token led to $36 million in liquidations within an hour, sparking widespread market debate. The token has posted $570 million in spot trading volume and $2.5 billion in futures trading volume across the network in the past 24 hours. According to monitoring by Yu Jin, on-chain activity for TUT is mostly limited to transfers between major centralized exchanges (CEXs) by market makers or token controllers. The recent trend has seen TUT flowing from Binance to Bitget: over the past day and a half, 160 million TUT tokens, accounting for 20% of the total supply, have entered Bitget.

Moore Threads announced that its board of directors has reviewed and approved proposals related to the issuance of H shares and listing on the main board of the Hong Kong Stock Exchange (HKEX). The Chinese domestic semiconductor firm plans to issue overseas listed foreign shares (H shares) and apply for listing on the HKEX main board, and will select an appropriate timing and issuance window to complete the offering and listing within the validity period of the shareholders' meeting resolution or other periods extended with shareholder consent. The offering still requires review by the shareholders' meeting, as well as filing, approval and/or authorization from relevant government and regulatory authorities. Specific details have not been finalized yet, and there is significant uncertainty over whether the offering can be implemented. Moore Threads focuses on the independent R&D and design of full-function GPUs (General-Purpose Graphics Processing Units).

Per an official announcement, Binance Alpha will roll out an airdrop for DAppOS (DOS) on August 10. Eligible users can claim the airdrop via the Binance Alpha event page using their Alpha points once trading opens.

Bifrost tweeted that at 19:47 Beijing time on August 8, hackers exploited a liquidity pool vulnerability to steal assets worth approximately $720,000 from the vDOT single-asset pool, as well as the vASTR/ASTR and vMANTA/MANTA pools. The stolen assets were later deposited into HitBTC before ultimately flowing into Binance. Bifrost has since contacted Binance’s security team to submit a fund freeze application, and has filed a report with law enforcement along with an on-chain evidence package including transaction traces, wallet addresses and timestamps. The project has suspended all liquidity mining rewards and initiated a full security audit.

BTCPay Server has issued an emergency security advisory, stating that all versions prior to 2.4.2 (including the 2.4.2 release candidate) contain a critical vulnerability that has been actively exploited by attackers, resulting in user funds being stolen. The vulnerability allows unauthenticated remote attackers to obtain LND (Lightning Network implementation) .macaroon credential files, enabling them to take control of LND nodes and transfer funds. The official has confirmed the vulnerability was exploited to cause user fund losses, and urges all LND users to immediately upgrade to BTCPay Server 2.4.2 and LND 0.21.1. BTCPay Server’s on-chain wallets themselves are not affected. The official has not yet disclosed the exact amount of stolen funds. Public information shows that BTCPay Server is a free, open-source, self-hosted Bitcoin payment processor, focused on providing fee-free, non-custodial Bitcoin payment solutions for sovereign individuals and businesses. Core protocol contributors estimate there may be hundreds of thousands of BTCPay Server instances running globally, with over 1 million downloads from its main GitHub repository.