Upbit to Suspend Deposit and Withdrawal Services for ONT, ONG, MBL Starting August 20

According to monitoring by TradingBeats (formerly Hyperinsight), two whales simultaneously launched TWAP buy orders for ETH contracts early this morning, with a total planned purchase of 25,000 ETH, valued at roughly $47.158 million. As of press time, the two orders have executed approximately 10,100 ETH worth $19.025 million, achieving an overall completion rate of 40.4%; the remaining 14,900 ETH, worth around $28.117 million, are still being processed. Breakdown by wallet: Wallet 0x66f planned to buy 18,000 ETH, with current execution at 43.6%; Wallet 0x1ee7 planned to buy 7,000 ETH, with current execution at 32%. Monitoring indicates both whales shifted to bullish positions on ETH after closing their prior short exposures. Wallet 0x1ee7 closed 5,000 ETH short positions early this morning, flipping from short to long; Wallet 0x66f, meanwhile, has closed its previous short position of approximately $19.69 million in SKHX, and now holds long positions in BTC and ETH.

Crypto.com announced it is launching tokenized derivatives tracking approximately 1,500 U.S. stocks and ETFs for eligible users in the European Economic Area (EEA) and other approved markets. The offering covers individual stocks including Apple, Nvidia, and Tesla, as well as gold and silver-related ETFs. The product has a $1 minimum trade requirement and supports 24/7 trading. These derivatives are pegged to the price performance of underlying assets, granting users price exposure rather than actual ownership of the securities. Accordingly, users do not hold shareholder rights such as voting, though they may receive adjustments corresponding to dividends per the product terms. The move signals crypto trading platforms are accelerating their expansion into traditional asset classes like stocks, while the tokenized securities market continues to expand.

According to Arkham’s monitoring, Bitwise has been steadily purchasing Hyperliquid (HYPE) recently and has not sold any HYPE tokens since last month. Since August this year, Bitwise has only conducted HYPE buying activities. Data shows that clients of Bitwise’s HYPE ETF cumulatively acquired more than $5 million worth of HYPE over the past week. Bitwise has previously launched investment products targeting Hyperliquid (HYPE) to provide HYPE exposure for institutional investors.

The South Korean government plans to independently develop a 100-qubit quantum computer by 2029, and aims to become a leader in quantum chip manufacturing by 2035. (Jinshi)

According to official announcements, B3 Labs, founded by former Coinbase team members, has launched B3IQ, an AI infrastructure platform. Users can purchase dedicated NVIDIA GPU servers via installment plans. The machines are assembled in the U.S. by Andromeda, an American AI system manufacturer in which B3 Labs has invested, and hosted at data centers in Oregon. When the devices are idle, their computing power can be rented out to networks, with revenue either applied to outstanding server payments or kept as income. Research teams from institutions including Stanford University, New York University, and Dartmouth College are already using the platform for cancer research and custom model training. B3IQ is planning to rapidly expand its inventory of U.S.-assembled NVIDIA GPU systems to meet growing demand.

According to a report by the Financial Times, Federal Reserve official Collins stated that escalating tensions related to Iran have exacerbated cost-of-living pressures, leaving low-income Americans struggling to make ends meet. She warned that the Federal Reserve may need to raise interest rates to curb inflation. Collins noted that businesses and households in the U.S. Northeast are being squeezed by inflation, which has exceeded the central bank’s 2% target for over five years. “I hear about price issues almost every time I talk to businesses,” she said. She added: “Among low- and middle-income households, I’m increasingly hearing about the challenges they face… such as struggling to make ends meet. Energy prices are truly unbearable, especially in our region.” Collins currently does not hold a voting seat on the Federal Open Market Committee (FOMC). She supported keeping interest rates steady in July, and views the current rate level as “slightly restrictive,” which “will lead to a gradual, sustained decline in inflation expectations.” However, she noted that if economic data indicates a need for a rate hike, she is willing to support raising rates as early as September. “I do believe economic conditions in the coming months may require tighter policy, and in that case, I am prepared to raise interest rates,” she said.