Bitwise continues to increase its holdings of HYPE, purchasing over $5 million worth of the token in the past week.

Goldman Sachs TMT trading expert Peter Callahan noted that post this earnings season, the AI narrative within the software sector is shifting. Previously, the market was more concerned that generative AI would erode the moats of traditional software firms, but the data infrastructure and developer tools space has begun shifting from "AI headwinds" to "AI tailwinds", with companies like Cloudflare, Palantir, Datadog, Twilio, and Atlassian drawing increased attention. By contrast, whether traditional SaaS application companies can build an equally clear AI monetization logic remains to be seen. The underlying shift is that AI commercialization is expanding from model training to inference, AI agents, and automated applications. Cloudflare disclosed that non-human traffic has already surpassed human traffic, and projected that if the current trend continues, machine-generated network requests will grow rapidly. This means AI is not necessarily just a disruptor to software firms: for platforms that host data, APIs, network traffic, security, and developer tools, the growing number of AI agents and their call frequency could in itself become a new source of demand. As a result, a clear divide is emerging in the software industry: whether AI is a net positive increasingly depends on whether a company operates at the application layer or the infrastructure layer, and whether it can monetize directly from the growth in AI traffic. (Jin10)

Harmony issued a statement announcing that it has suspended its cross-chain bridge service due to today’s security incident, and ordered all validators to immediately upgrade to the latest patch. The patch can prevent further unauthorized token minting, the project said, with additional updates to follow to address the tokens that have already been minted. In addition, Harmony has requested all cryptocurrency exchanges to block and freeze funds linked to four relevant wallet addresses. Earlier reports confirmed that Harmony suffered another security breach today. On-chain analysis shows the project was likely hit by an empty block vulnerability attack, with the attacker minting around 4 billion ONE tokens without authorization—equaling roughly 26% of the current total supply. About 2.8 billion of these tokens were subsequently transferred to exchanges, triggering notable selling pressure on the market. As a result, ONE’s price was cut in half intraday.

According to data from Bitget, the Nikkei 225 index closed up 553.84 points, or 0.83%, at 67,524.06 points on Wednesday, August 12. South Korea’s KOSPI index rose 233.51 points, or 3.68%, to close at 6,579.04 points on the same day, with chip stocks surging notably: Samsung Electronics gained 6.68% and SK Hynix rose 5.54%.

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.

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)