A newly created crypto address built a position of 57,000 HYPE tokens, valued at approximately $3.36 million.

CryptoQuant analyst Axel Adler Jr. released an analysis showing on-chain data that Bitcoin’s long-term holder cost base stands at $49,400, with a current price multiple of 1.3x. Bitcoin has spent 78 consecutive days in the low-risk zone between the long-term holder cost base and 1.5x that level, where the 1.5x threshold corresponds to a price of roughly $74,100. Long-term holder supply currently sits at 16.35 million BTC, just 58,000 BTC below the all-time high of 16.41 million BTC recorded on July 30. Only two days of supply decline have been seen in the past 15 days, indicating the group’s selling frequency has nearly hit its lowest level. The analyst noted these two signals together point to: valuation remaining low relative to the long-term holder cost base, and long-term holders showing almost no sustained selling signs. He emphasized this combination is a “constructive supply structure” but does not alone constitute an independent signal that a new rally has begun. Current conditions show long-term holders as a whole are still in unrealized profit (price is roughly 30% above the cost base), and the market remains in the lower end of its historical valuation range. However, for a new uptrend to unfold, further confirmation from both demand and price sides is needed. If the price falls below $49,400, long-term holders will collectively shift into unrealized loss, entering a lower-risk zone from a valuation perspective, but meaning significantly rising pressure on long-term holders from a market condition standpoint.

South Korea's Gwangju Metropolitan Police Agency Cyber Crime Investigation Unit announced today that it has detained and referred three suspects, including a 60-something-year-old identified only as A, on fraud-related charges. The gang is suspected of defrauding more than 100 elderly people aged 70 to 80 of a total of about 500 million won between November 2024 and the recent period, under the guise of virtual asset investments. Investigations show the gang set up offices in Seoul, Gwangju, Gunsan (North Jeolla Province), and other locations. It targeted elderly people with limited knowledge of virtual assets via on-site information sessions, using false promises such as "guaranteed principal" and "potential returns of over 10 billion won". The police launched their investigation in March this year following a tip-off from an investment briefing in Gwangju's Western District, arresting suspects one by one by tracing financial transaction flows. The police believe there are still undisclosed victims, are expanding the investigation scope, and remind the public to stay vigilant against investment offers promising guaranteed principal and high returns.

South Korea's Korea Communications Standards Commission (KCSC) held a meeting of its Communications Deliberation Subcommittee today, ruling that overseas prediction market platform Polymarket offered illegal gambling and decided to implement access blocking measures against it. The commission determined that Polymarket's business model is based on outcomes of events beyond users' control, such as politics, sports, elections, and weather, and uses a "winner-takes-all" profit-loss structure that fuels speculative sentiment. The platform operator is responsible for market establishment, trading rule setting, and overall operation and management, providing virtual asset acceptance and settlement systems, effectively creating an environment for collecting and delivering user funds, and earning profits by charging fees on share transactions—violating South Korea's Criminal Act and the National Sports Promotion Act. Polymarket had argued that the platform operates on non-custodial peer-to-peer transactions and smart contracts, and does not directly raise funds, manage funds, or issue sports promotion voting rights. However, the commission responded that technical characteristics such as whether it offers Korean language services, decentralized technology, or centralized trading interfaces cannot be used as grounds to evade the application of South Korea's domestic laws. Given that the platform has actually provided illegal gambling to South Korean users, access blocking is unavoidable to protect domestic users.

According to HTX market data, HYPE has rebounded to break through $60, surging more than 17% from its phase low of $51.11.

Huobi HTX’s "Sixth Master" issued a statement responding to community feedback that some addresses received small transfers from HTX. The platform’s official team has noted the relevant situation and immediately launched an internal verification. It is now confirmed that HTX’s official has not conducted any related transfers or test operations. The specific source and cause of these transfers are under further investigation; multiple possibilities including address tagging and on-chain transfer source identification cannot be ruled out. No speculation will be made until facts are confirmed. Huobi HTX takes issues concerning user account and asset security seriously, and will clarify the matter as soon as possible. Any further confirmed information will be promptly shared with the community to provide users with a clear explanation.

TrendForce released data showing that in Q2 2026, the combined revenue of the world’s top five NAND flash manufacturers reached $68.87 billion, up 77% quarter-on-quarter, driven mainly by surging enterprise SSD demand fueled by AI servers and higher contract prices. Samsung Electronics reported revenue of $23.06 billion, up 70.7% quarter-on-quarter, retaining the top spot, though its market share fell from 31.6% to 29.3% as competitors grew faster. SK Hynix posted revenue of $14.27 billion, up 89.5% quarter-on-quarter, holding second place. Expansion of its 321-layer process and growing demand for high-capacity QLC enterprise SSDs lifted its market share from 17.6% to 18.2%. Micron, with a 99.2% revenue growth rate—the fastest among the top five—generated $11.85 billion in revenue, its market share rising from 13.9% to 15.1% as it overtook Kioxia to claim third place. Kioxia’s revenue stood at $10.72 billion, up 79.9% quarter-on-quarter, with its market share slightly dipping to 13.6%. Sandisk saw revenue growth of only 50.7%, the slowest among the top five, and its market share dropped from 13.9% to 11.4%. TrendForce projected that enterprise SSD demand for AI servers will remain robust in Q3, while major NAND manufacturers are concentrating investments on DRAM and HBM, resulting in limited new NAND supply. The upward price trend is expected to continue driving further growth in the industry’s overall revenue.