Leading optical communication stock LITE surges 10%, big whale that bought the dip two days ago logs 178% profit.

According to monitoring by TradingBeats (formerly Hyperinsight), the 0x0911 whale that opened a "buy ETH, sell BTC" pair position two days ago is still adding to its holdings. The nominal value of both legs has expanded from an initial ~$20 million to ~$29.38 million, a rise of ~46.9%. As of press time, the address holds a long position of 5,943.61 ETH worth ~$14.819 million, with an average entry price of $2,486.64, generating an unrealized profit of ~$39,000. It also holds a short position of 184.95 BTC worth ~$14.558 million, with an average entry price of $79,804, for an unrealized profit of ~$201,000. The sizes of both legs remain roughly balanced, with a total unrealized profit of ~$241,000. When the position was opened on August 25, BTC outperformed ETH by ~2.2 percentage points in the prior 24 hours, and the average execution price of the two TWAP trades corresponded to a BTC/ETH ratio of ~32.20. The current BTC/ETH ratio has dropped to ~31.57, a decrease of ~2% from that level. Currently, both the ETH long and BTC short positions are generating unrealized profits: if the BTC/ETH ratio continues to decline, the pair position will keep benefiting; if it rebounds back to around ~32.20, the existing unrealized profit will face a pullback, excluding transaction fees and funding rates for now. Previous news: BTC/ETH ratio falls back to 32.2, how does the $20 million whale expect the ratio to move?

Data shows that despite ongoing geopolitical tensions between the U.S. and Iran, shipping volumes through the Strait of Hormuz have seen a slight rebound. Kpler data indicates that 10 tracked commodity transport vessels passed through the Strait of Hormuz on Wednesday, a minor increase from 8 on Tuesday, but still below the 10-day moving average of around 15 vessels. Two medium-sized product tankers, one liquefied petroleum gas (LPG) carrier, one Panamax tanker, and three handysize tankers entered the Strait of Hormuz from the Gulf of Oman. One medium-sized product tanker, one bitumen carrier, and one bulk carrier exited the waterway from the Gulf side. Meanwhile, shipping volumes through another key waterway, the Bab el-Mandeb Strait, slowed for the second consecutive day. Kpler data shows that a total of 19 commodity transport vessels transited the Bab el-Mandeb Strait on Wednesday, including 6 exiting tankers, one of which is a very large crude carrier (VLCC). The total number of transiting vessels was lower than the 24 recorded the previous day.

Beating AI Express News: Zhipu AI’s flagship model GLM-5.3 will be open-sourced at 10 AM Beijing Time on August 28. GLM-5.3 was already launched on Coding Plan on August 14, with its API opened shortly after. The model weights are finally available for download tomorrow, two weeks behind schedule, for a specific reason. Zhipu AI stated that GLM-5.3’s cybersecurity capabilities improved “faster than expected” during post-training, with the model not only becoming more adept at identifying vulnerabilities but also learning to plan full multi-step exploit chains. The official thus conducted security assessments and hardening work before releasing the weights. In official evaluations, GLM-5.3 scored 84.5% in the vulnerability detection test CyberGym, slightly higher than Mythos 5’s 83.8% and GPT-5.6 Sol’s 83.6%. On ExploitBench, a test focused on attack exploitation, its score jumped from 24.4% for GLM-5.2 to 54.4%—though it still lags far behind Mythos 5’s 78.0%. Zhipu AI added that the model has already found 2,436 vulnerabilities across 269 open-source projects, with 1,097 classified as critical or high-severity. GLM-5.3 retains the same base model as GLM-5.2, with all performance improvements coming from post-training.

According to crypto KOL Kunlun Xing, Binance founder CZ attended the offline "Binance Life" book meetup in Hong Kong, setting up a stall to sell books on site. He actively chatted with book buyers, noting he accepts payments in Hong Kong dollars or RMB, remained down-to-earth throughout while interacting with attendees, and even said "Thank you for your purchase". Additionally, CZ will attend the Bitcoin Asia 2026 conference today, scheduled to take part in an interview from 15:00 to 15:30 on the topic of "The Bitcoin Century".

According to Bitget's market data, the share price gain of Hong Kong-listed Zhipu has widened to 10%.

Beating AI Express News: Bill Gates Rarely Publicly Backs Anthropic CEO Dario Amodei. Gates pointed out that recent AI advances have far exceeded his expectations. After thoroughly studying Claude Code this year, even in programming—an area he is familiar with—he was shocked: “Many of these AIs are already better than me in many aspects.” He warned that AI could sweep across industries, causing mass unemployment; an even more extreme risk is that a small number of people could design new pathogens using advanced AI. Dario has long publicly warned about AI risks. This year, he clashed openly with the Pentagon over his insistence on restricting Claude from being used for large-scale domestic surveillance and fully autonomous weapons lacking reliable safeguards. His warnings have also strained his relations with the White House and many in the tech industry. Gates said bluntly: “People are attacking the person who is most willing to openly talk about negative risks.” He then shifted his criticism to the entire AI sector. He noted that those who truly understand AI’s capabilities are privately “very worried,” but many executives are reluctant to admit this publicly because the industry still has “the next trillion-dollar” in financing to pursue. He argues that huge commercial interests are leading the industry to actively downplay risks. Gates believes corporate self-regulation can no longer be relied on. He advocates establishing domestic and international AI regulatory systems, including mandatory reviews of high-risk capabilities that could be used to create new pathogens; designating some roles as “Human Reserved Positions” that must be performed by humans; and imposing taxes on AI tokens and robots to slow the pace of machine replacement of humans, using the tax revenue to support the unemployed.