Meme Roundup: High-popularity memes collectively surged then pulled back, with Basecat hitting a new peak and its popularity reigniting.

Beating AI News Flash: After Tencent’s Hunyuan Hy4 preview launched on WorkBuddy, usage surged, leading to queuing issues. The joint project team of WorkBuddy and Hunyuan issued a notice stating that it is urgently scaling up the Hy4 preview inference cluster and will continue to dynamically add resources based on usage. Hy4 preview is Tencent’s new-generation flagship model released and open-sourced on August 28, with 770 billion total parameters, 49 billion activated per inference, and a 1 million-token context window. It was integrated with WorkBuddy, CodeBuddy, Yuanbao, and Ima on its release day, offering a two-week free trial on WorkBuddy and CodeBuddy. Just three days after launch, WorkBuddy has already faced queuing due to peak concurrent usage. The team noted that total high-end computing power and peak concurrent capacity remain limited, so queuing may still occur during some periods even after scaling. Temporary solutions include switching back to Hy3 or avoiding evening peak hours. The free trial period for Hy3 on WorkBuddy has been extended to September 30 at 23:59.

According to monitoring by TradingBeats (formerly Hyperinsight), the previously tracked "US Stock Market Winner" has largely exited its long positions in HYPE. The whale’s HYPE contract long positions have dropped from around 152,800 units to just 11.82 units, while its spot account holds only approximately 374.9 HYPE tokens. Its primary risk exposure has now refocused on US stocks. Currently, this whale holds a 20x fully leveraged long position of roughly 112,800 NVDA contracts, with a position value of about $24.495 million and an average entry price of $220.08. NVDA is trading at around $217.15, resulting in an unrealized loss of roughly $330,000 on the position, with a return of approximately -26.6%. The position was opened two days ago. Additionally, the whale has placed 169 sell orders around NVDA: 40 "position-reduction only" sell orders at $221.7 to $222.5, planning to reduce holdings by around 46,200 units, with a nominal value of approximately $10.267 million, covering about 41% of its current long position. Another 129 non-position-reduction sell orders are placed at $218.95 to $228.33, targeting the sale of around 192,500 units, with a nominal value of roughly $42.586 million. The number of these orders exceeds the whale’s current NVDA long position by approximately 70.7%. If the non-position-reduction sell orders are fully executed, the whale may shift to a short position after exiting its remaining NVDA long holdings. Currently, this whale is the largest NVDA holder on Hyperliquid. On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale operations from addresses, and delivering in-depth analysis for full visibility.

According to monitoring by TradingBeats (formerly Hyperinsight), U.S. forces struck two rocket launch sites on Iran’s Larak Island overnight, a development that sent international oil prices soaring in a gap-up move. WTI crude oil contracts (CL) on Hyperliquid are currently trading at $85.45, up roughly 3.2% in 24 hours. Geopolitical conflict-focused trader xm39, who has been closely tracked, adjusted positions in both crude oil and prediction markets amid this price swing. Between 7:32 and 8:00 AM today, its associated address added roughly 28,400 WTI short contracts against the market trend, with a transaction value of around $2.401 million. As oil prices continued to rise, the address closed out all 107,400 short contracts at 9:01 AM, with an average closing price of ~$84.86, booking a realized loss of approximately $131,500. Just about 10 minutes later, it flipped its trading direction from short to long. The address then sequentially bought roughly 64,700 WTI contracts, and currently holds a long position of ~$5.531 million at 20x full leverage, with an unrealized profit of ~$18,200, a margin return rate of around 6.6%, and a liquidation price of ~$64.88. Meanwhile, xm39 also continued to increase its geopolitical conflict bets on Polymarket. Between 7:43 and 7:51 AM today, it purchased a total of 274,500 Yes shares for the market question “Will the U.S. invade Iran before 2027” in three separate trades, executed at probabilities of 14%, 15%, and 16% respectively, for a total investment of ~$41,700. This round of purchases expanded its position in this prediction market by roughly 74.7%. Currently, xm39 holds a total of 642,300 Yes shares, with an accumulated cost of ~$127,100, at an average entry probability of 19.79%; the current market probability for the question is ~15.5%, resulting in an unrealized loss of approximately $27,600.

According to monitoring by TradingBeats (formerly Hyperinsight), two large ETH whale addresses have continued to add to their long positions from last night to this morning, purchasing a total of 23,245.3 ETH in perpetual contracts, with a trading volume of approximately $57.752 million and a weighted average execution price of around $2,484.4. As of press time, ETH is trading at $2,414.6. The two addresses currently hold a combined 60,036.2 ETH long positions, with a total position value of roughly $145 million, a weighted average entry price of about $2,480.8, and a combined unrealized loss of approximately $3.975 million. Whale address 0x0392: Between 00:07 and 00:36 today, it purchased 13,078.1 ETH in concentrated trades, with a trading volume of around $32.662 million. It currently holds 45,087.3 ETH long positions with 8x full leverage, valued at roughly $109 million, at an average entry price of $2,486.4, posting an unrealized loss of about $3.236 million, a return rate of -23.1%, and a liquidation price of approximately $2,251.2. Whale address 0x77dd: Between 18:31 and 22:38 last night, it bought 10,167.3 ETH, with a trading volume of around $25.09 million. It currently holds 14,948.9 ETH long positions with 12x full leverage, valued at roughly $36.1 million, at an average entry price of $2,464, with an unrealized loss of about $738,000, a return rate of -24.1%, and a liquidation price of approximately $2,144.8. On-chain perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale activities from addresses, and delivering in-depth analysis for full visibility.

Beating AI News: OpenAI core product lead Tibo announced that Codex has reached 25 million active users. To mark this milestone, OpenAI has once again reset usage quotas for all paid Codex and ChatGPT Work users, marking the second consecutive day of such resets. Yesterday, OpenAI had already reset quotas for all paid users due to issues with 8 categories of abnormal quota consumption. Tibo had noted at the time that the planned milestone celebration would be moved to the next day, as the reset button had already been pressed that day. The second reset arrived as scheduled today. Codex has seen rapid user growth: as recently as August 21, Tibo announced Codex had hit 20 million active users, alongside a one-time storable quota reset. Just 10 days after that announcement, the user base has grown by another 5 million. Tibo joked in closing: “More news from The Reset Company will be coming soon.”

Per monitoring by @lookonchain, Tectonic (@TectonicFi) on the Cronos network suffered an attack, resulting in losses exceeding $75 million. The attacker has bridged $6.29 million in assets to the Ethereum network and converted them into 2,592 ETH, while approximately $68.7 million worth of assets remain pending on Cronos. Currently, the Cronos network has suspended services.