Report: Rug Pull Incidents in the Crypto Space Have Decreased, but Their Impact Has Grown

Beating AI Express News: Xiaomi officially launched Xiaomi-TabLDM today, a general tabular data foundational large model. According to introductions, Xiaomi-TabLDM adopts a single pre-trained model with unified default configurations, which can directly adapt to different tabular datasets. It enables classification and regression predictions without requiring retraining, parameter tuning, or post-integration for each individual task. Xiaomi noted that the model is designed to lower the threshold for tabular data modeling, providing general foundational capabilities for structured data analysis and prediction across various scenarios.

Insight Beating AI Flash News: OpenAI has fully rolled out GPT-6 Astra to all Plus, Pro, and Business users. Yesterday, Astra was still in a phased rollout, leaving many Pro users unable to access it; today, both Plus and Pro users can use the model in ChatGPT Work and Codex. Core product lead Thibault Sottiaux noted that the team’s system scaling capability is stronger than expected, enabling them to complete this full rollout quickly. When Astra first launched, it was only available to a small number of enterprise customers. OpenAI originally planned a gradual rollout over several days, but after many paid users waited long for access, Sam Altman apologized for the "messy launch". Now the team says their system scaling is better than anticipated, so they fully opened access to Plus users early, with promised compensations delivered as scheduled. Eligible existing Plus, Pro, and Business users will receive one banked reset each on September 3 and 4. This is equivalent to a Codex full reset voucher that can be used manually later, refreshing both 5-hour and weekly limits. New accounts or plan upgrades made before 11:00 AM Beijing Time on September 5 will also qualify for this reset. While Plus users can access Astra, its limits are not generous. OpenAI currently estimates that Plus users can send roughly 5–45 Astra local messages every 5 hours, compared to 10–100 for GPT-5.6 Sol. Actual consumption depends on task length, inference intensity, and tool calls.

According to EmberCN’s monitoring, in June 2024, Curve founder Michael Egorov’s CRV lending position was liquidated, driving CRV’s price down 48% from $0.46 to $0.24. At the time, some large whales and institutions chose to sell off, while other funds took the opportunity to buy the dip. Notably, address 0x5dC6 purchased 20.86 million CRV at an average price of $0.32, holding onto the tokens even when CRV surged to $1.2 at the end of last year. EmberCN reports that this address took profits roughly an hour ago today, transferring all 20.86 million CRV (valued at around $7.33 million) to OKX at an average price of $0.35. Based on this sale price, the address has realized an approximate total profit of $530,000.

The community round public offering for Linera, a new public chain founded by former Libra employees, has been underway for nearly four days since its official launch at 14:00 UTC on September 1. To date, total funds raised stand at just $152,824. Compared to the official maximum fundraising cap of $8 million, current progress is less than 2%; it also falls far short of the $3.2 million minimum target. Market response has been lukewarm, with the community round generating far less hype than anticipated. The public offering will run until 14:00 UTC on September 8. On August 16, 2023, Layer1 blockchain Linera secured a $6 million funding round led by Borderless Capital. The new capital will be used to "expand the team, launch the protocol's devnet and testnet, build strategic influence in the Asia-Pacific region, and further develop its developer academy." On June 29, 2022, Layer1 blockchain Linera announced the completion of a $6 million seed round, led by a16z with participation from Cygni Capital, Kima Ventures, and Tribe Capital. Linera plans to use the funds to hire engineers and team members to build out its protocol.

Robinhood CEO Vlad Tenev stated in a post that tokenization enables global users to access high-quality financial assets, bringing the advantages of U.S. capital markets to more investors in a globalized manner. He pointed out that while the current tokenization industry remains smaller than the global financial system, its benefits are growing increasingly hard to ignore. Tenev noted that traditional financial market infrastructure is built around fixed trading hours, closed networks and multi-layered intermediaries, and was not designed to meet demands such as "7×24 trading, programmable assets, composability and self-custody". He added that investor needs have evolved faster than the iteration speed of traditional financial infrastructure, and Robinhood is committed to driving this change. Tenev also noted that a growing number of entrepreneurs, liquidity providers, traders and infrastructure teams are collaborating to advance the sector, though tokenized finance is still in its early stages, and full participation by traditional financial institutions in this field will take time.

Cross-chain protocol Router Protocol announced in a statement that after more than four years of development, it has decided to formally cease operations, with plans to complete a full shutdown by September 30, 2026. Router Protocol noted that over the past two years, Web3 has faced persistent tight liquidity, massive capital flows shifting to AI, while cross-chain infrastructure has encountered challenges including compressed fees, high operational costs, and industry demand concentrating on a small number of blockchains. The team had attempted to sustain the project through commercialization, technology licensing, and acquisitions, but none of these efforts resulted in a viable model to support the protocol team’s long-term operations. According to the announcement, during the shutdown process, Router will permanently burn the 303,333,198 pending ROUTE tokens in its treasury, and will coordinate with centralized exchanges to delist ROUTE trading pairs and related listings. Users holding ROUTE on exchanges must withdraw their assets by the deadlines specified in each exchange’s delisting and withdrawal arrangements. Additionally, Router Protocol will not launch any new initiatives related to ROUTE, and plans to open-source some of its technical components to preserve the engineering achievements accumulated over the past four years. The team stated that this shutdown is not the outcome it had hoped for, but it is currently the most honest and responsible choice for the community.