Hyperwhale Makes Over $10.6M in Profit on Shorting 1000 BTC with 3x Leverage

Beating AI News Brief: Under the guidance of the Criminal Investigation Bureau of China’s Ministry of Public Security, the "National Anti-Fraud AI" App developed by the Shanghai Municipal Public Security Bureau has officially launched. Users input suspicious situations they encounter, and the app will assess fraud risks, identify fraud patterns, then provide prevention advice and relevant cases. Authorities noted that the app leverages large language models, multimodal models, and agent technologies, but did not disclose the specific underlying base model. It is essentially an upgraded version of the "803 Anti-Fraud Agent". The Shanghai Anti-Fraud Center rolled out the "803 Anti-Fraud" service at the end of 2025, making it available nationwide, with core functions including intelligent Q&A, anti-fraud information, and an anti-fraud dictionary.

Affected by the US Labor Day holiday, stock markets in the United States and Canada will be closed for one day on Monday, September 7. Trading of precious metals and US crude oil futures contracts under the Chicago Mercantile Exchange (CME) will end early at 02:30 Beijing Time on September 8, while trading of its stock index futures contracts will conclude early at 01:00 Beijing Time. Trading of Brent crude oil futures contracts under Intercontinental Exchange (ICE) will end early at 01:30 Beijing Time on September 8.

According to GMGN market data, STONK, the token of Solana-based token launch platform StonkFun, briefly hit a market cap of over $138 million, marking an all-time high. It is currently valued at $122 million, with a 311% 24-hour gain and $54.7 million in trading volume over the same period. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.

Arbitrum co-founder Steven Goldfeder published a post noting that the market has a misunderstanding regarding ARB's supply, often counting tokens held by the DAO as part of locked supply. He explained that the unlock of tokens for ARB investors and team members is nearly complete, with all such tokens set to be fully unlocked by March next year. The portion of tokens yet to be unlocked currently accounts for approximately 7.7% of the total ARB supply. The Arbitrum DAO treasury currently holds 2.84 billion ARB, though these tokens are not traditional locked tokens—they are controlled by circulating token holders, and their transfer requires approval via a vote of other token holders.

According to data from the Fomo platform, trader Point Farm Capital (@pointfarmcap) tops the 24-hour profit leaderboard, logging around $5.001 million in 24-hour profits and holding an account asset value of approximately $6.527 million. The trader’s largest position is 35.1 million STONK, worth roughly $4.707 million, with a position return of 1008.21%. Additionally, they hold 6.9 million ZCAT valued at about $629,000, delivering a position return of 439.07%, plus 33.1 million CTO worth around $313,000, with a position return of 992.32%.

Robinhood-backed token issuance platform pair.fund announced in a statement that it has burned PAIR tokens worth over $5 million in total, emphasizing its goal of building a deflationary ecosystem.