Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

Decentralized lending protocol Ajna tweeted that its v2 version was hit by a vulnerability exploit, and the team is investigating abnormal fund flows. The protocol advised users to withdraw all funds, repay outstanding loans, and halt interactions with the platform. Separately, Defimon Alerts monitored that Ajna’s losses from the incident total around $775,000, involving pools including syrupUSDC, wstETH, rETH, cbETH, WBTC, WETH/USDC, and sDAI. The attack is attributed to a liquidation accounting manipulation exploit.

According to the official WeChat account *Computing Power Heart*, Bitmain launched two new water-cooled mining rigs at the World Digital Mining Summit (WDMS) in Hong Kong. The flagship S23 XP Hyd has a hash rate of 600 TH/s, an energy efficiency ratio of 8.9 J/T, and a total power consumption of 5,340W. Its futures unit price is $25.5 per TH/s (totaling $15,300 for the full unit), with deliveries scheduled between November 2026 and January 2027. The 2U rack-mounted S23e U2H, designed to fit modified standard IDC cabinets, features a hash rate of 865 TH/s, an energy efficiency ratio of 10 J/T, a promotional unit price of $11 per TH/s, and a total price of $9,515.

Jiang Zhuoer, founder of BTC mining pool B.TOP, posted that Bitcoin ETFs recorded net outflows on Friday, ending a 9-day consecutive inflow streak. Against the backdrop of Fed Chair Waller’s hawkish remarks, BTC will face its first test since the recent rally. Jiang also confirmed he sold 50% of his spot ETH positions during Friday’s price decline.

South Korea’s five leading crypto centralised exchanges (CEXs) — Upbit, Bithumb, Coinone, DigitalX, and GOPAX — posted a total trading volume of around 31.1 trillion won (approximately $23 billion) in the week of August 21–28. This represented an 188.04% week-over-week surge from the prior week’s 10.8 trillion won, hitting the highest level in nearly 10 months since late October 2025. In terms of market share, Upbit retained the top spot with 59.61%, while Bithumb ranked second at 33.11%. The rebranded DigitalX (formerly Korbit) saw its market share rise sharply by 3.477 percentage points to 4.21%, surpassing Coinone (3.05%) to claim third place, notching the platform’s highest market share in nearly 20 weeks.

Hyperliquid HIP-4 permissionless deployments are now live, with the first HIP-4-based outcome DEX, "OUT", fully deployed. Per Hyperliquid’s developer documentation, HIP-4 enables deployers to permissionlessly create YES/NO or multi-outcome markets using templates approved via validator votes.

At the "AI × New Finance – Global Innovation Tour Hong Kong Stop & Yangtze River Star Cluster Plan Launch Conference", Zhang Dayong, co-founder and CEO of Obita, stated that AI is compressing tasks such as contract drafting, coding, and business decision-making to seconds or even less, while traditional cross-border payments still take T+1 to T+7. This efficiency gap will drive a restructuring of payment infrastructure. Zhang noted that blockchain and compliant stablecoins can reduce multiple intermediary banks in traditional cross-border payments, enabling near-real-time fund settlement. On-chain stablecoin transactions reached approximately $33 trillion in 2025, yet the proportion actually utilized for the real economy remains low. The key focus for the next phase is addressing compliance, security, and enterprise adoption to let stablecoins truly enter cross-border trade.