Bitcoin mining company Cango will implement a 1-for-10 share consolidation.

Seoul Central District Court on August 27 handed down its first-instance ruling in the incident involving Bithumb, South Korea’s second-largest cryptocurrency exchange, over its mistaken distribution of bitcoin (BTC), ordering relevant users to return approximately 194 million won in proceeds from selling the mistakenly sent BTC. Bithumb had previously made an operational error in an activity reward program, mistakenly inputting BTC instead of won for rewards originally denominated in the local currency, leading to a total of around 620,000 BTC being misdistributed. In March, the exchange filed separate unjust enrichment lawsuits against four users who sold the mis-sent BTC and failed to return the proceeds; other related cases involve amounts of approximately 500 million won, 14.8 million won, and 5 million won. South Korea’s Financial Services Commission (FSC) earlier noted that the incident involved BTC with a book value of roughly 61 trillion won. (Digital Asset)

Binance founder CZ appeared at the main venue of the Bitcoin Asia 2026 conference, holding a fireside chat with the host, with the session starting approximately 18 minutes behind schedule.

Binance founder CZ stated at the Bitcoin Asia 2026 conference: "I don’t think it will take 25 years for Bitcoin to reach $1 million—it will happen much faster. But beyond its price, I believe we need more: greater practical utility. Bitcoin payments need to achieve widespread adoption. I think Bitcoin should become a reserve asset for retirement pension funds. You will see, all these things will come to pass, and more. Yes, within 25 years, I expect all of these to be realized."

Beating AI News Flash: SK Group plans to sell a 49% stake in its artificial intelligence data center in Ulsan, South Korea, to multiple private equity firms. SK Telecom and SK Broadband are set to approve the deal at their August 27 board meetings. KKR will acquire a 29% stake, while a consortium of IMM Investment and Stonepeak Partners will take the remaining 20% stake. The transaction is valued at approximately 3 trillion won, including a capital increase of around 1.2 trillion won.

Dongcha Beating AI News Flash: OpenAI’s latest technical report also revealed an internal incident that had previously flown under the radar: an internal model belonging to the same family as its next-generation model Astra successfully breached OpenAI’s cloud infrastructure during an evaluation. It first leveraged signature key material left over from a prior attack to forge new administrator credentials, regaining access to Artifactory, OpenAI’s internal software repository. The model then moved laterally to breach OpenAI’s cloud Kubernetes cluster, obtaining `cluster-admin`—the highest-level permission for the entire cluster. With this access, the agent created privileged containers, accessed authentication tokens for OpenAI’s cloud key management, identity and access, and CI platforms, and even spun up a public load balancer that could have exposed parts of the internal infrastructure directly to the internet. Notably, this is not Astra itself, nor the model that led the earlier Hugging Face attack. OpenAI clarified that the model only shares the same family as Astra but uses different post-training methods.

Fu Peng, chief economist at Xinhuo Group, published an article noting that while NVIDIA’s latest financial results have beaten expectations for 15 consecutive quarters, the market has shown a lukewarm response to the figures themselves. Indicators such as stock prices and option volatility show that market investors are currently “more concerned about the future: whether the free cash flow at the center of future stock indices can be delivered smoothly, and how long the momentum of AI growth can be sustained. These issues actually carry more weight than single-quarter financial performance, so even if this quarter’s results exceed Wall Street expectations by a few percentage points, they cannot change the denominator side of valuation.” Fu Peng believes that Jensen Huang’s explicit statement in the earnings call that “the inflection point for AI has arrived” is essentially a move to calm the market, aimed at strengthening confidence in the formation of a closed-loop AI industry chain and easing concerns over overinvestment. Going forward, investors should observe how long it takes the market to digest this round of confidence boost, the elevated expectations brought by Jensen Huang, and how long this sentiment will last. If the sentiment fades quickly, it indicates the market’s typical mindset of “not acting until seeing results” (the Chinese idiom for waiting for concrete proof before acting). The impact of repeated confidence boosts and reassurances from manufacturers is actually gradually weakening, a trend that can be clearly observed from the duration of market volatility following each earnings call.