A crypto whale bought 1,768 Bitcoin during the last bull market, and after weathering the full bull-bear cycle, has opted to implement partial stop-losses.

According to Bitget market data, Hong Kong-listed Lenovo Group continued to rally in the afternoon session, surging over 20%. Earlier, Lenovo released its financial results at noon: adjusted net profit attributable to equity holders rose 176% year-on-year in the first fiscal quarter, while AI-related business revenue increased 60% YoY to 63.4 billion yuan, hitting a record high. Citigroup analysts including Kyna Wong noted in a report that the results significantly exceeded expectations across the board, further reinforcing the AI-driven structural growth thesis.

According to News1, South Korea’s Mirae Asset Group will inject 50 billion won (approximately $36 million) into crypto exchange Korbit via a third-party private placement capital increase. The round will issue around 10.0786 million new common shares priced at 4,961 won each, all allocated to majority shareholder Mirae Asset Group, which currently holds a 97.15% stake. The payment deadline is August 27, with the funds earmarked mainly for improving Korbit’s financial structure and operating capital. Earlier, Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, announced it had acquired a 91.73% stake in South Korean crypto exchange Korbit on July 22, with plans to purchase the remaining 5.42% stake on July 24. The transaction will bring Mirae Asset Group’s total holding in Korbit to 97.15%, with the full acquisition valued at approximately 141.367 billion won (around $102 million).

According to on-chain analyst Ai Yi (@ai_9684xtpa), the hacker group Lazarus Group is making large-scale BTC transfers: 2 hours ago, it moved 262.2 BTC to a new address, worth $16.64 million, likely intending to launder the funds; currently, the group still holds over $73.06 million in on-chain assets, primarily in BTC, USDT and ETH.

SpaceX’s shares surged 9.7% on Wednesday, closing at roughly $146.15, bringing its rally to about 40% from the low hit on August 3. Analysts cited factors driving the rebound, including Elon Musk’s emphasis on the company’s AI strategy, the launch of its latest Grok 4.6 model, and a large exodus of short-selling capital earlier. Per data from S3 Partners, as of Wednesday, SpaceX’s short positions accounted for around 11% of its publicly traded shares, down sharply from the 34% peak last week. Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, noted: “Short-selling funds have run out of ammunition. After all, there is a limit to how much capital can be deployed in a single trade.” As shares rebounded, some short sellers have started covering their positions. Short sellers must repurchase shares they had borrowed and sold to close out their positions, and this buying pressure could further amplify the rally. It is worth noting that, per the company’s prospectus, around 319 million shares are expected to become tradable on August 20, with nearly 700 million shares each facing lock-up expirations in September and October respectively. SPCX may see renewed stock price volatility around those dates.

NVIDIA CEO Jensen Huang stated that A100 GPU clusters will remain available from 2020 through 2029, emphasizing that the core value of NVIDIA’s computing platform lies not only in the chips themselves but also in CUDA—a unified platform for developers and NVIDIA engineers that enables Ampere, Hopper, and Blackwell architectures to receive continuous upgrades over their lifecycle. He further explained that CUDA boosts the versatility of NVIDIA’s computing power, and greater versatility increases its substitutability; in turn, higher substitutability drives higher utilization and extends service life, positioning NVIDIA’s computing power as a productive asset with the characteristics of being rentable, durable, and financeable. Earlier news reported that CoreWeave extended its NVIDIA A100 lease through 2029.

This guy bought 1,768 $BTC ($131.91M) at $74,603 before the bull run, but missed the best time to sell. At the peak, he was sitting on $91M in unrealized profit. Now, he's down $19.7M. He now seems to be giving up, depositing 114 $BTC($7.24M) into #Kraken, likely to sell.