A crypto whale opened a 4x long position worth $10.7 million on HYPE, with a liquidation price of $64.47.

BitMEX co-founder Arthur Hayes has issued a reminder that Flop Labs has not yet released its FLOP token, nor is there any presale or meme coin associated with the project. Hayes noted that FLOP is not officially live, and cautioned the community against mistaking related tokens circulating in the market for official assets. He added that Flop Labs plans to launch an airdrop in the coming months and roll out its mainnet next year. Earlier public information showed the project had previously targeted a large-scale airdrop in Q4 2026, with the mainnet genesis block set for Q1 2027. Hayes had earlier announced he would lead Flop Labs, which is designed to build economic infrastructure for AI Agents, with FLOP serving as the native asset for AI Agents to pay for resources such as computing power and storage.

After the U.S. Treasury expanded its long-term U.S. Treasury bond repurchase operations, the 30-year U.S. Treasury yield fell from a 19-year high of 5.34% to around 5.19%, while Bitcoin rose roughly 25% in several days, briefly topping $79,000. Around $4 billion in cryptocurrency short positions were liquidated during this period, further amplifying the rally. The U.S. Treasury had earlier announced it would raise the size of its longest-dated Treasury repurchase operations from $2 billion per operation to $4 billion. Analysts noted that this operation is not equivalent to the Federal Reserve’s quantitative easing (QE); its main function is to improve the liquidity of older bonds and optimize the debt structure, but the market views it as a policy support signal for long-term U.S. Treasury yields. Analysts believe the key driver of Bitcoin’s recent rally is not the repurchase operation itself, but the market’s prior over-concentration of short positions. As long-term U.S. Treasury yields fell, short sellers were forced to cover their positions, triggering a powerful short squeeze. Meanwhile, U.S. spot Bitcoin ETFs saw a net inflow of around $650 million this week, and Trump once again urged Congress to advance the CLARITY Act, further boosting market risk appetite. Jeff Ko, chief analyst at CoinEx, said the key now is whether Bitcoin can hold its 200-day moving average around $69,000 and turn it from resistance into support. Market participants also warned that if the 10-year U.S. Treasury yield re-breaks above 4.7% and the 30-year yield approaches 5.3%, Bitcoin’s current breakout could face renewed tests. Bitcoin has now broken above its 200-day moving average and continues to rise; the next phase of the market will focus on whether it can sustain its rally in a high-yield environment.

Strategy currently holds 840,447 Bitcoin, with a total cost of $63.36 billion and an average entry price of $75,385. At Bitcoin’s current price of $77,430, the company’s Bitcoin holdings now have an unrealized profit of $1.7187 billion.

The Sandbox officials announced that the team has confirmed and fully contained the recent SAND cross-chain bridge vulnerability incident, which involved the Base and BNB Smart Chain (BSC) networks. The incident’s impact is limited, with the number of tokens involved accounting for less than 0.01% of SAND’s total supply. SAND on Ethereum and Polygon remains unaffected; user wallets were not compromised, and no action is required for affected token holders or liquidity providers. Attackers minted unbacked SAND tokens on Base and BSC networks via the vulnerability, per disclosures. Currently, The Sandbox has shut down SAND cross-chain functionality on both networks. SAND on Base and BSC has been isolated and is temporarily non-transferable or non-exchangeable. The Sandbox reminds users not to buy, sell, or trade SAND on Base and BSC, as liquidity on these networks has been impacted. The team has completed a pre-incident snapshot, is developing a compensation plan for affected liquidity pool (LP) users, and continues to investigate the full scope of the vulnerability. A full incident report and technical post-mortem will be released later.

Tesla has announced on social platforms that it will hold the Cybercab launch event on September 3, 2026, in Austin, Texas, United States. The automaker’s self-driving electric Cybercab officially entered production in North America this April, and the vehicle is AI-powered, with no steering wheel, pedals, or rearview mirrors.

According to MaxForAI's disclosure, Gao Jianlin, a core lead in Tencent's chip research and development, recently left the tech giant to launch a startup focused on high-performance AI servers and Agentic AI, with plans to develop high-performance CPUs based on the RISC-V architecture. Gao is widely regarded as one of the early core drivers of Tencent's in-house chip ecosystem. Public records show he formed Tencent's FPGA hardware team in 2013, began laying the groundwork for AI chip R&D in 2018, established Penglai Lab in 2020, and spearheaded the development and data center deployment of multiple AI chips for Tencent. Unlike the currently fiercely competitive AI GPU market, Gao's new venture will center on CPUs. Gao believes that as Agentic AI advances rapidly, AI inference processes will involve model calls, tool execution, searches, database interactions, and extensive task scheduling, making CPUs take on a more critical scheduling and control role in AI systems. Reportedly, Gao was already involved in RISC-V-related R&D during his tenure at Tencent, contributing to multiple technical areas including chip architecture, verification, and backend development. His new company plans to build high-performance server CPUs based on the open RISC-V instruction set to enter the AI infrastructure market. To date, the startup's name, financing details, and specific product launch timeline have not been made public. The market is closely watching whether it will emerge as another key player in China's AI chip space targeting server CPUs and agent infrastructure.