Tectonic Suffers Over $75 Million Loss From Attack, Cronos Network Suspends Services

According to TASS, Anatoly Popov, deputy chairman of Russia's Sberbank, said Russia's cryptocurrency trading volume is expected to top 4 trillion rubles (around $464.3 billion) in its first year, and could hit 7.5 trillion rubles (about $870.6 billion) by 2029. Popov noted that data from Russia's Ministry of Finance shows as of February this year, Russia's daily cryptocurrency trading volume was roughly 50 billion rubles, translating to an annual volume of about 18 trillion rubles. SberCIB investment research analysts, taking a more conservative stance, project that after cryptocurrency is legalized, roughly 20% of the annual trading volume — equivalent to 3.5 trillion to 4 trillion rubles — will be executed on trading platforms in the first year. This figure is forecast to rise to between 4.75 trillion and 5.25 trillion rubles by 2028, and reach 7.5 trillion rubles by 2029.

According to data from Bank of America, crypto funds recorded $3.2 billion in inflows last week, the largest single-week inflow since October 2025.

Beating AI News: OpenClaw’s last major version launched in mid-July, with no new official major release in the nearly seven weeks since. Previously, the project updated roughly every two days on average, a pace that has now slowed significantly. Today, the OpenClaw development team rolled out a new version dubbed "OpenClaw 2.0", marking the project’s largest update to date. A total of 933 developers participated, merging over 16,000 pull requests (PRs) — accounting for roughly half of all PRs merged in the project’s history. The update focuses on lowering the barrier to entry: during installation, it automatically detects existing ChatGPT, Claude subscriptions, API keys, and local models on the user’s device, reducing manual configuration. The browser-based interface has also been revamped, enabling direct chatting, task resumption, session management, and support for multiple users to join or take over the same task. The update also covers messaging, memory, Skills, models, automation, plugins, security, and native apps. Over the past 230 days, OpenClaw released 106 versions. The team acknowledged that the previous rapid release pace outpaced its underlying architecture and release processes. Moving forward, OpenClaw will continue to reduce its update frequency.

UK major banking group Barclays projects the Federal Reserve will raise interest rates by 25 basis points each in September and December this year, reversing its earlier expectation that the Fed would hold rates steady.

Beating AI News Flash: After Tencent’s Hunyuan Hy4 preview launched on WorkBuddy, usage surged, leading to queuing issues. The joint project team of WorkBuddy and Hunyuan issued a notice stating that it is urgently scaling up the Hy4 preview inference cluster and will continue to dynamically add resources based on usage. Hy4 preview is Tencent’s new-generation flagship model released and open-sourced on August 28, with 770 billion total parameters, 49 billion activated per inference, and a 1 million-token context window. It was integrated with WorkBuddy, CodeBuddy, Yuanbao, and Ima on its release day, offering a two-week free trial on WorkBuddy and CodeBuddy. Just three days after launch, WorkBuddy has already faced queuing due to peak concurrent usage. The team noted that total high-end computing power and peak concurrent capacity remain limited, so queuing may still occur during some periods even after scaling. Temporary solutions include switching back to Hy3 or avoiding evening peak hours. The free trial period for Hy3 on WorkBuddy has been extended to September 30 at 23:59.

According to monitoring by TradingBeats (formerly Hyperinsight), the previously tracked "US Stock Market Winner" has largely exited its long positions in HYPE. The whale’s HYPE contract long positions have dropped from around 152,800 units to just 11.82 units, while its spot account holds only approximately 374.9 HYPE tokens. Its primary risk exposure has now refocused on US stocks. Currently, this whale holds a 20x fully leveraged long position of roughly 112,800 NVDA contracts, with a position value of about $24.495 million and an average entry price of $220.08. NVDA is trading at around $217.15, resulting in an unrealized loss of roughly $330,000 on the position, with a return of approximately -26.6%. The position was opened two days ago. Additionally, the whale has placed 169 sell orders around NVDA: 40 "position-reduction only" sell orders at $221.7 to $222.5, planning to reduce holdings by around 46,200 units, with a nominal value of approximately $10.267 million, covering about 41% of its current long position. Another 129 non-position-reduction sell orders are placed at $218.95 to $228.33, targeting the sale of around 192,500 units, with a nominal value of roughly $42.586 million. The number of these orders exceeds the whale’s current NVDA long position by approximately 70.7%. If the non-position-reduction sell orders are fully executed, the whale may shift to a short position after exiting its remaining NVDA long holdings. Currently, this whale is the largest NVDA holder on Hyperliquid. On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, tracing whale operations from addresses, and delivering in-depth analysis for full visibility.