The third-largest ETH long on Hyperliquid, dubbed the "20x ETH leverage whale", added 5,088 ETH to its long position in the early hours of the morning.

Insight Beating AI Flash News: MiniMax’s stock price surged over 19% at one point today, currently trading at HK$357.8, with its total market capitalization rising to HK$124.956 billion. Since hitting a low of HK$186.2 on July 27, the stock has rallied 92.15% in roughly one month. Earlier reports stated that at MiniMax’s 2026 mid-year results conference, the firm disclosed that token consumption in July reached 20 times the level in January, Q2 revenue grew 81.8% quarter-on-quarter versus Q1, and August annual recurring revenue (ARR) further rose to over US$800 million. MiniMax’s first-half revenue totaled US$117 million, up 283.1% year-on-year, with the six-month figure already exceeding last year’s full-year revenue.

Beating AI News Flash: In August this year, leading Chinese AI chip companies released their semi-annual reports in succession. Last Friday, Biren Technology issued its financial report, reporting nearly 20-fold revenue growth. In addition, top players including Cambricon and Moore Threads also posted significant revenue increases. Behind the robust performance lies a severe shortage of high-end computing power. Currently, the high-end computing power supply chain faces a full-chain crunch, with some firms’ orders booked as far as three years ahead. This is a microcosm of the current booming high-end computing power market. Not only are downstream intelligent computing center resources in short supply, but orders in the midstream system integration segment are also being released intensively. According to industry research, domestic AI chip demand is projected to reach around 4 million units in 2026, while actual deliveries will total roughly 3 million units, leaving a production capacity gap of 1 million units. The industry widely believes that domestic chips are in a strong upward cycle in the high-end AI chip sector. Recently, multiple domestic chip firms have disclosed financial reports, with data showing a collective explosive growth trend.

According to Bitget market data, the Nikkei 225 index closed down 93.63 points today, a 0.14% decline, at 66,311.93 points. South Korea’s KOSPI index closed up 31.22 points today, a 0.46% gain, at 6,820.1 points. The index fell more than 3% at one point during the trading session, while SK Hynix and Samsung Electronics each rose over 1%.

According to monitoring data from TradingBeats (formerly Hyperinsight), as of press time, roughly 2.5658 million HYPE tokens held by large stakers (each holding at least 100,000 HYPE) are in the staking withdrawal queue over the next six days, worth approximately $208 million at current prices. Of this amount, addresses linked to the protocol contract, Trade.xyz, and Hyperliquid Labs still make up the majority. Separately, four large external addresses hold a combined 551,100 HYPE, valued at $44.69 million, which will sequentially complete their 7-day waiting period and move back to spot accounts: - 0x023a (Auros Global): ~101,000 HYPE, expected to be credited on the evening of August 31, worth ~$8.19 million; - 0x251f: ~135,100 HYPE, expected to be credited on the evening of September 3, worth ~$10.96 million; - 0xc288: ~115,000 HYPE, expected to be credited on September 4, worth ~$9.33 million; - 0xe867 ("Million HYPE Staking Whale"): ~200,000 HYPE, expected to be credited on September 6, worth ~$16.22 million. These four addresses account for about 21.5% of the total large-scale inflows over the next six days. The remaining ~2.0147 million HYPE primarily involve addresses related to stakedHYPE, Kinetiq, Trade.xyz, and Hyperliquid Labs, with a single-day peak of ~1.34 million HYPE on September 5 (including 1.05 million from large stakers).

According to Bitget market data, Hong Kong’s Hang Seng Tech Index turned positive in the afternoon, with MINIMAX-W (00100.HK) rallying more than 17% and Zhipu (02513.HK) rising over 5%.

In response to recent market turmoil, an HTX spokesperson issued a statement asserting the platform is "as stable as ever". Tracing the history of the crypto industry, HTX – a veteran exchange with 13 years of steady operation – has weathered multiple rounds of bull and bear market cycles. The official pointed out that dozens of rumors targeting the platform and Justin Sun over the past two years have ultimately been debunked, reminding investors to remain rational amid intense commercial competition.