Tom Lee: We are currently only in the first wave of the rally, with institutions betting that a major market upswing will hit in the fourth quarter.

Insight | Beating AI News Flash: Runway Releases World Model Solaris That Directly Generates App Interfaces Traditionally, when using AI to develop apps, the process usually involves first generating HTML, CSS, and JavaScript, then having the browser render the code into an interface. Solaris skips this step entirely: the entire interface users see is a real-time generated output from the model. Solaris is modified from Runway’s Gen-4.5. When users click, drag, or input text, these actions become conditions for generating the next frame. A language model determines what should happen next on the interface, and Solaris renders it in real time. Pages, buttons, and interaction states do not need to be hard-coded in advance. Runway also conducted a comparative test between Solaris and code-generated interfaces from Claude Opus 5. 250 participants tested 30 interaction groups, producing nearly 7,500 evaluations. For "completing operations as instructed", 61% chose Solaris, while 24% chose Claude; for naturalness, the ratio was 71% to 21%. Solaris is currently still a research preview, far from replacing real apps. Since each frame is generated in real time, its cost remains higher than that of ordinary web pages. Text stability, long-term interface consistency, and accessibility support also remain unresolved challenges.

According to Bitget market data, after the Hong Kong stock market closed, the Hang Seng Index fell 0.928%, the Hang Seng Tech Index dropped 1.493%, and MINIMAX-W declined 4.183%.

CryptoQuant’s report shows that between August 1 and 30, wallets holding over 100 BTC added a cumulative ~60,000 BTC, while wallets holding 1 to 100 BTC reduced their holdings by ~33,000 BTC, and wallets with less than 1 BTC cut their positions by ~14,000 BTC. Overall, large holders absorbed supply amid the market rally, while small and medium-sized holders took profits and exited on the rebound. BTC traded mainly in the $62,000–$65,000 range through mid-August, breaking out of the range on August 19. Large wallets’ buying accelerated sharply following the breakout, rather than just positioning ahead of a downturn. On August 27, BTC briefly touched $80,000, peaking at $81,500 the next day before pulling back. This rally was not purely driven by leveraged buying of dips; a key feature is BTC’s continued concentration from small wallets to large wallets. As of August 30, large wallets have not yet significantly unloaded the ~60,000 BTC they previously accumulated, so their actions can still be seen as absorbing supply during the upswing. However, this does not guarantee the $80,000 level will hold, nor can it be used to conclude BTC will end August with a monthly gain. If large wallets start selling the ~60,000 BTC they accumulated earlier while BTC stays consistently below $80,000, the earlier "absorption" assessment will be invalidated.

According to HTX market data, Bitcoin has fallen below $78,000, currently trading at $77,982.9 per coin, down 0.77% on the day.

According to official announcements, Upbit has designated Injective (INJ) as a "Trading Attention Project". Currently, Injective (INJ)'s deposit and withdrawal services have been suspended. When services resume, only withdrawal functionality will be opened first. BlockBeats previously reported that Injective stopped block production for approximately 3 hours and 42 minutes on August 31, with the block height recovering from 181,027,006 to 181,027,007, and no rollback occurred during the period. QuickNode's status records also show that the Injective mainnet experienced a global block stall that day, prompting the deployment of an emergency patch. Attackers are suspected of repeatedly exploiting Injective's insurance fund and permissionless binary options market creation mechanism, executing a total of 299 related operations, ultimately transferring approximately 1,979.8 ETH (valued at around $4.88 million) to a single address.

According to Bitget market data, spot gold has fallen more than 1% on the day, currently trading at $4,404.47 per ounce.