VVV surges to a record high of $26.12, logging a 31.2% gain in 24 hours.

According to on-chain analytics platform Ai Yi, Multicoin Capital appears to have been continuously selling HYPE recently. Since July 28, the entity has deposited approximately 1.725 million HYPE tokens to trading platforms, worth around $133 million, with estimated profits of roughly $77.15 million. Data shows its average cost price for HYPE is about $32.32, while the average deposit price stands at approximately $77.03. The most recent deposit occurred 9 hours ago, and it currently holds around $60.29 million worth of HYPE on-chain.

Liquid Network released an incident report this morning, stating that on September 6, a vulnerability in its open-source Elements software was exploited by attackers, who minted approximately 4,000 LBTC tokens not backed by BTC reserves and converted them into around 4,000 BTC via SideSwap’s Peg-out mechanism. Following the incident, Liquid’s reserves plummeted from roughly 4,205 BTC to 197 BTC at one point. Liquid clarified that the incident was not caused by a private key leak or a breach of its federated nodes. To date, the attackers have returned 3,400 BTC, leaving approximately 598.5 BTC still outstanding to be recovered. Blockstream has finalized the vulnerability fix, while the Liquid Network remains suspended. The relevant teams are preparing an emergency release of Elements v23.3.4, and operations will resume after completing security reviews and network state restoration.

Beating AI Express: Former OpenAI researcher Tian Yonglong has recently joined Tencent’s CEO & President’s Office, with his official title confirmed as Head of Hunyuan Multimodal, reporting to Chief AI Scientist Yao Shunyu. Former multimodal models head Bo Liefeng is no longer in direct charge of frontline model business and has been reassigned as Head of Operations of the Basic Model Department. In July this year, Tencent merged its large language model and multimodal model teams into the Basic Model Department, overseen by Yao Shunyu. Tian Yonglong joined Tencent then to lead the VLM (Vision-Language Model) division. The division of labor at Tencent’s Basic Model Department has now been further clarified: Yao Shunyu oversees the entire department, while Tian Yonglong is responsible for the Hunyuan multimodal business.

Cryptocurrency exchange Gemini announced that its Singapore-based entity Gemini Digital Payments Singapore has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Gemini stated that Singapore remains an important operational hub for the firm. With the license, the company will continue to provide digital asset trading, custody, and over-the-counter (OTC) services to local retail and institutional clients. Gemini co-founder Cameron Winklevoss said the approval reflects the company’s long-term commitment to the Singapore market.

Tether CEO Paolo Ardoino announced in a post that Tether’s P2P team is developing a peer-to-peer (P2P) search engine, scalable to thousands of nodes, and featuring high availability and censorship resistance via a self-organizing fault-tolerant data structure. He disclosed that the team’s test environment has successfully distributed the full Wikipedia archive across 100 nodes, with search functionality fully supported and outstanding overall performance.

Goldman Sachs Global Head of Metals Trading Anthony Kim said that gold’s more than seven-month correction since February this year does not signal the end of its bull market, but rather an “extended pause”. He noted that uncertainty over the policy stance of the new Federal Reserve Chair, along with Iran’s conflict disrupting energy markets and impacting capital flows, has exerted temporary pressure on gold prices. However, Goldman Sachs maintains its bullish outlook, arguing that the area near $4,000 is supported by sovereign buyers and institutional funds, marking a “fairly solid bottom”. Anthony Kim suggested that if gold prices approach $4,000 due to data volatility ahead of the Fed’s September policy decision, investors can gradually build long positions. Goldman Sachs previously projected that, driven by factors including central banks’ continued gold purchases, gold prices could rise to $4,900 per ounce by the end of 2026.