Meta lays out a “personal superintelligence” strategy
Meta Platforms CEO Mark Zuckerberg published a long post setting out a “personal superintelligence” strategy, arguing that superintelligence should be made available to individuals and small businesses worldwide at no cost or low cost. He also said Meta would continue to open-source part of its model stack to avoid excessive concentration of AI power.
The post said Meta plans to focus on highly privacy-protective personal agents for health management, education, content creation, and entrepreneurial support. It also framed AI infrastructure as something that should be deployed in communities, creating local jobs and energy facilities. Zuckerberg argued that broad distribution of superintelligence would create “checks and balances” in areas such as employment, national security, cybersecurity, and biological risk, rather than relying on alignment around a single superintelligence. He also said an independent board would participate in model safety and release decisions.
China’s central bank includes digital yuan in its “15th Five-Year” plan
The People’s Bank of China said in its reform and development plan for the “15th Five-Year” period that it will optimize financial infrastructure and the central bank service system, improve payment, treasury, and cash services, and steadily advance the digital yuan.
The plan also called for higher-quality development of the credit reporting industry, stronger anti-money laundering oversight, and broader progress on building a rule-of-law central bank and a digital central bank.
Bitget unveils compensation plan after abnormal contract price moves
Bitget published a compensation plan and risk-control upgrade package after abnormal price moves hit the TUTUSDT, LOBSTERUSDT, and BICOUSDT contracts between 15:10 and 15:15 Beijing time on Aug. 9.
The exchange said it will compensate contract users in USDT if abnormal mark prices caused short positions to be liquidated. Compensation will be based on fair market prices at 15:00 and account equity snapshots, covering unified accounts, classic cross margin, and isolated margin accounts. The reference compensation prices were set at 0.21 USDT for TUT, 0.027 USDT for LOBSTER, and 0.0897 USDT for BICO.
Bitget also said it will tighten monitoring of abnormal trading and concentrated positions, raise listing and retention standards for high-risk pairs, dynamically adjust leverage and position limits, and refine its mark-price and liquidation mechanisms.
Xie Jiayin, head of Bitget Greater China, said abnormal mark prices and a severe liquidity imbalance in the three contracts on Aug. 9, 2026 led to abnormal short liquidations and caused nearly $40 million in user losses.
Strategy sells BTC, raises cash, and expands its dollar reserve
Strategy Inc. disclosed in an 8-K filing with the U.S. Securities and Exchange Commission that it sold 6,585,682 shares of MSTR common stock through its ATM program between Aug. 3 and Aug. 9, generating about $653 million in net proceeds. It said roughly $22.037 billion of MSTR issuance capacity remains available.
Over the same period, the company sold 1,690 BTC for about $108.6 million at an average price of roughly $64,262 per coin, using the proceeds to repurchase 1,152,020 shares of STRC preferred stock.
Strategy said it held 840,447 BTC as of Aug. 9, acquired at a total cost of about $63.36 billion, with an average purchase price near $75,385 per BTC. It also said its dollar reserve stood at about $4.65 billion.
A separate item in the roundup said Strategy has sold 6,948 BTC since late June for about $432 million at an average sale price of roughly $62,100, well below its cost basis of about $75,000, realizing a combined loss of about $93.12 million.
CEO Phong Le said the company has adjusted its strategy and now holds $4.75 billion in cash, enough to cover roughly 2.7 years of preferred dividends. He said he had initially expected investors to place a premium on Bitcoin because of its liquidity and long-term appreciation potential, but institutional investors placed greater value on cash, prompting the shift.
Le described Strategy as a financial platform built around Bitcoin rather than only a leveraged Bitcoin proxy. He said the company wants to become “the JPMorgan of digital finance” and sketched out an ecosystem comparable to Apple’s iPhone model, where other companies could build financial products on top of Strategy’s offerings. He said DeFi could expand that ecosystem and eventually bring more capital into Bitcoin. He added that the company now holds about 840,000 BTC, around 4% of the final supply, and said, “We are the weather vane now, the central bank of Bitcoin.”
Sharplink posts a large Q2 loss but keeps adding ETH
Nasdaq-listed Sharplink released second-quarter results and updated its Ethereum treasury strategy. The company said its ETH holdings rose from about 886,881 on June 30 to about 888,938 on Aug. 3, a net increase of roughly 2,057 ETH over one week.
Sharplink reported a net loss of about $394 million in the second quarter due to ETH market conditions and impairment tied to LsETH and weETH. It said those impairments were non-cash items and did not affect the quantity of ETH and ETH-equivalent tokens it holds.
The company also completed a $75 million private placement and used part of the proceeds to buy about 10,000 ETH at an average price of around $1,611 per coin. It said it has continued to repurchase its own shares while reinforcing its position as an “institutional treasury platform” for the Ethereum ecosystem.
ZachXBT links U.S. woman to at least $5 million in crypto thefts
On-chain investigator ZachXBT said Tiffany Milanovich, described as a U.S.-based threat actor, took part in at least $5 million in crypto thefts by posing as customer support for hardware wallet providers and centralized exchanges.
According to the post, the tactics included impersonating BitcoinIRA email support. In one attack, about $1.2 million in BTC and ETH was moved out of a victim’s Trezor wallet. In another case, about $500,000 in BTC was stolen from a Coinbase account.
ZachXBT said Tiffany played the role of “support caller,” persuading victims to hand over access to their funds. The post said she later flaunted the stolen money on social media and in Telegram groups, mocked victims in recordings, and worked with other threat actors using phishing panels and instant swap services to launder funds. Some stolen assets are still dormant on-chain.
BitMine adds more ETH and increases staking exposure
BitMine (NYSE: BMNR) said it bought another 7,391 ETH last week, taking total ETH holdings to 5,805,238, or about 4.8% of Ethereum’s total supply.
The company said it holds about $11.6 billion in cryptocurrencies, cash, and other investment assets, including $104 million in cash and marketable securities, 209 BTC, a $180 million equity stake in Beast Industries, and an investment in Eightco Holdings (ORBS) worth about $69 million.
BitMine said its staked ETH rose to 5,067,309, equal to about 87% of its ETH holdings. At $1,928 per coin, that stake is worth about $9.8 billion and generates annualized staking income of about $257 million. The company also repurchased 3 million common shares during the same period, bringing total buybacks since July 1 to 19.1 million shares.
Another on-chain item in the roundup said Bitmine bought ETH on the dip and received 13,000 ETH from BitGo five minutes before the report, worth about $24.36 million.
Ethereum Foundation sends 566.27 ETH in grant-related transfer
The Ethereum Foundation moved 566.27 ETH, worth about $1.09 million, from its grants wallet to an unknown address. It also sent 2.62 ETH, worth about $5,000, to another address linked to the foundation that has previously transferred funds to Upbit multiple times.
Immunefi says July crypto hack losses reached about $110 million
Immunefi said the crypto sector lost about $110 million to hacks in July. The platform paid about $2.32 million to researchers who found and verified vulnerabilities, while the number of verified and paid bug reports rose 18% from the previous month.
After reviewing 1,178 front-line audit reports, Immunefi said the median number of critical or high-severity vulnerabilities was zero. By contrast, 58 audit competitions organized by the firm found an average of 6.2 serious vulnerabilities each, versus 1.5 in standard front-line audits.
The report said the average cost of uncovering one critical vulnerability in an audit competition was about $6,548, far below the roughly $66,000 cost of a private front-line audit and well below the roughly $24.5 million loss associated with an exploit when hackers get there first. In July alone, bug bounty programs prevented 374 potential threats. Total payments to researchers have now reached $143.1 million.
Ethereum roadmap update shifts more weight to quantum safety, privacy, and AI verification
Ethereum co-founder Vitalik Buterin compared his 2023 roadmap with the current Strawmap and highlighted a noticeable change in development priorities.
First, quantum safety has moved much higher on the list, including aggressive scaling and signature aggregation designs for a post-quantum setting. Second, strong privacy appears for the first time as a first-class goal, covering keyed nonces, recent state roots, privacy pools, and “wormhole” style approaches. Third, AI-assisted formal verification is being used to speed up work on making the spec leaner, while recursive STARKs are being introduced more broadly across the execution, consensus, and data layers.
The update also includes new state types, native rollups, blob and gas futures, and “post-EVM” design space aimed at new instruction sets including leanISA and RISC-V.
H100 lifts Bitcoin treasury to 3,506 BTC through acquisitions
H100 Group, the Swedish listed company backed by Blockstream CEO Adam Back, said it added 2,455.7 BTC through all-share acquisitions of Norway’s Moonshot and PDI, lifting total holdings to about 3,506 BTC. At current prices, that position is worth about $227 million.
The deal will be paid for with about 790.5 million new shares, implying roughly 70% dilution to the existing share base. The new shares are priced at SEK 1.86 each, giving the combined transaction an equity valuation of about SEK 1.47 billion, or around $155 million.
After completion, H100 would move from the 42nd-largest public-company Bitcoin holder to the 26th, approaching larger treasury companies such as Gemini. The company said the structure increases Bitcoin per share on a fully diluted basis by about 5% while also expanding the treasury.
Lambda seeks $917 million to buy AI chips
Lambda, an Nvidia-backed AI cloud provider, is seeking $917 million in the leveraged loan market to buy AI chips. As AI infrastructure spending accelerates, chip-backed financing is becoming a new way to fund capital-intensive expansion.
Lambda is part of the fast-growing “neocloud” segment, supplying GPU capacity and AI infrastructure services to businesses and developers. The planned financing would come through a GPU-linked loan based on rights tied to the company’s GPU assets and is meant to support further compute expansion.
The deal extends a broader trend in which AI infrastructure companies test new funding models. Earlier this year, CoreWeave completed the first institutional leveraged loan transaction aimed at financing chip purchases, opening a debt-funded route for acquiring AI chips. With generative AI demand rising quickly, GPUs have become one of the most important strategic resources in AI expansion. Folding those assets into credit structures lets cloud providers scale compute faster while depending less on equity financing, and it brings more traditional lenders into AI infrastructure buildouts.
Tom Lee says Robinhood Chain could be one of 2026’s biggest crypto wins
Tom Lee, chairman of Ethereum treasury company Bitmine, said in a recent interview that Robinhood’s blockchain project, Robinhood Chain, could become one of the biggest success stories in crypto in 2026 because it could bring roughly 27 million Robinhood users directly into the Ethereum ecosystem.
Lee said Robinhood is opening Robinhood Chain to its user base, which would connect a large pool of mainstream finance users to the Ethereum economy and push broader adoption of crypto assets. He said Ethereum has been growing quietly in recent years, helped mainly by stablecoin settlement and crypto trading and payment use cases on platforms such as Shopify.
In Lee’s view, Robinhood Chain’s importance lies not only in the technology but in the way a mature financial platform lowers the barrier to entering the on-chain world.
Wang Chun comments on BIP-54 activation
F2Pool co-founder Wang Chun said he does not personally support the BIP-54 proposal. Still, if it proceeds strictly under the BIP-9 activation mechanism and reaches the required absolute-majority miner signaling threshold, he would upgrade mining nodes to support it. Until then, he said, he will not take part in BIP-54 signaling.
The roundup said BIP-54 is a recently discussed Bitcoin improvement proposal aimed at strengthening network capabilities through changes to consensus-related rules, though both its necessity and activation method have drawn debate in the community. BIP-9 is a miner-signaling soft fork activation framework that requires miners to express support in blocks and triggers an upgrade once the threshold is met.
Hong Kong’s TVB plans AI compute joint venture and data center
Hong Kong broadcaster TVB said it signed a framework agreement with Triton Square Limited, an affiliate of Gaw Capital, to form a joint venture that will provide advanced compute services for AI-related use in Hong Kong. The first phase, known as Phase 1A, is targeted to begin operations in the fourth quarter of 2027 with planned compute capacity of about 10,000 PetaFLOPS.
The company said the venture plans to build a data center and AI compute facilities in TVB’s corporate park in Tseung Kwan O Industrial Estate, procure and operate computing equipment including GPUs and CPUs, and offer AI compute services on a subscription basis to third-party customers and internal group users.
TVB and Gaw Capital are expected to hold 51% and 49% of the ordinary voting shares, respectively. Gaw Capital plans to invest up to HK$2 billion in equity, with additional support from project bank financing and TVB’s internal resources.
Wall Street firms and Nvidia push a $500 billion AI financing effort
Several Wall Street heavyweights are working with Nvidia on an AI financing initiative worth as much as $500 billion.
In a separate “AI roundup” item, PANews said Nvidia signed a memorandum of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR to build a financing platform that would mobilize more than $500 billion in third-party capital for hyperscalers, frontier AI labs, and enterprises. Nvidia CEO Jensen Huang said Nvidia chips are “investable assets.”
Trump, Hammack, OpenAI, and Applied Compute
U.S. President Donald Trump said on social media that Iran is asking for compensation for damage from military conflict over the past five months, a demand he said had never previously been raised in talks. Trump said he is now also demanding compensation from Iran for casualties tied to multiple conflicts, including those killed in the USS Cole attack and other combat deaths, as well as for the families of protesters suppressed over the past 50 years. He also said 52,000 people had died in the past five months of conflict and that he had instructed U.S. representatives to formally raise compensation demands in all future negotiations.
Cleveland Fed President Beth Hammack said inflation has still not returned to target and that the Federal Reserve may need to raise rates multiple times. She said a single 25 basis point increase “would not have much impact on the economy,” though she declined to predict the number of hikes or the terminal rate. Hammack said the current 3.50%-3.75% range is not clearly restrictive, businesses have not cut growth investment because of rates, and “now is the time to act.” She added that the longer the Fed waits, the harder it will be to get inflation back to 2%. She also said the labor market is not showing obvious problems and that July employment data would not change her focus on inflation. Hammack opposed holding rates steady at the Fed’s July meeting and favored a 25 basis point hike.
According to people familiar with the matter, OpenAI completed an employee share sale worth about $7 billion while considering a future Wall Street listing. Two people familiar with the transaction said the ChatGPT developer did not bring in outside investors for the buyback and instead repurchased shares from current and former employees itself. The deal valued OpenAI at $852 billion, unchanged from its most recent funding round.
Applied Compute, the AI startup founded by former OpenAI researchers, is discussing a new funding round that could value the company at about $3 billion, more than double the valuation attached to its previous round announced four months ago. People familiar with the matter said the company’s annualized revenue is about $50 million, nearly four times the level CEO Yash Patil disclosed in November last year. Investor Elad Gil is said to be in talks to lead the round, which could raise several hundred million dollars, though terms are not final.
Trump Media, BlackRock, and a whale pulling ETH from Gemini
Trump Media & Technology Group said falling crypto prices sharply reduced the value of its digital asset holdings in the second quarter, contributing to a first-half loss of $360.6 million. In a quarterly filing, the company said it held 9,477.16 BTC at fair value of $557.1 million as of June 30, down from 9,542.16 BTC at the end of March, a net quarterly decrease of 65 BTC.
The company’s Cronos holdings were unchanged at about 756.1 million tokens, but fair value fell from $68 million at the end of 2025 to $40.6 million. Most of its Bitcoin has been pledged as collateral. As of June 30, 4,260.73 BTC was pledged against convertible notes and another 2,077.34 BTC was pledged for a Bitcoin options strategy. A few days before the earnings release, Trump Media, Crypto.com, and Yorkville Acquisition said on Friday that they had terminated a proposed business combination.
Robert Mitchnick, head of digital assets at BlackRock, said Bitcoin market sentiment has improved noticeably, though subtly, over the past month and that Bitcoin’s correlation with U.S. equities has been weakening. He pointed to July, when Bitcoin significantly outperformed during a sharp pullback in AI stocks, as evidence of that decoupling. Even though Bitcoin is down nearly 30% this year and about 50% from a year ago, ETF investors have continued buying. U.S. spot Bitcoin ETFs took in $853.5 million last week, their best week since mid-April. BlackRock’s IBIT accounted for $693.7 million of that total, more than 80%, and Fidelity’s FBTC brought in $116.4 million. Bloomberg analyst Eric Balchunas said that after the Coldcard vulnerability came to light, several funds still recorded daily net inflows, adding that “it’s hard not to see causality.”
Onchain Lens said a whale withdrew another 9,000 ETH from Gemini today, worth about $16.87 million. Over the past month, the wallet has withdrawn about 121,000 ETH in total, worth about $227 million, moved the assets into self-custody, and staked most of the position.
Keel exits U.S. Bitcoin mining to prepare AI data center conversion
Keel Infrastructure Corp., formerly Bitfarms, said in its second-quarter earnings report that it has shut down all of its U.S. Bitcoin mining operations as it prepares to convert those sites into AI and high-performance computing data centers.
The company sold 1,085 BTC between April 1 and Aug. 7 for $75 million and still holds 1,861 BTC. Keel’s CEO said power remains the key constraint, three priority sites are close to securing full permits, and discussions are under way with multiple potential tenants. The company said it has $819 million in liquidity and unused 2027 power capacity.
Keel shares fell more than 11% on Monday. Second-quarter revenue was $30 million, down 50% year over year, and the company swung from an $11 million profit in the year-earlier quarter to a $141 million loss.
Whale views, transfers, and BTC short positioning
The leveraged trader known as “先定10个大目标” (@jasonleo) said his medium- to long-term view has not changed and that he still sees the current area as a cyclical bottom zone. Unless there is an extreme structural collapse, he said he still places the bottom region for this BTC cycle near $58,000.
He said he cut two-thirds of his position around a $64,000 cost area not because he changed direction, but to actively control risk and leave room for extreme scenarios. If price action later matches his expectations, he plans to buy back the reduced position over time. He added that the account is only a personal trading journal and warned others not to copy the trades. He said he usually uses 3x to 5x leverage and pays close attention to risk control. In the recent range-bound market, he said losses are often limited if position management is handled well, but risk rises sharply for traders using 10x or 50x leverage.
Another whale moved 1,275 BTC worth $81.5 million. Of that amount, 500 BTC went to FalconX, 274 BTC went to Cumberland’s OTC desk, and 500 BTC was sent to a new address that may later route funds to Galaxy Digital.
A whale tagged 0x8c96 opened a short on 1,100 BTC seven hours earlier at $64,487, giving the position a notional value of about $70.41 million. It was showing a floating profit of $530,000 at the time of the report, with a liquidation price of $66,305.
Another whale, previously known for opening a $102 million BTC short, added again after taking an $811,000 loss. The trader increased the position by 533.02 BTC early today, bringing total size to 1,313 BTC, worth about $84.02 million, at an average entry of $64,183. The position was showing a floating profit of $251,000 and remained the largest BTC position on Hyperliquid. The trade has been open since Aug. 5, close to one week, and BTC fell below $64,000 for the first time overnight.
SEC to review customized issuance framework for certain crypto investment contracts
The U.S. Securities and Exchange Commission said it will hold a public meeting at 10:00 a.m. Eastern time on Aug. 14 to consider whether to issue a proposed rule creating a customized issuance framework for certain investment contracts involving crypto assets.
Luke Dashjr loses BIP editor access after BIP-110 stalls
The BIP-110 soft fork effort stalled after support fell far short of the required threshold, leaving thousands of nodes isolated. Two days later, Bitcoin’s BIP editors removed proposal leader Luke Dashjr’s editor privileges on Monday.
Editor Mark Erhardt filed the motion to remove Dashjr, citing conflicts of interest, minimal contributions, leadership of a controversial fork, and a breakdown in coordination. Supporters of the move argued that Dashjr used editorial power to favor BIP-110, assigning the number before mailing-list discussion and quickly merging pull requests, while contributing less than 1% since April 2024.
Peak signaling support for BIP-110 reached only 2.53%, far below the 55% threshold, and the forced chain has stalled at height 961,633. Ocean was the only mining pool signaling before the fork and has now resumed non-BIP-110 work. Four minutes before his removal was confirmed, Dashjr said he was stepping back from his roles as Ocean chairman and CTO to focus on Bitcoin open-source work, though he remains lead maintainer of Bitcoin Knots. Bitcoin’s price was unaffected.
Arthur Hayes ties yen policy and dollar liquidity to Bitcoin
BitMEX co-founder Arthur Hayes published an essay titled “Yenquake,” saying U.S. Treasury Secretary Bessent plans to restart the money printer by influencing the dollar-yen exchange rate and that the move could drive a large Bitcoin rally.
Hayes argued that the yen is the world’s most undervalued major currency and said there are three ways to resolve the issue: aggressive Bank of Japan rate hikes, sales of foreign assets by Japanese public institutions, or his preferred option, where Japan’s finance ministry repo-finances U.S. Treasuries with the Federal Reserve to obtain dollars, then sells those dollars to buy yen.
He said the U.S. and Japan had already carried out joint FX intervention two weeks earlier and that Bessent had made clear he wants the Fed to raise counterparty limits on the FIMA repo facility. Hayes said the Japanese government and GPIF together hold about $1.37 trillion in U.S. Treasuries and that the plan is effectively money printing by the Fed, which would sharply increase dollar liquidity. He linked that liquidity to Bitcoin performance, said Maelstrom is heavily long BTC, and added that he is also bullish on Ethereum and Ethena. In his view, the era of yen weakness is over, and he said the Trump administration is explicitly telling the market to buy financial assets while waiting for the Fed to formally change the rules.
AI quick takes: Meta, Anthropic, and Nvidia
PANews AI Watch highlighted three AI items from the past 24 hours.
Meta Superintelligence Labs released Muse Glimmer, a 30B-parameter open-source model under the Apache 2.0 license, tuned for always-on local agent workflows and able to run on a Mac or a PC equipped with a single consumer GPU. The model supports local agents, function calling, local coding, and LLM-as-a-judge evaluation.
Anthropic’s unreleased research version of Claude, while attempting work related to the Riemann hypothesis, unexpectedly improved the lower bound on the proportion of zeros of the Riemann zeta function satisfying the hypothesis from 41.6% to 67.2%. PANews said two Anthropic mathematicians verified the result and that a formally verifiable proof was produced.
Nvidia also signed the previously noted memorandum of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield, Goldman Sachs, and KKR to build a financing platform that would channel more than $500 billion in third-party capital into hyperscalers, frontier AI labs, and enterprise AI infrastructure. Jensen Huang said Nvidia chips are “investable assets.”