TradingBeats, formerly Hyperinsight, said on Aug. 11 that Hynix ADR mapping contract SKHY was still trading at about a 36.06% premium to SKHX, with the spread persisting for an extended period. For the address beginning with 0x803, which has already put on a roughly market-neutral spread position worth about $11.092 million in notional terms, the key issue is no longer just whether the premium converges. The pace of convergence now matters just as much. Based on a static calculation using current funding rates, the position adds about $27,500 in funding cost per day, or about $192,200 over a week. To offset that cost through spread compression alone, the SKHY premium to SKHX would need to narrow by roughly 0.67 percentage points per day. Snapshot data cited in the report showed SKHX at $1,023 and SKHY at $139.19, with 10 SKHY corresponding to 1 SKHX. Under that ratio, the current ADR premium works out to about 36.06%. The report said the trade’s profitability threshold keeps shifting lower if daily convergence is not fast enough to outpace the mounting funding expense.

Solana Name Service (SNS) has announced that new registrations for .sol domains will be temporarily halted starting from August 17. The pause is intended to allow the service to carry out an eligibility snapshot. According to the team, the snapshot will cover only those .sol domains that were already registered before the suspension. Once the snapshot is done, users will be able to check whether they qualify for a new round of entitlements or upgrades. Registration for .sns domains is expected to resume around the middle of September, with specific arrangements to be announced gradually. SNS also cautioned users to be alert against fake claim links, reiterating that it will never ask anyone to sign any transaction or pay any fee in order to claim new .sol domains. The team advised users to only rely on official communications for further updates about the snapshot and the resumption of registrations.

Gnosis has opened a governance vote on whether to spin off Gnosis App into a separate company managed by the original team. The proposal, dubbed GIP-152, is now live on Snapshot. Under its terms, GnosisDAO would invest $1.5 million in cash and contribute $1 million in products and intellectual property, resulting in a combined $2.5 million position in the SAFE protocol. This translates to a post-money valuation cap of $10 million, and in return the DAO would secure at least 25% equity. The new company would take over the Gnosis App's product and IP. The app is currently built on the Circles protocol and focuses on decentralized payments for users in Europe. According to the proposal, operating independently will help the product develop faster and get closer to product-market fit (PMF), a model that has been validated by other Gnosis-incubated projects like CoW and Safe. Voting is scheduled to end at 22:19 on August 12, with a quorum requirement of 75,000 votes. As of this writing, the vote has reached roughly 13.2% of the quorum, with 65.93% of ballots in favor.

According to TradingBeats (formerly Hyperinsight), the SK Hynix ADR mapping contract SKHY is trading at a 36.06% premium to SKHX, with the gap still widening. A whale address starting with 0xe091 has built a roughly $11.09 million spread position using 5x isolated leverage on both legs—long 5,400 SKHX and short 40,000 SKHY. The combined position currently shows an unrealized loss of about $16,700, while hourly funding costs total approximately $1,144, translating to a static daily carry of around $27,500.

Project updates over the past week spanned restaking, token launch tooling, DAO governance, derivatives trading, legal disputes, token unlock visibility, Layer 2 upgrades, and shifting sector data. ether.fi removed all EigenLayer restaking exposure from weETH and is moving that function to a separate Symbiotic-based token, weETHs, with the remaining EigenLayer exposure already below 1% and expected to reach 0% in the third quarter of 2026. Uniswap rolled out Pools on Robinhood Chain as a launchpad for high-volatility meme tokens, offering Crowd Launch and Instant Launch formats, permanent liquidity and anti-sniping features; data from @Adam_Tehc showed $99.1 million in first-day volume, or about 54.2% of token launchpad volume on Robinhood Chain that day. Elsewhere, Lido DAO opened voting on its NEST automated buyback mechanism, Hyperliquid posted $218 billion in July perpetuals volume, and Shaw said ai16z would abandon its token, wind down the foundation and keep building open-source AI around Eliza. DeFi total value locked also turned up in July, rising 5.3% to about $73.8 billion after six straight monthly declines.

According to a Lawfare report cited by PANews on Aug 7, Grokipedia — the AI-generated encyclopedia under Elon Musk's xAI — stopped processing edit requests on April 24 and has remained frozen for more than three months. The automated backend phased out model-generated edits between March and mid-April, leaving only human-submitted requests stuck in limbo. Fact corrections make up 97% of submissions; previously, 76.5% were approved or adopted. Snapshots of roughly 480 pages show no changes, and it's unclear if xAI is planning an overhaul or abandoning the project.

Samsung Electronics is retreating again in China, this time through its smartphone channel network. A recent report cited by Sina Tech said stores generating less than RMB 300,000 in monthly sales will be phased out, with closures already seen in Shenzhen, Fuzhou, Zhengzhou and Xi’an. The move comes just three months after Samsung said it would exit China’s home appliance market, while keeping semiconductors, mobile devices and medical equipment operating in the country. The contrast inside Samsung’s business is stark. IDC data cited in the article shows Samsung’s share of China’s smartphone market fell to 0.1% in the second quarter of 2026, with shipments down 60.8% year over year. Yet Omdia data shows Samsung still led the global smartphone market in the same quarter, shipping 60.5 million units and holding a 22% share. The piece argues Samsung’s China setback reflects a mix of pricing pressure from local brands, weaker localization in software and payments, and shifting brand appeal. At the same time, Samsung’s latest quarterly earnings showed semiconductors accounting for 99.7% of operating profit, while the mobile and appliance division slipped into loss. That gap is pushing the group toward a narrower, premium-focused strategy in China, even as concentration around chips raises a different set of risks.

Lido DAO has opened the on-chain voting window for “NEST: Auto-Buyback,” with the main voting phase running from Aug. 5 to Aug. 8 at 22:00. The mechanism is designed to create an on-chain link between Lido protocol performance and LDO, and its design and parameters had already been approved through a Snapshot vote in May. According to the Lido governance forum, the rollout is now proposed under a “Treasury Only Mode” rather than the previously approved “LP Mode.” Under the plan, NEST would use Stonks v2 and CoW Swap to sell a portion of DAO-held stETH and buy LDO. In treasury-only mode, 50% of the acquired LDO surplus would be transferred directly to the DAO treasury, while LP mode would have directed 50% of surplus into the LDO/wstETH Curve v2 pool. The team said additional modeling showed LP mode had limited use cases, and no audit report currently covers the specific Curve version deployed on-chain. NEST has an annual spending cap of $10 million, and the related contracts were audited and deployed to mainnet in July.