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Shanghai issued the "14th Five-Year Plan for Accelerating the Advancement of New Industrialization and Building a Modern Industrial System." The plan proposes to comprehensively enhance intelligent computing capabilities, tackle high-performance, low-power, and high-efficiency intelligent computing chips, improve cluster networking and cloud service capabilities, and explore innovative architectures such as heterogeneous computing, optical computing, and quantum artificial intelligence; optimize intelligent computing infrastructure and build an urban computing power network.The plan clearly states the continuous effort on large models, focusing on the research and development of the next generation of large models, overcoming key technologies such as architecture design and training optimization, promoting the coordinated development of chips, large models, and intelligent computing clouds, and building an independent ecosystem. It further promotes the "Model Power Gathering in Shanghai" initiative, accelerates the maturation of embodied intelligence technology, strengthens the autonomous full industrial chain layout of intelligent robots, enhances performance in key areas, and promotes real-world applications in key fields such as industrial manufacturing, logistics assembly, commercial retail, medical care, and housekeeping services. Among them, Jing'an District focuses on developing leading industry characteristic tracks such as ultra-high-definition audio-visual, data intelligence (data corpus and AI applications, blockchain), and beauty and health.

According to the latest documents from the Hong Kong Stock Exchange, after Alibaba announced a new share placement plan of HKD 80 billion, the group's chairman Cai Chongxin and CEO Wu Yongming each increased their holdings of Alibaba shares by a total of approximately HKD 120 million.Cai Chongxin purchased 720,000 shares of Alibaba's Hong Kong stock at an average price of approximately HKD 112, costing about HKD 80 million; Wu Yongming bought 350,000 shares of Alibaba's Hong Kong stock at an average price of approximately HKD 111.6, costing about HKD 40 million. The two together increased their holdings by 1.07 million shares, with a total amount of approximately HKD 120 million.

The multi-chain decentralized over-collateralized stablecoin USDD has officially announced the launch of the Vault feature on Ethereum, allowing users to mint USDD using ETH and WBTC as core collateral assets.This upgrade is a further expansion based on the previous TRON chain Vault, meaning that the USDD Vault module has officially entered the dual-chain drive and ETH + BTC dual-core mainstream asset collateral stage, providing more entry points for mainstream asset holders to participate in the USDD ecosystem.

According to Ai Yi's monitoring, the largest short position on the Hyperliquid platform for LIT urgently added $2.5 million in margin, with an unrealized loss of $5.605 million.This whale holds 2.528 million LIT (approximately $8.9 million), with an opening price of $1.3. After LIT was listed on Upbit, it briefly surged, and additional margin was added to reduce liquidation risk. Currently, the single-coin margin has reached $7.16 million, with a liquidation price of $5.78.

According to TradingBeats (formerly Hyperinsight), a whale starting with 0xf517 currently has 190 BTC sell orders in the range of $79,654 to $108,888, planning to sell 951.3 BTC, with a nominal amount of approximately $91.787 million and a weighted average sell price of about $96,488. BTC is currently reported at $77,351, with the sell order range being about 3% to 40.8% higher than the current price. Since the above orders are not "only for reducing positions," if the transaction volume exceeds its existing long position, it will directly lead to a short position.This whale currently holds 94.1 BTC long positions with a 40x leverage, valued at approximately $7.277 million, with an average entry price of $77,330.3; it has reduced its previous holding of 109.4 BTC by about 15.3 BTC. About 10% of the 951.3 BTC sell orders are used to close long positions, while the remaining approximately 857.2 BTC will be converted into new short positions. If all are executed, the theoretical size of the short position would be about $82.7 million. Meanwhile, this address still has a buy order for 133.7 BTC at $74,088, valued at approximately $99.08 million.It also has 108 open orders in other cryptocurrencies, with a total nominal amount of about $89.32 million, mainly including: HYPE replenishment orders: it currently holds 197,800 HYPE long positions, valued at approximately $15.44 million, with an average entry price of $62.52, and has placed a buy order for $5 million at $62.2, which is about 20.2% lower than the current price. LIT has 71 sell orders in the range of $3.8081 to $6, planning to add short positions of 362,200, amounting to about $1.84 million; ZEC has 29 sell orders in the range of $890.71 to $999, planning to open about 1,560 short positions, amounting to about $1.484 million. It is reported that this whale's layout spans both the US stock and cryptocurrency markets, often participating in the hottest targets, and has repeatedly become a major whale in S&P 500, AMZN, SPCX, etc., with a historical total profit of nearly $30 million.

On August 24, according to the Shanghai Securities Journal, Alibaba announced the completion of the pricing for a new share placement of HKD 80 billion (approximately USD 10.2 billion), with 100% of the net proceeds from the placement to be used for investing in full-stack AI capabilities and strengthening AI infrastructure construction.According to sources close to the transaction, this placement was nearly 3 times oversubscribed, exceeding HKD 200 billion. Sovereign and long-term funds ultimately accounted for over 40% of the subscription, with high order quality. Major sovereign funds from regions such as the Middle East, Europe, and Asia actively participated in this subscription.

According to Bitcoin.com News, the Central Bank of Russia has launched a special financial literacy test to lower the threshold for residents to qualify as accredited investors, in order to expand their cryptocurrency trading limits.

On August 24, according to Gate market data, Hong Kong stock Alibaba fell more than 10%, with its stock price hitting a new low in nearly a month.Previously, it was reported that Alibaba announced plans to place new shares in Hong Kong. The company stated that the total amount of this placement is HKD 80 billion (USD 10.2 billion). This transaction will become the largest primary follow-on offering in the history of Hong Kong-listed companies and the largest Regulation S stock issuance on record (for securities issued and sold outside the United States), and it is also the third largest primary follow-on stock issuance globally this year, following Alphabet and Intel.

Former Hack VC partner and platform head [Hsin-Ju](https://www.rootdata.com/zh/member/Hsin-Ju C.?k=MTUzMjc=) stated that he decided to refuse a settlement agreement that required him to remain silent, preferring to accept a $0 compensation, and has fired his lawyer. He plans to publicly disclose all evidence from his time at Hack VC on August 26 (Wednesday). Hsin-Ju mentioned that he has worked in the crypto industry for 9 years, having been employed at Stellar, Solana, and Fhenix, and that last year during his time at Hack VC, he repeatedly requested to leave due to severe medical emergencies (including Graves' disease, hyperthyroidism, and severe insomnia). However, he was threatened by partners that if he left before completing relevant meetings, he would be blacklisted in the industry, forcing him to work continuously under extreme pressure, which ultimately led to a suicide attempt.Hsin-Ju stated that after the suicide attempt, he expressed in writing that he had no intention to sue and only wished to leave without retaliation. However, Hack VC subsequently had issues with his COBRA health insurance for nearly 4 months, which were only resolved after a lawyer intervened. During the legal process, they continued to attempt to harm his interests through lawyers and employees. Currently, both parties' lawyers are prepared for private mediation and settlement, but he is unwilling to exchange silence for money and chooses to speak out. Hsin-Ju emphasized that he performed well during his employment, having received raises and bonuses, and that the lawsuit is not about money, fully aware that he may face adverse consequences when confronting an institution of $600-700 million scale.Hack VC responded that they are aware of the former employee's statement and express deep concern for his health, but there are significant differences in understanding of the events, and they are currently unwilling to publicly discuss details to respect his privacy.

According to on-chain analyst Ai Yi's monitoring, a certain address has accumulated 4,000 ETH in the past week, currently showing an unrealized profit of $166,000.The total value of ETH withdrawn from this address is $9.596 million, with an average price of $2,399. ETH is the only asset held by this address.

According to Nikkei Asia, Alibaba Group announced that it will raise HKD 80 billion (approximately USD 10.2 billion) through a new share placement to investors outside the United States, with all proceeds being invested in the company's full-stack AI capability development.Alibaba is increasing its investment in the field of artificial intelligence, as the competition between China and the United States in cutting-edge models and the underlying infrastructure continues to heat up. This financing aims to support its comprehensive layout of AI-related technologies and capabilities.

The metaverse gaming platform The Sandbox confirmed that there is a vulnerability in its cross-chain bridge, allowing attackers to mint uncollateralized SAND on Base and BNB Smart Chain. Blockchain security company PeckShield discovered on August 21 that two addresses had collectively minted approximately 1.49 billion SAND, prompting The Sandbox to shut down the bridging functions for both networks.The Sandbox stated that the affected assets are those bridged on Base and BNB Smart Chain, while SAND on Ethereum and Polygon, user wallet assets, and Ethereum locked assets used to support the tokens remain unaffected. The incident involved a proportion of real collateralized assets that is less than 0.01% of the total supply of SAND. The Sandbox is formulating a compensation plan for the affected liquidity providers and advises users not to trade SAND on Base or BNB Smart Chain until the bridging function is restored.Coinbase plans to delist 10 perpetual futures contracts, including SAND, on August 26, at which time any open positions will be automatically settled.

According to on-chain analyst Ai Yi (@ai_9684xtpa), BTC has fallen below $76,000, and the whale "set 10 big targets" for short positions has returned to profitability. Their holdings include:BTC short position: 1,830.724 coins, valued at approximately $139 million, with an opening average price of $76,397.56, currently with an unrealized profit of about $800,000;ETH short position: 12,756.739 coins, valued at approximately $30.25 million, with an opening average price of $2,371.57, currently with an unrealized loss of about $30,000.It is currently unclear whether this address has closed its positions or has reopened short positions after previously reducing its holdings.

According to a report by the Korean News Agency, the Financial Supervisory Service of Korea submitted data to the National Assembly's Political Affairs Committee, revealing that as of the end of July, the five major virtual asset exchanges in Korea (Upbit, Bithumb, Coinone, Digital Asset Exchange, Gopax) have registered a total of 6,590 corporate accounts.In terms of the distribution of exchanges, Bithumb has the highest number of registered corporate accounts, reaching 3,280; the operator of Upbit, Dunamu, has 2,086 accounts. The two major exchanges account for a total of 5,366 corporate accounts, which is 81.4% of the total. Additionally, Korbit has 620, Coinone has 539, and Gopax has 65.In terms of compliance, there are a total of 711 corporate accounts that have completed customer identity verification (KYC), accounting for 10.8% of all corporate accounts. Among them, Upbit has the most with 290; Bithumb has 199, Korbit has 184, and Coinone and Gopax have 33 and 5, respectively. In terms of the scale of virtual asset holdings, Korean corporate accounts hold approximately 43.377 billion Korean won (about 31.2 million USD), with Upbit having the highest share, holding approximately 27.08 billion Korean won, accounting for 62.4% of the total; Bithumb holds about 6.29 billion Korean won, and Coinone holds about 5.15 billion Korean won. The deposit scale of corporate accounts is approximately 9.13 billion Korean won.

Neko Health is collaborating with the brain-machine interface company Neuralink, and Neko will assist in screening candidates for Neuralink's next round of trials.

According to the latest Bitmine holding data, the treasury company holds a total of 5,815,164 ETH, with an average cost price of 3,366 USD. If calculated at the current ETH price of 2,436 USD, the total holding's unrealized loss has narrowed to 5.408 billion USD, having previously exceeded 10 billion USD at one point.

The Sandbox official stated that the team has confirmed and fully controlled the recent SAND cross-chain bridge vulnerability incident, involving the Base and BNB Smart Chain (BSC) networks.The official said that the impact of this incident is limited, involving less than 0.01% of the total supply of SAND tokens. SAND on Ethereum and Polygon is unaffected, and user wallets have not been compromised; related token holders and liquidity providers do not need to take action.According to disclosures, the attacker minted uncollateralized SAND tokens on the Base and BSC networks through the vulnerability. Currently, The Sandbox has disabled the SAND cross-chain functionality on both networks, and SAND on Base and BSC has been isolated, temporarily unable to be transferred or exchanged.The Sandbox reminds users not to buy, sell, or trade SAND on the Base and BSC networks, as liquidity on these networks has been affected.The team stated that they have completed a snapshot before the incident and are formulating a compensation plan for affected liquidity pool (LP) users, while continuing to investigate the scope of the vulnerability's impact. A complete incident report and technical review will be released subsequently.

According to TradingBeats monitoring, the trading performance of the address of Ma Ji Da Ge Huang Li Cheng has recently reversed significantly. After experiencing nearly 500 liquidations, his account grew from $152,000 to over $10 million in just 3 days.However, during the recent short-term plunge in cryptocurrency prices that occurred in the past 2 hours, the asset balance in his account decreased from $12.8 million to $10.8 million within 80 minutes, showing significant volatility. He still holds 888.88 BTC long positions and 19,100 ETH long positions, with a floating loss of $470,000 on Bitcoin long positions and a floating profit of $2.17 million on Ethereum long positions.

According to Onchain Lens monitoring, Loracle (0x8def...2dae) has a short position of 685,700 HYPE worth approximately 56.39 million USD, with an unrealized loss of 19.55 million USD; its historical cumulative loss has reached 35.31 million USD. The liquidation price of this position is 101.16 USD, and the HYPE price has surpassed 82 USD, setting a new historical high.