move

The decentralized oracle protocol Switchboard tweeted that there were reports last night about a possible intrusion on the Switchboard network implemented in the Move language. Contributors have coordinated with relevant teams and security organizations to suspend the Switchboard network on Aptos, Sui, Iota, and Movement.Although there have not been similar reports of an intrusion on the Solana implementation, users are advised to migrate to other alternatives at least temporarily as a precaution, while the issue is under investigation. More details will be announced later.

According to CoinDesk, six Bitcoin wallets that were active from 2011 to 2014 and had not moved since transferred a total of 553.59 BTC, worth about $40 million, between August 16 and 26. Five of the wallets sent Bitcoin to addresses with no known exchange associations, while one wallet transferred 40 BTC to the German crypto custody and trading service provider Boerse Stuttgart Digital. Additionally, two of these wallets are linked to a lawsuit in New York, where the pseudonymous plaintiff Noah Doe is seeking control over Bitcoin held in 39,069 dormant addresses under the state's lost property law. Data from Galaxy Research shows that the on-chain movement of dormant Bitcoin fell to its lowest level since 2022 in the second quarter, with the total movement expected to be less than half of last year's for the entire year of 2026. Galaxy Research director Alex Thorn stated that none of the many whale clients he interacts with cited quantum computing risk as a reason to sell, but some institutional investors are indeed avoiding buying Bitcoin for this reason. Following the disclosure of a vulnerability in the Coldcard hardware wallet, approximately 210,000 BTC left long-term holder wallets within a week.

HyENA announced that it will cease operations and close all markets, with user funds unaffected. The official statement indicated that HyENA was built on the Hyperliquid HIP-3 standard and Ethena's USDe, allowing traders to earn profits while using USDe as margin for trading perpetual contracts, processing a cumulative trading volume of over $4 billion, serving more than 12,000 traders, and distributing nearly 2.5 million USDe rewards to margin users.The official statement noted that with the further alignment of Hyperliquid and USDC, the development space for USDe margin on the platform has changed, leading to the decision to terminate HyENA. Markets will be delisted in the order of one market per hour from August 31 to September 2, with positions automatically settled at the final marked price, and margins returned to the spot balance. HLPe deposits can be claimed at a 1:1 ratio along with accumulated rewards and withdrawn via Upshift, with the final reward distribution date set for August 27 and the final affiliate commission payment date on September 9.Additionally, the Ethena exchange reward program ended in June 2026, and HyENA points will remain in their final state, with no snapshots, conversions, or distributions taking place, and they hold no monetary value. The official emphasized that HyENA has no tokens and no issuance plans.

BitMEX co-founder Arthur Hayes stated that Bitcoin has been hovering around $80,000 for most of this week, which may cause Strategy's Bitcoin strategy to lose its operational basis. Strategy currently holds 840,447 Bitcoins and needs to pay approximately $1.5 billion in dividends for STRK and STRC each year.The enterprise value mNAV of digital asset treasury company Strategy is approximately 1.01 times, with the underlying mNAV and diluted mNAV being approximately 0.73 times and 0.74 times, respectively, as of August 27, which is close to the book value of its held Bitcoins. Arthur Hayes pointed out that Michael Saylor can choose to issue new shares, directly sell Bitcoins, or cut preferred stock dividends. The dividend yield for STRK is 8%, while the dividend yield for STRC is between 10% and 11.5%.

According to Binance spot data, the market has experienced significant fluctuations. The MOVE has increased by 14.63% in the last 24 hours and reached a new high for today.At the same time, PROM has decreased by 10.38% in the last 24 hours, showing a "high and then low" state, and CHIP has also shown a "high and then low" state, with a decrease of 8.63% in the last 24 hours. In addition, MRVLB has reached a new low for today, with a decrease of 5.97%, and MVLLB has also reached a new low for today, with a decrease of 11.33%.EDEN and MUUB have respectively shown a "bottoming out and rising" state, with increases of 5.59% and 5.26%.

After the trade negotiations between Canada and the United States broke down, negative sentiment among Canadians towards the U.S. has intensified, and the movement to boycott American goods has resurfaced. The U.S. imposed a 50% tariff on $20 billion worth of Canadian goods, and Canada announced that it would impose equivalent retaliatory tariffs on the U.S. starting September 8.Surveys show that 52% of Canadians are unlikely to buy American cars, 60% will not buy American alcohol, and over 70% will not buy American eggs and dairy products.

According to The Wall Street Journal, Google (GOOG.O) is restructuring its AI organization by moving the AI responsibility team out of the DeepMind lab.

According to reports from The Paper and others, on August 24, consumers claimed that the Taobao Tmall store "SKhynix Flagship Store" suddenly announced the termination of its operations, raising concerns about the after-sales warranty of the purchased memory modules. The store's homepage indicated that it plans to voluntarily terminate operations on September 9, 2026, and has removed all products, making it currently impossible to search for the store directly on Taobao.Customer service on the Taobao platform stated that if an order is still within the after-sales validity period after the store closes, customers can apply for repairs or refunds on the order details page; if there is no after-sales entry or the seller has not processed it, customers can contact platform customer service for assistance or check if they are entitled to the brand's official warranty. On August 25, SK Hynix's stock price opened lower and continued to decline, falling more than 4% as of the related report.In another report, members of the SK Hynix union voted against a preliminary wage agreement reached after two months of negotiations, with 50.08% of the 15,045 employees who participated in the vote opposing it, with only a 25-vote difference between approval and disapproval. The agreement originally included a 6.3% wage increase and adjusted the profit-sharing bonus to 40% cash and 60% company shares, whereas it was previously distributed entirely in cash.

Data released by HODL15Capital shows that sell orders for Bitcoin around the price of $80,000 mainly come from the Binance trading platform. Among them, Binance has approximately $31.98 million in sell orders near $79,945, about $13.2 million in sell orders near $80,000, and around $33.27 million in sell orders near $82,500; Coinbase has about $38.74 million in sell orders near $80,000.HODL15Capital analysis indicates that some of these sell orders have been posted for a long time, for example, the sell orders near $80,000 on Binance have been around for about 99 days, and the sell orders near $82,500 have been around for about 108 days. Therefore, it is believed that the current sell wall may not be as strong as it appears, and it will be necessary to wait until BTC gets closer to $80,000 to confirm whether these orders are genuinely intended for sale or if they will continue to move the sell orders higher.

The Hungarian Parliament passed Bill XXXVIII of 2026, which abolishes legal provisions related to cryptocurrency asset conversion services, including the verification requirements that European exchanges must pass to operate legally in Hungary. The bill was voted on and passed on July 31 and came into effect on August 7.This abolition simultaneously cancels two charges related to cryptocurrency assets: unauthorized trading of high-value cryptocurrency assets can result in a maximum of 5 years in prison, and violating verification obligations when providing cryptocurrency exchange services can result in a maximum of 8 years in prison. The relevant provisions were criticized for overlapping with the EU MiCA framework.

According to Bitcoin.com, the Australian Securities and Investments Commission (ASIC) disclosed that in the fiscal year 2026, over 19,400 online scams were removed (a year-on-year increase of 182%), among which cryptocurrency investment scam platforms reached 3,106, an increase of about 30% compared to the previous fiscal year.ASIC pointed out that scam groups are heavily leveraging generative AI technology to build a systematic fraud ecosystem: by using deepfake videos of well-known figures such as Australian Prime Minister Albanese and financial commentators to promote fake cryptocurrency trading robots, while simultaneously creating counterfeit media websites, AI-generated comments, and fake profit dashboards to lure victims into continuously increasing their investments, with funds ultimately flowing to overseas criminal groups. Just from the impersonation of high-profile individuals alone, the related losses have exceeded 7.4 million Australian dollars.

Harmony has released a rollback plan, intending to retain shard 0 block 92,730,034 and shard 1 block 94,978,278, both corresponding to the time of August 11, 2026, 23:25:37 UTC.Validators will use a replacement database, and the new client version will reject the relevant abnormal block hashes, subsequently continuing to produce blocks from the new block height.

According to CNBC, sources reveal that the Commodity Futures Trading Commission (CFTC) is conducting an internal review of the "mention markets" on prediction platforms. These markets allow traders to predict whether specific words will appear in scenarios such as speeches, company earnings call meetings, or television programs.Sources indicate that the CFTC notified Kalshi about the review a few weeks ago, after which Kalshi removed the mention markets related to sports from the platform. It is still unclear whether this review is only targeting sports-related contracts or if it covers all types of mention markets.

Strategy responded to MSCI's proposed changes to index inclusion standards by stating that digital assets are assets. Index providers should measure the market, not decide which assets companies can hold. MSCI's proposal disconnects it from the positions of regulators, the market, and its own clients. Bitcoin does not need MSCI, and Strategy does not need it either.Previously, global index provider MSCI proposed to add a "non-operating company" screening criterion to its global indices, which could remove companies like Strategy and Metaplanet that primarily hold Bitcoin assets from the relevant indices.

Renowned trader Doctor Profit posted that a historical indicator for Bitcoin is signaling that "the bottom has either formed or is very close." In 2015, 2019, and 2022, the bear market bottom formation phase began when the realized price of holders for 3 to 6 months fell below the realized price of holders for 1 to 2 years. He believes this indicates that newer buyers are capitulating and selling at a loss, with Bitcoin gradually transferring to longer-term holders.Currently, this crossover is appearing for the fourth time, while the BTC price is below the average cost of both categories of holders. However, historically, this signal does not immediately lead to a reversal; Bitcoin typically experiences several months of sideways movement to complete the bottoming process, so this phase can also be seen as a long-term accumulation range. He believes we are currently in the bottom formation and long-term accumulation phase of the bear market. Doctor Profit stated that over the past few weeks, he has been gradually buying BTC in batches within the range of $54,000 to $64,000, continuing to build his position incrementally with 5% of his portfolio each time.

According to South Korean media Edaily, the Financial Intelligence Unit (FIU) of South Korea announced that the amendment to the enforcement decree of the Specific Financial Information Act, aimed at strengthening regulation of the cryptocurrency industry, has been approved by the State Council.The main changes of the new regulations include: regulatory agencies will conduct stricter reviews of the qualifications of major shareholders of exchanges, while requiring that the debt ratio of exchanges must not exceed 200%. In addition, the previous Travel Rule only applied to transactions over 1 million won, but will now cover all transfers without a monetary threshold. Transactions involving overseas exchanges and personal wallets will be subject to differentiated control based on risk levels. The new regulations also require exchanges to be equipped with professional personnel and necessary equipment, and to establish internal control systems, with existing exchanges granted a one-year grace period. Some provisions will take effect on August 20, while those related to the Travel Rule will be officially implemented six months later.

The perpetual contract DEX Extended, developed by the former Revolut team, has announced the results of its points program update, excluding 5,038,989 points generated through non-natural or manipulative activities. This adjustment covers 4,017 affected accounts and 35 identified Sybil operations and other prohibited behaviors.After the update, the total amount of the points program is 64,673,031 points (as of August 10, 2026). The excluded points have been returned to the program budget, available for genuine participants to continue earning. The total allocation cap for the points program remains no more than 70 million.The review scope includes cross-account wash trading, self-referral, Sybil wallet groups, and coordinated multi-account activities, with adjustments made based on the quantitative rules under the points program terms.

BIP-110 soft fork has stalled due to support rates far below standard, with thousands of nodes isolated. Just two days after the incident, the Bitcoin BIP editing team removed the editing privileges of the proposal leader Luke Dashjr on Monday. Editor Mark Erhardt proposed a motion for dismissal, citing reasons including conflicts of interest, minimal contributions, leading a controversial fork, and coordination breakdown.Supporters pointed out that Dashjr used his editing privileges to favor the BIP-110 proposal, assigning numbers and quickly merging PRs before discussions on the mailing list, and has contributed less than 1% since April 2024. The peak signal support for BIP-110 was only 2.53%, far from the 55% threshold, and the forced chain has stalled at a height of 961,633. Ocean was the only mining pool signaling before the fork, and has now resumed non-BIP-110 work. Dashjr announced the suspension of his roles as Chairman and CTO of Ocean four minutes before the dismissal confirmation, shifting to Bitcoin open-source projects, but still serves as the chief maintainer of Bitcoin Knots. The price of Bitcoin was unaffected by the incident.