pla

Ayo Akinyele, Senior Director of Engineering at Ripple, stated that the company is developing a four-phase quantum-resistant migration plan for the XRP Ledger, aiming to complete the transition before quantum computers become a real threat. The plan includes assessing the network's exposure, testing quantum-resistant cryptographic solutions, running existing security systems in parallel with quantum-resistant alternatives, and preparing emergency response pathways for scenarios where quantum computing advances exceed expectations.Akinyele emphasized that migration is not just about replacing a cryptographic algorithm, but requires more flexible infrastructure, stronger key management, and clearer upgrade paths. The XRP Ledger has supported changing the keys that control accounts without altering the accounts themselves, a feature that is expected to reduce the difficulty of future migrations, but independent validators on the network still need to coordinate any broader rule changes.Meanwhile, Anthropic's model last month reduced the workload required to break leading post-quantum signature candidates by 67 million times, and Bitcoin and Ethereum developers also released their respective migration plans this week. Akinyele pointed out that AI and quantum computing are different technologies, but they are driving financial infrastructure to evolve in the same direction, as AI agents begin to trade and pay autonomously, raising new requirements for payment infrastructure that is always online and natively internet-based.

B.AI platform announced yesterday that its free model lineup is fully ready, covering six top models including GLM-5.3-Flash, DeepSeek-V4-Flash, DeepSeek-V4-Flash-Vision-Exp, Hy3 (Tencent Hunyuan), MiMo-V2.5 (Xiaomi), and Qwen3.8-Flash, all available to users with zero barriers for free.Among them, the debuting GLM-5.3-Flash is the "Ox Alpha" that has attracted widespread attention. As the first native multimodal model in the GLM-5 series, it features a total of 320B parameters and 18B active parameters, using a sparse + linear attention hybrid architecture and supporting 1M ultra-long context, combining rapid response with strong reasoning capabilities, making it the cost-effective choice for high-frequency calling scenarios. This free lineup covers various scenarios including pure text, multimodal, code generation, and Agent scheduling. Whether developers or deep AI users, they can access cutting-edge large model capabilities at zero cost through the B.AI platform, simply by logging in at chat.b.ai/chat to start an efficient workflow.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $6.945 billion, with long positions totaling $3.289 billion, accounting for 47.36% of the holdings, and short positions totaling $3.655 billion, accounting for 52.64% of the holdings. The profit and loss for long positions is $338 million, while the profit and loss for short positions is -$359 million.Among them, the whale address 0x92ea..e9 has taken a 3x leveraged long position on BTC at a price of $77,089.9, currently showing an unrealized profit and loss of $1.263 million.

According to Lookonchain monitoring, the Japanese listed company MetaPlanet deposited 3,000 BTC (worth $237 million) into Coinbase Prime in the past 24 hours.

At the Bitcoin Asia Conference, Simon Gerovich, CEO of the Japanese listed company Metaplanet, stated that the bottom of Bitcoin has already appeared, and the opportunity moment for Asia has arrived. He pointed out that the past few cycles belonged to the West, while the first Asian cycle has begun.Gerovich revealed that since Metaplanet shifted from hotel and technology businesses to Bitcoin reserves in 2024, it currently holds approximately 43,000 Bitcoins, valued at about $3.3 billion. He emphasized that Japanese households hold about $14 trillion in financial assets, with approximately half stored in nearly zero-yield bank deposits, and these savings are looking for new destinations.Gerovich called on Asian businesses, institutions, and savers to seize the current market conditions and build Bitcoin infrastructure in their respective regions. He stated that the end of cash hoarding strategies coinciding with the introduction of new regulatory rules together constitute the biggest opportunity in today's Asian market.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale has made a single purchase of $82,000 on "Manchester City FC" in the event "Crystal Palace FC vs Manchester City FC." Based on the current transaction price, the latest corresponding winning probability for this target is 41%.

Financial services giant Charles Schwab announced on Thursday that it plans to add Solana, Avalanche, and Chainlink to its cryptocurrency trading platform in the coming months, further expanding beyond Bitcoin and Ethereum, but did not provide specific launch dates. This addition comes about three months after Charles Schwab introduced direct trading of Bitcoin and Ethereum to some retail clients, who previously could only gain exposure to cryptocurrencies through exchange-traded products and stocks of companies like Coinbase and Strategy, without the ability to directly purchase cryptocurrencies.Joe Vietri, head of digital assets at Charles Schwab, stated that this expansion will provide clients with more options for digital asset allocation. Solana focuses on fast, low-cost transactions, Avalanche supports businesses and developers in creating custom blockchains, and Chainlink connects blockchains with external information, providing data such as asset prices for smart contracts. Clients can buy and sell these cryptocurrencies on the official website, mobile app, and thinkorswim platform, with a fee of 75 basis points (0.75%) per transaction.

According to Politico, four informed sources revealed that U.S. House Speaker Johnson plans to meet with Republican super donor Elon Musk in Texas on Friday. This meeting comes as Johnson is campaigning for Republican candidates across Texas ahead of the midterm elections. It is also the latest sign that Republican leaders hope Musk will contribute significantly to help the party maintain control of Congress.Sources indicated that Musk's schedule is subject to change, and the meeting may be adjusted at the last minute. Reports suggest that the tech billionaire is considering investing at least $100 million through his super PAC "Americapac" for the Republican Party in this year's midterm elections, but it remains unclear where those funds will ultimately go. Two of the aforementioned informed sources disclosed that some Republicans believe Musk is considering directing part of the funds to key battleground districts for House Republicans.

According to Cointelegraph, Bitcoin failed to effectively break through the $80,000 mark, with BTC/USD dropping to $78,442 on the Bitstamp platform, a decline of about 1% for the day, after Federal Reserve Chairman Kevin Walsh delivered a cautiously toned speech in Jackson Hole. In his speech, Walsh reaffirmed the Fed's commitment to the 2% inflation target and downplayed the significance of the recent decline in CPI and PCE data.Walsh stated that although these broad inflation indicators have significantly retreated from their highs a few years ago, the progress over the past two years has been relatively modest. The better-than-expected PCE and CPI readings this summer do not indicate that the underlying trend has materially improved. He also noted that the forward guidance, a conventional practice introduced during the financial crisis, "is now outdated" and will not return in the future. U.S. stocks were not weighed down by his remarks, with the S&P 500 and Nasdaq indices both rising by about 0.5%.On-chain data shows that there is a dense resistance zone between the current spot price and $86,000, which suppresses upward momentum. QCP Capital analysis pointed out that even if the price breaks through, the derivatives market needs to support it by controlling funding rates and the growth rate of open interest. The key is whether the subsequent market movement is driven by spot participation or leveraged positions. As of the time of writing, BTC/USD has risen 26.35% this month, marking the best August performance since 2017.

SBI Holdings, a Japanese financial services group, announced an investment of $270 million in the Indonesian multi-asset investment platform Ajaib Group, acquiring approximately 20% minority equity, making the Jakarta-based Ajaib an equity method associate of SBI. Ajaib confirmed this strategic investment in a LinkedIn post on Friday, stating that it is the largest tech financing in Indonesia since 2022, bringing its total funding since 2019 to over $500 million.Ajaib offers investment channels including domestic and international stocks, bonds, mutual funds, exchange-traded funds, crypto assets, stablecoins, commodities, and foreign exchange, while also covering payment and savings services, and providing over-the-counter stablecoin settlement services and liquidity support for Indonesian businesses and institutional investors. SBI stated that this collaboration will promote the adoption of digital assets in Asia and continue to expand its business footprint in the region.The SBI Group operates the Japanese crypto exchange SBI VC Trade, the Singapore exchange Coinhako, and the UK market maker B2C2. Other digital asset projects include the yen stablecoin JPYSC and the Layer 1 blockchain Strium developed for financial applications. SBI Holdings Chairman and President Yoshitaka Kitao stated that in the era of tokenization, the importance of global infrastructure for digital assets is increasingly prominent. SBI is establishing a network of digital asset exchanges in Southeast Asia through the "SBI APAC Digital Economic Zone" initiative, and Ajaib's model of combining traditional financial products with digital assets aligns with this strategy.

DWF Ventures released a report stating that as trading fees continue to approach zero, social trading is becoming a new direction for financial trading platforms to compete for users and build moats.The rise of social trading stems from users seeking validation from others and references for investment decisions. From early brokerage copy trading to investment communities like Reddit and Stocktwits, and now to platforms that combine real position verification, trading signals, and social relationships, social trading is evolving from a simple copy trading tool into a product form that integrates trading, content, and social interaction. As trade execution becomes increasingly homogenized, the future competitive advantage of platforms may come more from network effects, resources of well-known traders, and exclusive information and distribution capabilities.Analysis suggests that social trading platforms are forming a clear growth flywheel: platforms attract well-known traders and their fans, traders build reputations through public trading, fans amplify market influence by following trades, which in turn increases the visibility of traders and the user base of the platform. Public calls for trades may even generate a certain "self-fulfilling" effect in this process.Platforms also lower the entry barriers for users through one-click trading, low-threshold acceptance, trading competitions, and fee incentives, and leverage the social influence of top traders to facilitate user migration. In the future, the social trading ecosystem in the cryptocurrency and traditional stock sectors may further integrate, and platforms that master trader, user attention, and information flow are expected to form stronger network effects.However, social trading also faces significant structural risks. Data shows that among approximately 292,000 wallets analyzed by the Fomo platform over the past three months, only 6.16% achieved profitability based on realized gains. Followers lack independent investment logic and are easily influenced by herd behavior, while there may also be conflicts of interest between traders and followers.Furthermore, even if platforms can verify public positions, traders may still establish undisclosed positions through other wallets, making information asymmetry difficult to eliminate completely. Analysis suggests that as the boundaries between trading and entertainment continue to blur, platforms that can establish unique information layers, gather quality traders, and form network effects may gain an advantage in the competitive social trading market.

According to The Information, the Trump administration is studying a new regulatory rule for artificial intelligence chips aimed at limiting the remote acquisition of computing resources for advanced AI chips in the United States.The report states that after Trump begins his second term in 2025, the White House announced the withdrawal of the AI Diffusion Rule introduced during the Biden administration. Currently, a small team within the U.S. Department of Commerce is working on a smaller, more targeted alternative plan to restrict geopolitical competitors from accessing advanced AI chips through remote methods such as cloud computing.The rule is still in the drafting stage, and specific restrictions have not yet been clarified, but it indicates that the U.S. government may re-strengthen regulations on the cross-border acquisition of advanced AI computing power, focusing on the possibility of circumventing physical chip export restrictions through remote computing services.

According to The Block, research and brokerage firm Bernstein stated that Bitcoin mining company IREN plans to invest $25 billion to $30 billion to expand its AI cloud business in fiscal year 2027. This scale of capital expenditure may "scare the market," but analysts believe investors are overlooking the improving economic benefits.Bernstein analyst Gautam Chhugani pointed out in a report to clients on Friday that the payback period for GPU capital expenditures has shortened from about three years under the 2025 Microsoft contract to about two years. IREN's fiscal year 2026 performance released on Thursday showed that AI cloud service revenue grew nearly eightfold from $16.4 million the previous year to $128.8 million, while Bitcoin mining revenue reached $578.2 million, a year-on-year increase of 19%. Total revenue rose from $501 million to $707 million, but the company recorded a net loss of $702.6 million, partly reflecting a $638.8 million impairment due to the retirement of Bitcoin mining hardware to support AI cloud expansion.Bernstein stated that IREN currently has an annualized run rate revenue of $1 billion from operating cloud and $4 billion in contract revenue, with its 2026 capacity nearly sold out. In addition to the expected $700 million related to the Nvidia contract in 2027, IREN's total contract cloud ARR amounts to $4.7 billion. Over the past 12 months, IREN has raised $19 billion through customer prepayments, GPU financing, convertible bonds, and equity issuance.

SoftBank Group is seeking an additional $10 billion loan to refinance the related debt incurred from its investment in OpenAI and to raise further funds. According to informed sources, this loan has a term of two years and an interest rate approximately 275 basis points higher than the secured overnight financing rate (SOFR), with Mizuho Bank serving as the lead arranger and bookrunner.

According to Bloomberg, billionaire Mukesh Ambani's Reliance Industries' digital and telecommunications business unit Jio Platforms has received regulatory approval, clearing a key hurdle for its long-awaited initial public offering (IPO). According to the official website of the Securities and Exchange Board of India (SEBI), the agency issued a letter of opinion to Jio Platforms within a week, indicating that it has been authorized to advance the IPO process.The listing plan for Jio Platforms has attracted significant market attention, as the company launched the reward token JioCoin, developed on the Polygon blockchain, last year. Community users have reported that the token has been integrated into Jio's web browser JioSphere.

According to Bloomberg, citing informed sources, a consortium formed by private equity firm Advent and payment processor Stripe has decided to abandon its acquisition of fintech pioneer PayPal Holdings Inc. This potential deal could have become one of the largest leveraged buyouts in history.Informed sources said that the group is no longer pursuing the acquisition of PayPal. Previously, insiders had indicated that the consortium had made an offer of over $50 billion. Relevant individuals requested anonymity as the information has not been made public.

According to Morningstar, the AI platform Owner, aimed at local businesses, announced the completion of a $240 million financing round, with the company valuation reaching $2.3 billion. This round of financing was led by Growth Equity under Goldman Sachs Alternative Asset Management, with participation from existing investors Meritech, Redpoint, Headline, and Jack Altman.The company uses AI Agents to automatically complete marketing promotion, customer communication, and operational optimization services for local businesses. The new funds are intended to expand international operations and develop local business scenarios.

Samsung Electronics has launched the passport-type foldable smartphone Galaxy Z Fold8 this year, and the supply of display driver chips (DDI) is tight. The demand for Z Fold8 has exceeded expectations, and Samsung is increasing component orders. However, this DDI is designed by Samsung's System LSI Division and produced by Taiwan's foundry UMC using a 22-nanometer process, which has reached its production capacity limit, making it difficult to advance the production schedule.Industry insiders say that UMC's 22-nanometer production line is also manufacturing other chips, and Samsung's request for super urgent service was rejected. Samsung plans to prioritize the DDI quantity originally reserved for development next year for mass production this year. The typical time from wafer to finished product takes about 4 months, and the finished product is then assembled after being bonded with Samsung's OLED. Samsung is also increasing orders for hinges and ultra-thin glass (UTG). The demand for Z Flip8 is in line with lower expectations, and Apple also plans to launch a passport-type foldable product in the second half of this year.

The security team of the open-source wallet provider OneKey successfully replicated the exploitation of a vulnerability in the old version of the Ledger Ethereum application in a laboratory environment. OneKey's founder and CEO Wang Yishi stated that they executed a "transaction replacement attack" on Ledger Ethereum application version 1.22.1 by exploiting a previously patched vulnerability, allowing attackers to overwrite pending transactions while users review legitimate transactions.Ledger responded that exploiting this vulnerability requires controlling the communication between the device and the host, such as through malware, compromised wallet software, or malicious web pages. Ledger has added application layer protections in the Ethereum application version 1.22.2 released on August 13 and fixed the underlying issue in Secure SDK 26.6.1 on August 21. Ledger emphasized that no users were hacked as a result; this was merely a replication of the vulnerability in a laboratory environment.This security test occurred after the Coldcard vulnerability incident. Previously, the Coldcard wallet had a firmware vulnerability that posed security risks to some mnemonic phrase generation, but Ledger stated that its devices were not affected by this vulnerability because recovery phrases are generated by a certified random source built into the device's secure chip. The vulnerability replicated by OneKey is unrelated to mnemonic phrase generation but affects the way transactions are processed during the signing process.

Market news: Anthropic plans to release its IPO prospectus after Labor Day (September 7) in the United States, and may go public in late September or early October.