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Coinbase announced the architecture and application of its internal AI system "CEEcil." This system is not just a simple chatbot; it is designed to function as an AI agent similar to a "team member," which can be @mentioned in Slack and possesses long-term memory, proactive follow-up, and judgment capabilities.CEEcil retains team context through a three-layer memory mechanism: it continuously extracts information such as decisions, blockers, and responsible parties from authorized channels in the background; integrates short-term observations into long-term summaries every night; and retrieves historical memories, recent conversations, and real-time data as needed when answering questions. The system also employs a layered model architecture, prioritizing simple queries to be processed through APIs or knowledge bases, while only delegating complex, multi-step tasks to stronger AI models to reduce costs and delays.Coinbase stated that CEEcil is currently able to assist teams in handling production incidents and answering expert knowledge that would normally take hours to obtain; in the future, it hopes to expand this model into multiple AI agents tailored for specific teams, allowing AI not only to "answer questions" but also to retain memory, actively participate, and complete actual work.

According to Lookonchain monitoring, a certain address created a new wallet and deposited 4 million USDC, shorting 300 BTC with 30x leverage, with a position value of 23.76 million dollars and a liquidation price of 90,820.04 dollars.

According to Lookonchain monitoring, the Lazarus Group hackers transferred 244.148 Bitcoins, worth 19.42 million dollars.

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.

The U.S. Securities and Exchange Commission (SEC) has filed civil lawsuits against 38 entities, accusing them of making significant false statements in the Form ADV documents submitted between 2025 and 2026, in order to present themselves as legitimate U.S. investment advisors and attract retail investors.The defendants include several entities involved in cryptocurrency business, such as CryptoOrbit, Ftaexchange, Pinnacle Crypto Exchange, Quantum Financial Institute, and RBH Infinity Exchange. The SEC has removed the relevant ERA filings of the aforementioned 38 entities from its website and is seeking a permanent injunction and civil penalties.

According to monitoring by Onchain Lens, the Hyperliquid trader pension-usdt.eth's short position of $191.6 million in ETH held over the past two months was ultimately liquidated, resulting in a loss of approximately $23.93 million.Nevertheless, the trader has still accumulated an overall profit of about $17.22 million.

The Irish National Police (An Garda Síochána) reported that during a special operation against organized crime in the Galway area, police searched two properties and froze two cryptocurrency accounts worth approximately $900,000 in total. In addition, the police also froze a bank account containing €25,000 (approximately $29,100), and seized €9,300 in cash and drugs valued at approximately €18,300 (including amphetamines and cannabis).A man in his 40s involved in the case has been arrested and charged, and the investigation is ongoing.

On August 20, MANTRA Chain released a complete review report of the security incident, confirming that the attacker exploited an unsigned integer underflow vulnerability in the balance accounting layer of the upstream dependency cosmos/evm, unauthorizedly transferring a total of 720,923,967.99 MANTRA from two addresses, valued at approximately 3.6 million dollars based on the price before the attack. Among them, the attacker transferred 600,000,035.56 MANTRA from the on-chain burn address and 120,923,932.44 MANTRA from a genesis-era multi-signature address related to an early incentive program.MANTRA stated that this incident did not involve the leakage of validator keys, administrator privileges, governance control, or multi-signature signers; the attacker did not require privileged access and could complete the attack solely through unauthorized contract deployment and self-funded wallets. The first abnormal transfer occurred at 19:06 UTC on August 20, when the attacker transferred approximately 600 million MANTRA from the burn address; subsequently, at 22:59 UTC, another transfer of approximately 120.9 million MANTRA was made. The chain subsequently stopped operating at 23:13 UTC and resumed after upgrading to v8.4.0. The entire network interruption lasted for 30 hours and 13 minutes.This vulnerability was not an issue with MANTRA's self-developed code but originated from the cosmos/evm module, which is responsible for providing EVM functionality on the Cosmos SDK. The vulnerability allowed the attacker to execute unsigned balance deductions without checking if the balance was sufficient, causing an overflow of values and bypassing normal account authorization logic. MANTRA stated that as of today, no funds have been recovered, with approximately 37.96 million MANTRA (accounting for 5.27% of the total transferred) still remaining in the attacker's address, which has been frozen due to the chain's suspension and v8.4.0 restrictions. The remaining funds have flowed to related trading platforms, and the recovery efforts have entered the law enforcement investigation stage. In the future, monitoring of accounts that cannot normally authorize transfers, burn addresses, and other historically "non-transferable" addresses will be strengthened, and efforts will be made to promote improvements in the security vulnerability disclosure process within the Cosmos ecosystem.

According to OnchainLens monitoring, a certain whale unstaked 907,200 HYPE tokens, worth approximately 7.59 million USD, after staking for 4 months, and transferred them to the Bybit platform.

The blockchain gaming platform The Sandbox stated that it will compensate users who held bridged SAND on Base or BNB Smart Chain at a 1:1 ratio before the bridge vulnerability attack, with compensation provided in Ethereum-based SAND from the project treasury, and there will be no token issuance. This attack resulted in the theft of approximately 14.744 million SAND from the Ethereum treasury, valued at about $700,000.The application process is expected to open within two weeks and will last for two weeks; over 72% of the balances held by two centralized exchanges that meet the compensation criteria will be directly compensated to affected customers. The Sandbox indicated that the attacker exploited a configuration vulnerability in the SAND contracts on Base and BNB Chain, becoming the sole validator of bridge messages and minting unbacked tokens. Additionally, over 339 trillion unbacked SAND was minted on the two networks but has been isolated and cannot be cross-chain or exchanged; SAND on Ethereum and Polygon remains unaffected, and the compromised bridge contracts will be permanently disabled.

The core development team of Solana, Anza, announced that the Solana testnet has enabled the first phase of the SIMD-0437 proposal, and the account rent reduction mechanism has begun testing. This proposal includes a total of 5 functional gates, with only the first functional gate currently activated, and all adjustments have not yet been completed and deployed to the mainnet.Once all 5 phases are completed, the storage cost parameter lamports_per_byte for Solana will be reduced from 6960 to 696, resulting in an overall reduction of 90%. For example, in the case of token accounts, the deposit required to maintain an account in a rent-exempt state is expected to decrease from approximately $0.16 to $0.016, thereby lowering the costs of account creation and application deployment.

Researchers at the Federal Reserve Bank of Dallas, abbreviated as Dallas Fed, indicate that tokenized deposits and real-time blockchain transfers may weaken bank liquidity and limit their ability to issue long-term loans. The study was authored by Rosie Levy and Srini Ramaswamy.The research points out that of the $7 trillion in term risk borne by U.S. banks, approximately 80% is supported by the term characteristics of traditional deposits. If the weighted average term of deposits shortens by 10%, the banking system's term transformation capacity will decrease by about $580 billion, potentially increasing liquidity risk and pressure for fund outflows. Chris Turner, co-founder of Kula, stated that the speed of token transfers does not equate to the legal settlement of underlying financial claims. Tokens can be transferred through the blockchain network in seconds, but payments, ownership, and legal claims still rely on banks, custodians, clearing systems, and regulatory registries to complete the settlement.

According to token unlocking data from the crypto asset data platform RootData, Momentum (MMT) will unlock approximately 12.53 million tokens at 10:00 AM Beijing time on September 4, worth about 2.03 million USD.

According to monitoring by Ai Yi, a bit-related entity that previously profited approximately 55.095 million USD from ETH long positions is suspected to be starting to lay out a second round of long positions. Its new address received a margin of 10 million USDC yesterday, and then opened long positions of 6,000 ETH, with a position value of approximately 14.98 million USD and an average opening price of about 2,492 USD.Based on its previous operations, the current position may only be the first round of building, and there may be further additions to the position.

According to TenArmorAlert monitoring, the CCC token on the BSC chain was attacked, resulting in a loss of approximately $117,000.The attack exploited the contract's sell() function to destroy CCC tokens from the LP pool, causing abnormal price fluctuations.

According to Ai Yi's monitoring, trader Trader-DoshiAtoll has once again stopped loss on 100 BTC short positions this morning, with a loss of approximately 1.335 million USD, and the related short opening price dropped to a minimum of 67,338.1 USD.Currently, this trader only has 198 BTC of 40x leverage short positions left, with a position value of approximately 13.47 million USD, a liquidation price of about 81,000 USD, and a current floating loss of approximately 2.514 million USD. In the past 30 days, their account has accumulated a loss of about 5.91 million USD.

According to monitoring by Catcher Predict, in the market prediction on Polymarket for the event "LoL: Contingent Esports vs. University of Mississippi," the "Contingent Esports" option in the sub-market "Fourth Match Winner" has experienced significant fluctuations in winning probability, soaring from 44% an hour ago to the current 62% (a fluctuation of 18%). Please note the impact of related breaking news.

According to onchainlens monitoring, the BlackRock associated ETF wallet received 2559.28 BTC in the past 9 hours, worth approximately 205.6 million USD, and also received 9340 ETH, worth about 23.53 million USD, totaling an increase of approximately 229 million USD.

According to on-chain analyst Onchain Lens, the Bitwise-owned BHYP wallet transferred 82,580 HYPE (approximately 7.11 million USD) to Hyperliquid 5 hours ago.In the past 6 days, a total of 145,170 HYPE has been transferred, with a total value of approximately 12.04 million USD.

Bitwise CEO posted on the X platform, stating that approximately $100 million in funds flowed into Bitwise's ETPs in the United States. Among them, Solana accounted for about $40 million, Bitcoin about $22 million, Hyperliquid about $20 million, XRP about $12 million, and Ethereum about $1.4 million, ranking in the top five for fund inflows.Investors are increasing their exposure to crypto assets.