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The U.S. publicly traded company Hyperscale Data has terminated all Bitcoin mining operations at its Michigan facility to convert the site into infrastructure for artificial intelligence data center clients. The company stated on Wednesday that all Bitcoin mining machines in the facility have been shut down following an inspection by an unnamed California neocloud provider, and plans to sell the related mining equipment.Hyperscale Data stated that the client has signed a 10-year master service agreement, contracting 20 megawatts (MW) of AI computing power, with two optional extensions of 5 years each. The company estimates that this agreement could generate over $1.2 billion in revenue over the maximum 20-year term, and if the client exercises an additional 32 MW option, potential revenue could exceed $3 billion, while the site is expected to ultimately support 340 MW. However, the company also cautioned that its expansion plans are still in the preliminary stages and depend on financing, approvals, and other risks.Meanwhile, Hyperscale has significantly reduced its Bitcoin holdings to fund AI construction. Affected by the company's completion of a four-for-one reverse stock split and other factors, its stock price closed at $0.1984 on Wednesday, down about 17%, marking a record low adjusted for the stock split. According to BitcoinTreasuries.NET data, the company currently holds approximately 215 Bitcoins, valued at about $16.7 million, a decrease of about 79% from around 1,006 at the end of July, ranking 84th among publicly traded companies tracked on the platform.

Tether is expanding its business beyond stablecoins by launching an open-source AI translation model that can run offline on smartphones and laptops.These models support 19 African languages, and Tether positions this technology for use in education, healthcare, and other areas with limited internet access.

Crypto KOL Rune posted that his previously disclosed idea of "acquiring a Nasdaq-listed company and tokenizing equity on the Robinhood Chain" is actually a post generated by Claude, and the related data is all fabricated or exaggerated.Previously, Rune claimed to have acquired a 37.4% stake in a certain Nasdaq-listed company for $1.8 million and planned to pair the tokenized stock with a Meme coin.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "US Open ATP: Juan Manuel Cerundolo vs. Arthur Rinderknech," the sub-market "US Open ATP: Juan Manuel Cerundolo vs. Arthur Rinderknech Spread +/-1.5" for the option "Rinderknech" has experienced significant fluctuations in winning probability, soaring from 26.5% an hour ago to the current 50% (a fluctuation of 23.5%). Please note the impact of related breaking news.

OpenAI announced on Monday that its advertising business has reached an annual revenue run rate of $1 billion (approximately 6.736 billion RMB), stating that this is proof of the effectiveness of its "diversified business model."This business has developed over approximately 200 days and is another growth engine following enterprise services, consumer subscriptions, and APIs. Currently, ChatGPT Ads has been launched in over 40 countries and regions, primarily targeting OpenAI Go subscribers and free version users.

According to TechCrunch, AI Agent development company Runable has completed a $21 million Series A funding round, led jointly by usquehanna Venture Capital and Nexus Venture Partners, with participation from Together Fund and Array VC.The AI Agent currently being developed by the company is capable of generating websites, applications, and presentations through natural language, and can also handle foundational tasks such as deployment and data analysis. The new funding will be used to optimize AI inference costs and integrate infrastructure, marketing, and distribution capabilities.

Real Vision founder Raoul Pal stated that the charts he closely monitors show that Bitcoin has entered an oversold zone of more than two standard deviations relative to the Nasdaq and is currently rising rapidly. He mentioned that he will continue to observe but believes that in the long term, crypto assets should outperform the Nasdaq.Raoul Pal pointed out that such long-term structural trends are of significant reference value for asset allocation. This view is based on the relative strength performance of Bitcoin against the Nasdaq.

The latest report from 10x Research indicates that Bitcoin trading volume has dropped to a small fraction of the peak levels seen after the U.S. presidential inauguration and during the flash crash last October, while the price has entered one of the narrowest volatility ranges in months. Historically, similar low-volatility states are often difficult to sustain in the long term.Additionally, options flow shows that traders' market confidence is changing, and positions have begun to adjust. Bitcoin's implied volatility has also fallen to a low level rarely seen outside of the summer off-season, while ETF inflows remain weak, and stablecoins continue to flow out of the crypto market. Strategy, which was once one of the most stable buyers in the market, has become a seller for four consecutive weeks.

Stacks co-founder Muneeb Ali stated that the Satoshi Upgrade I hard fork has been successfully completed, and the network's level of decentralization has further improved with the launch of the new signer.Regarding Binance's "Observation Label," there are currently no concerns about delisting risks or liquidity, but we still need to wait for the next round of formal assessment.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Dota 2: Level UP vs Rune Eaters - EPL Masters Playoffs," the "Yes" option in the sub-market "Both sides defeat Roshan" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Dota 2: MOUZ vs Rune Eaters - EPL Masters Playoffs," the sub-market "Ends During the Day" for the "Yes" option has experienced a dramatic fluctuation in winning probability, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

CryptoQuant analyst Darkfost stated that since May, the total market capitalization of stablecoins has lost nearly $15 billion, decreasing from about $280 billion to $266 billion.From October last year to May this year, the market capitalization remained stagnant, indicating that there has been no liquidity inflow or insufficient liquidity. Now, even though Bitcoin's price has stabilized, demand has not recovered, and this weakness hinders the rebound of Bitcoin's price. In contrast, the decline in the market capitalization of stablecoins indicates that liquidity in the crypto market is actually draining away.

According to on-chain detective Specter, the same attacker is running similar phishing activities targeting Ledger. The relevant screenshots were taken two days ago, and the sponsored advertisement has now been removed.As of now, these activities have stolen over 3 million dollars.

In response to the doubts regarding a large number of users being unable to withdraw funds after the shutdown, BitMart founder Sheldon stated on the X platform: "1. We have not run away, nor will we. 2. Many rumors and so-called revelations from former employees and current employees, screenshots, etc., please do not believe in rumors. 3. The core team is still conducting asset inventory, asset collection, and system maintenance work; orderly refunds are our goal, please wait for announcements and notifications. 4. We have not misappropriated assets, nor have we engaged in early withdrawals or evacuations; we have considered the involvement of courts and third-party auditing agencies to provide a transparent report."

According to exclusive reports from Huxiu, Alibaba has internally regarded "AI Office" as one of its strategic directions and has completed the integration of organization and products: the original Wukong Business Unit has been upgraded to "Qwen Office Business Unit," led by Chen Yusen, combining the three products QoderWork, Wukong, and MuleRun into Qwen Office (QwenWork), with the three products and teams no longer existing separately. Qwen Office began public testing on August 3, with the web version and PC client now available, and the DingTalk entry will be launched soon. On the same day, Alibaba released the Qwen3.8 model, enhancing Coding and Cowork capabilities.Alibaba positions Qwen Office as a "enterprise-level AI productivity platform aimed at corporate organizations," rather than a personal office tool, and will not focus on user numbers and monthly active users as core assessment targets in the short term, instead concentrating on product experience and enterprise scenario implementation. The Qwen Office Business Unit is also responsible for DingTalk, intending to leverage the million-level enterprise customer resources accumulated by DingTalk. According to data analysis from Analysys, in June, the desktop access volume of AI office intelligent agents was led by Tencent WorkBuddy with approximately 20.97 million visits, followed by Byte's TRAE IDE with about 12.79 million, and Alibaba's QoderWork with around 7.88 million (Wukong had an additional 1.31 million visits). This integration is viewed internally as a key step to catch up with Tencent and Byte. Following the news, Alibaba's Hong Kong stock rose by over 7% on August 3.

Recently, the public security agencies of Zhanjiang and Leizhou in Guangdong, China, launched a concentrated crackdown operation, successfully dismantling a money laundering criminal gang that used virtual currency transactions to transfer funds from telecom network fraud. Sixteen members were criminally detained in accordance with the law.The gang, led by a couple named He and Zhang, began laundering and transferring fraudulently obtained funds through virtual currency trading models since the end of 2025. They illegally profited by earning transaction price differences and amassed a large number of personal bank cards, WeChat, Alipay, and other payment accounts to build a money laundering chain. In the early hours of July 24, the police conducted a precise cross-regional operation, dismantling the entire gang. The Zhanjiang Public Security Bureau solemnly reminds that "score running" money laundering is an important accomplice in telecom network fraud. Involved individuals will be charged based on the severity of their actions, suspected of aiding information network criminal activities, concealing and disguising criminal proceeds, and crimes related to the benefits of criminal proceeds.Citizens are strongly advised not to rent, lend, or sell personal bank cards and various payment accounts for the sake of small commissions. They must resolutely avoid participating in illegal activities such as virtual currency fund transfers and money laundering. Everyone should consciously protect their personal credit and property safety and actively stay away from all types of fraud-related criminal activities.