律动BlockBeats

BlockBeats report: On August 22, according to TradingBeats (formerly Hyperinsight) monitoring, a super giant whale (0x08...a4f8), known for trading in ZEC contracts via swing strategies, had already laid the groundwork by opening a long position in advance. Its current floating profit has reached $6.6 million.
This giant whale initiated its position slightly earlier this time. On July 17, it bought 20,771 ZEC at an average price of $536.43. At that time, the position value was about $11.1 million, and the leverage multiple was only 1x. As of the time of writing, ZEC is quoted at $852. This position is still not realized profit and has reached $6.6 million in unrealized gains, with a floating profit ratio of over 58%.
Looking back at this address’s swing trading records, this is a whale specializing in ZEC trading. Its trading style is highly seasoned and distinctive: it only trades ZEC and repeatedly harvests—since last November, nearly 10 large transactions have all revolved around ZEC, with operations on both the long and short sides. It can be described as a “professional ZEC trader.” The account’s closed trades have a high win rate of 72.73%, with total profits nearing $8 million. It is also skilled at adding positions against the trend while strictly executing low-risk operations. Moreover, its timing is quite precise—on several occasions it caught ZEC market fluctuations during the period. For this round, the whale entered precisely at $536, hitting the launch node. As of now, no sell orders have been posted yet, and it is still patiently waiting for a market turn.

BlockBeats update: On August 22, Upbit issued an announcement stating that it has detected signs that the The Sandbox (SAND) network may have experienced a security issue, and therefore reminded users to be mindful of trading risks.
According to Upbit, on August 22, 2026, the SAND network showed signs of a suspected security incident. The market may therefore see an expansion of price volatility. The exchange advises users holding SAND assets to closely monitor relevant developments and trade with caution. At present, Upbit has not released specific details of the alleged attack or the scale of losses, and has only provided related on-chain transaction addresses for users to query.

BlockBeats message: On August 22, this week’s global markets focused on pressure from U.S. Treasuries, AI capital expansion, and the economic standoff between the U.S. and Iran. After the U.S. Treasury expanded the scale of long-term Treasury repurchase operations, U.S. Treasury yields fell briefly; however, market concerns that fiscal deficits and debt growth pressure cannot be alleviated through liquidity tools persist. U.S. federal government debt first surpassed $40 trillion, and the 30-year U.S. Treasury yield rose at one point to its highest level since 2007. At the same time, global long-term bond markets faced synchronized pressure.
The Federal Reserve’s July meeting minutes show that internal hawkish forces have strengthened, with more than three voting commissioners supporting rate hikes. Some officials are concerned that tariffs, energy prices, and AI infrastructure investment could push inflation higher. Meanwhile, Fed Chair Waller proposed that in the future, the number of annual meetings could be reduced from 8 to 6.

BlockBeats message: On August 22, Summer Mersinger, CEO of the Blockchain Association in the U.S., posted that with less than four weeks remaining before the U.S. Senate votes on whether to advance the debate on the (Clarity Act) on September 15, reopening terms that have been negotiated for months would not improve the bill. Instead, it would restart an uncompleted negotiation process that ultimately could lead to legislative failure.
Mersinger said that the two proposed amendments by the American Bankers Association (ABA)—replacing existing standards with “substantially similar interest,” and deleting the word “solely”—are not just simple wording changes, but major policy shifts.

Original title: (Yushu Past)
Original author: Zhang Peng, GeekPark
Editor’s note: On August 19, Unitree Technology officially listed on the STAR Market, with its market capitalization peaking at over RMB 440 billion. In 2017, Zhang Peng, founder of GeekPark and founding managing partner of Variance Capital, was the first to spot Wang Xingxing and led the investment in Yushu’s angel round. To date, he has accompanied Yushu for nine years.
In this article (Yushu Past), Zhang Peng looks back at Yushu’s nine-year journey—from “walking the night road” to becoming a breakthrough innovator in embodied intelligence—and shares the investment judgments behind several key milestones, as well as his thoughts on the next generation of Chinese technology entrepreneurs. The original text is as follows:

BlockBeats reports that on August 22, according to market sources, The Sandbox’s native token SAND on the Base network appears to have suffered a severe security vulnerability. The attacker obtained token minting privileges and can arbitrarily issue additional SAND tokens.
On-chain data shows that more than 500 million SAND tokens have already been minted as part of this vulnerability incident, and the attack activity is still ongoing. The market is concerned that the large volume of newly added supply may impact the SAND price.
Currently, The Sandbox has not yet issued an official response to this incident. The underlying cause of the vulnerability, the source of the attacker’s privileges, and the whereabouts of the newly minted tokens still require further verification.

BlockBeats message: On August 22, according to monitoring by Onchain Lens, Grayscale’s Chainlink ETF (GLNK) received 132,950 LINK tokens via Coinbase Prime about 6 hours ago, worth approximately $1.53 million.
Data shows that the GLNK ETF currently holds a total of about 10.66 million LINK. Its assets under management (AUM) are approximately $124.16 million. The related wallet address is:
0xe33Bf747197B3c73650E40E3e9024AE5548E0aA7
Grayscale’s Chainlink ETF (GLNK) aims to provide investors with exposure to Chainlink by holding LINK assets. The ETF was previously listed and traded in the U.S. market, and its assets are mainly made up of LINK tokens.

Original Author: Ray Dalio
Original Title: How Countries Go Broke Dynamic Behind What’s Happening Now
Original Compilation: Liyundong BlockBeats
In my book (How Countries Go Broke: The Big Cycle), I lay out a comprehensive framework to describe how the unsustainable imbalance between the supply and demand for debt can lead to a chain of developments. Recently, three things have been happening at the same time:
· The Japanese government has been selling some of its holdings of U.S. Treasury securities, bringing the funds back home to support the yen and Japan’s capital markets—while reducing its exposure to U.S. Treasuries without needing further large interest-rate hikes;

BlockBeats message: On August 22, according to HTX market data, ZEC rose more than 29% over the past 24 hours. The current price is $735.47, approaching the previous all-time high of $750. The market capitalization has increased to $12.46 billion.
Previously, on June 5, Zcash founder Zooko Wilcox, together with Jason McGee and Taylor Hornby, published a long-form post disclosing in detail a critical soundness vulnerability in the project’s latest privacy layer Orchard pool. The flaw could be exploited to create an unlimited amount of forged ZEC in concealed environments. Earlier, the Zcash ecosystem had already completed an emergency network upgrade to patch the issue, but after the detailed impact was revealed, the ZEC price saw sharp volatility and briefly “dipped” down to $250.12.