BlockBeats news: August 22, according to HTX market data, HYPE broke through $80, continuing to set new all-time highs. The 24-hour increase has expanded to 7.46%.
SAND reportedly hit by an infinite minting vulnerability; the attacker has minted over 500 million tokens
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, at a campaign rally in South Carolina, U.S. President Trump said on the 21st that if the Republican Party loses the midterm elections, he will be impeached.
At the same time, he reiterated that Iran’s development of nuclear weapons must be prevented. He also said that Iran is very eager to reach an agreement. He said: “We don’t even know whether we really want to reach an agreement, because in my view, the Strait of Hormuz is now U.S. territory; it is U.S. territory.”
BlockBeats message: On August 22, U.S. President Donald Trump responded to the issue of the U.S. national debt surpassing $40 trillion, saying that this problem “has already existed for 35 years.” He said the way to address the debt is “through growth,” and that the U.S. is currently achieving “very strong growth,” making it “easy” to resolve the problem.
When asked whether he had ever requested that Treasury Secretary Bessent intervene in the bond market, Trump denied it, saying “absolutely not.” Trump said that Bessent is a “very capable person,” that Bessent himself wanted to take related actions, and added that he “has good instincts about bonds and interest rates.”
When asked whether he had discussed further intervention measures with Bessent after U.S. Treasury yields rebounded, Trump replied, “The ultimate intervention tool is our army—when it’s time to act, we act.”
BlockBeats Message, August 22, according to HTX market data, ZEC broke through $768, reaching a new all-time high, with the 24-hour gain expanding to 31%.
Grayscale GLNK ETF Adds Another $1.53 Million in LINK, Increasing Holdings to 10.66 Million Tokens
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.
BlockBeats message: On August 22, according to AI monitoring by “Auntie,” the giant whale “first sets 10 big targets” has added back to its short positions in BTC and ETH. Its current position size is close to $170 million. Its current short positions are as follows:
BTC short: 1,830.724 BTC, worth approximately $139 million, with an opening average price of $76,397.56. Currently, it is down by about $1.98 million;
ETH short: 12,756.739 ETH, worth approximately $30.25 million, with an opening average price of $2,371.57. Currently, it is down by about $858,000.
After taking back nearly $80 million in newly added short positions, the BTC stop-loss price is still set at around $80,500.
BlockBeats message, August 22, according to Fox News, U.S. President Trump earlier said that any governor or local government official should welcome the construction of artificial intelligence (AI) data centers.
Trump said: “This will create a large number of construction industry jobs. We are building the world’s largest factories. I can say that if I were the mayor of a city, or a governor of a state, and I had the opportunity to get a large AI factory or data center to be built, I would absolutely want it to happen because it can create a large number of jobs, and the funding and tax revenue it brings are very substantial.”
Trump also said that, given that most Americans oppose building data centers in their own communities, the AI industry needs to get “a little help on the PR front.”
Ray Dalio’s Latest Macro Analysis in Full: Buy More Gold, and Then Some More Bitcoin
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 news. On August 22, according to monitoring by Onchain Lens, Jump Crypto transferred 1,140 BTC to Binance within the past 30 minutes, worth approximately $88.98 million.
BlockBeats message: On August 22, according to monitoring by Onchain Lens, an address associated with Multicoin Capital transferred 197,560 HYPE tokens to Coinbase within the past 9 hours, worth approximately $14.54 million.
The transfer address is: 0xCa292baAb13A6B97fC83bB142e689440Fd0812b8
Because the funds moved to a centralized exchange platform, on-chain analysis believes the action “may be used for selling.” Previously, Multicoin Capital had repeatedly moved HYPE to Coinbase, raising market concerns about institutional de-risking.
ZEC rises more than 29% in 24 hours; coin price nears prior all-time high, with market cap reaching $12.46 billion
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.
BlockBeats message, August 22: according to third-party data, as Bitcoin’s current uptrend continues, Ahr999’s “buy-the-dip” indicator has reached the “DCA range.” It is currently at 0.5073.
Looking back at this round of Ahr999 “buy-the-dip” signals, the window period (from May 29 to August 19 this year, when the indicator was below 0.45) lasted about 82 days.
BlockBeats Note: The Ahr999 indicator helps Bitcoin DCA users make investment decisions using an execution-timing strategy. This indicator implicitly reflects the return rate of Bitcoin for short-term DCA and the degree of deviation between Bitcoin’s price and the expected valuation. Historically, the Ahr999 index has been below the buy-the-dip line (0.45) for 655 days.
BlockBeats message. On August 22, Goldman Sachs analysts said in a report that demand for bullish gold options has surged, increasing the risk of sharp price volatility.
In the report, analysts including Lina Thomas wrote that the rise in gold bullish options trading volume creates a "bidirectional volatility price amplification mechanism" for gold prices. "Therefore, we still believe that our forecast for the gold price to reach $4,900 per ounce by the end of 2026 faces significant upside risk, but the gold price rally also entails greater bidirectional volatility."
BlockBeats news: On August 22, Oman and Iran’s foreign ministers discussed the conditions for resuming negotiations to support the resumption of navigation through the Strait of Hormuz. (Omani News Agency)
Iran’s foreign minister: U.S. economic pressure action on Iran is “destined to fail”
BlockBeats message: On August 22, Iranian Foreign Minister Hossein Amir-Abdollahian posted on social media saying that the sanctions and pressure policies imposed on Iran by successive U.S. administrations have all ended in failure. He said the latest U.S. measures to economically pressure Iran are also “destined to fail.” In the post, Amir-Abdollahian reviewed a series of U.S. policies toward Iran in recent years. He said that 14 years ago, the U.S. claimed it would impose “the harshest sanctions in history” on Iran; eight years ago, it imposed “maximum pressure” on Iran; and five months ago, it demanded that Iran “surrender unconditionally.” He said all these policies ultimately failed.
Galaxy Research Head Looks Ahead to New Crypto Regulations: May Provide a Legal Path for U.S. Token Issuance
BlockBeats message: On August 21, Alex Thorn, Head of Research at Galaxy, said that on August 18 the U.S. Securities and Exchange Commission (SEC) proposed (crypto asset regulatory rules) (Regulation Crypto Assets, abbreviated as “Reg Crypto”). This is the first U.S. set of securities regulations specifically designed for the issuance and sale of crypto assets, rather than simply applying traditional stock regulatory frameworks. The proposal may bring two significant changes to the U.S. crypto industry: first, it would allow qualifying token projects to be issued legally to the public (including non-accredited investors); second, it would establish a clear mechanism to formally end investment contracts related to tokens once certain conditions are met, thereby addressing the long-standing uncertainty over the securities nature of many historical tokens.
Giant Whale “First Sets 10 Big Targets”: Currently about a 70M profit; the rally speed was too fast to reconnect the long positions in time
BlockBeats message. On August 21, the giant whale “first sets 10 big targets” continues updating its trading trajectory and insights on the X platform tonight. It said that at the 72,500 level, it had considered picking up the long position again. It placed limit orders in the 70,500–71,500 range, but they were not filled. “I wanted to pick up the long positions that I had previously closed. Back then, I had placed long orders in advance at 70,500–71,500, and I also placed a short order around 76,000. My expectation was that if price first retraced to 70,500–71,500, then I would reconnect the long positions; if it didn’t retrace and instead quickly surged to around 76,000, then I would trade a pullback after the rise.”
Tom Lee: This week could be the “best 10 days” with highly concentrated Bitcoin gains
BlockBeats message: On August 21, Tom Lee posted on the X platform that for investors waiting for the October crypto market bottom, they need to reassess timing risk. He cited Fundstrat’s “Bitcoin Best 10-Day Rule” (Rule of 10 Best Days), noting that Bitcoin’s long-term gains are highly concentrated in just a few trading days. Tom Lee said that historical data shows that most of Bitcoin’s upward moves come from the 10 best trading days of the year. If holders miss these 10 days, their investment returns could drop significantly. The data shows that capturing Bitcoin’s 10 best trading days yields cumulative returns of about 162%, while excluding those 10 days results in a return of -14%.
BlockBeats message, August 21. A well-known trader, Killa, posted an update on his latest view of the market: “I still remain optimistic about the future, but I’m very skeptical that Bitcoin can break through $100,000 this year. I expect it to stay in a range-bound, choppy market. My plan remains unchanged. After the first wave of rallies, before the next move, we will rebuild our positions—similar to 2022.”
As a quantitative trader focused on BTC, Killa had predicted the peak of this bull cycle in May 2025. On the X platform, he has more than 200,000 followers. In mid-April, he shorted Bitcoin at $74,688, and during the market’s broad selloff on June 5, he switched to going long.