律动BlockBeats

BlockBeats message: On August 7, according to MLM monitoring, Trade.xyz transferred $3.25 million from its perpetual contract fee receiving wallet to its spot account, and began buying approximately 59,000 HYPE (worth about $3 million) via a TWAP strategy.
Earlier, on August 5, Trade.xyz transferred 250,000 USDC from its perpetual contract fee wallet to its spot account, and used about $110,000 of it to buy 2,000 HYPE, which was then used to purchase the HIP-3 Ticker. This is the first time Trade.xyz has used income from perpetual contract fees to buy HYPE. Previously, the HYPE used to purchase new HIP-3 Tickers had been funded by spot fee revenue.

BlockBeats message: On August 7, MetaMask announced the official launch of Agent Wallet, providing self-custody AI agent wallets for traders and developers. Users can connect agent frameworks such as Claude Code, Codex, and OpenClaw, and allow agents to carry out on-chain actions within predefined rules.
Agent Wallet supports Hyperliquid, as well as EVM chains such as Robinhood Chain and Monad. Agents can also execute ERC-7821 batch swaps and one-time transactions without holding on-chain native tokens to pay Gas; MetaMask can settle network fees from the transferred assets.
Before executing supported EVM transactions, MetaMask will provide transaction simulation, threat scanning, and MEV protection. If qualifying transactions still result in losses after passing relevant security checks, users can receive up to $10,000 in transaction protection per month.

BlockBeats message: On August 7, Reuters reported that four industry sources said a proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf via the Strait of Hormuz. However, due to U.S. sanctions and restrictive insurance clauses covering any payments, the agreement is difficult to implement. Any imposition of fees would create major compliance issues, because the United States has imposed sanctions on the “Persian Gulf Strait Administration,” which is responsible for operating the waterway for Iran. The U.S. Treasury Department also prohibits U.S. personnel from accepting services related to “guaranteeing safe passage” provided by the Iranian government.

BlockBeats news: On August 7, according to The Information, financial technology company Stripe is in exclusive acquisition talks with AI model aggregation platform OpenRouter, with the deal valuation at around $10 billion. Insiders said OpenRouter had previously received acquisition interest from several large tech companies, but Stripe has now entered the exclusive negotiation stage. The transaction has not yet been finalized, and the specific terms may still change.
OpenRouter was founded in 2023 and positions itself as an AI infrastructure platform that connects users with a variety of large language models. It allows developers to call AI models from multiple companies, such as OpenAI, Anthropic, and Google, through a unified interface, and to choose different models based on performance, price, and availability.

BlockBeats message, August 6: Tesla (TSLA) said that earlier this year, SpaceX and Tesla announced the launch of the “Terafab” project—what is described as the world’s largest chip-manufacturing initiative, integrating logic chips, memory chips, and advanced packaging technologies within a single facility. In April, Tesla broke ground on a new R&D wafer fab at the northern campus of its Texas Gigafactory—an early predecessor of Terafab. And today, we officially announce that Terafab will be located in Grimes County, Texas. The facility will become an advanced semiconductor wafer fab, aiming to bridge the enormous gap between current global chip supply capacity and future computing demand. The combined demand from SpaceX and Tesla for chips is expected to exceed 1 terawatt (TW) of computing power—far beyond today’s global supply capabilities. We would like to express our deep appreciation to existing chip suppliers and encourage them to expand production capacity where possible, but it is the widening gap between future supply and demand that lies at the core of why the Terafab project exists.

BlockBeats message, August 6, according to (The Economist), that Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), wrote an article saying that the notional value of the global derivatives market has exceeded $12 trillion, with nearly half under the jurisdiction of the CFTC. With the widespread adoption of automated trading, artificial intelligence, algorithmic execution, and real-time decision-making, the U.S. will not introduce a regulatory model based on limited trading hours, a single exchange, and traditional screen-trading markets.
Selig said that the CFTC has approved the first “truly” bitcoin perpetual contract as a futures contract and is studying the use of regulated stablecoins as collateral. In addition to crypto assets, this year the U.S. has also launched its first major exchange offering around-the-clock trading of gold futures. The CFTC is also discussing with market participants the potential development of perpetual futures for non-crypto assets.

According to a BlockBeats report on August 6, CNBC reported that JPMorgan Chase CEO Jamie Dimon warned that leverage in the current financial markets remains elevated. Margin debt has reached the highest level in history, and some borrowings have not been directly classified as margin debt, but instead are hidden within first-tier brokerages, hedge funds, ETF and US Treasury arbitrage strategies.
Daimon said that high leverage increases the possibility that a single investor or fund can quickly disrupt the market and trigger broader volatility. Recently, the AI-focused hedge fund Situational Awareness suffered a loss on its leveraged bets on technology stocks, was hit with margin calls, and was forced to liquidate most of its publicly listed stock portfolio.

In a BlockBeats post on August 6, Ahmed Shihab, Western Digital’s Chief Product Officer, said that the key to AI storage competition is not simply pursuing the fastest medium, but whether capacity can be continuously expanded at a cost that can be borne. He believes that many architectures work fine in the early stages, but when the data scale grows from a few PB to several hundred PB or even EB levels, problems may surface due to uncontrolled costs.
Flash memory is suitable for high-performance, low-latency scenarios such as model weights, GPU overflow, KV cache, and session context. HDD, on the other hand, is better for large-scale, long-term storage that is cost-sensitive—such as training corpora, logs, checkpoints, compliance records, synthetic data, and inference outputs. In its summary, it says: “When flash memory handles the present, HDD handles the entire lifecycle.”