BlockBeats message, on August 24, after the original GANA Foundation withdrew, Eiden Liu announced that he has exited the original foundation and will launch a compensation plan in his personal capacity, proactively taking responsibility for the related compensation, with the goal of striving to achieve 100% compensation.
It is reported that the first round of the compensation plan is expected to involve about 20,000 addresses. The subsequent process will be based on real on-chain data for step-by-step verification, and compensation will be carried out in batches. The overall compensation period is currently set at 2–3 years.
Eiden Liu stated that while the foundation has withdrawn, the responsibility will not be left behind, and he will continue to assume the relevant responsibilities through concrete actions.
Iranian Parliament approves service fees to be charged to vessels passing through the Strait of Hormuz
BlockBeats message: On August 24, according to Iran’s Mehr news agency, Hassan Kashkavi, a spokesperson for the Iranian Parliament’s National Security and Foreign Policy Committee, announced on Sunday that the committee has approved Article 3 of the (Strategic Action Plan for Ensuring the Security and Development of the Strait of Hormuz). Hassan Kashkavi said: «Under this article, we will charge fees for maritime services provided, environmental services, fuel supply in special circumstances, as well as insurance, security, and other services.» These fees will be charged to relevant country’s vessels that are granted approval to pass through the Strait of Hormuz, payable in rials or other currencies designated by the Islamic Republic of Iran.
Fed’s Kashkari downplays concerns over rising U.S. Treasury yields, saying the Treasury market is still operating normally
BlockBeats message: On August 24, the Federal Reserve’s Kashkari played down market concerns about rising U.S. Treasury yields, saying market functioning is well and that the recent surge is unlikely to affect discussions about monetary policy. On Sunday, Kashkari said, “All signs indicate that the U.S. Treasury market is operating normally, trading is proceeding as usual, and market liquidity is sufficient. Therefore, we can use the federal funds rate as the primary policy tool to reduce inflation.” Last week, U.S. Treasury yields across all maturities rose. The benchmark 10-year Treasury yield closed at around 4.73%. The 30-year Treasury yield remained near its highest level since 2007. Kashkari said that while current Treasury yields are relatively high compared with recent historical levels, yields in the 1990s were much higher. “We need more data, but I don’t want to prejudge the outcome of the next meeting. That said, I don’t currently think inflation will fall back to the target level in the short term.”
BlockBeats messages, on August 23, according to TradingBeats (formerly Hyperinsight) monitoring, “Maji” big brother Huang Licheng today twice attempted to go long Bitcoin with 40x leverage, both failed. He has just closed out the second 40x long position, set at a $24.3 million long order, recording a small loss of $165,000.
At the same time, Maji added to his ETH long position to $75 million. The entry price is $2,370, and the unrealized profit is $1.96 million.
Maji also holds HYPE long positions, with a position value of about $19.85 million and an average entry price of $79.4. He also holds PUMP long positions, with a position value of about $4.87 million.
BlockBeats message, August 23, community users asked CZ: “What is your take on the memestock hype? In this model, meme coins are paired with tokenized stocks, which gives meme coins inherent utility.”
CZ replied, “Of course it’s fresh and interesting. But it’s necessary to ensure that the issuer can indeed fulfill their obligations.”
BlockBeats message, August 23, according to TradingBeats (formerly Hyperinsight), “Majii” boss Huang Licheng opened a position again and went long on Bitcoin with 40x leverage, increasing the position size to $23.48 million, with an entry price of $77,439.10 and a liquidation price of $49,838.41.
Majii also holds ETH long positions with a portfolio value of approximately $66 million and an average entry price of $2,360; holds HYPE long positions with a portfolio value of approximately $19.18 million and an average entry price of $79.4; and holds PUMP long positions with a portfolio value of approximately $3.68 million.
Meme coin CYBERLEEK issued by the GTA6 hacker surges more than 14x in a single day, briefly breaking through a $25 million market cap
BlockBeats report: On August 23, according to GMGN monitoring, the Solana ecosystem meme token CYBERLEEK briefly broke through a market cap of $25 million, setting a new all-time high again. It rose more than 14 times within 24 hours, with a $36.1 million trading volume over the same period. A hacker group that calls itself Cyberleek used leaked (GTA 6) game clips to launch a Solana-chain meme coin, CYBERLEEK, and claimed it would release a PC download client for GTA 6, so everyone could play this $2 billion, top-tier blockbuster without paying a single cent (the claim about the client has already been debunked). On August 22, Cyberleek publicly destroyed about 270 million developer-reserved tokens—about 27% of the total supply—claiming it was “proof it won’t dump and run,” but it still retains a large amount of tokens and continues to earn money through transaction fees.
The hacker who leaked GTA 6 issued a coin, and it surged 20x in a day
(GTA 6) is probably the video game on this planet that needs the least introduction. Players have waited twelve years, it’s been delayed multiple times, and it’s finally set for an official release this November. And its production budget—rumored to be as high as $2 billion—roughly matches the cost of the Burj Khalifa in Dubai, the world’s tallest building, which was built for about the same amount. One game, the money to burn down a skyscraper. Preorder price starts at $100, and players vote with their feet. Data from market analytics firm Sensor Tower shows that total preorder volume has already surpassed 4.38 million copies, and a rare “high-end edition sells well” trend has emerged: 89% of preorder buyers went straight for the ultimate edition. By rough calculations, the preorders alone have already brought in more than $400 million.
Thrive Capital founder Josh Kushner’s wealth surges more than twofold in a year to $16.7 billion; assets under management near $65 billion
BlockBeats message, August 23, Josh Kushner, 41 years old (the brother of Jared Kushner, Trump’s son-in-law), has an estimated latest net worth of $16.7 billion, more than doubling from $5.2 billion a year ago. The increase is mainly driven by the growth in assets under management of his venture capital firm, Thrive Capital, which surged from $23 billion at the end of 2024 to $65 billion. Thrive Capital has historically invested in star companies such as Instagram, Spotify, OpenAI, SpaceX, Databricks, and Anduril. After SpaceX’s IPO, Thrive’s reported stake was worth $10 billion. The firm also holds a 7% stake in the AI programming company Cursor, which was acquired by NVIDIA at a valuation of $12.6 billion—valued at $4.2 billion. The company’s latest flagship fund, Thrive X, completed fundraising in March with a size of over $10 billion. In a letter to investors, Kushner revealed that Thrive funds have achieved an average annual return of 33%. In the same period, the S&P 500 annualized about 14% and the Nasdaq about 17%. Over the past 12 months, the funds have generated more than $1 billion in liquidity, and are expected to produce additional liquidity amounting to several billion dollars in the coming quarters, with a substantial portion potentially coming from an IPO next year for OpenAI, which could be valued at over $1 trillion.
BlockBeats message. On August 23, according to EmberCN monitoring, as HYPE broke through $80 to refresh its all-time high, diamond-hands investors holding long HYPE positions have been in profit for 10 months, totaling $57.18 million.
Their position value has risen from the initial $53.38 million to $110 million now: they went long 1.38 million HYPE at $38.6 in November last year, held the position for 10 months, paid $4.98 million in funding fees, and there are still no signs of taking profit.
BlockBeats message, August 23: Iran’s Foreign Minister Hossein Amir-Abdollahian said Iran has never been afraid of U.S. sanctions. All of their actions—whether blockades or military operations—have failed, and this new trick will also fail. The “economic action” Trump claims is nothing more than the United States’ usual bullying tactics. “In a sense, it’s like a repeat film we’ve seen countless times; we know how to respond.”
Amir-Abdollahian said that whether the U.S. carries out military action or revives old plans, it shows they are out of options. In dealing with the Iranian people, the United States has no choice but to keep repeating the same plan. They should understand that, besides engaging in a respectful dialogue with the Iranian people and seeking solutions based on fairness and honor, there is no other way. (CCTV News)
BlockBeats messages: On August 23, according to TradingBeats (formerly Hyperinsight), after “Maji” boss Huang Licheng incurred a daily loss of $2.46 million by closing a BTC long position, he opened new positions again, adding a $4.22 million Bitcoin long, with an opening price of $76,719.4.
Maji also holds ETH long positions with a position value of about $68.2 million and an average entry price of $2,357; he holds HYPE long positions with a position value of about $20 million and an average entry price of $79.35; and he holds PUMP long positions with a position value of about $11 million and an average entry price of $0.00524.
BlockBeats message, on August 23, according to OnchainLens monitoring, FalconX transferred 80,200 HYPE tokens worth approximately $6.27 million to trading platforms within the past day, or is about to sell them.
BlockBeats messages, on August 23, according to TradingBeats (formerly Hyperinsight), “Majie” boss Huang Licheng began trimming his ETH long positions to take profit. This time, he made a small trim of about $1.02 million, and his remaining ETH long positions are still worth as much as $68.77 million. His entry price was $2,357, his liquidation price was $2,189.8, and his unrealized profit on the remaining position is $1.59 million.
Majie also holds HYPE long positions, with a position value of about $20 million and an average entry price of $79.35; he holds PUMP long positions, with a position value of about $11 million and an average entry price of $0.00524.
Artificial intelligence is driving an acceleration in U.S. economic growth momentum, with the S&P U.S. composite PMI recording a third consecutive month of gains
BlockBeats news: On August 23, the momentum of U.S. economic growth is accelerating. S&P Global’s U.S. Composite PMI rose by 1.5 points in August to 56.0, the highest level since April 2022, with a third consecutive month of increase. At the same time, the Services PMI rose by 2.2 points to 56.8, the highest level since March 2022. The Manufacturing PMI fell by 0.7 points to 53.9, the lowest level in the past five months, but it remains in the expansion range. Meanwhile, companies in the United States are leading their hiring activities with the service sector, increasing headcount at the fastest pace since January 2025. These data indicate that the year-on-year growth rate of U.S. GDP in the third quarter of 2026 will reach +3.0%, compared with +1.5% in the second quarter. Artificial intelligence is driving a historic wave of growth.
BlockBeats messages, August 23, according to TradingBeats (formerly Hyperinsight) monitoring, “Maji” reduced its BTC long position from 1,225 contracts to 800 contracts ($59.0 million). It is currently down $1.0 million in unrealized losses. Entry price: $77,637.8. Liquidation price: $69,348.0.
"Maji"'s total long position has increased to $160 million; currently at an unrealized loss of $280,000
BlockBeats news: On August 23, according to monitoring by TradingBeats (formerly Hyperinsight), the total position size of "Maji" long positions has increased to $160 million, with an aggregate unrealized loss of approximately $287,600, and cumulative funding fee expenses of about $247,400. Among them: Hold 1,225 BTC long positions, valued at approximately $94.0494 million, with an opening price of $77,660.4; unrealized loss of $1.0846 million; liquidation price of $71,840.5; Hold 19,000 ETH long positions, valued at approximately $45.6798 million, with an opening price of $2,337.48; unrealized profit of $1.2675 million; liquidation price of $2,083.62;
Altcoins broadly pull back, TAC drops more than 40% in 24 hours
BlockBeats report: On August 23, according to HTX market data, as Bitcoin fell below $77,000, the crypto market saw a pullback, and altcoins were generally under pressure and declined. Among them: TAC is currently quoted at $0.001672, down 40.86% over the past 24 hours; FHE is currently quoted at $0.01978, down 30.03% over the past 24 hours; SQD is currently quoted at $0.03, down 29.01% over the past 24 hours; PTB is currently quoted at $0.0007364, down 27.11% over the past 24 hours; INX is currently quoted at $0.006619, down 26.43% over the past 24 hours; BASED is currently quoted at $0.07328, down 25.35% over the past 24 hours;
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