📡 On-the-hour Update | 15:00-16:00

1. The Sandbox was attacked using the SAND token, and paused cross-chain bridge services on Base and BNB Chain, impacting total supply by only 0.01%.

2. The Hong Kong Special Administrative Region Government allocated HK$50 million to launch the “Universal AI Training” program, aiming to hold over 200 activities in the next two years and benefit around 50,000 participants.

3. Last week, US spot BTC ETFs saw net inflows of approximately US$1.92 billion, while ETH ETFs saw net inflows of approximately US$697 million—both reaching the highest levels this year.

4. Canadian Prime Minister Karney announced retaliatory tariffs against the United States. Earlier, US-Canada trade negotiations failed, and the US imposed a 50% tariff on approximately US$20 billion worth of Canadian goods. The new tariffs will target US steel and dairy products and take effect on September 8.

5. Lyon Securities lowered its target price for China Telecom to HK$5.2, while maintaining a “Outperform the Market” rating.

6. OpenAI has identified the abnormal Codex credit usage and will push a fix on Sunday in US time. It will also fully reset Codex usage for all paid subscriptions.

7. Nevada declared a state of emergency due to the “Eagle Fire” brush fire. The burned area exceeds 10,500 acres, and evacuation orders have been expanded.

8. Alibaba announced a new share placement to non-US persons outside the United States. The total placement amount is HK$80 billion, and it has already been oversubscribed.