BlockBeats message, August 8, according to Farside monitoring: yesterday, U.S. spot Bitcoin ETFs recorded net inflows of $101.7 million, marking five consecutive trading days of strong inflows.
BlockBeats messages: On August 8, according to Lookonchain monitoring, a whale with an address starting with 0x7C5a chose to cut losses and exit after holding ETH for more than 3 years. Its total cumulative loss has now exceeded $19 million.
On-chain data shows that the whale bought ETH in February 2022 and March 2023 at an average price of $2,723, and then proceeded to stake it. About 10 hours ago, the address sold 7,323 ETH worth approximately $13.96 million.
BTCPay Server targeted by critical vulnerability attacks; official urgently asks users to upgrade and replace credentials
BlockBeats message: On August 8, the Bitcoin payment processing project BTCPay Server recently warned users that its servers have a serious vulnerability currently being actively attacked. Attackers may exploit this vulnerability to gain unauthorized access and cause financial losses. BTCPay Server posted an announcement on the social platform X, urging administrators to upgrade immediately to version 2.4.2 and confirm that the server footer shows that the update is complete. If an upgrade cannot be done in time, the official recommends that users temporarily shut down BTCPay Server to prevent further attacks. In addition, BTCPay Server advises users to replace potentially exposed macaroons credentials, recreate the macaroons.db file, and refresh the authentication strings for other Lightning Network backends.
BIP-110 Could Trigger Bitcoin Fork Risks: Developers Warn That Selling Forked Coins May Lead to Real BTC Being Stolen
In a BlockBeats report on August 8, Bitcoin developer Kevin Loaec warned that if a Bitcoin fork related to the controversial proposal BIP-110 were to occur over this weekend, holders who sell fork-chain tokens could face the risk of having real BTC transferred away. It is reported that if Bitcoin were to have two chains, a user’s BTC balance could potentially exist on both chains at the same time. Some traders might try to sell what appear to be “free” forked coins, but because the two chains lack replay protection in the early stages, the transaction signed when selling the forked coins could be copied to the original Bitcoin network, causing the buyer to receive an equal amount of real BTC at the same time.
BlockBeats messages, August 8, according to Lookonchain monitoring, a newly created wallet address (167YVr) received 1,346 BTC from Galaxy Digital, worth approximately $87.28 million.
Related address: 167YVrHeroj8yuiH8ZmMFazQjn5sPjKBa7.
Trump Media Group terminates its CRO treasury and prediction market plans with Crypto.com
BlockBeats message: On August 8, according to Axios, Trump Media & Technology Group (TMTG) is scaling back its cryptocurrency business plans, exiting two crypto-related deals it had previously pursued with Crypto.com and Yorkville Acquisition Corp. TMTG interim CEO Kevin McGurn said the company wants to refocus on its media business and potential merger plans with nuclear fusion energy company TAE, and believes the market for digital asset treasury firms has become saturated over the past year. Specifically, TMTG, Crypto.com, and Yorkville have jointly announced the termination of the Trump Media Group CRO Strategy plan. The three parties said the decision was made based on "changes in the current market environment and adjustments to business and stakeholder priorities." They also abandoned the previously announced service cooperation agreement and certain digital asset product plans.
After the overnight cut to the rate-hike odds, what more conditions are needed for a rate cut?
TL;DR · In July, U.S. nonfarm employment fell by 23,000, with the prior figure revised down significantly; expectations for further rate hikes in September clearly cooled. · Market disagreement centers on whether the U.S. labor market is heading toward a recession or entering a weak equilibrium characterized by low hiring and low layoffs. · Related underlyings: DXY, U.S. Treasury yields, Fed funds rate futures, gold, REITs, crypto assets, U.S. growth equities. In the July employment report released on August 7 by the U.S. Bureau of Labor Statistics, market expectations for the Fed’s September policy path were re-shuffled. Nonfarm payrolls in July fell by 23,000, far below the market’s original expectations of an increase of 80,000 to 95,000.
Meme Coin STONKBROKER’s Market Cap Sets Yet Another Record, Briefly Breaks $63 Million
BlockBeats news: On August 8, according to GMGN market data, Robinhood Chain Meme coin STONKBROKER’s market cap briefly exceeded $63 million this morning, setting a new all-time high; it has since pulled back to $59.75 million. The 24-hour increase is 32%, and the 24-hour trading volume is $5.9 million. Robinhood Eco Project STONKBROKER recently rolled out multiple major updates, including a launchpad responsible for incubating eco projects and a new Broker Box feature similar to FWA that wraps stock tokens into gacha-style draws. The updates have drawn significant attention from KOLs and the community, including Ansem, driving the market cap to set new highs one after another.
Nvidia plans to invest $3 billion in power company Lancium to accelerate its AI data center ecosystem rollout
BlockBeats news. On August 8, according to The Information, Nvidia has agreed to invest $2 billion in the power infrastructure developer Lancium, and will commit an additional $1 billion investment after the company secures more planned power resources. The total transaction size could be up to $3 billion. Lancium is the power infrastructure supplier behind the Stargate artificial intelligence park in Texas, backed by OpenAI and Oracle. The enterprise value assessment for Lancium’s land, power connection assets portfolio from this transaction is approximately $10 billion, including the investment amount and debt.
BlockBeats message, on August 8, according to Onchain Lens monitoring, a certain whale purchased 50,000 ETH from a Fidelity-linked wallet yesterday, valued at approximately $95.73 million. Three hours ago, the whale transferred 36,530 ETH from that amount (about $69.94 million) to a new address.
On-chain data shows that, based on this address’s previous transaction patterns, the funds may be sent to Coinbase for sale in the future. The relevant address is: 0x951A4d24BA0F038B9872F253C380836Db9E67D53.
Signs of easing in the situation in the Strait of Hormuz emerge, and transit talks heat up
BlockBeats message: On August 8, market attention continued to focus on the Middle East situation. On the conflict front, Yemen’s navy said it thwarted an attempted attack targeting a Red Sea oil tanker. The Houthis claimed that Yemen’s armed forces carried out strikes on the forces assembled within Saudi Arabia, as well as the ammunition depots, vehicles, and military equipment at the Saehn Jin camp. Regarding the negotiations between the United States and Iran, the Iranian president said that, in talks involving the memorandum of understanding, Iran has “made no concessions.” According to Axios, a mediator-country diplomat said that Iran’s negotiating team is waiting for approval from Iran’s Supreme National Security Council for related agreements reached with Oman and the United States, and is expected to receive approval soon.
BlockBeats message. On August 8, according to monitoring by EmberCN, the Hyperliquid development team, HyperLabs, redeemed 433,000 HYPE tokens from staking this morning, worth $24.25 million. The tokens are currently being sold via market maker Flowdesk.
Within the past few hours, 165,000 HYPE tokens have been transferred to the market maker Flowdesk; 75,000 HYPE tokens have been transferred into Hyperliquid and sold in exchange for USDC; and another 90,000 HYPE tokens, worth $5.04 million, have been transferred to OKX and Bybit.
BlockBeats news. On August 8, according to Onchain Lens monitoring, the spot Bitcoin ETF IBIT address under BlackRock withdrew 1,840 bitcoins from Coinbase Prime today, valued at approximately $119 million. This week, it accumulated an additional 7,320 bitcoins, valued at approximately $478.5 million.
Crude oil closes lower; US officials say Oman and Iran have made progress in negotiations over the Strait of Hormuz
BlockBeats news, August 8: According to Bitget market data, both WTI and Brent crude oil closed lower this week. WTI fell 1.32% to $76.35; Brent fell 1.54% to $81.50. On the news front, US officials said that Oman and Iran have made progress in negotiations regarding the Strait of Hormuz and are expected to reach an agreement soon. Once an agreement is announced to restore commercial shipping through the Strait of Hormuz with unimpeded passage, the US will lift its blockade of Iranian ports. The US’s actions will continue to be based on implementation and will be linked to Iran’s fulfillment of its commitments.
JPMorgan Raises Forecast for Technology Bond Issuance: This Year’s Bond Issuance Volume to Exceed $500 Billion
BlockBeats message, August 8: JPMorgan Chase expects that this year, the issuance scale of technology-related corporate bonds will exceed $500 billion. The bank has raised its forecast for debt issuance in the technology, media and telecommunications sectors in 2026 from $450 billion previously to $540 billion, citing that increased spending by large technology companies is driving the AI investment cycle. In a report released Friday, a team led by JPMorgan Chase strategist Erika Spear said that chip-backed financing will become the “next major frontier” for supporting the buildout of AI infrastructure, and by the end of this decade its scale could “grow to tens of trillions of dollars.” JPMorgan Chase has identified seven investment-grade data center financing opportunities, in addition to the six projects for which financing has already been completed; four of the opportunities are expected to come from Oracle and OpenAI.
U.S. Treasury Secretary: The nonfarm report has underestimated the U.S. economy’s underlying strength
BlockBeats message: On August 8, U.S. Treasury Secretary Bessent posted on social media, saying: "The employment report released today has underestimated the economy’s underlying strength: businesses in the U.S. are building, factories are producing, and workers’ productivity is rising." July marked the fifth consecutive month of growth in employment in the goods-producing sector. Since the beginning of this year, the goods-producing sector has created 105,000 jobs, achieving the strongest start since 2023 over the first seven months. In addition, the production productivity growth rate in the second quarter exceeded expectations by more than double, creating favorable conditions for the U.S. economy to achieve sustained growth and for real wage growth among American workers.
BlockBeats message: On August 8, according to U.S. Securities and Exchange Commission (SEC) filings, BlackRock (BLK.N) disclosed that as of June 30, it held 51.0 million shares of Class A common stock in SpaceX (SPCX.O).
Bybit sues North Korea and Lazarus Group over the $1.5 billion hack incident and obtains an asset freeze order
According to a BlockBeats report on August 8, Bybit filed a civil lawsuit against the Democratic People’s Republic of Korea (North Korea), its Reconnaissance General Bureau (RGB) intelligence agency, and the hacker group Lazarus Group—identified as being affiliated with North Korea—which last year stole $1.5 billion from Bybit. In addition to the lawsuit filed with the U.S. District Court for the District of Columbia, Bybit also said it has won a preliminary injunction freezing certain stolen assets held by a group of unidentified individuals and entities. These individuals and entities are listed as defendants in this case as “John Doe.”
BlockBeats news. On August 8, according to ABC News: After encountering a setback at the U.S. Supreme Court, Trump continues to push forward his attempt to remove Federal Reserve governor Lisa Cook.
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