律动BlockBeats

BlockBeats message: On August 19, US 10-year Treasury yields rose to 4.75% at one point, hitting a new high since January 2025. The 20-year yield also climbed to about 5.28%, and long-end US Treasuries have continued to face persistent selling pressure. The core driver behind this rise in yields is no longer just short-term Federal Reserve rate expectations; rather, the market is re-evaluating US long-term fiscal deficits, inflation risks, and term premium.
The size of US Treasuries is approaching $40 trillion. The fiscal deficit continues to widen, meaning the government must rely on a larger volume of bond issuance to absorb market funds. When investors demand higher yields to take on long-dated US Treasuries, it affects not only the government’s borrowing costs, but also raises the capital costs of companies, mortgages, and highly valued assets. In other words, rising long-end yields are gradually becoming a pricing constraint across the entire financial market.

BlockBeats news: On August 19, Florida, USA, filed a lawsuit against OpenAI and its CEO Sam Altman, alleging that its generative AI products and large language models (LLMs) constitute "public nuisance" in a legal sense.
Reports say that some U.S. states are trying to regulate AI companies through a legal framework known as "public nuisance," likening generative AI to "digital pollution sources" that could cause social harm. Related allegations claim that AI chatbots may affect the public’s mental health, provide unverified advice, and pose risks to public safety.

According to a BlockBeats report, on August 19, Binance issued an announcement stating that, effective from 08:15 on August 19, 2026 (UTC), it will adjust the funding rate settlement interval for its USDⓈ-M UNITREEUSDT perpetual contract. The interval will change from every 8 hours to every 4 hours.
After the adjustment, the funding rate settlement times for the UNITREEUSDT perpetual contract will be 00:00, 04:00, 08:00, 12:00, 16:00, and 20:00 (UTC) each day. The maximum and minimum single funding rate limits will remain at +2.00%/-2.00%.
Binance states that it will continuously adjust contract parameters according to market risk conditions, including funding rates, the minimum price movement unit, maximum leverage, and initial margin and maintenance margin requirements.

BlockBeats message: On August 19, the cross-chain liquidity protocol Maya Protocol was hit by a security vulnerability attack. Its MAYAChain network was forced to pause trading due to a series of software defects.
The attacker exploited six vulnerabilities in combination to trick the network into incorrectly recording transactions, inflating a liquidity pool by about 49.0 million CACAO tokens, while the pool’s actual reserves were only about 168,000 CACAO tokens. The attacker then obtained over 99% of the pool’s shares by depositing assets at low cost and withdrew about 48.87 million CACAO tokens, converting them into assets such as BTC and ETH.
On-chain data shows that the attacker transferred out about 20.83 BTC (approximately $1.34 million) and other assets, accumulating direct gains of about $1.65 million. About 8.87 million CACAO tokens are still left in the attacker’s wallet.

BlockBeats messages, August 19. According to TradingBeats (formerly Hyperinsight) monitoring, as of the time of writing, UNITREE’s funding rate per hour is approximately -0.3544%. Currently, shorts are paying longs. A large whale (0xfe4) has topped out at a high level and is already in profit; it is now shorting with 10x leverage, with a short position value of about $728,000. The entry average price is $125.04, and the current unrealized profit is about $58,000. The liquidation price is approximately $130.44. Since the position was opened, it has already paid about $5,448 in funding fees.
However, if the current funding rate remains unchanged, its funding fee expenses would be about $2,579 per hour, or up to $60,000 per day. After deducting the funding fees already paid, the current unrealized profit at the current price is about $55,000. Under a static scenario, within less than a day, the position could be completely wiped out by funding fees. In a static outlook, the position may gradually enter the liquidation range purely due to the continuous payment of funding fees.

Built on Aptos, the on-chain trading platform Decibel today launches BTC-USDC and APT-USDC spot markets, marking the first time its scope of business has expanded beyond perpetual futures. This rollout integrates spot positions, perpetual contract trading, and collateral management into a single account, giving traders a broader set of tools without needing to move assets between different platforms.
Spot trading on-chain continues to grow, and this launch is exactly in line with that trend. In June 2026, the spot trading volume handled by decentralized exchanges reached $195 billion, up 9.1% from the previous month. Looking at the longer term, the share of decentralized spot trading volume relative to centralized exchange trading volume has grown from 6% in January 2021 to 21.2% in November 2025.

BlockBeats message: On August 19, TikTok is developing a “peer-to-peer” payment feature that would allow users to transfer money to each other via direct messages. The “evidence” for the claim comes from the code of the U.S. version of the TikTok app. From the code, the interaction design for this feature is already fairly complete. Recipients can “click to accept” the payment before it expires, and payers can learn the transaction status via push notifications or their inbox. It also supports adding a note when making a payment, similar to Venmo—an offering under PayPal.
A TikTok spokesperson said the feature is currently not being tested in any market and is still in the early development stage. TikTok Pay is currently only available in Vietnam, Malaysia, and Thailand for TikTok Shop checkout payments, and it cannot be guaranteed that peer-to-peer payment functionality will ultimately be released.

BlockBeats report: On August 19, according to monitoring by TradingBeats (formerly Hyperinsight), Unitree Technology listed on the STAR Market today. During the session, it peaked at 1100 yuan; it is now reported at 883.87 yuan, up 486.1% from the 150.8 yuan issue price. It has retreated about 19.6% from the intraday high. This performance is highly similar to the first day of Changxin Technology’s listing. Changxin Technology surged 465.82% on its first trading day on July 27. Unitree’s gain is only about 20 percentage points higher than that. Yesterday’s market-priced-in “Changxin script” has basically been fulfilled.
xyz on Hyperliquid: <UNITREE> synchronously rises; it is currently reported at $121.67, up about 20.0% from yesterday. The open contract value has increased to about $29.58 million, up 34.9% from yesterday. After excluding the impact of the price rise, the actual number of positions still grows by about 12.4%, indicating that even after the listing, new leverage continues to enter.

BlockBeats message: On August 19, according to TradingBeats (formerly Hyperinsight) monitoring, the current open interest of the MU-USDC perpetual contract on Hyperliquid is approximately $138 million. Compared with the earlier open interest of nearly $300 million in July, it has shrunk by more than 60%, and has also reached the lowest level in nearly two and a half months.
Within the past 24 hours, liquidations for MU contracts were concentrated in long positions, though no large liquidation amounts have occurred yet. The liquidation address ranking shows: “Kvyadav1:vishnuvamsi.eth” long liquidations of $77,700 (20 hours ago), 0x4a...8f7b long liquidations of $55,900 (14 hours ago), and 0x59...7716 long liquidations of $55,500 (4 hours ago).

BlockBeats report: On August 19, according to statistics compiled by TradingBeats (formerly Hyperinsight), the path of the address on Trade.xyz that profited over $1 million from the Yushu contract has not been straightforward. In fact, in February of last year, the address lost nearly $1 million in the perpetual contracts market, the account was emptied, and it went quiet for half a year.
The turning point occurred in late March 2026. Starting at external address 0x6b9e, large amounts of USD were continuously transferred into that address, totaling over $8,000,000. Meanwhile, in May and June 2026, the address also received two HYPE distributions from the Hyperliquid bridge—5,504 HYPE (worth about $331,000) and 6,956 HYPE (worth about $378,000). The three distributions together totaled about 35,410 HYPE. These funds were injected into the perpetual account, and trading volume surged explosively after April 2026. However, the process was still not smooth: around April 23, 2026, the cumulative perpetual trades temporarily showed a loss of $1.51 million—which was the deepest drawdown in the address’s history.