Don’t rush to shout “another one has gone down again”—this time it looks more like the supply was forcibly busted open.
Harmony (ONE) Asian market saw a plunge of about 26% to 30%. The team confirmed something went wrong: they are coordinating with the exchange to freeze funds, while also preparing a patch and assessing whether to roll the chain back.
On-chain observers claim that a suspected invalid path was used to illegally mint empty blocks, with figures said to be as large as about 4 billion tokens (roughly one quarter of the original supply). Of that, about 2.8 billion reportedly flowed to exchanges. However, these numbers have not yet been officially itemized and confirmed by the project—so for now, treat them as “high-confidence rumors” until the official verification is released.
Key points: CEXs have frozen buy orders in time. The real challenge is the governance choice between a patch and a rollback—rollback harms trust, but not rolling back harms token holders. Harmony also has past incidents: the 2022 cross-chain bridge hacker and a 2023 erroneous token re-minting case. Market memory won’t fade quickly.
Watch three things: the official confirmation of the minted amount, the scale of the exchange freeze, and whether they choose a patch or a rollback.
Before tonight’s CPI, don’t just stare at the price levels—first look at the two on-chain “walls.”
Glassnode map: the thickest demand shelf nearby is around $63,000, where roughly a tenth of circulating supply last changed hands; above that, the cost basis for short-term holders is about $69,000—people who are underwater tend to sell the moment they break even.
On the macro side: tonight at 8:30 p.m. Eastern (20:30 Beijing time), July CPI will be released. Consensus is roughly 3.4% year-over-year for headline and 2.5% for core. If it comes in hot → rate-hike expectations rebound → yields and the dollar move higher; if it’s cool → risk appetite loosens a bit. CoinDesk also pointed out that this is a typical binary event that could kick BTC out of its recent $62,000–$66,000 trading range.
Structural read: first decide whether the $63,000 demand shelf can hold; only then talk about whether it can reach the $69,000 “trapped wall.” After the numbers land, watch how the market reacts—what matters more than guessing the number itself.
Korean market prices are even cheaper than outside—kimchi premium has already flipped green.
According to South Korean media IT Times: On Aug 12 at 00:00 KST, Upbit’s Bitcoin is about 89.89 million KRW; after conversion, it is roughly 230,000 KRW lower than Binance—an inverse premium of about -0.26%. ETH/SOL/XRP/DOGE/SUI are mostly also in the range of -0.2% to -0.4%.
More importantly, it’s a trend: CryptoQuant (cited via the South Korean Economic Daily/Bloomingbit) shows that over the first 221 days of this year, 123 days have had an inverse premium. From 6/20 to 7/24, it also set a record of 35 consecutive days flipping green. A researcher at Shinhan Investment Securities noted: with a gap in derivatives and tax expectations nearing, domestic incremental demand isn’t eager to step in.
Structurally: it’s no longer that “more expensive in KRW = more crazy,” but rather “cheaper in KRW = more cold.” Don’t treat it as a no-profit tutorial—under capital controls, real arbitrage is hard. It’s more like a barometer of sentiment between Korea and Japan.
Source: IT Times (2026-08-12)|Bloomingbit/KEconomy Daily citing CryptoQuant (about 2026-08-11) This article is for information exchange only and does not constitute investment advice.
Grayscale withdraws three altcoin ETFs in 190 seconds: the institutional pipeline keeps funneling BTC/ETH
Don’t read it as, “the SEC denied altcoins again.” Grayscale is the one who raised its own hand. In the evening of August 7, U.S. Eastern Time—around 4:33 to 4:36—Grayscale filed three Forms RW in continuous succession within about 190 seconds, withdrawing the registration statements for trust-type ETFs of Cardano (ADA), Hedera (HBAR), and Polkadot (DOT). The wording across the three documents is almost identical: they do not intend to proceed with the issuance of shares. This is the initiator proactively withdrawing, not an SEC denial order. None of the three S-1 filings ever became effective, and no shares were issued or sold. Structurally, what’s worth looking at is the “pipe narrowing at the end.” The related exchange listing applications were already withdrawn earlier: NYSE Arca withdrew its ADA listing proposal in September last year, and Nasdaq withdrew its DOT/HBAR proposal in November last year. This time, Grayscale is merely closing out the remaining Securities Act registrations that were still pending. Compared with last week’s spot BTC/ETH ETF combined net inflow of about $1.1 billion—and with around 80% of that going into BlackRock products—the “Wall Street compliance gateway” on the altcoin side was not opened at the same time.
Money’s back, but 80% went into BlackRock: ETF inflows show that the knockoff coin liquidity hasn’t thawed yet
The money is back, but don’t rush to read it as “a knockoff coin is about to take off.” As of the week ending August 7, Eastern Time, U.S. spot Bitcoin ETFs saw net inflows of about $853.54 million— the strongest single-week figure since mid-April. Spot Ethereum ETFs brought in about $244.9 million and have continued with net inflows for a fifth consecutive week. Together, the two sides total roughly on the order of $1.1 billion. The data definition comes from SoSoValue, and multiple media outlets cross-referenced and agree. What’s truly glaring is the concentration: in the same week, BlackRock’s IBIT alone sucked up about $693–694 million, accounting for roughly four-fifths of Bitcoin ETF weekly inflows; on the ETH side, it’s also Blackstone’s products that take the vast majority. In plain terms, this is “institutional replenishment through Wall Street’s compliant channels,” not a broad-based rebound in retail sentiment.
SEC Schedules August 14 Public Meeting to Review a Crypto Asset “Tailored Issuance” Rules Proposal
【Event Overview】 The U.S. Securities and Exchange Commission (SEC, the federal agency responsible for regulating the issuance and trading of securities) has issued a Sunshine Act notice: it will hold an open meeting at its Washington headquarters on August 14, 2026 at 10:00 a.m. Eastern Time (22:00 on the same day in Beijing time) to deliberate whether to publish a proposal seeking public comment for review. Key agenda focus: whether to propose new rules to establish a tailored issuance framework for “certain investment contracts involving crypto assets.” Multiple media outlets describe it as a key step toward formally initiating “Reg Crypto” rulemaking.
#SpaceX Grok bot Musk: after the $6 billion acquisition of Cursor, it finally reveals its first “ace card”!
Just now, SpaceX AI officially released an early test version of Grok Bot—an AI teammate that has its own cloud computer.
Just a few days ago, at an all-hands meeting of Cursor employees, they leaked a general-purpose Agent they hadn’t released yet, codenamed “Sand.” Turns out it shows up this quickly, under the name Grok Bot.
Musk’s ultimate move has finally been revealed!
He also disclosed that this week, a Grok 4.6 version of Grok Bot will be released. Full firepower, nonstop.
Grok Bot claims to be an AI Agent that can log into your various accounts by itself and do end-to-end work like a real human employee.
Even more brutal: when you close your laptop, it still keeps running. Because it runs in the cloud, it’s online 24/7.
So basically, your Agent teammate has directly sat down at your desk.
As soon as the news broke, Silicon Valley went into an uproar. Tech bloggers, SaaS founders, and independent developers all shared their Bot workflows—lists of 100 real use cases spread like wildfire across social media.
Meanwhile, Grok 4.6 is also “sprinting ahead” in the Cursor model list to show up in public.
A new model + a new Agent—double kill in one week. Musk’s latest offensive came fast and hard.
In 2021 A holder with HK$20 million worth of cryptocurrency assets was beaten with a hammer, had both legs broken, and was confined for 7 days after being robbed during an offline cash transaction.
In 2023 A young Chinese couple with a background in cryptocurrencies were found dead inside a hotel on the Indonesian island of Bali, with their deaths involving severe physical torture.
In 2024 At age 29, a foreign cryptocurrency holder was abducted late at night in Kyiv, forced to transfer 2.55 BTC, and was then strangled and buried.
In 2024 The CEO of Canada-listed crypto platform WonderFi was forcibly abducted in downtown Toronto.
In 2025 The father of a certain crypto tycoon was abducted and extorted on a Paris street, and his fingers were cut off.
In 2025 An Italian crypto trader was confined for 17 days, subjected to electric shocks, saw wounds, and was suspended and hung to extort private keys.
In 2025 The co-founder of the Ledger hardware wallet was abducted in France and had his fingers cut off.
In 2026 The wife of The Sandbox’s founder was attacked at home in Paris by assailants disguised as delivery workers, who tried to drag her into a car.
In 2026 Well-known crypto investor Harry Yeh died in a bizarre fall from the 30th floor of a luxury residence in Paraguay; the victim was naked, and there were signs of serious rummaging and a struggle indoors.
🥶🥶🥶
From now on, the safety everyone needs to pay attention to may not be solely the safety of assets in your wallet.
According to a report by the Seoul Economic Daily, SK hynix will restart construction of the second factory at its NAND flash memory production base in Dalian, China, aiming to increase overall capacity by 50%. Previously, the project had been paused due to a slump in the memory market. The South Korean chipmaker plans to complete equipment installation for the second factory by the end of this year and bring it fully into production in the first half of next year. #SKHYNIX
The person at Binance Square who talks the biggest|8.12 Morning Market Daily Brothers, today I’m naming this market setup—“The last act of playing dead before CPI.” Right now, BTC is stuck grinding between 63,300–63,700, slightly weaker in the morning session, with a small dip over the past 24 hours. ETH is holding steadier, hovering around 1,880. The whole market is still waiting for tonight’s big show—the US July CPI (8:30pm Eastern, about 20:30 Beijing time tonight). Today’s core message is just one thing: wait for CPI. The market has already pulled back for several days in advance. Oil prices are still hovering at a high level on the Hormuz Strait news. After institutions piled into ETFs last week, there was a bit of hesitation yesterday as well. Strategy continues to maintain large positions, but the pace is cautious. Now everyone is watching the same number: Expected Headline YoY about 3.4%, Core YoY about 2.5%, and MoM around 0.2% Key levels (copy the playbook directly) BTC: 63,000–63,200 is tonight’s real stress-test line. If it holds, there’ll be a chance to look back at 64k+ later. If it breaks down with volume and can’t reclaim, the short-term picture will look ugly. ETH: First, see whether 1,850–1,860 can keep holding. My stance (exclusive edition for the person at Binance Square who talks the biggest) This isn’t the night before a collapse—it’s normal suffocation before the data lands. Real “big shots” aren’t calling orders or betting on the first green/red candle right now. They adjust their position size to the level where you can actually sleep, and wait for tonight’s numbers to move. If CPI comes in soft → risk assets may collectively get a chance to breathe. If CPI comes in hot → it’ll keep digesting in a range; people will likely pick up around 63k. Tonight, watch the screen carefully—don’t get ahead of yourself. If you have positions, hold steady; if you don’t, don’t rush to copy trades. Opportunities always belong to those with patience. (Data as of this morning; markets change fast—DYOR, don’t treat my exaggeration as literal money and gold)
The person at Binance Square who’s best at blowing smoke|8.11 Evening Market Daily
Today’s行情 I’m calling it—“a deep breath before the dead-cat bounce.”
BTC is stuck around 64,100, down about 1.5% in the past 24h. ETH got hammered to 1870–1880, down nearly 2%. Total market cap has slipped back to 2.19 trillion, and the Fear & Greed Index continues to linger in the Fear zone.
What happened today:
Tomorrow (8.12), the U.S. July CPI will be released—big news. The market is already holding back. Oil jumped again due to headlines from the Strait of Hormuz, and risk assets are getting pressed down. Strategy also sold 1,690 BTC last week to repurchase preferred shares, and it still has 840,000+ BTC. The ETF frenzy last week saw a massive inflow of 850 million; then on August 10, there was suddenly a net outflow of 145 million—institutions are waiting for CPI.
Key levels:
For BTC, support looks at 63,600–63,800. Above, 65k is still a tough nut to crack. For ETH, first watch 1850–1860—can it hold?
This isn’t a crash. It’s liquidation of high-leverage positions plus a normal shakeout ahead of a macro event. The truly awesome ones aren’t shouting orders right now—they adjust their positions comfortably and wait for CPI to land.
Sleep well tonight; tomorrow is when the real show starts. If you’re in a position, stay steady. If you’re not, don’t rush to chase. *(Data as of tonight—DYOR.)*
Can’t sleep in the middle of the night, so I played a few rounds with some elementary school kids. That kid is seriously crazy—he led us to push in and chase the supply drops, wiping out three teams. I was so excited I yelled way too loud, and his mom caught me on the spot 😂