SK Hynix is considering selling its stake in its Chongqing plant to support large-scale domestic investments in South Korea.

Rising U.S. stock star researcher KawzInvests (@KawzInvests) posted, "I sold all my memory stocks months ago and went all-in on CPO-related stocks. It looks like everyone is starting to turn bearish on memory this weekend. The same thing happened with optics two weeks ago, when the market panicked over supposed capital expenditure cuts. There’s nothing that makes me want to buy something more than when everyone unanimously agrees it’s over." KawzInvests has 100,000 followers on X, and his posts mostly focus on high-volatility areas like AI infrastructure, optical communications, and small-cap growth stocks. His analysis draws logic from factors including supply chain positioning, order leads, partners, management changes, M&A potential, and valuation re-rating upside. His breakout trade was a bullish call on AAOI at the end of last year, when the stock was trading at just $30 before surging to over $220.

A volunteer security team recently used cutting-edge AI models to scan roughly 150 codebases related to core Bitcoin projects, discovering over a dozen vulnerabilities spanning wallets, cryptography libraries, and infrastructure projects. According to reports, the team leveraged models including Kimi K3, OpenAI’s GPT Sol, Anthropic’s Claude Fable and Opus, and Z.ai’s GLM 5.2 to identify vulnerabilities and generate supporting documentation. Team members stated each researcher is now finding approximately one critical vulnerability per hour. Over the past 12 hours, the team has submitted security reports to multiple projects, though the specific affected projects have not been disclosed. Recent security incidents involving platforms like Coldcard and Boltz also highlight that AI is being used by both security researchers and malicious actors to discover software vulnerabilities at a faster pace.

According to Onchain Lens monitoring, a whale has accumulated 387,830 LINK tokens from Binance over the past 30 days, worth approximately $3.22 million. Thirteen hours ago, the whale transferred his entire LINK holding to his Safe wallet.

As of August 7, 194 listed companies on South Korea’s KOSDAQ market have market capitalizations below the threshold for designation as administrative stocks, accounting for 10.6% of the market’s total 1,820 listed firms; 41 such companies are listed on the KOSPI market. Since July 1, KOSDAQ’s market cap threshold has been raised from 15 billion won to 20 billion won, while KOSPI’s threshold has been lifted from 20 billion won to 30 billion won. Companies whose market capitalization remains below the threshold for 30 consecutive trading days will be classified as administrative stocks. Once in this category, firms must restore their market cap to above the threshold for 45 consecutive trading days within 90 trading days; failure to do so will trigger delisting procedures. On the stock price front, 48 listed companies have disclosed risks of being designated as administrative stocks due to their share prices staying below 1,000 won for 25 consecutive trading days, including 38 on KOSDAQ and 10 on KOSPI. If the relevant companies fail to record any trading day with a share price of 1,000 won or higher by August 12, they may be classified as administrative stocks starting from the next trading day. (NATE)

According to Yonhap News Agency, former SK Hynix China local subsidiary employee Kim (South Korean national) was sentenced to 1 year and 6 months in prison in the second instance for leaking the company’s business secrets to a Chinese firm. In 2022, Kim intended to switch jobs to Chinese enterprises including Huawei’s subsidiary HiSilicon. He violated the company’s security rules by printing or photographing a large volume of cutting-edge technology and business secret documents related to CIS (CMOS image sensors) from the internal document management system, and directly quoted parts of the content in his resume submitted to the Chinese company, completing the leak. Prosecutors indicted Kim on charges including violations of the Industrial Technology Protection Act, the Unfair Competition Prevention Act, and breach of trust. The first-instance court found Kim guilty of leaking business secrets, sentencing him to 1 year and 6 months in prison, but acquitted him of charges related to Hybrid Bonding technology, stating that the technology had not been included in the Ministry of Trade, Industry and Energy’s list of advanced technologies at the time. Criminal Division 10-1 of the Seoul High Court recently issued the second-instance ruling, fully upholding the original sentence. The court noted that Kim leaked a large amount of business secrets and submitted them to the Chinese company via his resume, constituting a serious offense. The documents were the result of years of R&D investment by the victim company; a lenient sentence in such cases would weaken enterprises’ motivation for technological development and make it easy for overseas competitors to steal South Korean technology through talent recruitment. The court also considered that Kim had fully confessed and most of the documents had been recovered, so it did not impose a heavier penalty.

Solana ecosystem meme coin TOAD launched at 10 PM last night. Mike Dudas, founder of 6th Man Ventures, received tokens gifted by the TOAD community, then continuously promoted the coin on social media and made small purchases. Dudas stated he will not sell these tokens, instead he will follow Ansem’s approach to use them to encourage narrative dissemination. Driven by the news, per GMGN data, TOAD’s market cap quickly surged past $20 million after launch before pulling back, currently standing at $12 million with trading volume exceeding $52.1 million. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.