Meme coin "Lobster" has broken through $48 million in market capitalization to hit an all-time high, with a 24-hour gain of 49.1%.

Renowned crypto trader Lu Yao stated in a post that any price trend projection is merely a probability game, and traders must recognize this to avoid irrational decisions and over-leveraging positions. He believes the entire crypto market remains in a bear market, with only HYPE in a bull cycle, as it has hit an all-time high and will continue to do so. Following the recent market rebound, Lu Yao noted that the broader crypto market is still in a major bear cycle, but may have entered the first half of the bear market’s late stage—dubbed the "monkey market," characterized by sharp, volatile swings. The current rally is expected to continue, with Bitcoin potentially testing $90,000 to $100,000, but judging by its duration and prior drawdown, the bear cycle has not yet concluded, and the market may face further sharp volatility. Crypto investors should avoid being fully cash or fully invested at this stage, and participate with appropriate position sizing. According to HTX market data, HYPE has shown strong momentum recently, surging sharply from its $51 phase low, briefly breaking through its all-time high of $83, and is currently trading at $81.

According to on-chain analyst Ai Yi (@ai_9684xtpa), Circle (CRCL)’s long-term bullish address mtaavebank.eth has opened its first short position, becoming the largest CRCL short position on Hyperliquid. The address opened an 8x leveraged short position early this morning, currently holding 162,593.75 CRCL tokens worth approximately $14.95 million, with an entry price of $91.241 and an unrealized loss of $121,000. It has previously executed 11 CRCL trades, all long positions, totaling over $981,000 in profits.

According to TradingBeats monitoring, SKHX is currently trading at $1,240, up roughly 7.8% in the past 24 hours. The "smart money" address that chased to buy SKHX yesterday now holds 35,600 long positions, worth approximately $44.205 million at an average entry price of $1,168.2, with unrealized profit rising to around $2.559 million, an increase of $1.191 million from yesterday’s tracking. About 80 minutes before the U.S. stock market closed this morning, this whale placed 100 "reduce-only" sell orders in bulk, planning to sell nearly all its positions at $1,320 to $1,350, with a weighted average sell price of roughly $1,335 and a nominal value of about $47.591 million. If all orders are executed, the gross profit from this round of long positions would be approximately $5.946 million. Currently, the cumulative sell orders for SKHX in the $1,330 to $1,350 range total around $48.828 million, of which roughly $32.006 million comes from this whale, accounting for about 65.5% of the sell wall in this interval. Meanwhile, the additional buy orders the address retained yesterday in the $1,162.6 to $1,170 range have all been canceled, shifting its trading strategy from "continue buying on dips" to "lock in gains on rallies". This address just realized a profit of approximately $1.952 million from its previous SKHX trade; combined with the current unrealized profit, the total profit from its last two rounds of SKHX trades is around $4.511 million. Previous update: After SKHX’s rebound, smart money abandoned waiting for a pullback, chased to buy back $43 million worth of SKHX and turned a profit again.

According to Bitget market data, South Korea’s KOSPI index posted an intraday gain of over 2%. Samsung Electronics rose 2.63%, while SK Hynix gained 3.04%.

According to TradingBeats monitoring, short address 0x6046, which faced imminent liquidation if BTC rose just 2% yesterday, has closed out its short position of 559.36 BTC, incurring a loss of roughly $810,100. About 10 minutes after closing the short, the address immediately flipped to a long position, buying 428.287 BTC for approximately $34.59 million at an average entry price of $80,761. Its current position’s unrealized loss has since widened to around $677,100. Combined with the loss from the earlier short close, the address’s realized loss from the two directional swings plus current unrealized loss totals roughly $1.487 million, even exceeding its current account equity of about $1.277 million. As of press time, BTC is trading at $79,181. Its liquidation price stands at around $77,163, just 2.5% below the current price. The address currently has no visible BTC stop-loss or position-reduction orders. Previous news: If BTC rose another 2%, a whale that shorted $45.22 million yesterday would be forced into liquidation.

Beating AI News Flash: At least 14 senior executives have left OpenAI so far this year. As of August 21, Business Insider had counted 13 senior managers and key leaders. The Wall Street Journal recently revealed that data center head Chris Malone resigned last week. Malone joined OpenAI in March 2025 and was primarily responsible for the company’s data center expansion. The departing staff cover roles across business, product, security, ethics, research, and infrastructure, including former COO Brad Lightcap, application business head Fidji Simo, Chief Revenue Officer Denise Dresser, former CMO Kate Rouch, former CPO Kevin Weil, and security systems head Johannes Heidecke, among others. The reasons for their departures vary: Lightcap is preparing to launch a startup, some left due to health issues, others were affected by departmental restructuring or project shutdowns. Hardware head Caitlin Kalinowski resigned over dissatisfaction with OpenAI’s collaboration with the U.S. Pentagon. Some insiders frame this round of adjustments as a proactive management overhaul. OpenAI secretly submitted its U.S. IPO filing in June; consecutive leadership changes in business, security, research, and infrastructure clearly indicate that its organizational stability ahead of the IPO lags behind that of rival Anthropic.