A suspected a16z address spent 36 million USDC to acquire 441,000 HYPE over the past two days.

SK Hynix CEO Kwak Noh-jung said the company is exploring ways to deepen cooperation with Japanese memory chip customers and suppliers, and is carefully evaluating how to jointly develop the NAND flash market. Regarding its significant indirect stake in Kioxia, he noted there are "no definite plans at present." After Toshiba reduced its holdings this month, BCPE Pangea Cayman2—the investment vehicle holding relevant shares for SK Hynix—has become Kioxia’s largest shareholder with a 14.19% stake. SK Hynix holds bonds convertible to nearly all voting rights of this investment vehicle; under the prior agreement, its voting rights will not exceed 15% before 2028 unless Kioxia consents. Additionally, SK Hynix is investing over $4 billion to build its first U.S.-based HBM packaging facility in Indiana. The factory’s cleanroom is scheduled to open in October 2028, with next-generation HBM set for mass production in the second half of 2029, and approximately 1,000 employees are expected to be hired once full operations launch. The company is also still evaluating the possibility of listing its U.S. NAND subsidiary Solidigm, though no decision has been made yet.

Beating AI News (Dongcha): Anthropic wins its latest lawsuit against the Pentagon. U.S. federal judge Rita Lin ruled that the U.S. government’s designation of Anthropic as a “supply chain risk,” its demand for federal agencies to discontinue use of Claude, and its restriction on defense contractors partnering with the company are all illegal. The court found these measures constituted retaliation against Anthropic for its public criticism of the government’s AI policies. The ruling heavily criticized the evidence submitted by the government. The entire basis for the measures was a single four-page memo, which was dated later than two of the three actions taken. The government had previously raised concerns that Anthropic could modify its deployed models via a “backdoor,” but court filings confirmed the company held no such access. The judge concluded the government’s only remaining justification was its “distrust” of Anthropic and its desire to publicly assert authority over the firm. The conflict originated over restrictions on military use of Claude. Anthropic has maintained the model should not be used for mass surveillance of Americans or fully autonomous weapons, while the Pentagon demanded access for all legal purposes. The court also clarified the ruling does not force the military to continue using Claude. The Pentagon may still legally switch vendors, but it can no longer use the “supply chain risk” designation to blacklist Anthropic.

According to monitoring by TradingBeats (formerly Hyperinsight), Polymarket trader "xm39"—who had previously bet on both "the U.S. will invade Iran before 2027" and gone long on crude oil—began scaling back positions on both sides of the "escalating war" thesis yesterday, flipping to short crude oil this morning. Yesterday, its associated address 0x40f liquidated 175,900 WTI crude oil long positions for ~$14.253 million, incurring a $282,000 loss. About two minutes later, "xm39" sold its Polymarket war prediction positions in bulk: 1.1823 million "Yes" contracts for "the U.S. will invade Iran before 2027" via 50 trades. At sale, the market-implied probability of the event was ~14.1%, generating ~$166,700 in proceeds. The sale covered 75.5% of its position, leaving 383,100 contracts. As of press time, the market-implied probability of the U.S. invading Iran before 2027 has fallen further to 12.5%. The average entry probability for its remaining contracts is ~23.28%, with a current value of ~$47,900, an unrealized loss of ~$41,300, and a 46.3% loss rate. Early today, the address opened 122,500 CL (crude oil) short positions, currently holding a $10.183 million full-position short with 20x leverage, ~$30,000 in unrealized profit, a 5.9% return rate, and a $93.09 liquidation price. It set 7 stop-loss orders at $83.522–$84.001, covering ~91.3% of its current short. WTI crude oil rose 1.6% overnight to $83.53, driven by cooling U.S.-Iran talk expectations and resurgent supply risks, though prices are still down ~4.3% this week. The 0x40f short was built right after the overnight rebound. Earlier context: Trader "xm39" had predicted crude oil would keep rising, boosting his position to $48 million in on-chain perpetual contracts. Perpetual and address analysis tool TradingBeats is now live, supporting real-time Hyperliquid data viewing, address-based whale operation tracing, and in-depth analysis at a glance.

According to monitoring by TradingBeats (formerly Hyperinsight), ENA is trading at $0.1686, up approximately 16.3% in the past 24 hours, with a trading volume of around $138 million and open interest of about $73.773 million. ENA hit a low of $0.07696 on July 30, and has since rebounded roughly 119.1% from its near-month low; it reached an intraday high of $0.18994 today, and is now down about 11.2% from that peak. A whale address starting with 0x0911 went long on ENA on July 28, roughly two days earlier than the aforementioned stage low, and has held the position for about a month. Currently, the whale holds a 10x fully leveraged long position on 9.453 million ENA tokens, with a position value of around $1.594 million, an average entry price of $0.09498, and an unrealized profit of approximately $696,000, translating to a return of 775.5%. TradingBeats, an on-chain Perpetual (Perp) and address analysis tool, is now live, supporting real-time viewing of Hyperliquid data—from tracing whale operations to in-depth address analysis, all accessible at a glance.

According to Bloomberg, ahead of Federal Reserve Chair Walsh’s speech at the Jackson Hole Economic Symposium, multiple Fed officials have sent mixed signals on inflation and interest rate outlooks, with their main disagreement centered on whether current rates are sufficiently restrictive for the economy. Kansas City Fed President Jeff Schmid argued that short-term rates could still be accommodative, meaning the Fed has more work to do. Cleveland Fed President Beth Hammack similarly noted that current rates are not restrictive enough for the economy, and further policy tightening is needed to bring inflation down to the 2% target within a reasonable timeframe. Boston Fed President Susan Collins, meanwhile, said current rates are "moderately restrictive". Chicago Fed President Austan Goolsbee said the Fed can continue to wait for inflation data, but he would be concerned if services inflation remains high or rises again. The U.S. July PCE price index rose 3.7% year-over-year. Interest rate futures show the market pricing in a roughly 36% probability of a Fed rate hike in September. The Fed kept the federal funds rate at 3.5% to 3.75% in July, with three officials backing a rate hike at that meeting. Walsh is scheduled to speak at 22:00 Beijing time on August 28.

According to GMGN market data, today’s meme coin market has entered a phase of divergence. Strong-performing tokens on Robinhood Chain have pulled back from their highs, but capital has not significantly exited the market—instead, it is continuing to seek new relay opportunities within the chain. The AI-themed meme coin Artificial Inu (AI) hit a new all-time high, while FONE has emerged as a standout on Solana, with the short-term market still focused on high-volatility meme coins. On Robinhood Chain, CASHCAT has pulled back after hitting a phase high, currently trading at ~$0.203, with a market cap of ~$204 million. Its all-time high market cap stood at ~$257 million, down 12.1% in 24 hours, and 24-hour trading volume is ~$34.1 million. PONS also corrected from a high, currently priced at ~$0.112, with a market cap of ~$114 million, all-time high ~$149 million, down 8.6% in 24 hours, and 24h trading volume ~$15.7 million. Meanwhile, Artificial Inu (AI) continues to strengthen, hitting an all-time high market cap of $95.7 million at one point. The meme coin is currently trading at ~$0.0878, with a market cap of ~$87.17 million, up 50.4% in 24 hours, and 24h trading volume ~$15.5 million. AI’s core narrative combines AI and Inu dog themes, making it one of the strongest relay tokens on Robinhood Chain recently. The new hotspot on the Solana network is FONE, a meme coin currently priced at ~$0.0222, with a market cap of ~$22.1 million, all-time high ~$32.2 million, up 692% in 24 hours, and 24h trading volume ~$80 million. Full name apeonfone, FONE is a newly launched phone-themed meme coin on Solana that has quickly attracted short-term capital thanks to its new token narrative and extremely high turnover.