Solana-based AMM Aquifer was hacked, suffering losses of approximately $2.5 million.

Yilihua, founder of Liquid Capital, stated in a social media post that the core of investing has never been spreading capital evenly across multiple assets, but rather focusing on a small number of star enterprises capable of generating excess returns. Duan Yongping’s first investment move after transitioning from entrepreneurship came in 2002, when he used $2 million to buy undervalued NetEase shares trading below $1. Holding the stock for 8 years, he earned over 100 times his initial investment, netting more than $260 million—cementing his status as a legendary investor and launching his iconic investment career. Every technological revolution brings abundant opportunities for excess returns. In the early days of the crypto industry a decade ago, holding Bitcoin or investing in high-quality projects yielded numerous 100x return cases. The AI industry is now in the same early explosive phase, with a large number of promising targets waiting to be discovered in both Chinese and U.S. markets. The core goal of AI investment today is to capture the most explosive star enterprises in this AI wave.

Per official news, X Money announced that its X platform has rolled out X Money to all U.S. users with Premium and Premium+ subscriptions. Eligible users can access the Money tab via the sidebar to start using X Money.

CryptoQuant analyst Axel Adler Jr. noted that between August 18 and 28, Bitcoin Long-Term Holder (LTH) 30-day cumulative distribution rose from 174,500 BTC to 281,900 BTC, a 61.5% increase, hitting its highest level since 2026 on August 28. The metric accelerated sharply during Bitcoin’s rapid rebound following a short squeeze, signaling long-term holders are taking profits amid the price recovery. Meanwhile, LTH MVRV rose from 1.31 on August 18 to 1.64 on August 27, and remained at 1.60 as of August 31, meaning the market value of Bitcoin held by long-term holders is roughly 60% above their average realized value. This indicates that despite rising distribution activity, long-term holders still hold substantial unrealized profits. Adler argues that the price rebound after the short squeeze has simultaneously lifted long-term holders’ profit levels and the pace of token distribution, creating conditions for further profit-taking. If Bitcoin prices hold steady, long-term holders may continue releasing supply, adding extra selling pressure to the market. The current market crux is whether long-term holders will sustain high-level distribution and whether new buying demand can absorb this additional supply; otherwise, the market may face renewed price pressure.

According to Bitget market data, South Korea’s KOSPI index closed up 15.78 points on Tuesday, September 1, with a 0.23% gain, ending at 6835.8 points. SK Hynix rose 1.13%, and Samsung Electronics increased by 0.38%.

Dongcha Beating AI News Flash: Abliteration.ai, a project specializing in creating "refusal-free" versions of open-source AI models, has launched a refusal-free variant of GLM-5.3 called abliterated-model-large-v2. The tool directly modifies model weights to weaken the model’s request refusal mechanism, targeting offensive cybersecurity, red team operations, and agent testing, and offers a paid API service. Zhipu AI had previously delayed the open release of GLM-5.3’s weights by two weeks for security assessment and hardening. After the weights were made public on August 28, Abliteration rolled out this modified version in just three days. GLM-5.3’s cyberattack capabilities are already far stronger than GLM-5.2: its ExploitBench score rose from 24.4% to 54.4%, and its two-hour ExploitGym task completion count jumped from 29 to 105. Abliteration has not yet released retest results for the refusal-free variant. Its API currently only defaults to blocking child sexual exploitation and self-harm content, while allowing default access to illegal activities, hate speech, harassment, and adult content.

Beating AI News (Insight): AI 3D firm VAST (Sanqi Wanwu) has closed its Series B and B+ funding rounds, raising a combined ~3 billion yuan, led by Matrix Partners China. Strategic investors including Perfect World, BlueFocus, Cambricon Technologies, and 37 Interactive Entertainment participated, while existing shareholders such as DC Capital, Spring Capital, and 4399 made follow-on investments. No specific valuation was disclosed for this round. The pace of its financing is even more striking than the amount raised: VAST secured a $50 million Series A round as recently as March, followed by nearly $200 million in Series A+ and A++ rounds in June, and over 1 billion yuan in Series A3 in July. Adding up the disclosed funding amounts, its total financing has reached nearly 6 billion yuan. AI 3D has indeed emerged as a sector heavily backed by capital lately. Its direct competitor Meshy just completed a nearly $400 million Series B round in July, hitting a $1.5 billion valuation.