Important News from Last Night and This Morning (August 30 - August 31)

Data: HYPE, SUI and other tokens will see major unlocks next week, with HYPE unlocking over $36 million in value

Token Unlocks data shows that tokens such as HYPE, SUI, and EIGEN will see major unlocks next week, including: Hyperliquid (HYPE) will unlock about 433,000 tokens at 8:00 a.m. Beijing time on September 6, representing about 0.1% of circulating supply and worth about $36.1 million; Sui (SUI) will unlock about 13.53 million tokens at 8:00 a.m. Beijing time on September 1, representing about 0.33% of circulating supply and worth about $10 million; EigenCloud (EIGEN) will unlock about 36.82 million tokens at 12:00 noon Beijing time on September 1, representing about 5.48% of circulating supply and worth about $7.2 million; Ethena (ENA) will unlock about 40.63 million tokens at 3:00 pm Beijing time on September 2, about 0.46% of the circulating supply, worth about $6.4 million; Opinion (OPN) will unlock about 39.25 million tokens at 8:00 pm Beijing time on September 5, about 10.04% of the circulating supply, worth about $2.2 million. It was previously reported that the Ethena Foundation announced four ecosystem adjustments, including initiating a buyback proposal for ENA governance and canceling monthly VC unlocks.

Michael Saylor's post hints that Strategy may increase its Bitcoin holdings again

Michael Saylor posted "We're ₿ack," hinting that Strategy may increase its Bitcoin holdings again.

IMF chief: Stablecoins could lower cross-border payment costs, but may impact monetary sovereignty in emerging markets

International Monetary Fund (IMF) Managing Director Georgieva said at the Jackson Hole annual meeting that stablecoins and tokenization could enhance global financial liquidity and make large cross-border payments cheaper and faster; however, stablecoins could also exacerbate currency substitution, capital flows, and exchange rate volatility, and weaken capital controls and monetary sovereignty. Dollar stablecoins could expand the dollar's global network effects and marginally reduce U.S. financing costs, but they cannot replace fiscal discipline. At this year's Jackson Hole global central bank annual meeting, three clear institutional paths have now emerged: the BIS leans more toward "marginalizing stablecoins and centering tokenized deposits"; the ECB leans more toward "putting central bank money on-chain"; and the IMF more readily acknowledges the practical efficiency of stablecoins in cross-border payments, while focusing key risks on currency substitution and capital flows in emerging markets. This carries more policy implications than simply being "for or against stablecoins."

Global billionaire count hits record high in 2025, with AI investment as the main driver

The latest report from wealth intelligence firm Altrata shows that the number of billionaires worldwide reached 3,795 in 2025, a record high; total billionaire wealth rose 12.8% year-on-year to $15.1 trillion, also setting a new record, a figure close to one-quarter of the total market value of S&P 500 constituents. Among these billionaires, 29 have assets exceeding $50 billion, including Larry Page, Elon Musk, and Jeff Bezos. Specifically, the AI investment boom was the main driver of billionaire wealth growth, with many tech-sector billionaires seeing their fortunes appreciate significantly as their companies' AI businesses expanded. Billionaires are most inclined to allocate wealth in two areas: sports and philanthropy. A total of 201 individuals own sports teams or have invested in sports franchises. The report noted that investing in professional sports teams not only showcases the scale of one's wealth, but can also serve as a channel for expanding social circles. Meanwhile, investing in philanthropy has become one of the ways billionaires use their wealth and social influence to give back to society and drive innovation in certain fields.

Cronos, linked to Crypto.com, halts operations due to Tectonic attack, with about $75 million involved

The Cronos Network, linked to Crypto.com, has suspended operations after lending protocol Tectonic was attacked. On-chain researcher Weilin Li estimated that the attacker pumped the price of low-liquidity TONIC by about 100x in roughly 20 minutes, then used it as collateral to borrow other assets, involving about $75 million, of which about $6 million has been bridged to Ethereum, while most of the remaining assets could not be moved out because Cronos halted its chain. The method resembles the oracle manipulation attack on Mango Markets in 2022. Tectonic has not yet confirmed the exact amount or root cause. Cronos Network confirmed on X that it had identified the Tectonic vulnerability and paused the network. Tectonic advised users not to interact with the protocol until safety is confirmed. Crypto.com CEO Kris Marszalek said Crypto.com's app and exchange were unaffected, user funds are safe, and the security team is assisting with the investigation.

US Open signs exclusive partnership with Kalshi as official prediction market platform

Kalshi has signed an exclusive agreement with the United States Tennis Association (USTA) to become the exclusive prediction market platform partner of the US Open. Although the specific terms and details of the deal are not yet clear, sources noted that the agreement was only finalized after qualifying ended last week. As part of the agreement, USTA prohibits any other prediction market platform from advertising at tournament venues or on television, including ESPN, which broadcasts the event. The US Open, owned and operated by the United States Tennis Association (USTA), had originally planned to consider establishing partnerships with prediction markets in 2027 and beyond. However, USTA's new CEO Craig Tiley played a key role in brokering the deal for this year's tournament. Tiley previously served as CEO of Tennis Australia, the organizer of the Australian Open, for more than a decade, and joined USTA in February this year.

PeckShield: Tectonic attacker only bridged $6 million, with remaining funds stranded on Cronos chain

Tectonic suffered an attack on the Cronos network, with total losses of about $74 million. In response, Cronos paused the entire chain. Before the network pause, the attacker only managed to bridge about $6 million in funds to Ethereum, while the remaining roughly $60 million in funds were stranded on the Cronos chain. Currently, the attacker's funds are distributed across the following addresses: About $60 million on the Cronos chain: 0x7d4e....4f2dc About $6 million bridged to Ethereum: 0xc404...72dd About $8 million on the Cronos chain: 0x215a...d3fc

South Korea's KOSPI index falls 3%, SK Hynix drops more than 4%

Bybit market data shows that the decline in South Korea's KOSPI index widened to 3%, SK Hynix fell more than 4%, and Samsung Electronics dropped more than 3%.

US-Iran tensions escalate again, international crude oil opens higher on Monday

WTI crude oil futures extended gains to 2%, trading at $85.137 per barrel. Brent crude oil futures touched $90 per barrel, last trading at $90.044 per barrel, up 2.21% on the day. Earlier, Iran's Revolutionary Guard said Iran had launched missiles at a U.S. military base. Shortly before that, explosions were heard near Iran's Larak Island. According to foreign media reports, the U.S. carried out bombing against military facilities located on the island.

A whale transferred $108 million worth of ETH to exchanges within one day

A whale deposited 43,880 ETH (approximately $108.04 million) into Binance, OKX, Bybit, Kraken, and Gate exchanges over the past day. The whale had previously received 51,390 ETH (approximately $125.94 million) from another address, and the ETH in that sending address had all been accumulated from Coinbase Prime.

Wintermute transferred about $400 million in BTC to Binance over the past two days

Over the past two days, Wintermute transferred 5,100 BTC (about $399.03 million) to Binance.

Sony and Warner jointly sue Anthropic, accusing it of using copyrighted music to train AI models

Sony Music Publishing and Warner Chappell Music have filed a lawsuit against Anthropic in the U.S. District Court for the Northern District of California, seeking damages over "tens of thousands" of copyrighted works. They accuse Anthropic of illegally downloading, scraping, and distributing copyrighted works on a large scale to develop and train the Claude series of AI models. The plaintiffs are seeking up to $150,000 per work, plus up to $25,000 for each act of removing identifiable copyright data. If the court rules in favor of Sony and Warner and awards the maximum damages, the total amount could reach billions of dollars. In addition to suing Anthropic as an entity, the complaint also names co-founders Dario Amodei and Benjamin Mann as individual defendants. The lawsuit alleges that Mann used BitTorrent to download more than 5 million pirated books, and that employees downloaded at least 2 million from Pirate Library Mirror. The complaint also claims that Anthropic scraped lyrics from sites such as MusixMatch and LyricFind, which pay record labels for content licensing. Anthropic recently reached a $1.5 billion settlement with the publishing industry in another lawsuit. In addition, Anthropic also faces multiple lawsuits from Universal Music Group, Concord, and ABKCO, as well as separate lawsuits filed by BMG and Round Hill Music.

Metaplanet transferred $62 million worth of BTC to Coinbase

Metaplanet has transferred 800 BTC (about $62.19 million) to Coinbase Prime, a move that is likely intended for sale.