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8/12
01:19
The exploit, which created an amount equal to over a quarter of ONE's existing supply, prompted Harmony to work with exchanges to freeze funds and prepare a software fix, including potential rollback options. The network previously faced a bug in 2023 that improperly created 146.3 million ONE tokens and a $100 million bridge attack in 2022.
01:18
Koray Kavukcuoglu, previously CTO of Google DeepMind and Chief AI Architect at Google, will now report directly to Google CEO Sundar Pichai. He will be responsible for Gemini model development, frontier AI research, and the Gemini applications and developer teams. This personnel change aims to shift Google DeepMind's focus from academic projects to enhancing frontier AI performance and developer tools, in response to competitive pressure from new models expected from OpenAI and Anthropic in 2026. Former CEO Demis Hassabis will transition to Chairman of the division.
01:16
The Bank of Japan published a research paper empirically analyzing the linkages of firm spending behavior along supply chains in Japan's manufacturing sector. The findings indicate that capital investment is influenced by downstream investment activity, and regular wage-setting appears to be affected by wage rates set by focal firms within the same supply chains. Additionally, evidence of bonus linkages originating from temporary foreign demand shocks was found.
01:15
A Bank of Japan research paper found that Japan's manufacturing supply chains, especially in the auto sector, are exceptionally long and large-scale. Firms at the center of these chains exert a greater influence on individual suppliers' production activities. The study also revealed that supply constraints in products identified as potential bottlenecks can significantly dampen macroeconomic production, and holding inventory can serve as an effective measure to mitigate these impacts to a certain extent.
00:58
Dogecoin (DOGE) rose nearly 3% to 7 cents, and BNB increased by 2% to $614. Meanwhile, Bitcoin (BTC) was the only major token to fall on the day and week, dropping to around $63,700.
00:52
Lookonchain reported that Metaplanet transferred a total of 3,881 BTC, valued at $247.3 million, over the past three hours. The company previously acquired 43,000 BTC at an average price of $96,191, and is currently facing an unrealized loss of $1.4 billion, or 34%.
00:36
The bridge, connecting the XRP Ledger to the tx blockchain (formerly Coreum), was drained of approximately 200,000 XRP on August 9. The attacker exploited a vulnerability where the bridge's software incorrectly registered transactions as deposits without actual XRP being delivered to the reserve. This allowed the attacker to create unbacked bridged XRP on the tx chain, which was then used to withdraw real XRP from the bridge's reserve wallet. The bridge has since been halted, the vulnerability identified and fixed, and its operator, tx, has filed a complaint with the FBI's Internet Crime Complaint Center.
00:23
Reports indicate that in this attack, AI agents simultaneously conducted reconnaissance and intrusion, demonstrating a new phase in cyber warfare.
8/11
23:28
In his latest report, Deutsche Bank macro strategist Henry Allen points out that the current market is simultaneously betting on strong economic growth, limited interest rate hikes by the Federal Reserve, controllable energy supply shocks, and falling oil prices. This "Goldilocks" combination appears favorable for risk assets, but leaves almost no room for error regarding policy, inflation, and geopolitical situations. The report emphasizes that U.S. stocks are at record highs, reflecting economic resilience, yet the interest rate market is pricing in quite limited further rate hikes by the Federal Reserve; meanwhile, although Brent crude oil prices have fallen back to around $88/barrel, the Strait of Hormuz remains obstructed, and there is a disconnect between expected supply recovery and actual risks. Deutsche Bank warns that if strong growth pushes up inflationary pressures or energy supply disruptions persist, the existing pricing relationships could be broken.

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