BlockBeats reports that on August 12, the established high-performance public chain Harmony experienced another security incident. On-chain analysis shows that Harmony was suspected of suffering an empty block vulnerability attack, where the attacker unauthorizedly minted about 4 billion ONE tokens, accounting for approximately 26% of the current supply. About 2.8 billion ONE were subsequently transferred to trading platforms, causing obvious selling pressure in the market. As a result, the price of ONE was halved intraday. Harmony Protocol issued a statement saying the team is cooperating with relevant trading platforms to try to block and freeze the funds involved in this incident, while developing a fix and evaluating rollback options. Contrary to the impression of a "major accident," this incident only caused Harmony's market value to evaporate by 5 million USD — before the incident, Harmony's total market cap was only about 17 million USD (later dropping to 12.8 million USD, ranking 1004th in the crypto market). CoinGecko data shows that ONE once reached a historical high of about 0.379 USD in October 2021; using the market's common metrics at that time, Harmony's peak market cap was around 4 billion USD (ranking in the top 50 by market cap). Now, with a market cap of about 13.7 million USD, Harmony has shrunk about 99.7% from its peak, retaining only about 0.34% of its high point. Based on a compound annual rate over the past five years, its market cap has evaporated by about 70% per year; for secondary market investors, the experience is closer to enduring multiple rounds of 90% level crashes, with new discount layers possibly appearing after each low. This is not Harmony's first major security incident. In June 2022, Harmony's Horizon cross-chain bridge was hacked for about 100 million USD, which the US FBI later attributed to the North Korean hacker group Lazarus Group. That attack severely damaged trust in the Harmony ecosystem and became a key turning point for its long-term loss of TVL, users, and liquidity. According to DefiLlama data, as of the time of writing, Harmony's current total DeFi locked value is only about 171,000 USD, 24-hour on-chain fees are only 0.13 USD, DEX trading volume is just 694 USD, 24-hour active addresses number 244, stablecoin market cap is about 8.47 million USD, and ONE market cap is about 13.7 million USD. Information shows Harmony was founded around 2018 by a Silicon Valley engineering team led by Stephen Tse, focusing on sharding, low cost, fast confirmation, and EVM compatibility. The project completed about 18 million USD in early-stage financing, with investors including Lemniscap, Consensus Capital, BCA Fund, AU21 Capital, UniValues, etc.; in 2019, it completed a 5 million USD IEO through Binance Launchpad, becoming one of the star projects in the "high-performance public chain" narrative at that time.

BlockBeats news, on August 12, according to Arkham monitoring, Bitwise has been continuously buying Hyperliquid (HYPE) recently and has not sold any HYPE tokens since last month. Since August this year, Bitwise has only conducted HYPE purchase operations. Data shows that Bitwise's HYPE ETF clients have cumulatively bought over $5 million worth of HYPE in the past week. Bitwise has previously launched investment products targeting Hyperliquid (HYPE), providing institutional investors with HYPE exposure.

BlockBeats news, on August 12, the South Korean government plans to independently develop a 100-qubit quantum computer by 2029, striving to become a leader in the quantum chip manufacturing field by 2035. (Jin10)

BlockBeats news, on August 12, according to GMGN monitoring, the Robinhood Chain ecosystem Meme coin HMM (Thinking Cat) continues to rise, with its market value reaching a historical high of about $20.68 million; currently reported at about $19.11 million, a 24-hour increase of about 167%, with a trading volume of about $2.3 million during the same period. It is reported that this Meme coin mainly revolves around the Wirebot initial release/demonstration Meme combined with the PONS leading ecosystem narrative. When Wirebot previously opened the function to directly issue coins and trade through X posts, it used Thinking Cat (HMM) as a public demonstration case, which earned it the early native Meme label on Robinhood Chain; recently, it may have risen due to the warming popularity of PONS and Robinhood Chain and its launch on a certain trading platform alpha. BlockBeats note: Meme coin trading is highly volatile, mostly relying on market sentiment and concept speculation, with no actual value or use case, investors need to be aware of the risks.

BlockBeats news, on August 12, according to the Financial Times of the UK, Fed's Collins stated that due to the Iran war exacerbating the cost of living pressures, the poor population in the US is struggling to make ends meet. She warned that the Fed might need to raise interest rates to curb inflation. Collins said that businesses and households in the US Northeast are being squeezed by inflation, which has exceeded the central bank's 2% target for more than five years. She pointed out: "Almost every time I talk (with businesses), I hear issues related to prices." She added: "Among low- and middle-income households, I increasingly hear about the challenges they face... such as difficulty making ends meet. Energy prices are indeed unbearable, especially in our region." Collins currently does not have voting rights in the FOMC. She supported keeping interest rates unchanged in July and believes the current rate level is "slightly restrictive," and "this will cause expected inflation to gradually continue to decline." However, she stated that if economic data indicate a need for a rate hike, she is willing to support raising rates as early as September. She said: "I do believe that the economic conditions in the coming months may require tighter policy, in which case, I am prepared to raise interest rates."

BlockBeats news, on August 12, according to Lookonchain monitoring, Japanese listed company Metaplanet Inc. transferred a total of 3,881 bitcoins in the past 3 hours, valued at approximately 247.3 million USD. Data shows that Metaplanet currently holds about 43,000 BTC in total, with an average purchase cost of 96,191 USD per bitcoin. Calculated at the current price, its bitcoin holdings have an unrealized loss of about 1.4 billion USD, with a loss rate of approximately 34%.

BlockBeats news, on August 12, according to Farside Investors data, on August 11, the total net inflow of Bitcoin spot ETFs was $7.8 million. Among them, BlackRock IBIT had a net inflow of $50.2 million, Fidelity FBTC had an outflow of $4.1 million, ARKB had an outflow of $11.5 million, EZBC had an outflow of $16.5 million, HODL had an outflow of $10.3 million, and the remaining ETF fund flows were small or zero. For Ethereum spot ETFs, on August 11, the total net outflow was $1.7 million. Among them, BlackRock ETHA had a net inflow of $600,000, Franklin FETH had an outflow of $2.3 million, and the remaining Ethereum ETF fund flows were all zero.

BlockBeats news, on August 12, Harmony Protocol announced that the team is cooperating with relevant trading platforms to try to block and freeze the funds involved in this incident, while developing a fix and evaluating rollback options. Previously, on-chain data analysis showed that Harmony was suspected of being attacked. The attacker exploited the empty blocks vulnerability to unauthorizedly mint about 4 billion ONE, accounting for about 26% of the current supply. About 2.8 billion ONE were then transferred to trading platforms, triggering market sell-off pressure and causing a sharp drop in ONE's price. According to analysis, the attacker exploited a vulnerability in the supply verification mechanism, causing the totalSupply interface to fail to timely reflect the actual newly minted token amount, concealing the inflation impact. Harmony stated it will update the incident progress once more information is obtained. The incident is still under investigation.

The leader of the Robinhood chain has always been undisputedly $CASHCAT. But if we talk about the most dramatic price movement, that title is still up for grabs. $STONKBROKER, in just 14 days, has formed a price pattern resembling a "Pixiu". Just yesterday, this token briefly surpassed a $100 million market cap, hitting a new all-time high. Since BlockBeats first mentioned this project in an article, it has increased ninefold. Its NFT series once had a floor price exceeding 13 ETH (about $25,000), and it still holds at 12.93 ETH. In terms of individual NFT prices, this series has surpassed BAYC, and its total market cap has also exceeded $100 million, surpassing established blue-chip NFTs like Pudgy Penguins and Milady. Due to its strong market cap and price performance, many players have already regarded StonkBroker as the second leader on the Robinhood chain. However, I believe the underlying logic supporting it may not be that solid. The token flywheel is very successful, but can it be considered real business revenue? According to defillama data, in the past 7 days, StonkBroker's revenue ranks third, just behind Uniswap and Pons, and on some days, StonkBroker's revenue even surpasses Pons. But if we look closely at StonkBroker's revenue composition, we find that the income is entirely concentrated in "NFT AMM trading fees" and "Broker activation fees." The "NFT AMM trading fees" come from 666,666 $STONKBROKER tokens per NFT. StonkBroker provides an NFT AMM for token swaps, charging a 10% ETH fee on each swap. Of this, 7% is used to buy tokenized US stocks on the Robinhood chain and airdrop them to activated StonkBroker NFTs, 2.5% goes to the protocol treasury, and 0.5% is used for buyback and burn. This income largely comes from arbitrage opportunities between tokens, where arbitrageurs provide income to NFT holders and the project. Especially since the project launched, the tokens have been in a one-way upward trend, attracting much attention. The better the price rises, the higher the attention, the more arbitrageurs come, and the more arbitrage space there is—this is the logic behind the income flywheel. The "Broker activation fees" come from new NFT buyers. To receive the aforementioned tokenized US stock airdrops, you need to "activate" the NFT by spending STONKBROKER tokens to qualify for dividends. The minimum spend is 66,666 tokens, and the maximum is 1,666,666; the more you spend, the higher the dividend coefficient. 50% of the activation fee is burned, and the other 50% goes to the protocol. After activation, you can select up to 3 types of tokenized US stocks as corresponding airdrop rewards, and you can choose the amount ratio for each token, or simply select ETH and $STONKBROKER as rewards. However, if the NFT is transferred on the secondary market, the new owner must reactivate the NFT. According to official data, so far, StonkBroker NFT holders have received airdrop distributions worth over $620,000. But as token prices have risen to high levels, the daily number of newly activated NFTs has become very low: Technically, this gameplay is innovative—for example, the NFTs use ERC-6551, each NFT is bound to a wallet, and airdrops go directly to the wallet. But in practice, although StonkBroker plans many features like NFT lending, Launchpad, stock lottery blind boxes, etc., its current revenue almost entirely comes from this token flywheel. This gameplay is certainly familiar to NFT players; essentially, it’s a kind of staking with dual token appreciation that amazes everyone. Compared to other Robinhood chain Launchpads or projects—especially since Pons’ token price rose due to winning Robinhood chain Launchpad share, with speculation based on market share and revenue—this project so far has nothing else, and the Launchpad hasn’t officially launched to generate revenue. But its price has risen, which in turn draws attention to what new projects might launch on it. If new projects perform well, they will push the main asset. Plus, with the NFT layer, memories of the "golden shovel" gameplay—where various sub-projects airdrop huge profits to the main asset—are easily rekindled. It might be too early to conclude it’s the second leader. After analyzing StonkBroker’s revenue composition carefully, I’m not saying it’s just a pure token Ponzi shell. On the contrary, if it has risen so much just on the token layer and the untapped story is believable, it at least shows two things: - The people behind it are quite capable - Regardless of future development, the community stickiness is decent for now But it might be premature to call it the second leader. Their Launchpad is about to launch a meme coin $CLOCKIN organized by community members. Since "Clock in" is the official term for NFT holders to claim airdrop rewards, this token has attracted much attention. On X, there are even scams claiming that joining paid insider Telegram groups grants early access to the contract address. It should be emphasized that projects like Mancer and Yard are already listed under Launchpad’s Special Projects, but these don’t mean StonkBroker’s platform is officially open. These projects actually launched through the NFT AMM that StonkBroker had been operating before, which can be understood as a multi-chain token launchpad. A common method is buying tokens to exchange for NFTs as an initial NFT sale. For example, Yard put all NFTs into the pool with no whitelist; if you want NFTs, you buy tokens on the market to exchange. But the official StonkBroker platform still describes a bonding curve token launchpad we are familiar with, which is not yet open. Nevertheless, projects like Mancer and Yard have already benefited from the strong performance of StonkBroker’s main asset, gaining more attention and market favor. But the height of $CLOCKIN will have a greater impact on the main asset’s future performance, for better or worse, still unknown. As the project’s planned features gradually roll out, it will ultimately come down to its wealth creation ability for market players or competition for market share. If expectations are not met, asset performance will suffer. Of course, most importantly, the intentions of the funds behind it are unknown. Regarding finding the second leader on the Robinhood chain, I have two views: - $CASHCAT, as the first native ecosystem asset launched on Robinhood, how high can it really go? If $CASHCAT can’t even reach the heights $WIF achieved on Solana, then rather than looking for a second leader, it’s more like betting on a conspiracy. - If you are still optimistic about StonkBroker, it’s better to wait and observe after the derivative tokens come out. All the best "golden shovel" plays eventually decline as they keep splitting downward. When we clearly know that new wealth-creating small caps must be found to support the main asset, we must cautiously consider risks and rewards.

BlockBeats news, on August 12, according to Bloomberg, the prediction market platform Polymarket experienced a trading boom during the 2026 World Cup, with prediction bets around match scores, celebrity viewership, and player-related events bringing a large volume of trades to the platform. However, as the World Cup ended, market enthusiasm quickly cooled, and Polymarket is facing a "recession period." Polymarket and Kalshi, two major prediction market platforms, reached record trading volumes during the World Cup, but by the end of July, the combined weekly trading volume of Polymarket's international and US platforms had dropped 56% from the June historical peak. In contrast, Kalshi's decline during the same period was about 25%. Bloomberg pointed out that Polymarket previously engaged in fierce competition with Kalshi in the prediction market field, but with the lack of major sports events or political events driving user demand, the downward trend in Polymarket's trading activity is intensifying.