Author: TechFlow TechFlow
Yesterday's Market Dynamics
Spot gold fell below $4,370 per ounce, a new low since early January, down 2.86% on the day.
According to Bitget data, spot gold fell below $4,370 per ounce, a new low since the beginning of January, down 2.86% on the day.
The South Korean KOSPI index fell, triggering a circuit breaker.
The Korea Exchange triggered the KOSPI index circuit breaker mechanism after the KOSPI 200 futures fell by 5%, suspending algorithmic trading for 5 minutes.
Resolv Labs: Confirmed to have suffered a vulnerability attack; attackers mined 50 million USR; protocol has suspended all functions.
According to an official announcement, the stablecoin protocol Resolv has been confirmed to have suffered an attack, with attackers exploiting a vulnerability to mint 50 million uncollateralized USR stablecoins. Following the incident, the Resolv team has immediately suspended all functionality of the protocol to prevent further malicious operations and stated that they are actively working on recovery.
The SIREN token holders have amassed 484.6 million tokens, representing 66.5% of the total supply, with a market value of $1.04 billion.
According to on-chain analyst EmberCN, the SIREN controllers have consolidated tokens scattered across hundreds of wallets into 48 wallets in the past few hours, involving approximately 484.6 million tokens, accounting for 66.5% of the total supply, with a current value of approximately $1.04 billion.
On-chain data shows that the aforementioned tokens were accumulated through hundreds of wallets at an average price of approximately $0.045 at the end of June 2025, totaling approximately $21.8 million. SIREN has risen from $0.08 to $2.1 in the past month and a half, an increase of approximately 26 times; the aforementioned holdings have realized a floating profit of approximately 47 times.
GMX governance proposal approved; CEO openly recruited; base salary plus token incentives total up to approximately $700,000 annually.
GMX Labs has released a proposal to upgrade its leadership structure, which has been approved by the DAO governance vote with 96.42% of the votes in favor. The proposal states that as the team grows and competition in the sustainable DEX sector intensifies, GMX Labs' early flat, founder-driven organizational structure is no longer sustainable and a transformation to a clearer, more accountable traditional leadership structure is necessary.
The proposal announces that a CEO will be recruited through an open process, with candidates spanning the DeFi, CeFi, traditional finance, and technology industries. The goal is to complete recruitment and onboarding by April 2026, and to finalize the organizational restructuring and submit a performance-aligned new contributor token allocation plan to the DAO by June. The CEO's responsibilities include defining GMX Labs' strategic direction, building a functional leadership team, strengthening partnerships, and representing GMX Labs in industry events.
Regarding compensation, the CEO's base salary is $150,000 to $200,000 annually, paid in stablecoins. Performance incentives are denominated in GMX tokens and directly linked to protocol fee growth, with the current annualized protocol fee benchmark being approximately $60 million. A 50% increase in fees will earn partial rewards, a 100% increase to approximately $120 million will earn the full base reward pool of 40,000 GMX, and a 125% increase to approximately $135 million will earn an additional 10,000 GMX as a special reward. The earned GMX tokens will also be adjusted based on the 30-day average GMX price by 0.5 to 1.5 times, with an annual token compensation cap of 75,000 GMX. 25% of the performance rewards will be unlocked immediately upon achieving the target, and the remaining 75% will vest linearly over 24 months. Early departure will result in forfeiture of the unvested portion.
During the transition period, a temporary leadership committee consisting of four members—X, Coin, B, and Kal—will be responsible for maintaining operations, advancing the existing roadmap, and leading the CEO search.
Hyperliquid Strategies earnings report: HYPE holdings increased to 17.6 million contracts, with a net loss of $317.9 million in the past six months.
Hyperliquid Strategies Inc. (NASDAQ: PURR) released its financial results for the year ended December 31, 2025. As of the end of the reporting period, the company had total assets of $616.7 million, including $281.9 million in cash, approximately 12.86 million HYPE tokens (valued at approximately $327.6 million at the year-end price of $25.48), and shareholders' equity of $589.8 million. There were no liabilities. The company reported a net loss of $317.9 million for the six months ended December 31, primarily due to $262.4 million in unrealized losses on HYPE tokens, a one-time write-off of $35.6 million in R&D assets, and an increase in deferred taxes of $17.8 million. Following its listing on December 2, 2025, the company generated $900,000 in interest income and $500,000 in staking revenue.
As of February 3, 2026, the company had increased its HYPE holdings to 17.6 million shares, with a cumulative deployment of US$129.5 million to purchase approximately 5 million new HYPE shares. It also used US$10.5 million to repurchase approximately 3 million PURR shares, leaving approximately US$125 million in available funds and holding a US$1 billion equity credit facility (ELOC).
CEO David Schamis stated that while the unrealized market capitalization loss reflects the overall volatility of the digital asset market, the company's healthy balance sheet, staking yields, disciplined capital deployment, and synergy with Hyperliquid's deflationary mechanism will create long-term value for shareholders.
The Pentagon has designated the Palantir AI system Maven as a core military project.
According to an exclusive Reuters report, U.S. Deputy Secretary of Defense Steve Feinberg sent a letter to senior Pentagon leaders and U.S. military commanders on March 9, announcing that Palantir's Maven artificial intelligence system would be officially added to the "program of record." This decision is expected to take effect before the end of the current fiscal year (September). This move signifies that Maven will be widely deployed across all branches of the U.S. military and will receive stable, long-term funding.
Maven is a command and control software platform that analyzes battlefield data and automatically identifies potential threats and targets. It is currently the primary AI operating system for the U.S. military and has been used in thousands of precision strikes against Iran over the past three weeks. In his letter, Feinberg stated that deeply integrating AI into joint forces and establishing an "AI-driven decision-making mechanism" is a top priority. The memo also requires the transfer of oversight of Maven from the National Geospatial-Intelligence Agency to the Pentagon's Chief Digital Artificial Intelligence Office within 30 days, and that future contracts with Palantir will be handled by the Army.
This formal inclusion is a major victory for Palantir. The company's stock price has doubled in the past year, bringing its market capitalization close to $360 billion, and it had previously signed a contract with the U.S. Army worth up to $10 billion. It's worth noting that the Maven system uses the Claude AI tool developed by Anthropic, and the Pentagon recently listed Anthropic as a supply chain risk, potentially impacting the deep integration of Maven.
Musk confirmed that xAI will soon launch a computer-controlled intelligent agent called "Grok Computer".
X platform users discovered a feature switch named `enable_grok_computer` in the Grok web application's source code, suggesting that xAI is preparing to launch a computer-controlled intelligent agent, essentially a "trial version" of the previously announced Macrohard project. Elon Musk confirmed this in a retweet post, stating "Coming out soon." Macrohard is an AI automation system jointly developed by Tesla and xAI, using Grok as its high-level inference engine, coupled with an AI agent to process screen input and keyboard/mouse actions in real time. Previous reports indicated that data collection for the project was suspended last month.
Boyaa Interactive plans to spend no more than $70 million to acquire cryptocurrency, further strengthening its Web3 business.
Boyaa Interactive (00434), a Hong Kong-listed company, announced that its board of directors recommends seeking shareholder approval for a purchase authorization to use idle cash reserves from the company's business operations for potential cryptocurrency purchases within the next 12 months, with a total amount not exceeding US$70 million. This move aims to capitalize on the current downturn in the cryptocurrency market, appropriately expand the company's cryptocurrency holdings, and further support the development of its Web3 business.
As of the date of this announcement, the company held a total of 4,092 Bitcoins, with an average price of approximately US$68,200; 302 Ethereums, with an average price of approximately US$1,661; and approximately 7,000,700 Tethers. The Board plans to conduct these cryptocurrency purchases on regulated trading platforms to ensure market liquidity and security.
Michael Saylor has released more information on BTC Tracker, and BTC accumulation data may be disclosed next week.
Michael Saylor, founder of the Bitcoin treasury firm Strategy, once again posted information related to Bitcoin Trackers, with the caption: "The Orange March Continues." Based on past patterns, Strategy always discloses information about increasing its Bitcoin holdings the day after such news is released.
This week, tokens such as H, JUP, and XPL will see a large-scale token unlock.
According to Token Unlocks data, H, JUP, XPL and other tokens will see large-scale token unlocks this week.
- H will unlock 105.36 million tokens on March 25, worth approximately $9.68 million, representing 4.19% of the circulating supply.
- JUP will unlock 53.47 million tokens on March 28, worth approximately $8.15 million, representing 1.55% of the circulating supply.
- XPL will unlock 88.89 million tokens on March 25, worth approximately $8.11 million, representing 3.98% of the circulating supply.
- PARTI will unlock 89.3 million tokens on March 25, worth approximately $7.81 million, representing 19.86% of the circulating supply.
- SOSO will unlock 13.33 million tokens on March 24, worth approximately $5.36 million, representing 4.55% of the circulating supply.
- NIL will unlock 114.48 million tokens on March 24, worth approximately $5.14 million, representing 36.40% of the circulating supply.
- BIGTIME will unlock 333.33 million tokens on March 29, worth approximately $4.21 million, representing 16.00% of the circulating supply.
- SAHARA will unlock 132.93 million tokens on March 26, worth approximately $3.65 million, representing 4.42% of the circulating supply.
- MON will unlock 170.21 million tokens on March 24, worth approximately $3.51 million, representing 0.34% of the circulating supply.
- SOON will unlock 21.88 million tokens on March 23, worth approximately $2.69 million, representing 5.06% of the circulating supply.
- UDS will unlock 1.19 million tokens on March 27, worth approximately $1.79 million, representing 0.74% of the circulating supply.
- ALT will unlock 240.1 million tokens on March 25, worth approximately $1.64 million, representing 4.23% of the circulating supply.
- VENOM will unlock 74.26 million tokens on March 25, worth approximately $1.62 million, representing 2.52% of the circulating supply.
- MET will unlock 7.33 million tokens on March 23, worth approximately $1.04 million, representing 1.44% of the circulating supply.
Market Dynamics
Recommended reading
A hairdryer uncovered the world's largest Nvidia chip smuggling case.
This article details the case of Wally Liaw, co-founder of Supermicro, one of the world's largest AI server manufacturers, who was arrested for allegedly smuggling $2.5 billion worth of Nvidia AI chip servers into China through shell companies in Southeast Asia. The article reveals how the entire smuggling chain operates, and the three generations of chip smuggling evolution from piecemeal operations to professionalized practices. It also explores the driving factors behind chip smuggling and the contradictions between chip smuggling and the US government's export control policies.
The first batch of AI agents have already started to disobey.
This article explores the applications of artificial intelligence (AI) technology in various fields and the potential risks and challenges it may bring, especially the boundary issues regarding AI's autonomous decision-making. Through several real-world case studies, the article demonstrates the unexpected situations that AI may cause in the digital and physical worlds, and raises profound reflections on the attribution of responsibility and the boundaries of AI behavior.
This article analyzes the current state and future trends of the crypto market, exploring the potential and risks of Bitcoin and other cryptocurrencies, particularly the impact of macroeconomic, geopolitical, and regulatory factors. It also mentions investment opportunities in the Hyperliquid protocol and its advantage of low correlation.
People have their uses: Agentic Wallet and the next decade of wallets
This article explores the concept of Agentic Wallets and their development potential over the next decade, analyzes the limitations of current wallet technology, and proposes a design philosophy and architecture for realizing bounded autonomous Agentic Wallets. The article also identifies four major gaps in existing solutions and looks ahead to the future development direction of Agentic Wallets and their changing role in control mechanisms.
This article introduces 18 new projects from Alliance's latest ALL16 Demo Day, a leading incubator in the crypto industry. These projects cover multiple areas, including stablecoin payments, prediction markets, artificial intelligence applications, and RWA tokenization. The article details the background, founding team, and innovative aspects of each project. It also mentions some market dynamics and news related to cryptocurrency and AI.
