Odaily News The U.S. Department of Justice announced that Kwanghee Anh, a 46-year-old Dallas resident, was sentenced to 58 months in federal prison for her role in a multi-year bank loan fraud scheme and was ordered to pay approximately $8.34 million in restitution to the affected financial institutions.

Anh pleaded guilty on March 17 this year to one count of conspiracy to commit bank fraud. Prosecutors stated that between January 2014 and March 2016, Anh and her accomplices, while working at Preferred Marketing Group, fabricated numerous financial documents, including fake IRS W-2 forms, pay stubs, and employment records, to inflate clients' incomes, fabricate employment statuses, and help clients submit loan applications containing false information to lending institutions.

The investigation revealed that the fraud ring caused multiple lenders, including federally insured financial institutions, to issue at least $10 million in fraudulent loans and credit products, resulting in losses exceeding $8.3 million to the financial institutions.

Odaily News: According to MSX.COM data, Nvidia's stock price fell 1.05%, with a total market capitalization of $5.10 trillion. Nvidia will release its Q2 fiscal 2027 earnings in the early hours of August 27, Beijing time.

Odaily News: Zhipu AI officially announced the launch and open-sourcing of GLM-5.3-Flash, the first native multimodal model in the GLM-5 series.

It is reported that the overall performance of GLM-5.3-Flash surpasses GLM-5.2, and its coding and Agent evaluations are approaching those of Claude Opus 4.8, yet its price is only one-tenth of that of GLM-5.2. It also features a new foundational model architecture, marking the first time the GLM main series has introduced a hybrid architecture combining sparse attention and linear attention, pre-trained on 30T tokens of multimodal data.

According to Odaily, an investigation into the security vulnerability exploit of the Cosmos EVM module reveals that the primary attacker (0x9AE7) purchased $250,000 worth of NES and bridged it to Nesa Chain, exploiting a balance vulnerability to inflate holdings to 200 times their original size, then bridged approximately $50 million worth of NES back to Ethereum. The attacker's initial funding for the wallet originated from Monero. Through multiple wallets, the attacker exchanged NES for ETH on DEXs and deposited the proceeds into centralized exchanges. Due to rapid liquidity withdrawal, most exchanges suffered extreme slippage, and the attacker ultimately sold for only $315,000, netting a profit of approximately $60,000 after deducting costs.

Odaily News: Solana digital asset treasury company DeFi Development Corp. (Nasdaq: DFDV) has launched "State of Solana," a public real-time data and research platform designed to track Solana network market performance, staking, validators, yields, and ecosystem metrics.

DeFi Development stated that the platform aims to provide investors, developers, and ecosystem participants with real-time data on Solana network health, including on-chain activity, validator status, staking scale, and yield opportunities, helping the market gain a more intuitive understanding of Solana ecosystem development trends. (The Block)

Odaily News The development team behind the decentralized lending protocol Aave, Aave Labs, has announced that the Aave mobile app (Aave App) opened early access on August 26, introducing a "Ghost Pass" invitation mechanism that allows select users to invite friends to skip the waitlist and gain access directly. Aave stated that users who receive a Ghost Pass can view their available invitation count on the Aave App's activity page and send invitations to friends through an in-app process. Eligible users will also be notified via email or push notifications.

Odaily reported that the Pump.fun app now supports HyperEVM. Users can directly trade any HyperEVM token with USDC, earn Callout rewards, and complete transactions with near-zero fees.

Odaily报道，据Lookonchain监测，今日美国比特币ETF净流入4,038枚BTC，以太坊ETF净流入75,150枚ETH。

Odaily News, Bloomberg ETF analyst Eric Balchunas stated that gold ETFs and Bitcoin ETFs combined recorded over $7 billion in inflows over the past week, setting a new all-time high for a five-trading-day period, indicating that investors are refocusing on the "debasement trade."

Balchunas noted that as market attention shifts from the artificial intelligence (AI) theme toward safe-haven assets and inflation-resistant assets, the gold ETF SPDR Gold Shares (GLD) and the Bitcoin ETF iShares Bitcoin Trust (IBIT) have emerged as the primary inflow products, with both ranking among the top ten ETFs by inflows over the past week.

Among them, BlackRock's spot Bitcoin ETF IBIT has also seen a notable improvement in its year-to-date flow performance. Balchunas said that IBIT's cumulative inflows so far this year have turned positive, fully filling the gap left by earlier outflows.

Odaily News: Google Cloud has launched new tools to help enterprises reduce and control AI usage costs. Gemini Enterprise will introduce a pay-as-you-go model, allowing businesses to avoid fixed subscription fees and set monthly spending caps—once the budget is exhausted, AI agents will pause invocation. Customers who commit to long-term usage can receive 10% to 20% discounts, and tasks scheduled during off-peak hours may qualify for discounts of up to 50%.

Google (GOOG.O) stated that this move is aimed at enabling enterprises to trial AI at a lower cost and expand the enterprise AI market. Meanwhile, Google continues to advance frontier AI model R&D, competing with OpenAI and Anthropic. (Jin Shi)

Odaily News: Trump has not yet determined a successor for White House Press Secretary Karoline Leavitt. Leavitt's last working day is this Friday. (CBS News)

Odaily News: U.S. President Trump has been trying to expand his influence over monetary policy by removing Federal Reserve officials and making room for his own appointees. So far, his efforts have been constrained by both the courts and political resistance in the Senate. However, this contest is far from over, and there could still be up to four windows that may reshape the Fed's personnel landscape:

1. The Cook dismissal case: Trump has not given up;

2. Powell staying put: 2028 is the definitive window;

3. Jefferson's fate: a potential ripple effect;

4. The Atlanta Fed president candidate: could become a breakthrough point.

Although Trump has not been able to quickly overhaul the Federal Reserve, the Cook dismissal case, Powell's term, Jefferson's fate, and the Atlanta Fed president appointment still leave four potential leverage points for him to expand his influence. The real key is not just "who gets into the Fed," but how these personnel changes will ultimately alter the voting structure of the rate-setting committee.

Odaily News: MiniMax's revenue structure is undergoing rapid changes. Based on the latest ARR (Annual Recurring Revenue) structure, the To B business share has reached approximately 80%, while the To C business share accounts for about 20%. Compared with the same period last year, when the To B share was roughly 30% and To C was about 70%, the pace of model adoption by enterprises and developers is clearly accelerating.

MiniMax stated that with the continued upgrades to the M2 series and the successive launches of M3 and H3, model intelligence and inference throughput have improved in tandem, and the demand for model calls from enterprises and developers is becoming a new revenue driver for MiniMax. (Jin Shi)

Odaily News, according to a 21Shares report, Solana is advancing two governance proposals, SIMD-550 and SIMD-553, which could significantly reshape the economic model for SOL holders over the next two years.

SIMD-550 proposes increasing Solana's annual inflation decay rate from 15% to 30%, allowing it to reach the terminal inflation rate of 1.5% more quickly, with nominal staking yields expected to drop to approximately 2.25% within three years. SIMD-553, which was approved and merged on July 20, will introduce a burn fee for compute unit requests, increasing daily SOL burn volume from roughly 600–800 tokens to approximately 7,500–9,000 tokens.

The report suggests that while declining staking income will directly impact validator and staker earnings, lower issuance combined with higher burn rates could improve SOL's long-term supply-demand structure, potentially driving some capital toward Solana's on-chain DeFi ecosystem.

Odaily reported that MINIMAX-W (00100.HK) disclosed the R&D directions for MiniMax M3.1 and MiniMax M3Pro during its interim results conference call on the evening of August 26. The parameter scale of M3Pro is expected to increase to approximately 3T, with further expansion in reinforcement learning and long-horizon task training to enhance the model's generalization capability and intelligence ceiling. MiniMax founder and CEO Yan Junjie stated that the next phase will continue to advance the coordinated improvement of model intelligence, inference efficiency, and infrastructure capabilities, accelerating the R&D and release cycle of the M-series and H-series models. (Jin Shi)

Odaily News: According to Gate data, Brent crude oil erased its intraday decline and broke above $86 per barrel, up 0.17% on the day. WTI crude oil is now up 0.08%, trading at $80.78 per barrel.