Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, said that the current AI foam existed in the debt of building data centers and the stock valuation of loss making super cloud computing companies and cutting-edge AI laboratories, rather than the AI technology and applications themselves. Arthur Hayes believes in a proxy economy driven by AI agents and believes that the excess computing power in data centers will drive the development of Flop Labs, the AI+encryption project he supports.

According to Bitcoin Magazine, progress has been made in the investigation of the Coldcard hardware wallet theft incident in July 2026. In the first wave of attacks, about 1082.65 BTCs (about $118 million) were still stored in the attacker's address. The investigation found that the attacker used the payment account of a blockchain data service provider. The internal log was highly consistent with the stolen currency model, and the relevant clues had been handed over to the law enforcement department. Galaxy Research analyst Alex Thorn stated that the identities of the first wave of attackers may have been obtained by law enforcement agencies. In the following waves of attacks, a total of about 2000 BTC were stolen, with the second wave of about 76 BTC operating in a similar pattern to the first wave, possibly by the same perpetrator.

According to TradingBeats monitoring, the address starting with 0x76 is long on Yushu Technology with 1 times leverage, with a total position of 3.06 million US dollars, becoming the second largest long on Yushu Technology on Trade.xyz, with an entry price of 135 US dollars and a temporary loss of 84000 US dollars.

[Morgan Stanley Says Internet Sector Valuation Discounted, AI Capital Expenditure ROI Debate Unresolved] Morgan Stanley's August 18 Internet Weekly Report noted that the internet sector fell 1% last week, with Amazon and Google dropping 4% and 2%, respectively. The valuations of Amazon, Google, and Meta are discounted by 7% to 14% compared to their five-year averages. The overall internet sector's NTM EV/EBITDA is discounted by 7% compared to the five-year average, but NTM EV/Sales carries a 19% premium. If stock-based compensation is treated as a cash expense, the median EV/EBITDA for the digital media, e-commerce, and travel sectors would increase by approximately 36%, 30%, and 44%, respectively. Morgan Stanley believes that the debate over AI ROIC is the core focus of the market. With current low valuations, a consensus on buying has yet to form, and the internet sector is likely to remain range-bound.

[KakaoBank and Coinone Renew Real-Name Deposit Account Contract, Extending Cooperation by One Year] According to Yonhap News Agency, KakaoBank and Coinone have announced the extension of their real-name deposit and withdrawal account service contract by one year, with the contract period now extended until August next year. After completing on-site inspections and evaluating the adequacy of the anti-money laundering (AML) system, the two parties decided to renew the agreement. Coinone has already completed the change notification acceptance process with the Financial Intelligence Unit (FIU). Since the two companies first established their real-name account partnership in August 2022, this marks the fourth consecutive year of ongoing collaboration.