On July 5, blockchain security company Hexens disclosed that it discovered a serious vulnerability in the Aptos blockchain's Move Virtual Machine (Move VM) in February of this year. The issue was reported and fixed within hours, preventing any financial loss. Hexens stated that the vulnerability stemmed from a caching processing flaw, which could lead to a type confusion vulnerability, theoretically allowing attackers to gain high-privilege roles such as minting stablecoins, accessing cross-chain bridges, and interacting with DeFi protocols. The research team set up a near-mainnet simulation environment using approximately $3,000 worth of servers and tested the exploit path about 20 times, successfully exploiting it approximately 17 to 18 times. They assessed that the vulnerability could potentially impact around $250 million of Aptos's native Total Value Locked (TVL). If it further affected cross-chain bridges, stablecoins, and centralized exchanges, the theoretical systemic risk exposure could reach approximately $70 billion. Aptos stated that the exploitability of the vulnerability in a real environment is extremely low and confirmed that it was promptly fixed through a bug bounty program, with no impact on any users or funds.
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Hexens Reveals Aptos Has Fixed Vulnerability Affecting Cross-Chain Bridges and Stablecoin Infrastructure
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Reuters: Yangtze Memory Technologies IPO Expected to Raise 33 Billion Yuan
On August 24, Reuters reported that Yangtze Memory Technologies Co., Ltd. (YMTC), China's largest flash memory chip manufacturer, has had its IPO application accepted by the Shanghai Stock Exchange's Sci-Tech Innovation Board. The market anticipates that the company will go public next year. This IPO is expected to raise 33 billion yuan (approximately 4.9 billion USD). CCSH plans to issue between 1.98 billion and 2.43 billion new shares. According to the prospectus, the company's revenue for the first quarter of 2026 (January to March) is projected to reach 47 billion yuan, nearly five times year-on-year growth; net profit is expected to be 33.38 billion yuan, more than double the net profit of 14.21 billion yuan for the entire year of 2025. Meanwhile, YMTC's factories are currently operating at near full capacity and are continuing to expand sales in the tightening NAND flash memory market. The average selling price of NAND flash memory in the first quarter of 2026 is expected to reach 2.73 times the average level of 2025, with gross margin rising significantly from 35.3% in 2025 to 76.8%. CCSH plans to allocate 20.8 billion yuan of the funds raised from this listing to expand production lines, and another 12.2 billion yuan for research and development of next-generation NAND flash memory and high-speed storage products. -
Reuters: Yangtze Memory Technologies Corporation's IPO Expected to Raise 33 Billion Yuan
On August 24, Reuters reported that Yangtze Memory Technologies Corporation (YMTC), China's largest flash memory chip manufacturer, has had its IPO application accepted by the Shanghai Stock Exchange's Sci-Tech Innovation Board. The market anticipates that the company will go public next year. This IPO is expected to raise 33 billion yuan (approximately 4.9 billion USD). CCSH plans to issue between 1.98 billion and 2.43 billion new shares. According to the prospectus, the company's revenue for the first quarter of 2026 (January to March) is projected to reach 47 billion yuan, nearly five times year-on-year growth; net profit is expected to be 33.38 billion yuan, more than double the net profit of 14.21 billion yuan for the entire year of 2025. Meanwhile, YMTC's factories are currently operating at near full capacity and are continuing to expand sales in the tightening NAND flash memory market. The average selling price of NAND flash memory in the first quarter of 2026 is expected to reach 2.73 times the average level of 2025, with gross profit margins rising significantly from 35.3% in 2025 to 76.8%. CCSH plans to allocate 20.8 billion yuan of the funds raised from this listing to expand production lines, and another 12.2 billion yuan for research and development of the next generation of NAND flash memory and high-speed storage products. -
BTC Falls Below $77,000
Market data shows that BTC has fallen below $77,000, currently priced at $76,992.31, with a 24-hour increase of 1%. The market is experiencing significant fluctuations, so please ensure proper risk management. -
BTC Drops Below $77,000
Market data shows that BTC has fallen below $77,000, currently priced at $76,992.31, with a 24-hour increase of 1%. The market is experiencing significant volatility, so please ensure proper risk management. -
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BTC Falls Below $77,000
Market data shows that BTC has fallen below $77,000, currently priced at $76,996.84, with a 24-hour decline of 0.28%. The market is experiencing significant volatility, so please ensure proper risk management. -
BTC Falls Below $77,000
Market data shows that BTC has fallen below $77,000, currently priced at $76,996.84, with a 24-hour decline of 0.28%. The market is experiencing significant volatility, so please ensure proper risk management. -
ITI Opposes FCC's Inclusion of Optical Modules in Covered List
According to the authoritative U.S. communications media Communications Daily, the Information Technology Industry Council (ITI) formally expressed its opposition to the Federal Communications Commission (FCC) last week, urging the FCC not to include foreign-manufactured optical modules in the restricted list. This represents the latest stance of the U.S. technology industry organization on this issue, further reducing the likelihood of a blanket inclusion of optical modules in the Covered List. In its latest submission to the FCC, ITI explicitly recommended that the Covered List should continue to adopt a 'precise, risk-based' approach, focusing on entities or products with clear ties to foreign adversaries, rather than broadly covering entire categories of technology from trusted companies. More importantly, ITI specifically stated that optical transceivers should not be included in the Covered List, particularly opposing the inclusion of all foreign-produced optical modules in the restrictions. -
ITI Opposes FCC's Inclusion of Optical Modules in Covered List
According to the authoritative U.S. communications media Communications Daily, the Information Technology Industry Council (ITI) formally expressed its opposition to the Federal Communications Commission (FCC) last week, urging the FCC not to include foreign-manufactured optical modules in the restricted list. This represents the latest statement from the U.S. technology industry organization on the matter, further reducing the likelihood of a blanket inclusion of optical modules in the Covered List. In its latest submission to the FCC, ITI explicitly recommended that the Covered List should continue to adopt a 'targeted, risk-based' approach, focusing on entities or products with clear ties to foreign adversaries, rather than broadly covering entire categories of technology from trusted companies. More importantly, ITI specifically stated that optical transceivers should not be included in the Covered List, particularly opposing the inclusion of all foreign-produced optical modules in the restrictions. -
Ulanqab Plans 12.5GW, Surpassing OpenAI's Stargate Target
According to Goldman Sachs, Ulanqab, a prefecture-level city in Inner Mongolia, has committed to a total data center capacity of approximately 12.5GW, which exceeds OpenAI's initial target of 10GW for Stargate. However, only about 1.2GW is currently operational. This expansion has primarily occurred in the past year, with over 70% of the capacity commitments made in this timeframe. DeepSeek plans to build approximately 1GW of data centers, while Xiaohongshu is reportedly considering a project of around 600MW. Companies like ByteDance and Alibaba have also entered the market. The area benefits from low land and electricity costs, cold weather, and proximity to Beijing. Dedicated fiber optics have reduced the average latency from Ulanqab to Beijing to under 5 milliseconds.
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