TechFlow Intelligence Bureau: Hacker spends $15 to drain Binance of $2.5 billion; U.S. AI sector loses $2.3 trillion in a single day.

A hacker exploited Binance with only $15 in what Bloomberg described as a one-time wallet attack, with Cointelegraph reporting the attacker had up to eight weeks of access, though the headline $2.5 billion figure dwarfs the cost of entry. The same session saw a broad AI-sector rout: the Nasdaq fell 5.52% in its worst single day in 19 months, the Nasdaq 100 dropped 6.4% to erase $2.3 trillion in market value, and Nvidia plunged 9.3% (shrinking Jensen Huang's net worth by $15.1 billion) as the Philadelphia Semiconductor Index sank 12% and memory and optical names including SanDisk (-22%), AMD (-17%) and Micron (-17%) were hit indiscriminately. IREN illustrated the pivot underway, with quarterly revenue of $228 million as AI cloud revenue jumped 182% quarter-over-quarter to $200 million while Bitcoin mining revenue collapsed 58% to $28 million ahead of a full exit from mining by year-end. Canary also launched an INJ staking ETF under ticker INJC on Nasdaq, adding a staking-yield crypto product to traditional markets after SOL and LTC. The selloff, framed by the WSJ as a $2.5 trillion "AI reality check," was compounded by copper prices hitting a July low, two tankers striking mines near the Strait of Hormuz with oil possibly topping $100, and state governors moving to pause AI data center approvals.