Odaily Planet Daily News: TIME magazine has unveiled its 2026 list of the 100 Most Influential People in AI globally (TIME100 AI 2026). Alibaba Group CEO Eddie Wu was named to the "AI Leaders" category for leading Alibaba to become a global leader in open-source AI, and was featured alongside SpaceX CEO Elon Musk, Amazon founder Jeff Bezos, and OpenAI co-founder Sam Altman at the center of the magazine cover, making him a "Person of Focus."
ByteDance's Liang Rubo, SMIC's Liang Mengsong, and Moonshot AI's Yang Zhilin also made the sub-lists in categories such as Leaders and Innovators.
Odaily News, Trade.xyz announced that the pre-IPO market for SHEIN is now live. The market reflects the market's pricing expectations for the per-share price of SHEIN Global Holdings Limited's Class B ordinary shares. SHEIN is expected to list on the Hong Kong Stock Exchange on September 1 under the ticker symbol 0625. Currently, the IPO price range for SHEIN's Hong Kong listing is set between HKD 47.60 and HKD 49.50 per share. Trade.xyz stated that after SHEIN's listing, the oracle will convert the Hong Kong stock price into US dollars based on the prevailing USD/HKD exchange rate at that time.
Odaily reports that trade.xyz posted on X platform, stating that market expectations in the pre-IPO market may shift. During this period, mark prices may more frequently touch the applicable discovery bounds, temporarily limiting their range of movement relative to the reference price. Market participants should familiarize themselves with the mechanics of XYZ discovery bounds and review SHEIN's current market configuration.
Odaily News – Hossein Mohebi, spokesperson for Iran's Islamic Revolutionary Guard Corps, said on the 26th that Iran and Oman have reached a mutually recognized agreement on the share of waters each controls in the Strait of Hormuz and the distribution of revenues. However, a senior Iranian source stated that the two sides are still discussing specific details. Earlier this month, Iran indicated that the agreement was close to being finalized. Iran has also accused the United States of continuously obstructing negotiations between Iran and Oman, causing delays in the process. (CCTV News)
Odaily Odaily News: U.S. clearing and custody firm RQD* Clearing has announced the completion of a $74 million funding round, led by Bain Capital Tech Opportunities, the technology investment arm of Bain Capital, with participation from ABN AMRO Clearing Bank and Nyca Partners.
RQD* stated that the funding will be used to expand operations in North America, Asia, and the Middle East, and to bolster infrastructure development in areas such as digital asset custody and asset tokenization.
RQD* primarily provides post-trade clearing and custody services for brokers, investment advisors, and overseas financial institutions in U.S. markets, handling critical functions such as securities and fund settlement and risk management. So far this year, the company has processed approximately 515 million equity trades, involving amounts close to $2 trillion, representing roughly 2.4% of U.S. National Market System (NMS) equity trading volume.
As Wall Street institutions accelerate their exploration of on-chain finance, traditional market infrastructure is becoming a key battleground for tokenized assets. RQD* has previously partnered with Blue Ocean Technologies to advance the clearing and settlement infrastructure for tokenized U.S. equities, while also aligning with the Depository Trust & Clearing Corporation's (DTCC) tokenized securities framework. (CoinDesk)
Odaily reported that on-chain data analytics firm Glassnode stated that approximately 1.05 million BTC currently belong to long-term holders (LTH), with their acquisition costs concentrated in the $83,000 to $86,000 range. This marks the first significant cost-dense zone above the current spot price of around $79,000.
Glassnode pointed out that this group of long-term holders has almost entirely held through to the present without selling during previous market pullbacks. Therefore, the $83,000 to $86,000 range will serve as a key position to monitor market dynamics, with the crucial question being whether these long-term holders will choose to take profits or continue holding as prices recover toward their cost basis.
If substantial selling pressure emerges in this zone, it could limit Bitcoin's short-term rebound potential; conversely, if long-term holders maintain their patience, it could signal stronger upward momentum.
Odaily News: Federal Reserve's Hammack stated that given persistent inflation, it is time to act. The latest inflation data met expectations. He does not believe the Fed's policy will restrict the economy, and it is appropriate for the Fed to take action to lower inflation. (Jin10)
Odaily News, stablecoin protocol Ethena has announced four ecosystem updates, including buying back some locked tokens from early investors, adjusting the relationship between tokens and equity, launching a revenue buyback mechanism, and canceling VC monthly unlocks.
The Ethena Foundation stated that it has completed buybacks of locked ENA tokens from certain large seed round investors who had sold ENA over the past nine months.
At the same time, the Ethena Foundation has entered into a master framework agreement with Ethena Labs, transferring the intellectual property and value generated by the protocol to the Foundation, governed by ENA token holders, ensuring that protocol value growth does not result in residual cash flows flowing to Labs equity investors.
In addition, an Ethena governance proposal has been launched to enable a "fee switch" that would use net income generated from various business lines under the Ethena brand for programmatic buybacks of ENA tokens. The proposal has been approved by the Risk Committee.
Ethena also announced the cancellation of monthly unlock arrangements for future VC investors, eliminating market concerns about sustained sell pressure by releasing unvested tokens; team tokens will still follow the original lock-up and vesting schedule. These adjustments are aimed at further strengthening the binding relationship between ENA tokens and protocol value.
Odaily News: According to Lookonchain monitoring, BlackRock has made significant purchases of Bitcoin and ETH for eight consecutive trading days, accumulating 27,700 BTC worth $2.2 billion and 385,600 ETH worth $961 million.
Odaily News: Two sources familiar with the matter revealed that Meta internally projected earlier this year that it could spend up to $10 billion annually on Anthropic's AI models. This funding would account for a significant portion of Anthropic's annual revenue, which the company estimated in July to exceed $65 billion. (The New York Times)
Odaily News: BitcoinTreasuries.NET posted on X platform, stating that Singapore-listed company Genius Group has announced plans to purchase Bitcoin worth $827 million by 2031 through the issuance of preferred shares.
Odaily News: Uniswap founder Hayden said in a post on X that he cannot ignore the theory of correlation trading pairs when observing various things, and noticed that the second-largest Uniswap pool on Base is the Jito staked SOL/BTC trading pair, which aligns with the logic of correlation trading pairs.
In an article titled "Correlation Trading Pairs: How AMMs Win the Biggest Markets," Hayden stated that AMMs have the potential to become the core engine of all financial markets, and tokenization will make markets programmable, changing market types, market makers, and the assets being traded.
He said Uniswap has been operating autonomously since its launch in 2018, with cumulative trading volume exceeding $4.6 trillion, and has helped increase the proportion of decentralized exchanges relative to centralized spot trading volume from less than 1% to over 20%. As AMMs have developed, their liquidity has gradually formed a structure of correlation trading pairs.
He pointed out that AMMs initially achieved product-market fit in the long-tail asset market, and then stablecoin trading pairs developed. Due to the lower capital costs of passive strategies, the demand for professional market making in stablecoin trading pairs has been squeezed.
Hayden said traditional financial markets are dominated by market-making firms that integrate capital, trading strategies, execution technology, settlement, and distribution into a single vertical business. Citadel Securities handles approximately 25% of US stock trading volume, with net trading revenue reaching $12.2 billion last year and trading capital of approximately $21 billion.
He believes blockchain can unbundle the different components of traditional market-making businesses: code handles execution, shared services provide custody and settlement, and open-source software replaces proprietary infrastructure. The scarce factor of capital in AMMs is capital itself, and participants who can hold inventory at lower costs gain an advantage.
Hayden said liquidity providers face lower inventory risk when holding assets with similar price movements, and liquidity will deepen as a result. Ethereum ecosystem assets typically trade against ETH, Solana ecosystem assets typically trade against SOL, stablecoins trade in pairs with each other, and a few high-liquidity trading pairs are responsible for connecting different asset clusters.
He noted that once tokenized assets share the same settlement layer, any asset can trade directly against any other asset. For example, NVIDIA/USD can become NVIDIA/SPY and connect to the dollar through SPY/USD; oil companies can trade against oil ETFs or tokenized oil, and private credit can trade against tokenized US Treasury funds.
Hayden said traditional market makers typically pursue delta neutrality, reducing risk by denominating in USD and hedging non-USD exposure, which increases market-making costs. A market structure consisting of low-volatility correlation trading pairs and a few high-volatility bridge trading pairs is expected to improve market-making efficiency and reduce costs.
He said DeFi has already demonstrated this model, with ETH/USDC being one of the deepest on-chain markets because different asset clusters route through this trading pair. Passive liquidity providers focus on correlation trading pairs, while active liquidity providers compete on bridge trading pairs.
Hayden noted that correlation markets for tokenized stocks have already emerged, with 10 tokenized stocks currently trading against SPY in Uniswap pools on Robinhood Chain. In the first 12 days after launch, these pools generated $33 million in trading volume, with over 11,000 users participating, many of whom traded during US market closure hours, and some trades were executed directly between different stocks without passing through the dollar.
He also said Uniswap v4 Hooks supports market customization, which can enhance returns for liquidity providers. The DualPool Hook recently launched by Uniswap Labs deploys passive AMM funds to earn lending yields when the funds are not being used for swaps.
Hayden believes AMMs are still in their early stages, and there will be multiple ways to improve liquidity provider returns and market competitiveness in the future. He said passive liquidity will develop in a manner similar to index funds, lowering the barrier to creating and participating in markets.
Odaily星球日报讯 加密交易员正密切关注美联储主席凯文·沃什（Kevin Warsh）在杰克逊霍尔全球央行年会上的讲话，市场将从中寻找未来货币政策和流动性走向线索。
分析人士预计，沃什可能继续强调抗击通胀立场，但短期内美联储或不会在美国中期选举前采取加息行动。Risk Dimensions 首席投资官马克·康纳斯表示，沃什更可能讨论美联储政策框架调整，而非释放具体利率行动信号，并预计“中期选举前不会加息”。
此前，比特币在过去 10 天上涨，主要受美国财政部推动压低长期利率、增加长期美债购买等措施影响。Hashdex 首席投资官萨米尔·克尔贝格表示，比特币上涨“主要是流动性事件”，其走势与全球流动性和长期利率曲线变化相关，而非单一美联储会议决定。
目前，美联储联邦基金利率维持在 3.50%-3.75%区间，市场仍关注通胀压力。美国 7 月个人消费支出价格指数（PCE）同比升至 3.7%，高于美联储 2%的目标水平，推动部分交易员提高 9 月加息预期。
此外，本届杰克逊霍尔会议主题聚焦金融创新、支付和政策，加密市场也关注稳定币、代币化存款及区块链支付基础设施是否会获得更积极的监管态度。若沃什将相关技术视为金融体系创新的一部分，而非风险来源，智能合约网络和代币化支付协议或将获得更大关注。（CoinDesk）
Odaily News: US companies are pouring money into political campaigns at an unprecedented pace. According to the latest data from Public Citizen, a US consumer advocacy group, corporate donations to US political campaigns reached a record $646 million in the 18 months leading up to June this year, a 40% increase over total corporate spending during the entire 2024 presidential election cycle. With the midterm elections entering their final stretch on November 3, this figure is likely to climb further.
Notably, this tally does not include donations from "dark money" organizations, nor does it factor in state and local election spending, meaning the actual political funds deployed by corporations and wealthy individuals could be far higher than public data suggests. The AI industry has quickly emerged as a significant political financier. The super PAC "Leading the Future," linked to OpenAI, has disclosed receiving $50 million, bringing the AI industry's reported campaign contributions to the FEC to $62 million. The PAC has so far raised $140 million in donations and pledges.
Traditional industries are also spending lavishly. Koch Inc., controlled by top Republican donor Charles Koch, donated $20 million in June to the family's political action committee "Americans for Prosperity Action." Tobacco company Reynolds American, through a subsidiary, contributed $5 million to Trump's super PAC, MAGA Inc.
Odaily News: Two Solana proposals aim to reduce token issuance and increase burning, expected to cut SOL issuance by $1.4 billion to $1.5 billion over 6 years. SIMD-550 has entered the governance voting stage, proposing to increase the annual inflation rate reduction from 15% to 30%; SIMD-553, approved in July, will increase the burn amount based on requested compute units.
Research from crypto asset investment firm 21Shares shows that the current Solana staking yield is approximately 5.25%. If SIMD-550 passes, the nominal staking yield is expected to drop to roughly 4.34% in the first year, 3% in the second year, and 2.25% in the third year, reaching a terminal inflation rate of 1.5% by the first half of 2029.
After SIMD-553 is implemented, Solana's daily SOL burn is expected to rise from approximately 600 to 800 SOL to between 7,500 and 9,000 SOL. Currently, about 67.9% of SOL is staked; under the impact of fee structure changes and declining inflation, it is estimated that 2 validators may incur losses in the first year, increasing to approximately 30 by the third year. (Bitcoin.com News)
Odaily News: According to MSX.COM data, Salesforce (CRM.N) has extended its gains to 19%, marking its largest increase since August 2020.
