Odaily News: HyperliquidNews posted on the X platform, stating that the stablecoin market capitalization has reached $6.888 billion ahead of the AQAv2 launch, approaching its all-time high of $7 billion.

Odaily News: According to U.S. SEC filings, prediction platform Kalshi has raised approximately $1.12 billion through equity financing, with a total offering size of $1.5 billion.

Odaily News: Bloomberg ETF analyst Eric Balchunas stated on the X platform that store-of-value assets GLD and IBIT have returned to the list of the 10 most actively traded ETFs. After semiconductor ETFs dominated the list throughout the summer, some semiconductor ETFs have seen their rankings decline. This shift once again indicates that currency debasement trades are beginning to replace the AI boom. Semiconductor ETFs are still trading above their size levels, but not to the same extent as before.

Odaily Block News: The first proceeds from Hyperliquid's AQAv2 mechanism are expected to enter the Hyperliquid Assistance Fund on October 3. The market anticipates the initial fund size could reach approximately $20 million, which will be used to repurchase HYPE. AQAv2, or Aligned Quote Asset v2, is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins not exclusively issued by Hyperliquid—including USDC—to qualify for "Aligned" status. According to public information, AQAv2 returns the majority of stablecoin yields to the Hyperliquid ecosystem, with 90% of the proceeds allocated to the relevant mechanism and subsequently used entirely for repurchasing and burning HYPE tokens. Coinbase has been designated as the fund deployment party, with Circle responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. Analysts estimate that this mechanism could add approximately $135 million to $160 million in annual HYPE buyback pressure.

Odaily News: Recent Bitcoin volatility has triggered a wave of leveraged long position liquidations. On August 22, hourly liquidations reached $529 million, with long positions accounting for $478 million; on August 23, an additional $84 million in crypto long positions were liquidated within one hour.

Prediction market Kalshi launched the first spot Bitcoin perpetual futures contract approved by the U.S. Commodity Futures Trading Commission (CFTC) on June 3, with liquidations reaching $5.5 billion in the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers U.S. institutions regulated onshore perpetual contract trading.

Benjamin Schiffrin, Director of Securities Policy at Better Markets, pointed out that perpetual futures are high-risk crypto products for retail investors, and the CFTC did not impose additional investor protections when approving them. Analysis account Qmo noted that there are significant Bitcoin long liquidation pools in the $62,000 to $67,000 range; trader Money Bunny disclosed that short liquidations reached $2.7 billion to $3.5 billion within 24 hours. (Forbes Digital Assets)

Odaily News: Bitcoin treasury company Strategy's Bitcoin holdings are currently valued at $66.7 billion, with annual obligations such as preferred stock dividends and interest amounting to approximately $1.76 billion. According to Regime Intelligence analysis, the company's 840,447 BTC holdings correspond to roughly $22 billion in debt and priority claims, and continued access to capital market financing serves as the foundation for meeting its obligations.

Stress tests show that Bitcoin prices would need to fall by approximately 96% before Strategy's Bitcoin holdings and reserves would be insufficient to cover its convertible bonds; its debt is not a traditional Bitcoin-collateralized margin loan, and there is no BTC margin call mechanism triggered by price declines.

Report author Sherif Saad stated that Strategy needs to maintain its financing cycle to cover annual debt and preferred stock expenses, with cash reserves currently covering approximately 2.6 times the related annual expenses. If the financing environment deteriorates, the company may rely more heavily on reserves and Bitcoin sales to meet its obligations.

Strategy has sold Bitcoin four times since May, with the most recent sale involving 1,690 BTC, using the proceeds to pay preferred stock dividends, repurchase shares, and increase its dollar reserves. CEO Phong Le said earlier this month that the company has purchased approximately 25 times the amount of Bitcoin it has sold this year, and plans to resume purchases later this year. (Cointelegraph)

Odaily reported that SpaceX plans to construct a $100 billion Starship launch facility along the southern coast of Louisiana, adding a third Starship launch site. Located on Pecan Island, the base spans approximately 125,000 acres and will feature 5 launch complexes, 10 launch pads, as well as facilities for propellant production, power generation, spacecraft processing, and employee housing. The site will help SpaceX increase Starship launch frequency and support future plans to deploy up to 1 million data center satellites. The Starship will also be used to launch upgraded Starlink satellites, with orbital data center missions scheduled as early as 2027, and is planned to carry NASA astronauts to the Moon as early as 2028. (Jin10)

Odaily News, according to the Wall Street Journal, Anthropic is expected to tell investors in its IPO filing that its potential revenue opportunity exceeds $30 trillion, surpassing SpaceX's previous estimate of $28.5 trillion. Anthropic is showcasing the growth potential brought by AI through its "Total Addressable Market" (TAM), assessing the scale of all work that AI models are expected to be able to accomplish in the future.

SpaceX previously described its TAM as "the largest actionable market in human history," with $26.5 trillion of that attributed to AI opportunities. Anthropic's second-quarter revenue has already exceeded $11.6 billion, doubling from the previous period. The company's IPO could raise up to $100 billion, targeting a valuation of approximately $2 trillion, higher than SpaceX's $1.77 trillion valuation at its listing. The plans are still under discussion, with a potential listing expected as early as September or October. (Jinshi Data)

Odaily reported that predict.fun announced on X platform that it has launched the related prediction market.

Odaily News: According to the Wall Street Journal, Anthropic has informed investors that it anticipates its potential revenue opportunity will exceed $30 trillion. (Jin Shi)

Odaily News - DGrid AI's native token DGAI nearly doubled on its first day of trading, trading at approximately $0.73 on Tuesday, up nearly 93% over the past 24 hours, with a market cap of around $110 million and trading volume exceeding $165 million.

DGrid AI is expanding its decentralized AI network, connecting users, developers, and distributed nodes to process AI inference requests. DGAI is used for payments, staking, and node rewards. The network employs a "Proof of Quality" mechanism to evaluate results, requiring node operators to stake DGAI, with penalties imposed for underperformance or violations.

DGrid AI sold over 140 DClaw Boxes within hours at $1,580 USDT per unit, generating sales exceeding $221,000 USDT. The device is used to run DClaw personal AI agents, connecting users with AI models through a decentralized network of independently operated nodes. (Cointelegraph)

Odaily News: Lisk founder Max Kordek announced that Lisk will pivot to a treasury operations platform for enterprise finance teams, offering treasury management services such as accounts, payments, and approvals, while gradually winding down its original blockchain ecosystem. The new platform targets enterprises operating across entities and jurisdictions that use both fiat and stablecoins. Early access is now available for qualified companies, supporting unified management of bank and stablecoin accounts, bank transfers, stablecoin payments and receivables, and permission-based payment approvals. Future plans include corporate cards, non-custodial treasury management, and payroll integrations.

Lisk Chain will shut down on October 31, 2026. Lisk has partnered with the Celo team to provide a migration path for on-chain DApps, developers, and projects to move to the Celo network.

Lisk also proposed a plan to gradually dissolve the Lisk DAO, including burning 100 million LSK from the DAO treasury, reducing total supply from 400 million to 300 million; removing staking penalties and allowing holders to flexibly unstake, while gradually shutting down DAO governance infrastructure.

Lisk stated that LSK will transform into a "loyalty token" for the new platform, where enterprises can earn rewards by using Lisk's treasury operations platform and referring other businesses, and may also use LSK to pay platform fees in the future. LSK will primarily operate on Ethereum and Base going forward. Users who still hold LSK on Lisk Chain must complete the migration to Ethereum before October 31.

Odaily News, Gate data shows that U.S. and Brent crude oil both dropped by $0.8 in the short term. WTI crude is currently down 3.88%, trading at $81.27 per barrel; Brent crude has fallen back below $87 per barrel, down 3.88% on the day.

Odaily News: According to Iranian officials on the 25th local time, a source close to the Iranian negotiation team stated that Iran hopes to clearly convey its position and negotiation conditions regarding the Strait of Hormuz to the United States through Pakistan. The source said that during a meeting on the 24th with visiting Pakistani Army Chief of Staff General Munir, Iran had clearly elaborated its stance to the Pakistani side. The conditions proposed by Iran include the United States adhering to the Islamabad Memorandum of Understanding and fulfilling its related provisions, with Article 5 concerning Iran's management arrangements for the Strait of Hormuz. The source stated that the Pakistani side is seeking to convey these conditions to the United States. (CCTV News)

Odaily News: Federal Reserve's Collins stated that she currently supports holding interest rates steady, but this stance depends on seeing more progress in inflation cooling and gradually moving toward the Fed's 2% target. Collins wrote: "To maintain the current target range for interest rates, we need continued evidence that inflation is indeed declining. If evidence of sustained disinflation does not emerge, I believe monetary policy should be tightened as soon as possible."

She noted that recent inflation data showing moderate underlying price pressures is "somewhat encouraging," but added that monthly data can be volatile. "Whether the recent improvement can be sustained remains to be seen." Collins said that tight interest rates combined with rising long-term yields should help alleviate some of the inflation pressure stemming from strong household and business consumption. She added that the impact of previous tariffs is expected to have largely faded, and the effect of rising oil prices on inflation should also begin to diminish. (Jinshi)