Odaily News: Justin Sun stated on X that his legal team attended a hearing at the U.S. Federal Court in California to oppose World Liberty Financial's move to refer the dispute to secret arbitration and seal related documents.

The court ruled that all of his individual claims will continue to be heard in open court, while rejecting World Liberty's assertion that all company-related claims should be subject to arbitration. The court also ordered both parties to negotiate and determine which claims remain in court and which are submitted to arbitration.

Justin Sun stated that he is one of World Liberty's earliest and largest investors, having invested $45 million in exchange for WLFI tokens. His lawsuit alleges that World Liberty planted a backdoor in the WLFI smart contract, granting itself the unilateral power to freeze, restrict, and destroy holders' tokens, and that it exercised this power to seize his WLFI tokens while threatening him with criminal referral.

Odaily News: At the inaugural meeting of the U.S. CFTC's Innovation Advisory Committee, Lighter CEO Vladimir Novakovski stated that DeFi has long been misunderstood and should not be viewed as an adversary to regulators. DeFi transactions are recorded on-chain in a verifiable manner, which helps regulators in areas such as transparency, consumer protection, and market fairness. Vladimir Novakovski noted that decentralized, verifiable finance has the potential to become an important part of the U.S. financial infrastructure in the future, particularly in terms of cybersecurity and operational resilience. He added that the industry should push for more technology to evolve toward open-source, verifiable tech stacks. He also stated that AI has the opportunity to drive financial democratization, allowing users to construct bundled trading or investment strategies through AI based on their own judgments about the macroeconomy, industries, and other fields—capabilities that were previously mainly available to high-net-worth individuals and professional fund managers.

Vladimir Novakovski pointed out that the main risk AI faces in the financial sector is consumer protection risk—for example, users not understanding how AI models actually function, or models being promoted with misleading claims. Therefore, before AI models are deployed at scale for consumers, it is necessary to establish appropriate sandbox mechanisms and verify the validity and formal verifiability of the models.

Odaily News: On-chain analyst Ember stated on the X platform that Strategy has now broken even.

Previously reported, Strategy's average cost for its Bitcoin position was $75,385.

Odaily News: According to an official announcement, South Korean crypto exchange Bithumb will list the NEXO token on its Korean Won market, with trading expected to open at 13:00 local time.

Odaily News: On-chain analyst EmberCN posted on X, stating that if BTC rises another $800, Strategy will break even, as its cost price is $75,385. Strategy's current floating loss has dropped from $9.904 billion a few days ago to $685 million, a reduction of $9.219 billion. Bitmine's ETH floating loss has dropped from $8.513 billion a few days ago to $5.879 billion, a reduction of $2.634 billion.

Odaily Planet Daily News: Crypto companies, AI firms, and online betting platforms have emerged as major industry forces influencing the 2026 U.S. midterm elections. Data shows that over the 15 months ending in the first quarter, U.S. corporate spending on House and Senate elections reached $517 million, surpassing the record of $461 million for the entire 2024 election cycle. Donations from the crypto, tech, and online betting sectors totaled at least $294 million. The crypto industry has channeled political spending through networks like the Fairshake super PAC, with Coinbase, Ripple, and Andreessen Horowitz serving as primary funding sources.

Odaily News: The board of directors of Korean internet company Kakao has resolved to proceed with a corporate split, establishing KakaoAI and designating KakaoX as the surviving entity. KakaoAI will focus on AI businesses centered around KakaoTalk, while KakaoX will oversee core subsidiaries and new business investments. Existing shareholders will receive shares in both companies based on a net asset book value ratio of 0.36 and 0.64, respectively.

KakaoAI will transform KakaoTalk, which has approximately 50 million users, into an "agentic AI interface," connecting AI, advertising, and e-commerce businesses. The company plans to achieve over 20 million daily active AI users by 2030, increase platform dwell time by more than 50%, and reach annual revenue of 6 trillion Korean won. Current Kakao CEO 정신아 is slated to become the representative.

KakaoX will oversee the development of core subsidiaries including KakaoBank, KakaoPay, Kakao Mobility, and Kakao Entertainment, while also pursuing new business opportunities and investments in innovative companies. The company plans to utilize approximately 2.3 trillion Korean won from asset securitization and roughly 4.1 trillion Korean won in investment funds held by its subsidiaries, aiming to achieve revenue exceeding 10 trillion Korean won by 2030.

KakaoAI plans to allocate 20% to 35% of adjusted free cash flow for shareholder returns, while KakaoX intends to use 30% of subsidiary dividends and investment gains for shareholder returns. Kakao plans to hold an extraordinary general meeting on December 17, complete the split on January 1, 2027, and pursue a relisting of KakaoAI and listing change for KakaoX on January 27. (ZDNet)

Odaily News: According to Lookonchain monitoring, the Matrixport-linked whale (@BITofficial_EN) holds long positions in 120,000 ETH and 500 BTC, valued at $187 million and $29.33 million respectively. After holding for 4 months, this long position has turned from a floating loss of $92.5 million into a floating profit of $11.5 million.

Odaily News, Coinglass data shows that over the past hour, total liquidations across the network reached $156 million, with long liquidations at $6.746 million and short liquidations at $149 million. Additionally, BTC liquidations over the past hour amounted to $126 million.

Odaily Planet Daily News According to on-chain analyst Yu Jin's monitoring, a whale/institution named "7 Siblings" bought ETH after a short-term drop of more than 10% and sold after a short-term surge of more than 10%. In February and June this year, after ETH experienced two declines of more than 10%, the whale/institution made purchases, with the June purchase price at $1,789. Over the past day and a half, ETH has risen more than 20%, and 7 Siblings (0x28a...a6b) has begun selling; in the past 6 hours, it sold 9,000 ETH, exchanging them for 21.04 million USDT at an average price of $2,338.

Odaily News, a report shows that capital expenditures for AI and high-performance computing (HPC) operations at 9 listed Bitcoin mining companies reached $5.11 billion in the first half of 2026, with related revenue of $340 million during the same period, representing an input-output ratio of approximately 15:1. Among a sample of 15 mining companies and AI data center firms, combined capital expenditures for the 2026 reporting period totaled $30.7 billion, up 42.6% from the full year of 2025. AI and HPC revenue continues to grow, with Q2 related revenue from the 9 mining companies rising 52% quarter-over-quarter to $206 million, led by Core Scientific, TeraWulf, and Bitdeer.

1. CME and Kalshi executives publicly clash over prediction market regulation, debating market manipulation and regulatory standards;

2. CZ: Supports promoting asset tokenization across all blockchains, which can help countries attract foreign direct investment;

3. Anthropic's IPO is expected to match or exceed SpaceX in scale, with a public filing anticipated as early as the end of this month;

4. South Korean Finance Minister: Trading volume in single-stock leveraged ETFs has shrunk to one-tenth of its original level;

5. Both banned from trading for 5 years, CFTC officially closes enforcement cases against FTX's two co-founders;

6. Cumulative losses of $3.28 million: a certain address failed all 8 short positions on BTC and ETH over two days;

7. Multicoin Capital co-founder suggests launching Pre-IPO perpetual futures to allow ordinary American investors to participate in the AI industry;

8. Attracting $12 billion in inflows over the past two months, U.S. memory chip ETF DRAM has seen capital inflows for 8 consecutive weeks.

Odaily News According to on-chain analyst Ai Yi's monitoring, a certain entity has purchased 3,385.82 ETH again. Since yesterday, this entity has accumulated 16,699.32 ETH through Cowswap, with a total value exceeding $35.84 million. The average cost is $2,146.42, and it is currently profiting $3.335 million. The funds originated from a mixer.

Odaily reported that according to Lookonchain monitoring, SharpLink Gaming (@Sharplink) staked another 39,300 ETH, worth $91 million, 4 hours ago.

Odaily News, According to on-chain analyst Ai Yi's monitoring, a whale who built a $20 million ETH position on July 21 has completed liquidation 10 hours ago, depositing 10,500.4 ETH into Binance in two batches. The address held the position for one month, with an average withdrawal price of $1,902.6 and an average deposit price of $2,251.78, achieving a return rate of 18.35% and a profit of $3.66 million.