News linked to this event type.
Odaily News: As of August, cumulative top-ups on USDC- and USDT-linked stablecoin cards have reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances toward everyday consumer use cases.USDC currently leads in tracked card spending, while USDT is accelerating its catch-up. The two follow different adoption paths: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active across exchanges, remittances, and emerging markets.On-chain settlement also reflects a multi-chain distribution, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar are also carrying significant activity.Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, shifting the competitive focus toward custody, FX costs, cashback, and capital efficiency. Meanwhile, Circle has renewed its USDC partnership with Coinbase under the original terms, excluding any dividend arrangements. (Bitcoin.com News)
Qwen3.8-27B is now freely available on Token Harbor, accessible directly without credits. This 27B-parameter multimodal model supports approximately 1M context, natively supports text, image, and video understanding, and offers configurable thinking. Officially described as being specifically crafted for programming, research, and long-horizon agents, it allows developers to start building for free on the Token Harbor platform.
According to Chaoxiang Research, Morgan Stanley's August 24 report raised its revenue assumption per gigawatt (GW) of externally sold Google TPUs from $20 billion to $27 billion, increasing the gross margin assumption from 20% to 30%. Following these adjustments, TPU-related cloud revenue is projected to reach $84 billion and $108 billion in 2027 and 2028, respectively, marking increases of 35% and 37% over prior forecasts. Morgan Stanley maintains an Overweight rating on Alphabet with a price target of $400, implying 16% upside from the current share price. The upward revision draws support from recent media reports stating that Google has pledged to supply approximately one million TPUs (equivalent to roughly 1.3 GW), generating about $35 billion in revenue. Furthermore, Google's custom silicon agreement with Marvell validates TPU pricing above previous estimates. The firm anticipates Google Cloud will contribute approximately 50% of Alphabet's consolidated EBIT by 2028. Three primary catalysts underpin the potential for valuation re-rating: the rollout of Gemini 4, inference cost reductions through optimized models, and the market deployment of GenAI offerings. The target price reflects a forward P/E multiple of approximately 22x based on 2028 consensus earnings, commanding a premium of roughly 22% relative to the peer median.
Odaily News, according to Onchain Lens monitoring, Wintermute (0xecb...2b00) has reduced its short exposure on Hyperliquid from $212 million to $80.48 million since the last update. It still holds $80.48 million in short positions and $5.51 million in long positions. Its HYPE short exposure has increased from $5.6 million to $10.2 million, with an unrealized loss of $568,800.
Odaily News, August 26 - B.AI announced that its API is now fully compatible with the OpenAI Responses API. Developers only need to use a B.AI API Key to complete the Base URL configuration, allowing them to directly call GPT series models supported by B.AI within the Codex development environment, seamlessly integrating cutting-edge large model capabilities into their daily coding workflows. This means that whether it's code generation, logical understanding, intelligent debugging, architectural refactoring, or team development collaboration, developers can access real-time intelligent assistance from GPT series models in the Codex environment, comprehensively covering various scenario needs from individual development to team collaboration.B.AI remains committed to lowering the barrier to entry for top-tier AI capabilities, offering developers around the world an efficient and convenient programming assistance experience through more open ecosystem compatibility and more flexible invocation methods, helping developers better focus on creation itself.
According to Reuters, AI data center power infrastructure company Emerald AI announced the closing of its $150 million Series A funding round, valuing the company at $1.05 billion. Co-led by Energize Capital and DCVC, this round brings Emerald AI’s total funding raised past $220 million. Emerald AI is focused on transforming AI data centers into flexible grid resources, addressing one of the major bottlenecks hindering AI development: power supply. The newly raised capital will be used to expand global commercial deployments in partnership with AI companies, data center operators, and utilities.
According to Chaowang Research, Bernstein’s August 25 research report indicates that in four key scenarios—city patrol, warehouse palletizing, factory material handling and inspection, and last-mile delivery—the payback period for patrols has already dropped below two years. The payback periods for warehouse and factory scenarios are approximately 2.7 years in the U.S., while China’s factory scenario stands at 6.7 years. To reach the 2.5-year threshold for accelerated adoption, robot prices in China must fall by 30% to 50%, and in the U.S. by 5% to 40%. Bernstein projects that global annual shipments of humanoid robots will reach one million units by 2031, with these four scenarios contributing roughly 50%. Bernstein notes that, drawing on lessons from the electric vehicle and lithium-ion battery sectors, costs typically decline by 15% to 18% with each doubling of production volume, indicating that price will not pose a long-term barrier. The deployable market across these four scenarios amounts to approximately 10 million units in China and 1.2 million in the U.S. The report recommends tracking market leaders along three dimensions: actual commercial sales growth trajectories, performance enhancement trajectories, and the trend of moving closer to the center of the industrial ecosystem. Once payback periods dip below 2.5 years, procurement decisions will shift from “whether to try” to “why not buy.”
Odaily News: On August 24, consumers discovered that the "SKhynix Flagship Store" had posted a notice of business termination on its store homepage, with plans to voluntarily cease operations on September 9, 2026, and all products in the store have been removed. As of August 25, the store can no longer be directly searched on the Taobao platform. Public records show that this store previously primarily sold SK Hynix-branded consumer-grade solid-state drives, and its operating entity is listed as Tianjin Hailishi Technology Co., Ltd. According to Tianyancha, the company was registered in July 2020 with a registered capital of 1 million yuan, and its business scope covers technical services, electronic product sales, etc. Public business registration information does not currently indicate any equity, controlling, or direct affiliation relationship with SK Hynix headquarters or its China region.SK Hynix China told China Newsweek that after verification, the "SKhynix Flagship Store" is not directly operated by the company. As for the reasons for the store closure, the operation or authorization status of other related e-commerce stores, and warranty arrangements for historical orders, SK Hynix China stated that it is currently verifying information internally and with relevant parties, and no further information is available at this time.It is worth noting that this store closure incident has once again sparked speculation that SK Hynix is scaling back its consumer storage business. In January of this year, there were market rumors that SK Hynix planned to discontinue consumer storage products and exit the consumer DRAM and NAND business. On January 14, an SK Hynix representative publicly denied this, stating that the company "currently has no plans to explore or pursue an exit from its consumer products business." (China Newsweek)
Odaily News: According to an official announcement, Bitget stock contracts have listed DJT (Trump Media & Technology Group). These contracts are settled in USDT, support up to 20x leverage, and offer 7×24-hour trading. To date, Bitget supports a total of 291 stock perpetual contract instruments.
Registration is now open for the Bitget 2026 King's Cup Global Invitational (KCGI), with early-bird perks and team registration channels simultaneously activated. This edition of KCGI brings a comprehensive upgrade, centering on "UEX Panoramic Competition" as its core highlight. For the first time, it bridges three major tracks: crypto contracts, TradFi contracts, and equity spot (rToken), delivering a unified arena, prize pool, and ranking system. This creates a multi-asset competitive environment catering to diverse trading preferences, featuring a total prize pool of 3 million USDT.
According to Bitcoin.com, Bitdeer subsidiary Dory Creek will deploy its proprietary Sealminer A2 Pro Air miners starting in September 2026 at Project Kati 1, a wind-powered data center operated by Soluna in Willacy County, Texas, utilizing an expected 28 MW of power and generating approximately 1.93 EH/s of Bitcoin mining hash rate. The collaboration operates on a revenue-sharing model: Soluna manages the site, power supply, and daily operations, while Bitdeer provides and retains ownership of the mining equipment, with both parties splitting the Bitcoin revenue generated by this portion of the hardware. Project Kati 1 has a total capacity of 83 MW, with Galaxy Digital currently utilizing 48 MW for Bitcoin mining.
According to Fortune, Nikita Bier, former head of product at Elon Musk’s X and a serial entrepreneur, recently launched one-on-one video consulting services on the expert advice platform Intro, available exclusively to founders of venture-backed startups. His fee is $7,500 per 15-minute interval, with a minimum booking time of 30 minutes, bringing the starting price to $15,000 per session. Consultations cover topics such as startup growth, fundraising, investing, and product “virality.” Bier previously founded the anonymous social apps tbh and Gas, which both topped the US App Store charts before being acquired by Meta (formerly Facebook) and Discord in 2017 and 2023, respectively. He was named head of product at X in 2025, claiming to have driven the launch of around 30 products during his tenure. He has since stepped down from the position but remains on board as an advisor.
Flop Labs CEO and Maelstrom Fund CIO Arthur Hayes announced on X that an infographic detailing the FLOP tokenomics model will be released this week. He also plans to host a live AMA on X Spaces and YouTube next week, where the community can ask questions about the tokenomics design and provide constructive feedback to help the team finalize the plan.
According to Bloomberg, South Korean AI platform provider Wrtn Technologies announced it has completed a Series C funding round of approximately 100 billion won (around $69 million), valuing the company at 1.2 trillion won (approximately $870 million). The round will primarily be used to drive global market expansion. New investors Coreline Ventures and Eugene Asset Management participated in the financing, while existing shareholders including Goodwater Capital, Antler Global, Woori Venture Partners, Korea Development Bank, and Capstone Partners continued their support.
According to Yonhap News Agency, SK Hynix showcased a complete lineup of storage solutions for AI infrastructure at the Dell Technologies Forum 2026 held in Seoul, including sixth-generation High Bandwidth Memory (HBM4), HBM4E, AI server DRAM, enterprise SSDs (eSSDs) and client SSDs (cSSDs). The AI data center products include liquid-cooling-ready PEB210 E1.S, high-capacity low-power PS1110 E3.S, and the company's first QLC flash-based enterprise SSD PS1101 E3.S. SK Hynix also served as a partner keynote speaker at the forum for the first time, introducing the applications of next-generation storage technologies in the AI era.
Coinbase Chief Policy Officer Faryar Shirzad disclosed that Coinbase has submitted comments in response to the joint request for comments from the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the definition of perpetual derivatives and alternative compliance mechanisms. Coinbase recommends classifying equity perpetual contracts as securities futures and advocates for the establishment of an alternative compliance framework to address issues such as dual registration, redundant regulatory oversight, and liquidity fragmentation between the SEC and CFTC. Coinbase noted that complex existing regulatory definitions and overlapping agency jurisdictions have kept actively traded perpetual derivatives in the U.S. market in a prolonged state of regulatory uncertainty. Clarifying product classifications and establishing a unified regulatory framework aligned with associated risks would help bring relevant products currently accessed by U.S. investors through offshore platforms under domestic regulation, while simultaneously strengthening U.S. competitiveness in financial innovation.
Odaily News: Pons, an ecosystem project on the Robinhood Chain, announced that within just one month of its launch, it has generated over $2.85 billion in trading volume, representing more than 11% of the approximately $25 billion total trading volume on Robinhood DEX.
The Ethereum Foundation stated that the upcoming Glamsterdam upgrade will adjust the gas costs for creating and accessing on-chain state through EIP-8037 and EIP-8038. After conducting replay tests on historical mainnet transactions, the team found that a small number of smart contracts rely on existing gas cost assumptions and may experience execution failures or performance degradation under the new rules. However, the vast majority of smart contracts remain unaffected, and most issues can be resolved by increasing the gas limit.
Canada released a 99-page tariff list, proposing to impose tariffs of up to 50% on approximately $20 billion in U.S. goods in retaliation. Trump also threatened to rename Lake Ontario "American Lake."
The Trump family's World Liberty Financial announced the native deployment of the USD1 stablecoin on Canton Network, enabling cross-chain interoperability without bridges.