A series of security vulnerabilities have been disclosed in internet infrastructure software within a single day, affecting PHP, Node.js, and Go.
Multiple internet infrastructure software projects rolled out security updates in a single day, addressing vulnerabilities including remote code execution, TLS certificate validation bypass, and certificate trust risks. PHP fixed two critical flaws: CVE-2026-109618 and CVE-2026-109619, both enabling unauthenticated remote code execution that impacts PHP environments processing web requests. The patched versions are 8.5.12, 8.4.27, 8.3.36, and 8.2.35. Node.js’ advisory details 10 vulnerabilities, four of which are high-severity: these include remote code execution via out-of-bounds write in the Brotli decoder, DNS name truncation, and two TLS certificate hostname validation bypass issues. Fixed versions are 26.12.1, 24.22.1, and 22.23.4. Additionally, Go’s crypto/x509-related risk is tracked as CVE-2026-111943, rated "Important" by Red Hat with a CVSS 3.1 score of 6.8. Attackers with specific network access and valid certificates could impersonate legitimate servers to intercept or alter communications. Go 1.26.10 and 1.27.3 have been added to a deny list, blocking trust for compromised intermediate certificates.
1 hours ago
Dataline completes $10.6 million seed round funding, and plans to conduct an ICO.
Decentralized data network for AI agents Dataline has closed a $10.6 million seed round, co-led by Lattice and Samsung-backed Dispersion Capital, with participation from Symbolic Capital, Coinbase Ventures, Anagram, and Robinhood co-founder & CEO Vlad Tenev, among others. The round, completed in April, utilized a SAFE agreement with token warrants; valuation was not disclosed. Dataline is now live, covering approximately 50 data sources to deliver on-chain and off-chain data, and scores data reliability, timeliness, and consistency using AI. Proceeds will be allocated to expanding data sources, enhancing data validation, and expanding into robotics, AI training data, and other sectors. Dataline plans to launch a token by the end of 2026 for network payments and data access, and intends to conduct a public token sale on Base via Uniswap’s Continuous Clearing Auction (CCA) system, with details set to be revealed next week. The public sale’s target fundraising amount, token quantity, and other terms remain undisclosed.
1 hours ago
Trump plans to leverage White House cyber crime efforts to showcase achievements in combating cross-border crypto fraud.
White House officials said on October 21 that Trump planned to focus on the U.S. government’s actions to crack down on overseas crypto fraud rings during the White House’s cybersecurity event that day, including recovering funds and shutting down fraudulent operations. These transnational criminal groups steal funds from U.S. citizens via romance scams, phishing, ransomware and other methods. The U.S. government noted that law enforcement agencies have seized approximately $833 million in crypto assets linked to overseas fraud, and shut down 503 fraudulent crypto websites under the supervision of the Homeland Security Task Force. Relevant authorities have also notified nearly 9,000 U.S. citizens to alert them they are being targeted by fraud. The U.S. Treasury Department previously announced the establishment of an inter-agency "Fraud Strike Task Force" to target "pig butchering" scams run by organized criminal groups in Myanmar, Cambodia, Laos and the Philippines. Since last year, the U.S. has also imposed multiple sanctions aimed at cutting off support for related fraud websites and their infrastructure.
1 hours ago
American Bankers Association voices dissatisfaction with OCC’s final GENIUS Act rule, which abandons proposed restrictions on stablecoin yields.
Crypto journalist Eleanor Terrett reported that the American Bankers Association (ABA) has voiced dissatisfaction with the final rules implemented by the U.S. Office of the Comptroller of the Currency (OCC) under the GENIUS Act. The OCC abandoned the previously proposed restrictions on stablecoin yields, a move the ABA argues will "maintain the status quo for crypto platforms." The ABA’s CEO stated: "It is a mistake to wait until deposit outflows and economic harm have already occurred before attempting to address these issues."
1 hours ago
Beyond PHP, three Node.js version branches are also affected by high-severity vulnerabilities, and users need to update their runtime environments promptly.
Node.js rolled out a security update on October 21, covering its 26.x, 24.x, and 22.x version branches, with corresponding patched releases: 26.12.1, 24.22.1, and 22.23.4. The advisory details 10 total vulnerabilities, categorized as 4 critical-severity, 3 medium-severity, and 3 low-severity, with varying impact scopes across the three version lines. The critical CVE-2026-111497 is an out-of-bounds write flaw in the Brotli decoder that could enable remote code execution (RCE), affecting all three branches. Other critical issues include improper null character handling in DNS resolution and a TLS certificate hostname validation bypass. The update also resolves problems with persistent connection response processing, random number cache duplication, and permission models, while updating dependencies including c-ares, OpenSSL, and Undici. The official note warns that end-of-life (EOL) versions may still be vulnerable, advising users to use the latest supported releases. Separately, prior reports noted PHP has fixed two critical unauthenticated RCE vulnerabilities, with patches available for versions 8.5.12, 8.4.27, 8.3.36, and 8.2.35; PHP users are urged to upgrade immediately.
1 hours ago
Bonk Guy: This round is the "privacy cycle", privacy protocol MASK is undervalued.
Renowned trader Bonk Guy posted that the current crypto market is showing characteristics of a "privacy cycle". He noted that since yesterday, Bitcoin has risen approximately 3%, ZEC is up 16%, adding over $3 billion in market capitalization. MASK currently has a market cap of roughly $26 million, with its protocol trading volume and fees hitting consecutive all-time highs, he added. Citing data from DefiLlama, he stated that MASK ranks first among privacy protocols by revenue, outearning the next 10 privacy protocols combined. By comparison, ZEC’s market cap gain over the past 24 hours is roughly 115 times MASK’s entire market cap. Bonk Guy also said that MASK’s upcoming deployment on Solana is set to launch in the coming days, which he expects will further drive growth in usage, trading volume, and fees. He went on to call MASK the most undervalued privacy protocol in the crypto market.
Galaxy Research analyzes why Bitcoin weakened in October, pointing to weak corporate treasury buying and ETF outflows as the primary causes.
Galaxy Research Head of Research Alex Thorn points out that Bitcoin’s weakness in October is tied to weak growth in corporate Bitcoin reserves and net outflows from spot Bitcoin ETFs. Using the “institutional absorption vs. long-term holder address distribution” metric for analysis, the calculation is: spot ETF net inflows plus net additions to corporate reserves, minus the amount of Bitcoin that has been dormant on-chain for over five years and reactivated. Data shows that as of October 18, the year-to-date net value of this metric stood at roughly negative 127,300 BTC, meaning the distribution of old coins from long-term holding addresses has overall outpaced institutional uptake. The analyst also noted that the year-to-date net inflow of U.S. spot Bitcoin ETFs returned to positive territory in September and has barely held steady since, currently at around $355 million, with a small net outflow recorded so far in October.
35 minutes ago
Qubic discloses security incident: Approximately $1.3 million in QU tokens stolen, affecting 1,404 Qubic wallets.
Qubic announced that between 23:42 UTC yesterday and 01:26 UTC today, attackers exploited insufficient randomness in the seed of some wallets to access and siphon approximately 2.94 trillion QU tokens from 1,404 Qubic wallets. The root cause lies in the seed generation mechanism, not the Qubic protocol itself. Affected seeds include those created in any iPhone or iPad browser before October 18, 2026, those created in Mac Safari on the same date, and those generated via the Qubic iOS App before July 2025. The network has been halted at tick 85,371,949. 87.1% of the stolen funds remain in the Qubic network and are frozen, while the remaining 12.9% has been transferred to MEXC, with the associated receiving accounts also frozen. Qubic said the seed generation issue has been fixed in version 4.26.4. Subsequent actions will be decided by the Computor quorum per network rules, and a full technical report will be published after a fund recovery plan is finalized.
35 minutes ago
Viewpoint: Bitcoin has completed bottom hunting to liquidate long positions, may shift to a short squeeze next week, and maintains a bullish stance above $79,800.
Renowned trader Killa reviewed Bitcoin’s weekly chart trends, noting that last week, BTC fell from $87,000 to the $80,000 range before bouncing back 50%. After the current weekly chart opened, the token rallied on Monday but faced persistent resistance, eventually retesting the prior week’s low around $80,000. Currently, longs are the main targets of market liquidations, so there’s a high chance the trend will shift to targeting shorts next week. For short-term trades, closely watch for a retest of this week’s low at $79,800; if that occurs, look for long entry opportunities.
Killa laid out a clear observation framework: If BTC does not retest the lows, focus on the $83,600 level. If the price fails to break above this level, the market will remain in a range-bound capitulation phase; if it breaks through successfully, the rally will push higher. He expects next week’s weekly chart open will move upward, forcing late shorts who entered short positions against the recent rally to cover their positions. In the worst-case scenario for bulls, BTC could dip to the $76,000–$78,000 range. The analyst also explicitly ruled out the extreme scenario of a retest of $74,000.
35 minutes ago
US and South Korean stock market price preview for Monday: SK Hynix and Samsung are expected to open nearly 5% lower, while US stocks are set to open nearly flat in pre-market trading.
During the weekend when traditional markets are closed, Trade.xyz — dubbed the "On-Chain Nasdaq" — leverages perpetual contracts to enable continuous trading and real-time price discovery that traditional finance cannot achieve, pricing in advance the upcoming Monday’s U.S. and South Korean stock market trends.
Most popular U.S. stock assets on Trade.xyz saw minor declines from their Friday after-hours levels, with an overall flat-to-slightly-weak opening expected on Monday. Their weekend performance is as follows: SpaceX is currently priced at $144.66, down from $145.47 in U.S. Friday after-hours trading; Micron (MU) is at $869.99, versus $875.98 in Friday after-hours; SanDisk (SNDK) is at $1,275.4, compared to $1,292.43 in Friday after-hours; NVIDIA is at $213.57, versus $213.75 in Friday after-hours; Marvell Technology (MRVL) is at $225.84, versus $226.9 in Friday after-hours; Intel is at $88.89, versus $89.33 in Friday after-hours; Google is at $339.68, versus $339.22 in Friday after-hours; AMD is at $527.09, matching its Friday after-hours level.
Popular South Korean stocks on Trade.xyz have dropped notably from their Friday closing prices, with an expected opening decline of 4%–5% on Monday. Their weekend performance is as follows: Samsung Electronics is currently priced at $155.81, down from $161.75 at Friday’s close; SK Hynix is at $907.95, versus $954.75 at Friday’s close.
35 minutes ago
Bitcoin Jesus renounced his U.S. citizenship to evade taxes, only to be ordered to pay nearly $50 million in expatriation tax a decade later.
Earlier this month, the U.S. Department of Justice announced a deferred prosecution agreement with Roger Ver, known as "Bitcoin Jesus", under which fraud and tax evasion charges against him will be dropped in exchange for a maximum fine of $49.9 million. As one of the earliest Bitcoin evangelists, Ver purchased large amounts of Bitcoin in 2011 for less than $3 million. In February 2014, to avoid high tax burdens, he obtained citizenship of the Caribbean island nation of St. Kitts and Nevis, and renounced his U.S. citizenship the following month. At that time, he and his companies held at least 131,000 Bitcoin, worth over $70 million at the then-current price. He thought changing his nationality would let him escape the U.S.'s high taxes, but the U.S.'s strict "expatriation tax" foiled his plan. Under U.S. tax law, eligible expatriates must treat their global assets as if sold on the day before expatriation and pay capital gains tax. Ver reported $1.03 million in taxes, but not only failed to disclose his personal Bitcoin holdings, he also severely undervalued his company assets. A decade later, the IRS uncovered his fraudulent tax evasion (fraud and tax evasion are not subject to statute of limitations), ultimately forcing him to pay up to $49.9 million in back taxes, penalties, and interest—48 times the amount he had self-reported paying that year.
35 minutes ago
Justin Sun resumes trading PEPE after a two-year hiatus, receiving $28.44 million worth of the token from Poloniex's multi-signature address.
On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that Justin Sun is trading PEPE again after a two-year hiatus. 22 hours ago, Sun’s address 0x176…0a132 received 7.2 trillion PEPE tokens from Poloniex’s multi-sig address, valued at $28.44 million. This marks his first on-chain PEPE transaction since June 2024, when the token was priced at $0.00001256.
Trader Loracle turns multiple US stock short positions from losses to profits, logging around $3.76 million in daily gains.
According to TradingBeats, after the release of the U.S. September CPI data, the Loracle address (starting with 0xefe4) posted a single-day profit and loss (PnL) of approximately $4.72 million, an increase of about $3.76 million compared to the nearest snapshot taken before the CPI announcement. Meanwhile, all six U.S. stock contract short positions held by this address—SNDK, NVDA, ORCL, CRWV, MU, and PLTR—are in profit, with a total position value of roughly $48.28 million and an unrealized gain of around $4.55 million. In September, the total unrealized loss on the three U.S. stock short positions (SNDK, MU, and NVDA) held by the address stood at approximately $7.23 million. Currently, both the SNDK and NVDA short positions have turned to unrealized profit, while the loss on the MU short position has narrowed significantly. The address currently holds the following U.S. stock perpetual contract short positions:
- SNDK: ~15,800 shares, position value ~$21.28 million
- NVDA: ~88,500 shares, position value ~$19.41 million
- MU: ~10,400 shares, position value ~$9.13 million
- ORCL: ~41,900 shares, position value ~$5.39 million
- PLTR: ~23,000 shares, position value ~$4.56 million
- CRWV: ~34,300 shares, position value ~$2.19 million
3 minutes ago
A crypto whale opened a 25x leveraged long position on Ethereum (ETH) worth $7.05 million.
According to TradingBeats monitoring, a whale address starting with 0x007d opened a 3,000 ETH long position 4 hours ago, using 25x full leverage. Its average entry price is approximately $2,400, with the current position value at around $7.05 million, an unrealized loss of about $150,000, and a position return of roughly -53%. ETH on Hyperliquid is currently trading at approximately $2,349, down roughly 2.1% from the address's average entry price.
3 minutes ago
Policy uncertainty under the Trump administration has driven central banks to reallocate gold reserves, as gold holdings in London vaults approach 10,000 tons.
The Financial Times reported that U.S. policy uncertainty, tariff risks, and the precedent of frozen overseas sovereign assets are prompting some central banks to re-evaluate the locations of their gold reserves, with London emerging as one of the beneficiaries. New York still dominates gold futures and derivatives trading, but London’s advantages in physical gold storage, over-the-counter (OTC) trading, and central bank reserve management have become more prominent. The Netherlands’ central bank moved around 86 tons of gold from the U.S. and Canada to London between March and August this year, lifting London’s share in its total gold reserves of 612.4 tons from 18.1% to 32.1%. The Dutch central bank said the move aims to improve the tradability and accessibility of its gold in the event of severe crises. Data from the London Bullion Market Association (LBMA) shows that as of the end of September 2026, commercial vaults in London and the Bank of England’s vaults held a total of 9,821 tons of gold, up 1.96% month-on-month, worth about $1.3 trillion. London’s mature OTC system allows gold lending, swaps, and trading without physically moving bullion, boosting the liquidity of physical gold. The freezing of Russia’s overseas sovereign assets after the Russia-Ukraine conflict has also made countries pay more attention to the jurisdiction of reserve assets and their availability in extreme cases. However, there are currently no signs that central banks are fully withdrawing from the U.S. gold custody system. Asian financial hubs such as Singapore and Hong Kong are also accelerating the construction of gold storage and trading infrastructure, and the global gold market is taking shape with New York leading derivatives, London focusing on physical gold, and Asia accelerating its development.
3 minutes ago
StandX Co-founder: In addition to airdrops, he will use personal funds to give back to the community.
StandX co-founder AG announced in a post that the protocol has decided to scrap its planned Token Generation Event (TGE). He noted that despite hitting a peak Total Value Locked (TVL) of $200 million without external VC funding, the team ultimately failed to achieve its goal of becoming one of the top three perpetual contract decentralized exchanges (DEXs).
AG added that while the project’s current fundamentals would still support a token launch, relying primarily on short-term speculation to drive the token’s listing without delivering sustainable long-term value would ultimately shift costs to users and the community—something he called both irresponsible and against his personal values.
Most of the protocol’s prior revenue has already been returned to users via SIP-2 and SIP-3 subsidies; for this airdrop, in addition to using remaining project treasury funds, he will also contribute personally to give back to the community as much as possible. AG also emphasized that all user funds are safe, and DUSD is fully collateralized. StandX will wind down operations in an orderly manner and will release specific arrangements for fund withdrawals, the airdrop, and service termination.
3 minutes ago
Japanese and South Korean stock markets both slumped and closed lower, as South Korea's financial regulatory authorities convened an emergency meeting.
According to Bitget market data, the Nikkei 225 index closed 3,318.34 points lower on Thursday, October 15, down 4.90% to 64,425.95 points. South Korea’s KOSPI index fell 454.54 points on the same day, a 7.56% drop, ending at 5,554.27 points. The benchmark index once plunged more than 9% intraday, triggering a circuit breaker for the 10th time this year. South Korea’s financial regulators convened an emergency meeting on the stock market in the afternoon, after which the market’s decline narrowed. SK Hynix closed down 11.06%, while Samsung Electronics fell 9.48%.
3 minutes ago
South Korean regulators will take firm action against market-disrupting activities.
South Korea’s regulatory authority has stated it will take stern measures to respond to market-disrupting acts, and will stand ready to activate emergency plans if necessary.
Semiconductor and storage sectors were broadly lower in U.S. pre-market trading, with SanDisk and Micron down more than 3% each, and SK Hynix ADR dropping 5%.
According to market data from BIT (bit.com), semiconductor and storage sectors are broadly lower in pre-market US trading: Seagate Technology (STX) down 3.4%; Western Digital (WDC) down 3.8%; SanDisk (SNDK) down 3.3%; Micron Technology (MU) down 3.03%; SK Hynix ADR down 5%; NVIDIA (NVDA) down 0.8%; Intel (INTC) down 0.95%; Advanced Micro Devices (AMD) down 1.84%.
16 minutes ago
A crypto whale transferred 5,170 ETH to Tornado Cash, valued at $12.82 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 5,147 ETH at an average price of $1,886.7 between August 12 and 13 transferred 5,170 ETH (valued at $12.82 million) to Tornado Cash five hours ago. The batch of tokens has an unrealized profit of $3.056 million, and the purpose of the transfer remains unknown.
16 minutes ago
Analysis: Bitcoin long-term holders have been generating consistent profits since 2023, with their current unrealized profit buffer reaching 72%.
Crypto market analyst Axel Adler Jr says on-chain data shows the average cost basis of Bitcoin long-term holders (LTHs) stands at $48,600, with the current price roughly 72% above that level. This group has remained in profit since January 2023, with its closest approach to the cost line coming in March 2023. The LTH average cost basis has fallen 1.7% since hitting a peak of $49,500 on July 30. Since August 1, 60 out of 74 days have recorded negative weekly changes, with the largest single-week drop hitting 0.34% on August 25, and the current reading standing at -0.06%. The analyst notes this decline remains moderate; a further drop would signal accelerating selling pressure, while a return to positive territory would mean long-term holders are resuming accumulation.
16 minutes ago
Binance will adjust leverage and margin tiers for multiple USDT-margined perpetual contracts.
Binance will update the leverage and margin tiers for U.S. dollar-margined perpetual contracts including BLURUSDT, VELODROMEUSDT, MOVRUSDT, COOKIEUSDT, CVCUSDT, BICOUSDT, ARKUSDT, RAREUSDT, STXUSDT, JASMYUSDT, WIFUSDT, LSKUSDT, PTBUSDT and LYNUSDT at 14:30 (GMT+8) on October 16, 2026. The update is scheduled to be completed within one hour.
16 minutes ago
Bybit CEO Announces Plans to Launch Tokenized Stocks mStocks, Supporting 24/7 Two-Way Conversion and DEX Trading
Bybit CEO Ben Zhou announced during the "Make Your Move" global keynote speech that Bybit will partner with Mantle to launch the tokenized stock product mStocks. The product is fully backed by real assets at a 1:1 ratio, supports 24/7 round-the-clock two-way conversion, and will enable all AMM liquidity pools in the Mantle ecosystem for users to trade via decentralized exchanges.
16 minutes ago
Bybit CEO: Bybit's stock trading will subsequently support collateral, lending, and broker position transfers.
Bybit CEO Ben Zhou announced the launch of Bybit Direct Stock during his "Make Your Move" global keynote speech. Users can directly hold and trade real stocks via Bybit, gaining access to over 1,000 trading pairs and assets from the US market, as well as full ownership of the underlying stocks. Ben Zhou noted that these stock assets will be held in the Unified Trading Account (UTA). Going forward, Bybit plans to further support stocks as trading collateral and roll out a stock lending service. Additionally, the platform will facilitate broker transfers, enabling users to move stocks held at brokers such as Futu and Moomoo to their Bybit accounts for custody.
According to an official announcement, Huobi HTX launched the MAR/USDT perpetual contract on October 9, supporting long and short positions with leverage ranging from 1x to 20x. Meanwhile, from now until 15:00 (UTC+8) on October 15, Huobi HTX is holding a new crypto contract trading contest. Users who complete registration, trade the event's designated contract, and meet the specified thresholds will be eligible to split a total prize pool of 1 billion HTX tokens.
SharpLink Gaming(@Sharplink) staked another 42,074 $ETH($112.8M) today. SharpLink now holds 892,127 $ETH($2.4B) and has earned 27,945 $ETH($75M) in staking rewards.
8 minutes ago
The cost of Instinct’s 10% daily growth: Computing power demand doubles weekly, and the founder spends 40% of their time figuring out how to procure it.
In a Beating AI Express report, Noah Shinn, founder of personal AI agent Instinct, said the company’s user base has grown by roughly 10% to 11% daily in recent weeks, with corresponding computing power demand nearly doubling weekly. He now spends around 40% of his time deciding how much computing power to purchase in advance. The challenge is that computing power cannot be bought on-demand to match user growth. Shinn crunched the numbers: buying just twice the current computing power would be exhausted in about a week; five times the current capacity would be used up in under three weeks; while purchasing ten times the current capacity would mean tying up a large sum of capital upfront. Many resources also require booking months in advance, and emergency computing power purchases can cost 3 to 4 times more. Even if Instinct’s daily growth rate drops from 10% to 5%–8%, Shinn estimates that after 3 to 4 months of sustained growth, the company may need to prepare computing power for a 100-million-user scale. The problem is that this timeline is exactly how long it takes for new computing power to come online. Buying too little cannot support growth, while buying too much leads to inflated costs if growth slows. Shinn believes this is more difficult than scaling for regular consumer internet products. When Instagram or Facebook double their user base, they mainly handle more requests; each new user of a personal AI agent also continuously consumes large amounts of model inference resources. He added that the scaling speed Instinct is currently facing is even faster than similar challenges encountered by Claude Code and Codex in the past.
8 minutes ago
Binance to Launch Multiple TradFi USDT-Margined Perpetual Contracts
Per an official announcement, Binance will gradually launch a range of TradFi USDT-margined perpetual contracts, including CRML/USDT, BWET/USDT, ACN/USDT, MP/USDT, SECZ/USDT, UNH/USDT, NKE/USDT, DE, and more.
8 minutes ago
Reserve Bank of Australia raises interest rates as scheduled, pushing the rate to a nearly 15-year high.
The Reserve Bank of Australia (RBA) raised interest rates by 25 basis points to 4.6%, in line with market expectations, pushing the rate to its highest level since November 2011.
8 minutes ago
Japan’s 40-year government bond auction records strongest demand since 2020.
Driven by relatively high yields attracting investors, Japan’s 40-year government bond auction drew its strongest demand since 2020. The bid-to-cover ratio for the auction stood at 3.1, up from 2.82 in the prior sale and above the 2.67 average over the past 12 months. Japanese government bond futures continued to rise after the auction, with the 40-year JGB yield last quoted at 4.23%. The bond sale comes as investors grow increasingly concerned that the Bank of Japan (BOJ) may be falling behind the curve on monetary tightening. BOJ Governor Kazuo Ueda, after delivering a widely expected interest rate hike earlier this month, failed to provide clear guidance on the pace of future hikes, stoking market expectations that the central bank may ultimately need to implement more aggressive rate increases.
8 minutes ago
Coinbase is accused of covering up losses exceeding $1 billion from a hack, with at least a dozen institutions affected.
Crypto hedge fund BlockTower Capital founder and CIO Ari Paul said that Coinbase "lost" roughly $25 million from his firm several years ago, an incident later revealed to be a cover-up for multiple large-scale hacks, with the funds still unrepaid to date. Paul also claimed that at least a dozen affected institutions have been identified, with the total amount concealed exceeding $1 billion, though he cannot disclose more details due to multiple ongoing legal proceedings. In response, Coinbase’s official customer support account has contacted Paul to arrange a private conversation, and the platform has not yet issued any further public response.
Opinion: The practicality of liquidation heatmaps is vastly overestimated, and they should not play a major role in trading systems.
Benson Sun, founder of Coinkarma, says the practical value of liquidation heatmaps is vastly overestimated. Many traders now spot a large cluster of liquidations at a certain price level and immediately interpret it as "the price will definitely go to sweep this area". However, liquidation charts themselves rely heavily on assumptions. Most liquidation heatmaps work by taking historical market trading data and plugging in a set of hypothetical leverage multiples—such as 5x, 10x, 20x, 30x, and 50x—to reverse-engineer the price levels where those positions "might" be liquidated after trading. As a result, the dense liquidation zones users see do not actually represent an identical number of positions waiting to be liquidated there; too many variables are at play. Those traders may have already exited their positions. Some may add to their positions, some may reduce them, and others may top up margin. As long as position size, margin, or average cost changes, the liquidation heatmap shifts. The longer the time frame, the larger this error becomes. Therefore, the most useful window for liquidation heatmaps is roughly the last 24 hours to 3 days. Using liquidation clusters from 7 days, 30 days, or even months ago as current "magnet price levels" is meaningless. Liquidation heatmaps can serve as auxiliary information for short-term market structure analysis, but they should not play a major role in a trading system, as they easily create a false sense of certainty. There will always be liquidation clusters above and below the price. When prices rise, it is said they will first sweep the short positions above; when prices fall, it is said they will first sweep the long positions below; if prices fall first then rise, it is said they will first sweep longs then shorts. In any case, there is an after-the-fact explanation, and it is hard to falsify beforehand—this makes it not an analytical tool, but pure pseudoscience.
16 minutes ago
The yield on the 10-year U.S. Treasury note climbed to 5.234%, marking its highest level since mid-2007.
According to market data from BIT (bit.com), the U.S. 10-year Treasury yield has risen to 5.234%, hitting its highest level since mid-2007. The 30-year Treasury yield climbed to 5.542%, the highest since 2004. This indicates a significant rise in the market’s pricing of long-term risk, with growing concerns over persistent inflation, the Federal Reserve’s maintenance of high interest rates, as well as massive fiscal deficits and debt sustainability. Long-term borrowing costs for governments, corporations and consumers have been pushed up, which typically suppresses stock market valuations, tightens global financial conditions, and may curb economic growth to some extent. For more analysis, see the article "U.S. Long and Short-Term Treasury Yield Curves Nearing Inversion: Is a Recession Precursor Signal Activated?"
16 minutes ago
OKX's Flash Earn Lite adds Tether USDT; subscribe to ETH to share the 400,000 USDT reward pool.
Official announcement: OKX Flash Earn Lite will launch a Tether USDT "Stake-to-Earn" campaign from 15:00 UTC+8 on September 29, 2026 to 15:00 UTC+8 on October 4, 2026. During the event, users who subscribe ETH will be eligible to split a total of 400,000 USDT in airdrop rewards, with a minimum subscription threshold of 0.01 ETH. Pre-subscriptions will open at 15:00 UTC+8 on September 28. Users will earn simple interest during the pre-subscription period, while USDT airdrop rewards will be calculated from the official start of the event. Rewards are accrued hourly, and users can redeem their funds at any time; any ETH not actively redeemed after the event concludes will automatically continue to be subscribed to OKX's simple earning products.
16 minutes ago
Kimi K3.1 is reportedly in the backend deployment stage: Kimi-K3-1 has passed call tests, bringing it one step closer to its official release.
News flash from Dongcha Beating AI: AI model evaluation account Lumina said it discovered 'kimi-k3-1' in an official product model list from Kimi. Lumina subsequently tested each model individually; all other invalid models returned errors, while kimi-k3-1 was recognized by the backend and accepted requests.
16 minutes ago
Community members disclosed that the Compound Foundation misappropriated v2 DAI reserves.
Compound community member ugurmersin has alleged that the Compound Foundation misappropriated its v2 DAI reserves. According to ugurmersin, Proposal 536 submitted in February this year allocated approximately 8.42 million DAI to the Foundation for custody, with strict restrictions: the funds must be used solely for protocol operations, not for speculative trading, remain the property of the DAO, and cannot be used for the Foundation’s own expenditures. On-chain records show that the funds were transferred to a trading platform, exchanged for around 344,800 COMP, and delegated to the Foundation’s voting address roughly 58 minutes before the deadlines of Proposals 580 and 582. ugurmersin claims this move was intended to push nearly all DAO funds into TMC and pass a roughly $52 million V4 proposal favorable to the Foundation, while multiple parties publicly referred to the funds as "liquidity DAI" throughout the process. The Compound Foundation has not yet responded to the allegations.
16 minutes ago
Binance to List 5 New Stock Trading Assets Including BRUN
Binance’s stock trading will launch five new assets at 21:30 today, namely Boost Run (BRUN), Greenland Mines (GRML), Octave Intelligence (OCTV), StablecoinX (USDE), and Wise Group (WSE). Following the completion of trading and settlement (T+1 trading day), these stocks will qualify for Full Payment Securities Lending (FPSL).
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PANews reported on September 23 that during the seventh session of the Huobi Master Lecture live stream, HTX Research asset analyst WZ pointed out that people used to explain Crypto with Crypto, but today, the variables determining Crypto's next market move are increasingly occurring outside of Crypto. This is also the new pricing cycle that Crypto is entering.
On the policy front, WZ believes that although the Clarity Act, which features a systematic framework, has been blocked in the Senate vote due to issues such as the need to win bipartisan votes, the involvement of the Trump family's interests, and the distribution of stablecoin interests, U.S. crypto regulation has not stalled. For example, the SEC recently released an "innovation exemption" plan that allows qualified compliant institutions to tokenize specific stocks, accelerating the integration of traditional finance and crypto.
On the macro front, WZ stated that the situation in the Middle East and the risk of blockage in the Strait of Hormuz have pushed up the "risk premium" on crude oil. Rising oil prices will trigger inflation expectations, which in turn affect U.S. Treasury yields and global liquidity. When energy prices remain persistently high and interest rates stay elevated, the upside potential of risk assets such as Bitcoin may be constrained.
WZ also pointed out that in this cycle, the direct inflows and outflows of ETF funds have changed the traditional logic of capital spillover, making a broad-based rally across altcoins difficult to materialize. However, under the new cycle, assets with "new narratives" and strong consensus will still stage independent upward moves.
According to an official announcement, Huobi HTX launched perpetual contracts for AMZU/USDT, IBIT/USDT, and CONL/USDT on September 21, supporting long and short operations with leverage ranging from 1x to 20x.
PANews, September 17 - Regarding the Federal Reserve's expected 25 basis point rate hike at its September FOMC meeting, Huobi HTX Chief Analyst Andy pointed out that the truly noteworthy aspect is the Fed's comprehensive hawkish shift. In a rare show of unanimity, all 12 officials voted in favor, and the dot plot clearly points to another rate hike within the year, tightening having become a consensus.
The core signal from the meeting is that the Fed is rebuilding its anti-inflation credibility at all costs. The Summary of Economic Projections raised growth forecasts and lowered unemployment rates, reflecting confidence in a soft landing; however, the path for core inflation to decline has been significantly delayed, indicating that leadership has accepted the reality of "higher for longer." Chairman Warsh's remarks were particularly critical, prioritizing anti-inflation above all else. Even though the current economic fundamentals are solid and oil price disturbances are supply-side factors, the Fed still chose to respond with a tightening stance. This "better too tight than too loose" position has pushed up U.S. Treasury yields and the dollar in the short term, suppressing gold.
For the crypto market, uncertainty has instead decreased. A clearer policy path helps compress risk premiums, which is not a bad thing for risk assets in the medium to long term. The key going forward lies in data verification: if employment and growth remain strong, rate hikes may continue but at a slower pace; if the economy shows cracks, room for policy reversal still exists. Overall, the Fed is trading short-term pain for long-term policy credibility.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
$EDEL Surges After Edel Joins DTC Digital Asset Working Group as Whales Accumulate Nearly 8M $EDEL
After @edeldotfinance joined the DTC Digital Asset Solutions Industry Working Group, $EDEL surged. Whales have also been accumulating $EDEL recently. ezhomi.base.eth bought 5.33M $EDEL ($98K) over the past 4 days. 0xE50b bought 2.56M $EDEL ($48K) over the past 2 days.
12 minutes ago
Three major AI giants have collectively called for a slowdown in AI development, but Trump directly rejected the call, stating: "Whoever wins AI will win"
Breaking news from Beating AI Insight: After Dario Amodei, Sam Altman, and Elon Musk successively called for slowing down frontier AI development, Donald Trump has explicitly rejected such appeals. He acknowledged that safety guardrails could be added to AI, but argued that many catastrophic predictions will never come to pass. Trump stated that the U.S. is currently ahead of China in AI and hopes to maintain that lead. "Whoever wins the AI race wins everything," he said. He also criticized that many "negative forces" are hyping things that will never happen.
12 minutes ago
Alleged Gen Z trader 0xRay518 has been steadily adding to short positions in PONS and SNDK recently, and trimmed his Bitcoin short position this morning to lock in profits.
According to monitoring by TradingBeats (formerly Hyperinsight), 0xRay518, a prominent post-2000s crypto trader, added short positions in PONS and SNDK over the weekend. As of press time, the address holds $13.46 million worth of 10x SNDK shorts and $3.62 million worth of 3x PONS shorts, making it the second-largest short position holder on Hyperliquid. Separately, 0xRay518 cut his Bitcoin short position by 49.12 BTC this morning, and still holds $81.52 million worth of 20x Bitcoin shorts. Public records show 0xRay518 launched his investment career at 14 in 2020, trading shipping stocks with $3,000 in New Year’s lucky money, peaking at roughly $300,000 in profits before nearly blowing his account due to high leverage. Between 2021 and 2022, he pivoted to NFTs and crypto airdrops, earning his first substantial fortune from the Arbitrum airdrop. In 2025, he abandoned his mid-year high school senior exam halfway, went all-in with $1 million on TRUMP coin on the side, and exited with a 3x to 4x profit.
12 minutes ago
Binance will support the USDT contract swap on the Optimism network.
Binance will suspend Optimism network USDT deposits and withdrawals at 02:00 UTC on September 17, 2026, to support the token swap. The swap has a 1:1 ratio: the new token will be named USDT0, while the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services remain unaffected.
12 minutes ago
Doubao Mobile Assistant Officially Launches: GUI Operation App Remains, App Can Reject AI Operations
Beating AI News: Doubao Officially Launches Consumer Version of Its Mobile Assistant. It remains an AI assistant software that operates in collaboration with mobile manufacturers at the system level. The first mass-produced device, nubia NaviX Ultra, was previously announced and is set to launch and go on sale on September 16. The "phone operation" feature, which sparked the most controversy earlier, has not been scrapped and remains in Beta form. Doubao also launched the SAEP (Screen Automation Operation Declaration Protocol), allowing third-party apps to set their own rules on whether the AI can perform screen reading, tapping, and operations within their apps; if an app explicitly refuses, Doubao will not proceed with automated operations. In July, LatePost reported that the new generation of Doubao mobile assistant would no longer directly operate super apps like Alibaba and Tencent via GUI. Only when these apps proactively open MCP services can Doubao call their relevant data and functions. MCP refers to interfaces that apps proactively open for Doubao, while SAEP governs the scope of operations developers allow Doubao to perform when interacting with apps via screen reading and simulated taps. Both mechanisms are now in place simultaneously.
12 minutes ago
Bonk Guy’s shilling of the Arc Chain Launchpad platform has sparked criticism, with the platform facing accusations of holding rug pull privileges.
Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.
$EDEL Surges After Edel Joins DTC Digital Asset Working Group as Whales Accumulate Nearly 8M $EDEL
After @edeldotfinance joined the DTC Digital Asset Solutions Industry Working Group, $EDEL surged. Whales have also been accumulating $EDEL recently. ezhomi.base.eth bought 5.33M $EDEL ($98K) over the past 4 days. 0xE50b bought 2.56M $EDEL ($48K) over the past 2 days.
12 minutes ago
Three major AI giants have collectively called for a slowdown in AI development, but Trump directly rejected the call, stating: "Whoever wins AI will win"
Breaking news from Beating AI Insight: After Dario Amodei, Sam Altman, and Elon Musk successively called for slowing down frontier AI development, Donald Trump has explicitly rejected such appeals. He acknowledged that safety guardrails could be added to AI, but argued that many catastrophic predictions will never come to pass. Trump stated that the U.S. is currently ahead of China in AI and hopes to maintain that lead. "Whoever wins the AI race wins everything," he said. He also criticized that many "negative forces" are hyping things that will never happen.
12 minutes ago
Alleged Gen Z trader 0xRay518 has been steadily adding to short positions in PONS and SNDK recently, and trimmed his Bitcoin short position this morning to lock in profits.
According to monitoring by TradingBeats (formerly Hyperinsight), 0xRay518, a prominent post-2000s crypto trader, added short positions in PONS and SNDK over the weekend. As of press time, the address holds $13.46 million worth of 10x SNDK shorts and $3.62 million worth of 3x PONS shorts, making it the second-largest short position holder on Hyperliquid. Separately, 0xRay518 cut his Bitcoin short position by 49.12 BTC this morning, and still holds $81.52 million worth of 20x Bitcoin shorts. Public records show 0xRay518 launched his investment career at 14 in 2020, trading shipping stocks with $3,000 in New Year’s lucky money, peaking at roughly $300,000 in profits before nearly blowing his account due to high leverage. Between 2021 and 2022, he pivoted to NFTs and crypto airdrops, earning his first substantial fortune from the Arbitrum airdrop. In 2025, he abandoned his mid-year high school senior exam halfway, went all-in with $1 million on TRUMP coin on the side, and exited with a 3x to 4x profit.
12 minutes ago
Binance will support the USDT contract swap on the Optimism network.
Binance will suspend Optimism network USDT deposits and withdrawals at 02:00 UTC on September 17, 2026, to support the token swap. The swap has a 1:1 ratio: the new token will be named USDT0, while the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services remain unaffected.
12 minutes ago
Doubao Mobile Assistant Officially Launches: GUI Operation App Remains, App Can Reject AI Operations
Beating AI News: Doubao Officially Launches Consumer Version of Its Mobile Assistant. It remains an AI assistant software that operates in collaboration with mobile manufacturers at the system level. The first mass-produced device, nubia NaviX Ultra, was previously announced and is set to launch and go on sale on September 16. The "phone operation" feature, which sparked the most controversy earlier, has not been scrapped and remains in Beta form. Doubao also launched the SAEP (Screen Automation Operation Declaration Protocol), allowing third-party apps to set their own rules on whether the AI can perform screen reading, tapping, and operations within their apps; if an app explicitly refuses, Doubao will not proceed with automated operations. In July, LatePost reported that the new generation of Doubao mobile assistant would no longer directly operate super apps like Alibaba and Tencent via GUI. Only when these apps proactively open MCP services can Doubao call their relevant data and functions. MCP refers to interfaces that apps proactively open for Doubao, while SAEP governs the scope of operations developers allow Doubao to perform when interacting with apps via screen reading and simulated taps. Both mechanisms are now in place simultaneously.
12 minutes ago
Bonk Guy’s shilling of the Arc Chain Launchpad platform has sparked criticism, with the platform facing accusations of holding rug pull privileges.
Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.
$EDEL Surges After Edel Joins DTC Digital Asset Working Group as Whales Accumulate Nearly 8M $EDEL
After @edeldotfinance joined the DTC Digital Asset Solutions Industry Working Group, $EDEL surged. Whales have also been accumulating $EDEL recently. ezhomi.base.eth bought 5.33M $EDEL ($98K) over the past 4 days. 0xE50b bought 2.56M $EDEL ($48K) over the past 2 days.
12 minutes ago
Three major AI giants have collectively called for a slowdown in AI development, but Trump directly rejected the call, stating: "Whoever wins AI will win"
Breaking news from Beating AI Insight: After Dario Amodei, Sam Altman, and Elon Musk successively called for slowing down frontier AI development, Donald Trump has explicitly rejected such appeals. He acknowledged that safety guardrails could be added to AI, but argued that many catastrophic predictions will never come to pass. Trump stated that the U.S. is currently ahead of China in AI and hopes to maintain that lead. "Whoever wins the AI race wins everything," he said. He also criticized that many "negative forces" are hyping things that will never happen.
12 minutes ago
Alleged Gen Z trader 0xRay518 has been steadily adding to short positions in PONS and SNDK recently, and trimmed his Bitcoin short position this morning to lock in profits.
According to monitoring by TradingBeats (formerly Hyperinsight), 0xRay518, a prominent post-2000s crypto trader, added short positions in PONS and SNDK over the weekend. As of press time, the address holds $13.46 million worth of 10x SNDK shorts and $3.62 million worth of 3x PONS shorts, making it the second-largest short position holder on Hyperliquid. Separately, 0xRay518 cut his Bitcoin short position by 49.12 BTC this morning, and still holds $81.52 million worth of 20x Bitcoin shorts. Public records show 0xRay518 launched his investment career at 14 in 2020, trading shipping stocks with $3,000 in New Year’s lucky money, peaking at roughly $300,000 in profits before nearly blowing his account due to high leverage. Between 2021 and 2022, he pivoted to NFTs and crypto airdrops, earning his first substantial fortune from the Arbitrum airdrop. In 2025, he abandoned his mid-year high school senior exam halfway, went all-in with $1 million on TRUMP coin on the side, and exited with a 3x to 4x profit.
12 minutes ago
Binance will support the USDT contract swap on the Optimism network.
Binance will suspend Optimism network USDT deposits and withdrawals at 02:00 UTC on September 17, 2026, to support the token swap. The swap has a 1:1 ratio: the new token will be named USDT0, while the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services remain unaffected.
12 minutes ago
Doubao Mobile Assistant Officially Launches: GUI Operation App Remains, App Can Reject AI Operations
Beating AI News: Doubao Officially Launches Consumer Version of Its Mobile Assistant. It remains an AI assistant software that operates in collaboration with mobile manufacturers at the system level. The first mass-produced device, nubia NaviX Ultra, was previously announced and is set to launch and go on sale on September 16. The "phone operation" feature, which sparked the most controversy earlier, has not been scrapped and remains in Beta form. Doubao also launched the SAEP (Screen Automation Operation Declaration Protocol), allowing third-party apps to set their own rules on whether the AI can perform screen reading, tapping, and operations within their apps; if an app explicitly refuses, Doubao will not proceed with automated operations. In July, LatePost reported that the new generation of Doubao mobile assistant would no longer directly operate super apps like Alibaba and Tencent via GUI. Only when these apps proactively open MCP services can Doubao call their relevant data and functions. MCP refers to interfaces that apps proactively open for Doubao, while SAEP governs the scope of operations developers allow Doubao to perform when interacting with apps via screen reading and simulated taps. Both mechanisms are now in place simultaneously.
12 minutes ago
Bonk Guy’s shilling of the Arc Chain Launchpad platform has sparked criticism, with the platform facing accusations of holding rug pull privileges.
Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.
$EDEL Surges After Edel Joins DTC Digital Asset Working Group as Whales Accumulate Nearly 8M $EDEL
After @edeldotfinance joined the DTC Digital Asset Solutions Industry Working Group, $EDEL surged. Whales have also been accumulating $EDEL recently. ezhomi.base.eth bought 5.33M $EDEL ($98K) over the past 4 days. 0xE50b bought 2.56M $EDEL ($48K) over the past 2 days.
12 minutes ago
Three major AI giants have collectively called for a slowdown in AI development, but Trump directly rejected the call, stating: "Whoever wins AI will win"
Breaking news from Beating AI Insight: After Dario Amodei, Sam Altman, and Elon Musk successively called for slowing down frontier AI development, Donald Trump has explicitly rejected such appeals. He acknowledged that safety guardrails could be added to AI, but argued that many catastrophic predictions will never come to pass. Trump stated that the U.S. is currently ahead of China in AI and hopes to maintain that lead. "Whoever wins the AI race wins everything," he said. He also criticized that many "negative forces" are hyping things that will never happen.
12 minutes ago
Alleged Gen Z trader 0xRay518 has been steadily adding to short positions in PONS and SNDK recently, and trimmed his Bitcoin short position this morning to lock in profits.
According to monitoring by TradingBeats (formerly Hyperinsight), 0xRay518, a prominent post-2000s crypto trader, added short positions in PONS and SNDK over the weekend. As of press time, the address holds $13.46 million worth of 10x SNDK shorts and $3.62 million worth of 3x PONS shorts, making it the second-largest short position holder on Hyperliquid. Separately, 0xRay518 cut his Bitcoin short position by 49.12 BTC this morning, and still holds $81.52 million worth of 20x Bitcoin shorts. Public records show 0xRay518 launched his investment career at 14 in 2020, trading shipping stocks with $3,000 in New Year’s lucky money, peaking at roughly $300,000 in profits before nearly blowing his account due to high leverage. Between 2021 and 2022, he pivoted to NFTs and crypto airdrops, earning his first substantial fortune from the Arbitrum airdrop. In 2025, he abandoned his mid-year high school senior exam halfway, went all-in with $1 million on TRUMP coin on the side, and exited with a 3x to 4x profit.
12 minutes ago
Binance will support the USDT contract swap on the Optimism network.
Binance will suspend Optimism network USDT deposits and withdrawals at 02:00 UTC on September 17, 2026, to support the token swap. The swap has a 1:1 ratio: the new token will be named USDT0, while the old token will be renamed OPUSDTE. Spot, margin, futures trading, and Binance Earn services remain unaffected.
12 minutes ago
Doubao Mobile Assistant Officially Launches: GUI Operation App Remains, App Can Reject AI Operations
Beating AI News: Doubao Officially Launches Consumer Version of Its Mobile Assistant. It remains an AI assistant software that operates in collaboration with mobile manufacturers at the system level. The first mass-produced device, nubia NaviX Ultra, was previously announced and is set to launch and go on sale on September 16. The "phone operation" feature, which sparked the most controversy earlier, has not been scrapped and remains in Beta form. Doubao also launched the SAEP (Screen Automation Operation Declaration Protocol), allowing third-party apps to set their own rules on whether the AI can perform screen reading, tapping, and operations within their apps; if an app explicitly refuses, Doubao will not proceed with automated operations. In July, LatePost reported that the new generation of Doubao mobile assistant would no longer directly operate super apps like Alibaba and Tencent via GUI. Only when these apps proactively open MCP services can Doubao call their relevant data and functions. MCP refers to interfaces that apps proactively open for Doubao, while SAEP governs the scope of operations developers allow Doubao to perform when interacting with apps via screen reading and simulated taps. Both mechanisms are now in place simultaneously.
12 minutes ago
Bonk Guy’s shilling of the Arc Chain Launchpad platform has sparked criticism, with the platform facing accusations of holding rug pull privileges.
Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Long.xyz Founder: OpenAI and Anthropic-linked liquidity pool products have been a massive success, with plans to next expand AI-related trading pairs and boost overall TVL.
Robinhood-linked crypto and meme coin issuance platform Long.xyz founder Nate published a post summarizing the performance of its latest version: Pre-IPO trading pools for OpenAI and Anthropic have attracted roughly $1 million in deposits, with 24-hour trading volumes reaching $18.1 million and $14.6 million respectively. Pool data shows the OpenAI pool has a Total Value Locked (TVL) of $215,300 and an Annual Percentage Rate (APR) as high as 15193.60%, while the Anthropic pool has a TVL of $301,700 and an APR of 9583.99%. The synchronization between pool prices and Lighter_xyz perpetual contract Net Asset Value (NAV) has improved significantly. Nate stated this is the largest launch to date; next steps will include launching liquidity for AI-related trading pairs, increasing overall TVL, and expanding the open pairing model to more top trading pairs on the LONG platform. Today, Long.xyz launched OpenAI and Anthropic Pre-IPO trading pairs, with related contracts powered by Lighter. Meme coins CATGPT and ANTHROPIG paired with these assets have gained market popularity, seeing active trading that spiked briefly before pulling back.
16 minutes ago
Analysis: Bitcoin sentiment indicator hits a two-year high, market frenzy is cooling down.
CryptoQuant analyst Darkfost stated that Bitcoin’s recent rally has lifted investor sentiment to its strongest level since March 2024. The market sentiment metric he tracked once surged above 89/100, entering the "extreme greed" territory. This indicator integrates multiple data points including the Fear & Greed Index, with a scale spanning -100 to +100, where -100 corresponds to extreme fear and +100 to extreme greed. Darkfost pointed out that extremely bullish or bearish market sentiment typically signals a potential trend inflection point. Currently, as prior market euphoria gradually recedes, the sentiment metric is cooling to a more normal level, while Bitcoin continues to struggle to defend its current price range.
16 minutes ago
Micron issues a generous maximum bonus of up to 68 months' salary; the labor union in Taiwan, China still threatens to strike.
Micron Technology announced it will distribute record 2026 fiscal year bonuses to its employees in Taiwan, China, with some staff receiving bonuses equivalent to up to 68 months of salary, and the minimum cash compensation reaching 1.7 million New Taiwan Dollars (approximately $53,800). Entry-level engineers are set to receive an average total bonus of around 3.4 million New Taiwan Dollars, plus annual equity grants. However, the Taoyuan Union, which represents roughly two-thirds of Micron’s workforce in Taiwan, China, still rejects the current plan, insisting that 15% of the company’s operating profit be allocated to employee bonuses. The union added that it will proceed with strike procedures if Micron does not respond to its demands. Micron currently employs about 15,000 people in Taiwan, China, with cumulative investments exceeding 1.6 trillion New Taiwan Dollars. The increased bonus payouts are widely viewed as tied to the profit-sharing mechanisms of South Korean memory chip makers. This year, Samsung Electronics, under pressure from union strikes, ultimately agreed to establish a special bonus pool equal to 10.5% of its semiconductor division’s operating profit. As labor negotiations between Micron and its staff in Taiwan, China enter a critical phase, a potential full-scale strike could disrupt Micron’s production schedule and further roil the global memory chip supply.
16 minutes ago
Dell surges 12% in a single day to reach an all-time high, as Oracle named it a core supplier for its $95 billion AI spending.
Oracle management explicitly stated during its earnings call that its fiscal 2027 capital expenditure (capex) of $90 billion to $95 billion will be focused on expanding AI data centers, naming suppliers including Dell and HPE. Boosted by this news, Dell Technologies’ U.S. stock surged 11.98% on Friday, hitting a record high, with its market capitalization exceeding $360 billion, bringing its year-to-date gain to nearly 350%. Oracle previously disclosed that its fiscal 2027 capex will increase significantly, primarily for purchasing AI server racks, liquid cooling systems, and networking equipment. Meanwhile, the company’s AI cloud orders continue to grow, further boosting visibility for Dell’s future AI server orders. RBC Capital initiated coverage on Dell and assigned it an "Outperform" rating, noting the company will continue to benefit from the multi-year AI infrastructure investment cycle, and highlighting its supply chain capabilities as a competitive moat. Dell currently has over 6,500 AI server customers; its AI server revenue hit $16.4 billion in the second quarter, up 100% year-over-year, with AI server backlog reaching $95 billion at the end of the quarter. As cloud providers like Oracle continue to ramp up AI infrastructure investments, Dell is emerging as a key beneficiary of the current AI capex expansion cycle.
16 minutes ago
As oil prices top $100, the BRICS Summit has centered on Iran, yet divisions among its members have deepened.
The BRICS Leaders' Summit was held in New Delhi, India. As the ongoing conflict involving Iran continues to disrupt the Strait of Hormuz and Red Sea, and international oil prices have topped $100, Iran emerged as one of the core topics at this year's summit. Member states including China, Russia and India have direct communication channels with Iran, a diplomatic advantage the U.S. currently lacks. Iranian President Masoud Pezeshkian called on member states ahead of the summit to establish alternative financial instruments to reduce reliance on the Western-led financial system, and criticized the U.S.-dominated global order. Russian President Vladimir Putin, meanwhile, advocated for advancing the establishment of a BRICS platform more independent from Western rules, with a focus on strengthening cooperation in payments, investment, technology and infrastructure. However, it will not be easy for BRICS to position itself as a mediator in the Middle East crisis. Iran is on opposing sides of a conflict with the United Arab Emirates (UAE), another BRICS member, which has previously suspended trade and financial exchanges with Iran; India, meanwhile, must balance its relations with the U.S., Gulf states, Russia and Iran. Divergences among member states previously led to the foreign ministers' meeting failing to issue a joint statement. What the market is currently more focused on is whether BRICS can reach a minimal consensus on energy security, cross-border payments and the Middle East situation. With ongoing disruptions to shipping in the Strait of Hormuz, whether the summit can ultimately deliver a unified stance will also serve as an important window for observing global energy and geopolitical trends.
16 minutes ago
Viewpoint: The Federal Reserve’s interest rate hikes are fundamentally unnecessary, and the overall economy is stable.
Liz Miller, founder and president of U.S. wealth management firm Summit Place Financial Advisors, said that while markets widely expect the Federal Reserve to raise interest rates next week, further policy tightening is "fundamentally unnecessary" given the overall economic stability. Miller noted, "I think most investors believe the Fed will raise rates next week, and I also think that’s highly probable. But it’s fundamentally unnecessary. I’d be interested to hear the discussions at the policy meeting, as some Fed officials firmly believe action is needed before overall inflation picks up to push it back to the 2% target. However, if we take a patient view of other parts of the economy, they are actually performing quite stably. I’m not sure a broad rate hike is truly necessary. We can continue to monitor whether rising oil prices will spill over and watch core inflation gradually fall."
Long.xyz Founder: OpenAI and Anthropic-linked liquidity pool products have been a massive success, with plans to next expand AI-related trading pairs and boost overall TVL.
Robinhood-linked crypto and meme coin issuance platform Long.xyz founder Nate published a post summarizing the performance of its latest version: Pre-IPO trading pools for OpenAI and Anthropic have attracted roughly $1 million in deposits, with 24-hour trading volumes reaching $18.1 million and $14.6 million respectively. Pool data shows the OpenAI pool has a Total Value Locked (TVL) of $215,300 and an Annual Percentage Rate (APR) as high as 15193.60%, while the Anthropic pool has a TVL of $301,700 and an APR of 9583.99%. The synchronization between pool prices and Lighter_xyz perpetual contract Net Asset Value (NAV) has improved significantly. Nate stated this is the largest launch to date; next steps will include launching liquidity for AI-related trading pairs, increasing overall TVL, and expanding the open pairing model to more top trading pairs on the LONG platform. Today, Long.xyz launched OpenAI and Anthropic Pre-IPO trading pairs, with related contracts powered by Lighter. Meme coins CATGPT and ANTHROPIG paired with these assets have gained market popularity, seeing active trading that spiked briefly before pulling back.
16 minutes ago
Analysis: Bitcoin sentiment indicator hits a two-year high, market frenzy is cooling down.
CryptoQuant analyst Darkfost stated that Bitcoin’s recent rally has lifted investor sentiment to its strongest level since March 2024. The market sentiment metric he tracked once surged above 89/100, entering the "extreme greed" territory. This indicator integrates multiple data points including the Fear & Greed Index, with a scale spanning -100 to +100, where -100 corresponds to extreme fear and +100 to extreme greed. Darkfost pointed out that extremely bullish or bearish market sentiment typically signals a potential trend inflection point. Currently, as prior market euphoria gradually recedes, the sentiment metric is cooling to a more normal level, while Bitcoin continues to struggle to defend its current price range.
16 minutes ago
Micron issues a generous maximum bonus of up to 68 months' salary; the labor union in Taiwan, China still threatens to strike.
Micron Technology announced it will distribute record 2026 fiscal year bonuses to its employees in Taiwan, China, with some staff receiving bonuses equivalent to up to 68 months of salary, and the minimum cash compensation reaching 1.7 million New Taiwan Dollars (approximately $53,800). Entry-level engineers are set to receive an average total bonus of around 3.4 million New Taiwan Dollars, plus annual equity grants. However, the Taoyuan Union, which represents roughly two-thirds of Micron’s workforce in Taiwan, China, still rejects the current plan, insisting that 15% of the company’s operating profit be allocated to employee bonuses. The union added that it will proceed with strike procedures if Micron does not respond to its demands. Micron currently employs about 15,000 people in Taiwan, China, with cumulative investments exceeding 1.6 trillion New Taiwan Dollars. The increased bonus payouts are widely viewed as tied to the profit-sharing mechanisms of South Korean memory chip makers. This year, Samsung Electronics, under pressure from union strikes, ultimately agreed to establish a special bonus pool equal to 10.5% of its semiconductor division’s operating profit. As labor negotiations between Micron and its staff in Taiwan, China enter a critical phase, a potential full-scale strike could disrupt Micron’s production schedule and further roil the global memory chip supply.
16 minutes ago
Dell surges 12% in a single day to reach an all-time high, as Oracle named it a core supplier for its $95 billion AI spending.
Oracle management explicitly stated during its earnings call that its fiscal 2027 capital expenditure (capex) of $90 billion to $95 billion will be focused on expanding AI data centers, naming suppliers including Dell and HPE. Boosted by this news, Dell Technologies’ U.S. stock surged 11.98% on Friday, hitting a record high, with its market capitalization exceeding $360 billion, bringing its year-to-date gain to nearly 350%. Oracle previously disclosed that its fiscal 2027 capex will increase significantly, primarily for purchasing AI server racks, liquid cooling systems, and networking equipment. Meanwhile, the company’s AI cloud orders continue to grow, further boosting visibility for Dell’s future AI server orders. RBC Capital initiated coverage on Dell and assigned it an "Outperform" rating, noting the company will continue to benefit from the multi-year AI infrastructure investment cycle, and highlighting its supply chain capabilities as a competitive moat. Dell currently has over 6,500 AI server customers; its AI server revenue hit $16.4 billion in the second quarter, up 100% year-over-year, with AI server backlog reaching $95 billion at the end of the quarter. As cloud providers like Oracle continue to ramp up AI infrastructure investments, Dell is emerging as a key beneficiary of the current AI capex expansion cycle.
16 minutes ago
As oil prices top $100, the BRICS Summit has centered on Iran, yet divisions among its members have deepened.
The BRICS Leaders' Summit was held in New Delhi, India. As the ongoing conflict involving Iran continues to disrupt the Strait of Hormuz and Red Sea, and international oil prices have topped $100, Iran emerged as one of the core topics at this year's summit. Member states including China, Russia and India have direct communication channels with Iran, a diplomatic advantage the U.S. currently lacks. Iranian President Masoud Pezeshkian called on member states ahead of the summit to establish alternative financial instruments to reduce reliance on the Western-led financial system, and criticized the U.S.-dominated global order. Russian President Vladimir Putin, meanwhile, advocated for advancing the establishment of a BRICS platform more independent from Western rules, with a focus on strengthening cooperation in payments, investment, technology and infrastructure. However, it will not be easy for BRICS to position itself as a mediator in the Middle East crisis. Iran is on opposing sides of a conflict with the United Arab Emirates (UAE), another BRICS member, which has previously suspended trade and financial exchanges with Iran; India, meanwhile, must balance its relations with the U.S., Gulf states, Russia and Iran. Divergences among member states previously led to the foreign ministers' meeting failing to issue a joint statement. What the market is currently more focused on is whether BRICS can reach a minimal consensus on energy security, cross-border payments and the Middle East situation. With ongoing disruptions to shipping in the Strait of Hormuz, whether the summit can ultimately deliver a unified stance will also serve as an important window for observing global energy and geopolitical trends.
16 minutes ago
Viewpoint: The Federal Reserve’s interest rate hikes are fundamentally unnecessary, and the overall economy is stable.
Liz Miller, founder and president of U.S. wealth management firm Summit Place Financial Advisors, said that while markets widely expect the Federal Reserve to raise interest rates next week, further policy tightening is "fundamentally unnecessary" given the overall economic stability. Miller noted, "I think most investors believe the Fed will raise rates next week, and I also think that’s highly probable. But it’s fundamentally unnecessary. I’d be interested to hear the discussions at the policy meeting, as some Fed officials firmly believe action is needed before overall inflation picks up to push it back to the 2% target. However, if we take a patient view of other parts of the economy, they are actually performing quite stably. I’m not sure a broad rate hike is truly necessary. We can continue to monitor whether rising oil prices will spill over and watch core inflation gradually fall."
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Cryptocurrency exchange Huobi HTX has launched perpetual futures contracts for three new assets. According to the exchange’s official announcement on September 11th, CIFR/USDT, APD/USDT, and ASX/USDT perpetual futures contracts are now available for trading on the platform.
Under the new contracts, users will be able to open both long and short positions in these assets. Huobi HTX allows leverage between 1x and 20x in trades. This allows investors to take positions for price increases or decreases depending on market expectations.
The addition of new futures products stands out as part of Huobi HTX’s strategy to expand its derivatives portfolio. Perpetual futures contracts are among the most frequently used derivatives in the cryptocurrency markets due to their lack of a fixed expiration date.
The exchange also announced that it has launched a special trading competition in parallel with the launch of the new contracts. The campaign started on September 11 and will continue until 3:00 PM on September 15.
Users wishing to participate in the event must first complete the registration process and then trade in futures contracts for the assets included in the campaign. Users who meet the specified trading conditions and thresholds will have the opportunity to share in the prize pool of a total of 1 billion HTX tokens.
Huobi HTX stated that the rewards under the campaign will be distributed among users who meet the specified participation and trading criteria. Trading volume and user interest in the new contracts are expected to be monitored in the coming days. Given the high risk involved in leveraged trading, it is important for investors to pay attention to position size and risk management.
*This is not investment advice.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to an official announcement, Huobi HTX launched perpetual contracts for USDJPY/USDT, FCX/USDT, XLK/USDT, and GE/USDT on September 10, supporting long and short positions with leverage ranging from 1x to 20x. Meanwhile, from now until 15:00 UTC+8 on September 15, Huobi HTX is hosting a new contract token trading contest. Users who complete registration, trade the specified contracts, and meet the required thresholds will have the chance to split a total prize pool of 1 billion HTX tokens.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PONS market cap rebounds to exceed $830 million, surging over 10% in one hour.
According to GMGN market data, the market capitalization of PONS — the token of Robinhood Chain’s native token launch platform Pons — has surged past $830 million, with a 1-hour gain of 10.89%. PONS is the native token of Pons, a token launch platform built on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens, uses collected WETH fees to repurchase PONS, and directly burns the PONS fees it charges. Some members of the crypto community have dubbed it the Pump.fun of Robinhood Chain.
1 seconds ago
Token 'Niu Lai' rebounds to a market cap of over $100 million, surging more than 27% in 24 hours.
According to GMGN market data, the meme coin "Niu Lai" has rebounded to a market cap exceeding $100 million, surging over 27% in 24 hours and currently standing at $101.2 million.
1 seconds ago
The first chapter of the AZUKI comic will launch on September 17, with new chapters updated every third Thursday of each month.
According to official announcements, Azuki has announced that the first chapter of its manga will officially launch on September 17 at 9 AM Pacific Time. The new manga chapter will be available to read for free, with plans to release new chapters on the third Thursday of every month. The story centers on Shao, a sharp, guarded girl from the alleyways. When her sister Rei mysteriously disappears during a cultural relic smuggling operation in the fantasy world called the Garden, Shao’s original life falls apart completely. In order to find her sister and uncover the truth, the terrified and desperate Shao is forced by crime boss Zero to strike a dangerous deal, becoming an unwilling cultural relic hunter who trades artifacts for clues needed to locate Rei.
1 seconds ago
Circle adds support for pre-payment of CCTP fees, covering all EVM-compatible chains.
Official announcements reveal that Circle’s Cross-Chain Transfer Protocol (CCTP) now supports a fast transfer prepaid fee function. Previously, protocol fees were deducted directly from the USDC transfer amount on the destination chain; with this update, developers can pre-quote and collect fees using the source chain’s native gas token or USDC before a transfer executes, simplifying cross-chain transfer fee handling and ensuring users receive their expected USDC amount. The prepaid fee mechanism primarily enhances fee predictability in cross-chain applications. Users no longer face reduced received amounts due to extra deductions on the destination chain side. Additionally, the CCTP Quote API uniformly calculates fees across all supported chains, integrating Fast Transfer and Forwarding fees into a single quote—removing the need for developers to build separate systems to compute multiple protocol fees. Furthermore, fees can be paid directly with the source chain’s native token, with no reduction or impact on the actual transferred USDC balance. Currently, the prepaid fee feature supports USDC transfers on all EVM chains covered by CCTP, but does not yet support transfers initiated from Solana; transfers to Solana remain available. Developers can retrieve specific fee quotes via the Quote API and integrate this feature, with relevant developers advised to refer to CCTP’s official documentation to build more predictable cross-chain USDC transfer workflows.
1 seconds ago
The US stock market's optical communication sector rose sharply, with LITE surging more than 11%.
According to BIT (Bit.com) market data, the US optical communication sector has surged sharply, with performances as follows: Applied Optoelectronics (AAOI) up 9.61%; Lumentum (LITE) up 11.27%; Nokia (NOK) up 6.1%; Corning (GLW) up 8.47%; Roundhill Optical Module ETF (LYTE) up 9.08%; Coherent (COHR) up 11.25%; and Marvell Technology (MRVL) up 3.01%.
1 seconds ago
Bonk Guy: PONS buyback is severely undervalued by the market, will continue adding positions during pullbacks.
Renowned trader Bonk Guy posted that PONS has seen sustained revenue growth recently, with daily income staying above $1.3 million to $2 million for most of the past week, and not dropping below $1.1 million for seven consecutive days. Meanwhile, PONS’ buyback wallet has accumulated nearly $3 million so far; these funds will be used to repurchase PONS via Time-Weighted Average Price (TWAP), and the wallet’s fee replenishment rate is currently outpacing its fund consumption rate. 100% of PONS’ generated fees are allocated to repurchases and token burns. PONS’ actual market cap is likely significantly lower than its Fully Diluted Valuation (FDV). At the time of posting, its price stood at around $0.736, translating to an FDV of roughly $736 million. However, since PONS’ launch, approximately 30% of its token supply has been repurchased and burned via fees, bringing its actual market cap closer to $515 million. Additionally, PONS hit an all-time high of ~80% market share on Robinhood Chain yesterday, holding between 75% and 80% for most of the past week. The platform also set a new all-time high for daily token issuance, peaking at 28,560 tokens in a single day, with around 27,600 new tokens launched over the past 24 hours. PONS is benefiting from the growth of the Robinhood Chain ecosystem and has established itself as the chain’s leading Launchpad. Bonk Guy noted that PONS currently boasts daily revenue of $1 million to over $2 million, nearly $3 million in buyback funds, ~30% of its supply burned, no VC unlock pressure, and strong early community support. Comparing PONS to PUMP, he argued its current actual market cap remains attractive. Traditional finance quant trading networks are also starting to take notice of PONS, calling it a potential “most tradable asset of this cycle”. He expects sustained buying during market pullbacks and is bullish on its market cap eventually reaching the multi-billion-dollar level.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Changxin's largest long position on Hyperliquid has an unrealized profit exceeding $3 million.
According to TradingBeats' monitoring, the largest long address 0x9a80 for Changxin (trading pair: xyz:CXMT) on Hyperliquid currently holds around 1.4956 million CXMT long positions, with a position value of approximately $12.99 million, using 5x leverage, an average entry price of about $6.6156, and an unrealized profit of roughly $3.0959 million. Today, A-share listed Changxin rose sharply by 6.70%, closing at 58.47 yuan. Assuming no new trades are executed by this address, based on its current position size, the intraday price increase has generated an approximate $435,000 in paper gains for it. It is reported that this address built its current CXMT long position from scratch on July 15, accumulating around 225,200 CXMT tokens that day. It then continued to add to its position, peaking at roughly 1.63 million CXMT by the end of July. Although it reduced positions in batches during this period, it did not fully close out the position, and currently retains approximately 1.4956 million long CXMT positions.
2 minutes ago
Capital B spent approximately $29.4 million to add 376 Bitcoin to its holdings, marking the largest single Bitcoin purchase in nearly a year.
French bitcoin treasury firm Capital B announced it purchased 376 bitcoins for €25.3 million (approx. $29.4 million), bringing its total bitcoin holdings to 3,521 coins, with a cumulative acquisition cost of roughly €309.4 million (approx. $359.3 million). This purchase marks Capital B’s largest single bitcoin acquisition since September 2025, when the firm bought 551 bitcoins. Capital B said the funds for the purchase came from a recently completed financing round, including a €28.7 million (approx. $33.3 million) private placement, in which Adam Back added €7.6 million (approx. $8.8 million) in investment, boosting his common stock stake to 17.64%. Following this acquisition, Capital B holds 3,521 bitcoins, with an average purchase price of roughly €87,878 per coin (approx. $102,058 per coin).
2 minutes ago
Analysis: Bitcoin's on-chain realized market capitalization returns to growth, with its price recovery backed by fundamentals.
CryptoQuant analyst Axel Adler Jr. published a note stating that Bitcoin’s Realized Cap returned to positive territory on August 24 after 87 consecutive days of negative growth, and rose to +0.88% on September 6, indicating that BTC’s on-chain capital base is recovering. Bitcoin’s Realized Cap currently stands at around $1.068 trillion, having increased by approximately $9.36 billion over the past 30 days, and has continued to rise even as BTC fluctuated around $80,000 recently. Adler Jr. noted that this shows the previously contracting Realized Cap is improving. However, this metric briefly turned positive back in May before falling again, so it remains to be seen whether the current capital growth can be sustained. Meanwhile, Bitcoin’s Realized Premium Z-Score dropped from 4.17 during BTC’s rally on August 19 to 0.90 on September 6, though it still remains in positive territory. Adler Jr. explained that the metric’s decline does not signal a weakening price trend, as the anomaly relative to the 28-day average naturally decreases as new price levels gradually enter calculations. Overall, current on-chain signals are positive but have not yet confirmed a sustained bull market: Realized Cap is growing, while BTC has held onto its prior gains. Going forward, if the 30-day Realized Cap change remains positive and is accompanied by further expansion of Realized Cap, this will further support the continuation of the recovery; if the metric falls back below zero, it will weaken this outlook.
2 minutes ago
Arthur Hayes releases the Flop Yellow Paper, turning AI inference computing power into an on-chain commodity, with all tokens allocated via airdrop.
Arthur Hayes has published the yellow paper for his new project FLOP on social media. According to the introduction, FLOP is a proof-of-useful-inference blockchain and native token tailored for the Agent economy. Agents use FLOP to pay miners for inference fees, directly converting the token into computing power and intelligence. Simply put, FLOP aims to position AI inference computing power as an on-chain commodity that is purchasable, verifiable, and settleable. The workflow operates as follows: AI Agents use FLOP to pay for inference requests; miners run the required models; verifiers confirm that "the inference is roughly credible and the work is valid", then settle rewards and block rewards. On token supply, FLOP has a genesis supply of approximately 2.48346 billion tokens, all allocated via airdrop, with no VC pre-mining or auctions. The initial phase reward distribution is 75% to miners, 10% to verifiers, 10% to Agents, and 5% to regular stakers. The network features an average block time of one second, with an initial block reward of 96 FLOP, which halves every 730 days for a total of five halving cycles—dropping from 96 to 48, 24, 12, 6, and finally 3—after which the reward will remain permanently at 3 FLOP. To become a miner or verifier, participants must stake FLOP tokens, and dishonest staking will incur penalties. Verifiers serve as network guardians and manage the protocol through FLOP Improvement Proposals (FIPs).
2 minutes ago
Iran's Parliament Speaker: Attacks targeting Iran's oil and gas assets will also put U.S.-related energy facilities at risk.
Speaker of the Iranian Parliament Qalibaf stated that Iran’s domestic oil and natural gas production chains are widely distributed, easily accessible, and inadequately protected, while U.S. oil and gas enterprises operating in relevant waters and facilities face similar risks. Qalibaf warned that if the U.S. attacks Iran’s energy assets, its own related assets could be targeted in retaliation, noting that Iran “has already proven this point” and calling on the international community to inquire about those “non-operational bases”. (Jinshi)
2 minutes ago
Google clarifies that Antigravity account bans do not suspend associated Google accounts.
Beating AI Flash News: Google has revised the terms of service for its Antigravity service. While using third-party tools such as OpenClaw to access Antigravity via OAuth remains a violation, the updated terms clarify that penalties for such violations will apply to Antigravity and/or Gemini CLI accounts—not the entire Google account. The prior terms only referenced "your account", leading to widespread misunderstanding that penalties could extend to full Google accounts. The debate was ignited by leading developers Theo Browne (founder of T3 Code) and Gergely Orosz (author of The Pragmatic Engineer), who both warned that using Gemini subscriptions in third-party tools could result in full Google account bans. Varun Mohan, head of Antigravity, later pushed back, stating the claim stemmed from unclear original terms and promising revisions. The new terms clarify penalty boundaries but do not relax core restrictions. Google’s FAQ still explicitly bans third-party coding agents including Claude Code, OpenClaw, and OpenCode from logging in via Antigravity. For users seeking to integrate Gemini into third-party coding agents, Google officially recommends using Vertex AI or AI Studio API Keys. Notably, Google already carried out large-scale account bans over this issue in February this year, later resetting the initial bans and adding an appeal process.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Per official announcement, Huobi HTX launched GPRO/USDT, LMT/USDT, and SMIC/USDT perpetual contracts on September 4, supporting 1x to 20x long and short positions. Meanwhile, from now until 15:00 UTC+8 on September 8, Huobi HTX is hosting a new contract token trading contest: users who complete registration, trade the eligible token contracts, and meet the specified thresholds will have the chance to split the total prize pool of 1 billion $HTX.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PONS's market cap briefly rebounded to cross $350 million, trading at $0.352 at press time.
According to GMGN market data, PONS' market capitalization has briefly rebounded to surpass $350 million, with its current price standing at $0.352.
10 minutes ago
Fireblocks Custody moved 30 million USD1 tokens to Binance over the past 15 hours.
According to monitoring by Onchain Lens, Fireblocks Custody transferred 30 million USD1 tokens to Binance again over the past 15 hours. Note: USD1 is a stablecoin backed by a Trump-associated project.
10 minutes ago
Iran's Foreign Ministry: Vows to Resolutely Respond to Any Military Aggression by the Enemy
Iran's Foreign Ministry announced that Iran's armed forces launched an attack on a U.S. military base in Jordan in retaliation for the U.S. strike on Iran's Larak Island. The ministry emphasized that Iran's armed forces will not hesitate to exercise their inherent right to self-defense and will take appropriate, resolute responses to any military aggression by the enemy. The U.S. strike on parts of Larak Island violated Iran's national sovereignty and territorial integrity, and constituted a clear violation of the UN Charter. It called on the UN Security Council and the UN Secretary-General to fulfill their duties to maintain international peace and security and hold the aggressor accountable. Iran's Foreign Ministry also stated that the U.S. and all parties supporting its military operations bear full responsibility for the consequences of the escalating situation. It further noted that the U.S. base in Jordan was used to launch and support the attack on Larak Island, adding that the U.S.'s new act of aggression, along with the ongoing impacts of its maritime blockade and economic war against Iran, are the full responsibility of the U.S. and all parties involved in planning and executing the relevant actions. Earlier reports showed that Tasnim News Agency cited Iran's military as claiming to have launched dozens of drones at the UAE's Al Minhad Air Base. Separately, Iran's state television reported that the Iranian military carried out a drone attack on the Al Minhad Air Base in the UAE earlier on Monday.
10 minutes ago
Latest Assessment by US VCs After China Visit: AI Capabilities Need to Cross the Pacific Twice to Be Sold to US Clients
Beating AI Insight News Brief: U.S. venture capital firm Dimension spent a week in China, visiting AI labs, investors, and founders, then wrote a 5-page internal letter to its limited partners (LPs). The firm previously conducted research in Shanghai last year; this trip covered Beijing and Shanghai, with the goal of recalibrating its assessment of China’s AI sector. A key finding highlighted is that China’s open-weight models have entered the production pipelines of U.S. AI companies. For example, Cursor’s Composer 2 was further trained on Kimi K2.5, while legal AI firm Harvey’s Tenet model underwent post-training on Kimi K3. Dimension summarized this cross-Pacific value chain as a "two-way trans-Pacific flow": U.S. labs first train cutting-edge models, Chinese labs absorb these capabilities and release open-weight models, then U.S. application companies further train on the Chinese models to build products sold to U.S. enterprises. However, despite surging usage, revenue has not accrued proportionally to Chinese model firms. Dimension summed this up in one sentence: "China is getting Western workloads, not Western revenue." Open-weight models can be deployed across multiple platforms, with U.S. inference firms like Fireworks, Baseten, and Modal capturing the bulk of service fees. Chinese models drive down costs, ultimately benefiting U.S. cloud providers, inference platforms, and AI application companies as well. Dimension’s final assessment is that it is no longer feasible to simply split China and U.S. AI into two separate systems. Hardware like chips is being decoupled: the U.S. faces constraints from power and grid infrastructure, while China lacks advanced chips. Yet models, data, inference services, and software frameworks continue to flow across borders. Debating "which side is winning the China-U.S. AI race" in simplistic terms no longer reflects the real industrial chain.
10 minutes ago
Midday close of A-shares: The Shanghai Composite Index fell 0.2%, and the ChiNext Index dropped 1.29%.
This morning session of A-shares saw the three major indexes open lower, rebound in volatile trading, then retreat toward the end of the session. By midday close, the Shanghai Composite Index fell 0.2%, the Shenzhen Component Index dropped 1%, and the ChiNext Index declined 1.29%. The AI corpus sector moved higher amid volatility. The combined turnover of Shanghai and Shenzhen bourses in the morning session was approximately 1.31 trillion yuan, a decrease of around 112.1 billion yuan from the same period of the previous trading day.
10 minutes ago
Hyperliquid launches PONS perpetual contract, now trading at $0.33.
According to official announcements, Hyperliquid has launched Pons (PONS) perpetual contracts, with a maximum leverage of up to 3x. The current mark price is 0.32999, and the contract open interest stands at $524,866. The current funding rate for the PONS contract is -0.0823%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PONS's market cap briefly rebounded to cross $350 million, trading at $0.352 at press time.
According to GMGN market data, PONS' market capitalization has briefly rebounded to surpass $350 million, with its current price standing at $0.352.
10 minutes ago
Fireblocks Custody moved 30 million USD1 tokens to Binance over the past 15 hours.
According to monitoring by Onchain Lens, Fireblocks Custody transferred 30 million USD1 tokens to Binance again over the past 15 hours. Note: USD1 is a stablecoin backed by a Trump-associated project.
10 minutes ago
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
TLDR Kraken temporarily restricted customer accounts after nearly 12,000 unsolicited crypto transfers hit its platform between August 17 and 24. Arkham Intelligence linked the sending wallet to HTX, but the exchange denied any involvement. Kraken called the activity a dust attack meant to spread sanctioned funds across unrelated accounts. The EU added HTX’s Huobi Global entity to its transaction ban list on August 23, 2026. Kraken restored account access but kept the disputed funds separate from customer balances. Kraken temporarily restricted a group of customer accounts this week after an unusual wave of small crypto transfers reached its platform. Bloomberg first reported the story on August 25, citing data on nearly 12,000 transactions.
The transfers arrived between August 17 and August 24. Most were worth only a few cents or a few dollars each.
Kraken described the activity as a dust attack. In this case, the goal appeared to be spreading sanctioned funds across many unrelated accounts rather than tracking wallet owners, which is the usual purpose of dust attacks.
What Happened to the Affected Accounts Kraken restricted the accounts that received the transfers while it reviewed the situation. The exchange later restored access to those accounts once the reviews were complete.
However, Kraken kept the disputed funds separate from customer balances. The company said this was because the funds were tied to wallets connected to sanctioned entities.
A spokesperson for Kraken said the transfers appeared to come from wallets owned by HTX. The spokesperson added that the funds seemed linked to sanctions imposed by the UK and the EU.
Kraken did not say how many accounts were affected. The company also did not share the total value of the funds it is holding separately.
Blockchain analytics firm Arkham Intelligence labeled the sending wallet as connected to HTX. This label was based on addresses that HTX had used in past proof of reserves reports.
That label does not confirm that HTX controlled the wallet or directed the transfers. It only shows a past connection between the address and the exchange.
HTX Denies Sending the Funds HTX pushed back on the claim. A spokesperson said the exchange did not send the transfers and is now looking into what happened.
HTX said it is checking whether the mislabeling came from an error, a misunderstanding, or the actions of a third party. The exchange has not shared full wallet records to support its explanation.
Other exchanges reportedly saw similar small transfers before Kraken’s issue became public. Coinbase and Binance were both named as recipients of comparable transactions.
The timing lines up with recent sanctions activity. The UK named Huobi Global S.A., tied to HTX, as a sanctioned entity back in May.
The EU followed with its own restrictions on HTX starting August 23. That rule bans certain crypto firms from processing transactions linked to the exchange.
HTX has argued that Huobi Global S.A. is a separate legal entity from its main trading platform. The exchange says the sanctions should not apply to its full operations.
Researchers at TRM Labs said HTX changed wallets several times after the UK sanctions took effect. HTX called this normal security practice, not an attempt to avoid the rules.
Crypto exchanges generally cannot block incoming transfers before they are screened. This means unwanted funds can land in a customer account without that person doing anything.
Stablecoin issuers like Tether have more control since they can freeze tokens directly. Tether froze more than 500 million dollars across 370 addresses during one recent 30 day period.
Kraken and HTX have not announced a joint investigation. Any further update would likely need clear wallet evidence or a statement from sanctions regulators in the UK or EU.
PANews reported on August 20 that, according to official sources, Huobi HTX asset research analyst YT appeared as a guest on the sixth episode of Huobi Masters Lecture Series, sharing on the theme “TradFi Perpetual Contracts: From Trading Entry Point to Macro-Driven Asset Allocation.” YT stated that participating in the same stock through different instruments—such as direct shareholding, tokenized stocks, perpetual contracts, and options—involves different rights, costs, and risks. Therefore, before placing an order, traders first need to clarify the specific asset and instrument being traded and fully understand the corresponding trading rules.
On TradFi asset selection, YT said that in the current AI sector, rather than blindly chasing second- and third-tier companies riding the AI hype, it is better to focus first on leading companies that control key bottlenecks and pricing power. When screening leaders, investors can focus on three dimensions: market share, profit quality, and growth certainty.
On trade execution and risk management, YT concluded that trading is not about proving oneself right, but about managing risk amid uncertainty, participating in trends, and exiting promptly when the logic no longer holds.
HTX denied authorizing a series of disputed cryptocurrency microtransfers on Aug. 20 after some users alleged that funds originating from HTX-linked addresses caused compliance restrictions at Kraken and other exchanges.
Summary
HTX said its internal review found no official accounts behind disputed small cryptocurrency transfers reported. Kraken said British sanctions require restrictions on funds transferred directly into affected customer accounts there. The U.K. government confirms its Huobi Global designation also applies to HTX through ownership rules currently. An HTX representative claimed known Kraken restrictions reached $4.2 million without publishing supporting records publicly. Onchain reports identified small transfers to Kraken addresses, but wallet labels cannot establish authorization alone. An HTX representative using the @HTX_Molly account said an internal review found no activity from official company accounts. The representative suggested that affected users could have initiated transfers independently while trying to protest or test Kraken’s restrictions.
The same representative claimed that funds frozen at Kraken included cases worth as much as $4.2 million. HTX did not publish account records, transaction hashes or communications from Kraken supporting that figure. Kraken has not publicly confirmed the alleged maximum.
HTX says it found no official transfer activity The reports began after users identified small unsolicited USDT transfers from addresses labeled as connected to HTX. Some commentators described the transfers as address poisoning intended to trigger compliance systems at other platforms.
HTX said its internal checks found no evidence that an official account initiated a coordinated campaign. Justin Sun separately called reports that HTX deliberately sent the transfers “made up,” while the exchange said it was examining address labels and the transfers’ sources.
HTX-Linked Address-Poisoning Reports Persist as Kraken Freezes User Funds of Up to $4.2 Million
HTX-Linked Address-Poisoning Reports Persist as Kraken Freezes User Funds of Up to $4.2 MillionHTX, one of the longest-running major crypto exchanges since its founding in 2013, said… pic.twitter.com/ICjnJRPjEE
— Wu Blockchain (@WuBlockchain) August 20, 2026 Available onchain reporting has not established who controlled every sending address. One community review found that a batch of 7.5 USDT transfers from an HTX-labeled hot wallet went to addresses attributed to Kraken.
Wallet labels alone do not prove that HTX authorized a transfer. Exchange deposit addresses, payment processors, intermediaries and user-controlled withdrawal activity can complicate attribution. Public transaction hashes would be needed to test the findings independently.
As crypto.news previously reported, HTX’s initial investigation found no verified connection between disputed transfers and subsequent account freezes. The exchange has not released a complete address list or final investigation report.
Kraken confirms restrictions tied to U.K. sanctions Kraken has confirmed a broader policy of restricting transfers associated with Huobi or HTX. The exchange said U.K. government sanctions require it to restrict funds transferred from Huobi into Kraken customer accounts.
Kraken has not said that every incoming transfer from an HTX-labeled address produces a full account freeze. It has also not confirmed that the recent microtransfers caused specific customer restrictions.
The policy followed the U.K.’s May 26 designation of Huobi Global S.A. under its Russia sanctions regime. The government said it had reasonable grounds to suspect that the company was involved in making funds or economic resources available to entities in Russia’s financial sector.
HTX disputed the designation’s application to its exchange. In its May statement, HTX argued that Huobi Global S.A. was distinct from the online platform and said its operations remained unaffected.
The U.K. Office of Financial Sanctions Implementation rejected that distinction. Its official guidance says the designation applies to the HTX exchange because OFSI considers Huobi Global to own it under U.K. sanctions rules.
Kraken’s restrictions therefore have a confirmed regulatory basis. Whether each affected customer’s transaction legally requires an extended freeze depends on the ownership, source, timing and sanctions exposure involved in that case.
The $4.2 million claim remains unverified The @HTX_Molly representative said HTX had researched Kraken restrictions during the previous two days and found that some users remained unable to access funds. The representative cited $4.2 million as the highest known amount.
No evidence accompanying the statement established whether that amount belonged to one account, several linked accounts or a transfer under a specific legal hold. It is also unclear whether the restriction followed the recent microtransfers or earlier direct dealings with HTX.
The representative said HTX had created a group for affected Kraken customers to collect cases and seek the release of funds. HTX characterized those efforts as voluntary user activity rather than exchange-directed transfers.
Kraken advises restricted customers to respond to requests for documentation and contact its support team. The exchange may impose restrictions for sanctions compliance, account security, payment reversals or other reviews. These categories are separate from temporary withdrawal holds routinely applied after certain purchases or account changes.
The incident resembles compliance poisoning Classic address poisoning usually involves sending small transfers from lookalike addresses. The attacker hopes a victim will later copy the fraudulent address from their transaction history and send funds to it.
The reported HTX transfers present a different scenario. The alleged objective would be to associate a recipient with a sanctioned or compliance-sensitive address, potentially triggering automated screening. “Compliance poisoning” is therefore a more precise description if intentional conduct is eventually established.
The current evidence does not establish intent. Receiving an unsolicited transfer also does not, by itself, show that a recipient knowingly dealt with a sanctioned entity.
HTX’s next step is to publish its final review, including verified sending addresses and transaction hashes. Kraken may also clarify how it evaluates unsolicited transfers and what documentation affected users need to restore access.
Until then, the official record supports three narrower findings: the U.K. sanctions apply to HTX, Kraken restricts affected transfers, and HTX denies authorizing the disputed microtransactions. The alleged $4.2 million freeze and any coordinated poisoning campaign remain unverified claims.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Seven dollars you never asked for can now freeze your crypto account. Users blame an HTX dusting wave, a spray of tiny Tether (USDT) deposits that lands innocent traders in compliance trouble.
One Coinbase user says an unrequested 7.5 USDT transfer brought a closure threat. HTX denies sending anything, just five days before Binance blocks HTX transfers on August 23.
Unsolicited Deposits Put Exchange Accounts on IcePseudonymous trader 0xZiye posted the first complaint early Tuesday. The trader’s Coinbase deposit address received 7.5 USDT from a wallet tagged as HTX. Reportedly, Coinbase then demanded an explanation or the account would be closed.
“HTX is crazily transferring out small amounts, polluting other addresses.. My Coinbase received 7.5u of Brother Sun’s poisoning.. Right now, Coinbase says if they don’t explain it clearly, they’ll just close the account…,” they posed.
Chinese crypto commentator AB Kuai Dong soon reported the same pattern among several industry insiders. Small HTX-labeled deposits arrived. Accounts froze soon after the money landed.
Users are complaining that unexpected HTX deposits are contaminating their exchange addressesDusting means firing tiny amounts of crypto at many wallets at once. It costs the sender almost nothing. The receiver, however, can lose access to everything.
The reason is sanctions. The UK froze HTX’s assets on May 26 over suspected dealings with A7 and Garantex, two sanctioned Russian financial firms.
Compliance software at major exchanges now treats any HTX-linked coin as toxic, even money the user never requested.
Mass dusting also has a track record. A revived Salomon Brothers entity dusted 40,000 Bitcoin wallets last year while claiming $150 billion in supposedly abandoned Bitcoin (BTC).
What the HTX Dusting Panic Means for ComplianceHTX moved fast to distance itself. Molly, an HTX executive, said an internal review found no official involvement.
“What we can confirm at present is that HTX’s official channels have not initiated any related transfers or testing activities.”
Follow us on X to get the latest news as it happens
In the statement, she said HTX is still tracing the funds. She did not rule out address-tagging errors or misread on-chain data.
Earlier, she called the reports a misunderstanding or deliberate trouble-making.
Molly’s initial response to reports that exchange accounts inexplicably received small deposits from the HTX exchangeMeanwhile, the timing feeds suspicion. Binance announced restrictions on HTX transactions on August 14 under a July EU sanctions package. From August 23, transfers touching HTX and 10 other platforms risk being frozen for review.
Binance Blocks Transactions with 11 Crypto Platforms
Starting August 23, Binance will halt all transfers involving HTX, EXMO, and nine other crypto platforms to comply with tightening regulatory rules.
The exchange is actively warning users not to send or receive funds from… pic.twitter.com/WzvTHH9jjp
— BeInCrypto (@beincrypto) August 14, 2026
No on-chain evidence ties Justin Sun to the transfers. Sun has argued separately that Binance’s limits only affect UK and EU users.
The bigger problem is the math. Dust costs almost nothing to send, while one flagged deposit can lock an entire account.
Anyone can send funds to a public address, yet the receiver carries the burden of proof. HTX did not immediately respond to BeInCrypto’s request for comment.
Huobi HTX’s "Sixth Master" issued a statement responding to community feedback that some addresses received small transfers from HTX. The platform’s official team has noted the relevant situation and immediately launched an internal verification. It is now confirmed that HTX’s official has not conducted any related transfers or test operations. The specific source and cause of these transfers are under further investigation; multiple possibilities including address tagging and on-chain transfer source identification cannot be ruled out. No speculation will be made until facts are confirmed. Huobi HTX takes issues concerning user account and asset security seriously, and will clarify the matter as soon as possible. Any further confirmed information will be promptly shared with the community to provide users with a clear explanation.
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HTX said on Aug. 18 that it is investigating small cryptocurrency transfers received by several addresses after community members attributed the deposits to the exchange.
Summary
HTX said its internal review found no official transfers or testing activity behind reported deposits. Users reported receiving small USDT deposits from addresses labeled as HTX wallets by blockchain services. HTX is examining whether address labels or transaction attribution errors created a misleading origin trail. No transaction list, verified victim count, confirmed loss, or poisoning campaign operator has been disclosed. Reports of frozen accounts remain unconfirmed by HTX and lack publicly available supporting case details. The exchange said its initial internal review found that its official channels had not initiated the transfers or conducted related testing. HTX is now examining the origin of the transactions and whether blockchain address labels or attribution methods produced a misleading connection.
Some users have described the transactions as “address poisoning.” Others reportedly said their accounts faced restrictions after receiving the funds. Neither description has been independently confirmed through transaction records, platform notices or findings from a blockchain security company.
HTX says it did not initiate the disputed transfers HTX responded after community members circulated screenshots of small deposits that appeared to come from exchange linked addresses. One user reportedly received 7.5 USDT in a Coinbase account before being asked to explain the source of the funds, according to a report.
A request for information does not necessarily mean an account has been frozen. Coinbase has not publicly addressed the reported case, and no affected user has published a complete platform notice showing a permanent restriction linked to the transfer.
HTX said it had “not conducted any related transfers or testing activities.” The exchange added that it would not speculate before completing its investigation. It promised to provide the community with confirmed information, although it did not set a deadline.
HTX investigates source of unsolicited deposits, source: X The statement did not identify the blockchain involved, the sending addresses or the transaction hashes. It also did not disclose how many recipients had reported deposits or whether any customer assets were at risk.
Small deposits do not prove address poisoning Address poisoning normally involves an attacker creating an address that resembles one previously used by a target. The attacker then sends a small or zero value transaction so that the lookalike address appears in the target’s transaction history.
The attacker hopes the user will later copy the planted address without checking every character. Chainalysis describes this transaction history manipulation in its security guide.
Small unsolicited transfers alone do not establish address poisoning. Investigators would need to determine whether the sender resembles a trusted counterparty and whether the transaction was intended to manipulate a recipient’s address history.
The current reports contain no verified evidence that recipients later sent assets to lookalike addresses. No losses have been confirmed. No security researcher has publicly connected the disputed transfers to a specific operator.
As previously reported, a user recently lost 100,000 USDT after copying a planted lookalike address from their transaction history. That case included a confirmed misdirected payment, unlike the activity HTX is investigating.
Wallet labels may explain the apparent HTX connection Blockchain transactions identify addresses, but they do not automatically identify the legal entity controlling each address. Explorers and analytics companies assign labels using disclosed ownership information, transaction patterns and address clustering.
Those methods can produce useful leads, but a displayed label is not conclusive proof that the named exchange authorized a transfer. Deposit addresses, consolidation wallets, payment processors and intermediary services can further complicate attribution.
HTX said its investigation would consider “address tagging” and the identification of onchain transfer sources. This leaves open the possibility that third party services attributed a sender to HTX incorrectly or without enough supporting evidence.
The exchange previously published a scam warning about unsolicited 0.001 USDT transfers. It advised users to inspect complete wallet addresses instead of relying on shortened address displays or transaction histories.
The present case also arrives amid wider concerns about automated compliance screening. In related coverage, users reported blocked transactions and frozen funds after compliance services flagged exposure to HTX linked addresses. Those earlier restrictions involved sanctions screening and do not prove a connection to the latest deposits.
Account freeze reports require further evidence Claims that some accounts were “frozen” remain unverified. No exchange has confirmed imposing restrictions because of the disputed transfers, and the available reports do not provide case numbers, notices or affected wallet addresses.
A platform may request information when an automated monitoring system detects an unfamiliar counterparty or a link to a flagged address. Such a review can delay access without proving misconduct by the recipient or the sending address.
The distinction matters because describing every compliance check as a freeze could overstate the event. It could also wrongly suggest that HTX users conducted a coordinated poisoning campaign when neither HTX nor an independent investigator has reached that conclusion.
HTX’s investigation will need to identify the sending addresses, establish who controlled them and explain why they made the transfers. Publishing transaction hashes would allow independent analysts to test the exchange attribution and search for lookalike address patterns.
Until then, users should avoid copying destination addresses from transaction histories. They should verify the full address, use saved address books where available and preserve transaction hashes or account notices for support teams. Interacting with an unsolicited token or unfamiliar contract may introduce separate security risks.
HTX said it would share further findings once confirmed. The exchange has not announced when the review will end or whether it plans to publish a technical report.
DefiLlama data shows Huobi HTX’s net capital inflow over the past 24 hours hit $11.82 million, ranking first among global mainstream centralized exchanges (CEXs). This figure further reflects the market’s sustained focus on Huobi HTX’s platform liquidity and user confidence. Meanwhile, Huobi HTX’s 13th Anniversary Carnival Month is currently underway. Since the event launched, user engagement has steadily risen, with participation exceeding 20,000 users and over 30,000 prize pool rewards distributed. Huobi HTX officials noted that the 13th anniversary is not only a user appreciation initiative but also a key milestone for the platform’s ongoing development and user-centric services. Moving forward, Huobi HTX will continue to prioritize user experience, asset liquidity, and long-term value building, rolling out more anniversary perks and community activities.
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