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Research institution Delphi Digital stated that hardware limitations are driving Chinese laboratories to shift towards cheaper models and more efficient technology stacks. Export control restrictions limit their access to advanced chips, while domestic accelerators can handle inference, but cutting-edge training remains difficult to achieve. Chinese laboratories are innovating in system efficiency, model architecture, training data, and reinforcement learning. DeepSeek has found a way to avoid GPU idle data movement, and ByteDance and Moonshot are set to release similar versions within months.In terms of architecture, training is shifting to cheaper digital formats that are compatible with domestic chips. Sparse architectures reduce the runtime per token, and the attention mechanism has been redesigned three times to control the memory costs of long context. In terms of data, denser prediction targets and better optimizers enhance the learning signal per token. In reinforcement learning, DeepSeek's GRPO has become the default recipe, with ByteDance, Alibaba, and MiniMax each launching successor plans within a year. Chinese models are now among the lowest-cost cutting-edge adjacent systems.On OpenRouter, the proportion of token consumption by Chinese developed models is expected to rise from less than 1.2% at the end of 2024 to the majority by 2026. The Chinese AI market is experiencing a price war from 2024 to early 2026, with several laboratories implying revenue multiples of about 47-117 times, while Anthropic and OpenAI are around 15-21 times. Huawei's Ascend chips are currently available for inference, and DeepSeek reportedly attempted to train R2 on Ascend but returned to NVIDIA after encountering technical issues. Domestic accelerator supply remains below estimated demand.

According to Cointelegraph, Hashkey has joined the Digital Asset Advisory Working Group of the Depository Trust & Clearing Corporation (DTCC), becoming the first Asian digital asset service provider to join this working group.DTCC is a core post-trade infrastructure provider for global financial markets, and this working group brings together over 100 global financial institutions and asset management companies, including JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange, to jointly define the issuance, settlement, and custody standards for institutional-grade tokenized assets.DTCC plans to launch tokenized securities services in October. Previously, the U.S. Securities and Exchange Commission (SEC) issued a no-action letter to a DTCC subsidiary in December, allowing it to provide tokenization services for the securities market.SEC Chairman Paul Atkins stated that the approval of this pilot is just the beginning, and the SEC will consider innovation exemptions to help builders promote the on-chain transformation of the market without bearing cumbersome regulatory requirements. Atkins first proposed the idea of tokenization innovation exemptions at the DeFi roundtable on June 9.

According to The Block, the Wyoming Stablecoin Committee announced the adoption of Chainlink Proof of Reserve to provide near real-time on-chain reserve verification for the state’s official stablecoin, Frontier Stable Token (FRNT). This follows the migration of cross-chain infrastructure from LayerZero to Chainlink CCIP, further establishing it as the sole on-chain asset verification infrastructure.The auditing firm The Network Firm will review the reserves and token supply of FRNT according to the standards of the American Institute of Certified Public Accountants (AICPA). The verification data will be recorded on-chain via Chainlink, reducing information gaps between reporting periods.The committee will also introduce the Chainlink Proof of Reserve Secure Mint mechanism, requiring that verified reserves must be no less than the total supply of FRNT for any minting to occur, in order to prevent risks associated with "unlimited minting." FRNT is fully backed by reserves of U.S. dollars and short-term U.S. Treasury securities, with related earnings used to diversify state finances and support local education funds.

Elon Musk, CEO of Tesla and SpaceX, stated via video link at the G20 summit held in Asheville, North Carolina, on Tuesday that the productivity improvements brought by AI are already evident, and robotics technology will further push productivity to new heights. He predicts that AI could increase the global economy's scale by 20% to 30%, adding approximately $20 trillion to $30 trillion to annual economic output.Musk forecasts that the number of humanoid robots worldwide will reach 1 billion within the next decade, with these robots producing at least five times more than humans. The widespread application of humanoid robots could expand the global economy's scale by more than tenfold. He also predicts that by the end of next year, AI will be able to handle almost all digital tasks that do not involve changing the real physical world, with AI software reaching Stockfish levels, making it impossible for humans to compete in software development. He expects that within 12 to 18 months, AI will excel in all forms of engineering and digital work.As Musk made these remarks, SpaceX is ramping up its investment in AI. SpaceX's AI business generated $2.6 billion in revenue in the second quarter, a year-on-year increase of 247%. The company invested $15.8 billion in AI infrastructure in the second quarter, primarily for the expansion of the Colossus II data center, accounting for about 86% of total capital expenditures. Recently, SpaceX acquired the AI programming platform Cursor for $60 billion and released its latest AI model, Grok 4.6.

DeFiprime founder Nick Sawinyh analyzed that the Meme coin issuance platform on the Robinhood Chain is massively using tokenized stocks as paired assets. As of September 1, approximately 17.2% of the on-chain supply of 19 high liquidity Robinhood stock tokens is locked in 432 pools that use stock tokens as quoted assets, contributing 31.3% of the DEX trading volume of related stock tokens in the past 24 hours. The four issuance platforms Long, Bankr, Flap, and PAIR have set stock-paired Meme coins as default products.Among them, the AI/NVDA pool holds 8,783 NVDA (accounting for 16.2% of the total on-chain tokenized NVDA), with a 24-hour trading volume of about $6.2 million; the BONER/HIMS pool holds 37,172 HIMS (accounting for 50.4% of the total HIMS on the chain), with a trading volume of about $12.5 million. This mechanism has led to significant premiums for some tokenized stocks over the weekend (when issuers cannot issue more), with HIMS once trading at a premium of 112% compared to the NYSE closing price. The TVL of the Robinhood Chain has nearly doubled since August 1 to $740 million, with on-chain DEX daily trading volume reaching $1.49 billion on August 31. The analysis points out that 9 stock tokens have an on-chain circulating market value of less than $1.5 million, and a single Meme coin pool can absorb a large proportion of the circulating supply. This analysis is based on specific block snapshot data, with prices and pool balances changing rapidly.

According to Cointelegraph, the U.S. Department of Commerce has officially adopted Chainlink to publish core macroeconomic data on-chain, covering key indicators such as actual GDP, PCE price index, and real final sales of private domestic purchasers, marking the first deep integration of traditional government data with blockchain infrastructure.

Venture capitalist Tomasz Tunguz posted on X that the cutting-edge AI market is splitting into closed camps, with labs choosing partners, cutting off competitors, and rationing access to the strongest models. Salesforce selected Anthropic as its dedicated AI partner, making Claude the default model for the world's largest CRM and Slack.OpenAI cut off its API access on November 12 after SpaceX acquired Cursor. Z.ai placed its flagship model under a security review after cumulative revenue exceeded $10 billion. Anthropic rationed Mythos 5 through Project Glasswing and restricted Fable to inference only in the United States. OpenAI first launched the GPT-5.6 variant to trusted partners.Nvidia is investing in an open ecosystem, including $13 billion for Hugging Face, $7 billion for Poolside, and a $26 billion commitment to Nemotron. Tunguz stated that access, rather than price, has become the new scarcity at the forefront.

According to Cointelegraph, a Bitcoin wallet that had been dormant for nearly 12 years suddenly transferred all 20.00010537 BTC (approximately $1 million) to a large centralized exchange in March, and three weeks later, almost the same amount was returned (only 4500 satoshis short, about $3), and then in May, this Bitcoin was permanently destroyed.On-chain analysis company Chainalysis confirmed that this wallet has a strong association of "shared ownership" with four other addresses, all of which received initial funding on the same day in April 2014, and most of the funds can be traced back to the now-defunct Mt. Gox exchange, suggesting that the holders are early Bitcoin adopters.Analysis by Bitcoin educator Bennet shows that one of the addresses sent 19.6 BTC in 60 transactions to the custodian between 2022 and 2024, despite the Bitcoin price more than quadrupling during this period. The dollar amount of 58 of these transactions was close to $10,400, suggesting that the holders may have adopted a fixed dollar amount liquidation strategy. After the million-dollar "round trip" transfer in March, the funds almost returned to their original state, and the destruction of Bitcoin requires the same private key, making conventional transaction explanations difficult to establish.Chainalysis admits that it currently cannot explain why the holders transferred long-dormant assets through the custodian, almost retrieved the original amount, and then actively destroyed them. The destruction of Bitcoin is irreversible, and analysts speculate that this may be a deliberate statement to reduce the total supply of Bitcoin, or it could be for privacy, tax, or testing old wallet arrangements, but none of the hypotheses fully align with all on-chain evidence.

U.S. Treasury Secretary Benczkowski vowed at the beginning of this week to launch an "economic assault" against Iran and its trading partners, once again attempting to end the war. However, by the weekend, countries with ties to Iran have so far dismissed this threat, and analysts are disappointed with the actions taken by the U.S.As the week nears its end, the U.S. announced plans to sanction the branch of Egypt's Misr Bank located in the UAE. Previously, Benczkowski had warned that the world would see "significant news of a financial institution being sanctioned before the end of this week," making this move far below expectations.Alex Zerden, a former U.S. Treasury official and founder of Capitol Peak Strategies, stated, "The actions publicly taken by the U.S. Treasury this week do not match the prior hype. The 'economic exile action' continues the restrictive economic measures against Iran that have been in place for 47 years, but it does not provide a clearer path for how this current action will achieve economic or military victory."

Bloomberg's chief economist Anna Wong stated that next week's non-farm payroll report may show weakness, with a certain probability of recording negative growth, which will have a critical impact on the Federal Reserve's policy path.She pointed out that if there are two consecutive negative non-farm data, there is no precedent in modern Federal Reserve history for raising interest rates under such circumstances.

At the Bitcoin Asia Conference, Simon Gerovich, CEO of the Japanese listed company Metaplanet, stated that the bottom of Bitcoin has already appeared, and the opportunity moment for Asia has arrived. He pointed out that the past few cycles belonged to the West, while the first Asian cycle has begun.Gerovich revealed that since Metaplanet shifted from hotel and technology businesses to Bitcoin reserves in 2024, it currently holds approximately 43,000 Bitcoins, valued at about $3.3 billion. He emphasized that Japanese households hold about $14 trillion in financial assets, with approximately half stored in nearly zero-yield bank deposits, and these savings are looking for new destinations.Gerovich called on Asian businesses, institutions, and savers to seize the current market conditions and build Bitcoin infrastructure in their respective regions. He stated that the end of cash hoarding strategies coinciding with the introduction of new regulatory rules together constitute the biggest opportunity in today's Asian market.

The long-established financial media in Hong Kong, "Hong Kong Economic Journal," published a column article citing statistics from RootData, indicating that in the first seven months of 2026, over 100 cryptocurrency projects have announced shutdowns, bankruptcies, or indefinite service suspensions. The article states that the actual number of closures may be higher, as many projects have not officially announced their status but are "slowly disappearing."The article further states that this wave of closures is not limited to a single sub-sector but is widely affecting various projects, including exchanges, wallets, DeFi, DAO tools, Layer 2, and infrastructure, showing a trend of spreading across the entire sector.

Crypto analyst Ali Charts posted on platform X that Bitcoin's current trend is highly similar to the bottoming pattern in 2023. In 2023, Bitcoin broke the downward trend and tested the previous high in August, then retraced to around $20,000 before starting to rise.It seems that a similar structure is forming now, with a key observation level near $83,000 around the high in May 2026.

The Ethena Foundation announced significant reforms to its tokenomics, with the ENA token rising 23% to $0.17 within 24 hours. The reforms include the cancellation of the monthly VC unlock schedule and a proposal to use protocol revenue to buy back ENA. ENA holders are voting to decide on the "fee switch," where 95% of the net income from Ethena's brand business will be used for programmatic purchases of ENA when the circulation of USDe reaches $7.5 billion, with the remaining 5% allocated for growth.Ethena Labs and the Foundation have also reached a principled agreement to assign most of the intellectual property and economic benefits of the Ethena protocol to the Foundation and ecosystem, rather than to Ethena Labs shareholders. This agreement is expected to be announced in October. The reforms come as the supply of USDe has decreased from a peak of nearly $15 billion in October to below $5 billion, with part of its revenue relying on derivative funding rates, which have diminished as the crypto market cools.In search of new sources of growth, Ethena announced last week a $1 billion facility with FalconX to bring USDe collateral into over-collateralized institutional loans. Additionally, Janus Henderson invested in ENA in June and is exploring USDe distribution, while Coinbase has also launched a savings product in collaboration with Ethena.

GoPlus Security issued a security alert stating that realio[.]fund, a subsidiary of Realio Network, was attacked. The attacker took over the platform's signature system and transferred assets from the treasury and custodial wallets on Ethereum, BNB Chain, Algorand, Stellar, and the Realio native chain.This incident involved approximately 127.9 million RIO, valued at around 6.2 million dollars, and the attacker has currently cashed out about 317,000 dollars.

CryptoQuant analyst Axel Adler Jr. pointed out that Bitcoin's two profit and loss indicators have reversed simultaneously in the past ten days. The 90-day realized profit and loss ratio has risen above 1 for the first time since the end of July (reaching 1.003 on August 26), and the unrealized loss ratio has decreased from 18.57% on August 16 to 7.35%, a drop of about 60%, marking the lowest level since May 11.The analyst stated that losses are no longer dominating the market, but the current readings are almost exactly at the breakeven line and need to be continuously confirmed. Historically, during the capitulation phase from 2022 to 2023, this ratio remained below 1 for 241 days, with a minimum drop to 0.368. The current loss pressure is still distant from historical deep capitulation. Both indicators show that holders' financial conditions have significantly improved compared to the low point in August, but true confirmation requires the realized profit and loss ratio to remain consistently above 1 and unrealized losses to stay low.

Flop Labs announced the FLOP token economics draft, with no VC allocation, no presale, and airdrops aimed at miners, validators, agents, and early community participants.According to the draft chart, the total supply of tokens is expected to reach 17.2 billion in the 10th year, with a terminal year inflation rate of 0.6%; in the total supply distribution, miners account for the highest proportion at 51.2% (8.8 billion), airdrops account for 20.4% (3.5 billion, subdivided into miners, validators, agents, and reserve incentives), the team and foundation account for 11.4% (2 billion), validators and brokers/agents each account for 6.8% (1.2 billion each), and staking rewards account for 3.4% (600 million).Flop Labs stated that an AMA hosted by Arthur Hayes (CryptoHayes) will be held next week on X Spaces/YouTube to announce more details. The project team emphasized that the above token economics data is all draft and specific details may change.

According to LiveMint, Nvidia CEO Jensen Huang stated in the All-In podcast that he personally reviews the compensation and remuneration proposals for the company's approximately 42,000 employees at the end of each cycle, and he almost always increases operating expenses. He said, "If you take good care of your employees, everything else will fall into place," and noted that there are more billionaires born from his management team than from any other CEO.The report cited a survey of about 3,000 Nvidia employees, stating that approximately 76%-78% of employees have become millionaires, with about half having a net worth exceeding $25 million. Employees can purchase stock through the company's stock purchase plan at a 15% discount, and Nvidia's stock price has increased nearly 3,800% since 2019, significantly boosting employee wealth.

According to the token unlock data from the crypto asset data platform RootData, Somnia (SOMI) will unlock approximately 19.97 million tokens at 0:00 on September 2nd, Beijing time, worth about 2.18 million USD.