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Elon Musk predicts that in the next 3 to 5 years, AI entities will drive a 1,000-fold increase in bandwidth demand.

SpaceX Falcon 9 rocket successfully launched the Bandwagon-5 carpool mission into orbit from Florida.

The cryptocurrency trading platform Bitfinex posted on X: Since mid-September, Bitcoin has been operating in the upper half of the Keltner Channel on Bitfinex's daily chart.Bitfinex stated that about two weeks ago, Bitcoin fell below the flattening middle line. If the price returns to the upper half of the channel and the middle line turns upward again, it may indicate a recovery of bullish momentum.

Tesla is downplaying the name Full Self-Driving to seek approval for its driver assistance system in Europe. Tesla has used the name "Tesla Assisted Driving" on its European website, while the U.S. website still refers to it as "Full Self-Driving (Supervised)."

On September 29, Shayon Sengupta, a partner at the cryptocurrency investment firm Multicoin Capital, stated that Multicoin has invested in the decentralized bandwidth network Grass through its hedge fund and venture capital fund, referring to it as the reading layer of machine intelligence. Over the past 18 months, Grass has recruited contributors to share idle bandwidth through crypto incentives for querying and parsing the public internet, connecting data to the data pipeline of frontier labs.The article cites a report from Grass itself, stating that over 6 million contributors have received rewards denominated in USD, funded by the revenue generated directly from their contributions. Grass reported revenues of $17 million in 2025, with another $17 million recorded in the first half of 2026, with nearly all AI clients making repeat purchases. Grass claims the business is profitable and projects that revenue from training data alone will reach $75 million in 2026, with relevant figures coming from its call on July 7 to token holders and network participants.Sengupta wrote that Grass plans to launch a Contents API, allowing models to open and render public pages through residential networks, and plans to introduce a Search API along with web indexing. Grass has collected over 1 billion public internet videos, some of which are used with Multicoin portfolio company Inference.net for training video annotation models.

In episode 166 of the BidClub podcast, chip designer Bubble boi stated that high-bandwidth flash is technically attractive but lacks decisive data center use cases. The information he provided indicated that the main customers he heard about are Chinese clients who find it difficult to obtain or produce high-end HBM.Bubble boi mentioned that HBF and high-end AI flash have a latency of about 5 microseconds, lower bandwidth than HBM, a lower cost per bit, but the total cost may be comparable. He believes the clearest customers are entities unable to obtain HBM, which aligns with the Chinese demand he heard from two to three people, as they cannot adequately manufacture accelerators or are willing to accept non-leading specification products.

According to Binance spot market data, the market has experienced significant fluctuations. SYN has increased by 9.47% in the last 24 hours, while BAND, KNC, MASK, NEO, YFI, and GMT have reached new highs today, with increases of 7.62%, 5.46%, 5.82%, 6.61%, 6.02%, and 5.2% respectively.On the other hand, DASH is in a "high and then low" state, with a decrease of 5.01% in the last 24 hours. BANK has slightly risen by 3.15% within 5 minutes.

The NFT game project Pixelmon stated on its official Discord that the latest round of game testing conducted by external publishers yielded unsatisfactory results. The team has decided to cease further polishing or testing of the existing game and stop all game development.Pixelmon has notified the game team members and provided severance arrangements. Pixelmon had completed a $8 million seed round of financing in 2024, with investments from Animoca Brands, Delphi Ventures, Foresight Ventures, Amber Group, and others.

AI entity operation platform Motive announced the completion of a $1.3 billion financing round, with General Catalyst participating through its Customer Value Fund; specific valuation data has not yet been disclosed.In addition, the company also disclosed that it has withdrawn its previously submitted S-1 registration statement, officially abandoning its plan to list on the New York Stock Exchange.

Sources say that Anthropic has decided to terminate its plan to acquire the artificial intelligence startup Decart AI. Anthropic had previously conducted due diligence on Decart for a deal worth approximately $6 billion but ultimately chose to walk away, although both parties may explore other forms of collaboration in the future.The software and hardware collaborative optimization technology developed by Decart can enhance chip utilization efficiency and reduce AI training and inference costs. Anthropic has rarely engaged in large-scale mergers and acquisitions and is currently making significant investments in computing power to develop new products and serve customers, while preparing for an initial public offering that may approach or even exceed that of SpaceX.

According to Bloomberg, citing informed sources, a consortium formed by private equity firm Advent and payment processor Stripe has decided to abandon its acquisition of fintech pioneer PayPal Holdings Inc. This potential deal could have become one of the largest leveraged buyouts in history.Informed sources said that the group is no longer pursuing the acquisition of PayPal. Previously, insiders had indicated that the consortium had made an offer of over $50 billion. Relevant individuals requested anonymity as the information has not been made public.

Matthew Gould, the founder of Unstoppable Domains, stated that the company did not submit an application for its Web3 top-level domains in ICANN's 2026 expansion round and will refund customers who purchased related domains. Gould mentioned that the compliance, application, and bidding costs of incorporating Web3 domains into the ICANN system exceeded the company's expected recoverable sales. This move ends the company's commitment since 2019 that domains like .crypto and .wallet would eventually be resolvable in standard browsers.The application window for this round of ICANN opened on April 30 and closed on August 12, receiving over 1,600 major applications. Gould stated that customers have been notified via email, but the list of affected extensions and refund terms have not been disclosed. Some holders questioned the scope of the refunds, claiming they held the domains based on Unstoppable's commitment to advance the ICANN application. Gould responded that Web3 domains will still serve as on-chain assets for cryptocurrency transactions.Unstoppable continues to participate in ICANN activities as a service provider and previously announced a partnership with Telegram to apply for the .gram domain. Meanwhile, ENS has chosen a different path, with token holders approving the restructuring of the ENS Foundation to pursue the .ens top-level domain in ICANN, but ENS will not apply for .eth, as it is reserved for ISO 3166-1 country codes.

According to The Block, Ethereum ecosystem core contributor Nethermind announced that after a "comprehensive review," it will exit the LayerZero decentralized validation network (DVN) business and migrate its cross-chain infrastructure to the Chainlink network. Nethermind stated that it has ceased operations of LayerZero's DVN and joined the Chainlink network as a node operator and strategic technology provider.In the future, Nethermind will provide engineering tools, infrastructure services, and integration support for blockchain application developers. It is reported that this shift occurred after the LayerZero ecosystem experienced a security incident. In April of this year, the rsETH cross-chain bridge of Kelp DAO was attacked, resulting in a loss of approximately 116,500 rsETH, valued at about $292 million at the time. Following this incident, several companies have begun to shift their cross-chain operations from LayerZero to Chainlink. However, Nethermind did not explicitly state whether this migration is directly related to the Kelp DAO incident, nor did it disclose any specific technical issues with LayerZero or changes in commercial terms between the two parties.

Justin Drake posted on the X platform that Ethereum L1 will no longer use the SNARK-friendly hash function Poseidon, which has dominated since 2019, and will instead turn to traditional hash functions such as SHA2 or BLAKE2s.This adjustment is based on advancements in the field of SNARK design, shifting the focus from "SNARK-friendly hashing" to "hash-friendly SNARK." By aligning Boolean operations in traditional hashing with binary field native, the proof performance of traditional hashing in SNARK has reached 1 million per second, with an overhead of about 100 times.Research from Binius and Flock has driven relevant progress. The Ethereum Foundation's post-quantum team is advancing this route, with a roadmap that includes deploying production-level leanVM in 2027, and deploying in the consensus layer, execution layer, and data processing layer in 2028.Justin Drake also stated that the enhanced capabilities of AI in cryptanalysis have recently led to setbacks for the lattice-based scheme HAWK and the homomorphic scheme SQIsign, with hash-based schemes being used for post-quantum signatures on the blockchain. The trend of open-source automated research is also accelerating, with SNARK.fast achieving 1.8 million BLAKE3 proofs per second.

According to The New York Times, Chinese AI models are rapidly gaining popularity in the African developer community due to their low cost, open-source customization, and better handling of local languages, while leading American models like OpenAI and Anthropic are primarily closed-source and paid. Ugandan developer Ernest Mwebaze chose Alibaba's model over Meta or Google products when building a multilingual AI system called Sunflower aimed at local languages, which is now widely used by local farmers to obtain weather and planting information.The report states that similar adoption trends are spreading in countries like Kenya, Nigeria, and Ghana, covering multiple fields such as law, education, and business services. Chinese open-source models (such as DeepSeek and Qianwen) allow for free download and modification, while leading American models are often closed-source and paid, creating significant cost and accessibility differences in middle- and low-income countries. Industry insiders point out that the rapid penetration of Chinese AI in Africa is bringing long-term competitive pressure to American AI giants.

According to official news, Marvell Technology announced the launch of a new generation of memory solution portfolio for AI infrastructure, covering server-level AI storage, rack-level CXL memory expansion and pooling, as well as multi-rack optical interconnect shared memory, aimed at addressing the growing memory capacity and bandwidth bottlenecks in Agentic AI inference processes.Marvell stated that as AI model sizes increase, context windows extend, and KV Cache demand grows, traditional tightly coupled architectures of computing and memory are limiting AI inference efficiency. Through memory disaggregation, memory resources can be made more independent of computing resource expansion, improving GPU utilization and reducing data movement latency. The products released include:Bravera SC6 PCIe 6.0 SSD controller: Designed for AI inference storage scenarios, it helps cloud service providers migrate more KV Cache to high-performance SSDs, enhancing infrastructure efficiency. This product features an architecture compatible with multi-vendor NAND and is expected to begin sampling in the fourth quarter of 2026.Marvell Structera X memory expansion solution: Based on CXL technology, it supports rack-level memory expansion and resource pooling, helping data centers share and allocate memory resources more flexibly, reducing AI infrastructure costs.Marvell Photonic Fabric optical interconnect memory solution: Constructs a shared memory architecture across multiple racks using optical interconnect technology, supporting up to 32TB warm KV Cache offloading and helping AI inference clusters enhance throughput capacity.Marvell stated that the Photonic Fabric solution can achieve a 2 to 3 times increase in Token throughput under existing data center space and power consumption constraints, supporting larger scale models and longer context AI applications.Marvell executive Will Chu stated that AI infrastructure is transitioning from a single server architecture to a system where computing, memory, and connectivity operate in synergy, and in the future, memory needs to expand more independently to enhance resource utilization and Token efficiency.As the demand for AI Agents and large model inference continues to grow, memory capacity, bandwidth, and data transfer efficiency are becoming new focal points of competition in AI infrastructure, following computing power.

According to Wall St Engine, "AI stock god" Leopold Aschenbrenner's Situational Awareness fund faced liquidity pressure during the market crash in July, with behind-the-scenes details revealed.The report states that after the market rapidly cooled in mid-July, the decline in stocks held by Situational Awareness triggered margin monitoring by banks such as Goldman Sachs and Morgan Stanley, leading to margin calls.Insiders said that other hedge funds began shorting related stocks after learning about its positions, creating a cycle of "price drop → margin call → forced selling → further price decline."In late July, while Leopold was hosting a wedding in Carmel, he continued negotiations with his team to maintain fund operations. On the evening of July 29, he reached a preliminary agreement with a consortium led by Greenoaks and Sequoia Capital to sell approximately $3.5 billion in Anthropic equity.However, in the early hours of July 30, before the U.S. stock market opened, Leopold changed his decision, opting to retain the private equity portfolio and instead sell publicly traded stocks. Subsequently, Citadel and Millennium entered negotiations with the fund team, and Citadel ultimately acquired most of the fund's public stock investment portfolio at a discount of more than 10% below market value before Thursday's opening.This transaction helped Situational Awareness meet margin requirements and avoid formal default. After the deal was completed, related AI and semiconductor stocks rebounded on Thursday, benefiting Citadel.As of around July 31, Situational Awareness disclosed to investors that the fund had a net loss of about 67% in July, but was still up about 80% for the year. Leopold stated that he "takes full responsibility" for the incident, and the fund has removed bank leverage, planning to continue operations and invest in the public market while adjusting its portfolio management and risk control systems.

According to Jinshi reports, BlueBay Chief Investment Officer Mark Dowding pointed out in a report that if Federal Reserve Chairman Waller abandons forward guidance, it may increase the market's risk of losing confidence in the Federal Reserve. He stated that during the periods when previous Federal Reserve chairmen implemented forward guidance, the institution enjoyed a high level of trust and credibility. However, if it falls into a state of information vacuum, market doubts may intensify, and trust in the Federal Reserve may begin to waver.Dowding also noted that the current level of U.S. debt has reached a historic high, and if a laissez-faire attitude is taken towards market trends, it could lay the groundwork for significant risk hazards.