founder

According to the official account of UXUY, Mr. Xu Zhihong, co-founder of UXUY, passed away in his sleep last week.UXUY stated that Mr. Xu Zhihong played an important role in the establishment and development of the company, leaving a profound impact on brand building, team, and ecological development. Mr. Xu Zhihong's farewell ceremony will be held on September 12, 2026, at the OneX AI Entrepreneur Space in Chaoyang, Beijing.

Cryptoquant founder and CEO Ki Young Ju stated that the peak of the current Bitcoin bull market cycle may be driven by institutional funds and ETF demand outside the United States. He pointed out that deeper stablecoin liquidity and tokenized asset infrastructure will expand global market participation. Using South Korea as an example, Ki Young Ju mentioned that the country currently does not have a spot Bitcoin ETF, retail investors cannot purchase overseas-listed spot Bitcoin ETFs, and most companies are unable to open trading accounts to buy BTC. South Korea has phased in corporate participation, with the Financial Services Commission (FSC) roadmap covering about 3,500 listed companies and qualified professional investors, but financial institutions and other companies are still excluded.Strategy's Bitcoin bank evaluated 25 major institutions covering trading, custody, digital asset products, financing, and corporate participation, with an overall adoption rate of 32%. RWA.xyz data shows that the global tokenized asset distributed asset value is $38.63 billion, an increase of 2.65% compared to 30 days ago. The Bank for International Settlements (BIS) stated that stablecoins have the potential to enable faster, programmable payments, but current designs may pose risks to financial integrity, liquidity, and currency. Ki Young Ju pointed out that the cumulative net inflow before the launch of the U.S. spot Bitcoin ETF was about $57 billion over two years, and the next phase will be global institutionalization, with more institutions adopting BTC as a strategic asset, and countries lacking ETFs will also improve related investment channels.

Numa Lunah, co-founder of the crypto project Refi Hub, stated that he was hacked after installing a transcription application using a download link provided in the Claude chat window. The link pointed to a counterfeit website and bundled malware that attempted to steal all information from his device upon execution. Numa Lunah mentioned that he cleared and reinstalled the affected laptop and found no sensitive information leaked.Subsequently, he discovered a contaminated Claude Code skill file SKILL.md in his backup, which disguised itself as a style guide written by him and contained instructions to re-download the malware and steal credentials every time it was loaded. Microsoft Defender Experts had warned that attackers had shifted from search engine optimization poisoning to large language model response poisoning, with related tactics including recommending download links controlled by attackers, AI brand impersonation installers, and contaminated code libraries and proxy skills. Crypto industry practitioners may hold irrevocable credentials such as mnemonic phrases, private key files, hot wallet JSON, exchange API keys with withdrawal permissions, and deployer keys.

CryptoQuant founder Ki Young Ju stated that the peak of this bull market cycle is likely to be driven by institutional funds and ETFs outside of the United States. Currently, South Korea has not yet launched a spot Bitcoin ETF, retail investors cannot purchase overseas related ETFs, and companies are even unable to open trading platform accounts to buy BTC.Ki Young Ju believes that the market was primarily driven by the adoption of Bitcoin in the United States, but the next phase will shift towards global institutionalization, accompanied by deeper stablecoin liquidity and RWA infrastructure. More institutions will hold BTC as a strategic asset, and several countries that have not yet launched ETFs will gradually improve related investment channels. The peak of this cycle may occur when a banker from a local bank in South Korea recommends a spot Bitcoin ETF to an elderly woman, suggesting it for savings.

According to The Wall Street Journal, Barret Zoph, co-founder of Thinking Machines Lab, will join Google as Vice President of Research. Zoph suddenly left the startup to join OpenAI after a dispute with CEO Mira Murati earlier this year, and after a brief tenure at OpenAI, he changed employers again.Previously, Zoph served as Chief Technology Officer at Thinking Machines Lab and led efforts to sell artificial intelligence products to enterprises during his time at OpenAI. Google has confirmed this appointment. Recently, Google has lost several high-profile researchers in succession.

According to CoinDesk, Binance co-founder Zhao Changpeng (CZ) and He Yi used the cartoon characters from "The Simpsons," with the aliases "Homer" and "Marge," in company meetings and internal communications. He Yi currently serves as co-CEO of Binance alongside Richard Teng, and according to people who have worked with her at Binance, she still uses the alias "Marge" in meetings and chats. The skin color of the Simpsons characters is yellow, which coincidentally echoes the corporate primary color scheme of Binance's logo and marketing.CZ resigned as CEO of Binance in November 2023, after the U.S. Department of Justice charged him with violating the Bank Secrecy Act. He pleaded guilty and was sentenced to four months in prison in April 2024. In October 2025, President Trump granted him a pardon. According to Forbes data, Zhao Changpeng is the richest person in Canada, with a net worth of approximately $111.1 billion as of April 2026. He Yi previously served as Binance's Chief Marketing Officer for a long time and has been the head of YZi Labs (formerly Binance Labs) since August 2022. Following the news, the crypto meme coin ecosystem quickly created a meme token in tribute to this "Simpsons alias" couple.

The Sui development team co-founder of Mysten Labs, Kostas Kryptos, stated that Havenex is undergoing Series A financing and is about to complete it. All necessary license applications and some additional license applications have been submitted, and the financing amount is also close to being fully allocated.Havenex is not positioned to become another Coinbase, Binance, Bybit, or Kraken, but rather to provide infrastructure for financial institutions, enabling them to offer digital assets and traditional financial assets to clients while meeting regulatory, custody, security, and transparency requirements. Havenex plans to support a multi-chain architecture, verifiable custody, continuous solvency proof, default multi-signature, quantum-resistant keys, hardware two-factor authentication wallets, as well as self-custody and key loss protection mechanisms; in regions where regulations allow, it will also support privacy assets and RWA. The project will use Sui technology in suitable scenarios while integrating assets, bridging protocols, and foundational components from other ecosystems.The concept of Havenex was proposed by him, and he will currently participate as an advisor, but Mysten Labs and Sui remain his main focus. He stated that the project aims to establish transparency and security standards different from those of FTX and Mt. Gox, and to reduce the serious vulnerability risks caused by code generated by large language models recently.

According to Lookonchain monitoring, a wallet cluster suspected to be associated with Bitkub co-founder and former chairman Sakolkorn Sakavee has removed privacy protection and transferred a total of 34,100 ZEC to Hyperliquid in the past 24 hours, worth approximately 26.1 million USD.Subsequently, the address has sold 24,100 ZEC, worth about 18.5 million USD, and purchased 238 BTC. Currently, there are still about 10,000 ZEC on Hyperliquid, valued at approximately 7.6 million USD, with related sell orders priced around 780 USD.Note: This is currently just a speculation on wallet associations by an on-chain data analysis platform, and there is no official information confirming that these addresses belong to Sakolkorn Sakavee.

In the latest podcast, SemiAnalysis founder Dylan Patel predicts that by 2028, OpenAI and Anthropic may account for 70% to 80% of the world's new AI computing power, with the total computing power scale potentially exceeding 100GW. Patel stated that the two companies currently account for about 30% of the world's annual new computing power, and this proportion is still rising rapidly.Patel pointed out that the business model of leading AI laboratories is changing, with a significant increase in the efficiency of AI computing power output. Currently, Anthropic's revenue per megawatt of computing power has reached about $50 million and may further rise to $100 million. This allows OpenAI and Anthropic to procure or lease computing power at high prices ranging from $25 million to $50 million per megawatt.Patel expects that global AI-related capital expenditures will reach about $11 trillion from 2024 to 2029, with over $5 trillion needing to be financed through debt. Due to the potential return on investment of AI infrastructure being far higher than that of traditional industries, tech giants may accept higher financing costs, thereby pushing up overall credit rates and squeezing the valuations of traditional assets and highly leveraged economies. Additionally, Patel believes that the new computing power may not primarily be used for providing model inference services externally, but may instead flow more towards internal research and development and self-improvement of models within AI laboratories.

Uniswap founder Hayden Adams stated that after nine years of DeFi practice, the path for AMM to become the core engine of the global financial market is becoming increasingly clear. He pointed out that tokenization is not only an infrastructure upgrade but also changes who provides liquidity and what is traded in the market. The SEC has approved Nasdaq and the New York Stock Exchange to trade tokenized stocks, and the DTCC also conducted live testing of tokenized trading in July.Adams believes that traditional market makers vertically integrate capital, strategy, execution, settlement, and distribution, which is costly; blockchain disassembles these components, making capital a scarce input. Liquidity providers who already hold relevant assets or are the issuers themselves can bear inventory exposure at zero cost, thereby weakening professional market makers with lower capital costs. An on-chain "related asset pair" model has naturally formed (such as the Ethereum ecosystem pairing with ETH and stablecoins), as correlation reduces inventory risk and deepens liquidity.He cited that there are already 10 tokenized stocks on the Robinhood Chain forming a Uniswap pool with SPY, which has traded approximately $33 million in 12 days, with some trades occurring directly between stocks without touching the dollar. Adams also stated that although Uniswap's cumulative trading volume has reached about $4.6 trillion, AMM is still in its early stages, and there is significant room for improvement in subsequent design and ecosystem.

According to The Block, a federal jury in the United States found San Francisco resident Japheth Dillman guilty of wire fraud and conspiracy to commit wire fraud. The U.S. Department of Justice stated that Dillman made false statements regarding the cryptocurrency trading fund Block Bits Capital, which he co-founded, defrauding over 20 investors of nearly $1 million.His sentencing hearing is scheduled for December 8.

Uniswap founder Hayden Adams posted on the X platform that as the market warms up, the weekly burn rate of UNI has reached an all-time high, with an annualized burn rate of 31 million UNI (approximately 113 million USD) and it is still growing.He stated that the team continued to build during the bear market and is now seeing early results in the bull market.

Towns co-founders Ben and Pat announced that after five years of collaboration with Brian, they have completed the transfer of protocol operations to the Towns Foundation located in Switzerland. The new experienced leadership team will continue to manage the protocol, drive the next phase of growth, and will gradually appear through official channels. The protocol will continue to operate as a decentralized communication protocol, supporting on-chain community ownership, end-to-end encrypted messaging, programmable identities, and native value transfer.According to reports, Towns has accumulated over 1.6 million users and over 400,000 communities, with users expected to earn over $40 million through the protocol by 2025, and has completed listings on multiple mainstream exchanges. The protocol also supports real-time messaging, payments, governance, and $TOWNS network incentives. The team pointed out that building a sustainable company and building a protocol are different challenges, and in response to changes in the market environment, they chose to hand over the protocol to the appropriate team for continuation rather than shutting it down.Both parties expressed their anticipation for the foundation to promote the development of Towns in the intersection of decentralized communication and AI. Pat and Ben will engage in new ventures while continuing to support the transition part-time, thanking the team, investors, node operators, exchange partners, developers, $TOWNS holders, and community members.

EthHub founder Eric Conner stated that he has written a new ERC proposal, ERC-8391, aimed at providing an asset status interface for tokenized stocks and RWAs. Tokenized stocks can be traded on-chain around the clock, but the New York Stock Exchange is only open for 32.5 hours a week. Smart contracts find it difficult to distinguish whether outdated prices are due to the weekend market closure or due to price feed failures or a company being acquired during the market closure; both scenarios have the same on-chain bytes, but the correct responses are opposite. Information such as trading halts, price locks, and redemption windows cannot be reflected in the price.This standard will regulate the queryable issues of contracts, covering market phases, trading halts, valuation activity, and redemption windows. Oracles can feed data into it, and tokens will respond.

At last week's Bubble Mart 2026 mid-year performance press conference, Bubble Mart founder Wang Ning stated, "The first half of 2026 is a very special year for Bubble Mart. Despite the pressure and challenges, we have still delivered a satisfactory report card. We achieved over 20% growth in the first half of the year, with significant improvements in our IP matrix and organizational health. The performance of our new amusement park and dessert business exceeded expectations, and the brand's global recognition, favorability, and reputation continue to rise. The management team maintains long-term confidence in the group's future development."In addition, he stated, "The difficulties this year may be greater than we imagined, but we are confident in overcoming short-term challenges. In the next six months, we will initiate a share repurchase plan of no less than 2 billion yuan and no more than 5 billion yuan, which also proves our increasing confidence in the company's long-term development."

According to on-chain analyst Yu Jin's monitoring, the F2Pool co-founder Wang Chun's address may have reduced some ETH in the past 3 days of the rising market to lower leverage.The address first transferred 12,765 ETH (approximately 28.73 million USD) to Binance, and then withdrew 87.68 million USDC to repay its loan on Spark.Currently, the address still holds approximately 65,000 ETH (about 159 million USD) and 1,000 WBTC (approximately 77.18 million USD).

Ray Dalio, the founder of Bridgewater Associates, warned that the annual budget deficit in the United States has reached $2 trillion, with approximately $10 trillion in debt needing to be refinanced. If the current trajectory is not changed, a debt crisis could arrive "within three years, with a two-year margin of error."In terms of asset allocation, Dalio advises investors to reduce their bond holdings to avoid debt risks; increase their allocation to gold, raising it to 10% to 15% of their portfolio; and hold a small amount of Bitcoin to hedge against government credit risk. Dalio also calls for the U.S. to reduce the budget deficit from the current level of about 6% of GDP to 3%, through measures including cutting spending, increasing taxes, and lowering interest rates.As a result of these statements, gold prices surged to their highest level since May on Friday, and Bitcoin broke through $77,000, marking the largest weekly increase since 2023.

Uniswap founder Hayden posted on the X platform that the tokenized stock trading volume on Robinhood has reached $1 billion for the first time, and $1 trillion in trading volume is on the way.

According to CNBC, Ken Griffin, founder and CEO of Citadel, issued an investor letter regarding the AI fund Situational Awareness. Ken Griffin stated that nearly 100 large trades have been completed, with a total amount exceeding $4 billion, and the risk exposure of the original portfolio has been reduced by over 80%.

CryptoQuant founder Ki Young Ju posted on the X platform that the demand for Bitcoin spot and perpetual futures has turned positive for the first time since reaching a historic high in October 2025. The scale of demand is still relatively small, but if this trend continues for a month, it can be reasonably concluded that the bear market has ended and a new bull market cycle has begun.