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a16z launches $1.1B Machine Age Fund, betting on AI hardware and infrastructure

Odaily News: a16z announced the closing of its new fund, Machine Age Fund, with $1.1 billion in funding, focused on investing in the hardware and infrastructure that powers AI, including chips, memory, networking, storage, as well as complete systems such as data centers, robotics, and home AI devices.a16z noted that surging AI demand and compute density are pushing existing supply chains and physical and computational architectures to their limits. Rack power is rising from 5-10kW to 100-250kW, and is expected to reach 1MW within three years, while data center scales are expanding toward hundreds of megawatts and even gigawatt-class campuses. The fund will target higher compute density, cheaper high-bandwidth memory, faster interconnects, low-power edge devices, as well as supporting cooling, power, and real estate infrastructure, to back a new generation of AI hardware startups.

Financial World Model De¹ Secures YZi Labs Investment to Build Agent-Driven On-Chain Finance on BNB Chain

According to official announcements, the financial world model project De¹ has secured investment from YZi Labs. This round of funding marks the starting point for establishing AI-native on-chain finance within the BNB Chain ecosystem. De¹ will collaborate with YZi Labs to define how AI agents interact in real-world market environments. The project stated that details on how users can participate in the financial world model will be announced in the near future, with further information to be released through official channels.

Jio Platforms Gets IPO Green Light, Once Launched Polygon Ecosystem Token JioCoin

Odaily News - Jio Platforms, the digital and telecommunications arm of billionaire Mukesh Ambani's Reliance Industries, has received regulatory approval, clearing a key hurdle for its long-anticipated initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued a letter of observation to Jio Platforms during the week ending August 28, indicating that the company has been permitted to proceed with the IPO process. (Bloomberg)Jio Platforms' listing plans have drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.

Bybit Launches Perp Options: Industry-First Stock Perpetual Contract Options, SpaceX and NVIDIA Available at Launch on Sept 17

Bybit announced the launch of Perp Options, the industry's first options product based on stock perpetual contracts, connecting crypto trading accounts directly to US equity derivatives. The initial underlying assets, SPCX (SpaceX) and NVDA (NVIDIA), will officially go live for trading at 20:00 UTC on September 17, 2026.

Gate Contract Stock Zone will debut listing 4 perpetual contract trades including DJT (Trump Media & Technology Group)

Odaily News, According to official sources, Gate's Contract Stock Zone will debut the listing of perpetual contract trades (USDT settled) for DJT (Trump Media & Technology Group), RAM (Roundhill T-REX 2x Long DRAM Daily Target ETF), TEM (Tempus AI), and MARA (Marathon Digital Holdings) at 20:00 (UTC+8) on August 28, supporting 1-20x leverage.

Public Citizen: Investors in Trump-Related Crypto Projects Face at Least $4.7 Billion in Unrealized Losses

According to The Block, advocacy group Public Citizen published a report stating that investors in five cryptocurrency products linked to U.S. President Trump face at least $4.7 billion in losses, primarily unrealized losses; meanwhile, Trump has generated at least $1.4 billion in revenue through related crypto businesses in 2025.

Coinbase premium turns positive, indicating bullish sentiment from U.S. institutions on BTC

Odaily News, According to a chart released by Ki Young Ju, founder of CryptoQuant, the Coinbase premium for BTC has turned positive, reflecting bullish sentiment among U.S. institutions.

Bullish Provides $100 Million in Funding to USD.AI to Support GPU-Backed Loans

According to CoinDesk, cryptocurrency platform Bullish will provide $100 million in stablecoin debt financing to USD.AI to support loans collateralized by GPUs and other high-performance computing assets, advancing AI infrastructure development.

MANTRA Discloses Security Incident Post-Mortem: ~721M MANTRA Tokens Transferred, Chain Offline for 30 Hours

MANTRA has released a complete review of the August 20 security incident. The incident stemmed from an unsigned integer underflow vulnerability in the balance accounting layer of the upstream dependency, cosmos/evm. Without requiring privileged access, the attacker transferred a combined total of 720,923,967.99 MANTRA tokens from a burn address and a legacy genesis multisig address, amounting to approximately $3.6 million at pre-incident prices.

Deployed contract count surpasses 800,000, HyperEVM contract deployments hit a new high

Odaily News: According to HyperliquidNews monitoring, the number of contracts deployed on HyperEVM has exceeded 800,000.

Bitget's August TradFi perpetual contract cumulative trading volume surpasses $100 billion

Odaily News, Bitget's latest data shows that the platform's cumulative TradFi perpetual contract trading volume exceeded $100 billion in August, with the average daily number of trading users growing over 10% month-on-month. As of now, Bitget supports a total of 295 stock contract instruments.

USDD × Pendle First Incentive Campaign Successfully Concludes, Second Phase Increased to $600,000 Officially Launched

Decentralized stablecoin USDD announced that the initial incentive campaign for the sUSDD market, developed in collaboration with Pendle, has successfully concluded, and the second phase of incentives has been launched simultaneously. During the first phase, USDD provided over $300,000 in reward subsidies to the market, with the Pendle sUSDD market reaching a peak total value locked (TVL) of nearly $40 million, while the fixed yield for PT tokens consistently remained above 7%. USDD has officially announced that the total reward value for the second phase will increase to $600,000, doubling the amount from Phase 1. The campaign supports users in achieving higher yields through loop lending strategies and runs from August 27, 2026, to November 26, 2026, spanning 91 days. Users can seamlessly carry over their positions from the first phase to continue participating in compounding strategies.

OpenSea integrates Perplexity Computer, enabling queries for multi-chain on-chain market data.

According to The Block, OpenSea has integrated Perplexity Computer, enabling its AI agents to use OpenSea's on-chain marketplace data to answer queries about tokens, collectibles, and activities across more than 25 blockchains.

Bybit lists Bullish Perpetual Contract Today

Odaily News: Bybit has launched the Bullish USDT perpetual contract today, supporting leverage of up to 20x.

HTX has listed INFQ perpetual futures contracts.

According to an official announcement, HTX listed the INFQ/USDT perpetual contract on August 28, supporting 1x to 20x leveraged long and short positions. Concurrently, from today until 15:00 UTC+8 on September 1, HTX is hosting a new coin futures trading competition. Users who complete registration, engage in contract trading for the event's designated assets, and meet the required thresholds will have the opportunity to share a total prize pool of 1 billion $HTX tokens.

California meme coin bill AB 2409 passes both houses, will prohibit public officials from issuing and offering to residents

Odaily News - California's meme coin regulatory bill AB 2409 has passed both the State Assembly and Senate, and now awaits the governor's signature to become law. The bill prohibits public officials and government employees from issuing meme coins, and starting January 1, 2027, prohibits offering meme coin trading to California residents. If signed by the governor, it will become the first state-level bill in the U.S. to impose systematic legislative constraints on meme coins.

Bitget Launches ALIGN Simple Earn, Offering up to 20% APR

Bitget has launched ALIGN Simple Earn, with subscription period from August 28, 19:00 to October 27, 19:00 (UTC+8). During the campaign, users who subscribe to the ALIGN flexible product under the "Simple Earn" section can enjoy up to 20% APR, with a single user subscription cap of 6,000,000 ALIGN. Specific product parameters are subject to the Bitget page display.

Tencent Hunyuan Open-Sources Hy4 Preview: 770B Parameters, 1M Context Window

Tencent Hunyuan has released its next-generation flagship model, Hy4 preview. According to the official WeChat account of Tencent Hunyuan, Hy4 preview features 770B total parameters, 49B active parameters, and a context length of 1M. The model is now open source and available on Tencent Cloud TokenHub and OpenRouter. The official account simultaneously disclosed the aforementioned specifications and announced the open-source release of Hy4 preview. This open-source release covers both the Tencent Cloud TokenHub and OpenRouter platforms.

Privacy Pools vulnerability fixed in March; 0xbow.io awards $5,000 bounty to researcher ross.wei

Odaily News: 0xbow.io, a privacy and regulatory compliance tool supported by the Ethereum Foundation, has awarded a $5,000 bounty to researcher ross.wei for disclosing a vulnerability in the Privacy Pools v1 SDK. The vulnerability reduced the entropy of user account master key generation and was fixed in March. The team has provided a migration process, and no user funds were lost.

Bybit Launches SOL Trading Incentive Campaign with a Total Prize Pool of 50,000 USDT

It is reported that Bybit has recently launched an SOL trading incentive campaign with a total prize pool of 50,000 USDT. During the event, users can participate in reward distribution by trading SOL and BBSOL pairs. This campaign will further enrich SOL trading scenarios, enhance market liquidity for the relevant trading pairs, and boost user engagement.