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Project Overview
Share is a decentralized Web3 social writing platform where authors can publish books as NFTs and readers can interact with their favorite authors. Share offers authors a new way to make a living from their writing: they can convert and sell their books/articles as NFTs (Ebooks/PDFs) and sell them via a future NFT Marketplace for authors and readers, and set prices for collectible posts via the Lens protocol.
ARK Invest Releases Updated Tesla Valuation: Market Cap Could Reach $17.5 Trillion by 2031, with a Price Target of $4,400 per Share
ARK Invest has released an update to its open-source Tesla valuation model, projecting that Tesla will be worth approximately $4,400 per share by 2031. A Monte Carlo simulation based on 32 independent variables shows a bear case of around $3,300 per share and a bull case of around $5,000 per share, corresponding to annualized share price gains of 53% and 66%, respectively, with the base case implying an annualized return of approximately 62%.Under the base case, ARK Invest expects Tesla's total revenue to reach approximately $1.45 trillion by 2031, with EBITDA of about $902 billion and a market capitalization of approximately $17.5 trillion.To support the development of its AI and robotics businesses, the model also assumes that Tesla's cumulative AI infrastructure spending will increase from approximately $7 billion at the end of 2025 to approximately $225 billion by the end of 2031. Robotaxi is expected to become Tesla's primary source of value, contributing approximately 80% of enterprise value by 2031. The humanoid robot Optimus will also become an important growth engine, with Tesla's cumulative external sales of Optimus robots reaching approximately 1 million units by 2031, and revenue from robotics-as-a-service (RaaS) and related businesses amounting to approximately $212 billion.However, ARK Invest cautions that these valuations depend on multiple assumptions, including the pace of autonomous driving commercialization, the maturity of robotics technology, profit margins, and capital efficiency. Actual results may differ significantly from these projections. The model is for reference only and does not constitute investment advice.
Metaplanet Issues 52 Billion Yen Zero-Coupon Convertible Bonds for Debt Repayment and Share Buybacks
Odaily News: Metaplanet has announced the issuance of zero-coupon euro-yen convertible bonds maturing in 2031, with a total scale of 52 billion yen, issued at 102.5% of face value. The bonds will be listed on the Singapore Exchange on October 29, with Merrill Lynch International serving as sole bookrunner. Net proceeds of approximately 51.9 billion yen will be raised, of which approximately 23.6 billion yen will be used to repay the Bitcoin-backed credit facility, which currently has an outstanding balance of approximately $650 million; up to 28.3 billion yen will be used for share buybacks, covering approximately 97.94 million shares, representing approximately 7.1% of issued shares, to offset potential dilution and increase Bitcoin holdings per share. This financing is a key component of Metaplanet's "Project Nova" strategy. Metaplanet currently holds 44,000 Bitcoin, with operations spanning financing, asset management, settlement, and financial product development, and plans to transform from a Bitcoin holder into a Bitcoin-centric native financial platform. The company completed the acquisition of Metaplanet Securities and Superplanet (Nasdaq: SUPA) in 2026, establishing them as the operational foundation for Japan-U.S. capital markets.
Gate August Transparency Report: RWA Perpetual Contract OI Market Share Reaches 49.6%, Ranking First Globally; 30-Day Net Inflow Ranks Among Top Two CEXs
Odaily News: Digital asset trading platform Gate has released its August 2026 Transparency Report. The report shows that in August, multiple Gate business lines received recognition from institutional data providers including CoinDesk, CryptoQuant, CryptoRank, and DefiLlama. Among them, Gate's stock perpetual contract trading volume grew 308% month-over-month, maintaining triple-digit growth for three consecutive months; the RWA perpetual contract open interest (OI) market share reached 49.6%, ranking first globally among centralized trading platforms. Meanwhile, Gate's 24-hour spot and derivatives trading volume stood at approximately $9.5 billion, with open interest reaching $12.48 billion, both ranking among the global top three; 30-day net inflow reached $308.1 million, ranking second among mainstream trading platforms.In terms of traditional financial asset trading, Gate's CFD business continues to expand its asset coverage, now covering 680 trading pairs, spanning major TradFi assets including forex, metals, energy, indices, and stocks. In terms of overall TradFi product layout, Gate now covers over 1,000 TradFi assets, with stock derivatives covering more than 360 underlying assets, both ranking first globally, further enhancing its multi-asset trading matrix.As digital assets and traditional financial markets continue to converge, Gate is steadily expanding diverse trading scenarios including stocks, RWA, CFD, and derivatives. By enriching asset supply and trading tools, it is further improving its comprehensive trading infrastructure that connects digital assets with traditional financial markets.
Global Capital Increases Investment in Chinese Tech Assets, Over 200 Foreign Institutions Survey A-Share Companies
Hamilton, Head of Client Solutions for Invesco Asia-Pacific, noted that many Chinese technology enterprises show a positive earnings trend, while valuation levels remain far lower than most global technology peers, creating a highly attractive risk-return ratio for global investors. Investors are increasingly recognizing that China is not only a user of AI technology, but also an important innovator in fields such as AI large models, cloud infrastructure, semiconductors, and intelligent manufacturing.
Moonshot AI issued a statement to refute false financing rumors and has reported to public security authorities.
According to Red Star News, Moonshot AI Kimi issued a statement on August 14, stating that it has reported acts of false financing using the company's name and suspected illegal criminal activities in the market to the public security organs, and will pursue accountability to the fullest extent. The statement explicitly denied the existence of so-called "Friend Fund", "Special Channel", "Old Share Quota", "Reserved Quota", "Official Agent", or "Authorized Intermediary" during the financing process, reminded investors to be aware of risks, and advised that suspicious transactions can be reported to the company's legal department.
OpenAI Completes $7 Billion Employee Share Buyback, Valuation Remains Unchanged at $852 Billion
According to Bloomberg, OpenAI has completed an employee share buyback transaction worth approximately $7 billion. This move aims to provide liquidity exit opportunities for current and former employees and is widely regarded as a significant precursor to the company's IPO preparations. Sources familiar with the matter disclosed that the funding for this buyback came from OpenAI itself, rather than involving external investors in a tender offer. Following the transaction, OpenAI's valuation remained at $852 billion, consistent with its most recent financing round valuation.
Circle CEO: Will Expand Into Approximately 50 Emerging Markets Including Southeast Asia, Latin America, and the Middle East to Capture Cross-Border Payment Market Share
According to a Reuters report cited by CoinDesk, Jeremy Allaire, CEO of Circle, the issuer of the stablecoin USDC, stated in an interview that the company plans to enter approximately 50 emerging and developing markets. The reason is that businesses and individuals in Southeast Asia, Latin America, and the Middle East are increasingly using stablecoins for payments and other financial services. Allaire believes that blockchain technology is transitioning from the early adoption phase to mainstream expansion. Allaire also noted that clearer regulatory frameworks, such as the U.S. GENIUS Act, are driving stablecoin adoption. He welcomed banks developing their own digital currencies and pointed out an increasing trend of AI agents using USDC for micropayments.
Korea Exchange Night Trading Hits One-Month Mark: High Retail Investor Share Sparks Liquidity Concerns
According to South Korean media outlet EToday, the Korea Exchange’s (KRX) after-hours trading market, which supports overnight trading for all listed stocks, has completed its first month of operation, with analysis revealing that an imbalanced market participation structure has emerged as the primary issue. KRX data shows that during the first week following the launch of the after-hours session (September 14 to 18), retail investors accounted for 90.4% of trading volume, while foreign and institutional investors represented only 6.7% and 2.6%, respectively. An investor structure overly skewed toward retail traders may lead to inadequate market liquidity and amplify price volatility for individual stocks. To prevent the market from becoming a purely formal extended trading session, further improvements to the price formation mechanism, stronger overnight trading regulation, and the promotion of reforms in information disclosure, shareholder returns, and the tax system remain necessary.
Trading Volume Grows in Tandem: Hyperliquid and Centralized Exchanges Are Not Experiencing a One-Way Shift in Market Share
Dragonfly Managing Partner Haseeb Qureshi stated that Hyperliquid has limited user base overlap with centralized exchanges, with many users who cannot complete compliant KYC or have difficulty accessing mainstream platforms using Hyperliquid as their primary trading gateway. While Hyperliquid's market share has grown, trading volumes on centralized exchanges have not declined; both sides are expanding, and the market resembles an expansion of boundaries rather than a one-way transfer of share. Haseeb predicts that the crypto market will perform well over the next 6 to 12 months and believes that crypto investment will gradually integrate into fintech, digital banking, consumer products, stablecoin backends, and AI, among other sectors.
Bernstein: Prediction Markets to Reach $10 Trillion by 2035, Kalshi to Capture 60% Share
Bernstein believes the exchange model transforms sports betting into a traffic-driven business, operating without house positions and utilizing a global order book with institutional market making. The firm assigns an Outperform rating to Robinhood (HOOD) and Coinbase (COIN), recommending focus on regulatory progress and the pace of institutional adoption.
France Proposes Legislation to Automatically Share Crypto Tax Data with 48 Countries
Odaily News – French Foreign Minister Jean-Noël Barrot submitted Bill No. 921 to the Senate on July 17, proposing to incorporate the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD) into French law, and to automatically exchange crypto data with 48 countries that have signed related agreements. The exchanged information includes specific transactions, user names, addresses, tax identification numbers, place of residence, and cumulative transaction value during the reporting period. EU member states are already preparing for relevant data exchanges under the DAC-8 directive, which will take effect on September 30, 2027. Once the bill is approved, the French government will accelerate crypto data collection. A Chainalysis report shows that as of 2026, France has recorded 30 publicly known violent robberies of crypto assets; the report also states that a tax official in the Paris region is suspected of selling data on high-net-worth crypto holders.
X Governance Creator Revenue Share Program: Nearly 4,000 Accounts Removed, Over $1 Million in Revenue to Be Returned to Original Creators
: X platform product lead Nikita Bier announced that the platform is upgrading the anti-cheat mechanism of its Creator Revenue Share Program, targeting engagement baiting and content plagiarism.Bier stated that if an account posts "engagement baiting" content multiple times—such as "reply to me and I'll follow everyone" or similar actions to solicit engagement—cumulatively three times or more, it will be removed from the creator revenue share program and referred to the policy team for further action, including the risk of account suspension. Currently, X has identified such behaviors through the Grok AI system, and nearly 4,000 accounts have been removed from the revenue program today.Additionally, X's updated content identification model can detect duplicate content three times more efficiently than before. The platform stated that merely adding watermarks, intros, or making simple modifications will not qualify for revenue. The related commercial display revenue will be returned to the original content poster. This mechanism also applies to copying popular text posts, such as high-engagement content like "Twitter is the smoking area of the internet."According to Nikita Bier, during this detection cycle, X found approximately 1.5 million instances of stolen content. For accounts that repeatedly or deliberately attempt to evade detection, the platform will revoke their creator revenue eligibility.X stated that through these governance measures, it is expected that over $1 million in revenue will be redistributed to original content creators, aiming to improve the quality of the platform's content ecosystem.
Bonk Guy: Robinhood Earnings Boost On-Chain Ecosystem, PONS Captures 88% Market Share on Robinhood Chain Launchpad
Odaily reports: Trader Bonk Guy (@theunipcs) posted that Robinhood's latest earnings results represent a major positive for the on-chain ecosystem, with Robinhood Chain playing a key role in the growth of its crypto business revenue. Robinhood CEO Vlad Tenev also explicitly expressed positive expectations for the future development of its on-chain business.Bonk Guy further noted that PONS currently holds approximately 88% market share of the Robinhood Chain token launchpad. If the Robinhood Chain ecosystem has already bottomed out, PONS is well-positioned to capture a significant share of future capital flowing into the ecosystem, and he expressed strong bullishness on PONS's subsequent performance.
Gate August Transparency Report: RWA Perpetual Contract OI Market Share Reaches 49.6%, Ranking First Globally; 30-Day Net Inflow Ranks Among Top Two CEXs
Odaily News: Digital asset trading platform Gate has released its August 2026 Transparency Report. The report shows that in August, multiple Gate business lines received recognition from institutional data providers including CoinDesk, CryptoQuant, CryptoRank, and DefiLlama. Among them, Gate's stock perpetual contract trading volume grew 308% month-over-month, maintaining triple-digit growth for three consecutive months; the RWA perpetual contract open interest (OI) market share reached 49.6%, ranking first globally among centralized trading platforms. Meanwhile, Gate's 24-hour spot and derivatives trading volume stood at approximately $9.5 billion, with open interest reaching $12.48 billion, both ranking among the global top three; 30-day net inflow reached $308.1 million, ranking second among mainstream trading platforms.In terms of traditional financial asset trading, Gate's CFD business continues to expand its asset coverage, now covering 680 trading pairs, spanning major TradFi assets including forex, metals, energy, indices, and stocks. In terms of overall TradFi product layout, Gate now covers over 1,000 TradFi assets, with stock derivatives covering more than 360 underlying assets, both ranking first globally, further enhancing its multi-asset trading matrix.As digital assets and traditional financial markets continue to converge, Gate is steadily expanding diverse trading scenarios including stocks, RWA, CFD, and derivatives. By enriching asset supply and trading tools, it is further improving its comprehensive trading infrastructure that connects digital assets with traditional financial markets.
WEEX Hackathon Season 2 Opens Early Registration: First 2,000 Registrants Share 100,000 USDT Early Bird Prize Pool
Odaily News, September 3 — WEEX Exchange announced that the WEEX Hackathon Season 2, themed "AI Wars II: The Algorithm Era," is now officially live. Global AI developers, quantitative traders, Web3 builders, teams, and individuals are invited to join Team AI or Team Human to compete in five rounds of live market trading battles, vying for rankings and rewards based on PnL% performance. The total prize pool stands at 600,000 USDT, with multi-tiered incentives designed to accommodate different participation methods.The early registration phase runs from September 3 to 6, during which the first 2,000 registrants can share in the 100,000 USDT Early Bird prize pool. Additionally, users who register early can complete event tasks ahead of time to accumulate activity points for the upcoming competition.
Exchange Stablecoin Reserves Shrink 20%, Binance Share Rises Against the Trend to 68.5%
According to BeInCrypto, CryptoQuant data shows that centralized exchange stablecoin reserves fell from a high of about $80 billion at the end of 2025 to about $64 billion, shrinking by about $16 billion (about 20%). Among them, Binance showed relative resilience, with its stablecoin share rising from just over 60% to 68.5%, while platforms such as Coinbase, Bybit, and OKX saw more significant reductions. Meanwhile, on-chain analysis platform Santiment detected that pessimistic sentiments such as "crypto is dead" on X and Reddit continued to intensify, with the Crypto Fear & Greed Index currently at 46, still in the fear zone. The total stablecoin supply also fell from a high of nearly $316 billion in May to $300.89 billion, but the decline was far lower than on the exchange side, indicating that some liquidity may have shifted on-chain rather than exiting completely.
Analyst: Short-Term Holder Supply Share Continues to Contract, May Reflect Bitcoin Is in Opportunity Zone
CryptoQuant analyst Darkfost stated that the share of supply held by Short-Term Holders (STH) in the Bitcoin market is declining significantly, with the current distribution as follows: less than 1 day accounts for 1.2%, 1 day to 1 week accounts for 2%, 1 week to 1 month accounts for 5.6%, 1 month to 3 months accounts for 6.7%, and 3 months to 6 months accounts for 8.1%. He believes that this trend usually appears at the end of a bear market: on one hand, it indicates that the number of Long-Term Holders (LTH) is increasing, with fewer coins in active circulation in the market; on the other hand, it also indicates that new demand has not yet significantly returned.
Foxconn Q2 Net Profit Up 35% YoY, AI Server Revenue Share Surpasses 50% for First Time
According to The Straits Times, Taiwan Foxconn (Hon Hai Precision Industry) announced its Q2 financial report on August 12, with net profit increasing 35% year-on-year to NT$59.97 billion (approximately SGD 2.38 billion), exceeding analysts' expectations of NT$58.8 billion. Specifically, revenue from cloud and networking products (including AI servers) accounted for 51%, breaking through 50% for the first time, while smart consumer electronics (including iPhone) accounted for 29%. Rotating CEO Shang-Yi Chiang stated that AI-related business will continue to grow in Q3, and coupled with the peak season effect of ICT products, significant quarter-on-quarter growth is expected. Nvidia's new generation Vera Rubin AI server racks will enter preparation for mass production in Q3 and start shipping from Q4, expected to become Foxconn's core product next year. In addition, Foxconn expects capital expenditure in 2026 to increase 30% year-on-year, and will continue to expand AI server and electric vehicle manufacturing capacity in India, Mexico, and Texas, USA. The company's stock price has risen 17% year-to-date, closing up 2.7% for the day.
WEEX Hackathon Season 2 Opens Early Registration: First 2,000 Registrants Share 100,000 USDT Early Bird Prize Pool
Odaily News, September 3 — WEEX Exchange announced that the WEEX Hackathon Season 2, themed "AI Wars II: The Algorithm Era," is now officially live. Global AI developers, quantitative traders, Web3 builders, teams, and individuals are invited to join Team AI or Team Human to compete in five rounds of live market trading battles, vying for rankings and rewards based on PnL% performance. The total prize pool stands at 600,000 USDT, with multi-tiered incentives designed to accommodate different participation methods.The early registration phase runs from September 3 to 6, during which the first 2,000 registrants can share in the 100,000 USDT Early Bird prize pool. Additionally, users who register early can complete event tasks ahead of time to accumulate activity points for the upcoming competition.
"White-Haired Stock God" Serenity Slams the Paid Investment Research Community: Would Rather Share Openly Than Sell "Wall Street Secrets"
The self-proclaimed "White-Haired Stock Guru" Serenity posted that he recently observed a disappointing pattern: first attempting to compete for the same audience, then quickly funneling traffic toward paid communities or high-priced services. After he refuses to join or promote paid groups, they switch to personal attacks, framing them as "fundamental viewpoint disagreements." When he first joined X, financial content was saturated with luxury watches, private jets, options trading, and promotions for "Wall Street Secrets" paid communities and technical analysis charts. Consequently, he has always aimed to take a different approach by publicly sharing his research and investment logic, making it freely accessible to everyone so they can form their own judgments. Serenity added that although some had previously claimed he would eventually raise the subscription price to $100, his rate has consistently remained at $1 for months and will continue to be kept at the lowest possible price. He also outlined his investment perspectives on stocks such as AXTI, NBIS, AEHR, MU, and INTC. Serenity noted that some investment themes may not be verifiable until 2027–2028, covering subjects related to Sivers, Foci, and Shunsin. Finally, Serenity emphasized that not every investment thesis needs to be right, as uncertainty is inherent to research. Rather than seeing information increasingly trapped behind a $100 paywall or diluted by engagement-bait content, he hopes X will cultivate a new culture centered on openly sharing investment logic, enabling everyone to learn from rigorous research.
Data: Ethereum and BNB Chain Share 65,340 High-Risk Addresses, with Associated Losses Exceeding $574 Million
Odaily News - A study published at USENIX Security '26 reveals that researchers identified 65,340 high-risk cryptocurrency addresses involved in abuse on Ethereum and BNB Chain, with associated native token losses reaching 126,982.94 ETH and 17,726.7 BNB. The study estimates that total losses linked to these addresses exceed $574.8 million, of which two newly described active attack vectors directly caused approximately $15.7 million in losses (2.7% of the total). The first category involves contract account misuse and exploitation of deterministic contract addresses; the second leverages EIP-7702 to delegate accounts with exposed keys to malicious code that directly transfers deposits. The research team extracted over 16.3 million unique private keys by mining 63,004 GitHub repositories from January 2015 to May 2025, achieving an overall accuracy rate of 99.11% in detection results. (Cryptoslate)
X Governance Creator Revenue Share Program: Nearly 4,000 Accounts Removed, Over $1 Million in Revenue to Be Returned to Original Creators
: X platform product lead Nikita Bier announced that the platform is upgrading the anti-cheat mechanism of its Creator Revenue Share Program, targeting engagement baiting and content plagiarism.Bier stated that if an account posts "engagement baiting" content multiple times—such as "reply to me and I'll follow everyone" or similar actions to solicit engagement—cumulatively three times or more, it will be removed from the creator revenue share program and referred to the policy team for further action, including the risk of account suspension. Currently, X has identified such behaviors through the Grok AI system, and nearly 4,000 accounts have been removed from the revenue program today.Additionally, X's updated content identification model can detect duplicate content three times more efficiently than before. The platform stated that merely adding watermarks, intros, or making simple modifications will not qualify for revenue. The related commercial display revenue will be returned to the original content poster. This mechanism also applies to copying popular text posts, such as high-engagement content like "Twitter is the smoking area of the internet."According to Nikita Bier, during this detection cycle, X found approximately 1.5 million instances of stolen content. For accounts that repeatedly or deliberately attempt to evade detection, the platform will revoke their creator revenue eligibility.X stated that through these governance measures, it is expected that over $1 million in revenue will be redistributed to original content creators, aiming to improve the quality of the platform's content ecosystem.
Ripple to Share North Korean Threat Intelligence with Crypto Industry to Counter Long-Period Social Engineering Attacks
According to CoinDesk, Ripple announced on Monday that it will share its internal intelligence on North Korean hackers with Crypto ISAC, a threat intelligence-sharing organization for the cryptocurrency industry, to help businesses identify coordinated intrusion campaigns. This move comes amid a recent shift in attack patterns targeting the cryptocurrency sector. The April theft of $285 million from the Drift protocol was not a traditional smart-contract vulnerability exploit; instead, North Korean hackers spent months building relationships with Drift contributors and installing malware on their devices before stealing private keys. Ripple stated: “The strongest crypto security posture is a shared one. A threat actor rejected by one company after background screening may submit resumes to three other companies the same week. Without shared intelligence, each company starts from scratch.”
ARK Invest Releases Updated Tesla Valuation: Market Cap Could Reach $17.5 Trillion by 2031, with a Price Target of $4,400 per Share
ARK Invest has released an update to its open-source Tesla valuation model, projecting that Tesla will be worth approximately $4,400 per share by 2031. A Monte Carlo simulation based on 32 independent variables shows a bear case of around $3,300 per share and a bull case of around $5,000 per share, corresponding to annualized share price gains of 53% and 66%, respectively, with the base case implying an annualized return of approximately 62%.Under the base case, ARK Invest expects Tesla's total revenue to reach approximately $1.45 trillion by 2031, with EBITDA of about $902 billion and a market capitalization of approximately $17.5 trillion.To support the development of its AI and robotics businesses, the model also assumes that Tesla's cumulative AI infrastructure spending will increase from approximately $7 billion at the end of 2025 to approximately $225 billion by the end of 2031. Robotaxi is expected to become Tesla's primary source of value, contributing approximately 80% of enterprise value by 2031. The humanoid robot Optimus will also become an important growth engine, with Tesla's cumulative external sales of Optimus robots reaching approximately 1 million units by 2031, and revenue from robotics-as-a-service (RaaS) and related businesses amounting to approximately $212 billion.However, ARK Invest cautions that these valuations depend on multiple assumptions, including the pace of autonomous driving commercialization, the maturity of robotics technology, profit margins, and capital efficiency. Actual results may differ significantly from these projections. The model is for reference only and does not constitute investment advice.
PancakeSwap Proposes Raising LP Fee Share to 88% and Cutting Daily CAKE Emission by 69%
According to official announcements, the PancakeSwap core team (The Kitchen) has released a tokenomics proposal titled “The Flip”. The proposal recommends increasing the trading fee share for liquidity providers (LPs) on PancakeSwap v3 and Infinity to 88% across all 11 supported chains, with the remaining 12% allocated as protocol fees to the treasury, while v2 remains unchanged.
Korea Exchange Night Trading Hits One-Month Mark: High Retail Investor Share Sparks Liquidity Concerns
According to South Korean media outlet EToday, the Korea Exchange’s (KRX) after-hours trading market, which supports overnight trading for all listed stocks, has completed its first month of operation, with analysis revealing that an imbalanced market participation structure has emerged as the primary issue. KRX data shows that during the first week following the launch of the after-hours session (September 14 to 18), retail investors accounted for 90.4% of trading volume, while foreign and institutional investors represented only 6.7% and 2.6%, respectively. An investor structure overly skewed toward retail traders may lead to inadequate market liquidity and amplify price volatility for individual stocks. To prevent the market from becoming a purely formal extended trading session, further improvements to the price formation mechanism, stronger overnight trading regulation, and the promotion of reforms in information disclosure, shareholder returns, and the tax system remain necessary.
SEC Proposes Updating Securities Transfer Agent Rules to Include Blockchain-Based Securities Issuance and Share Transfers
the U.S. Securities and Exchange Commission (SEC) on September 1 proposed the first major update to securities transfer agent rules since the late 1970s, aiming to adapt to the shift from paper records to electronic data.SEC Chairman Paul Atkins said the rules should reflect how securities transfer agents actually operate today and in the future, including the use of blockchain technology in securities issuance and share transfers.Securities transfer agents are responsible for maintaining official records of securities ownership, processing transfers and restrictive legends, and collaborating with the Depository Trust & Clearing Corporation (DTCC) as part of the national clearing and settlement system. (CoinDesk)
Glassnode: Gate Ranks Top 3 Globally in BTC Spot Trading Volume, Leading in Both Two-Year Ranking Climb and Market Share Growth
Odaily News — According to Glassnode's latest "The Week On-chain - Escape Velocity" report, among the exchanges tracked by Glassnode, Gate has climbed 4 positions in BTC spot trading volume rankings over the past two years, marking the largest gain on the list and securing the third spot globally. During the same period, Gate's share of BTC spot trading volume within the tracked scope surged from 2.0% to 9.1%, a net increase of 7.1 percentage points — the largest growth among all exchanges.The report notes that Gate's rise is both sustained and long-lasting. Over the past 24 months, Gate has held a top-three position in BTC spot trading volume for 9 months, demonstrating continuously strengthening market competitiveness. As the exchange leading all platforms in both ranking improvement and market share growth, Gate's trading activity and market participation in the BTC spot market continue to expand.Glassnode also points out that the 24-hour spot trading volume across all exchanges has rebounded 121% from its August trough, with returning capital flowing to multiple trading platforms. Against the backdrop of an overall recovery in market activity, Gate's simultaneous gains in market share and global ranking stand out notably, fully demonstrating its growing momentum and expanding industry influence in the BTC spot market.
X-Agent Releases Latest Whitepaper: Taking AI from "Content Generation" to "Execution and Transactions"
Odaily News: AI Agent onchain operating system (AI Agent Onchain OS) X-Agent has released its latest whitepaper, systematically introducing its product architecture, MCP ecosystem, business model, and the use cases of $XAGT.The whitepaper points out that the next phase of the AI industry is not just about generating text, images, or code, but about enabling Agents to understand user intent, invoke tools, execute tasks, and complete transactions. Centered around the philosophy of "Speak to Build, Share to Connect," X-Agent allows users to create AI Agents with context, memory, skills, API, and wallet connectivity capabilities through natural language, without writing any code.In terms of business model, X-Agent aims to connect the full chain of Agent creation, MCP capability integration, distribution, payment, and monetization. Developers can package APIs, data, and professional services into MCP capabilities and earn revenue through pay-per-call, subscriptions, or transaction commissions.$XAGT is planned to be used for computing costs of secure runtime environments, LLM and API calls, Agent transaction settlement, MCP service payments, Premium Agent template purchases, and developer deployment. In the future, it will also expand to service staking, multi-Agent settlement, and ecosystem governance scenarios.According to the project team, X-Agent currently has over 1 million registered users, has completed over 1.1 million autonomous tasks cumulatively, and has consumed over 84 billion LLM Tokens. In the future, the project will also advance Super-Agent, enterprise sandbox, decentralized Agent Store, and multi-Agent collaboration systems.
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Monthly Volume Exceeds Full-Year 2024, September Stablecoin Payment Card Spending Reaches $1.231 Billion, RedotPay Share Drops to 33%
in September 2026, global stablecoin payment card spending reached approximately $1.231 billion, with single-month volume surpassing the full-year 2024 level, and cumulative third-quarter spending of about $3.394 billion. RedotPay's spending for the month was approximately $403 million, with its market share dropping from an early ~85% to about 33%. Stablecoin payment card transactions remain highly dependent on traditional card networks, with Visa processing the vast majority of transactions.
Bonk Guy: Robinhood Earnings Boost On-Chain Ecosystem, PONS Captures 88% Market Share on Robinhood Chain Launchpad
Odaily reports: Trader Bonk Guy (@theunipcs) posted that Robinhood's latest earnings results represent a major positive for the on-chain ecosystem, with Robinhood Chain playing a key role in the growth of its crypto business revenue. Robinhood CEO Vlad Tenev also explicitly expressed positive expectations for the future development of its on-chain business.Bonk Guy further noted that PONS currently holds approximately 88% market share of the Robinhood Chain token launchpad. If the Robinhood Chain ecosystem has already bottomed out, PONS is well-positioned to capture a significant share of future capital flowing into the ecosystem, and he expressed strong bullishness on PONS's subsequent performance.
ARK Invest Releases Updated Tesla Valuation: Market Cap Could Reach $17.5 Trillion by 2031, with a Price Target of $4,400 per Share
ARK Invest has released an update to its open-source Tesla valuation model, projecting that Tesla will be worth approximately $4,400 per share by 2031. A Monte Carlo simulation based on 32 independent variables shows a bear case of around $3,300 per share and a bull case of around $5,000 per share, corresponding to annualized share price gains of 53% and 66%, respectively, with the base case implying an annualized return of approximately 62%.Under the base case, ARK Invest expects Tesla's total revenue to reach approximately $1.45 trillion by 2031, with EBITDA of about $902 billion and a market capitalization of approximately $17.5 trillion.To support the development of its AI and robotics businesses, the model also assumes that Tesla's cumulative AI infrastructure spending will increase from approximately $7 billion at the end of 2025 to approximately $225 billion by the end of 2031. Robotaxi is expected to become Tesla's primary source of value, contributing approximately 80% of enterprise value by 2031. The humanoid robot Optimus will also become an important growth engine, with Tesla's cumulative external sales of Optimus robots reaching approximately 1 million units by 2031, and revenue from robotics-as-a-service (RaaS) and related businesses amounting to approximately $212 billion.However, ARK Invest cautions that these valuations depend on multiple assumptions, including the pace of autonomous driving commercialization, the maturity of robotics technology, profit margins, and capital efficiency. Actual results may differ significantly from these projections. The model is for reference only and does not constitute investment advice.
Glassnode: Over 40% of Large-Cap Altcoins' Leverage Ratios Approach Yearly Highs, Mid-Cap Altcoin Leverage Share Hits New High for the Year
According to on-chain analytics platform Glassnode (@glassnode), leverage levels in the altcoin market remain elevated. Since leverage rates peaked earlier this month, altcoin prices have already pulled back, but leverage ratios for over 40% of large-cap altcoins remain near their highest levels of the year, while the proportion of mid-cap altcoins in a high-leverage state has risen to an annual peak. Glassnode points out that if prices decline further, a significant number of long positions across the market may face liquidation risk.
Circle CEO: Will Expand Into Approximately 50 Emerging Markets Including Southeast Asia, Latin America, and the Middle East to Capture Cross-Border Payment Market Share
According to a Reuters report cited by CoinDesk, Jeremy Allaire, CEO of Circle, the issuer of the stablecoin USDC, stated in an interview that the company plans to enter approximately 50 emerging and developing markets. The reason is that businesses and individuals in Southeast Asia, Latin America, and the Middle East are increasingly using stablecoins for payments and other financial services. Allaire believes that blockchain technology is transitioning from the early adoption phase to mainstream expansion. Allaire also noted that clearer regulatory frameworks, such as the U.S. GENIUS Act, are driving stablecoin adoption. He welcomed banks developing their own digital currencies and pointed out an increasing trend of AI agents using USDC for micropayments.
Strive Announces SATS IPO Upsized to $700 Million, Priced at $90 per Share
Odaily — Strive announced that it has upsized its SATS IPO to $700 million, with a price of $90 per share. Strive's CEO said details will be discussed in depth in the next episode of HurdleRatePod, which will be released after the IPO settles next Tuesday.