News linked to both this project and an event.
Odaily News Silicon Valley angel investor Liron Shapira (@liron) posted on X this morning: "I predict (with 50% confidence): due to AI shaking the security and stability guarantees people once believed Bitcoin possessed, BTC's price will plummet more than 50% within the next two years."Ethereum co-founder Vitalik Buterin rebutted this, stating: "I hold the exact opposite view. My basic reasoning is that, in the long run, I am quite optimistic about network security. I believe the main challenge lies in smoothly navigating the transition period. Moreover, I think BTC can at least properly handle all problems that do not require social consensus (such as upgrading clients, mining pools, etc., to counter network-level attacks — these fall into this category). Additionally, I believe the probability of hash algorithms or proof-of-work mechanisms being genuinely broken is extremely slim. I would have wanted to bet with you, but considering my current asset allocation (I guess you hold the same view regarding Ethereum ETH), I have already staked about 90% of my net worth on this bet."
According to Reuters, AI data center optical interconnect company iPronics announced the completion of a $125 million Series B financing round, co-led by Maverick Silicon and Light Street Capital, with participation from NVIDIA, Triatomic Capital, Bosch Ventures, Catalight Capital, the European Innovation Council Fund, and others, bringing the company's total funding to $177 million. iPronics primarily provides rack-mounted optical switching equipment for AI infrastructure. Through its programmable optical layer, it enables AI clusters to dynamically adjust network connections in real time according to training and inference workloads. The new capital will be used to scale operations and accelerate commercial deployment.
Silicon Network has issued a service termination announcement: Effective September 2, 2026, the Silicon L2 bridge deposit function will be suspended, and the testnet will be simultaneously shut down. The user asset withdrawal support period runs from September 2, 2026, to December 31, 2026, at 12:00 (UTC+9). After this deadline, the block explorer will be closed, the network termination process will commence, and unwithdrawn assets will be unrecoverable.
According to Yonhap News Agency, the LLM Token Expenditure Index released by US market information agency Silicon Data fell to 97 cents per million tokens on August 31, marking a historic low since its establishment at the end of last year, down over 50% from the May high of $2.05. Analysts attribute this downward price trend to several key drivers: the launch of the open-source model "Kimi K3" by Chinese AI firm Moonshot AI, OpenAI's price cut for the ChatGPT-5.6 series in July, and the implementation of dynamic pricing mechanisms by leading vendors. While the decline in token prices helps reduce user costs, it will create revenue pressure for model developers such as OpenAI, Anthropic, and Google. The investment head at Seez Group pointed out that foundational model companies are most directly impacted, recommending a strategic shift toward strengthening distribution channels, memory, and context capabilities to raise user switching costs and defend against competitive erosion from open-source models.
In its published analysis, BIT notes that Bitcoin is experiencing its strongest rally since the collapses of Silicon Valley Bank and Signature Bank in March 2023. During that period, US authorities implemented emergency measures to stabilize the banking system, and the current market sentiment mirrors that era—the recent interventions by the US Treasury in the Japanese yen FX market and bond markets have heightened investor expectations for further macroeconomic policy support. Meanwhile, the SEC's proposed regulatory framework for crypto assets has sent increasingly favorable signals, further bolstering market sentiment. BIT's official Chinese-language analysis indicates that Bitcoin has regained its upward momentum, aligning closely with the scenarios discussed in research over the past several weeks.
David Sacks, Chairman of the President's Council of Advisors on Science and Technology, stated on the X platform that using regulatory uncertainty as a competitive tool is "completely unacceptable," and regulatory decisions should be based on facts, logic, and evidence, rather than deliberately creating fear and uncertainty (FUD). He is unsure whether venture capitalist and AI policy researcher Dean Ball is admitting to a "regulatory capture" strategy or merely predicting its occurrence, but in any case, leveraging regulatory agencies to issue "soft law" warnings, creating market panic, and thereby forcing regulated companies to stay away from Chinese open-source models should not be tolerated.David Sacks pointed out that Dean Ball believes there is no need to directly ban Chinese open-source models; simply guiding regulators to issue relevant warnings can influence corporate decisions by generating enough doubt and uncertainty, and these reasons "don't even need to be very solid."In response, Sacks argued that any regulatory decision must be well-founded, rather than implementing policies in disguise through "manufactured doubt." He warned that bypassing public deliberation processes in this way would not only erode the foundation of the rule of law but could also open the door to future regulatory abuses targeting any enterprise or individual.Sacks further stated that AI policy is currently at a critical turning point. Major closed-source labs, which have already formed a duopoly in AI model revenue, are now attempting to use government power to eliminate open-source competitors.He called on other companies and developers in Silicon Valley that still support open competition to take a clear stance and jointly safeguard an open ecosystem in the AI field.
According to the Financial Times, stablecoin issuer Circle banned crypto fund Heka Funds at the end of 2023. Court documents reveal that Circle accused Heka of leveraging large-scale arbitrage operations to buy discounted USDC and redeem cash from Circle during the 2023 Silicon Valley Bank (SVB) crisis, suspecting that the relevant funds ultimately flowed to Tether to help it expand its USDT market share. Arbitration documents disclosed that Tether had invested approximately $800 million in Heka, accounting for about 75% of the fund's assets, and waived its minting fees, but Heka did not disclose this support relationship to Circle. Heka previously filed for arbitration claiming approximately $49 million in lost profits due to the account ban, but the arbitrator rejected all its claims in February this year, determined that Heka engaged in bad faith conduct, and ordered it to pay Circle approximately $166,000 in attorney and expert fees. Heka denied engaging in market manipulation and stated it was not under regulatory investigation.
a16z co-founder Marc Andreessen published a highly satirical long-form post on platform X, centered around the topic of "AI regulation." Through two extreme narratives, he presented the conflicting positions on this issue.In the narrative "against AI regulation," Marc Andreessen portrays regulation as a force that stifles innovation, potentially killing garage startups, weakening the Silicon Valley ecosystem, increasing compliance burdens, and limiting the development of AI and computing infrastructure. He sarcastically notes, "If US AI regulators had policed our grandfathers, they would have banned the use of horse-drawn carriages."In the narrative "supporting AI regulation," Marc Andreessen uses irony to describe the order, safety, and expansion of the industrialized compliance system that regulation could bring. This includes a massive compliance industry, strengthened government regulatory frameworks, and social redistribution mechanisms.However, Andreessen does not offer a single conclusion in the article. Instead, through highly exaggerated language, he highlights the long-term structural conflict and rift within AI regulation between "innovation freedom" and "safety governance."In previous news, Anthropic issued a statement saying that the US government issued an export control directive under the guise of national security authority, requiring the suspension of all foreign entities' access to AI models Fable 5 and Mythos 5, regardless of whether the personnel are within the United States, including Anthropic employees who are foreign nationals.
Odaily News: Ahead of the SpaceX IPO, the SPCX pre-market contract on several CEXs and on-chain Perp DEXs presented arbitrage opportunities due to differences in share count calculations and rebase mechanisms, which multiple KOLs capitalized on. Among them, crypto KOL Silicon Bird | Ray shared: “Last night, I went long on BN and short on HL, still capturing a 10-point arbitrage opportunity. BN issued a rebase announcement last night. Since the initially estimated share count (11.87B) differed from the actual share count (13.08B), SPCXUSDT positions will be converted at a ratio of 1.1. This means BN’s SPCX price will be divided by 1.1, while the position size will be multiplied by 1.1. This created a massive arbitrage opportunity because SPCX on Hyperliquid was also originally launched based on the 11.87B share count. However, the documentation clearly states that Hyperliquid’s SPCX will not rebase (as an HIP-3 DEX, trade.xyz doesn’t have this capability either). Hyperliquid’s current SPCX tracks the Class A common stock price. I submitted a ticket to trade.xyz and received a clear response confirming there will be no rebase.” Additionally, he analyzed the reasons behind "SPCX on trade.xyz will not rebase," stating: “There are several key reasons. Those familiar with Hyperliquid and trade.xyz understand their relationship: the former is a trading-specific L1 blockchain, while the latter is a DEX based on Hyperliquid’s HIP-3. trade.xyz is somewhat like an outsourced team, essentially just setting up a platform within Hyperliquid’s ecosystem.1. We need to understand that a rebase is an extremely complex operation, involving halting trading, forced liquidations, and reopening positions. This is a major engineering challenge even for large CEXs (such as OKX and BN, which are undergoing this rebase). Smaller exchanges like Bitget have simply given up and opted for a relist. For an on-chain team dependent on another blockchain, this is an even more daunting task.2. When trade.xyz first launched the contract, it mentioned an estimated share count of 11.87B. However, they later realized this could be controversial and promptly removed any mention of the estimated share count from their documentation. They clearly emphasized that the price tracked by SPCX on trade.xyz is the Class A common stock price of SPCX, and added extensive disclaimers stating there will be no rebase.”Crypto KOL KyleChen also posted last night: “The optimal hedging strategy should be on OKX’s pre-market perpetual. The IPO subscription cost is 142u, leaving around 14% profit margin. Comparison of three pre-market platforms:- OKX Pre SpacX: 162u, essentially confirmed as per-share price- Binance current price: 167u, with an announced rebase scheduled for 6/10 at a factor of 1.1, resulting in an adjusted price around 151.2u- Hyperliquid: 168u, its pre-market contract is provided via trade.xyz based on HIP-3. From a technical infrastructure standpoint, the contract does not directly supp
: “New Stock God” Serenity posted on platform X, stating that the proposal for the EU Chips Act 2.0 has been officially released. Photonics technology has been confirmed as a structural component of EU policy, which constitutes a long-term positive for the photonics industry. The proposal explicitly supports the development of photonic integrated circuits (PICs) and related technologies. This includes building and strengthening the advanced design, prototyping, and industrialization capabilities for PICs, expanding the EU's design capabilities in the photonics field, supporting pilot production lines and open semiconductor manufacturing facilities for PICs and related technologies, and developing and maintaining design libraries and design automation tools for PICs. The key policy directions include:1. Co-packaged optics (CPO/interconnects) for AI data centers, benefiting Sivers (SIVE)2. Silicon photonics applications for high-bandwidth data center interconnects, benefiting X-FAB (XFAB)3. Strengthening production technical capabilities for photonic integrated circuits, including co-packaging, heterogeneous integration, and material platforms4. The strategic position of SOI wafers within the EU is confirmed, with Soitec and Siltronic being key participantsSerenity's analysis indicates that the Act structurally benefits leading European photonics companies, especially those involved in AI data centers. It is expected that related stocks will benefit sequentially within 3 to 15 months after the policy release, and the market may have already started to react in a forward-looking manner.