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According to TheEnergyMag, Bitcoin mining company Hut 8 announced that it has secured a $1.07 billion senior secured revolving credit facility, with a term of four years. The funds will be used to support the company's liquidity needs and energy and digital infrastructure projects.

On September 28, the WEEX AI Trading Hackathon "AI Wars II: The Era of Algorithms" officially launched its fourth round of competition, which will run from 9/28 to 10/2. You can choose to join Team AI or Team Human. The AI team can access automated trading tools such as AI Agents through the WEEX API, while the Human team will engage in manual trading. Both sides will compete in a real market environment, vying for rankings and a prize pool of 25,000 USDT based on PnL%.AI Wars II consists of five rounds of competition, and so far, the Human team is leading the AI team 2:1. The real-time battle status on the WEEX official website shows that in the fourth round, the AI team's return is currently 7 percentage points ahead of the Human team. According to the event rules, the winning team can share 70% of each round's prize pool, while the losing team will still receive 30% of the prize pool share.

According to Lookonchain monitoring, a "whale" address transferred out 4,500 BTC (worth 378.79 million USD) after being inactive for more than four years.

The cryptocurrency exchange Bitget has migrated institutional client collateral to the over-the-counter custody solution Sygnum Protect of the Swiss crypto bank Sygnum. Client collateral is stored in Sygnum's segregated accounts and is simultaneously mapped back to Bitget for trading, reducing counterparty risk.Sygnum is a digital asset bank holding a Swiss FINMA banking license, and its Sygnum Protect service allows clients to trade on mainstream crypto exchanges while storing collateral off-chain in a bankruptcy-remote manner, supporting the selection of stable, yield-generating collateral. Bitget is the fourth trading platform to access Sygnum Protect, following Binance, Deribit, and Bybit.

The on-chain derivatives protocol Variational announced that the Token Generation Event (TGE) for the token $VAR is scheduled for the fourth quarter of 2026. The initial token distribution includes 32% genesis allocation, 18% ecological reserve, and 50% for team and investor shares. The genesis tokens will be airdropped according to the proportion of Variational points held and will be 100% unlocked at TGE; the ecological reserve will be retained by the Variational Foundation for ecological growth and distributed at its discretion.The team and investor tokens will be locked for 12 months after TGE, followed by a minimum unlocking period of three years. Team members are also subject to individual vesting arrangements, and the specific shares for both parties will be announced before TGE. Variational stated that it plans to use all revenue directed to the treasury for the repurchase and destruction of $VAR. Weekly point distribution will continue until TGE, with 150,000 points distributed each week; accounts must hold at least 1 point to qualify for signing terms and receiving the genesis allocation, and any unclaimed portion will be destroyed.Variational originally planned to end the points program in the third quarter of 2026 and subsequently launch $VAR, but this timeline has been delayed due to significant strategic partnerships. In the final weeks before TGE, the project will conclude private testing, launch Omni on the public mainnet, expand exchange functions, and release trading APIs, while also announcing details on repurchase and token usage, and disclosing the impact of new partnerships on Omni, Pro, and traditional financial markets on-chain when conditions permit.

Glassnode stated that over time, it seems increasingly unlikely that a decline of the same depth as in past cycles will occur again in the later stages of this market. The "four-year cycle" pattern that the market previously relied on has not been reflected in this bear market.Data shows that the drawdowns in the past three cycles exceeded twice that of this cycle, and there are still several weeks until the cycle low point; in contrast, this time BTC has only fallen about 30% from its historical high, and the price is currently rising.

According to on-chain analyst Yu Jin (@EmberCN), a whale/institution that held a position for four and a half years transferred all 8,250 ETH to Coinhako exchange to take profit one hour ago.This address built its position at the beginning of 2022 through withdrawals and on-chain purchases via Binance, with an average price of about $2,202. Today, it sold everything at $2,758, realizing a profit of about $4.58 million during the holding period, with an increase of about 25%.

According to the on-chain data platform Lookonchain, the address 0xc3ed has only conducted 4 transactions to date, all of which are long positions in BTC, with a win rate of 100%, accumulating a profit of 9.26 million dollars. The current BTC price is 86,409.9 dollars.

According to data from DefiLlama, Gate had a net inflow of $353 million in the past month, ranking fourth among global centralized exchanges.

According to the Industrial and Commercial Times, TSMC is advancing the 1.4 nanometer (A14) advanced process and accelerating the construction of the Central Science Park's fourth factory. As of early September 2026, the construction progress of the Central Science Park Phase II P1 factory is smooth, with completion expected in April 2027, followed by equipment installation and trial production; the P2 factory is being advanced simultaneously, with completion expected by the end of 2027 for equipment adjustment with the P1 factory and readiness for mass production.The report states that all four 1.4 nanometer wafer fabs in the Central Science Park are expected to be completed and enter large-scale mass production by the second quarter of 2028. Major customers for A14 include Apple, NVIDIA, AMD, Qualcomm, MediaTek, Broadcom, and cloud service providers, with an estimated monthly capacity of 120,000 to 160,000 12-inch wafers, contributing an estimated annual revenue of $45 billion to $52 billion for TSMC.

Social Capital founder Chamath Palihapitiya released an in-depth research report stating that open-source weight models are about four months away from matching the best closed-source frontier models in public evaluations, with increasing fluctuations in the gap. If open-source models allow companies more control over data, infrastructure, and customization while approaching frontier performance, the value corresponding to companies still paying for frontier laboratories becomes a business issue. Openness exists on a spectrum, from fully open-source models that can be downloaded and freely modified to open-source weight models with various restrictions, while closed-source models keep weights proprietary.Palantir CEO Alex Karp warned that companies might hand over differentiated proprietary knowledge and processes to frontier model providers. Microsoft CEO Satya Nadella stated that companies are effectively paying for intelligence twice: once in money and again in the more valuable proprietary knowledge that must be disclosed to make the intelligence useful. Despite concerns, companies are still willing to pay for frontier performance, even if the best open-source weight models are only months behind, with frontier laboratory revenues continuing to accelerate.Leading companies use both types of models, leveraging open-source models for control and customization while utilizing closed-source frontier models for maximum capability, with some cases reporting up to 12 times engineering efficiency and over 20 times cost savings. Some vendors adopt a dual-track approach, with Google offering both Gemini and Gemma, and Meta providing both Muse Spark and Llama. The 99-page report also discusses the costs of maintaining a lead for frontier laboratories, five factors of model competition, model operating locations, and investments in open-source weights by NVIDIA and Samsung.

Jurrien Timmer, Global Macro Director at Fidelity Investments, stated that Bitcoin has started to rise after consolidating around the support level of approximately $60,000 for nearly a year, a duration comparable to a typical Bitcoin winter, leading him to conclude that a new four-year cycle bull market may have begun.Timmer mentioned that the Z-score of BTC/gold has changed from -100% to a positive value, a signal that historically confirms a bottom. He also pointed out that we are currently in a long-term new pattern with higher capital costs, and the government may respond with financial repression.

According to official news, the AIA Ecosystem Fund announced four updates to the AIA ecosystem, including the official launch of products, alignment of token and equity value, execution of token burn and unlock as planned, and the invalidation of unallocated tokens for dismissed members.In terms of products, the AI Token Smart Router under DeAgentAI was officially launched to the public today, providing unified access to DeAgentAI's proprietary models and 38 mainstream third-party models, supporting model routing, API calls, and usage measurement. Since the internal testing, the platform has served 8 top domestic and international large model clients, processing over 54 million external model calls, with monthly revenue exceeding one million dollars.Regarding the alignment of token and equity value, the AIA Ecosystem Fund stated that all revenue generated from products and business lines under DeAgentAI, as well as related intellectual property and value, will exclusively belong to the foundation and be governed by $AIA holders, with equity investors no longer entitled to residual cash flow. Additionally, the previously disclosed buyback has been fully completed, and the repurchased tokens will be burned as planned.The AIA Ecosystem Fund also stated that the one-year lock-up period for investors, team members, and advisors has ended, entering a three-year linear release period, consistent with the arrangements disclosed at launch; community, ecosystem, and staking shares will still be executed according to the original schedule.The shares of former employees who left normally will be distributed as agreed, but some former team members previously engaged in serious illegal activities. The AIA Ecosystem Fund clearly stated a zero-tolerance policy for any actions that harm the interests of the project and community. Any team member dismissed due to misconduct or harm to project interests will have their unallocated $AIA immediately invalidated, and the company reserves the right to pursue criminal liability.

According to on-chain analyst Ai Yi's monitoring, four new addresses exchanged UBTC for USDC as capital for building positions in the past 9 hours, and then purchased 6,972 ETH on-chain at an average price of $2,460.69, all of which have been deposited into Lido.

According to Lookonchain monitoring, SYN's intraday increase exceeded 100%.The trader address "0x161C" opened a long position with a value of approximately $588,000 for 3.25 million SYN with four times leverage on the Aster decentralized exchange, currently realizing an unrealized profit of about $304,000, with a return rate of 207%.

Column CEO William Hockey announced on September 16 the launch of four new products, covering stablecoin interoperability, full-stack issuance, global banking, and multi-currency accounts with local payments. Among them, USDC and USDT can fully interoperate with US dollars and American and international payment rails, available 24/7 instantly; issuance supports Mastercard and Visa; global banking services can issue accounts and cards in US dollars or local currencies; multi-currency accounts support foreign currency receipts and payments with instant conversion to US dollars, connecting to systems like SEPA Instant.Hockey stated that these products are built on proprietary financial primitives and are fully composable. Users can receive USDC and convert it to US dollars, completing distribution within seconds through FedNow, SWIFT, and card channels, without needing to stitch together multiple vendors; only Column is needed to build cutting-edge financial products.

The fourth round of USMCA negotiations between the United States and Mexico will be postponed to September 28-29 in Washington. The U.S. side is expected to push Mexico to accept rules of origin for artificial intelligence devices, increase the share of the North American supply chain, and discuss tariff adjustments in the steel, aluminum, and automotive sectors.

The researcher from the cryptocurrency research institution Four Pillars, 100y_eth, stated: Many on-chain experiments are shutting down or transforming without proving product-market fit, and this trend will become more evident in 2026. The on-chain market is increasingly polarized, with one side being speculative demand areas such as meme coins, perpetual futures, and prediction markets, while the other side includes stablecoins, RWA, and treasuries related to the real economy.As viable markets narrow to at least a few categories, companies from different starting points, including Coinbase, Robinhood, MetaMask, and Kalshi, are converging on the same product stack: perpetual futures, prediction markets, meme coins, stablecoins, and RWA. This does not mean the end of on-chain native businesses; new categories can still emerge through experimentation and develop into sustainable markets.

StoneX analyst Mark Palmer pointed out in a report to clients that the rapid growth of Robinhood Chain is driven by four main factors, including the strong brand effect of the brokerage, the permissionless design, subsidized gas fees, and the continuously strengthening flywheel effect between meme coins and tokenized stocks. Since its launch on July 1, the TVL of Robinhood Chain has approached $1 billion, with a single-day DEX trading volume reaching $1.88 billion on Sunday, accounting for more than half of Uniswap's total trading volume.Palmer stated that the appeal of Robinhood Chain is "impressive by any standard." First is the brand effect of Robinhood, including the viral marketing effect brought by CEO Vlad Tenev's attention to the CASHCAT token account; second is the permissionless design, which allows developers to freely issue tokens, with Pons reportedly facilitating about 10,000 token issuances daily, and approximately 25,000 on September 2; third is the incentive economy, where Robinhood subsidizes gas fees for wallet exchanges over $5.Finally, there is the flywheel effect between meme coins and tokenized stocks, with a typical example being the token issuance platform Long.xyz built on the chain, which allows community tokens to be paired with Robinhood's tokenized stocks for issuance.