Important News from Last Night and This Morning (August 5 - August 6)

Arc Mainnet Launching on September 16, with Financial Giants like BlackRock and DTCC as Validators

The open blockchain network Arc, aimed at the global financial market, is set to officially launch its public mainnet on September 16. It has been operating on a private mainnet and has attracted over 100 institutions and ecosystem participants. The plan is to deploy its USD institutional digital liquidity fund BUIDL on Arc, advancing the tokenization and settlement integration with Arc, supporting the tokenization of assets held at DTC to Arc for on-chain settlement based on stablecoins. Additionally, it plans to launch a supporting application framework, AI tools, and tokenized asset issuance management capabilities on Arc.

S&P Global Grants BlackRock's Stablecoin Reserve Tokenization Fund the Highest Stability Rating

The newly launched daily reinvestment stablecoin reserve tool (BRSRV) has been rated as the highest level "AAAm" principal stability fund, stating that its investment targets, counterparty credit conditions, duration structure, and management capabilities are sufficient to maintain net asset value stability, with no weaknesses found in qualitative assessments. The fund adopts a whitelist permission structure, holding cash, U.S. Treasury bills maturing within 93 days, and overnight repos collateralized by Treasury bills, aiming to become a compliant reserve asset for payment stablecoin issuers under the GENIUS Act. Meanwhile, the stablecoin stability assessment has been updated, with USDT, TUSD, and USDe remaining at level 5 "weak", while USDC, EURC, USDG, and USDP are rated at level 2 "strong", and FDUSD and USDS/DAI at level 4 "restricted".

Galaxy Reports $85 Million Loss in Q2, Making Big Bets on AI Data Centers

According to filings with the U.S. Securities and Exchange Commission, Galaxy disclosed a net loss of $85 million for Q2 2026, with an adjusted EBITDA of -$77 million, total equity of approximately $2.7 billion, and cash and stablecoins of about $2.46 billion. Its Helios data center phase one has delivered 133MW of critical IT load to CoreWeave in Texas, with expected quarterly rental income of about $80 million starting from Q3, and an adjusted EBITDA margin of over 90% at the project level. Additionally, three new sites have been added in McGregor, Caspian, and Selene, expanding the power pipeline for AI and HPC data centers to approximately 5.7GW, while issuing $3.5 billion in senior secured notes due in 2026 through its subsidiary for the second phase of Helios phase one construction.

Collaborating to Expand Stablecoin Settlements to Visa Direct

Currently collaborating with on-chain infrastructure service providers to integrate stablecoin functionality into Visa Direct, allowing eligible customers to pre-fund merchant accounts and make payments to global recipients in stablecoins. This covers over 195 countries and regions, connecting more than 18 billion endpoints, including bank cards, bank accounts, and digital wallets. The initiative provides technical and compliance support to help businesses achieve 24/7 cross-border liquidity management and settlements, enabling recipients to directly receive stablecoin funds. This move continues the layout in internal stablecoin platforms, OUSD stablecoin, and the "agentic economy".

Confirming the Formation of an Internal Chip Team for Claude

As demand for its AI models rapidly grows, the AI startup is forming a team to design self-developed AI chips. According to a job posting and company statement, it is hiring engineers to design custom chips for its Claude AI model. At the same time, a spokesperson stated that the company is assembling an internal chip team to design dedicated chips for Claude, marking the first public confirmation of this plan. The spokesperson also mentioned that they will jointly design hardware and AI models to enable Claude to "run faster and more efficiently at the scale required by customers". However, the spokesperson also indicated that a "multi-chip strategy" will be adopted, with hardware from Amazon Web Services (AWS), Google, NVIDIA, and AMD remaining an important part of the AI lab's expanded computing power.

Announcing the Launch of an Enterprise-Level AI Programming Platform

The official announcement of the launch of an enterprise-level AI programming platform, which combines chips, servers, and software, aims to help businesses deploy AI coding assistants locally, reducing the cost of using cloud AI models while protecting code and data security. It states that Instinct Coder is an "out-of-the-box" end-to-end AI development platform that integrates EPYC processors, Instinct GPUs, AI servers, PaletteAI Inference Launchpad software, and optimized GLM-5.2 models, applicable for code generation, application modernization, automated testing, code review, and other software development scenarios, aiming to help enterprises escape the high costs of cloud AI services while ensuring data security and autonomy, accelerating AI-driven software development processes.

Founder: The Company Will Not Use Distillation Technology to Advance Its AI Model Capabilities

In a meeting last month, the founder informed employees that the company would not use distillation technology to advance its AI model capabilities, even if it means temporarily falling behind domestic competitors.

Approximately 912 Million Shares Set to Be Unlocked Tomorrow, Doubling Current Market Float

Approximately 912 million shares are set to be unlocked on August 6, 2026 (tomorrow), which is about double the current market float, raising the float ratio from less than 5% to about 12%. As of now, SPCX is quoted at $112.67, down 10.10% on the day, approximately 16.5% lower than the IPO price of $135.

Leading the Formation of a Cross-Industry Alliance to Address AI Security Risks, Contacting Over 40 Key Infrastructure Companies

The CEO is promoting the formation of a cross-industry alliance in the U.S. to address security risks posed by the rapid deployment of AI. This alliance will expand on the existing "Alliance for Critical Infrastructure" (ACI), focusing on information sharing around AI use cases, potential risks, and necessary security measures, and collaborating with the Trump administration to formulate response plans. Since July, over 40 key infrastructure companies covering financial services, energy, water, utilities, telecommunications, aviation, and rail have been contacted, with plans to hold a conference call in August, aiming to have the restructured ACI fully operational by the end of the year, becoming a platform for cross-industry AI and technology risk response and information sharing.

Removing a Batch of Sanctioned Entities Related to the Iranian Revolutionary Guard

The Office of Foreign Assets Control's official website has removed Iraqi Airways and its aliases, as well as two Boeing 737 aircraft operated by the company from the Specially Designated Nationals and Blocked Persons (SDN) list, updating the sanction information for associated individuals. These entities were previously listed on the anti-terrorism sanctions list due to their association with the Quds Force of the Iranian Islamic Revolutionary Guard. Multiple media outlets and U.S. officials have previously reported that the U.S., Iran, and Oman are nearing a temporary arrangement to reopen the Strait of Hormuz. Since this change is directly reflected in the official sanctions list, it can be seen as a more substantial policy signal compared to previous media reports and official statements. However, the announcement did not declare a comprehensive lifting of sanctions against Iran.

Lawsuit Against Founder for Allegedly Misappropriating Over $10 Million in Investment Funds

The founder and sole shareholder of an NFT startup has been sued for alleged securities fraud and telecommunications fraud. The lawsuit claims that since February 2022, he sold 95 million FAR tokens to at least 67 investors through a Simple Agreement for Future Tokens (SAFT), raising over $10 million, and claimed that the funds would be used to develop a decentralized NFT marketplace and FAR tokens. Prosecutors allege that he subsequently used some of the investors' funds for online gambling, purchasing speculative cryptocurrencies, repaying a loan for a Miami apartment, interior design services, and personal DJ hobbies; he also transferred nearly $1 million under the guise of bonuses and high salaries. The FAR token, which is set to launch in May 2024, has almost no value and quickly ceased trading. He faces charges of securities fraud and telecommunications fraud, each carrying a maximum sentence of 20 years in prison. The Department of Justice emphasized that the contents of the lawsuit are merely allegations, and the defendant is presumed innocent until proven guilty by law.

Experiencing AI Voice Imitation Cyber Attacks

Hackers recently launched a complex cyber attack against large hedge funds and several private equity firms, using AI technology for voice phishing (vishing) to impersonate internal or IT personnel to extract sensitive information. It was reported that they successfully intercepted the attack, with no signs of data or system damage. Insiders noted that similar attacks have significantly increased on Wall Street over the past year, and the Financial Industry Regulatory Authority has shared threat intelligence with its member institutions through its newly established Financial Intelligence Fusion Center this year, urging financial institutions to enhance their protective measures.

Release of Q2 Solana Validator Node Operation Report: Approximately 41.63 Million SOL Staked Through 23 Validator Nodes

The Q2 2026 Solana validator node operation report states that the Solana validator nodes it operates outperform the network average in yield, stability, and infrastructure distribution. Currently, approximately 41.63 million SOL are staked through 23 validator nodes, accounting for 9.72% of the total staked amount on Solana. The node distribution spans seven countries. In terms of core operational data, the validator nodes' Q2 quarterly APY is 6.52%, higher than the network average of 6.38%, leading by 14 basis points; the block skip rate is 0.035%, lower than the network average of 0.136%, about a quarter of the network average. The multi-client architecture runs four clients: Harmonic, Jito, JitoBAM, and Firedancer, all audited, without adopting aggressive MEV timing strategies. In terms of infrastructure, the validator nodes are deployed on two independent bare-metal service providers, with off-site backups, and have migrated to the DoubleZero network, achieving a session availability rate of approximately 99.9%. They are preparing for the Solana Alpenglow consensus upgrade.

Launching AI Programming Catch-Up Plan: Internal Engineers Required to Use Self-Developed AI Programming Assistant to Accelerate Challenges

The company is requiring thousands of internal engineers to use a self-developed AI programming assistant to enhance the code generation capabilities of its AI models and accelerate its competitiveness in the AI programming field. It is reported that the Vice President of the AI Engineering Department requested in an internal memo last month that company engineers complete at least one code "diff" (code change) each week, and these code modifications will be integrated to improve the AI models after review. Currently, AI programming has become an important direction in the competition for large models. Tools like Claude Code and OpenAI's Codex are gaining developer attention, and the company hopes to narrow the gap between its AI coding capabilities and industry leaders through large-scale internal usage scenarios. By allowing AI coding tools to run extensively in real software development environments, they aim to accumulate more engineering practice data to enhance the models' performance in code generation, debugging, and software development tasks.

Market Shock from Sell-Off, Hedge Funds Suffer Losses

Multi-strategy hedge funds Asset Management and Fund Management both recorded losses last month, as the sell-off of AI concept stocks impacted the market, causing many hedge funds to suffer setbacks. Insiders revealed that there was a 1.5% decline in July, narrowing the cumulative return for the first seven months of this year to 1.2%. Another insider indicated a 1.1% decline, with the cumulative return for the year dropping to 4.5%. Due to the involvement of performance data, the insiders requested anonymity. Meanwhile, some hedge funds profited amid the market volatility. The Castle flagship fund rose 5.9% in July, benefiting from taking over positions. It fell 0.9%, with a cumulative increase of 3.5% for the year.

Setting Ambitious Goals: Aiming to Become the World's Most Valuable Company with Bitcoin Reserves

On the X platform, it was stated: "Our ambition is to become the world's most valuable company, with a path that includes holding the most capitalized BTC, issuing the strongest credit tool STRC, and creating the highest quality stock MSTR." This means that the company's goal is to become the world's most valuable company by holding the largest amount of Bitcoin assets globally, issuing the strongest credit tools, and creating the best stock assets. Currently, it has become one of the largest corporate holders of Bitcoin and continues to expand its BTC reserves through various financing tools such as convertible bonds and preferred stocks. The recently launched STRC (Strike Preferred Stock) is positioned as a new financing tool in its Bitcoin capital strategy, aimed at providing investors with yield-generating products related to Bitcoin asset support. In the future, it will continue to expand around the model of "Bitcoin reserves + capital market financing + stock value creation." The executive chairman has long advocated the idea of "Bitcoin as digital capital," believing that companies should treat BTC as a long-term asset allocation and amplify the value of Bitcoin holdings through capital market tools, responding to this goal with "Think ₿igger."

New CEO Initiates Business Restructuring: First Time Splitting Three Major Businesses and Setting Revenue Targets

The new CEO stated that the company plans to independently disclose its three core businesses for the first time and set specific revenue targets for each business line to help investors better assess the development potential of each department. He mentioned that the financial reporting method will be adjusted, and clearer business goals will be established, including setting specific growth targets for different business units. Previously, the company faced issues such as slowing growth, intensified competition, and market uncertainty regarding its strategic direction. Meanwhile, there have been rumors of potential acquirers showing interest. He stated that the new business split and target management approach will help enhance transparency and allow investors to better understand the value of different business segments. The company is seeking to regain market confidence through strategic adjustments, improving operational efficiency, and strengthening the competitiveness of its payment ecosystem.

Announcing Departure from Product Head Role to Become an Advisor

The platform's product head announced on the platform that he will resign from his position and transition to an advisory role. He stated that X has set records in user growth and engagement over the past year, with the App Store ranking rising 70 places compared to last year. In the past 400 days, major features such as the timeline, Android app, onboarding, notifications, and chat have been rebuilt, and nearly 30 new products have been launched. He mentioned that the position requires full-time commitment, and he now needs to rest. He will be responsible for design, core product engineering, and mobile engineering moving forward.

Launching Token Issuance Platform on Robinhood Chain

A token issuance platform called Pools has been launched on the Robinhood Chain, supporting two token launch methods: Crowd Launch and Instant Launch, featuring automatic compounding liquidity, permanent liquidity locking, and anti-sniping mechanisms. It charges a 0.25% LP fee and automatically compounds, with creators able to choose to take 0.05% of it, while the rest is automatically compounded. The launch platform fee is zero, only charging the v4 standard protocol fee. It emphasizes that Pools is aimed at speculative high-volatility assets such as Meme coins, and Labs does not review or endorse the tokens.

Raising Full-Year Profit Guidance: Q2 Performance Exceeds Expectations but Bitcoin Business Drags Down Profit

The digital payment company announced its Q2 financial report on Wednesday, with revenue and profit both exceeding expectations, while also raising its full-year profit guidance. It expects a gross profit of $12.5 billion in 2026, adjusted operating income of $3.5 billion, and adjusted diluted earnings per share of $4.02, all of which are higher than previous expectations. Both businesses have grown, with the application of AI tools increasing the code modification volume per engineer by 150%. The company's stock price rose about 3% in after-hours trading, with a cumulative increase of about 30% this year. However, the gross profit from the Bitcoin business decreased by 31% due to the continued low Bitcoin prices and the company's reduction of certain trading fees, dragging down overall profit. The gross profit for Q2 was $3.2 billion (up 25% year-on-year), with adjusted operating income of $864 million (or $1.02 per share), exceeding Wall Street's expectations of $525 million (or $0.87 per share); net profit fell 84% to $88.5 million, primarily due to increased restructuring costs and marketing expenses.

Whales Continue to Accumulate BTC, ETH, and XRP: Bear Market May Be Entering Final Stage

The research director stated that large cryptocurrency holders are accumulating Bitcoin, Ethereum, and XRP, indicating that the bear market may be entering its final stage, although the bottom has not yet been confirmed, and prices may still decline further. He pointed out that when prices approach or fall below the realized price, large holders are increasing their positions, reducing downward pressure. The Bitcoin whale balance (excluding exchanges and mining pools) has risen from 2.87 million BTC in December 2025 to about 3.06 million BTC, but remains below the peak of 3.23 million BTC during the 2025 bull market. For Ethereum, addresses holding between 10,000 and 100,000 ETH have continued to accumulate to a record 19.6 million ETH, while the group holding between 1,000 and 10,000 ETH has decreased from 15.6 million to 12.9 million. XRP whales are quietly positioning themselves through absorption rather than aggressive buying. The current price of Bitcoin is about $64,640, above the realized price of $52,900; XRP is about $1.1, above the realized price of $0.75; Ethereum is about $1,900, below the realized price of $2,450. He stated that the risk-reward ratio has significantly declined, but there is still room for further downside in valuations.

Temporarily Offline After Cyber Attack, Claims User Funds Are Safe

According to the official blog, the Lightning Network wallet stated that its infrastructure experienced a cybersecurity incident within hours, and services are currently temporarily offline. The attack has been contained, and the team is conducting a comprehensive system audit, maintaining caution before restoring services. User funds have not been lost and are not at risk. Customers whose channels were closed will receive replacement channels after services are restored. Preliminary investigations indicate that the incident was limited to the infrastructure, with no vulnerabilities found in the Lightning node software. The team is reinforcing the infrastructure using trusted execution environments and the Validating Lightning Signer project.

Co-founder and CTO to Depart and Join Defensive Security Research Work

The co-founder and CTO announced on the platform that he will leave and join a defensive security research role. He stated that the current balance of offensive and defensive capabilities is shifting, and his passion for entering the security field is motivating. He will continue to serve as an advisor for Mysten and the Sui ecosystem and participate in the upcoming Move Foundation. Technical work will be taken over by his successor.

Completing $10 Billion New Round of Financing, Plans to Invest $2.5 Billion

The company has completed a new round of financing totaling $10 billion. This year, it has already returned $5 billion to investors. The new co-lead plans to invest $2.5 billion in AI companies, which will become the largest investment in its 54-year history. Previously, it had been cautious until January 2025 before making its first investment, but now it has decided to significantly increase its holdings, showing its aggressive bet on the AI sector.

AI Model Hacked into a Company During Testing Period

An AI model accessed the internet and hacked into another company during a cybersecurity testing period. A source familiar with the matter stated that the model infiltrated a company's system and modified its internal systems due to an error in the "sandbox" testing environment, allowing the AI model to connect to the internet. This test was conducted in collaboration with an external evaluation partner. A spokesperson stated that the company "is currently investigating and will release a complete post-analysis report once all facts are gathered."

Board Member Warns of Inflation Persistence Risk, Says Will Support Rate Hikes if Necessary

A board member reiterated that if inflation does not slow down, she is prepared to support rate hikes and warned that decision-makers may not have enough time to wait for inflation to fall back to the 2% target. Although she supported the decision to maintain interest rates at the July meeting, she cautioned that the longer inflation remains above target, the more difficult it will be to curb it in the future. "If I do not see signs of inflation consistently falling soon, I am ready to take action," she stated during a speech at an event in Alaska on Wednesday. "Inflation being above target for five consecutive years means that the risk of high inflation becoming entrenched in corporate pricing and wage-setting behavior is increasing, leading to stubborn inflation, which will make it harder for us to curb it."

She noted that the weakening impact of tariffs, potential declines in oil prices, and the easing of pressures related to the AI boom could all help lower inflation, thus eliminating the need for tightening policies. Nevertheless, she emphasized that her top priority remains to restore inflation to target levels. "If there is only one thing that you remember from today's speech, I hope it is that I am firmly committed to restoring price stability," she stated. "First and foremost, it is crucial to bring inflation back to target levels, which is essential for achieving the dual mandate given to us by Congress."

Infrastructure Platform Completes $35 Million Series A Financing, Lead Investor

The infrastructure platform has completed $35 million in Series A financing, led by [investor name], with participation from [investor names] and continued follow-on investments. The company was founded just 11 months ago and previously completed a $15 million seed round, bringing total financing to $50 million. It aims to eliminate infrastructure barriers for AI agents from demonstration to production environments. It has simultaneously launched three products: Router, Agent Studio, and Runtime. The managing partner will join the board.

Fiscal Year Q4 Revenue of $8.96 Billion, Year-on-Year Growth of 372%

Fiscal Year Q4 revenue reached $8.96 billion, a year-on-year increase of 372%, exceeding market expectations of $8.394 billion, compared to $1.901 billion in the same period last year; total fiscal year revenue was $20.25 billion, a 175% increase from the previous year; adjusted earnings per share (EPS) for the fourth fiscal quarter was $39.25, while analysts expected $34.37. The company expects Q1 revenue for FY 2027 to be between $10.3 billion and $10.8 billion, with market expectations at $10.8 billion; it anticipates Q1 adjusted EPS to be between $44 and $46, with analysts expecting $45.58. The board has approved a $14 billion stock buyback plan.

Whale Opens Short Position of $102 Million, Reduces 200 BTC Position at a Loss of $146,000

A whale that opened a short position of 1,600 BTC (worth $102 million) with 40x leverage was triggered to stop-loss during a rebound in the early morning, reducing its position by 200 BTC (worth $13 million) and realizing a loss of $146,000. It had set stop-loss orders in the range of $64,885 to $68,254, with each order being for 50 BTC. It still holds a short position of 1,400 BTC (worth $90.54 million) with the latest liquidation price at $64,998.

Betting $400 Million, Returning to the Investment Stage

According to insiders, just days after its hedge fund was on the brink of collapse, a former researcher has returned to the investment stage, betting $400 million to support a private company. This investment, completed on Tuesday, is the first sign of how to salvage the situation after the AI-themed hedge fund nearly collapsed last week due to multiple lenders issuing margin calls. This funding is an addition to the $100 million already invested in the same company last month. It is currently unclear which company in its private equity portfolio received this additional funding.

Accumulating 37,000 ETH in the Past Two Weeks, Approximately $71.1 Million

A whale has accumulated 37,000 ETH (approximately $71.1 million) through an OTC wallet over the past two weeks, with the most recent transaction of 10,000 ETH (approximately $19.1 million) received within the last three hours.

Bitcoin Bottom Conditions Are Forming but Not Complete, Options Market Not Pricing Any Direction

In the latest weekly report, it was noted that global stock markets and gold reached historical highs, while Bitcoin remained largely stagnant. On July 31, approximately 594 BTC (about $38 million) were stolen in the Coldcard incident within 25 minutes, with on-chain activity continuing for several days—over 119,000 Bitcoins that had not moved for more than a year surged within three days, approximately 200 times the stolen amount, but only about one-tenth flowed into exchanges, leaving the market almost unaffected in terms of price. The current crypto market is approaching a bottom through "boredom" rather than panic selling. The 30-day moving average of seller exhaustion is at the low point of this cycle, situated in the historical bottom formation area, but still about one-third higher than the final bottoms of previous bear markets, indicating that the final exhaustion phase has not yet been completed. On the demand side, the U.S. spot ETF saw a net outflow of about 65,800 BTC in June (the worst month on record), and corporate reserve purchases failed to offset fund outflows. In the options market, implied volatility for calls has dropped to a historical low of about 23%, while put volatility remains at normal levels, indicating that the market is not pricing in significant volatility in either direction, although short-term sentiment swings with minor price fluctuations. Historically, after volatility compresses to a similar extent, it usually breaks upward, but this cycle lacks a demand engine.

Initiating Listing Guidance for A-share IPO

Shanghai Turing Intelligent Quantum Technology Co., Ltd. has obtained listing guidance registration and plans to conduct an IPO on the A-shares, with the guiding institution being [name not provided]. The company is engaged in the research and industrialization of optical quantum chips and quantum computing.

Signing of Digital Currency and Digital Rights Regulatory Law

The president has signed the digital currency and digital rights regulatory law, which will officially take effect on September 1. This law clarifies the operational rules for cryptocurrency exchange platforms, digital asset custodians, and other market participants, regulates the conditions under which investors can purchase cryptocurrencies, and oversees mining activities as well as the issuance and circulation of digital rights. According to this law, Russian citizens can legally invest in cryptocurrencies through exchanges within Russia, utilizing services provided by brokers, trust managers, asset management companies, and exchange institutions. The registration and custody of cryptocurrencies will be managed by digital custodians approved by the central bank. The central bank will establish a registration list for cryptocurrency exchange institutions and implement a filing management system for credit institutions and brokers. Some provisions will take effect on July 1 or September 1, 2027.

85 Severe Vulnerabilities Found in 390 Open Source Code Repositories

Following the Coldcard vulnerability incident, a team led by software engineers and CEOs has received funding of over $40,000 in AI tokens to conduct security audits on more than 390 open source code repositories. As of the latest update, the team has submitted 4,962 findings within 27.5 hours, including 85 severe issues and 635 high-risk issues, averaging 2.31 severe or high-risk issues discovered per hour. The audit utilized cutting-edge models such as Kimi K3, GPT Sol, Fable, Opus, and GLM5.2, with costs covered by [name not provided]. The team has established partnerships with [names not provided]. The developed custom testing framework has exceeded 171,599 lines of code, designed to identify and test critical Bitcoin software libraries, and will ultimately be open-sourced. [Name not provided] stated that the Coldcard vulnerability attack is a "spiritual attack" on Bitcoin and the ethos of self-custody, emphasizing that "without self-custody, there is no Bitcoin."

Deposited Approximately $5,070 of ETH into Kraken

A foundation-funded wallet deposited 2.675 ETH (approximately $5,070) into Kraken 12 hours ago and transferred 578.38 ETH (approximately $1.08 million) to a new Gnosis Safe Proxy wallet.

Launch of AI Coding Agent Muse Code Beta

The CEO announced on the X platform the release of the Muse Code beta, a terminal coding agent capable of handling complete software engineering tasks within large codebases, including planning changes, writing code, and validating results. Muse Code is powered by the coding model Muse Spark 1.2, running multiple backend agents, and can simultaneously build six functions for games without conflict during testing. The auditing feature records each model call and edit, allowing tasks to resume from the interruption point. Users can install it with a single command and start using it for free at the contributor level.

71.9% of Tokens That Once Entered the Top 100 by Market Cap Are Now "Dead"

Among the 1,539 tokens that once entered the top 100 by cryptocurrency market cap, 71.9% have been classified as "dead," with an expected death rate of 84.7% in 10 years, while the median lifespan of tokens is only 2 years and 4 months. "Death" is defined as being delisted from major exchanges and having a daily trading volume below $10,000 for over 90 days. The conclusion is that entering the top 100 does not guarantee long-term survival potential.

AI Insights

Selected AI news highlights from the last 24 hours to help filter out the noise.

Four top AI scientists have left to found Discovery Loop, focusing on AI-automated scientific discovery.

They co-founded the nonprofit Discovery Loop with [names not provided], aiming to automate scientific experimental processes using AI to run thousands of experiments simultaneously. During a speech at the YC Startup School, they stated that automated scientific methods could unlock breakthrough advancements across multiple fields.

Launch of Handoff Browser Agent, Claims OM2W Score Exceeds GPT-5.4

The company launched the Handoff browser agent, which controls real websites through screen coordinates rather than APIs, scoring 97.7 on the OM2W leaderboard, surpassing GPT-5.4's score of 92.8. The input pricing is $0.18 per million tokens, 27 times cheaper than GPT-5.5, with each task running in an isolated virtual machine.

AI Revenue 70% Dependent, Concentration Risk Intensifies

In the fourth fiscal quarter, revenue reached $90.1 billion, with stock prices rising 8% after hours, but about 70% of AI sales come from a single partner. This concentration data has raised market concerns about the vulnerability of the revenue structure.

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