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R25 today announced that its core product R25 Studio, based on the 2 architecture, has officially launched public testing. R25 Studio is dedicated to realizing the vision of "everyone can become an asset manager," fully opening up the capabilities for the establishment, operation, and distribution of institutional-level funds. By abstracting cumbersome legal documents, backend systems, and compliance processes into configurable smart contracts, R25 Studio has successfully compressed the fund establishment cycle from several months to just 10 minutes.The platform revolves around Build, Manage, Earn, and Distribute, covering Vault creation, subscription and redemption, investment management, fee earning, and distribution; asset managers can autonomously set investment parameters, management fees, and performance fee rates on-chain without building complex fund structures from scratch, generate exclusive Vault Tokens/Shares, and list the Vault on channels such as Dapp and Topnod. The platform also provides performance data such as NAV, APY, cumulative returns, and maximum drawdown, helping asset managers monitor strategy performance in real-time.Previously, in Phase 1, Axil launched a private credit Vault on R25 and successfully surpassed $130 million in TVL, validating the reliability of this infrastructure. The registration channel for the first batch of managers is now open.

Anthropic released Claude Sonnet 5.5 this Monday, as an upgraded version of Sonnet 5 launched in June this year. The official statement claims that this mid-range model operates over 30% faster than the previous generation, excelling in clearly defined daily tasks, fixing defects, and creating documents, slides, and spreadsheets, while also possessing sharp design capabilities. Its pricing remains at $2 per million input tokens and $10 per million output tokens, which is half of Opus 5.5, and the token consumption per task is nearly one-third less than Sonnet 5.In the Terminal-Bench 4 test, Sonnet 5.5 scored 70.6%, higher than Opus 5.5's 66.4%, and Sonnet 5's score was only 10.3%. Results from the independent testing organization Artificial Analysis also show its lead, recording 63.6% and 59.6%, while OpenAI's GPT-6 Astra scored 59.1%. In the GDPval-AA assessment of real job performance across 44 occupational categories, Sonnet 5.5 received a score of 1844, which is roughly on par with Opus 5.5's score of 1846, while GPT-6 Sol scored 1487.

DyorSwap officially announced that the so-called "GIWA Mainnet" identified by the team earlier is actually a fake chain set up by scammers. This fake network used the correct GIWA chain ID (9134), making it appear legitimate during the initial verification phase. The team also identified several suspicious messages and individuals within the related community that may be connected to this incident. The announcement stated that significant losses have occurred due to this fraudulent cross-chain bridge.DyorSwap stated that it is taking three immediate actions: first, contacting a professional security team to conduct further on-chain tracking and investigate the involved addresses, transactions, and fund flows; second, preserving all relevant evidence, including chat records, RPC information, cross-chain bridge addresses, and on-chain transactions; third, preparing to use treasury funds to compensate affected users, with eligibility criteria, loss verification processes, compensation scope, and detailed plans to be announced after the investigation and verification processes are completed.DyorSwap emphasized that until further notice, users should not use any unofficial GIWA mainnet RPCs, cross-chain bridges, or contracts, and should not send funds to any related addresses. The official team deeply apologizes to every affected user in this incident and states that subsequent updates will be released as soon as possible.

DyorSwap officially announced that the so-called "GIWA mainnet" previously identified by the team is actually a fake chain set up by scammers. This fake network used the correct GIWA chain ID (9134), making it appear legitimate during the initial verification phase. The team also identified several suspicious messages and individuals within the related community that may be connected to this incident. The announcement stated that significant losses have occurred due to this fraudulent cross-chain bridge.DyorSwap stated that it is taking three immediate actions: first, contacting a professional security team to conduct further on-chain tracking and investigate the involved addresses, transactions, and fund flows; second, preserving all relevant evidence, including chat records, RPC information, cross-chain bridge addresses, and on-chain transactions; third, preparing to use treasury funds to compensate affected users, with eligibility criteria, loss verification processes, compensation scope, and detailed plans to be announced after the investigation and verification processes are completed.DyorSwap emphasized that until further notice, users should not use any unofficial GIWA mainnet RPCs, cross-chain bridges, or contracts, and should not send funds to any related addresses. The official team deeply apologizes to every affected user in this incident and states that subsequent updates will be released as soon as possible.

The Circle Foundation announced two grants to the United Nations Development Programme (UNDP) and the World Food Programme (WFP) to explore the application of digital payments and digital financial infrastructure in humanitarian aid and development projects.The Circle Foundation stated that the relevant programs will study how to utilize digital payments and regulated payment-type stablecoins to disburse funds to aid recipients more quickly, transparently, and at a lower cost.For the UNDP, the grant will be used to establish and operate a "Digital Asset Innovation Pool," helping country offices expand previous digital payment pilot projects conducted in Syria, Haiti, Guatemala, and Gambia from single projects to regular project execution, and provide support such as regulation, operations, and beneficiary protection; this mechanism will not replace traditional banking channels but will serve as a complementary option outside the existing payment system.For the WFP, the grant will support the establishment of governance, risk management, funding, reconciliation systems, and compliance tools necessary for stablecoin payments, and integrate local fintech and mobile payment services. Over the next three years, the WFP plans to test 2 to 3 payment channels connecting its payment system with local financial service providers and markets to assess the performance of stablecoin payments in terms of efficiency, transparency, and resilience.

According to Fortune, the venture capital firm Solari Capital has officially announced its emergence from stealth mode. Founder AJ Scaramucci (son of Anthony Scaramucci) has deployed approximately $350 million since the company's inception, covering early-stage investments, late-stage growth rounds, and internal incubation businesses.Solari is focused on four major tracks centered around the core argument of "programmable reality": programmable intelligence (AI/large models, including xAI, Suno), programmable biology (gene therapy, longevity technology, including Tessera Therapeutics, Cambrian Bio), programmable materials (aerospace, energy, robotics, including Varda Space, Northwood Space), and programmable finance (blockchain infrastructure, DeFi, including Genius Terminal, Architect Financial). In addition, Scaramucci has included collectibles (comics, trading cards, dinosaur fossils) in the investment landscape, viewing them as "cultural value storage" assets alongside gold and Bitcoin, and claims that this market has a scale of $25 trillion, which has not yet been fully tapped by institutional capital.The investor lineup behind the company includes well-known Silicon Valley figures such as Ron Conway, Jim Breyer, and Eric Schmidt.

U.S. President Trump stated that the U.S. may strike Iran's "Mount Hekla" and urged Tehran to exercise caution. Trump mentioned at the Republican midterm election conference that he noticed activities at "Mount Hekla" and advised Iran not to play tricks, or else it would face severe consequences.

Uniswap founder Hayden posted on the X platform, stating that correlated trading pairs are forming. The top five tokenized SPY trading pairs by trading volume serve as "bridge" trading pairs connecting other common underlying trading pairs, primarily linking to tokenized stocks with higher correlations. This type of market is characterized by globalization, programmability, low costs, and 24/7 operation.Hayden stated that he has been working on the forefront of DeFi for 9 years and believes that AMM has enormous potential. After years of evolution and development, the path for AMM to achieve global dominance is becoming increasingly clear. Tokenization has changed the existence of markets, market makers, and the objects of market trading. Since its launch, Uniswap has been operating autonomously, with a cumulative trading volume exceeding $4.6 trillion, and has increased the share of spot trading volume on decentralized exchanges from less than 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern that most financial markets have yet to notice: correlated trading pairs. AMMs have found a product-market fit in long-tail markets, as most assets previously could not attract the attention of professional market makers. DeFi and AMM have lowered the barriers to market making, opening the market to more participants. Liquidity will concentrate in the places with the lowest risk, rather than being forced to remain in places constrained by traditional infrastructure.

According to the official announcement from the Ethena Foundation, the fee conversion vote has been approved, with 100% in favor. The programmatic ENA buyback will begin and will gradually scale up as indicators and milestones are achieved.Previously, on August 27, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including the buyback of locked tokens held by early investors, further aligning the token with equity value, initiating a governance proposal for revenue buyback of ENA, and canceling future monthly VC investor unlocks.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "US Open ATP: Martin Damm vs. Frances Tiafoe," the sub-market "US Open ATP: Martin Damm vs. Frances Tiafoe" has seen a dramatic fluctuation in the winning probability for the "Martin Damm" option, plummeting from 61.5% an hour ago to the current 35.5% (a fluctuation of 26%). Please note the impact of related breaking news.

Coinbase announced the architecture and application of its internal AI system "CEEcil." This system is not just a simple chatbot; it is designed to function as an AI agent similar to a "team member," which can be @mentioned in Slack and possesses long-term memory, proactive follow-up, and judgment capabilities.CEEcil retains team context through a three-layer memory mechanism: it continuously extracts information such as decisions, blockers, and responsible parties from authorized channels in the background; integrates short-term observations into long-term summaries every night; and retrieves historical memories, recent conversations, and real-time data as needed when answering questions. The system also employs a layered model architecture, prioritizing simple queries to be processed through APIs or knowledge bases, while only delegating complex, multi-step tasks to stronger AI models to reduce costs and delays.Coinbase stated that CEEcil is currently able to assist teams in handling production incidents and answering expert knowledge that would normally take hours to obtain; in the future, it hopes to expand this model into multiple AI agents tailored for specific teams, allowing AI not only to "answer questions" but also to retain memory, actively participate, and complete actual work.

Analysis of the AI semiconductor and infrastructure cycle indicates that the demand for AI infrastructure will continue to exceed that of the internet era, as user penetration and per capita token are multiplied and converted into tokens, significantly raising the ceiling. User penetration has surpassed 50%, with growth primarily coming from the still-early per capita token; the median monthly AI spending per employee in U.S. companies is about $12, which could long-term approach around 10% of white-collar salaries, approximately $1,000 per month, leaving nearly two orders of magnitude of space in between. Unlike the flat subscriptions and extremely low marginal hardware consumption of the internet, the high costs of inference make the marginal cost of a single access higher, requiring greater infrastructure intensity.After developers program, the next ARR growth will still mainly come from broad programming: non-programmers use programming infrastructure to complete non-programming tasks across industries, with programming becoming the default execution kernel for agents. Tasks related to broad programming account for about 60% to 70% of ARR. As of June 2026, Codex accounted for 64% of the total output tokens from Codex and ChatGPT among OpenAI's enterprise clients; since February, Codex has seen a much higher weekly growth in verticals such as law, sales recruitment, and marketing compared to engineering. In Anthropic's revenue, narrow development/software accounts for about 40%, while finance and insurance exceed 20%, with law, life sciences, retail, and others also having considerable shares.The demand-side token growth logic remains, with a high overlap between funders and beneficiaries.

Uniswap founder Hayden Adams stated that after nine years of DeFi practice, the path for AMM to become the core engine of the global financial market is becoming increasingly clear. He pointed out that tokenization is not only an infrastructure upgrade but also changes who provides liquidity and what is traded in the market. The SEC has approved Nasdaq and the New York Stock Exchange to trade tokenized stocks, and the DTCC also conducted live testing of tokenized trading in July.Adams believes that traditional market makers vertically integrate capital, strategy, execution, settlement, and distribution, which is costly; blockchain disassembles these components, making capital a scarce input. Liquidity providers who already hold relevant assets or are the issuers themselves can bear inventory exposure at zero cost, thereby weakening professional market makers with lower capital costs. An on-chain "related asset pair" model has naturally formed (such as the Ethereum ecosystem pairing with ETH and stablecoins), as correlation reduces inventory risk and deepens liquidity.He cited that there are already 10 tokenized stocks on the Robinhood Chain forming a Uniswap pool with SPY, which has traded approximately $33 million in 12 days, with some trades occurring directly between stocks without touching the dollar. Adams also stated that although Uniswap's cumulative trading volume has reached about $4.6 trillion, AMM is still in its early stages, and there is significant room for improvement in subsequent design and ecosystem.

Theo Hourmouzis, General Manager of Anthropic for Australia and New Zealand, stated at an event hosted by the National Australia Bank that the company's Australian clients lag behind their global counterparts in utilizing the programming capabilities of the Claude chatbot, but are more inclined to use it for simple tasks.Hourmouzis cited Anthropic data indicating that approximately 5.8% of Claude's usage in Australia pertains to basic tasks such as invoice processing, inventory management, and general administration, which is higher than the global level of about 4.7%. He pointed out that local usage tends to lean more towards backend and practical work.

Uniswap founder Hayden Adams (@haydenzadams) posted that as the process of asset tokenization accelerates, AMM (Automated Market Makers) is facing structural opportunities. He pointed out that tokenization is not only an upgrade of market infrastructure but also makes the market programmable, fundamentally changing the way markets are created and the barriers to participation.On-chain liquidity spontaneously forms a pattern of "related asset pairs" — the higher the correlation between asset pairs, the lower the LP inventory risk and the deeper the liquidity, which also reduces the efficiency gap between passive AMM strategies and active strategies, allowing for lower capital costs to "break through" traditional market makers. He used NVDA/SPY as an example, pointing out that if stocks are traded in SPY rather than USD, it will significantly reduce market-making costs, while bridge pairs (such as SPY/USD) will still be competed by professional institutions.