「Pal」 Longs Ethereum, Currently Sitting on $375k Unrealized Loss

Solana staking platform Marinade Finance tweeted that the Solana network nearly suffered an outage early this morning: 28.83% of staked SOL went offline, approaching the 33.34% threshold that triggers a shutdown, affecting 90 validator nodes and resulting in a total loss of around 333 SOL in rewards. The issue originated from a routing error by service provider Teraswitch: a misrouted Miami node was broadcast to Europe and the Asia-Pacific region, leaving 12 nodes (LON1, AMS1-3, DUB1-2, FRA2, SGP1-2, TYO1-3) without valid routing. North America was unaffected, and the problem was fixed 10 minutes later. Marinade noted that ASN AS20326 hosts over a quarter of the network’s total staked SOL; 94% of its nodes went offline simultaneously during the incident, with an actual share of 27.34% exceeding the 25% cap set by the Solana Foundation Delegation Program (SFDP). The network’s second-largest node, Helius, remained offline for 33 minutes, with only a small number of nodes achieving smooth failover. Marinade added that it will review staking concentration caps and push for validator nodes to disclose their failover capability information.

Based on swap market trading activity, traders currently assign a roughly 50% probability to a 25 basis point rate hike. After July’s non-farm payrolls data unexpectedly weakened, Wall Street has priced an almost 50/50 split on whether the Federal Reserve will raise rates by 25 basis points in September. The Fed led by Walsh has significantly scaled back forward guidance, forcing markets to rely again on hard data to determine its policy path. The impact of July’s CPI is highly asymmetric: moderate inflation data can further undermine the case for rate hikes, while hotter-than-expected data could quickly push a September rate hike back into the baseline scenario. For the 10-year U.S. Treasury yield—often called the "anchor of global asset pricing"—the current risk-reward in the bond market has clearly tilted toward pricing in a sharp decline in yields driven by July’s moderate CPI, mainly because macro data and CTA bond market positioning are creating positive resonance. (Zhito Finance)

According to a Reuters report, a senior Iranian source stated: "There are currently no discussions between Iran and the U.S. regarding extending the ceasefire. From Iran’s perspective, the ceasefire has no effective date, so there is no need for any extension. The U.S. violated the temporary agreement 48 hours after it was reached and withdrew from the agreement a few days later. One of the issues currently under discussion is the U.S. returning to the memorandum of understanding and setting a time frame for the U.S. to fulfill its relevant commitments."

According to Bloomberg, crypto market maker Wintermute plans to invest roughly $1 billion over the next five years in high-frequency trading (HFT) and AI data center infrastructure, while expanding into traditional financial markets including stocks, commodities, and foreign exchange (FX). Wintermute founder and CEO Evgeny Gaevoy stated that the firm aims to gradually transition into a full-service trading house similar to Jane Street or Citadel Securities. Gaevoy noted that competing with institutions that have refined technology and infrastructure in traditional markets for decades requires large-scale investment. In addition to reducing trade execution latency, Wintermute must continuously leverage massive market datasets to train and retrain more complex quantitative models, while securing sufficient computing, storage, and networking resources. The infrastructure investments are expected to be funded primarily by the firm’s retained earnings. Due to the crypto market downturn, Wintermute’s average daily trading volume has dropped from roughly $15 billion last year to $10 billion this year. Currently, around 10% of the firm’s revenue comes from non-crypto markets, with a target to lift that share to over 50% by the end of 2027. The firm has already started trading ETFs, perpetual contracts linked to real-world assets (RWAs), and will launch prediction market trading services in early 2026. Last week, Wintermute announced that its U.S. subsidiary has registered as a broker-dealer, enabling it to trade stocks, stock options, and act as an authorized participant for exchange-traded products (ETPs). The firm currently has 17 employees in New York, with plans to double that local headcount next year, while its global workforce is projected to grow by 40%.

Harmony stated in a post that its team has traced 409 wallets that received fraudulently minted tokens, involving a total of 10,288 transactions, and has alerted partner exchanges to hundreds of suspicious deposit transactions. The affected exchanges promptly blocked the hacker wallets thereafter. Just four hours after the emergency patch was released, 53% of validators have now completed the upgrade. The team continues to advance patch deployment and manage the aftermath of the incident. Regarding the follow-up response, a rollback appears to be the most widely supported feasible solution at present. The team is still formulating a specific plan and is expected to release more details in the coming hours.

Elon Musk said AI has become an "extremely important part" of SpaceX's future, projecting that the company's AI business revenue will surpass all other business segments in September and will "significantly outpace" other businesses in the fourth quarter. He added that AI will account for 99% of SpaceX's valuation within five years. SpaceX has built the "world's most powerful AI training cluster" and plans to expand its existing computing power scale by roughly tenfold by the end of next year, targeting 10 gigawatts of capacity, which corresponds to a potential annual revenue of $300 billion to $500 billion. Musk also predicted that Starlink will carry more than 90% of global internet traffic in the future. He further stated that SpaceX plans to use all of the company's data to train Grok, adding that employees will serve as the "parents" of the AI, with their thoughts, ideas, and beliefs to be inherited by the model. However, he did not provide further details on how employee data will be specifically used for training.