U.S. stocks opened, with the three major indexes trading mixed; all crypto-related concept stocks rose across the board, with Strategy gaining 2.7%.

Arthur Hayes has shared a four-step detailed airdrop guide for his new venture Flop Network. The steps are: 1) Generate an Ed25519 DID key pair for the AI agent, formatted as did:key:z6Mk..., which will serve as the agent’s on-chain identity and future airdrop receiving address; 2) Publish the public key to the Technocore Registry to let the network recognize the identity; 3) The agent signs a check-in message with the private key and sends an HTTP GET request to /lobby; 4) Securely store the private key locally to claim the airdrop allocation during the Q4 snapshot. Earlier on the 19th, Hayes announced in a post that he would end his retirement to lead Flop Labs and launch the FLOP token. He stated that FLOP will act as "food for AI agents", with no presale or VC involvement, adopting a 100% fair launch model to build a currency for the Agentic Economy. More project details will be revealed later, with a large-scale airdrop expected in Q4 2026.

Hyperliquid ecosystem project Kinetiq has announced the launch of Elysium, a new Hyperliquid L2 network designed to address key pain points including HyperEVM’s performance bottlenecks and the complexity of its dual-block architecture. Elysium will use HYPE as its native gas token, enabling seamless integration with HyperCore and HyperEVM. Deployed in close synergy with the Hyperliquid mainnet, Elysium’s initial block production performance is projected to far outpace HyperEVM levels. The network will support token issuance: projects can launch starting with a long-tail asset AMM, then gradually integrate Elysium’s PropAMM, HyperCore spot order book, and qualify for perpetual contract listings via HIP-3. For its economic model, 25% of Elysium sequencer fees will be allocated to application builders that consume block space, 25% will go to the Kinetiq treasury, and 50% will be used for programmatic purchases of KNTQ tokens on the open market. All purchased KNTQ tokens will be burned and transferred to the Hyperliquid Aid Fund.

According to market data from BIT (bit.com), the semiconductor and storage sectors continued to slump during intraday U.S. stock trading, with the Philadelphia Semiconductor Index falling more than 4%. Individual stock performance: Micron Technology (MU) dropped 7.02%; SanDisk (SNDK) fell 10.3%; Seagate Technology (STX) declined 7.2%; Western Digital (WDC) fell 7.1%; SK Hynix ADR dropped 3.4%; NVIDIA (NVDA) slipped 2.3%; Intel (INTC) fell 4.6%; and AMD (Advanced Micro Devices) declined 4%.

According to TradingBeats’ monitoring, Taiwanese crypto figure Jeff Huang, known as "Big Brother Maji", added a 40x long position in Bitcoin four minutes ago, lifting his Bitcoin long position to $39.45 million. The position has an entry price of $78,890.20 and a liquidation price of $62,268.27. Maji also holds long positions in Ethereum (ETH) worth roughly $62.5 million, with an average entry price of $2,390; HYPE long positions worth around $20 million (average entry: $79.4); and PUMP long positions worth $14.17 million.

According to HTX market data, Bitcoin saw a short-term plunge of over 2%, breaking below the $78,000 threshold and currently trading at $78,362, after Trump announced he would raise tariffs on Canadian automobiles and steel to 50%.

US President Donald Trump will raise tariffs on Canadian automobiles and steel to 50%. In a post, Trump claimed that Canada has been taking advantage of the United States for years. He noted that Canada imposes exorbitantly high tariffs on American farmers and agricultural products, making it difficult for these "great American patriots" to make a living, and has long maintained a $60 billion trade deficit between the two nations. "This situation is unsustainable and will not continue!" he wrote. Starting January 1, 2027, tariffs will be increased to 50% on all cars, trucks (both large and small), auto parts, and steel. Goods produced in the U.S. will not be subject to tariffs at all. "Canada will no longer be treated as a state!" he added. "Whether in trade or other areas, Canada is one of the most difficult countries in the world to deal with. They think they deserve special treatment as a matter of course, but the truth is, we don't need Canada—they need us! 95% of Canada's business is conducted with the U.S., while our situation with Canada is the exact opposite!"