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Lisk will shut down its Lisk Chain, phase out its DAO, and transition to an enterprise funds management platform.

1 hours ago

Lisk founder Max Kordek announced that Lisk will officially transition to a modern treasury operations platform for enterprise finance teams, focusing on core funds management services including accounts, payments, and approvals, while phasing out its original blockchain ecosystem. The new platform is designed to deliver a unified funds management workspace for enterprises operating across entities and jurisdictions that use both fiat currencies and stablecoins. Early Access for eligible enterprises is now open, with current features supporting unified management of bank and stablecoin accounts, bank transfers, stablecoin receipts and payments, and permission-based payment approvals; future expansions will include corporate cards, non-custodial funds management, payroll integration, and more. Meanwhile, Lisk Chain will be shut down on October 31, 2026. Lisk has partnered with the Celo team to provide on-chain DApps, developers, and projects with a migration path to the Celo network. Lisk also plans to wind down its DAO, which includes burning 100 million LSK tokens from the DAO treasury to reduce the total supply from 400 million to 300 million, eliminating staking penalties to allow holders to unstake flexibly, and gradually shutting down DAO governance infrastructure. Regarding LSK tokens, they will become the new platform’s "loyalty token": enterprises earn rewards for using the Lisk treasury platform and referring other businesses, and can use LSK to pay platform fees in the future. LSK will primarily operate on Ethereum and Base networks. Users still holding LSK on Lisk Chain must complete their migration to Ethereum by October 31.

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Hyperliquid AQAv2’s first tranche of funds could repurchase approximately $20 million worth of HYPE.

The first revenue from Hyperliquid’s AQAv2 mechanism is expected to flow into the Hyperliquid Aid Fund on October 3, with market projections putting the initial funding at around $20 million, which will be used to repurchase HYPE tokens. AQAv2 (Aligned Quote Asset v2) is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins not exclusively issued by Hyperliquid—including USDC—to obtain the "Aligned" qualification. Per public details, AQAv2 returns the majority of stablecoin revenues to the Hyperliquid ecosystem: 90% of these revenues are allocated to relevant mechanisms, and 100% of that sum is subsequently used to repurchase and burn HYPE tokens. Coinbase has been named the fund deployment partner, while Circle handles technical deployment; both firms will also stake HYPE to participate in the mechanism. Analysts forecast the mechanism will generate an additional $135 million to $160 million in annual HYPE repurchase pressure.

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SpaceX plans to build a $100 billion Starship launch base in Louisiana.

SpaceX plans to build a $100 billion Starship launch base on the southern coast of Louisiana, adding its third Starship launch site. Located on Pecan Island, the facility covers roughly 125,000 acres, with planned construction of 5 launch complexes, 10 launch pads, plus facilities for propellant production, power generation, spacecraft processing, and employee housing. The base will help SpaceX boost Starship launch frequency and support its future plan to deploy up to 1 million data center satellites. Starship will also be used to launch upgraded Starlink satellites: its first orbital data center mission is targeted for as early as 2027, and it is scheduled to carry NASA astronauts on a lunar mission as early as 2028.

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Grayscale founder: Bullish on ZEC to hit $8,000, U.S. stock trading may soon shift to 24/7 operations

WTF Academy founder 0xAA shared that during Yzi Labs’ Bhutan event today, he held a conversation with Grayscale founder Barry Silbert. Silbert stated that U.S. stock trading may soon transition to 24/7 operation, with the U.S. expected to support all-day stock trading within five years. If competitive pressure from crypto trading platforms like Hyperliquid continues to intensify, this timeline could accelerate. On tokenized stocks, Silbert argued that once U.S. stocks themselves go 24/7, the appeal of tokenized stocks in the U.S. market may decline, though they still hold growth potential in other regions. Regarding ZEC, Silbert noted that memecoins are essentially “gambling,” and joked that if one must engage in such risky trading, “the best choice is to buy ZEC.” He added that ZEC is built on Bitcoin and boasts stronger privacy attributes, with its market cap projected to reach one-tenth of Bitcoin’s (i.e., $8,000) in the long term. The above views are personal opinions only and do not constitute investment advice.

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Semiconductor leveraged ETF continues to attract inflows: SOXL has pulled in nearly $7 billion in net inflows over two months.

Despite a sharp pullback in global chip stocks since late June, funds have flowed into semiconductor leveraged ETFs against the trend. Data shows Direxion Daily Semiconductor Bull 3X Shares (SOXL) attracted a combined net inflow of nearly $70 billion in July and the first two weeks of August, exhibiting a clear "buy the dip" pattern. As of August 24, SOXL traded at $111.16, down over 60% from its prior high of $302. The ETF tracks the NYSE Semiconductor Index, with holdings including Nvidia, Micron Technology, AMD, and Broadcom. Semiconductors remain one of the most crowded trades globally. Bank of America’s August global fund manager survey revealed that 53% of respondents opted to "go long on global semiconductors," a notable cooling from the 82% historical peak seen last month. Institutions are divided on the sector’s outlook. Fidelity warned that the semiconductor sector’s roughly 40-month earnings cycle may be nearing its peak, cautioning that daily reset leveraged products like SOXL could amplify losses if the sector cycle reverses. Goldman Sachs, by contrast, sharply raised its forecasts for global fab equipment spending from 2026 to 2028 to $150 billion, $218 billion, and $281 billion respectively, arguing that the AI-driven semiconductor supercycle is set to continue through 2028. JPMorgan Chase also maintains a bullish stance, noting that the semiconductor sector, following its recent pullback, is attractive.

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Shopify CEO pressures Anthropic: If Claude Code refuses to support AGENTS.md, Shopify may consider disabling the tool internally.

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Bitwise clients have been purchasing SOL for 5 consecutive days, with cumulative net purchases approaching $1 billion.

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