After nailing a long position on Ethereum (ETH) that generated over $11 million in profits, a crypto whale has once again opened a 20x leveraged long position on 100,000 Solana (SOL).

According to official announcements, the Ethena Foundation has unveiled four adjustments to the Ethena ecosystem: repurchasing locked tokens held by early investors, further aligning the token’s value with equity, launching a governance proposal for revenue-based ENA repurchases, and canceling future monthly unlocks for venture capital (VC) investors. The foundation stated that it has completed the acquisition of all locked ENA tokens from key seed round investors, who had sold ENA over the past nine months. Regarding token-equity alignment, the Ethena Foundation and Ethena Labs have signed a Master Framework Agreement, which specifies that all intellectual property and value generated under the agreement will exclusively belong to the foundation, governed by ENA token holders, while equity investors in the Labs entity will no longer be entitled to residual cash flows. Additionally, the governance proposal for revenue-based ENA repurchases is now live. Under the proposal, net income from all business lines under the Ethena brand will be used for programmatic ENA repurchases, and the proposal has already been approved by the Risk Committee. The Ethena Foundation also noted that it has reached an agreement with key investors to eliminate sell pressure from future monthly VC token unlocks by releasing unvested tokens. Team tokens will remain locked in accordance with the original vesting schedule.

According to HTX market data, SOL has broken through $105, currently trading at $105.00, with a 24-hour gain of 9.25%.

According to HTX market data, Bitcoin has fallen below $79,000, currently trading at $78,949.24, with a 0.1% daily decline.

According to market data from BIT (Bit.com), U.S. crypto-related stocks generally posted slight gains: SharpLink (SBET) traded at $8.530, up 2.52%; Bitmine (BMNR) at $25.490, up 2.33%; Gemini (GEMI) at $4.760, up 4.85%; Bullish (BLSH) at $34.270, up 3.50%; Circle (CRCL) at $93.140, up 3.59%; Strategy (MSTR) at $127.330, up 3.36%; and Coinbase (COIN) at $184.780, up 1.65%.

According to market data from BIT (Bit.com), US stocks opened with mixed performance across the three major indices: the Dow Jones Industrial Average fell 0.1%, the S&P 500 rose 0.34%, and the Nasdaq gained 0.87%. NVIDIA (NVDA.O) climbed roughly 6%, with its next year revenue projected to grow 70%.

Flash report from Beating AI Insight: The U.S. is set to push its "light-touch AI regulation" approach to more countries at next week’s G20 Innovation Ministers’ Meeting. Attendees include Elon Musk, David Sacks, Sam Altman, and Jensen Huang. The meeting will be held in North Carolina, U.S., from September 1 to 2, with technology and trade officials from over 20 countries participating. Bloomberg reports that Musk and Sacks will speak virtually on the first day, while Altman and Huang will appear in person on the second day. The U.S. wants G20 members to adopt looser tech regulation: avoid establishing new dedicated regulatory bodies, rely as much as possible on existing industry regulators, and allow governments and enterprises to jointly test new technologies like AI. The framework, dubbed the "Carolina Principles," is non-binding. If member states reach a consensus, the principles will be included in a joint statement and submitted for discussion at the December G20 Leaders’ Summit. This approach is essentially the international version of the Trump administration’s domestic AI policy. The White House explicitly stated in March this year that it would not establish a new federal AI rulemaking body, instead letting existing industry regulators and standards bodies oversee AI, while minimizing regulations that hinder AI deployment. Now, the U.S. is preparing to extend this same set of rules to the G20.