DeepSeek Splurges on Huawei Chips: 160,000 Ascend 950DT Chips Deployed in Inner Mongolia Supercomputing Cluster

Injective has signed a memorandum of understanding (MOU) with South Korean digital asset custodian BDACS, with plans to integrate the South Korean won stablecoin KRW1 into Injective’s tokenized asset market and designate it as the exclusive KRW settlement asset for real-world assets (RWA) on the platform. This will allow institutions to directly trade and settle tokenized assets using KRW, reducing reliance on U.S. dollar stablecoins. BDACS noted that KRW1 is fully backed by KRW reserves, with minting and redemption initially limited to approved institutional partners; specific implementation remains subject to regulatory approval. The collaboration comes as South Korea advances its regulatory framework for won stablecoins, with the government targeting completion of legislation related to the Digital Asset Basic Act by the end of 2026. Separately, industry data shows that as of June this year, South Korea’s five largest crypto exchanges have recorded net stablecoin outflows for 18 consecutive months. The global stablecoin market remains dominated by U.S. dollar stablecoins, which account for over 99% of total supply.

Intel announced that AMD and Intel have reached an agreement to adopt oneDNN as the default open-source library for x86 acceleration in PyTorch. The collaboration will simplify developers' AI development workflows on x86 CPUs and further optimize AI computing support for related platforms.

Blockchain technology developer R3 co-founder Todd McDonald said on StrataMedia’s Talking Tokens podcast that banks’ approach to blockchain is shifting from early-stage trials to practical commercial applications. Financial institutions are now leveraging blockchain to launch new products and reach new customers, with their core focus moving from cost reduction to revenue generation. McDonald argues open blockchain networks hold greater development advantages, and all markets will eventually transition to on-chain operations. R3, which previously focused on providing private blockchain networks for banks, is now collaborating with the Solana Foundation to build the next-generation Corda as a Solana-based protocol, taking the lead in launching yield vaults that allow investors to deposit stablecoins and earn tokens backed by real-world assets. McDonald also noted that fixed income and alternative assets are poised to become hot segments in the tokenization space over the next year, with growth potential outpacing the currently more mature tokenized U.S. dollars and money market funds. R3 added that its on-chain real-world assets (RWA) have surpassed $10 billion, with its investors including Bank of America, HSBC, Wells Fargo, and Barclays.

Coinbase is adding support for Axis Labs (AXIS). Users can now generate AXIS deposit addresses on coinbase.com, the Coinbase app, and Coinbase Exchange, in regions where trading for the asset is supported. AXIS deposits will not be available until the asset issuer unlocks transfers.

Mastercard announced the early access launch of its AI agent payment system, Agent Pay for Machines, and demonstrated live transactions at the Cloudflare Connect conference. The system allows AI agents to autonomously discover services, negotiate transaction terms, and complete payments, all bounded by pre-set human-defined budget caps. Built on the open x402 protocol, when an AI agent accesses a paid service and receives a "402 Payment Required" response, it generates a digitally signed payment token, which is validated by the service provider to grant service access. These tokens can be settled in batches, enabling AI agents to complete multiple transactions rapidly. For the demonstration, a marketing agent planned an ad campaign for a protein bar product, processing 9 payments to two separate merchants under a single budget—no individual account registrations or separate invoice management were required. Coinbase provides wallet services, Base handles on-chain settlement, and BVNK supports fiat or stablecoin payments and settlements via Mastercard’s Global Money Platform. Mastercard will also offer developers buyer and seller APIs, SDKs, and test environments, and has rolled out end-to-end pilots with partners including Cloudflare, AWS, and Coinbase.

Ethereum's staked ETH has risen to a record high of 43.8 million ETH, accounting for 35.9% of the total ETH supply. Meanwhile, both the staking yield rate and the number of validators have declined.