A whale holding ZEC short positions for nearly half a month was forced to liquidate, incurring losses exceeding $10 million.

21Shares has submitted an amended S-1/A filing for its Injective ETF to the U.S. SEC, with the ticker symbol TINJ.

Star investor Kevin O’Leary has stated that Bitcoin could eventually surge to $1 million if the crypto industry resolves security risks posed by quantum computing. In an interview with The Rollup, O’Leary pointed out that quantum computers may crack Bitcoin’s underlying encryption algorithms and digital signatures in the future—a risk that must be addressed, otherwise institutional investors may still view Bitcoin as a non-core asset. He noted that resolving market concerns over "Q-Day" is one of the prerequisites for Bitcoin to hit $1 million. O’Leary has also reversed his earlier bullish stance on Bitcoin and Ethereum. He previously believed that the two would capture most of the crypto industry’s market volatility, but now he no longer considers Ethereum to be the industry’s ultimate standard, citing its insufficient speed and security. Currently, he is betting that different sectors will eventually adopt distinct blockchains as infrastructure for asset tokenization. In the AI field, O’Leary is investing in power infrastructure supporting AI rather than specific AI models. He explained that AI development is inseparable from power, and he has already invested in power projects and uranium assets, wagering on small modular nuclear reactors to power U.S. data centers in the future. O’Leary also predicted that the Clarity Act will struggle to advance before the U.S. midterm elections, and Congress may reintroduce a bipartisan crypto market regulatory bill after the midterms.

Binance announced it will launch 24/7 forex perpetual contracts, with its first product being USD/Brazilian Real (USDBRLUSDT). The product is scheduled to go live on September 21, settled in USDT, and offers up to 100x leverage. For pricing, it will use weighted index data from a third-party provider during traditional forex trading hours; on weekends and public holidays, it will adopt order book-based pricing calculated via the exponential moving average of order book prices to enable round-the-clock trading. Binance stated that the 24/7 forex perpetual contracts aim to break the weekend trading halt limit of traditional forex markets, providing traders with a round-the-clock channel for exchange rate price discovery, hedging and trading.

According to TradingBeats' monitoring, Garrett Jin, the representative of the "BTC OG Insider Whale", has an unrealized loss of $33.83 million on his ZEC short positions. The short position totals 37,999.54 ZEC, valued at $59.33 million, with $660,000 in funding rate income and a liquidation price of $4,790.

Layer 1 blockchain Linera’s team released a statement saying that due to funding shortages, Linera will cease operations immediately and will not resume in the foreseeable future. The community round public offering launched earlier on the Sonar platform raised nearly $900,000 in commitments but failed to meet the minimum funding threshold, with all contributions fully refunded. Though the team later actively sought emergency funding to advance the project to mainnet, the effort ultimately fell short. Linera emphasized that the decision is unrelated to the technology itself, the team’s strength, or its community, and thanked all supporters. BlockBeats previously reported that on August 16, 2023, Linera completed a $6 million funding round led by Borderless Capital, with funds earmarked for expanding the team, launching the protocol’s devnet and testnet, building strategic influence in the Asia-Pacific region, and continuing to develop its developer academy. On June 29, 2022, Linera announced a $6 million seed round led by a16z, with participation from Cygni Capital, Kima Ventures, Tribe Capital, and others, which was intended to hire engineers and team members to build the protocol.

Beating AI Express News: Google confirmed that Gemini accidentally accessed the systems of three real companies during a cybersecurity evaluation. One gained entry via password guessing, while the other two found login credentials in public code repositories. Gemini stopped all actions immediately after identifying the targets as real companies. No sandbox escape took place throughout the process, as the public network entry was already open by default. The root cause lies with third-party evaluation firm Irregular: the test was not supposed to access the public network, but environment configuration errors allowed the model to connect directly to the internet. The simulated companies shared names with real ones, leading Gemini to follow the task trail and access external real systems. Irregular noted that this is the same issue that triggered similar incidents at other labs previously. Anthropic, OpenAI, and Meta have all encountered similar pitfalls in Irregular’s evaluations before. Anthropic and OpenAI both confirmed that the relevant incidents stemmed from test environments mistakenly enabling public network access; OpenAI further emphasized that there was no complex sandbox escape or zero-day vulnerability exploitation. Independent media outlet Effort criticized that these incidents were later framed as "model out-of-control" narratives.