Current funding rates on mainstream CEXs and DEXs show that the market's bearish momentum is easing.

Multicoin Capital co-founder Tushar Jain wrote in a recent article that current cryptocurrency market sentiment is slightly exuberant, and he would not be surprised if a pullback or period of consolidation follows. He advised investors to adopt a longer time horizon and avoid overtrading, as accurately judging every short-term top or bottom is nearly impossible. A more viable approach, he noted, is holding high-quality assets and waiting for investment theses to gradually materialize.

Beating AI Insight News Brief: Tencent Hunyuan has partnered with Tsinghua University and Peking University to launch IWC-Bench, a benchmark specifically designed to evaluate the real usability of AI-generated web pages. Most existing web generation assessments focus on code or screenshots. A page may look visually appealing and have functional code, but issues like unclickable buttons, failed form submissions, or errors when switching pages are hard to detect via static checks. IWC-Bench operates more like a real human acceptance test: it uses an agent to actually open web pages, click buttons, input content, switch pages, and verify which functions work in practice. It evaluates three aspects separately: page aesthetics, operational smoothness, and whether required user functions are implemented. The benchmark includes 369 real user needs and 5088 acceptance criteria, with 17 models generating a total of 6273 web applications. In an additional comparison of 197 manual reviews, IWC-Bench aligned with human choices in 168 cases, achieving an 85.3% consistency rate. The results confirm that a web page "looking good" is not equivalent to being "actually usable". GPT-5.6-Sol has the highest page aesthetics score but ranks only sixth in usability; for individual web pages, visual appeal is largely unrelated to usability, with a correlation coefficient of just 0.36 between the two.

Solana-based token launch platform StonkFun announced that it has distributed over $60 million in rewards to ecosystem holders. On September 19, the platform recorded $1,247,924 in revenue, with $749,636 allocated to buybacks and 2.93 million STONK tokens burned.

Fetch.ai has released an on-chain analysis report on the recent exploit incident. The report traces the full attack path, starting from the leaked signature key to the flow of funds to the attacker’s wallet addresses used for cashing out. Fetch.ai emphasized that the current release is not the final analysis. It has, in collaboration with SingularityNET, deactivated the affected wallets and contracts. The investigation remains ongoing, with additional updates to be announced in due course.

According to TradingBeats, ZEC is trading at approximately $1,445.2, down around 7.7% over the past 24 hours. On Hyperliquid, the long position at address 0xcbab has voluntarily reduced its ZEC holdings by about $5.245 million today, yet still holds roughly $12.921 million in long positions, with its liquidation price roughly 4.92% below the current level. This address currently holds 8,933.8 ZEC, at an average entry price of approximately $1,477.48, with an unrealized loss of about $279,000. Its liquidation price stands at $1,374.16. In the same segment, the address starting with 0xabf6 still holds 1,976.18 ZEC in long positions, valued at roughly $2.857 million, with an estimated liquidation price of $1,380.28, some 4.49% below the current price. The combined liquidation risk of these two addresses' long positions, totaling around $15.778 million, is concentrated in the $1,374 to $1,380 range. Before reaching this concentrated risk zone, two additional long positions have closer liquidation thresholds: Address 0xc46a holds a ZEC long position worth approximately $1.642 million, with an estimated liquidation price of $1,411.99, about 2.30% below the current price; Address 0x421e holds a ZEC long position of roughly $558,000, with an estimated liquidation price of $1,397.31, some 3.31% below the current price. The four addresses collectively hold around $17.978 million in ZEC long positions.

According to data from Hypeflows, Hyperliquid currently holds a 10.9% share of the global perpetual contract market (including all centralized exchanges such as Binance, Bybit, and OKX) based on open interest, hitting an all-time high. Per HTX market data, HYPE is trading at $91.32, down 1.7% in the past 24 hours.