Analysis: Strategy’s transfer of 3,568 BTC is only an internal transfer at Fidelity Custody, not a sale.

According to Farside data, U.S. spot Bitcoin ETFs recorded net inflows for the eighth consecutive trading day yesterday, totaling $31 million.

According to Farside data, U.S. Ethereum spot ETFs posted net inflows for the seventh consecutive trading day yesterday, totaling $17.1 million.

According to Lookonchain’s monitoring, SharpLink, the second-largest Ethereum treasury firm, staked an additional 42,074 ETH today, valued at $112.8 million. The firm currently holds 892,127 ETH (worth $2.4 billion) and has earned staking rewards of 27,945 ETH (valued at $75 million).

According to HTX market data, NMR leads the altcoin market, surging over 40% in 24 hours, hitting a high of $15.5 before trading at $14.1 as of press time. The rally is more of a catch-up move by capital under the "AI + institutional narrative": earlier, established institutional-linked tokens like QNT had rallied first, with some traders viewing NMR as a peer asset. Its price broke out of the $9–$10 consolidation range with significant volume, trading volume expanding notably from prior levels. Fundamentally, Numerai currently manages around $700 million in assets, has repurchased approximately $3.2 million worth of NMR over the past year, and has switched to a new on-chain staking mechanism. HBAR also leads the altcoin market, jumping over 27% in 24 hours, briefly breaking above $0.13 before trading at $0.122. On the news front, Hedera’s IDTrust identity solution was added to the IBM Cloud catalog, targeting enterprise clients and AI Agent identities; a Hedera council member appeared on NVIDIA’s Open Agent Safety-related list, which the market interpreted as its entry into the AI security sector. Combined with positive factors including RWA rumors such as Lloyds Bank’s tokenized Treasury bonds and BlackRock’s money fund shares going on-chain, plus its inclusion in a UK wholesale digital market working group, multiple tailwinds have driven HBAR’s rise.

SharpLink Gaming(@Sharplink) staked another 42,074 $ETH($112.8M) today. SharpLink now holds 892,127 $ETH($2.4B) and has earned 27,945 $ETH($75M) in staking rewards.

In a Beating AI Express report, Noah Shinn, founder of personal AI agent Instinct, said the company’s user base has grown by roughly 10% to 11% daily in recent weeks, with corresponding computing power demand nearly doubling weekly. He now spends around 40% of his time deciding how much computing power to purchase in advance. The challenge is that computing power cannot be bought on-demand to match user growth. Shinn crunched the numbers: buying just twice the current computing power would be exhausted in about a week; five times the current capacity would be used up in under three weeks; while purchasing ten times the current capacity would mean tying up a large sum of capital upfront. Many resources also require booking months in advance, and emergency computing power purchases can cost 3 to 4 times more. Even if Instinct’s daily growth rate drops from 10% to 5%–8%, Shinn estimates that after 3 to 4 months of sustained growth, the company may need to prepare computing power for a 100-million-user scale. The problem is that this timeline is exactly how long it takes for new computing power to come online. Buying too little cannot support growth, while buying too much leads to inflated costs if growth slows. Shinn believes this is more difficult than scaling for regular consumer internet products. When Instagram or Facebook double their user base, they mainly handle more requests; each new user of a personal AI agent also continuously consumes large amounts of model inference resources. He added that the scaling speed Instinct is currently facing is even faster than similar challenges encountered by Claude Code and Codex in the past.