In the past hour, global crypto liquidations reached $121 million, with short positions making up the bulk of the liquidations.

Kinetiq, a liquid staking protocol built on the Hyperliquid ecosystem, has concluded its kPoints loyalty program and opened KNTQ token subscriptions. Point holders can purchase their allocated KNTQ tokens at a price of $0.26 per unit within 10 days. This round’s subscription quota is 50 million KNTQ tokens; if fully sold, it is expected to raise approximately $13 million. Following the announcement, KNTQ’s price dropped by around 23%. Kinetiq previously built its user base through the kPoints points mechanism, and is now offering token access to point holders via paid subscriptions.

U.S. Time magazine released a lengthy report on Donald Trump on October 1. The report noted that Trump has grown increasingly fascinated by artificial intelligence capabilities since returning to the White House. Last December, Elon Musk secretly returned to the White House Oval Office to meet with Trump, during which Trump spent hours posing questions about his presidential tenure and political legacy to Musk’s AI chatbot Grok. Trump also asked Grok how Venezuelan citizens would react if the U.S. arrested Nicolás Maduro. Grok replied that Maduro was deeply unpopular in Venezuela, with many Venezuelans likely to celebrate his downfall. The following month, Trump ordered the operation to arrest Maduro, and celebrations subsequently erupted on Venezuelan streets. Multiple officials disclosed that this incident led Trump to view Grok’s performance as excellent. (Jinshi)

According to GMGN market data, Dolphin (POD) has rallied over 130% following its listing on Upbit, currently trading at $0.682 with a market cap of roughly $338 million. Notably, the token’s 24-hour trading volume is just $3.1 million. Earlier, BlockBeats reported that South Korean exchange Upbit announced it would add support for Dolphin (POD) trading, opening pairs in KRW, BTC, and USDT. BlockBeats Note: Meme coins exhibit extreme volatility, largely driven by market sentiment and conceptual hype rather than tangible value or use cases. Investors should be mindful of the associated risks.

According to an official announcement, OKX will launch H100, ACN, NKE, BWET, and SECZ stock perpetual contracts on its web platform, app, and API starting from October 2 at 17:30 (UTC+8). The specific launch times are as follows: H100/USDT contract: 17:30 (UTC+8); ACN/USDT contract: 17:45 (UTC+8); NKE/USDT contract: 18:00 (UTC+8); BWET/USDT contract: 18:15 (UTC+8); SECZ/USDT contract: 18:30 (UTC+8). All these stock perpetual contracts use USDT as the settlement currency, operate 24/7, and have an 8-hour funding rate settlement cycle.

According to an announcement from Upbit, South Korea's largest cryptocurrency exchange, the platform will add trading support for Dolphin (POD), opening three trading markets: KRW, BTC, and USDT.

Beating AI News (Dongcha) Flash Briefing: According to people familiar with the matter, Broadcom’s Wall Street underwriting syndicate is in the process of raising a new $60 billion AI chip financing round, with beneficiaries including Anthropic and other firms. The sources noted that multiple banks involved in this massive debt package are set to send underwriting invitations for $42 billion in Class A senior secured debt. They added that Blackstone is leading the $18 billion Class B subordinated debt portion, with multiple funds under Blackstone committing to contribute $9 billion, and the remainder planned for external distribution. A Broadcom spokesperson declined to comment.