INJ hits a new year-to-date high, with a certain whale realizing a 102% profit.

Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), MUFG Trust Bank, and TISI announced that they have completed a joint multi-bank stablecoin issuance and cross-border payment pilot program from July 17 to 23, 2026. The project is supported by Japan’s Financial Services Agency (FSA)’s Fintech Pilot Center Payment Innovation Program (PIP). The three banks acted as co-principals, with MUFG Trust Bank serving as trustee. Under the trust agreement, the stablecoin was issued as a specific trust beneficial right per Japan’s Funds Settlement Act, using cross-border settlements between Mitsubishi Corporation’s Japanese and overseas bases as the use case to verify regulatory compliance and operational feasibility. All parties confirmed the system’s security and the viability of the multi-bank issuance model, and completed end-to-end verification of the stablecoin’s issuance, transfer, and redemption processes. The three banks previously stated plans to launch live transactions within the 2026 fiscal year, and established a joint discussion committee. With deposits as reserves and circulation limited to bank-verified users as core design premises, they will continue advancing the implementation of stablecoins and on-chain finance.

Beating AI News Flash: OpenAI has launched its new real-time voice model GPT-Live-1.1, along with a lightweight version, GPT-Live-1.1 Quip. The update adds 13 new voices covering languages including French, German, Hindi, Japanese, Korean and Mexican Spanish, plus an English voice named Bubbie. OpenAI states that the new version improves multilingual accents to make voice conversations more natural. The AI also no longer repeats fixed phrases such as "Checking" when searching for information, and task handoffs to other models are now smoother. GPT-Live-1.1 will be the default voice model for Plus and higher-tier subscribers, while other users will default to Quip. The update is rolling out to ChatGPT, Codex and dots, with API access to be opened later.

Crypto analyst Axel Adler Jr stated that short-term holders currently hold approximately 4.08 million bitcoin, the highest level since mid-June. Since the July 29 low, this holding has risen by around 422,000 units, a 12% increase. Of that total, some 154,000 bitcoin were added in the first two weeks of October, and a further 48,000 in the past week. He added that most new buyers entered the market in the $82,000 to $86,000 range. As of press time, the average cost basis for short-term holders stands at roughly $74,900, with their unrealized profit buffer narrowing from about 16% to around 10%. Adler noted that $74,900 is the breakeven point for this group, and bitcoin prices have remained above this cost level since August 20. A drop below this threshold would push the group into overall unrealized losses, potentially intensifying selling pressure.

According to BIT (bit.com) market data, during pre-market trading in U.S. stocks, crypto-related stocks declined, most optical communication sector stocks rose, while semiconductor and storage stocks showed mixed performance. Details are as follows: In the U.S. semiconductor and storage sector: Seagate Technology (STX) fell 0.16%; Western Digital (WDC) dropped 1.20%; SanDisk (SNDK) declined 1.69%; Micron Technology (MU) fell 1.53%; NVIDIA (NVDA) rose 0.41%; Intel (INTC) dropped 0.73%; Advanced Micro Devices (AMD) declined 1.58%. Among crypto-related stocks: Strategy (MSTR) fell 2.66%; Coinbase (COIN) dropped 1.15%; Circle (CRCL) declined 1.81%; BitMine Immersion (BMNR) fell 0.92%; SharpLink Gaming (SBET) dropped 1.34%. For optical communication-related stocks: Marvell Technology (MRVL) fell 0.85%; Applied Optoelectronics (AAOI) rose 2.11%; Lumentum Holdings (LITE) gained 0.80%; Coherent Corp. (COHR) increased 1.25%; Ciena Corporation (CIEN) rose 1.20%; AXT Inc. (AXTI) gained 0.74%.

Beating AI News: German AI company Black Forest Labs has open-sourced its FLUX 3 Image Klein image generation model. Officially, it is listed as having 5.6 billion parameters, but this only accounts for the image generation component; an additional 4 billion parameters from Qwen3-VL are required for text instruction understanding, bringing the total to roughly 9.6 billion parameters. The new model supports native 4K output, image editing, and up to 10 reference images. Quantized versions can run on RTX graphics cards with as little as 8GB of VRAM, and an RTX 5090 takes approximately 4 seconds to generate a 1-megapixel image. Official internal evaluations show FLUX 3 Klein outperforms Qwen-Image 2.1 in both text-to-image and image editing capabilities. Compared to its own previous-generation FLUX.2 Klein 9B, its scores for these two tasks improved by 91 and 70 Elo points respectively. However, initial real-world tests on Reddit have been unfavorable: some users reported failed attempts at adjusting character poses and switching perspectives, with even some deeming the model’s performance inferior to the previous 4B version. In a separate third-party blind test of 200 real editing tasks, FLUX 3 Klein scored 6.93, slightly lower than Nano Banana 2.1’s 7.20, but costs only one-fifth as much per image. The test also found it prone to errors in character pose adjustment and multi-image composition. Black Forest Labs specifically notes that users should ideally use an additional language model to expand prompts before use, as short instructions often produce mediocre results. To this end, the team has released a 9-billion-parameter prompt expander. The model is licensed under the FLUX Kommunity License: individuals and enterprises with annual consolidated revenue under $5 million may use it for commercial image generation free of charge per the terms, but commercial fine-tuning requires separate authorization. API generation of a 1K image starts at $0.009.

According to TradingBeats' monitoring, over the past 24 hours, the spot trading volume of UZEC/USDC on Hyperliquid reached approximately $17.5445 million, 43.3% higher than UETH/USDC's $12.2436 million. In the same period, UZEC rose around 11.81% to $1231.2. While prices surged rapidly, large sell orders emerged: from last night to the present, a whale sold a total of 2,000 UZEC tokens, with a trading volume of about $2.1749 million at an average price of $1087.44; as of verification, the address (0x3758…aa39) still holds 7,657.53 UZEC tokens. Meanwhile, at least two accounts conducted unilateral buys of UZEC totaling around $1.2342 million over the past 24 hours; another account completed approximately $1.48 million in two-way trades. The derivatives market also heated up: during the same period, the notional open interest (OI) of ZEC perpetual contracts increased by about 17.1% from the previous day, reaching roughly $612 million.