South Korea's Finance Minister and Bank of Korea Governor held a joint meeting with officials from the U.S. Federal Reserve and the U.S. Treasury.

According to TradingBeats' monitoring, Hyperliquid address 0xd7b8…9f55 currently holds around 7,351 ETH short positions, using 15x full-margin leverage. The position is valued at approximately $18.05 million, with an unrealized loss of roughly $27,000. The average entry price of the position is about $2,452.59, and its liquidation reference price is around $2,695—roughly 9.8% higher than the current mark price. Trading statistics indicate that this address has previously accumulated a profit of approximately $2.51 million from ETH trades.

According to SpotOnChain’s monitoring, Hyperliquid trader watershedpath holds a $11.2 million long HYPE position with 5x leverage, generating an unrealized profit of approximately $58 million. The position’s average entry price is $38.68, while HYPE currently trades at $81.38—nearly doubling since entry—and the trader has held the position without taking profits. This is one of the largest single-sided HYPE positions on Hyperliquid, with the trader’s total profit on the platform exceeding $50 million.

Cryptocurrency-friendly securities platform UMX (The Unified Market Exchange), incubated by Li Lin’s Avenir Group, announced its official launch. Since the start of its public beta on August 10, UMX has received a total of 788 product feedbacks, with 89 demands implemented in the official version. Positioned as a crypto-friendly securities platform for global professional investors, UMX’s core offerings include real Hong Kong and US stocks, ETFs, US stock options and crypto asset trading. It is designed to address issues such as digital and securities assets being segregated in different account systems, complex cross-market allocation processes, and scattered purchasing power. Users can trade real securities and crypto assets under a unified account system, flexibly transfer funds between securities, crypto assets and fiat currencies, and access unified margin for cross-asset operations.

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.