Odaily Planet Daily: According to official announcement, Bitget has launched a USDT-margined CAP perpetual contract, supporting up to 10x leverage, and the trading bot feature will also be open simultaneously. For more details, please refer to the official Bitget platform.
Odaily reported that CZ stated in an interview that the significant downturn in the crypto market during the first half of 2026 cannot be explained by a single factor. The overall correction of approximately 50% is likely the result of multiple macro and structural factors. Geopolitical tensions, capital flowing from crypto assets into the AI sector, and the traditional four-year crypto market cycle are jointly suppressing market performance. Notably, Bitcoin has seen a clear decline from its all-time high, falling from around $126,000 last year to approximately $60,000 currently.
CZ said that despite short-term price pressure, the industry's long-term trend will continue to grow. He believes that as global demand for trading and financial technology increases, the scale of the crypto industry will still expand. Currently, "emerging industries like AI are absorbing hot money from the market," but this could be a positive phenomenon in the long run. Additionally, he is optimistic about the development of prediction markets, believing they help improve price discovery efficiency and market liquidity.
On the regulatory front, CZ believes the US may push forward legislative progress like the "Clarity Act" for digital assets before the end of the year, but these policies are "tactical adjustments" and will not change the long-term growth trajectory of the crypto industry. He also pointed out that countries around the world are still accelerating the development of digital asset regulatory frameworks. (CoinD)
Odaily reports that according to sources, the Trump administration is close to allowing Anthropic to restore access to its powerful Fable 5 model, which has been offline for 15 days due to government security concerns. Insiders expect the government may lift restrictions on Fable 5 as early as next week. Another source indicated that relevant communications are expected to continue over the weekend, and Anthropic is expected to restore access to Fable soon.
The U.S. Commerce Department on Friday allowed Anthropic to restore access to Mythos 5 for a limited number of trusted users. According to Semafor, Commerce Secretary Howard Lutnick stated in a letter to Anthropic on Friday that the company "has worked with the U.S. government to jointly address risks associated with Mythos 5 and Fable 5." "These efforts have made significant progress." Additionally, Anthropic has committed to cooperating with the U.S. government on agreements, standards, and releases. (Jin Shi)
According to official sources, Gate has launched CAP (Cap) perpetual contract trading (USDT settlement), supporting up to 1-20x leverage.
Odaily Strategy's enterprise valuation has fallen below the value of its Bitcoin holdings, with its enterprise value to net asset multiple (mNAV) dropping below 1 for the first time, signaling a shift in the market's valuation logic for the company.
Data shows that Strategy's current stock price is approximately $82, down about 85% from its all-time high in November 2024. Its enterprise value stands at around $50.4 billion, while the value of its Bitcoin holdings is approximately $51.1 billion (calculated at roughly $60,000 per Bitcoin). This means the market currently values the entire company at less than the value of the Bitcoin it holds.
For a long time, the market valued Strategy significantly higher than its Bitcoin reserve, allowing the company to raise capital at a premium and continuously accumulate more Bitcoin. This model has been considered a key foundation of Michael Saylor's capital strategy. However, with the mNAV now below 1, raising capital through new equity issuance could potentially have a dilutive effect on existing shareholders.
Analysts point out that this change makes Strategy's valuation structure more akin to a "closed-end fund," similar to the discount trading state observed in the Grayscale Bitcoin Trust during different market cycles. Such structures typically lack effective arbitrage mechanisms, making it difficult for discounts or premiums to correct quickly.
However, unlike traditional closed-end funds, Strategy still possesses a variety of capital instruments, including debt financing, equity financing, software business cash flow, and capital structure management. In theory, this provides a degree of flexibility to navigate market volatility. (CoinDesk)
Odaily reported that as Anthropic faces export restrictions limiting the global availability of its advanced models, multiple Asian AI companies are accelerating efforts to fill the market gap. Chinese cybersecurity firm 360 Security Technology has reportedly launched an AI tool called "Tulongfeng," claiming it can directly compete with Anthropic's high-end model "Mythos." Meanwhile, its more restricted version, "Fable 5," also falls within the scope of relevant export controls.
In the same week, Japanese AI startup Sakana AI released a new model named "Fugu," taken from the Japanese word for pufferfish. It is positioned as a frontier model designed for agents. The company stated that the model's capabilities are comparable to Fable 5 and Mythos Preview, and it supports coordinating multi-model calls via API to enable agent orchestration.
Sakana AI emphasized that the timing of this release and the U.S. export restrictions are "purely coincidental," but the product's official website still clearly promotes "providing frontier capabilities without the risk of export controls." Company co-founder David Ha stated that future AI development will shift from competition among single large models to "model orchestration systems," adding that "access can disappear at any time, and distributed intelligence is a realistic hedge against the risks of centralization."
On the other hand, Chinese 360 founder Zhou Hongyi views AI vulnerability detection capabilities as a "national strategic asset" and warns of the so-called "one-way transparency" risk, where certain entities may monopolize advanced security capabilities.
According to reports, the U.S. export restrictions on Anthropic's advanced models have been in place for about two weeks. Against this backdrop, Asian manufacturers are accelerating the launch of local alternatives. Although some companies still emphasize the importance of American models in the Asian market, the trend of differentiation within the regional AI ecosystem has begun to emerge. (TechCrunch)
Odaily Odaily reports that Coinbase CEO Brian Armstrong posted on X, stating that internally at Coinbase, the team is exploring how to keep AI spending stable while token usage grows exponentially, not through usage limits or constant cost reminders, but through better system design.
He noted that Coinbase is optimizing AI usage costs primarily from five aspects. First is "Better Default Models," allowing engineers to freely choose models, but the system defaults towards lower-cost open-source weight models (such as GLM 5.2, Kimi 2.7), while still encouraging the selection of suitable models for different tasks. Second is "Smart Routing," using an automated system to allocate the optimal model based on task type, cache hit rate, and model pricing, rather than manual selection.
Third is "Cache Optimization," significantly reducing repetitive computation costs by improving the cache hit rate. Fourth is "Streamlined Context," reducing ineffective token consumption during task switching and limiting unnecessary tool calls. Fifth is "Visual Transparency," giving engineers clear visibility into their own usage, without restricting usage through limitations.
Brian Armstrong stated that the goal is not to suppress AI usage, but to build infrastructure capable of supporting exponential growth. The results show that while token usage continues to grow, overall AI expenditure has nearly halved.
1. Joint Maritime Information Center raises threat level in the Strait of Hormuz;
2. Cathie Wood: Growing demand for asset preservation and cross-border allocation tools may boost demand for Bitcoin and digital assets;
3. Serenity: The robotics track is on the verge of explosive growth, with both capital and transactions accelerating;
4. Hong Kong's crypto asset reporting framework bill has entered the review stage;
5. A prominent Chinese hedge fund manager warns that global AI stocks have become a super bubble;
6. A wallet associated with Vitalik transfers 7,000 ETH, worth $11.06 million, to a new wallet;
7. Analyst: Bitcoin may be entering a bottom range, with the 200-week moving average acting as a key macro boundary;
8. Ripple CEO remains bullish on Bitcoin but criticizes Strategy's approach as "harming the crypto market";
9. Binance Futures launches CAPUSDT perpetual contract with up to 10x leverage;
10. Ansem: Short-term stock indices may have topped, with market volatility expected in early Q3.
Odaily Planet Daily reported that Ansem posted on X, reiterating his previous view: stock indices and the memory sector may have peaked in the short term. He expects potential "heavy volatility / 'fuckery'" in the early stages of the new quarter (Q3), which could resonate with weakness in the US stock market. However, he believes the crypto market (focusing on Bitcoin and Solana) has already partially priced in the risk, thus it may show a "divergent strength" decoupling from the broader macro downturn.
Ansem also pointed out that while popular market assets may remain relatively strong, they can hardly rise independently during an overall correction phase. Regarding trading strategies, he warned that high-leverage long positions near the bottom of a bear market are the most dangerous "liquidation zone." He recommends that spot holders avoid frequent trading and instead look for better phased accumulation opportunities during the Q3 correction.
Odaily reports that the United Kingdom Maritime Trade Operations office has forwarded a notice from the Joint Maritime Information Center stating that on the 27th, the center raised the maritime security threat level in the Strait of Hormuz from "moderate" to "elevated." (CCTV News)
Odaily reported that Cathie Wood, founder of ARK Invest, stated on platform X that capital outflows from relatively unstable countries around the world will provide new upward momentum for Bitcoin and other digital assets.
She pointed out that artificial intelligence is leading a technological revolution and is "sucking up a lot of attention and liquidity" in the investment field, but AI cannot replace the role that digital assets play in the current global environment — especially their function as a "wealth insurance tool."
Cathie Wood emphasized that against the backdrop of rising macroeconomic uncertainty, investors' demand for asset preservation and cross-border allocation tools is increasing, and digital assets are gradually becoming an important vehicle for this demand.
Cathie Wood stated that, according to ARK Invest's research, multiomics will be one of the most impactful applications of artificial intelligence, with the potential to bring structural change to the medical field. By combining multi-omics technology with AI capabilities, it is possible to achieve early disease diagnosis before any physical symptoms appear, while significantly reducing the cost and time of new drug development. This could accelerate the creation and delivery of innovative therapies, fundamentally improving the efficiency of the healthcare system.
Cathie Wood believes this trend will drive a shift in the medical model from the traditional "sickcare" approach to genuine "healthcare," realizing a transition from passive treatment to proactive prevention.
Odaily Odaily Planet Daily News RWA trading platform MSX Matoon has officially launched the claim page for its ecosystem token MSX, with a total token supply of 1 billion.
Eligible users can now log in to the platform to submit their claims. The genesis airdrop and related incentive quotas will be unlocked over three months. After users complete the claim, the tokens will be directly credited to their personal accounts on the platform, pending the official launch of the spot trading system. Officials stated that the MSX token will subsequently serve as an ecosystem credential for participating in US stock token trading and Pre-IPO project subscriptions. Related staking and VIP benefits matrix are currently in the internal testing and development stages.
According to monitoring by the PPP Prediction Market Tool, a notorious World Cup top inverse indicator address has once again made an incorrect prediction. This address predicted that Cape Verde would defeat Saudi Arabia, resulting in another loss of $80,000. Since the start of the World Cup, this address has accumulated losses of $620,000, with a recent win rate below 40%. Typically, the larger the bet, the lower the win rate.
The Odaily Seer Channel continues to follow the prediction market, spotting changes before prices are set.
Odaily Ripple CEO Brad Garlinghouse stated in a recent CNBC interview that he remains long-term bullish on Bitcoin, while strongly criticizing Michael Saylor and his strategy of continuously purchasing Bitcoin by financing through preferred stock, arguing that this "financial engineering" approach is negatively impacting the crypto market.
Garlinghouse pointed out that Strategy's reliance on issuing preferred stock (such as STRC) to raise funds for Bitcoin purchases essentially acts as a distraction in the market rather than creating long-term value. He emphasized: "Financial engineering does not create long-term value; the long-term value of digital assets comes from real utility." He specifically noted that STRC's stock price has fallen to a discount of approximately 25% from its par value, which he described as a "strong vote of no confidence" in that financing structure. Against the backdrop of market pressure this week, Strategy's common stock hit its lowest level since February 2024, and Bitcoin briefly fell below $59,000.
On the market front, a CryptoQuant report indicated that if the dividend structure continues, Strategy's cash buffer has decreased from over seven years to approximately 14 months, suggesting a pause in Bitcoin purchases and a rebuilding of reserve funds. Currently, STRC trading below $100 has also rendered its "issue tokens—buy Bitcoin" funding flywheel temporarily ineffective. However, Benchmark-StoneX analyst Mark Palmer believes this model reflects more of a "decline in efficiency" rather than a systemic breakdown. Meanwhile, Ripple continues to adopt an industry-contrarian perspective, reiterating the distinct value path of its ecosystem asset XRP compared to Bitcoin. (CoinDesk)
