Odaily reports that trade.xyz posted on X that the 2x long SNDK daily ETF SNXX is now live, offering 10x leverage and 24/7 trading.

Odaily News: US Treasury Secretary Bessent called TPLF (third-party litigation funding) proceeds a "malignant factor" in the financial system. He stated that the Treasury Department is reviewing the $5,000 check proposal. The President's intent regarding $5,000 checks is "very real." It was reported last week that Trump said: if Republicans win both chambers of Congress, every American adult will receive $5,000.

Odaily News: U.S. Treasury Secretary Bessent said on Tuesday that the dollar continues to remain strong as a reserve currency, and the growth in global trading volume reflects "the credibility of our system and the measures taken by this administration." Bessent said at a congressional hearing: "A strong dollar is not a price on a screen; it is the embodiment of a series of actions. As we have seen during this administration's term, we are establishing regulatory certainty, tax certainty, trade certainty, and energy certainty, and this is bringing trillions of dollars in capital to the United States." He said that although countries such as Russia have reduced their foreign exchange reserves, other countries are still actively increasing their holdings. (Jinshi)

Odaily Report: Bitwise Chief Investment Officer Matt Hougan stated that the United States originally had the opportunity to enhance industry security, drive investment, and ensure its continued global financial market leadership for the next 50 years by improving crypto policy, but it is currently sacrificing this opportunity for short-term political gains.

Odaily: US House Speaker Johnson: Will not allow the (United States) to lose its competitive advantage in the field of artificial intelligence. AI company executives are expected to visit the White House within the next week.

Odaily reports, according to CoinGlass data, that over the past hour, total liquidations across the network reached $115 million, of which $109 million were long positions and $6.0269 million were short positions, with longs accounting for approximately 95% of the liquidation amount.

Among these, BTC liquidations totaled approximately $41.0074 million, and ETH liquidations totaled approximately $40.4386 million, together accounting for about 71% of the liquidations over the past hour.

Odaily News: Uniswap founder Hayden Adams posted on X platform that it is "ridiculous" to see community users declaring Robinhood Chain "dead" based solely on a fee revenue chart. In reality, Robinhood simply raised the Gas limit and lowered user fees to expand on-chain capacity and meet enormous block space demand.

According to DefiLlama data, Robinhood Chain revenue has been continuously declining recently, standing at $403,001 in the past 24 hours. Dragonfly Managing Partner Haseeb stated that Robinhood Chain's on-chain DEX trading volume remains strong and is second only to Solana. Robinhood places greater emphasis on attracting RWA and on-chain financial activity through low fees and higher capacity, rather than optimizing short-term sequencer revenue.

Odaily News: According to Hyperbot data, "Brother Machi" has closed part of BTC and ETH long positions. The current positions are as follows:

25x ETH long position worth $59 million, with an unrealized loss of $1.8 million;

40x BTC long position worth $5 million, with an unrealized loss of $110,000.

Data shows that today his positions incurred a loss of $4.42 million.

According to Odaily, an address transferred 1,000 bitcoins to Coinbase, worth approximately $76.37 million.

Odaily News: US Treasury Secretary Bessent: AI company CEOs can halt progress at any time. The Trump administration is at the forefront of reviewing AI models.

Odaily News: Well-known trader Bonk Guy posted on X platform stating that his portfolio value once exceeded $28 million two weeks ago, then pulled back to around $14 million. However, he is not worried, saying he has experienced similar drawdowns before. His next phase goals are to first grow his assets to $30 million, then to $50 million, and ultimately challenge $100 million or more. He also stated that users can publicly track every one of his trades.

Odaily reports that Bitcoin News posted on X that Strive has once again purchased 469 BTC for $36.6 million, bringing its Bitcoin reserves to 25,000 BTC. This purchase was funded entirely by SATA, and Strive has also raised its amplification ratio to 53.5%.

Odaily reports: The European Central Bank (ECB) is recruiting e-commerce and mobile commerce merchants to participate in a digital euro pilot. The pilot will launch in the second half of 2027 and last for 12 months.

The pilot will use a test currency similar to the digital euro but without legal tender status to test online and offline payments, preparing for a possible digital euro issuance in 2029. The ECB seeks to address the growing use of U.S. dollar stablecoins in Europe by expanding merchant acceptance and reducing payment fees. (CoinDesk)

Odaily reported: Morgan Stanley Bitcoin Trust (MSBT), the spot Bitcoin exchange-traded fund under U.S. financial services firm Morgan Stanley, had net assets of $635 million and cumulative net inflows of $538 million as of September 14. The fund listed on the New York Stock Exchange on April 8, making it the first spot Bitcoin exchange-traded product launched by an asset management arm affiliated with a major U.S. bank.

Since listing, MSBT has recorded only one single-day net outflow, of $5.26 million, on May 29. Over the past 21 trading days, the fund recorded inflows on 12 trading days, with cumulative net inflows of approximately $71.95 million; on the most recent trading day, it added $9.75 million in Bitcoin exposure, marking its fifth consecutive trading day of net inflows. (Bitcoin.com News)