Pendle Weekly Update: PT-sUSDC Set to Launch on Solana, Product Receives a Series of Key Upgrades

According to Bitget's market data, the Nikkei 225 index closed down 1.93% to 64,011.34 points; South Korea's KOSPI index closed down 1.76% to 6,909.92 points. Among heavyweight stocks, SK Hynix fell 2.21% and Samsung dropped 3.53%.

According to TradingBeats monitoring, two HYPE short sellers on Hyperliquid hold a combined short position of approximately $40.971 million, with unrealized losses of around $7.964 million. Last night, the two placed 200 buy orders in the $64–$77.77 range, totaling about $33.953 million, waiting for the price to fall before covering their positions in batches. The address starting with 0x939f holds roughly 240,500 HYPE short contracts at an average price of $62.50, with unrealized losses of around $4.09 million. It placed 100 buy orders in the $70.1–$77.77 range worth $17.698 million, covering its entire short position. The other address starting with 0x37b8 holds about 274,800 HYPE short contracts with an average entry price of $65.41, and unrealized losses of approximately $3.875 million; it placed 100 buy orders in the $64–$72 range totaling $16.255 million, covering around 87.3% of its short position. Both sets of orders were primarily created last night, with some orders still adjusted this morning. HYPE is currently trading at around $79.51, just about 2.2% away from the nearest tier of $77.77 covering orders. If the price continues to drop to around $72, the second short seller’s large-scale covering plan will enter the execution range.

Blockstream tweeted that it will not pay a ransom to retrieve the stolen Bitcoin from the Liquid Network, stating that unauthorized acquisition of assets and refusal to return them constitutes theft, not responsible disclosure or white-hat behavior. Blockstream added that if the stolen funds are not returned, it will cooperate with law enforcement agencies, exchanges, service providers, and forensics experts to track, recover the assets, and identify responsible parties through all legal means, emphasizing that Bitcoin transactions are transparent and relevant evidence will not disappear. Blockstream is the primary developer and technology provider of the Liquid Network. On September 7, the Liquid Network reported that approximately 4,000 BTC had been withdrawn by a white-hat hacker, prompting the sidechain to suspend operations.

Crypto KOL @StandartXBT has sparked a controversial claim after analyzing the code of Long.xyz, a Robinhood-linked on-chain platform for issuing coins, stocks, and meme coins, suggesting the platform may support tokenized 1x multi-order liquidity pools for OpenAI and Anthropic, with the related tokens backed by Lighter. However, as of press time, direct public minting of these tokens remains restricted, and they have not yet been officially added to Long.xyz’s platform directory.

Beating AI Express (Dongcha) – Japanese AI firm Sakana AI has launched Fugu Max and Fugu Ultra v2. Essentially "model schedulers", these tools first analyze tasks, assign appropriate models to collaborate, cross-validate outputs, and synthesize final answers. The original Fugu used this approach to combine models including GPT, Claude, and Gemini, delivering performance close to or even outperforming the then stronger Fable 5 in some areas. This time, Sakana split its Fugu line into two: Fugu Max prioritizes cost efficiency, adding more open-weight and specialized models to its pool while opting for sufficient yet cheaper models. The company claims that at near-top-tier performance, Fugu Max costs roughly 1/2 to 1/6 of comparable leading models. Fugu Ultra v2, by contrast, is built for maximum performance: it ranks first or tied for first in 5 out of 8 benchmarks, and its agent pool excludes Fable 5, Fable 5.1, and GPT-6 Astra. That said, switching between multiple models may reduce context cache reuse and generate extra orchestration tokens. Sakana has not disclosed Fugu Max’s cache hit rate or total token cost per task. The original Fugu also faced user complaints about slow speeds and fast credit consumption.

Cross-chain protocol Symbiosis announced in a post that Bitcoin-related swap functions are temporarily unavailable due to ongoing deployment of relevant updates. All other swap functions and protocol operations remain fully operational. Subsequent progress will be released via Symbiosis' official channels.