Wall Street investment bank Cantor Fitzgerald raises Coinbase’s target price to $212.

Beating AI News: Just after the Hy4 preview went open-source, Tencent has released an extreme quantized version of its Hunyuan model. The original model weights are nearly 1.5TB, while the new GGUF version is only around 214GB, drastically lowering the local deployment barrier for this 770B MoE model. Tencent did not uniformly quantize the entire model to 1.25-bit; instead, it applied different quantization levels based on each layer’s sensitivity to precision: non-critical layers are compressed to as low as ~1.31-bit, while sensitive layers retain 2-bit or higher precision, resulting in an average of ~2.38 bits per weight (bpw). In four benchmarks provided by Tencent, the quantized version only dropped 0.2 to 1.6 points compared to the BF16 original. After compression, Tencent also tested heterogeneous device joint inference with prima.cpp. A setup consisting of an RTX 4090 laptop and a 4-A4000 server, with only 80GB of total VRAM and 64GB of RAM, achieved an inference speed of 1.02 tokens per second—roughly 6 times faster than running the model offloaded on the laptop alone. Multiple devices with different configurations can also jointly share the model inference workload.

Japan’s 10-year government bond yield climbed to the 3% level for the first time since September 1996.

X-Agent has announced that the X-Agent AI MCP Hackathon 2026 will officially launch on September 2, inviting global developers and teams to submit practical, verifiable Agent and MCP applications. The online global event is supported by OlaXBT and features two tracks: 1. The Open Innovation Track encourages participants to build any practical API-driven Agent or MCP capabilities, focusing on areas including AI, crypto assets, data, automation, and Agent infrastructure. 2. The OlaXBT × X-Agent Trading Challenge grants participating teams access to OlaXBT Nexus MCP, enabling them to develop trading strategies, run backtests, analyze performance, and utilize market data to validate strategies and build related Agent or MCP applications. Total rewards consist of USDT and X-Points. Each track’s first-place team will receive 500 USDT, while the top five teams in each track will split X-Points—tokens eligible for participating in the airdrop of X-Agent’s $XAGT. Winning and selected projects will also gain access to support such as MCP standardization, ecosystem exposure, market integration, and paid call commercialization. The registration and development period runs from September 2 to September 19. Technical review and judging will take place between September 20 and October 1, with the winner list expected to be announced from October 2 to 4. Participants must submit projects via the official GitHub repository. For registration and event details, please refer to the original link.

According to TradingBeats monitoring, trader "CBB"-linked sub-accounts have cumulatively purchased 125,492.4 HYPE spot tokens since 00:45 today, for approximately $10.5506 million at a weighted average price of $84.073. Meanwhile, alongside these spot buys, the account added a short position of 125,458.02 HYPE perpetual contracts on 10x cross margin, with a position size of around $10.5524 million and an average entry price of $84.111. The quantity and value of both trade legs almost perfectly align, forming a nearly 1:1 spot-perpetual hedge. Currently, HYPE’s funding rate remains positive, meaning long positions pay funding fees to shorts. The account has received roughly $1,818.6 in funding fees today via its short perpetual position. This strategy also uses borrowing to boost capital efficiency: the account has enabled portfolio margin, holding approximately 190,538 HYPE as assets while borrowing around 7.56 million USDC, resulting in a USDC balance of roughly -$5.96 million. The main account has seen a net inflow of around $10 million this cycle, with the remaining spot exposure primarily funded through USDC borrowing. This address is a sub-account named "2 HYPE DN" under the main wallet 0x49e9. The main account currently holds an additional ~15.696 million USDC and controls multiple related sub-accounts. Main account: 0x49e96e255ba418d08e66c35b588e2f2f3766e1d0; Trading sub-account: 0x642ed9529b2c4fc33da54d1005b6aa12aefdf814 On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time Hyperliquid data viewing, address-based tracing of whale operations, and comprehensive in-depth analysis.

According to PeckShield’s monitoring, 50 major hacking incidents hit the crypto industry in August 2026, a 67% rise from the 30 cases in July, with total losses of roughly $136.3 million—down 49.5% month-over-month. Among these, the Cronos ecosystem lending protocol Tectonic suffered a hack that caused about $74 million in losses, making it the largest single incident of the month and the fourth-largest crypto asset theft case of the year. The attackers only bridged approximately $6 million to Ethereum before Cronos suspended its network, leaving most of the remaining funds stranded on Cronos.

Monetary Authority of Singapore (MAS) is soliciting public comments on proposed legislative amendments to the Payment Services Act 2019, aiming to establish a stablecoin regulatory framework in Singapore. The regulator is also seeking public feedback on related proposals for additional regulatory requirements, which draw on developments in the stablecoin industry since 2023. The consultation additionally collects input on policy stances including recognition of cross-jurisdictional and offshore-issued stablecoins. The comment deadline is October 16.