AVAX briefly broke through the $10 mark, surging over 19% in 24 hours.

Arthur Hayes (@CryptoHayes) just called for $ENA to reach $0.50. He bought 25.33M $ENA ($5.53M) at an average price of $0.09 a month ago and is now sitting on a $3.28M unrealized profit (+146%)!

Beating AI News: StepStar officially launches its flagship model Step 5 Preview. Built on a sparse Mixture-of-Experts (MoE) architecture, the model has a total of 600 billion parameters, with only 27 billion activated per inference run. It supports a 1 million-token context window and text-image input. The model’s API and Studio are now fully open, with full model weights scheduled for release on October 15. Artificial Analysis (AA) completed pre-evaluations earlier. Step 5 Preview scored 44 points on the Intelligence Index, matching Kimi K3 Max. AA currently measures its output speed at ~100 tokens per second, with a task cost of $0.71, compared to Kimi K3 Max’s $2 per task. The developer highlighted the model’s long-task capability: StepStar enabled Step 5 Preview to autonomously optimize a set of H100 GPU cores for up to 24 hours straight. The model independently modifies code, runs tests, compares results, and iterates. After roughly 22 hours, it achieved 508 TFLOPS, while Claude Opus 5 reached 493 TFLOPS in the same experiment. In another 24-hour trial, Step 5 Preview designed its own training data, lifting Qwen3-30B-A3B’s accuracy on AIME24 from 53.3% to 60% — matching Claude Opus 5, while consuming fewer labeled tokens.

According to Lookonchain’s monitoring, Arthur Hayes bought 25.33 million ENA at an average price of $0.09 one month ago, with a total value of roughly $5.53 million. The unrealized profit on this position has now reached $3.28 million, representing an approximate 146% return.

BitMEX co-founder Arthur Hayes expresses bullishness on ENA, targeting a price of $0.5. Per HTX market data, ENA is now trading at $0.2136, up 24.19% in the last 24 hours.

Privacy public blockchain Midnight’s Chief Technology Officer Sebastien Guillemot stated in a post that Midnight’s mainnet is soon to open smart contract deployment, enabling users to deploy privacy smart contracts and create custom privacy tokens. Development work will continue advancing after the mainnet rolls out smart contract deployment. Currently, the testnet is running the next version of smart contracts, with added features including events and composability; the team is working to deploy these features to the mainnet in subsequent upgrades. Guillemot added that users can create their own tokens and trade them between privacy ledgers and public ledgers. Once live, these tokens can integrate with select DeFi functions via Offer Files, and will unlock more use cases as composable smart contract upgrades roll out.

Universal officially announced that due to user adoption failing to reach the level required for long-term protocol sustainability over the past two years, the team has decided to gradually wind down the Universal protocol. The protocol will remain fully operational for the next 60 days, with existing infrastructure and underlying asset support for uAssets unaffected. The wind-down period will last until November 17, 2026. During this period, users can sell uAssets via the Universal app or directly redeem underlying assets through the minting and redemption interface; large redemptions can be processed by contacting the team. After November 17, the protocol will officially shut down, and remaining uAssets will be redeemed via smart contracts. Per current plans, uSOL, uXRP, uDOGE, uADA, uBTC, and uLTC on Base will each be converted to their corresponding bridged assets, while other uAssets will be converted to USDC. Final redemption assets and smart contract details will be announced before the shutdown. Universal noted that over the past two years, the protocol has supported more than 80 assets, facilitated their entry into various blockchain ecosystems, and promoted cross-ecosystem transactions, but ultimately failed to meet expected adoption levels, leading to the decision to cease operations.