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Bitcoin pioneer Adam Back’s multiple businesses have suffered setbacks: BSTR has been ordered to pay a $15 million "termination fee"

42 minutes ago

According to Bloomberg, Adam Back has long held a uniquely revered status in the Bitcoin ecosystem. A pioneering cryptographer whose work was cited by Satoshi Nakamoto, he has long been rumored to be Bitcoin’s mysterious founder. But as the crypto industry undergoes another major shakeup, multiple Bitcoin-related businesses linked to him are facing mounting pressure. A Bitcoin reserve firm he championed saw its merger with a Cantor Fitzgerald-backed SPAC collapse; a Bitcoin mining business he co-founded is mired in legal disputes; and a $320 million hack targeting a Bitcoin-linked blockchain has hit Blockstream—Back’s firm and one of the oldest infrastructure players in the crypto space. The Bitcoin custody project BSTR Holdings, which he led, terminated its merger with a SPAC under Cantor Fitzgerald, and BSTR was ordered to pay a $15 million termination fee. Blockstream Mining, the Bitcoin mining venture he co-founded and holds a minority stake in, has faced multiple lawsuits against partner Exacore since spinning off from Blockstream, accused of defaulting on equipment payments, electricity bills, and customer deposits, with total related financing amounting to roughly $2 billion. Separately, the Liquid Network, a Bitcoin sidechain launched by Blockstream, was hacked, with around 4,000 BTC stolen; 3,400 have been returned, leaving the hacker holding roughly $47 million worth of Bitcoin.

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Global actively managed ETFs' asset size and annual net inflow both hit new highs.

Independent ETF research and consulting firm ETFGI recently released a report showing that as of the end of August 2026, global actively managed ETFs had assets under management (AUM) of $2.72 trillion, with net inflows totaling $663.6 billion — both all-time highs. In terms of growth, global actively managed ETF AUM has risen 42.6% year-to-date, underscoring sustained investor demand for such products. ETFGI attributed the large inflows to the top 20 ETF/ETP products by net new assets, which together pulled in $25.39 billion in August. The top three on the list are: Avantis U.S. Large Cap Value ETF, with a monthly net inflow of $3.41 billion; Yinhua Daily Income ETF, with a monthly net inflow of $2.66 billion; and ProShares GENIUS Money Market ETF, with a monthly net inflow of $2.145 billion. Source: China Fund News.

10 minutes ago

US pre-market news roundup: Anthropic’s IPO prospectus unveiled, AMD to acquire World Labs for $8.2 billion

Below are key pre-market news for US stocks on Tuesday: 1. Executives from AI giants including NVIDIA (NVDA.O) and Anthropic will discuss AI risks with Trump; 2. Anthropic’s IPO prospectus has been released, showing it generated $4.59 billion in revenue in 2025, a roughly 12-fold year-over-year increase, with future computing power investment expected to remain astronomical; 3. AMD will acquire World Labs for $8.2 billion, with Fei-Fei Li set to serve as AMD’s chief scientist; 4. The "Big Short" investor Michael Burry is accelerating bets on an AI crash, stating the bubble could burst earlier than expected; 5. Tesla has postponed the unveiling event for its next-generation Roadster from October 1 to October 15. Meanwhile, JPMorgan Chase cut Tesla’s price target from $445 to $415; 6. US spot Bitcoin ETFs and spot Ethereum ETFs both recorded net capital inflows for 7 consecutive trading days; 7. Chicago Board Options Exchange (CBOE) said it may collaborate with S&P Dow Jones Indices to explore innovations in new products such as tokenized option contracts.

10 minutes ago

DeepSeek Harness desktop client officially released, with Mac and Windows versions available out of the box.

DeepSeek has officially launched the Harness v0.2 preview, with desktop downloads available for macOS and Windows. Installation packages that were previously hosted on official servers now have an official website entry; after downloading and installing, users can log in directly with their DeepSeek account or use an API Key. The new version focuses on improving the daily desktop user experience. Harness can now directly process documents, spreadsheets, and PDFs, generate charts and presentations, edit projects, and run code. File changes, code modifications, and Agent execution processes are all centralized in the chat interface and sidebar. Scheduled tasks have also been added, enabling automated execution of repetitive work on a set schedule. Plugins have evolved from an experimental capability to an official product feature. No command line is required: users can install, disable, and uninstall plugins simply by entering npm package names in the plugin management page. The experimental Creative Mode also allows Harness to write its own plugins, which can be loaded and used immediately. DeepSeek noted that approximately 60% of Harness users currently utilize third-party plugins. The team also unveiled its roadmap for the first time, covering long-term memory, browser and other GUI software automation, remote and mobile use, multi-user collaboration, and Agent Teams. According to metrics from its official model API users, DeepSeek said Harness has become its Coding Agent product with the highest daily active users and average daily sessions. Eligible users can claim a limited-time 6-yuan experience credit when logging into the desktop app for the first time.

10 minutes ago

Speaker of the U.S. House of Representatives: Hopes to reach an agreement at today's artificial intelligence meeting.

U.S. House Speaker Johnson stated that the U.S. can achieve both security and innovation simultaneously when discussing artificial intelligence, expressing hope that today’s AI conference will reach an agreement. AI leaders have welcomed a certain degree of regulation, with expectations that AI safety measures will remain voluntary. He noted that AI frontier labs are more advanced than members of Congress.

10 minutes ago

International oil prices extended their losses, with U.S. crude oil falling 3%.

According to Bitget's market data, WTI crude oil plunged 3.00% intraday, currently trading at $89.24 per barrel. Brent crude oil fell 2.6%.

10 minutes ago

BNB treasury firm CEA Industries rebrands to BNB Standard, with its stock ticker remaining BNC.

BNB treasury firm CEA Industries Inc. (Nasdaq: BNC) announced today it will officially rebrand to BNB Standard Corporation effective September 29, 2026. The company’s common shares will continue trading on the Nasdaq Capital Market under the ticker “BNC”, while its warrants will be listed as “BNCWW” and “BNCWZ” respectively. BNC prioritizes engagement with the BNB community; inviting community input for the new name was among the company’s first such initiatives. The firm submitted four candidate names to the X platform for an open advisory vote, granting the community a voice in the decision. The five-day poll garnered 5,799 total votes, with “BNB Standard” leading at roughly 47% of the vote. Community members also shared rationales and alternative proposals in their submissions, which the board of directors reviewed before approving the new name.

10 minutes ago

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