A crypto account has placed a large bet on Argentina advancing, and stands to gain approximately $12 million if the team wins the championship.

Prediction markets Kalshi and Polymarket both show a higher probability that the 10-year U.S. Treasury yield will continue to rise this year. Kalshi data indicates there is a 56% chance the 10-year U.S. Treasury yield will reach or exceed 4.75% by the end of 2026, and a 27% chance it will break through 5%. Polymarket, meanwhile, puts the probability that the 10-year U.S. Treasury yield will rise above 4.8% at least once this year at roughly two-thirds. Although U.S. Treasury Secretary Scott Bessent is attempting to push yields lower via measures including expanding long-term U.S. Treasury repurchases, the market response has been unoptimistic. Barclays strategists argue that factors such as sticky inflation, fiscal deficits, Treasury supply, and term premiums could still drive yields higher, estimating the fair value of the 10-year U.S. Treasury yield at around 4.95%, about 25 basis points above current levels. Additionally, rising Japanese government bond yields and increased AI-related capital expenditures may further erode overseas investors’ demand for U.S. Treasuries. Meanwhile, the 10-year U.S. Treasury yield hovering around 4.7% has begun to create stiffer competition for U.S. stocks, and the market appears to be gradually shifting from the "TINA" (There Is No Alternative) era to the "TARA" (There Are Reasonable Alternatives) era.

Hyperliquid News announced that Trailing Stop orders are now live on Hyperliquid’s testnet. The feature allows users to dynamically adjust their stop-loss trigger price based on market price movements, enabling them to lock in profits or mitigate downside risks when the market reverses.

Binance and Coinbase are currently leading the recent market rebound. Data shows that as of August 21, on the single day with the largest recent stablecoin inflows, Binance posted a net inflow of approximately $2.0261 billion, while Coinbase recorded a net inflow of around $1.4472 billion. The combined stablecoin inflows of the two exchanges accounted for more than half of the total market inflows. A large influx of stablecoins into trading platforms signals increased potential buying pressure, and Binance and Coinbase may be emerging as the main forces driving the recent rally in the crypto market.

Brent Kovar, a businessman from Las Vegas, Nevada, was found by a federal jury to have operated a cryptocurrency Ponzi scheme that defrauded at least 400 investors of roughly $24 million. Kovar was convicted on 11 counts of wire fraud, 2 counts of mail fraud, and 2 counts of money laundering. His sentencing is scheduled for November 30, with a maximum statutory penalty of up to 280 years. Kovar previously ran Profit Connect with his mother, Joy Kovar. From late 2017 to July 2021, the pair lured investors under the pretense of blockchain mining and other business activities, claiming to own an AI-powered "supercomputer" that could generate fixed annual returns of 20% to 30%, compounded monthly. The U.S. Department of Justice stated that Kovar actually used investor funds to pay Ponzi-like returns to other investors, transferred millions of dollars to his mother’s personal bank account, and used investment money to buy gifts and personal real estate. The U.S. Securities and Exchange Commission (SEC) filed fraud charges against Kovar and his mother as early as 2021, accusing them of illegally raising around $12 million from at least 277 investors. The federal criminal case has now expanded the total amount involved to approximately $24 million.

Grayscale’s Zcash spot ETF has officially listed on the New York Stock Exchange Arca under the ticker symbol ZCSH, becoming the world’s first exchange-traded product offering spot exposure to Zcash (ZEC). The product was formerly the Grayscale Zcash Trust, established as a private placement back in October 2017. Grayscale stated that ZCSH is designed to meet investor demand for exposure to crypto assets beyond Bitcoin and Ethereum via traditional brokerage accounts. Grayscale’s head of index business, Steve Vanourny, noted that Zcash boasts nearly a decade of network history, a fixed maximum supply of 21 million coins, and a proof-of-work (PoW) consensus mechanism, plus optional privacy features not available on Bitcoin. The firm positions ZCSH as a high-risk satellite allocation in digital asset portfolios. Notably, as ZCSH launches, a critical privacy system vulnerability previously disclosed for Zcash remains a key market focus. In May this year, researchers discovered an exploitable vulnerability in Zcash’s Orchard privacy pool, which could theoretically allow attackers to mint fake ZEC. Zcash subsequently rolled out an emergency patch in June and activated the Ironwood upgrade in July to replace the vulnerable Orchard privacy pool, while implementing new supply accounting rules to limit potential fake ZEC from entering circulation. Grayscale said it will prioritize monitoring the adoption of the Ironwood upgrade, network security, exchange support, and regulatory policies for privacy assets moving forward.

The IPFS maintenance team Shipyard announced that its engineering, maintenance, and infrastructure operations will end on September 30, as Protocol Labs failed to renew its funding support. Shipyard stated that multiple IPFS projects—including Kubo, Helia, Boxo, Rainbow, IPFS Desktop, and IPFS Companion—will lose dedicated maintenance teams by that date, while public infrastructure such as ipfs.io, dweb.link, delegated-ipfs.dev, and IPFS bootstrap nodes will also cease to be operated by Shipyard. The relevant domains and infrastructure are owned by Protocol Labs, with future arrangements to be determined by the firm. Shipyard emphasized that the IPFS protocol itself will not stop running, but the team’s exit means multiple core implementations and public services will lose full-time maintenance unless other developers or organizations step in. Molly Mackinlay, Engineering and Research Lead at Protocol Labs, noted that IPFS will shift to a more lightweight governance model going forward: it will provide grants to individual maintainers via the IPFS Foundation, while continuing to advance the development of decentralized public infrastructure. Founded in 2024, Shipyard is composed of a group of senior IPFS developers who previously worked at Protocol Labs.