A crypto whale that has remained dormant for two years holds a large Ethereum (ETH) position; after incurring an unrealized loss of $1.8 million over four months of holding, its position is now nearly back to break-even.

Binance, based on recent audit results, has decided to cease trading and delist Pax Dollar (USDP) at 11:00 (GMT+8 time) on September 24, 2026.

Beating AI Express News: DeepSeek officially launches V4.1 Flash. The new model has a total of 552 billion parameters, adopts a brand-new Causal-Encoder-Decoder architecture, and natively supports image understanding. It is also currently the smallest model in DeepSeek’s new architecture series. This architecture separates input and output processing: only 8 billion parameters are activated when reading input, and 16 billion parameters are activated when generating responses. DeepSeek states that this design allows the 552B large model to keep inference costs low. After new pre-training and larger-scale reinforcement learning, V4.1 Flash has outperformed V4 Pro in official benchmarks. Caching has also been significantly compressed: compared to the previous generation, V4.1 Flash cuts HBM memory demand to 1/4 and SSD storage demand to 1/8, mainly reducing costs for long contexts and repeated AI agent calls. V4.1 Flash is now available via API; users can access it by using the model name "deepseek-flash".

Overnight, Hunter Biden, son of former US President Joe Biden, launched the meme coin "LAPTOP". However, given Hunter Biden's well-documented history of controversies, the token failed to gain traction in the crypto market after its launch, opening high before trading lower. This morning, the official account for "LAPTOP" was suspended. Shortly after, Hunter Biden posted comments seeking engagement under tweets from Cobie and Jesse, key members of Base, but was met with a cold shoulder—neither directly replied to his comments, and their subsequent posts also did not address him by name.

According to a report by the Financial Times, an increasing number of high-net-worth individuals who have amassed wealth through cryptocurrencies like Bitcoin are being rejected by traditional trust firms when seeking to set up offshore trusts for tax and wealth succession arrangements. Trust institutions are mainly concerned about fiduciary liability issues such as difficulty in verifying the source of funds, potential money laundering risks, sharp fluctuations in asset prices, and loss of private keys. The report notes that some trust firms specializing in serving digital asset clients are taking on such businesses through on-chain analysis and enhanced compliance reviews. However, most mainstream fiduciary institutions remain cautious, fearing future legal and reputational liabilities stemming from the source of crypto assets or their sharp depreciation.

TSMC’s latest monthly data shows its August revenue surged sharply year-on-year, further highlighting the sustained strong boost from global AI chip demand for the leading wafer foundry. From January to August 2026, TSMC’s consolidated revenue reached approximately NT$3.38687 trillion, up 39.3% from around NT$2.432 trillion in the same period of 2025. In absolute terms, its first eight months’ revenue increased by more than NT$950 billion year-on-year, a substantial scale.

Coinbase CEO Brian Armstrong stated that the Clarity Act—legislation designed to clarify regulatory jurisdiction over digital assets between the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC)—has secured support from multiple senators and is slated for a Senate vote on September 15. He added that even if the bill fails to pass, the SEC and CFTC have signaled they will move forward with rulemaking, meaning regulatory clarity "will arrive regardless". On the operational front, Coinbase is pushing ahead with a diversified business shift, expanding its trading offerings to include stocks, commodities, and foreign exchange, while its non-trading revenue streams cover stablecoins and institutional custody services. The company reported Q2 revenue of $1.2 billion, down year-over-year, with a net loss of $359.5 million, marking three consecutive quarters of missing market expectations. Year-to-date, Coinbase’s stock price has fallen roughly 23%.