The US Treasury Department Meets with Three Crypto Companies to Discuss Bitcoin Reserve Custody Solution

According to Coinglass data, the global crypto market recorded $566 million in liquidations over the past 24 hours, including $235 million in long-position liquidations and $331 million in short-position liquidations. A total of 83,754 traders were liquidated worldwide, with the largest single liquidation order occurring on Bitget’s BTCUSDT_UMCBL contract, valued at $103 million.

Decentralized AI inference network DGrid has officially launched its native token DGAI. Data from CoinGecko shows DGAI rose nearly 93% on its first day of listing, trading at around $0.73, with a market cap of roughly $110 million and a 24-hour trading volume exceeding $165 million. DGrid processes AI inference requests for users and developers via distributed nodes, and DGAI is used for network payments, node staking, and rewards. According to its litepaper, the network employs a "Proof of Quality" mechanism to evaluate AI inference results: node operators must stake DGAI and provide computing power, while poor performance or violations will result in corresponding penalties. Additionally, DGrid stated that its DClaw Box hardware—used to run the personal AI agent DClaw—sold over 140 units in just a few hours, priced at 1,580 USDT each, generating total sales of more than 221,000 USDT.

Beating AI’s news flash, citing The Wall Street Journal (WSJ), reports that AI company Anthropic will tell investors in its upcoming IPO filings that its total addressable market (TAM) exceeds $30 trillion, higher than SpaceX’s previously disclosed $28.5 trillion. Anthropic’s TAM calculation is primarily based on the full range of work AI models will be capable of completing in the future. The WSJ report notes that Anthropic’s second-quarter revenue has risen to $11.6 billion. For context, FactSet data shows that the combined revenue of 191 tech firms in the S&P 1500 index totaled roughly $2.4 trillion last year. Sources familiar with the matter also disclosed that Anthropic may seek to raise up to $100 billion via its IPO, targeting a valuation of approximately $2 trillion. The plans are still under discussion, so specific figures could change. The company is expected to release its IPO financial documents in the coming weeks, with a potential listing as early as September or early October this year.

SpaceX CEO Elon Musk announced that the company is partnering with Nvidia to bring forward the launch of its first batch of AI-enabled satellites to the fourth quarter of 2027, from the earlier target of 2028. Musk added that SpaceX and Nvidia have developed the Vera Rubin NVL72 system, optimized for space conditions, with plans to launch it into orbit in Q4 2027 and achieve large-scale deployment in 2028. SpaceX will also leverage Nvidia processors to provide orchestration, code execution, and data processing capabilities for next-generation agentic AI. Following the news, SpaceX’s stock gained strength, rising as much as roughly 2.9% to $138.92 in intraday trading. Separately, SpaceX is reviving its small modular nuclear reactor project, mPower. Against the backdrop of surging power demand from AI data centers, the company is exploring solutions like small modular nuclear reactors to supply stable, low-carbon, round-the-clock power.

On-chain asset management platform Grove has announced a strategic stake in tokenization platform Centrifuge, with an initial holding of 37.78 million CFG tokens, further deepening their long-term partnership. Currently, the value of assets deployed via Centrifuge’s infrastructure exceeds $1.27 billion. Grove noted that this investment marks an upgrade of their relationship from simple protocol integration to strategic synergy. Centrifuge mainly provides infrastructure for asset issuance, tokenization, and distribution, while Grove focuses on institutional capital allocation; the two parties will jointly advance the development of institutional-grade tokenized assets in the on-chain finance space. Data shows that the tokenized real-world asset (RWA) market has grown from around $120 billion in June 2025 to over $380 billion currently; over the same period, Centrifuge’s total value locked (TVL) rose from $450 million to approximately $1.64 billion. Centrifuge’s infrastructure now supports Grove’s allocation of tokenized products including Apollo ACRDX, Janus Henderson JAAA, and JTRSY. Mark Phillips, co-founder and CEO of Grove, stated that Centrifuge’s infrastructure has been instrumental since Grove’s early allocations, and this strategic stake in CFG reflects Grove’s confidence in Centrifuge’s long-term growth and the prospects of on-chain capital markets.

Lisk founder Max Kordek announced that Lisk will officially transition to a modern treasury operations platform for enterprise finance teams, focusing on core funds management services including accounts, payments, and approvals, while phasing out its original blockchain ecosystem. The new platform is designed to deliver a unified funds management workspace for enterprises operating across entities and jurisdictions that use both fiat currencies and stablecoins. Early Access for eligible enterprises is now open, with current features supporting unified management of bank and stablecoin accounts, bank transfers, stablecoin receipts and payments, and permission-based payment approvals; future expansions will include corporate cards, non-custodial funds management, payroll integration, and more. Meanwhile, Lisk Chain will be shut down on October 31, 2026. Lisk has partnered with the Celo team to provide on-chain DApps, developers, and projects with a migration path to the Celo network. Lisk also plans to wind down its DAO, which includes burning 100 million LSK tokens from the DAO treasury to reduce the total supply from 400 million to 300 million, eliminating staking penalties to allow holders to unstake flexibly, and gradually shutting down DAO governance infrastructure. Regarding LSK tokens, they will become the new platform’s "loyalty token": enterprises earn rewards for using the Lisk treasury platform and referring other businesses, and can use LSK to pay platform fees in the future. LSK will primarily operate on Ethereum and Base networks. Users still holding LSK on Lisk Chain must complete their migration to Ethereum by October 31.