Former Treasury Secretary Downplays Economic Recession Concerns, Calls Stock Market Pullback a Natural Phenomenon

According to official announcements, Ethena is expanding the assets supporting USDe to include basis trading in stock perpetual contracts. Currently, the open interest (OI) of stock perpetual contracts stands at nearly $6 billion, covering around 200 contracts, all on the same trading platforms where Ethena already operates. Since March this year, the market size has grown more than 10-fold. Stock perpetual contracts boast an average funding rate of 15%–20%, over five times the Bitcoin funding rate in 2026; meanwhile, their funding rate exhibits near-zero correlation with that of the broader cryptocurrency market.

Jiang Zhuoer, founder of LeBit Mine Pool (B.TOP), stated in a post that inflows into crypto Ethereum (ETH) ETFs have hit a new record high. BTC ETFs recorded an inflow of $242 million today, while ETH ETFs saw an inflow of $234 million. Despite ETH’s total market capitalization being just 18.8% of BTC’s, it absorbed 96.8% of BTC’s inflow volume, reflecting far stronger buying momentum for ETH than BTC. Against the backdrop of sustained capital inflows, the current pattern of "range-bound consolidation with progressively higher lows" is quite stable, and a new upward short squeeze could erupt at any time. He emphasized that one must adhere to trading discipline, resolutely avoid leverage, and even prepare to go long on ETH directly. His current position strategy is: hold all ETH spot without opening short positions, waiting for upside; any additional long positions would mean adding leverage, which would bring liquidation risk.

Stablecoin issuer Circle has struck a sponsorship deal with Premier League heavyweights Chelsea, becoming the club’s lead partner and official chest jersey sponsor. The agreement was announced Friday, with Circle and USDC branding set to appear on the jerseys of Chelsea’s men’s, women’s and youth teams starting from the 2026/27 season. USDC operates under the framework of the GENIUS Act, which was signed into law by former President Donald Trump last year. Tether’s USDT primarily operates globally outside this framework, and has also launched a smaller stablecoin, USAT, targeted at the U.S. market.

According to EmberCN's monitoring, an address spent 13.55 million USDC to acquire 5,425 ETH via on-chain transactions over the past half hour, with an execution price of roughly $2,498 per ETH.

Beating AI News: Ant Group’s Inclusion AI has launched Ling-3.0-flash-Fin, a financial model optimized for real-world financial work. Built on Ling-3.0-flash, the model retains 124 billion total parameters and approximately 5.1 billion activated parameters, with additional training on financial data and optimized tool calling capabilities. It can independently retrieve information, read annual reports, conduct investment research and valuation, and directly process Excel financial models. The company announced that the model’s weights will be open-source next week. In official demos, it processed Google’s Q2 2026 financial sheet—containing 7 worksheets and over 5,000 formulas—by updating actual data, adjusting formulas, refreshing cross-sheet references, and modifying charts. In another test, it called tools 23 times consecutively to locate Google’s historical monthly token usage disclosures, verifying sources, dates, and statistical standards. The model was also evaluated across 9 financial-related benchmarks, competing against models including GPT-5.6-Sol, Claude Opus 5, Gemini 3.7 Flash, and Kimi K3. While it did not rank first in all categories, it outperformed some flagship models on tasks such as Finance Agent. For general capabilities, its AA Intelligence Index score rose from 38 (base version) to 41. The model is now available for free use on OpenRouter and Vercel AI Gateway.

BitMEX co-founder Arthur Hayes stated in a post that users should continue to have their AI agents create dedicated DID keys on Technocore.chat. He revealed that FLOP Labs will unveil more details on AI agent collaboration methods next week, and provide additional FLOP airdrop allocations to participants. The project’s goal is to connect AI agents’ effective participation in the ecosystem with financial incentives, rewarding valuable contributions.