Cursor launches Projects: An Agent acts as the project manager, overseeing thousands of Agents.

According to GMGN data, the meme coin LAPTOP FDV linked to U.S. President Biden’s son has dropped below $400 million, currently trading at $390 million. It has fallen over 52% in the past 24 hours and is down more than 99.8% from its all-time high of $314 billion. BlockBeats reminds users that most meme coins have no real use cases, experience significant price volatility, and investors should exercise caution.

Blockworks analyst Shaunda Devens has published an article examining whether PUMP is "undervalued" or "lacking fundamental value". She argues that PumpFun’s business fundamentals are underappreciated by the market, though uncertainty remains over whether PUMP can sustain its value long-term. Currently, PumpFun generates roughly $677 million in annual revenue, with PUMP’s price-to-sales ratio standing at approximately 2.8x—lower than comparable revenue-generating tokens. PumpFun allocates 50% of its protocol revenue to programmatic repurchases and burns of PUMP; at current revenue and price levels, this translates to an annual repurchase of about 17.6% of PUMP’s circulating supply. Around 77% of tokens allocated to the team and investors remain untransferred, factors that may ease short-term supply pressure from insider selling and token unlocks. However, PUMP’s official documents explicitly state that the token does not represent equity in PumpFun, nor does it grant holders rights to revenue, profits, dividends, or cash flows. PumpFun’s roughly $2 billion treasury is owned by Baton Corp, not PUMP holders. The existing programmatic repurchase arrangement expires in April 2027, and its extension is unconfirmed. In the baseline scenario, PUMP’s valuation range is $0.0108 to $0.0205, roughly 2.3 to 4.4 times higher than its September 9 price. But if business activity slows and valuations continue to contract, the token could also drop by 59% to 76%. Devens concludes that PUMP may be undervalued in the short term, but its long-term value hinges on whether repurchases are extended and whether the project team further clarifies the interest alignment between the token and the company’s business.

Beating AI News: Artificial Analysis has completed an independent test of DeepSeek V4.1 Flash, scoring 40 points on the comprehensive intelligence index. It has surpassed its own V4 Pro 0813 (36 points), but still lags behind Kimi K3 (44 points) and GLM-5.3 (45 points). According to this third-party ranking, DeepSeek has not yet reclaimed the top spot among domestic models. However, the price gap is extremely significant: V4.1 Flash costs an average of only $0.27 to complete one Intelligence Index task, while Kimi K3 and GLM-5.3 both cost around $2, a difference of roughly 7 times. Its output speed reaches 197 tokens per second, far exceeding Kimi K3’s ~36 tokens/s and GLM-5.3’s ~58 tokens/s. Agent capabilities remain its strongest feature: on AutomationBench-AA, V4.1 Flash scores 69%, matching GPT-6 Astra and outperforming GLM-5.3’s 62%; it also scores 84% in the long-context test AA-LCR. Its drawback is high token output: the average single-task output in AA tests is around 89,000 tokens, 62% more than V4 Pro, which erodes some of its price advantage.

According to monitoring by Farside Investors, Bitcoin ETFs saw a net outflow of $282.7 million yesterday. Breakdown: ARKB recorded a net outflow of $164.3 million, GBTC a net outflow of $36.4 million, and FBTC a net outflow of $33.6 million. Ethereum ETFs posted a net outflow of $29.9 million, with FETH logging a net outflow of $25.2 million, ETHA a net outflow of $18.6 million, while ETHB and ETH registered net inflows of $13.9 million and $7.7 million respectively.

Email marketing platform Brevo has disclosed that attackers exploited an authorization boundary vulnerability in its login system to access 138 customer accounts. Among these accounts, 6 were used to send phishing emails, 43 had their contact information exported, and 93 showed no signs of valid misuse. Brevo did not clarify whether there was overlap between these account categories. Affected clients include crypto hardware wallet manufacturers Trezor and BitBox, as well as crypto portfolio and tax reporting platform CoinTracking. Attackers used Trezor’s Brevo account to send phishing emails titled “Critical Security Alert: STM32 Entropy Vulnerability” to around 347,000 newsletter subscribers, directing users to a malicious application to submit wallet backup information. Trezor blocked the relevant domain at the DNS layer within 20 minutes, but approximately 2,500 users had already accessed the link by then. Trezor stated that its Brevo account only stored subscribers’ email addresses, not other customer data, but is currently treating all roughly 347,000 email addresses as compromised by attackers, which could be used for subsequent phishing activities. BitBox has not yet found evidence of leaked funds or recovery phrases; CoinTracking users received fake emails asking them to refresh their API keys.

Per TradingBeats monitoring, the total long position of "Ma Ji" has expanded to $107 million, with an unrealized profit of roughly $80,000 as of now, while the trader has incurred a $5.6 million loss over the past week. The position breakdown is as follows: · 40,650 ETH long positions with 25x leverage, valued at approximately $99.971 million; · 50 BTC long positions with 40x leverage, worth around $3.856 million; · 42,950 HYPE long positions with 10x leverage, totaling about $3.406 million.