Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

According to TradingBeats' monitoring, Hyperliquid's protocol revenue over the past 30 days reached approximately $59.84 million, an 83.3% increase from the prior 30-day period. However, revenue over the most recent seven days dropped to roughly $11.57 million, a 12.7% week-over-week decline, marking notable expansion in monthly revenue though a recent cooling in activity. Meanwhile, between August 12 and September 11, the Assistance Fund’s cumulative burned HYPE tokens rose to 47.123 million, with around 775,400 new HYPE burned over the past 30 days, valued at approximately $62.08 million. Per the official mechanism, the Assistance Fund automatically converts trading fees allocated to it into HYPE, and the HYPE held in the fund is permanently removed from circulation and the total token supply.

According to market reports, major Wall Street banks are raising their Brent crude oil price forecasts amid ongoing Middle East shipping disruptions that have exacerbated global oil supply tightness. HSBC projects Brent crude’s 2026 average price at $90, while Goldman Sachs warns prices could exceed $120 if severe production disruptions persist in the Gulf region. Bank of America forecasts an even more extreme scenario, with prices potentially hitting $150 if energy infrastructure suffers major damage.

Beating AI Express News: OpenAI has responded to the Navier-Stokes credit dispute, explicitly denying it improperly used unpublished research from New York University mathematician Tristan Buckmaster. Following an internal investigation, the company stated that prompts Buckmaster submitted to Codex over the past two months could not have impacted its internal model in any way, including via training. Buckmaster and Levent Alp?ge had been working on the same research area, uploading numerous drafts to Codex. After their progress reached OpenAI, the company deployed concentrated computing power to produce a Navier-Stokes proof within days. Buckmaster thus suspected his unpublished research had been incorporated into the model, a claim OpenAI has now explicitly rejected. OpenAI also set a timeline boundary at July 3, noting that any user input after that date could not affect the system. Some community members have speculated this date may correspond to a training data cutoff or model checkpoint, though OpenAI has not provided an explanation. The key breakthrough by Buckmaster and Alp?ge occurred in mid-August, far later than the July 3 boundary set by OpenAI.

According to Bitget market data, Brent crude oil plunged 4.00% on the day, currently trading at $101.92 per barrel. However, on the news front, two Yemeni government sources said that Yemeni government forces have withdrawn from Perim Island in the Bab el-Mandeb Strait, and the Houthi armed group has taken full control of the Bab el-Mandeb Strait. A spokesperson for the Houthi group stated that it will announce a major military operation.

Saudi Crown Prince made two calls to Donald Trump on Thursday, urging the US military to strike Houthi forces advancing toward the Strait of Mandeb, but Trump rejected the request, citing a focus on countering Iran and the Strait of Hormuz. Analysts note the move marks Saudi Arabia’s shift from a "self-reliant response" in July to seeking external assistance, amid recent Houthi seizures of strategic sites and attacks on Saudi oil facilities that have elevated the Yemen battlefield’s new threat to global energy shipping routes. The US has only provided intelligence support in the incident, avoiding direct involvement, a move that reflects the Pentagon’s concerns over tight missile stockpiles and its multi-front combat capabilities, which could push up oil prices and exacerbate strategic rifts among Middle Eastern allies. (Axios)

Beating AI News: OpenAI core product lead Tibo Sottiaux announced that GPT-5.3-Codex-Spark will be retired next week, citing declining usage and the availability of significantly better models from OpenAI. Launched in February this year, Spark is a compact, high-speed variant of GPT-5.3-Codex, and OpenAI’s first model purpose-built for real-time programming. It runs on Cerebras chips, generates over 1,000 tokens per second, and is exclusive to ChatGPT Pro subscribers.