Tesla’s next-generation supercar delayed again, JPMorgan cuts price target, driving shares down nearly 4%.

Former Los Angeles County Sheriff's Department deputy Eric Saavedra has been sentenced to 21 months in prison for using law enforcement databases to assist a crypto industry figure in an extortion scheme. Additionally, the court ordered him to pay $90,984 in restitution. Earlier, Saavedra was accused of hiding $373,100 in income and failing to report the funds to the Internal Revenue Service (IRS).

Beating AI Express News: Kuaishou’s Kling teases Kling 4.0, with the official version set to launch in October. Kling 4.0 Flash is now available for experience exclusively to Black Gold Annual Card members. The new version has increased the maximum length of a single native video to 30 seconds, up from Kling 3.0’s previous maximum of 15 seconds. Its control capability has also been further enhanced: Kling 4.0 supports up to 10 keyframes, allowing users to pre-set character states, scene changes, and plot nodes. Images, videos, and subjects can be mixed as inputs, with a maximum of 15 multimodal references per generation. Video editing has been refined: users can directly modify characters, backgrounds, weather, colors, textures, and camera angles in the original video, or use another video as a reference to reuse its camera movement, actions, and narrative rhythm to generate new content. Audio-visual capabilities have also been upgraded: Kling 4.0 supports dual-channel stereo, and improves complex camera movements, lip-sync, and multilingual dialogue. 4K and 1080p 10-bit HDR outputs are planned but not yet available. The video also supports multiple retakes, extending up to 2 minutes, a feature that has not been launched yet. Kling 4.0 Flash prioritizes faster generation and lower cost, though the official has not released specific pricing and speed data. Both the official version and API are scheduled to roll out in October.

Institutional analysis shows spot gold edged higher on Tuesday, but remained trading below $4,200 per ounce. The precious metals sector had sold off on Monday, driven by a decades-high surge in U.S. Treasury yields and rising crude oil prices. IG analysts noted: "Market expectations that the Federal Reserve will keep interest rates high for an extended period have dampened investor appetite for non-yielding assets, leading to only a modest rebound in gold, which remains near its lowest level since early August." According to the CME Group’s FedWatch Tool, traders currently assign a 72.5% probability of the Fed raising interest rates in October. Markets are now focused on a series of U.S. economic data, including the consumer confidence index and job openings data due later on Tuesday. (Source: Jin10)

Martin Carrica announced in a post that he will join Coinbase as its Stablecoin Lead, with the goal of expanding the platform’s stablecoin coverage and influence. Prior to this role, Carrica worked on regulated stablecoin development at Mountain Protocol and Anchorage.

According to HTX market data, amid Bitcoin’s fluctuating performance, select altcoins have remained strong. Their latest 24-hour price stats are as follows: CRV trades at $0.3984, up 21.09% in the past 24 hours; HBAR is priced at $0.11803, up 19.42%; 0G stands at $0.3062, up 18.36%; MUBARAK is at $0.06377, up 18.27%; MARSCOIN trades at $0.1653, up 16.57%; ALICE is priced at $0.1703, up 14.07%; and ALGO is at $0.1312, up 10.81% over the same period.

According to an official announcement, Blockstream’s Bitcoin sidechain Liquid Network has launched an independent external security audit for Elements v23.3.4, aimed at providing additional security verification for restoring Peg-out operations (asset exit from the peg). Concurrently, the Liquid Federation is coordinating updates to the Peg-out Authorization Key (PAK) list—including replacing existing key entries and ensuring all Peg-out keys are securely stored in cold wallets. Officials stated that these efforts are important steps toward restoring secure Peg-out operations, with recovery progress to be announced in subsequent updates.