Hyperliquid's "Unplug the Ethernet Cable" Settlement Turns JELLY Short Position into $703,000 Profit

Michael Saylor, founder of Strategy, stated in a post that the digital asset industry should leverage the next two years to bring financial products to market, rather than focusing on accepting additional restrictions included in the final compromise version of the CLARITY Act. He argues that the sector should lower costs, simplify access, deliver more practical services, and enhance users’ control over their funds, so that more people can directly benefit from financial innovation, thereby building a public base supporting the industry’s growth. The CLARITY Act would restrict service providers from offering returns to users solely for holding payment stablecoins, and also impose limits on certain activity rewards and innovation sandboxes. Saylor notes that maintaining bank liquidity stability and protecting banks from competition are distinct goals; after technology cuts financial service costs, consumers should be able to share those gains. Separately, the SEC, CFTC, and U.S. Treasury have recently advanced developments in tokenized stocks, on-chain finance, stablecoins, and other areas via their existing regulatory authorities. The crypto industry should expand the adoption of digital asset products between 2027 and 2028, and push for temporary regulatory measures to be codified into long-term rules. Saylor cited assets and entities including BTC, STRC, MSTR, Coinbase, and USDC, asserting that digital capital, credit, stocks, trading platforms, and stablecoins can work in synergy. He emphasized that the most effective way to protect digital asset innovation is to enable more users to benefit from it, so that they develop a direct stake in upholding financial innovation and market choice.

US President Trump stated that the United States will not hinder the development of the artificial intelligence (AI) industry, but will instead support and oversee its growth. Trump called AI the "next industrial revolution," noting its potential impact could reach 25% of U.S. GDP. He added that the U.S. currently leads other countries in the AI field and aims to maintain this advantage. Trump announced plans to establish an "AI Task Force," similar to the previously formed "Space Force," and will appoint an "AI Czar" responsible for AI affairs in the future. Trump said the government will not impose restrictive measures to curb AI innovation, but will use existing criminal and civil judicial systems to address illegal activities in the AI sector. He also mentioned that the AI industry has faced external skepticism and attacks in the past, but the government will support its development while strengthening relevant oversight.

According to CCTV International News, on the evening of September 19 local time, Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, stated that Iran has submitted 7 conditions to the U.S. government required for initiating any negotiations. Iran’s message was clear: “If the U.S. hopes to extricate itself from the predicament it created and avoid sinking deeper, it has no choice but to accept Iran’s conditions.” Rezaei confirmed in an interview that day that Qatar, acting as a mediator, has relayed Iran’s negotiation terms to the U.S. side and is awaiting a response from U.S. President Donald Trump. Rezaei noted that Iran’s proposed conditions include the U.S. ending all hostilities against Iran, unfreezing Iran’s frozen assets, and lifting the maritime blockade, among others.

According to PeckShield monitoring, the same attacker exploited Fetch.ai and NuNet successively, causing a total of around $2 million in crypto asset losses. Among them, 8.7 million FET tokens (valued at approximately $1.53 million) were siphoned from Fetch.ai, while NuNet suffered an unauthorized mint of 408.5 million NTX tokens (valued at around $462,700). As of press time, NuNet’s NTX token price has dropped by roughly 65%. To date, the attacker has converted the stolen funds into 546.36 ETH, worth about $1.44 million.

Secretary of Iran's Supreme National Security Council Ali Rezaei said Iran is continuing mediation efforts through Qatar and Pakistan, and has notified relevant intermediaries of its negotiation terms. Rezaei added that Qatar has conveyed Iran's ceasefire conditions to Washington, and Iran is currently awaiting a response from U.S. President Donald Trump. Rezaei outlined Iran's conditions for ending the conflict: halting hostilities on all fronts, unfreezing all Iranian assets, and lifting maritime blockades. He noted that accepting Iran's terms would align with Washington's interests, and Trump's threats will not yield results. On the nuclear issue, Rezaei said actions by the U.S. and Israel have given Iran grounds to withdraw from the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), but Iran has not yet made a decision to exit, with future moves dependent on Washington's actions. He also emphasized that Iran remains bound by the nuclear fatwa issued by its late Supreme Leader, and its nuclear policy has not changed. Additionally, Rezaei said Iran aims to end the war between Saudi Arabia and Yemen's Houthi movement, and believes the Yemeni side also wants to reach an agreement with Saudi Arabia. Rezaei stated that Iran is prepared to respond to any escalation of conflict, and warned that if attacked, Iran will target U.S. bases and interests in the Middle East.

Beating AI Flash News: StepFun has not officially unveiled its Step 5 model, but a preview version has surfaced early on Artificial Analysis. Step 5 Preview is a multimodal inference model. Artificial Analysis (AA) reports it has approximately 600 billion total parameters, with 27 billion activated per inference, supporting image input and a 1 million-token context window. It scored 44 points in the latest Intelligence Index, matching Kimi K3 Max. On Terminal-Bench 4.0, Step 5 Preview notched 33% while Kimi K3 scored 13%; both posted 59% on SciCode. Step 5 Preview costs $1 per million input tokens and $2.7 per million output tokens, compared to Kimi K3’s $3 and $15 respectively. Step 5’s output price is less than one-fifth of Kimi K3’s, and AA’s full Intelligence Index run costs only about a quarter of Kimi K3’s. StepFun has not officially announced Step 5, but AA has completed evaluations via the StepFun API. The parameters and pricing are not yet final official specifications.