Analysis: Transaction fee revenue accounts for less than 1% of Bitcoin miners' total income, putting older mining machines under profitability pressure.

Beating AI News: Developer Ryan has open-sourced an AI drawing tool called Anatomy, which currently supports Claude Code, OpenCode, and Codex. Users only need to describe the technical concept they want to explain in one sentence, and the AI will automatically design a machine that demonstrates the concept’s principle through moving parts. The generated works can also be operated via mouse or keyboard. For example, when explaining LRU cache (which prioritizes removing the least recently used data), the AI creates a bookshelf that can move books; when explaining how a mechanical watch works, it generates a mechanical device that can wind up, adjust speed, and disassemble gears. More complex works include SpaceX Starship’s Raptor rocket engine, which can be split into 11 components and simulate ignition. Currently, 33 major works are showcased on Anatomy’s official website. Anatomy first studies relevant principles and parameters, then designs parts, creates graphics, and adds animations. The movements and numerical readings in the scene are controlled by the same computational model, changing synchronously during operation. It also has built-in automated inspection tools to detect issues such as part interpenetration and occlusion errors. The final output is editable web code that can be opened independently or embedded into websites. The developer has also packaged existing works into a component library for direct use by developers. The project is open-sourced under the MIT License. However, creating detailed works takes significant time: the mechanical watch took nearly 2 hours to develop, while the Raptor rocket engine took over 10 hours. Its 3D functionality remains in the testing phase.

Kraken parent company and integrated financial infrastructure platform Payward announced today that it plans to officially enter the UAE market after securing full market approval from the Dubai Virtual Assets Regulatory Authority (VARA). The approval allows Payward to operate as a regulated Virtual Asset Service Provider (VASP), serving retail, professional, and institutional investors. Upon the official launch of services, Kraken users in the UAE will be able to trade spot and margin pairs priced in UAE Dirhams (AED), as well as deposit and withdraw funds directly in Dirhams. Users will also have access to on-chain staking, xStocks, and Krak for crypto asset transfers; institutional clients can utilize over-the-counter (OTC) spot trading services and Kraken Prime. Subject to regulatory approval, Payward expects to roll out additional products between late 2026 and 2027, including crypto derivatives and expanded yield opportunities. Additionally, Payward will open up its infrastructure to regional partners via embedded trading services.

Ukrainian President Volodymyr Zelenskyy stated that Ukraine is prepared to sign a ceasefire guarantee agreement.

Well-known crypto analyst PlanB stated in a post that he converted his held Bitcoin to holdings via ETFs in 2025, a move that drew significant criticism. Later, issues were exposed with Coldcard, and unauthorized hardware implants were subsequently found in Ledger devices. He has no regrets whatsoever about his initial decision to choose ETFs.

Morgan Stanley now expects to launch support for tokenized stock trading on its Alternative Trading System (ATS) in Q1 2027, pushing back its previously announced timeline of the second half of 2026. Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said in an interview: "Q1 2027 is likely more realistic, as it will align with other ongoing efforts across the broader ecosystem, but the team is actively developing the related features."

According to TradingBeats monitoring, a whale address 0x706d…1d6f on Hyperliquid holds 94 BTC short positions, with the position valued at approximately $7.88 million. The position uses 40x full leverage, has an average entry price of around $83,517.2, and is currently facing an unrealized loss of roughly $31,000. The address previously built BTC long positions in batches, with the position size once swelling to about $6.6 million. It then continuously trimmed positions near $82,700 before converting all long positions to shorts. After switching to a short stance, the address kept adding to its short positions in the $83,300–$83,600 range, pushing the short size to its current level over the past half hour. The position’s liquidation price is approximately $84,530.5. Calculated based on the BTC mark price of $83,845.5 in the snapshot, a roughly 0.8% rise in BTC would trigger the liquidation.