US Stock Futures Dive Further

According to on-chain analyst Ai Yi (@ai_9684xtpa), Justin Sun has once again applied to redeem 5,000 ETH from Lido. Since August 26, he has redeemed a total of 10,000 ETH from the platform. After the last batch of ETH was redeemed, addresses linked to Justin Sun transferred ETH worth approximately $12.3 million to Poloniex in two separate transactions, at a time when ETH was trading at around $2,481. Currently, his on-chain holdings still include roughly 238,000 stETH, valued at about $594 million, making it the second-largest asset in his on-chain portfolio.

Lighter announced in a post that since the Token Generation Event (TGE), it has cumulatively repurchased 17.5 million LIT tokens through programmatic operations, accounting for 7% of the token’s circulating supply.

According to Lookonchain monitoring, Abraxas Capital has purchased another 13,000 spot ETH, valued at approximately $32.39 million, to hedge its short position of 141,180 ETH held on Hyperliquid, which is worth around $353 million.

Beating AI News (from Dongcha) – Bloomberg, citing people familiar with the matter, reports that ByteDance is developing a real-time spatial video model, set to launch as early as October, with founder Zhang Yiming personally overseeing the project. Built on Seedance, the model aims to respond to users’ voices and actions in real time, creating an interactive virtual world on the fly. The model is planned to be integrated with Pico headsets. Sources add that it can generate content in the cloud at roughly 20 frames per second, with a latency of about 0.05 seconds. Offloading most computing to the cloud reduces the computational power required for the headsets themselves. Beyond VR, ByteDance also plans to apply the model to live streaming, short dramas, and games. This is not a sudden pivot to world models for ByteDance: 36Kr reported back in June that world models are one of ByteDance’s four key AI priorities for 2026, with the goal of launching at least one version by the end of the year to compete with Google’s Genie 3. Genie 3 can already generate 720p interactive worlds at 20–24 frames per second and run continuously for several minutes.

With less than two months remaining until the U.S. midterm elections on November 3, President Trump’s approval rating and governing performance have become key variables determining whether the Republican Party can retain its congressional majority. A Reuters/Ipsos poll shows Trump’s net disapproval rating is nearly double what it was at the same time in 2018, with voters broadly dissatisfied with the economic situation and the Iran conflict, and Democratic voters are currently more enthusiastic about voting than Republican voters. The Republicans currently hold a narrow 218-214 majority in the House of Representatives. If the Democrats regain control of the House, they will be able to launch investigations into the Trump administration and force the White House to seek compromises on most legislative issues. In the Senate, Democrats need to seize four seats from the Republicans to win a majority, but the current electoral map is unfavorable to them. Independent analysts note that only nine of the 35 Senate races are competitive. Even if the Democrats win in Georgia, Maine, Michigan, and North Carolina, they would still need to take at least two more seats from Alaska, Iowa, Ohio, and Texas—states where Trump secured double-digit margins in 2024. The Republicans still hold advantages in redistricting and fundraising: the new House district maps could help the party gain a net of up to 10 seats, and Trump’s super PAC currently has a $400 million war chest. However, the cost of living remains a major test, with energy costs, tariffs, and trade conflicts affecting voters in multiple key states. Election experts argue that midterm elections are typically seen as a "referendum" on the sitting president, and whether Trump can reignite enthusiasm among Republican voters will be the key.

Harmony issued a statement that following the August 11 incident, it has been tracking ONE deposits, withdrawals, and cross-exchange fund flows using on-chain public data, and has verified this information with exchanges including Binance and OKX. After adjustments for cross-exchange transfers and fund returns, the total deficit across six exchanges has dropped from 10.234 billion ONE to 6.581 billion ONE, a reduction of 3.65 billion ONE. Most data has been confirmed, while some exchanges are still conducting final verification or reconciliation. Harmony has matched a total of 295 cross-exchange transfers, involving 16 paths and 3.493 billion ONE. Relevant exchanges have frozen a large amount of ONE and funds obtained by the hackers. Harmony is currently collaborating with all platforms to resume ONE deposits, withdrawals, and trading, with specific restart times to be announced separately by each exchange; this work is also being advanced in parallel with the ONE migration and validator transition proposals.