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Bitcoin mining companies are increasingly using existing infrastructure for AI and high-performance computing businesses as profitability worsens after the halving, lifting the share of related revenue. In a recent report, CoinShares said AI infrastructure revenue at Nasdaq-listed mining companies is projected to rise to about 70% by December from about 30% at the start of the year, while the value of AI-related contracts across listed miners has at times exceeded $70 billion. CoinShares added the sector’s valuation is also shifting away from a focus on hash rate toward metrics such as data center capacity.

Ethena announced it will expand its delta-neutral strategy beyond crypto and into stock perpetual futures, according to Crypto Briefing. Ethena said stock perpetual futures, which are currently showing high funding rates, are expected to overtake crypto within the next one to two years as the main yield source for USDe, while the project is also diversifying collateral to reduce the risk of relying on a single funding rate for returns. Ethena said when users deposit collateral and mint USDe, it buys a matching amount of spot crypto and builds an equivalent one-times short futures position. As futures markets typically require long-position holders to pay funding fees to short-position holders, the structure allows Ethena to earn funding-fee income while limiting exposure to price swings through spot holdings and a one-times short position. Ethena said it also generates revenue from funding fees and staking yield, distributes part of that income to USDe depositors, and keeps the rest as profit. The company previously announced, as part of a recent ecosystem restructuring plan, that it would use 95% of revenue for ENA buybacks.

Circle (CRCL) has signed a main partner and official front-of-shirt sponsorship deal with Premier League football club Chelsea FC, according to The Block. Starting with the 2026-27 season, Chelsea plans to place the Circle and USDC logos on the front of kits for its men’s team, women’s team and academy. The outlet added that sponsorship deals between crypto companies and sports teams, which had contracted after the 2022 market downturn, are expanding again.

Crypto trading platform Bullish (BLSH) plans to invest $100 million in AI infrastructure finance protocol USD.AI (CHIP), CoinDesk reported. USD.AI plans to use the funding to provide loans to AI infrastructure companies backed by high-performance computing equipment such as GPUs, linking stablecoin liquidity from the crypto market with investment in AI infrastructure. The protocol currently holds more than $225 million in deposited cryptocurrencies. Bullish also plans to list USD.AI’s token, sUSDai, tied to GPU-backed lending.

An anonymous whale address, 0xD4527, bought 5,425 ETH worth $13.55 million over 30 minutes at an average price of $2,498, according to EmberCN.

MANTRA said a security incident on Aug. 20 stemmed from a balance deduction flaw in the Cosmos EVM module, leading to the unauthorized outflow of about 721 million MANTRA from an on-chain burn address and a genesis multisig address. The project said a network upgrade froze 37.96 million MANTRA, while the rest flowed to exchanges. According to MANTRA, authorities are now cooperating in the investigation, and no funds have been recovered so far. The MANTRA team added it will strengthen monitoring of abnormal accounts going forward.

Telegram’s cryptocurrency wallet service Wallet has begun offering Korean-language services to users in South Korea, raising questions over possible unregistered operations, News1 reported. The service goes beyond simple custody by offering purchases, swaps and transfers of virtual assets, which could trigger a virtual asset service provider, or VASP, reporting requirement under South Korea’s Act on Reporting and Using Specified Financial Transaction Information. Wallet also allows trading in perpetual futures and tokenized stocks as well as cryptocurrencies, and concerns center on whether it could be deemed an unregistered virtual asset operator for serving domestic users without reporting to South Korea’s Financial Intelligence Unit, according to the report.

Flop Labs CEO Arthur Hayes signaled plans for an additional FLOP airdrop. Hayes said users should ask AI agents to create decentralized identifiers, or DIDs, on Technocore, and added that Flop Labs plans to announce next week how users can expand collaboration among AI agents and qualify for additional FLOP airdrops. Hayes also said the goal is to link activities that materially contribute to the Flop Labs ecosystem with financial rewards.

Deposits in Robinhood Earn, a decentralized lending product offering a 7% annual yield, have surpassed $400 million, on-chain analyst Tom Wan said on X. The product generates returns by deploying user-deposited assets through the decentralized lending protocol Morpho. Robinhood Earn is currently the second-largest product on Morpho by deposits.

Raphael Zagury, CEO of U.S.-listed Bitcoin accumulation firm Twenty One Capital (XXI), said Bitcoin still has significant upside. In an appearance on Bloomberg Asia, Zagury said BTC remains very cheap relative to global liquidity, adding that while Bitcoin does not need to replace gold, real estate or bonds, it could capture part of the $300 trillion real estate market. Zagury also said Twenty One Capital aims to evolve beyond holding BTC into an operating company. Twenty One Capital is the world’s second-largest corporate BTC holder, with about 43,514 BTC.

An anonymous whale address starting with 0x01d7 deposited 90,700 HYPE worth $7.59 million to Bybit after staking the tokens for four months, according to Onchain Lens. Exchange deposits are typically seen as being intended for selling.

Hanwha Investment & Securities has reorganized its virtual asset investment unit and opened a local office in the United States, Seoul Economic Daily reported. According to the financial investment industry, the company recently revamped its Global Network Team into a Synergy Investment Team and is recruiting experienced hires. Hanwha Investment & Securities is also stepping up work on a digital asset platform, or DAP, while continuing strategic investments aimed at securing a digital asset value chain. Those investments include Digital Asset, the operator of the Canton Network, a finance-focused blockchain; U.S. tokenized securities issuer Securitize; and Web3 infrastructure company Crystus.

A California bill banning public officials and public agency employees from issuing memecoins has passed both chambers of the state legislature. AB 2409 bars public officials and public agency employees from issuing memecoins and, starting Jan. 1, 2027, would also prohibit listing memecoins issued by them for California residents. The bill still requires the governor’s signature to take effect.

People Power Party lawmaker Kim Sang-hoon has proposed a bill to delay cryptocurrency taxation to 2029 from 2027, Digital Asset reported. Kim said in the proposed amendment to the Income Tax Act on Aug. 28 that tax infrastructure remains insufficient to track or verify transactions conducted through decentralized exchanges, peer-to-peer trading, and DeFi, unlike trades on domestic centralized exchanges. Kim added that a full rollout of an international system for sharing virtual-asset transaction data among major countries is expected to take considerable time, raising concerns about a gap in securing tax information on overseas transactions. The proposal brings the total number of People Power Party-sponsored bills seeking to abolish or delay crypto taxation to three, from Kim Sang-hoon, Song Eon-seok, and Jeong Seong-guk.

South Korean exchange Coinone announced it has placed SodaX (SODA) on a delisting watchlist. The exchange said it had confirmed user losses tied to a security incident, including hacking with an unidentified or unresolved cause, involving a virtual asset wallet or a distributed ledger where the virtual asset is issued, transferred, or stored.

Swan Bitcoin CEO Cory Klippsten said financial commentators have not presented sufficient grounds to call Bitcoin a Ponzi scheme. Klippsten said prominent figures including Nouriel Roubini, Paul Krugman and former Bank for International Settlements Secretary General Agustin Carstens have argued Bitcoin is a Ponzi because it generates no cash flow and early holders profit from money put in by later buyers. He said that logic would also classify gold, art and collectibles as Ponzi schemes because they pay no dividends or interest and depend on someone else paying a higher price for investors to realize gains. Klippsten explained that the core of a Ponzi scheme is an operator who falsely claims to generate investment returns and uses money from new investors to pay earlier investors, while BTC has no such operator or fraudulent investment activity.

South Korean exchange Upbit announced it has placed ICON (ICX) on a delisting watchlist, citing unresolved or unexplained security incidents such as hacking involving wallets managed by the virtual asset, its issuer or operator, or the distributed ledger where the asset is issued, transferred, or stored. ICX deposits and withdrawals have already been suspended.

European-listed Capital B, which has been pursuing a strategic accumulation of Bitcoin, said it plans a €21 million ($24.45 million) capital increase targeting global institutional investors and could use the proceeds and existing operating funds to buy up to 270 more BTC. If the purchases are completed in full, its holdings would rise to as much as 3,415 BTC. The offering would involve the issuance of 36,219,070 new shares at €0.58 per share. Investors include Blockstream CEO Adam Back and digital asset manager TOBAM.

Bilal Bin Saqib, chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), said at the Bitcoin Asia 2026 conference that Pakistan is building a strategic Bitcoin reserve. He said the move is aimed at preparing for the future and that other countries are recognizing BTC as a strategic asset.

Police in Avon and Somerset in southwest England seized £1.03 million ($1.36 million) in cryptocurrency and cash in a criminal asset recovery case, The Block reported. The seized cryptocurrency included 20.21 BTC, and police identified the assets as linked to darknet marketplaces that operated from 2016 to 2019.

South Korean exchanges Upbit and Bithumb said they will end support for Synthetix (SNX) at 6:00 a.m. UTC on Sept. 28. The exchanges said the foundation’s explanatory materials did not resolve the issues behind the investment warning designation, and a broader review including the project’s business progress found that SNX no longer met the criteria for continued trading support.

About 144 million Lobster tokens were transferred to an address linked to decentralized exchange Aster, BlockBeats reported. The amount equals 14.44% of the token’s total supply. The transfer is estimated to be project-related, but its specific purpose has not been disclosed. BlockBeats said the large-scale transfer could have a significant impact on market liquidity and price if additional large deposits or other on-chain activity follow.

Kevin Warsh is scheduled to speak at Jackson Hole at 2:00 p.m. UTC today, and his stance on a possible expansion of U.S. Treasury purchases of long-term bonds could shape the direction of Bitcoin and gold, according to a CoinDesk analysis. CoinDesk said the U.S. Treasury plans to raise the size of its long-term bond buybacks from $2 billion to at least $4 billion per operation starting Sept. 9. It added that the Treasury’s buybacks are not quantitative easing and do not inject new liquidity into markets. If Warsh stresses the Federal Reserve’s independence and keeps distance from the Treasury, Treasury yields and the U.S. dollar could rise while momentum in BTC and gold could weaken, CoinDesk said. If he leaves room for coordination with the Treasury, the upward trend in BTC and gold could strengthen, it added.

The Sandbox will provide Ethereum-based SAND on a one-to-one basis to users who legitimately held SAND on Base and BNB Chain during the bridge hack on Aug. 21, when about 14.7 million SAND was stolen, Cointelegraph reported. The compensation will be paid from The Sandbox treasury without any new token issuance. The claims process is set to begin within two weeks and remain open for two weeks after that. Two centralized exchanges holding more than 72% of the eligible SAND will compensate customers directly. According to CoinMarketCap, SAND was trading at $0.03972 at the time of writing, down 11.46% over the past week.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.69% long, 50.31% short - Binance: 49.69% long, 50.31% short - Bybit: 50.16% long, 49.84% short - OKX: 50.14% long, 49.86% short