SpaceX will build a new launch site in Louisiana
SpaceX announced that it will build a new Starship launch site in southern Louisiana, USA.
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Tuesday, 08/25/2026
The Human Rights Foundation grants 60 million Satoshi in funding to 16 projects
The Human Rights Foundation (HRF) announced a new round of funding exceeding 60 million satoshis (approximately $472,800) to 16 projects worldwide through its Bitcoin Development Fund, with the funded projects distributed across Africa, Asia, and Latin America. These grants aim to strengthen the Bitcoin protocol, expand the practical use of Bitcoin, and provide secure communication and community infrastructure for dissidents. This is HRF's second round of funding in 2026, following the organization's announcement in April to support 26 projects.The funded projects cover multiple areas. In terms of Bitcoin payments, BitSpenda plans to expand its mobile currency to a Bitcoin bridging tool to reduce cross-border transfer costs in Africa; Project Island Resilience, based on Jamaican developer Dread's Flash wallet, plans to add offline payment features using Bluetooth, NFC, and ecash; Bitzed helps Zambian users purchase Bitcoin directly through mobile currency. In Bitcoin development, Libbitcoinkernel, Floresta, BDK-Dart, and WalletScrutiny focus on reusing core code, lightweight nodes, cross-platform wallet tools, and wallet auditing, respectively.In the Nostr ecosystem, projects such as Vector, Flotilla Chat, OpenAlert, and 0xchat received support to provide censorship-resistant encrypted communication tools.
SpaceX has advanced the launch date of its first batch of AI satellites to Q4 2027, and its stock price rose nearly 3% at one point
According to Ibtimes, SpaceX CEO Elon Musk stated that the company is collaborating with NVIDIA to advance the launch of the first satellites equipped with AI computing capabilities to the fourth quarter of 2027, previously targeted for 2028.Musk mentioned that SpaceX and NVIDIA have designed the Vera Rubin NVL72 system optimized for the space environment, which is planned to be launched into orbit in the fourth quarter of 2027 and will achieve large-scale deployment in 2028. SpaceX will also utilize NVIDIA processors to provide orchestration, code execution, and data processing capabilities for the next generation of Agentic AI.Following the announcement, SpaceX's stock price strengthened, rising about 2.9% during trading to $138.92.Meanwhile, SpaceX is re-advancing its small modular nuclear reactor project, mPower. As the power demand for AI data centers rapidly increases, the company is seeking to provide stable, low-carbon, round-the-clock power through solutions such as small modular nuclear reactors.
Fed's Collins Backs Holding Rates, Warns of Quick Hike If Inflation Stalls
Odaily News: Federal Reserve's Collins said she currently supports keeping interest rates unchanged, but this stance depends on seeing more progress in inflation cooling gradually toward the Fed's 2% target. Collins wrote: "To maintain the current target range for the federal funds rate, we need to continue seeing evidence that inflation is indeed declining. If evidence of sustained disinflation does not materialize, I think we should tighten monetary policy sooner rather than later."
She said recent inflation data showing moderate underlying price pressures is "somewhat encouraging," but added that monthly data can be volatile. "Whether the recent improvement can be sustained remains to be seen." Collins said tight interest rates combined with higher long-term yields should help ease some of the inflationary pressures from strong spending by households and businesses. She added that the impact of previous tariffs is expected to have largely faded, and the effect of rising oil prices on inflation should also begin to diminish. (Jin10)
Analysis: The VIX curve is rising, and anxiety in the stock market is increasing as the U.S. midterm elections approach
Although Nvidia's upcoming earnings report and Federal Reserve Chairman Waller's speech at the Jackson Hole annual meeting are the main events of interest for investors this week, traders in the stock derivatives market have already begun preparing for potential volatility increases around the November U.S. midterm elections.Traders focused on volatility in the futures market linked to the VIX index have noted signs indicating that demand for hedging S&P 500 index volatility has increased before and after the elections. VIX futures expiring in September are currently trading at around 17.4, but October contracts have risen to 19, and November contracts have further increased to 19.7.Matthew Thompson, co-portfolio manager at Little Harbor Advisors, stated, "The U.S. elections are approaching, and you are entering a time window where the elections will impact the VIX. You can already see this 'backwardation' in the term structure of VIX futures."A study by analysts at the Chicago Board Options Exchange Global Markets shows that since 1945, in 80% of midterm election years, actual volatility has been higher than the previous year, with an average increase of 3.5 volatility points. In years when both the White House and Congress are controlled by the same party, actual volatility increases by an average of 6 volatility points.
World Liberty Financial CEO: Never Discussed Business With Trump
Odaily News: Zach Witkoff, CEO of Trump family-linked crypto project World Liberty Financial (WLF), said the market performance and actual usage of the USD1 stablecoin prove the project does not have the conflict-of-interest issues questioned by outsiders.
In an interview with CNBC, Zach Witkoff said USD1's circulating supply has exceeded $4 billion, with over $1 billion in trading volume in the past 24 hours. "Actual user usage and liquidity prove the real demand for USD1." Responding to concerns that World Liberty Financial may channel funds to Trump and his family through USD1, Zach Witkoff said such worries are exaggerated, and stressed that he has never and will never discuss business matters with President Trump, and is currently focused on enhancing the actual value of WLF products for users. Stablecoins are becoming the internet-native payment layer, "the dollar should also flow around the clock," and he believes USD1 will play an important role in the development of digital financial infrastructure. Meanwhile, World Liberty Financial still faces ongoing questions from some U.S. politicians about its overseas investments, political connections, and business interest arrangements. (CNBC)
Mara's Q2 Bitcoin Output Hits 2,422 as Hashrate Rises 22% to 70.3 EH/s
Odaily News: Bitcoin News posted on X that Mara's energized hashrate increased 22% year-over-year to 70.3 EH/s, and its Q2 Bitcoin production reached 2,422 BTC, up from 2,247 BTC in Q1; daily hash cost rose 4% to $27.7.
Trump warns Iran: The destroyer will be destroyed, and the Space Force is closely monitoring the strait and nuclear facilities
U.S. President Trump stated that all mines in the Strait of Hormuz have been cleared or detonated. The U.S. has notified Iran that any new mining vessels will be destroyed.The U.S. Space Force is monitoring the strait and nuclear facilities, and a zero-tolerance mining policy has been implemented.
Data: BlackRock's clients purchased $200 million worth of Bitcoin
The prediction market platform Kalshi stated that BlackRock clients purchased $200 million worth of Bitcoin.
THORChain v3.20 Adds Native XMR, ZEC Swaps to BTC, ETH, Stablecoins
Odaily News: THORChain announced the launch of version 3.20, adding native cross-chain swap support for Monero (XMR) and Zcash (ZEC). Users can directly swap XMR and ZEC for Bitcoin, ETH, and stablecoins without wrapping assets, registering on centralized exchanges, or giving up custody of their assets. This upgrade also introduces Protocol Owned Liquidity (POL) and Stable Reserve, and restores support for Solana, Base, and BNB. The Stable Reserve enables zero-liquidity-fee swaps between stablecoins.
White House Official: No US-Iran Talks Scheduled, Strait of Hormuz Remains Open
Odaily News: According to Al Jazeera, an unnamed White House official said there are currently no ongoing negotiations or discussions between the United States and Iran. The source stated: "As President Trump has said, there are currently no negotiations or discussions with Iran, and none have been scheduled." The source also said: "The maritime blockade remains firmly and effectively in place, the Strait of Hormuz remains open, and sea mines have been cleared or destroyed." (Jin10)
Arcus Launches pTokens on Robinhood Chain to Tokenize Perpetual Account Shares
Odaily News: Arcus has launched the pToken protocol on Robinhood Chain, enabling the conversion of perpetual contract account shares with fixed markets and leverage levels into transferable ERC-20 tokens, which can be used in on-chain protocols such as lending. The initial offering supports leveraged exposure to Bitcoin, SOL, HYPE, and select stock tokens, along with a multi-asset collateral feature that allows SPY, QQQ, and MAG7 tokens to be used as collateral for perpetual trading.
Fed's Collins: Inflation Still Too High
Odaily News: Federal Reserve's Collins said inflation remains too high and expressed concern about the Fed's mandate to maintain price stability.
Bitcoin-to-IBIT Conversion Minimum Cut to $2 Million as BritishHodl Prompts BlackRock to Lower Threshold
Odaily News: BitcoinTreasuries.NET announced on X that BritishHodl will attend the Bitcoin Treasuries Conference in New York on Sept. 28 and has prompted BlackRock to lower the minimum amount for converting bitcoin to IBIT from $50 million to $2 million. BitcoinTreasuries.NET stated that this is a resource brought by top independent bitcoin media figures participating in on-site custody discussions.
Empery Digital: Bitcoin holdings have decreased to 1,179 coins, planning to increase investment in AI data centers
According to Businesswire, the Nasdaq-listed company Empery Digital announced its latest balance sheet and data center investment progress, revealing that its Bitcoin holdings have decreased to 1,179 coins. In addition, it holds approximately $62 million in cash and $35 million in debt.
BritishHodl: Facilitated BlackRock to lower the minimum amount for converting Bitcoin to IBIT to 2 million dollars
BitcoinTreasuries.NET posted on platform X that BritishHodl will participate in the Bitcoin Treasuries Conference held in New York on September 28, and facilitate BlackRock's reduction of the minimum amount for converting Bitcoin to IBIT from $50 million to $2 million.BitcoinTreasuries.NET stated that this is a resource brought by top independent Bitcoin media figures participating in the on-site custody discussions.
Robinhood Lists MORPHO Trading
Odaily News: Robinhood has officially announced that Morpho (MORPHO) is now listed on Bitstamp by Robinhood and available for trading.
Analysis: Waller may release dovish signals at Jackson Hole, with US debt policy coordination becoming the market focus
The market is closely watching Federal Reserve Chairman Kevin Walsh's speech at the Jackson Hole annual meeting this Friday. As U.S. long-term Treasury yields continue to rise, the market generally expects Walsh to possibly release dovish signals to alleviate concerns about inflation and fiscal risks in the bond market.Mark Cabana, head of U.S. interest rate strategy at Bank of America, stated that the market has gradually lost sensitivity to Walsh's previous verbal statements about "fighting inflation," and investors currently hope to see a substantive policy path to address inflation. Meanwhile, Treasury Secretary Basant has recently increased the repurchase of long-term U.S. Treasuries and financed the government through the issuance of short-term bonds, indicating some divergence between the Treasury and the Federal Reserve in managing the bond market.The article points out that Basant's shift of financing pressure to the short end effectively bets U.S. fiscal costs on future interest rate declines. If Walsh can promote interest rate cuts by controlling inflation and boosting productivity, the short-term financing model is expected to reduce government interest expenses; however, if long-term rates remain high, U.S. fiscal pressure may further intensify.The market also anticipates that the Federal Reserve may make adjustments to liquidity management and balance sheet policies. Michael Cloherty, head of U.S. interest rate strategy at CIBC, believes that quantitative tightening could begin as early as the end of 2027, provided that regulatory rule changes can reduce banks' demand for reserves.Currently, the Federal Reserve still holds about $1.6 trillion in long-term U.S. Treasuries. Walsh's statements at Jackson Hole regarding long-term yields, inflation, and the path of balance sheet reduction may become an important signal for assessing the degree of future policy coordination between the Federal Reserve and the Treasury.
JPMorgan Reiterates Overweight Rating and $240 Target on SpaceX
Odaily News: JPMorgan reiterated its Overweight rating and $240 price target on SpaceX (SPCX.O), citing growing confidence in the prospects of its Grok AI. The firm highlighted SpaceX's acquisition of Cursor, which reportedly has annual recurring revenue (ARR) of about $4 billion, with 75% coming from enterprise business. JPMorgan expects Cursor to enhance SpaceX's enterprise AI strategy, model training data, and Grok's performance. (Jin10)
Analysis: Bitcoin's rise to $80,000 is driven by short covering, with open interest in futures contracts dropping to May lows
CoinDesk cites data from Glassnode indicating that Bitcoin recently surged to $80,000, primarily driven by short sellers being forced to cover their positions, rather than a large influx of new buyers. This characteristic has historically made the market more sustainable.Data shows that as short positions were liquidated, Bitcoin futures open interest has dropped to 587,584 BTC, marking a nearly 5-month low. The market leverage level has decreased, providing a relatively more solid foundation for price trends.