Arthur Hayes: Flop testnet will be launched in October, participating in mining can receive airdrops

South Korean retail investors are expected to lose approximately $1.7 billion between May 27th and August 14th by tracking the single stock leveraged ETF and note products of Samsung Electronics and SK Hynix. Since July, South Korean regulatory authorities have taken measures such as temporarily banning the listing of new leveraged single share products, increasing minimum cash margin requirements, and strengthening investor training to curb related product risks. (Source: Bloomberg)

OKX founder Star Xu stated on TOKEN2049 that the financial sector will undergo two fundamental changes in the next 5 to 10 years, with the primary goal of achieving an instant user experience similar to sending messages or booking Grab.

BitMEX co-founder Arthur Hayes stated on TOKEN2049 that the AI agent payment project FLOP Network is expected to launch a 90 day test network in October and launch the main network in the first quarter of next year. During the testing period, users who participate in mining, verification, or use of the network are eligible to receive FLOP tokens. Starting from late October, the project will airdrop 25% of its ten-year supply without pre-sales. After the mainnet goes online, FLOP tokens can only be obtained through mining or purchased from miners. FLOP aims to build a native payment network for AI agents, enabling tokens to directly correspond to computing resources.

VanEck CEO Jan van Eck stated that releasing more nuclear power projects can simultaneously boost AI and Bitcoin, and nuclear power providing miners with cheap energy can alleviate Bitcoin selling pressure. Both parties in the United States support nuclear energy and aim to double nuclear power output within 25 years. Matthew Sigel, head of digital asset research at VanEck, stated that miners have undervalued option values, and if miners turn to AI contract revenue, the selling pressure on Bitcoin will be reduced. (Source: CryptoBriefing)

Stacks founder Muneeb Ali has announced five key priorities for the first 30 days after returning as CEO of Stacks Labs, including expanding institutional business, simplifying management architecture, releasing a roadmap for the next two years, strengthening public communication among large STX holders, and clarifying STX's value capture mechanism. Muneeb Ali stated that the institutional demand for Bitcoin Bonds is increasing, and the future roadmap will cover institutional level BTC privacy and anti quantum technology, with Stacks planning to attribute all intellectual property to a non shareholder foundation.