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Arthur Hayes posted on the X platform that, aside from AI safety risks, if companies like Anthropic, OpenAI, and SpaceX no longer act as buyers of computing power, the U.S. government may need to take on that role; another scenario is that if the demand for computing power disappears, leading to defaults on related AI debts, the Federal Reserve may need to "print money" to rescue the insurance institutions holding those debts. Hayes stated that regardless of which option is chosen, it will ultimately need to be resolved through monetary expansion, jokingly referring to this situation as "Yachtzee."

According to on-chain analyst Ai Yi's monitoring, Arthur Hayes has established a position worth over 2.247 million dollars in UNI, with an average purchase price of 6.94 dollars. Three hours ago, Arthur Hayes bought an additional 39,800 UNI through Flowdesk, spending approximately 273,000 USDC; he currently holds 323,900 UNI, with an unrealized loss of 286,000 dollars.

Flop Labs CEO Arthur Hayes announced that the FLOP Network v0.5.0 yellow paper draft has been released, proposing an AI inference measurement and settlement network based on Substrate/FRAME, utilizing the BABE block production and AlephBFT finality mechanism.The project's official roadmap indicates that the FLOP testnet is planned to launch in Q4 2026, with token airdrops through participation in testing, and the mainnet target is set for Q1 2027; currently, the yellow paper remains a draft, and several parameters and mechanisms have yet to be finalized.

Arthur Hayes released a new project FLOP white paper on social media. FLOP is a proof of useful inference (PoUI) blockchain and native currency aimed at the agent economy, where AI agents can use FLOP to pay miners for inference fees. The network adopts an architecture that combines PoUI with account-based chains, where agents submit session requests to the memory pool containing model weight hashes, maximum latency, computational load, confidentiality flags, and fees. Miners complete the inference and return proofs, which validators incorporate into blocks to complete settlements.The initial supply of FLOP is approximately 2.48346 billion tokens, all allocated for airdrops, with no VC pre-mining or auctions. The first phase of reward distribution allocates 75% to miners, 10% to validators, 10% to agents, and 5% to regular stakers. The average block time for the network is 1 second, with a roadmap goal of sub-second block times. The initial block reward is 96 FLOP, halving every 730 days, for a total of five halvings, after which it will permanently remain at 3 FLOP.The maximum number of validators is capped at 1,000, with approximately 50 rotating monthly based on verified workload and online rates. Miners and validators must stake FLOP, and malicious behavior may face penalties of up to full forfeiture and bans. Governance is conducted through FLOP improvement proposals, requiring a two-thirds approval from active validators in most cases.

According to on-chain analyst Ai Yi's monitoring, Arthur Hayes (0x6cd...47e21) received 39,000 UNI from FalconX in the past hour, worth $282,000, increasing his UNI holdings to 284,100, with a total value of $2,007,000 and an average withdrawal price of $7.06.Arthur Hayes has made a large transaction of UNI again after about 9 months, and UNI has now become his third largest on-chain asset.

According to on-chain analyst Yu Jin's monitoring, Arthur Hayes (0x6cd...e21) purchased 244,000 UNI through Flowdesk OTC at a price of $7.06.

Uniswap founder Hayden posted on the X platform, stating that correlated trading pairs are forming. The top five tokenized SPY trading pairs by trading volume serve as "bridge" trading pairs connecting other common underlying trading pairs, primarily linking to tokenized stocks with higher correlations. This type of market is characterized by globalization, programmability, low costs, and 24/7 operation.Hayden stated that he has been working on the forefront of DeFi for 9 years and believes that AMM has enormous potential. After years of evolution and development, the path for AMM to achieve global dominance is becoming increasingly clear. Tokenization has changed the existence of markets, market makers, and the objects of market trading. Since its launch, Uniswap has been operating autonomously, with a cumulative trading volume exceeding $4.6 trillion, and has increased the share of spot trading volume on decentralized exchanges from less than 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern that most financial markets have yet to notice: correlated trading pairs. AMMs have found a product-market fit in long-tail markets, as most assets previously could not attract the attention of professional market makers. DeFi and AMM have lowered the barriers to market making, opening the market to more participants. Liquidity will concentrate in the places with the lowest risk, rather than being forced to remain in places constrained by traditional infrastructure.

According to Cointelegraph, BitMEX co-founder Arthur Hayes stated that Bitcoin is expected to reach $1 million before 2030, citing factors such as the bursting of the AI bubble, massive money printing, and the potential implementation of yield curve control by the United States. He believes that $58,000 is likely the bottom for this round, and Bitcoin will experience a volatile upward trend.However, Hayes indicated that his current preference is Ethereum, believing it offers a better risk-reward ratio and is likely to achieve a rapid increase of 3 to 5 times, as Ethereum is the foundational layer of DeFi and is the only major cryptocurrency that has not yet broken through its historical high from 2021. He is more cautious about Hyperliquid, believing that its expectations are already fully reflected in the price, and that funds are better suited for deployment in other altcoin areas.Hayes also mentioned that Trump's influence on cryptocurrency prices is minimal, and that the real determinants of price are monetary authorities like the Federal Reserve. Regarding BitMEX's closure on September 23, he said, "I feel very good," believing that this is a voluntary shutdown according to their own wishes, rather than due to a hacking incident, and stated that operating an exchange without scale advantages is no longer profitable.

Arthur Hayes-led AI agency project Flop Labs announced that it is building a GPU computing power exchange, allowing the buying and selling of computing power resources. Flop Labs pointed out that NVIDIA's quarterly data center computing power sales reached $89 billion, a year-on-year increase of 117%, but GPU pricing is still not standardized, and users need to contact suppliers directly for quotes.On Flop, AI agents purchase computing power from miners using FLOP tokens, and validators re-execute some of the completed computational work to verify the pricing basis used in the transactions.

BitMEX co-founder Arthur Hayes tweeted that the AI Agent chat service Technocore.chat is now online. This service is open-sourced by flop-labs (Apache-2.0) and is positioned as a chat and note server for AI Agents, requiring no login, client, or JavaScript. It allows reading and writing room messages, storing notes, and discovering public rooms using only standard HTTP GET/POST. Posts can also be made via DID and Ed25519 signatures.Technocore.chat is operated by Flop Labs (a project under Arthur Hayes).

According to Cointelegraph, BitMEX founder Arthur Hayes (@CryptoHayes) recently expressed a bullish view on Ethereum, pointing out that ETH had previously been heavily sold off by the market and was almost "forgotten," but its ratio against Bitcoin has recently shown a significant rebound, which he believes is a signal of the market's reawakening.

Arthur Hayes stated that investors should be prepared to buy Bitcoin and expect it to perform well in the coming years. He believes that if the U.S. continues to expand its money supply, the price of Bitcoin could eventually rise to $250,000. Bitcoin has risen about 20% since mid-August, increasing its total market capitalization by $300 billion in just a few hours.Scott Bessent had previously committed to supporting the bond market, and this week the Treasury is reported to potentially tap nearly $1 trillion from the Treasury General Account to fund bond purchases. Xapo Bank investment manager Gadi Chait noted that Bitcoin rose about 23% last week, marking the largest weekly gain since March 2023; during the same period, net inflows into U.S. spot Bitcoin ETFs were approximately $1.9 billion, with record short liquidations further driving the upward trend.

Arthur Hayes urges users to quickly create unique DID keys for their respective agents on Technocore.chat, stating that more collaborative methods for agents will be announced next week to obtain additional $FLOP airdrop quotas.The goal is to directly link "meaningful participation" in the flop_labs ecosystem with subsequent token incentives.

BitMEX co-founder Arthur Hayes stated that Bitcoin has been hovering around $80,000 for most of this week, which may cause Strategy's Bitcoin strategy to lose its operational basis. Strategy currently holds 840,447 Bitcoins and needs to pay approximately $1.5 billion in dividends for STRK and STRC each year.The enterprise value mNAV of digital asset treasury company Strategy is approximately 1.01 times, with the underlying mNAV and diluted mNAV being approximately 0.73 times and 0.74 times, respectively, as of August 27, which is close to the book value of its held Bitcoins. Arthur Hayes pointed out that Michael Saylor can choose to issue new shares, directly sell Bitcoins, or cut preferred stock dividends. The dividend yield for STRK is 8%, while the dividend yield for STRC is between 10% and 11.5%.

Arthur Hayes posted on the X platform that the FLOP tokenomics infographic for his AI/crypto project Flop Labs will be released this week. Hayes stated that there will be an AMA on X Spaces and YouTube next week to answer questions about the tokenomics and gather feedback to improve the design.

Arthur Hayes updated on the X platform stating: The FLOP airdrop eligibility will depend on users' testnet activities. The testnet token faucet will be launched on Technocore.chat, and users will need to access it through the DID keys provided by the AI agent.Previously, Hayes revealed that the FLOP is planned for a large-scale airdrop in the fourth quarter of 2026, with an expected 20% of the total token supply to be airdropped to testnet participants, distributed over 10 years------this may be adjusted later, and the purpose of announcing this figure is to collect user feedback. The FLOP token is expected to become one of the top two tokens in the cryptocurrency market.

On August 25, BitMEX co-founder Arthur Hayes stated that his over-the-counter brokerage has begun inquiring about the demand for dollar lending. Although current interest rates remain low, he believes this may indicate that basis trading is returning, and mentioned that Ethena-related token ENA may benefit from this.

BitMEX co-founder and Maelstrom CIO Arthur Hayes stated that U.S. Treasury Secretary Scott Bessent may expand the buyback of government bonds and increase the issuance of short-term Treasury bills to suppress long-term U.S. Treasury yields, and utilize funds from the Treasury General Account (TGA) to release liquidity. Hayes believes that such "proactive fiscal issuance" operations are similar to Yellen's approach in 2023, which guided money market fund funds away from the Federal Reserve's reverse repurchase tool through the issuance of short-term debt, and previously drove up risk assets and Bitcoin.Hayes pointed out that if the U.S. 10-year Treasury yield approaches or exceeds 5%, it will significantly raise costs for residential mortgages, corporate financing, and may prompt the Treasury to further intervene in the bond market. He expects that if U.S. dollar liquidity continues to expand, Bitcoin and the cryptocurrency market are likely to benefit, but there may still be significant corrections during this period.