According to BlockBeats, on August 26, the Islamic Republic of Iran Broadcasting reported that Iranian Deputy Foreign Minister Gharibabadi stated that, according to the new understanding reached between Iran and Oman regarding the Strait of Hormuz, routes into the Persian Gulf will pass through Iranian waters, while routes out of the Persian Gulf will pass through Omani and Iranian waters. No warships will be allowed to pass through the strait; only merchant ships will be permitted to pass.

Gharibabadi stated that the understanding between Iran and Oman does not imply an immediate reopening of the Strait of Hormuz. The aforementioned passage arrangements are temporary measures, and the two countries will subsequently negotiate a new permanent shipping route within 30 to 60 days. Gharibabadi emphasized that the Strait of Hormuz will remain closed if Iran's demands and conditions are not met. He stated that the preconditions for reopening the strait include a complete end to all fighting, including on the Lebanese front, the lifting of the blockade, a proper resolution to the Yemen issue, and, in addition, the United States must fully fulfill all its previous commitments. Gharibabadi said that the US claim to have cleared mines from the Strait of Hormuz is a "propaganda lie," and Iran will strike US minesweepers entering the area.

According to BlockBeats, on August 26, following Canadian Prime Minister Carney's announcement of retaliatory measures against newly imposed U.S. tariffs, the Trump administration is discussing further trade sanctions against Canada. A White House official revealed that further escalation measures against its northern neighbor could include raising tariffs and other trade actions, and the U.S. government is expected to respond to Canada's latest moves. The official noted that President Trump possesses a range of tools that could be used to resolve this dispute should U.S.-Canada trade negotiations break down.

Canada announced yesterday that it will impose tariffs of 15% to 50% on approximately $20 billion worth of U.S. goods; Canada will also raise tariffs on U.S. steel products from 25% to 50%. The Canadian government stated that, starting September 8, it will impose retaliatory tariffs of 15%, 25%, or 50% on approximately 700 products.

According to Beating AI News, OpenAI has released the first batch of test data for its first custom inference chip, Jalapeño, claiming it outperforms NVIDIA's GB300. The chip achieves Pareto best performance on three publicly available external models: GPT-OSS 120B, DeepSeek R1 670B, and Kimi K2.5 1T. Compared to the best existing commercial systems, it offers 1.5 to 1.9 times higher peak AI output per watt and 1.7 to 3.6 times lower end-to-end latency; in highly interactive agent scenarios, the advantage expands to 2.1 to 4.1 times. Jalapeño has a rated power of 700 watts, with tested continuous power consumption not exceeding 550 watts. OpenAI emphasizes that under agent loads, true cost should be measured by "AI workload per unit power consumption," rather than single-chip performance.

Jalapeño was developed from design to tape-out in just nine months, with AI deeply involved in circuit optimization and verification. Leveraging Codex and GPT-Astra, the team optimized three open weight models not originally planned for this chip to high performance in just two months, with AI-generated implementations for some modules being 1.5 to 1.8 times faster than human handwritten implementations. OpenAI plans to deploy Jalapeño on its own computing infrastructure by the end of the year, while continuing to utilize external accelerators such as NVIDIA on a large scale. This is the first generation of a multi-generation chip roadmap; Gen 2 is already under deep development, and Gen 3 is taking shape.

According to BlockBeats, on August 26, based on a filing with the U.S. Securities and Exchange Commission (SEC), Micron Technology (MU.O) President and CEO Sanjay Mehrotra sold 40,000 shares of common stock on August 21 at an average price of $968.9 per share, for a total value of approximately $38.7562 million.

According to BIT (Bit.com) market data, Micron closed up 2.48% this morning at $932.97.

According to BlockBeats, on August 26, Arthur Hayes posted that the economics infographic for Flop Labs' FLOP token will be released this week.

Hayes stated that he plans to host an online AMA next week via X Spaces and YouTube, where the community can ask questions and provide constructive feedback on the FLOP token economics to help the team finalize the token economics design.

According to BlockBeats, on August 26, Axios reported that the U.S. Navy has cleared the main shipping lane in the Strait of Hormuz, the Traffic Separation Channel (TSS) between Iran and Oman, to allow more oil tankers to pass.

According to U.S. officials, over the past few months, U.S. Navy underwater drones have systematically scanned the area, detecting more than 100 suspected mines. The U.S. military subsequently collaborated with private companies to clear or detonate these mines. In the past 30 days, more than 500 ships have passed through the southern channel of the Strait of Hormuz, with only about 2% being attacked by Iranian drones or missiles.

Trump stated that any ships or vessels that reopen mines will be "immediately and systematically destroyed." U.S. officials said that with the main shipping lanes reopening, ships can pass through the Strait of Hormuz in both directions under U.S. protection, facilitating the flow of more oil into global markets.

According to a report by the Financial Times, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), stated that the AI investment boom is spreading from the United States to the rest of the world. As countries increase their investment in data centers and related infrastructure, AI is gradually becoming an engine of global economic growth, moving beyond the US phenomenon.

Georgieva stated that the global economy was impacted by the energy shock caused by the war with Iran and the closure of the Strait of Hormuz, but its actual performance was better than previously expected. Decreasing energy demand, the release of emergency oil and gas reserves, increased energy supplies from outside the Gulf, and growth in renewable energy and coal supplies collectively mitigated the effects of the energy crisis.

She pointed out that the global economy is currently caught in a tug-of-war between the AI boom and the economic impact of the Iran war. Although AI investment is mainly concentrated in the United States, countries that participate in the AI hardware supply chain and export related products globally are also benefiting.

However, Georgieva warned that the energy shock is not over yet. With oil and gas reserves continuing to decline and the Northern Hemisphere winter approaching, another rise in oil prices could push up inflation and force central banks around the world to raise interest rates, thereby increasing government financing costs and dragging down economic growth.

According to BlockBeats, on August 26, the first proceeds from the Hyperliquid AQAv2 mechanism are expected to enter the Hyperliquid aid fund on October 3. The market anticipates that the initial funding may reach approximately $20 million, which will be used to repurchase HYPE.

AQAv2 (Aligned Quote Asset v2) is a stablecoin mechanism announced by Hyperliquid in May of this year, which allows stablecoins, including USDC, that are not exclusively issued by Hyperliquid to obtain "Aligned" status.

According to publicly available information, AQAv2 will return the majority of its stablecoin rewards to the Hyperliquid ecosystem, with 90% of the rewards allocated to relevant mechanisms, and subsequently 100% used to buy back and burn HYPE tokens. Coinbase has been designated as the funding provider, and Circle is responsible for the technical deployment. Both parties will also stake HYPE to participate in the mechanism.

Analysts predict that this mechanism could add approximately $135 million to $160 million in HYPE buyback pressure annually.