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Today · 2026-09-14 · Mon

Devin's annual revenue of $900 million. Cognition could burn $800 million this year

The annualized revenues behind Devin have reached approximately $900 million, representing a three-fold increase over the beginning of the year, based on income of approximately $75 million per month. The company is in the process of a new round of financing, with a potential valuation of about $45 billion. At the time of the financing in May of this year, Cognition had published annualized income of $492 million, valued at $26 billion, and increased its annualized income by about 83 per cent in just three months. But Cognition is also very expensive, and is expected to consume about $800 million in cash this year, burning about $200 million in the second quarter, mainly to lease large-scale British Wida servers to run Devin and the training self-study model. Cognition has nearly 50 per cent business Māori. Management expects annualized revenues to exceed $1.5 billion by the end of the year, reaching $4 billion to $5 billion next year。

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Walsh Jackson Hall premiere, Market Focus Policy Positions, Framework Reforms and Treasury Coordination

ON 28 AUGUST, THE MARKET FOCUSED ITS FIRST ADDRESS TO FEDERAL RESERVE CHAIRMAN WALSH JACKSON HOLE ON THREE MAIN POINTS, COMBINING MORGAN STANLEY, MORGAN CHASE, SILVER, BARCLAY AND GOLDMAN SACHS. THE PRIMARY SUSPENSE WAS WHETHER WALSH BELONGED TO A CLEARLY DEFINED OR NEUTRAL HAWK, AND WHAT LEVEL OF INFLATION WOULD TRIGGER ITS SUPPORT FOR INTEREST RATE HIKES, AND THE MARKET WAS STILL UNCLEAR ABOUT ITS POLICY RESPONSE FUNCTION. THE SECOND CONCERN IS WHETHER WALSH WILL ADJUST THE FED POLICY FRAMEWORK, INCLUDING THE INFLATION FRAMEWORK, THE BALANCE SHEET, FORWARD GUIDANCE, THE IMPACT OF AI ON PRODUCTIVITY AND THE QUALITY OF ECONOMIC DATA. MORGAN STANLEY BELIEVES THAT THESE LONG-TERM ISSUES MAY BE MORE IMPORTANT THAN THE 25 BASIS POINTS RAISED IN SEPTEMBER. THE THIRD CONCERN WAS HOW WALSH DEALT WITH THE POTENTIAL POLICY CONTRADICTION BETWEEN THE FED AND THE TREASURY. THE UNITED STATES TREASURY IS EXPANDING ITS LONG-TERM US DEBT BUY-BACK, HOPING TO REDUCE LONG-TERM FINANCING COSTS; IF THE FED MAINTAINS HIGH INTEREST RATES TO CONTROL INFLATION, IT MAY KEEP THE LONG-TERM YIELD HIGH. THE PRESENTATION COULD BE AN OPPORTUNITY FOR WALSH TO ELABORATE ON THE MODALITIES OF COORDINATION BETWEEN THE TWO SIDES. KIM XIAN

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Goldman Sachs: The Walsh speech may not pose a significant event risk

On 28 August, Goldman Sachs strategist Rich Privorotsky stated that the impact of oil price trends on markets could be more important than the Jackson Hall annual conference. According to Goldman Sachs, the market's current or excessive attention to Walsh's speech underestimated the impact of oil prices on inflation and financial markets. If oil prices fall, it is possible to lower inflation expectations in turn, ease consumer pressure and contribute to a decline in long-term United States debt yields, thus reducing stock valuation pressures and improving risk assets. Privorotsky believes that unless Walsh's speech clearly deviates from his previous policy stance, this Jackson Hall annual meeting may not pose a major event risk。

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Irihua: Bitcoin short-term or small return, planned to be more than flat near $86,000

On 28 August, the founder of Liquid Capital, JackYi (Erihua), wrote on platform X: “bitcoin is still at a level of pressure around $81,000, with a small return on these days, and then continues to rise beyond $81,000 to a level of $86,000, and we will be at a level of more than the next level of pressure, and the next level of pressure will be at a higher level and one that is determined to be at a level. In any case, there is a tendency for cattle to move, even if the pressure table is empty.”

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Galaxy adds 24/7 emergency service to the Helios data centre

Galaxy announced the establishment of 24-hour fire, rescue and emergency medical services in cooperation with the industrial safety provider, Total Safety, at its Helios data centre in Dickens County, Texas. The agreement will provide medical and rescue personnel at the Helios data centre, with the aim of reducing pressure on local volunteer first aid personnel. Nevertheless, Galaxy did not disclose the financial terms of the contract, the date of commencement of staffing or full service. Total Safety will provide ongoing emergency coverage of events on the Helios campus. The service includes fire response, technical rescue, medical care and EMT support. Galaxy indicated that the field team would complement, rather than replace, local volunteer fire and first aid services. The aim of the company is to deal with school events without increasing the workload of community counterparts。

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Six months of war in Iran: Markets adapted to endless stalemate

Friday marked six months of "a major military operation" by the United States and Israel in Iran, and the market gradually adapted to this endless stalemate. The conflict, which was initially expected to last several weeks, turned into a stalemate, with geopolitical analysts saying that the nature of the conflict had also changed and the White House shifting its focus to increasing economic pressure on Iran and its trading partners. Although oil prices have risen by almost 20 per cent since the start of the war, current contract transactions prices are still one third below their April peak. Middle East experts noted that, despite the changing nature of the conflict, a breakthrough in ending the war in the near future seemed unlikely。

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OKX Director Lennix: Financial markets are accelerating progress towards monetization and round-the-clock transactions

On 28 August, OkX Director Lennix was invited to the Bitcoin Asia 2026 Round Table Forum, “The Rise of Financial Superapplications”, to share perspectives on the integration of traditional finance with encrypted markets, the bottom-up construction of financial super-applications, and the prospects for the development of stock monetization. Lennix indicated that the integration of financial products into the same account system was accelerating. Future users want to trade and manage different types of financial assets under the same funds, the same account, the same bond and the same wind system, which will be an important direction for the ongoing evolution of the industry. He pointed out that financial super-applications appeared to be the trade of Cripto, traditional stock assets, foreign exchange, commodities, etc. in an application; but the real challenge was the accessibility of the underlying infrastructure of the various assets, including the banking system, wallets, trading accounts, shared bonds, synergies between wind control and compliance back-offices. At the same time, Lennix mentioned that the monetization of shares and the monetization of traditional financial assets was in essence an upgrade to the traditional market. By connecting the relevant assets to a secured currency exchange, bond, wind control and compliance system, the market can achieve longer-term transaction and risk management and provide price signals on an ongoing basis over the non-trading period. Turning to institutional cooperation, Lennix stated that the strategic investment of the Intercontinental Exchange in the OkX group reflected the movement of financial markets towards monetization and round-the-clock transactions. This area is expected to be an important development in future financial markets as stock-currency operations continue to grow。

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JackYi: Bitcoin has a short-term or a small return, with a plan of ped much near $86,000

According to JackYi, Bitcoin is currently at a pressure level of $81,000 and is expected to experience a small return in the coming days, which will then rise and break through the region, with the next pressure level at approximately $86,000. He plans to flatten the multi-block position when it rises to the vicinity of $86,000 in bitcoin, which is facing a larger reversal. JackYi judges that the trend in cattle markets has arrived, and that even if prices go into stress areas and look short, they will only choose flat and will not create empty silos。

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THE CURRENCY OF THE AI ECONOMY IS ENCRYPTED

coinspectator wrote that the currency of the AI economy was encrypted. Currently, AI agents start to trade independently, with a daily volume of close to 205 million transactions and over $53 million. The article states that AI is unable to use credit cards, enter CVVs, wait for SMS codes or process bank hours, so that if agents need to pay for calculations, data, APIs or other agents automatically, they need a currency the same as software, with immediate, global, programmable and 24/7 available features. Stable currency is particularly appropriate for small payments between machines without the need for manual approval of each transaction. The article suggests that in the future, when millions of agents engage in thousands of small transactions per second, a completely different payment system may be required。

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Solana proposal SIMD-0437 first functional switch activated on the test grid

On 28 August, the Solana Core Development Team Anza pushed that the first functionality switch of the Solana proposal SIMD-0437 had been activated on the test grid. The proposal includes a total of five functional switches with the goal of reducing Solana storage costs by 90 per cent as a whole. Upon completion, the lamports per byte will be reduced from 6960 to 696, and the rent-free deposit on the token account will be reduced from approximately $0.16 to $0.016。

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Lennix: Financial products are accelerating their integration into the same account system

OKX Director Lennix at the Bitcoin Asia 2026 Round Table Forum stated that financial products were accelerating integration into the same account system and that future users wished to trade and manage different types of financial assets under the same account. He noted that the core challenges in financial super-applications were the synergy of the banking system, wallets, trading accounts, shared bonds and wind-control compliance. The monetization of shares brings traditional assets into the system of encrypted currency exchanges, leading to longer periods of transaction and risk management. The strategic investments of the Intercontinental Exchange to the OkX Group reflect the ongoing movement of financial markets towards monetization and round-the-clock transactions。

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