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According to Odaily Planet Daily, Zach Pandl, Head of Research at Grayscale, published an article on the X platform comparing Ethereum to a "small country" and discussing the ETH issuance mechanism. He argues that Ethereum has only one core "governmental function": protecting property rights and value exchange within the system. Unlike traditional countries that provide public services through taxes, Ethereum primarily funds network security through "seigniorage," i.e., issuing new ETH. Within this framework, stakers responsible for maintaining network security are equivalent to a group providing public services, receiving rewards through newly issued ETH. Therefore, Ethereum's staking mechanism and ETH issuance policy essentially constitute both the network's fiscal and monetary policies. Pandl points out that the Ethereum community needs to decide how much "new currency" should be used to pay for network security costs. More security usually means stronger property rights protection, but at the cost of a higher ETH issuance and potential other risks. For example, if network security increasingly relies on a few large staking service providers, whether these providers can maintain complete neutrality in protecting the asset rights of all users remains a point of discussion. Pandl believes that just as no one in traditional economies knows the "optimal level" of government spending and currency issuance, the same applies to Ethereum. However, Ethereum has several key security thresholds, including: 1/3: an attacker reaching this percentage could affect finality; 1/2: affecting the blockchain fork choice; and 2/3: controllable of the finality process. Some community members believe that Ethereum's monetary and fiscal policy design should consider the security trade-offs brought about by these key percentages, and that the current mechanism does not fully incorporate these factors. However, the above analogy is not entirely accurate, as it does not yet cover other important factors such as the ETH burning mechanism, MEV, and governance.

According to Ai Yi's monitoring, @Skylinee participated in the LAB public offering with $5,000 in October 2025. Subsequently, based on the token price, the value of her holdings reached approximately $5.6 million, a return of about 1120 times. However, after the project team unilaterally postponed the token unlocking time, the participant recently received the unlocked tokens, currently worth only about $3,219, a decrease of approximately 99.94% from the previous peak value.

On August 15th, Odaily Planet Daily reported that Alibaba officially open-sourced the Qwen 3.8 series models, allowing all developers, research institutions, and enterprises to freely download, deploy, and use them. The newly open-sourced Qwen 3.8-27B is a native multimodal dense model with only 27 billion parameters, surpassing the overall performance of Qwen 3.7-Plus. (Wide Angle Observation)