HTX DAO has announced a Genesis Program backed by an ecosystem fund with an initial size of $10 million, setting its sights on the intersection of crypto and artificial intelligence. The organization said the initiative is meant to go beyond single-product and token-based metrics and instead build a broader business footprint across crypto and AI through cryptography and decentralized networks. According to HTX DAO, as AI agents move from assistive generation to autonomous execution, decentralized networks will serve as the infrastructure for settlement and attribution. It said the deeper convergence of crypto and AI could give rise to a new generation of business models, base-layer protocols, and decentralized organizational structures, making the engineering deployment and commercial closed loop of Crypto-AI a core strategic priority. The Genesis Program will use a strict, verifiable milestone-based delivery mechanism. Selected teams are set to receive a support framework that includes development funding, foundational technical support, omni-chain liquidity injection, real-world business scenarios, and global market expansion resources. The stated goal is to create a long-term positive feedback loop.

Discussion around Justin Sun, referred to in the source as “Sun Studies,” has surged again, focusing on his high-risk bets, constant narrative building, and ability to stay visible through controversy across crypto cycles.

HTX DAO said it completed its $HTX token burn for the second quarter of 2026 on July 15, according to an official announcement cited by ChainCatcher. On-chain data showed that 7,474,935,439,560 HTX tokens were burned in the latest round, with the value of the burn exceeding $13.6 million. The announcement said cumulative burns and donations have now reached 117.79 trillion HTX. HTX DAO also said that across the first two quarters of this year, the combined value of HTX burned exceeded $32.82 million. The statement added that HTX has continued to carry out quarterly burns worth tens of millions of dollars even as overall market liquidity competition has intensified this year. HTX DAO said this reflected relatively strong business resilience and an ability to withstand market cycles.

HTX DAO said its token burn for the second quarter of 2026 was completed on July 15, according to an official announcement cited by BlockBeats on July 16. On-chain data showed that 7,474,935,439,560 HTX were burned in the latest round, with a value of more than $13.6 million. Following the latest burn, the cumulative amount of HTX burned and donated has reached 117.79 trillion tokens. The organization also said that combined burns across the first two quarters of this year were worth more than $32.82 million. HTX DAO added that, despite intensifying liquidity competition across the broader market this year, HTX has continued to carry out quarterly burns worth tens of millions of dollars.

HTX Genesis, a hackathon hosted by HTX DAO and B.AI and co-organized by OpenCSG and TinTinLand, has selected its top 15 teams, according to an official social media update. Those teams will advance to the offline final scheduled for July 19 during the WAIC World Artificial Intelligence Conference in Shanghai. The organizers also said community voting will open soon, with users able to stake on the HTX DAO website and vote for their preferred teams. The event carries a total prize pool of 20,000 USDT and offers more than $100,000 in computing power support. Participating teams are building around several themes, including $HTX use cases, B.AI ecosystem applications and computing services, AI Agent finance, on-chain asset management, trading infrastructure, DAO tools, and intelligent financial operating systems.

HTX DAO completed its Q1 2026 token burn on April 15, destroying 10.825 trillion HTX worth over $19.2 million. Total burned tokens now exceed 11% of supply, with an annual deflation rate of 5.5%.

The HTX Genesis Hackathon kicked off in Hong Kong on April 21, hosted by HTX DAO and B.AI. A $10 million ecosystem fund was announced, focusing on AI-Web3 integration. Justin Sun highlighted AI agents as the next driver of Web3.

HTX Genesis Hackathon has launched in Hong Kong, backed by a $10 million ecosystem fund from HTX DAO to support AI and Web3 innovation through a development-to-listing pipeline.