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According to a report by Jinse Finance, U.S. Secretary of Commerce Luttig has confirmed that the U.S. government is in talks with Intel (INTC.O), planning to replace subsidies under the CHIPS and Science Act with equity stakes. Luttig stated on Tuesday that this plan would not grant the U.S. government any governance or voting rights in the company. He criticized the CHIPS Act signed by former President Biden, saying it provided subsidies to semiconductor manufacturers without delivering any returns to American taxpayers. In an interview, Luttig said, "This is not about governance; we are simply converting Biden-era grants into equity, and these are non-voting shares." The negotiations with Intel mark a significant shift in U.S. semiconductor policy. If finalized, this could pave the way for similar agreements with other chip manufacturers. Luttig also noted that the U.S. aims to rebuild some domestic chip manufacturing capacity for national security reasons.

ChainCatcher reports, according to The Block, that the modular DEX protocol Valantis announced on August 19 the completion of its acquisition of StakedHYPE, the second-largest liquid staking platform on the HyperEVM blockchain. The financial details of the transaction were not disclosed by either party. Valantis stated that the operations, development, and expansion of StakedHYPE will be fully taken over by Valantis Labs. According to the acquisition agreement, Addison Spiegel, founder of Thunderhead—the entity behind StakedHYPE—will join the Valantis team as an advisor. Within the Hyperliquid ecosystem, StakedHYPE ranks second only to Kinetiq among liquid staking platforms, with a current total value locked (TVL) exceeding $200 million. This acquisition will further strengthen Valantis’s presence in the DeFi sector.