Odaily News: Fox Business crypto reporter posted on X platform that the U.S. Securities and Exchange Commission today unveiled another rule proposal related to the crypto industry, aiming to update decades-old transfer agent rules to incorporate blockchain technology and tokenized securities. The proposal would allow transfer agents responsible for maintaining securities ownership records to use blockchain as the official record. Relevant institutions would also need to report the number of tokenized securities they service and the blockchain platforms used. This move is another step in the agency's push to bring the U.S. securities market on-chain.
According to data from Bloomberg and BlackRock senior ETF analyst Eric Balchunas, posted on the X platform on September 1, BlackRock's iShares Bitcoin Trust (IBIT) has achieved a cumulative return of 71% since its listing in January 2024, outperforming Vanguard's S&P 500 Index Fund (VOO), which had a total return of 66% during the same period. Balchunas described the upward trajectory of IBIT as a roller coaster ride, while the performance of VOO was much steadier in comparison.In 2024, the U.S. Securities and Exchange Commission approved 11 spot Bitcoin ETFs after a decade of rejections, and IBIT began trading that year. Currently, IBIT manages assets of $61.4 billion, making it the largest Bitcoin ETF; the second-largest, Fidelity's Wise Origin Bitcoin Fund, manages nearly $11 billion. BlackRock, which manages over $15 trillion in assets, shook the crypto market after submitting its application for a spot Bitcoin ETF in 2023, providing traditional investors with exposure to Bitcoin and showing higher daily trading activity than other similar ETFs.On the funding side, investors poured back into ETFs in August, with a total investment of over $2.8 billion from August 17 to 27, marking the highest level since Bitcoin reached an all-time high last October. Bitcoin briefly rose to $81,281 last Monday, then fell back on Friday, closing at $77,539, with a 24-hour decline of nearly 1%; Bitcoin has risen nearly 30% over the past month.
Odaily News: Explosions were reported in Iran's Chabahar and Bandar Abbas. Separately, Israeli media cited sources saying that the US has launched an attack inside Iran, though specific targets and related damage are currently unclear. (Jin Shi)
Odaily News: According to GMGN data, the market cap of ROBINCAT, a Meme coin on the Robinhood Chain ecosystem, briefly exceeded $6.8 million and is now reported at approximately $5.2 million, up over 130 times in a day.
Odaily reminds that Meme coin prices are highly volatile and susceptible to market sentiment and hot events. Please be aware of trading risks.
According to Bloomberg, the U.S. Department of Homeland Security signed a one-year, no-bid contract worth $95 million with cryptocurrency analytics firm TRM Labs in July to provide cryptocurrency tracking software and data analysis personnel, serving the White House's efforts to combat cryptocurrency fraud and cybercrime targeting American citizens.Competitor Chainalysis has filed a lawsuit against the Trump administration regarding the contract, claiming that the awarding process was "arbitrary, capricious, and unreasonable." The U.S. stated in a public explanation that TRM is "the only vendor capable of providing the complete technology, data, and operational support services required."
The global bond bear market continues to ferment, with Japan's 10-year government bond yield rising to 3% on Tuesday, the first time since 1996; the 30-year government bond yield also broke through the historical high of 4.18%. The U.S. 10-year government bond yield simultaneously rose to a multi-year high of 4.78%, and global long-term sovereign bond yields are at their highest level since the 2008 financial crisis.Against this backdrop, Bitcoin remains in a sideways consolidation, maintaining around $78,000, slightly retreating from an earlier high of nearly $79,000. There is a dense resistance area between the current spot price and $86,000, which limits Bitcoin's upward momentum. Market sentiment remains cautiously optimistic in the short term, with the $76,000 to $82,000 range seen as a key battleground in the coming weeks.This round of selling occurred after U.S. Treasury Secretary Yellen announced an increase in the maximum scale of government bond repurchase transactions to $4 billion starting in September, with some commentators likening it to a form of yield curve control. Arthur Hayes has long argued that the Federal Reserve will eventually activate the FIMA repurchase facility, a mechanism that would create new dollar liquidity, which is also why he recommends allocating Bitcoin, gold, and cryptocurrencies; Yellen hinted at the future use of this tool as early as August.
According to Cointelegraph, the U.S. Department of Commerce has officially adopted Chainlink to publish core macroeconomic data on-chain, covering key indicators such as real GDP, PCE price index, and actual final sales of private domestic purchasers, marking the first deep integration of traditional government data with blockchain infrastructure.
Odaily News: On September 1, thousands of X users reported receiving password reset emails that they did not initiate, including multiple crypto industry accounts and some media professionals. Some users received up to 10 such emails within a few hours. Crypto investor Nic Carter stated that a large number of users are receiving X password reset requests and recommended enabling X's "Password Reset Protect" feature. Crypto user cap.eth said that even with two-factor authentication enabled, someone is still attempting to reset their password. Currently, there is no evidence that X's system has been compromised or that a large-scale account takeover has occurred. X's security mechanism allows attackers to initiate password reset requests using only public usernames, after which X sends a reset email to the linked email address. Therefore, receiving the email does not necessarily mean that the user's email address has been leaked. X has not yet publicly responded to this abnormal password reset request, nor has it confirmed any coordinated attack activity or security incident. Industry insiders advise users to check their account security settings and enable the password reset protection feature.
According to The Information, informed sources revealed that Elon Musk has made adjustments to the team responsible for data center construction at SpaceX in recent weeks, replacing several leaders and transferring executives from the rocket and satellite internet business to strengthen data center infrastructure development.Two informed sources stated that this data center reorganization was due to some civil engineering issues and ongoing reliability problems at the existing data center facilities of SpaceXAI located in Tennessee and Mississippi.During the early stages of artificial intelligence infrastructure development, SpaceXAI acted hastily to quickly establish these data centers, resulting in some facilities operating for months without backup cooling and power systems. Informed sources indicated that this increased the risk of system outages.
Odaily News: Musk stated that bringing large AI data centers online requires building large-scale power generation facilities, transformers, liquid cooling loops, and cooling systems, as well as extremely complex network infrastructure, especially computing clusters for AI model training.
Earlier, Musk said that amid increasingly tight power supply, Google and Anthropic are renting AI computing power from SpaceX, and claimed that SpaceX is currently ahead of other companies in the efficiency of deploying AI computing infrastructure.
On-chain data analysis platform Glassnode posted on X that Bitcoin and the stock market are decoupling, with the correlation between Bitcoin and the S&P 500 approaching a nearly two-year low.Glassnode stated that the close relationship with stocks that previously defined the recent downward trend is fading.
Odaily News: predict.fun announced on X that it has launched the Predict Developer Dashboard, a self-service portal for creating applications, generating keys, and managing usage and rate limits. Through this interface, users can manually apply for higher usage-based tiers and import existing keys. Predict.fun has also implemented "trade burst" limits to restrict the number of calls to create and cancel orders per second. This limit is enabled by default for new applications, and for existing applications, it will be applied the next time users apply for rate limits.
Predict.fun posted on platform X that it has launched the Predict Developer Dashboard, a self-service portal for creating applications, generating keys, and managing usage and rate limits. Through this interface, users can manually request higher usage-based tiers and import existing keys.Predict.fun has also implemented "trade burst" limits to restrict the number of calls for creating and canceling orders per second. New applications have this limit enabled by default, while existing applications will have this limit applied the next time the user requests rate limits.
According to Cointelegraph, cybersecurity company Morphisec has revealed that a counterfeit desktop application disguised as "Claude Opus 5 Free Desktop" from Anthropic is being used to spread the Windows malware RevStealer. This software can steal data from over 50 types of cryptocurrency wallets, while also collecting sensitive information such as browser passwords, cookies, VPN configurations, message logs, and screenshots.RevStealer has anti-detection mechanisms that perform environmental checks on the target device before execution; if it detects characteristics of a debugging or virtual environment, it will stop running. In addition, Russian cybersecurity company Kaspersky has also disclosed another new malware framework targeting cryptocurrency investors called OkoBot, which can harvest wallet files, inject malicious extensions, and capture wallet application windows to steal assets.
According to The Defiant, the tokenized credit fund HINC launched by Securitize in collaboration with Neuberger is now live on the Solana lending protocol Loopscale as collateral, allowing qualified investors to borrow USDG stablecoins without redeeming their holdings. HINC was launched on August 18 on Avalanche, Ethereum, Solana, and Sui, primarily holding assets such as high-yield corporate bonds, CLO tranches, and bank loans, with a minimum subscription of $100,000 and a fee rate of 0.6%, available only to qualified investors and qualified purchasers.Mary Gooneratne, co-founder of Loopscale, stated that HINC brings a fundamentally different type of collateral to the Solana credit market, supporting actively managed high-yield strategies that indicate on-chain lending can surpass crypto-native assets and short-duration instruments. RedStone uses its Trusted Single Source Oracle standard to price HINC, publishing the manager's daily NAV in a signed, timestamped, on-chain format for protocol verification and triggering liquidation events. Loopscale currently has a TVL of approximately $91.3 million and active loans of $55.9 million, ranking 27th on DefiLlama.HINC is the third Securitize product to go live on the protocol, following Apollo's tokenized credit fund ACRED and Securitize's own publicly listed stock SECZ on the NYSE as collateral.
Odaily News: Qualified investors can pledge HINC shares to borrow USDG without redeeming their holdings. HINC holds high-yield corporate bonds and CLO tranches, with Neuberger Berman as sub-advisor, and a minimum subscription threshold of $100,000. Loopscale has previously supported ACRED and SECZ as collateral. HINC's net asset value is updated daily by RedStone and posted on-chain, which Loopscale uses for pricing and triggering liquidations. Currently, Loopscale's total value locked is $91.3 million, with active loans of $55.9 million.
Odaily News: 21 international financial institutions have announced plans to establish a new company in the second half of 2026 to promote the issuance of stablecoins, with the specific name to be announced later. The company will initially focus on USD-denominated stablecoins, with future plans to expand to more G7 currencies, prioritizing the euro stablecoin. Participating institutions include Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, Deutsche Bank, UBS, Wells Fargo, BBVA, Santander, MUFG Bank, and others. The stablecoin initiative targets wholesale, institutional, and retail markets, and will be applied in scenarios such as cross-border payments and digital asset settlement. The group stated that the stablecoin solution will combine bank-grade compliance, governance, and institutional risk management capabilities, and plans to comply with relevant regulatory requirements such as the U.S. GENIUS Act and the EU's MiCA, with the goal of launching the stablecoin product in the first half of 2027.
Odaily News: This funding round was led by Gumi Cryptos Capital, with participation from Maven 11, Metalayer, Joint Effects, and Tribe Capital. Alkemya Metacore primarily holds ultra-high-purity nickel wire with a length of approximately 7 million meters, a purity of 99.99%, and a diameter of 0.025 millimeters. This asset has been independently verified to be valued at approximately $1.64 billion and is currently held in institutional custody in Lugano, Switzerland. The company plans to process the nickel wire into engineered mesh products for applications in electromagnetic shielding, aerospace and defense, marine and desalination, power and industrial, semiconductors, green hydrogen, and precious metal recovery. It will also raise additional funds by issuing tokenized equity, ALKN. ALKN is issued by Alkemya Metacore SCSp in Luxembourg and is planned to be traded on regulated platforms such as Bitfinex Securities. The new offering price is $1 per token, aimed at institutional and professional investors, with the offering deadline set for October 15. According to the revenue distribution mechanism, investor capital will receive full repayment first, along with a preferred return of 6% per annum compounded annually. Commercial business profits will be shared between token holders and partners in an 80:20 ratio.
CoinDesk reported that 21 major global banks, including Bank of America, Citigroup, Goldman Sachs, Deutsche Bank, and UBS, have committed to establishing a joint stablecoin company.The plan aims to launch a dollar-pegged stablecoin and is scheduled to go live in the first half of 2027.
Alkemya Metacore announced the completion of a $50 million pre-IPO financing and plans to further raise funds by issuing tokenized equity ALKN. This round of financing was led by Gumi Cryptos Capital, with participation from institutions such as Maven 11, Metalayer, Joint Effects, and Tribe Capital.Alkemya Metacore possesses approximately 7 million meters of ultra-pure nickel wire with a purity of 99.99%, with a diameter of only 0.025 millimeters, independently verified to be valued at around $1.64 billion, and the assets are currently custodied by an institution in Lugano, Switzerland. The company plans to use the financing to process the nickel wire into engineered mesh products for applications in electromagnetic shielding, aerospace and defense, marine and seawater desalination, power and industry, semiconductors, green hydrogen, and precious metal recovery.The ALKN token will be issued by Luxembourg's Alkemya Metacore SCSp and is planned to be traded on regulated platforms such as Bitfinex Securities. The new round of ALKN is priced at $1 per token, aimed at institutional and professional investors, with a subscription deadline of October 15. According to the revenue distribution mechanism, investor capital will be prioritized for full return and will receive a preferred return calculated at an annual compound interest rate of 6%, while business profits will be shared between token holders and partners at an 80:20 ratio. The company stated that tokenized securities will help it reach global investors and provide an around-the-clock on-chain trading channel for traditional physical assets.