News linked to this event type.
Odaily News: Coinbase Chief Policy Officer Faryar Shirzad has written an article rebutting the American Bankers Association's concerns about stablecoin rewards, stating that existing data does not support the claim that stablecoin platforms paying rewards will lead to deposit outflows from community banks and weaken local credit. Current law already permits such rewards, and Coinbase has been paying rewards to USDC users for over four years. Faryar Shirzad noted that from June 2019 to March 2026, community bank deposits grew by 26%, an increase of approximately $482 billion; research by Charles River Associates and the Council of Economic Advisers similarly found no significant relationship between stablecoins and bank deposits. The modification the American Bankers Association is requesting does not concern technical details in the CLARITY Act. The current text prohibits users from receiving returns solely for holding idle funds, but allows rewards for genuine activity; the amendment proposed by the American Bankers Association could expand restrictions to ordinary stablecoin use cases, and leave questions such as whether merchant rebates constitute bank interest to be decided by regulators and litigation. Faryar Shirzad calls for maintaining the existing compromise and passing the CLARITY Act, stating that the bill would grant banks new authorities in custody, staking, lending, payments, clearing, and market making.
One-stop AGI infrastructure platform B.AI released its latest ecosystem data: On August 25 alone, the platform added 23,432 new API users, bringing the cumulative total over the period to 79,500. Daily token throughput exceeded 594.71 billion, with cumulative API calls reaching 74.108 million and total throughput surpassing 3 trillion tokens. Both core metrics simultaneously set new historical records.
Alibaba Qwen has released the Qwen3.8-Flash model. As described, this is a multimodal MoE model and an early preview of the Qwen4 architecture. The production version of Qwen3.8-Flash will soon be available via the Qwen Cloud API, priced at just $0.16 per million input tokens and $0.47 per million output tokens. With 125 billion parameters plus 51 billion N-gram embedding parameters, it activates only 6 billion parameters per token, achieving extremely high cost efficiency.
Odaily News Digital asset manager Grayscale Investments' Chief Legal Officer Craig Salm stated that the company's Zcash investment product has been upgraded to the world's first Zcash Exchange-Traded Product (ETP), marking a move of privacy-focused crypto assets into broader compliant investment channels. Following the launch of this Zcash ETP, investors can gain exposure to ZEC through SEC-registered traditional financial products. Grayscale noted that this signifies the Zcash ecosystem, after nearly a decade of development, is entering a new phase of institutionalization.Salm recalled that Grayscale launched the Zcash Investment Trust in 2018, when the ZEC trust product was just one of four products offered by the company. After years of regulatory engagement, the product was recently converted into the Zcash ETP, with the ticker symbol ZCSH. The process of bringing the Zcash product to the public market was not easy. Due to ZEC's privacy features, the company underwent greater regulatory scrutiny when launching its first publicly quoted Zcash fund in 2021, but ultimately completed the product rollout.Data shows that the adoption rate of Zcash's private transaction features has been steadily rising recently. In February 2026, ZEC shielded transactions reached an all-time high of 59.3% of total transactions, and after the latest Ironwood upgrade, it has again approached this level. Currently, the shielded pool holds approximately 4.4 million ZEC, accounting for about 26% of the circulating supply.
Odaily News - Ripple's stablecoin RLUSD has surpassed a $2 billion market cap, becoming one of the fastest-growing projects in the stablecoin market.Data shows that RLUSD's total issuance currently stands at approximately $2 billion, with about $963 million deployed on the XRP Ledger and approximately $1.1 billion issued on the Ethereum network. Ripple previously stated that RLUSD will integrate with its global payment network to provide enterprises and financial institutions with more efficient on-chain liquidity solutions. (CoinDesk)
Odaily News Digital asset infrastructure provider Taurus has connected its tokenization and custody platform to Swift's blockchain-based ledger, allowing clients to use bank-issued tokenized deposits for payments through their existing digital asset infrastructure.Taurus stated that the first client integrations are expected to go live within days, with the first distributed ledger technology transaction facilitated by its platform expected to be completed within weeks.International payment network Swift announced in July that its ledger was ready for initial use, with 17 banks from six continents piloting real-time transactions using tokenized deposits. Standard Chartered and HSBC have completed the first real-time cross-border transaction on the ledger. (Cointelegraph)
Odaily News: Digital asset infrastructure service provider Taurus SA announced that its tokenization and custody platform has completed integration with Swift's blockchain-based distributed ledger, the international bank communication network.Taurus stated that following this integration, clients can connect their existing digital asset infrastructure to Swift's blockchain ledger and conduct payment transactions using bank-issued tokenized deposits. The first batch of client integrations is expected to go live within days, with the first transactions based on this distributed ledger technology (DLT) expected to be completed within weeks.In July 2026, Swift announced that its blockchain ledger was ready for initial use, with 17 banks from six continents planning to pilot cross-border payments based on tokenized deposits through the system. Subsequently, Standard Chartered and HSBC completed the first real-time cross-border transactions supported by the ledger, establishing connectivity between their respective tokenized deposit systems.Swift stated that the blockchain ledger will serve as a coordination layer for cross-border payments, supporting round-the-clock transfers of tokenized deposits held on participating banks' balance sheets, while continuing to complete clearing through existing financial infrastructures such as real-time gross settlement (RTGS) systems during the final settlement phase. (Cointelegraph)
Odaily News - IBM announced today that it has completed the acquisition of HRL Laboratories, LLC (HRL), a leading research and development institution specializing in quantum computing, quantum sensing, advanced communications, electronics, manufacturing, and materials science. The acquisition also complements IBM's broader innovation and investment in quantum manufacturing and infrastructure. HRL's expertise in silicon-based quantum technology creates opportunities for future collaboration with IBM's pure-play quantum foundry, Anderon, supporting scalable manufacturing methods and accelerating learning cycles across multiple quantum computing paradigms. Boeing and General Motors (HRL's former owners) will continue to work with IBM and HRL on quantum applications and advanced technology development. Financial terms of the transaction were not disclosed.
Odaily News: Hyperscale Data, Inc. (NYSE: GPUS), an AI data center and Bitcoin-related enterprise, announced that its wholly-owned subsidiary Gresham Worldwide, Inc.'s radio frequency (RF) business secured approximately $5.4 million in new orders between July and August 2026, primarily from U.S. defense programs and prime defense contractors.These orders cover RF and microwave components supporting radar, electronic warfare, communications, and other mission-critical systems, and are expected to be produced and delivered by the relevant business units of Gresham Worldwide. The company stated that the new orders reflect the continued growth in demand for high-reliability RF technology and critical components in the U.S. defense sector. (PRNewswire)
Odaily News - At the 2026 Wyoming Blockchain Symposium, CZ stated that Trump had previously mentioned Hyperliquid, and that CFTC Chairman Mike Selig would look for a path to bring the platform into the U.S. market. CZ believes that if Hyperliquid can operate in the U.S. in a compliant manner, it will open the door for perpetual contracts and more decentralized services to enter the U.S., serving as a major positive for the entire crypto industry. CZ noted that because of his stake in Binance, outsiders tend to view him as a supporter of centralized exchanges, but his fundamental reason for entering the crypto industry is his belief in decentralization. Some users choose Hyperliquid because the platform allows them to use it via wallet without requiring a traditional account or KYC process. CZ said that Hyperliquid's entry into the U.S. will not only benefit itself—more decentralized products and companies in its portfolio will also benefit—and it will bring more liquidity to international centralized exchanges, giving U.S. users more competitive prices when buying and selling crypto assets. At this stage, the crypto market is far from saturated, and competition between platforms is not the primary issue.
According to TechCrunch, Accel-backed startup Keenable has recently closed a $26 million seed funding round and officially emerged from stealth mode. The round was led by Accel, with participation from Conviction Partners and several angel investors. Co-founded by Andrey Styskin, former head of search, AI, and cloud at Yandex, and German AI scientist Matthias Petri, Keenable is building web search indexing and retrieval infrastructure for AI agents.
Bitdeer released its July 2026 Production and Operations Update: The company has signed a 16-year, $4.7 billion artificial intelligence data center (AIDC) colocation lease agreement for its Tydal site in Norway, configured with 121 MW of IT capacity to operate Nvidia GPUs.
Bybit has added the TermMax (TMXUSDT) perpetual contract today, supporting up to 20x leverage.
Bybit today added three US stock perpetual contracts: Infleqtion (INFQUSDT), Direxion Daily S&P 500 Bull 3X ETF (SPXLUSDT), and T-Rex 2X Long MSTR Daily Target ETF (MSTUUSDT), supporting up to 25x leverage.
Odaily News, according to the official announcement, Bitget's equity contracts have launched MARA (MARA Holdings). The contract is settled in USDT and supports up to 20x leverage with 7×24-hour trading. As of now, Bitget supports a total of 292 perpetual equity contract trading pairs.
Odaily News: Hyperliquid co-founder Jeff Yan stated that the HyperCore manual borrowing feature has been launched on the testnet. Currently, all borrowing functions on the mainnet remain limited to portfolio margin mode. HyperEVM smart contracts can now access HyperCore lending and borrowing features via CoreWriter and read-only precompiled contracts.
Well-known crypto KOL Ansem published a post on pump.fun introducing Robinhood's on-chain DeFi protocol NetNet Capital. He stated that the NET token is backed by at least 1 USDG from the protocol's on-chain asset portfolio, and the protocol accumulates productive assets such as stablecoins and stocks through various mechanisms.
According to Bloomberg, China-based AI company Z.AI (Zhipu) confirmed on Wednesday that the mysterious AI model Ox Alpha, which has recently risen rapidly to the top of online usage charts, is a new iteration of its GLM series. Responding to a Bloomberg news inquiry, the company stated it would release the model weights for Ox Alpha tonight.
Australian Prime Minister Anthony Albanese said he has secured agreement from state and territory leaders, including Queensland which had previously opposed the proposal, to advance new regulations on energy use for AI data centers, targeting their implementation next year. Australia’s Federal Cabinet has agreed to set minimum requirements for data centers regarding their use of electricity, water, and land.
According to official statements, Lisk clarified that whether to migrate to Celo is entirely at the discretion of each project team based on their respective products, user base, and technical architecture, and is not mandatory. The Lisk Chain will shut down on October 31, 2026, and will remain operational and supported until that date.