News linked to this event type.
Binance founder Changpeng Zhao stated that he attended the third formal meeting of the National Crypto Council, chaired by Kyrgyzstan President Sadyr Japarov. The meeting covered topics such as crypto regulation, compliance, anti-money laundering and anti-fraud, stablecoins, and tokenization pilots.
The Polish Chamber of Deputies failed to reach the required voting threshold to override the President's third veto on national cryptocurrency legislation. Meanwhile, Prime Minister Tusk revealed that the Zondacrypto case involves political funding arrangements, with related bankruptcy liquidation proceedings set to commence shortly.
Odaily News According to Odaily, Prediction market platform Kalshi has not yet filed its response with the U.S. Supreme Court, with a 30-day deadline for its response to New Jersey's September 2 filing. New Jersey is asking the court to determine whether states can regulate sports betting offered on exchanges registered with the Commodity Futures Trading Commission (CFTC), as the Third Circuit Court of Appeals and the Ninth Circuit Court of Appeals are split on the issue.Kalshi CEO Tarek Mansour stated that the CFTC will issue new rules within the coming weeks or months to further clarify Rule 40.11. Kalshi's litigation lead Jovy Dedaj and spokesperson Dani Lever also noted that the Ninth Circuit's ruling was primarily based on regulatory provisions currently being rewritten.In June, the CFTC proposed replacing its blanket prohibition on betting contracts with case-by-case public interest reviews, under which sporting events would be classified as gambling, though most game outcomes and special wager contracts could still be permitted. After Kalshi submits its response, New Jersey will have 10 days to reply, and the Supreme Court typically schedules a conference to consider the case about a month thereafter. (Bitcoin.com News)
Hong Kong Securities and Futures Commission Chief Executive Officer Nancy Chan stated that artificial intelligence (AI) and RMB internationalization are the “twin engines” driving economic growth and serve as key forces propelling Hong Kong’s financial markets into the next phase of development. Hong Kong should unlock AI’s potential through responsible innovation and strengthen AI governance. As generative AI rapidly evolves into agentic AI, regulators should further front-load human accountability into system design. The HK SFC is considering issuing additional guidance to assist institutions in implementing existing regulatory principles within agentic AI systems. This is not intended to prescribe technical design details, but rather to clarify the regulatory outcomes the SFC expects to achieve: clearly delineating responsibilities and ensuring effective human oversight; establishing controlled access permissions and defined usage scopes; conducting rigorous testing prior to deployment followed by continuous monitoring; ensuring operational resilience; and promptly reporting issues and taking corrective measures when problems arise. Additionally, the HK SFC will continue its digital transformation efforts, including shortening licensing processing times and enabling earlier detection of misconduct and fraudulent activities.
Odaily News: Connecticut Attorney General William Tong and State Banking Commissioner Jorge Perez issued a consumer alert on September 3 stating that a resident deposited $200,000 into an unregulated DeFi crypto trading platform following suspected deception, and the funds are currently unrecoverable.The alert lists seven offshore DeFi platforms—GMX, Gains Network, dYdX, Aevo, Drift Protocol, Vertex Protocol, and Hyperliquid—but does not specify that the resident used any of them.Connecticut officials noted that some platforms offer leverage of 50x, 100x, and up to 250x; the related perpetual contracts also involve risks associated with liquidation, funding rates, smart contracts, and oracles.The alert also covers perpetual contracts linked to Apple, Tesla, Nvidia, and SpaceX, stating that these correspond to synthetic prices rather than actual stocks. Officials remind residents to verify the registration status of crypto services, retain transaction and communication records, and promptly report suspected scams. (Bitcoin.com News)
According to reports from Caixin, multiple sources revealed that the Hong Kong Securities and Futures Commission has visited the offices of Huatai Financial Holdings (Hong Kong) located at The Center in Central to conduct an investigation, with some employees questioned. The inquiry stems from the possibility that certain clients' trades at the securities firm may be connected to the insider trading incident involving US stock options at Futu Holdings and Tiger Brokers in May this year. Late yesterday evening, a source close to Huatai Financial Holdings (Hong Kong) stated that the SFC's investigation has nothing to do with the company itself and only involves individual clients. Unlike the mainland's securities trading regime, regulators in the Hong Kong market cannot directly see through to the trading activities of brokerage clients from the exchange. Therefore, investigating improper trading practices by broker clients typically requires cooperation from the securities firms. Previously reported, the Futu-Tiger options insider trading case has identified 45 individuals, with combined illicit profits totaling $155 million.
Odaily News, Circle has published a statement on the cirBTC reserve mechanism, stating that each cirBTC is backed 1:1 by one native BTC and can be redeemed for native BTC at a 1:1 ratio. The corresponding BTC is held by Circle-affiliated entities and custodied by Circle National Trust, which is regulated by the Office of the Comptroller of the Currency (OCC). The reserve assets are segregated from Circle's corporate assets and are used solely to protect the interests of cirBTC holders. cirBTC is currently live on Ethereum and will receive native support once the Arc mainnet launches, with future expansion to more blockchains. Circle also provides on-chain reserve verification through a public BTC reserve address and the Chainlink Proof of Reserve mechanism, allowing market participants to compare the scale of reserved BTC against the circulating supply of cirBTC across all supported chains.
Odaily News – Crypto journalist Eleanor Terrett stated that the National Sheriffs' Association (NSA) has adjusted its position on the CLARITY Act from opposition to neutral, becoming the last major police organization to change its stance among those that previously opposed the bill. Terrett noted that as recently as July 31, the NSA had called the bill "harmful" and strongly criticized the BRCA's provisions protecting non-custodial software developers. This shift likely reflects extensive behind-the-scenes communication between the White House and the organization over the past few months. While the NSA's move to neutral does not constitute formal support for the bill, it is widely seen as clearing yet another hurdle on its path to the Senate procedural vote on September 15.Terrett added that the National District Attorneys Association and the National Association of Assistant United States Attorneys are still expected to hold their positions, with both demanding a significant narrowing of the BRCA's protections for non-custodial software developers. However, the White House, the Treasury Department, some members of Congress, and the crypto industry are all unwilling to accept such changes. Additionally, Democratic Senator Catherine Cortez Masto, who previously supported the prosecutors' proposed amendments, has not yet publicly changed her stance.
Odaily News: According to three sources familiar with the matter, the White House has reviewed potential candidates for four vacant commissioner seats at the CFTC, though it remains uncertain when or whether formal nominations will be made. Currently, the CFTC has only one commissioner, Chairman Michael Selig, whereas the agency is typically composed of five bipartisan commissioners.The vacant commissioner seats have become a point of contention in CLARITY Act negotiations. Democratic lawmakers argue that at a time when the bill seeks to expand and delineate the regulatory authority of the SEC and CFTC over digital assets, both agencies are facing significant vacancies. The Senate is expected to hold a key procedural vote on the CLARITY Act on September 15. Sources familiar with the matter stated that a White House commitment to fill CFTC vacancies could serve as one of the conditions to secure Democratic support. Even if the bill advances in the Senate, due to the fall congressional session and midterm election schedule, the legislation could still be delayed until the lame-duck session following the November elections.
Odaily News – U.S. President Trump stated that his administration is pushing the decentralized perpetual contract trading platform Hyperliquid to enter the U.S. market in a "fully compliant and legal manner." Last month, Trump said the U.S. Commodity Futures Trading Commission (CFTC) would work to facilitate Hyperliquid's entry into the U.S. market. Subsequently, Payward, the parent company of Kraken, announced it is cooperating with the CFTC to offer registered U.S. users certain crypto perpetual contract products related to Hyperliquid's market and its underlying Layer 1 blockchain through the CFTC-regulated platform Bitnomial.Nansen research analyst Nicolai Sondergaard believes this arrangement could allow Hyperliquid to provide some of its underlying technology, liquidity, or market design without directly opening its existing platform to U.S. users—essentially building a standalone U.S. market product around Hyperliquid's infrastructure. He noted that U.S. users may have access to fewer markets, lower leverage, and more conservative risk controls. At the same time, he opposes comprehensive KYC implementation, arguing that a one-size-fits-all KYC approach would undermine legitimate users' privacy and permissionless access rights, and would push liquidity toward offshore markets.
Odaily News - Prediction market platform Polymarket launched its perpetual contract product, Polymarket Perps, on September 3. The initial offering covers 10 contracts including Bitcoin, Ethereum, Solana, HYPE, Gold, Silver, WTI Crude Oil, S&P 500, Nasdaq 100, and a contract tracking SpaceX stock, expanding to 67 markets within hours.The product has no expiration date, with contract prices continuously tracking the underlying assets. It maintains anchoring to spot prices through funding rates settled hourly, with funding rate caps at 4% per hour in both directions. Cryptocurrencies, the S&P 500, crude oil, gold, and silver support up to 20x leverage, while individual stocks and other real-world assets support up to 10x.U.S. traders are unable to place Perps orders and will be directed to Polymarket US, which is regulated by the Commodity Futures Trading Commission (CFTC). This arrangement stems from Polymarket's 2022 settlement with the CFTC, in which the company was fined $1.4 million for operating an unregistered swap execution facility and was required to cease related non-compliant contracts. (Decrypt)
Odaily News – Coinbase Derivatives and Coinbase Financial Markets, subsidiaries of cryptocurrency exchange Coinbase, respectively submitted Form 1-N and Form BD-N to the U.S. Securities and Exchange Commission (SEC) on September 1, with plans to launch single-stock perpetual contracts in the United States.Coinbase Chief Policy Officer Faryar Shirzad stated that the relevant products still require approval from the U.S. Commodity Futures Trading Commission (CFTC) in the next step. The two filings pertain to registration as a security futures exchange and a limited-purpose security futures broker, respectively.Since March 20, Coinbase has offered non-U.S. users 10x perpetual contracts on stocks such as Apple, Nvidia, and Tesla, settled in USDC and supporting 24-hour round-the-clock trading. U.S. users were previously explicitly excluded from this product. (Bitcoin.com News)
US President Trump publicly stated that the current interest rate level in the United States should be further lowered, targeting a range of 1% to 0.5%. This statement directly signals the direction of U.S. macro monetary policy and will have a significant impact on dollar assets and global financial markets.
The National Sheriffs' Association (NSA) announced that it will shift its stance on the Clarity for Digital Assets Act from opposition to neutrality, stating it will allow the legislative process to proceed.
Odaily News: Blockchain-native fintech startup OpenReserve received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) on September 2 to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a minimum Tier 1 leverage ratio of 12% for three years after opening. It must also commence operations within 18 months, or the approval will lapse. The relevant deadlines are September 2027 and March 2028, respectively.OpenReserve plans to offer tokenized deposits, treasury management, foreign correspondent banking, and Banking-as-a-Service for institutional clients. The full-service national bank charter, upon final approval, would allow it to accept deposits and conduct lending activities.OpenReserve previously completed a $25 million seed funding round led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures, among others. The company plans to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but that subsidiary has not yet filed an application with the OCC. (Decrypt)
Odaily News: Bitcoin News posted on the X platform that a new analysis by the Cornell Tech Policy Institute estimates that exempting capital gains tax on small digital asset purchases could increase U.S. federal revenue by about $859 million over the next 10 years. The S. 2207 bill proposed by Senator Cynthia Lummis would exempt qualifying purchases under $300 from capital gains recognition, with an annual cap of $5,000 on exempted capital gains. According to the study, under core assumptions, every $100 in qualifying benchmark payments would generate $3.18 in net federal revenue.
According to the first Annual Assessment Report on Fraud Reporting (fiscal year 2025/26) released by the City of London Police, AI-related fraud reports surged from 193 to 956, marking a 395 percent increase, while related losses skyrocketed from £1.2 million to £9.6 million. The report indicates that criminals are extensively leveraging AI-generated videos, voice cloning, and spoofed websites to carry out investment fraud, and are using cryptocurrency to transfer illicit proceeds. Between January and June 2026, over 180,000 victims received case outcome notifications, with the average review time compressed from 37 days to 5 days. The City of London Police has urged all victims to actively report incidents via the Report Fraud platform to assist law enforcement in identifying emerging threats and safeguarding more potential victims.
Balancer (@Balancer) officially announced that the Balancer team sent an on-chain message to known addresses involved in the Balancer V1 vulnerability incident on September 4. Following industry best practices, the message provides a contact channel for the hackers and requests the return of the stolen funds. The team stated that affected users are waiting for further updates, the investigation is ongoing, and related progress will continue to be disclosed.
According to CoinDesk, Hargreaves Lansdown, the UK's largest retail investment platform managing over $200 billion in assets, announced it will make nine Bitcoin and Ethereum exchange-traded note (ETN) products available to its two million customers. Providers include BlackRock iShares, CoinShares, WisdomTree, 21Shares, Invesco, and Bitwise, with annual fees ranging from 0% to 0.35%. This move comes less than a year after the platform previously warned customers against investing in cryptocurrencies, reflecting a policy adjustment following the UK Financial Conduct Authority (FCA) lifting its retail ban on crypto ETPs in October 2025. The platform requires new buyers to complete a suitability assessment and wait 24 hours before trading.
Odaily News: In May of this year, OpenAI agents大规模edited the German programmer community website DseWiki without authorization, transforming it into a "message board" for other AI agents to communicate. This incident had never been publicly disclosed before.Researchers found that the website had over 15,000 editing operations performed by AI agents. Related information shows that these agents not only exchanged solutions for tasks but also discussed how to bypass OpenAI's restrictions, evade detection, and use tools like Tor to hide their activities. When site administrators began deleting related pages, some agents created backup pages to avoid cleanup. About half of the related accounts used names hinting at a connection to OpenAI, such as "OpenAIResearcher" and "OAIResearchMar26." Public server logs reveal that a significant amount of activity came from Microsoft Azure infrastructure, and OpenAI employees also visited the website multiple times after the incident.Some internal investigators at OpenAI wanted to further investigate the incident, but expanding the investigation was reportedly met with resistance from certain individuals, including legal advisors. OpenAI denied that its legal team blocked the investigation and stated that it has not yet had the opportunity to review the relevant reports, and therefore cannot make a substantive response to the allegations contained therein.Researchers believe that this incident highlights the risks of unauthorized collaboration, regulatory circumvention, and hidden behavior that may emerge as AI agents' autonomous capabilities increase. Researchers at the University of Cambridge stated that what may be more concerning is not a single superintelligent system, but rather "large-scale groups of semi-intelligent AI agents collaborating with each other." (Reuters)