News linked to this event type.
Odaily News: Circle CEO Jeremy Allaire stated that the Financial Accounting Standards Board's (FASB) proposed digital asset accounting rules are expected to serve as a significant strategic catalyst for institutional adoption of digital dollars like USDC. He noted that if these rules are combined with the GENIUS Act, USDC could be widely utilized by global enterprises and financial institutions, marking a strategically crucial development.
Odaily News: The Hyperliquid Policy Center has released a research report titled "Perpetual Futures as Complements to Dated Futures," stating that perpetual futures can expand market risk management tools and improve price discovery efficiency, rather than squeezing out traditional dated futures markets.The report points out that the biggest difference between perpetual contracts and traditional futures is that they have no expiration date, meaning traders are not forced to roll over positions and can gain continuous exposure to asset prices through a single contract, making them better suited for around-the-clock trading. As perpetual futures enter the U.S. market for the first time, there has been concern over whether they would divert liquidity from traditional futures.The Hyperliquid Policy Center analyzed data from Bitcoin and on-chain WTI crude oil perpetual contracts, comparing perpetual contract prices during periods when traditional futures markets were closed against benchmark futures prices after markets reopened. The study covered 205 Bitcoin trading weekends and 19 weekends of on-chain crude oil perpetual contract samples.The research found that perpetual futures complement traditional futures in several ways:- Perpetual contracts can lower hedging costs by avoiding the additional expenses associated with rolling positions after traditional futures expire;- Perpetual contracts attract small-scale trading demand that traditional futures struggle to cover—for example, the median trade size for on-chain crude oil perpetuals is approximately $1,300, roughly 1/100th of traditional WTI futures;- Perpetual markets provide effective price discovery during periods when traditional markets are closed, with weekend prices typically being validated by benchmark market prices upon reopening;- During extreme market conditions, perpetual contracts help investors continuously manage risk—for instance, during the weekend of significant crude oil volatility in March 2026, using on-chain crude oil perpetuals for hedging could significantly reduce potential losses;- Data shows that after the launch of perpetual markets, no statistically significant negative impact was observed on traditional benchmark markets, with WTI futures spreads even narrowing after market reopening.
BitMart announced in a public statement that it is developing a potential restructuring plan as an alternative to a complete shutdown. The plan may include the phased resumption of certain operations under an orderly arrangement and distributions to creditors, but will still require further legal, financial, operational, and regulatory assessments.
Odaily News BitMart has published an announcement regarding a potential restructuring and business recovery plan, stating that after further consultations with users, stakeholders, and professional advisors, BitMart is drafting a potential restructuring proposal as an alternative to a full liquidation. The proposal may include an orderly, phased resumption of certain business operations alongside asset distributions to creditors, with such arrangements still subject to further legal, financial, operational, and compliance assessments. To advance this process, BitMart has appointed White & Case LLP as restructuring legal counsel. White & Case will work with BitMart's other professional advisors to evaluate viable options and assist in developing a potential restructuring plan, including a framework for the phased resumption of operations. A roadmap is currently being developed with the advisory team, with the goal of releasing further updates no later than September 9, 2026.
Odaily News: Binance has announced that two employees previously questioned by authorities in the UAE have completed their statements and been permitted to leave, and have now been confirmed not to be targets of the related investigation. According to a Binance spokesperson, the employees were involved in providing explanations regarding third-party fund flows conducted through the company's client fund accounts. Binance stated that the UAE police and relevant authorities are conducting "routine inquiries," and the employees were cleared and released after providing the relevant information.Earlier reports indicated that two Binance employees were detained at an airport in the UAE, with police investigating potential financial crimes involving the trading platform. Binance responded that the operational mechanisms for crypto asset and institutional client fund accounts remain an emerging area in certain jurisdictions, and the company is actively communicating with Dubai police and regulatory authorities in other emirates to establish clearer coordination mechanisms. (Cointelegraph)
Odaily News, Strive Vice President Joe Burnett posted on X, stating that Bitcoin is the ultimate AI trade, as mass unemployment and a significant contraction in wealth will lead to massive currency issuance.In the accompanying article, Joe Burnett stated that traditional assets face dilution or competitive mechanisms as long-term stores of value: fiat currency supply expands with credit cycles, fiscal deficits, and central bank policies; stock profits attract competition, regulation, and technological disruption; rising real estate prices drive more construction; and higher gold prices stimulate more mining.He stated that Bitcoin's terminal supply is fixed, cannot be inflated in response to increased demand, belongs to no company, industry, or government, and is not someone else's liability. Human progress brings more output, efficiency, and wealth, and that wealth needs to flow into assets that cannot be diluted by issuance.Joe Burnett said that over the past ~17 years, Bitcoin has evolved from an open-source project into a globally recognized monetary network, outperforming most other asset classes over 4+ year cycles. Its volatility is tied to the growth process, but the supply rules remain unchanged. As the network expands and more capital enters, daily volatility may narrow.
Odaily News UBS has raised its S&P 500 index target, projecting a target of 8,100 points by December 2026 and further increasing to 8,400 points by June 2027, citing strong corporate earnings growth and sustained economic resilience.UBS expects S&P 500 companies' earnings per share (EPS) to reach $350 in 2026 and $400 in 2027, driven primarily by performance in the technology, semiconductor, and energy sectors.The bank continues to hold a positive outlook on U.S. economic resilience, the Federal Reserve's patient policy stance, and the accelerating adoption of artificial intelligence, believing there is still room for the current bull market to extend.However, UBS also flagged potential risks, including rising oil prices, resurgent inflation, and AI investment returns falling short of expectations, which could weigh on market valuations and upward momentum.
Odaily News比特币 rose to its highest level since May before the US market opened on Friday, briefly touching $79,400 during trading before hovering around $78,000, just one step away from the key resistance level of $80,000. US spot Bitcoin ETFs recorded net inflows of $606 million on Thursday, the highest level since May 1, boosting market risk appetite.James Butterfill, Head of Research at CoinShares, stated that this rally is primarily driven by macroeconomic factors rather than factors within the crypto market itself, noting that Bitcoin remains highly sensitive to changes in liquidity expectations and real yields. Previously, US inflation data came in below expectations, employment data weakened, and the US Treasury announced measures to push down long-term Treasury yields, all of which drove risk assets higher.Butterfill pointed out that $80,000 is an important demarcation line for Bitcoin at present. To form an effective breakout, the market needs further confirmation that the Federal Reserve's monetary policy is shifting toward easing, with related signals potentially released at next week's Jackson Hole symposium.However, he also cautioned that if inflation remains persistently high or the dollar weakens, the Fed may be forced to adopt a more cautious policy. Additionally, the scale of accumulation by large holders remains relatively limited, and the market still lacks strong confidence to support a sustained breakout. Going forward, US spot Bitcoin ETF fund flows and macroeconomic data performance will serve as key indicators for judging the sustainability of the trend. (CoinDesk)
Odaily News: Brian Armstrong, CEO of cryptocurrency exchange Coinbase, stated that crypto regulatory clarity will be advanced either through a Senate vote on September 15 or new federal regulatory rules on September 16, with both paths expected to move forward. The procedural vote on the CLARITY Act requires at least 60 votes of support.The digital asset market structure bill, the CLARITY Act, passed the U.S. House of Representatives on July 17, 2025, with 294 votes in favor and 134 against, but has since stalled in the Senate. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig has instructed staff to establish a registration category for "crypto asset markets," which may apply to digital asset trading platforms.Armstrong also stated that Bitcoin's price could likely reach $300,000 to $400,000 by 2030. He cited increased institutional adoption, Bitcoin's fixed supply, and improved crypto regulatory clarity in the U.S. as contributing factors. (Bitcoin.com News)
Odaily News: Injective, a Layer 1 blockchain, has had its institutional services division register as a securities transfer agent with the U.S. Securities and Exchange Commission (SEC). Injective states that this marks the first time a Layer 1 blockchain has obtained this type of registration, enabling regulated ownership records, transfers, distributions, and shareholder management services for securities.The registration covers four types of tokenized assets already launched—institutional funds, publicly listed company stocks, private company shares, and corporate accounts receivable—and allows related processes to utilize distributed ledger infrastructure while remaining compliant with U.S. securities regulatory rules.Injective has launched markets tied to digital asset treasury companies, publicly listed stocks, and shares of private companies such as SpaceX and OpenAI, and has introduced its tokenized asset issuance platform, Injective Mint Alpha.In July, South Korea's largest trading firm, POSCO International, and LG CNS, a technology company under the LG Group, selected Injective for a trade finance pilot. The plan involves tokenizing accounts receivable arising from international trade and completing their transfer, management, and settlement. (Bitcoin.com News)
OpenAI addressed the discrepancies in Codex usage limits, stating that it will not make unilateral changes without consulting the community. An official investigation revealed that most affected users were converting subscriptions into API traffic via sub2api for redistribution. This behavior is flagged by the fraud prevention system. OpenAI noted that using subscriptions normally through Sign in With ChatGPT on official or OSS clients (such as Pi and OpenCode) is completely fine.
According to a report by Caixin, the Hong Kong High Court of Appeal rejected the sentence reduction application of Ma Zhihao, the ringleader of an online fraud and human trafficking syndicate, yesterday, upholding the original 56-month imprisonment term. During the investigation, Hong Kong police traced the criminal funds through blockchain and cryptocurrency transaction records, pinpointing key transactions involving his receipt of ransoms and illicit proceeds. It is reported that the family members of a victim paid approximately 9,527 Tether (USDT) to a cryptocurrency wallet designated by the perpetrators. Blockchain tracking records conclusively proved that 8,127 USDT flowed into an exchange account registered under Ma Zhihao’s real name and Hong Kong identity card. The assets were subsequently converted into approximately HK$63,000 and transferred to his personal HSBC bank account, serving as crucial evidence of his participation in the crimes and his financial gains. The Court of Appeal noted that, were it not constrained by the seven-year maximum sentencing limit prescribed for the District Court, the penalties faced by the defendant would have been significantly more severe.
According to Cointelegraph, Capital Vault, an affiliate of trading platform Capital.com, has obtained a virtual asset license issued by the UAE's Capital Markets Authority (CMA), authorizing it to handle virtual assets and provide custody services as an agent or principal. Capital Vault will operate as an independent regulated entity, having already opened an office in Abu Dhabi and assembled a local virtual asset team. Once the service goes live, UAE users will be able to directly purchase and hold crypto assets via the Capital.com app, differing from its prior CFD business that only offered price exposure.
Odaily News Capital.com, a trading platform and contracts-for-differences (CFD) broker, has had its affiliated entity Capital Vault obtain a virtual asset license from the UAE's Capital Markets Authority (CMA), allowing it to conduct virtual asset trading as an agent or principal, as well as provide custody services to clients.Once the service goes live, UAE clients will be able to buy and hold crypto assets through the Capital.com app, with Capital Vault handling execution, custody, and settlement. This service is distinct from Capital.com's existing CFD products, which only offer price exposure and do not represent ownership of the underlying crypto assets.Capital Vault operates as an independent regulated entity, with its governance, custody, and risk arrangements separated from Capital.com's other businesses. It has established an office in Abu Dhabi and assembled a local virtual asset team.The approval follows the CMA's introduction of a virtual asset regulatory framework in April. The framework expands the number of regulated activities from three to eight, covering business conduct, alternative trading system requirements, anti-money laundering controls, and prudential standards. (Cointelegraph)
According to Yonhap News Agency, Shinhan Asset Management announced on August 21, 2026, that it has signed a four-party memorandum of understanding (MOU) with the Solana Foundation, a global blockchain network, the compliant tokenization issuance platform Etherfuse, and on-chain liquidity infrastructure provider Orca to jointly advance a full-process proof of concept (PoC) for the issuance and circulation of KRW-denominated tokenized funds. Referencing the model utilized by BlackRock's tokenized fund "BUIDL", the global asset management giant, the partnership aims to adapt this framework for KRW assets. The four parties will collaboratively verify KYC/AML compliance frameworks, blockchain operational models, security audit protocols, on-chain liquidity designs, and compliance with domestic and international regulatory requirements, including the Foreign Exchange Transaction Act.
Odaily News: MANTRA Chain officially stated that an incident affecting on-chain operations has occurred on the network. The team has paused the blockchain as a precautionary measure and is currently investigating. At present, all interfaces and transactions have been frozen, temporarily impacting users' ability to deposit or withdraw assets to and from MANTRA Chain. The root cause of the incident has not yet been confirmed, and no recovery timeline has been announced. MANTRA Chain will provide further updates through official channels once verified information is available.
According to Protos, HM Revenue and Customs (HMRC) sent over 81,000 warning letters to cryptocurrency holders suspected of owing taxes during the 2025/2026 fiscal year, nearly tripling the 27,714 dispatched in 2024. HMRC believes most of the unpaid taxes stem from capital gains realized during the bull market from 2022 to 2025. The letters remind users that selling, gifting, exchanging, or spending cryptocurrencies may trigger capital gains tax obligations, with violators facing penalties of up to 100% of the tax owed plus interest, and stricter penalties applying to offshore transfers. Additionally, HMRC expects to gain new powers next year to compel foreign crypto platforms to disclose user information, projecting an additional £3.15 billion in tax revenue by 2030.
Odaily News: The Hungarian Parliament has passed Bill No. XXXVIII of 2026, abolishing legal provisions related to crypto asset conversion services, including the verification requirements that European exchanges had to pass before legally operating in Hungary. The bill was voted through on July 31 and went into effect on August 7.The abolition also removes two crypto asset-related criminal charges: unauthorized trading of high-value crypto assets, which carried a maximum sentence of 5 years in prison, and providing crypto asset exchange services in violation of verification obligations, which carried a maximum sentence of 8 years in prison. These provisions were said to duplicate the EU's MiCA framework. (Bitcoin.com News)
Odaily News: Brian Armstrong posted on X platform that regulatory clarity seems inevitable either way: first, the U.S. Senate secured over 60 votes on September 15; second, the CFTC and SEC will release a new set of rules on September 16.
According to The New York Times, two Binance employees were recently intercepted by authorities at airports in the United Arab Emirates and briefly detained, but have since been released. One mid-level employee was taken to a police station and held overnight after transiting through Sharjah earlier this month, while an executive at Binance’s Dubai subsidiary was questioned by police in July. According to insiders, the actions stem from a local police investigation into suspected financial crimes involving the Binance platform. The UAE is home to Binance’s primary regulatory authority, and this incident underscores the mounting legal pressure the company faces in the region. Binance has long been scrutinized by law enforcement agencies in multiple countries for struggling to prevent criminals from exploiting its platform.