News linked to both this project and an event.
The US SEC plans to establish a five-year exemption period, allowing compliant platforms to trade actual US stocks using blockchain and liquidity pools, while imposing strict trading volume caps and issuer veto rights.
SEC Chairman Paul S. Atkins issued a statement today announcing that an "innovation exemption" will provide a temporary, conditional regulatory exemption for on-chain trading of certain tokenized NMS stocks. However, Chairman Atkins indicated that the exemption requires meeting four key conditions: First, qualifying tokenized securities venues (TSVs) must be U.S. entities and comply with the economic and trade sanctions rules of the U.S. Office of Foreign Assets Control (OFAC); Second, a permissioned access model must be implemented, allowing only qualified participants to trade tokenized NMS stocks; Third, trading of synthetic tokenized stocks is prohibited; relevant tokenized stocks must be tokenized by the underlying stock issuer or an unaffiliated third party, and holders must enjoy the same rights as traditional securities, including dividend and voting rights; Fourth, issuers retain the right to object to and block the trading of their securities on TSVs, and the anti-fraud and anti-manipulation provisions under federal securities law remain fully applicable to related securities activities.
Odaily News: The U.S. Securities and Exchange Commission (SEC) stated that tokenization is expected to reduce costs in market infrastructure links such as issuance, trading, transfer, settlement, and ownership records, while enhancing transparency and liquidity. The SEC today approved a temporary, conditional "Innovation Exemption," allowing tokenized stocks to conduct limited trading on certain on-chain venues—Tokenized Securities Trading Venues (TSVs).It is reported that qualifying TSVs can conduct approved trading through automated market makers and liquidity pools, but must meet requirements including public disclosure, trading transparency, circuit breaker coordination, record-keeping, and technical safeguards, while being subject to limits on the number of ticker symbols and trading volume. The SEC stated that this move aims to observe the operations of on-chain trading venues and market participants, providing a data basis for formulating long-term regulatory rules in the future.
According to Crypto in America, the U.S. Securities and Exchange Commission (SEC) officially launched the Innovation Exemption on September 17, providing a compliant pathway for trading tokenized U.S. listed stocks on blockchains. Qualified platforms (i.e., Tokenized Security Venues, TSV) can conduct tokenized stock trading on permissionless public blockchains via Automated Market Makers (AMM) and liquidity pools without registering as national securities exchanges. The exemption is valid for five years and covers only actual tokenized stocks with full shareholder rights (including dividends and voting rights), explicitly excluding "synthetic" products that merely track prices.
According to an announcement on Payward's official website, Payward, the parent company of Kraken, has announced plans to deploy on-chain perpetual futures products to U.S. customers via the Hyperliquid HIP-3 market, becoming the first registered exchange or clearing agency to launch a market on the protocol for U.S. clients. Payward's CFTC-regulated entity Bitnomial will serve as the HIP-3 deployer, responsible for creating, managing, and clearing and settling contracts. NinjaTrader Clearing will take charge of client accounts, restricting participation exclusively to users who have completed the NinjaTrader account opening process and passed the whitelist review.
Odaily Report: CoinEx has issued an announcement stating that after careful evaluation, due to factors including the prolonged downturn in the crypto market, the significant contraction in overall industry trading volume and liquidity, and the continuously rising regulatory requirements and compliance costs, CoinEx has decided to cease operations and will enter an orderly wind-down process starting September 15. CoinEx stated that its current asset reserve ratio exceeds 100%, and all user assets are fully backed by sufficient reserves.According to the arrangement, CoinEx will cease all non-spot business on September 22, halt all spot trading on September 29, and CoinEx Smart Chain (CSC) and OneSwap will also cease operations on the same day; withdrawal services will continue until December 22, at which point the CoinEx trading platform will officially cease operations. CoinEx Wallet and CoinEx Vault are not affected by this shutdown and will continue to provide services as normal.
Odaily News According to blockchain analysis firm Chainalysis, France's potential taxable cryptocurrency activity in 2025 is estimated at $9.4 billion, comprising $5.2 billion in payments, $2.5 billion in capital gains, and $1.7 billion in mining and staking income.French taxpayers declared only €368 million in net gains for the 2024 tax year, involving approximately 24,000 individuals—up from about 7,700 people and €150.8 million the previous year. Chainalysis noted that in some countries, the rate of non-compliance with crypto tax obligations may exceed 90%.The EU's Eighth Administrative Cooperation Directive (DAC8) took effect on January 1, 2026, requiring crypto service providers to collect user identity and transaction data. Member state tax authorities will begin cross-border exchanges of relevant records from September 30, 2027. The CARF currently covers approximately 14% of potentially taxable on-chain activity globally. (Bitcoin.com News)
Odaily News - The Ave × BNB Chain × Four.meme bStocks trading competition has now introduced a rules update, adding Four.Meme 4Stock mode to the event's eligible scope.4Stock is an innovative Meme trading mode created by Four.meme based on stock narratives, combining traditional market hotspots with the on-chain Meme ecosystem to deliver a brand-new trading experience for users.Starting September 8, trading volume generated from participating in and trading Four.Meme 4Stock-related assets will be counted toward the event's valid trading volume. Users who meet the rules can compete on the leaderboard for a share of the total 150,000 USDT trading competition prize pool, which includes a 50,000 USDT Four.meme exclusive prize pool.In addition, individual participants in the competition can win up to 20,000 USDT in rewards.
Odaily News: The U.S. Federal Bureau of Investigation (FBI), combining blockchain analysis, human intelligence, and court orders, tracked and seized over $560,000 in cryptocurrency originally intended for Hamas. The investigation involved shared wallets, cross-chain bridges, exchanges, and stablecoin accounts.Three seizure actions took place in March, June, and October 2025. Investigators discovered that multiple donation addresses linked to Hamas' military wing, the Al Qassam Brigades, used the same gas wallet to pay transaction fees. Through Reactor, they visualized funds flowing from donation wallets to operational wallets and related infrastructure.In the June 2025 case, funds moved through new addresses, accounts, over-the-counter brokers, and suspected money mule accounts. By October, the network had shifted to using one-time donation wallets and cross-chain bridges. Court orders required Tether to burn USDT at designated addresses and reissue equivalent assets to law enforcement wallets, while Binance was instructed to transfer balances from three accounts. (Bitcoin.com News)
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.
Crypto KOL 0xSun released an analysis of the JINQIAN/FAMI event that unfolded tonight. An unidentified project team issued the FAMI token on-chain (without compliance backing and with the liquidity pool not locked) and paired it with the meme coin JINQIAN. Since the underlying stock itself carries an extremely low market capitalization, on-chain sentiment triggered a frantic buying spree among retail investors for JINQIAN, which drove up the price of FAMI in the pool. Some retail investors even purchased the underlying stock directly, causing its share price to rally accordingly. 0xSun pointed out that this incident closely mirrors the early Base chain meme coin Bald—both featured unlocked liquidity pools and were entirely devoid of deterministic logic throughout the process. Yet, the final outcome heavily aligned with the ideal trajectory of an "on-chain coin-stock short squeeze," making it a textbook case of "a completely flawed process yielding a perfectly correct result." He warned investors that the certainty surrounding such projects is exceptionally low. Participants must independently weigh the trade-off between "upside potential × probability of good faith" and "total loss × probability of malice," as there is absolutely no 100% certainty guaranteed behind any excess returns.
According to Circle's official blog, Circle's cross-chain infrastructure CCTP has officially expanded support for native cross-chain transfers of the euro stablecoin EURC. EURC operates on the same "burn-and-mint" model as USDC, with initial cross-chain settlement support between Ethereum and Base. Developers can transfer both USDC and EURC via a single unified interface without connecting to multiple bridge providers, effectively reducing integration complexity and enhancing liquidity efficiency. EURC is issued by a regulated affiliate of Circle, while CCTP does not hold or manage user assets.
According to The Block, the Wyoming Stable Token Committee announced the adoption of Chainlink Proof of Reserve to provide near-real-time on-chain reserve validation for its official stablecoin, Frontier Stable Token (FRNT). The Network Firm will audit FRNT reserves in accordance with AICPA standards, while Chainlink will post verification data on-chain in real time to bridge information gaps between reporting cycles. Previously, Wyoming fully migrated FRNT from LayerZero to Chainlink CCIP last month as its sole cross-chain infrastructure. The committee is also advancing the Chainlink Proof of Reserve Secure Mint feature, which requires verifying that reserves do not fall below FRNT's total supply before minting new tokens to prevent infinite minting attacks. FRNT launched in January this year and is the United States' first government-issued stable token, backed by U.S. dollars and short-term U.S. Treasuries.
Oracle protocol Switchboard issued a statement disclosing a report of a potential overnight attack. The Switchboard team has partnered with relevant projects and security agencies to take measures, suspending its network services on the Aptos, Sui, IOTA, and Movement chains. Currently, there are no similar reports indicating a comparable intrusion attack on the Solana chain. However, for security reasons, official channels recommend that users migrate to alternative oracle solutions as soon as possible, at least temporarily, during the investigation period. The team continues to investigate the incident and will release further details subsequently.
Circle announced that USDC, EURC, the Cross-Chain Transfer Protocol (CCTP), and Bridge Kit are now live on Plasma. Payment service providers, fintech companies, digital banks, and developers on Plasma can use regulated US dollar and Euro stablecoins to support scenarios including payments, cross-border remittances, multi-currency foreign exchange, on-chain transactions, lending, liquidity provision, treasury management, corporate payments, and global settlement.
Odaily News - Financial services firm Virtu Financial, M1X Global, and electronic trading platform Tradeweb have completed an on-chain repo transaction using the Republic of the Marshall Islands' USDM1 sovereign digital bond as collateral. The entire transaction was executed on the Canton Network and settled in under 10 minutes.USDM1 is a U.S. dollar-denominated, on-chain issued sovereign bond, backed 1:1 by short-term U.S. Treasuries. It pays a coupon while serving as collateral and constitutes a fully collateralized sovereign obligation under New York State law. The parties involved stated that this is the first repo transaction combining natively issued sovereign collateral with fully on-chain atomic settlement.USDM1 is available for electronic trading via Tradeweb, with institutional custody services provided by Anchorage Digital, BitGo, and tZERO. The Canton Network is designed for institutional finance, featuring privacy and permissioning mechanisms for regulated transactions and tokenized assets. (Cointelegraph)
Japanese crypto asset trading service provider Coincheck announced that it completed its registration for the electronic payment instrument services business on August 27, 2026, becoming the second company in Japan to secure this type of stablecoin-related license. Coincheck stated it will gradually launch operations related to stablecoins and on-chain finance, leveraging its prior collaboration with U.S.-based Circle to expand USDC use cases in Japan. The company noted that stablecoins provide price stability pegged to fiat currencies, enabling round-the-clock, fast, and low-cost transfers and payments.
According to Odaily, an investigation into the security vulnerability exploit of the Cosmos EVM module reveals that the primary attacker (0x9AE7) purchased $250,000 worth of NES and bridged it to Nesa Chain, exploiting a balance vulnerability to inflate holdings to 200 times their original size, then bridged approximately $50 million worth of NES back to Ethereum. The attacker's initial funding for the wallet originated from Monero. Through multiple wallets, the attacker exchanged NES for ETH on DEXs and deposited the proceeds into centralized exchanges. Due to rapid liquidity withdrawal, most exchanges suffered extreme slippage, and the attacker ultimately sold for only $315,000, netting a profit of approximately $60,000 after deducting costs.
Odaily News: CZ responded to discussions about the "Memestock" model on the X platform, stating that the combination of Memecoin and tokenized stocks is an "innovative and interesting" development, but the key lies in whether issuers have the ability to honor their commitments.It is reported that some community users have shared their views on the "Memestock" trend, which combines Memecoin with tokenized stocks, allowing Memecoin holders to receive tokenized stock returns without any additional actions. This model introduces new utility value to Memecoins that previously lacked practical use cases, and the related innovations are currently concentrated mainly in the BNB Chain ecosystem.In response, CZ said: "This is indeed a new and interesting direction. But we need to ensure that issuers can truly fulfill their obligations."Some community users believe that the combination of Memecoin and Real World Asset (RWA) tokenization is exploring a shift from purely community-driven assets to digital assets with yield or equity attributes. However, tokenized stocks involve issues such as underlying asset custody, compliant issuance, and income distribution. The credibility of issuers and the regulatory framework will be key factors determining whether this model can achieve long-term development.
According to Bitcoin.com, Zach Pandl, Head of Research at Grayscale, stated that the U.S. Securities and Exchange Commission's (SEC) proposed regulations on crypto assets could increase network activity on Ethereum, Solana, and BNB Chain by reducing compliance uncertainties surrounding token financing, driving more U.S. issuers and investors to go on-chain, and potentially creating value for their native tokens ETH, SOL, and BNB.