News linked to both this project and an event.
Odaily reports: Cryptocurrency market liquidations exceeded $1.54 billion on Friday morning, with an attack on Binance triggering a market-wide sell-off. Long positions accounted for approximately $1.29 billion in liquidations, representing over 80% of the total. Binance stated that attackers stole approximately $6.3 billion, with the investigation pointing to a compromised laptop belonging to a DevOps engineer.Bitcoin briefly dropped to $76,320, with related liquidations approaching $500 million; Ethereum long liquidations exceeded $300 million. Bitcoin subsequently rebounded to $78,400 but remains down 2% over the past 24 hours and 5% below its price at the start of the month.Binance said partners have frozen approximately $3 billion of the stolen funds, and the company will draw on its Secure Asset Fund for Users (SAFU) and corporate reserves to cover remaining customer losses. Deposits and withdrawals remain suspended, and Binance has revoked authorizations for affected addresses while contacting law enforcement and blockchain intelligence partners to trace the funds. On-chain analyst ZachXBT linked the attack to the North Korea-affiliated threat group Tradertraitor. (Bitcoin.com News)
Odaily reports: OKX conducted a survey of 1,932 adults who have invested in cryptocurrency, with respondents from the United States, France, Germany, the Netherlands, and Poland. Among European respondents, 19% view cryptocurrency as a long-term wealth accumulation tool, while 8% choose traditional retirement plans; real estate tops the list at 34%.Nearly half of European respondents expect to increase their cryptocurrency holdings, with 47% planning to add to their positions and 13% planning to significantly increase their holdings. Across all age groups, 51% expect to increase their crypto asset allocation; among baby boomers, 55% believe cryptocurrency is not important for generational wealth accumulation.Among U.S. respondents, 21% choose retirement accounts as a long-term wealth tool, while 12% choose cryptocurrency. Excluding baby boomers, 55% of U.S. respondents expect to increase their crypto asset allocation over the next five years, with 22% planning to significantly increase it. (Cointelegraph)
Odaily reports: Vlad Tenev, CEO of fintech company Robinhood, said the US tokenized market needs more durable regulatory rules. On the company's third-quarter earnings call, he stated that the US Securities and Exchange Commission (SEC)'s innovation exemption is a positive step, but uncertainty in regulatory rules could deter investors from committing substantial assets to the tokenized market.Tenev said that establishing further rules or passing legislation would help provide long-term regulatory certainty. Robinhood plans to launch tokenized private company equity products overseas; in the US, the company is seeking a compliant path that fits within existing investor accreditation restrictions.Robinhood currently offers about 200 tokenized equities, backed by underlying shares, but the products are structured as tokenized debt securities and do not carry the same shareholder rights as traditional stocks, and therefore do not meet the SEC's innovation exemption requirements. In the third quarter, the company's crypto revenue fell 55% year-over-year to $120 million, while crypto notional trading volume dropped 38% to $50 billion. (Cointelegraph)
According to Yonhap News Agency, Section Chief Kim Yun-kyung and Investigator Wang Jae-kun of the Bank of Korea’s Investigation Bureau noted in their October 27 report, "Major Characteristics and Risk Assessment of Funding in the AI Industry," that intensifying fundraising competition in the AI sector recently has heightened dependence on external funding and expanded circular finance, fueling growing warnings about financial risks triggered by AI. The report notes that this year, hyperscale data center operators have substantially broadened external financing primarily through long-term corporate bonds, while AI-focused cloud companies have increasingly turned to GPU-backed credit and convertible bonds. AI firms are also actively leveraging off-balance-sheet financing instruments such as special purpose vehicles, joint ventures, and leasing. Meanwhile, the volume of circular transactions between hyperscale firms and AI chipmakers for future sales, facilitated by supply chain investments, continues to grow. The report assesses that while the financial health of major leading enterprises remains solid and the likelihood of AI-related financial risks materializing is currently low, vulnerabilities are steadily building amid rising long-term interest rates. Primary risk factors include delays in AI monetization and the propagation of shocks stemming from circular finance. Particular attention should be directed toward the potential risks posed by AI cloud companies that exhibit inadequate financial buffers and low information transparency. The report emphasizes that as South Korea stands to benefit the most from the AI boom, its deep integration into global supply chains could amplify the transmission intensity of real-economy and financial shocks triggered by AI compared to previous cycles. It is essential to continuously monitor the accumulation of potential vulnerabilities and the likelihood of risks materializing.
Odaily reports: Regarding the previous LIBRA token scandal, as an Argentine judge dismissed the criminal investigation against Milei, the matter has come to a close. In response, Milei published a lengthy post on X lamenting: "Now who will compensate me for the lies, slander, and defamation I have suffered over the past year, eight months, and nine days—lies, slander, and defamation whose sole purpose was to tarnish my good name and honor?Justice has once again set things right, exposing that massive political and media operation whose only goal was to undermine the authority of the presidency for the purpose of a political coup.I celebrate the normal functioning of the institutions of the Republic, and a judicial system that has not been dragged down by the clownish performances of the usual operators.This lawsuit was politically exploited, not only by certain factions of the opposition, who thought they could overthrow us to restore their privileges, but also by other forces, such as the La Nación group and its henchmen, to extort the government in exchange for evading their tax obligations.To those paid journalists, mercenaries of lies, and people like Hugo Alconada Mon, Carlos Pagni, Paulino Rodríguez, Natalia Volosin, Novaresio, and all others who exploited this topic: now who is responsible for all the garbage you spread?The truth always prevails in the end. Long live freedom, damn it...!!!"
Odaily reports: Vantage Bank and Rio Bank, through the Participate loan servicing platform, used Hazel Network tokenized deposits to complete principal and interest payments for loan participants. Participate stated that after Vantage submitted the payment, the platform completed the allocation of principal and interest, and the tokenized deposits reached the receiving institution's digital wallet in less than 3 minutes. Loan balances and payment notifications were automatically updated in sync, connecting with the traditional process that relies on wire transfers, spreadsheets, and email notifications. The payment, announced on October 19, is the first implementation following the two banks' collaboration in April of this year. Custodia CEO Caitlin Long confirmed that the transaction occurred on the Ethereum mainnet. Hazel was jointly developed by Vantage Bank and Custodia: Participate is a company under BankLabs, providing loan workflows and payment instructions; Vantage provides banking services and reserves; Custodia handles wallets, blockchain operations, compliance, and reconciliation monitoring. According to the Hazel whitepaper, the settlement model includes both on-chain records and traditional bank ledger records, only approved participants can transact, and customer identity and account information remain off-chain. Participate plans to offer tokenized deposits and Fedwire payment automation services to 750 banks for loan participations and syndicated payments.
Odaily reports: JPMorgan Asset Management has for the first time incorporated Bitcoin into its long-term capital market assumptions, projecting an annualized return of approximately 10% for Bitcoin over the next decade, with the potential to outperform stocks, bonds, and gold. However, the forecast also assumes an annualized volatility of 55% for Bitcoin, more than three times that of U.S. large-cap stocks.JPMorgan believes that gradually improving regulatory frameworks and continued enhancements in market liquidity and price discovery mechanisms could further drive Bitcoin's acceptance in traditional financial markets. Looking ahead to the next decade, technological innovation in areas such as artificial intelligence, robotics, healthcare, and space, along with approximately $15 trillion in global capital expenditure growth, are also expected to drive economic growth and asset returns.Analysts noted that the correlation between Bitcoin and other assets is unstable, making it currently unsuitable as a diversification asset in balanced portfolios. As a result, the firm has not yet included it in its main portfolio models. If Bitcoin's volatility continues to decline and its correlation with other assets stabilizes in the future, its value for portfolio allocation could increase. (Bloomberg)
Odaily Report: Michael Saylor published a long article titled "Prescriptions for Prosperity in the Digital Economy," stating that artificial intelligence will greatly enhance the productive capacity of individuals and enterprises, thus requiring greater freedom to create, finance, own, and trade assets. He proposed establishing a "Digital Bill of Rights" for digital assets, the core of which is to grant individuals and enterprises the rights to Create, Issue, Custody, Transfer, and Use digital assets, and to provide foundational protections in financial privacy, asset ownership, and market access.Saylor believes that digital intelligence will drive the birth of a large number of new enterprises, and that the cost, complexity, and time required for financing should be reduced, while capital formation efficiency should be improved through means such as digital tokens. He proposed aiming to enable 10 million new businesses to access financing, while establishing clear issuance rules and risk-matched information disclosure requirements.Regarding the digital dollar, Saylor advocates allowing banks, fintech companies, and technology platforms to compete more fully in digital dollar products, and permitting issuers to compete on yield. He believes that the United States can further expand the global reach of the dollar by allowing enterprises to develop more competitive digital dollar products.As for Bitcoin, Saylor defines it as "Digital Capital," advocating that banks be allowed to custody Bitcoin under clear rules and provide credit using it as collateral, while establishing a viable path for insurance companies to include digital capital in their balance sheets and product design. He specifically mentioned that the Basel Accord applies a 1250% risk weight to certain crypto asset exposures, and believes that regulators should reassess relevant capital requirements based on the actual risks of digital assets and specific business activities.
According to official social media announcements, HTX will host a live stream at 8 PM today titled “The Clarity Act Stalls, Fed Rate Hikes Weigh Heavily: Is the $75K $BTC Defense Line a Bear Factor Clearance or the Eve of a Breakdown?” Crypto KOLs including Chan Ge, Damo Ge, 0x31ad, FoodieNotAfraidOfFat, and Zizi will join the broadcast to discuss developments surrounding the Clarity Act, expected Federal Reserve monetary policy shifts, and their impact on cryptocurrency market liquidity. Building on BTC’s recent price action, the session will closely examine the long-versus-short dynamics around the critical $75,000 support level and outline the key variables that could shape market conditions going forward.
TechFlow: Galaxy Digital founder Mike Novogratz stated that if the CLARITY Act fails to advance tomorrow, the United States may struggle to establish a crypto regulatory framework for an extended period. This would be detrimental to the U.S. and could force more crypto industry companies to relocate overseas. He believes the digital asset and blockchain revolution will continue, but long-term regulatory uncertainty hinders industry development, and he called on U.S. senators from both parties to consider the bigger picture.
Odaily News: Bitcoin News posted on X platform, stating that according to WELT, the German Ministry of Finance is drafting a tax reform plan to impose taxes on gains from Bitcoin and other crypto assets purchased after December 31, 2026, which will no longer be eligible for the holding period exemption. Existing holdings will remain subject to current rules, meaning they can be sold tax-free after being held for more than one year. The relevant law is scheduled to take effect in 2027, with the first tax withholding possibly beginning in 2028. The draft is still in its early stages and may be subject to adjustments later.
Odaily News - Coinbase has disclosed the architecture and application of its internal AI system "CEEcil." This system is not a simple chatbot but is designed as an AI agent that functions like a "team member." It can be mentioned in Slack, and possesses long-term memory, proactive follow-up, and judgment capabilities.CEEcil retains team context through a three-tier memory mechanism: in the background, it continuously extracts information such as decisions, blocked items, and owners from authorized channels; each night, it consolidates short-term observations into long-term summaries; and when answering questions, it retrieves historical memories, recent conversations, and real-time data on demand. The system also adopts a tiered model architecture, where simple queries are prioritized for processing via APIs or knowledge bases, and only complex, multi-step tasks are delegated to more powerful AI models, thereby reducing cost and latency.In practical applications, CEEcil can proactively join relevant Slack discussions, send emoji reactions, and automatically follow up when issues go unaddressed. Coinbase states that the system also once refused to submit operational documents containing customer identity information to Git, suggesting the use of redacted versions or compliant storage methods instead—demonstrating a certain level of security judgment.Architecturally, CEEcil consists of a Go service and an AI agent runtime, and connects to tools such as memory retrieval, knowledge bases, real-time queries, and Slack via MCP. Coinbase also has set up a real-time "kill switch," call limits and spending caps, audit mechanisms, and requires human review and merging of the code it generates.Coinbase says CEEcil is now able to help teams handle production incidents and answer expert knowledge that previously would have required waiting hours to obtain. In the future, the company hopes to expand this model into multiple AI agents tailored to specific teams, enabling AI not only to "answer questions" but also to continuously remember, proactively participate, and complete actual work.
According to TechFlow research, Morgan Stanley's August 20 report noted that the U.S. Treasury will increase the size of its liquidity-supporting repo operations for the 10-to-20-year and 20-to-30-year tenors from $2 billion per transaction to at least $4 billion, effective September 9. This marks the first adjustment to the repurchase volume outside of the quarterly refinancing window since the repo program launched in May 2024. The two tenors combined add $1.6 billion in notional amount, corresponding to approximately $19.3 million in DV01 (price change per one-basis-point move in rates), with a risk impact roughly double that of the November 2023 "supply surprise." Morgan Stanley stated that the Treasury's decision to expand repurchases ahead of schedule outside the quarterly refinancing window aims to signal close monitoring of long-end interest rate dynamics to the market, thereby buying time for the November refinancing window. The recent rise in the 10-year Treasury yield and curve steepening primarily reflect the market's repricing of energy prices and central bank policy trajectories, rather than concerns over deficits or supply. Morgan Stanley maintains its recommendation for a 7-year versus 30-year Treasury curve steepening trade, targeting a spread of 100 basis points (currently around 71 basis points). On the FX front, coordinated volatility in gold and the Swiss franc hit an annual peak on August 19; should the U.S. dollar policy narrative reassert itself, EUR/USD is likely to approach 1.2150.
According to Cointelegraph, Standard Chartered Bank analyst Geoff Kendrick pointed out in the latest client report that the U.S. Treasury announced the scale of 10- to 30-year Treasury bond buybacks will be at least doubled from $2 billion per operation to $4 billion, with an execution period from September 9 to November 4. This policy drove long-term U.S. Treasury yields down significantly, effectively alleviating selling pressure in the bond market. Kendrick stated that such government liquidity interventions have historically been bullish for Bitcoin, and coupled with its fixed supply attribute, BTC is expected to hit $100,000 before the end of the year. Technically, he views $65,500 as a key support level; once effectively broken above, it can confirm that the bottom of this cycle has appeared.
According to The Block, the Blockchain Association filed an amicus curiae brief on August 13 supporting Custodia Bank's appeal to the U.S. Supreme Court, requesting a review of the legality of the Federal Reserve Bank's refusal of its master account application. The Blockchain Association pointed out that this case concerns whether legitimate digital asset enterprises can compete in a fair environment, and warned that the lower court ruling provides a precedent for federal regulators "to debank unpopular industries in the future without the intervention of state regulators." Custodia Bank was founded by Wall Street veteran Caitlin Long, applied for a Fed master account in October 2020, was rejected by the Federal Reserve Bank of Kansas City in January 2023 on the grounds that the crypto business model posed risks, subsequently lost twice in the district court and the Tenth Circuit Court of Appeals, and was denied rehearing by the full court in a 7 to 3 vote in March 2026. The Federal Reserve Bank of Kansas City must respond to the Supreme Court application by September 11.
HTX DeepThink columnist and HTX Research analyst Chloe (@ChloeTalk1) pointed out in her analysis that the core contradiction in the current macro market has shifted from "when the Fed will cut rates" to "whether the Fed needs to raise rates again." Warsh attempted to reduce the impact of single-month data on policy, but since his policy framework has not been fully understood by the market, July and August inflation data have instead become the key variables determining September policy expectations. If core CPI remains at 0.2% or below, the market will re-trade inflation decline and policy pause; if it consecutively exceeds expectations, the Fed will face a binary choice of "raise rates or lose credibility."
Odaily News, July saw the U.S. manufacturing PMI rise to 55.6, the highest since 2022, with both production and employment recovering. However, strong demand and geopolitical inflation concerns have roiled the bond market, with Bank of America warning that the Federal Reserve is facing a credibility test. The hot manufacturing performance, coupled with geopolitical inflation threats, has sent U.S. Treasury markets into sharp turbulence. Long-dated Treasuries have recently faced heavy selling, with yields briefly surging to near two-decade highs.Mark Cabana, Head of U.S. Rates Strategy at Bank of America, commented on this, calling the bond market's violent swings a "textbook inflation credibility shock."Cabana noted that the core driver of the market turmoil is not the data itself, but the Fed's lack of policy communication. He specifically pointed to Fed Chair Kevin Warsh's performance at a recent press conference, arguing that Warsh failed to clearly articulate how the Fed would achieve its 2% inflation target."Standing firm on the inflation target is one thing, but if you don't tell the market the specific path, investors won't buy it," Cabana said bluntly in a Bloomberg TV interview. "The bond market cannot be fooled; it sees through all appearances." (Jin10)
Odaily News Crypto analyst Murphy stated on X that on-chain data reveals a rare large-scale movement of coins by Bitcoin long-term holders (LTH) recently. Over the past two days, more than 65,000 BTC have moved on-chain each day (excluding internal transfers within the same entity), leading to a notable decline in LTH net positions.Data shows that LTH net positions had begun to deviate from their previous continuous growth trend since May this year, entering a plateau in July, with the recent large-scale transfers being relatively uncommon over the past year. Among these, approximately 14,000 BTC flowed into exchanges. Some of the funds include a transaction where a company under Trump's umbrella transferred 2,628 BTC to Crypto.com.Currently, aside from the portion flowing into exchanges, the destination and purpose of the remaining coins reduced by long-term holders remain unclear. Murphy stated that potential risks currently affecting the BTC market include: 1) Shifts in Fed monetary policy and rising rate hike expectations; 2) Inflationary pressure from Middle East tensions and oil price changes; 3) Valuation concentration in the AI sector and financing risks behind high capital expenditures; 4) Re-crowding of yen carry trade positions.
Mizuho analysts stated that if the U.S. crypto market structure bill, the "Clarity Act," is passed, while it may generally benefit the digital asset industry, the long-term impact on Circle could be negative. The reason is that regulatory clarity will attract more large institutions into the stablecoin market, further accelerating stablecoin commodification and eroding the revenue potential of Circle's USDC.Mizuho believes that the primary pressure Circle faces in the near term comes from Open USD. This stablecoin project is backed by a coalition of over 140 financial, technology, and crypto companies, with members including Visa, Mastercard, Stripe, BlackRock, and Coinbase. Unlike Circle's model, which retains approximately 38% of USDC reserve yields, Open USD employs a "pass-through" model, distributing nearly all reserve yields to distribution partners while retaining only a small management fee.Analysts also noted that Coinbase, as the largest distributor of USDC, also supports Open USD. This could give Coinbase stronger bargaining power when renegotiating its revenue-sharing agreement with Circle in the future. The distribution agreement between the two parties could be up for renegotiation as early as next month.
Coinbase CEO Brian Armstrong has responded to recent controversy surrounding his X account profile picture change and claims that the Base community is "unsupported." He thanked the community for their feedback and acknowledged that his previous communication regarding expectations was not clear enough. Users should not interpret the content of his personal X account as investment advice or signals for individual tokens. He stated that he simply shares internet content he finds interesting or amusing, and may not even be aware whether such content is associated with any particular token or project. He pointed out that his tweets and profile picture changes do not represent endorsements of or commitments to any project.Regarding support for the Base ecosystem, Brian Armstrong explained that Base aims to build financial services infrastructure, supporting various application scenarios including stock tokenization, lending protocols, stablecoin payments, and Meme coin trading. Coinbase supports users in freely trading assets but will not use its official influence to "pump" or promote specific tokens. Both Coinbase and the Base team are indeed subject to compliance and regulatory restrictions, preventing them from listing certain tokens on the centralized exchange and from marketing specific projects at the community's request.Base currently supports ecosystem development primarily through offline Base Batches events, developer grant programs, and investments from Coinbase Ventures and the Base Ecosystem Fund. Additionally, based on long-term user value assessment, Coinbase may integrate certain Base ecosystem DeFi protocols into its own products to help projects expand distribution.Brian Armstrong stated that Coinbase will continue to prioritize projects capable of creating long-term user value in the future, and expressed hope that this clarification will help the community set clearer expectations. He added that he may still continue to post Meme content he finds interesting, but such content will not constitute investment advice.