News linked to both this project and an event.
According to Cointelegraph, the U.S. Senate failed to advance a procedural vote on the Digital Asset Market Clarity Act (CLARITY Act) on Tuesday. Bernstein analysts anticipate that the SEC and CFTC will subsequently embark on "proactive and swift" rulemaking to compensate for the time lost during prior negotiations. The forthcoming regulations are expected to cover: classification criteria for token offerings, developer protections for DeFi and self-custody protocols, innovation exemptions for equity tokenization, an expedited approval pathway for physical asset perpetual futures, and swap designation rules for federal sports event contracts. Bernstein pointed out that the CLARITY Act was originally intended to provide the industry with institutional safeguards against "shifts in political winds," and its defeat has once again cast doubt on regulatory certainty. Analysts also noted that the likelihood of a reconsidered vote on the bill remains low.
Bernstein analysts said that after the U.S. Senate failed to pass the procedural vote on the Digital Asset Market Clarity Act, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are expected to accelerate the development of digital asset regulatory rules.The analysts expect the new rules to cover the classification of fundraising tokens, protections for DeFi and self-custody protocol developers, innovation exemptions for equity tokenization, approval of real-world asset perpetual futures, and adjustments to swap classification rules for federal sports event contracts. (Cointelegraph)
PPP prediction market monitoring shows that on Polymarket, the probability of "OpenAI's valuation will reach $1 trillion by the end of 2026" has risen to 82%, up 20% in 24 hoursIf from the event creation date through December 31, 2026, the OpenAI NPM Price published by Nasdaq Private Market corresponds to a private market valuation that at any point reaches or exceeds the target valuation set by the event, it resolves as "Yes"; otherwise, it resolves as "No."NPM publishes data only on trading days and updates it at 1:00 PM ET the following day. If by January 1, 2027, relevant data has still not been published, the event may remain open at the latest until January 4 at 11:59 PM.If OpenAI conducts an IPO or direct listing during this period, then in addition to the pre-listing NPM valuation, the valuation corresponding to the official offering price and the public market market cap from after listing through December 31, 2026, will also be referenced. Public market cap is calculated as "the highest/lowest official trading price on a trading day × the total number of outstanding common shares at that time."In simple terms: as long as before the end of 2026, OpenAI has at any point reached the valuation threshold set by the event according to NPM or official post-listing market data, it counts as "Yes."Join the PPP signal push community to stay one step ahead and seize the opportunity.
Odaily reports: The Securities and Exchange Board of India (SEBI), in collaboration with the Reserve Bank of India (RBI), has launched the "Demat 2.0" pilot to issue and settle corporate bond tokens on permissioned ledgers operated by NSDL and CDSL, covering a corporate bond market of approximately $620 billion.State-owned lender REC, Larsen & Toubro, and non-bank lender IIFL Finance have collectively raised approximately $107 million through this framework. The system connects to the RBI's wholesale digital rupee to enable simultaneous settlement of bonds and funds, and automates interest payments and redemptions via smart contracts.SEBI stated that the legal terms, credit ratings, trustee arrangements, listing rules, and investor protections for tokenized bonds remain unchanged. Investors can hold tokens in their existing Demat accounts, with secondary trading and retail participation to be introduced in subsequent phases. (Decrypt)
According to sources familiar with the matter, Anthropic has selected Nasdaq as the listing exchange for its potential IPO and plans to advance the listing process in October. Market estimates suggest the company's valuation could reach $2 trillion, but the exact figure has not yet been finalized.
Odaily reports: The Securities and Exchange Board of India (SEBI) stated that under the Demat 2.0 pilot, three issuers have raised a cumulative 102.5 billion rupees (approximately $1.072 billion) through tokenized corporate bonds. The pilot utilizes distributed ledger technology to issue, hold, and settle corporate bonds.Among them, REC was the first to complete a 50 billion rupee fundraising on September 7, with 18 investors participating; L&T raised 50 billion rupees on September 9, subscribed by 4 investors; IIFL raised 2.5 billion rupees on the same day, subscribed by 1 investor.SEBI stated that Demat 2.0 records corporate bonds as native digital tokens on depository institutions' distributed ledgers, and connects to wholesale central bank digital currency (CBDC) through the Reserve Bank of India's (RBI) Unified Market Interface, enabling atomic settlement of bonds and funds, which is expected to shorten post-issuance fund settlement time from the traditional 2 to 3 days to same-day.SEBI emphasized that tokenized bonds do not constitute a new category of corporate bonds, and their ISIN, issuer obligations, coupons, maturity dates, covenants, ratings, and investor rights remain consistent with traditional electronic corporate bonds. Currently, the first phase of the pilot is aimed at institutional issuance, with secondary trading and retail investor participation to be advanced in subsequent phases. (The Block)
Odaily News: Digital asset trading platform Gate has released its August 2026 Transparency Report. The report shows that in August, multiple Gate business lines received recognition from institutional data providers including CoinDesk, CryptoQuant, CryptoRank, and DefiLlama. Among them, Gate's stock perpetual contract trading volume grew 308% month-over-month, maintaining triple-digit growth for three consecutive months; the RWA perpetual contract open interest (OI) market share reached 49.6%, ranking first globally among centralized trading platforms. Meanwhile, Gate's 24-hour spot and derivatives trading volume stood at approximately $9.5 billion, with open interest reaching $12.48 billion, both ranking among the global top three; 30-day net inflow reached $308.1 million, ranking second among mainstream trading platforms.In terms of traditional financial asset trading, Gate's CFD business continues to expand its asset coverage, now covering 680 trading pairs, spanning major TradFi assets including forex, metals, energy, indices, and stocks. In terms of overall TradFi product layout, Gate now covers over 1,000 TradFi assets, with stock derivatives covering more than 360 underlying assets, both ranking first globally, further enhancing its multi-asset trading matrix.As digital assets and traditional financial markets continue to converge, Gate is steadily expanding diverse trading scenarios including stocks, RWA, CFD, and derivatives. By enriching asset supply and trading tools, it is further improving its comprehensive trading infrastructure that connects digital assets with traditional financial markets.
Odaily News - Bloomberg ETF analyst Eric Balchunas stated on the X platform that Tema is launching a prediction market ETF. However, this product is a thematic ETF, not an actual event contract ETF, which the SEC is still considering. The ETF will allocate 15% of its positions to private assets from Kalshi and Polymarket, with a management fee of 75 basis points.
Odaily News: Binance founder Changpeng Zhao (CZ) stated at Bitcoin Asia that Bitcoin may surpass gold in the next bull market, with the current market cap gap between the two standing at approximately 10x. Ricardo Salinas Pliego estimates that if Bitcoin were to reach gold's total market cap, its price could reach approximately $1.86 million.He noted that if Bitcoin becomes a strategic reserve asset for nations, its importance could surpass that of gold; however, central banks and governments have already established systems for valuing, storing, and managing gold, and transitioning to Bitcoin will take time.Glassnode data shows that Bitcoin's 90-day correlation with gold has risen from 0.21 in March to approximately 0.57, while its correlation with the Nasdaq 100 index has fallen from 0.57 to 0.22. Other estimates indicate that its correlation with gold stands at approximately 0.59, the highest level since 2020. (Bitcoin.com News)
Odaily News: Robinhood has reached an agreement with Crypto.com to further expand its prediction market business. Under the agreement, Robinhood will list event contracts provided by OG.com, Crypto.com's prediction market platform, and will take a minority stake in both Crypto.com and OG.com.Following an investment from Citadel Securities in July this year, OG.com's valuation has reached approximately $5 billion. (WSJ)
According to Odaily, the yen has continued to strengthen recently, pushing the U.S. dollar index (DXY) lower and providing short-term support for dollar-denominated assets such as Bitcoin and gold. Data shows that the U.S. dollar against the yen (USD/JPY) fell 1.4% intraday to 156.40, after already declining 0.9% on Wednesday; the euro, pound, and Australian dollar all edged higher against the dollar. As a result, the DXY fell 0.4% to 99.22, approaching its 200-day moving average.Analysts believe this trend typically favors dollar-denominated assets like Bitcoin, while also helping to ease global financial conditions and boost market risk appetite. However, if the yen appreciates too rapidly, this logic could quickly reverse.Over the past decade-plus, many investors have used low-cost yen financing to invest in stocks, bonds, and even cryptocurrencies. If the yen appreciates sharply, yen carry trades could unwind, triggering a sell-off in risk assets. When yen carry trades were unwound in August 2024, Bitcoin fell roughly 20% within days.Market expectations are currently growing that the Bank of Japan will raise its policy rate from 1% to 1.25% on September 18, and the yen continues to face further appreciation pressure. Reports also indicate that officials from the U.S. and Japan have previously taken action to address "disorderly yen movements." Therefore, while a moderate yen appreciation is currently favorable for Bitcoin, if it evolves into a rapid, disorderly appreciation, it could instead become a risk factor for BTC. (CoinDesk)
The winning allocation numbers for Enflame Technology’s STAR Market IPO were released on the evening of September 3. At an issue price of 142.18 RMB per share, the offering is expected to raise 6.119 billion RMB. This issuance comprises 43.035173 million shares across a total of 20,657 winning numbers. Founded in March 2018, Enflame Technology is grouped with Moore Threads, MetaX, and Biren Technology under the title of the “Four Little Dragons” of domestic GPUs. The proceeds will be allocated to projects including the research, development, and commercialization of fifth- and sixth-generation AI chips.
Odaily News Cryptoquant founder and CEO Ki Young Ju stated that the peak of Bitcoin's current bull market cycle may be driven by institutional capital outside the United States and ETF demand. He pointed out that deeper stablecoin liquidity and tokenized asset infrastructure will expand global market participation.Ki Young Ju cited South Korea as an example, noting that the country currently has no spot Bitcoin ETFs, retail investors cannot purchase overseas-listed spot Bitcoin ETFs, and most companies are unable to open trading accounts to buy BTC. South Korea has gradually opened up corporate participation in phases, with the Financial Services Commission (FSC) roadmap covering approximately 3,500 listed companies and qualified professional investors, but financial institutions and other businesses remain excluded.Strategy's Bitcoin bank adoption index evaluated 25 major institutions covering trading, custody, digital asset products, financing, and corporate participation, with an overall adoption rate of 32%. As of August 29, RWA.xyz data shows that the distributed asset value of global tokenized assets is $38.63 billion, up 2.65% from 30 days ago.The Bank for International Settlements (BIS) stated that stablecoins have the potential to enable faster, programmable payments, but current designs may pose financial integrity, liquidity, and monetary risks. Ki Young Ju pointed out that U.S. spot Bitcoin ETFs recorded cumulative net inflows of approximately $57 billion in the first two years since launch, and the next phase will be global institutionalization, with more institutions adopting BTC as a strategic asset, and countries lacking ETFs will also improve relevant investment channels. (Bitcoin.com News)
Odaily News - PURR, a token related to the Hyperliquid ecosystem, rose approximately 15% after Hyperliquid Strategies published its "HYPE Treasury" and balance sheet updates.According to the disclosure, Hyperliquid Strategies has completed a $647 million equity financing round and increased its HYPE token reserve to 29.3 million tokens, valued at approximately $1.9 billion based on fiscal year-end prices—more than doubling from its previous size.The company stated that it subsequently invested an additional $773.4 million to acquire approximately 16.5 million HYPE tokens at an average purchase price of $46.77. The company said the continued expansion of its HYPE holdings is aimed at building a "fortress balance sheet" to strengthen long-term support for the Hyperliquid ecosystem.Market observers believe that sustained institutional allocation to HYPE assets has further reinforced expectations regarding the Hyperliquid ecosystem's value-capture capabilities, driving related ecosystem tokens like PURR higher. (The Block)
According to Bloomberg, Matthias Reischke, Head of European Investment Grade Financing at JPMorgan, stated that bond issuances by leading artificial intelligence companies are testing the bond market's acceptance of price and premium levels. He noted that the market does not doubt these bonds will successfully complete their issuance; the key lies in the price at which investors are willing to participate. Reischke pointed out that AI-related debt deals will continue to test investor demand and market pricing capabilities.
Odaily News Nvidia will release its fiscal 2026 second-quarter earnings after the U.S. market close. According to analyst estimates compiled by LSEG, the company's quarterly earnings per share are expected to be $2.10, with revenue projected to reach $92.17 billion.The market expects Nvidia's revenue to nearly double from $46.7 billion in the same period last year, continuing the rapid growth driven by the wave of artificial intelligence infrastructure investment. As a core supplier of AI computing power, Nvidia's GPUs are widely used to train and run advanced AI models, and the company is also involved in advancing the construction of next-generation AI data centers through financing support and other means.However, after nearly three years of significant gains, investor expectations for Nvidia have become more cautious. As of Tuesday's close, Nvidia has risen approximately 14% year-to-date, slightly outperforming the Nasdaq index. Market concerns include competitive pressure from rivals such as AMD and Google, as well as rising costs stemming from the global memory chip shortage.Currently, Nvidia is in a new product cycle, with its latest Vera Rubin AI system already being delivered to customers including Microsoft and OpenAI. Investors will focus on sales progress and supply conditions for the Rubin and Blackwell chip families, as well as the company's outlook for future AI computing power demand.Nvidia CEO Jensen Huang has previously stated that he expects the current product cycle based on the Blackwell and Vera Rubin architectures to generate cumulative sales of $1 trillion by 2027. The company will hold its earnings conference call at 5:00 PM ET. (CNBC)
Odaily News Trader Bonk Guy stated that the market is gradually recognizing the potential of PONS. He noted that PONS currently generates approximately $56 million in annualized revenue, with 80% used for buybacks and burns of PONS; in comparison, Pump.fun generates about $460 million in annualized revenue, with 50% used for buybacks and burns of PUMP, while PUMP is currently valued at approximately $2 billion.Bonk Guy believes that even if PONS were given only 10% of PUMP's valuation, its market cap should reach around $200 million. Additionally, Pons has contributed to roughly half of the on-chain activity on Robinhood Chain, with at least 5 tokens issued through Pons having a market cap exceeding $10 million and at least 20 exceeding $1 million.Regarding the market's recent expectations around Robinhood listings, Bonk Guy stated that as one of the main Meme coin issuance platforms on Robinhood Chain, a future PONS listing on Robinhood is, in his view, "inevitable," and the current rally is not solely driven by listing expectations.
According to The Securities Times citing sources, as Alibaba launched a placement to raise capital, founder Jack Ma has purchased additional shares of the company's Hong Kong-listed stock over consecutive days, with a total value exceeding HK$600 million. According to Bitget market data, possibly influenced by this news, Alibaba's US-listed stock (BABA.N) rose approximately 2% in pre-market trading, following an earlier drop of more than 1%.
According to analysis by BIT's official Chinese account (@BITofficial_CN), the U.S. Securities and Exchange Commission (SEC)'s proposed crypto asset regulatory rules may provide securities registration exemptions for qualifying crypto asset financing activities, thereby lowering the compliance threshold for token offerings and improving the industry's financing environment. Under the proposal, eligible issuances may qualify for two types of exemptions: a one-time fundraising exemption capped at $5 million over four years, and another that permits issuers to raise up to $75 million within any consecutive 12-month period. Both categories must fulfill disclosure obligations, while the latter is also required to submit financial statements and make ongoing disclosures.
According to Bitcoin.com, Bitwise Chief Investment Officer Matt Hougan stated that the bullish thesis for 2026 is more fundamentally grounded than the crypto market cycles of 2014, 2018, and 2022, primarily driven by five structural changes: the advancement of regulatory frameworks, the scaling of stablecoin adoption, the tokenization of real-world assets, protocol tokens generating genuine revenue supported by buyback and burn mechanisms, and the demand for currency debasement triggered by expanding sovereign debt. Hougan noted that the total stablecoin market capitalization surpassed $300 billion by mid-2026, with steady usage across trading, payments, cross-border remittances, and settlements; meanwhile, asset tokenization is progressively transitioning from experimental phases into regulated financial infrastructure. He also highlighted Hyperliquid as a prime example, noting that the protocol generated over $800 million in revenue last year, allocating roughly 99% of it toward buybacks and burns of the HYPE token. On Bitcoin, Hougan suggested that rising government borrowing levels could further cement its role as a hedge against currency debasement, though he emphasized that the associated valuation models represent scenario analyses rather than definitive price forecasts.