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Project Overview
Open accelerates the Open Web with information abstraction and compute abstraction to bring the Open Virtual Machine (OVM) to Arbitrum. OVM serves as a bridge between blockchain’s on-chain resources and the power of off-chain compute, enabling blockchain networks to run sophisticated applications like decentralized AI and secure automation.Built with a modular architecture, OVM combines Open Node’s data structuring and translation expertise with Arbitrum’s high-throughput environment to offer decentralized applications and scalable access to external computing power.
trade.xyz Launches Events Feature, Initial Up/Down Markets Cover Stocks, Commodities, and Pre-IPO Assets
trade.xyz posted on X that it has launched Events, aiming to develop Hyperliquid into a unified trading system for trading financial assets and real-world outcomes. Users can deposit spot BTC into their unified trade.xyz account, borrow USDC through portfolio margin, open pre-IPO perpetual contract positions on SpaceX, use event markets to hedge against the upcoming SK Hynix earnings event, and pick the US Open champion. Events will cover sports, politics, economics, and financial markets; the initial Up/Down markets cover stocks, commodities, and pre-IPO assets, with liquidity provided by trade.xyz perpetual contracts on HIP-3, whose continuous price discovery mechanism serves as the source for contract settlement.
Pencil Finance completes $1 million in fully on-chain student loan financing and repayment cycle
Odaily News: Decentralized lending protocol Pencil Finance has completed the fundraising, disbursement, repayment tracking, and fund return of a $1 million student loan portfolio entirely on-chain, constituting a full financing and repayment cycle. Animoca Brands, Open Campus, and NewCampus provided funding for this portfolio in July 2025.Education financing company ErudiFi disbursed the majority of funds through student loans and tuition financing in Southeast Asia, covering markets such as Indonesia and the Philippines. The portfolio ran for 12 months, supporting more than 6,600 students across 118 schools and universities, with approximately 1,050 students receiving funding directly attributable to Pencil Finance.Investors were split into senior and subordinated tranches — the former receiving fixed returns with priority repayment rights, while the latter earned variable returns and bore the first losses from defaults. Pencil Finance claims this is the first fully on-chain student loan cycle, but did not disclose interest rates, investor yields, default rates, or blockchain transaction records. (Decrypt)
Morgan Stanley: 70% of NVIDIA's FY28 Revenue Guidance Constrained by Supply; Inference Has Become the Largest and Continuously Expanding Data Center Segment
According to Chaohiang Research, JPMorgan's September 2 investor meeting minutes for NVIDIA indicate that NVIDIA is "comfortable" with its guidance for 70% year-over-year growth in FY28, and this guidance is supply-constrained rather than demand-constrained; with sufficient supply, the business could grow more than double. Inference has become the largest and expanding segment of the data center business. Eighteen months ago, inference and training each accounted for roughly half, but currently inference exceeds training and will continue to rise. Advanced wafers and memory are the two major supply bottlenecks, and NVIDIA maintains close cooperation with TSMC and the three major memory suppliers. The customer base continues to broaden, with OpenAI and Anthropic currently accounting for approximately 20% of end-user demand, which may approach 25% by FY28; new cloud providers now account for over 50% of AI computing infrastructure. Open-source and closed-source models will coexist, and gross margins for model developers are improving. NVIDIA supports long-term demand through revenue sharing, the PORTS-Pike campus, and a $500 billion private capital financing platform. Morgan Stanley maintains an Overweight rating with a price target of $320, based on approximately 20x the expected CY2026 EPS of $15.87.
Pencil Finance completes $1 million on-chain student loan cycle, covering 6,600 students in Southeast Asia
Odaily News Student loan real-world asset (RWA) protocol Pencil Finance has completed its first fully on-chain student loan cycle, deploying $1 million in capital to provide financing for approximately 6,600 students across Southeast Asia. After borrowers repay their funds, capital providers receive both principal and returns.The financing portfolio was funded in July 2025 by Animoca Brands, Open Campus, and New Campus, and is structured into senior tranches with fixed returns, as well as junior tranches that carry floating yields and bear first-loss risk. The loans cover 118 schools and universities across Southeast Asia, with approximately 1,050 students receiving direct funding. Among borrowers, women account for 50%, and 93% come from low-income families. (Cointelegraph)
BIT: SEC's Proposed Crypto Fundraising Exemption Rules May Open Up Room for Altcoin Fundraising and Market Rallies
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.
MSX Pre-IPO Phase 2 Redemption Now Open, Polymarket Subscription Yield Reaches 33.3%.
Odaily News: According to the official announcement from MSX, the platform has officially opened redemption applications for Phase 2 Pre-IPO projects, Anthropic and Polymarket.Official data shows that as of the latest valuation, the Polymarket subscription price has risen from $152/share to $202.67/share, representing an unrealized gain of 33.3%. Anthropic's latest valuation also exceeds its subscription price.With this redemption window now open, users can choose based on their own needs to either apply for redemption at the latest market price and settle in USDT, or continue holding until the underlying projects complete their IPOs.Previously, MSX had already completed the full trading cycle for Phase 1 Pre-IPO projects, $CBRS.M and $SPCX.M, from subscription to listing. Users can log in to the MSX platform to view specific redemption rules and asset status.
UK Crypto Regulation Enters Implementation Phase, FCA to Open Crypto Asset Authorization Applications on September 30
Zumo founder and CEO Nick Jones stated that the UK Financial Conduct Authority (FCA) will open the crypto asset authorization application window on September 30, with the new regulatory framework expected to officially take effect in October 2027. As the regulatory path becomes clearer, traditional financial institutions such as Hargreaves Lansdown, the UK's largest retail investment platform, are beginning to enter the crypto market, and the UK crypto industry will gradually shift toward compliant operations.
CME FedWatch: Probability of Fed Rate Hike in September Rises to 57%
The CME FedWatch tool shows that the probability of a 25 basis point rate hike at the Federal Open Market Committee (FOMC) meeting on September 16 has risen to 57%, with the target rate range potentially rising to 3.75% to 4%; the probability of maintaining the current range of 3.5% to 3.75% stands at 43%.On August 21, the probability of a rate hike was 39.9%, which rose to 57% after the Jackson Hole speech on August 28, and market bets on a September rate cut have essentially disappeared.Polymarket data shows that the probability of the federal funds rate remaining unchanged is 52%, while the probability of a hike is 48%, with related trading volume exceeding $66.6 million. Kalshi data shows that the probabilities of holding rates steady and hiking are 52% and 48%, respectively, with related trading volume exceeding $23.8 million.In his speech at the Jackson Hole Economic Policy Symposium, Federal Reserve Chairman Kevin Warsh stated that the Fed will adhere to its 2% Personal Consumption Expenditures (PCE) price index inflation target, and noted that his commitment is to discipline rather than specific decisions. Data shows that the 12-month PCE inflation rate is 3.7%, and the 6-month reading is 4.1%. (Bitcoin.com News)
Dunamu and Visa Reach Strategic Partnership for Stablecoin Payments and Remittances
According to Yonhap News Agency, Dunamu, operator of South Korean crypto exchange Upbit, has announced a strategic partnership with global payment giant Visa. Both parties will jointly explore next-generation financial payment services leveraging stablecoins and AI. Cooperation areas include stablecoin payments and cross-border remittance services, business models for the USD stablecoin OUSD based on Open Standards, and "Agentic Commerce," which integrates AI with stablecoins to allow AI to handle the entire product search, purchase, and payment process on behalf of users. The specific service architecture has yet to be finalized, and implementation will proceed in phases in compliance with relevant regulations and regulatory requirements.
BIT: SEC's Proposed Crypto Fundraising Exemption Rules May Open Up Room for Altcoin Fundraising and Market Rallies
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.
Grayscale believes Bitcoin's current price may offer a favorable entry point for long-term investors, as three factors converge
Odaily News: Zach Pandl, Head of Research at digital asset management firm Grayscale, stated that Bitcoin's structural adoption trend continues, the current bear market has entered a deeper stage, and the macro outlook is generally favorable. These three factors may provide a basis for long-term investors to enter, though prices could still decline.Grayscale noted that Bitcoin's adoption growth is primarily driven by government deficits, the expanding application of blockchain technology in the financial services sector, and generational shifts in investor asset allocation. The current bear market has lasted 10 months, approaching the average and median duration of 11 to 12 months observed across the previous four cyclical bear markets.Macro risks mainly depend on real interest rates and Federal Reserve policy. The Federal Open Market Committee held the federal funds rate at 3.5% to 3.75% in July, and future rate hikes could push Bitcoin lower. Bitcoin briefly rose to $79,461 on August 21 before pulling back to around $77,000. (Bitcoin.com News)
Korea Plans to Open Virtual Asset Accounts to Around 3,500 Companies; Central Bank to Test AI Agent Deposit Tokens in Late 2026
Odaily News – Andrew Park, CEO of Factblock and organizer of Korea Blockchain Week, stated that Korea's crypto market is shifting from retail-trading-driven dynamics toward institutional digital finance. The focus of global financial institutions and enterprises has moved from tokens, exchanges, and prices to custody, tokenization, stablecoins, payment and settlement infrastructure, and regulatory compliance.The Financial Services Commission of Korea has proposed a framework to open corporate virtual asset accounts to approximately 3,500 listed companies and registered professional investors. The National Assembly has officially passed amendments to the Electronic Securities Act and the Capital Markets Act, bringing tokenized real-world assets and security tokens under a unified legal framework.The Bank of Korea has completed the initial trial of Project Hangang, a real-world deposit token initiative, and plans to conduct second-phase institutional testing in late 2026. Related technical experiments have used wholesale deposit tokens to enable AI agents to execute automated conditional transactions. (Bitcoin.com News)
BTT Officially Listed on Binance US, Deposits Now Open
BitTorrent's native token BTT is now officially listed on Binance US, with deposits now open. The BTTC/USDT trading pair will officially commence trading at 7:00 AM Eastern Time on September 10. BTT is the native cryptocurrency of the BitTorrent protocol built on the TRON blockchain, primarily designed to incentivize the decentralized file-sharing ecosystem. Users can earn BTT by seeding, and can also utilize BTT to accelerate downloads, pay for decentralized AI compute and storage space, and across multiple other scenarios, creating a closed-loop value system. This listing on Binance US marks a further expansion of BTT's reach in the North American market and delivers a more convenient circulation and usage experience for global users.
Analysts: Bitcoin drops 1.5% over two days, sellers dominate the market
CryptoQuant analyst Axel Adler Jr. stated that over the past two days, Bitcoin's active buy and sell order pressure has shifted to sellers, with prices falling from $79,900 to $78,700. Open interest rose during the price decline, indicating that new positions are driving this move. Data shows that on the morning of September 6, the Bitcoin active order pressure oscillator was at +3.82, before breaking below zero and remaining in negative territory for 46 hours, with the latest reading at -3.19. Although selling pressure has eased from its local low of -5.28, bulls have not yet regained control. The near-term outlook remains bearish, with improvement signaled only when the oscillator consistently returns above the zero line, accompanied by price stabilization.
Binance Bitcoin futures open interest surpasses $10 billion, reaching a six-month high.
CryptoQuant analyst Darkfost stated that as BTC climbed back to approximately $82,000, Binance Bitcoin futures open interest increased by nearly 8% over the past 24 hours, surpassing $10 billion and reaching a near six-month high. Open interest denominated in BTC also rose to 125,830 coins.
glassnode: Range-bound trading continues, Bitcoin resistance at $83K-$86K
Odaily News, glassnode report: The short squeeze in mid-August drove Bitcoin's rebound, pushing it above $80,000 on August 27. However, the price subsequently encountered resistance in the long-term supply zone above, retreating to around $76,000 and triggering a series of long liquidations. Currently, the $83,000-$86,000 range has accumulated a large number of potential short liquidation positions, while the $60,000-$63,000 zone below holds undigested long liquidation clusters, leaving Bitcoin sandwiched between the two.On-chain data shows that when Bitcoin traded near $78,000 in May this year, approximately 65% of the supply was in profit. When the price returned to the same level at the end of August, that proportion had risen to 68%. The summer redistribution of coins has pushed short-term holders' cost basis to around $71,000, and at this same price level, more profitable coins are now activated, increasing potential selling pressure. Combining cost basis and coin distribution, $62,000-$65,000 serves as an accumulation support zone, while $83,000-$86,000 represents a concentrated supply zone for long-term holders.During the rebound, the 7-day average net inflow for US spot Bitcoin ETFs peaked at $290 million per day, but secondary market daily trading volume remained at around $3 billion, significantly lower than the previous expansion phase. Meanwhile, the yield on the US 10-year Treasury briefly fell to 4.6% following the Treasury's buyback announcement on August 19, but returned to 4.8% in just 8 trading days, hitting a new cycle high.In the options market, short-term optimism has cooled while long-term options demand persists. Open interest for Deribit and IBIT options expiring on September 25 stands at approximately $14 billion, with a substantial portion of positions concentrated above $80,000, which could serve as an important volatility and positioning anchor in the coming weeks. Until the supply above $83,000-$86,000 is absorbed, Bitcoin will continue to trade in a range, with $62,000-$65,000 serving as the primary downside reference zone.
Whale Position Long on 20,000 ETH Still Open, with Unrealized Profit of $11.76 Million
According to Odaily, on-chain analyst Ember Monitoring reports that a whale entered a long position on 20,000 ETH at the start of the recent price surge on August 19 at 21:00. As of now, the position remains open, with unrealized profits of $11.76 million. The whale has captured the full 34% upside of this ETH rebound during the holding period.
1 Day Countdown! B.AI Announces DeepSeek-V4-Flash Will Be Fully Open for Free on August 17
Only 1 day remains until DeepSeek-V4-Flash is fully available for free on the B.AI platform on August 17. At that time, the web interface and API will go live simultaneously, allowing users to freely enjoy full-scenario experiences such as code execution, complex Agent tasks, and long text processing. To empower developers to use DeepSeek without worrying about costs, B.AI is simultaneously launching three benefits: New users logging in via Binance Wallet, Bitget Wallet, or imToken wallet can claim 1 million free Credits; entering an invitation code adds another 300,000, bringing the cumulative total to up to 1.3 million; both new and existing users who recharge can enjoy extra Bonus Credits of up to 100 USD. Please note that accounts must retain a small amount of Credits for identity verification; please prepare in advance. The specific launch time will be announced soon; please stay tuned to B.AI official updates.
Bitcoin Red Team Founder Forced to Switch to Chinese Open-Source AI Models Due to OpenAI Access Restrictions
According to Cointelegraph, AnchorWatch CEO and Bitcoin Red Team founder Rob Hamilton stated that after integrating OpenAI Trust & Cyber capabilities into the Bitcoin Red Team's security research work, he faced access restrictions the next day and was forced to switch back to using Chinese open-source AI models to continue research. The Bitcoin Red Team has currently discovered 1,288 critical and high-risk vulnerabilities in the Bitcoin ecosystem, and research work significantly accelerated after the Coldcard hardware wallet was hacked (over $100 million in Bitcoin stolen). Hamilton commented on this: "Black-hat hackers face no restrictions, while white-hat researchers dedicated to reducing risk are excluded."
Cathie Wood: Open-Source AI Is Making OpenAI and Anthropic Richer
According to BeInCrypto, ARK Invest founder Cathie Wood recently expressed a view that overturns the market's traditional perception of open-source AI. She pointed out that the capabilities of open-source models such as Meta, Mistral, and DeepSeek are continuously enhancing, which instead expands the cybersecurity attack surface, forcing enterprises to continuously procure frontier AI as a defense layer, thereby driving revenue growth for OpenAI and Anthropic rather than harming them. Data from the UK AI Safety Institute shows that the cyber attack capabilities of open-source models have caught up to the level of frontier models from 4 to 7 months ago. Wood named OpenAI, Anthropic, and SpaceXAI as the three companies most likely to capture the bulk of AI model revenue; ARK currently holds positions in all three companies. Currently, Anthropic has already submitted an S-1 filing at a valuation of nearly $1 trillion, and OpenAI is expected to go public in September 2026.
One week after the NVIDIA-led AI Safety Alliance OSAA was established, it has already gathered over 120 companies.
According to TechCrunch, the Open Safety AI Alliance (OSAA), led by Nvidia, has exceeded 120 member companies just one week after its establishment, including tech and financial giants such as Adobe, BlackRock, Cisco, Intel, Microsoft, and Visa. During the Black Hat Cybersecurity Conference held in Las Vegas this week, the alliance established a working group named "Shared AI Findings Exchange" (SAFE) and has submitted multiple proposals open for public comment, managed by the Linux Foundation. The proposals cover confidential reporting mechanisms for AI cybersecurity incidents, alert processes for affected parties, and no-fault attribution analysis frameworks. Meanwhile, member companies are also actively contributing open-source technologies: Nvidia open-sourced the LLM vulnerability scanning tool Garak, Amazon contributed the agent building tool Strands Agents and authorization language Cedar, and Okta and Red Hat are advancing agent identity authentication and governance technologies respectively. Notably, Anthropic, OpenAI, and Google have not yet joined the alliance, although OpenAI and Google previously co-signed the open letter that spurred the creation of the alliance.
Anthropic Responds to Open Source Controversy: Opposes Full Ban on Open Models, Advocates for Restrictions on Chips and Model Distillation
Anthropic CEO Dario Amodei has responded to the controversy over open-weight models, stating that the company has never advocated for a total ban on open models. Previously, companies including OpenAI, Google, and SpaceX joined the open-source coalition, while Anthropic was the only major frontier model company not to sign on.Amodei acknowledged that open-weight models can lower costs, promote competition, and support customer self-deployment. He stated that open models without dangerous capabilities can be considered a "public good."However, he believes that open models are not necessarily safer, nor do defenders necessarily gain more advantages over attackers. Once model weights are made public, security restrictions may be removed and cannot be revoked.Anthropic proposed three alternative measures, including restricting the flow of advanced chips and manufacturing equipment to China, cracking down on industrial-scale model distillation, and requiring all models that reach a certain capability threshold—whether open-source or closed-source—to undergo testing for cyber attacks, biological risks, and alignment.
Jensen Huang: Establish Open Security AI Alliance to Strengthen Cyber Defense Capabilities with Open Models
NVIDIA CEO Jensen Huang stated that attackers have begun using frontier AI, and defenders similarly need to establish a frontier AI ecosystem composed of the best open-source and closed-source models, and leverage the global community to enhance defense capabilities.
Musk: X to Fully Open Source Codebase After Security Vulnerability Review
Musk said X will open source its entire codebase without exception once the security vulnerability review is completed. Additionally, X will invite third-party auditors to verify the actual running system to confirm it is consistent with the public source code.
Joe Lubin Confirmed to Attend, Ethereum Ecosystem's Core Forces to Gather at the Ethereum Ecosystem Summit
Odaily News — The Ethereum Ecosystem Summit, jointly initiated by Sharplink, BlockUnion, and ETH HK Hub, and co-organized by Lido Institutional, will be held on October 8, 2026, in Singapore. The summit is aimed at Ethereum ecosystem builders, financial institutions, investors, and on-chain infrastructure teams, and will focus on discussions around Ethereum's long-term value, institutional adoption, and the development direction of agentic finance.Ethereum co-founder and Consensys founder Joe Lubin has confirmed his attendance and will hold a fireside chat with Sharplink CEO Joseph Chalom, reflecting on Ethereum's development over the past decade under the theme "Ethereum's Ten Years: From an Idea to the Future of Open Finance," and discussing the next phase of open finance.As one of the high-profile events focused on the Ethereum ecosystem during TOKEN2049, the summit will center on three core topics, including Ethereum's long-term value, infrastructure, and credible neutrality; institutional treasuries, asset tokenization, and on-chain infrastructure; and the agentic finance technology stack composed of stablecoins, tokenized assets, instant settlement, and autonomous commerce.The conference is also supported by ecosystem partners including SNZ, EthSystems, EthLabs, Ethereum Institutional, HashKey Capital, and Ethereum Singapore, and will invite representatives from fields such as Ethereum infrastructure, liquid staking, digital asset custody, payments, and on-chain finance to participate in discussions. More guests and the full agenda will be announced soon.
Bitget CEO 8th Anniversary Open Letter: From Follower to Innovation Leader, the Pursuit of Trading Excellence is Never Complete
Bitget celebrates its 8th anniversary, with CEO Gracy releasing an anniversary open letter. She candidly acknowledged that when Bitget introduced the comprehensive exchange UEX strategy a year ago, there was plenty of skepticism from the outside, but the team chose to respond by bringing the products to life. She explained that UEX was designed to address the fragmentation across assets, accounts, time zones, and regions, enabling users to access premium global assets through a single platform. As more leading exchanges increasingly position themselves for traditional finance trading, Gracy has dubbed 2025–2026 the “first year of multi-asset trading.” In her letter, Gracy wrote that over the past year, Bitget transformed from a “chaser” into a “leader in product innovation,” sequentially rolling out products such as stock perpetuals, Pre-IPO allocations, cross-asset unified accounts, rTokens, and Hong Kong Stock Quanto contracts. Data shows that the peak trading volume for non-crypto assets now accounts for 40% of the platform’s total volume, while daily volumes for TradFi derivatives and CFDs have each surpassed $10 billion. Meanwhile, cumulative rToken transactions have exceeded 3 million. Looking ahead to the next phase, institutional business will emerge as Bitget’s core strategic focus. As of Q2 2026, the net asset value of Bitget’s institutional clients has grown cumulatively by 45% since Q3 2025, and the number of core active market makers has risen from 90 to 248. Going forward, the platform will continue to refine its trading execution, asset security protocols, and institutional service workflows. Gra
Bitget CEO's 8th Anniversary Open Letter: From Follower to Innovation Leader, the Pursuit of Trading Excellence Is Never Complete
Bitget is celebrating its 8th anniversary, with CEO Gracy releasing an anniversary open letter. She candidly acknowledged that when Bitget proposed its Universal Exchange (UEX) strategy a year ago, there was no shortage of skepticism from the outside, but the team chose to respond with product execution. She stated that the starting point of UEX is to solve the fragmentation across assets, accounts, time, and geography, enabling users to trade global quality assets in a one-stop manner. Now that more and more leading exchanges are beginning to build out traditional financial trading, Gracy calls 2025 to 2026 the "first year of multi-asset trading."In the letter, Gracy wrote that over the past year, Bitget has moved from "follower" to "leader in product innovation," successively launching products including stock perpetual contracts, Pre-IPO, cross-asset unified accounts, rToken, and Hong Kong stock Quanto contracts. Data shows that non-crypto asset trading volume has peaked at 40% of the platform's total trading volume, TradFi contracts and CFDs both surpassed $10 billion in single-day trading volume, and rToken has accumulated over 3 million transactions.Looking ahead to the next phase, institutional business will become Bitget's core direction. As of Q2 2026, Bitget's institutional client net asset scale has grown 45% cumulatively compared to Q3 2025, with core active market makers increasing from 90 to 248. Going forward, the platform will continue to optimize trade execution, asset security, and institutional service pathways. Gracy wrote at the end of the open letter: "The pursuit of trading excellence has no completion—only continuous progress. The era of multi-asset trading has only just begun."
Anchorage Digital Partners with Frgmnt to Open fUSD and sfUSD Stablecoin Infrastructure to Institutions
Odaily News: Stablecoin protocol Frgmnt has partnered with digital asset custody and infrastructure company Anchorage Digital to open fUSD and sfUSD infrastructure to institutional clients. Clients can hold, mint, stake, and redeem the related protocol assets within Anchorage Digital's existing custody environment without needing to establish separate custody arrangements.Frgmnt issues two related assets on Base, with fUSD minted from USDC and deployed to designated onchain lending markets; users can stake fUSD to receive sfUSD and earn rewards generated by the protocol's strategies. Related holdings and performance metrics can be monitored through Frgmnt's analytics tools, Dune, and DefiLlama.Anchorage Digital operates Anchorage Digital Bank, the first federally chartered crypto bank in the United States, providing custody, staking, trading, and settlement services to institutional clients. Frgmnt stated that protocol deposits will be opened in capped batches, with the next round of deposits planned for September. (Bitcoin.com News)
trade.xyz launches Events feature, supporting cross-asset unified account trading
According to an official post from trade.xyz, trade.xyz has officially launched its Events feature, further advancing its vision of establishing Hyperliquid as a universal exchange. Users can execute a variety of operations through a single unified account, including depositing spot BTC, borrowing USDC, opening SpaceX pre-IPO perpetual contracts, hedging against SK Hynix earnings events, and predicting US Open outcomes. The Events market spans sports, politics, economic, and financial sectors. Initially rolling out Up/Down contracts for stocks, commodities, and pre-IPOs, pricing is settled based on the trade[XYZ] perpetual contract market price, rather than relying on external oracles.
trade.xyz Launches Events Feature, Initial Up/Down Markets Cover Stocks, Commodities, and Pre-IPO Assets
trade.xyz posted on X that it has launched Events, aiming to develop Hyperliquid into a unified trading system for trading financial assets and real-world outcomes. Users can deposit spot BTC into their unified trade.xyz account, borrow USDC through portfolio margin, open pre-IPO perpetual contract positions on SpaceX, use event markets to hedge against the upcoming SK Hynix earnings event, and pick the US Open champion. Events will cover sports, politics, economics, and financial markets; the initial Up/Down markets cover stocks, commodities, and pre-IPO assets, with liquidity provided by trade.xyz perpetual contracts on HIP-3, whose continuous price discovery mechanism serves as the source for contract settlement.
Related news
Joe Lubin Confirmed to Attend, Ethereum Ecosystem's Core Forces to Gather at the Ethereum Ecosystem Summit
Odaily News — The Ethereum Ecosystem Summit, jointly initiated by Sharplink, BlockUnion, and ETH HK Hub, and co-organized by Lido Institutional, will be held on October 8, 2026, in Singapore. The summit is aimed at Ethereum ecosystem builders, financial institutions, investors, and on-chain infrastructure teams, and will focus on discussions around Ethereum's long-term value, institutional adoption, and the development direction of agentic finance.Ethereum co-founder and Consensys founder Joe Lubin has confirmed his attendance and will hold a fireside chat with Sharplink CEO Joseph Chalom, reflecting on Ethereum's development over the past decade under the theme "Ethereum's Ten Years: From an Idea to the Future of Open Finance," and discussing the next phase of open finance.As one of the high-profile events focused on the Ethereum ecosystem during TOKEN2049, the summit will center on three core topics, including Ethereum's long-term value, infrastructure, and credible neutrality; institutional treasuries, asset tokenization, and on-chain infrastructure; and the agentic finance technology stack composed of stablecoins, tokenized assets, instant settlement, and autonomous commerce.The conference is also supported by ecosystem partners including SNZ, EthSystems, EthLabs, Ethereum Institutional, HashKey Capital, and Ethereum Singapore, and will invite representatives from fields such as Ethereum infrastructure, liquid staking, digital asset custody, payments, and on-chain finance to participate in discussions. More guests and the full agenda will be announced soon.
More than 12 banks, including Goldman Sachs and JPMorgan, expect the Fed to raise rates by 25 basis points in September
Odaily reports: More than 12 banks, including Goldman Sachs, JPMorgan, Bank of America, and Morgan Stanley, expect the Federal Reserve to raise interest rates by 25 basis points on September 16. The CME FedWatch tool shows that market pricing puts the probability of a September rate hike at 87.3%, up from 61.9% at the end of August.The U.S. core consumer price index rose 0.3% month-over-month in August, versus market expectations of 0.2%. The current federal funds rate target range is 3.50% to 3.75%. HSBC expects the Fed to raise rates in both September and December, while UBS expects a cumulative 50 basis points of tightening by year-end.The Federal Open Market Committee will begin a two-day meeting on September 15 and will announce its rate decision on September 16. Bitcoin previously briefly broke above $79,000 before falling back to around $77,000. (Bitcoin.com News)
Bitget CEO 8th Anniversary Open Letter: From Follower to Innovation Leader, the Pursuit of Trading Excellence is Never Complete
Bitget celebrates its 8th anniversary, with CEO Gracy releasing an anniversary open letter. She candidly acknowledged that when Bitget introduced the comprehensive exchange UEX strategy a year ago, there was plenty of skepticism from the outside, but the team chose to respond by bringing the products to life. She explained that UEX was designed to address the fragmentation across assets, accounts, time zones, and regions, enabling users to access premium global assets through a single platform. As more leading exchanges increasingly position themselves for traditional finance trading, Gracy has dubbed 2025–2026 the “first year of multi-asset trading.” In her letter, Gracy wrote that over the past year, Bitget transformed from a “chaser” into a “leader in product innovation,” sequentially rolling out products such as stock perpetuals, Pre-IPO allocations, cross-asset unified accounts, rTokens, and Hong Kong Stock Quanto contracts. Data shows that the peak trading volume for non-crypto assets now accounts for 40% of the platform’s total volume, while daily volumes for TradFi derivatives and CFDs have each surpassed $10 billion. Meanwhile, cumulative rToken transactions have exceeded 3 million. Looking ahead to the next phase, institutional business will emerge as Bitget’s core strategic focus. As of Q2 2026, the net asset value of Bitget’s institutional clients has grown cumulatively by 45% since Q3 2025, and the number of core active market makers has risen from 90 to 248. Going forward, the platform will continue to refine its trading execution, asset security protocols, and institutional service workflows. Gra
Bitget CEO's 8th Anniversary Open Letter: From Follower to Innovation Leader, the Pursuit of Trading Excellence Is Never Complete
Bitget is celebrating its 8th anniversary, with CEO Gracy releasing an anniversary open letter. She candidly acknowledged that when Bitget proposed its Universal Exchange (UEX) strategy a year ago, there was no shortage of skepticism from the outside, but the team chose to respond with product execution. She stated that the starting point of UEX is to solve the fragmentation across assets, accounts, time, and geography, enabling users to trade global quality assets in a one-stop manner. Now that more and more leading exchanges are beginning to build out traditional financial trading, Gracy calls 2025 to 2026 the "first year of multi-asset trading."In the letter, Gracy wrote that over the past year, Bitget has moved from "follower" to "leader in product innovation," successively launching products including stock perpetual contracts, Pre-IPO, cross-asset unified accounts, rToken, and Hong Kong stock Quanto contracts. Data shows that non-crypto asset trading volume has peaked at 40% of the platform's total trading volume, TradFi contracts and CFDs both surpassed $10 billion in single-day trading volume, and rToken has accumulated over 3 million transactions.Looking ahead to the next phase, institutional business will become Bitget's core direction. As of Q2 2026, Bitget's institutional client net asset scale has grown 45% cumulatively compared to Q3 2025, with core active market makers increasing from 90 to 248. Going forward, the platform will continue to optimize trade execution, asset security, and institutional service pathways. Gracy wrote at the end of the open letter: "The pursuit of trading excellence has no completion—only continuous progress. The era of multi-asset trading has only just begun."
Kalshi Co-Founder: Open Competition Drives Price Discovery, the Most Powerful Financial Markets Are Built on the Same Competitive Principles
Tarek Mansour, co-founder of prediction market platform Kalshi, posted on X stating that ahead of today's US Open final, Kalshi ran full-page ads in The Wall Street Journal, The New York Times, and The Washington Post.He used tennis legend Pete Sampras's career to illustrate his views on market competition. Mansour stated that open competition exposes weaknesses, rewards effective strategies, and forces participants to continuously improve—and the same applies to financial markets. In trading markets, different participants express their judgments about asset value through capital, more accurate information is rewarded, and ultimately a multitude of differing views converge into a single market price, thereby driving price discovery. He believes that a truly open market should allow anyone to participate, follow the same rules, and maintain transparency in prices and trading activity.
UK Crypto Regulation Enters Implementation Phase, FCA to Open Crypto Asset Authorization Applications on September 30
Zumo founder and CEO Nick Jones stated that the UK Financial Conduct Authority (FCA) will open the crypto asset authorization application window on September 30, with the new regulatory framework expected to officially take effect in October 2027. As the regulatory path becomes clearer, traditional financial institutions such as Hargreaves Lansdown, the UK's largest retail investment platform, are beginning to enter the crypto market, and the UK crypto industry will gradually shift toward compliant operations.