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Reach

Reach

REACH
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SocialFi collaboration platform

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Project Overview

Reach is a SocialFi collaboration platform designed for creators and contributors within the Web3 community. Reach enables anyone looking to promote their content to tap into a pool of engaged, verified, and audited user base, and remunerate them for their contribution to their network effects. Developed as a Discord Bot, it allows creators to easily set up missions to promote their content. Missions can be tailored by the target audience and consist of follows, likes, retweets, and comments on Tweets on the X.com platform. Certain missions also have a reward (ETH) attributed to them, which is selected, and funded by the creator, others have leaderboard points rewards, which can be used to purchase missions.

India Launches Demat 2.0 Pilot, Tokenized Corporate Bonds Reach $620 Billion

According to CoinDesk, India’s Securities and Exchange Board (SEBI) officially launched the Demat 2.0 pilot program this week, enabling corporate bonds to be issued as digital tokens on a distributed ledger and settled via the Reserve Bank of India’s (RBI) wholesale Digital Rupee. To date, state-owned power lender REC, engineering and construction giant Larsen & Toubro, and non-banking financial institution IIFL Finance have all successfully secured financing through the system, raising a combined total of over 1 billion rupees (approximately $114 million).

U.S. Department of Justice: Seized Hamas Cryptocurrency Fundraising Proceeds Reach $560,000

The U.S. Department of Justice announced that law enforcement agencies have seized over $560,000 in cryptocurrency funds to prevent them from reaching Hamas; simultaneously, the FBI has taken control of the relevant online fundraising websites.

Standard Chartered: RWA Tokenization Could Reach $4 Trillion, LINK May Rise to $200 by End of 2030

Odaily News: Standard Chartered Bank's Head of Global Digital Assets Research, Geoff Kendrick, stated that as the tokenization of Real World Assets (RWA) accelerates, the price of Chainlink (LINK) tokens could rise to $200 by the end of 2030, representing an increase of over 25 times from its current level of approximately $8.In his latest report, Kendrick predicts that the scale of tokenized RWA will reach $4 trillion by the end of 2028. As more traditional assets are brought on-chain, the demand for secure and reliable off-chain data is expected to increase significantly, which could further boost Chainlink's fee revenue and drive up LINK's valuation.The report also projects that by the end of 2030, the scale of tokenized assets and crypto-native assets deployed in decentralized finance (DeFi) will grow approximately 37-fold to reach $2.7 trillion. Kendrick believes these assets require trusted data, cross-network interoperability, privacy-preserving compliance mechanisms, and integration with the existing financial system—infrastructure that Chainlink currently has the capability to provide.Demand for RWA tokenization has continued to grow recently. Data shows that trading volume of tokenized RWAs on decentralized exchanges (DEXs) hit an all-time high of $14.1 billion in July, up 19.5% month-over-month, driven primarily by public market assets such as tokenized stocks.Currently, Chainlink remains one of the largest decentralized oracle service providers in the crypto industry, with a Total Value Secured (TVS) of approximately $34.4 billion—significantly higher than second-ranked Chronicle's $7.36 billion.However, Kendrick also noted that the prediction of LINK reaching $200 still faces risks, including institutional tokenization projects progressing slower than expected, intensified competition from specialized oracle service providers, and potential technical issues. (Cointelegraph)

Institutional Crypto Trading Platform LMAX Explores Sale or IPO, Valuation Could Reach $5 Billion

According to CoinDesk, institutional crypto trading platform LMAX Group is evaluating strategic options with Morgan Stanley and investment bank KBW, including a sale, a merger with a special purpose acquisition company, and an initial public offering in the US or Europe. Sources say the company's valuation could reach up to $5 billion, with a Nasdaq listing currently the preferred option.

Zhongji Innolight Approved to List in Hong Kong, Fundraising Scale Could Reach Up to $8 Billion

According to Bloomberg, Zhongji Innolight Co., Ltd. has received approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange to proceed with its Hong Kong listing plan. The company obtained the filing notice from the China Securities Regulatory Commission on Friday and had previously received clearance from the HKEX.

AI Chip Startup Positron Seeks $750 Million in Funding, Valuation Could Reach Up to $5 Billion

According to Bloomberg, AI chip startup Positron is negotiating a two-stage financing round targeting a raise of approximately $750 million. People familiar with the matter said the first stage values the company at approximately $3.5 billion, while the second stage valuation could rise to $5 billion.

Brazil's New Capital Rules Take Effect, Around 290 Crypto Exchanges Face Market Exit, Capital Requirements Reach Up to $7.2 Million

Odaily News: The Central Bank of Brazil's new regulations require virtual asset service providers to meet capital, audit, anti-money laundering, and continuous reporting compliance requirements, with capital requirements reaching up to 37.2 million reais, approximately $7.2 million. Of the current approximately 300 related institutions, only 20 to 25 may qualify to apply for authorization, and only 10 are expected to receive licenses.Some small platforms have already ended or restructured their retail operations, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute the relevant decisions to the new rules. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some operations may find it difficult to sustain.Relevant institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers. Isabel Longhi, Head of Public and Regulatory Policy for Latin America at Ripple, stated that market consolidation is expected to occur as Brazil's crypto market matures, but the new rules will limit innovation in the short term. (Bitcoin.com News)

Metropolitan Police: AI Fraud Reports Surge 395%, Losses Reach £9.6 Million

According to the first Annual Assessment Report on Fraud Reporting (fiscal year 2025/26) released by the City of London Police, AI-related fraud reports surged from 193 to 956, marking a 395 percent increase, while related losses skyrocketed from £1.2 million to £9.6 million. The report indicates that criminals are extensively leveraging AI-generated videos, voice cloning, and spoofed websites to carry out investment fraud, and are using cryptocurrency to transfer illicit proceeds. Between January and June 2026, over 180,000 victims received case outcome notifications, with the average review time compressed from 37 days to 5 days. The City of London Police has urged all victims to actively report incidents via the Report Fraud platform to assist law enforcement in identifying emerging threats and safeguarding more potential victims.

Russia's Compliant Crypto Trading Expected to Reach $46.43 Billion in First Year

Odaily News: Anatoly Popov, Deputy Chairman of the Executive Board at Sberbank, Russia's largest bank, stated that the country's compliant crypto trading is expected to reach at least 4 trillion rubles (approximately $46.43 billion) in its first year. The bank projects that as investors shift toward the official trading system, this figure could grow to approximately 7.5 trillion rubles (around $87.06 billion) by 2029.He noted that the majority of crypto trading volume will still flow outside the regulated exchange system, with only about 20% of trading volume—amounting to 3.5 trillion to 4 trillion rubles per year—expected to be conducted through exchanges in the first year. The relevant framework will take effect on September 1, allowing investors to legally purchase crypto assets through brokers.Non-qualified investors will be permitted to purchase up to 300,000 rubles in crypto assets annually through a single licensed intermediary, and must pass a risk awareness test; qualified investors have a higher annual cap of 3 million rubles. Official exchanges will initially only be allowed to trade Bitcoin, Ethereum, and USDT, with all other altcoins excluded; exchanges must complete their registration by July 1, 2027. (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.

US and Iran Reach Ceasefire Consensus, Canada Continues Strategic Maneuvering with the US

Russian media reported that the US and Iran have reached an agreement on the terms of a ceasefire deal, while Iran and Oman plan to jointly establish a secure maritime corridor. Hawkish Federal Reserve officials have recently spoken out publicly, as Canada and the United States continue their sustained strategic competition over economic and trade policies.

tZERO and Sui Reach Strategic Integration to Support Regulated Digital Asset Securities Infrastructure

Blockchain financial infrastructure company tZERO Group has announced a strategic partnership with the Sui blockchain, directly integrating with the Sui network to provide issuance, transfer agency, custody, trading, compliance, and settlement support for regulated digital asset securities.

JPMorgan: Bitcoin ETP Fund Concentration Surges, Weekly Net Outflows Reach $1.126 Billion

According to Tide Research, JPMorgan's research report dated September 8, 2026 noted that on September 4, U.S. spot Bitcoin ETPs recorded a net outflow of $175 million, Ethereum ETPs saw a net inflow of $9 million, and Solana ETPs posted a net outflow of $5 million. For the week, the three major categories combined for a net outflow of $1.126 billion, showing a slight slowdown compared to the previous two weeks. Capital inflows were highly concentrated, with BlackRock's IBIT recording a single-day inflow of $118 million and Fidelity's FBTC seeing an inflow of $57 million, while all other products registered zero inflow. Significant internal hedging was observed within Ethereum ETPs, as BlackRock's ETHA posted an inflow of $58 million against a $48 million outflow for Fidelity's FETH. The total AUM for Bitcoin ETPs stands at $101.25 billion.

[Garrett Jin Whale Entity] Adds to ZEC Shorts at Highs, Unrealized Losses Reach $24 Million

According to data monitored by on-chain analyst Ember (@EmberCN), the [Garrett Jin whale entity] added 7,000 ZEC (approx. $8.4 million) in short positions against the trend as the ZEC price climbed to $1,195, expanding its total short position to 39,760 ZEC (approx. $47 million). This lifted the average short entry price from $444 to $576.3, leaving an overall unrealized loss of approximately $24 million. This entity initially opened a 32,760 ZEC short at $444 in early July, when the ZEC price was under $400, whereas it has since surpassed $1,200, marking a gain of over 200% in three months and keeping the short position under continuous pressure.

Bitwise Solana ETF Surpasses $1 Billion in Assets Under Management, Becoming First Product to Reach Milestone

Bloomberg ETF analyst Eric Balchunas stated that the Bitwise Solana ETF’s assets under management have surpassed $1 billion, making it the first Solana ETF to reach that scale. Cumulative inflows for the category have reached $1.7 billion, and despite experiencing sluggish markets in the first half of the year, the category has largely avoided sustained outflows.

Standard Chartered: Bitcoin Could Reach $126,000 by Year-End; Previous $100,000 Target Too Conservative

Odaily News: Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that the forecast of Bitcoin reaching $100,000 by the end of the year may be too conservative, and there is a possibility of challenging the previous all-time high of $126,000 before the year ends.On Friday, Kendrick noted that the recent Bitcoin rally has been primarily driven by short liquidations, while inflows into spot Bitcoin ETFs have also begun to recover. Given the currently low open interest levels in the market, more investors could re-enter as prices rise, providing further momentum for the rally."This is the first time this year that I've seen a risk that my year-end target of $100,000 may be too low," Kendrick said.Kendrick believes that Bitcoin's rebound momentum could accelerate further after October 6. Meanwhile, several market observers also believe the bear market may be nearing its end. Cory Klippsten, CEO of Swan Bitcoin, previously stated that Bitcoin could bottom out in October; Markus Thielen, founder of 10x Research, suggested that if the August monthly close stays above $63,000, it could confirm the formation of a bear market bottom. (Cointelegraph)

Standard Chartered Says Bitcoin Could Reach $100,000 by Year-End

渣打银行分析师 Geoff Kendrick 表示,在美国财政部扩大长期债券回购计划背景下,比特币有望在 2026 年底涨至 10 万美元。

A Certain Whale Acquires Another 10,000 ETH, Cumulative Holdings Reach 37,000

According to on-chain analyst Ai Yi (@ai_9684xtpa), over the past 5 hours, address 0x8c5…A04b1 received 10,000 Ethereum from Galaxy Digital, valued at approximately $19.1 million at current prices. Since July 23, this address has accumulated 37,000 Ethereum, with a total value of approximately $71.13 million, an average withdrawal price of about $1,922.5, and an estimated unrealized loss of approximately $908,000 at current prices.

Ledger: Coldcard Vulnerability Losses Reach Approximately $130 Million, Hardware Wallet Security Needs to Adapt to AI

Odaily News: Hardware wallet manufacturer Ledger has stated that the recent Coldcard vulnerability indicates the hardware Bitcoin wallet industry needs to reassess its security model. Ledger CTO Charles Guillemet stated that Ledger devices were not affected, as their recovery phrases are generated by a hardware random number generator built into a certified secure element. Coldcard manufacturer Coinkite disclosed last week that its air-gapped Coldcard Bitcoin hardware wallet contains a vulnerability traceable to firmware versions from March 2021. The vulnerability uses a software fallback mechanism to generate wallet recovery seeds, allowing certain private keys to be guessed, with related losses reaching approximately $130 million. Coinkite released a fixed firmware on Sunday and urged affected users to transfer funds to newly generated wallets. Charles Guillemet stated that open source is different from being audited — the flaw had existed in public code for over five years, and AI is enabling attackers to scan code and identify vulnerabilities at machine speed. Charles Guillemet also said that over the past two years, Ledger has combined AI with security engineers and cryptography experts to review code and identify vulnerabilities. He believes that when evaluating hardware wallets, users should understand how randomness is generated and whether that process has received independent certification.

BONK Governance Attacker Transfers Another 400 Billion BONK to Coinbase, Cumulative CEX Inflows Reach 1.626 Trillion

According to monitoring by Yu Jin, the address that previously transferred BONK worth $21.2 million from the Bonk treasury through a governance proposal, after moving 1.186 trillion BONK (approximately $4.11 million) to Binance yesterday, has today transferred another 400 billion BONK (worth about $1.28 million) to Coinbase.Data shows that of the 4.426 trillion BONK removed from the Bonk treasury via the governance proposal by this address, 1.626 trillion BONK (approximately $5.58 million) have been moved to centralized exchanges. Additionally, in the 11 days since the address began withdrawing assets from the Bonk treasury, the price of BONK has fallen by approximately 36%, dropping from $0.0000047 to $0.000003.

Standard Chartered: SKY Token Could Reach $0.325 in 2028

According to Cointelegraph, Standard Chartered Bank published a report providing first-time coverage of the SKY token from the decentralized finance platform Sky, assigning it a year-end 2028 target price of $0.325. This represents an approximate fivefold increase from the $0.065 reference price cited in the report. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, compared Sky to a "federal bank," noting its issuance of stablecoins, establishment of governance frameworks, and charging of wholesale interest rates to borrowers.

Metropolitan Police: AI Fraud Reports Surge 395%, Losses Reach £9.6 Million

According to the first Annual Assessment Report on Fraud Reporting (fiscal year 2025/26) released by the City of London Police, AI-related fraud reports surged from 193 to 956, marking a 395 percent increase, while related losses skyrocketed from £1.2 million to £9.6 million. The report indicates that criminals are extensively leveraging AI-generated videos, voice cloning, and spoofed websites to carry out investment fraud, and are using cryptocurrency to transfer illicit proceeds. Between January and June 2026, over 180,000 victims received case outcome notifications, with the average review time compressed from 37 days to 5 days. The City of London Police has urged all victims to actively report incidents via the Report Fraud platform to assist law enforcement in identifying emerging threats and safeguarding more potential victims.

Ripple and University of Florida Reach Multi-Year Partnership Agreement, $5 Million Annual Sponsorship for Stadium Branding Rights

Odaily News: The University of Florida has announced a multi-year sponsorship partnership with Ripple, with the XRP brand logo set to debut at Ben Hill Griffin Stadium starting this Saturday's game against Florida Atlantic University. Sources familiar with the matter revealed that the partnership brings in approximately $5 million in annual revenue to the university, though neither party has disclosed specific financial terms. In addition to stadium branding rights, Ripple will also receive digital media and in-game presentation rights, while supporting financial literacy and digital asset education programs for student-athletes and the campus community. (Apnews)

Aave V4 Deposits Surpass $800 Million, Weekly Gains Reach 30%

According to The Defiant, Aave V4 user deposits reached a new high of $806 million, with a 30% increase over the past seven days. Of these, the Ethereum Core market holds $378 million in deposits, EtherFi Cash (deployed on Optimism) ranks second with $257 million, while Ethereum Global Dollar and Ethereum Prime contributed $75 million and $63 million respectively. The primary deposit assets are weETH ($97 million), USDG ($90 million), and WETH/USDC ($81 million each). V4's current active loan volume stands at $216 million, including $62 million in loans from the EtherFi market, with the utilization rate for borrowing WETH against weETH collateral reaching as high as 92%. In comparison, Aave V3's deposit scale remains at $31 billion, far exceeding V4.

Justin Sun: Bitcoin Will Take a Long Time to Reach Quantum-Resistant Consensus; TRON Plans to Upgrade to a Quantum-Resistant Network by Year-End

Odaily News, Justin Sun stated at the Bitcoin Asia 2026 conference in Hong Kong that the threat of quantum computing to blockchain and the entire financial system is widespread, with traditional banks such as JPMorgan facing the same risks. Due to the highly decentralized nature of the Bitcoin community, which involves multiple participants including miners, exchanges, and WBTC, reaching a quantum-resistant consensus will take a considerable amount of time. Justin Sun stated that TRON has been researching quantum-resistant mechanisms over the past year, having released a quantum-resistant address solution and launched it on the testnet in the first half of this year. The project plans to upgrade the entire network into a mainstream crypto network with quantum-resistant capabilities by the end of this year.

tZERO and Sui Reach Strategic Integration to Support Regulated Digital Asset Securities Infrastructure

Blockchain financial infrastructure company tZERO Group has announced a strategic partnership with the Sui blockchain, directly integrating with the Sui network to provide issuance, transfer agency, custody, trading, compliance, and settlement support for regulated digital asset securities.

Related news

Brazil's New Capital Rules Take Effect, Around 290 Crypto Exchanges Face Market Exit, Capital Requirements Reach Up to $7.2 Million

Odaily News: The Central Bank of Brazil's new regulations require virtual asset service providers to meet capital, audit, anti-money laundering, and continuous reporting compliance requirements, with capital requirements reaching up to 37.2 million reais, approximately $7.2 million. Of the current approximately 300 related institutions, only 20 to 25 may qualify to apply for authorization, and only 10 are expected to receive licenses.Some small platforms have already ended or restructured their retail operations, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute the relevant decisions to the new rules. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some operations may find it difficult to sustain.Relevant institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers. Isabel Longhi, Head of Public and Regulatory Policy for Latin America at Ripple, stated that market consolidation is expected to occur as Brazil's crypto market matures, but the new rules will limit innovation in the short term. (Bitcoin.com News)

Tom Lee: Crypto Market Will Be "Very Bullish" Over the Next 12 Months, Tokenization Market Opportunity Could Reach $20 Trillion

Odaily reports: Tom Lee, co-founder and Head of Research at Fundstrat and Chairman of BitMine, said in an interview with Wealthion that he expects the next 12 months to be a "very bullish" period for the crypto market. Lee believes that after the market experienced over $19 billion in leveraged position liquidations in October last year, a large amount of leverage has been cleared out, and based on the crypto market's four-year cycle, the cycle bottom could appear next month.Lee is also bullish on the long-term opportunities brought by asset tokenization. He estimates that if approximately $100 trillion in traditional assets migrate on-chain in the future and generate about 1% in related revenue opportunities, this could correspond to roughly $1.1 trillion in annual revenue and $20 trillion in potential market value. Currently, BitMine holds approximately 5.93 million ETH, and its ETH holdings are reportedly showing unrealized losses of about $5 billion.

Standard Chartered: SKY Token Could Reach $0.325 in 2028

According to Cointelegraph, Standard Chartered Bank published a report providing first-time coverage of the SKY token from the decentralized finance platform Sky, assigning it a year-end 2028 target price of $0.325. This represents an approximate fivefold increase from the $0.065 reference price cited in the report. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, compared Sky to a "federal bank," noting its issuance of stablecoins, establishment of governance frameworks, and charging of wholesale interest rates to borrowers.

India Launches Demat 2.0 Pilot, Tokenized Corporate Bonds Reach $620 Billion

According to CoinDesk, India’s Securities and Exchange Board (SEBI) officially launched the Demat 2.0 pilot program this week, enabling corporate bonds to be issued as digital tokens on a distributed ledger and settled via the Reserve Bank of India’s (RBI) wholesale Digital Rupee. To date, state-owned power lender REC, engineering and construction giant Larsen & Toubro, and non-banking financial institution IIFL Finance have all successfully secured financing through the system, raising a combined total of over 1 billion rupees (approximately $114 million).

JPMorgan: Bitcoin ETP Fund Concentration Surges, Weekly Net Outflows Reach $1.126 Billion

According to Tide Research, JPMorgan's research report dated September 8, 2026 noted that on September 4, U.S. spot Bitcoin ETPs recorded a net outflow of $175 million, Ethereum ETPs saw a net inflow of $9 million, and Solana ETPs posted a net outflow of $5 million. For the week, the three major categories combined for a net outflow of $1.126 billion, showing a slight slowdown compared to the previous two weeks. Capital inflows were highly concentrated, with BlackRock's IBIT recording a single-day inflow of $118 million and Fidelity's FBTC seeing an inflow of $57 million, while all other products registered zero inflow. Significant internal hedging was observed within Ethereum ETPs, as BlackRock's ETHA posted an inflow of $58 million against a $48 million outflow for Fidelity's FETH. The total AUM for Bitcoin ETPs stands at $101.25 billion.

Qualcomm and Amazon Reach Multi-Year AI Chip Cooperation Deal, Amazon Can Purchase Up to $4 Billion in Qualcomm Stock

Odaily News: Qualcomm has announced a multi-generational data center chip cooperation agreement with Amazon, which will develop custom chips for Amazon Web Services' (AWS) AI infrastructure.Under the agreement, Amazon also gains the right to purchase up to $4 billion in Qualcomm stock. This cooperation marks Qualcomm's formal expansion into the data center AI chip business, positioning it for more direct competition with existing AI chip suppliers such as Nvidia. (Bloomberg)