News linked to both this project and an event.
Odaily News: Bitget has announced an upgrade to its Proof of Reserves (PoR) system, expanding asset coverage from the original 4 cryptocurrencies to 19 major assets, with newly added tokens including XAUT, SOL, BNB, USDGO, and others. This upgrade simultaneously expands the scope of platform-level reserve disclosure and individual asset proof verification. Users can view each asset's reserve ratio, scale, and on-chain distribution through the PoR page, and use Merkle Tree to independently verify whether their personal holdings are included in the reserve snapshot.Bitget has been publishing monthly reserve reports since December 2022, and as of August 2026, has published 45 consecutive issues, with the latest overall reserve ratio at 122%. Bitget CEO Gracy stated that as the variety of assets supported by the platform continues to increase, reserve transparency and verification capabilities also need to expand in tandem, enabling more users to independently verify their assets and further enhancing platform transparency.
Odaily News - The Ave × BNB Chain × Four.meme bStocks trading competition has now introduced a rules update, adding Four.Meme 4Stock mode to the event's eligible scope.4Stock is an innovative Meme trading mode created by Four.meme based on stock narratives, combining traditional market hotspots with the on-chain Meme ecosystem to deliver a brand-new trading experience for users.Starting September 8, trading volume generated from participating in and trading Four.Meme 4Stock-related assets will be counted toward the event's valid trading volume. Users who meet the rules can compete on the leaderboard for a share of the total 150,000 USDT trading competition prize pool, which includes a 50,000 USDT Four.meme exclusive prize pool.In addition, individual participants in the competition can win up to 20,000 USDT in rewards.
According to The Block, the Blockchain Association has submitted comments on the stablecoin issuer rules under the GENIUS Act, proposed jointly by U.S. Treasury agencies including the Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the Federal Reserve. The association supports limiting Customer Identification Program (CIP) obligations to direct customer transactions in the primary market, emphasizing that they should not extend to peer-to-peer transfers in the secondary market. It also calls on regulators to further clarify the definitions of "account," "customer," and "digital asset service provider," exempt one-time redemptions and other non-recurring activities, and avoid duplicative compliance burdens alongside anti-money laundering regulations. The association stated that the implementation of the rules must strike a balance between ensuring stablecoin security, maintaining operational feasibility, and preserving room for industry innovation.
According to The Nation, the Nigerian Tax Authority issued the "Virtual Asset Tax Guidelines", explicitly incorporating income from virtual asset transactions such as cryptocurrencies, stablecoins, utility tokens, security tokens, and non-fungible tokens into the existing tax system. The guidelines stipulate that gains generated from asset disposal, exchange, and transfer, as well as income derived from mining, staking, airdrops, token rewards, etc., must be taxed in accordance with the law. Virtual asset service providers are also required to fulfill obligations regarding tax registration, transaction information reporting, and suspicious transaction reporting to strengthen tax compliance and regulatory transparency in the country's digital asset sector.
According to monetsupply.eth, Spark’s Strategy Lead, in a post on X, Spark has long maintained a relatively high borrowing interest rate cap for its SparkLend ETH market. Although this policy caused many users to migrate to Aave—resulting in substantial loss of business and revenue—the current market liquidity crisis has validated the prudence of this strategy. Presently, Aave is experiencing severe liquidity shortages across multiple chains—including Ethereum Mainnet, Arbitrum, Polygon Plasma, Mantle, and Base—with ETH borrowing utilization reaching 100%. This has prevented depositors from withdrawing funds and hindered normal liquidation of ETH collateral. He warns that if the current liquidity crunch persists, a 15–20% drop in ETH’s price could expose Aave to widespread bad debt—compounded by the potential impact of the rsETH vulnerability incident.
According to The Block, the UK’s Financial Conduct Authority (FCA) has published a new consultation paper seeking feedback on how to bring digital asset activities—including stablecoin issuance, trading platforms, custody, and staking—under regulatory oversight. The consultation period ends on 3 June 2026. Crypto firms will be able to begin applying for FCA authorization as early as 30 September 2026, and the new regulatory regime is expected to officially take effect in 2027. The FCA stated that, prior to the new regime coming into force, crypto assets are largely unregulated in the UK—except for financial promotions and anti-financial crime oversight. Industry insiders note that the UK’s progress on crypto regulation clearly lags behind Europe, which has already established a comprehensive enforcement framework; however, some practitioners view the FCA’s systematic, phased implementation approach positively.