News linked to this event type.
The escalation of Middle East conflicts and rising expectations for Fed rate hikes have fueled inflation concerns, causing LME copper futures to retreat from seven-month highs, while divergent inventory trends and high borrowing costs weigh on the demand outlook.
Odaily News: The U.S. Federal Bureau of Investigation (FBI) has seized approximately $560,000 in cryptocurrency and taken control of the domain and servers of a fundraising website linked to Hamas. The U.S. Department of Justice stated that these funds were allegedly intended for use by Hamas's military wing, Al Qassam Brigades.Investigators tracked and confiscated the relevant crypto assets based on three seizure warrants issued on March 25, June 25, and October 10, 2025. Court documents show that the assets involved include Bitcoin, Ethereum, Wrapped Ethereum, Tether (USDT), and TRON (TRX), distributed across 18 addresses controlled by Tether and 3 Binance accounts.According to court documents, encrypted chat groups had directed supporters to visit AlQassam.ps and solicited donations via rotating wallet addresses. After the FBI took over the relevant domain and servers, it obtained information on thousands of individuals who had contacted Hamas to inquire about making donations. (Decrypt)
On September 3, the Middle East conflict continued to escalate as Iran retaliated against US airstrikes by targeting US assets across multiple countries and claiming the downing of 50 drones. Shipping through the Strait of Hormuz was disrupted, and the Iranian rial exchange rate fell below the 2.2 million mark, reaching a historic low.
A platform under Coinbase has officially launched cryptocurrency derivatives trading services for eligible Canadian customers, initially rolling out 23 crypto contracts and the Coinbase 50 Index, making it the first large crypto-native platform in the country to offer such services.
Odaily News: Goldman Sachs, Bank of America, Citigroup, and 21 other financial institutions announced on Tuesday their commitment to form a company that will jointly issue a U.S. dollar stablecoin, with plans to launch in the first half of 2027. The company is expected to be established in the second half of 2026, though the name has yet to be determined and closing conditions must still be met.The alliance's membership spans North America, Europe, East Asia, the Middle East, and Africa, more than doubling the initial 10 institutions that first explored the initiative in October 2025. The stablecoin will target wholesale, institutional, and retail markets, with initial use cases including cross-border payments and digital asset settlement.This stablecoin constitutes a liability of the commercial company, backed by reserve assets held by banks, and does not involve the Federal Reserve's balance sheet. The project plans to comply with the U.S. GENIUS Act and, where applicable, the EU's MiCA framework. Following the launch of the U.S. dollar stablecoin, a euro version will be issued, with subsequent expansion to other G7 currencies. (Decrypt)
Odaily News Crypto enterprises, asset managers, market makers, and consumer advocacy groups have submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for input on the regulatory framework for "novel ETFs," covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies.Crypto industry organization Crypto Council for Innovation (CCI) recommended extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (A16z) stated that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all novel ETFs as a single category.Grayscale opposed adding new portfolio restrictions for mature digital asset products, while Chainalysis suggested leveraging public blockchains to enable real-time monitoring and verifiable disclosures. Kalshi expressed support for including event contracts in registered funds, whereas consumer advocacy group Public Citizen opposed offering event contract ETFs to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or craft separate rules based on product structure and risk. (Decrypt)
Odaily Odaily News: Tokenized real-world asset management firm Ondo Finance stated that existing U.S. securities laws can support perpetual futures tied to individual stocks without the need for new rules, applying the current securities and futures framework.On August 24, Ondo Finance submitted three comment letters to the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), recommending the introduction of related products within the United States while incorporating modern margin mechanisms and on-chain market data.Its Panamanian subsidiary has already been offering stablecoin-settled perpetual futures on U.S.-listed stocks outside the United States. As of August 14, the platform, which launched approximately six weeks ago, has accumulated a trading volume of $8 billion. Ondo Finance manages and distributes approximately $2.6 billion in tokenized real-world assets, ranking fourth in the sector. (Cointelegraph)
Today's key focus includes the release of macroeconomic data from multiple countries, such as the Federal Reserve Beige Book, the US ISM Non-Manufacturing PMI, and initial jobless claims, as well as the speaking schedule for multiple Federal Reserve governors.
MiniMax H3 Max has launched on OpenRouter, with official claims that it is faster and cheaper than H3. In a side-by-side comparison using the same prompt, generation time was reduced from approximately 3.5 minutes to roughly 30 seconds, and the price per clip dropped from $0.65 to $0.40.
Google Gemini 3.8 Flash has now launched on Gemini, Google AI Studio, and the API. According to Testing Catalog, the model scored 71% on the DeepSWE 1.1 benchmark, close to Claude Opus 5’s 74%, but at a much lower price. Regarding pricing, input costs $0.75 and output (including thinking tokens) costs $3.75 before December 31, 2026; starting January 1, 2027, these rates will increase to $1.50 and $7.50 respectively.
Odaily News: Crypto trader Rune has issued another statement on the X platform, clarifying that a previous tweet about acquiring a U.S.-listed company was an "AI slop post" generated by Claude, and that the data involved was not factual, with numbers being fabricated and exaggerated.Rune's earlier posts promoting a plan to "tokenize Nasdaq low-market-cap stocks + Meme coins" and claiming the acquisition of a 37.4% stake in a Nasdaq-listed company were written and published by Claude. Possibly affected by this, the stock price of Nasdaq-listed FAMI (Farmmi, Inc.), as well as the prices of Meme coins JINQIAN and FAMI, all experienced significant fluctuations today.
According to Bloomberg, Microsoft-backed AI company G42 has held initial discussions with potential investors to raise billions of dollars, potentially becoming one of the first government-linked artificial intelligence firms in the UAE to expand its capital base through external financing. Sources familiar with the matter stated that the funding amount and deal structure have not yet been finalized, and discussions remain in the exploratory phase. G42 had previously advanced data center projects in Abu Dhabi alongside Microsoft and OpenAI, while also securing backing from Microsoft and other companies.
According to Circle's official blog, Circle's cross-chain infrastructure CCTP has officially expanded support for native cross-chain transfers of the euro stablecoin EURC. EURC operates on the same "burn-and-mint" model as USDC, with initial cross-chain settlement support between Ethereum and Base. Developers can transfer both USDC and EURC via a single unified interface without connecting to multiple bridge providers, effectively reducing integration complexity and enhancing liquidity efficiency. EURC is issued by a regulated affiliate of Circle, while CCTP does not hold or manage user assets.
AI-powered customer service startup Wonderful has raised $550 million in its Series C funding round, valuing the company at $5 billion. Led by Insight Partners, the round included Salesforce as a new investor, with participation from Index Ventures, Bessemer Venture Partners, IVP, and other firms. In just 20 months since launch, Wonderful’s enterprise agent platform has entered over 30 markets and deployed hundreds of agents across more than a dozen vertical industries, addressing applications ranging from customer service to internal employee systems.
Odaily News: Bloomberg ETF analyst Eric Balchunas stated on the X platform that over the past six months, Bitcoin's correlation with U.S. stocks has been lower than that of gold, small-cap stocks, emerging market equities, and even U.S. Treasuries. Eric Balchunas noted that he verified the data after seeing related posts. Bitcoin's correlation has remained around 0.40, while correlations for gold and U.S. Treasuries have increased. Eric Balchunas said that although this time window is relatively short, the situation is still worth noting and does not support the claim that "Bitcoin is only correlated with QQQ."
Odaily News, according to Lookonchain monitoring, JINQIAN reached a market cap of $70 million just 1 hour after launch. An address purchased 6.28 million JINQIAN with 8 ETH ($19K) in a single trade, then sold them for 82.54 ETH ($198K), netting a profit of 74.54 ETH ($178.6K) — a 10x return.
Crypto trader Rune posted a screenshot on X, stating that tweets previously published promoting a "Nasdaq low-cap stock tokenization + Meme coin" plan and claiming the acquisition of a 37.4% stake in a Nasdaq-listed company were written and posted by Claude. Potentially affected by this, shares of Nasdaq-listed FAMI retreated, currently trading at $0.33 with gains narrowing to 177.34%. Additionally, meme coins JINQIAN and FAMI both pulled back sharply from their highs.
According to Decrypt, Build American AI, an advocacy group under the super PAC "Leading the Future" backed by Marc Andreessen, Ben Horowitz, and OpenAI President Greg Brockman, has announced it will invest millions of dollars in advertising across Kansas, Ohio, and Wisconsin to strongly support data center construction. However, a recent poll from the Annenberg Public Policy Center shows that 61% of U.S. respondents oppose building new data centers locally, a significant rise from 49% earlier this year. A majority opposed the projects across all major political affiliations, with Democrats at 69%, Republicans at 54%, and Independents at 53%. President Trump commented on the matter, stating that communities resisting data centers would be "backward and poor," and warned that China is eager to see this backlash. Currently, New York has imposed a moratorium on hyperscale data centers, Texas has halted approvals, and multiple cities have followed with bans. According to Data Center Watch, approximately $130 billion in projects faced obstacles or delays in the first quarter of 2026.
Odaily News, Bitwise CEO stated on the X platform that PAPY, the Bitwise Premium RWA Vault, went live today. Finance is moving on-chain, and RWA is bringing "real-world" yields on-chain. PAPY now provides related yield sources for stablecoin holders.
Odaily News: predict.fun announced on platform X that it has launched new 15-minute up/down markets, including SPY/USDT and QQQ/USDT.