News linked to this event type.
The U.S. Department of the Treasury has issued proposed rules on the GENIUS Act and opened a 60-day public comment period. The Act is scheduled to take effect in January 2027, requiring a federal or state license for payment stablecoin issuance.
According to CoinDesk, Compound Finance has completed leadership adjustments and approved its largest-ever decentralized autonomous organization budget of $52 million to drive the transition towards institutional decentralized finance. The protocol plans to focus on attracting institutional users and expand operations around real-world assets, partner integrations, and traditional financial market credit infrastructure.
Odaily News: Decentralized lending protocol Compound Finance has completed a leadership overhaul and approved a record $52 million budget. The protocol's total value locked has fallen from a peak of $12 billion in 2021 to $1.2 billion, and it is now seeking to restore growth. Compound Finance is pivoting to serve institutional clients, developing real-world asset products, partner integration solutions, and credit infrastructure to meet the compliance and technical standards of traditional finance. Industry executives say Compound Finance's new leadership team and substantial budget align with the broader shift within the decentralized finance sector toward serving financial institutions. The sector's overall assets had previously declined due to market weakness and security breach incidents. (CoinDesk)
Odaily News GitHub's official status page shows that the platform is currently experiencing service anomalies, with multiple core features seeing degraded availability.According to the latest announcement, GitHub's web interface and API request error rates once reached approximately 20%, while error rates for repository archive downloads and raw repository content downloads stood at around 50%. Additionally, SAML and OIDC authentication, SCIM, and Team Sync features have also been affected.Currently affected services include: Pull Requests performance degradation; Issues performance degradation; Actions (automated workflows) performance degradation; Webhooks performance degradation; API Requests experiencing anomalies; GitHub Copilot experiencing degraded availability.GitHub stated that its team is continuously investigating the root cause of this incident and will provide further updates once more information becomes available.As of now, GitHub has not disclosed the specific cause of this outage, nor has it indicated whether a security incident is involved. This service disruption may impact developers and enterprise users who rely on GitHub for code hosting, continuous integration and deployment, and AI-assisted development.
Odaily News According to sources familiar with the matter, Nvidia will provide approximately $100 billion in credit financing support for a hyperscale AI data center campus leased by OpenAI. The data center project, located in Ohio, USA, is one of the largest planned AI infrastructure projects globally. The financing support from Nvidia will help OpenAI complete the first phase of the project, which is expected to last about two years and cover roughly half of the entire project's construction scale.Sources indicate that this financial support may not only be used for data center construction financing but could also partially go toward purchasing Nvidia AI chips. (The Information)
Odaily News The U.S. Department of the Treasury released on August 17 a Notice of Proposed Rulemaking (NPRM) regarding the implementation rules for the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), and is seeking public comments to advance the establishment of a U.S. regulatory framework for payment stablecoins.Treasury Secretary Scott Bessent stated that the Trump administration and Congress have driven the passage of the GENIUS Act, establishing a "landmark regulatory framework and clear rules" for payment stablecoins, and the Treasury is accelerating the implementation of related systems. He stated that the Treasury hopes to support innovation and development by U.S. companies by providing regulatory certainty, while consolidating the U.S. dollar's status as the global reserve currency and positioning the United States as a global hub for crypto assets.Under the GENIUS Act, starting January 18, 2027, any entity seeking to issue payment stablecoins in the United States will generally be required to obtain an appropriate federal or state license. Additionally, digital asset service providers will generally be prohibited from offering, selling, or distributing payment stablecoins issued by foreign entities to the U.S. market, unless the foreign issuer has the technical capability to comply with U.S. regulatory requirements and can adhere to relevant arrangements reached between the United States and the issuer's jurisdiction.Starting July 18, 2028, the Act further requires that digital asset service providers generally may not offer or sell payment stablecoins to "U.S. persons" unless the relevant stablecoins are issued by a licensed issuer.The Treasury's draft rules primarily provide regulatory interpretation on two key issues: first, clarifying what constitutes "issuing payment stablecoins in the United States" to help issuers determine when they need to obtain a license under the GENIUS Act; second, clarifying what constitutes "offering or selling payment stablecoins to U.S. persons" to provide compliance guidance for companies participating in the U.S. stablecoin market.The U.S. Department of the Treasury stated that the public comment period will last 60 days following publication in the Federal Register, during which the public and industry participants may submit comments.
Odaily News: The Dutch National Cyber Security Centre (NCSC) has reported that attackers are exploiting a vulnerability in Apple's macOS Screen Sharing feature to take control of devices and install Monero mining programs. Multiple systems with port 5900 exposed to the internet have been compromised, with attackers gaining root access. The vulnerability, tracked as CVE-2026-65400, has a severity score of 7.1 out of 10. It stems from a state management error in the authentication process, allowing remote attackers to bypass login verification without valid credentials. Public proof-of-concept code has already been circulated. Apple has addressed the issue in macOS Sequoia 15.7.9, Sonoma 14.8.9, and Tahoe 26.6.1. The NCSC advises users to update their systems promptly and avoid exposing the Screen Sharing service directly to the internet. (Decrypt)
According to PRNewswire, Cannan Technology released its Bitcoin production and mining operations update for July 2026. In July, the company mined a total of 46 Bitcoins and held 1,917 BTC and 3,952 ETH on its balance sheet at the end of the month. Its non-joint venture business installed hashrate at month-end was 10.05 EH/s, joint venture business installed hashrate was 4.85 EH/s; joint venture business operating hashrate rose to 4.20 EH/s.
According to the official announcement, HTX will open NiuLai/USDT spot trading and grid trading on August 17 at 22:00 (UTC+8). NiuLai deposit service is now open, and withdrawal service will open on August 18 at 22:00.
Bitget launches a new CandyBomb round with a total prize pool of 20,000 USDT. This event is exclusive to new futures users. The participation period is from 20:00 on August 17 to 20:00 on August 27 (UTC+8).
: The Central Bank of Russia has released a draft regulation proposing to include digital currencies in the asset scope for calculating prudential regulation metrics such as capital adequacy ratios for professional financial market participants, applicable to institutions including brokers, asset management companies, forex dealers, and cryptocurrency exchangers. The draft stipulates that relevant institutions may only include cryptocurrencies approved for exchange trading when calculating their own funds, with the value not exceeding 25% of the total assets included in the calculation, and such assets must be registered and held in custody by crypto custodians. The Central Bank of Russia stated that this move aims to incorporate crypto asset risks into capital regulation and enhance the financial stability of financial intermediaries. (TASS)
Odaily News - Hyperliquid Policy Center announced that it has recently submitted a joint comment letter with Douro Labs to the U.S. Securities and Exchange Commission (SEC), supporting the SEC's proposal to rescind Rule 611 of Regulation NMS (the "Trade-Through Rule") and calling on regulators to establish a clearer Best Execution regulatory framework for on-chain markets.The Hyperliquid Policy Center believes that the current Trade-Through Rule is built on traditional securities market structures and is clearly incompatible with blockchain-native trading models. HPC and Douro Labs put forward three recommendations in their joint comment letter:First, they support the SEC in rescinding the Trade-Through Rule. The two companies argue that this rule relies on a traditional quote system that cannot accurately reflect the on-chain trading environment, and its continued application could hinder the development of on-chain financial markets.Second, the SEC should establish clear best execution guidance for on-chain trading. On-chain markets feature new factors that do not exist in traditional markets, such as quote-less trading, 24/7 operation, blockchain network fees, and MEV (Maximal Extractable Value). Brokers need clearer regulatory standards to ensure they can execute trades on behalf of clients.Third, the regulatory framework should be principles-based and recognize independent price reference mechanisms. HPC and Douro Labs suggest that when the traditional NBBO cannot cover on-chain markets, the SEC should recognize independent price reference data formed through transparent, manipulation-resistant mechanisms. For example, the Pyth Network, which Douro Labs helped build, provides price oracle services for on-chain markets by aggregating real-time data supplied by exchanges and market participants.
According to official announcements, HertzFlow, a self-custodied leveraged trading protocol backed by Yzi Labs, announced that its mainnet has officially launched on BNB Chain, and the one-week Genesis Vault pre-deposit campaign has also kicked off simultaneously, with limited quota, first come, first served.
Odaily News Bitfinex's latest report indicates that Bitcoin (BTC) has been fluctuating within a narrow range recently, with volatility, trading activity, and market liquidity all compressed to levels similar to those seen at the end of a bear market.Currently, Bitcoin's price remains above the "Median Realised Price" of around $63,200, while the key level for short-term holders (STH) to achieve overall profitability stands at $67,176. Meanwhile, market demand is weakening: U.S. spot Bitcoin ETFs recorded net outflows of approximately $385 million last week, corporate Bitcoin reserve-related activity has turned negative, spot trading volume has fallen to multi-year lows, and Bitcoin transfer speed has dropped to its lowest level in seven years.Bitfinex stated that in the current extremely thin liquidity environment, even slight changes in capital flows could trigger significant Bitcoin price fluctuations. At the same time, weak retail activity, declining real income, and deteriorating consumer confidence indicate that U.S. household demand is under pressure. Bitfinex noted that the current market shows a clear divergence: accommodative financial conditions are driving traditional risk assets higher, but the crypto market has not yet received corresponding capital inflows.Bitfinex believes that the core market question has shifted from "whether monetary policy will improve" to "whether improved liquidity can translate into capital inflows for crypto assets." If Bitcoin spot ETFs resume sustained net inflows in the future, coupled with stablecoin supply expansion, this would signal a restart of the crypto market's liquidity transmission mechanism and could become a key catalyst for BTC breaking out of its prolonged low-volatility state.Before capital returns, although the macro environment is gradually improving, the crypto market's upside still lacks capital support. However, given that market participation has dropped to extremely low levels and BTC continues to hold key realized price support levels, once liquidity re-enters the market, it could trigger violent fluctuations. The current structure leans toward an upward breakout once demand recovers.
BitFuFu released its Q2 2026 financial report, with total revenue of $42.76 million, down 62.9% year-over-year; a net loss of $20.54 million, compared to a net profit of $47.14 million in the same period last year. The revenue decline was primarily due to the drop in Bitcoin price, weakening cloud mining demand, and the company's optimization of hashrate deployment.
BitMart founder Sheldon stated that, after verification, the official BitMart Chinese account has been hacked, and the relevant content was not published by current employees.
Odaily News - Gate has launched an Innovation Board stock trading section, further expanding the platform's stock asset coverage and providing users with more diverse global stock trading options. Currently, 40 popular stocks have been listed, including CXMT, Unitree Robotics, CATL, and others. With the addition of the Innovation Board, Gate Stock now covers multiple major markets including US stocks, Hong Kong stocks, Korean stocks, and the Innovation Board, supporting 12,540+ stocks and ETF assets, with industry-leading asset coverage.Meanwhile, according to RootData data, Gate ranks first globally in the derivatives composite score with 96 points, standing out in dimensions such as the number of contracts, 24-hour trading volume, market share, and liquidity; the spot composite score ranks second globally with 79.55 points. As more stock assets continue to be integrated, Gate is further strengthening its multi-asset trading ecosystem.
Alibaba AI Music Model "HappyShrimp" 1.0 Launches, Supports Full Song Generation Alibaba announced today the official launch of the AI music model HappyShrimp 1.0 (Chinese name "Happy Shrimp"), supporting end-to-end full song generation. The model can accurately understand natural language, transforming emotions, stories, or memories into complete music. Addressing pain points such as mechanical vocals and lyrics-melody misalignment, the model achieves breakthroughs in sound details and musicality, and can understand professional expressions such as "Lo-fi R&B" as well as emotions, scenes, and narratives. Effective immediately, the model is available simultaneously on the PC web platform domestically and overseas.
Harmony has released a rollback plan, planning to retain Shard 0 Block 92,730,034 and Shard 1 Block 94,978,278, both corresponding to 23:25:37 UTC on August 11, 2026. Validators will use a replacement database, and the new client version will reject the relevant anomalous block hashes, subsequently continuing block production from the new block height.
According to the official announcement, the Bitget TradFi Quanto Perpetual Contract has listed LENOVO (Lenovo), supporting up to 20x leverage and 7×24-hour trading. The TradFi Quanto Perpetual Contract supports users in directly using USDT to trade Hong Kong stocks and other non-USD denominated overseas stocks, without the need to exchange foreign currency throughout the process. The contract itself is quoted in local currencies such as HKD or JPY, while margin deposits and profit and loss settlements are both completed in USDT, effectively avoiding additional risks caused by exchange rate fluctuations while simplifying the trading process.