News linked to this event type.
Odaily News: According to the official announcement, the Gate Contract Robinhood Zone and Meme Zone have launched live perpetual contract trading for FATCOIN, SHROOM, and STONKS (settled in USDT), supporting leverage from 1x to 10x. Gate has also simultaneously added trading bots and copy trading features for FATCOIN, SHROOM, and STONKS.
According to monitoring by the PPP Prediction Market Tool, in the Polymarket event "Will the Fed keep rates unchanged in September?", an account that has accumulated losses exceeding $50,000 (0x011175c87089797b1c5bebcfb6d501b4c51d60f7) purchased $74,600 in positions betting that the Fed will hold rates steady in September, with an average entry price of 53.6¢ and a total of 153,845.8 shares acquired.Per the settlement rules, this market will settle based on the interest rate decision following the Fed's FOMC meeting in September 2026. If the actual rate adjustment does not fall within the existing options, it will be rounded up to the nearest 25 basis points—for instance, a 12.5 basis point cut or hike will be counted as a 25 basis point move. If no relevant statement is released before the meeting concludes, the event will settle as "No Change." The next FOMC meeting is scheduled for September 15-16, 2026.Join the PPP Signal Push Community to stay one step ahead and seize the opportunity.
Odaily News: Over the past 18 years, the Bitcoin market has repeatedly seen the narrative of "this time is different," yet the structure of each cycle has largely continued. In 2014, 2017, 2020-2021, and 2024-2025, BTC’s maximum drawdowns were approximately 85%, 84%, 77%, and 53%, respectively, showing a gradual narrowing trend.Alex Thorn, Head of Firmwide Research at Galaxy Digital, released a chart stating that the current BTC drawdown is significantly smaller than those of previous cycles. Analyst Willy Woo noted that as the supply shock from halvings diminishes, Bitcoin may be transitioning from a four-year cycle to a six-to-eight-year cycle, although this assessment cannot yet be confirmed.In previous cycles, gains from the low point to the next all-time high were approximately 580x, 130x, 22x, and 8x, respectively. Analyst James Check pointed out that Bitcoin’s price floor has risen each cycle, while its peak has remained relatively stable. Jesse Myers stated that BTC may have just entered a two-to-three-year bull market. (Bitcoin.com News)
Hong Kong Securities and Futures Commission Chief Executive Officer Nancy Chan stated that artificial intelligence (AI) and RMB internationalization are the “twin engines” driving economic growth and serve as key forces propelling Hong Kong’s financial markets into the next phase of development. Hong Kong should unlock AI’s potential through responsible innovation and strengthen AI governance. As generative AI rapidly evolves into agentic AI, regulators should further front-load human accountability into system design. The HK SFC is considering issuing additional guidance to assist institutions in implementing existing regulatory principles within agentic AI systems. This is not intended to prescribe technical design details, but rather to clarify the regulatory outcomes the SFC expects to achieve: clearly delineating responsibilities and ensuring effective human oversight; establishing controlled access permissions and defined usage scopes; conducting rigorous testing prior to deployment followed by continuous monitoring; ensuring operational resilience; and promptly reporting issues and taking corrective measures when problems arise. Additionally, the HK SFC will continue its digital transformation efforts, including shortening licensing processing times and enabling earlier detection of misconduct and fraudulent activities.
Odaily News: Connecticut Attorney General William Tong and State Banking Commissioner Jorge Perez issued a consumer alert on September 3 stating that a resident deposited $200,000 into an unregulated DeFi crypto trading platform following suspected deception, and the funds are currently unrecoverable.The alert lists seven offshore DeFi platforms—GMX, Gains Network, dYdX, Aevo, Drift Protocol, Vertex Protocol, and Hyperliquid—but does not specify that the resident used any of them.Connecticut officials noted that some platforms offer leverage of 50x, 100x, and up to 250x; the related perpetual contracts also involve risks associated with liquidation, funding rates, smart contracts, and oracles.The alert also covers perpetual contracts linked to Apple, Tesla, Nvidia, and SpaceX, stating that these correspond to synthetic prices rather than actual stocks. Officials remind residents to verify the registration status of crypto services, retain transaction and communication records, and promptly report suspected scams. (Bitcoin.com News)
According to Fortune, OpenAI has repeatedly adjusted its model evaluation data following the release of GPT-6 Astra. Some adjustments boosted Astra's scores, while others led to declines in scores for competing models. OpenAI stated that differences in model checkpoints, tool configurations, inference levels, and test runs can cause score fluctuations.
Trump stated that the U.S. has taken control of Iran and that it is not currently in a state of war, as Israeli and Iranian militaries exchange hardline rhetoric. Commercial vessel traffic through the Strait of Hormuz has declined significantly compared to previous averages, while multiple countries simultaneously advance military deployments and sanctions measures.
Odaily News, Circle has published a statement on the cirBTC reserve mechanism, stating that each cirBTC is backed 1:1 by one native BTC and can be redeemed for native BTC at a 1:1 ratio. The corresponding BTC is held by Circle-affiliated entities and custodied by Circle National Trust, which is regulated by the Office of the Comptroller of the Currency (OCC). The reserve assets are segregated from Circle's corporate assets and are used solely to protect the interests of cirBTC holders. cirBTC is currently live on Ethereum and will receive native support once the Arc mainnet launches, with future expansion to more blockchains. Circle also provides on-chain reserve verification through a public BTC reserve address and the Chainlink Proof of Reserve mechanism, allowing market participants to compare the scale of reserved BTC against the circulating supply of cirBTC across all supported chains.
Neuralink executive Shivon Zilis's X account was reportedly hacked, leading to the publication of two posts promoting the SLINK token. A trader subsequently bought approximately $250,000 worth of SLINK, nearly losing the entire investment as the token's price rapidly crashed to near zero.
Odaily News – Crypto journalist Eleanor Terrett stated that the National Sheriffs' Association (NSA) has adjusted its position on the CLARITY Act from opposition to neutral, becoming the last major police organization to change its stance among those that previously opposed the bill. Terrett noted that as recently as July 31, the NSA had called the bill "harmful" and strongly criticized the BRCA's provisions protecting non-custodial software developers. This shift likely reflects extensive behind-the-scenes communication between the White House and the organization over the past few months. While the NSA's move to neutral does not constitute formal support for the bill, it is widely seen as clearing yet another hurdle on its path to the Senate procedural vote on September 15.Terrett added that the National District Attorneys Association and the National Association of Assistant United States Attorneys are still expected to hold their positions, with both demanding a significant narrowing of the BRCA's protections for non-custodial software developers. However, the White House, the Treasury Department, some members of Congress, and the crypto industry are all unwilling to accept such changes. Additionally, Democratic Senator Catherine Cortez Masto, who previously supported the prosecutors' proposed amendments, has not yet publicly changed her stance.
Ondo Finance has announced that it will cease minting USDY on the Aptos and Noble networks starting September 8, while other supported networks remain unaffected. USDY on Osmosis and Mantra is also impacted by this adjustment, as it is bridged from Noble via IBC, and affected users may choose to migrate or exit based on their position size.
Hyperliquid plans to lower the minimum order notional amount for Outcome contracts from $10 to $1 in its next network upgrade, while introducing a deployer remaining quota query feature. The specific upgrade time has not yet been announced.
Odaily News: According to three sources familiar with the matter, the White House has reviewed potential candidates for four vacant commissioner seats at the CFTC, though it remains uncertain when or whether formal nominations will be made. Currently, the CFTC has only one commissioner, Chairman Michael Selig, whereas the agency is typically composed of five bipartisan commissioners.The vacant commissioner seats have become a point of contention in CLARITY Act negotiations. Democratic lawmakers argue that at a time when the bill seeks to expand and delineate the regulatory authority of the SEC and CFTC over digital assets, both agencies are facing significant vacancies. The Senate is expected to hold a key procedural vote on the CLARITY Act on September 15. Sources familiar with the matter stated that a White House commitment to fill CFTC vacancies could serve as one of the conditions to secure Democratic support. Even if the bill advances in the Senate, due to the fall congressional session and midterm election schedule, the legislation could still be delayed until the lame-duck session following the November elections.
: The G7 cybersecurity working group stated in its latest report that quantum computing poses both a security threat and an economic threat to public and private institutions, and related organizations should immediately begin migrating to post-quantum cryptography (PQC).The working group noted that the migration process could take several years, as attackers can already collect and store encrypted data today and decrypt it once sufficiently powerful quantum computers emerge. Quantum computing could also break digital signatures, leading to identity theft and exposing companies and their supply chains.The report did not mention cryptocurrencies, but similar public-key cryptography is used for blockchain wallets and transaction authorization. Current quantum computers are not yet capable of breaking Bitcoin's cryptography, but developers are considering post-quantum solutions such as BIP-360.Ethereum researchers plan to replace multiple cryptographic components used by accounts, validators, and applications. The Solana Foundation has tested post-quantum signatures on its testnet and launched an optional hash-based vault. The G7 working group also urged governments to support related research, public-private cooperation, and national PQC strategies. (Decrypt)
Odaily News - Prediction market platform Polymarket launched its perpetual contract product, Polymarket Perps, on September 3. The initial offering covers 10 contracts including Bitcoin, Ethereum, Solana, HYPE, Gold, Silver, WTI Crude Oil, S&P 500, Nasdaq 100, and a contract tracking SpaceX stock, expanding to 67 markets within hours.The product has no expiration date, with contract prices continuously tracking the underlying assets. It maintains anchoring to spot prices through funding rates settled hourly, with funding rate caps at 4% per hour in both directions. Cryptocurrencies, the S&P 500, crude oil, gold, and silver support up to 20x leverage, while individual stocks and other real-world assets support up to 10x.U.S. traders are unable to place Perps orders and will be directed to Polymarket US, which is regulated by the Commodity Futures Trading Commission (CFTC). This arrangement stems from Polymarket's 2022 settlement with the CFTC, in which the company was fined $1.4 million for operating an unregistered swap execution facility and was required to cease related non-compliant contracts. (Decrypt)
Odaily News – Coinbase Derivatives and Coinbase Financial Markets, subsidiaries of cryptocurrency exchange Coinbase, respectively submitted Form 1-N and Form BD-N to the U.S. Securities and Exchange Commission (SEC) on September 1, with plans to launch single-stock perpetual contracts in the United States.Coinbase Chief Policy Officer Faryar Shirzad stated that the relevant products still require approval from the U.S. Commodity Futures Trading Commission (CFTC) in the next step. The two filings pertain to registration as a security futures exchange and a limited-purpose security futures broker, respectively.Since March 20, Coinbase has offered non-U.S. users 10x perpetual contracts on stocks such as Apple, Nvidia, and Tesla, settled in USDC and supporting 24-hour round-the-clock trading. U.S. users were previously explicitly excluded from this product. (Bitcoin.com News)
Odaily News: Mortgage lender Pineapple Financial has migrated over $1 billion in residential mortgage records to Injective, a Layer 1 blockchain focused on financial applications. The company plans to eventually migrate more than 29,000 issued mortgages totaling over $10 billion on-chain, with each loan corresponding to an on-chain record, without repackaging them into new mortgage-backed securities.These records contain more than 500 data points, including loan-level information, used to support verification, audit trails, and risk analysis. According to Pineapple Financial's dashboard, the current migration count stands at 2,079 records, up from 1,259 when the project launched in December 2025; the PAPL0 asset has a market value of approximately $1.1 billion, with tokens representing mortgage records rather than ownership of the underlying loans.Pineapple Financial's partnership with Injective also includes a $100 million Injective (INJ) digital asset treasury. Pineapple Financial stakes INJ from this treasury, with Kraken serving as the primary validator for the related holdings. (Cointelegraph)
The US FinCEN has released a report exposing Southeast Asian transnational criminal organizations conducting large-scale fraud using cryptocurrencies, involving over $12.7 billion. Major scams include pig-butchering schemes and online dating fraud.
QuFi Network has launched a quantum-resistant verification platform and completed a proof of concept on the Bitcoin testnet. By separating verification from settlement, the platform aims to address security threats to crypto assets posed by quantum computing at a low cost.
Odaily News: Blockchain-native fintech startup OpenReserve received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) on September 2 to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a minimum Tier 1 leverage ratio of 12% for three years after opening. It must also commence operations within 18 months, or the approval will lapse. The relevant deadlines are September 2027 and March 2028, respectively.OpenReserve plans to offer tokenized deposits, treasury management, foreign correspondent banking, and Banking-as-a-Service for institutional clients. The full-service national bank charter, upon final approval, would allow it to accept deposits and conduct lending activities.OpenReserve previously completed a $25 million seed funding round led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures, among others. The company plans to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but that subsidiary has not yet filed an application with the OCC. (Decrypt)