News linked to this event type.
According to Yonhap News Agency, global virtual asset infrastructure company BitGo announced that its Korean entity, BitGo Korea, had its VASP (Virtual Asset Service Provider) registration application accepted by the Korea Financial Intelligence Unit (FIU) on August 18, becoming the first overseas crypto corporate entity to directly complete VASP registration in Korea to date. Established in 2024, BitGo Korea chose to enter the market by directly complying with regulatory requirements this time, rather than adopting the common industry practice of acquiring existing VASP companies. Moving forward, it will officially launch virtual asset custody (Custody) and transfer services in Korea based on this foundation, focusing on expanding business to financial institutions and corporate clients.
Odaily News: Robinhood CEO Vlad Tenev called on Trump this morning at a White House cryptocurrency meeting to relax U.S. "tokenization" regulation.Vlad stated: "Through tokenization technology, Robinhood is extending ownership of U.S. assets to users in more than 120 countries worldwide. Yet this innovation is reaching overseas investors before benefiting investors here at home—and this opportunity extends far beyond public markets. Tokenization will open up markets that have long been out of reach, including private enterprises (unlisted companies). In today's market, too much economic value is being created before ordinary investors ever get a chance to participate."Vlad urged: "Innovation and investor protection are not opposing goals. America became the global capital markets leader precisely by balancing both. The SEC and CFTC chairs in this room know full well that it is American companies building this technology, American markets powering it, and American assets at its core. U.S. investors should not be the last to benefit. We look forward to continuing to work together to expand ownership, build the next generation of capital markets, and ensure America stays ahead on this path."
US President Trump stated that this May, CFTC Chairman Selig approved the launch of the first ever true Bitcoin perpetual futures contract on CFTC-registered exchanges, and revealed that relevant personnel are working to bring the decentralized derivatives trading platform Hyperliquid into the US market in a fully compliant and legal manner. Trump also criticized the Biden administration for suppressing cryptocurrency and the spirit of emerging financial technology innovation during their tenure, emphasizing that the current situation has completely changed.
According to Cointelegraph, Standard Chartered Bank analyst Geoff Kendrick pointed out in the latest client report that the U.S. Treasury announced the scale of 10- to 30-year Treasury bond buybacks will be at least doubled from $2 billion per operation to $4 billion, with an execution period from September 9 to November 4. This policy drove long-term U.S. Treasury yields down significantly, effectively alleviating selling pressure in the bond market. Kendrick stated that such government liquidity interventions have historically been bullish for Bitcoin, and coupled with its fixed supply attribute, BTC is expected to hit $100,000 before the end of the year. Technically, he views $65,500 as a key support level; once effectively broken above, it can confirm that the bottom of this cycle has appeared.
Odaily News, Coinbase CEO Brian Armstrong posted on X platform, listing his "vision checklist" for the upcoming market: first, the CLARITY Act will receive strong bipartisan support and pass the vote on September 15, followed by "Uptober," and the start of the next crypto bull market. Armstrong stated, "Everything is unfolding as predicted."
Odaily Odaily News: AI company OpenAI is advancing its IPO preparations with the goal of completing an initial public offering (IPO) next year. OpenAI Chief Financial Officer (CFO) Sarah Friar stated at an all-hands meeting that OpenAI will become a publicly listed company next year.Sarah Friar noted that competitor Anthropic may go public in September, ahead of OpenAI, but this does not affect OpenAI's focus on its own development. She pointed out that an IPO is just a milestone and another form of financing. OpenAI completed a $122 billion funding round in March this year and currently has considerable room for choice.If business growth outpaces expectations, OpenAI does not rule out launching its IPO earlier than originally planned. In the second quarter of this year, OpenAI's revenue was surpassed for the first time by latecomer competitor Anthropic. During the same period, Anthropic achieved its first quarterly adjusted operating profit, while OpenAI's operating losses further widened.OpenAI and Anthropic each confidentially filed IPO applications with securities regulators in June. OpenAI CEO Sam Altman had previously considered delaying the IPO to seek a corporate valuation exceeding $1 trillion; after its March funding round, OpenAI was valued at $852 billion. (ETNews SW)
Odaily报道：Galaxy的研究主管在X平台上发帖表示，他对Hyperliquid如何以完全合规合法的方式进入美国市场非常关注。
US President Donald Trump joined executives from crypto companies such as Coinbase and Gemini to urge the Senate to pass the CLARITY Act, which was passed by the House of Representatives in July 2025 but has stalled in the Senate.
Odaily News: During a meeting at the White House with executives from crypto and financial firms, U.S. President Donald Trump urged Congress to pass a "fair version" of the Clarity Act, stating that market structure legislation is the next step in his digital assets policy.The meeting was attended by Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, Securities and Exchange Commission (SEC) Chairman Paul Atkins, White House crypto advisor Patrick Witt, as well as executives from Coinbase, Ripple, Robinhood, and Kraken.The Clarity Act would establish federal rules for digital assets and clarify the regulatory jurisdictions of the SEC and CFTC. The bill is expected to return to the Senate in September, where Republicans will still need support from about six Democratic senators to reach the 60-vote threshold. (Decrypt)
Trump is expected to attend the White House crypto meeting on August 19, pushing for a final Senate vote on the Digital Asset Market Clarity Act, with the bill's ethical provisions remaining the key sticking point.
Jonathan Gould, head of the U.S. Office of the Comptroller of the Currency, stated that the OCC will release the final implementing rules for the GENIUS Act in November, which establishes a regulatory framework for payment stablecoins and is scheduled to take effect in January 2027.
Odaily News Tim Duy, Chief US Economist at SGH Macro Advisors, said that the recent appearance of multiple Fed officials casting dissenting votes on rate decisions has become more common over the past few years. Especially during periods when the economy faces multiple pressures and the policy path is unclear, strong disagreements among officials are likely, leading to more dissenting votes.Regarding the upcoming release of the Fed's meeting minutes, Duy believes the market's core focus will be on how widespread officials' concerns about inflation truly are. He noted that at the time, inflation was clearly running above the Fed's target, and policymakers worried that inflation would not quickly return to target levels. Meanwhile, the labor market was seen as having stabilized, which led some officials to strongly believe the Fed should raise rates to curb inflationary pressures. As a result, the market will closely watch how many Fed officials share this assessment, and whether concerns about inflation have formed a broader consensus within the decision-making ranks. The degree of divergence among officials over the policy path will also serve as an important clue for judging the future direction of interest rates.
Odaily News: Standard Chartered and HSBC have completed the first real-time cross-border transaction executed via the Society for Worldwide Interbank Financial Telecommunication (SWIFT) blockchain ledger. The transaction exchanged payment messages through the SWIFT ledger, with the corresponding debts recorded respectively on HSBC's Tokenised Deposit Service and Standard Chartered's tokenised deposit infrastructure.The SWIFT ledger matches and nets off the debts of both parties before final settlement, with the ultimate settlement still completed through existing payment systems. The ledger is designed to connect tokenised deposits issued across different banking infrastructures, supporting round-the-clock cross-border payments while retaining existing settlement, compliance, and risk control mechanisms. (Cointelegraph)
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Odaily News – The U.S. Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Southern District of New York has entered supplemental consent orders against Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of FTX.Under the court orders, Ellison and Wang are required to continue cooperating with the CFTC's investigation, while also facing trading and registration restrictions. Specifically, Ellison received a 5-year trading ban and a 10-year registration ban; Wang received a 5-year trading ban and an 8-year registration ban. The relevant restriction periods begin from the date of the initial consent order, which was signed on December 23, 2022.Previously, on December 23, 2022, the court found Ellison liable for two counts of fraud alleged by the CFTC, and found Wang liable for one count of fraud. Their initial consent orders permanently prohibited them from violating the Commodity Exchange Act and the CFTC's related anti-fraud regulations.The head of the CFTC's Division of Enforcement, David I. Miller, stated that this ruling reflects the regulator's emphasis on "effective cooperation." Although Ellison and Wang, as executives of Alameda and FTX, were involved in the relevant fraudulent conduct and were held liable, the regulator granted leniency in light of their significant assistance in the FTX-related investigations.The CFTC stated that it will not currently require Ellison and Wang to pay restitution, disgorgement, or civil monetary penalties, primarily considering the extent of their cooperation in the investigations and related criminal cases, as well as the $11.02 billion asset forfeiture order involved in the U.S. criminal case. Both individuals have previously pleaded guilty in their criminal cases, including admitting to conspiracy to commit commodities fraud and multiple other charges.
Odaily News: Injective has announced that it has officially become a transfer agent registered with the U.S. Securities and Exchange Commission (SEC), making it the first Layer 1 blockchain network with relevant RWA infrastructure and regulatory capabilities.
According to CoinDesk, American Bankers Association CEO Rob Nichols stated that the association supports the Clarity Act establishing a digital asset regulatory framework, but believes the provisions regarding stablecoin rewards in the bill still need strengthening. Their concern is that if related parties such as crypto trading platforms provide interest-like rewards to stablecoin holders, it could prompt funds to flow from bank deposits to stablecoin wallets, affecting banks' lending capacity.
Odaily News, Marvell Technology and Google announced an expanded chip development collaboration, signing a stock subscription rights agreement that allows Google to purchase Marvell shares for approximately $12.2 billion in the future. According to regulatory filings submitted by Marvell, Google can purchase up to 58,970,907 Marvell shares at an exercise price of $206.58 per share. Of these, approximately 1.4 million shares will vest quarterly in installments during the first year after the agreement is signed, while the remaining shares will gradually unlock based on revenue performance generated from jointly developed products. From the third quarter of fiscal year 2027 through the end of fiscal year 2033, for every $500 million in revenue contributed by related products, Google will receive a corresponding batch of stock subscription rights. (Bloomberg)
According to Odaily, although the White House introduced a new AI regulatory framework to AI companies such as OpenAI, Anthropic, and Google earlier this month, more than two weeks later, the AI industry still lacks understanding of the specifics of the plan, and the White House has not yet publicly released the framework's details.It is understood that the plan aims to establish a **voluntary advanced AI model testing mechanism**, encouraging AI labs to proactively share models with the government and undergo safety assessments before releasing their most advanced models to the public. Companies such as OpenAI, Anthropic, and Google previously participated in related discussions.Currently, the core issues drawing industry attention include testing standards, the scope of models covered, the extent of government access to information, and how companies will participate. Since the framework has not been officially made public, multiple AI companies and researchers remain unclear whether they will need to submit model weights, test data, or safety evaluation reports in the future.The report states that the U.S. government's push for this plan comes against a backdrop of rapidly advancing frontier AI capabilities, with potential risks in areas such as cybersecurity, biological risks, and autonomous decision-making drawing regulatory scrutiny.Some industry insiders believe that establishing a collaborative safety testing mechanism between the government and AI companies could help identify high-risk capabilities early on. However, others worry that a regulatory framework lacking transparency could lead to unclear industry standards and hinder the pace of innovation. At present, the White House has not published the full text of the AI model testing framework, and related companies are still awaiting more policy details. (The Information)
Odaily News: Robinhood CEO Vlad Tenev stated that asset tokenization will become a major trend in the future financial markets and will ultimately transform the entire global financial system. In an interview with CNBC's Squawk Box, Tenev said that tokenization applies not only to crypto assets but will also cover traditional financial assets such as stocks, private equity, and real estate. Blockchain technology can improve asset trading efficiency, reduce intermediary costs, and give more investors access to market opportunities that were previously difficult to participate in. Tenev also discussed future financial service directions such as prediction markets and agentic trading. He stated that Robinhood is transitioning from a pure trading platform to a broader financial infrastructure provider, and hopes to leverage blockchain technology to drive the development of the next generation of capital markets."Tokenization will consume the entire financial system." Tenev previously stated that the tokenization trend is like a high-speed train that cannot be stopped, and future financial assets may gradually migrate to operate on-chain.Robinhood has been advancing its tokenization strategy in recent years, including exploring the tokenization of private company equity to give retail investors access to private markets traditionally dominated by institutions. Tenev believes there is strong consumer demand for private asset investment, and tokenization can serve as an important bridge connecting traditional finance with crypto infrastructure. Bloomberg also reported that.Industry insiders believe that as financial institutions such as BlackRock and Robinhood accelerate their deployment in real world asset (RWA) tokenization, traditional stocks, bonds, funds, and other financial assets moving on-chain are becoming a significant trend in the fintech sector. However, regulatory frameworks, asset ownership confirmation, and investor protection remain key challenges that need to be addressed for large-scale adoption. (CNBC)