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Odaily News: Citrini analyst Jukan shared a research report from Tianfeng Securities and stated that the US government needs to maintain its leading position in AI, so once it enters the AI race, it is very difficult to truly stop. Jukan believes that recent calls by Anthropic and OpenAI to slow down AI development cannot be viewed merely as safety initiatives; behind them may simultaneously lie multiple considerations, including the inability to slow the competition and the desire to entrench leading advantages through safety regulation.Jukan further pointed out that the relevant "AI slowdown" calls ostensibly stem from safety testing, operational monitoring, and third-party verification being unable to keep pace with model iteration speed, which in the short term may suppress market sentiment in the AI sector and lower market expectations for next-generation models. Another possibility is that the industry remains bullish on AI in the long term but wants to postpone the next round of large-scale R&D investment, prioritize commercializing existing products, and reduce pressure on infrastructure and capital expenditure. He believes the AI race is essentially akin to a "prisoner's dilemma" — all parties want to slow down, but none dares to be the first to stop, lest they lose their technological, customer, and financing advantages.Jukan also noted that Anthropic and OpenAI's recent emphasis on recursive self-improvement (RSI) is related to AI having already begun assisting in the development of next-generation AI, accelerating model iteration speed. Meanwhile, in OpenAI's internal testing, incidents reportedly occurred in which Agents collaborated to escape the sandbox and intrude into Hugging Face production servers. Jukan believes that as model releases require bearing expensive evaluation, certification, and continuous auditing costs, large labs are better positioned to absorb these fixed costs, while smaller teams may face higher barriers to entry as a result. If leading labs further participate in setting evaluation standards, industry barriers may continue to rise.
In the past 24 hours, Trump has intensively advanced the approval of a $1.5 trillion defense budget, while simultaneously facing multiple external pressures, including Democratic investigative probes and geopolitical shifts in Canada and Europe.
Odaily Report: Two people familiar with the matter revealed that U.S. President Trump met with advisers to discuss a government ethics provision being considered for inclusion in the Crypto Market Structure Act (the CLARITY Act). The meeting took place ahead of the Senate's procedural vote next Tuesday, which will determine the fate of the CLARITY Act's advancement. Senate Democrats are demanding that the legislation include ethics language applicable to government officials to limit Trump's ability to profit from his family's crypto business. It remains unclear what the outcome of the meeting was or which advisers attended. The White House did not immediately respond to a request for comment on Saturday evening.The ethics provision has been one of the key obstacles facing the CLARITY Act in the Senate, following clear bipartisan disagreements over whether enforcement authority should rest with the Department of Justice or state attorneys general. Next Tuesday's procedural vote will test whether the two parties can reach a compromise on this core dispute before the Senate recesses. (politicopro)
Odaily News: South Korea's digital asset institutionalization process this week once again focused on two major directions: legislation and infrastructure development. According to South Korean Democratic Party lawmaker Min Byeong-deok (민병덕), speaking at a seminar, the "Digital Asset Basic Act" will be pushed for enactment within the year, with a public hearing planned for this month, and formal legislative review to commence in November after the completion of the parliamentary audit. However, considering that the National Assembly will still conduct parliamentary audits and budget reviews and other procedures, the legislative timeline may also be delayed to the first half of next year. In addition, South Korea's Financial Services Commission has announced a phased implementation roadmap for security tokens (STO), and financial institutions are also advancing tokenization system testing and global infrastructure cooperation. South Korea's digital asset regulation is gradually shifting from institutional discussion to the implementation preparation stage. (MK)
GitHub states that it is investigating decreased availability across multiple services, with API Requests, Issues, Pages, Pull Requests, and Actions all affected. Increased database replication latency on the collaboration platform has been identified, which has led to a rise in the error rate for authorization endpoints.
Revolut confirmed it fell victim to external fraudsters who used spoofed government agency domains to bypass verification, resulting in the exposure of customer sensitive data including passports and transaction records. The company stated that its systems and funds remain secure, and it has notified affected users and regulators.
Odaily News: The Central Bank of Brazil's new regulations require virtual asset service providers to meet capital, audit, anti-money laundering, and continuous reporting compliance requirements, with capital requirements reaching up to 37.2 million reais, approximately $7.2 million. Of the current approximately 300 related institutions, only 20 to 25 may qualify to apply for authorization, and only 10 are expected to receive licenses.Some small platforms have already ended or restructured their retail operations, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute the relevant decisions to the new rules. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some operations may find it difficult to sustain.Relevant institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers. Isabel Longhi, Head of Public and Regulatory Policy for Latin America at Ripple, stated that market consolidation is expected to occur as Brazil's crypto market matures, but the new rules will limit innovation in the short term. (Bitcoin.com News)
Odaily News: In an operation targeting the Telegram crypto escrow trading platform Xinbi Guarantee, the U.S. Department of Justice's Scam Center Strike Force restricted the handling of approximately $52 million in fraud-related cryptocurrency in a single day, bringing the cumulative total to approximately $938 million. Previously, the cumulative amount frozen, seized, or recovered had already exceeded $580 million.The U.S. Department of the Treasury stated that since its founding around 2022, Xinbi Guarantee has processed over $24 billion in transactions, involving digital assets and fiat currency, primarily serving Southeast Asian transactions. North Korean hackers and sanctioned entities are alleged to have used the platform, including entities under Jin Bei Group and Prince Group.A U.S. federal court approved the seizure on September 7 of the Telegram channel operated by Xinbi Guarantee. Law enforcement authorities also seized two payment wallets totaling approximately $12 million and applied to freeze another 47 cryptocurrency wallets suspected of being used for money laundering or associated with fraud-related service providers.The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) added Xinbi Guarantee and its two supporting companies, Safew Technology and Anwen Technology, to its sanctions list on September 9. The U.S. Department of Justice also dispatched investigators to Madagascar to assist local law enforcement in cracking down on 13 scam compounds operated by Chinese nationals and to process over 3,200 electronic devices. (Bitcoin.com News)
ESMA stated that the market for tokenized equities has grown from $350 million to $2.2 billion over the past 18 months; however, multiple tokenized versions of the same share could result in liquidity fragmentation. Meanwhile, certain products backed 1:1 by underlying shares still depend on off-chain ownership registries and traditional settlement channels, and have not yet fully realized on-chain atomic settlement.
Odaily News: Zach Pandl, Head of Research at digital asset management firm Grayscale, said in an analysis on September 10 that even if Congress fails to pass the CLARITY Act this year, U.S. crypto regulation can still advance in areas such as stablecoins, token issuance, tokenized securities, and perpetual futures.U.S. President Donald Trump signed the GENIUS Act on July 18, 2025, establishing a regulatory framework for the issuance of payment stablecoins. The law requires issuers to hold full reserves and publicly disclose the composition of reserves on a monthly basis, and prohibits misleading claims that tokens are federally insured, backed by the U.S. government, or legal tender.The U.S. Securities and Exchange Commission (SEC) has proposed Regulation Crypto Assets, which would allow qualifying projects to raise no more than $5 million over four years, or no more than $75 million in any 12-month period. The related exemptions and investment contract safe harbor remain in the proposal stage, with the public comment period closing on October 20.The near-term procedural milestone for the CLARITY Act is a cloture vote on the motion to proceed scheduled for September 15. This procedural vote requires 60 votes to pass and is not a final vote. Grayscale said the bill would still help clarify the division of regulatory authority between the SEC and the Commodity Futures Trading Commission (CFTC), but its failure to pass would not halt regulatory measures already underway. (Bitcoin.com News)
The CTO of BlueWallet audited iOS apps on the App Store labeled as non-custodial crypto wallets. Among the 494 apps analyzed, 45 were found to potentially pose critical or high-risk security vulnerabilities. Of these, 23 were flagged as potential critical risks, while 22 were classified as high risk.
Solana Mobile stated that its third-party marketing email service provider Brevo experienced a security incident, resulting in unauthorized access to its Brevo account. To date, no emails have been sent through the account, and the company is currently investigating the scope of information that may have been accessed.
Two crypto billionaires each donated £36 million to Reform UK within 24 hours, setting a historic record for the largest single donation to a UK political party. Despite the party recently facing multiple official investigations into substantial donations, the parties involved have explicitly denied any wrongdoing.
Bitcoin News posted on X that Patrick Witt, Executive Director of the U.S. President's Council of Advisors on Digital Assets, appears to be sending a positive signal ahead of the Senate's upcoming vote on the CLARITY Act, saying that "today is not a good day for CLARITY Act skeptics." However, Polymarket shows only a 20% chance the bill passes in 2026.
The central banks of the US, Japan, and the UK will announce their monetary policy decisions this week, with markets focusing on whether the Federal Reserve will initiate its first interest rate hike in three years. Iran and Gulf states are negotiating shipping management arrangements for the Strait of Hormuz to address soaring crude oil prices.
According to Reuters, Mexican police discovered a clandestine cryptocurrency mining operation in the mountainous regions of Puebla state, seizing 300 GPUs, 80 medium-voltage power terminals, and eight satellite dishes. Four similar operations have been uncovered in the area since early last year. Authorities are investigating whether the site illicitly siphoned electricity from a nearby hydroelectric plant. Security analysts noted that the technical expertise and funding required for the facility point to the involvement of well-capitalized criminal syndicates. A Chainalysis Latin America expert stated that regional drug trafficking organizations are increasingly utilizing cryptocurrency transfers and mining operations for money laundering. Data shows that globally, crypto addresses associated with criminal activity received approximately $154 billion in 2025, more than double the $59 billion recorded in the previous year.
The U.S. House Ways and Means Committee is scheduled to hold a markup on September 16 of a series of digital asset tax bills, moving crypto tax legislation toward a full House vote. The markup focuses on two core issues: when miners and stakers should be taxed on newly created tokens, and whether wash sale rules applicable to stocks should extend to digital assets.The two key bills are the "Mining and Staking Tax Clarity Act" H.R. 9175 and the "Applying Existing Tax Anti-Abuse Rules to Digital Assets Act" H.R. 9172. The former provides that miners and stakers need not pay tax immediately upon receiving new tokens, and can instead pay tax as ordinary income when the tokens are actually sold; the latter extends wash sale and constructive sale rules to actively traded digital assets, closing a tax loophole that crypto traders have exploited for years.
According to Forbes, Patrick Witt, Executive Director of the White House Digital Asset Advisory Committee, stated that the legislative window for the U.S. Crypto Market Structure Bill, the Clarity Act, is narrowing. If the procedural vote this week fails, there will be significant uncertainty regarding when the bill can advance again. The bill is currently scheduled for a procedural vote on September 15.
Revolut sparked security concerns after unlawfully disclosing users' Bitcoin transaction data due to falling for a forged government investigation letter.
Odaily News: The Office of the Superintendent of Financial Institutions (OSFI) is Canada's banking regulator. The agency stated on Thursday that tokenized deposits are not legally distinct from traditional deposits, noting that the underlying technology used by a financial product or service does not determine its legal nature.OSFI stated that financial institutions may conduct tokenized deposit business under existing financial regulatory laws without the need for additional regulations. Financial institutions and third parties conducting related activities on their behalf must ensure that their operations comply with applicable laws and regulations.OSFI requires financial institutions to communicate with their responsible OSFI supervisors in advance before launching new products or services, and recommends seeking legal advice prior to launch. The agency oversees nearly 350 financial institutions and 1,200 pension plans. (Bitcoin.com News)