News linked to this event type.
According to The Information, the Trump administration is studying a new AI chip regulatory rule aimed at restricting access to compute resources from advanced U.S. AI chips through remote means. The report states that after Trump began his second term in 2025, the White House announced the revocation of the AI Diffusion Rule introduced during the Biden administration. Currently, a small team within the U.S. Department of Commerce is drafting a smaller, more targeted alternative designed to limit how geopolitical competitors access advanced AI chips via remote methods such as cloud computing.
Odaily News – SlowMist security team has disclosed the discovery of a GitHub repository impersonating the Qwen 3.8 27B local quantized model. The repository claims the model size exceeds 16 GB, but the actual downloaded content is only about 487 KB, containing disguised files, a LuaJIT interpreter, and obfuscated Lua scripts. SlowMist emphasized that the official Qwen project has not been compromised. According to SlowMist's analysis, once executed, the malicious program collects host data, captures screenshots, and sends them to the attacker's C2 server. When the hardcoded server becomes inactive, it reads a backup C2 address from a contract on the Polygon chain, allowing attackers to rotate infrastructure through on-chain transactions. Subsequent payloads can steal browser login credentials, cookies, browsing history, email accounts, WinSCP and Steam credentials, as well as wallet-related files and extension data. SlowMist also discovered at least 23 GitHub repositories and 29 similar archive files using the same Lua delivery chain.
Odaily News - Jio Platforms, the digital and telecommunications arm of billionaire Mukesh Ambani's Reliance Industries, has received regulatory approval, clearing a key hurdle for its long-anticipated initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued a letter of observation to Jio Platforms during the week ending August 28, indicating that the company has been permitted to proceed with the IPO process. (Bloomberg)Jio Platforms' listing plans have drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.
Odaily News - UK police financial investigation team announced the recovery of 20.21 Bitcoin along with other crypto assets and bank account funds, with a total value of approximately $1.4 million (£1.03 million). The individual involved had a prior money laundering conviction and has since passed away. With assistance from the police cyber team, investigators traced these assets back to dark web marketplaces that operated between 2016 and 2019. The police stated that these websites, now all shut down, had facilitated criminal activities such as drug supply and human trafficking, but did not disclose the specific platform names. (Decrypt)
Odaily News Federal Reserve Chairman Warsh is set to deliver one of the most closely watched public speeches since taking office at the Jackson Hole Global Central Bank Symposium. With the U.S. PCE inflation rate still at 3.7%, notably above the Fed's 2% longer-term target, and Treasury yields remaining elevated, the market still lacks a clear picture of when and under what conditions the Fed will further adjust monetary policy. Warsh has long sought to reduce forward guidance and let the market interpret the data on its own, but what Wall Street most wants to know now is precisely his "reaction function." If this speech continues to focus only on long-term issues such as productivity and demographics, the bond market may interpret the silence itself as a policy signal.Currently, the market estimates about a one-third probability of a Fed rate hike in September. As Warsh has deliberately downplayed traditional forward guidance since taking office, the focus of this speech will center on how he assesses inflation, and what changes in inflation, employment, and economic growth would prompt rate hikes, rate cuts, or maintaining rates unchanged. Market participants believe that if Warsh signals a clearer hawkish stance, it could further push up short-term rates and Treasury yields; if he avoids the current policy path and focuses more on long-term topics like productivity and AI, it may be interpreted by the market as a dovish signal.In addition, AI's impact on inflation could also be a focal point of this speech. Warsh has long been bullish on AI boosting productivity and helping lower long-term inflation, but the market believes the current AI investment boom is also driving up costs for construction labor and computer chips. This Jackson Hole speech could become a key moment for reshaping September policy expectations and global bond market pricing. (The Street)
Odaily News: Ireland's national police force, An Garda Síochána, reported on August 27 that during a specialized operation targeting organized crime in the Galway area, officers searched two properties and froze two cryptocurrency accounts with a combined value of approximately $900,000. Additionally, police froze a bank account containing €25,000 (approximately $29,100), seized €9,300 in cash, and confiscated drugs valued at approximately €18,300 in total (including amphetamines and cannabis). A man in his 40s linked to the case has been arrested and charged, and the investigation is ongoing. (garda.ie)
: AI anti-fraud company Socure announced the completion of a $156 million strategic growth funding round, valuing the company at $5.2 billion. The round was led by Summit Partners, with participation from Wells Fargo, Goldman Sachs Alternatives (under Goldman Sachs), DocuSign, and others. In addition, the company also announced the acquisition of AI startup Fravity, aiming to leverage AI agents for fraud, risk, and compliance investigations. The specific acquisition amount has not been disclosed yet. Its anti-fraud services are currently applied to companies including crypto exchange Coinbase, stablecoin issuer Circle, digital bank Revolut, and Robinhood. (Crunchbase)
Circle Internet, the issuer of the stablecoin USDC, has become the new primary shirt sponsor for Premier League club Chelsea Football Club, with financial terms yet to be disclosed. Earlier reports indicated that Chelsea had sought a front-of-shirt sponsorship fee of £65 million (approximately $88.3 million) per year. Chelsea will debut the new jersey featuring the USDC logo in its first Premier League home match of the season. This partnership marks the first time a cryptocurrency financial services company has become a primary shirt sponsor for a Premier League club. Circle is authorized by the UK Financial Conduct Authority under an electronic money license.
Odaily News reports that HM Revenue & Customs (HMRC) stated that in the 2024 to 2025 tax year, 240 individuals each reported over £1 million in capital gains from crypto assets, totaling £717 million, accounting for more than half of the total. All 17,600 filers reported capital gains of £1.38 billion, with disposal proceeds reaching £13.8 billion.Taxpayers reporting capital gains below £25,000 accounted for 65% of filers, contributing only 7% of capital gains and 8% of disposal proceeds. Among crypto asset taxpayers, 54% were aged between 25 and 44, and 81% were aged 54 or under; men accounted for 87% and contributed 93% of capital gains.The UK is advancing regulation under the OECD's Crypto-Asset Reporting Framework, requiring trading service providers to furnish client information to tax authorities. HMRC will begin receiving relevant data in 2027; service providers that fail to fulfill their obligations will face fines of up to £300 per user. James Murray, Financial Secretary to the UK Treasury, stated that capital gains from crypto assets are taxable just like other capital gains.The UK Treasury plans to defer capital gains tax arising from DeFi lending and depositing assets into liquidity pools until the assets are actually disposed of. For the 2025 to 2026 tax year, capital gains exceeding the allowance threshold must be reported by January 31, 2027. (Decrypt)
Odaily News - California's meme coin regulatory bill AB 2409 has passed both the State Assembly and Senate, and now awaits the governor's signature to become law. The bill prohibits public officials and government employees from issuing meme coins, and starting January 1, 2027, prohibits offering meme coin trading to California residents. If signed by the governor, it will become the first state-level bill in the U.S. to impose systematic legislative constraints on meme coins.
Odaily News: 0xbow.io, a privacy and regulatory compliance tool supported by the Ethereum Foundation, has awarded a $5,000 bounty to researcher ross.wei for disclosing a vulnerability in the Privacy Pools v1 SDK. The vulnerability reduced the entropy of user account master key generation and was fixed in March. The team has provided a migration process, and no user funds were lost.
Odaily News: Researchers at the Federal Reserve Bank of Dallas (Dallas Fed) have stated that tokenized deposits and round-the-clock instant blockchain transfers could weaken bank liquidity and limit their ability to issue long-term loans. The research was authored by Rosie Levy and Srini Ramaswamy.The study notes that of the $7 trillion in maturity risk borne by U.S. banks, approximately 80% is supported by the maturity characteristics of traditional deposits. If the weighted average maturity of deposits shortened by 10%, the banking system's maturity transformation capacity would decline by roughly $580 billion, potentially increasing liquidity risks and outflows pressure.Chris Turner, co-founder of Kula, stated that the speed of token transfers does not equate to the legal settlement of underlying financial claims. Tokens can be moved across blockchain networks in seconds, but payments, ownership, and legal claims still rely on banks, custodians, clearing systems, and regulatory registries to complete settlement. (Bitcoin.com News)
According to Chaoxiang Research, a Bernstein report dated August 26, 2026, indicates that approximately 70 AI-driven drug development projects have entered clinical pipelines, with the vast majority still in early stages, leaving the true test for the next three to five years. The CEOs of DeepMind and Anthropic recently claimed that “most diseases will be cured within 5 to 10 years,” but Bernstein regards such statements more as defenses of AI’s societal value, noting they lack grounding in the practical realities of drug development. Every layer—from target discovery to clinical trials to healthcare system capacity—presents a bottleneck. Since biological mechanisms must ultimately be validated in humans, this timeline cannot be compressed by algorithms. Bernstein argues that AI’s core value in pharmaceuticals lies not merely in accelerating processes, but in enhancing decision-making quality. A 20% improvement in success rates generates R&D returns that far outweigh equivalent reductions in time and costs. Conversely, applying AI to treat refractory diseases where biological understanding remains limited can yield even greater value, even if the overall success rate is relatively low. Major pharmaceutical companies exhibit significantly different AI strategies: Eli Lilly leads in external partnerships (25 initiatives), Roche invests the most in computing power, and Amgen boasts the deepest data moat backed by deCODE Genetics. AI has yet to produce a measurable impact on FDA approval metrics; the average annual approval of 48.5 new drugs over the past five years better reflects regulatory modernization and the rise of biopharmaceuticals. AI has already begun playing a role in molecular design, virtual screening, and target discovery. However, “curing all diseases” requires surmounting multiple bottlenecks—a challenge that algorithmic iteration alone cannot resolve.
As reported by Fortune, Grayscale CEO Peter Mintzberg authored an article stating that Bitcoin rallied nearly 20% last week, recording its strongest three-day gains since 2023 as the crypto winter slowly thaws. However, he cautioned that market participants remain overly focused on short-term price fluctuations, overlooking the long-term structural growth of digital assets. Mintzberg highlighted two key drivers: first, sustained expansion in institutional demand. In 2025, the daily average capital inflow into spot Bitcoin ETPs exceeded $500 million, roughly 12 times the daily new supply from miners. Additionally, a 2026 EY survey revealed that 73% of institutional investors plan to increase their digital asset allocations. Second, accelerated enterprise blockchain adoption. In 2025, approximately 60% of Fortune 500 executives stated that their companies are actively advancing blockchain initiatives, with major players like Fidelity, Visa, and Stripe all positioning themselves in the stablecoin sector. He also noted the complementary nature of AI and public chain technologies, adding that emerging demands such as machine-native micro-payments and cross-border instant settlements will further drive real-world blockchain adoption. As regulatory frameworks grow increasingly clear, digital assets are rapidly integrating into the mainstream financial ecosystem.
Odaily News Tech reporter Alex Heath said that OpenAI recently showcased Astra to VIP clients at a closed-door preview event.OpenAI researchers demonstrated Astra coordinating multiple agents to jointly complete mathematical proofs, operating desktop software at what Sam Altman described as "superhuman, extremely fast" speeds, and generating presentation slides (PPT), financial review reports, and analyses of messy data. Astra is designed to work continuously for days or even weeks, capable of remembering human corrections, collaborating with other agents and humans, and executing operations across multiple software tools.Sam Altman also said at the event: "I expect that Astra will be the first model that can truly invent new things in a substantive way."
According to The Block, Evernorth Holdings, an XRP treasury company, announced that its S-4 Registration Statement filed with the U.S. Securities and Exchange Commission (SEC) has officially become effective. The registration covers Evernorth's business combination with SPAC Armada Acquisition Corp. II, after which it is expected to commence trading on Nasdaq under the ticker symbol "XRPN". The S-4 document registers up to 34,499,992 shares of Class A common stock and 11,499,992 warrants. Positioned as a regulated digital asset treasury company, Evernorth focuses on XRP investment exposure and plans to actively deploy capital into XRP infrastructure projects. Its investors include institutional backers such as Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR. The merger is anticipated to close in late Q3 or early Q4 of 2026, pending shareholder approval.
According to CNBC, the Democratic Senate primary in Massachusetts will take place next Tuesday, with artificial intelligence emerging as a central focus. The race between incumbent Senator Ed Markey, 80, and Representative Seth Moulton, 47, continues to heat up. Moulton seized on Markey's gaffe during a debate where he admitted to not knowing whether he uses AI himself, turning it into a campaign ad that cited the incident as exactly "why we need a new generation of leaders." Public First Action, an organization supported by Anthropic, donated $500,000 to the Markey-supporting PAC "Commonwealth Together," citing Markey's "clear support for AI regulation" and his leadership in driving a 99-to-1 vote to remove a statewide AI regulatory ban provision from a budget reconciliation bill. Anthropic has previously donated $20 million to the organization. Both candidates advocate for stronger AI regulation: Moulton calls for federal AI legislation, while Markey has introduced an "AI Accountability Agenda." Markey also boasts endorsements from prominent progressive figures such as Sanders, Warren, and Ocasio-Cortez. Latest polls show Markey leading Moulton by 35 percentage points, 63% to 28%.
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) is attempting to revive the Initial Coin Offering (ICO), a cryptocurrency market fundraising model that was once highly popular. However, while some venture capitalists see this as a key opportunity to reset the market, attracting back investors who have long since exited may prove to be a more formidable challenge than regulation itself.
According to Decrypt, privacy-focused Bitcoin wallet Sparrow Wallet released version 2.5.4 on August 28. Developer Craig Raw stated that the update was driven by an AI-assisted code review, with the majority of fixes originating from it. This review was prompted by the recent seed generation code vulnerability exploit affecting Coldcard, as well as the release of unrestricted AI models in China, which has significantly enhanced vulnerability scanning capabilities across large codebases. Key updates include: validating the authenticity of transactions returned by Electrum servers, enforcing stricter BitBox02 hardware wallet security requirements (firmware v9.4.0 or higher required), patching local DNS leaks, and masking sensitive credentials in debug logs. Raw noted that there are no indications of any exploits being leveraged, user funds remain secure, and he still advises all users to update at their earliest convenience.
According to Yonhap News Agency, Dunamu, operator of South Korean crypto exchange Upbit, has announced a strategic partnership with global payment giant Visa. Both parties will jointly explore next-generation financial payment services leveraging stablecoins and AI. Cooperation areas include stablecoin payments and cross-border remittance services, business models for the USD stablecoin OUSD based on Open Standards, and "Agentic Commerce," which integrates AI with stablecoins to allow AI to handle the entire product search, purchase, and payment process on behalf of users. The specific service architecture has yet to be finalized, and implementation will proceed in phases in compliance with relevant regulations and regulatory requirements.