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Bank of England Governor: Frontier AI Models Threaten Global Financial Stability

According to CNBC, Andrew Bailey, Governor of the Bank of England and Chairman of the Financial Stability Board (FSB), wrote to G20 finance ministers and central bank governors on August 31 to warn that frontier AI models are exhibiting increasingly sophisticated autonomy and threat capabilities, which could fundamentally alter the speed, scale, and economics of cyberattacks, potentially triggering disorderly adjustments across global financial markets. Bailey noted that highly concentrated third-party service providers will become critical nodes of systemic risk, emphasizing that most countries currently lack regulatory frameworks for the development and deployment of frontier AI. He also flagged vulnerabilities in sovereign debt markets, the growing trend of leverage in equity markets, and the overvaluation of AI-related assets, urging governments to accelerate the refinement of relevant safety mechanisms.

Bitget launches the 11th CFD King Championship with a total prize pool of 75,000 USDT

Odaily Block News: Bitget has launched the 11th CFD King Championship, with a total prize pool of 75,000 USDT. The participation period runs from August 31 at 21:00 to September 7 at 21:00 (UTC+8). During the event, users who complete designated CFD trading tasks will earn opportunities to draw mystery boxes, with a 100% chance of winning USDT cash vouchers.Additionally, users who invite new users to complete trading tasks will receive USDT rewards for both the inviter and the invitee. Users who meet daily trading thresholds can also accumulate points to share in a 7,600 USDT points prize pool. The top 470 users by cumulative trading volume will collectively share a 47,400 USDT ranking prize pool, with the champion taking home 4,000 USDT. For more details, please refer to Bitget's official platform.

HTX Launches PONS, ZKC, and SKR Perpetual Contracts

According to official announcements, HTX launched perpetual contracts for PONS/USDT, ZKC/USDT, and SKR/USDT on August 31, supporting 1x to 20x leverage for both long and short positions.

Binance Will Discontinue Support for BounceBit (BB) Mainnet

Binance announced that due to a hack on BounceBit and the project team's decision to permanently shut down the chain, Binance will stop supporting the BounceBit (BB) mainnet. Binance has suspended deposits and withdrawals of BB on the BounceBit mainnet as of 10:00 (UTC+8) on August 20, 2026, and will reopen deposits and withdrawals via the BNB Smart Chain (BEP20) network starting at 15:00 on September 1, 2026. BB will be migrated from the original mainnet to the BNB Smart Chain at a 1:1 ratio. During the migration, spot, margin, futures, and Earn services will remain unaffected.

Leading Domestic AI Chipmaker's Revenue Surges Nearly 2000%

According to CCTV Financial News, in August, leading domestic AI chip manufacturers released their half-year reports in quick succession. Last Friday, Biren Technology issued its financial report, revealing a near 20-fold increase in revenue. Furthermore, top-tier companies such as Cambricon and Moore Threads also recorded significant revenue growth. Behind this surge in earnings lies a shortage of high-end computing power, where demand significantly outpaces supply.

B.AI's Full Free Access Campaign Continues, Cumulative Throughput Surpasses 5.74 Trillion, Setting Another Milestone

Odaily News, August 31 — B.AI platform's full free access campaign for cutting-edge large models continues to operate at high intensity, with the platform's cumulative token throughput officially surpassing the historic milestone of 5.74 trillion (5T+). Under the rigorous demands of massive concurrent requests and heavy Agent tasks, B.AI's industrial-grade infrastructure has demonstrated exceptionally stable carrying capacity. Currently, the platform has assembled six top-tier models, including GLM-5.3-Flash (Ox Alpha), Qwen3.8-Flash, DeepSeek-V4-Flash, DeepSeek-V4-Flash-Vision-Exp, Tencent Hy3, and Xiaomi MiMo-V2.5, all available to users with zero barriers and unlimited free access, covering diverse scenarios such as code generation, ultra-long text processing, multimodal visual understanding, and Agent workflow deployment.From now on, users who log in to the B.AI platform can access the full suite of cutting-edge models at zero cost, with seamless integration of unlimited computing power, allowing every developer and AI enthusiast to truly enjoy "computing freedom."

Tencent Hunyuan: Surge in Hy4 Preview Calls, WorkBuddy Undergoes Emergency Scaling

Tencent Hunyuan announced that since the Hunyuan Hy4 preview was initially integrated into WorkBuddy on August 28, 2026, it has seen active usage and received enthusiastic feedback from a broad user and developer community due to its significantly enhanced Agent capabilities. Queues formed in the WorkBuddy task queue on the very first day of launch, and we extend our deepest apologies for this situation.

Former Fed Vice Chair: The default option now is to raise interest rates; Warsh's speech reversed the Fed's previous logic

"Fed whisperer" Nick Timiraos reported that Fed Chair Warsh has calmed some concerns about his strategy to fight inflation, but has also set the stage for a bigger test that could come three weeks later. If the Fed raises interest rates, it could anger the White House weeks before the midterm elections. If it holds steady, it could reignite the doubts that the speech had eased.Two points in Warsh's speech on Friday particularly suggest the Fed may raise rates next month. First, Warsh found it difficult to characterize current financial conditions as restrictive. Second, the more favorable inflation data over the summer did not convince him that the underlying trend is improving. Before Friday, the Fed's default option was to hold steady unless the data was strong enough to justify action.Former Fed Vice Chair Kohn said Warsh's speech reversed that logic. "He has changed the original assumption—now it's that unless the data shows there is no need, they will raise rates." This means the final decision will depend on how the situation evolves before the September meeting, especially the August CPI report due on September 11. Kohn said that if the data suggests no action is needed, the Fed should not raise rates; if the data is strong, it could weaken the argument that inflation is heading back toward the Fed's 2% target. (WSJ)

Binance will list the Niulai USDT perpetual contract on August 30, supporting up to 10x leverage.

According to official announcements, Binance Futures will list the Niu Lai USDT perpetual contract on August 30, 2026, at 11:30 UTC, offering up to 10x leverage. Futures copy trading services will be enabled within 24 hours after listing.

Binance Will List Niulait USDT Perpetual Contract on August 30, with Up to 10x Leverage

Odaily News: According to an official announcement, Binance Futures will list the Niulait USDT perpetual contract at 11:30 (UTC) on August 30, 2026, with up to 10x leverage supported. The copy trading service for this contract will be enabled within 24 hours after listing.

JaredfromSubway.eth sandwich attack bot has extracted $295 million in total, with $7.5 million stolen in June

Odaily News: The sandwich attack bot operated by JaredfromSubway.eth has extracted a cumulative total of 117,007 ETH since March 2023, worth approximately $295 million at current prices. In June 2026, an anonymous attacker deployed 66 counterfeit token contracts, exploiting the bot's automated trading logic to steal at least $7.5 million in ETH and stablecoins, and funneled the funds into Tornado Cash. The stolen assets have not yet been recovered.Sandwich attacks are a form of Maximal Extractable Value (MEV): the bot monitors large transactions in Ethereum's public mempool, buys ahead of the target transaction, and sells after the transaction pushes the price up, capturing profits from the spread. The bot's primary contract had received a cumulative total of 117,007 ETH as of August 28.MEV-Boost block construction is centralized among a small group of participants, with relay.ultrasound.money, Titan Relay, and bloXroute regulated relays collectively forwarding approximately 85% to 88% of related blocks within a 24-hour window; Titan's builder independently assembled 50.3% of the blocks. Monthly sandwich attack extraction amounts have declined from approximately $10 million in late 2024 to roughly $2.5 million in October 2025. (Bitcoin.com News)

Pons: Paid $20.93 Million to Token Creators Over the Past 47 Days

Pons posted on X, stating that over the past 47 days, it has paid $20.93 million to token creators.Meanwhile, according to Dune data, a total of 23,080 tokens were deployed on the Robinhood Chain on August 29, of which Pons V2 deployed 15,957 tokens in a single day, accounting for approximately 69.1%, continuing to rank first.

Pons V2 deploys nearly 16,000 tokens in a single day, accounting for nearly 70% of new token deployments on Robinhood Chain

According to Odaily, data from Dune shows that on August 29, a total of 23,080 tokens were deployed on Robinhood Chain, with Pons V2 deploying 15,957 tokens in a single day, accounting for approximately 69.1%, continuing to rank first. During the same period, Flap, Long, and Bankr deployed 2,109, 1,805, and 1,534 tokens, respectively. In addition, Trenched.today deployed 833 tokens.

Zcash Rises About 19x Over the Past Year, Grayscale Says It Remains Undervalued

Odaily News: Privacy-focused cryptocurrency Zcash has risen about 19 times over the past year, yet its market cap remains less than 1% of Bitcoin's. Digital asset management firm Grayscale stated that financial privacy, cybersecurity development, and cross-chain connectivity capabilities could drive Zcash to further expand its market share.As of August 29, Bitcoin's market cap stood at $1.56 trillion, while Zcash's market cap was $13.74 billion—approximately 0.88% of Bitcoin's, with Bitcoin's market cap being roughly 114 times larger. Grayscale estimates that if ZEC were to reach 2%, 5%, and 10% of Bitcoin's market cap, the corresponding prices would be $1,622, $4,054, and $8,109, respectively. These scenarios are not price predictions.On August 25, Grayscale's Zcash ETF began trading on NYSE Arca under the ticker ZCSH, moving from OTCQX to NYSE Arca, providing investors with exposure to spot ZEC without needing to directly purchase tokens or manage wallets and private keys.Zcash utilizes a proof-of-work consensus mechanism with a fixed supply of 21 million coins, and supports the concealment of transaction details through zero-knowledge proofs. Its intents technology can coordinate cross-chain transactions based on user goals, such as converting other digital assets into ZEC. (Bitcoin.com News)

Arthur Hayes: Prepare to Buy Bitcoin, Sustained Monetary Expansion Could Drive It to $250,000

Odaily News: Arthur Hayes stated that investors should prepare to buy Bitcoin and expects Bitcoin to perform well in the coming years. He believes that if the U.S. continues to expand its money supply, Bitcoin's price could ultimately rise to $250,000.Bitcoin has risen about 20% since mid-August, adding $300 billion to its total market capitalization within hours. Scott Bessent previously pledged to support the bond market, and this week it was noted that the Treasury may tap nearly $1 trillion from the Treasury General Account to fund bond purchases.Gadi Chait, investment manager at Xapo Bank, said Bitcoin rose about 23% last week, marking its largest weekly gain since March 2023. During the same period, U.S. spot Bitcoin ETFs saw net inflows of approximately $1.9 billion, with record short liquidations further fueling the rally. (Forbes Digital Assets)

Starkware completes quantum-resistant transaction on Bitcoin mainnet without soft fork

: Blockchain technology company Starkware stated that on August 26, a transaction using researcher Avihu Levy's Quantum-Safe Bitcoin (QSB) scheme was mined on the Bitcoin mainnet, without requiring a soft fork, hard fork, or modification of consensus rules.The transaction consumed 10,000 sats and was processed through MARA Foundation's Slipstream service, as the non-standard format typically cannot propagate through Bitcoin's public mempool. The test consumed several hours of GPU computation, costing approximately $150 to $200.QSB employs hash-based quantum-resistant spending conditions and reduces quantum attack risks through signature trial mining, but still requires users to proactively migrate funds and cannot protect assets whose public keys have already been exposed. Starkware CEO Eli Ben-Sasson still supports introducing a protocol-level solution via a soft fork. (Bitcoin.com News)

Bybit Launches Dedicated Grid Trading Campaign Targeting BTC’s Ranging Market to Facilitate Automated Swing Trading

Bybit will launch the "Grid Trading: Capture Swing Moves, Follow Trends" campaign from August 28 to September 14.

Jio Platforms Gets IPO Green Light, Once Launched Polygon Ecosystem Token JioCoin

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.

Gate Contract Stock Zone will debut listing 4 perpetual contract trades including DJT (Trump Media & Technology Group)

Odaily News, According to official sources, Gate's Contract Stock Zone will debut the listing of perpetual contract trades (USDT settled) for DJT (Trump Media & Technology Group), RAM (Roundhill T-REX 2x Long DRAM Daily Target ETF), TEM (Tempus AI), and MARA (Marathon Digital Holdings) at 20:00 (UTC+8) on August 28, supporting 1-20x leverage.

MANTRA Discloses Security Incident Post-Mortem: ~721M MANTRA Tokens Transferred, Chain Offline for 30 Hours

MANTRA has released a complete review of the August 20 security incident. The incident stemmed from an unsigned integer underflow vulnerability in the balance accounting layer of the upstream dependency, cosmos/evm. Without requiring privileged access, the attacker transferred a combined total of 720,923,967.99 MANTRA tokens from a burn address and a legacy genesis multisig address, amounting to approximately $3.6 million at pre-incident prices.