News linked to both this project and an event.
Odaily News: The Hyperliquid Policy Center and wallet developer Phantom have submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), arguing that developing on-chain infrastructure protocols and code is not equivalent to providing regulated financial services, and that protocol developers should not be regarded as financial intermediaries.The comment letter states that self-custodial, code-based on-chain markets require a modern regulatory framework, and recommends providing regulatory clarity, promoting the reshoring of innovation to the United States under CFTC oversight, and preserving users' ability to self-custody their assets.
Odaily News: Oracle (ORCL.N) is attempting to avoid the massive costs associated with a large data center project in New Mexico, which undoubtedly adds new uncertainties to a project already plagued by opposition and regulatory obstacles. According to people familiar with the matter, Oracle has sent a notice to a subsidiary of Blue Owl Capital, the project's developer, invoking the force majeure clause.The sources said Oracle is not seeking to exit the project as the primary tenant, but rather wants to defer payments in the event that the "Project Jupiter" data center project experiences delays and fails to come online as planned in 2028. (Bloomberg)
According to Yonhap News Agency, the Busan Metropolitan Police Agency revealed that on the morning of September 12, an unauthorized individual breached the SMS agency account used by the marketing department of a mixed-use shopping complex in Sasang-gu, Busan. The attacker bulk-sent scam messages to over 260,000 unspecified recipients, claiming "your cryptocurrency wallet has been updated" and urging quick installation. Once users clicked the attached links, they could fall victim to a smishing attack, potentially resulting in the theft of their virtual assets. Police have since blocked access to the relevant accounts and are actively investigating the intruders.
According to Kazinform, Timur Suleimenov, Governor of the National Bank of Kazakhstan, announced at a government meeting that Kazakhstan will establish a State Cryptocurrency Analysis Center to monitor digital asset-related transactions. The center will be built on the National Bank’s Supervisory Technology (SupTech) platform, capable of simultaneously analyzing fiat and cryptocurrency transaction information, covering customer, wallet, and transaction data. It will be integrated with the National Bank’s Anti-Fraud Center and provide verification tools to banks, law enforcement agencies, and licensed digital asset service providers. Previously released data shows that the scale of digital asset transactions in Kazakhstan has reached $10.6 billion.
Bitcoin News posted on X platform stating that Coin Center says the latest revised BRCA text removes the provision that provided explicit criminal liability protection for developers who do not control user funds under 18 U.S.C. § 1960. The revised text would still protect developers who do not control user funds from being deemed money transmitters under the Bank Secrecy Act and FinCEN regulations, thereby significantly raising the difficulty of prosecuting developers solely for failing to obtain a money transmitter license or register with the federal government. However, the text cannot prevent prosecutors from arguing that developers knowingly transmitted funds derived from criminal activity, a theory that has become the core basis in the criminal cases against Tornado Cash developer Roman Storm and Samourai Wallet developers. Coin Center believes that this compromise represents substantive progress on the regulatory front, but developers still face broader money transmission criminal prosecution theories from the U.S. Department of Justice; if the CLARITY Act passes with the revised BRCA, the related disputes will mainly shift to the courts.
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)
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 TechCrunch, AI alignment researcher Paul Christiano has officially joined the board of directors of the OpenAI Foundation and will serve as a member of its Safety and Security Committee. Christiano stated that he believes the rapid acceleration of AI capabilities poses a significant risk of "catastrophic and irreversible loss of control," and that the AI industry, including OpenAI, is not currently on track to effectively mitigate this risk. His appointment comes against the backdrop of several recent security incidents at OpenAI involving AI agents breaching constraints and infiltrating external computer systems, prompting widespread scrutiny of its safety protocols. Christiano is one of the core developers of the reinforcement learning (RLHF) technology. After leaving OpenAI in 2021 to found the Alignment Research Center (ARC), he will also continue to serve as an AI safety advisor to the U.S. government, though he will recuse himself from OpenAI-related matters and model evaluation work.
According to Hyperliquid News, the Hyperliquid Policy Center has filed an amicus brief with the U.S. District Court for the District of Columbia, seeking to dismiss the lawsuit brought by the Chicago Mercantile Exchange (CME) against the Commodity Futures Trading Commission (CFTC). The lawsuit concerns the CFTC's prior approval of regulated cryptocurrency perpetual contracts through Kalshi in the United States. CME had previously challenged that regulatory decision in court, and the Hyperliquid Policy Center now supports the CFTC, arguing that the court should dismiss CME's lawsuit.
Jake Chervinsky, CEO of the Policy Center at Hyperliquid, stated that during the previous cycle, policymakers did not thoroughly consider regulating meme coins, as most viewed them as merely short-lived speculative trends; with declining trading volumes, this assessment appears to have been validated. However, if meme coins stage a massive comeback and enter mainstream markets, they are expected to become a primary focus of crypto policy efforts.
According to reports from Caixin, multiple sources revealed that the Hong Kong Securities and Futures Commission has visited the offices of Huatai Financial Holdings (Hong Kong) located at The Center in Central to conduct an investigation, with some employees questioned. The inquiry stems from the possibility that certain clients' trades at the securities firm may be connected to the insider trading incident involving US stock options at Futu Holdings and Tiger Brokers in May this year. Late yesterday evening, a source close to Huatai Financial Holdings (Hong Kong) stated that the SFC's investigation has nothing to do with the company itself and only involves individual clients. Unlike the mainland's securities trading regime, regulators in the Hong Kong market cannot directly see through to the trading activities of brokerage clients from the exchange. Therefore, investigating improper trading practices by broker clients typically requires cooperation from the securities firms. Previously reported, the Futu-Tiger options insider trading case has identified 45 individuals, with combined illicit profits totaling $155 million.
According to Decrypt, Build American AI, an advocacy group under the super PAC "Leading the Future" backed by Marc Andreessen, Ben Horowitz, and OpenAI President Greg Brockman, has announced it will invest millions of dollars in advertising across Kansas, Ohio, and Wisconsin to strongly support data center construction. However, a recent poll from the Annenberg Public Policy Center shows that 61% of U.S. respondents oppose building new data centers locally, a significant rise from 49% earlier this year. A majority opposed the projects across all major political affiliations, with Democrats at 69%, Republicans at 54%, and Independents at 53%. President Trump commented on the matter, stating that communities resisting data centers would be "backward and poor," and warned that China is eager to see this backlash. Currently, New York has imposed a moratorium on hyperscale data centers, Texas has halted approvals, and multiple cities have followed with bans. According to Data Center Watch, approximately $130 billion in projects faced obstacles or delays in the first quarter of 2026.
According to Chaoxiang Research, Goldman Sachs' August 31, 2026 research report indicates that Texas and Pennsylvania governors signed executive orders in August to tighten data center development regulations. Goldman Sachs utilities analysts note minimal impact on high-quality, large-scale projects, while speculative, undercapitalized ventures will bear the brunt. SMCI's F4Q26 earnings report reveals single-quarter orders exceeding $60 billion, with FY27 revenue guidance set at $65 to $72 billion, reflecting a 75% year-over-year increase, approximately 70% of which is tied to pure AI deployments.
Odaily News, Avici announced that its card partner Rain discovered today a vulnerability in an old Solana card contract used by Avici and a few other projects. The relevant contract has now been upgraded across all projects, and no further unauthorized activity has been detected. This incident only affected the standalone Solana contract used to hold post-deposit card balances; users' Avici wallets and card balances are isolated from each other, and funds in Solana and EVM self-custody wallets are safe and unaffected. Upon review, a total of 1,685 users were affected, with combined card balances of approximately $500,900. Avici has committed to fully refunding card balances to all affected users and has filed a report with the FBI's Internet Crime Complaint Center (IC3). Previously reported, Avici, a crypto banking project, saw its native token AVICI allegedly suffer a hacker attack, with losses of approximately $1.02 million. The attacker transferred 10,000 SOL stolen from the project to another wallet, converted it into approximately $1.02 million USDC, and then swapped the funds into approximately 418 ETH via cross-chain operations.
Odaily News, Hyperliquid Policy Center stated on the X platform that perpetual contracts should be central to the innovation agenda of the U.S. Commodity Futures Trading Commission (CFTC). The agency has submitted a statement ahead of the first meeting of the CFTC's Technology Advisory Committee on August 20, noting that perpetual contracts are expanding beyond digital asset markets into traditional asset classes such as equities and commodities, and that demand for these products among U.S. market participants is rising. Perpetual contracts can meet the risk management needs of various market participants, particularly suited for airlines hedging fuel costs, investment funds managing portfolio exposure, and AI developers addressing compute costs—exposures that are ongoing and have no defined expiration date. Compared to futures with fixed expiration dates, perpetual contracts require no rollover and face no expiration or delivery issues, using periodic funding rates to anchor the contract price to the underlying asset. Currently, on Hyperliquid, perpetual contracts deployed by third-party developers have covered over 80 traditional commodity and stock markets, with cumulative notional trading volume exceeding $500 billion. The CFTC has taken multiple steps this year to facilitate the launch of perpetual contract markets in the U.S. In May, the CFTC approved the first perpetual futures contract listed in the U.S. and issued a policy statement on listing perpetual contracts along with guidance on continuous trading; in June, the CFTC sought public comment on expanding perpetual contracts to energy commodities and further consulted on compute derivatives. Additionally, Hyperliquid Policy Center believes that on-chain infrastructure can also modernize U.S. derivatives markets within the existing regulatory framework. Public blockchains can openly record markets, orders, and positions, conduct margin assessments programmatically on an ongoing basis, and enable real-time collateral transfers, thereby reducing counterparty credit risk and settlement risk. The agency will continue to provide research and technical documents to the CFTC's Technology Advisory Committee and committee staff, and work to establish a pathway for U.S. market participants to access on-chain markets in a compliant manner. The agency believes that perpetual contracts represent one of the most notable financial innovations of the past decade and should be further developed in the U.S. market.
According to an announcement by the U.S. Commodity Futures Trading Commission (CFTC), fraudsters are frequently impersonating government agencies, banks, investment firms, utility companies, or technical support personnel to lure victims into transferring funds via cryptocurrency ATMs, gift cards, unknown apps, or courier deliveries, exploiting the irreversible nature of transactions and the difficulty of tracing address ownership to carry out scams. Data from the Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) shows that reported losses involving cryptocurrency ATMs in 2025 exceeded $388 million, up 58% from the previous year, with actual losses likely higher due to underreporting. The CFTC states that legitimate government agencies, financial institutions, and businesses will not require users to transfer assets via cryptocurrency ATMs, gift cards, or courier services. If parties urge action on the grounds that "your account or identity faces an urgent risk," demand secrecy, request remote access to devices, or instruct transfers to designated wallet addresses or via QR codes, these should be treated as high-risk red flags. Regulators advise users to halt transactions, independently verify information through official channels, and promptly report suspected fraud to the CFTC or the FBI IC3.
the Hyperliquid Policy Center, together with tradeXYZ, has submitted a joint comment letter to the U.S. Commodity Futures Trading Commission (CFTC), urging regulators to bring energy-based perpetual contracts into the U.S. regulated derivatives market. The two firms stated that during periods when traditional energy markets are closed due to sudden events such as conflicts in the Middle East, market participants lack real-time tools to manage crude oil risk, while blockchain-based perpetual contract markets can provide round-the-clock price discovery and risk hedging channels.HPC noted that during previous Middle East conflicts, traditional U.S. energy futures markets were closed, while overseas traders were able to manage risk through crude oil perpetual contracts on Hyperliquid. Data shows that during the first weekend of the conflict, approximately two-thirds of the price movement in global oil prices—from Friday's close to the reopening of traditional markets—had already been completed in advance via on-chain markets.
According to the comment letter released by the Hyperliquid Policy Center (HPC), it calls on the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a harmonized regulatory framework for perpetual contracts. The HPC asserts that while perpetual contracts lack fixed expiration dates, they exhibit traditional futures characteristics such as standardization, fungibility, the ability to be offset, and price convergence driven by funding rates; accordingly, cash-settled stock perpetual contracts possessing these traits should be allowed to be listed as "security futures." The HPC recommends that both agencies standardize classification criteria across different underlying perpetual contracts, retain exchanges' flexibility in product listing decisions, and modernize the security futures framework. It noted that clear regulatory guidance would help lower market entry barriers, foster exchange competition, and bring perpetual contract trading back to the U.S. market.
the Hyperliquid Policy Center stated on the X platform that the world's largest perpetual contract market has developed in offshore regions because U.S. regulators have not yet answered a fundamental question: are these products futures or swaps? The U.S. Commodity Futures Trading Commission (CFTC) began answering this question in May, allowing the first batch of perpetual contracts to be listed as futures contracts on U.S. exchanges. Now, the Hyperliquid Policy Center has applied to the U.S. Securities and Exchange Commission (SEC) and the CFTC to confirm that equity perpetual contracts can be listed as security futures. This confirmation would provide the necessary regulatory clarity for related products to return to the onshore market.Previously reported, the first Anthropic Pre-IPO market launched on Hyperliquid, with a 24-hour trading volume of nearly $3 million.
Odaily News: The Hyperliquid Policy Center has released a research report titled "Perpetual Futures as Complements to Dated Futures," stating that perpetual futures can expand market risk management tools and improve price discovery efficiency, rather than squeezing out traditional dated futures markets.The report points out that the biggest difference between perpetual contracts and traditional futures is that they have no expiration date, meaning traders are not forced to roll over positions and can gain continuous exposure to asset prices through a single contract, making them better suited for around-the-clock trading. As perpetual futures enter the U.S. market for the first time, there has been concern over whether they would divert liquidity from traditional futures.The Hyperliquid Policy Center analyzed data from Bitcoin and on-chain WTI crude oil perpetual contracts, comparing perpetual contract prices during periods when traditional futures markets were closed against benchmark futures prices after markets reopened. The study covered 205 Bitcoin trading weekends and 19 weekends of on-chain crude oil perpetual contract samples.The research found that perpetual futures complement traditional futures in several ways:- Perpetual contracts can lower hedging costs by avoiding the additional expenses associated with rolling positions after traditional futures expire;- Perpetual contracts attract small-scale trading demand that traditional futures struggle to cover—for example, the median trade size for on-chain crude oil perpetuals is approximately $1,300, roughly 1/100th of traditional WTI futures;- Perpetual markets provide effective price discovery during periods when traditional markets are closed, with weekend prices typically being validated by benchmark market prices upon reopening;- During extreme market conditions, perpetual contracts help investors continuously manage risk—for instance, during the weekend of significant crude oil volatility in March 2026, using on-chain crude oil perpetuals for hedging could significantly reduce potential losses;- Data shows that after the launch of perpetual markets, no statistically significant negative impact was observed on traditional benchmark markets, with WTI futures spreads even narrowing after market reopening.