News linked to both this project and an event.
According to CoinDesk, Utexo, an infrastructure project supported by Tether, plans to issue USDT on the Bitcoin network this month. Utexo has obtained a commercial license to issue USDT on Bitcoin and plans to provide corresponding APIs, SDKs, and cloud infrastructure for exchanges, wallets, and payment service providers. Based on the RGB protocol and the Bitcoin UTXO model, Utexo will keep most transaction data off-chain, with a focus on supporting three types of applications: private USDT transfers, direct swaps between native BTC and USDT, and borrowing using native BTC as collateral without wrapping BTC to other blockchains. USDT was first issued on the Bitcoin network via the Omni protocol in 2014, after which Ethereum and Tron gradually became its primary circulating networks. Following the issuance of USDT on the Bitcoin mainnet, Utexo also plans to further expand to the Lightning Network.
Odaily Report: USDT is expected to return to the Bitcoin network this month through infrastructure developed by Utexo, a project backed by Tether. Utexo plans to support private USDT transfers, direct swaps between native Bitcoin and USDT, and loans collateralized by native Bitcoin. (CoinDesk)
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has submitted two proposed rules to the White House Office of Management and Budget (OMB): one would formally classify event contracts traded on platforms such as Kalshi, Polymarket, Crypto.com, and Robinhood under the regulatory definition of "swaps"; the other would explicitly exclude casino-style gambling products from the swaps category. This move aims to respond to recent federal court rulings—the Sixth and Eighth Circuits both ruled that Kalshi's sports-related contracts do not qualify as swaps and should be subject to state gambling regulations, while the Third Circuit upheld the CFTC's jurisdiction over prediction markets. With conflicting rulings across the circuits, the matter may ultimately need to be resolved by the U.S. Supreme Court. Currently, the CFTC comprises only one commissioner, Chair Mike Selig, with all related decisions made solely by him.
Odaily News: Brazilian state-owned oil company Petrobras is testing the Cardano blockchain in two research projects to track environmental claims related to sustainable aviation fuel and partially renewable Diesel R.The aviation fuel project aims to prevent companies from double-counting the same emissions reductions; the Diesel R project will record fuel production, transportation, and usage stages to support emissions reporting. Both projects are still in the research phase, and no timeline for expanded deployment or the scale of fuel coverage has been disclosed. (CoinDesk)
According to CoinDesk, the US Dollar Index (DXY) has gained approximately 2.6% since September 9 and touched a two-month high of 101.69 earlier this week. Although a strong dollar is typically viewed as a bearish factor for risk assets such as Bitcoin, on-chain and market data indicate a weak correlation between the two. Over the past 90 trading days, the daily return correlation coefficient between BTC and the DXY was -0.41, with an R² of only 0.17, meaning the DXY explains merely about 17% of the variance in BTC's daily returns; since January 2020, the average of this 90-day correlation has been lower at -0.14. Currently, the BTC price has pulled back from a peak of around $87,500 on September 21 to the $83,000–$84,000 range, with limited downside. Analysts note that Bitcoin also lacks significant correlation with US Treasury yields, further reinforcing its role as a portfolio diversification asset.
the U.S. Securities and Exchange Commission (SEC) on September 1 proposed the first major update to securities transfer agent rules since the late 1970s, aiming to adapt to the shift from paper records to electronic data.SEC Chairman Paul Atkins said the rules should reflect how securities transfer agents actually operate today and in the future, including the use of blockchain technology in securities issuance and share transfers.Securities transfer agents are responsible for maintaining official records of securities ownership, processing transfers and restrictive legends, and collaborating with the Depository Trust & Clearing Corporation (DTCC) as part of the national clearing and settlement system. (CoinDesk)
As reported by CoinDesk, on September 1, the U.S. Securities and Exchange Commission (SEC) proposed the first major update to transfer agent rules since the 1970s, with Chairman Paul Atkins explicitly stating that the rules should cover the application of blockchain technology in securities issuance and share transfers. In an article, Fairmint co-founder Joris Delanoue noted that if ownership data is distributed across token wrapping layers, SPVs, broker-dealer internal ledgers, and off-chain databases, it would replicate the history of the late 1960s "paper crisis." He emphasized that tokens themselves should function as the official ledger mandated by Section 17A of the Securities Exchange Act, rather than serving as wrappers for off-chain securities. The article calls on the industry to consolidate ownership data around unified open standards and recommends that the SEC distinguish between on-chain native registration and third-party wrapping models in Form TA-2, permit the use of cryptographic credentials and other modern identity identifiers, and integrate smart contract pre-trade restrictions into compliance enforcement mechanisms.
Odaily News: Cryptocurrency exchange Gemini has switched its Zcash system operating software from Zebra to Zakura, reducing the time required for nodes to catch up with the network state from nearly a day to just over 6 hours.The switch was made ahead of Zcash's planned NU7 upgrade. The upgrade aims to reduce block times from 75 seconds to 25 seconds, requiring network computers to process transactions at three times the previous frequency.Developers aim to implement the mainnet upgrade on November 5, but Gemini has not yet published performance test results for Zakura under the faster block production frequency. (CoinDesk)
Odaily reports: Aztec Network developer Aztec Labs has relaunched the self-custodial wallet zk.money. The wallet can conceal payment amounts, balances, and recipient information through Aztec Network, and supports transfers via readable names or links.Users can deposit DAI, USDC, or USDT from Ethereum, with USDC and USDT being converted to DAI. Deposit records remain publicly traceable, while subsequent transaction activity remains private.The early Alpha version limits individual deposits, payments, and withdrawals to under $2,500, and screens addresses in accordance with sanctions policy. The software has not yet undergone a full audit and carries security risks. (CoinDesk)
Odaily News: Last week, no Democratic senators in the U.S. Senate voted to advance the Clarity Act, and the bill failed to move to the next procedural step. The bill was intended to establish regulatory rules for digital assets and aimed to reduce everyday transaction costs in the United States. (CoinDesk)
Odaily News: Zcash developers are integrating parts of the scaling project Tachyon's code into the Zakura Common cryptography library, with a new component called Udon released on Monday. Tachyon lead Sean Bowe stated that Udon was previously developed as part of Tachyon and has now been added to Zakura Common to leverage the library's existing performance optimizations.The long-term goal set by Bowe and Dev Ojha, lead at Valar Group, is to achieve over 50,000 private payments per second. Tachyon aims to reduce the amount of data that Zcash nodes need to receive and verify by merging proofs from multiple transactions into a single proof. However, the upgrade has not yet been activated on the Zcash network.According to ZecStats data, in the 7 days ending September 28, Zcash averaged approximately 6,200 transactions per day involving shielded funds, down from an average of approximately 11,700 per day in the 7 days ending September 21. (CoinDesk)
Odaily News: Goldman Sachs' $100 billion treasury fund FTIXX has launched on Lynq as the first external fund, providing institutional digital asset companies with access to a traditional treasury fund.Unlike BlackRock's BUIDL and Franklin Templeton's BENJI, FTIXX will not be tokenized, with Lynq serving merely as a new distribution channel for the existing fund. Lynq clients can park cash in FTIXX between trades to earn yield until the funds are needed for other purposes. (CoinDesk)
Odaily News: Cross-chain protocol Chainlink has released CCIP 2.0, allowing enterprises to add their own security checks for cross-blockchain transfers on top of its default network of 16 operator validators.The upgrade comes after Kelp DAO suffered a $292 million hack in April, an incident attributed to a LayerZero cross-chain bridge setup using a single validator; Kelp DAO subsequently migrated its rsETH token to Chainlink.Chainlink's risk management network no longer operates as a standalone security safeguard, and users who do not add their own validators will rely on one validation network rather than two. (CoinDesk)
According to CoinDesk, Hong Kong-based stablecoin payment company RedotPay announced on Monday that it has completed its financial audit and anti-money laundering and counter-terrorist financing compliance review, both conducted by Big Four accounting firms, as a necessary preparatory step for applying to launch an initial public offering (IPO) in the United States.
Odaily reports: Solana's Alpenglow upgrade has gone live on devnet and testnet, aiming to reduce transaction settlement time from 12.8 seconds to approximately 150 milliseconds.The upgrade changes how validators reach consensus and moves validator votes out of blocks; even with user activity unchanged, the reported total transaction count will decrease. The mainnet launch date has not yet been determined, and the 150ms target has not yet been consistently achieved in a live market environment. (CoinDesk)
Odaily reports: The U.S. Securities and Exchange Commission (SEC) issued a position on September 17, granting a five-year exemption for qualifying tokenized U.S. stocks, allowing them to be traded on-chain in the United States. The tokens must carry the same dividend, voting rights, and share class rights as the underlying stocks.Synthetic exposure products are not covered by the exemption. AMC Entertainment CEO Adam Aron called Robinhood's tokenized AMC shares a "quasi-fake market" and threatened legal action, while Robinhood CEO Vlad Tenev stated that public companies have no right to approve every product developed based on their stocks.Over seven trading days from August 31 to September 9, the median deviation between the closing price of Robinhood AMC tokens in the Uniswap pool and the closing price of AMC on the New York Stock Exchange was 0.87%, with a maximum deviation of 2.71%. The Uniswap pool carries approximately 95% of the related trading volume. (CoinDesk)
Odaily News: Digital asset investment firm RockawayX will deploy $150 million through its Catapult program to provide venture capital, product structuring, liquidity, market-making, and distribution support for projects bringing real-world yield assets into DeFi. RockawayX manages approximately $2 billion in assets and has already deployed about $300 million onchain. The program will focus on areas including trade and supply chain finance, special asset-backed securities, CLOs, and real estate-related credit.RockawayX CEO Viktor Fischer said that after trading, "yield" could become the largest use case onchain, and that new yield sources with annualized returns exceeding 12% and uncorrelated to crypto market trends will be needed in the future. Fischer also noted that the challenge with real-world assets (RWAs) is not tokenization itself, but rather the buyers, trading venues, and exit mechanisms after assets are tokenized. (CoinDesk)
据 CoinDesk 报道，加密支付公司 MoonPay 宣布计划以超过 6000 万美元的全股票交易收购私人市场投资平台 North Capital，后者将成为 MoonPay 的全资子公司，交易尚待监管批准。North Capital 总部位于美国犹他州盐湖城，平台累计一级及二级市场交易量约达 90 亿美元，其关联机构持有 SEC 注册的经纪自营商、交易、转让及投资顾问等多项资质。 MoonPay CEO Ivan Soto-Wright 表示，此次收购旨在构建支持代币化现实资产大规模采用的监管基础，通过现代可编程基础设施连接金融系统各环节。这也是 MoonPay 今年收购潮的延续，此前已相继收购 Solana 交易基础设施提供商 DFlow 及安全初创公司 Sodot。
According to CoinDesk, Solana has been testing the Alpenglow upgrade on its public testnet, aiming to reduce transaction finality from approximately 12.8 seconds to 150 milliseconds. The upgrade will replace TowerBFT with the Votor voting protocol, enabling validators to confirm blocks through one to two rounds of direct voting. Currently, testing only supports the Agave 4.3 client developed by Anza, while Firedancer and Frankendancer under Jump Crypto have not yet been integrated. A mainnet launch date has not yet been confirmed.
the Alpenglow upgrade for the Solana blockchain network has entered public testnet, with developers set to test reducing transaction finality from approximately 13 seconds to 0.15 seconds, or 150 milliseconds.The upgrade will replace Solana's existing TowerBFT consensus system with Votor, allowing validators to confirm blocks through one or two rounds of direct voting, though the way users send funds will not change.The initial testnet migration requires Agave 4.3, and Firedancer or Frankendancer are not yet supported. The September 28 mainnet update remains a tentative arrangement and is not a confirmed launch date for Alpenglow. (CoinDesk)