News linked to both this project and an event.
Odaily News: First Digital is a Hong Kong-based digital asset company and the issuer of FDUSD. The company has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to form a new holding company and list on Nasdaq, with completion anticipated in the first half of 2027, subject to regulatory approvals and other closing conditions. As of June 30, 2026, FDUSD's cumulative trading volume has exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, First Digital generated approximately $87 million in revenue. First Digital stated that FDUSD's reserve assets consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by independent firms. The company's Finance District platform has launched 4 products to date but has not yet generated significant revenue.
According to Bloomberg, Goldman Sachs earned hundreds of millions of dollars in incentive fees by helping clients make early investments in SpaceX ahead of its listing this June at a $1.77 trillion valuation. Insiders revealed that more than five years ago, Goldman Sachs had already assisted select high-net-worth clients in investing in SpaceX, when the company's valuation was only tens of billions of dollars. Following SpaceX's listing, Goldman Sachs clients who sold their shares realized massive gains, while simultaneously generating hundreds of millions of dollars in incentive fees for Goldman Sachs.
Odaily News: Bloomberg ETF analyst Eric Balchunas stated that based on market valuations disclosed by mutual funds holding Anthropic, Anthropic's valuation has grown 22x since June 2024, roughly 10 times the increase of the Nasdaq 100 Index and Nvidia. Fidelity has the largest exposure to Anthropic, followed by CapGrp and BLK; due to the relatively low weighting of these holdings, mutual funds have only benefited marginally from Anthropic's valuation growth.
According to Trend Research, a JPMorgan research report dated September 28, 2026 notes that the technology and AI ecosystem stagnated for three months from June through last week, though valuation downgrades have already become highly pronounced across most sectors. Forward earnings for semiconductors continue to climb by approximately 30%, while software has seen almost no earnings upgrades. Valuations for the Tech Seven Giants have fallen to ten-year lows, trading at nearly one standard deviation below the broader market. Capital expenditures by hyperscalers are projected to grow at a 28% compound annual growth rate through 2030. JPMorgan argues that with cleaner positioning, persistent earnings momentum, and an intact capital expenditure upcycle, it advises re-entering the technology sector and reopening a semiconductor-over-software pair trade. Agentic AI is pushing the CPU-to-GPU ratio from 1:4 to 1:8 toward 1:1, providing tailwinds for CPU-related names.
Odaily News: On-chain analytics platform Nansen has launched a search feature covering over 200,000 wallets linked to mobile copy-trading app FOMO on Solana and Base, allowing users to query their holdings, trades, and profit or loss data. The feature also includes associated addresses that are not visible within the FOMO app interface; Nansen's database has now labeled over 500 million wallets.FOMO launched around May 2025 as a non-custodial copy-trading platform supporting multi-chain gas-free swaps. Since its launch, cumulative trading volume has reached billions of dollars, with weekly revenue hitting $264 million in 2026. It completed a $75 million Series B funding round in June, bringing total funding to approximately $94 million.
According to PR Newswire, USD.AI, a stablecoin protocol facilitating AI lending, has announced a $128.9 million asset-backed GPU financing deal for an undisclosed borrower, marking the largest single loan to date on the platform. The funds will be used to deploy 32 Nvidia GB200 NVL72 systems in British Columbia, Canada. The operator is a publicly listed GPU cloud provider, and the equipment is secured under a multi-year agreement with an investment-grade counterparty. This financing surpasses the $98.1 million GPU financing project announced by USD.AI in June 2026.
According to Bloomberg, AI inference platform startups Modal Labs and Baseten are in talks for a new round of financing. Modal Labs is valued at approximately $15 billion, roughly triple its valuation four months ago; Baseten's valuation could reach $26 billion, double its $13 billion valuation in June. As enterprises accelerate AI adoption and compute-intensive tools such as agents develop, market demand for model inference services and related compute infrastructure continues to grow.
According to Chaoxiang Research, Bernstein’s research report dated September 22, 2026 states that upward revisions to the SOX index’s year-to-date forward earnings reached 113%, while valuations were revised down by approximately 18%. During a 15% pullback from its June peak, earnings estimates were still revised upward by approximately 25%. Semiconductor revenue grew 144% year-over-year in June and 131% year-over-year in July, with memory sales surging 452% year-over-year in July and non-memory sales rising 35% year-over-year. The valuation premium of the semiconductor sector relative to the S&P 500 decreased from approximately 62% last quarter to about 17%.
Odaily News: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against Tehran-based crypto exchange BitBank, alleging that the platform transferred hundreds of millions of dollars in Bitcoin to Iran's Islamic Revolutionary Guard Corps (IRGC). According to OFAC, BitBank is controlled by Iranian financier Babak Zanjani, who was designated in January of this year, and who used the platform to complete transfers between June and July. The designation was made pursuant to Executive Order 13902. The sanctions also cover three executives of BitBank's software developer Pishtaz Simorgh and its parent company Dot One. U.S. Treasury Secretary Bessent stated that using cryptocurrency to finance the Iranian regime does not fall outside OFAC's jurisdiction. OFAC also alleged that Hormuz Safe, a Tehran-based institution that sells safe passage through the Strait of Hormuz, has been transferring payments it received through BitBank since June; the institution was sanctioned in July. OFAC did not disclose the relevant wallet addresses.
Bloomberg reported that stablecoin issuer Tether has become a major gold lender. As of the end of June, the financing Tether provided to the U.S. gold trading platform Gold.com accounted for the majority of its $1.7 billion in outstanding precious metals loans, with Gold.com’s payables and advances to Tether totaling $1.45 billion. Tether took a stake in the platform earlier this year.
Odaily News: The UK House of Lords passed an amendment by a vote of 194 to 138, requiring the Treasury to formulate, publish, and consult on a national digital asset strategy within 12 months after the Financial Services and Markets Act takes effect.The strategy must cover crypto assets, qualifying stablecoins, central bank digital currencies, tokenized securities, and other digital financial assets, and review the availability of banking, payment, and settlement services, as well as the risks to competition and innovation posed by the withdrawal of related services.The bill still needs to undergo a third reading in the House of Lords on September 15, and will then be submitted to the House of Commons for consideration. The UK Financial Conduct Authority (FCA) completed the formulation of rules and guidance for the new crypto asset regulatory regime on June 30. The authorization application channel is planned to open on September 30, 2026, and the regime will take effect on October 25, 2027. (Bitcoin.com News)
Odaily News — Crypto market data provider Kaiko has secured a new round of investment led by S&P Global, bringing the latest funding round's total size to $110 million. DRW Holdings, Susquehanna, Royal Bank of Canada, Nasdaq, BNP Paribas, Bpifrance, Broadridge, Canton Ventures, Coinbase Ventures, and Stellar also participated. Previously, crypto market data provider Kaiko completed a $53 million Series B funding round in June 2022, led by Eight Roads (a venture capital firm backed by Fidelity), with participation from French venture capital firm Revaia and existing investors Alven, Point Nine, Anthemis, and Underscore. (Bloomberg)
According to Cointelegraph, Australia’s financial intelligence regulator AUSTRAC announced that it has cancelled, suspended, or refused to renew the registrations of 45 cryptocurrency and money remittance service providers over the past year. The action targets inactive, insolvent, or operationally unviable businesses, as well as entities posing money laundering or terrorism financing risks. AUSTRAC CEO Brendan Thomas stated that organizations whose registrations have been revoked are prohibited from continuing operations, and certain individuals involved have been referred to Australian and overseas law enforcement agencies. Among them, GetCoins (BA Digital Ventures) had its registration cancelled in June this year after being suspected of being exploited by organized crypto investment fraud schemes.
Odaily News: The Australian Transaction Reports and Analysis Centre (AUSTRAC) has stated that over the past year, it has cancelled, suspended, or refused to renew 45 registrations for cryptocurrency and remittance businesses, targeting service providers that are inactive, insolvent, or not operationally capable.AUSTRAC CEO Brendan Thomas stated that businesses whose registrations have been cancelled are not permitted to continue operating, and that some individuals involved have been referred to Australian and overseas law enforcement or regulatory cooperation agencies. Additional issues cited include failure to report material changes, incorrect registration information, and significant money laundering or terrorist financing risks.AUSTRAC noted that the virtual asset service provider registration of GetCoins, a brand under BA Digital Ventures, was cancelled in June following customer complaints. The agency stated that GetCoins is suspected of being exploited by organized cryptocurrency investment scam activities, and that this action, taken in collaboration with the National Anti-Scam Centre, helped disrupt related activity.AUSTRAC did not disclose the full list of 45 businesses, nor did it provide a breakdown of crypto versus remittance service providers. The public VASP register shows that recent actions have also involved Cryptolink, Self Custody, Jam Xchange, and Coinsec Australia; AUSTRAC has also launched an investigation into Western Union and suspended Cryptolink's cryptocurrency ATM network. (Cointelegraph)
Odaily News: Robinhood Markets has officially served as an IPO underwriter for the first time, participating in the listing of smart ring maker Oura. Oura filed for its IPO last Thursday, with an expected listing valuation exceeding $11 billion. Goldman Sachs, Morgan Stanley, and JPMorgan are serving as the lead book-runners for the deal, with Robinhood ranking 18th among the 18 underwriters.In June of this year, Robinhood received regulatory approval to conduct underwriting business, and CEO Vlad Tenev previously stated his desire to "disrupt" the IPO market. As an underwriter, Robinhood is expected to gain more influence in the allocation of IPO shares to its retail clients. (The Wall Street Journal)
Odaily报道 The U.S. Federal Bureau of Investigation (FBI) has seized over $560,000 in cryptocurrency through court-authorized actions and gained control of domains and servers allegedly used by Hamas to raise funds and recruit supporters. The operations involved three seizures conducted on March 25, June 25, and October 10, 2025.Investigators identified an encrypted chat group that directed supporters to fundraising websites and tracked cryptocurrency addresses that were rotated periodically. The operation also obtained information on thousands of individuals who had contacted Hamas online, attempting to make donations using cryptocurrency or traditional methods.This action expands on the $200,000 cryptocurrency seizure announced in March 2025. At least 17 related addresses have transferred over $1.5 million since October 2024, with funds passing through exchanges, over-the-counter brokers, and accounts linked to locations including Turkey. (Bitcoin.com News)
According to CoinDesk, the IMF confirmed that all new Bitcoin accumulated by El Salvador since its first review in June 2025 came exclusively from private donations, without utilizing any public funds. El Salvador's official Bitcoin holdings have now reached 7,764.37 BTC. The balance had previously surged by more than 1,000 BTC in November alone, and has since been increasing at a pace of one BTC per day. The IMF did not disclose the identities of the donors or the specific donation amounts. Meanwhile, both parties reached a staff-level agreement on the second and third joint reviews of the $1.4 billion financing program. El Salvador is expected to receive approximately $140 million, pending IMF Executive Board approval for it to take effect.
Bitcoin News posted on X platform stating that the IMF said El Salvador's Bitcoin accumulation since the first project review in June 2025 has been fully funded by private donations, without utilizing public resources. The Salvadoran government is not expected to continue accumulating Bitcoin in the future, except for recorded donations. This disclosure comes as IMF staff have reached an agreement with El Salvador on the latest project review, which could unlock an additional $140 million in financing.
Peng Jinlong, Chairman of Taiwan’s Financial Supervisory Commission (FSC), stated that the Virtual Asset Service Provider Act was passed following its third reading on June 30 this year. The FSC is currently drafting nine subsidiary regulations covering stablecoin-related provisions, which are expected to be published and implemented as early as the first quarter of next year. With the advancement of technologies such as AI and blockchain, the financial markets in Taiwan and globally are evolving toward a landscape where traditional finance, digital finance, and blockchain finance operate on three parallel tracks. Rising demand for cross-border payments, trade financing, and fund allocation within semiconductor supply chains has highlighted the role of stablecoins, blockchain, and fintech as new infrastructure supporting cross-border capital flows.
Odaily News: The U.S. Federal Bureau of Investigation (FBI) has seized approximately $560,000 in cryptocurrency and taken control of the domain and servers of a fundraising website linked to Hamas. The U.S. Department of Justice stated that these funds were allegedly intended for use by Hamas's military wing, Al Qassam Brigades.Investigators tracked and confiscated the relevant crypto assets based on three seizure warrants issued on March 25, June 25, and October 10, 2025. Court documents show that the assets involved include Bitcoin, Ethereum, Wrapped Ethereum, Tether (USDT), and TRON (TRX), distributed across 18 addresses controlled by Tether and 3 Binance accounts.According to court documents, encrypted chat groups had directed supporters to visit AlQassam.ps and solicited donations via rotating wallet addresses. After the FBI took over the relevant domain and servers, it obtained information on thousands of individuals who had contacted Hamas to inquire about making donations. (Decrypt)