News linked to both this project and an event.
Bitget Chief Legal Officer Hon Ng has released an open letter on the occasion of the platform's eighth anniversary. As the platform continues to evolve into a Universal Exchange (UEX), Bitget has further upgraded its Proof of Reserves (PoR) system, expanding the scope of verifiable assets from four original cryptocurrencies to 19 major assets. Data shows that as of September 2026, Bitget has consecutively published 46 PoR reports. In his letter, Hon Ng noted, "Growth and responsibility are never two separate pursuits." As the platform's scale, asset categories, and market boundaries continue to expand, security, transparency, and compliance standards must also be upgraded in tandem. "Making trust visible and verifiable remains a cornerstone of Bitget's commitment to long-termism." On the security front, account-level protections cover 2FA, FIDO2, WebAuthn Passkeys, and anti-phishing codes, while platform security mechanisms integrate withdrawal protection, anomaly detection, and anti-fraud systems, providing backend safeguards for every user interaction. The Market Order & Token Responsibility Framework introduced this year further strengthens continuous monitoring and risk management of listed assets, project teams, and market makers. By continuously optimizing mechanisms and enhancing transparency, it maintains a fair and orderly trading environment. From a compliance perspective, Bitget has secured corresponding registrations, licenses, or regulatory approvals in multiple jurisdictions, including Argentina, Australia, New Zealand, Switzerland, and the United Kingdom, and holds
Bitget Chief Legal Officer Hon Ng has published an open letter on the occasion of the platform's 8th anniversary. As the platform continues to evolve toward a Universal Exchange (UEX), Bitget has further upgraded its Proof of Reserves (PoR) system, expanding the scope of verifiable assets from the original 4 cryptocurrencies to 19 major assets. Data shows that as of September 2026, Bitget has published 46 consecutive PoR reports. In the letter, Hon Ng noted, "Growth and responsibility have never been two separate things." As the platform's scale, asset categories, and market boundaries continue to expand, security, transparency, and compliance standards must also be upgraded in tandem. "Making trust visible and verifiable has always been an important cornerstone of Bitget's commitment to long-termism."On the security front, the account level covers 2FA, FIDO2, WebAuthn Passkeys, and anti-phishing codes, while the platform's security mechanisms integrate withdrawal protection, abnormal behavior detection, and anti-fraud systems, providing back-end safeguards for every user operation. The "Market Order and Token Responsibility Framework" launched this year further strengthened continuous monitoring and risk management of listed assets, project teams, and market makers. Through ongoing mechanism optimization and transparency initiatives, the platform continues to maintain a fair and orderly trading environment.On the compliance front, Bitget has obtained corresponding registrations, licenses, or regulatory approvals in multiple jurisdictions, including Argentina, Australia, New Zealand, Switzerland, and the United Kingdom, and continues to improve its compliance systems, including KYC, KYB, AML, CFT, and sanctions list screening, to adapt to the regulatory requirements of different markets and asset categories.
Odaily reports: Digital asset management company Grayscale stated in an analysis published on September 17 that the latest Federal Reserve rate hike is closer to a "mid-cycle adjustment" rather than a major monetary policy shift.The Federal Open Market Committee raised the target rate range by 25 basis points to 3.75%–4% on September 16, stating that the hike aims to bring inflation back to the 2% target in a more timely manner. Grayscale believes that this rate hike, along with a possible second hike later this year, is unlikely to cause major changes in the digital asset market.Grayscale noted that from March 2022 to July 2023, the Federal Reserve raised rates by a cumulative 525 basis points, with sustained tightening increasing returns on cash and yield-bearing assets and raising the opportunity cost of holding Bitcoin; the current environment, by contrast, is a single rate hike following years of hikes, cuts, and holding steady.Grayscale stated that the impact of rate hikes will vary by crypto business model. Stablecoin issuers could benefit from increased interest income on reserve assets, and higher yields on tokenized bonds and money market funds could also attract capital inflows into on-chain financial products. On September 17, Bitcoin briefly rose above $77,000, with short position liquidations in the crypto market reaching nearly $260 million during the rebound. (Bitcoin.com News)
BitTorrent's native token BTT is now officially listed on Binance US, with deposits now open. The BTTC/USDT trading pair will officially commence trading at 7:00 AM Eastern Time on September 10. BTT is the native cryptocurrency of the BitTorrent protocol built on the TRON blockchain, primarily designed to incentivize the decentralized file-sharing ecosystem. Users can earn BTT by seeding, and can also utilize BTT to accelerate downloads, pay for decentralized AI compute and storage space, and across multiple other scenarios, creating a closed-loop value system. This listing on Binance US marks a further expansion of BTT's reach in the North American market and delivers a more convenient circulation and usage experience for global users.
CryptoQuant analyst Axel Adler Jr. stated that over the past two days, Bitcoin's active buy and sell order pressure has shifted to sellers, with prices falling from $79,900 to $78,700. Open interest rose during the price decline, indicating that new positions are driving this move. Data shows that on the morning of September 6, the Bitcoin active order pressure oscillator was at +3.82, before breaking below zero and remaining in negative territory for 46 hours, with the latest reading at -3.19. Although selling pressure has eased from its local low of -5.28, bulls have not yet regained control. The near-term outlook remains bearish, with improvement signaled only when the oscillator consistently returns above the zero line, accompanied by price stabilization.
CryptoQuant analyst Darkfost stated that as BTC climbed back to approximately $82,000, Binance Bitcoin futures open interest increased by nearly 8% over the past 24 hours, surpassing $10 billion and reaching a near six-month high. Open interest denominated in BTC also rose to 125,830 coins.
Odaily News, glassnode report: The short squeeze in mid-August drove Bitcoin's rebound, pushing it above $80,000 on August 27. However, the price subsequently encountered resistance in the long-term supply zone above, retreating to around $76,000 and triggering a series of long liquidations. Currently, the $83,000-$86,000 range has accumulated a large number of potential short liquidation positions, while the $60,000-$63,000 zone below holds undigested long liquidation clusters, leaving Bitcoin sandwiched between the two.On-chain data shows that when Bitcoin traded near $78,000 in May this year, approximately 65% of the supply was in profit. When the price returned to the same level at the end of August, that proportion had risen to 68%. The summer redistribution of coins has pushed short-term holders' cost basis to around $71,000, and at this same price level, more profitable coins are now activated, increasing potential selling pressure. Combining cost basis and coin distribution, $62,000-$65,000 serves as an accumulation support zone, while $83,000-$86,000 represents a concentrated supply zone for long-term holders.During the rebound, the 7-day average net inflow for US spot Bitcoin ETFs peaked at $290 million per day, but secondary market daily trading volume remained at around $3 billion, significantly lower than the previous expansion phase. Meanwhile, the yield on the US 10-year Treasury briefly fell to 4.6% following the Treasury's buyback announcement on August 19, but returned to 4.8% in just 8 trading days, hitting a new cycle high.In the options market, short-term optimism has cooled while long-term options demand persists. Open interest for Deribit and IBIT options expiring on September 25 stands at approximately $14 billion, with a substantial portion of positions concentrated above $80,000, which could serve as an important volatility and positioning anchor in the coming weeks. Until the supply above $83,000-$86,000 is absorbed, Bitcoin will continue to trade in a range, with $62,000-$65,000 serving as the primary downside reference zone.
According to Odaily, on-chain analyst Ember Monitoring reports that a whale entered a long position on 20,000 ETH at the start of the recent price surge on August 19 at 21:00. As of now, the position remains open, with unrealized profits of $11.76 million. The whale has captured the full 34% upside of this ETH rebound during the holding period.
Only 1 day remains until DeepSeek-V4-Flash is fully available for free on the B.AI platform on August 17. At that time, the web interface and API will go live simultaneously, allowing users to freely enjoy full-scenario experiences such as code execution, complex Agent tasks, and long text processing. To empower developers to use DeepSeek without worrying about costs, B.AI is simultaneously launching three benefits: New users logging in via Binance Wallet, Bitget Wallet, or imToken wallet can claim 1 million free Credits; entering an invitation code adds another 300,000, bringing the cumulative total to up to 1.3 million; both new and existing users who recharge can enjoy extra Bonus Credits of up to 100 USD. Please note that accounts must retain a small amount of Credits for identity verification; please prepare in advance. The specific launch time will be announced soon; please stay tuned to B.AI official updates.
Bitcoin News announced on X platform that @BitcoinatBlock has updated its Bitcoin roadmap, having rolled out multiple features across its products over the past year. Recently launched features include: - Cash App supports Bitcoin purchases via ACH. - More readable Bitcoin addresses. - Dollar payments via the Lightning Network. - Square merchants support Bitcoin payments and Tap to Pay. - 5% Bitcoin cashback. - Increased withdrawal limits and reduced fees. - Open-source mining management through Proto. Features currently in development include: automatic withdrawals to Bitkey, Coin Control, multi-account support, and multi-beneficiary inheritance.
According to the official announcement, Bybit Spot will list KII (KII/USDT) on the spot market at 1:00 PM UTC on August 14. Deposits are now open. Deposits Open: August 13, 10:00 AM (UTC); Trading Starts: August 14, 1:00 PM (UTC); Withdrawals Open: August 15, 10:00 AM (UTC) Kii is a stablecoin-powered, 24/7 on-chain foreign exchange (Onchain FX) infrastructure layer. Kii aims to provide cross-border payments, foreign exchange trading, and financial solutions for enterprises and individual users.
Odaily News According to official sources, Gate's GUSD product has been fully upgraded. Users holding GUSD can enjoy an annualized yield of 3.8%,with support for flexible deposits and withdrawals, 1:1 lossless redemption in the original subscription currency, and zero redemption fees. Meanwhile, Gate Launchpool is simultaneously opening SPCX and SLX staking pools. Among these, the total value of flexible staking in the SPCX GUSD pool has approached 66.38 million GUSD, with a staking APR of 3.50%. Combined with the 3.8% base annualized yield from GUSD flexible savings, the total annualized yield reaches as high as 7.30%.In addition, Gate is running multiple wealth management and reward campaigns in parallel. Dual rewards for deposits and trading: From 14:00 on August 3 to 14:00 on August 10, 2026 (UTC+8), deposit 100 USDT to receive 100 USDT, and trade to earn an additional 0.1 ETH. Exclusive VIP boost for Gate's余币宝 (Flexible Savings): USDT fixed-term wealth management yields have been fully upgraded, with 7-day and 30-day annualized yields increased to 3.8% and 4.0%, respectively. Quotas are limited and available on a first-come, first-served basis. High-yield campaign for USD1 holders: Starting from 00:00 on July 29 (UTC+8), users holding USD1 in their asset accounts can earn up to 8% annualized yield. Campaign rewards will be distributed daily in the form of WLFI to eligible user accounts.As the product ecosystem and reward framework continue to evolve, Gate will keep enriching users' asset yield scenarios, delivering a digital asset management experience with higher returns and lower barriers.
Odaily News: Following the launch of Open USD, concerns arose in the market that it could directly challenge Circle's USDC, leading to a loss of billions of dollars in Circle's market value. Executives from Coinbase, Visa, and Mastercard stated that the companies are advancing a multi-stablecoin, multi-chain strategy, positioning Open USD as an additional network rather than a replacement for USDC. Analysts noted that several Open USD partners have so far made only lightweight commitments, and that project execution capabilities, along with the existing liquidity of USDC and USDT, will be more critical than the scale of the Open USD alliance.
According to The Block, Bernstein analyst Gautam Chhugani lowered Circle (CRCL)'s price target from $190 to $140, but maintained an "Outperform" rating, implying approximately 118% upside potential compared to the current stock price of $64.32. Bernstein expects Circle's Q2 performance to be essentially flat, with USDC supply decreasing from $77 billion at the end of Q1 to $73 billion. Regarding market concerns over the competitive threat from the Open USD alliance, Bernstein believes its cohesion is insufficient; Visa also stated it will maintain a multi-currency, multi-chain strategy and will not bet on a single winner. Additionally, the profit-sharing agreement between Circle and Hyperliquid is expected to transfer approximately $190 million in reserve yield annually to the latter, with the full impact to be reflected in Q3. Bernstein also lowered its end-of-2026 USDC supply forecast by 37% to $83 billion, but remains long-term bullish on Circle capturing approximately 30% share of the global stablecoin market by 2035.
: Federal Reserve Chairman Kevin Warsh will announce the Federal Open Market Committee (FOMC) interest rate decision on July 29. The market widely expects the benchmark interest rate to remain unchanged at 3.50% to 3.75% for the fifth consecutive time. Data from CME FedWatch shows the probability of a rate hold is between 95% and 98%. TD Securities stated that traders are still overestimating the probability of a surprise rate hike, and the related pricing includes a risk premium due to the Iran situation. The institution believes that if the Fed holds rates steady as expected, the deviation between current market pricing and actual policy action will narrow. TD Securities predicts that if the Fed keeps rates unchanged for an extended period, the dollar could fall by about 2% in the second half of 2026. The institution believes that the Fed needs to see clearer evidence of sustained inflation and a strong labor market before considering a rate hike.
Mizuho analysts stated that if the U.S. crypto market structure bill, the "Clarity Act," is passed, while it may generally benefit the digital asset industry, the long-term impact on Circle could be negative. The reason is that regulatory clarity will attract more large institutions into the stablecoin market, further accelerating stablecoin commodification and eroding the revenue potential of Circle's USDC.Mizuho believes that the primary pressure Circle faces in the near term comes from Open USD. This stablecoin project is backed by a coalition of over 140 financial, technology, and crypto companies, with members including Visa, Mastercard, Stripe, BlackRock, and Coinbase. Unlike Circle's model, which retains approximately 38% of USDC reserve yields, Open USD employs a "pass-through" model, distributing nearly all reserve yields to distribution partners while retaining only a small management fee.Analysts also noted that Coinbase, as the largest distributor of USDC, also supports Open USD. This could give Coinbase stronger bargaining power when renegotiating its revenue-sharing agreement with Circle in the future. The distribution agreement between the two parties could be up for renegotiation as early as next month.
AVE has now fully integrated Hyperliquid on-chain contract trading across its mobile app, TG Bot, and PC client, providing users with a more convenient and multi-scenario on-chain contract trading experience.On the occasion of this feature upgrade, AVE is launching the "AVE x Hyperliquid Contract Upgrade Benefits" event, inviting all users to actively participate and share in rewards of up to 12,000U.Event Period: July 16, 2026, 18:00 – July 26, 2026, 23:59 (UTC+8)Two Core Rewards:Open Orders to Share Up to 4,000UUsers who deposit and have a cumulative margin of at least 20 USDT for opening positions will share a 2,000U prize pool. If the number of eligible users exceeds 500, the prize pool doubles to 4,000U.Trading Leaderboard to Share Up to 8,000UUsers with a cumulative trading volume of 20,000U are eligible to participate in the ranking. The top 100 will share the prize pool according to the rules. The base prize pool is 3,000U, increasing with the total trading volume of the event, up to a maximum of 8,000U.Eligible trades will be automatically included in the statistics. Both rewards can be earned simultaneously.Welcome all users to participate in Hyperliquid on-chain contract trading. Trade more, earn more rewards, and collectively unlock a bigger prize pool.Note: This event is subject to the final interpretation rights of Ave.ai. All trading records are uploaded to the blockchain in real-time, ensuring the ranking data is tamper-proof.
analyst KawzInvests stated that Moonshot AI's upcoming Kimi K3 could become a significant event in the open-source AI space, and the infrastructure demand behind it may drive growth for AI cloud service platforms. Kimi K3 has approximately 2.8 trillion parameters, making it one of the ultra-large-scale open-source models. According to Moonshot's official evaluation, the model's performance is only slightly behind frontier models like Claude Fable 5 and GPT 5.6 Sol, and the full model weights are expected to be released on July 27.KawzInvests pointed out that a model of this scale cannot run on an ordinary laptop or even a single server; users need a computing cluster composed of a large number of GPUs to complete model loading and inference. When top-tier open-source models are made available for free, the biggest beneficiaries might not be ordinary users, but rather platforms that offer model hosting and inference services. For example, $DOCN (DigitalOcean) already supports serverless inference services for models like Kimi K2.6. Developers do not need to deploy hardware; they can call the model via API and pay per Token. Additionally, the platform hosts over 70 models and covers GPU leasing, model fine-tuning, and AI Agent development tools.As more large-scale open-source models are released, developers' demand for low-barrier AI infrastructure will continue to increase. Model hosting, inference services, and GPU cloud platforms may become key beneficiaries in the open-source AI wave.
U.S. spot Bitcoin ETFs recorded net outflows of $4.5 billion in June, marking their worst monthly performance since their launch in January 2024. Bitcoin fell 20.48% in June, hitting a 21-month low of $58,190 on July 1. Citi has lowered its 12-month Bitcoin price target from $112,000 to $82,000, following a previous reduction from $143,000 on March 17. Citi also cut its 12-month Ethereum price target from $3,175 to $2,240. Strategy sold 32 Bitcoins between May 26 and 31, worth approximately $2.5 million, its first sale since December 2022. As of May 31, it held 843,706 Bitcoins, with the board approving a framework for selling up to $1.25 billion in Bitcoin. Open interest in leveraged Bitcoin futures fell from around $31.3 billion around May 30 to about $21.6 billion in early June. Within two weeks, major holders increased their holdings by over 270,000 Bitcoins.
According to CoinDesk, Japanese investment bank Mizuho has downgraded stablecoin issuer Circle (CRCL) from "Neutral" to "Underperform," with the price target significantly lowered from $85 to $50. Circle's stock price subsequently fell 0.6% to $62.63. Mizuho analysts pointed out that the OpenUSD stablecoin launched by the Open Standard consortium on June 30 poses a fundamental threat to Circle's business model. Unlike the USDC model, which retains most reserve yield and then shares it with partners such as Coinbase and Binance, OpenUSD charges only a small operating fee and distributes the vast majority of reserve yield to issuers and distributors, which may force Circle's partners to demand a higher revenue share. The consortium has assembled over 140 partners, including Mastercard, Stripe, Coinbase, and BlackRock.