News linked to both this project and an event.
Odaily News: At a meeting held at the White House yesterday with executives from the crypto industry and financial institutions, Trump urged Congress to pass a "fair version" of the Clarity Act (a crypto market structure bill) to establish a clearer regulatory framework for digital assets. Relevant data shows that the probability of the bill passing within the year has risen from 18% previously to 22%.
According to CoinDesk, Visa is seeking new stablecoin settlement and OTC trading partners to replace BVNK, which was previously acquired by Mastercard. Relevant product request documents indicate that Visa expects partners to hold cryptocurrency exchange licenses in the U.S., Canada, the UK, and Singapore, and to support multiple stablecoin conversion and settlement services, including handling settlement for the Open USD stablecoin project promoted by Stripe, Visa, and Mastercard.
Odaily News According to reports, multiple prediction markets are converging on pricing for the Fed's September meeting outcome: approximately 74% probability of holding rates steady, about 25% probability of a 25 basis point rate hike, and nearly 1% probability of a rate cut. Relevant Polymarket contracts have seen trading volume of $33.9 million; Kalshi, a prediction exchange regulated by the US Commodity Futures Trading Commission (CFTC), shows a 73.5% probability of holding rates steady, with related wagers nearing $10 million. Myriad, a prediction platform operated by Dastan, indicates approximately 71% probability for this option. The Fed's July meeting voted 9 to 3 to hold rates at 3.50% to 3.75%, with 3 committee members supporting a rate hike. The FOMC is scheduled to meet from September 15 to 16, with the statement planned for release on September 16; a survey shows nearly 70% of economists expect rates to remain unchanged for the remainder of 2026. (Decrypt)
According to The Guardian, the core report supporting Australia's teenage social media ban has been identified as containing multiple AI hallucination errors. The report was commissioned by the UK agency Age Check Certification Scheme (ACCS) at a cost of $3.48 million to test age verification technology. The Guardian's analysis revealed at least six errors in academic citations within the report, including links to non-existent papers and DOIs pointing to the wrong articles. ACCS initially denied using AI, then admitted to using ChatGPT to rewrite some paragraphs, but insisted that all citations were manually verified. Relevant Australian government departments have now intervened in the investigation, and experts warn that false citations could lead to incorrect decisions and damage public trust in government agencies.
Odaily Planet Daily Report: Arthur Hayes stated on the X platform that his article "Yen-quake" will introduce how Buffalo Bill Bessent plans to manipulate the dollar-yen exchange rate and restart the money printing press. Arthur Hayes said that over the past decade, the continued weakening of the yen has driven gains in global asset markets, but this situation will eventually come to an end. The yen is the lowest-valued currency globally and is also a point of contention among the United States, China, and Japanese everyday voters. There are three ways to resolve the yen issue, but the U.S. Treasury and Japanese politicians tend to favor only one of them. He will explain the operating mechanisms of each yen appreciation method and why the final option is the preferred approach; he will then discuss how to execute the third option at the political level. He stated that as dollar liquidity rises significantly, Bitcoin and cryptocurrencies will rally. The three options include: 1. The Bank of Japan sharply raises interest rates, causing the dollar-yen interest rate differential to disappear, at least on the short end. 2. The government persuades domestic institutions and public bodies such as GPIF to change their investment mandates, selling overseas assets and buying local assets. 3. Preferred option: The Japanese Ministry of Finance conducts repurchase transactions of its U.S. Treasury holdings with the Federal Reserve in exchange for dollars; it then sells dollars and buys yen in the foreign exchange market. Arthur Hayes said that before getting into the details, speculators should consider why yen appreciation is being discussed now. Over the past few decades, many have claimed that the yen was about to appreciate and trigger a global unwinding of carry trades. Two weeks ago, monetary policy officials from the United States and Japan conducted a joint exchange rate manipulation operation, though they euphemistically called it intervention. U.S. Treasury Secretary Buffalo Bill Bessent indicated a desire to raise the counterparty limit for the FIMA repo facility, enabling Japan's Ministry of Finance to use its massive asset reserves to defend the yen. Japan's Ministry of Finance also stated it is working closely with the United States to push the dollar-yen exchange rate lower. Relevant officials are signaling to the market their support for a shift in global currency relations, so the market must pay attention to this.
Odaily News, according to Bitcoin News monitoring, Chainalysis analysis of the Coldcard exploit involving over $38 million shows that the attacker deliberately targeted the highest-value wallets first, including one holding $1.8 million, indicating that victims had already been profiled before asset transfers began. Approximately $30 million was stolen in the initial 10 minutes, followed by around 500 wallets being drained within 25 minutes. Block's Clay Garrett stated that investigators also confirmed the attacker used a paid account with a well-known blockchain service provider to query victim addresses during the operation. The provider's internal logs match the request timestamps and sequence, but Block stated that no evidence was found suggesting the company knowingly assisted in the theft. Relevant information has been shared with authorities.
Recently, there have been numerous rumors claiming that "Xiaohongshu secretly submitted an IPO application before the end of June," but the application was hindered due to a former employee reporting its "listing compliance" issues. In response, Xiaohongshu stated that all currently circulating IPO-related information is untrue.
According to PYMNTS, the new crypto tax in Illinois, US will take effect on January 1, 2027. Law firm Jones Day stated that any brokers with business exposure in Illinois should initiate registration preparations as soon as possible and review existing record-keeping processes to meet upcoming compliance requirements.
the Australian Securities and Investments Commission (ASIC) has announced an extension of the "no-action" position for digital asset enterprises under the new licensing framework, overall extended to September 30, 2026. During this period, digital asset companies providing financial services can continue to apply for or modify Australian Financial Services (AFS) licenses, and a new operating model is permitted, allowing operations through authorized representatives or intermediary authorization arrangements of AFS licensees. The extension also applies to institutions that need to apply for a market license or a Clearing and Settlement (CS) license. Relevant entities must notify ASIC in writing of their intention to apply and conduct pre-meeting communications. ASIC stated that since the update of INFO 225 guidance in October 2025, it has received approximately 30 license applications from digital asset enterprises.
Odaily Seer Prophecy Channel monitors that Polymarket has launched a new prediction event for "SpaceX Starship First Launch Date from Florida."To date, all integrated test flights of Starship have been conducted at Starbase in Texas. SpaceX is currently building Starship launch and manufacturing facilities in Florida, including a Starship launch tower at Kennedy Space Center's LC-39A, and renovation work at Cape Canaveral's SLC-37. Relevant projects still require regulatory approval, environmental assessments, and infrastructure construction.SpaceX President and COO Gwynne Shotwell stated in a CNBC interview in June 2026 that the company expects Starship Flight 13 to launch in about a month and plans to gradually achieve a monthly Starship launch cadence. She also mentioned that future missions could include Starship's first-ever launch from Florida.Odaily Seer Prophecy Channel continues to follow the prediction market—seeing changes before pricing.
U.S. Treasury Secretary Bessent stated at a Senate Finance Committee hearing that the Treasury Department is advancing President Trump's executive order to establish a strategic Bitcoin reserve with "deliberate speed," emphasizing the adoption of "best practices" to ensure the long-term sustainability of the mechanism. Bessent noted that the strategic Bitcoin reserve is a new frontier and its implementation is relatively complex, so the government is carefully developing the custody and management framework. Currently, the U.S. government holds approximately 328,400 Bitcoins, valued at around $20.6 billion, primarily obtained from criminal and civil asset forfeitures.Additionally, Bessent called on Congress to advance the digital asset market structure bill, the CLARITY Act, which he believes is crucial for maintaining the U.S.'s leading position in digital asset innovation. The bill aims to clarify the regulatory framework for digital assets and define when crypto tokens fall under securities or commodity regulations. Relevant legislation has now entered the Senate review process. (Decrypt)
the leadership of the U.S. House Agriculture Committee has urged President Trump to fill four vacant seats at the Commodity Futures Trading Commission (CFTC) as soon as possible.Relevant lawmakers warned that if the CLARITY Act is passed, granting the CFTC greater regulatory responsibilities over cryptocurrencies, the current institutional setup is not yet prepared. (Cointelegraph)
a regulatory review delay by the U.S. SEC has prevented the first batch of ETF products linked to prediction markets from launching as scheduled, postponing their listing timeline. Multiple institutions, including Roundhill Investments, GraniteShares, and Bitwise Asset Management, submitted applications for over 20 prediction market-related ETFs in February this year. These event-driven products cover topics such as election outcomes, economic recessions, tech layoffs, and commodity prices.Under SEC rules, ETFs typically automatically become effective within 75 days of filing, unless the regulator requests further review. These products were originally expected to launch this week, but their listing has been delayed as the SEC has requested issuers to provide additional details on product mechanisms and disclosures. Relevant sources indicate this delay may be a short-term adjustment. These ETFs typically track "yes/no" event probabilities—such as election results or economic indicators—through derivative instruments and are linked to CFTC-regulated prediction market platforms like Kalshi. Each contract pays $1 if the event occurs, or zero otherwise.While prediction market trading has recently grown rapidly due to increased activity surrounding political events and geopolitical conflicts, it has also raised regulatory concerns regarding insider trading and market manipulation. Bitwise's Chief Investment Officer noted that innovative financial products often require a longer regulatory cycle but may ultimately succeed, emphasizing that prediction market ETFs could become a new channel for retail investors to access event-based trading. (Reuters)
Odaily News The Russian State Duma, the lower house of parliament, passed the first reading of the draft bill No. 1194918-8, titled "On Digital Currency and Digital Rights," on Tuesday. The bill aims to establish the core legal framework for digital currencies in Russia, directing cryptocurrency transactions to licensed intermediaries regulated by the Bank of Russia. According to the bill, Russian residents could purchase cryptocurrencies through approved intermediaries as early as July, while unlicensed platforms will be banned by July 2027.The bill introduces restrictions for retail investors, stipulating that only digital currencies with high liquidity are permitted for purchase. Relevant assets must meet criteria such as an average market capitalization exceeding 5 trillion rubles (approximately $66.66 billion) over the past two years, a daily average trading volume exceeding 1 trillion rubles (approximately $13.33 billion), and a trading history of at least five years. Retail investors are required to pass a test and have an annual purchase limit of 300,000 rubles (approximately $4,000) per single intermediary. Furthermore, the bill allows residents to purchase cryptocurrencies through foreign accounts but mandates reporting to tax authorities, while explicitly prohibiting the use of cryptocurrencies for payments.
Odaily News The UK Financial Conduct Authority (FCA) has released the final draft of its crypto asset framework. The new rules are scheduled to bring most crypto activities under the regulatory scope of the Financial Services and Markets Act by October 25, 2027. According to the proposal, any institution holding customer crypto assets for more than 24 hours or possessing the ability to revoke customer permissions will be considered a regulated custodian and must hold a full safeguarding license. Validators and node operators offering value-added functions such as staking rewards or reward reinvestment will lose their technical exemption. Furthermore, stablecoin issuers operating within the UK must control the entire lifecycle from issuance to redemption. Relevant institutions are required to submit authorization applications between September 30, 2026, and February 28, 2027.