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Project Overview
Stack is a safe and simple way for teens and parents to access digital assets and learn about Web 3.0. It allows users to take advantage of the tax and control benefits of a UTMA (Uniform Transfers to Minors Act) account, while providing teens with a secure trading environment designed specifically for them. Upon reaching the age of majority, the assets are transferred into the teen's name.
Bank of England Launches Phase 2 of Digital Pound Lab, Testing Interoperability Between Stablecoins and Central Bank Digital Currency for Cross-Border Payments
According to CoinDesk, the Bank of England (BOE) announced that its digital pound project has officially entered the second phase, focusing on testing whether public stablecoins and Central Bank Digital Currencies (CBDC) can interoperate within a single payment stream to promote the modernization of cross-border trade finance. This experiment focuses on SME trade finance scenarios: exporters receive advance financing through stablecoin technology, while UK importers complete final settlement using the digital pound. Participants include UK fintech company NOBO Finance, global business data analytics firm Dun & Bradstreet, and blockchain company Polygon Labs. The three parties will integrate wallet transaction data, open finance information, and business intelligence to build reusable credit assessment profiles for SMEs. Polygon will provide stablecoin settlement infrastructure through its Open Money Stack, encompassing fiat currency exchange, wallet, and smart contract functionalities. The BOE emphasized that the laboratory does not involve real customers or funds, does not represent a decision to officially issue the digital pound, and the experimental results will serve as a reference for the joint assessment of the digital pound by the Bank of England and the Treasury later this year.
Decentralized AI Protocol Prime Intellect Completes $130 Million Series A Funding Round, Led by Radical Ventures
According to official news, Prime Intellect announced the completion of a $130 million Series A financing round, led by Radical Ventures with participation from NVIDIA, Intel Capital, Dell Capital, and existing investors. The company stated that it will utilize the funds to continue building its "Open Superintelligence Stack" to support users in training, deploying, and continuously optimizing their own models.
Circle Q1 Revenue Reaches $694 Million, USDC On-Chain Transaction Volume Up 263% Year-over-Year
Circle has released its financial results for the first quarter of fiscal year 2026. The data shows that as of the end of the first quarter, the circulating supply of USDC reached $77 billion, a year-over-year increase of 28%; on-chain transaction volume for USDC in the first quarter reached $21.5 trillion, up 263% year-over-year.The financial report indicates that Circle's total revenue and reserve income for the first quarter was $694 million, a 20% increase year-over-year; adjusted EBITDA was $151 million, up 24% year-over-year; net profit was $55 million, a 15% decrease year-over-year.Additionally, Circle disclosed that its ARC Token pre-sale raised $222 million, with a fully diluted valuation of $3 billion. Participants included institutions such as a16z crypto, BlackRock, and ARK Invest. The company also announced the launch of the "Agent Stack" infrastructure for AI agent scenarios, including products like Agent Wallets and Agent Marketplace, designed to support AI agent payments and commercial activities based on USDC.
Ethereum Layer 2 infrastructure Optimism partners with Dunamu, Toss, and DB Securities to expand into the Korean market
Ethereum Layer 2 infrastructure Optimism has officially announced a tripartite strategic collaboration, joining forces with Upbit operator Dunamu, fintech platform Toss, and DB Securities to comprehensively expand into the Korean market. On the cooperation front with Dunamu, both parties will upgrade the GIWA public chain based on the OP Stack and promote its global development. A three-month technical verification will be conducted with Toss to build a compliant Korean won digital financial infrastructure. Optimism and DB Securities are focusing on the STO and RWA sectors, planning to transform Jeju Island's smart agriculture, livestock assets, and Korean intellectual property into tokenized securities and real-world asset products. This will facilitate the phased on-chain commercialization of local physical assets, with the entire cooperation framework tailored to align with Korea's financial regulatory framework.
Korean fintech company Toss partners with Optimism to explore a Korean won stablecoin, will test OP Stack infrastructure
Odaily Planet Daily reported that Korean fintech company Toss has announced a partnership with Optimism and Sunnyside Labs to jointly explore a Korean won-pegged stablecoin.In the coming months, the three parties will conduct a Proof of Concept (PoC) test to evaluate the feasibility of building compliant blockchain-based digital financial infrastructure on OP Stack, providing technical verification for applications related to a Korean won stablecoin. (The Block)
Benchmark: Coinbase Is Transforming from a Crypto Broker to a "Full-Stack Exchange," Maintaining a $270 Price Target
Benchmark has maintained a "Buy" rating for Coinbase with a $270 price target, implying approximately 59.5% upside from its Tuesday closing price of $169.27. The firm noted that Coinbase's latest "System Update" indicates it is accelerating its transformation from a crypto trading platform into an "everything exchange" that bridges traditional finance and the on-chain economy.Analyst Mark Palmer stated that this product update covers tokenized stocks, stock and crypto options, pre-IPO perpetual contracts, prediction markets, AI-driven investment tools, agent payment infrastructure, and retail financial products, signaling the continuous expansion of its business boundaries.Key progress highlighted by Benchmark also includes: the U.S. CFTC's approval for it to operate as a regulated Futures Commission Merchant (FCM), global derivatives capabilities obtained through the acquisition of Deribit, and integrating crypto perpetuals and options into a compliant framework, thereby achieving cross-market liquidity consolidation.Furthermore, the company's strategic moves in the Base ecosystem, prediction markets, and AI agent payments are also seen as key signals of its evolution from "spot crypto trading" to a comprehensive on-chain financial infrastructure. (The Block)
Gemini Receives CFTC Derivatives Clearing Organization License, Accelerating Development of Full-Stack Compliant Derivatives Platform
According to The Block, Gemini’s Olympus division has officially received a Derivatives Clearing Organization (DCO) license from the U.S. Commodity Futures Trading Commission (CFTC), enabling it to serve as an internal clearing house for settlement, risk management, and collateral management—eliminating reliance on third-party clearing and potentially reducing operational costs. Combined with its previously obtained Designated Contract Market (DCM) license, Gemini now possesses full-stack, compliant capabilities across futures, options, perpetual contracts, and prediction markets. Gemini is currently pursuing a Futures Commission Merchant (FCM) license to complete its full suite of CFTC authorizations, positioning itself for direct competition with Kraken and Coinbase.
Nigel Farage Faces Compliance Investigation for Failing to Disclose $6.7 Million Grant from Tether Shareholder
According to CoinDesk, Nigel Farage, leader of the UK’s Reform UK party, is facing a parliamentary standards inquiry after receiving an undisclosed £5 million (approximately $6.7 million) grant from cryptocurrency billionaire Christopher Harborne—prior to his election as a Member of Parliament in 2024. Harborne resides in Thailand and holds a 12% stake in stablecoin issuer Tether. Farage stated that the grant was intended to ensure his personal security—not for political activities. However, both the Conservative and Labour parties have accused him of violating House of Commons rules requiring MPs to register any income received within the 12 months preceding their election, and have referred the matter to the Parliamentary Commissioner for Standards. Reform UK countered that the payment constitutes a “personal unconditional gift,” exempt from disclosure requirements and unrelated to the election. The UK government announced in March this year that it would suspend political parties’ acceptance of cryptocurrency donations to guard against foreign interference. Previously, Christopher Harborne donated £9 million to Reform UK—the largest single political donation ever made by a living individual in the UK. This year, Ben Delo, co-founder of BitMEX, also donated £4 million to the party. Additionally, Farage himself holds a 6.31% stake in Stack BTC, a Bitcoin treasury company.
UK Liberal Democrats Call on FCA to Investigate Nigel Farage’s Conflict of Interest Involving Stack BTC
According to Cointelegraph, the UK’s Liberal Democrats have written to the Financial Conduct Authority (FCA) requesting an investigation into Nigel Farage—the leader of Reform UK—and his ties to the bitcoin company Stack BTC. The party questions whether Farage’s appearance in the company’s promotional video, while holding shares in Stack BTC, violates market rules and constitutes a conflict of interest. Stack BTC recently disclosed that it purchased 37 bitcoins—valued at approximately $2.7 million—as corporate reserves; Farage holds a 6.31% stake in Stack BTC through his media company. This incident comes as the UK government advances a proposal to ban cryptocurrency political donations, aiming to prevent external funding from interfering with elections. The FCA stated it will review the letter and respond accordingly.
DYORSWAP Responds to Fake GIWA Incident: Approximately 766 ETH Transferred Out, Over 200 ETH Already Compensated
DYORSWAP has released an "Official Statement Regarding the Fake GIWA Mainnet 9134 Incident," stating that the incident was not a DYOR contract vulnerability, but rather was caused by a fraudulent network impersonating GIWA Chain 9134. This network had a bridge and batcher similar to OP Stack, deployed on September 27, 2026, at 02:10:59 (UTC+8). Approximately 8.5 hours before deployment, the address received about 0.045 ETH from a ChangeHero-related address. Data shows that a total of 1,335 addresses bridged approximately 767.65 ETH to it, of which about 766.25 ETH was ultimately transferred out from the cross-chain bridge.DYORSWAP stated that it has already used its own funds to compensate affected users with over 200 ETH. Additionally, the team is still tracking the cross-chain bridge deployer, the source of funds, early test wallets, and the subsequent flow of the transferred funds.
AaveLabs: Updates Bug Bounty Program, Core Aave V3 Maximum Reward Raised to $5 Million
that, according to official sources, AaveLabs has proposed restructuring the Aave DAO bug bounty framework into multiple specific subsystem programs, operating on the Immunefi, Sherlock, and Cantina platforms respectively. Core Aave V3, Core Aave V2, GHO, and non-liquidity protocol infrastructure will be covered by Immunefi; Aave V4 and the Aave App Stack will be covered by Sherlock; and Aave V3 on Aptos will be covered by Cantina.The proposal suggests adjusting the bounty scale for each system. The maximum reward for critical vulnerabilities in Core Aave V3 is $5 million, while the maximum reward for critical vulnerabilities in Aave V4 is $2.5 million. Additionally, the funding source for the Aave V3 bug bounty on Aptos will be transferred from Aave Labs to the Aave DAO. This ARFC proposal has currently been passed.
DYORSWAP Responds to Fake GIWA Incident: Approximately 766 ETH Transferred Out, Over 200 ETH Already Compensated
DYORSWAP has released an "Official Statement Regarding the Fake GIWA Mainnet 9134 Incident," stating that the incident was not a DYOR contract vulnerability, but rather was caused by a fraudulent network impersonating GIWA Chain 9134. This network had a bridge and batcher similar to OP Stack, deployed on September 27, 2026, at 02:10:59 (UTC+8). Approximately 8.5 hours before deployment, the address received about 0.045 ETH from a ChangeHero-related address. Data shows that a total of 1,335 addresses bridged approximately 767.65 ETH to it, of which about 766.25 ETH was ultimately transferred out from the cross-chain bridge.DYORSWAP stated that it has already used its own funds to compensate affected users with over 200 ETH. Additionally, the team is still tracking the cross-chain bridge deployer, the source of funds, early test wallets, and the subsequent flow of the transferred funds.
GIWA: Mainnet Not Yet Live, Any Rumored Mainnet RPC Information Is False
Odaily News: GIWA posted on X to remind the community that the mainnet has not yet launched, so there is no possibility of a so-called "RPC leak" connecting to GIWA mainnet network interfaces/node addresses. GIWA emphasized that any content claiming to have GIWA mainnet RPC information is untrue, and reminded users to verify relevant contract information before interacting with contracts, and to beware of FUD and scams.GIWA is an Ethereum Layer 2 launched by South Korean cryptocurrency exchange Upbit, built on OP Stack. The chain is currently live on testnet, with the mainnet to follow.
Upbit L2 Project GIWA Official Clarification: Mainnet Has Not Launched Yet, No Risk of RPC Leakage
The official GIWA account (@GIWA_by_Upbit) issued a clarification stating that the project's mainnet has not yet launched and no RPC has ever been deployed, meaning there is no risk of any RPC leak. Users were reminded to conduct their own research (DYOR) and remain vigilant against FUD and fraudulent information. GIWA is an Ethereum L2 project developed by Upbit’s parent company, Dunamu, based on the OP Stack. Aiming for 1-second block times and EVM compatibility, the project is currently still in the testnet phase.
From one person to one system: X-Agent redefines the business model for OPCs
Odaily News, X-Agent recently published a technical article titled "An OPC Is a Stack, Not a Headcount Story," arguing that as AI significantly reduces R&D and operational costs, the competitiveness of a One Person Company (OPC) should no longer be measured by how much work a single person can complete.The article points out that an OPC with true commercial capability needs to establish a complete closed loop spanning demand discovery, AI production, capability infrastructure, distribution, economic systems, and market feedback.And this is precisely the problem X-Agent aims to solve.At the capability layer, X-Agent leverages MCP to help individual developers productize their capabilities, transforming a project into a service that can be discovered, invoked, and verified by Agents. At the commercial layer, X-Agent further connects Agent distribution and payment infrastructure, enabling services to enter real Agent workflows, with usage-based billing, budget management, payment, and settlement.Meanwhile, the X-Agent MCP Hackathon is also driving this model into practice: developers do not need to start by building an "MCP server" from scratch. Instead, they first prove that a real capability can solve a practical problem, then convert it into a production-grade Agent service through standardization, deployment verification, and security checks.Therefore, what X-Agent is building is not just a development tool, but a framework that helps OPCs complete:Demand discovery → Capability building → MCP productization → Agent distribution → Commercial settlement → Market feedbackUltimately forming a self-reinforcing AI business closed loop.The OPC of the future is not one person taking on all the work, but one person using AI and Agents to organize a complete set of company-level capabilities.
FlashTrade Shuts Down, Founder Seeks to Sell Tech Stack to Compensate FAF Holders
Odaily News: Anas posted on platform X, stating that the Solana perpetual contract protocol FlashTrade will be shutting down the project and seeks to sell its existing tech stack to compensate FAF holders. Anas cited severe internal team disagreements, a shrinking market, and a prolonged lack of profitability as reasons for the closure, adding that what hurt him most personally was the Solana Foundation's indifference toward the team. He claimed that the Solana Foundation only fully supports one team because it believes this contributes to Solana's success, while emphasizing that he is not blaming the foundation for the project's failure and acknowledged being overly emotional about the matter. Solana co-founder Anatoly Yakovenko subsequently responded, stating that the foundation cannot determine whether a product succeeds, as its primary role is to assist with go-to-market efforts and expand exposure at product launch, and that ultimately, whether attention translates into users depends on the product itself.
Korea Launches AIDC Alliance, Plans to Build 18.4GW AI Data Center Infrastructure
Odaily News The Ministry of Science and ICT and other relevant government agencies, together with industry players, established the AIDC Alliance on July 29, with plans to cultivate Korea's AI data center ecosystem as a national strategic industry. The initiative includes building 18.4GW of AIDC infrastructure, cross-ministerial financial support, and the formation of a working group to promote packaged exports for global industrialization. Morgan Stanley recently defined AI infrastructure as a system comprising seven value chain segments: semiconductor processes, NPUs, CXL and memory server components, server integration, networking, internal power and liquid cooling, and external power and grid infrastructure. The Korean proposal suggests placing government-funded research institutions at the center of AIDC full-stack technology development and comprehensive pilot projects, with organizations such as KIST, ETRI, KISTI, KIMM, KERI, and KIER covering areas including semiconductors, AI chips, supercomputing, liquid cooling, power grids, and distributed power generation. The proposal also recommends designating the "K-AIDC Full-Stack Integrated Pilot Project" as the first national strategic research task following the abolition of the PBS system, aiming to develop a liquid-cooled, NPU-integrated, grid-connected modular AIDC reference system with over 50% domestic NPU adoption within three years, while establishing a nationally certified pilot center.
Related news
DYORSWAP Responds to Fake GIWA Incident: Approximately 766 ETH Transferred Out, Over 200 ETH Already Compensated
DYORSWAP has released an "Official Statement Regarding the Fake GIWA Mainnet 9134 Incident," stating that the incident was not a DYOR contract vulnerability, but rather was caused by a fraudulent network impersonating GIWA Chain 9134. This network had a bridge and batcher similar to OP Stack, deployed on September 27, 2026, at 02:10:59 (UTC+8). Approximately 8.5 hours before deployment, the address received about 0.045 ETH from a ChangeHero-related address. Data shows that a total of 1,335 addresses bridged approximately 767.65 ETH to it, of which about 766.25 ETH was ultimately transferred out from the cross-chain bridge.DYORSWAP stated that it has already used its own funds to compensate affected users with over 200 ETH. Additionally, the team is still tracking the cross-chain bridge deployer, the source of funds, early test wallets, and the subsequent flow of the transferred funds.
GIWA: Mainnet Not Yet Live, Any Rumored Mainnet RPC Information Is False
Odaily News: GIWA posted on X to remind the community that the mainnet has not yet launched, so there is no possibility of a so-called "RPC leak" connecting to GIWA mainnet network interfaces/node addresses. GIWA emphasized that any content claiming to have GIWA mainnet RPC information is untrue, and reminded users to verify relevant contract information before interacting with contracts, and to beware of FUD and scams.GIWA is an Ethereum Layer 2 launched by South Korean cryptocurrency exchange Upbit, built on OP Stack. The chain is currently live on testnet, with the mainnet to follow.
Upbit L2 Project GIWA Official Clarification: Mainnet Has Not Launched Yet, No Risk of RPC Leakage
The official GIWA account (@GIWA_by_Upbit) issued a clarification stating that the project's mainnet has not yet launched and no RPC has ever been deployed, meaning there is no risk of any RPC leak. Users were reminded to conduct their own research (DYOR) and remain vigilant against FUD and fraudulent information. GIWA is an Ethereum L2 project developed by Upbit’s parent company, Dunamu, based on the OP Stack. Aiming for 1-second block times and EVM compatibility, the project is currently still in the testnet phase.
Samsung SDS Partners with OpenAI and Anthropic for Comprehensive AI Transformation
According to Yonhap News Agency, Samsung SDS hosted the enterprise AX conference "Real Summit 2026" at Seoul's COEX convention center on September 8, officially announcing its "Multi-Dimensional AI Full-Stack" strategy. The company became the first Korean firm to join OpenAI's "Daybreak" security collaboration initiative, while signing a strategic partnership agreement with Anthropic to jointly expand AX business. Additionally, Samsung SDS announced its entry into the robotics transformation (RX) sector, with plans to launch a "Robot Orchestration Platform" in 2027, and will partner with 10 global physical AI companies, including Rainbow Robotics and Walden Robotics, to establish the "Team REX" ecosystem alliance.
From one person to one system: X-Agent redefines the business model for OPCs
Odaily News, X-Agent recently published a technical article titled "An OPC Is a Stack, Not a Headcount Story," arguing that as AI significantly reduces R&D and operational costs, the competitiveness of a One Person Company (OPC) should no longer be measured by how much work a single person can complete.The article points out that an OPC with true commercial capability needs to establish a complete closed loop spanning demand discovery, AI production, capability infrastructure, distribution, economic systems, and market feedback.And this is precisely the problem X-Agent aims to solve.At the capability layer, X-Agent leverages MCP to help individual developers productize their capabilities, transforming a project into a service that can be discovered, invoked, and verified by Agents. At the commercial layer, X-Agent further connects Agent distribution and payment infrastructure, enabling services to enter real Agent workflows, with usage-based billing, budget management, payment, and settlement.Meanwhile, the X-Agent MCP Hackathon is also driving this model into practice: developers do not need to start by building an "MCP server" from scratch. Instead, they first prove that a real capability can solve a practical problem, then convert it into a production-grade Agent service through standardization, deployment verification, and security checks.Therefore, what X-Agent is building is not just a development tool, but a framework that helps OPCs complete:Demand discovery → Capability building → MCP productization → Agent distribution → Commercial settlement → Market feedbackUltimately forming a self-reinforcing AI business closed loop.The OPC of the future is not one person taking on all the work, but one person using AI and Agents to organize a complete set of company-level capabilities.
Michael Saylor proposes a digital asset spectrum framework: BTC as digital capital, STRC representing digital credit
Odaily News, Strategy founder Michael Saylor has proposed the concept of the "Digital Assets Monetary Spectrum," categorizing different types of digital assets based on volatility, return potential, and transactional functionality.Saylor stated that the digital asset system can be divided into four tiers:Bitcoin (BTC): Digital CapitalSTRC: Digital CreditSR-strcUSX: Digital MoneyUSDT: Digital CurrencyHe believes that, moving from left to right, asset volatility and return potential gradually decline, while stability and transactional utility continue to increase.Saylor noted that Bitcoin is the "ultimate store-of-value asset," possessing high volatility, high potential returns, and digital asset characteristics that require no third-party credit endorsement. Stablecoins, on the other hand, serve as the "ultimate medium of exchange," emphasizing stability and payment functionality.Between the two, digital credit and digital money serve as the bridge connecting capital and currency. Among these, Saylor defines STRC as "digital credit," characterized by relative stability, high fixed returns, and certain store-of-value attributes.He further explained that digital money combines the technological aspects of digital currency with the economic attributes of digital capital, offering stability, yield capability, transactional convenience, and store-of-value functionality.Saylor stated that digital capital qualifies as a bearer asset, while assets such as digital credit, digital money, and digital cash are created and managed by digital finance companies, with their ownership layer corresponding to "Digital Equity." Together, these components constitute the future "Digital Finance Stack."