News linked to both this project and an event.
Odaily News: The Independent Community Bankers of America (ICBA) filed a lawsuit on Friday against the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to crypto firms and asking the court to vacate the final rule dated March 2, 2026, and Interpretive Letter No. 1176.ICBA President and CEO Rebeca Romero Rainey said the charters give crypto firms the credibility of a federal bank charter without requiring compliance with federal deposit insurance, capital and liquidity standards, and the Community Reinvestment Act. The ICBA also seeks to revoke Protego Holdings' conditional charter, citing deficiencies in its governance and risk controls.The lawsuit involves digital asset firms that have applied for or obtained OCC charters, including Circle, Ripple, Paxos, Fidelity, BitGo, Kraken parent company Payward, Block, and World Liberty Financial. Senator Elizabeth Warren separately accused the approvals of being unlawful, drawing pushback from the industry; the OCC plans to complete stablecoin rules under the GENIUS Act by November. (Decrypt)
According to a report in Caijing magazine, Zhang Ming, Deputy Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, and other experts have advocated exploring the tokenization of dim sum bonds in Hong Kong as a priority asset direction worthy of development in the era of HKD stablecoins. Dim sum bonds combine the internationalization of the RMB, Hong Kong’s regulatory advantages, national asset allocation requirements, and the attributes of an offshore RMB and standardized financial instrument, alongside internationalized issuers and standard fixed-income asset features. Aligning with the global RWA (Real-World Assets) tokenization trend, they represent a crucial breakthrough avenue for Hong Kong’s digital finance sector and are well-suited to serve as premium underlying assets for an HKD stablecoin ecosystem. Whether a stablecoin ecosystem can generate long-term demand hinges not on “who issues,” but on “which assets can be purchased, settled, and allocated.”
Arthur Hayes stated that U.S. policymakers may support the AI industry and government debt financing through money printing, driving cryptocurrency prices higher; if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets. He is also monitoring financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads.Catrina Wang, General Partner at Portal Ventures, said that banks and asset management companies have advantages in on-chain financial markets thanks to their existing client relationships. Todd McDonald, co-founder of R3, pointed out that public blockchains can help institutions reach clients beyond their own networks; Justin Kugel, Executive Vice President of Growth at World Liberty Financial, said that user demand for asset management and investment evaluation still leaves room for intermediaries.Chetan Karkhanis, Senior Vice President of Digital Asset Client Relationships at Franklin Templeton, said the company has no intention of issuing its own stablecoin and hopes tokenized money market funds will provide investment returns. Haonan Li, co-founder and CEO of Codex, said that trade routes connecting Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments; buyers pay eastward for goods, while manufactured products flow westward.Ilya Podoynitsyn, co-founder and CEO of FinHarbor, said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect daily operations. Michael Camarda, Chief Development Officer of Ethereum treasury company SharpLink, said that both buying back shares and increasing ETH holdings can raise ETH per share; the company has adopted both methods to meet the preferences of institutional and retail investors. (Cointelegraph)
Odaily News: Circle Foundation, the philanthropic arm of Circle Internet Group, has announced the launch of two grant programs in partnership with the United Nations Development Programme (UNDP) and the World Food Programme (WFP) to explore the use of regulated stablecoins and digital financial infrastructure for international development and humanitarian aid payments.Circle Foundation will fund UNDP in establishing a Digital Asset Innovation Pool to support its country offices in scaling regulated stablecoin payments from local pilots to full project delivery. The mechanism is designed to complement traditional banking systems.Another grant awarded to World Food Program USA will support WFP in building governance, risk, compliance, and fund reconciliation frameworks for digital asset distribution. WFP plans to test stablecoin payment channels in 2 to 3 countries over the next three years and conduct independent research to establish benchmarks for speed, efficiency, and cost. (Bitcoin.com News)
英伟达宣布追加 1500 亿美元股票回购授权，AMD 完成对 World Labs 的 82 亿美元收购。国内方面，国常会要求加大宏观政策逆周期调节力度，统计局公布 1 至 8 月规上工业企业利润增长 15.7%。
Circle Foundation announced its support for the United Nations Development Programme (UNDP) and the World Food Programme (WFP) to advance digital payment infrastructure, exploring how to enhance the efficiency, transparency, and financial accessibility of funding disbursement for development projects and humanitarian aid through regulated stablecoins. Specifically, Circle Foundation will fund UNDP’s establishment and operation of the Digital Asset Innovation Pool, facilitating the deployment of regulated payment stablecoins from pilot projects into standard programs. Previously, UNDP has tested solutions such as digital cash payments, fund disbursement in low-connectivity environments, and mobile wallets in locations including Aleppo, Syria; Haiti; Guatemala; and Gambia. Circle Foundation will also provide an additional grant to World Food Program USA to support WFP in building the governance, risk management, fund management, reconciliation, and compliance systems required for stablecoin payments, alongside integration into local fintech and mobile payment networks. Over the next three years, WFP plans to pilot stablecoin payments across payment channels in two to three countries to evaluate their costs, speed, transparency, and operational feasibility.
The Jiangsu Securities Regulatory Bureau issued a risk warning stating that recently, some institutions and individuals have been hyping the concept of Real-World Asset tokenization (RWA), attracting public investment with claims such as "backed by real assets," "principal guaranteed with high returns," and "low risk with stable appreciation." Such behavior may involve illegal criminal activities including illegal fundraising, fraud, and money laundering. Regulatory authorities emphasize that conducting financing activities under the name of RWA within mainland China constitutes illegal financial activity. Investors should enhance their risk awareness, stay away from related illegal financial temptations, and promptly report any suspicious clues to the competent authorities or file a report with the public security organs upon discovery.
Odaily News: U.S. Senate Banking Committee ranking Democrat Elizabeth Warren will deliver a speech on the Senate floor Monday evening, attacking the ethics provisions in the latest revised text of the CLARITY Act. Warren will call the provision a "weak fig leaf," arguing that it still contains major loopholes and fails to effectively restrict U.S. President Trump from profiting through crypto ventures such as World Liberty Financial.Previously, Senate Republicans unveiled the latest revised text of the CLARITY Act on Sunday evening, adding new ethics rules that include allowing state attorneys general to enforce the relevant provisions and prohibiting the president and other senior government officials from issuing digital assets. The Senate is expected to hold a key procedural vote Tuesday afternoon to advance the bill, which requires at least 60 votes in favor to move forward. (CNBC)
Trump agreed to include an ethics provision in the Clarity Act that bans senior officials from issuing cryptocurrencies, while also allowing him to continue profiting from World Liberty Financial, breaking the legislative deadlock.
According to Chaoxiang Research, JPMorgan’s September 6, 2026 research report highlights four reasons supporting a bullish stance on US equities despite heightened volatility in interest rates, exchange rates, and oil prices: strong growth (GDP and EPS forecasts continue to be raised), interest rates are not too high (rising yields reflect economic expansion rather than monetary tightening), the US favors a weak dollar policy, and hedge fund positioning remains neutral to light. August nonfarm payrolls added 162,000 jobs, far exceeding expectations; however, whether to hike rates in September hinges on the September 11 CPI data, with JPMorgan projecting core CPI to rise 0.21% month-over-month. The MSCI World Index has gained 12% year-to-date, while the 10-year US Treasury yield has climbed by only 60 basis points, and earnings growth is currently absorbing valuations.
Odaily Odaily News: After Hyperliquid opened third-party permissionless deployment of the HIP-4 prediction market layer on August 29, platform trading volume grew rapidly. In the first 28 days of August, HIP-4 had an average daily trading volume of approximately $545,000. After the permissionless deployment, daily trading volume rose to $1.97 million on August 31, with trading volume over the past 24 hours reaching $2.75 million. The number of active traders increased from 1,256 to 1,841. Prediction market project Outcome currently accounts for nearly 85% of HIP-4's trading volume, and its $1 million trading incentive program has further driven liquidity growth. Hyperliquid's unified account system allows prediction markets to share the same account environment as perpetual contracts and HIP-3 assets, enabling users to hedge perpetual positions using prediction market contracts. Sports prediction markets could become the primary growth space for HIP-4. Previously, during the World Cup, HIP-4-related markets accumulated a total trading volume of $189.5 million, accounting for approximately 3% of global World Cup prediction market trading volume. The main constraint HIP-4 currently faces is regulatory access, rather than on-chain deployment. The U.S. market falls under regulatory frameworks such as the CFTC and SEC, and sports-related prediction markets in particular may trigger gambling-related regulatory scrutiny.
Odaily News - U.S. President Donald Trump and his family have caused investors at least $4.7 billion in losses through digital asset projects since 2022. Consumer rights advocacy nonprofit Public Citizen stated that the related projects include the World Liberty Financial governance token, NFT trading cards, Official Trump (TRUMP), and Trump Media's digital asset reserve.Among these, TRUMP investors lost approximately $3.2 billion, while USD1 stablecoin investors did not suffer significant losses. Public Citizen noted that the losses from TRUMP primarily reflect a transfer of wealth to a small number of early buyers, rather than funds disappearing outright. Donald Trump also earned $7.2 million from NFT licensing fees and royalties, as well as over $600 million from World Liberty token sales and equity sales.Public Citizen also called for adding ethical standards to the Digital Asset Market Clarity Act (CLARITY Act), requiring the U.S. President and his family to withdraw from related industry projects. Trump met with crypto company executives last week and called for passing a "fair version" of the bill. The Senate is scheduled to vote on a procedural motion on September 15, and advancing the bill requires support from at least 60 senators. (Cointelegraph)
According to Bloomberg, the Trump family-backed cryptocurrency project World Liberty Financial has received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, with plans to establish World Liberty Trust Company. Upon final approval, the institution will be able to directly issue and redeem the stablecoin USD1, manage its reserve assets, and provide digital asset custody services.
Odaily News: CZ responded to discussions about the "Memestock" model on the X platform, stating that the combination of Memecoin and tokenized stocks is an "innovative and interesting" development, but the key lies in whether issuers have the ability to honor their commitments.It is reported that some community users have shared their views on the "Memestock" trend, which combines Memecoin with tokenized stocks, allowing Memecoin holders to receive tokenized stock returns without any additional actions. This model introduces new utility value to Memecoins that previously lacked practical use cases, and the related innovations are currently concentrated mainly in the BNB Chain ecosystem.In response, CZ said: "This is indeed a new and interesting direction. But we need to ensure that issuers can truly fulfill their obligations."Some community users believe that the combination of Memecoin and Real World Asset (RWA) tokenization is exploring a shift from purely community-driven assets to digital assets with yield or equity attributes. However, tokenized stocks involve issues such as underlying asset custody, compliant issuance, and income distribution. The credibility of issuers and the regulatory framework will be key factors determining whether this model can achieve long-term development.
Odaily News, Robinhood CEO Vlad Tenev posted on X platform stating that the world is in the early stages of a "tokenization supercycle." The significance of tokenization is not simply moving stocks onto the blockchain, but rather rebuilding the infrastructure for asset ownership, enabling assets to flow as freely as information on the internet.Tenev stated that within just over a month of its launch, Robinhood Chain has completed 100 million transactions. Its Stock Tokens have provided users in over 120 countries with economic exposure to more than 190 U.S. stocks, backed 1:1 by the underlying shares, but are not yet available to U.S. users. He believes that as the regulatory framework gradually matures, we expect token design to continue evolving, including the emergence of tokenized equity that carries the full rights of traditional stocks in the future.At the end of his post, he urged the U.S. regulatory framework to accelerate its adaptation to the tokenized market and stated that listed stocks are just the starting point. Assets with more restricted liquidity and access, such as equity in private companies, could become an important direction in the next phase.
The U.S. Office of the Comptroller of the Currency conditionally approved World Liberty Financial's trust license application. Ten Democratic senators signed a bill to prevent corruption in bank applications.
The Office of the Comptroller of the Currency (OCC) has conditionally approved World Liberty Financial's application for a national trust bank charter, subject to regulatory and policy requirements. Upon approval, the company may operate under the name World Liberty Trust Company, National Association. World Liberty Financial's application documents show that the bank plans to issue USD-backed stablecoins and custody digital assets related to its USD1 token. U.S. President Donald Trump and his three sons are all affiliated with the company, with Trump family entities holding a 38% stake. Senator Elizabeth Warren, along with nine other senators, introduced the Terminating Presidential Banking Corruption Act following the approval. Elizabeth Warren stated that the OCC's move represents one of the most blatant conflicts of interest in the U.S. financial system. In January 2025, an Abu Dhabi investment company backed by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan purchased a 49% stake in World Liberty for $500 million. Another UAE entity, MGX, previously used USD1 to invest $2 billion in Binance. (Cointelegraph)
Odaily News The Office of the Comptroller of the Currency (OCC) on Friday granted initial conditional approval to World Liberty Trust Company, National Association, bringing Trump-backed World Liberty Financial one step closer to obtaining a national trust bank charter.In its letter, the OCC stated that World Liberty's charter application met certain regulatory and policy requirements, leading to the initial conditional approval. However, this does not constitute final approval, and the OCC may still rescind the approval.Earlier this year, World Liberty Financial established a new trust company with the aim of applying for a bank charter from the OCC. The company has previously stated that the charter would support its provision of services including stablecoin issuance and redemption, fiat on/off ramps, custody, and exchange. WLF currently issues the stablecoin USD1, which has a market cap of approximately $4 billion, making it the fourth-largest stablecoin after Tether and USDC.WLF CEO Zack Witkoff said on X on Friday that the company aims to build "the world's most trusted and widely used digital dollar" while strengthening the dollar's role in the global economy. Zack Witkoff is the son of Trump's Middle East envoy Steve Witkoff. Overall, this approval could further strengthen WLF's position in the U.S. stablecoin and digital asset banking infrastructure, though its political ties may continue to raise regulatory and ethical concerns.
The U.S. Office of the Comptroller of the Currency granted World Liberty Trust Co. preliminary conditional approval. The company may operate national trust banking business.
Odaily News: The UK regulator, the Financial Conduct Authority (FCA), is exploring how tokenized gold can be incorporated into wholesale markets, including whether it can be used as collateral. The discussions involve regulatory approaches for institutional markets, with related rules potentially being announced in the coming months. The regulatory discussion comes as London seeks to consolidate its position as a global hub for gold trading. According to data from the World Gold Council, London currently accounts for approximately 70% of global gold trading volume, with Shanghai and Hong Kong competing for a larger share of wholesale business. HSBC launched a tokenized gold product for retail investors in Hong Kong more than two years ago, reporting cumulative trading volume exceeding $2.2 billion with more than 276,000 transactions. The FCA does not directly regulate physical gold trading, but it does regulate gold derivatives and publicly listed exchange-traded products. (Bitcoin.com News)