Compiled by: ChainCatcher

What important events have occurred in the past 24 hours?

Coinbase CEO says the crypto industry will benefit regardless of the Clarity Act vote outcome

According to ChainCatcher, Coinbase CEO Brian Armstrong stated that the crypto industry will gain regulatory clarity regardless of the U.S. Senate's vote on the Clarity Act on September 15. In an interview with CNBC, he mentioned that if the bill passes, the industry will receive legislative support; even if it does not pass, the SEC and CFTC have indicated their readiness to issue rules, and the industry will still gain regulatory clarity around the time of the vote. The Digital Asset Market Clarity Act aims to establish a federal regulatory framework for crypto exchanges, brokers, and stablecoins by dividing regulatory authority over tokens between the SEC and CFTC. Armstrong noted that the bill has broad bipartisan and industry support, with law enforcement agencies, banks, and crypto companies all expressing support, and key issues previously raised by Coinbase have been resolved. The only outstanding issue is the ethical provisions concerning elected officials holding digital assets, with the White House proposing a plan that includes strong ethical clauses, while Democrats are pushing for further measures, including mandatory asset divestment, and both sides are close to reaching a resolution. In response to JPMorgan CEO Jamie Dimon's criticism that Coinbase is using the bill's stablecoin provisions for regulatory arbitrage, Armstrong stated that critics with large payment businesses face "competitive issues" and are "speaking for themselves." He also mentioned that Goldman Sachs, Bank of New York Mellon, and Fidelity all support the bill.

WalletConnect report: Global crypto regulation enters implementation phase, DeFi remains the largest unresolved area

According to ChainCatcher, WalletConnect released a 68-page report titled "Policy, Compliance, and Regulatory Landscape," outlining global regulatory progress in areas such as payments, DeFi, trading, custody, and tokenization. The report suggests that discussions on crypto regulation in major markets have shifted from "whether to regulate" to "how to implement," with relevant frameworks moving from legislation to actual execution at different speeds, but cross-border rules remain highly fragmented. The report points out that the EU's Markets in Crypto-Assets Regulation (MiCA) will be fully applicable from December 2024, with its national transition period ending on July 1, 2026; currently, there are about 330 authorized crypto asset service providers in the ESMA temporary register, and over 1,000 companies reportedly failed to obtain authorization before the deadline. Hong Kong will issue its first stablecoin issuer licenses in April 2026, and Japan's revised Payment Services Act will take effect in June of the same year. Although the U.S. GENIUS Act has become law, the relevant system will not fully take effect until January 18, 2027, and broader market structure legislation is still pending. WalletConnect states that jurisdictions are increasingly adopting a "regulated touchpoint accountable" model, meaning that issuers and service providers must still fulfill anti-money laundering, sanctions screening, travel rule, and record-keeping obligations when interacting with self-custodied addresses. Tools such as sanctions screening, on-chain analysis, address control verification, and reusable identity credentials are already being used in some businesses, indicating that compliance and self-custody are not mutually exclusive; however, how to regulate decentralized software and protocols remains unresolved, and DeFi continues to be a major frontier issue for global regulation.

Coinbase CEO says Bitcoin reaching $400,000 by 2030 is still a reasonable target

According to ChainCatcher, Decrypt reported that Coinbase CEO Brian Armstrong stated in an interview with CNBC Squawk Box Asia that Bitcoin reaching $400,000 by 2030 is still a "reasonable target," despite the current BTC price being around $77,000. He cited Bitcoin's four-year cycle pattern, noting that the current downturn has lasted about a year, and said, "I personally believe the bottom for Bitcoin in this cycle has already occurred." He also mentioned that typically, there is an upward trend before Bitcoin halving, with the next halving occurring in about 18 months, stating, "The next year or two will be a good time for Bitcoin." Regarding regulation, Armstrong is more optimistic about progress in Washington. The U.S. Senate will vote on the Clarity Act on September 15, and he stated that the bill "is ready to pass," with law enforcement agencies, several banks, and crypto companies all expressing support, and the objections previously raised by Coinbase have been resolved. The remaining disagreement concerns ethical rules involving the presidential family's crypto business, with negotiations nearing a resolution. Armstrong expects that regardless of whether the bill passes, regulatory clarity will be achieved within a month, as the SEC and CFTC have indicated their readiness to issue rules and innovation exemptions based on existing authority. He also cited last year's Genius Act, stating that more than 150 large companies integrated stablecoins within three months of the bill's passage. If the Clarity Act passes, U.S. customers will be able to access tokenized stocks and perpetual contracts.

Nasdaq and other institutions write to the EU, requesting the removal or increase of tokenization limits

According to ChainCatcher, CoinDesk reported that European financial and crypto industry organizations have written to the EU Council and European Parliament urging lawmakers to remove the scale limits on tokenized securities platforms or set them at least at €1.5 trillion (approximately $1.74 trillion), arguing that the €100 billion limit proposed by the European Commission will hinder industry development. Signatories include the French Digital Asset Association Adan, Crypto Council for Innovation, the European Ethereum Institute, as well as companies like Nasdaq and Boerse Stuttgart. The EU's distributed ledger pilot program allows operators to test the trading and settlement of tokenized stocks, bonds, and investment funds while exempting some existing financial rules. After observing "moderate" participation, the European Commission proposed to expand the pilot framework and raise the current €6 billion limit to €100 billion. Adan stated that considering the development of global markets, this increase is still insufficient, and their preferred option is to completely remove the limit or set it at 15 times the proposed limit of €1.5 trillion. The joint letter pointed out that some existing European projects have reached €350 billion and plan further growth, but did not disclose specific projects or calculations. The letter also emphasized that the relevant threshold targets the market capitalization of already admitted securities rather than trading volume and opposed giving central securities depositories a significantly higher differentiated limit than other blockchain market operators, arguing that this would disadvantage emerging service providers. The coalition also compared Europe's restrictions with an unnamed mainstream U.S. settlement platform, which can tokenize stocks and other assets without trading volume limits; if limits are retained, the coalition hopes the commission can flexibly raise them as the market grows, without presetting a maximum limit.

The Block: Stablecoin supply near $290 billion, annual transactions exceed $90 trillion

According to ChainCatcher, The Block Research released a report on September 8 stating that during the period from October 2025 to August 2026, when Bitcoin fell over 50% and the total crypto market cap decreased by over $2 trillion, the total supply of stablecoins remained around $290 billion, with approximately 90% issued by Tether and Circle. In the past 365 days, stablecoin transaction volume exceeded $90 trillion, more than doubling compared to 2025. The daily turnover rate increased from 0.38 times in August 2024 to 0.78 times in August 2026. Ethereum holds about $147 billion (turnover rate 0.51 times/day), Base holds $4.5 billion (16.7 times/day), Solana about $13 billion (1.08 times/day), and Tron over $90 billion (0.25 times/day). The Bank for International Settlements estimates that stablecoin transaction volume in 2025 will be about $35 trillion, with payment-related transactions accounting for 1.1%. Chainalysis data shows that in 2025, illegal addresses received at least $154 billion in stablecoins. The GENIUS Act was signed in July 2025. In April 2026, FinCEN and OFAC jointly proposed to treat payment stablecoin issuers as financial institutions under the Bank Secrecy Act, and in August, the Treasury proposed a definition to clarify the scope of application, which is still a proposal. Companies like Paxos, zerohash, Rain, and Altitude describe a shift from one-time KYC onboarding to ongoing lifecycle monitoring of on-chain behavior, counterparties, turnover rates, and geography.

U.S. Treasury Secretary Bessent strongly urges the Senate to pass the Clarity Act

According to ChainCatcher, U.S. Treasury Secretary Scott Bessent posted on the X platform, strongly urging the Senate to advance the legislative process for the cryptocurrency Clarity Act after the August recess. He stated that the bill would prevent "bad actors" from exploiting important digital asset technologies and called on all parties to stay at the negotiating table, agree to procedural motions, and continue the legislative process. Bessent warned that failing to pass the bill would send a troubling signal to allies and adversaries, indicating that the U.S. is unwilling to lead the future of digital assets and is willing to forgo national security tools to combat the abuse of digital assets. In July of this year, Bessent stated that if one wants to stand on the side of "American exceptionalism," the Clarity Act must be passed, citing a statement from Satoshi Nakamoto. The Clarity Act was passed by the House of Representatives last year and aims to establish a regulatory framework to clearly delineate the regulatory jurisdiction of digital assets as securities, commodities, or stablecoins. The bill has stalled this year due to disagreements between banking lobbyists and crypto companies over stablecoin revenue issues, with a new draft in July prohibiting government officials from promoting cryptocurrencies or profiting from them, but some Democrats still believe the bill has shortcomings and are calling for amendments. President Trump has also urged lawmakers to push for the passage of the bill.

Bitcoin Bancorp acquires 2,547 ATMs from bankrupt Bitcoin Depot for $620,000

ChainCatcher reports that, according to CoinDesk, after the bankruptcy of Bitcoin ATM operator Bitcoin Depot, about a quarter of its more than 9,200 self-service terminals have been sold. Publicly traded digital asset infrastructure company Bitcoin Bancorp (BCBC) acquired 2,547 of these ATMs for $620,750 and additionally paid $110,500 to acquire related site agreements, intellectual property, trademarks, patents, and the BitcoinDepot.com domain name. Bitcoin Depot filed for Chapter 11 bankruptcy protection in May of this year, following a 49% year-over-year decline in first-quarter revenue, with profits turning from $12.2 million to a loss of $9.5 million. In its last complete financial report before bankruptcy (fourth quarter of 2025), the company valued all properties and equipment (98% of which are self-service terminals) at over $26 million. Bitcoin Bancorp, headquartered in Las Vegas and formerly known as Bullet Blockchain, trades at $0.04 on OTC Markets, with a market capitalization of approximately $18.5 million, far below Bitcoin Depot's peak valuation of about $400 million when it was listed on Nasdaq. The company stated that the remaining deliveries are expected to be completed in the next quarter. Data shows that losses from crypto ATM scams reached $389 million in 2025, a 58% year-over-year increase, with the UK's FCA announcing that crypto ATMs are illegal, and regulators in countries like Australia and Canada have also intensified their crackdown.

Block applies to establish national trust bank Builders Bank, to custody Bitcoin and stablecoins

ChainCatcher reports that Jack Dorsey's payment company Block has applied to establish Builders Bank & Trust, N.A. If approved, the bank will become an uninsured national trust bank directly regulated by the Office of the Comptroller of the Currency (OCC), focusing on providing custody and trust services for Bitcoin and stablecoins, without accepting deposits or issuing loans. The application is still pending OCC approval, and the OCC's public list of digital asset license applications currently includes 11 pending applications (submitted between February 23 and August 19), excluding Builders Bank. Previously, the OCC conditionally approved five national trust applications in December 2025, including Circle's First National Digital Currency Bank and Ripple, as well as conversion applications from BitGo, Fidelity Digital Assets, and Paxos; Circle received final approval in July of this year. The American Bankers Policy Institute (BPI), representing large banks, previously opposed a series of limited-purpose national trust license applications, arguing that companies should not obtain trust licenses unless they plan to operate a genuine trust company, and warned against using such licenses as a lightly regulated channel for bank-like products. Block stated that Builders Bank will not begin operations until it obtains the necessary regulatory approvals.

Citadel urges SEC to exercise regulatory authority over event contracts related to listed companies

ChainCatcher reports that, according to The Block, Citadel Securities urged the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in a letter dated September 9 to reaffirm the SEC's regulatory authority over products related to U.S. listed companies and their securities. The letter responds to the CFTC's self-certification process for event contracts. Citadel believes that event contracts associated with listed companies should fall under the SEC's regulatory purview to ensure a clear and consistent regulatory framework for related products.

German bond yields hit new highs ahead of ECB decision

ChainCatcher reports that Eurozone government bond yields remain high ahead of the European Central Bank's policy decision, with analysts expecting a 25 basis point rate hike. The yield on Germany's 10-year government bonds rose to 3.44%, previously reaching 3.4514%, the highest since 2011. The market expects the ECB's deposit rate to be 2.74% by December, up from the current 2.25%.

Former Bank of England Deputy Governor Jon Cunliffe joins blockchain payment company Fnality as UK entity chairman

ChainCatcher reports that, according to Bloomberg, former Bank of England Deputy Governor Jon Cunliffe, who was responsible for financial stability, has joined blockchain payment company Fnality and will serve as the chairman of its UK entity. Jochen Metzger, former Director General of Payment and Settlement Systems at the German central bank, has been appointed as a member of Fnality Europe's supervisory board and is expected to serve as chairman; Ron Berndsen, former supervisor and market infrastructure policy director at the Dutch central bank, will also join the supervisory board. Fnality operates a wholesale payment system that allows banks to settle debts using central bank currency balances. Its pound system, regulated by the Bank of England, went live in 2023 and is currently seeking regulatory approval to launch versions for the U.S. dollar and euro. Fnality states that the system aims to support the tokenization of traditional assets such as stocks and bonds, enabling securities and payment funds to flow synchronously on interconnected digital networks, thereby shortening settlement times and supporting round-the-clock trading. Fnality was established in 2019, with investors including major financial institutions such as Goldman Sachs, UBS Group, Santander Bank, Bank of America, and Citigroup.

ECB expected to raise rates by 25 basis points to 2.5%

ChainCatcher reports that the European Central Bank is expected to raise rates for the second time since the energy price surge caused by the Iran war, as inflation remains persistently above target. A survey of institutions shows that, except for one analyst, the rest expect the deposit rate to be raised by 25 basis points to 2.5% on Thursday. Policymakers are responding to last month's consumer price increase that broke through 3%.

China Securities Regulatory Commission seeks to raise listing thresholds for humanoid robot companies

ChainCatcher reports that, according to The Wall Street Journal, Chinese regulators are seeking to raise the listing thresholds for humanoid robot companies entering the public capital market. Sources revealed that the China Securities Regulatory Commission recently held informal talks with several investment banks and institutional investors, signaling a desire to raise the thresholds for humanoid robot companies seeking to go public. This move is related to the market performance of Yushu Technology after its listing. The company saw a 460% increase on its first day of trading, but interest subsequently waned, with its stock price dropping about 50% from its post-listing peak, bringing its market capitalization down to around $30 billion. Regulators are trying to quell the frenzy triggered by this.

Market raises bets on Fed rate hikes

ChainCatcher reports that after the release of U.S. data, U.S. short-term interest rate futures fell slightly, as the market raised bets on a Fed rate hike.

U.S. Senator: The CLARITY Act should provide legal protection for stablecoin issuers to freeze funds related to illegal activities

ChainCatcher reports that U.S. Senator Cynthia Lummis stated that the recent lawsuit against Tether for freezing $42.4 million in USDT highlights the regulatory gap in the current crypto industry in combating illegal financial activities. She pointed out that currently, stablecoin issuers and trading platforms may face civil litigation risks if they freeze related assets due to suspected illegal activities. Lummis stated that Section 305 of the Digital Asset Market Structure Clear Act would grant stablecoin issuers and trading platforms the necessary authority to timely freeze stablecoins suspected of involving illegal activities while avoiding civil liability. She believes that this provision could help the crypto industry more effectively prevent the flow of illegal funds and address the legal risks faced by issuers and trading platforms when taking compliance measures.

Mechamand founder Shao Tianlan questions the authenticity of revenues reported by some embodied intelligence companies

ChainCatcher reports that Shao Tianlan, founder and CEO of Mechamand, a Hong Kong-listed company, posted on social media questioning the authenticity of revenues reported by some embodied intelligence companies, which he claims are generated through data collection centers and related transactions with local governments, investors, and suppliers, creating false and unsustainable revenues to promote their listings. Mechamand primarily provides products such as robotic 3D vision and AI software, applied in industrial manufacturing, logistics, and other scenarios. He referred to these companies as "assembly-type" embodied intelligence companies, including some well-known companies from Beijing and Shanghai that have high valuations and have appeared on the Spring Festival Gala, criticizing their practices as illegal, unethical, and unwise. Shao Tianlan stated that generating revenue in this way could harm investors and place an increasing growth burden on the companies, as they would need to continue to generate more revenue after achieving such figures this year, potentially leading to a cycle of continuous fraud and loss. He specifically mentioned Galaxy Universal in the comments section and inquired whether there was support from Beijing city leaders for the company's listing.

Glassnode: Bitcoin rises 23% over 21 days, resistance at $83,000 to $86,000

ChainCatcher reports that on-chain analysis platform Glassnode released a report stating that Bitcoin has risen 23% over the past 21 trading days, while the S&P 500 and Nasdaq 100 remained flat during the same period, but it is still down 10% year-to-date. The cost basis of long-term holders, the futures liquidation map, and the breakeven point for U.S. spot ETFs all indicate resistance in the range of $83,000 to $86,000, with the highest spot price approximately 1.5% below the bottom of this range, followed by narrow consolidation below $80,000. About 1.07 million Bitcoins were purchased by long-term holders in the $83,000 to $86,000 range, with the heaviest positions close to $85,000, which have remained almost unchanged over the past 30 days. The selling pressure at the upper range is calculated to be 7 basis points per day based on the risk ratio of selling, less than half of August's peak of 16 basis points, and the proportion of profits realized by long-term holders dropped from 88% in August to 47%. The breakeven point for U.S. spot ETFs since their launch has been around $86,000, with paper losses narrowing to about $3.9 billion. U.S. core inflation has dropped to a two-year low of 2.5%, with inflation expectations at 3.6%, the widest gap in three years; the yield on 10-year U.S. Treasuries closed at 4.8%, near a two-year high. The derivatives liquidation heatmap shows that the short liquidation shelf in the $82,000 to $86,000 range has increased by 21 since being squeezed since August 19.

Monument Bank delays retail tokenized deposits due to UK regulatory issues

ChainCatcher news, according to CoinDesk, London challenger bank Monument Bank has postponed its project to tokenize £250 million (approximately $330 million) in UK retail bank deposits for several months due to the bank's inability to find a local crypto custodian that meets the Financial Conduct Authority (FCA) standards and can handle zero-knowledge privacy proofs. Mintoo Bhandari, founder of Monument Bank, stated that the bank originally planned to tokenize customer deposits on the privacy public chain Midnight, hoping to launch the world's first tokenized deposits two months ago, but now expects to go live for retail customers in November, two months later than planned. To meet regulatory requirements, the bank has expanded its search for custodial partners overseas and ultimately found a Canadian custodian approved by the FCA. Midnight is a privacy-first Layer 1 blockchain project funded by Charles Hoskinson, which keeps customer information within the Monument system through zero-knowledge proofs while allowing the bank to prove compliance on-chain and provide audit records to regulators. Monument Bank announced this project in March, planning to offer tokenized private equity, structured products, and automated Lombard loans to "mass affluent" customers with investable assets between £50,000 and £5 million. Bhandari stated that customer deposits will still earn interest, be fully backed by Monument, and can be exchanged 1:1 for pounds, protected by the Financial Services Compensation Scheme (FSCS), with a limit of £120,000 per person or company.

Data: Ethereum spot ETF saw a total net inflow of $34.7535 million yesterday, with Blackrock's ETHB leading at $22.9376 million

ChainCatcher news, according to SoSoValue data, on September 9 Eastern Time, the total net inflow for Ethereum spot ETFs was $34.7535 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock's Staked ETH ETF ETHB, with a single-day net inflow of $22.9376 million, bringing ETHB's historical total net inflow to $798 million. Following that was Blackrock's ETF ETHA, with a single-day net inflow of $9.7144 million, currently having a historical total net inflow of $12.883 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $15.688 billion, with an ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) of 5.2%, and the historical cumulative net inflow has reached $13.203 billion.

Research firm Sage Road Research states AI company stock prices have dropped 20% since June peak

ChainCatcher news, research firm Sage Road Research released an executive summary titled "The AI Trade," stating that since the beginning of this year, the Magnificent 7 has underperformed the Russell 3000 index by about 8 percentage points and the MSCI ACWI by nearly 9 percentage points. In July, the CBOE NDX volatility index relative to VIX reached its highest point since the internet bubble, and the Nasdaq index rebounded 5% over four days after entering a correction. As of the report's writing, AI company stock prices have dropped 20% since their 52-week high in June. Companies are struggling to achieve returns on investment amid soaring AI costs, with firms like Uber, Amazon, Meta, and Walmart implementing restrictions on employee AI usage. Model homogeneity limits pricing power, and Chinese open-source models have become a cheap alternative to OpenAI and Anthropic. AI capital expenditures have exceeded expectations, with the consensus for 2026 rising from $527 billion at the end of 2025 to about $800 billion by mid-year. Capital expenditures for hyperscale cloud vendors are expected to account for 3% of U.S. GDP in 2027, more than double the 1.2% peak during the late 1990s telecom fiber construction. Allianz Research calculates a nearly 46% growth gap between AI investment and sales, worse than the 32% during the 2001 telecom bubble. As of June, hyperscale cloud vendors and related entities like Nvidia have issued $225 billion in bonds, a year-on-year increase of 973.7%. The off-balance-sheet liabilities of tech giants have increased eightfold over four years to $1.65 trillion.

Pump.fun launches Custom Pairs, supporting tokenized stock quotes

ChainCatcher news, Pump.fun announced on Wednesday the launch of a new feature called Custom Pairs, allowing creators to choose tokenized stocks, wrapped Bitcoin, Ethereum, and metals as quote assets when issuing tokens, no longer limited to SOL and USDC trading pairs. Currently, the supported quote asset pairs have reached 93, covering tokenized Nvidia, Tesla, and the S&P 500, among others. Custom Pairs has launched a creation form, with its joint curve and PumpSwap protocol fee rates consistent with standard issuance, where 50% of the revenue will go into the PUMP buyback and burn contract. The newly added 20 trading pairs were introduced by the Solana asset listing platform Sunrise through the Wormhole native token transfer framework, issued by Backpack Securities, covering U.S. stocks like Boeing, Alibaba, Costco, Dell, Trump Media, IBM, Johnson & Johnson, Lockheed Martin, Lululemon, MGM, Pfizer, Roblox, Reddit, Rivian, Shopify, Snap, and UPS. With the addition of the xStocks tokenized stock line issued by Backed Finance, the total number of quote asset pairs supported by Pump.fun has reached 93. Creator fees are paid in quote assets, with rates ranging from 0.05% to 1%. Data shows that the first batch of Custom Pairs pools uses wrapped Bitcoin as the quote asset, with the Wrapped ETH pool having the highest liquidity at $3.07 million.

Coinbase partners with Moov to provide stablecoin infrastructure for community banks

ChainCatcher news, according to Cointelegraph, cryptocurrency exchange Coinbase has partnered with financial platform Moov to provide stablecoin infrastructure for over 1,000 community banks and credit unions in Moov's customer base. The two parties will combine Coinbase's regulated digital asset infrastructure with Moov's payment platform to offer stablecoin payment acceptance, settlement, and real-time funding services. This infrastructure will support use cases such as consumer stablecoin payments, merchant settlements, and payments, and provide businesses and merchants access to Coinbase custodial accounts. U.S. community banks typically have total assets of less than $10 billion, including state-chartered institutions and savings and loan holding companies. This partnership comes as large U.S. banks are experimenting with stablecoin infrastructure. On Wednesday, U.S. Bank, the fifth-largest commercial bank in the U.S., completed a real-time cross-border payment using its proprietary stablecoin USBDC on the Stellar blockchain. Earlier this month, 21 financial institutions, including Bank of America, Citigroup, Goldman Sachs, Deutsche Bank, and UBS, announced plans to form a company to issue stablecoins. Additionally, Western Union also launched a digital wallet and Visa-branded card in August in partnership with stablecoin infrastructure provider Rain.

Samson Mow: Liquid's approximately $5 billion in assets must be fully returned

ChainCatcher news, according to Bitcoin News monitoring, Samson Mow warned the alleged white-hat hacker of Liquid that the clues left behind may be more than imagined. Mow stated, "The net of justice is wide and inescapable, and it will not let anyone go." Mow also questioned the hacker's claim to return Bitcoin in exchange for a bounty, stating whether it is wise to publicly admit to taking Bitcoin and asking for a bounty in return. Mow pointed out that Liquid's approximately $5 billion in assets, including L-BTC, Tether, and real-world assets, belong to the respective issuers and holders and cannot be used as a basis for calculating the bounty. Regardless of how other matters are negotiated, all user assets must be fully returned.

Bank of Communications releases cross-border trade service plan based on Digital Currency Electronic Payment System

ChainCatcher news, the 26th China International Investment and Trade Fair recently opened in Xiamen. Under the guidance of the People's Bank of China, Bank of Communications officially released a cross-border trade service plan based on the Digital Currency Electronic Payment System (CBETS) blockchain infrastructure, focusing on cross-border trade settlement and compliance needs, enhancing the efficiency of capital flow, information flow, and document flow through on-chain rights confirmation and smart contracts. The plan relies on CBETS to support multi-party participation and data sharing, providing services such as cross-border payment collection and trade background verification for import and export enterprises, financial institutions, and regulatory departments, aiming to reduce compliance costs, shorten settlement cycles, and reserve expansion space for the digital renminbi and cross-border financial infrastructure connection.

Singapore Exchange opens Bitcoin and Ethereum perpetual contracts to U.S. institutions

ChainCatcher news, the Singapore Exchange (SGX) has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) under Regulation 48.1 to open its Bitcoin and Ethereum perpetual contracts to U.S. institutional investors. KC Lam, head of crypto derivatives at SGX Group, stated that previously U.S. participants were unable to trade these contracts, but they are now permitted direct access to its trading system. Since launching at the end of November 2025, SGX's crypto perpetual contracts have accumulated a trading volume of $5.8 billion (approximately 400,000 contracts), with an average daily trading volume of 1,300 contracts ($19 million) as of August, with Bitcoin accounting for 66% of open contracts and 83% of average daily trading volume, with a single-day peak trading volume of 11,500 contracts (notional value of $145 million). Lam stated that as the FIS backend integration is fully ready, they will assist U.S. clearing members in onboarding clients in the next month or two. Unlike crypto-native platforms, SGX's perpetual contracts have no expiration date but use a margin call and collateral top-up mechanism instead of automatic liquidation, separating trading and clearing based on traditional futures market infrastructure. Stablecoins are not accepted as collateral, and the contract benchmark index is jointly developed by SGX and CoinDesk Indices. SGX's next step is to launch Bitcoin and Ethereum futures and options.

The amount of virtual assets gifted to minors in South Korea has increased to about 2.7 times in a year

ChainCatcher news, according to the Central Daily News citing data from the National Tax Service, there were a total of 423 cases of inheritance and gifting of virtual assets in South Korea in 2025, amounting to 45.862 billion Korean Won, which represents an increase of 2.4 times and 3.4 times year-on-year, respectively. Among these, there were 103 cases of gifting virtual assets to minors under the age of 18, totaling 4.034 billion Korean Won, which is approximately 2.7 times higher than the 1.47 billion Korean Won in 2024. South Korea plans to further strengthen tax regulation on virtual assets starting in 2027, incorporating VASPs such as Upbit and Bithumb into the unified inquiry scope for financial assets related to inheritance and gifting.

Bitcoin and Ethereum Accelerate Quantum Resistance Upgrade: The U.S. Invests $300 Million in Quantum Hardware

ChainCatcher news, according to CoinDesk, the U.S. Department of Commerce has allocated up to $100 million each to three quantum computing companies—Rigetti, D-Wave, and Quantinuum—under the CHIPS Act, totaling up to $300 million for hardware expansion, manufacturing, and error correction systems, while simultaneously acquiring minority stakes in the three companies. Meanwhile, developers of Bitcoin and Ethereum are accelerating the advancement of post-quantum cryptography upgrade plans. The Ethereum Foundation has set December 2029 as the deadline for the base layer quantum resistance upgrade, covering the execution layer, consensus layer, and data layer; although there is no unified timeline for Bitcoin, proposals BIP-360 (post-quantum output types) and BIP-361 (phasing out ECDSA and Schnorr signatures) have been accelerated, with researchers also viewing 2029 as a critical window for completing a credible migration path.

Meme Popularity Rankings

According to the meme token tracking and analysis platform GMGN, as of September 11, 08:46,

The top five popular tokens on ETH in the past 24 hours are: STOCKER, UNI, LINK, PAXG, ZAMA

The top five popular tokens on Solana in the past 24 hours are: STONK, baton, CATE, TIKTOK, GAY

The top five popular tokens on Base in the past 24 hours are: Basecat, STONKFLY, VVV, FIN, Win

What are the noteworthy articles to read in the past 24 hours?

Glassnode: Bitcoin's rebound faces resistance, can reduced selling pressure drive a breakthrough?

Conclusion: Bitcoin is consolidating below the resistance zone of $83,000 to $86,000, while three independent indicators—the cost of long-term holders, liquidation distribution, and the ETF breakeven line—point to the same resistance range. The current market remains in a state of oscillation where support has been repaired, but the top has not yet broken through. Compared to August, the most significant change in this round of market activity is the noticeable reduction in selling pressure: the seller risk ratio is less than half of the August peak, and long-term holders have not realized profits on a large scale, but the liquidity for short seller liquidations above is continuously increasing. If Bitcoin can maintain a close above $86,000 while the seller risk ratio remains low, it indicates that the market has digested the selling pressure above. Conversely, if the seller risk ratio breaks through 16 basis points again, or if the price falls below the support range of $62,000 to $65,000, the current judgment will become invalid.

Biden's son meme coin crashes, LAPTOP plummets 99%

Hunter packaged LAPTOP as a recycling of scandals and referred to the TRUMP token as a scam, but the issues exposed by both celebrity coins are nearly identical. Previous reports indicated that the Trump couple netted about $1 billion through their token, while most ordinary investors ended up with losses. LAPTOP claimed to subsidize TRUMP's loss-making users, but the team’s associated wallets cashed out early, and market makers simultaneously obtained circulating supply for sale, pointing to the same conclusion: when celebrities issue coins, they talk about community and fairness, but the flow of funds on-chain has already provided the answer: who ran first, and who is left holding the bag.

Pantera Capital: Four Opportunities in the Computing Power Market

At the same time, the physical GPU market and cloud service providers are continuously extending upstream and downstream in the industry chain, attempting to capture the complete value in the token economy. As the underlying resource that supports the entire AI economy, computing power is gradually transforming from a mere infrastructure into an independent financial asset. In the future, this field may see multiple unicorn companies emerging, each covering different levels of the market and forming various business models, including physical computing power supply, brokerage services, lending, risk management, and combinations with DeFi and TradFi capital markets. Computing power could be a rare new type of physical bulk commodity in decades, and we may be witnessing its transition from early private matchmaking transactions to a complete asset class.

Explosive Growth of Stock Derivatives in 2026: The Landscape of Crypto Exchanges and Key Trends | RootData Research

Looking ahead to the second half of the year, as the sector enters a quality competition period under high base conditions, platforms with multidimensional comprehensive capabilities are more likely to capture the next round of incremental growth. Exchanges that can maintain pricing and depth advantages on core assets, while covering long-tail demand with a rich variety of underlying assets, and maintaining competitiveness in liquidity, will occupy a more favorable position in the transition from "volume growth" to "quality competition." The ultimate outcome of the stock derivatives sector may not belong to a single champion, but to those players who have no obvious shortcomings and can maintain competitiveness across multiple dimensions.