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Truth Social ETF manager Yorkville plans to launch more than ten ETFs covering themes such as the digital economy and macro strategies

According to Reuters, Yorkville America, the asset management company responsible for managing the Truth Social brand ETF under Trump, is nearing the completion of an acquisition deal aimed at further expanding its product line by acquiring an institutional asset management company. The deal is expected to be completed in September.Yorkville CEO Steve Neamtz stated that this acquisition will be an important step in the company's strategic expansion, pushing its business from the current product line focused on "America First" themed ETFs into a broader digital asset management field. Neamtz added that this marks Yorkville's first entry into the digital assets and cryptocurrency products sector, and the company has already submitted applications to launch approximately 12 additional ETFs in the coming weeks to months, covering various themes such as the digital economy and macro strategies.Meanwhile, Yorkville also announced the launch of the MANGOS Plus Index ETF, which will be listed on the New York Stock Exchange (NYSE) and NYSE Texas. This is Yorkville's first ETF not managed under the Truth Social brand, primarily betting on popular companies in the AI industry chain. The index tracked by this ETF includes companies such as Meta, Anthropic, NVIDIA, Alphabet, OpenAI, and SpaceX, while also incorporating AI concept stocks like Micron and SanDisk.

first_img Ireland's new savings plan excludes crypto assets, aiming to leverage $203 billion in deposits

Irish Deputy Prime Minister and Minister for Finance Simon Harris announced the framework for the country's new savings and investment plan via an Instagram video on Sunday, explicitly excluding crypto assets. Savers can hold stocks, bonds, funds, exchange-traded funds, and insurance products, while cryptocurrencies, derivatives, and interest-bearing cash are not permitted. The plan aims to guide approximately $203 billion (€175 billion) in deposits held by Irish households in bank accounts into the investment sector.Every Irish tax resident aged 18 and over can open an account, with contributions within the tax-free allowance being completely tax-exempt, while amounts exceeding this will be taxed at a low fixed rate annually. There are no minimum contribution amounts or lock-in period restrictions, but there is an annual contribution limit. Specific thresholds and tax rates will be announced on the budget day of October 6, with accounts expected to open next year. Research from the Central Bank of Ireland shows that Irish households allocate only 2.3% of their financial assets to direct investments such as listed stocks and bonds, significantly lower than the EU average of 7.5%.Harris also confirmed that the new accounts will not be subject to the "deemed disposal" rule—this rule requires certain funds to be taxed at a rate of 38% every eight years. The government will review this regulation more broadly in the coming weeks. A survey by the Central Bank of Ireland found that about 10% of adults hold crypto assets, primarily young men, with an average holding of approximately €2,266. Prior to the exclusion of crypto assets, Ireland launched its first national anti-money laundering strategy on August 13, enhancing scrutiny of private wallet transfers and due diligence requirements for overseas crypto businesses.

first_img Data: The total financing amount of the cryptocurrency market in August is approximately 596 million USD, with an RWA financing coverage rate of about 28.2%

According to RootData's financing data statistics, the crypto primary market disclosed 49 financing events in August, with a total financing amount of approximately $596 million, a 74.2% decrease compared to about $2.312 billion in July, and a 35.5% decrease compared to about $924 million in August 2025; the number of financing events slightly increased by 2.1% compared to 48 events in July, and decreased by 42.4% compared to 85 events in the same period last year. (This data does not include questionable financing and excludes mergers and acquisitions, IPOs, post-IPO, and debt financing.)From the perspective of sectors, DeFi was the most active sector this month, completing 19 financings, but the disclosed amount was only about $73.1 million; the infrastructure sector completed 14 financings, with a disclosed amount of about $311 million, ranking first in amount; CeFi completed 8 financings, with a disclosed amount of about $199 million. The top three projects by financing amount were Ripple ($275 million), RQD Clearing ($74 million), and Fasset ($68 million), with the top three projects totaling about $417 million, accounting for approximately 70.0% of the overall disclosed financing scale.In terms of RWA, RootData currently includes 529 RWA-related projects, of which 149 projects have financing records, with a financing coverage rate of about 28.2%. However, in August alone, there was only one RWA-related financing, Entropy, with a financing amount of $14 million, accounting for about 2.0% of this month's financing events and about 2.3% of the disclosed financing amount.In addition, 6 merger and acquisition events were disclosed in August, a significant decrease from 19 in July; among them, 4 belong to CeFi, including BitGo's acquisition of NYDIG, Nasdaq's acquisition of LeveL Markets, Rain's acquisition of Ansa, and OpenFX's acquisition of Global Ledger. These were mainly concentrated in CeFi, payments, market infrastructure, and data analysis services.In terms of investment institutions, YZi Labs, MH Ventures, Mapleblock, Polychain, and others remain active. Overall, in August, financing market funds mainly flowed into payments, clearing, stablecoins, CeFi, and institutional-level infrastructure; RWA sector projects are well-reserved, with high narrative heat, but monthly financing has not yet seen a synchronized increase.

first_img Rising Sun Technology Holdings receives additional advanced packaging and testing orders from Google TPU and Intel

According to a report by the Economic Daily, ASE Technology Holding benefited from the increased capacity of Google TPU, significantly adding advanced packaging and testing orders. Intel is accelerating the promotion of its EMIB advanced packaging platform while simultaneously expanding its outsourcing orders to ASE Technology Holding, with the previously raised testing quotes showing benefits. Google continues to increase its AI capital expenditures to expand data centers, using TPU to support the Gemini large model, AI agents, and Google Cloud services. The market estimates that Google TPU will enter a large-scale production phase by 2028, with shipments expected to reach 12 to 15 million units. ASE Technology Holding has mastered 2.5D, 3D advanced packaging, and high-end testing technologies, and Google is also expanding its use of TSMC's advanced processes and CoWoS capacity.Intel is racing to advance its EMIB packaging platform, with major cloud companies like Meta and Google successively adopting the EMIB and EMIB-T platforms. ASE Technology Holding, positioned as a pure testing and packaging foundry, can directly procure organic embedded silicon bridge substrates to undertake backend wafer-level assembly and high-end testing services. Wu Tianyu, the Chief Operating Officer of ASE Technology Holding, believes that Intel's EMIB and TSMC's CoWoS are not zero-sum competitors. As the testing time for AI chips lengthens, the costs of equipment, materials, and labor are rising, and high-end packaging and testing capacity is becoming increasingly tight. Major testing and packaging factories have gradually raised prices based on products, capacity, and customer conditions, with increases of about 5% to 10%.

SemiAnalysis releases Neocloud security deep report: Infrastructure configuration errors are shocking, and cross-tenant RCE could affect banks, telecommunications, and even a country's intelligence agency

The semiconductor and AI independent research organization SemiAnalysis released a deep security report on Neocloud (new cloud), revealing various cross-tenant security vulnerabilities discovered during the ClusterMAX 3 testing period. In a four-month test covering 25 vendors and 32 clusters, the team achieved multiple instances of cross-tenant remote code execution (RCE) solely by exploiting publicly known vulnerabilities and basic configuration checks. Affected entities included banks, telecommunications companies, universities, research institutions, AI laboratories, and even a national intelligence agency.Typical issues included: shared Kubernetes control plane leading to tenant metadata visibility, container escape, exposure of BMC/IPMI management networks, incorrect configuration of InfiniBand security keys (P_Key, SA_Key, M_Key), unfortified default trust mode of BlueField DPU, Grafana monitoring dashboards using god-level API keys, and lack of VXLAN isolation in front-end networks. The report specifically pointed out a cascading vulnerability case: a misconfiguration of shared vCluster combined with software versions being two years out of date ultimately completed the POC verification of cross-tenant RCE within an afternoon.Notably, the report questioned the mainstream narrative that "AI has fundamentally changed the pace of cybersecurity": statistics on CVEs for NVIDIA GPU drivers, CUDA, PyTorch, Kubernetes, Docker, and the Linux kernel showed that there was no significant increase in vulnerabilities after the popularization of AI coding models, with most data supporting the "no change hypothesis." The report also detailed the incident where an OpenAI-trained agent attacked Hugging Face, where the AI agent achieved cluster-level privilege escalation through a message board established via Artifactory, which went undetected from May to July. While building POC verification for existing vulnerabilities, the team found that Claude Fable and GPT-5.6 Sol frequently rejected security-related requests, ultimately relying on open-source models such as DeepSeek V4, Kimi K3, and GLM-5.2 to complete the task.SemiAnalysis stated that the core issue in the Neocloud (new cloud) industry is not the new risks brought by AI, but rather the long-term absence of basic patch management, tenant isolation, and security design. They recommended that vendors establish automated security announcement monitoring systems and rectify single points of failure that could expose all users' architectural patterns.
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