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According to Fortune magazine, the stablecoin payment infrastructure company Latitude has completed a $35 million Series A funding round, led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX.The company was co-founded by former executives from Stripe, Uber, Coinbase, and Meta, aiming to help businesses send fiat currency to emerging market users through stablecoins using local payment methods (bank accounts and mobile wallets). Latitude is licensed in 45 U.S. markets and plans to expand its regulatory licenses in Southeast Asia, Latin America, and Africa. The current team consists of 15 people, and the new funds will be used to expand compliance, engineering, and sales teams.

The re-staking protocol Renzo Protocol announced its name change to Renzo Finance and launched its first on-chain structured yield product Renzo Basis, which will go live on Hyperliquid, initially supporting BTC and HYPE. Lucas Kozinski, founder of Renzo Labs, stated that basis trading earns funding rate income by simultaneously holding a spot long and a perpetual contract short. Since the long and short positions hedge each other, asset price fluctuations do not affect the yield, and users earn the fees paid by perpetual traders every hour.Renzo stated that the product achieves automation through a triple protection mechanism, including hedge protection, yield protection, and safety buffer. Currently, the product does not use AI automation but instead conducts trading and strategy monitoring through Hyperliquid's proxy wallet (API wallet) with user authorization, without holding user funds. The relevant protection parameters can be customized by users. Renzo emphasized that its product differs from competitors such as Ethena and Bitwise's Superstate in that it is fully on-chain, self-custodied, and allows depositors to choose their own assets, trading venues, and risk parameters.Renzo Basis plans to support all assets on Hyperliquid that have both spot and perpetual markets and expand to other DeFi platforms, with the next stop being Lighter on Robinhood, where on-chain stock perpetual basis trading will be introduced.

According to a report by the Financial Associated Press, the Chief Financial Officer of OpenAI stated that they are considering reforming the charging model, testing a new pricing model based on performance, gradually moving away from the usage-based billing method, and competing with lower-priced open-source models.

Imran Khan, co-founder of Alliance, stated that Coinbase founder Brian Armstrong and Robinhood co-founder Vlad Tenev are leveraging their respective backgrounds to carve out different tracks in the cryptocurrency market.Vlad has built Robinhood into a platform centered around retail trading, deeply understanding the psychology and trading motivations of high-risk tolerant retail investors, which will give him an advantage in controlling retail speculation and trading in the future; while Brian has dedicated the past decade to popularizing Bitcoin and the cryptocurrency value system, deeply rooted in the Silicon Valley tech startup ecosystem, which determines that Coinbase and Base are more inclined to build underlying financial infrastructure aimed at changing the real world.Imran believes that although there is overlap in their businesses, the market space is large enough, and one party's activity in speculative trading does not mean the other party will fail. Both will lead millions of new users into the on-chain world from completely different entry points.

Coinbase official account CoinbaseMarkets announced that today Concrete (CT) will be added to the asset roadmap.

"New Bond King" Gundlach stated that the Federal Reserve's benchmark interest rate should be raised by 50 basis points.

The founder of Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that Bitcoin has just dropped, and the Coinbase Bitcoin premium remains negative, continuing to incur significant losses. It is expected that tomorrow's spot ETF (i.e., the US stock market trading day) will see capital outflows.ETF data is lagging; trading based on ETF data is akin to driving while looking in the rearview mirror. Although it is inconvenient, the inflow and outflow of ETF funds are very important, so we can only keep an eye on it.

According to the Seoul Economic Daily, Hanwha Investment & Securities has established a token securities platform based on the Avalanche blockchain. This platform was developed by the blockchain technology company FairSquare Lab and is designed to operate on multiple networks, including Avalanche and the enterprise-level blockchain Hyperledger Besu.

According to Onchain Lens monitoring, a certain whale deposited 620,420 LINK (approximately 7.6 million USD) into Coinbase.In the past three weeks, this whale has cumulatively deposited 2,410,000 LINK (approximately 26.04 million USD) into Coinbase, all of which previously came from Binance.

According to the official announcement, Bitget has launched the U-based "Hakimi" perpetual contract, supporting up to 3x leverage, and the contract trading bot will be opened simultaneously. For more details, please refer to the official Bitget platform.

According to CoinDesk, the Bitcoin mortgage product jointly launched by Better Mortgage and Coinbase has been fully launched last week. Borrowers can pledge Bitcoin at a 250% collateral rate to pay for the down payment on a home. For example, to purchase a $500,000 property, one would need to pledge $250,000 in Bitcoin to support a $100,000 down payment. Since the full launch, the pre-application loan scale has reached $360 million, higher than the previous estimated $260 million from the waiting list users.At closing, borrowers will receive two loans: one is a conventional mortgage secured by the property that meets Fannie Mae standards, and the other is a down payment loan secured by pledged Bitcoin and a subordinate lien on the property. Better disclosed that it may re-pledge the Bitcoin pledged by borrowers, as long as an equivalent amount of assets is retained for return. Borrowers cannot retrieve their crypto assets early and must wait until the conventional mortgage is fully repaid or refinanced to recover them, meaning Bitcoin may be locked for up to 15 to 30 years.Unlike typical crypto loans, a drop in Bitcoin prices will not trigger a margin call or automatic liquidation; liquidation of pledged assets may only occur 60 days after the borrower defaults. Coinbase only acts as a custodian and technology provider and does not participate in credit decisions. Currently, the product only supports Bitcoin collateral; both parties mentioned USDC when announced in March but ultimately chose to launch with BTC first.

According to the information released by the SEC, Coinbase (COIN) director Wilson Frederick R sold 10,000 shares of the company's stock on September 1 at an average price of $178.93 per share, with a total value of approximately $1.7893 million. After the transaction, his direct holdings decreased to 187,389 shares.

GMGN data shows that Basecat's market capitalization briefly surpassed 83 million dollars, setting a new historical high, with a 24-hour increase of about 38%, currently reported at 73.4 million dollars. Coinbase has previously launched BASECAT spot trading.

According to the official announcement, Bitget has launched the U-based DGAI perpetual contract, supporting up to 20x leverage, and the contract trading Bot will be opened simultaneously. For more details, please refer to the Bitget official platform.

According to Onchain Lens monitoring, in the past four hours, a whale withdrew 62,410 HYPE tokens (approximately 5.27 million USD) from Coinbase.In the past week, the wallet has withdrawn a total of 110,370 HYPE tokens (approximately 9.09 million USD) from Coinbase.

Coinbase, the cryptocurrency exchange, submitted Form 1-N and Form BD-N to the U.S. Securities and Exchange Commission (SEC) on September 1 through Coinbase Derivatives and Coinbase Financial Markets, respectively, intending to launch single-stock perpetual contracts in the U.S. Coinbase's Chief Policy Officer Faryar Shirzad stated that the next step for the related products still requires approval from the U.S. Commodity Futures Trading Commission (CFTC).The two documents pertain to registration as a securities futures exchange and a limited-purpose securities futures broker. Since March 20, Coinbase has been offering 10x perpetual contracts for stocks such as Apple, Nvidia, and Tesla to non-U.S. users, settled in USDC and supporting 24/7 trading. U.S. users were previously explicitly excluded from this product.

QuFi Network launched a post-quantum verification platform and completed proof of concept on the Bitcoin testnet.The platform aims to address the security threats of quantum computing to crypto assets at a low cost by separating verification from settlement.

The Bank for International Settlements (BIS) released Working Paper 1374, proposing a technical solution based on the XRP Ledger (XRPL) to verify the source and integrity of official statistical data. This solution generates cryptographic fingerprints for SDMX datasets and records the hash values of batch data on the XRPL, while the original data itself is not stored on the chain.Users can verify the identity of data publishers and whether the data has been tampered with through digital signature credentials combined with a one-time on-chain query. Prototype testing results show that data publication takes about 3 to 5 seconds, while the verification process only takes about 1 to 2 seconds. The paper specifically notes that this system is currently only in the proof-of-concept stage and has not yet been put into a formal production environment.

The Binance contract platform will launch the BYDUSDT perpetual contract priced in USDT on September 7 at 10:00, and the HK0992USDT Quanto perpetual contract will go live on the same day at 10:05. Both have a maximum leverage of 20 times and support multi-asset mode.

On Thursday, the Saudi Arabian artificial intelligence company Humain launched a national AI platform and introduced the Arabic model humain-m3. This model is based on the open-source model M3 from the Chinese laboratory MiniMax Group Inc. Humain is supported by the Public Investment Fund and has invested in data centers and chips to enhance Saudi Arabia's competitiveness in the global AI field.Humain stated that its commissioning of the model aims to strengthen the Arabic AI ecosystem while contributing to the global advancement of cutting-edge intelligence. The company thus joins the ranks of nations seeking to strengthen control over this increasingly important technology.