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first_img Michael Saylor: The best protection for digital assets is widespread adoption

Founder of Strategy Michael Saylor stated: The digital asset industry is better off with supportive rules from the SEC, CFTC, Treasury, and banking regulators than accepting the limitations in the final CLARITY compromise. The safest path is to create products that satisfy customers and deploy them widely, allowing people to have a stake in innovation. Ownership should be protected, honest disclosure required, and fraud punished, then let entrepreneurs compete and grow.Saylor mentioned that the September CLARITY compromise would have restricted covered providers to only paying customers for holding stablecoins while allowing qualified activity rewards, and directed the Treasury to limit certain rewards when a significant harmful deposit transfer to community banks was identified. The GENIUS Act has included restrictions on issuers paying interest and returns on stablecoins. The innovation sandbox of CLARITY would have limited participating companies to 25 employees, with each committee approving 20 projects per year. The SEC provided conditional relief for on-chain trading of certain tokenized stocks on September 17, and the CFTC chairman committed to using existing authority while the bill is stalled.He pointed out that useful products should be scaled by 2027 and 2028, transforming temporary relief into permanent rules. The goal is to have 50 million American voters using digital financial products that improve their lives. The best protection for digital innovation is the public that benefits from it.

first_img CoinShares researcher: Germany's cryptocurrency adoption is progressing well, while the UK has fallen behind

According to Cointelegraph, CoinShares crypto researcher Luke Nolan stated on the Chain Reaction program that cryptocurrency adoption in Germany is making "very good progress" through family offices, wealth management institutions, and younger investors, while the UK is "still very behind," mainly due to regulatory lag. Nolan pointed out that the UK's Financial Conduct Authority (FCA) only lifted the ban on crypto exchange-traded products less than a year ago, and its digital asset market is still in the "nascent" stage.In terms of relevant data, Germany currently has 89 licensed crypto asset service providers, accounting for 25.5% of the European Securities and Markets Authority (ESMA) MiCA registered companies; in June this year, Germany also ranked first in the EU with 57 authorized crypto companies.Meanwhile, Deutsche Bank stated on Wednesday that it is awaiting regulatory approval to launch crypto custody services for institutional clients in Europe, expecting to obtain a license in October; Landesbank Baden-Württemberg is also set to provide crypto custody services in April 2024 through a partnership with Bitpanda.In contrast, the FCA released final guidance on Wednesday clarifying when crypto activities need to be authorized and plans to open license applications on September 30, with the new system set to take effect on October 25, 2027.Additionally, the FCA issued stop notices on Thursday to three London locations suspected of assisting illegal peer-to-peer crypto trading; the UK Parliament approved regulations in February to bring digital assets under FCA regulation and finalized a package of rules in June.

first_img Nakamoto CEO stated that AI could become the next engine for Bitcoin adoption

David Bailey, CEO and Chairman of Nakamoto Holdings, stated during a discussion hosted by investment bank TD Cowen that artificial intelligence could become the next engine driving Bitcoin adoption. He believes that the barriers to Bitcoin adoption have always been the interface rather than the asset itself; wallets, addresses, private keys, and the overall onboarding process have deterred mainstream users over the past decade, while AI-driven tools can abstract away this complexity, making it easier for ordinary individuals and institutions to use Bitcoin.TD Cowen analyst Lance Vitanza described this viewpoint as speculative but worth noting, suggesting that it shifts the adoption discussion away from traditional topics such as monetary policy, regulation, and institutional capital inflows. Bailey also mentioned that institutional adoption of Bitcoin is just beginning, with the changes brought about by spot ETFs, corporate treasury programs, and sovereign-level interest in the past year exceeding the total of the previous decade, and the opportunities ahead remain far greater than what has already been captured.When asked whether Bitcoin is reshaping traditional finance, Bailey firmly believes the answer is yes, as institutions, governments, and publicly traded companies are participating on a large scale, but the underlying properties of Bitcoin have not changed as a result. Nakamoto positions itself as a comprehensive Bitcoin platform covering media, conferences, education, asset management, consulting, and reserve business, and TD Cowen has given Nakamoto Holdings (NASDAQ: NAKA) a buy rating.

Bitget has integrated with the official Nasdaq data source, becoming the first cryptocurrency platform in the industry to adopt this standard

According to official news from Bitget, Bitget has completed a comprehensive upgrade of its U.S. stock product market data source, officially connecting to the Nasdaq official data source, becoming the first cryptocurrency trading platform in the industry to adopt this data standard. Compared to the previous data model, Nasdaq official data can provide users with more accurate and timely market data, and maintain better price stability and continuity during periods of significant market fluctuations.To further ensure data quality, after connecting to the official data, Bitget has established a multi-layered assurance mechanism based on the official metadata, including data processing, real-time monitoring, quality comparison, simulation validation, and anomaly data filtering. Nasdaq, as a core data service provider long adopted by global financial markets, has had its data standards validated over many years in the traditional financial sector.This upgrade also marks a further deepening of Bitget's global asset trading infrastructure development. As the trading categories gradually expand from digital assets to global assets such as U.S. stocks, the platform will continue to enhance its underlying data, liquidity, and risk management capabilities, and introduce more mature institutional-level market standards to provide individual investors and institutional clients with a more stable and efficient cross-market trading experience, continuously enhancing the comprehensive competitiveness of its Universal Exchange (UEX).

first_img Wyoming stablecoin adopts Chainlink reserve proof, FRNT circulation is less than one million coins

On September 2, the Wyoming Stable Token Committee announced the adoption of Chainlink Proof of Reserve as the exclusive on-chain reserve verification layer for the Frontier Stable Token (FRNT), with reserves and supply balances audited by The Network Firm published to on-chain readable feeds. The current scale available for verification is not large: according to CoinGecko data, the total supply of FRNT is 967,900 tokens, with a unit price of approximately $0.99884, which only accounts for about 0.2% of the base scenario estimate (508.7 million tokens) submitted by the committee to the state legislature's budget meeting materials; the 24-hour trading volume is $160, all occurring on Kraken.The announcement separates the two products, with only Proof of Reserve currently online. The Proof of Reserve Secure Mint component, which programmatically prevents minting when reserves cannot cover total supply, is said by the committee to still be in the "adoption process." The committee previously published daily proofs on its official website, and this adjustment changes the method of data delivery rather than the update frequency. Committee Executive Director Anthony Apollo stated that adopting Chainlink's reserve proof provides transparent and verifiable confirmation that FRNT is fully backed by high-quality reserve assets; Chainlink Labs Chief Business Officer Johann Eid remarked that this demonstrates that governments can utilize the Chainlink platform to put trustworthy, fully verifiable on-chain financial infrastructure into production.

first_img Doppler Finance has launched its native token XDP, with a total supply of 10 billion

Doppler Finance announced the launch of the native utility and governance token XDP, serving as the protocol coordination layer, supporting user participation, decentralized governance, and ecological growth. XDP is designed around three main functions: protocol privileges, governance, and future security modules. Users can stake XDP to gain access to premium vaults and strategies, priority for new products, and eligibility to participate in ecological activities; staking details will be announced separately.In terms of governance, XDP holders can participate in decisions regarding protocol parameters, ecological incentive budgets, vault plans, and future functionalities. The security module is planned to be launched in subsequent phases, where eligible users can configure their staked XDP into a coverage pool, assuming corresponding risks to earn additional incentives. The total supply of XDP is 10 billion, with over half allocated to ecological development, vaults, partners, and community growth, while contributors and investors have longer lock-up and vesting arrangements.The XDP genesis airdrop accounts for 1.0%, which will be fully unlocked for early users, contributors, and supporters at TGE; an additional 43% is allocated for ecology and incentives, to support subsequent Doppler Points seasons, XDP staking, and other community programs. The official contract address will only be published through official Doppler channels, and users should be wary of third-party information, phishing websites, and any requests for funds or private keys.
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