equ

The People's Bank of China today reiterated in its financial education campaign that virtual currencies such as Bitcoin, Ethereum, and Tether do not have legal tender status and cannot be used for currency circulation; conducting virtual currency-related businesses within the country is considered illegal financial activity and is strictly prohibited.The People's Bank of China stated that without the consent of relevant authorities, domestic entities and their controlled overseas entities are not allowed to issue virtual currencies abroad, and no units or individuals, whether domestic or foreign, are permitted to issue stablecoins pegged to the Renminbi abroad. The People's Bank reminds the public not to participate in virtual currency issuance, trading, investment, or mining activities, to be wary of high-yield investment scams, and to avoid renting out bank cards, payment accounts, or participating in virtual currencies.In addition, the People's Bank advises caution against virtual currency investment products and trading platforms that claim "guaranteed profits" or "high interest"; not to participate in virtual currency issuance, trading, investment, or "mining" activities; not to join communities promoting virtual currency activities, not to click on links containing overseas virtual currency trading platforms, or download related apps; not to lend or rent out bank cards or payment accounts, not to buy or sell virtual currencies "on behalf of others" as instructed, and not to act as "drivers," "currency dealers," or "U merchants"; and to report any clues related to virtual currency business activities to the relevant regulatory authorities in a timely manner.

According to the 8-K document submitted by Circle Internet Group to the U.S. SEC, a subsidiary of Circle signed an agreement with Binance on September 17, 2026, to expand their strategic cooperation in promoting USDC. At the same time, Binance subscribed to 1,237,011 shares of Circle Class A common stock at a price of $80.84 per share, totaling an investment of $100 million. This price reflects a discount compared to the market price prior to the signing of the subscription agreement.Under the agreement, Circle will pay Binance a monthly incentive fee, calculated as a percentage of the amount of USDC held through Circle's modular smart contract wallet infrastructure service, while Binance will carry out additional promotional activities for USDC on its platform. The agreement has a term of five years, and either party may unilaterally terminate it upon the occurrence of specific events. The new agreement replaces the previous agreements from November 2024 and August 2025.The subscribed shares are issued through a private placement and are not registered under the Securities Act. Binance agrees not to directly or indirectly sell, transfer, pledge, or hedge such shares from the date of delivery until the second anniversary or before the termination of the commercial arrangement, while retaining voting rights and subject to several customary exceptions.

According to Bitcoin.com, the developers of Bitcoin BLAKE2b plan to restrict miners from unlocking newly mined tokens, with a waiting period set at 45 days. The relevant changes are scheduled to be implemented at block height 973440.This chain was forked from Bitcoin on August 8. Its native token BTCB2 is also labeled by some trading platforms as Bitcoin BLAKE2b, Bitcoin BIP-110, or XBT.BTCB2 has dropped 84% from its September peak of $1799, with recent trading prices around $270 to $315. Developer Luke Dashjr stated that some BLAKE2b mining pools are "attacking" the network. After the fork, the chain continued to use Bitcoin's difficulty, mining only about 8 blocks in the first 22 days, and then resumed operation by enabling BLAKE2b hashing and adjusting the difficulty.Currently, this chain is not listed on most trading platforms, nor on CoinGecko or CoinMarketCap. The trading platform Neoxa has expressed support for the upcoming soft fork.

Recently, the market has reported that Apple is developing an enterprise-level AI server, possibly equipped with 2 to 4 unreleased M8 Ultra processors. The target customers include AI developers, large enterprises, and government agencies, primarily for AI inference. This edge data center may utilize NVLink. Both Apple and NVIDIA have not responded.The supply chain believes that Apple has entered this related business because the Mac series is widely used as personal AI workstations, with Mac revenue growing nearly 30% in the last quarter. Apple is purchasing a large number of NVIDIA chips and Google TPUs for its own AI data center and is rumored to be collaborating with Broadcom to develop its own AI chips. Qualcomm's Dragonfly product line includes a complete cabinet solution for edge AI inference.There are reports that Xiaomi is laying out an edge AI cabinet route, having previously announced a personalized AI workstation concept product called AI Cube, which internally features three self-developed chips: Xuan Ring O3, O100, and D100. The supply chain has also indicated that TSMC plays a key role in advanced processes or advanced packaging.

According to CryptoSlate, the European Commission in item 66 of the MiCA review document inquired whether the current staking regulations in Europe are sufficient; if not, new requirements may be imposed on companies.Analysis suggests that overly strict rules could weaken staking yields and impact network security.

U.S. Republican Senator and Wyoming Federal Senator Cynthia Lummis stated: The Democrats had previously requested that any cryptocurrency project raising more than $25 million from the public provide audited financial statements, and this requirement has been written into the bill.Lummis noted that the Democrats voted against the transparency they had requested. Lummis has served as a Federal Senator from Wyoming since 2021, having previously served as a member of the U.S. House of Representatives from 2009 to 2017.

Argentinian cryptocurrency exchange Lemon announced that it will cease operations in Brazil due to excessively high regulatory capital requirements. The platform will stop Lemon Card services on September 30 and will automatically close all Brazilian accounts on October 16. Lemon stated that applying for the cryptocurrency business license required by the Brazilian central bank necessitates locking in a large amount of capital, which is disproportionate to its local business scale, and therefore decided to withdraw.

According to official news, the AIA Ecosystem Fund announced four updates to the AIA ecosystem, including the official launch of products, alignment of token and equity value, execution of token burn and unlock as planned, and the invalidation of unallocated tokens for dismissed members.In terms of products, the AI Token Smart Router under DeAgentAI was officially launched to the public today, providing unified access to DeAgentAI's proprietary models and 38 mainstream third-party models, supporting model routing, API calls, and usage measurement. Since the internal testing, the platform has served 8 top domestic and international large model clients, processing over 54 million external model calls, with monthly revenue exceeding one million dollars.Regarding the alignment of token and equity value, the AIA Ecosystem Fund stated that all revenue generated from products and business lines under DeAgentAI, as well as related intellectual property and value, will exclusively belong to the foundation and be governed by $AIA holders, with equity investors no longer entitled to residual cash flow. Additionally, the previously disclosed buyback has been fully completed, and the repurchased tokens will be burned as planned.The AIA Ecosystem Fund also stated that the one-year lock-up period for investors, team members, and advisors has ended, entering a three-year linear release period, consistent with the arrangements disclosed at launch; community, ecosystem, and staking shares will still be executed according to the original schedule.The shares of former employees who left normally will be distributed as agreed, but some former team members previously engaged in serious illegal activities. The AIA Ecosystem Fund clearly stated a zero-tolerance policy for any actions that harm the interests of the project and community. Any team member dismissed due to misconduct or harm to project interests will have their unallocated $AIA immediately invalidated, and the company reserves the right to pursue criminal liability.

CryptoQuant analyst Darkfost stated that Bitcoin is currently operating above the "active supply cost basis" of $71,300, which represents the average cost of BTC actually circulating in the market and may form significant support.On the other hand, the "capital input cost basis" of $79,800 constitutes resistance, as BTC has previously faced obstacles at this level, with some loss-making positions choosing to exit after approaching breakeven.

According to Fortune magazine, the American enterprise AI startup Arcee AI has completed a $150 million Series B funding round, with a pre-money valuation of $1 billion. This round was led by Vista Equity Partners, Cambium Capital, and Emergence Capital, with participation from Microsoft's M12, AI10 Ventures, Hitachi, IAG, P7, and Wipro.Arcee did not disclose the specific amount, but insiders say it is at least $150 million. Founded in 2023, Arcee initially focused on fine-tuning and optimizing existing models, later shifting to building open-weight models from scratch. Its founder, Mark McQuade, was an early employee at Hugging Face. The funds will be used to develop new open-weight models and products, expand collaboration with the U.S. Department of Energy, and work with Vista's portfolio companies.

U.S. Vice President JD Vance stated at the All-In Summit that U.S. AI data centers are facing increasing opposition, largely because the power supply has not kept up. Residents see data centers being built continuously while their electricity bills are rising, which naturally leads to backlash. He believes the solution is not to build fewer data centers but to increase power generation capacity accordingly.Vance mentioned that the U.S. has not built enough power facilities in the past generation, and in the future, it should pursue a state where "electricity is so cheap that it doesn't need to be metered." He also compared this to China, arguing that the slow growth of power generation in the U.S. in recent years has already affected the development of new industries like AI. "So cheap that it doesn't need to be metered" is an old slogan from the history of U.S. nuclear energy. In 1954, Lewis Strauss, the chairman of the U.S. Atomic Energy Commission, used it to describe the era of cheap electricity brought by atomic energy.The IEA estimates that data centers will contribute to about half of the new electricity demand in the U.S. by 2025; the U.S. Congress is also advancing legislation this week to try to prevent the costs of expanding data centers from being passed on to ordinary households.

Zhiyu (02513.HK) stated in a conference call with analysts and investors that the company has just completed a refinancing of $5 billion with a "small equity, large debt" structure, which was driven by the demand for computing power expansion.After the release of GLM-5 in February, the demand for model calls surged tenfold, and nearly all of the company's computing power reserves were depleted within the week of the release, forcing the suspension of the main product, Coding plan. In response, Zhiyu actively addressed the situation, completing a $4 billion refinancing in July, and finally made a large-scale layout for computing power expansion; after refinancing another $5 billion on September 11, it firmly continued to expand its computing power layout.After this expansion, Zhiyu's computing power has taken shape and is now able to support the company's rapid business growth and the continuous research and development of larger-scale models.

According to Bloomberg, AI marketing startup Profound has completed a $180 million Series D funding round, with a post-money valuation of $1.8 billion. This round was led by Sequoia Capital and Kleiner Perkins.Profound was founded in 2024, has raised over $335 million in total funding, and is headquartered in New York. It primarily helps brands adapt to the trend of users initiating searches through AI chatbots like OpenAI ChatGPT and Google Gemini instead of traditional search engines. Its software can track the frequency of brand mentions, the contexts in which they appear, and the ways they are described across various AI models.

According to Electronic News on September 15, China's largest NAND flash memory manufacturer Yangtze Memory Technologies Corp (YMTC) has begun the connection work for production equipment at its third factory (FAB3) in Wuhan, with initial production expected to gradually become visible by the end of the year.China Electronics System Engineering Second Construction Co., Ltd. recently selected a construction company for the "Gas Segment 3" of the "Wuhan YMTC FAB3 Secondary Piping Segment B General Contracting Project." This project will connect the factory's existing gas, water, and other utility supply networks to various production equipment. The bidding conditions require experience in construction projects related to YMTC or Changxin Memory Technologies, or equivalent scale 12-inch semiconductor factories.YMTC's Wuhan Factory 3 is expected to begin initial production by the end of this year, with a capacity of approximately 100,000 12-inch wafers per month when fully operational. According to Counterpoint Research, YMTC's global NAND bit shipment share in the second quarter of this year reached 14%, rising to third in the world, with Samsung Electronics at 25% in first place and SK Hynix at 22% in second.

According to a report by Reuters, U.S. Senate negotiators are discussing legislation that would require artificial intelligence companies to demonstrate that they are taking reasonable precautions to prevent their tools from causing harm. The proposal aims to grant the U.S. Secretary of Commerce the authority to require developers to provide proof of reasonable steps taken to prevent harm, referred to as "duty of care," and to authorize the dispatch of government auditors to test relevant products. Reuters was unable to immediately determine what constitutes "reasonable," and the related legislation is still under discussion.Even if Congress passes the measure, its prospects of becoming law still face significant resistance. U.S. President Donald Trump stated on Monday that existing authorities are sufficient to regulate and prosecute technology companies, suggesting that he would not sign a bill that sets new rules for artificial intelligence. Senate Majority Leader John Thune, Senate Commerce Committee Chairman Ted Cruz, and Democratic Senator Amy Klobuchar, who is involved in the negotiations, are discussing the proposal. Thune told reporters on Monday that Congress could set safeguards against more significant threats without compromising the U.S.'s leading position in the artificial intelligence race.Klobuchar stated in a statement that she is continuing to push for bipartisan legislation to oversee the greatest risks posed by artificial intelligence models, including requiring developers to work with government experts to validate and test models to ensure safety. Senior Democratic member of the Commerce Committee Maria Cantwell is also involved in the discussions. Reuters reported on Friday that negotiators are also discussing the possibility that if the government determines that certain artificial intelligence models are unsafe and wishes to prevent their release, it could be brought to federal court, where companies could challenge that decision. The portion of the measure involving federal courts would also prevent states from enforcing their own laws regarding specific risks associated with artificial intelligence models.

According to Cointelegraph, the European Union's Cyber Resilience Act (CRA) officially came into effect on September 11, requiring cryptocurrency hardware and software wallet providers to submit early warning reports within 24 hours upon discovering actively exploited vulnerabilities or serious security flaws, and to submit complete notifications within 72 hours. Manufacturers must also submit final reports within 14 days after taking corrective or mitigating measures, while serious incidents must be reported within one month.The European Commission stated that the new reporting requirements aim to better protect consumers and businesses from cyber threats, applicable to all "products with digital elements" sold in the EU market, and are built upon the EU's broader cybersecurity strategy. According to the penalty provisions of the final draft, companies that fail to comply with Articles 13 and 14 may face administrative fines of up to €15 million (approximately $17.3 million) or 2.5% of their global annual turnover, whichever is higher; providing incorrect, incomplete, or misleading information may also incur fines of up to €5 million.Before the implementation of this measure, several hardware wallet manufacturers recently disclosed incidents of user data breaches. On September 4, Trezor revealed that a data breach involving its logistics provider ShipMonk affected approximately 67,000 U.S. customers, exceeding the initial estimate of 14,000; this week, Trezor and BitBox also warned users to be cautious of phishing emails disguised as urgent security notifications. In June, the Layer-1 blockchain network Zilliqa warned of vulnerabilities in its Ledger application, where attackers could exploit publicly available on-chain data to recover user private keys.

The final rules from the Central Bank of Brazil for Virtual Asset Service Providers (VASP) set the minimum capital requirement based on business and risk at approximately 10.8 million to 37.2 million Brazilian Reais (approximately 2.11 million to 7.2 million US dollars), significantly higher than the 1 million to 3 million Brazilian Reais range (approximately 195,000 to 586,000 US dollars) in the consultation draft, and adds requirements for governance, internal controls, anti-money laundering, auditing, and ongoing reporting.Industry estimates suggest there are currently about 150 to 300 related companies, with around 20 to 25 meeting the conditions or willing to apply, and ultimately only about 10 may obtain licenses. Some small platforms have ended or restructured their retail operations.

According to The Defiant, Daniele Sesta announced the deployment of the self-developed automated market maker Equilibra on the Robinhood Chain, stating that the product belongs to the HeyAnon project token ANON.Driven by this, the price of ANON surged approximately 220% within 24 hours, rising from $0.2159 to $1 at one point, currently around $0.6967, with a trading volume of $3.2 million, about 15 times that of the previous day. ANON's circulating market cap is approximately $10.7 million, with a circulating supply of 15.3 million tokens and a total supply cap of 21 million tokens. Its main liquidity is concentrated on decentralized trading platforms such as Ethereum's Uniswap V3 and Solana's Raydium, and it is also listed on centralized exchanges like MEXC, Gate, and KCEX.

The new regulations from the Central Bank of Brazil require virtual asset service providers to meet compliance requirements related to capital, auditing, anti-money laundering, and ongoing reporting, with capital requirements reaching up to 37.2 million reais, approximately 7.2 million US dollars. Currently, among about 300 related institutions, only 20 to 25 may meet the conditions to apply for authorization, and it is expected that only 10 will obtain licenses.Some small platforms have ended or restructured their retail operations, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute their decisions to the new regulations. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some businesses may struggle to maintain operations. Related institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers.Isabel Longhi, Head of Public and Regulatory Policy for Ripple Latin America, stated that market consolidation is expected to occur as the Brazilian crypto market matures, but the new regulations will limit innovation in the short term.