eco

According to Cointelegraph, Hashkey has joined the Digital Asset Advisory Working Group of the Depository Trust & Clearing Corporation (DTCC), becoming the first Asian digital asset service provider to join this working group.DTCC is a core post-trade infrastructure provider for global financial markets, and this working group brings together over 100 global financial institutions and asset management companies, including JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange, to jointly define the issuance, settlement, and custody standards for institutional-grade tokenized assets.DTCC plans to launch tokenized securities services in October. Previously, the U.S. Securities and Exchange Commission (SEC) issued a no-action letter to a DTCC subsidiary in December, allowing it to provide tokenization services for the securities market.SEC Chairman Paul Atkins stated that the approval of this pilot is just the beginning, and the SEC will consider innovation exemptions to help builders promote the on-chain transformation of the market without bearing cumbersome regulatory requirements. Atkins first proposed the idea of tokenization innovation exemptions at the DeFi roundtable on June 9.

According to The Block, the Wyoming Stablecoin Committee announced the adoption of Chainlink Proof of Reserve to provide near real-time on-chain reserve verification for the state’s official stablecoin, Frontier Stable Token (FRNT). This follows the migration of cross-chain infrastructure from LayerZero to Chainlink CCIP, further establishing it as the sole on-chain asset verification infrastructure.The auditing firm The Network Firm will review the reserves and token supply of FRNT according to the standards of the American Institute of Certified Public Accountants (AICPA). The verification data will be recorded on-chain via Chainlink, reducing information gaps between reporting periods.The committee will also introduce the Chainlink Proof of Reserve Secure Mint mechanism, requiring that verified reserves must be no less than the total supply of FRNT for any minting to occur, in order to prevent risks associated with "unlimited minting." FRNT is fully backed by reserves of U.S. dollars and short-term U.S. Treasury securities, with related earnings used to diversify state finances and support local education funds.

U.S. Treasury Secretary Blinken stated that they are communicating with any parties supporting Iran, warning airlines, shipping companies, and digital asset stakeholders that they may become targets of a new round of sanctions.He mentioned that the U.S. will systematically "remove bad actors" concerning the Iran issue and advise all parties to steer clear of related transactions and cooperation regarding Iran and Russia, emphasizing that support should not be provided to the aforementioned regimes.

Elon Musk, CEO of Tesla and SpaceX, stated via video link at the G20 summit held in Asheville, North Carolina, on Tuesday that the productivity improvements brought by AI are already evident, and robotics technology will further push productivity to new heights. He predicts that AI could increase the global economy's scale by 20% to 30%, adding approximately $20 trillion to $30 trillion to annual economic output.Musk forecasts that the number of humanoid robots worldwide will reach 1 billion within the next decade, with these robots producing at least five times more than humans. The widespread application of humanoid robots could expand the global economy's scale by more than tenfold. He also predicts that by the end of next year, AI will be able to handle almost all digital tasks that do not involve changing the real physical world, with AI software reaching Stockfish levels, making it impossible for humans to compete in software development. He expects that within 12 to 18 months, AI will excel in all forms of engineering and digital work.As Musk made these remarks, SpaceX is ramping up its investment in AI. SpaceX's AI business generated $2.6 billion in revenue in the second quarter, a year-on-year increase of 247%. The company invested $15.8 billion in AI infrastructure in the second quarter, primarily for the expansion of the Colossus II data center, accounting for about 86% of total capital expenditures. Recently, SpaceX acquired the AI programming platform Cursor for $60 billion and released its latest AI model, Grok 4.6.

According to market news, Uniswap has just welcomed its two highest trading days in history. In just one day yesterday, Uniswap's number of trades exceeded 7 million.

According to monitoring by Catcher Predict, in the event "US Open WTA: Kasatkina vs. Badosa" on the prediction market Polymarket, the option "Kasatkina" in the sub-market "Second Set Winner" has experienced a dramatic fluctuation in winning probability, dropping from 55% an hour ago to the current 15% (a fluctuation of 40%). Please note the impact of relevant breaking news.

According to DefiLlama data, Gate had a net capital inflow of over 60.69 million USD in 24 hours, ranking second globally among centralized exchanges.

The Monetary Authority of Singapore (MAS) has proposed amendments to the Payment Services Act, requiring stablecoin issuers to always hold at least 100% of the circulating tokens in equivalent assets as reserves, which must be segregated from the issuer's own funds and only held with licensed financial institutions.The proposal also prohibits issuers from paying interest or other yields linked to stablecoin holdings to holders, on the grounds that stablecoins are intended for payments rather than investment or yield generation. This stance is consistent with the U.S. GENIUS Act and the EU MiCA regulation. The consultation also considers limited recognition for foreign stablecoins regulated under equivalent overseas frameworks. The consultation closes on October 16, and the implementation date has not yet been announced.MAS Deputy Managing Director Ho Hern Shin stated that trusted and well-regulated stablecoins can serve as reliable settlement assets in the tokenized financial market, while reducing risks for users and the broader financial system.

The Block's investigation shows that on the social trading app Fomo and Robinhood's self-custody wallet Robinhood Wallet, users can directly purchase Memecoin using credit cards via Apple Pay or Google Pay without completing a separate KYC identity verification. Transactions can also accumulate points or cash back rewards as normal credit card rewards. The media tested the purchase of WIF, and transactions on the Visa and Mastercard networks were classified under merchant category code MCC 5815 (digital goods media), rather than the cryptocurrency asset categories MCC 6012 or 6051 as stipulated by card organization rules, which typically come with crypto tags and do not earn rewards.These transactions are supported by the Token Checkout product from the crypto infrastructure company Crossmint. Crossmint insists that this classification is appropriate, citing the joint guidance released by the SEC and CFTC in March of this year, which views certain Memecoins like WIF as "digital collectibles." However, Chase stated that the Visa transaction was not marked as a cryptocurrency purchase and that the classification was incorrect, and they have initiated a case review with Visa; the New York Attorney General's office also stated that it is reviewing the matter. Vanderbilt University law professor Yesha Yadav and other payment experts believe that the SEC's position and card organization rules represent "two completely different systems."

According to CoinDesk, the Arbitrum token ARB has risen over 30% in the past 24 hours, reaching about 11 cents, breaking through the range of 7 to 10 cents since June.According to DefiLlama data, the Ethereum Layer 2 network Robinhood Chain, launched by Robinhood on July 1, generated $1.92 million in revenue in the past 24 hours, ranking first among all blockchains, followed closely by Canton with $1.76 million, and Tron, Base, and Ethereum with $974,000, $98,000, and $75,000 respectively. The chain's cumulative revenue over 30 days is $5.92 million, with about one-third coming in the past 24 hours and more than two-thirds concentrated in the past week.Robinhood Chain uses the Arbitrum tech stack and pays directly to the Arbitrum DAO according to the Arbitrum expansion plan. Under this plan, chains that use the Arbitrum tech stack and settle to non-Arbitrum One or Nova parent chains must pay 10% of the chain's profits, with 8% going to the ArbitrumDAO treasury and 2% to the protocol developer guild. In the past 24 hours, the DAO received $175,600, with $363,000 and $532,000 received over 7 days and 30 days respectively.

According to Cointelegraph, the U.S. Department of Commerce has officially adopted Chainlink to publish core macroeconomic data on-chain, covering key indicators such as actual GDP, PCE price index, and real final sales of private domestic purchasers, marking the first deep integration of traditional government data with blockchain infrastructure.

According to CoinDesk, 21 international financial institutions have announced plans to establish a new company in the second half of 2026 to promote the issuance of stablecoins, with the specific name to be announced later. The company will initially focus on USD-denominated stablecoins and plans to expand to more G7 currencies in the future, with a priority on euro stablecoins.Participating institutions include Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, Deutsche Bank, UBS, Wells Fargo, BBVA, Santander Bank, MUFG Bank, and others. The stablecoin initiative aims to serve wholesale, institutional, and retail markets, applying to scenarios such as cross-border payments and digital asset settlements.The group stated that the stablecoin solution will combine bank-level compliance, governance, and institutional risk management capabilities, and plans to comply with relevant regulatory requirements such as the U.S. GENIUS Act and the EU MiCA. The project aims to officially launch stablecoin products in the first half of 2027.

According to The Defiant, the tokenized credit fund HINC launched by Securitize in collaboration with Neuberger is now live on the Solana lending protocol Loopscale as collateral, allowing qualified investors to borrow USDG stablecoins without redeeming their holdings. HINC was launched on August 18 on Avalanche, Ethereum, Solana, and Sui, primarily holding assets such as high-yield corporate bonds, CLO tranches, and bank loans, with a minimum subscription of $100,000 and a fee rate of 0.6%, available only to qualified investors and qualified purchasers.Mary Gooneratne, co-founder of Loopscale, stated that HINC brings a fundamentally different type of collateral to the Solana credit market, supporting actively managed high-yield strategies that indicate on-chain lending can surpass crypto-native assets and short-duration instruments. RedStone uses its Trusted Single Source Oracle standard to price HINC, publishing the manager's daily NAV in a signed, timestamped, on-chain format for protocol verification and triggering liquidation events. Loopscale currently has a TVL of approximately $91.3 million and active loans of $55.9 million, ranking 27th on DefiLlama.HINC is the third Securitize product to go live on the protocol, following Apollo's tokenized credit fund ACRED and Securitize's own publicly listed stock SECZ on the NYSE as collateral.

According to Cointelegraph, the stablecoin payment company Kast has launched the KAST Business platform, integrating features such as corporate accounts, payment cards, cross-border transfers, and stablecoin yield balances. The platform provides services through stablecoin infrastructure.Kast stated that businesses can receive payments through fiat virtual accounts provided by regulated partners, deposit supported stablecoins and crypto assets, issue virtual cards, and make local payments in over 20 currencies.The platform's services cover more than 170 countries and regions, but specific availability varies by jurisdiction. Idle balances earn an annual yield of up to 8%, and there is also a cashback of up to 3% on spending.Kast is a fintech company rather than a bank, and regulated services are provided by licensed partner institutions. Kast completed a $80 million financing in March at a valuation of $600 million, which will be used for product development, licensing acquisition, and expanding into North America, Latin America, and the Middle East markets. The company claims to currently have over 1 million users and plans to attract 1,000 to 5,000 active businesses by the end of 2026.

Solana officials stated that the Solana network processed 5.2 billion non-voting transactions in August, setting a new historical high, an increase of 19% compared to the record set in July.