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The Chairman of the SEC, Paul S. Atkins, announced the remarks from the roundtable meeting, commenting that the SEC is advancing preparations to expand 24-hour trading in the U.S. stock market. Extending trading hours is expected to allow investors to respond to market events more promptly, increase global market participation, and enhance liquidity.Paul S. Atkins pointed out that the DTCC has currently launched the "23×5" trading capture system to support clearing and settlement. The industry has also established overnight price ranges and related risk control requirements for trading centers. The Securities Information Processor (SIP) is also preparing to release overnight price information, while tokenization is expected to help the securities industry achieve real-time inventory management, improve efficiency, reduce settlement failures, and lower the risk of naked short selling.

According to The Wall Street Journal, AI computing infrastructure startup Crusoe has completed a $3.9 billion Series F funding round, with a post-money valuation of approximately $30.9 billion. This round of financing was co-led by Atreides Management, Valor Equity Partners, and Mubadala Investment, with participation from Founders Fund, TPG, and the Qatar Investment Authority (QIA).Founded in 2018, Crusoe initially provided services for cryptocurrency miners and later shifted to AI computing infrastructure. It spent two years building a large AI data center in Abilene, Texas, to provide computing power for OpenAI and Microsoft. The company is currently transitioning to producing compact data centers named "Spark," loading prefabricated facilities onto trucks and deploying them to locations with excess power to more quickly meet the demand for AI inference computing power.

Former client manager Lin Junxian of China Construction Bank (Asia) Co., Ltd. admitted to conspiring with an employee of a fintech company and his accomplices to accept bribes, totaling over 470,000 US dollars in cryptocurrency "Tether," to illegally certify multiple false documents without bank authorization, serving as collateral for several insurance-related investment transactions.An internal investigation by China Construction Bank (Asia) uncovered the incident, which subsequently led to a corruption complaint to the Independent Commission Against Corruption (ICAC) and provided full assistance. Judge Lin Jin Hong postponed the sentencing of the case to September 18, during which the defendant remains in custody under the supervision of the Correctional Services Department.

According to Fortune magazine, the blockchain private credit management platform Tare has completed a $13.25 million seed round financing, led by Blockchain Capital, with participation from Janus Henderson, Strobe Ventures, the Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Individual investors include Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern.The funds will be used to build and expand loan management software, hire staff, and obtain the necessary licenses for its loan department Tare Credit LLC to operate nationwide.Tare was co-founded by Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, and plans to build software on the Avalanche blockchain to create digital records for loans and automate the management of related administrative tasks. Miao stated that the difference between the interest paid by borrowers and the returns received by investors is often absorbed by intermediaries, and the blockchain system can automate operational tasks and eliminate additional costs.

According to the official announcement, Bitget has launched the ETF Wealth Management Zone, featuring five selected US stock ETFs in its first phase: SPY (S&P 500 ETF), IWM (Russell 2000 ETF), TLT (US Long-Term Treasury ETF), EWY (Korean Market ETF), and SOXX (Semiconductor ETF), covering themes such as broad US stocks, US dollar long bonds, and core technology.Through this zone, users can invest in a basket of assets without having to select individual stocks, allowing for a one-stop layout of global core assets and popular sectors. Additionally, the ETF assets (rToken) in the zone support flexible trading 24/7 and can be used as collateral, further enhancing capital efficiency.Currently, the zone page has intuitively integrated core data such as the yield, historical dividends, and holdings composition of each ETF. Users can visit the Bitget App and enter through "Wealth Management Overview → RWA → ETF Wealth Management" to experience it.

Cryptocurrency exchange Binance has launched a wealth management service, providing users access to 11 U.S.-listed exchange-traded funds (ETFs) that focus on short-term U.S. Treasury bonds and investment-grade bonds. The new Binance Earn product categorizes the ETFs into three types based on investment duration (ranging from less than six months to over a year): cash management, stable income, and enhanced yield.Users can browse available ETFs and place orders through Binance Earn, with the purchasing process completed via the exchange's stock trading service. Binance states that investors can receive economic benefits from the stocks, including price fluctuations and cash dividends. Unlike tokenized stocks, users purchase actual ETF shares through this service. Binance provides the interface, while Nest Trading routes orders to Alpaca Securities for trade execution and securities custody.This wealth management service is Binance's latest initiative to expand its traditional financial business. Earlier this month, the exchange added physical delivery options for over 1,000 U.S. stocks and ETFs, with its existing stock products already covering more than 7,000 stocks and ETFs. A survey by PwC last year showed that over 80% of respondents believe tokenization will enhance the global coverage and 24/7 accessibility of the ETF market within the next three years.

According to a report by Sina Finance, Lin Junxian, a former client manager of China Construction Bank (Asia) Corporation Limited, admitted to conspiring with an employee of a financial technology company and his accomplices to accept bribes, totaling over 470,000 US dollars in cryptocurrency "Tether." They illegally certified multiple false documents without the bank's authorization to secure several insurance-related investment transactions.An internal investigation by China Construction Bank (Asia) uncovered the incident, which was subsequently reported to the Independent Commission Against Corruption (ICAC) along with full cooperation. Judge Lin Jianhong has postponed the sentencing of the case to September 18, during which the defendant will remain in custody under the Correctional Services Department.

a16z partner Josh Elman stated: Product management is about storytelling. His career began at RealNetworks as an engineer, responsible for the product and engineering team of RealPlayer, which had hundreds of millions of users at the time. When he applied to LinkedIn, he was interviewed by Reid Hoffman, who asked what the product manager's product was. He initially answered "specifications," but later admitted that was the wrong answer; the real product is the story that people can share without him being present. During his time at LinkedIn, he wrote a 120-page specification document.Elman stated that AI has collapsed production costs and reversed the development cycle, from specifications and scope to building and experience. First, quickly build prototypes with AI to see how they feel; prototypes are better than assumptions, then design and release. Demonstrations are almost free, while working products are not; deciding what to build is a matter of impactful debate. Vision is purpose, core actions, and cycles; one should ask people if they truly use the product, and guiding is the most important moment of storytelling.

The Shanghai Financial Regulatory Bureau issued opinions on promoting the quality and efficiency of technology finance in Shanghai's banking and insurance industries. This includes leveraging new technologies such as artificial intelligence to innovate and empower technology finance, encouraging qualified financial institutions to build enterprise-level artificial intelligence platforms, and comprehensively utilizing digital technologies such as big data, blockchain, the Internet of Things, and quantum computing to empower product research and development, business decision-making, risk management, and other aspects, thereby enhancing the intelligent operation level of technology finance.Support financial institutions in strengthening the innovation of technology enterprise evaluation mechanisms, shifting from a traditional focus on financial indicators to an emphasis on innovation capabilities, relying on databases in the field of technology finance, making good use of "Shanghai Science Points," and constructing a dedicated evaluation system for technology finance to accurately portray technology talents and technology-based enterprises, accelerating the development of suitable technology finance products.

The U.S. Commodity Futures Trading Commission (CFTC) stated that fund managers reduced their net long positions in S&P 500 futures to the lowest level since last week.

According to Bloomberg, U.S. regulators released a statement on Friday announcing a proposed guideline on third-party risk management for banks. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration stated that the proposal aims to help banks and credit unions "better align and customize their third-party risk management practices to match the risks of various third-party relationships."Federal Reserve staff indicated in a memorandum that as this plan is introduced, banks are increasingly outsourcing certain functions and relying on third-party relationships to improve efficiency and reduce costs. The plan will be open for public comment, is non-binding, and aims to focus institutions' regulatory attention on a principles-based approach to such risks. Federal Reserve Governor Barr opposed the proposal, citing concerns about the standards for "significant financial risks."

Japan-listed Bitcoin treasury company Metaplanet announced the establishment of a wholly-owned subsidiary, Metaplanet Asset Management Asia Limited, as the group's trading execution and asset management hub in the Asia region, with an initial investment of 1 million USD, expected to be established in September 2026.The company will operate in coordination with Metaplanet Asset Management Inc. (MAM), which was previously established in Miami, USA, primarily responsible for trading execution and risk management operations such as position and market dynamics monitoring during the Asian trading hours, focusing on investment targets including Bitcoin, Bitcoin-related stocks, and preferred securities issued by Bitcoin treasury companies. This move is part of Metaplanet's strategy to advance the "Project Nova" Bitcoin financial platform, and the company expects this matter to have a slight impact on the consolidated performance for the period ending December 2026.

Grok, the AI assistant under xAI, posted on X that it is now available for trading and managing portfolios on Coinbase.After users add the Coinbase connector, they can directly ask Grok to check balances, analyze data, and place or cancel trades for any available assets in the chat.

According to Wealth Management, AI wealth management company Savvy Wealth announced the completion of a $100 million Series C financing, with a valuation rising to $600 million. Halo Fund led the investment, with existing investors such as Thrive Capital, Industry Ventures, and Index Ventures participating. So far, its total financing has exceeded $200 million.Savvy Wealth's AI wealth management platform, Savvy Intelligence, utilizes large language models from OpenAI and Anthropic to train AI agents, supporting the integration of investment, tax, and financial planning data, and simplifying the wealth management process through AI. The new funds will primarily be used to expand the development of software products aimed at wealth advisors.

Bitcoin News posted on the X platform that Alby confirmed a critical vulnerability exists in Alby Hub v1.7.0 to v1.18.5. If the management API is exposed to the public network, attackers may gain unauthorized access and transfer funds. Currently, it is known that 1 user has been affected, and Alby Hub v1.19.0 and higher versions are not affected.Alby recommends that affected users restrict public access to the management interface, immediately update to v1.24.0, and change the unlock password after the update. Multiple issues reported by Bitcoin Team Red, Project Loupe, and other researchers have also been fixed in the latest version.

According to Japan's Sankei Shimbun, "Saint Seiya" author Masami Kurumada has sued his former manager and their relatives and acquaintances, accusing them of misappropriating approximately 4.68 billion yen from Kurumada Productions and two other companies over a period of about six years through company account transfers and withholding copyright fees, among other methods. Some of the funds are reportedly used for investing in cryptocurrencies.The related incident was exposed during a tax investigation by the Tokyo National Tax Agency in 2024, with approximately 1.8 billion yen already recovered. Masami Kurumada is now seeking compensation of about 2.89 billion yen from the Tokyo District Court.

According to BBX data, global listed companies and leading financial institutions have disclosed the latest developments in digital asset management scale, quarterly earnings performance, and crypto clearing infrastructure in recent days. The core information is as follows:New Fire Group (01611.HK) asset management and trading volume hit a record high, AUM surpassed 2 billion HKD: Hong Kong-listed company New Fire Group disclosed its operating data for August. The group's private banking-level digital asset custodian Bitfire Premium successfully surpassed 200 million USD in asset management scale (AUM), a month-on-month increase of about 30%. The total asset management scale of New Fire Group's global market (including the Japanese site BitTrade) has officially surpassed 2 billion HKD. In addition, the platform's trading volume has exceeded 100 million USD for the second consecutive month, and the over-the-counter (OTC) business continues to expand, currently ranking among the major OTC digital asset trading platforms in Hong Kong.Amber (NASDAQ: AMBR) Q2 revenue 13.9 million USD, turning a profit: Nasdaq-listed company Amber announced its unaudited financial performance for the second quarter of 2026. The company's total revenue for Q2 reached 13.9 million USD, a significant month-on-month increase of 38.8%, with gross margin significantly improved to 79.5%. As a result, its operating income and adjusted EBITDA both turned positive, completely reversing the loss situation of the previous quarter.Digital bank SoFi partners with Kraken to enable 24/7 USD settlement and liquidity: Digital bank SoFi has reached a strategic cooperation with the well-known crypto exchange Kraken. Kraken's parent company Payward will officially join SoFi's USD settlement network "SEN," allowing its institutional clients to break the limitations of traditional bank operating hours, transferring USD and managing liquidity around the clock; at the same time, Kraken will launch the stablecoin SoFi USD issued by SoFi, while SoFi will introduce Kraken Prime as an additional underlying liquidity source for its clients' cryptocurrency trading.Bank-led digital currency network Cari completes 32.5 million USD financing: The digital currency network Cari, designed specifically for the banking industry, announced the completion of a 32.5 million USD first round of external financing. This round of funding comes entirely from traditional banking institutions, including First Horizon Bank, Huntington Bank, Key Bank, M&T Bank, Old National Bank, SouthState Bank, and Glacier Bank. Cari aims to help regional, mid-sized, and community banks fully participate in and establish compliant digital currency infrastructure.