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Blockchain-native fintech startup OpenReserve has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a leverage ratio of at least 12% for three years after opening; it must also commence operations within 18 months, or the approval will become invalid. The relevant deadlines are September 2027 and March 2028, respectively. OpenReserve plans to offer tokenized deposits, fund management, foreign agency services, and banking-as-a-service for institutional clients. The full-service national bank license will allow for deposit-taking and lending activities once final approval is granted.OpenReserve previously completed a $25 million seed round financing, led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures. The company intends to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but this subsidiary has not yet submitted an application to the OCC.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "US Open ATP: Botic van de Zandschulp vs Alex de Minaur," the option "Botic van de Zandschulp" in the sub-market "US Open ATP: Botic van de Zandschulp vs Alex de Minaur" has experienced a dramatic fluctuation in winning probability, soaring from 42.5% an hour ago to the current 88.5% (a fluctuation of 46%). Please note the impact of related breaking news.

According to the Dune data chart published by analyst Adam, the crypto trading terminal's single-day trading volume on September 2 exceeded $1 billion, marking the first time since January 2025. The multi-chain trading terminal GMGN contributed approximately $479.7 million, accounting for nearly half of the total $1.03 billion, of which 90.7% ($445.5 million) came from Robinhood Chain, which has been online for about two months, while its Solana chain trading volume was only $9.5 million, remaining basically unchanged from 30 days ago.Data from DefiLlama shows that GMGN's trading volume on September 2 reached $490.9 million, the third highest in history, only behind $519.2 million on October 8, 2025, and $494.9 million on October 9. The peak during the issuance of the TRUMP meme coin in January 2025 was $272.4 million. GMGN's BSC chain daily trading volume fell from $91.6 million to $29.6 million during the same period, with a cumulative trading volume of $3.02 billion over 30 days, a month-on-month increase of 21.5%; the day's fee income was $2.46 million, significantly up from $956,000 on August 26. Robinhood Chain's own DEX trading volume set a record of $1.67 billion on September 1, with a cumulative total of $20.36 billion over 30 days, a month-on-month increase of 34.9%, second only to Solana among all networks.

OpenAI has notified SpaceX that it will terminate the contract to provide models for the AI coding tool Cursor it acquired, with a suggested termination date of November 12, stating that this is the longest notice period stipulated in the contract. OpenAI expressed that the decision was difficult, as it values the widespread use of its models by developers, but due to Musk's past breaches of contract, it does not trust SpaceX to use the technology as agreed, and mentioned issues related to the use of OpenAI models during xAI training and contract problems when acquiring X.Musk stated on X that he does not care at all and referred to Sam Altman and Greg Brockman as frauds, accusing them of stealing from an open nonprofit organization. Musk was a co-founder of OpenAI but later filed a $150 billion lawsuit against OpenAI and lost due to exceeding the deadline. OpenAI had attempted to acquire Cursor's developer Anysphere but was unsuccessful, while SpaceX acquired Cursor for $60 billion, with the merger completed on August 15.Michael Truel, co-founder of Cursor and now an executive at SpaceX, stated that Cursor views the OpenAI platform as neutral infrastructure and is negotiating with OpenAI, noting that OpenAI models account for 5% of Cursor's user traffic. Tom Brown, co-founder of Anthropic, stated that they will continue to expand computing power to provide the Claude model on Cursor.

According to the Vietnam News Agency, Vietnam is piloting a regulatory framework for the cryptocurrency market to strengthen investor protection while opening up financing channels. The government’s Resolution No. 05, released in September 2025, specifies that cryptocurrencies must be backed by RWA, excluding securities and fiat currencies, and will initially be issued only to foreign investors. Currently, five companies have undergone preliminary assessments through the exchange and must meet Level 4 security requirements and contribute at least 100 trillion Vietnamese dong (approximately 383 million USD). The decree No. 284, issued in July, will impose penalties on unlicensed platform trading activities starting from September 1, and domestic investors must wait six months after the first licensed service provider receives a license from the Ministry of Finance before they can trade through licensed providers.

Numa Lunah, co-founder of the crypto project Refi Hub, stated that he was hacked after installing a transcription application using a download link provided in the Claude chat window. The link pointed to a counterfeit website and bundled malware that attempted to steal all information from his device upon execution. Numa Lunah mentioned that he cleared and reinstalled the affected laptop and found no sensitive information leaked.Subsequently, he discovered a contaminated Claude Code skill file SKILL.md in his backup, which disguised itself as a style guide written by him and contained instructions to re-download the malware and steal credentials every time it was loaded. Microsoft Defender Experts had warned that attackers had shifted from search engine optimization poisoning to large language model response poisoning, with related tactics including recommending download links controlled by attackers, AI brand impersonation installers, and contaminated code libraries and proxy skills. Crypto industry practitioners may hold irrevocable credentials such as mnemonic phrases, private key files, hot wallet JSON, exchange API keys with withdrawal permissions, and deployer keys.

According to Bitcoin News monitoring, the Criminal Assets Bureau of Ireland transferred 500 bitcoins seized from a cannabis dealer in 2021, worth $38 million.

Elon Musk responded to "OpenAI plans to end its partnership with Cursor due to Cursor being acquired by SpaceX." He stated that he "doesn't care at all" and criticized OpenAI CEO Sam Altman and co-founder Greg Brockman as untrustworthy, claiming they "stole from an open-source non-profit organization."Previously, it was reported that OpenAI plans to terminate its collaboration with Cursor, and the direct access to the model will end on November 12. The co-founder of Cursor stated that they are communicating with the OpenAI team to seek a solution.

CryptoQuant analyst Axel Adler Jr. pointed out that Bitcoin's two profit and loss indicators have reversed simultaneously in the past ten days. The 90-day realized profit and loss ratio has risen above 1 for the first time since the end of July (reaching 1.003 on August 26), and the unrealized loss ratio has decreased from 18.57% on August 16 to 7.35%, a drop of about 60%, marking the lowest level since May 11.The analyst stated that losses are no longer dominating the market, but the current readings are almost exactly at the breakeven line and need to be continuously confirmed. Historically, during the capitulation phase from 2022 to 2023, this ratio remained below 1 for 241 days, with a minimum drop to 0.368. The current loss pressure is still distant from historical deep capitulation. Both indicators show that holders' financial conditions have significantly improved compared to the low point in August, but true confirmation requires the realized profit and loss ratio to remain consistently above 1 and unrealized losses to stay low.

Bankless cites Fundstrat's view that its ten-year vision for BitMNR is to bet on Ethereum becoming the dominant chain for tokenization and AI. Fundstrat states that it has bet on Ethereum becoming the place where a large number of related activities occur, and believes its legacy lies in helping Ethereum maintain its status as the most important public chain in the future.When discussing ETH performance, Fundstrat argues that it is a very reasonable point that ETH could flip Bitcoin's native narrative; if ETH reaches $50,000, $100,000, or $200,000, the returns for shareholders will be extremely substantial.

On August 25, according to the Korea Herald, the SK Hynix union rejected the preliminary wage agreement reached with management. The preliminary agreement was voted down with 50.08% of the votes against it.Previously, the union leadership had reached this preliminary agreement with management before submitting it for a member vote.

Gannon Ken Van Dyke is an American soldier accused of using non-public information to trade event contracts related to the ousting of Venezuelan President Nicolás Maduro on the prediction market platform Polymarket, profiting over $400,000. U.S. authorities charged him with fraud in April. The Commodity Futures Trading Commission (CFTC) had previously filed a civil lawsuit against Van Dyke, but a federal judge has ruled to postpone the proceedings until the outcome of the criminal case is determined.The CFTC has applied to submit an amicus brief to express opinions on whether the event contracts fall under its regulatory scope as "swaps." Van Dyke's attorney filed documents on Monday with the U.S. District Court for the Southern District of New York opposing the CFTC's intervention in the criminal case, stating that the agency should face its own case directly. Van Dyke has pleaded not guilty to all charges, and the criminal trial may begin as early as late 2026 or early 2027.

According to Bloomberg, the cryptocurrency project World Liberty Financial, supported by the Trump family, has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter, intending to establish World Liberty Trust Company. After final approval, the institution will be able to issue and redeem the stablecoin USD1 directly, manage its reserve assets, and provide digital asset custody services.This application comes at a time when the approval process for new bank charters in the United States has significantly accelerated. OCC data shows that 22 bank charter applications have been approved in the 19 months prior to Trump's second term, exceeding the total from the previous five years, with several being fintech and digital asset companies. World Liberty Trust Company is not a traditional commercial bank and cannot accept deposits insured by the FDIC or issue traditional loans.

Cryptocurrency trader Garrett (@garrettbullish) stated that if the market further consolidates at the beginning of the week while Bitcoin's dominance continues to rise, he will be more bullish. He reminded investors to remain restrained, not to rush into increasing their positions or excessively use leverage, and to avoid operating as they did during their first cycle.Garrett mentioned that this is his fifth market cycle, and he knows how to navigate the current situation.

According to Blockworks data, Hyperliquid Builder Codes reached a nominal trading volume of approximately $989.4 million on August 21, setting a new historical high. Among this, perpetual contracts accounted for about $983.9 million, spot trading for about $5.408 million, and the result market for about $66,000. On the same day, the number of traders was approximately 39,982, and Builder revenue totaled about $781,600, also reaching a recent high.In terms of revenue contribution, MetaMask contributed about $142,600, Phantom about $114,300, Trust Wallet about $86,900, followed closely by Invo, Based, fomo, and others.

Bitcoin News posted on platform X that Matt Seigel from VanEck stated that the U.S. Treasury is increasingly financing U.S. debt through short-term Treasury bills, which currently account for 23% of tradable debt, up from the 15% to 20% range recommended by the Treasury Borrowing Advisory Committee.He noted that this makes the cost of maintaining high interest rates increasingly expensive and puts pressure on the dollar. VanEck stated that the only persistent correlation between Bitcoin and the dollar over the past 15 years has been a negative correlation. The agency believes that this dynamic ultimately points to lower real interest rates, a structurally weakened dollar, and stronger support for Bitcoin as a hedging tool.

The preliminary value of the S&P Global Composite PMI for the United States in August is 56, expected to be 53.9, and the previous value was 54.5.

According to businesswire, Bitcoin treasury company BSTR Holdings announced that it has reached an agreement with Cantor Equity Partners to terminate the business combination agreement signed by both parties on July 16, 2025.The reason for termination is that under the current market environment, the valuation of Bitcoin and publicly listed Bitcoin treasury companies continues to be under pressure, leading to a mismatch in the capital market, which restricts the amplifying effect of financing tools such as convertible bonds and perpetual preferred stocks in Bitcoin treasury strategies.BSTR stated that it will continue to promote institutional-level Bitcoin asset management business once the market environment stabilizes.

According to a report by Reuters, Tether has ceased its Bitcoin mining operations in Uruguay as of 2025. Documents and sources indicate that the project was ultimately abandoned due to a misunderstanding between Tether and the Uruguayan national electricity company UTE regarding the terms of power supply.Tether believed the contract stipulated a minimum power supply that could be adjusted, while UTE viewed it as a maximum quota that could not be exceeded.

A notional value of $1.82 billion in crypto options will expire tomorrow, of which the notional value of BTC options is $1.57 billion, with a put/call ratio of 0.65 and a maximum pain point of $66,000; the notional value of ETH options is $250 million, with a put/call ratio of 0.77 and a maximum pain point of $1,950.