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Galaxy Digital, a Nasdaq-listed digital asset company, has incorporated $100 million in Sky Protocol interest-bearing savings tokens sUSDS into its corporate treasury and included them in the collateral range for institutional business facing over 1,600 counterparties. Galaxy also purchased an undisclosed amount of SKY.Galaxy clients can use sUSDS as collateral for loans and continue to earn Sky Savings Rate yields during the loan term. The average loan size in Galaxy's institutional lending business is approximately $1.4 billion; the Sky ecosystem's Prime Agent Grove had previously provided a $500 million warehouse loan limit to it.

The U.S. Securities and Exchange Commission's Division of Corporation Finance updated its frequently asked questions document on cryptocurrency assets on Friday, clarifying that token buybacks, network upgrades, and marketing promotions do not automatically make cryptocurrency assets securities. The division stated that announcing a buyback plan for an already functioning cryptocurrency network does not, by itself, make the associated tokens constitute an investment contract; however, for networks that are not yet operational, if the issuer promotes the buyback as a source of returns for holders, this conclusion may not necessarily apply.Regarding the ongoing development issues of cryptocurrency projects after their launch, the document pointed out that once a cryptocurrency system is operational, services used to protect, maintain, improve, or enhance that system and its functions, or to promote network effects, do not fall under the managerial efforts referred to in the Howey test. The existing uses of marketing networks generally do not create profit expectations, and statements regarding future functionalities are similarly true, provided that profit potential is not promoted. The document reiterated that specific judgments still heavily depend on the actual circumstances of each case.This document is based on the interpretive guidance issued by the SEC in March of this year regarding the application of securities laws to cryptocurrency assets, released just weeks after the Clarity Act failed to advance in the Senate, with regulators continuing to operate under existing laws. Additionally, the U.S. Commodity Futures Trading Commission updated its cryptocurrency FAQs on Thursday, stating that futures companies and clearinghouses may invest customer funds in tokenized versions of previously permitted assets, provided that investment and custody requirements are met; regulated companies may use blockchain for record-keeping but must be able to provide relevant records when the blockchain or its block explorer is not operational.

The cryptocurrency exchange Bitget has migrated institutional client collateral to the over-the-counter custody solution Sygnum Protect of the Swiss crypto bank Sygnum. Client collateral is stored in Sygnum's segregated accounts and is simultaneously mapped back to Bitget for trading, reducing counterparty risk.Sygnum is a digital asset bank holding a Swiss FINMA banking license, and its Sygnum Protect service allows clients to trade on mainstream crypto exchanges while storing collateral off-chain in a bankruptcy-remote manner, supporting the selection of stable, yield-generating collateral. Bitget is the fourth trading platform to access Sygnum Protect, following Binance, Deribit, and Bybit.

According to The Block, the Solana Foundation announced the appointment of Rachel Conlan as Chief Strategy Officer and Jamal Raees as General Manager of Payment Business to expand institutional adoption and payment operations. Conlan previously worked at Binance for three years and held senior management positions at companies such as OKX; Raees comes from Polygon Labs and will be responsible for collaborating with payment companies, enterprises, and ecosystem partners to promote Solana as a global payment infrastructure.The Solana Foundation stated that this year, Solana's stablecoin trading volume has exceeded $50 trillion, the on-chain real-world assets (RWA) scale has surpassed $4.5 billion, and the supply of tokenized stocks has exceeded $620 million.

Bitwise released its first report on "Institutional Adoption of Crypto Assets," based on interviews with investment professionals responsible for crypto asset allocation at 15 large institutions. The report states that during the period from the fourth quarter of 2025 to the second quarter of 2026, the overall crypto market will retract by about 50%, but none of the interviewed institutions reduced their crypto asset allocation, and some institutions even increased their holdings.All interviewed institutions holding crypto assets possess Bitcoin, with most viewing it as a store of value and ranking it alongside gold as a hedge against fiat currency depreciation. The report also shows that the allocation of crypto assets by the interviewed institutions ranges from 0.5% to 13% of their investable assets, with most concentrated between 1% and 2%.

The report believes that if the privacy sector can capture 5% of the offshore wealth market (valued at approximately 11 to 16 trillion dollars), the market capitalization of this sector will reach 550 billion to 800 billion dollars, representing a growth potential of 18 to 27 times compared to the current approximately 30 billion dollars.Ethereum and Solana have both incorporated privacy features into their roadmaps, and a16z has also listed privacy as the most important competitive advantage for 2026.

On September 18, the Office of the Comptroller of the Currency (OCC) granted preliminary conditional approval for the establishment of Catena Trust Bank, N.A. (under construction), a financial institution aimed at AI agents.Once full approval is obtained, the bank will provide custodial digital asset custody, investment management, and trust services under OCC supervision.

Ondo announced that, starting today, approved institutions can mint Ondo Stocks using their existing shares through Alpaca's Instant Tokenization Network. This feature provides institutions with a direct path from existing stock inventories to the on-chain market and is currently live on Ethereum and BNB Chain.Institutions can mint Ondo Stocks using the underlying shares and can also redeem the tokens to reclaim the shares. This physical conversion is built on the Ondo Stocks instant liquidity model, serving as a new pathway beyond cash transactions.

DeepSeek supplements the API peak and valley billing rules. During weekends with adjusted work hours and China's statutory holidays, the entire day is charged at off-peak rates. Although September 20 is a workday due to the National Day holiday adjustment, the API still applies the off-peak price.DeepSeek implemented peak and valley pricing starting August 17, with off-peak prices set at half of peak prices. Less than a week later, all Saturdays and Sundays were changed to off-peak prices. This further clarifies the billing criteria for adjusted workdays and statutory holidays.Taking deepseek-flash as an example, for every million tokens of cache misses, the off-peak rate is 1 yuan, and the peak rate is 2 yuan; the output rates are 4 yuan and 8 yuan respectively. Another adjusted workday for the National Day holiday on October 10 is a Saturday, which will also be calculated at the off-peak price.

According to CoinDesk, Ripple stated that asset management companies and other commercial projects are preparing to use the Batch V1.1 feature of the XRP Ledger. This feature allows up to eight transactions to be combined into a single operation and ensures that all transactions either succeed or fail in an all-or-nothing manner, avoiding situations where one party completes settlement while the other fails.This upgrade is expected to support Delivery Versus Payment (DVP) transactions, allowing asset transfers and payments to be completed simultaneously, while also enabling exchanges, wallets, and market platforms to directly attach service fees to customer transactions for processing.RippleX Engineering Director Ayo Akinyele mentioned that some projects are already being developed around Batch, and once activated, it will bring related work closer to a production environment. Specific partners and launch times will be announced once plans are finalized. The amendment has received support from 30 of the 35 tracked validators on the XRP Ledger, exceeding the 28 votes required to enter the activation countdown. The countdown began on September 15, and if the validator support rate remains above 80% within 14 days, Batch V1.1 is expected to be activated shortly after September 29.Previously, researchers discovered serious flaws in the Batch V1 signature verification process in February, which could prematurely stop checking signatures under certain conditions, allowing attackers to unauthorizedly include transactions from other accounts. The developers subsequently withdrew the original version. Since the amendment had not yet been activated at that time, the vulnerability code did not run on the live ledger, and no funds were exposed.

According to on-chain analyst Yu Jin's monitoring, a certain whale/institution that has held ETH for 3 years has taken partial profits, accumulating a profit of 66.45 million dollars, with a return rate of 29%. Three years ago, this whale/institution withdrew and hoarded 112,100 ETH from Bitfinex, which was worth 227 million dollars at that time, with the ETH price around 2030 dollars.As ETH broke through 2600 dollars, it transferred 21,200 ETH from one of its addresses to Bitfinex 2 hours ago, worth 55.93 million dollars.

On September 14, blockchain intelligence company TRM Labs released a report revealing that fake YouTube tutorials lured 224 victims into deploying and funding malicious smart contracts under the guise of building AI-based crypto arbitrage bots, resulting in the theft of 274.6 ETH. TRM identified a total of 234 contracts deployed by the victims, with funds ultimately flowing into six collection addresses controlled by the operators. The stolen ETH was worth approximately $517,000 at the time of the transfer, with a median loss of 1 ETH per incident.Unlike common wallet theft attacks, this scam did not involve phishing links, spoofed domains, or malicious authorization prompts. Victims chose the tutorials themselves, copied the code, deployed the contracts, and funded them from their own wallets, with each step authorized by the victims themselves. As a result, wallet security warnings and phishing blacklists could not be triggered. TRM discovered nine nearly identical YouTube tutorials disguised as different creators, using AI-generated virtual hosts and voiceovers, promising to build fully automated crypto trading bots with Claude, and guiding victims to a compiler website controlled by the operators, some of which mimicked the commonly used Remix development environment.In one variant analyzed by TRM, a backend script would discard the source code pasted by the victims and retrieve another contract from the operator's server, with the clean code displayed on the screen never being on-chain. The replaced contract accepted deposits and transferred any balance over 0.05 ETH to the operators when the victims pressed Start or Withdraw, with no arbitrage logic or AI functionality included in the contract.

According to Decrypt, court documents unsealed in the lawsuit between The New York Times and OpenAI and Microsoft show that Microsoft employees discussed whether OpenAI's use of news articles to train its models constituted "the largest labor theft in human history," and could potentially trigger a "doom loop" that leads to a decline in model quality. A 2023 internal Microsoft memo warned that millions of people worldwide would soon view the large model's "consumption" of their works as "an unprecedented and astonishing theft," and stated that large AI models are "products that destroy their own supply chains."Microsoft stated in the documents that these memos were written by Director of Applied Science Brent Hecht and do not represent the company's views, as his role is to provide "different and asymmetric perspectives." Microsoft CEO Satya Nadella testified that "any content behind a paywall should be authorized by those who wish to use it," and stated that if he had known in advance that OpenAI was using paid content for training, he would have exercised Microsoft's rights to demand that the model be retrained.Additionally, an OpenAI employee had mentioned to President Greg Brockman the construction of "hacker methods" to bypass The New York Times paywall, to which Brockman replied, "Nice." Both OpenAI and Microsoft argue that the relevant training falls under fair use. The case was initiated by The New York Times at the end of 2023, and 11 publishers have since joined the lawsuit.

Bloomberg ETF analyst Eric Balchunas stated that Bitcoin ETFs have advantages over gold ETFs, including the fact that the Bitcoin investor demographic is younger; as the market matures, volatility decreases, and correlation with other assets stabilizes, Bitcoin will attract more large institutional adoption.In addition, Bitcoin ETFs have stronger market enthusiasm and sales resources, with dozens of wholesalers familiar with both the crypto market and traditional investors currently promoting and educating the market, while gold ETFs lack similar promotional strength.

Co-founders of Google DeepMind and Chief AGI Scientist Shane Legg, President of Research, Labs, Technology and Society James Manyika, and Nobel Prize winner, co-founder and Chairman of Google DeepMind, Chief Scientist of Alphabet Demis Hassabis announced the launch of the DeepMind Institute. The three stated: Today's artificial intelligence systems possess significant capabilities, and rapid innovation indicates that humanity is approaching AGI, creating an urgent need for interdisciplinary thinking to better understand its profound impact on humanity.The DeepMind Institute aims to promote interdisciplinary research, collaboration, and discussion to address the most critical technological and societal issues of the AGI era, and serves as a platform for researchers and thinkers from Google DeepMind, Google, and the broader global research community to develop and publish creative and in-depth insights about the AGI world. The institute is directed by Shane Legg, James Manyika, and Demis Hassabis, with Shane Legg also serving as Executive Editor.

According to relevant statements, the U.S. Department of the Treasury convened global financial institutions to advance economic isolation actions.

According to Bloomberg, Deutsche Bank has announced the launch of a digital asset custody service, planning to provide secure custody and transfer functions for Bitcoin, Ether, and some stablecoins for institutional and corporate clients, with plans to expand to tokenized financial instruments in the future. The service is initially aimed at German clients and is pending regulatory approval.Deutsche Bank is primarily targeting asset management companies, hedge funds, custodians, brokerages, sovereign institutions, and corporate clients, while also viewing digital asset companies as a third target customer group. The report noted that European banks such as UniCredit are also evaluating the expansion of digital asset custody and brokerage services.

Cointelegraph reported that among 22 major institutions on Wall Street, 19 expect an interest rate hike in September, with most predicting a 50 basis point increase.