verse

According to CryptoBriefing, the Bitcoin wallet Xverse has launched a joint Bitcoin staking service, allowing users to pair sBTC with STX tokens to participate in the Stacks PoX-5 locking period. During the staking period, Bitcoin remains on the Bitcoin mainnet and is controlled by the users, without the need for cross-chain or wrapping. This feature requires an upgrade to the Xverse v2.9 version wallet.Registration will close on September 9 or when the quota is used up. Staking rewards are expected to be distributed starting September 10 (Bitcoin block 966350, corresponding to Stacks' 143rd period). Institutions such as UTXO (a subsidiary of Nakamoto Inc.), HashKey Cloud, and 21shares have joined as anchor participants. Previously, Xverse managed approximately 152 million STX in non-custodial staking.

According to Digital Asset, the National Tax Service of South Korea has issued regulations stating that even if overseas virtual asset (digital asset) exchanges go bankrupt, individuals with accounts at those exchanges must declare those accounts as overseas financial accounts. The National Tax Service stated on the 28th of last month: "Residents who open accounts with overseas virtual asset operators for the purpose of trading digital assets must declare those accounts as overseas financial accounts, even if the operators go bankrupt."In addition, it is expected that the scale of digital assets included in the overseas financial account declaration will reach 105 trillion Korean won by 2026, a decrease of 5.4% compared to 2025.

The People's Bank of China Open Market Operations Office announced that to maintain ample liquidity in the banking system, on September 7, 2026, the People's Bank of China will conduct a reverse repurchase operation of 500 billion yuan using a fixed amount, interest rate bidding, and multiple price level bidding method, with a term of 3 months (89 days), maturing on December 5, 2026 (postponed in case of holidays).

The blockchain verification and auditing platform Assure DeFi announced that it will cease operations and will no longer accept new business. The company stated that it has completed verification for over 1,500 projects, involving a total project value of over $2 billion.Existing KYC and audit records will remain valid and will continue to be publicly accessible after the closure. The team stated that in the future, they will focus their main efforts on their artificial intelligence agent team business, Brainverse.

The first on-chain game launched by FUNVERSE, FUN LONGINUS, will officially go live on the Anubis Chain mainnet on September 1, 2026, at 10:00 UTC (UTC+8 18:00). FUN LONGINUS originates from a hackathon and is an Eastern martial arts chain game designed for the Anubis GameFi ecosystem. It constructs on-chain gameplay around martial arts elements such as the Jianghu, arena, mentorship, Jiazi salary, leader's order, and Huaze artifacts, and is structured competitively based on the twenty-four solar terms.Each match features 24 different addresses participating together, with each player entering the arena using fLGNS. The execution of the match, determination of results, and final settlement are all completed by smart contracts, ultimately producing one leader. Match records, reward distribution, mentorship relationships, and players' Jianghu resumes are all stored on-chain. FUN LONGINUS completed the collective forging of heroes on August 18, 2026, and based on the market price at the time of publication, this collective forging is valued at over 1.4 million USD. The launch of the mainnet marks the game's transition from the hackathon prototype, public testing, and collective forging phase to the official on-chain game operation phase.

The Securities and Exchange Commission of Thailand (SEC) has proposed allowing intermediaries to provide certain digital asset derivatives traded overseas to retail investors. According to the proposal, eligible products must be similar to crypto derivatives traded domestically in Thailand, including aspects such as underlying assets, duration, leverage, and settlement methods. At the same time, these products must be traded on exchanges that adopt central counterparty clearing and are supervised by regulatory bodies belonging to specific international regulatory or exchange organizations.Crypto derivatives that do not meet the above conditions will only be available to institutional investors. The Thai SEC stated that institutional investors are better equipped to assess and manage complex and high-risk products. Current rules only allow intermediaries to provide relevant investment services to retail and high-net-worth clients when overseas derivatives are similar to domestic trading products, while overseas crypto derivatives, due to their varying structures and risk levels, require targeted regulations.This consultation is the latest initiative by Thailand to incorporate crypto-related products into the regulated capital market. The Thai SEC officially designated cryptocurrencies and digital tokens as permissible derivative underlying assets in a notice issued on March 5 and is discussing potential contract specifications with the Thailand Futures Exchange. The consultation will continue until September 30, and the Thai SEC has not yet announced the proposed implementation date for the revisions.

MediaTek announced on the 31st that it has completed the pricing of $3.9 billion (nearly NT$125 billion) in overseas convertible bonds, bringing in funds from two AI giants, Nvidia and Google's parent company Alphabet. Nvidia accounted for $3.5 billion (about NT$110 billion), approximately 90% of the total amount, and announced that the two companies will deepen their cooperation in the future. This is the largest overseas convertible bond issuance in the history of Taiwan's capital market and also Nvidia's first investment in a Taiwanese company.According to a joint statement from Nvidia and MediaTek, Nvidia will purchase MediaTek's overseas convertible bonds. This investment expands the cooperation between the two parties, and MediaTek will use Nvidia's NVLink Fusion and Nvidia's recently released NVHBM technology to facilitate smoother communication of components in data centers. Nvidia's CEO Jensen Huang stated that the cooperation with MediaTek has "expanded significantly," making it one of the top partnerships; MediaTek's processors will become the foundation for the next generation of Windows PCs. MediaTek stated that this overseas fundraising attracted enthusiastic participation and subscriptions from long-term important partners such as Nvidia and Alphabet, as well as renowned international investors.

Nick Timiraos, the "Fed Whisperer," stated that Fed Chair Waller has quelled some concerns about his strategy to combat inflation, but has also laid the groundwork for a larger test that may come in three weeks. If the Fed raises interest rates, it could anger the White House just weeks before the midterm elections. If they hold steady, it may reignite the doubts that Waller's remarks have calmed.Two points from Waller's speech on Friday particularly suggest that the Fed may raise rates next month. The first point is that Waller finds it difficult to describe the current financial conditions as restrictive. The second point is that the relatively positive inflation data over the summer has not convinced him that the underlying trend is improving. The Fed's default choice before Friday was to hold steady unless the data was strong enough to warrant action.Former Fed Vice Chair Cohen stated that Waller's remarks have reversed this logic. "He has changed the original assumption; it is now that they will raise rates unless the data shows it is unnecessary." This means that the final decision will depend on changes in the situation before the September meeting, especially the August CPI released on September 11. Cohen stated that if the data indicates that action is unnecessary, the Fed should not raise rates; if the data is strong, it could weaken the argument that inflation is moving back toward the Fed's 2% target.

On August 24, according to Caixin, the National Development and Reform Commission released the "Measures for the Administration of Foreign Investment (Revised Draft for Public Comment)" and is publicly soliciting opinions from society, from August 21 to September 20, 2026. The "Draft for Comments" expands the definition of investors from enterprises to domestic enterprises, other organizations, and individual residents, and clarifies that reinvestment by investors abroad also falls under foreign investment.In the section on foreign investment regulation, regarding the classification and regulatory division of foreign investment, the procedures for approval and filing, and other matters, investors must obtain foreign investment approval documents or filing notices before implementing foreign investments. For individual residents newly included as investors, the approval authority is the National Development and Reform Commission, and the filing authority is the provincial development and reform department of their registered residence or habitual residence.

According to Digital Asset, the South Korean government stated that digital assets held by residents through personal wallets or overseas exchanges, as long as they generate income from transfers or lending, are generally subject to taxation.The digital asset tax will be implemented starting January 1, 2027, taxed as other income, with a deduction of 2.5 million won and a tax rate of 20%, including local taxes up to a maximum of 22%.

According to a report by the Korean News Agency, global virtual asset infrastructure company BitGo announced that its Korean entity BitGo Korea has received acceptance of its VASP (Virtual Asset Service Provider) registration application from the Financial Intelligence Unit (FIU) of Korea on August 18, becoming the first foreign cryptocurrency corporate entity to complete VASP registration directly in Korea.BitGo Korea was established in 2024, and this time chose to directly meet regulatory requirements to enter the market, rather than adopting the industry norm of acquiring existing VASP companies. Subsequently, it will use this as a foundation to officially launch virtual asset custody and transfer services in Korea, focusing on expanding business towards financial institutions and corporate clients.

According to CoinDesk, Robinhood CEO Vlad Tenev posted on the X platform, urging U.S. regulators to establish a regulatory framework for tokenized stocks, warning that the U.S. may hand over the dominance of next-generation financial market infrastructure to overseas markets. Tenev stated that the financial system is in the early stages of a "tokenization supercycle," and Robinhood has provided tokenized versions of over 190 U.S. stocks to users in more than 120 countries, allowing investors to gain economic exposure and enjoy dividends.He pointed out three major advantages of tokenization: real-time settlement (which can further reduce settlement risk compared to the current T+1 system), 24/7 trading, and seamless transfer of assets across different platforms. Tenev bluntly stated that if the U.S. does not take action, other regions around the world may build the future financial system around U.S. assets, while Americans may be excluded.

According to a report by Reuters, influenced by multiple factors such as the tense Sino-U.S. relations, China's push for domestic software alternatives, and U.S. export controls, Microsoft has closed at least 15 branches and joint ventures in China over the past five years, executing a strategic contraction. In 2023, the company internally considered exiting the Chinese market, as some executives believed that "the geopolitical risks outweighed the limited economic returns," but ultimately did not proceed with the exit. Microsoft disclosed in 2024 that its business in China accounted for only about 1.5% of its global revenue.The report states that Microsoft's final decision to remain in China was primarily due to the establishment of a profitable path—providing Azure cloud and AI services to Chinese companies like ByteDance and Shein, helping them operate compliantly in overseas markets. Additionally, the company believes that retaining its business in China remains strategically significant for acquiring engineering talent. However, analysts question the sustainability of this AI business model: the service relies on third-party models like OpenAI, and Chinese companies are increasingly adopting domestic alternatives like Kimi, which offer comparable performance at lower costs.Microsoft's research and development presence in China is also contracting. Its predecessor, Microsoft Research Asia, has successively established new labs in Vancouver, Singapore, and Tokyo. In 2024, the company offered job opportunities to 1,000 top engineers to relocate to the U.S. and three other countries, but only about one-third accepted, with most senior engineers moving to domestic universities and tech companies. A Microsoft spokesperson responded that the company will continue to commit to the Chinese market but did not comment on specific decision details. ByteDance and Shein did not respond to related inquiries.

After the overseas CEX Apps like Bybit and OKX were removed from the local Google Play in South Korea, the country is further tightening the process of transferring crypto assets to overseas platforms. According to the latest amendment to the Enforcement Decree of the Specific Financial Information Act, South Korean trading platforms will need to determine whether to allow transfers based on the risk level of the overseas platforms; when transferring to certain overseas trading platforms or personal wallets, users may be required to prove that the account belongs to them and explain the purpose of the transaction and the source of funds. If the information is insufficient, the transfer may be delayed or refused.Transactions reaching 10 million Korean won or more will also be included in the suspicious transaction monitoring system established by the exchanges, and the relevant regulations will be implemented six months after their announcement.

Grayscale Research Director Zach Pandl stated that even if the Clarity Act does not pass, the main blockchain operations, the demand for Bitcoin as a store of value, and the growth of stablecoin payments will not be immediately affected, and regulators will fill the regulatory gaps through rule-making.Zach Pandl pointed out that the lack of comprehensive market structure legislation may suppress new investment activities in the U.S., prompting participants in the crypto industry and startups to turn to overseas jurisdictions with clear regulatory frameworks. The U.S. government will continue to support the development of the crypto ecosystem. Strategy co-founder and Executive Chairman Michael Saylor previously stated that regardless of whether the Clarity Act passes, Bitcoin will continue to evolve, but the U.S. needs clarity in digital asset regulation. Senator Bernie Moreno stated that Senate Democrats and Republicans have concluded relevant negotiations and will proceed to a vote.

The State Taxation Administration of China responded to the recent discussions on taxing insurance income in Hong Kong, stating that Chinese tax residents are required to fulfill their tax obligations on global income according to the law, and that overseas insurance income also falls within the scope of taxable income. This is not a new policy and is not specifically aimed at the Hong Kong insurance market. The tax authority indicated that residents must declare and pay taxes on overseas insurance income and other investment income in accordance with the law, and the relevant rules treat overseas income from different countries and regions equally.Yesterday, Caixin reported that with the normalization of CRS information exchange, Chinese tax authorities can now fully obtain data on dividends and cash value from overseas insurance policies, gradually filling the gaps in tax administration. Currently, the taxation of insurance income from overseas sources has been initiated.

According to Bloomberg, informed sources revealed that the U.S. government department responsible for investigating violations of chip export controls is currently conducting a systematic review of how Chinese AI companies obtain advanced chips from Nvidia through legal means, focusing on their behavior of renting computing power in third countries. This move stems from recent technological breakthroughs achieved by Chinese AI companies, indicating that they still have the capability to acquire and use top-tier hardware despite U.S. export restrictions on chips to China. Analysts believe that this review may prompt the U.S. to further tighten regulatory rules on computing power leasing in third countries to close existing loopholes in the export control system.

The Federal Reserve accepted a total of $1.429 billion from 6 counterparties in the fixed-rate reverse repurchase operation.

According to Caixin, as the CRS information exchange becomes normalized, tax authorities can fully obtain data on dividends and cash value from overseas insurance policies, gradually filling the gaps in tax administration. The taxation of insurance benefits from overseas income has now been initiated.In addition, the CRS, as the "eye in the sky" of the global tax system, is also being upgraded according to schedule, with CRS 2.0 approaching. Key changes include incorporating crypto assets, central bank digital currencies (CBDC), and specific electronic currency products into the definition of financial assets, aligning with the trend of digital assets gradually merging with the mainstream financial world. Overall, from multiple dimensions such as overseas stock trading, overseas insurance, and offshore trusts, the iteration of CRS 2.0 and the tightening of overseas income tax collection mechanisms resonate with each other, mutually supporting and enhancing the effectiveness of cross-border tax source regulatory constraints.

As expectations for easing tensions in the Middle East rise, the market continues to focus on the progress of peace negotiations. Gold prices show resilience in their upward trend, which has also increased investors' attention to multi-asset CFD products. According to data from the Gate platform, the 24-hour increase for gold CFD (XAUUSD) is 0.13%, with today's highest price at $4304.09. At the same time, gold-related assets are performing actively, with GDX up 7.48% and GLD up 4.12%. Driven by popular targets, the trading activity of Gate CFD has also increased, with weekly trading volume surpassing $200 billion, ranking first across the network.