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U.S. Republican Senator John Curtis called for an investigation into Donald Trump Jr. and Hunter Biden, involving cryptocurrency business

U.S. Senator John Curtis from Utah, a Republican, wrote to Chuck Grassley, the Chairman of the U.S. Senate Judiciary Committee, and Dick Durbin, the Chief Minority Whip, calling for an investigation into whether Donald Trump Jr. and Hunter Biden exploited their presidential family connections for personal financial gain, and requested subpoenas for both individuals. Curtis pointed out that Donald Trump Jr. had accepted wedding gifts from Russian oligarch Umar Kremlev, actively promoted family-backed cryptocurrency ventures, and served as an advisor for a prediction market platform; the related companies are regulated by the Commodity Futures Trading Commission. Donald Trump stated that his son has returned the relevant funds to Umar Kremlev.Curtis also called for an investigation into Hunter Biden's substantial business dealings with foreign entities, as well as whether the two utilized their relationship with the president to create commercial value. He mentioned that Joe Biden pardoned Hunter Biden in December 2024, who had previously denied involving his father in business transactions. A week prior to this investigation call, Senate Republicans failed to garner enough Democratic support to advance the Digital Asset Market Clear Act. Some Democratic senators opposed the bill, citing reasons including Donald Trump's use of cryptocurrency ventures to gain benefits related to the presidency; Donald Trump disclosed that he earned $1.4 billion from digital asset-related businesses in 2025.

first_img Andrew Yang calls for setting up a kill switch and accountability rules for cutting-edge AI systems

Former Democratic presidential candidate and founder of Noble Mobile, Andrew Yang, called on the federal government to strengthen regulations on cutting-edge AI laboratories. In an interview with CNBC, he stated that researchers have warned that the pace of iteration for powerful models has exceeded the constraints of existing rules, and he candidly said, "The fear is real, the concerns are real, and the demand is real; the American public wants to see this industry regulated."Yang urged Congress to require AI companies to assume liability for damages, set waiting periods before deployment, and equip powerful models with a "kill switch." He mentioned that OpenAI and Anthropic recently disclosed incidents of models breaching boundaries or invading other companies' systems, prompting lawmakers to consider introducing the "AI Kill Switch Act," which would allow federal officials to order restrictions or shutdowns of specific cutting-edge systems.In response to David Sacks' claim that the AI safety warnings are "psychological warfare," Yang stated that multiple things are happening simultaneously and cited a warning from an unnamed lab director that AI robots may have implanted self-replicating code on the internet, leading OpenAI and Anthropic to build a synthetic internet to train their models. He also emphasized that AI regulation is a bipartisan issue, saying, "If you are in rural areas or red districts, your constituents are equally panicked about AI."

U.S. SEC Commissioner "Six Questions" on U.S. Stocks 23*5 Trading: Calls for Attention to Issues such as Liquidity and Information Disclosure

Hester M. Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated that the U.S. stock market is gradually forming a trading model of "23 hours, 5 days a week" for extended trading hours. Although overnight trading currently accounts for less than 1% of the total trading volume of NMS stocks and is highly concentrated in a few stocks, both new and established trading venues have been actively extending their operating hours over the past two years, while raising six key questions:How should the U.S. stock market learn from the experiences of the long-established foreign exchange, cryptocurrency, and futures markets?How can brokers fulfill their best execution obligations and enhance retail investor protection when overnight liquidity is dispersed and spreads widen?When overnight liquidity is insufficient and execution costs are high, is it still a reasonable fiduciary decision for asset management institutions to choose not to engage in overnight trading?Will extending trading hours change the way listed companies release financial reports and significant information?Given that EDGAR filings submitted after 5:30 PM Eastern Time are typically processed on the next business day, does the SEC need to adjust the EDGAR system to ensure timely disclosure of significant information during the overnight trading period?Should the SEC provide relevant guidance or regulatory exemptions for listed companies, especially smaller ones?

first_img Justin Sun: Establish the Justin Sun Prize to reward mathematically verified proofs

The founder of TRON, Justin Sun, announced the establishment of the "Justin Sun Award," which currently focuses only on mathematics. He stated that the award follows the problem rather than the individual, with no annual meeting, nominations, or age restrictions; each problem has two columns for signatures, one for the prover and one for the person who formalizes the proof and writes it into the machine. Both can be the same person, or they can be a person, AI, or a person using AI. The condition for triggering the prize is that the machine verifies the proof from the first line to the last line without error. Once verification is passed, the names in the two columns become the prize owners for that problem.The rules also include: before machine verification, if the mathematical community has accepted a human proof, it can be listed first, with the prize remaining unchanged, and the status being "Proven, awaiting formalization." The prize in the proof column is only awarded to problems that are solved after being listed; for problems that were already solved at the time of listing, the prover is still credited, but the prize is only awarded to the person who completes the formalization, not retroactively for the history of mathematics. The list of problems is determined by Justin Sun's signature for the listed problems and pricing; once listed, the price can only increase, and money can only be exchanged, not refunded. Mistakes in the problems will still be paid, and they will be re-listed afterward; beyond pricing, verification, payment, and naming, he does not participate in voting.Justin Sun stated that the focus of public welfare will shift to this award, with the initial prize pool already deposited into the blockchain, with the address and balance made public. He only retains the right to continue injecting funds; the award proof and prize distribution will also be made public on the chain. He mentioned that naming it after a person is to avoid name changes due to institutional changes and expressed that wealth comes from mathematics, hoping to "come from mathematics and return to mathematics."
2026-09-16

first_img The European Central Bank calls on e-commerce merchants to participate in the digital euro pilot, aiming for issuance in 2029

According to CoinDesk, the European Central Bank (ECB) called on e-commerce and mobile commerce merchants in the Eurozone on Tuesday to participate in the digital euro pilot program, preparing for the potential issuance of a retail central bank digital currency in 2029. The pilot will test the technology, operational processes, and user experience of the currency's beta version, which, while similar to the digital euro, is not legal tender.The pilot will last for 12 months and is scheduled to launch in the second half of 2027, with the final issuance still requiring legislative and management committee decisions. In the weeks prior, the European Central Bank selected 36 banks and payment institutions to participate in the testing phase. The pilot will involve the European Central Bank, the central banks of 19 Eurozone countries, and selected merchants, with central bank staff testing scenarios such as online and offline transfers between individuals, in-store payments, e-commerce, and mobile commerce payments.European Central Bank President Christine Lagarde stated that the digital euro is essential for maintaining European monetary sovereignty and reducing dependence on dollar-pegged stablecoins. The European Central Bank believes that the proliferation of private dollar stablecoins like Tether's USDT and Circle's USDC poses a threat to European monetary autonomy. Isadora Arredondo, Vice President of Global Policy at Hedera, stated that the success of the digital euro depends more on commercial viability, and merchants need incentives, while payment service providers may consider lowering the fees for merchants accepting digital euro payments.

first_img Kevin Bass: Anthropic builds an unshuttable regulatory capture machine, calling for a congressional investigation

User Kevin Bass posted that he has audited the finances of the artificial intelligence company Anthropic and found shocking circumstances, thus calling for Congress to investigate. Bass stated: Anthropic not only seeks regulatory capture but has also built an unshuttable regulatory capture machine, with structural financial incentives making it impossible to shut down its AI doomsday loop. This loop begins with METR, which Anthropic CEO Dario Amodei proposed to be assessed for model risk by a third-party evaluation agency and suggested METR.Bass claimed that METR financially relies on Anthropic's success, particularly the explosive growth of Anthropic stock exceeding $7 billion. Facebook co-founder Dustin Moskovitz invested this stock into Good Ventures Foundation, which constitutes the majority of the organization's portfolio, and GVF is the overwhelming funder of the entire Anthropic network ecosystem. This stock was worth $500 million earlier last year and is now valued at over $7.7 billion about 16 months later. METR cannot afford to interrupt this growth.Bass pointed out that the same organization funding METR also funds organizations promoting AI doomsday, such as the Tarbell Center, which has published articles in The Verge, Science, Los Angeles Times, and others. These organizations all rely on the same funding. Bass stated that METR and others are not independent of Anthropic and cannot provide independent assessments; Congress must investigate.
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