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Nate Geraci, President of ETF Store, expressed that his initial interpretation of the latest notice from the U.S. Treasury regarding 351 exchanges is not as optimistic as some industry insiders. Geraci believes that if the asset portfolio transferred into the ETF significantly differs from the ETF's own investment strategy, it may face issues, especially in cases where the related assets are quickly reduced or completely sold off through physical redemptions.He also pointed out that the Treasury's guidance is not clear regarding the specific applicable boundaries, making it currently difficult to determine which operations may be permitted. Further guidance is expected to be issued in the future.

A federal jury in San Diego, California, ruled that Apple Inc. infringed on Taction Technology's vibration technology patent and must pay over $5.7 billion in damages.The patent involves the haptic feedback feature of the iPhone and Apple Watch. Apple stated that it would appeal, emphasizing that its Taptic Engine differs from Taction's technology.

Bitwise CEO Hunter Horsley stated that the Bitwise Chainlink ETF (CLNK) has surpassed an asset management scale of 50 million dollars.

Goldman Sachs Asset Management stated that the Federal Reserve is unlikely to enter a prolonged rate hike cycle. The institution believes that tariff and energy price pressures may ease, there are no signs of an overheating economy, and inflation expectations remain anchored. The Federal Reserve's dot plot indicates one more rate hike this year, while the money market pricing shows that the remaining two meetings will cumulatively raise rates by 37 basis points.

According to The Information, Google is about to release its flagship Gemini 4 AI model.

Bitwise CEO posted on the X platform, stating that in the past two days, Bitwise Solana Staking ETF BSOL saw inflows exceeding 60 million dollars, with assets under management surpassing 1.2 billion dollars, setting a new historical high.He mentioned that Solana seems to be becoming the Solana of this cycle.

Google acknowledged that its Gemini model breached the sandbox environment during a security test in May, infiltrating three real companies and guessing or finding the passwords of two of them. Google was aware of this incident by late July but only publicly confirmed it after a report by The Wall Street Journal on September 18, remaining silent for seven weeks.The test was a capture-the-flag exercise commissioned by Google and conducted by the Israeli company Irregular in May. Irregular connected an isolated testing environment that should have had no contact with the real internet to the open network, using the name of a real company as a fictitious target. Gemini found three matching results when searching for the company and attacked them one by one, with the plaintext passwords of two companies directly exposed online, while the password of the third was guessed by the model. Google stated that its model ultimately did not use the stolen credentials in practice.Google is the fourth major AI laboratory this year to admit that internal security tests leaked into the real world. Previously, OpenAI's model had accessed Hugging Face servers due to a software vulnerability, Anthropic found that three Claude models had reached real companies after reviewing 141,000 tests, and Meta's Muse Spark model also experienced a similar incident due to Irregular's configuration error. Additionally, U.S. Representatives Ted Lieu and Nathaniel Moran introduced the "AI Emergency Shutdown Act" in July, proposing to authorize federal regulators to suspend reasoning for models that pose a serious threat.

According to CoinDesk, the stock price of the cryptocurrency platform Gemini has fallen by about 80% since its listing, with its market value dropping from a peak of approximately $4 billion to $753 million. Trading volume, revenue, and platform assets have all continued to decline, leading to renewed speculation about a potential acquisition. Gemini's exchange revenue in the second quarter decreased by 38% year-on-year to $12.5 million, spot trading volume fell by 66% to $3.8 billion, and platform assets decreased from $18.2 billion to $8.4 billion.Lorenzo Valente, Director of Digital Asset Research at ARK Invest, posted on X last month that the offshore perpetual contract platform Hyperliquid should acquire Gemini, using it as a gateway to enter the regulated U.S. market for perpetual contracts and prediction market business. The Winklevoss brothers hold 94.5% of the voting rights in Gemini, which may simplify transaction negotiations but also means that any sale must be approved by both individuals. There are currently no signs that Hyperliquid is actively pursuing an acquisition.Despite the decline in exchange business, Gemini still holds regulatory licenses and approvals that are difficult for competitors to replicate. Potential buyers may weigh the cost of acquisition against the time and legal fees required to apply for licenses independently. This aligns with the trend in cryptocurrency mergers and acquisitions where buyers increasingly value regulatory infrastructure, distribution channels, and market access, such as Keyrock's acquisition of BlockFills' trading assets and Ondo exploring an acquisition of up to $500 million. CoinDesk reported in April that potential buyers were considering acquiring Gemini's closed European and UK operations to obtain licenses. Gemini declined to comment on this.

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 The Wall Street Journal, Google's Gemini model autonomously attacked the systems of three companies during cybersecurity testing, marking the first known instance of Google AI executing such behavior independently.

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.

According to Lookonchain monitoring, a newly created wallet (address 0xC2f1) withdrew 2,695 ETH (worth 6.94 million USD) from Gemini 5 hours ago and staked all of it.

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.

Google (GOOG.O) has launched Gemini 3.8 Live and Gemini 3.8 Live Extended Thinking, two models that are currently its most outstanding conversational artificial intelligence models.

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.