operation

According to Fox News, senior U.S. officials stated that the U.S. military has struck targets near Hormuz Island and Jask, including Iranian oil tankers. This is part of a larger operation to economically squeeze Iran, with strategies that include sinking and incapacitating Iranian crude oil tankers.

According to Gate market data, Qualcomm surged over 7% in pre-market trading, as it is reported that it has reached a multi-generational product collaboration agreement with Amazon.

UBS announced that it has launched the Swiss Franc stablecoin Sandbox testing phase in collaboration with 8 other institutions: PostFinance, Sygnum, Raiffeisen, Zurich Cantonal Bank, BCV, SIX, TWINT, and Swiss Stablecoin AG, to explore the integration of blockchain applications with the Swiss Franc stablecoin.This test is based on the Swiss Franc stablecoin CHFD, which has been technically launched in the Sandbox environment since the end of June and is pegged to the Swiss Franc at a 1:1 ratio. The testing will focus on exploring application scenarios such as automated inter-institutional transactions, digital asset tokenization settlement, and programmable payments, including reducing online market fraud risks, improving fair access to event tickets, and increasing the efficiency of public fund distribution. The test is expected to continue until the end of 2026. UBS stated that the Sandbox aims to accumulate technical, operational, and regulatory experience and does not represent a decision to officially launch the Swiss Franc stablecoin.

According to South Korea's "Cultural Daily," Samsung Electronics' wafer fab in Taylor, Texas, is expected to enter trial operation around the end of this month, as orders for 2-nanometer chips from Tesla, Broadcom, Arm, and others continue to pour in, with pre-production capacity nearing full load. The plant has accumulated an investment of $37 billion since 2022, with plans to begin trial operation early next month and mass production next year, with an initial monthly capacity of about 50,000 wafers, close to TSMC's approximately 80,000 wafers.The report states that the Taylor plant will produce Tesla's next-generation artificial intelligence chip AI5, Broadcom's new generation communication chips, and Arm's smart device AI chips, among others. Samsung's 2-nanometer yield has increased from about 60% earlier this year to around 80% recently. The company sent personnel for process, equipment, and yield to the plant in June, and began installing equipment in July. At a recent earnings meeting, Samsung projected that this year's 2-nanometer order volume would more than double compared to last year, and stated that NVIDIA's inference chip Grok3 began mass production last month; Samsung also recently raised the foundry price for 4-nanometer chips by up to 15%.The second Taylor plant is scheduled to start construction by the end of this year and begin mass production in 2030. Samsung has requested major partners to complete the relevant production equipment safety certifications in advance, and some partners are considering sending dozens of personnel to the local area. At the same time, Intel issued about $20 billion in new shares last month and expanded investments in 2-nanometer level 18A and 1.4-nanometer level 14A, while Japan's Rapidus completed its 2-nanometer factory in Hokkaido last month and entered the wafer trial production stage.

According to Bitcoin.com, the Chilean cryptocurrency exchange Orionx announced the cessation of operations and the suspension of user withdrawals. A forensic audit revealed that over 7 million dollars in custodial assets were transferred to wallets outside the company's control, creating a funding gap.Orionx accused two founding partners, Joaquín Díaz and Roberto Zibert, along with other former employees, of being involved in the related transactions and has reported the matter to the Chilean National Prosecutor's Office. The related complaint alleges that the transactions occurred between 2018 and 2021.The Chilean Financial Market Commission (CMF) stated that Orionx was not authorized to provide cryptocurrency financial services, and its operations did not comply with the provisions of the Financial Technology Law. Orionx stated that it could not guarantee users the recovery of all funds.

The cross-chain protocol Router Protocol announced that after more than four years of development, it has decided to gradually cease operations and will fully shut down before September 30, 2026. The team stated that over the past two years, Web3 liquidity has remained scarce, the market focus has shifted to AI, the enthusiasm for cross-chain interoperability has waned, and the revenue from bridging services has been insufficient to cover costs. Although various paths such as commercialization, licensing, and acquisitions were attempted in the past year, no sustainable solution was achieved. Router Protocol will permanently destroy 303,333,198 ROUTE tokens pending in the treasury and will coordinate with centralized exchanges to delist ROUTE. Holders need to withdraw their tokens according to the arrangements of each exchange before the deadline. In addition, the project will not launch any new plans related to ROUTE and plans to open-source some technical components for community use.

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).

According to Bloomberg, citing informed sources, Binance announced in June plans to exit the European Union, and the market generally expected it to be forced out due to not obtaining a MiCA license. However, the July 1 deadline has passed, and Binance is still maintaining operations in the EU through various means.European Central Bank President Christine Lagarde personally intervened to push for Binance's application, which was not approved, and Binance has withdrawn its license application in Greece. Previously, users in six EU countries with local entities were asked to migrate away from the platform, and some users later regained trading access through "reverse solicitation" clauses. Binance has also routed some EU users' trades to its Abu Dhabi entity, which is under different regulations.Currently, the European Securities and Markets Authority has sent a letter requesting confirmation of its orderly exit progress. Binance stated that it is committed to achieving long-term compliant operations under the MiCA framework. Data shows that its global spot trading volume share exceeds 45%, with the euro-denominated trading share around 3% to 4%, which has not changed significantly from before.

Memecoin issuance platform Pons announced on Thursday that Uniswap Labs has purchased its token PONS, stating that this move is a "long-term alignment" and is seen as a deepening of cooperation between the two parties. Both parties did not disclose the scale of the purchase, transaction price, or holding address, and Pons did not specify whether Uniswap Labs acquired the tokens through the open market or received a token allocation.Pons is the Memecoin issuance platform that charges the highest issuance fees on the Robinhood Chain, launched on July 13, and deployed the V2 contract on August 3. Its V2 will route tokens raised through joint curve fundraising to the Uniswap V4 pool, while the Robinhood Chain currently accounts for 56.3% of the total trading volume on Uniswap V4. Previously, Uniswap Labs launched a competing issuance platform, Pools.trade, on the Robinhood Chain on August 5, surpassing Pons on its first day of launch.Data shows that Pons generated $5.95 million in fees in the past 24 hours, $28.83 million in fees over the past 7 days, and $40.84 million in fees over the past 30 days, using about 80% of the protocol fees to repurchase PONS, with a cumulative supply destruction of 29.34%. PONS is currently priced at $0.5013, up 17.5% in 24 hours, with a market capitalization of approximately $357 million.

According to CoinDesk, Bitget CEO Gracy Chen told CoinDesk that Bitget is in talks with several large global financial institutions, including BlackRock, to help expand the distribution of digital asset products in Asia. Gracy Chen cited BlackRock, the world's largest asset management company, as an example, stating that it hopes to expand the distribution of tokenized ETFs in Asia and mentioned, "We maintain very close communication with BlackRock regarding distribution in the Asian market."A spokesperson for BlackRock responded that the company's cryptocurrency exchange-traded products (ETPs) have been launched in Asia and confirmed that it regularly collaborates with virtual asset service providers on different projects, but did not comment on specific expansion plans in the Asian market. According to an OECD report, as of June 2025, the trading volume of blockchain cryptocurrency assets in Asia is expected to grow by 69% year-on-year, the highest growth rate among all global regions.BlackRock manages assets totaling $11.6 trillion. At the 2026 Hong Kong Consensus conference, Nicholas Peach, head of BlackRock's Asia-Pacific iShares division, stated that Asian household wealth is approximately $108 trillion, and even if only 1% is allocated to cryptocurrency assets, it could lead to nearly $2 trillion in inflows. Bitget has 125 million registered users globally, with about half located in East Asia and Southeast Asia. Company data from Q1 2026 shows that 52% of users hold both cryptocurrencies and traditional stocks.

According to The Block, the Wyoming Stablecoin Committee announced the adoption of Chainlink Proof of Reserve to provide near real-time on-chain reserve verification for the state’s official stablecoin, Frontier Stable Token (FRNT). This follows the migration of cross-chain infrastructure from LayerZero to Chainlink CCIP, further establishing it as the sole on-chain asset verification infrastructure.The auditing firm The Network Firm will review the reserves and token supply of FRNT according to the standards of the American Institute of Certified Public Accountants (AICPA). The verification data will be recorded on-chain via Chainlink, reducing information gaps between reporting periods.The committee will also introduce the Chainlink Proof of Reserve Secure Mint mechanism, requiring that verified reserves must be no less than the total supply of FRNT for any minting to occur, in order to prevent risks associated with "unlimited minting." FRNT is fully backed by reserves of U.S. dollars and short-term U.S. Treasury securities, with related earnings used to diversify state finances and support local education funds.

According to Cointelegraph, Ripple announced a partnership with digital asset infrastructure company SettleMint to provide tokenized asset custody and management solutions for financial institutions. Ripple's institutional-grade digital asset custody infrastructure, Ripple Custody, will integrate with SettleMint's Digital Asset Lifecycle Platform (DALP), covering the entire lifecycle of tokens and simplifying the custody process for institutions.Just the day before, digital asset service provider Coincheck Group announced a partnership with wallet infrastructure company DFNS to build digital asset wallet technology and custody services in Japan. DFNS's wallet-as-a-service can provide institutions with complete transaction lifecycle management, including workflow orchestration and governance controls, and supports over 100 blockchain networks. Both collaborations aim to build more institutional-grade digital asset infrastructure to address the barriers for traditional financial institutions entering the crypto space.The 2025 Global Crypto Adoption Index released by Chainalysis shows that on-chain crypto activity in the Asia-Pacific region has the fastest growth rate in the world, with a year-on-year increase of 69%. Currently, several Asian countries are formulating their own cryptocurrency regulatory frameworks. The bill passed in Japan in July classifies crypto assets as financial assets under the Financial Instruments and Exchange Act. Japan's Finance Minister Shunichi Suzuki previously expressed a desire to bring crypto assets under the same regulatory framework as traditional financial assets.

Manus announced the resumption of independent operations and entered a new development stage. Founding team member Red Xiao and others will continue to be responsible for the company's operations, focusing on promoting product innovation and the development of general AI Agents.Manus stated that as an independent Agent laboratory, the company will continue to expand the capability boundaries of general AI Agents in the future and transform new capabilities into products to help users handle complex tasks. In the future, Manus will further integrate into users' daily workflows, interact more directly with the real world, and more proactively represent users in executing tasks. Manus also thanked users who recently helped with data backup and recovery and stated that more innovative products will be launched in the future.

The Solana core client development team Anza announced that it is gradually removing floating-point operations from the Solana core protocol. The first layer, SIMD-0391, was activated in epoch 1026 of the mainnet Beta, replacing floating-point operations in the Stake Program and validator client’s warm-up and cool-down logic with fixed-point operations.The second layer, SIMD-0607, has been proposed and is under review, targeting the runtime itself to remove floating-point operations in the inflation rewards and rent calculation paths. Anza stated that floating-point operations can produce different rounding results on different hardware, validator clients, and compilers, which may lead to consensus divergence and network activity risks. These two improvements eliminate that risk by standardizing fixed-point operations. Further work will continue to address floating-point operations in other paths.

NVIDIA (NVDA.O) will invest $3.5 billion in MediaTek, further deepening the cooperation between the two parties. Currently, NVIDIA is working to persuade more companies to develop chips that can connect to its dominant data center ecosystem. The two companies stated in a joint announcement that NVIDIA will purchase bonds that can be converted into MediaTek stock. This investment will expand the collaboration between the two chip designers.According to the cooperation arrangement, MediaTek will adopt NVLink Fusion and the newly announced NVHBM technology, which are part of NVIDIA's technology suite aimed at facilitating smoother communication among various components in data centers. MediaTek is trying to challenge the market positions of Broadcom (AVGO.O) and Marvell Technology (MRVL.O) by helping data center operators create customized components.Previously, Amazon (AMZN.O) also announced a similar cooperation agreement, agreeing to deploy an additional 2 million NVIDIA components. More importantly, Amazon also committed to using NVIDIA's connectivity technology in its self-developed chips.

The Cronos network associated with Crypto.com has paused operations after detecting an attack on the lending protocol Tectonic. The Cronos Network stated on the X platform that it has identified vulnerabilities on Tectonic and has paused the network. Tectonic also confirmed that it is investigating the related incident and advised users not to interact with the protocol until safety is confirmed. According to DefiLlama data, Tectonic had a total locked value of approximately $121.7 million before the incident, with active loans of about $82.7 million.On-chain researcher Weilin Li attributed the attack to price manipulation of the TONIC token. The attacker bought enough TONIC within 20 minutes to inflate its price by about 100 times, and then used the inflated tokens as collateral to borrow other assets from Tectonic, a method similar to the 2022 Mango Markets oracle manipulation attack. Li initially estimated that the attacker profited about $66 million, and later discovered another address controlled by a different attacker containing about $8 million, bringing the total estimate to around $75 million. Li also stated that the attacker only successfully bridged about $6 million to Ethereum, as the pause on the Cronos network prevented most affected assets from flowing out.Crypto.com CEO Kris Marsalek stated that the company's app and exchange were not attacked, and its security team is assisting Tectonic with the investigation.

According to IT Home, the International Criminal Police Organization (INTERPOL) has announced the results of the new anti-fraud operation "Jackal IV." This operation will last from November 2025 to June 2026 and involves 22 countries and regions worldwide, focusing on combating online financial crimes such as romance scams, cryptocurrency and investment fraud, email scams, and money laundering. A total of 58 people were arrested in this round of operations, and the identities of 263 individuals involved have been confirmed.Among them, the Argentine police seized a "Crime-as-a-Service" (CaaS) network that provided website domain and money laundering services, arresting 17 people and confirming the identities of 196 individuals involved. The South African police raided 7 locations in Johannesburg, arresting 39 suspects accused of romance scams and investment fraud targeting retirees from English-speaking countries, while seizing $2.67 million and freezing 257 bank accounts.In addition, the Italian police confirmed one suspect involved in a cross-European money laundering network, discovering that a single bank account was linked to money laundering transactions amounting to €845,000; the Romanian police dismantled an investment fraud gang, arresting 11 people and seizing illegal assets such as cash, cryptocurrency, and real estate.

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.