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On September 7, the cryptocurrency exchange WEEX announced that the WEEX Hackathon Phase II AI Wars II officially started today at 00:00 (UTC+8). API players, manual traders, and prediction participants can all join to compete for a prize pool of 600,000 USDT.The event is divided into five rounds, taking place from now until October 9 over five weeks, with one round held from Monday to Friday each week. Participants can choose to join Team AI or Team Human, engaging in trading duels in a real market environment, competing for rankings and rewards based on PnL% performance.Users can earn points through registration, check-ins, likes, sharing, and contract trading tasks, using points to support Team AI or Team Human and predict the winning camp. Successful predictions can earn additional rewards.

According to "Digital Assets," the number of signatures for the petition in the South Korean National Assembly to postpone the taxation of virtual assets by 2 years has exceeded 32,000. The threshold for the National Assembly petition is 50,000 signatures, and if an additional 18,000 signatures are collected before September 20, the petition will be formally submitted for review by the relevant standing committee.The reason for the petition is that taxing digital assets will lead to a significant decline in exchange revenues, which in turn will result in a decrease in corporate tax revenue. Currently, the government insists on implementing the taxation normally starting in January 2027, while the People Power Party opposes it, citing reasons such as inadequate infrastructure.

The European digital currency market is forming a pattern of parallel development between the central bank digital euro and private euro stablecoins. Revolut has previously launched phased testing of EURR in Denmark, Poland, and Portugal. This euro stablecoin operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe.The ECB emphasizes that the digital euro will adopt a highly private design, with offline payment information only held by the transacting parties, and online transactions cannot be directly linked to individuals by the Eurosystem. Europe is advancing its digital payment system through public digital currencies and private stablecoins to reduce reliance on dollar stablecoins and non-European payment infrastructures.

DWF Ventures released a report stating that as trading fees continue to approach zero, social trading is becoming a new direction for financial trading platforms to compete for users and build moats.The rise of social trading stems from users seeking validation from others and references for investment decisions. From early brokerage copy trading to investment communities like Reddit and Stocktwits, and now to platforms that combine real position verification, trading signals, and social relationships, social trading is evolving from a simple copy trading tool into a product form that integrates trading, content, and social interaction. As trade execution becomes increasingly homogenized, the future competitive advantage of platforms may come more from network effects, resources of well-known traders, and exclusive information and distribution capabilities.Analysis suggests that social trading platforms are forming a clear growth flywheel: platforms attract well-known traders and their fans, traders build reputations through public trading, fans amplify market influence by following trades, which in turn increases the visibility of traders and the user base of the platform. Public calls for trades may even generate a certain "self-fulfilling" effect in this process.Platforms also lower the entry barriers for users through one-click trading, low-threshold acceptance, trading competitions, and fee incentives, and leverage the social influence of top traders to facilitate user migration. In the future, the social trading ecosystem in the cryptocurrency and traditional stock sectors may further integrate, and platforms that master trader, user attention, and information flow are expected to form stronger network effects.However, social trading also faces significant structural risks. Data shows that among approximately 292,000 wallets analyzed by the Fomo platform over the past three months, only 6.16% achieved profitability based on realized gains. Followers lack independent investment logic and are easily influenced by herd behavior, while there may also be conflicts of interest between traders and followers.Furthermore, even if platforms can verify public positions, traders may still establish undisclosed positions through other wallets, making information asymmetry difficult to eliminate completely. Analysis suggests that as the boundaries between trading and entertainment continue to blur, platforms that can establish unique information layers, gather quality traders, and form network effects may gain an advantage in the competitive social trading market.

The U.S. Securities and Exchange Commission (SEC) has filed civil lawsuits against 38 entities, accusing them of making significant false statements in the Form ADV documents submitted between 2025 and 2026, in order to present themselves as legitimate U.S. investment advisors and attract retail investors.The defendants include several entities involved in cryptocurrency business, such as CryptoOrbit, Ftaexchange, Pinnacle Crypto Exchange, Quantum Financial Institute, and RBH Infinity Exchange. The SEC has removed the relevant ERA filings of the aforementioned 38 entities from its website and is seeking a permanent injunction and civil penalties.

Binance Wallet recently announced that Binance Alpha has launched the AIA trading competition, with a total prize pool of $200,000. Users can click "Join" on the Binance App event page to start tracking their trading volume. Eligible Alpha competition traders can unlock a 1.2x trading volume boost; the Early Bird Multiplier has also been activated, with higher boosts for earlier participation, and a 2.0x multiplier available for trades made on the first day of the event. The competition only counts buy volume; sell volume is not included in the statistics.It is understood that the rewards for this competition will be distributed in two batches, with each batch having a prize pool of approximately $100,000 (equivalent to about 1.666 million AIA at a price of $0.06), and it is expected that each batch will cover 2,000 winning users, with an average reward of about $50 (approximately 833 AIA).In addition, DeAgentAI is currently planning to launch the "Catch $AIA" AI interactive mini-game as a side activity for the trading competition, creating a multi-channel and multi-structured triple benefit alongside the competition rewards, allowing users to unlock shared rewards through interactive gameplay.

ARK Invest's Director of Digital Asset Research, Lorenzo, stated that the latest improvement proposals from Solana and Ethereum are surprising. The market has indicated that Hyperliquid and others are posing strong competition, but the relevant communities are still taking time to adjust inflation arrangements and CU restrictions, which may further decrease the competitiveness of applications. He believes that L1 should prioritize how proposals can enhance network competitiveness, promote growth, and attract more consumer-grade applications and users.Lorenzo pointed out that for Solana, this is certainly not the time to be entangled in the value accumulation of token holders versus cash flow, or to increase the costs for application developers. It is essential to first prove that the pie can be expanded 100 times before discussing how to allocate it. Although in the future, it will be necessary to price high resource-consuming transactions more finely and address token value accumulation, if market share is seized by HYPE, there will be no value to accumulate. The current priority should be to expand the pie 100 times.

Bitget 2026 King’s Cup Global Invitation Tournament KCGI is now open for registration, and early bird benefits and team formation channels are also available. This year's KCGI has been fully upgraded, with "UEX Panorama Competition" as the core highlight, for the first time integrating three major tracks: crypto contracts, TradFi contracts, and stock spot (rToken), achieving a unified competition arena, prize pool, and ranking, providing a multi-asset competitive scenario for users with different trading preferences, with a total prize pool of 3 million USDT.To enhance the competition experience, KCGI has simultaneously launched five major gameplay features: UEX Arena, UEX Treasure Map, Captain Rewards, Early Bird Benefits, and Glory Live Draw. The UEX Arena, as a core component, offers a maximum reward of 2 million USDT, covering five major leaderboards: team earnings, trading volume in each track, and individual earnings; the UEX Treasure Map provides a 100% winning treasure chest reward of up to 600,000 USDT through a task key and track fragment synthesis mechanism. Additionally, there is a special incentive of 100,000 USDT for team captains, and the first 10,000 users who join a team and meet specified requirements before August 30 can compete for an early bird benefits prize pool of 200,000 USDT.The final glory coronation ceremony will be revealed in a live broadcast after the competition ends. Users who reach the specified trading threshold during the competition will have the opportunity to participate in the live draw to win multiple rewards, including 2026 KCGI limited merchandise, gold-plated footballs, cash vouchers, and more. The registration period for the event ends on September 22.

The U.S. Treasury has imposed sanctions on nearly 60 entities, individuals, and vessels related to Iran, involving nuclear, missile, cyber, and oil networks.Potential secondary sanctions have been implemented against five industries, including digital assets, technology, gold, aviation, and shipping; a general license has been suspended for certain remittances to Iran.

According to on-chain analyst @ai_9684xtpa, a total of 10 addresses associated with BIT hold ETH and BTC long positions worth over $323 million, currently with an unrealized profit exceeding $41.95 million.Among them, the ETH long position holds 65,977.9684 coins, valued at $165 million, with an unrealized profit exceeding $15.08 million; the BTC long position holds 2,000 coins, valued at $158 million, with an unrealized profit exceeding $26.87 million. Additionally, a certain address (0x6c8...d84f6) previously closed a position with a profit of $9.897 million.

According to Fortune, Hyperliquid is accelerating its entry into the regulated market in the United States, with its related listed company Hyperliquid Strategies actively participating in the promotion of domestic compliance business layout in the U.S.Fortune pointed out that Hyperliquid has currently established a strong market influence in the perpetual contract trading sector and is repurchasing and destroying HYPE through platform fee income.

The AlphaArena Bali Grand Finals will be held on August 20 during CoinFestAsia in Bali, Indonesia. The event is sponsored by MEXCVentures and co-hosted by TRIV, with a total of 20 professional traders expected to participate. The lineup consists of players who advanced from regional online competitions and TRIV participants, with a total prize pool equivalent to $100,000 for this season.The finals will adopt an esports-style DEMO simulated trading format, featuring timed rounds, real-time profit and loss simulations, live leaderboards, and event commentary. The public can watch the competition through the official livestream and AlphaArena channels.

Binance has launched a special trading competition for new users. Complete your first trade on Binance Spot or Instant Exchange to win up to 1,000 USDT vouchers. The event runs from August 14, 2026, 20:00 to August 29, 07:59.Eligibility to participate is for new users who register a Binance account and complete identity verification during the event period. Rewards will be distributed based on the total qualified trading volume of spot or instant exchange trades during the event.

Bitget launches a crypto & TradFi contract trading competition, running from August 12 to August 22, with a total prize pool of 50,000 USDT. During the event, users can trade designated crypto and TradFi contracts to earn chances to win in a blind box lottery. The prize pool includes rewards in popular tokens such as rSNDK, XAUT, HYPE, as well as experience vouchers worth up to 1,000 USDT.In addition, the event features a trading volume ranking competition. The top 1,000 users by trading volume who have a cumulative trading volume of at least 10,000 USDT can share a prize pool of 30,000 USDT, with the first place on the leaderboard receiving 3,000 USDT. For more details, please refer to the official Bitget platform.