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According to Mobile Payment Network, Lu Lei, a member of the Party Committee and Vice President of the People's Bank of China, stated at the 15th China Payment Clearing Forum that intelligent agent payments must not blur the boundaries of responsibility between consumers, operating institutions, and algorithm systems. Lu Lei believes that the essence of payment is the transfer of fund ownership, which objectively requires that the results of transactions are predictable, responsibilities are definable, and traces are traceable. Large models and autonomous intelligent agents have characteristics such as output randomness and insufficient transparency of logic. If transaction decision-making authority is blindly or excessively granted to intelligent agents, it will affect the trust foundation of fund transactions. The current governance rules of the payment industry and dispute resolution mechanisms are built around "humans as the final decision-makers in transactions." The new model of intelligent agents automatically initiating and assisting in transactions easily blurs the boundaries of responsibility, and the existing governance rules need to be optimized and improved.Regarding the issue of insufficient compatibility of protocol standards in the field of intelligent agent payments, Lu Lei emphasized that the dispute over protocols is essentially a dispute over business rules and technical standards, as well as a struggle for dominance in the era of artificial intelligence. The People's Bank of China continues to strengthen its tracking research on technological innovation, especially intelligent agent payments, guiding the Payment Clearing Association to leverage its advantages in industry self-regulation. Based on extensive soliciting of opinions, they will formulate and publish the "Self-Regulatory Convention for Intelligent Agent Payment Applications," and will continue to work on coordinating protocols and standards, as well as innovating risk governance. Lu Lei proposed three hopes to market institutions: actively respond to and implement the industry self-regulatory convention, with payment security and risk prevention as the bottom line, and consumer rights protection as the focal point; continuously track the trends of cutting-edge technologies such as large models and intelligent agents both domestically and internationally, and build technical reserves and application capabilities; adhere to the principle of rules and standards first, strengthen coordination and compatibility among different protocols and standards, and cooperate with regulatory authorities to promote the construction of a foundational protocol and technical standard system for intelligent agent payments.

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.

The Solana-based crypto debit card infrastructure Rain was hacked due to vulnerabilities in outdated contracts, resulting in approximately $1.1 million in funds being stolen. The affected crypto bank Avici's token AVICI dropped from a 24-hour high of $0.43 to a historical low of $0.217, a decline of 49%, before recovering to around $0.378.Avici confirmed that the attack only affected the card funds contract used for recharge consumption, and its self-custody wallets were not impacted, promising to fully refund the affected balances. In this incident, 1,685 Avici users lost approximately $500,800; another crypto bank, Tria, also had 636 users affected, with losses exceeding $430,000. The discrepancy between the approximately $1.1 million tracked on-chain and the losses reported by Avici indicates that other protocols supported by Rain were also attacked.Transaction data shows that the attacker repeatedly submitted signature authorizations, adding themselves as administrators of the card collateral account and withdrawing balances. The stolen stablecoins were exchanged for SOL, cross-chain to Ethereum, and ultimately flowed into the mixer Tornado Cash. Avici has filed a report with the FBI's Internet Crime Complaint Center. This incident also exposed issues with the custody transfer behind some self-custody crypto cards: although users control their wallets, the funds used for consumption are transferred to third-party contracts.

Cointelegraph reported that Avici will fully refund all 1,685 users affected by the $500,859 card balance vulnerability.

According to Onchain Lens monitoring, Avici was attacked, resulting in a total loss of approximately $1.02 million. The attacker transferred 10,000 SOL to another wallet and exchanged it for about 1.02 million USDC, then transferred it through a cross-chain bridge and exchanged it for approximately 418 ETH.

Solana's new bank Avici is facing ongoing attacks, with attackers having stolen over $1 million from users. The attackers' wallet holds 10,005.03 SOL (approximately $1.07 million) and about $11,600 in USDC and USDT. The attack method involves first calling the SubmitSignatures of the Avici authorization program, then calling the AddCollateralAdmin of the collateral program, and finally executing WithdrawCollateralAsset to withdraw the balance. Both of Avici's programs are upgradable and share the same standard Solana account instead of multi-signature upgrade permissions.Avici confirmed the incident 1 hour and 53 minutes after the first theft transaction, stating, "We are aware of the issue affecting card balance withdrawals and are working directly with all relevant partners to resolve it." Prior to this, users had reported stolen balances on social media. A real-time tracker established by anonymous on-chain analyst STACC recorded 125 different sending accounts, with transfer amounts ranging from approximately 9 USDC to over 26,000 USDT.As a result, the AVICI token fell 49.4% in 24 hours to $0.2175, with a market cap of approximately $2.84 million, hitting an all-time low. Avici raised funds through MetaDAO in October 2025, with an original cap of $3.5 million, but the final committed amount reached $34.2 million, and the team refunded 89.8% of the committed USDC.

According to monitoring by Catcher Predict, in the Polymarket prediction market for the event "LoL: ThunderTalk Gaming vs. Invictus Gaming," the "Over" option in the sub-market "O/U 3.5 games" has experienced drastic fluctuations, dropping from 69% an hour ago to the current 27.5% (a fluctuation of 41.5%). Please note the impact of related breaking news.

According to the Securities Times, on August 27, the reporter learned from SenseTime that SenseTime's large device provides domestic computing power support and Token services for the GLM-5.3-Flash recently launched and open-sourced by Zhipu, which is considered another benchmark for the large-scale commercial use of domestic computing power. It was revealed that the daily average Token service volume of SenseTime's large device reached 24.2 trillion in July, and it is expected to exceed a daily average of 100 trillion by the end of 2026.

According to the official announcement, Gate's Japanese stock trading service has officially launched on the App side, following its previous launch on the Web side, now achieving coverage on both Web and App platforms. Users can view market data, conduct trades, and manage their positions through either the computer or mobile platform, allowing for flexible switching between different usage scenarios. The first batch covers approximately 300 stocks listed on the Tokyo Stock Exchange, including popular targets such as Toyota Motor, Sony Group, SoftBank Group, Mitsubishi UFJ Financial Group, Nintendo, and Tokyo Electron.With the launch of the mobile service for Japanese stocks, Gate's stock trading service now covers four core markets: US stocks, Hong Kong stocks, Korean stocks, and Japanese stocks. In addition to continuously expanding the global stock market, Gate is also enhancing its product layout around Pre-IPOs, direct IPOs, and gStocks tokenized stocks, and supports fractional trading, stock dividends, and cross-brokerage transfer services. Through a unified stock account and collaboration across Web and App multi-terminals, Gate is further connecting different markets and asset types, continuously improving a one-stop multi-asset trading experience.

Ripple's multi-asset brokerage business Ripple Prime has launched the Delta One service aimed at institutional investors, officially expanding into the U.S. equity derivatives market. This service allows clients to execute total return swaps linked to U.S. listed stocks, indices, and digital assets, and supports cross-asset margin calculations.Noel Kimmel, President of Ripple Prime, stated that this is an important step in the development of Ripple Prime and a natural extension of the platform. The service is primarily aimed at financial institutions such as hedge funds and asset management companies, allowing clients to trade around the clock through a single counterparty. Ripple Prime currently has over $1 billion in regulatory net capital.Ripple Prime was renamed after Ripple's $1.25 billion acquisition of Hidden Road completed in October 2025. In August of this year, Ripple Prime completed a $275 million private placement of senior unsecured notes, and in May, it secured $200 million in debt financing from a fund managed by Neuberger Specialty Finance to expand its institutional lending capabilities.

On-chain analyst Specter revealed that a series of address poisoning attacks occurred on the Tron network over the past 4 weeks, resulting in a total loss of approximately $9.4 million for 15 victims. Among them, two victims had $2.5 million stolen each, while another lost $2 million.After the attackers succeeded, they quickly exchanged all the stolen assets for the stablecoin USDD and transferred them to a collection address, where all the funds remain. Specter urges Tron ecosystem wallet service providers to take interception measures as soon as possible and reminds users to carefully verify addresses when making transfers.

Zhipu released the lightweight flagship model GLM-5.3 Flash, aimed at competing with DeepSeek V4 Flash, and utilizes over 100,000 domestic chip clusters to provide inference services. The model has a parameter scale of approximately 300B, about 40% of GLM-5.3, and is roughly on par with DeepSeek V4 Flash; it adopts the MoE architecture, with actual activated parameters around 18B, possesses native multimodal capabilities, supports image and video input, and is the first new model with multimodal capabilities following Zhipu's focus on coding strategy.The comprehensive evaluation score exceeds that of the previous flagship GLM-5.2, is on par with Claude Opus 4.8, and is higher than the relevant scores of DeepSeek V4 Pro official version. The pricing is 0.8 yuan per million tokens for input, 2.8 yuan for output, and 0.23 yuan for cache hits, approximately one-tenth of GLM-5.3, with a half-price discount offered for the first two weeks after launch. The model is fully compatible with domestic computing power, online traffic is handled by domestic chips, and Zhipu claims that the cluster hardware efficiency and unit token cost have reached levels comparable to mainstream NVIDIA GPUs; this model was previously tested anonymously on overseas platforms under the code name Ox Alpha.

NVIDIA's Chief Financial Officer stated that NVIDIA is expanding its partnership with Amazon Web Services.

On August 26, several stocks in the Korean market performed actively. According to the Gate platform's Korean stock market data, E-World (084680) rose by 29.97%, currently priced at $0.43; HanmiGlobal Architects & Engineers (053690) increased by 18.40%, currently priced at $15.25; KEPCO Plant Service & Engineering (130660) saw a rise of 16.22%, currently priced at $9.88.

According to Cryptonomist, Animoca Brands and the RWA platform NUVA supported by Nuva Labs announced the adoption of Chainlink as its exclusive data infrastructure to provide tamper-proof valuation data for tokenized housing-related assets. The related asset base is approximately $19 billion, with the underlying sourced from Figure Technologies' Provenance Blockchain.The report states that NUVA will launch on Ethereum in May 2026, positioning itself as a cross-chain vault market, providing institutional-grade real estate credit exposure to retail users. Its products include nvYLDS (yield-bearing vault tokens linked to short-term U.S. Treasury yields) and nvPRIME (tokenized private credit vaults tracking the performance of real estate-backed credit such as Home Equity Lines of Credit - HELOC). Chainlink will initially provide pricing support for nvPRIME, used for collateral valuation, lending parameter setting, and liquidation threshold calculations.

According to DIGITIMES, Changxin Memory and Yangtze Memory continue to expand, and recently Apple is actively seeking to introduce the two Chinese memory supply chains, drawing attention to their entry into Apple's supply system. Industry insiders reveal that the two manufacturers are actually using Apple to prove that the quality of Chinese DRAM and NAND Flash has reached international standards, while secretly expanding their cloud and enterprise market share through third-party assembly for export to North American neocloud operators.Changxin Memory's parent company, Changxin Technology, has completed fundraising of 29.5 billion yuan, while Yangtze Memory plans to raise about 33 billion yuan through an IPO for production line upgrades and R&D. Yangtze Memory has turned profitable in 2024, with a net profit attributable to the parent company reaching 33.379 billion yuan in the first quarter of 2026; its third-phase new factory will begin production ahead of schedule in the fourth quarter of 2026, with a total monthly production capacity of 100,000 wafers, of which about 20% will be trial-produced LPDDR, becoming its first DRAM base. The supply chain indicates that the two companies are expected to increase the self-sufficiency rate of domestic memory in China to over 50% by the end of 2027 to 2028.Yangtze Memory sells NAND to third-party module manufacturers and assembles them into enterprise-level SSDs to avoid location sensitivity; Changxin Memory has already obtained certifications from small and medium-sized cloud operators in the U.S., Canada, and other regions. U.S. private enterprises can, in principle, procure from the two companies, with the entity list primarily restricting their access to U.S. technology, but not completely prohibiting private procurement. Cloud operators also reduce compliance risks through methods such as renting computing power or holding assets through third parties. The industry believes that Apple's influence on supply and demand in the industry is declining, and the two companies have no intention of supplying Apple in large quantities or engaging in price competition, making it difficult to meet Apple's demand in the Chinese market in the short term.

Research institution Digitimes stated that with the surge in AI-driven infrastructure spending, major cloud service providers are expected to place greater emphasis on operational efficiency and financial discipline in the second half of 2026. Amazon, Alphabet, and Microsoft reported a combined cloud business revenue of $106.3 billion in the second quarter, with an annual growth rate accelerating to 43%. These companies are expected to increase their total capital expenditures to $74.5 billion.

According to The Block, Las Vegas businessman Brent Kovar was convicted by a jury for his involvement in a $24 million cryptocurrency Ponzi scheme and faces a maximum of 280 years in prison.The U.S. Department of Justice stated that Kovar used investor funds to operate Profit Connect and repaid old investors with new funds under the guise of mining profits.

According to The Block, a federal jury in the United States found San Francisco resident Japheth Dillman guilty of wire fraud and conspiracy to commit wire fraud. The U.S. Department of Justice stated that Dillman made false statements regarding the cryptocurrency trading fund Block Bits Capital, which he co-founded, defrauding over 20 investors of nearly $1 million.His sentencing hearing is scheduled for December 8.

According to the Nikkei, Japan's Financial Services Agency plans to relax regulatory restrictions on trust banks issuing stablecoins, opening up space for individuals to conduct stablecoin transactions exceeding 1 million yen, and intends to include relevant content in the upcoming tax reform proposals.If implemented, stablecoins could further be used in large consumption scenarios such as automobiles and housing, indicating that the application of stablecoins in Japan is expanding from small payments to higher amount settlements.