Odaily reported that Neutrl stated the team has identified an issue with a position in its strategy, which has affected the liquidity of part of the protocol's reserves, and the relevant smart contracts have been suspended. The protocol currently holds approximately $27 million in available liquid assets, in addition to strategy positions that have not yet been realized, along with corresponding profits or losses. The timeline, amount, or recoverable value cannot be confirmed at this time. In response to user demand for liquidity, Neutrl plans to open an early redemption mechanism for NUSD and sNUSD holders, treating all holders equally. The target timeline is early September, subject to the progress of the deployment of new redemption contracts, independent audits, and legal and financial review processes. The timeline may be subject to change. The team advises holders not to trade NUSD or sNUSD during the assessment period, so as not to affect recovery arrangements.

Odaily News: Privacy-focused cryptocurrency Zcash has risen about 19 times over the past year, yet its market cap remains less than 1% of Bitcoin's. Digital asset management firm Grayscale stated that financial privacy, cybersecurity development, and cross-chain connectivity capabilities could drive Zcash to further expand its market share.

As of August 29, Bitcoin's market cap stood at $1.56 trillion, while Zcash's market cap was $13.74 billion—approximately 0.88% of Bitcoin's, with Bitcoin's market cap being roughly 114 times larger. Grayscale estimates that if ZEC were to reach 2%, 5%, and 10% of Bitcoin's market cap, the corresponding prices would be $1,622, $4,054, and $8,109, respectively. These scenarios are not price predictions.

On August 25, Grayscale's Zcash ETF began trading on NYSE Arca under the ticker ZCSH, moving from OTCQX to NYSE Arca, providing investors with exposure to spot ZEC without needing to directly purchase tokens or manage wallets and private keys.

Zcash utilizes a proof-of-work consensus mechanism with a fixed supply of 21 million coins, and supports the concealment of transaction details through zero-knowledge proofs. Its intents technology can coordinate cross-chain transactions based on user goals, such as converting other digital assets into ZEC. (Bitcoin.com News)

Odaily News: In Solana's first binding on-chain governance vote, SGP-0002, a proposal aimed at accelerating the downward adjustment of SOL inflation, passed with 67% support. The proposal, driven by infrastructure provider Helius, plans to increase Solana's annual inflation reduction rate from 15% to 30%, accelerating the network's path to a terminal inflation rate of 1.5% and reducing the scale of new SOL issuance in the medium to long term. Ahead of the voting deadline, the proposal's support rate had not yet reached the two-thirds quorum threshold. In the final stages, Helius CEO Mert Mumtaz reached out to major validators and institutions, with Kraken's validator node Kraken2 switching its stance from opposition to support as the deadline approached. Ultimately, the proposal received 67% support, 25% opposition, and 7.84% abstentions, with a staking participation rate of 60.7%, meeting the quorum requirements. Mert Mumtaz stated that after hundreds of communications, the proposal secured key votes in the final stage and passed.

Odaily News: The Independent Community Bankers of America (ICBA), representing approximately 5,000 community banks across the U.S., is opposing the Digital Asset Market Clarity Act (CLARITY Act). ICBA President and CEO Rebeca Romero Rainey stated that the "loophole" related to stablecoin rewards must be completely closed, and there is no room for compromise.

According to ICBA, stablecoins could cause $1.3 trillion in deposits to leave the banking system and reduce local lending by $850 billion. The association has prompted Republican Senators Josh Hawley and Jerry Moran to oppose the current version of the bill.

Rebeca Romero Rainey stated that there is no indication cryptocurrency would replace these deposits and reinvest them in local communities. She also criticized the White House Council of Economic Advisers (CEA) report, "The Impact of a Stablecoin Yield Ban on Bank Lending," for downplaying banks' concerns about deposit outflows.

The Senate is scheduled to vote on the CLARITY Act on September 15; if it fails to secure support from at least 60 senators, the bill will not proceed to further consideration and may stall in the foreseeable future. (Bitcoin.com News)

Odaily News: Numa Lunah, co-founder of the crypto project Refi Hub, stated that he was hacked after using a download link provided in a Claude chat window to install a transcription application. The link pointed to a fake website bundled with malware, which attempted to steal all information from his device upon execution.

Numa Lunah said he wiped and reinstalled the affected laptop and found no signs of sensitive data leakage. Subsequently, he discovered a contaminated Claude Code skill file named SKILL.md in his backups. The file was disguised as a style guide written by himself and contained instructions to re-download malware and steal credentials every time it was loaded.

Microsoft Defender Experts previously warned that attackers have shifted from search engine optimization poisoning to large language model response poisoning. These tactics include recommending attacker-controlled download links, AI-branded fake installers, and contaminated code repositories and agent skills. Individuals working in the crypto industry may hold irrevocable credentials such as mnemonic phrases, private key files, hot wallet JSONs, exchange API keys with withdrawal permissions, and deployer keys. (Bitcoin.com News)

Odaily News: Genius Group plans to use the proceeds from the issuance to restart its Bitcoin reserve and increase the reserve to $827 million by 2031.

Odaily News: predict.fun posted on X platform, stating that the current probability of HYPE's price surpassing SOL before October is 19%.

Odaily News: According to Bitcoin News, UK police have seized 20.21 Bitcoin worth $1.4 million, linked to a darknet marketplace operating between 2016 and 2019.

Odaily News: Crypto researcher Adam stated that trading activity on Robinhood DEX has surged again, with a 24-hour trading volume of $582 million.

Odaily News: Pon announced an update on token burn progress via the X platform. Currently, 29% of the total PONS token supply has been burned, and the Pons Treasury continues to use 80% of protocol fee revenue to accumulate more PONS.

Odaily News, According to GMGN data, the Robinhood ecosystem Meme coin COPPERINU's market cap briefly surpassed $15 million and is currently reported at $14.6 million, with an intraday surge of over 2,296 times.

COPPERINU was deployed by a Pons Vault developer and sent to Him. Him stated that the sole reason he accepted the token is that it was deployed by the Pons Vault developer.

Odaily reminds that Meme coin prices are highly volatile and susceptible to market sentiment and trending events. Please be aware of trading risks.

Odaily News: Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction employs a two-step merger structure, with total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock.

The business brings approximately 30 NYDIG employees and institutional client relationships into BitGo, offering derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices.

The transaction also includes performance-based incentive provisions, including a $10 million cash payment tied to a revenue milestone, up to $5 million in cash and additional shares tied to a second milestone, as well as retention incentives for transferred employees.

NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, with a post-issuance valuation of approximately $2 billion, and launched the USDS token. (Decrypt)

Odaily News – "White-Haired Stock God" Serenity has publicly questioned Sivers Photonics' (SIVE) growth strategy, arguing that the company remains overly focused on the Swedish market, while U.S. investors may be more interested in its future growth potential and the tangible economic value of its order book.

Serenity noted that U.S. analysts are more likely to focus on what Sivers' two recent wafer fab capacity allocations actually mean, and how much revenue and operating leverage these capacities will translate into amid supply bottlenecks and rising ASPs (average selling prices). Additionally, topics such as NPO/CPO, pluggable optical modules, the 2028 volume ramp of CPO players like Ayar, the ELS product partnership with O-Net, the scale of six newly added pluggable customers, and the potential TAM (total addressable market) are all worth deeper discussion.

In contrast, questions from the local market tend to center on "how to stop the bleeding," why private clients cannot be disclosed, why the company focuses on transceivers, and what the "business opportunity pipeline" really means—forcing management to spend significant time responding to doubts rather than discussing future growth.

Serenity believes that the more time Sivers devotes to the Swedish market, the more its valuation will be constrained by the investment logic of that market. Therefore, the company needs to more actively present its future growth opportunities and the economic value behind them to U.S. investors.

Odaily News: Arthur Hayes stated that investors should prepare to buy Bitcoin and expects Bitcoin to perform well in the coming years. He believes that if the U.S. continues to expand its money supply, Bitcoin's price could ultimately rise to $250,000.

Bitcoin has risen about 20% since mid-August, adding $300 billion to its total market capitalization within hours. Scott Bessent previously pledged to support the bond market, and this week it was noted that the Treasury may tap nearly $1 trillion from the Treasury General Account to fund bond purchases.

Gadi Chait, investment manager at Xapo Bank, said Bitcoin rose about 23% last week, marking its largest weekly gain since March 2023. During the same period, U.S. spot Bitcoin ETFs saw net inflows of approximately $1.9 billion, with record short liquidations further fueling the rally. (Forbes Digital Assets)

Odaily News: Bitcoin News posted on X platform that Afghanistan's Taliban government has effectively banned Bitcoin and cryptocurrency trading nationwide, threatening to prosecute traders and related businesses. More than 20 crypto shops in Herat have been closed, and at least 13 traders have reportedly been arrested. Afghanistan's monthly crypto inflows have dropped from a peak of over $150 million to less than $80,000. After Afghanistan was largely cut off from the global banking system, Bitcoin and stablecoins had become important tools for savings and remittances. Taliban officials called digital assets fraudulent and considered cryptocurrency speculation akin to gambling under Islamic law. Although these actions have compressed Afghanistan's visible crypto market, Bitcoin can still be traded via the internet, private keys, and counterparties.