Odaily: In this morning's procedural vote on the CLARITY Act, Republican Senator Thom Tillis initially voted YES, but after the situation became clear and the Cloture Motion was confirmed to have failed, he changed his vote to NO.

According to Senate procedural rules, only senators who vote with the winning side (the majority) are eligible to file a Motion to Reconsider a failed cloture motion. By switching his vote from YES to NO, Tillis is able to formally file a motion to reconsider. This preserves a pathway for the Senate to hold another cloture vote on the CLARITY Act without having to restart the entire legislative process from scratch. Had Tillis insisted on voting YES, he himself would not have been able to file the motion — but after the vote switch, Republicans now have an opportunity at the Senate level to once again initiate a cloture vote.

According to data disclosed by the Legislative Research Service of the National Assembly of South Korea, the share swap transaction between Dunamu, the parent company of Upbit, and a subsidiary of NAVER may simultaneously face the minimum subsidiary shareholding ratio requirements stipulated by the Fair Trade Act, as well as the shareholding cap for major shareholders of virtual asset trading platforms.

If NAVER Pay is converted into a holding company in the future and includes the trading platform as a subsidiary, it may need to adjust its governance structure. South Korea's Fair Trade Act stipulates that a holding company's shareholding ratio in a listed subsidiary shall not be less than 30%, and not less than 50% for an unlisted subsidiary; the shareholding ratio for a venture capital holding company shall not be less than 20%.

Odaily news: According to Pump.fun data, Chinese KOL 0xSun's account is still down over $82,000, with the largest single-token loss recorded on the Meme coin FLYBRAIN, where he invested $49,800 and incurred an unrealized loss of $41,000.

Earlier reports indicated that in early August, 0xSun announced a partnership with Pump.fun, joining the platform to open a trading account and resume trading Meme coins.

Odaily News: Zhipu (02513.HK) stated during a conference call with analysts and investors that the company has just completed a total of $5 billion in refinancing through a "small equity, large debt" structure, and that this financing was driven by the need to expand computing power. After the release of GLM-5 in February, Zhipu saw demand for model API calls surge 10-fold, and the company's computing power reserves were nearly exhausted in the very week of the launch, forcing it to suspend sales of its flagship product, the Coding plan.

In response, Zhipu actively responded by completing $4 billion in refinancing in July, finally making large-scale arrangements for computing power expansion. After raising another $5 billion on September 11, it once again firmly expanded its computing power layout. Following this expansion, Zhipu's computing power has begun to reach scale, and is now able to support the company's rapid business growth and continued R&D of larger-scale models. (Jinshi)

Odaily News: According to Gate data, South Korea's KOSPI index closed up 90.71 points, or 1.37%, at 6,717.97 on September 16 (Wednesday). SK Hynix rose 4.08%, and Samsung Electronics rose 2.01%. The Nikkei 225 index closed up 438.90 points, or 0.69%, at 63,923.00 on September 16 (Wednesday).

Odaily News: At dawn Beijing time on Thursday, the Federal Reserve is set to announce its interest rate decision, drawing intense global market attention. On Tuesday US Eastern Time, UBS analysts said there is no need for excessive panic over the anticipated rate hike, as historical data shows that after a rate hike cycle officially begins, the stock market tends to demonstrate strong resilience. UBS maintained its S&P 500 targets unchanged: 8,100 by year-end and 8,400 by mid-2027.

A UBS strategy team led by David Lefkowitz reviewed 16 Fed rate hike cycles since 1954: the S&P 500 posted an average gain of 10.8% in the 12 months following the first rate hike. They also reached a key historical conclusion: in the year after a rate hike cycle begins, the US stock market has never entered a bear market.

Odaily reports, according to Lookonchain monitoring, Bonk Guy (Unipcs)'s portfolio has decreased by $12.6 million over the past 10 days, but he still has not sold PONS, USELESS, or MarsCoin.

Odaily News: Approximately 2.4 million ZEC participated in the privacy-protection vote for Zcash's next major network upgrade, NU7, accounting for about two-thirds of the tokens eligible to vote.

Voters supported shortening the block time to 25 seconds, retaining the Bitcoin-style halving schedule, and launching NU7 as soon as possible; they also supported postponing the reissuance of fees collected by the network sustainability mechanism until February 2031 and disabling transactions related to the deprecated Sprout privacy system. (CoinDesk)

Odaily reports that Block CEO Jack Dorsey has expressed support for review, independent evaluation, and planning of frontier AI, but opposes governments and leading AI companies negotiating industry-wide development restrictions.

He advocates for an open-release approach that allows outside parties to reproduce results, identify problems, and develop alternatives, and supports providing models, computing power, and public infrastructure to independent researchers and safety researchers.

Block is developing open-source AI tools and provides Bitcoin-related services across products including Square and Cash App. The company has also launched the open-source AI agent goose, and is developing Bitcoin mining hardware Proto and hardware wallet Bitkey. (Bitcoin.com News)

Odaily News: Felipe Villarroel of TwentyFour Asset Management said in a report that the Federal Reserve faces a difficult balancing act. The portfolio manager stated: "Although inflation remains above target, and recent developments—especially the rise in oil prices related to Middle East tensions—have added upward pressure, the U.S. economy continues to show resilience." Markets are pricing in a 25 basis point rate hike by the Fed on Wednesday. TwentyFour also believes this is the most likely outcome.

Villarroel said: "More important than the current inflation level is whether inflation can return to target quickly enough to prevent inflation expectations from becoming entrenched." He noted that recent remarks by Fed Chair Warsh indicate a high focus on restoring the Fed's anti-inflation credibility, but this meeting will for the first time truly demonstrate how this translates into policy. (Jinshi)

Odaily reports, according to market data, the A-share memory chip sector experienced an unusual rally, with LiOn Microelectronics, Youyan New Material, and Infotmic previously hitting the daily limit, while Debang Technology, Montage Technology, SDIC Technology, Wanrun Technology, and Demingli followed the upward trend. On the news front, according to reports, sources say SK Hynix is in talks with Intel for a partnership agreement, which is expected to mark the first time memory chips are produced on U.S. soil.

Odaily News: A proposal on the Lido governance forum seeks to authorize a conditional LDO centralized exchange liquidity market-making program, to be activated only when the Lido Growth Committee determines that CEX liquidity is insufficient or may become insufficient. The plan could provide up to 7.5 million LDO from the Lido DAO treasury as recallable inventory, and allocate up to 480,000 USDC for fixed service fees and related costs over a maximum of 12 months; if not activated within two years, the authorization will expire.

The forum disclosed that LDO's average daily trading volume over the past 90 days was approximately $34 million, lower than the $43.8 million in the previous 90 days and $95.4 million in the same period of 2025.

Odaily News: According to Reuters, sources familiar with the matter revealed that SK Hynix is in talks with Intel over an agreement, planning to produce memory chips on U.S. soil for the first time. (Jinshi)

1. CZ Comments on CLARITY Act Vote Failure: The Good News Is Stablecoins Can Still Provide Yield, and Technological Progress Will Not Stop;

2. Opinion: Three "Sinners" Caused CLARITY's Downfall, Trump Is the Chief Culprit;

3. SK Hynix Reaches Agreement with Union, Profit-Sharing Bonuses Split Equally Between Cash and Stock;

4. DefiLlama Launches Perpetual Contract "Real Slippage" Metric to Track True Liquidity Across Major Exchanges;

5. Return Rate Reaches 302x, an Address Profits $361,000 Trading ARGUS;

6. infini Founder Denies Being Foolish with Money, Maximum Marketing Spend Only $10,000 to $20,000;

7. Arthur Hayes: Clarity Act Is Detrimental to Bitcoin and American Crypto Innovation;

8. Cathie Wood: If Starship Achieves the Goal of 10,000 Flights Per Year, SpaceX's $1.75 Trillion IPO May Offer a Value Investment Opportunity.

Odaily reports that CZ posted on X, stating: "KYC is not just 'killing your customers.' It tries to tie people to the land, just like feudalism once did. People can move freely, staying from one hotel to another. But KYC requires everyone to have a 'permanent address,' which is a discriminatory policy against free individuals."