Odaily Report: CZ posted on X, stating: "It's a tough day for Bitget. I expect and know that Binance, the BNB Chain ecosystem, and the community will do everything we can to help. Stay SAFU."
Odaily reports that ARK analyst Lorenzo Valente posted on X platform stating that Uniswap completed approximately 140 million transactions in August this year, surpassing the combined total of two trading platforms, Cboe BZX and NYSE American. NYSE American has been operating since 1908, while Uniswap launched in 2018; five years ago, Uniswap's monthly transaction count was only about 2 million.
Valente noted that by transaction count, Uniswap's next target to catch up with is NYSE Arca, which completed approximately 232 million transactions in August.
Odaily News: Stablecoin issuer Tether stated that its exposure to EQIBank, a Dominica-licensed bank whose assets were seized by U.S. authorities, accounts for less than 0.034% of the group's total assets. Based on Tether's total group assets of $187.75 billion disclosed in June of this year, its maximum exposure to EQIBank is approximately $64 million. However, Tether did not disclose the specific amount and stated that it was previously unaware of the actions of U.S. payment processor Capstone as alleged by the U.S. Department of Justice.
According to court documents, EQIBank held and transferred customer funds through Capstone, with the relevant funds deposited in accounts at Wells Fargo and JPMorgan Chase. U.S. prosecutors have seized the funds in these accounts and filed a civil forfeiture lawsuit, alleging that Capstone misrepresented the nature of its business to the banks. EQIBank claims that approximately $89 million in assets were seized, equivalent to about 80% of its monetary assets, and it may face liquidation as a result. EQIBank previously provided banking services to Tether, including processing wire transfers related to USDT purchases and redemptions.
Tether's disclosure does not currently indicate a direct threat to its USDT reserves or dollar peg, but it highlights the counterparty risks stablecoin issuers face when accessing and redeeming funds through fiat channels such as banks and payment processors. (CoinDesk)
Odaily reports that former New York Governor and OKX board member Andrew Cuomo stated that tokenization of US financial markets is accelerating, and the regulatory system needs to keep pace with technological and market developments. On September 17, the SEC introduced a five-year interim "innovation exemption" framework, allowing eligible on-chain trading platforms to trade tokenized stocks of certain US-listed companies under specific conditions.
The framework requires trading platform participants to obtain licenses. Tokenized stocks grant investors the same rights and benefits as traditional stocks, with smart contracts audited and deployed on public chains; when the underlying stock is suspended from trading, the corresponding tokenized stock must also cease trading. On September 15, the US Senate failed to advance the Digital Asset Market Structure Act, and comprehensive digital asset regulatory legislation remains contentious.
Odaily reports that Liquid Capital founder Yi Lihua posted on X: "The market has risen to the $86,000 resistance level and faces a normal pullback, but in a bull market, be bearish without shorting, and patiently wait for the next long opportunity. In terms of specific opportunities, ETH is stronger, and trading Infra assets such as UNI and HYPE are seeing their essential demand recognized, along with ZEC, an asset with strong whale backing."
Odaily: "White-Haired Stock Guru" Serenity posted on X platform, stating that people should not only focus on the 5% yield on 10-year or 30-year US Treasuries. Citing a Subway sandwich as an example, the price has risen from about $5 to about $20 after tax over 12 years, equivalent to an average annual increase of about 12%. Serenity suggested that if one wants to hedge against inflation, they should use equity assets such as the S&P 500 ETF (SPY) to address inflation related to daily life.
Odaily reports that Bitget CEO Gray Chen posted on X platform that following the security incident, on-chain tracking confirmed the attacker's address received a total of $387.5 million in assets, revised upward from the previously disclosed $351.6 million.
Gray Chen stated that the revised amount incorporates Zcash and TRON assets that were not fully accounted for previously, and does not represent newly stolen funds. No unauthorized transfers have occurred since the incident, and the situation remains under control. Bitget has launched a Recovery Bounty Program, offering a 5% bounty to each party that voluntarily assists in freezing the attacker's funds or recovering the funds. The exchange has also launched a real-time tracking dashboard, an information submission portal, and an attacker address API, while supporting reports submitted through Bybit's Lazarus Bounty platform. Bitget is currently making full preparations to resume withdrawals, with a specific withdrawal plan to be announced before 4:00 AM (UTC) on September 26.
Odaily News: Bitget has announced the establishment of a "Recovery Bounty Program," mobilizing exchanges, blockchain projects, security researchers, investigators, and the on-chain community to assist in freezing and recovering affected assets. Under the program, successfully frozen funds will be eligible for a reward of 5% of the frozen amount to qualified participants who directly facilitated the freeze, and successfully recovered funds will likewise be eligible for a reward of 5% of the recovered amount. Bitget will also use Bybit's Lazarus Bounty program as a core channel to support this bounty and recovery effort. Actions taken through court orders, law enforcement requests, or other legal proceedings are not eligible for rewards. Final reward eligibility, contribution determination, and amounts shall be determined by Bitget.
Odaily News: The U.S. 30-year Treasury yield broke above 5.5%, continuing to set a new high since 2004; the final reading of the U.S. one-year inflation expectation for September was 4.6%, previous value 4.60%. The final reading of the University of Michigan Consumer Sentiment Index for September was 48.1, expected 47.6, previous value 47.8. (Jinshi)
Odaily reports that the European Banking Authority (EBA) has published its response to the MiCA revision consultation, recommending that the EU strengthen regulation of third-country multi-issuer stablecoins, crypto asset classification, and crypto lending, and bring within the regulatory scope the activities of crypto service providers that facilitate user access to DeFi lending protocols.
The EBA considers that the current regulatory framework for asset-referenced tokens and e-money tokens is generally appropriate, but that multi-issuer stablecoins may pose higher risks, and that rules should be strengthened and reserve asset requirements reviewed. As of September 1, 39 e-money tokens have been issued under the MiCA framework, while no asset-referenced tokens have yet been authorized.
Odaily reports that according to Bitget monitoring, to support fund recovery, Bitget has opened a real-time fund tracking dashboard to blockchain projects, security teams, and other participants, along with an entry point for submitting recovery or freezing information, as well as a real-time updated attacker address API. As affected funds move and more addresses are identified, the dashboard and API will continue to be updated. Bitget encourages exchanges, stablecoin issuers, cross-chain bridges, blockchain projects, custodians, and other infrastructure providers to monitor relevant addresses and submit relevant information through the recovery entry point.
Odaily News: Aave V4 has launched Equities Hub on Base, allowing eligible non-US users to borrow USDC using 7 tokenized US stocks issued by Coinbase as collateral, covering Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla. The market uses Chainlink to provide on-chain price data for tokenized stocks. The initial combined collateral cap for the 7 stocks is approximately $29 million, with a USDC supply cap of $32 million and a borrow cap of $21 million. Collateral ratios for different stocks range from 65% to 79%. Currently, these stocks can only be used as collateral. Aave stated that more Coinbase tokenized stocks and GHO as borrowable assets may be added in the future after governance and risk assessment approvals. (The Block)
Odaily reports that Coinbase CEO Brian Armstrong posted on X stating that the number of AI agents will continue to grow, and the number of agents needing to conduct transactions will increase accordingly, with cryptocurrency and stablecoins becoming the preferred payment rail for these agents.
Odaily News: According to MSX.COM data, Akamai (AKAM.US) gapped up at the open and, as of press time, has gained over 14%.
On the news front, Akamai announced a major expansion of its partnership with Anthropic, securing a seven-year, $11.6 billion contract commitment from the AI company, marking yet another massive deal in the AI compute infrastructure space. This partnership will profoundly reshape Akamai's business structure. Alongside expectations of substantial capital expenditure, the company's cloud computing revenue is poised to surge in the coming years and could soon surpass its traditional cybersecurity and content delivery businesses.
According to the announcement, Akamai will leverage the distributed AI infrastructure and software of its cloud business to support Anthropic's rapidly growing CPU workload demands. There is room for further expansion of the partnership. Akamai disclosed that the deal allows for up to an additional $9 billion in future collaboration, bringing the potential total commitment to approximately $20 billion
According to official announcements, Odaily reports that Gate has launched KII contract trading, trading bots, and copy trading features. The contract supports 1x to 20x long and short positions.
KII (KiiChain) is a stablecoin-driven 24/7 on-chain foreign exchange (FX) orchestration layer for emerging market stablecoins and real-world assets (RWA), providing enterprises and users with cross-border payments, trading, and various financial solutions.
Odaily News: Multi-chain DEX Jumper plans to conduct the JUMP token initial sale through Legion and spin off from LI.FI incubated project to become an independent company. This sale marks Jumper's first fundraising round, with proceeds to be used for product development, user growth, and market expansion; the JUMP token will be issued separately after the fundraising is completed. Jumper has accumulated over $40 billion in trading volume, with over 100,000 monthly active users and a cross-chain transaction volume market share exceeding 15%. It plans to launch Jumper Perps in the coming weeks, further expanding into perpetual contracts, tokenized stocks, and other real-world assets.
