Odaily reports: US regulators announced on Friday that they have published proposed guidance on banks' third-party risk management. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration stated that the proposal is intended to help banks and credit unions "better align and tailor their third-party risk management practices to match the risks of each individual third-party relationship."

Federal Reserve staff said in a memo that the plan comes as banks are increasingly outsourcing certain functions and relying on third-party relationships to improve efficiency and reduce costs. The plan will be open to public comment, is non-binding, and aims to focus institutions' supervision of such risks on a principles-based approach. Federal Reserve Governor Barr opposed the proposal, citing concerns about the "material financial risk" standard.

Odaily reports that community users have discovered that Robinhood previously listed an asset named "INDEX," but the development team appears to have confused it with another token, "Index Cooperative." A comparison of the "Index Cooperative" price charts within the Robinhood app and on CoinGecko reveals that the two trends do not align, while the chart within the Robinhood app perfectly matches the INDEX token's recent all-time high and current price movement.

Odaily News: The Smarter Web Company has announced plans to launch the UK's first Bitcoin-backed preferred shares, subject to shareholder approval. The company expects to raise $20 million to $34 million through a potential IPO, to be used for increasing its Bitcoin holdings and acquiring cash-flow-generating operating businesses.

Odaily: In the past 60 minutes, $255 million worth of short positions have been liquidated in the cryptocurrency market.

Odaily: Bonk Guy posted on X platform that, if a prediction must be made, PONS could ultimately become the first utility token to surpass a $1 billion market cap in this cycle, while USELESS could become the first meme coin to surpass a $1 billion market cap in this cycle.

Odaily reports that Zach Pandl, Head of Research at Grayscale, stated in a post that driven by ZEC's price performance, Zcash mining revenue continues to increase. Data shows that the Bitcoin network's total daily miner rewards are approximately $35 million, while Zcash's are about $2 million. However, the daily revenue per mining rig is roughly 2x that of Bitcoin, and revenue per megawatt-hour is about 4x that of Bitcoin—even higher than some AI and high-performance computing cloud services. High yields are driving growth in Zcash mining activity, with its network hashrate having grown over 2.5x this year.

Odaily reports, according to GMGN data, the Robinhood Chain ecosystem memecoin INDEX briefly surged past $48 million, now at $44.07 million, with a 25.64% gain over 24H.

Earlier reports indicated that, according to the official page, Robinhood Crypto has listed INDEX and COOPERATIVE.

Odaily reminds users that memecoins are highly volatile, and investors should participate with caution.

According to the official page, Robinhood Crypto has listed INDEX and COOPERATIVE.

Odaily News: As Bitcoin and Ethereum prices rose, Machi Big Brother Huang Licheng's three long positions all turned from losses to profits, with an overall position ROI of 110%. Among them, the 25x leveraged Ethereum long position is worth over $90 million, with a floating profit of $5.032 million; the 40x leveraged Bitcoin long position is worth over $41.35 million, with a floating profit of $650,000; the 10x leveraged HYPE long position is worth over $5.633 million, with a floating profit of $122,000.

Odaily reports, according to Coinglass data, as ETH broke through $2,600, Ethereum liquidations in the past hour reached $112 million, while Bitcoin liquidations amounted to $27.71 million. In addition, total liquidations across the network in the past hour reached $166 million, with long positions liquidated at $20.4 million and short positions liquidated at $146 million.

Odaily News: Institutional crypto asset custodian Zodia Custody has announced that CEO Julian Sawyer is stepping down from his role as CEO and transitioning to strategic advisor. Sawyer stated that with Standard Chartered planning to acquire Zodia's custody business and establish Zodia Solutions, this is an appropriate time for a handover of day-to-day management.

Zodia Custody Chief Revenue Officer Richard Clark will oversee the business transition to Standard Chartered and take over the custody business; current executives Craig Perrin and Anoosh Arevshatian will be responsible for building Zodia Solutions. The previous plan had Sawyer serving as CEO of Zodia Solutions, marking an adjustment from the arrangement announced in May.

Zodia Custody stated that the transaction remains subject to regulatory approval and customary closing conditions. Headquartered in London, the company provides digital asset custody, wallet infrastructure, staking, and over-the-counter settlement services to financial institutions and asset management firms. (CoinDesk)

Odaily News: Circle has announced it will stop supporting USDC and CCTP V1 on the Noble blockchain, and Noble will not integrate CCTP V2. Starting October 13, 2026, Circle Mint will cease minting new USDC on Noble, while redemptions will remain open until January 12, 2027. After that, the USDC contract and CCTP routing on Noble will be fully suspended.

Circle advises users to migrate their USDC on Noble to other supported networks before the deadline. A snapshot of remaining balances will be taken at the time of suspension, and a manual redemption process will be initiated on January 13, 2027.

Odaily News: U.S. Senator Kirsten Gillibrand stated on August 23 that Congress should prohibit the President, the President's spouse, and senior officials from issuing, sponsoring, or profiting from cryptocurrencies during their tenure, and should incorporate this ethics prohibition into the digital asset market structure bill. Surveys show that 63% of respondents believe it is improper for Trump and his family to profit through cryptocurrencies. Trump disclosed in his annual filing that his crypto-related income in 2025 exceeded $1.4 billion. The related controversy extends to the Senate's Digital Asset Market Clarity Act, which will undergo its first Senate procedural vote on September 15. Kirsten Gillibrand stated that she will not vote to allow the President to profit from public office with taxpayer support.