Odaily News: Blockchain-native fintech startup OpenReserve received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) on September 2 to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.

OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a minimum Tier 1 leverage ratio of 12% for three years after opening. It must also commence operations within 18 months, or the approval will lapse. The relevant deadlines are September 2027 and March 2028, respectively.

OpenReserve plans to offer tokenized deposits, treasury management, foreign correspondent banking, and Banking-as-a-Service for institutional clients. The full-service national bank charter, upon final approval, would allow it to accept deposits and conduct lending activities.

OpenReserve previously completed a $25 million seed funding round led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures, among others. The company plans to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but that subsidiary has not yet filed an application with the OCC. (Decrypt)

Odaily News: According to Onchain Lens monitoring, BitMine transferred 25,000 ETH, worth approximately $61.51 million, to a new wallet (0x0BeF...6853) just a few minutes ago.

Odaily News: Bitcoin News posted on the X platform that a new analysis by the Cornell Tech Policy Institute estimates that exempting capital gains tax on small digital asset purchases could increase U.S. federal revenue by about $859 million over the next 10 years. The S. 2207 bill proposed by Senator Cynthia Lummis would exempt qualifying purchases under $300 from capital gains recognition, with an annual cap of $5,000 on exempted capital gains. According to the study, under core assumptions, every $100 in qualifying benchmark payments would generate $3.18 in net federal revenue.

Odaily Planet Daily News: AI infrastructure startup Gimlet Labs has completed a $300 million funding round, raising its valuation to $3 billion. The round was led by Andreessen Horowitz (a16z), with participation from Arm Holdings and M12, Microsoft's venture capital fund.

Gimlet Labs primarily helps customers allocate AI tasks across different types of chips and is working with Arm to make its software compatible with Arm's various chip technologies. (Bloomberg)

Odaily News: predict.fun announced on the X platform that it has launched a new market themed around the fully diluted valuation (FDV) that MEME will reach before November 2026.

Odaily News, according to GMGN data, the market cap of BSC Meme coin Stonks briefly surged past $13 million, reaching a new all-time high, and is currently reported at $12.91 million.

It is reported that Stonks' narrative originates from the "BNB Stonks Szn" campaign launched by BNB Chain. The promotional poster spells the conventional term "Stocks" as "Stonks," the latter being a common meme-ified expression within the crypto community.

Odaily reminds users that Meme coin prices are highly volatile, largely driven by market sentiment and concept speculation, and lack actual value or use cases. Investors should be mindful of the risks.

Odaily News, according to GMGN data, after reaching a market cap high of $151 million, the Robinhood Meme coin MEME's market cap has continued to decline, now falling below $40 million and temporarily reported at $36.71 million, dropping over 70% in 6 hours.

Robinhood previously announced that its on-chain stock token DEX trading volume surpassed $3 billion within 63 days, specifically mentioning coverage of over 190 companies including AMC. However, this subsequently drew dissatisfaction from AMC CEO Adam Aron, who engaged in a war of words with Robinhood CEO Vlad Tenev, even threatening to request his securities legal counsel to study the possibility of taking legal enforcement measures.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily reported that according to Hyperbot data, Machi Big Brother Huang Licheng has just reopened a 10x leveraged HYPE long position. The current total position value is $147 million, with floating profit of $324,000 and a return on investment of 6.21%:

1. 25x leveraged Ethereum long position, position value of $100 million, floating profit of $313,000;

2. 40x leveraged Bitcoin long position, position value of $45.88 million, floating profit of $11,000;

3. 10x leveraged HYPE long position, position value of $678,000, floating profit of $109.

According to Odaily, data from GMGN shows that the BSC Meme coin Stonks saw its market cap briefly surge past $8 million, up over 190x intraday, and is currently reported at $7.8 million.

It is reported that Stonks' narrative originates from the "BNB Stonks Szn" campaign launched by BNB Chain. The promotional poster deliberately spells "Stocks" as "Stonks," a common meme-style expression within the crypto community.

Odaily reminds users that Meme coin prices are highly volatile, often driven by market sentiment and speculative hype, and lack real value or use cases. Investors should be aware of the risks involved.

Odaily News, according to GMGN data, after hitting a market cap high of $151 million, the Robinhood Meme coin MEME's market cap has continued to decline, now falling below $50 million to a reported $49.66 million, a 56.31% drop in 6 hours.

Robinhood previously announced that its on-chain stock token DEX trading volume surpassed $3 billion in 63 days, specifically mentioning coverage of over 190 companies including AMC. However, this subsequently drew dissatisfaction from AMC CEO Adam Aron, who engaged in a war of words with Robinhood CEO Vlad Tenev, even threatening to request his securities legal counsel to study the possibility of taking legal enforcement measures.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily News: HyperliquidNews posted on X stating that after the next network upgrade, the minimum order amount for result orders will be reduced from $10 to $1.

Odaily News According to GMGN data, after hitting a market cap high of $151 million, the market cap of Robinhood Meme coin MEME has continued to decline and has now fallen below $60 million, currently reported at $58.72 million, a 49.04% drop in 6 hours.

Robinhood previously announced that its on-chain stock token DEX trading volume exceeded $3 billion within 63 days, specifically mentioning coverage of more than 190 companies including AMC. However, this subsequently drew dissatisfaction from AMC CEO Adam Aron, who engaged in a war of words with Robinhood CEO Vlad Tenev, even threatening to request his securities legal counsel to study the possibility of taking legal enforcement measures.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily News, according to Defillama data, Robinhood Chain generated approximately $15.15 million in revenue over the past 7 days, trailing only Tether ($16.23 million) and Circle ($45.57 million). This figure is significantly higher than UNI, ARB, and others. Currently, Uniswap's revenue over the past 7 days stands at approximately $3.5 million, while Arbitrum's revenue is $1.36 million.

Odaily News: Tom Lee, Chairman of Bitmine, an Ethereum treasury company, stated on the X platform that since the start of the third quarter, approximately 20% of the top-performing stocks in the Russell 1000 Index are cryptocurrency-related. Among them, BMNR has risen 99% since the quarter began, ranking 4th; MSTR has gained 67%, ranking 12th; CRCL is up 65%, ranking 14th; and BLSH has increased 55%, ranking 21st. Tom Lee added that with only one month remaining until the end of the third quarter, these strongly performing crypto stocks could become targets investors pursue next.

According to Odaily, on September 4, Balancer stated that its team had sent an on-chain message to the wallet associated with the August 31 Balancer V1 vulnerability attack, offering a bounty in exchange for the return of the stolen funds, and promising not to pursue legal action for the return itself if conditions are met. If the other party fails to respond before 5:00 AM on September 9, Balancer will take technical, on-chain, and legal measures to track down the attacker. The incident resulted in losses of approximately $234,000.

Odaily News - Hargreaves Lansdown, the UK's largest retail investment platform, has announced the launch of 9 Bitcoin and Ethereum exchange-traded notes (ETNs) products for its 2 million clients, with providers including BlackRock iShares, CoinShares, WisdomTree, 21Shares, Invesco, and Bitwise, and annual fees ranging from 0% to 0.35%. The platform requires new buyers to complete a suitability assessment and wait 24 hours before trading. This launch comes less than a year after the platform previously warned clients against investing in cryptocurrencies, and follows the UK Financial Conduct Authority's (FCA) lifting of the retail ban on crypto ETPs in October 2025.