Odaily News: According to sources familiar with the matter, Payward completed an $800 million fundraising round at a $2 billion valuation in November 2025 and confidentially submitted its S-1 registration statement, before shelving its listing plans due to unfavorable market conditions. The company completed the acquisition of derivatives platform Bitnomial in May, and the acquisition of stablecoin payments platform Reap in July, followed by an agreement to acquire Magic Labs' wallet infrastructure business, aiming to transform Kraken from a crypto exchange into a broader financial services platform.

Odaily News U.S. crypto exchange Kraken's parent company, Payward, has postponed its IPO plans to as early as Q2 2027. Payward had previously filed its S-1 registration statement confidentially but subsequently shelved the listing plans due to unfavorable market conditions.

Meanwhile, Payward is expanding its business footprint through acquisitions, having completed deals this year for derivatives platform Bitnomial and stablecoin payment platform Reap, as well as agreeing to acquire Magic Labs' wallet infrastructure business, driving Kraken's transformation from a crypto exchange into a broader financial services platform. (CoinDesk)

According to Odaily Meme Flash monitoring, the market cap of KIRKLAND on Robinhood has surpassed $1.08 million.

The Kirkland concept originates from Kirkland Signature, the private label brand under Costco, which is named after the town of Kirkland in Washington State and has gained widespread cultural recognition for its affordable, high-quality consumer goods. The community has extended this image onto the blockchain, championing the concept of "transparent, inclusive digital assets," and uses Costco stock (COST) as the underlying pool asset, forming a "Kirkland × Costco × tokenized US stocks" narrative.

"Meme Flash" is curated by Odaily's proprietary AI model, which screens for community trending potential targets. This content is compiled based on public information and does not constitute investment advice. Please exercise your own judgment and be aware of the high volatility risks associated with Meme coins.

Odaily News - World (formerly Worldcoin) announced the open-sourcing of its zero-knowledge identity proof toolkit, ProveKit. Previously available through early access within World ID, this toolkit allows users to generate cryptographic proofs directly on their phones or browsers without revealing personal data, with verifiers only receiving confirmation of specific claims. World stated that ProveKit employs local proof generation rather than delegated proving, meaning sensitive personal information never needs to be sent to external servers. ProveKit has been in development for approximately two years, supports the Noir language, and can run on standard consumer-grade hardware such as smartphones and browsers. It aims to achieve 128-bit post-quantum security and requires no trusted setup.

Odaily News: According to monitoring by Galaxy's Head of Research, the COLDCARD Wave 3 attacker has moved stolen funds for the first time, exchanging them for ETH via the THORChain cross-chain DEX. This marks the first on-chain transfer of funds from the original hacker address across Waves 1, 2, or 3.

Odaily News: Digital asset manager Grayscale stated that as of the end of 2025, direct and indirect holdings of corporate stocks in U.S. household financial assets reached 46.71%, up from 43.99% a year earlier. Grayscale Head of Research Zach Pandl noted that the rising concentration in stock holdings and elevated valuations have increased the opportunity for crypto assets to be used for portfolio diversification.

Grayscale stated that consensus expectations for long-term earnings growth of the S&P 500 index rose above 25% on August 28, significantly higher than the historical range typically concentrated between 10% and 15%. The firm believes that after the market correction in crypto assets, valuations, leverage levels, and investor long positioning have all declined.

Data released by Grayscale shows that Bitcoin's 90-day correlation with the Nasdaq 100 index has fallen from above 60% to approximately 33%, while its correlation with gold has risen from near zero to over 50%. Grayscale also noted that Bitcoin's historical volatility is higher than broad equity indexes, and it does not always act as a safe-haven asset. (Bitcoin.com News)

Odaily News: XCE, a UK executive recruitment firm, has increased its Bitcoin holdings by 10 BTC. The funds for the additional purchase came from strategic investor Adam Back's common stock subscription, bringing its total holdings to 72.94 BTC.

Odaily News: The U.S. Federal Bureau of Investigation (FBI) has seized approximately $560,000 in cryptocurrency and taken control of the domain and servers of a fundraising website linked to Hamas. The U.S. Department of Justice stated that these funds were allegedly intended for use by Hamas's military wing, Al Qassam Brigades.

Investigators tracked and confiscated the relevant crypto assets based on three seizure warrants issued on March 25, June 25, and October 10, 2025. Court documents show that the assets involved include Bitcoin, Ethereum, Wrapped Ethereum, Tether (USDT), and TRON (TRX), distributed across 18 addresses controlled by Tether and 3 Binance accounts.

According to court documents, encrypted chat groups had directed supporters to visit AlQassam.ps and solicited donations via rotating wallet addresses. After the FBI took over the relevant domain and servers, it obtained information on thousands of individuals who had contacted Hamas to inquire about making donations. (Decrypt)

Odaily News: Coinbase announced on X platform that Anthony Armstrong will join its board of directors and audit committee. Anthony Armstrong spent nearly a decade at Morgan Stanley leading global technology M&A, served in the Department of Government Efficiency, and most recently served as CFO of xAI and X Corp.

Odaily News: Goldman Sachs, Bank of America, Citigroup, and 21 other financial institutions announced on Tuesday their commitment to form a company that will jointly issue a U.S. dollar stablecoin, with plans to launch in the first half of 2027. The company is expected to be established in the second half of 2026, though the name has yet to be determined and closing conditions must still be met.

The alliance's membership spans North America, Europe, East Asia, the Middle East, and Africa, more than doubling the initial 10 institutions that first explored the initiative in October 2025. The stablecoin will target wholesale, institutional, and retail markets, with initial use cases including cross-border payments and digital asset settlement.

This stablecoin constitutes a liability of the commercial company, backed by reserve assets held by banks, and does not involve the Federal Reserve's balance sheet. The project plans to comply with the U.S. GENIUS Act and, where applicable, the EU's MiCA framework. Following the launch of the U.S. dollar stablecoin, a euro version will be issued, with subsequent expansion to other G7 currencies. (Decrypt)

Odaily Planet Daily News: Brian Armstrong posted on X that he is still developing the Omarchy plugin for Coinbase, which will be launched soon. He stated that an AI-native operating system is an ambitious vision.

Odaily News: New Jersey Attorney General Jennifer Davenport and acting director of the state's Division of Gaming Enforcement, Mary Jo Flaherty, have filed a petition for a writ of certiorari with the U.S. Supreme Court, requesting review of the state's enforcement action against prediction market platform Kalshi over its sports event contracts.

The petition cites civil cases brought by at least 20 state gaming regulators and asks the Supreme Court to rule on whether prediction market companies may still violate state laws while complying with regulations set by the U.S. Commodity Futures Trading Commission (CFTC). The petition also addresses whether the Dodd-Frank Act precludes state regulatory authority over sports betting within their jurisdictions.

The filing challenges a 2-1 ruling issued by the U.S. Court of Appeals for the Third Circuit in April. Kalshi spokesperson Dani Lever stated that the company disagrees with New Jersey's appeal to the Supreme Court, adding that Kalshi cannot operate under separate oversight from 50 regulators, and that the company remains confident in the lower court's ruling. (Cointelegraph)

Odaily News: U.S. President Trump: The stock market has not been affected, and it could even be higher than it is now, believe it or not. The stock market will go up. (Jin10)

Odaily News: U.S. President Trump met with U.S. tourism industry executives at the White House on Wednesday local time, during which he once again addressed the Iran issue. Trump stated: "The Iranian regime is collapsing, and a new round of strikes against Iran will not last long. (In the future) we are prepared to strike Iran once again. We fully control the Strait of Hormuz, through which millions of barrels of oil are exported every day. I hope domestic retail gasoline prices will drop." (Jin Shi)

Odaily News: Bitcoin News posted on X platform that Hyperscale Data has unplugged all Bitcoin mining machines at its Michigan site to free up data center space for a 10-year AI hosting agreement. Following the announcement, the company's stock price hit an all-time low.