Odaily News: SoftBank Group is seeking an additional $10 billion loan to refinance debt related to its investment in OpenAI and raise further capital. According to sources familiar with the matter, the two-year loan carries an interest rate approximately 275 basis points above the Secured Overnight Financing Rate (SOFR), with Mizuho Bank serving as the lead arranger and bookrunner. The sources requested anonymity as the matter has not yet been made public. (Bloomberg)
Odaily News, the U.S. Securities and Exchange Commission (SEC) has filed civil lawsuits against 38 entities, accusing them of making material misstatements in their Form ADV filings submitted between 2025 and 2026, in an effort to pose as legitimate U.S. investment advisers and attract retail investors. The defendants include several crypto-related entities such as CryptoOrbit, Ftaexchange, Pinnacle Crypto Exchange, Quantum Financial Institute, and RBH Infinity Exchange. The SEC has removed the relevant ERA filings of the aforementioned 38 entities from its website and is seeking permanent injunctions and civil penalties.
Odaily News – SlowMist security team has disclosed the discovery of a GitHub repository impersonating the Qwen 3.8 27B local quantized model. The repository claims the model size exceeds 16 GB, but the actual downloaded content is only about 487 KB, containing disguised files, a LuaJIT interpreter, and obfuscated Lua scripts. SlowMist emphasized that the official Qwen project has not been compromised. According to SlowMist's analysis, once executed, the malicious program collects host data, captures screenshots, and sends them to the attacker's C2 server. When the hardcoded server becomes inactive, it reads a backup C2 address from a contract on the Polygon chain, allowing attackers to rotate infrastructure through on-chain transactions. Subsequent payloads can steal browser login credentials, cookies, browsing history, email accounts, WinSCP and Steam credentials, as well as wallet-related files and extension data. SlowMist also discovered at least 23 GitHub repositories and 29 similar archive files using the same Lua delivery chain.
Odaily reported that according to GMGN data, Marscoin's market cap has fallen below $1 million, currently at $998,000, marking a 28.39% decline in the past 24 hours.
Previously, CZ publicly burned 4,444 MARSCOIN tokens and stated that he would stop using his public address to avoid excessive interpretation of his actions by the community.
Odaily reminds users that Meme coin prices are highly volatile, and investors are advised to participate with caution.
Odaily News - Japanese financial giant SBI Holdings plans to acquire approximately 20% of Indonesia's online brokerage Ajaib Group for $270 million, with the transaction expected to be completed by the end of August. The investment aims to drive the adoption of its yen stablecoin JPYSC in Southeast Asia and build a blockchain-based cross-border settlement network.
Ajaib offers online securities trading, forex margin trading, cryptocurrency, and asset management services in Indonesia. SBI stated that this investment will help it further enter the Indonesian market and strengthen its digital asset infrastructure footprint in the Southeast Asian region.
Notably, this is part of SBI's recent efforts to intensify its push into Southeast Asia's digital asset market. Earlier, in July, SBI acquired approximately $100 million worth of Singapore-based crypto exchange Coinhako and invested in Singapore's digital securities trading platform DigiFT, with both parties also establishing a joint venture. SBI is progressively building a regional financial infrastructure network covering crypto assets, digital securities, stablecoins, and cross-border settlement. (CoinDesk)
Odaily reported that, according to Onchain Lens monitoring, the $191.6 million ETH short position held by Hyperliquid trader pension-usdt.eth over the past two months has ultimately been liquidated, resulting in a loss of approximately $23.93 million. Despite this, the trader has still accumulated a total profit of about $17.22 million.
Odaily News: Allianz Chief Advisor Mohamed El-Erian said, "Fed Chair Warsh is about to deliver his first Jackson Hole keynote speech. At this important moment, he faces a delicate challenge: how to respond to the highly diverse expectations of the market and various stakeholders. On one hand, some hope he will continue the tradition of previous Fed Chairs by providing forward guidance while elaborating on his current policy reaction function—that is, how the Fed will make policy decisions in response to changes in economic data and conditions.
On the other hand, some hope he will return to the original long-term strategic positioning of this unique conference. This means placing greater focus on the growing number of increasingly complex domestic U.S. economic and policy issues, against the backdrop of deep structural changes driven by both technological innovation and geopolitical economics. Striking a balance between these two expectations is no easy task. This balance is not only difficult to achieve, but also almost certain to leave everyone dissatisfied. Meanwhile, policy factors outside the Fed further add to the difficulty of decision-making.
That said, Warsh's speech is also bound to provide an important window for the outside world, allowing the market to gain deeper insight into the policy philosophy and leadership style of this new Fed Chair. Personally, I would prefer his speech to focus more on long-term structural issues, especially given the still-significant divergence of opinions within the FOMC at present."
Odaily News - Jio Platforms, the digital and telecommunications arm of billionaire Mukesh Ambani's Reliance Industries, has received regulatory approval, clearing a key hurdle for its long-anticipated initial public offering (IPO). According to the Securities and Exchange Board of India (SEBI) website, the regulator issued a letter of observation to Jio Platforms during the week ending August 28, indicating that the company has been permitted to proceed with the IPO process. (Bloomberg)
Jio Platforms' listing plans have drawn significant market attention. Last year, the company launched JioCoin, a reward token built on the Polygon blockchain. Community users have reported that the token has been integrated into Jio's web browser, JioSphere.
Odaily News - UK police financial investigation team announced the recovery of 20.21 Bitcoin along with other crypto assets and bank account funds, with a total value of approximately $1.4 million (£1.03 million). The individual involved had a prior money laundering conviction and has since passed away. With assistance from the police cyber team, investigators traced these assets back to dark web marketplaces that operated between 2016 and 2019. The police stated that these websites, now all shut down, had facilitated criminal activities such as drug supply and human trafficking, but did not disclose the specific platform names. (Decrypt)
Odaily News Federal Reserve Chairman Warsh is set to deliver one of the most closely watched public speeches since taking office at the Jackson Hole Global Central Bank Symposium. With the U.S. PCE inflation rate still at 3.7%, notably above the Fed's 2% longer-term target, and Treasury yields remaining elevated, the market still lacks a clear picture of when and under what conditions the Fed will further adjust monetary policy. Warsh has long sought to reduce forward guidance and let the market interpret the data on its own, but what Wall Street most wants to know now is precisely his "reaction function." If this speech continues to focus only on long-term issues such as productivity and demographics, the bond market may interpret the silence itself as a policy signal.
Currently, the market estimates about a one-third probability of a Fed rate hike in September. As Warsh has deliberately downplayed traditional forward guidance since taking office, the focus of this speech will center on how he assesses inflation, and what changes in inflation, employment, and economic growth would prompt rate hikes, rate cuts, or maintaining rates unchanged. Market participants believe that if Warsh signals a clearer hawkish stance, it could further push up short-term rates and Treasury yields; if he avoids the current policy path and focuses more on long-term topics like productivity and AI, it may be interpreted by the market as a dovish signal.
In addition, AI's impact on inflation could also be a focal point of this speech. Warsh has long been bullish on AI boosting productivity and helping lower long-term inflation, but the market believes the current AI investment boom is also driving up costs for construction labor and computer chips. This Jackson Hole speech could become a key moment for reshaping September policy expectations and global bond market pricing. (The Street)
Odaily News: According to official sources, the financial world model project De¹ has announced an investment from YZi Labs. This investment marks the starting point for establishing AI-native on-chain finance within the BNB Chain ecosystem. De¹ will work with YZi Labs to define how AI agents interact in real market environments. The project stated that details on how users can participate in the financial world model will be announced soon, with further information to be released through official channels.
Odaily News: Owner, an AI platform for local merchants, has announced the completion of a $240 million funding round, valuing the company at $2.3 billion. The round was led by Growth Equity under Goldman Sachs Alternative Asset Management, with participation from existing investors including Meritech, Redpoint, Headline, and Jack Altman. The company uses AI agents to automate marketing promotion, customer communication, and operational optimization services for local merchants. The new funds are intended to expand international operations and broaden local business use cases. (Morningstar)
Odaily News: Ireland's national police force, An Garda Síochána, reported on August 27 that during a specialized operation targeting organized crime in the Galway area, officers searched two properties and froze two cryptocurrency accounts with a combined value of approximately $900,000. Additionally, police froze a bank account containing €25,000 (approximately $29,100), seized €9,300 in cash, and confiscated drugs valued at approximately €18,300 in total (including amphetamines and cannabis). A man in his 40s linked to the case has been arrested and charged, and the investigation is ongoing. (garda.ie)
Odaily News: A consortium formed by payment giant Stripe and private equity firm Advent International has decided to abandon its plans to acquire PayPal. Previously, the consortium had submitted an acquisition proposal to PayPal valued at over $50 billion, with market sources indicating that the offer was approximately $53 billion. Insiders familiar with the matter spoke on condition of anonymity as the information has not been made public. Advent, Stripe, and PayPal all declined to comment.
However, insiders noted that the situation could still change, and Advent and Stripe may revisit an acquisition proposal in the future. (Bloomberg)
Odaily News, According to official sources, Gate's Contract Stock Zone will debut the listing of perpetual contract trades (USDT settled) for DJT (Trump Media & Technology Group), RAM (Roundhill T-REX 2x Long DRAM Daily Target ETF), TEM (Tempus AI), and MARA (Marathon Digital Holdings) at 20:00 (UTC+8) on August 28, supporting 1-20x leverage.
Odaily Planet Daily Report: The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandatory Provident Fund Schemes Authority (MPFA), together with Cyberport Hong Kong, have announced the participant list for the first phase of the Generative Artificial Intelligence (GenA.I.) Sandbox++. Among nearly 100 proposals received, 36 use cases have been selected to enter the first phase of the GenA.I. Sandbox++, involving 30 financial institutions and 27 technology partners, including Bank of China (Hong Kong), China Asset Management, Ant Blockchain, Google, IBM, and others. The first phase of the GenA.I. Sandbox++ will focus on exploring Agentic AI applications. In addition to content generation, the selected use cases will further explore how to responsibly enhance the autonomy of AI. Testing will cover complete processes in areas such as customer account opening, payments, insurance claims, and customer interaction.
