Headlines: ▌The US SEC Promotes Crypto and AI Financial Regulation, Using Minimum Intervention to Protect Investors and Encourage Innovation and Competition. U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins stated at the OECD's Global Financial Markets Roundtable that the SEC will modernize securities regulation through Project Crypto, clarifying the securities status of crypto assets and providing a clear regulatory framework for on-chain financing, trading, staking, and lending. He emphasized that most crypto tokens are not securities, and that regulation will use minimum intervention to protect investors while encouraging innovation and competition. Atkins also noted that artificial intelligence (AI) will be integrated with blockchain to promote "intelligent agent finance," enabling automated trading, capital allocation, and risk management, improving market efficiency and reducing costs. He called for international cooperation, drawing on the experience of the EU's MiCA (MiC) initiative, to jointly advance digital asset regulation and financial innovation. The SEC's goal is to establish a world-leading crypto and AI financial ecosystem in the United States, creating more opportunities for investors and businesses.
▌BlackRock plans to launch its Bitcoin ETF in the UK next month
According to market news released by The Bitcoin Historian, BlackRock, which manages $11 trillion in assets, plans to launch its Bitcoin ETF in the UK next month.
Market
As of press time, according to Coingecko data:
BTC price is $113,843, up or down 24 hours by 2.2%;
ETH price is $4,346.72, up or down 24 hours by 0.9%;
BNB price is $893.86, up or down 24 hours by 1.7%;
Blockchain Applications
Binance and Franklin Templeton Collaborate to Promote Digital Asset Products and Initiatives
Binance and Franklin Templeton, a leading global investment firm with $1.6 trillion in assets under management, announced a collaboration to develop digital asset initiatives and solutions for a broad range of investors. The two parties will explore combining Franklin Templeton's expertise in regulated tokenized securities with Binance's strengths in global trading infrastructure and investor access to jointly develop innovative solutions. The goal is to achieve competitive returns and settlement efficiency by improving the efficiency, transparency, and accessibility of capital markets to meet investors' evolving needs. Further details of this collaboration and planned new product releases will be announced later this year. OpenAI Signs $300 Billion Computing Power Order with Oracle OpenAI has signed an agreement to purchase $300 billion worth of computing power from Oracle (ORCL.N) over approximately five years, according to people familiar with the matter. This substantial commitment significantly exceeds its current revenue. The deal is one of the largest cloud service contracts ever, reflecting that spending on AI data centers continues to climb to new highs despite growing concerns about a potential bubble in the AI sector. The contract will require 4.5 gigawatts of power capacity, roughly equivalent to the output of more than two Hoover Dams, or the electricity consumption of about four million homes. Oracle's stock price surged 42% on Wednesday after the company disclosed $317 billion in new future contract revenue for its latest fiscal quarter, ending August 31st. The gain has since pared back to 36%. CEO Safra Catz said the company signed contracts with three different customers during the quarter. Minnesota Credit Union to Launch Cloud Dollar Stablecoin St. Cloud Financial Credit Union, a Minnesota credit union, announced it will launch the Cloud Dollar (CLDUSD), the first stablecoin launched by a U.S. credit union. Developed jointly by Metallicus and DaLandCUSO, the stablecoin will be integrated into the credit union's banking system, providing members with instant, low-cost transactions. VanEck plans to apply for a Hyperliquid spot-collateralized ETF. According to market news, VanEck plans to apply for a Hyperliquid spot-collateralized ETF in the US and launch related trading products in Europe. Hyperliquid is a Layer-1 blockchain that launched in 2023 and has recently ranked first in network revenue for four consecutive weeks. VanEck stated that the product's net profit may be partially used to repurchase HYPE tokens, which are currently not listed on major US exchanges. The ETF and ETP products still require regulatory approval. Asset Entities Approves Merger with Strive to Create $1.5 Billion BTC Finance Company. Asset Entities Inc (ASST) announced that its shareholders have approved its merger plan with Strive Enterprises. Strive Enterprises shareholders approved the merger on September 4th, paving the way for the new company (to be renamed Strive Inc.) to pursue a Bitcoin reserve strategy. Former presidential candidate Vivek Ramaswamy co-founded Strive Enterprises in 2022. According to the announcement, the completion of the merger transaction remains subject to Nasdaq listing approval and other customary conditions. Matt Cole, currently head of Strive Asset Management, will serve as Chairman and CEO of the combined company. Strive expects to secure $750 million in private equity financing (PIPE) upon completion of the merger, with potential total financing exceeding $1.5 billion if warrants are exercised. Cole emphasized the company's debt-free structure and stated that it will maximize the number of Bitcoins per share through a disciplined, long-term approach designed to outperform Bitcoin itself.
▌Bitcoin's total network computing power hit a record high
Bitcoin's total network computing power hit a record high, reaching 1.13 ZH/s.
▌The US SEC postponed its decision on the addition of staking functionality to BlackRock and Fidelity's spot Ethereum ETFs
The US SEC postponed its decision on the addition of staking functionality to BlackRock and Fidelity's spot Ethereum ETFs. The number of ETH currently waiting to be unstaked has surged to 2.09 million, setting a new all-time high. Data from ValidatorQueue, an Ethereum staking tracking website, shows that the number of ETH currently waiting to be unstaked on the Ethereum network has surged to 2,093,577, with withdrawal delays currently reported at 36 days and 8 hours. Meanwhile, the number of ETH currently waiting to be staked is currently reported at 806,926, with the current wait time for admission being 14 days. The US SEC has postponed its decision on the addition of staking functionality to the Franklin Spot Ethereum ETF, extending its review period to November 13.
▌U.S. SEC postpones review of Franklin spot XRP ETF application
The U.S. SEC postpones review of Franklin spot XRP ETF application, from the original deadline of September 15 to November 14, 2025.
▌U.S. SEC postpones approval decision on FRANKLIN spot SOLANA ETF
According to market news, the U.S. Securities and Exchange Commission (SEC) has postponed its approval decision on FRANKLIN spot SOLANA ETF.
▌CEA Industries Increases BNB Holdings by 30,000, BNB Tokens, Reaching Total Holdings of 418,888
NASDAQ-listed CEA Industries announced that it has increased its BNB holdings by 30,000 (valued at approximately US$26 million), bringing its total holdings to 418,888, valued at approximately US$368 million.
▌Oblong CEO: Currently Holds Over 21,700 TAO
Pete Holst, President and CEO of Nasdaq-listed digital asset finance company Oblong, released a shareholder letter disclosing that three months ago the company raised US$7 million and invested it all in the purchase of TAO. As of now, TAO token holdings have exceeded 21,700, all of which have been staked on the network. Coinbase will launch spot trading for Solayer (LAYER). Coinbase will launch spot trading for KMNO and DOLO. Coinbase will launch spot trading for Kamino (KMNO) and Dolomite (DOLO). ...
▌U.S. PPI rose 2.6% year-on-year in August.
U.S. PPI rose 2.6% year-on-year in August, in line with expectations for a 3.3% increase; it fell 0.1% month-on-month, in line with expectations for a 0.3% increase.
▌The U.S. Senate Banking Committee approved Milan's nomination to the Federal Reserve Board.
▌The probability of a 25 basis point interest rate cut by the Federal Reserve in September is 92%.
According to CME's "Federal Reserve Watch": The probability of a 25 basis point interest rate cut by the Federal Reserve in September is 92%, and the probability of a 50 basis point interest rate cut is 8%. The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 21.2%, the probability of a 50 basis point cut is 72.6%, and the probability of a 75 basis point cut is 6.2%.
Golden Encyclopedia
▌Can quantum computers really crack Bitcoin?
Bitcoin uses the SHA-256 hash algorithm, an encryption algorithm developed by the National Security Agency (NSA). SHA-256 protects against brute force attacks on the Bitcoin network, as decryption using existing hardware would take decades. However, a new threat to SHA-256 is quantum computing, a computational method that exploits the principles of quantum physics and is far faster than conventional computing. Fundamentally, quantum computing utilizes quantum bits (qubits), which can exist in multiple states. This contradicts binary (traditional) computing, which uses binary bits (1 and 0). In 1994, mathematician Peter Shor proposed an algorithm that enables quantum computers to solve complex algorithms in seconds, while conventional hardware would take decades. Quantum computing combined with Shor's algorithm could break Bitcoin's cryptography as we know it. When creating a crypto wallet, two important items are generated: a private key and a public key. The private key is a secret code, similar to a password, that must be kept secret. The public key is derived from the private key, and the wallet address (similar to a bank account number) is derived from the public key. The private key acts like a master password to control the crypto wallet. Using this private key, the wallet can create multiple public keys, each of which generates a wallet address. While deriving a public key from a private key is simple, deriving the private key from the public key is extremely difficult—nearly impossible—which ensures the wallet's security. It is believed that quantum computing could reverse this process, deriving a private key from a public key. There are concerns that this could cause many Bitcoin holders, particularly those with large Bitcoin wallets and those from the Satoshi era, to lose their funds.
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