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SEC Commissioner Hester Peirce and SEC Crypto Working Group Chief Legal Counsel Taylor Lindman stated in a joint interview that, under the SEC's new innovation exemption, the first tokenized stock trading venues could begin to take shape as early as next quarter. Lindman mentioned that institutions expect companies to release the required notices outlining their operational plans in the coming months, which will be the first public indication of which companies intend to enter the new market. He believes there will be a lag from the announcement to the first companies submitting their notices, possibly at some point next quarter.Last week, the SEC issued a five-year conditional exemption allowing eligible platforms to facilitate the licensed trading of tokenized versions of U.S. listed stocks on public permissionless blockchains through automated market makers and liquidity pools. This relief has taken effect, but venues must issue notices and outline operations, and notify the SEC within one business day after the announcement. Lindman described this model as more on-chain finance rather than DeFi, with each venue having a designated individual or entity responsible for operations and compliance with the exemption conditions.Peirce responded to industry concerns about limits on the number of stocks and trading volumes, stating that the limits are high enough for companies to operate feasibly. She views the restrictions as an iterative approach to bringing tokenized stocks into regulated markets, with the five-year relief not being permanent but rather a bridge to long-term rules. Another potential constraint is the issuer veto right: venues must give listed companies 30 days to object before offering tokenized versions of their stocks created by non-affiliated third parties. Peirce does not expect widespread objections.

According to Bitcoin Magazine, billionaire investor and founder of Draper Associates Tim Draper stated on the Bitcoin Magazine podcast that government spending has not slowed down, which will only lead to two outcomes: hyperinflation or interest rates high enough to collapse banks. He believes that it is "irresponsible" for companies like Apple and Meta not to hold Bitcoin on their balance sheets.Draper suggested in the program that every business should hold at least the equivalent of four weeks of operating expenses in Bitcoin, each individual should hold about six months' worth of Bitcoin reserves, and every government should also hold Bitcoin as a hedge. He further explained that when banks holding cash fail, not having any Bitcoin on the board will expose legal and financial risks.Additionally, Draper linked his $250,000 Bitcoin price target to the next halving event and the subsequent supply shock.

AI Agent Onchain Operating System (AI Agent Onchain OS) X-Agent has released its latest white paper, which introduces its product architecture, MCP ecosystem, business model, and application scenarios of $XAGT.The white paper points out that the next stage of the AI industry is not just about generating text, images, or code, but about enabling Agents to understand user intentions, invoke tools, execute tasks, and complete transactions. Centered around the concept of "Speak to Build, Share to Connect," X-Agent allows users to create AI Agents with context, memory, skills, API, and wallet connection capabilities through natural language, without the need to write code.In terms of business model, X-Agent aims to establish a complete link for Agent creation, MCP capability access, distribution, payment, and monetization. Developers can package APIs, data, and professional services as MCP capabilities and earn income through per-call, subscription, or transaction commission.The $XAGT token is planned to be used for computing fees in secure operating environments, LLM and API calls, Agent transaction settlements, MCP service payments, Premium Agent template purchases, and developer deployments. In the future, it will also expand to scenarios such as service staking, multi-Agent settlements, and ecological governance.According to the project team, X-Agent currently has over 1 million registered users, has completed more than 1.1 million autonomous tasks, and the consumption of LLM Tokens has exceeded 84 billion. In the future, the project will also promote Super-Agent, enterprise sandbox, decentralized Agent Store, and multi-Agent collaboration systems.Through this white paper, X-Agent hopes to further clarify its long-term direction: to enable anyone to create Agents through language, allowing Agents to truly possess the capabilities for execution, distribution, payment, and continuous commercialization.

Regarding the Federal Reserve's decision to raise interest rates by 25 basis points as expected in the September meeting, Huobi HTX Chief Analyst Andy pointed out that what truly deserves attention is the comprehensive hawkish shift in the Federal Reserve's stance. All 12 officials rarely supported the decision unanimously, and the dot plot clearly indicates another rate hike within the year, with tightening becoming a consensus.The core message conveyed by the meeting is that the Federal Reserve is determined to rebuild its credibility against inflation at all costs. The economic forecast summary raised growth expectations and lowered the unemployment rate, reflecting confidence in a soft landing; however, the path for core inflation to decline has been significantly delayed, indicating that the higher-ups have accepted the reality of "higher for longer." Chairman Waller's statement is particularly crucial, placing anti-inflation efforts as an absolute priority. Even though the current economic fundamentals are robust and oil price fluctuations are supply-side factors, the Fed still chooses to respond with a tightening stance. This "better to be too tight than too loose" position has temporarily pushed up U.S. Treasury yields and the dollar, while suppressing gold.For the cryptocurrency market, uncertainty has actually decreased. A clearer policy path helps compress risk premiums, which is not a bad thing for risk assets in the medium to long term. The key going forward lies in data validation: if employment and growth remain strong, rate hikes may continue but at a slower pace; if the economy shows cracks, there is still room for a policy shift. Overall, the Federal Reserve is trading short-term pain for long-term policy credibility.

Federal Reserve Chairman Waller stated that the employment aspect of the Federal Reserve's responsibilities is currently in good shape.

Payments industry publication PaymentsJournal has published a deep-dive article, Navigating Latin America’s Complex Payment Ecosystem, examining the region’s evolving payments landscape, including domestic payment rails, cross-border settlement, stablecoins and payment orchestration. The article draws on PhotonPay’s research report, The Next Payment Infrastructure in LATAM, as a reference for its analysis. The article highlights the highly fragmented nature of Latin America’s payments market, where countries such as Brazil, Argentina and Mexico have developed distinct payment systems, currencies, providers and regulatory frameworks. At the same time, stablecoins are gaining traction in cross-border payments, offering an additional layer for liquidity and settlement, while local payment rails remain essential for reaching businesses and consumers in individual markets. PaymentsJournal argues that the next phase of payment infrastructure in Latin America may not be about creating a single regional rail, but about connecting diverse local payment systems, currencies and global liquidity through a more unified infrastructure layer. In this model, stablecoins can facilitate cross-border movement and settlement of value, while payment orchestration connects and manages the local rails, providers and fund flows businesses need to navigate. PhotonPay’s research explores these infrastructure trends and the changing dynamics of payments across the region.

Investor Mike Vernal stated on X that the software industry may repeat the barbell phenomenon seen in the newspaper industry of the 1990s. After the internet brought distribution costs to zero, The New York Times' subscriptions increased from a print circulation of 1.113 million in 2002 to about 13.4 million, while the Los Angeles Times, Chicago Tribune, and Dallas Morning News saw declines of 73% to 91%, with the middle tier disappearing.Vernal believes that AI is driving the costs of copying, migrating, and integrating software close to zero, eroding traditional moats, and reducing the importance of switching costs and network effects, while economies of scale and branding are rising. In the future, each procurement center for enterprise software will have one AI-native system, small and medium-sized enterprises will lean towards integrated systems, and medium-sized point solutions may be consolidated or disappear. He suggests that venture capital-supported software companies "go all in," with the moat being the extreme replication cost of building massive software daily and reinvesting. At the same time, a large number of small software solutions may emerge, similar to the Shopify ecosystem of the D2C era.

According to BBX data, global capital giants and publicly listed Bitcoin treasury companies disclosed the latest developments in asset purchases and asset management entities over the weekend. The core information is as follows:Cardone Capital increases its holdings by 20 Bitcoins: Grant Cardone, CEO of the well-known real estate investment company Cardone Capital, stated on social media that the company has recently increased its holdings by 20 Bitcoins in the secondary market, continuing to view it as an important component in combating traditional fiat currency inflation and optimizing treasury allocation.Metaplanet establishes an Asian asset management subsidiary to accelerate the advancement of the "Project Nova" strategy: The Japanese listed company Metaplanet (TSE: 3350) officially announced the establishment of a wholly-owned subsidiary, Metaplanet Asset Management Asia Limited, as the group's core trading execution and asset management hub during the Asian time zone. The initial capital contribution for this subsidiary is set at 1 million USD, with an expected official establishment in September 2026. This entity will collaborate with the previously established asset management company (MAM) in Miami, USA, to form a 24-hour cross-time zone synergy, focusing on asset trading execution, position risk control, and market dynamics monitoring during the Asian time zone. Its main investment targets include Bitcoin, Bitcoin-related stocks, and priority securities issued by Bitcoin treasury companies, among other credit instruments. This move is an important step for Metaplanet in advancing the "Project Nova" Bitcoin financial platform strategy, and the company expects this investment to have a slight impact on the consolidated performance for the period ending December 2026.

According to Forward Industries (NASDAQ: $FWDI) in a public letter, the company's General Counsel Georgia Quinn officially responded to SEC Commissioner Hester Peirce's statement on July 22, 2026, titled "Headstands and Summervaults," and proposed a three-tier vault regulatory framework centered on "management freedom" as a core variable:• Type I - Use: Developers provide out-of-the-box software, and users configure parameters themselves without registration;• Type II - Follow: Referencing the SEC's 2013 no-action letter regarding AngelList, Angels set strategies for others to follow, meeting conditions such as co-investment and information disclosure, without needing to register as investment advisors;• Type III - Advised: Involves active management, requiring registration or applicable exemptions, suggesting that the SEC and CFTC jointly regulate to avoid dual compliance conflicts.The article also presents five baseline requirements applicable to all vaults, including conflict of interest disclosure, code public audit, exclusion of disqualified persons, applicability of anti-fraud rules, and state law preemption. The article specifically notes that Peirce's statement did not mention the CFTC, and the inter-agency regulatory issues regarding mixed-asset vaults urgently need to be addressed by the SEC and CFTC.

Flop Labs CEO Arthur Hayes announced that the FLOP Network v0.5.0 yellow paper draft has been released, proposing an AI inference measurement and settlement network based on Substrate/FRAME, utilizing the BABE block production and AlephBFT finality mechanism.The project's official roadmap indicates that the FLOP testnet is planned to launch in Q4 2026, with token airdrops through participation in testing, and the mainnet target is set for Q1 2027; currently, the yellow paper remains a draft, and several parameters and mechanisms have yet to be finalized.

OpenAI plans to begin deploying the AI chip Jalapeño developed with Broadcom by the end of this year, while also advancing collaboration with accelerators from NVIDIA, AMD, and other partners.

Brazilian banks are expanding their cryptocurrency services for customers. According to Folha de S.Paulo, Brazil's largest asset management bank, Itaú, now offers 15 types of cryptocurrencies, including Bitcoin, Ethereum, and the US dollar stablecoin USDC, through its investment app. Brazil's largest fintech company, Nubank, has listed 28 types, and Banco do Brasil, the most profitable state-owned bank in Brazil, has seen transaction volumes exceed 11 million reais (approximately 2.1 million USD) since launching direct purchase services for Bitcoin and Ethereum in January of this year.However, customer cryptocurrency transactions have not entered the banks' balance sheets. A document from the central bank dated March 2026 shows that Brazilian banks hold zero virtual assets on their books. Over the past year, Itaú, Bradesco, Santander, Banco do Brasil, and Nubank have all expanded their cryptocurrency product lines, while the Brazilian cryptocurrency market has also reached record sizes. According to data from the Brazilian Federal Revenue Service, Receita Federal, Brazilians transferred 505.5 billion reais (approximately 98.7 billion USD) through cryptocurrencies in 2025, more than five times that of 2020, with corporate transactions accounting for 98.3%.This move by banks coincides with the implementation of regulations. In 2022, Brazil passed the "Virtual Asset Legal Framework," granting regulatory authority to the central bank. Three resolutions issued in November 2025 require any institution allowing customers to trade, hold, or send cryptocurrencies to obtain a license, meet minimum capital requirements, and segregate customer accounts, with a compliance deadline of October 30, 2026.

Arthur Hayes released a new project FLOP white paper on social media. FLOP is a proof of useful inference (PoUI) blockchain and native currency aimed at the agent economy, where AI agents can use FLOP to pay miners for inference fees. The network adopts an architecture that combines PoUI with account-based chains, where agents submit session requests to the memory pool containing model weight hashes, maximum latency, computational load, confidentiality flags, and fees. Miners complete the inference and return proofs, which validators incorporate into blocks to complete settlements.The initial supply of FLOP is approximately 2.48346 billion tokens, all allocated for airdrops, with no VC pre-mining or auctions. The first phase of reward distribution allocates 75% to miners, 10% to validators, 10% to agents, and 5% to regular stakers. The average block time for the network is 1 second, with a roadmap goal of sub-second block times. The initial block reward is 96 FLOP, halving every 730 days, for a total of five halvings, after which it will permanently remain at 3 FLOP.The maximum number of validators is capped at 1,000, with approximately 50 rotating monthly based on verified workload and online rates. Miners and validators must stake FLOP, and malicious behavior may face penalties of up to full forfeiture and bans. Governance is conducted through FLOP improvement proposals, requiring a two-thirds approval from active validators in most cases.

a16z Charts compiled recent data indicating that since January 2025, tech recruitment has shown a clear preference for years of experience, while the requirements for the number of skills have decreased, with a change of about 5% to 10%.The charts show that companies are lowering the weight of skill lists when screening positions, and are instead placing more emphasis on candidates' accumulated experience. This change is related to the skill gaps brought about by AI, which is rewriting the safety and employment landscape.

According to Onchain Lens monitoring, the mysterious whale of ShapeShift transferred 2,759 ETH to a new address in the past week, worth approximately 6.77 million dollars.Currently, this whale holds 147,320 ETH, worth approximately 351.35 million dollars; it held 149,290 ETH during the last update.