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Former client manager Lin Junxian of China Construction Bank (Asia) Co., Ltd. admitted to conspiring with an employee of a fintech company and his accomplices to accept bribes, totaling over 470,000 US dollars in cryptocurrency "Tether," to illegally certify multiple false documents without bank authorization, serving as collateral for several insurance-related investment transactions.An internal investigation by China Construction Bank (Asia) uncovered the incident, which subsequently led to a corruption complaint to the Independent Commission Against Corruption (ICAC) and provided full assistance. Judge Lin Jin Hong postponed the sentencing of the case to September 18, during which the defendant remains in custody under the supervision of the Correctional Services Department.

Market news indicates that Apollo is considering raising a $9 billion loan from SoftBank to invest in OpenAI.

Mitul Kotecha, Head of Foreign Exchange and Emerging Markets Macro Strategy at Barclays Asia, stated that the Federal Reserve's interest rate hike decision makes a rate increase by the Bank of Japan almost inevitable. The yen has depreciated by more than 1.1% since the Federal Reserve's decision, while the dollar has appreciated by 0.7% against major trading partner currencies.

OpenAI CEO Sam Altman will attend the state dinner hosted by U.S. President Donald Trump for Chinese leader Xi Jinping. OpenAI stated that Altman has been included in the guest list for the event next week.The White House did not immediately confirm whether Altman would attend the state dinner.

The liquidator of the bankrupt cryptocurrency lending platform Celsius Network has sued BitMEX, accusing it of fraud and market manipulation during forced liquidations in March 2020 amid the COVID-19 pandemic, seeking the return of 6,360 BTC, equivalent to approximately $495 million at current prices. The lawsuit was filed on September 12 in the U.S. Bankruptcy Court for the Southern District of New York by the litigation manager appointed in the Celsius bankruptcy case, Blockchain Recovery Investment Consortium.The defendants include five entities: HDR Global Trading, ABS Global Trading, Shine Effort, 100x Holdings, and HDR Global Services, registered across Bermuda, the Cayman Islands, the United Kingdom, Hong Kong, Seychelles, and the United States. Celsius claims it lost 1,325.84 BTC during a liquidation on March 12, 2020, and is seeking to recover debts transferred by the investment fund JST, which lost 5,034.33 BTC the following day. The positions held by both could only be profitable when Bitcoin was rising or stable, and the lawsuit alleges that BitMEX simultaneously controlled the system that decided when customers were liquidated and the insurance fund that profited from the liquidations.The allegations have not yet been verified, and this is the second lawsuit BitMEX has faced since announcing its liquidation in July; the exchange will cease trading on September 23.

According to Bloomberg, Deutsche Bank has announced the launch of a digital asset custody service, planning to provide secure custody and transfer functions for Bitcoin, Ether, and some stablecoins for institutional and corporate clients, with plans to expand to tokenized financial instruments in the future. The service is initially aimed at German clients and is pending regulatory approval.Deutsche Bank is primarily targeting asset management companies, hedge funds, custodians, brokerages, sovereign institutions, and corporate clients, while also viewing digital asset companies as a third target customer group. The report noted that European banks such as UniCredit are also evaluating the expansion of digital asset custody and brokerage services.

The credit default swaps of SoftBank Group are hovering near a three-year high, as traders assess the potential impact on OpenAI's financing plans. SoftBank has committed to investing $64.6 billion in OpenAI.OpenAI is in early negotiations with investors, planning a new round of financing before its initial public offering, with a valuation exceeding $1.2 trillion.

According to informed sources, Nvidia CEO Jensen Huang plans to attend the state dinner hosted by U.S. President Donald Trump next week with Chinese leader Xi Jinping. The source, who wished to remain unnamed due to the invitation list not being made public, indicated that Huang is expected to be a guest at the event as part of his trip to Washington.Nvidia representatives declined to comment, and the White House did not immediately respond to a request for comment.

Carolyn Wilkins, a member of the Bank of England (BoE) Monetary Policy Committee, stated that the growth of dollar stablecoins may reinforce the global dominance of the dollar and increase the demand for U.S. Treasury bonds. She pointed out during a speech at Queen's University Belfast that dollar stablecoins can facilitate cross-border settlements and expand access to dollar-denominated assets outside the United States.Stablecoin issuer Tether's USDT and fintech company Circle's USDC held nearly $150 billion in U.S. Treasury bonds by the end of 2025, purchasing about $33 billion that year. Wilkins noted that large-scale stablecoin redemptions could force issuers to sell Treasury bonds, thereby amplifying volatility in pressured markets. Currently, the total circulation of stablecoins has exceeded $300 billion, with 98% of their value pegged to the dollar. Wilkins stated that this gives the dollar a significant first-mover advantage, and the development of the stablecoin market has implications beyond the cryptocurrency sector.The development of pound stablecoins is relatively slow. The UK's Financial Conduct Authority has tested potential issuers through a dedicated regulatory sandbox and finalized the UK's stablecoin issuance rules in June; the Bank of England has also tested the feasibility of using stablecoins alongside a simulated digital pound for cross-border trade payments.

According to CoinDesk, the European Central Bank (ECB) called on e-commerce and mobile commerce merchants in the Eurozone on Tuesday to participate in the digital euro pilot program, preparing for the potential issuance of a retail central bank digital currency in 2029. The pilot will test the technology, operational processes, and user experience of the currency's beta version, which, while similar to the digital euro, is not legal tender.The pilot will last for 12 months and is scheduled to launch in the second half of 2027, with the final issuance still requiring legislative and management committee decisions. In the weeks prior, the European Central Bank selected 36 banks and payment institutions to participate in the testing phase. The pilot will involve the European Central Bank, the central banks of 19 Eurozone countries, and selected merchants, with central bank staff testing scenarios such as online and offline transfers between individuals, in-store payments, e-commerce, and mobile commerce payments.European Central Bank President Christine Lagarde stated that the digital euro is essential for maintaining European monetary sovereignty and reducing dependence on dollar-pegged stablecoins. The European Central Bank believes that the proliferation of private dollar stablecoins like Tether's USDT and Circle's USDC poses a threat to European monetary autonomy. Isadora Arredondo, Vice President of Global Policy at Hedera, stated that the success of the digital euro depends more on commercial viability, and merchants need incentives, while payment service providers may consider lowering the fees for merchants accepting digital euro payments.

According to The Wall Street Journal, informed sources said that the database used by the Federal Reserve to monitor banks experienced a failure last month that lasted more than a day. This failure involved the Federal Reserve's National Information Center, which is used to provide bank-related data to regulators.It is reported that the National Information Center database experienced a failure lasting over 24 hours around August 5. Senator Elizabeth Warren stated in a letter that this database failure raised concerns about how staff cuts at the Federal Reserve might affect system maintenance and bank regulatory work.

According to Semafor, the White House Council of Economic Advisers (CEA) will launch an interactive tool on Tuesday that allows users to set parameters and run scenarios to support its previous conclusion that "there is no substantial correlation between the growth of stablecoins and the loss of deposits at community banks."This move aims to garner support from Senate Republicans to advance the CLARITY Act and respond to banking groups, which stated on Monday that the latest modifications to the bill are still insufficient to alleviate their concerns about the stablecoin provisions. Several Republican senators hinted at the possibility of voting against it, while pro-crypto Democrats expressed dissatisfaction that the ethical provisions do not sufficiently constrain Trump. The bill requires at least 60 votes to advance.

According to The Block, Standard Chartered Bank has initiated coverage research on the Arbitrum (ARB) token for the first time, giving a target price of $10 by the end of 2030, which is approximately a 70-fold increase from the current price.Geoff Kendrick, the global head of digital asset research at the bank, stated in a report to clients that ARB is expected to outperform Bitcoin and Ethereum during the forecast period. Standard Chartered also predicts that Ethereum will reach $4,000 by the end of 2026 and $40,000 by the end of 2030, while Bitcoin will reach $100,000 by the end of 2026 and $500,000 by the end of 2030.Kendrick pointed out that Arbitrum is acting as an enterprise-level infrastructure provider, helping traditional financial institutions migrate assets on-chain. According to the Arbitrum expansion plan, the network can receive a rolling fee equivalent to 10% of net protocol revenue from external chains using its tech stack. After the launch of Robinhood Chain on July 1, Standard Chartered estimates that Arbitrum could earn about $5 million in AEP fees in September; the average daily fee revenue for Robinhood Chain in the first two weeks of September was $2.8 million, and Arbitrum's monthly total revenue has increased more than fivefold compared to the levels before the chain's launch.

According to a report by Sina Finance, Lin Junxian, a former client manager of China Construction Bank (Asia) Corporation Limited, admitted to conspiring with an employee of a financial technology company and his accomplices to accept bribes, totaling over 470,000 US dollars in cryptocurrency "Tether." They illegally certified multiple false documents without the bank's authorization to secure several insurance-related investment transactions.An internal investigation by China Construction Bank (Asia) uncovered the incident, which was subsequently reported to the Independent Commission Against Corruption (ICAC) along with full cooperation. Judge Lin Jianhong has postponed the sentencing of the case to September 18, during which the defendant will remain in custody under the Correctional Services Department.

According to Bits.media, the Central Bank of Russia has listed cryptocurrencies as financial market risks in its overview "Main Development Directions of the Russian Financial Market in 2027 and 2028 to 2029," expressing concerns that more and more Russians are using digital assets like stablecoins as substitutes for the national currency.The central bank stated that investing in digital currencies carries the risk of total loss, with no responsible parties or guarantees. The central bank also pointed out that cryptocurrencies circulate outside of various jurisdictions, reducing the effectiveness of national restrictions and bans, and the lack of unified global regulation creates conditions for the growth of shadow markets. The central bank advocates for criminal liability for unlicensed organizers of digital currency circulation and administrative liability for legal market participants who violate regulations.

U.S. Treasury Secretary Scott Bessenet stated on social media: The CLARITY Act is crucial for ensuring that the United States wins the global new technology race. This is also the reason Congress passed the GENIUS Act, aimed at ensuring the construction of revolutionary financial technology infrastructure for stablecoins in the United States.Bessenet noted that ensuring the continued prosperity of the U.S. community banking sector has been a consistent focus since he took office. The government's dual emphasis on promoting the development of new digital technologies and appropriately adjusting community bank regulations is key to driving U.S. economic growth in both sectors. The final draft of the CLARITY Act advances this mission by granting the Treasury Secretary additional powers to take action when changes in the facts of deposit outflows adversely affect community banks.Bessenet stated: If stablecoins harm community banks, he will not hesitate to use these tools to ensure they are fully protected. Community banks are vital to the performance of the U.S. economy and Main Street growth; economic security is national security, and community banks play an important role in this principle.

According to Eleanor Terrett, host of Crypto In America, eight banking industry associations stated in a letter to Senate leaders that the newly added "circuit breaker mechanism" for deposit outflows in the revised Clarity bill text is not a safeguard at all, believing that this mechanism will only be activated after a significant outflow of deposits has already occurred.The aforementioned associations called for further tightening of the wording related to stablecoin rewards to close what they believe are still potential loopholes that could allow for interest payments on stablecoin balances, with the core demands largely unchanged.

Bank of America raised its year-end target for the S&P 500 index from 7,100 to 7,400 and predicts a target of 7,800 for the S&P 500 index over the next 12 months.

The NFT game project Pixelmon stated on its official Discord that the latest round of game testing conducted by external publishers yielded unsatisfactory results. The team has decided to cease further polishing or testing of the existing game and stop all game development.Pixelmon has notified the game team members and provided severance arrangements. Pixelmon had completed a $8 million seed round of financing in 2024, with investments from Animoca Brands, Delphi Ventures, Foresight Ventures, Amber Group, and others.