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On September 2, Curve DAO approved proposal 1492, appointing yRisk as the risk provider for crvUSD and Llamalend, concluding the selection process that began in July. The proposal passed with 621 million veCRV votes in favor, with only 5.33 votes against, and was executed 87 minutes after the voting ended. yRisk will receive a one-year revocable grant, including a principal of 125,000 frxUSD (held in sfrxUSD) and 568,000 CRV, while their previously requested annual funding amount was $250,000.yRisk consists of two members, who claim to be the main developers of Resupply, as well as core developers for Yearn and Resupply. Resupply is a stablecoin and lending protocol built on crvUSD and CurveLend, which lost $9.6 million in June 2025 due to a donation attack vulnerability, although this incident was not mentioned in the proposal. The reviewer, Swiss Stake, confirmed yRisk's experience with Curve but expressed concerns about their limited two-member team and the workload required to cover multiple Llamalend market monitoring scopes.LlamaRisk, which previously held the position, announced the early termination of its cooperation with Curve on May 29, ceased related work on June 30, and returned approximately 270,000 crvUSD of unallocated funds to the treasury. Curve founder Michael Egorov initiated a proposal solicitation on July 7.

Cointelegraph reported that the crypto-friendly bank Revolut has received conditional approval from the Office of the Comptroller of the Currency (OCC) to obtain a national bank charter in the United States.The company aims to launch related services by 2027, which will include loans, credit cards, custodial deposits, and cryptocurrency access services.

The Office of the Comptroller of the Currency (OCC) has preliminarily approved OpenReserve's application for a national bank charter. The company completed a $25 million seed round of financing in April, led by a16z crypto, with participation from Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona, and the Middle Eastern venture capital fund AAF Management.OpenReserve is led by fintech executives including Dee Choubey, co-founder of MoneyLion, and is committed to combining traditional banking, blockchain infrastructure, and digital asset services, utilizing digital assets and technology to achieve 24/7 operations. OpenReserve is also applying for Federal Deposit Insurance Corporation (FDIC) insurance and has submitted its application to the FDIC.

According to DefiLlama data, the Robinhood chain token issuance platform Pons has reached a protocol fee of 6.33 million USD in the last 24 hours, setting a new record and becoming the largest token issuance platform by protocol fees, surpassing Pump.fun. Among all protocols, Pons ranks fourth in fees over the last 24 hours, following Tether, Uniswap, and Circle. Pons' protocol revenue ranks 8th across the network.On September 2, the Pons platform issued nearly 25,000 new tokens, an increase of nearly 19% compared to Tuesday, with a 24-hour trading volume of 544 million USD. Data shows that since July, the platform has issued approximately 646,000 tokens from over 167,000 different creator addresses.

According to CoinDesk, Bitget CEO Gracy Chen told CoinDesk that Bitget is in talks with several large global financial institutions, including BlackRock, to help expand the distribution of digital asset products in Asia. Gracy Chen cited BlackRock, the world's largest asset management company, as an example, stating that it hopes to expand the distribution of tokenized ETFs in Asia and mentioned, "We maintain very close communication with BlackRock regarding distribution in the Asian market."A spokesperson for BlackRock responded that the company's cryptocurrency exchange-traded products (ETPs) have been launched in Asia and confirmed that it regularly collaborates with virtual asset service providers on different projects, but did not comment on specific expansion plans in the Asian market. According to an OECD report, as of June 2025, the trading volume of blockchain cryptocurrency assets in Asia is expected to grow by 69% year-on-year, the highest growth rate among all global regions.BlackRock manages assets totaling $11.6 trillion. At the 2026 Hong Kong Consensus conference, Nicholas Peach, head of BlackRock's Asia-Pacific iShares division, stated that Asian household wealth is approximately $108 trillion, and even if only 1% is allocated to cryptocurrency assets, it could lead to nearly $2 trillion in inflows. Bitget has 125 million registered users globally, with about half located in East Asia and Southeast Asia. Company data from Q1 2026 shows that 52% of users hold both cryptocurrencies and traditional stocks.

Circle President and former CFTC Chairman Heath Tarbert stated at a hearing of the U.S. House Financial Services Committee that the GENIUS Act has established a federal regulatory framework for payment stablecoins, equivalent to building a "dollar layer" for the internet financial system. He urged Congress to next pass the CLARITY Act to complete the long-term regulatory framework for the "market layer" of digital assets.In addition, Tarbert also urged that the final implementation rules of the GENIUS Act should close the regulatory arbitrage space for offshore stablecoins, requiring intermediary institutions that actually serve U.S. customers to be subject to corresponding restrictions, and ensuring that foreign stablecoin issuers meet truly comparable regulatory standards.

According to the UK magazine "Fortune," the largest investment platform in the UK, Hargreaves Lansdown (HL), will open Crypto ETN trading to its approximately 2 million investors starting from September 3. The first batch will include 9 BTC and ETH ETNs, issued by companies such as BlackRock's iShares, WisdomTree, 21Shares, Invesco, CoinShares, and Bitwise, with annual fees ranging from 0% to 0.35%.HL had previously been the major investment platform in the UK that had not opened Crypto ETNs and stated last October that "BTC is not an asset class." These related products will be offered to users of its Advanced Investing service, and investors must pass a suitability test and comply with a 24-hour cooling-off period during their first transaction.

Federal Reserve Governor Waller stated that if the inflation data in August performs strongly, he will consider supporting an interest rate hike in September. Communication regarding the reaction function helps the public plan, and a significant acceleration in inflation may not be necessary to support a tighter policy stance.

For the week ending August 29, the number of initial unemployment claims in the United States was 206,000, the highest since the week of August 15, with an expectation of 205,000, and the previous value revised from 203,000 to 204,000.

NVIDIA (NVDA.O) has agreed to acquire Hugging Face for $12.9303 billion.Hugging Face will continue to operate as an open platform for the entire AI ecosystem. The equity retention plan for Hugging Face employees joining NVIDIA is up to $1 billion.

B.AI platform announces that Anthropic's latest Mythos-level general model Claude Fable 5.1 is now officially integrated with the API.This model uses the same underlying model as Claude Mythos 5.1, specifically optimized for high-intensity coding, long-term agent workflows, and complex knowledge tasks. It achieved an excellent performance of 73.4% at maximum computational intensity in the CursorBench 3.2.0 test.API access is now open, and developers can enjoy exclusive discounts—official channels as low as 15% off, and self-selected service providers as low as 40% off. B.AI continues to introduce top global models, providing developers with more powerful and cost-effective AI capability options.

According to Decrypt, New York City Mayor Zohran Mamdani and Education Director Kamar Samuels announced a one-year ban on the use of generative AI for students from 2-K to eighth grade, starting from the 2026-27 school year, affecting nearly 600,000 students, about two-thirds of the city's enrollment. All generative AI software aimed at students is prohibited, and companion chatbots are banned across all grades, including high school.Mamdani stated that the tech industry wants people to view AI-driven early education as an inevitable and necessary trend, but the city government disagrees. He believes that children need teachers and interpersonal interaction to learn and grow. During the ban, New York City will study the impact of AI and tighten screen time: students in second grade and below will be limited to one-on-one device use, while grades three to five will have a daily limit of 30 minutes, and grades six to eight will have 45 minutes.Meanwhile, about 50,000 high school students (about 5%) will be allowed to use approved tools in up to five classes per school, including text analysis tool Quill, math tutoring platform Edia, Intel AI-Ready Schools, Brisk Teaching, and Playlab. Each high school student will also participate in two 45-minute AI literacy courses each year, covering AI fundamentals, bias, risks, ethics, and career impacts. Teachers may still use AI for lesson preparation and administrative work within safety standards, while assistive technology for students with disabilities, multilingual learners, and career preparation programs in computer science will be exempt.

BTC OG insider whale agent Garrett Jin released a market outlook indicating that the macro environment has clearly tightened this week, with Brent crude oil approaching $95, and the yield on the U.S. 10-year Treasury bond breaking through 4.8%. The market's expectation of a rate hike by the Federal Reserve in September has risen to about 70%. Bitcoin has slightly retraced under this pressure but successfully held the key support level of $76,600, then rebounded to the high range of $77,000.On-chain cost basis data shows that a significant amount of new supply has formed in the $75,000 to $80,000 range, providing strong support for the market; the $80,000 to $82,500 range is currently the largest concentration of resistance. A daily close above $82,500 and a successful retest confirmation will be a key signal for supply clearance. In terms of ETF liquidity, there was a net inflow of about $3.5 billion into U.S. spot ETFs in August, but a two-way flow has appeared at the start of September, with a net outflow of about $237 million on Tuesday, and retail activity has also cooled down.Regarding downside risks, if the daily close falls below $76,600, and ETF flows, Coinbase premiums, and 7-day net realized profits all weaken simultaneously, it will be seen as a clear warning signal. This Friday's non-farm payroll data will be the next important macro testing point; if the data is hot, it will strengthen rate hike expectations, and the $76,600 support may come under pressure again.

According to YNetNews, the first Israeli star to enter the NBA, Omri Casspi, announced that his venture capital firm Swish Ventures has completed a $250 million fundraising for its third fund, increasing the firm's assets under management to approximately $800 million.The new fund is expected to invest in about 12 startups, with an average single investment of around $20 million, focusing on areas such as cybersecurity, artificial intelligence, and infrastructure, primarily targeting seed and Series A financing. Swish Ventures has currently invested in 20 companies, including Cognition AI, Applied Compute, EON, Wonderful, Upwind, etc., of which 8 have reached unicorn valuations, with a total valuation of its portfolio companies exceeding $60 billion.

Geoff Kendrick, the Global Head of Digital Assets at Standard Chartered Bank, stated that the global monthly trading volume of stablecoins has reached approximately $7 trillion, with Solana accounting for about one-fifth of stablecoin transactions.The interview also discussed the development trends of stablecoin payments and settlements by 2026, as well as how different blockchain networks are forming their own application positioning. Geoff Kendrick shared the progress of enterprises adopting stablecoins and stated that enterprise-level applications will become an important driving force for the further popularization of stablecoins.

CryptoQuant analyst Zizcrypto stated that the Stablecoin Supply Ratio Oscillator (SSR Oscillator) 90-day reading quickly rose to the "strong stablecoin buying demand" zone, reaching 3.74 on August 21, close to the peak of about 4 expected in November 2024. Since then, the indicator has started to decline, while BTC is currently trading around $77,000.The rapid rebound of the stablecoin demand indicator coincided with a strong liquidity pulse that occurred earlier in the market. However, what is more concerning now is not the short-term spike itself, but whether this demand signal can be sustained. If the 90-day SSR Oscillator continues to decline and falls back below the "high" zone, the confirmation strength of this indicator regarding the sustained increase in stablecoin buying demand will weaken. Currently, this change appears more like a liquidity pulse rather than a formed persistent demand expansion cycle.The demand signals from the stablecoin side have indeed strengthened significantly recently, but the 90-day oscillation indicator has already started to cool down from its peak of 3.74. If it cannot maintain itself in the "high" zone, then whether this liquidity improvement can evolve into more lasting demand growth remains in question.

On September 3, the B.AI platform DeepSeek-V4-Flash and DeepSeek-V4-Flash-Vision-Exp discount officially took effect. The platform adds a 50% discount on top of the DeepSeek official peak and valley pricing mechanism, with peak hours at 50% of the official price and off-peak hours as low as 25% of the official peak price.At the same time, the models GLM-5.3-Flash, Qwen3.8-Flash, Hy3, and MiMo V2.5 remain 100% free to access.

Echo Base is an institution focused on stabilizing digital asset companies, assisting in the formation of the BitMart Creditors' Committee, representing users holding frozen assets, and hiring legal advisors to evaluate recovery plans, including applying for bankruptcy proceedings without financial support. Echo Base had proposed a funding plan of up to $10 million to support BitMart in submitting a pre-negotiated bankruptcy application, but received no response from BitMart.Echo Base stated that the relevant actions stem from BitMart's failure to respond to the restructuring proposal and user withdrawal requests. Sonn Law Group has initiated an investigation for users with frozen assets of $500,000 or more at BitMart, assessing potential claims and asset recovery plans. Echo Base CEO Roshan Dharia stated that BitMart's employee plan can only sustain operations until January 2027, and the longer the delay, the fewer viable options there will be.

According to Decrypt, Judge Rosemarie Aquilina of the Ingham County Circuit Court in Michigan has issued a preliminary injunction against the prediction market platform Kalshi, requiring it to stop offering sports betting-related contracts to Michigan residents. The court found that Kalshi's related business is essentially "sports betting disguised as investment opportunities."Under the order, Kalshi must block in-state users through a third-party geolocation service licensed by the Michigan betting regulatory agency, or face a daily fine of $500,000. The injunction also prohibits it from allowing account registration, deposits, advertising, and similar sports betting product features for Michigan residents until a final judgment is made in the case.

Alea Research published that Sky, BlackRock, and Circle together account for half of the yield-bearing stablecoin market. There are a total of 26 products in the market, with a total scale of $21.43 billion.The top three are sUSDS (23.8%), BUIDL (16.7%), and USYC (12.7%), which together account for 53.1%, while the remaining 23 products share the rest of the market.