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The Bangko Sentral ng Pilipinas (BSP) has released a proposed announcement to suspend the acceptance of new applications for registration of payment system operators (OPS) for 12 months and to implement stricter controls on payment arrangements involving virtual asset service providers (VASP). The BSP stated that this move aims to conduct a comprehensive review of its classification and licensing framework.According to the draft, during the suspension period, the BSP will stop accepting and processing OPS applications. Applications submitted prior to the suspension can continue to be evaluated, but will not be approved or rejected until the suspension ends. Relevant entities are prohibited from conducting business activities that require OPS registration unless they obtain special authorization from the regulatory agency. In addition, BSP-regulated entities providing merchant acquiring services must connect licensed VASPs through direct merchant arrangements, and such relationships will be subject to enhanced due diligence, transaction and settlement limits, and other risk control measures.This requirement applies to virtual asset enterprises licensed, registered, or authorized by the BSP, the Securities and Exchange Commission of the Philippines, or other regulatory agencies, with VASPs being categorized alongside betting, gaming, adult industry, and money service businesses. If the draft is ultimately approved, it will take effect 15 days after publication, and the BSP is currently seeking public comments.

The Research Institute of Financial Technology at Renmin University published a compiled article on stablecoin research in the Journal of International Money and Finance. The related research is based on large language model (LLM) agents analyzing the de-pegging risks of stablecoins, which indicates that the de-pegging of stablecoins has significant nonlinear and threshold characteristics. The arbitrage mechanism can absorb a certain degree of informational pressure, but when the severity of the narrative reaches a "critical threshold," the system may quickly enter a state of sustained de-pegging.

As of the end of August, China's gold reserves reported 76.73 million ounces (approximately 2,386.57 tons), an increase of 650,000 ounces (approximately 20.22 tons) month-on-month. The People's Bank of China has increased its gold holdings for the 22nd consecutive month.

According to Caixin, the "Management Measures for Online Marketing of Financial Products" jointly issued by the central bank and eight ministries will officially take effect on September 30, 2026. The measures aim to clarify the boundaries between finance and technology, and do not completely prohibit the online promotion of financial products, but rather provide specific guidance and regulations for marketing activities. It is specified that marketing financial products through public accounts, live broadcasts, and short videos should be conducted on the self-operated platforms of financial institutions or on accounts legally established by financial institutions on third-party internet platforms.In addition, marketers must be employees of financial institutions, possess qualifications for engaging in related business, and obtain authorization and consent from financial institutions. This means that if Key Opinion Leaders (KOLs) want to promote financial products, they must be certified to do so.

According to the official announcement from Gate, 207 U.S. stock assets including Visa (V), Wells Fargo (WFC), Raytheon Technologies (RTX), Target (TGT), and Pfizer (PFE) have recently completed cash dividend distributions. Gate has completed the corresponding USDT settlement based on users' holdings, and the related process is handled automatically.This dividend distribution covers U.S. stock assets with dividend payment dates from August 31, 2026, to September 4, 2026, encompassing multiple industry sectors including technology and semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, real estate REITs, utilities, materials manufacturing, media and entertainment, telecommunications, and strategic ETFs.

According to TrendForce's latest research on the memory industry, in the second quarter of 2026, due to a significant increase in the contract price of Conventional DRAM, the overall revenue of the DRAM industry is expected to grow by 59.5% quarter-on-quarter, reaching nearly 154.73 billion USD.With the training of LLM models and AI inference stimulating the demand for AI Servers, shipments of HBM3e, LPDDR5X, and high-capacity RDIMMs are growing simultaneously, while Agentic AI applications are driving the demand for RDIMMs of various capacities. On the supply side, manufacturers' inventories are at a low point, and new supply is prioritized for Server applications, leading to a slight growth in overall DRAM bit shipments in the second quarter.

Samsung Electronics' wafer foundry division has recently surpassed 50% in the allocation of production capacity for the sixth-generation high bandwidth memory HBM4 substrate chips in the 4-nanometer process. The industry states that this division will invest more than half of its 4-nanometer wafers into HBM4 substrate chip manufacturing in the second half of this year to expand supply to companies like NVIDIA, Broadcom, and AMD.Samsung initiated mass production and shipment of HBM4 in February this year and plans to increase supply starting from the third quarter, significantly increasing the related wafer input since mid-year. This chip is based on Samsung's wafer foundry 4-nanometer (SF4) process. As of last month, over 50% of its total 4-nanometer capacity has been allocated to HBM4 substrate chips. According to insiders, Samsung's 4-nanometer process is currently at full capacity, with HBM4 substrate chips accounting for about 50% to 60%, and this high proportion will be maintained in the second half of the year.Samsung's wafer foundry production lines at Pyeongtaek Plant 2 and Plant 3 are mass-producing processes ranging from 4 to 7 nanometers, with a monthly capacity of about 30,000 wafers for the 4-nanometer process. Based on this, the wafer input related to HBM4 substrate chips is estimated to be about 15,000 wafers per month. During the second quarter earnings call, Samsung stated that it expects HBM4 revenue to increase more than threefold quarter-over-quarter in the third quarter, with HBM4 revenue in the second half expected to exceed 60% of the company's overall HBM revenue.

Citigroup released a research report stating that it has initiated coverage on Zhongji Xuchuang (03308.HK) H shares with a buy rating, based on a forecasted price-to-earnings ratio of 16.2 times for 2027, with a target price of 1,524 Hong Kong dollars.The bank expects the company's revenue and net profit compound annual growth rates from 2025 to 2028 to reach 129% and 149%, respectively, benefiting from strong demand for AI optical communication, bandwidth upgrades, rapid capacity increases, improved product mix, rising adoption of silicon photonics technology, and operational leverage. The bank believes that the company's comprehensive product portfolio, scalable production capacity, cutting-edge technological advancements and R&D capabilities, flexible and resilient supply chain, as well as solid relationships with leading global cloud service providers and AI clients, are likely to support its leading position in the AI era.

According to the Seoul Economic Daily, Hanwha Investment & Securities has established a token securities platform based on the Avalanche blockchain. This platform was developed by the blockchain technology company FairSquare Lab and is designed to operate on multiple networks, including Avalanche and the enterprise-level blockchain Hyperledger Besu.

According to the latest data from OpenRouter reported by the Daily Economic News, the total global invocation of AI large models last week (from August 31 to September 6) reached 115 trillion tokens, a month-on-month increase of 1.77%. Among them, the weekly invocation of China's AI large models reached 56.72 trillion tokens, a month-on-month increase of 2.83%, surpassing the United States (16.54 trillion tokens, a month-on-month decrease of 3.1%) for nineteen consecutive weeks, ranking first in the world.Among the top five global invocation volumes, four are Chinese models. Tencent's Hyper Yuan Hy4 preview ranks first with 14.7 trillion tokens, a month-on-month increase of 379%; GPT-5.6 Luna ranks second with 12.9 trillion tokens; Zhiyu GLM-5.3 Flash rises to third with 12.4 trillion tokens; DeepSeek-V4-Flash's official and preview versions rank fourth and fifth, respectively.MiniMax M3 returns to the list after nearly a month, ranking sixth, and has become the foundational base for Saudi HUMAIN's Arabic large model. In addition, Xiaomi MiMo-V2.5 and Gemini 3.7 Flash fell out of the list this week.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 8.043 billion USD, with long positions at 3.836 billion USD, accounting for 47.7% of the total holdings, and short positions at 4.207 billion USD, accounting for 52.3%. The profit and loss for long positions is 472 million USD, while for short positions it is -542 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2220.62 USD, currently showing an unrealized profit and loss of -22.9387 million USD.

According to on-chain analyst Ai Yi's monitoring, gnomelabs.eth (0xB81...5bfD) is suspected to have taken profits of 4020 ETH. @gnome_labs previously withdrew 6339 ETH from Binance on August 17 at an average price of $1896.83, worth approximately $12.02 million; 9 hours ago, 4020 ETH of that was recharged, worth about $9.97 million, with a recharge price of $2480.If sold, the return rate would reach 30.7%, with an expected profit of $2.345 million after holding for 21 days.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale address holding approximately 4.5 million dollars (0x2Ae...a78Ae) has recently adjusted its positions: it cleared 156,452 UNI (worth 1.077 million dollars), realizing a profit of 86,000 dollars; it increased its position by 402,000 PONS (worth 342,000 dollars), raising the total holdings to 3.63 million (approximately 2.99 million dollars); and it established a new position of 355,175 FORM, worth 94,000 dollars.Currently, the holdings of $AAVE and $CASHCAT remain unchanged, with the total holdings of the four major tokens reaching 4.46 million dollars.

U.S. Senator Cynthia Lummis stated that if the Clarity Act fails to pass in this Congress, the next real opportunity to reintroduce market structure legislation will not come until 2030. Completing this work now could prevent wasting job opportunities, investments, and tax revenue in the coming years.

Vitalik recently updated EIP-8141 "Frame Transaction" proposal, with core improvements including atomic batch execution of up to 64 operations, social recovery (similar to Google account recovery, without the need for a mnemonic phrase), P256 quantum-resistant signatures, and the ability for anyone to pay gas fees for users, significantly enhancing the usability of Ethereum wallets.It is reported that the improvement proposal was co-authored by Vitalik, lightclient, and 10 other experts, and is planned to be included in the 2027 Hegotá upgrade, marking a significant native implementation of Ethereum account abstraction.

According to Money Today, the South Korean government has budgeted 27.5 billion Korean won per rack for NVIDIA's next-generation AI chip Vera Rubin, which is higher than previous estimates by foreign media. The Ministry of Science and ICT's budget for GPU server expansion next year is 3.85 trillion Korean won, all allocated for the procurement of 140 Vera Rubin NVL72 server racks. Each NVL72 rack is equipped with 72 Rubin GPUs and 36 Vera CPUs, totaling 10,080 Rubin GPUs. This batch is independent of the 52,000 advanced GPUs announced by the ministry to be acquired by 2028, and the actual supply may be adjusted according to NVIDIA's delivery situation.The budget of 27.5 billion Korean won per rack is significantly higher than foreign media predictions. U.S. investment bank Bernstein's June report estimated the cost of a Vera Rubin NVL72 rack at 9.1 million dollars (approximately 12.3 billion Korean won), while Morgan Stanley estimated it at about 7.8 million dollars (approximately 10.5 billion Korean won). The government stated that the budget has taken into account potential price increases due to GPU shortages and the costs of supporting facilities. This batch of chips will be used for the development of next-generation cutting-edge models such as general artificial intelligence. Deputy Prime Minister and Minister of Science and ICT Lee Kyung-sook mentioned in June that creating a model on par with Anthropic's large model Mythos would require about 10,000 Vera Rubins, and this scale of 140 units is comparable.