BTC $81,252.12 +4.10%
ETH $2,639.82 +5.47%
BNB $768.39 +3.04%
XRP $1.43 +7.92%
SOL $111.71 +5.45%
TRX $0.3381 +0.13%
DOGE $0.0881 +3.16%
ADA $0.2261 +5.30%
BCH $251.66 +0.73%
LINK $12.51 +5.63%
HYPE $92.67 +1.54%
AAVE $142.55 +3.64%
SUI $0.8499 +6.53%
XLM $0.1957 +5.10%
ZEC $1,534.23 +5.70%
AAPL $334.97 -0.71%
AMZN $254.37 +0.86%
GOOGL $350.25 -1.56%
MSFT $494.48 -0.56%
META $669.70 -3.05%
NVDA $221.93 +1.24%
TSLA $364.50 -0.91%
SNDK $1,781.88 +9.72%
INTC $108.50 -1.13%
SPCX $152.78 -1.56%
MU $1,007.10 +2.55%
AMD $552.53 +1.30%
BTC $81,252.12 +4.10%
ETH $2,639.82 +5.47%
BNB $768.39 +3.04%
XRP $1.43 +7.92%
SOL $111.71 +5.45%
TRX $0.3381 +0.13%
DOGE $0.0881 +3.16%
ADA $0.2261 +5.30%
BCH $251.66 +0.73%
LINK $12.51 +5.63%
HYPE $92.67 +1.54%
AAVE $142.55 +3.64%
SUI $0.8499 +6.53%
XLM $0.1957 +5.10%
ZEC $1,534.23 +5.70%
AAPL $334.97 -0.71%
AMZN $254.37 +0.86%
GOOGL $350.25 -1.56%
MSFT $494.48 -0.56%
META $669.70 -3.05%
NVDA $221.93 +1.24%
TSLA $364.50 -0.91%
SNDK $1,781.88 +9.72%
INTC $108.50 -1.13%
SPCX $152.78 -1.56%
MU $1,007.10 +2.55%
AMD $552.53 +1.30%

nova

All
Article
Flash

U.S. SEC Commissioner: Innovation exemption tailored for on-chain stock trading, clearly delineating boundaries with DeFi

Commissioner Hester M. Peirce of the U.S. Securities and Exchange Commission (SEC) made a statement regarding the committee's approval of the "innovation exemption."This exemption is a temporary, conditional arrangement that allows "tokenized securities venues" (TSV) to trade NMS "National Market System" stocks on-chain: TSV provides automated market maker liquidity pools and sets participant admission standards, and is exempt from the definition of "exchange" under the Securities Exchange Act; specific suppliers providing liquidity to TSV are exempt from the definition of "dealer." If issuers do not wish for their stocks to trade on TSV, they can choose to opt-out. The exemption is aimed at U.S. entities, and both existing institutions and new entrants can participate.Peirce emphasized that the committee does not presuppose that parties relying on this exemption necessarily fall under the definitions of "exchange" or "dealer," but rather hopes to first observe who is using it and how it is being used before making regulatory judgments.Peirce clearly delineated the boundaries of this order: it is not about decentralized finance. Systems that are driven by automated software and are truly decentralized do not raise fundamental concerns of securities regulation, namely that intermediaries trusted by investors may be foolish, careless, or compromised; investors using permissionless smart contracts for peer-to-peer transactions do not fundamentally require an exemption. TSV is merely one model of on-chain securities trading, and the committee is open to other models, as on-chain trading models that can comply with existing Securities Exchange Act requirements may not require an exemption at all.

Bitget CEO 8th Anniversary Open Letter: From Chaser to Leader in Innovation, the Pursuit of Trading Excellence Has No Finish Line

Bitget celebrates its 8th anniversary, and CEO Gracy has released an anniversary open letter. She candidly stated that a year ago, when Bitget proposed the panoramic exchange UEX strategy, there were many doubts from the outside world, but the team chose to respond with product implementation. She mentioned that the starting point of UEX is to solve the fragmentation of assets, accounts, time, and geography, allowing users to trade high-quality global assets in one stop. Now, more and more leading exchanges are beginning to layout traditional financial trading, and Gracy referred to 2025 to 2026 as the "Year of Multi-Asset Trading."In her letter, Gracy wrote that over the past year, Bitget has transitioned from a "follower" to a "leader in product innovation," successively launching products such as stock perpetual contracts, Pre-IPO, cross-asset unified accounts, rToken, and Hong Kong stock Quanto contracts. Data shows that the peak trading volume of non-crypto assets has accounted for 40% of the platform's total trading volume, with daily trading volumes of TradFi contracts and CFDs both exceeding $10 billion, and the cumulative number of rToken transactions surpassing 3 million.Regarding the next phase, institutional business will become the core direction of Bitget. By the second quarter of 2026, the net asset scale of Bitget's institutional clients is expected to grow by 45% compared to the third quarter of 2025, with the number of core active market makers increasing from 90 to 248. In the future, the platform will continue to optimize trading execution, asset security, and institutional service links. Gracy concluded her open letter by stating, "The pursuit of trading excellence is never complete; it is always in progress. The era of multi-asset trading has just begun."

Suiyuan Technology is listed on the Sci-Tech Innovation Board, currently up 193.99%, with a market value of nearly 180 billion yuan

The domestic cloud AI chip manufacturer Suiruan Technology officially landed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on September 11, with an issuance price of 142.18 yuan per share. As of the time of writing, the latest quote for the stock is 418 yuan per share, an increase of 193.99% from the issuance price, with a transaction amount of 3.404 billion yuan, a turnover rate of 44.82%, and an amplitude of 47.83%. The intraday high reached 475 yuan per share, while the lowest was 407 yuan per share, with a total market value of 179.887 billion yuan.Suiruan Technology was established in March 2018 and uses its self-developed DSA architecture. It has iterated four generations of architecture with five cloud AI chips, covering AI chips, accelerator cards and modules, intelligent computing systems, and clusters. Its third-generation product S60 has shipped a total of 160,000 units. From 2023 to 2025, the company's revenue is projected to be 301 million yuan, 722 million yuan, and 990 million yuan, respectively; in the first half of 2026, revenue is expected to be 1.12 billion yuan, a year-on-year increase of 279.08%.Tencent is the largest external shareholder of Suiruan Technology, holding a total of 20.26% of the shares along with its concerted actors, and is also the company's largest customer, with sales revenue accounting for 83.79% of total revenue in 2025. This public offering involves 43.0352 million shares, raising a total of approximately 6.119 billion yuan, mainly directed towards the research and development and industrialization projects of fifth-generation and sixth-generation AI chips.

first_img The UK's National Economic Crime Centre warns that criminals are innovatively using cryptocurrency assets for money laundering

According to Decrypt, the UK's National Economic Crime Centre (NECC) warned in its annual report released this week that criminals are "innovatively using cryptocurrency products to evade detection and transfer illegal value on a large scale."The agency is part of the UK's National Crime Agency (NCA) and is responsible for coordinating the UK's response to economic crime. The threat assessment in the report indicates that cross-border money laundering networks are spreading, combining new and traditional methods while transferring funds through both legitimate and illegitimate channels; many organized crime groups no longer launder money themselves but outsource it to specialized networks for a fee. The report also mentions artificial intelligence alongside cryptocurrency, noting that criminals are using synthetic identities and process automation to attack banks.The report shows that cryptocurrency ranks third among the nine economic crime priorities identified by the UK's National Economic Crime Centre, the Financial Conduct Authority (FCA), the Home Office, and the Treasury in July 2025, above cash crime and money mules. The agency states that it is developing "more proactive, intelligence-led cryptocurrency capabilities." Additionally, its joint operation "Atlantic Action" with the U.S. Secret Service, Coinbase, Binance, Kraken, and Tether has identified 20,000 approved phishing victims and frozen $12 million in funds; the "Stable Action" targeting Russian networks converting street cash into cryptocurrency has arrested 129 individuals and seized over £25 million in the UK.The report also mentions a report on privacy-enhancing technologies in the cryptocurrency industry released by the Royal United Services Institute (RUSI).

The Rollup founder Andy: The U.S. SEC may introduce a tokenized securities innovation exemption

The Rollup founder Andy posted that market rumors suggest the U.S. Securities and Exchange Commission (SEC) is preparing to launch the largest tokenization innovation exemption policy to date, which may allow tokenized securities to be traded solely through registered transfer agents, without the need for broker-dealer licenses, and without adhering to traditional trading platform or ATS-related rules. It is also reported that this could cover U.S. retail investors and overseas investors.Andy stated that if the above news is true, its potential impact would be significant. Tokenized funds could be issued and traded directly in the form of on-chain tokens, with transfer agents maintaining legal ownership records on-chain, while the underlying assets held by the fund, such as stocks and bonds, could also be further tokenized, thus forming an on-chain trading system of "fund tokens + underlying asset tokens."Andy later mentioned that a large fund has already received the SEC's "green light," but this has not yet been officially confirmed. He speculated that ARK, Fidelity, or BlackRock could be potential participants. If the policy is ultimately implemented, U.S. asset management firms may accelerate the issuance of native equity tokens to compete for around-the-clock liquidity and on-chain distribution channels, rather than waiting for third parties to mirror tokenize traditional securities. He further linked this potential policy change to the recent push by the Trump administration for regulatory openness in the crypto market, as well as the CFTC's efforts to bring perpetual contracts to the U.S. market, believing that the U.S. regulatory environment may be gradually opening the policy floodgates for on-chain finance.

first_img Dubai VARA signed a memorandum of understanding with Securitize to advance tokenization innovation

According to Cointelegraph, the Dubai Virtual Assets Regulatory Authority (VARA) has signed a Memorandum of Understanding (MoU) with the BlackRock-backed tokenization platform Securitize to advance the tokenization and digital asset infrastructure development in the UAE and Dubai. Both parties stated that the agreement will establish a collaborative framework to support regulated tokenization initiatives, promote institutional participation, and strengthen Dubai's digital asset ecosystem.A VARA spokesperson stated that the memorandum aims to combine VARA's regulatory perspective with Securitize's experience in institutional tokenization to determine how the collaboration can help Dubai develop a trustworthy and regulated tokenization market, with no specific projects to be announced at this stage. Carlos Domingo, co-founder and CEO of Securitize, stated that Dubai is one of the most forward-looking jurisdictions for global digital asset innovation, and collaborating with regulators is crucial for tokenization to move from concept to mainstream financial infrastructure.At the time of this announcement, investor demand for tokenized assets continues to rise. According to RWA.xyz data, the total number of tokenized asset holders has increased by 103% over the past 30 days to 3.2 million, and the total value of tokenized assets has grown by 2% to $38.5 billion. Securitize is currently the largest tokenization platform globally, with a tokenized asset management scale of $4.9 billion, while Ondo Finance ranks second with $3.5 billion.

first_img G20 finance ministers commit to establishing a clear path for digital asset innovation

After a two-day meeting in Asheville, North Carolina, G20 finance ministers and central bank governors issued a statement committing to developing clearer rules for digital assets to promote financial innovation. The statement acknowledges that digital financial innovations, including digital assets, can support "broad economic growth" and play a key role in driving private sector innovation.The statement reads: "We are committed to advancing a responsible and effective regulatory and supervisory framework to maintain financial stability, support economic growth, and establish a clear path for sound digital finance and digital asset innovation, while taking into account cross-border opportunities and challenges." G20 officials expressed anticipation for the upcoming findings from the Financial Stability Board regarding the cross-border impacts of global stablecoin arrangements, as well as related reports on stablecoin data sources, availability, and potential challenges.They also reiterated their commitment to strengthening the G20 roadmap for cross-border payments and called on member countries to extend the operating hours of large payment systems. Several G20 member countries, including the United States, the European Union, and Japan, have reviewed the potential of digital assets or stablecoins to enhance the efficiency and accessibility of existing financial and payment systems and have established relevant frameworks.
app_icon
ChainCatcher Building the Web3 world with innovations.