x

Anatoly Popov, Vice Chairman of the Executive Board of Russia's largest bank Sberbank, stated that the scale of compliant cryptocurrency trading in Russia is expected to reach at least 40 trillion rubles in its first year, approximately 46.43 billion USD. The bank anticipates that as investors shift to the official trading system, the scale will increase to about 75 trillion rubles, approximately 87.06 billion USD, by 2029.He noted that most of the cryptocurrency trading volume will still flow outside of the regulated exchange system, with about 20% of the trading volume in the first year, or 35 trillion to 40 trillion rubles per year, being completed through exchanges. The relevant system will take effect on September 1, allowing investors to legally purchase cryptocurrency assets through brokers. Non-qualified investors can purchase up to 300,000 rubles of cryptocurrency assets per year through a single licensed intermediary, and they must pass a risk awareness test; the investment limit for qualified investors is 3 million rubles. Currently, the official exchanges can only trade Bitcoin, Ethereum, and USDT, while other altcoins will be excluded; exchanges must complete registration by July 1, 2027.

On August 31, the B.AI platform announced that during its comprehensive free access event for its cutting-edge large models, the total token throughput across the platform has exceeded 57.4 trillion.Currently, the platform has gathered models such as GLM-5.3-Flash (Ox Alpha), Qwen3.8-Flash, DeepSeek-V4-Flash, DeepSeek-V4-Flash-Vision-Exp, Tencent Hy3, and Xiaomi MiMo-V2.5, all of which are freely available to users, covering scenarios such as code generation, ultra-long text processing, multimodal visual understanding, and agent workflow deployment.

According to SoSoValue data, during the last trading day (Eastern Time from August 24 to August 28), the net inflow for XRP spot ETFs was $110 million.The XRP spot ETF with the highest net inflow last week was Bitwise ETF XRP, with a weekly net inflow of $59.9459 million, bringing the total historical net inflow for XRP to $603 million; followed by Franklin Templeton ETF XRPZ, with a weekly net inflow of $28.7006 million, bringing the total historical net inflow for XRPZ to $463 million.As of the time of writing, the total net asset value of XRP spot ETFs is $1.44 billion, with an ETF net asset ratio (market value compared to total market value of XRP) of 1.66%, and the historical cumulative net inflow has reached $1.66 billion.

According to Bitcoin.com News, the National Cryptocurrency Association of the United States has launched an interactive map estimating the distribution of 67 million cryptocurrency holders across states and congressional districts. The data shows that California has about 9.5 million holders, ranking first in the nation, followed by Texas, Florida, New York, and Illinois. The related data is a model estimate and not verified actual numbers.Additionally, according to research commissioned by the association, the cryptocurrency industry supports approximately 231,800 jobs in the United States, generating $55.4 billion in economic activity and $30.8 billion in labor income.

Tencent Hunyuan stated that since the Hunyuan Hy4 preview was first launched on WorkBuddy on August 28, 2026, it has received positive experiences and enthusiastic feedback from a wide range of users and developers due to the significant enhancement of its Agent capabilities. On the first day of launch, there were queuing situations in the WorkBuddy task queue, for which we sincerely apologize.To ensure everyone's user experience, the company has conducted emergency scaling of the Hy4 preview inference cluster and will continue to dynamically allocate resources. However, due to the limitations of high-end computing power and peak concurrent usage, it cannot be ruled out that queuing situations may continue to occur during certain periods.

This Friday, the United States will release non-farm payroll data, which will serve as an important reference for the Federal Reserve's interest rate decision. Prior to this, CME's "FedWatch" shows that traders are betting on a probability of over 50% for the Federal Reserve to raise interest rates twice this year.

According to Ai Yi's monitoring, the leading privacy coin XMR's top holder has only used 23 days, with total profits from betting on a single coin rising exceeding 3.15 million USD.This bet started on August 9, with a maximum holding of 34,000 XMR (approximately 16.72 million USD). Last night, half of the position was closed for a profit of 1.637 million USD; currently, they still hold 16,000 XMR at 4x leverage, with an unrealized profit exceeding 1.53 million USD.

According to Citrini analyst Jukan, SK Hynix is working on diversifying the foundry suppliers for the substrate chips used in high bandwidth memory (HBM), which are constructed by vertically stacking multiple memory chips. It is reported that the company is considering outsourcing part of the substrate chip production for the seventh generation HBM, namely HBM4E, to Intel's foundry. So far, SK Hynix has relied entirely on TSMC for outsourcing substrate chip production.This move is seen as an effort to establish a multi-supplier foundry strategy to reduce the concentration of the supply chain on TSMC while enhancing SK Hynix's bargaining power in pricing. According to industry insiders on August 31, SK Hynix is advancing a plan where the substrate chips for HBM4E may be jointly manufactured by TSMC and Intel, potentially starting from the HBM4E generation.As the market expects the cost burden of substrate chips for HBM4E to further increase. Since HBM products are mainly covered by long-term supply agreements (LTA), SK Hynix also finds it difficult to immediately pass on the higher foundry costs to customers by raising product prices. Therefore, industry observers believe that if Intel ultimately joins SK Hynix's substrate chip supply chain, the company will gain more options in terms of cost competitiveness and supply stability.

According to Lookonchain monitoring, the whale or institutional address 0x2Ea2 is selling 51,387 ETH, worth approximately 125.9 million USD.In the past two days, this address has deposited 40,881 ETH to exchanges, equivalent to about 100.7 million USD, and currently still holds 10,506 ETH, worth approximately 25.52 million USD.

SemiAnalysis released the latest episode of its podcast, which pointed out that SK Hynix and Micron have been facing challenges in achieving the highest HBM4 speeds. In particular, SK Hynix had to redesign its base chip, resulting in delays in HBM4 deliveries to the NVIDIA Rubin platform.Samsung currently has the best HBM4 technology. Broadcom has traditionally relied heavily on Samsung for its HBM supply. Samsung's performance in the HBM3E generation was poor, which posed a disadvantage for Broadcom's ASICs. However, now Samsung is leading its competitors with HBM4, and this same supply chain relationship has become an advantage for Jalapeño.

Huang Renxun posted on the X platform stating that Gavin is very accurate. AI is driving the return of manufacturing to the United States, promoting re-industrialization after decades of offshore outsourcing. AI is creating demand, driving market forces rather than subsidizing investments in aging grids and sustainable energy.AI is creating jobs in construction and manufacturing in energy plants, chip manufacturing plants, and data centers. AI is giving rise to new companies and new industries; in just the past six months, AI startups have received $400 billion in investments. Builders must collaborate with communities to develop local projects, earn trust, and create local benefits. The United States has the opportunity to create lasting benefits for communities nationwide and help lead the next industrial revolution.

The RTX Spark series PCs developed by NVIDIA in collaboration with MediaTek are expected to launch this fall. Microsoft and more game developers have recently announced updates and support for this platform. The first batch of orders from ASUS and MSI has been fully booked, and they are actively seeking more allocations from NVIDIA. ASUS co-CEO Hu Shubin pointed out that channel customer bookings have exceeded expectations, with the initial supply completely reserved, and they are actively placing additional supply orders with NVIDIA, holding a highly optimistic outlook for next year's sales. MSI's product manager Peng Renfang revealed that customers from mainland China, Taiwan, and the United States are actively placing orders, with the first batch of laptops equipped with the high-end N1X chip nearly sold out, and they are actively following up with NVIDIA for more orders.The RTX Spark super chip is built using TSMC's 3-nanometer process, featuring NVIDIA's Blackwell RTX GPU connected to a 20-core Grace CPU, utilizing a Windows on Arm architecture. NVIDIA CEO Jensen Huang noted that RTX Spark brings together CUDA, RTX, and AI platforms into a single super chip, allowing ground agents, front-end models, creative workflows, and RTX games to run on laptops, "This is the new PC, personal AI computer." The processors are divided into the high-end N1x and the mainstream N1, with the actual selling price of PCs equipped with N1x yet to be announced, but the market generally believes it will start from 110,000 yuan. The first wave of partner brands includes ASUS, MSI, Dell, HP, Lenovo, Microsoft, Acer, and Gigabyte will also follow suit. NVIDIA recently announced at Gamescom 2026 in Germany that multiple game developers are bringing various games to join the RTX Spark lineup.

The total open interest for Bitcoin futures is 695,020 contracts, valued at $54.82 billion, down 0.26% in the past hour, down 0.38% in the past four hours, but still up 1.15% in the past 24 hours. Binance holds 142,500 Bitcoins, valued at $11.24 billion, accounting for 20.5%.In Deribit Bitcoin options open interest, call options hold 288,409.93 Bitcoins, accounting for 60.89%; put options hold 185,234.42 Bitcoins, accounting for 39.11%. In the past 24 hours, the trading volume of put options accounted for 54.49%, with 12,380.77 contracts traded, higher than the 10,339.78 contracts of call options. Data from Deribit, Binance, and OKX shows that the maximum pain point for options on September 25 is close to the range of $70,000 to $73,000. The spot price of Bitcoin is $78,425, and futures positions remain high.

The UK government has released the first official statistics on taxable crypto asset gains, revealing that in the 2024-25 tax year, 240 individuals reported capital gains exceeding £1 million, totaling £717 million, which accounts for more than half of the total £1.38 billion reported by 17,600 individuals. The HM Revenue and Customs (HMRC) stated that 17,600 individuals reported crypto asset disposal gains of £13.8 billion, with taxable gains of £1.38 billion, averaging about £78,000 per person; of these, approximately 87% were male and 13% were female.Selling, exchanging, consuming tokens, or gifting assets to others may trigger tax obligations. HMRC has sent out 81,000 crypto tax letters in the past 12 months, an increase of 25% from about 65,000 letters, approaching the 27,714 letters sent in the 2023-24 tax year. James Murray, the Financial Secretary to the Treasury and Director of Payments, stated that crypto asset gains are subject to tax just like other gains. The UK plans to adjust the tax treatment of certain DeFi transactions starting from April 6, 2027, with related lending and liquidity pool transactions typically deferring capital gains tax until an economic disposal occurs, expected to affect about 700,000 individuals. HMRC estimates that its crypto tax compliance and education activities have generated an additional £168 million in capital gains tax for the 2024-25 fiscal year.

Polygon Labs disclosed that it has fixed a batch of security vulnerabilities in its proof-of-stake network through two hard forks, with the related fixes privately deployed before public disclosure. According to a forum post released on Wednesday, the team packaged the fixes into the Austin hard fork of the Bor client and the Kyoto hard fork of the Heimdall client, both of which followed the standard process for fixing issues that affect consensus: first validated on the Amoy testnet, and then publicly disclosed once the mainnet was activated and the network was secure.The Austin fork fixed two denial-of-service paths in block processing, including a vulnerability where malicious block producers could crash peer nodes by filling them with oversized field data. The Kyoto fork addressed a broader range of consensus hardening issues, with the most severe vulnerability allowing an attacker to force the entire validator set to perform costly and coordinated work with just one crafted transaction—the cost of constructing the transaction is low, but the network processing cost is high. Polygon emphasized that none of the vulnerabilities were observed to be exploited on the mainnet and have been proactively addressed. The two upgrades are now mandatory for node operators and have taken effect without the need for state migration or resynchronization.This disclosure comes at a critical transformation period for Polygon, which has completed the migration of the traditional MATIC token to POL as part of a comprehensive overhaul of its network architecture. The news did not boost the price of POL; according to CoinGecko data, POL traded at approximately $0.09983 on Sunday, down 2.3% in 24 hours, down about 6.8% over the past week, and down about 60.8% over the past year, with a market capitalization of approximately $1.07 billion.

Polygon disclosed multiple previously undisclosed security vulnerabilities recently fixed through two hard forks, Austin and Kyoto, which could affect its proof-of-stake network. The vulnerabilities involve Polygon's Bor and Heimdall clients, including denial-of-service risks, validator resource exhaustion, and defects affecting checkpoint and milestone processing.Polygon stated that the fixes were privately tested before being deployed to the mainnet and publicly disclosed. The most severe issue involved Heimdall, where carefully crafted transactions could force validators to perform excessive processing work, disrupting the network. The Austin hard fork also fixed two denial-of-service risks in Bor that could slow down block processing or cause node crashes. Polygon indicated that these vulnerabilities were not exploited on the mainnet, and the fixes were proactively completed before the details of the vulnerabilities were made public.

According to Front Office Sports, the prediction market platform Kalshi has signed an exclusive agreement with the United States Tennis Association (USTA) to become the exclusive prediction market platform partner for the US Open. The agreement is effective immediately and was finalized only after the qualification rounds ended last week, with the report not disclosing financial terms. Kalshi has not yet been listed among the official partners of the US Open, and a blog post analyzing the women's singles events released earlier by the company included a statement saying that the company "is not affiliated with the US Open or WTA."According to sources, as part of the agreement, the USTA is preventing other prediction market platforms from advertising at US Open venues and on television, including ESPN's broadcasts of the events, which is an unusual aspect of the agreement. Kalshi declined to comment, and representatives from USTA and ESPN did not respond immediately. The US Open is owned and operated by the USTA, and its CEO Craig Tiley took office on July 20 of this year, playing a significant role in facilitating this year's event agreement.Both Kalshi and Polymarket are official partners of the NHL, and Kalshi has recently partnered with several MLB teams. According to data from The Block, since August, the total trading volume for Kalshi, Polymarket, and Polymarket US has reached $41.2 billion, with Kalshi accounting for $33.7 billion.

According to Coinglass data, if ETH falls below $2,388, the cumulative long liquidation intensity on mainstream CEX will reach $903 million. Conversely, if ETH breaks above $2,634, the cumulative short liquidation intensity on mainstream CEX will reach $381 million.

According to Coinglass data, if BTC falls below $75,106, the cumulative long liquidation intensity on mainstream CEX will reach $919 million. Conversely, if BTC breaks above $82,576, the cumulative short liquidation intensity on mainstream CEX will reach $667 million.