It was announced that the Japanese listed company Metaplanet has partnered with the cryptocurrency division of financial services giant SBI Group, SBI VC Trade, to support its ongoing efforts to increase its holdings of corporate bitcoin. This partnership allows Metaplanet to utilize SBI's custody services, with the aim of prioritizing tax efficiency and providing the potential to use bitcoin as collateral for financing. Metaplanet stated that as its funds grow, it will continue to explore financial instruments that offer greater financial flexibility. Metaplanet has so far acquired 360 bitcoins ($207 million) and is using its primary reserve assets as collateral to enhance its ability to obtain equity and debt financing....

BitMEX co-founder Arthur Hayes posted on his personal social media that his views on the unexpected reasons for the Federal Reserve's interest rate cut plan are as follows: Since Powell announced the interest rate cut in Jackson Hole in September, Bitcoin has fallen by 10%. Why? I think the interest rate cut is beneficial for risk assets. Overnight reverse repurchase (RRP) pays a 5.3% interest rate, and there are no higher bond rates below 1 year. Money market funds (MMF) will shift funds from bonds to RRP, which is negative for liquidity. Since the Jackson Hole meeting, RRP has increased by $120 billion. I think this situation will continue as long as bond rates are lower than RRP....

On September 1st, Blockdaemon joined the industry's "first" Ethereum (ETH) node operator risk standard (NORS) certification release, establishing a new benchmark for the operational safety and risk management of Ethereum node operators. In addition, Blockdaemon has now joined the NORS development group, which "collaborates in the development, iteration, and maintenance of the standard to maintain its relevance and accuracy." It is reported that NORS certification simplifies the "due diligence process for banks and large institutions on Ethereum staking"....

According to market data, BTC has broken through $58,500 and is currently trading at $58,501.99, with a 24-hour increase of 0.95%. The market is volatile, please do risk management....

Zhu Su, co-founder of Three Arrows Capital, stated on social media that he heard the tickets for the Korea Blockchain Week (KBW) conference are in short supply. This is a bullish signal....

On September 1st, Galaxy Research recently posted an article on X stating that since its launch, the trading volume of Ethereum spot ETF has been significantly lower than that of Bitcoin spot ETF, both of which are far lower than the ETH/BTC CEX trading volume and market value ratio. Multiple factors have led to this result, the most important of which is that the main trading platforms have not yet provided margin for ETHETF. To control some of these factors, such as the lack of margin availability, the performance of each product group can be compared for the first 25 days. During this period, the ratio of Ethereum ETF trading volume to Bitcoin ETF trading volume continued to decline....

HDFC Bank, a private bank in India, will launch a Unified Payment Interface (UPI) and CBDC new features at the 2024 Global Fintech Festival to enhance customers' digital banking services. These features are developed in collaboration with fintech companies such as Kreditpe, Tonetag, and Payu. The new products specifically include UPI Circle-Delegate Payment, personalized UPI experience, and user-level programmable CBDC. (Bitcoin.com)...

The IDC Global GameFi Summit in Bangkok brought industry leaders together to focus on the future trends and breakthrough strategies of GameFi. The presence and keynote by Mr Wang, the president of Lin's Group USA, highlighted the strategic significance and industry impact of the summit.   This summit particularly highlighted how the GameFi sector could break traditional barriers through innovative technologies and emerging business models. A focal point was the signing ceremony between Infinitar and the IGC Gold Mining Guild, signaling significant support and empowerment for Infinitar's upcoming NFT pre-sale and mining activities. The participation of IGC Gold Mining Guild not only provides Infinitar with resource and network support but also a strategic framework fo...

ChainwireReformDAO has listed its $RFRM token on Gate.io, Mexc.com, and Bitget.com after the successful launch of its market-making platform. The token provides governance capabilities and allows holders to participate in the DAO's decision-making process. The platform's multi-layered treasury system ensures efficient liquidity management and equitable profit distribution, while transparency is demonstrated through its live trading dashboard. ReformDAO plans to expand by onboarding more projects and enhancing its algorithmic trading capabilities, as well as exploring partnerships with other blockchain networks. Visit the official website or join the community on Discord and Twitter for more information....

Decentralized physical infrastructure network io.net has announced a partnership with FLock.io to launch Proof of Artificial Intelligence (PoAI), which is a consensus mechanism aimed at ensuring the integrity and scalability of decentralized artificial intelligence networks....

Layer-1 blockchain network Aptos announced that it is integrating Nillion to support the development of privacy protection applications. Aptos will be able to support various privacy protection applications, including confidential decentralized finance (DeFi), private AI assistants, secure social media, privacy games, and collectibles. DeFi users can benefit from private transaction execution or hidden liquidation insurance pools, while supply chains can increase transparency without revealing sensitive data....

The cryptocurrency exchange Mudrex has obtained a court order requiring the Indian Ministry of Communications to shut down up to 38 websites using the company's name for fraud. The Delhi High Court made the ruling within a day of the petition being submitted on August 23, giving the ministry a week to comply. Mudrex filed a lawsuit with the court after about 15 people contacted customer support or visited the Bangalore office to report being scammed. Mudrex CEO and co-founder Edul Patel said in an interview, "We estimate that the actual number of retail investors who have been scammed may be around 1,000 people, with estimated losses of over $50,000."...

Paris prosecutors have announced that after four days of questioning by French police, Pavel Durov, CEO of the social media platform "Telegram," has been formally placed under investigation. Durov was released under judicial supervision with the condition of paying a bail of 5 million euros and being prohibited from leaving France....

Trump released a video related to the DeFi project World Liberty on X. In the video, Trump said, "Today, I have formulated a plan to make America the crypto capital of the planet. Those who want to strangle you and make you bankrupt, we will never let this happen."...

The decentralized liquidity platform Orderly Network disclosed that its Discord was hacked on X platform. Please do not click on any links and pay attention to fund security....

Russia has warned France not to take political action in the Telegram CEO case, and that charging Telegram CEO Pavel Durov with criminal charges may be viewed as "political persecution". Durov is a French citizen born in Russia and was detained in Paris for allegedly failing to control illegal content on the platform. He was released on bail but must remain in France and regularly report to the police. Kremlin spokesman Dmitry Peskov emphasized that Russian officials support Durov, who has Russian citizenship and is willing to provide assistance....

Nigeria has temporarily approved the operation of two cryptocurrency exchanges....

According to The Block, on August 28th, Osprey Funds, the initiator of Osprey Bitcoin Trust (OBTC), has reached an agreement with Bitwise Bitcoin ETF (BITB) and Bitwise Asset Management. BITB will acquire all assets of OBTC fund. In March of this year, Osprey stated that it was considering other strategic measures such as selling or merging with Bitcoin ETF. Osprey must complete the sale or merger before September 1, 2024, otherwise it will liquidate OBTC. As part of this transaction, OBTC shareholders will receive BITB shares as part of the OBTC liquidation distribution. For existing BITB holders, their shares will not change and the operation of BITB will not change. Prior to BITB's acquisition of OBTC, Bitwise had already acquired ETC Group, a cryptocurrency ETP issuer headquartered...

According to a recent study by the University of Toronto and the University of Miami, individuals who own cryptocurrency are more likely to display traits of narcissism and psychopathy. The study surveyed 2,001 American adults, with 30% of respondents reporting owning cryptocurrency. Additionally, crypto ownership was linked to belief in conspiracy theories, use of alternative and fringe social media, and an aversion to authoritarianism. However, the authors of the study cautioned against drawing strong political conclusions from these findings. Another study found that while many cryptocurrency enthusiasts are known for their libertarian views, those polled tended to identify as Democrats and hold more liberal political views. The researchers suggest that future studies should examine glob...

According to CoinDesk, investment bank Architect Partners has reported that the Bitcoin mining industry is currently in a consolidation phase, triggered by the halving event in April of this year.The report emphasizes that mining companies are seeking large, scalable data center capacity and access to low-cost electricity and capital. The Bitfarms plan to acquire Stronghold Digital Mining is a typical example of recent M&A trends. The report's authors believe that hostile takeovers are not common in talent-dependent technology and financial services industries, but the Bitcoin mining industry is different, with its core assets being physical facilities, power resources, and widely available computing equipment. However, this trend towards consolidation contradicts the original ...