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According to Coinpost, Mitsubishi UFJ Trust Bank announced that it will begin working with Binance Japan and Progmat to jointly consider launching a new stablecoin that will be denominated not only in Japanese yen (JPY), but also in foreign currencies such as the United States dollar (USD). Binance stated that according to Japanese regulations, stablecoin issuers are limited to banks, fund transfer companies, and trust companies. The threshold for issuing your own stablecoin is high, but the joint development with Mitsubishi UFJ Trust and banks allows us to overcome this. Mitsubishi UFJ Financial Group is Japan's largest financial institution.

Bloomberg ETF analyst James Seyffart tweeted that Bitwise has submitted a new amendment to its spot Bitcoin ETF application. The main change is to add a section to demonstrate the SEC’s rejection of their previous application and research point by point. There are eight objections in the document, which Bitwise calls “dissents,” but Bitwise also believes that some of the SEC’s concerns or “dissenting opinions” on these points are moot.

MicroStrategy announced an additional purchase of 5,445 BTC for approximately $147.3 million, with an average price of $27,053. As of September 4, 2023, MicroStrategy held a total of 158,245 BTC, purchased at a cost of approximately $4.68 billion, with an average price of $29,582.

The BBC will release a 90-minute documentary about SBF on September 25. The introduction says: SBF is a disheveled, nerdy mathematical genius who set out to change the cryptocurrency world, but eventually became the biggest loser. Long term imprisonment. The film examines the numerous ignored red flags and how SBF blinded the world to the facts of those alleged crimes.

On-chain detective ZachXBT said to be wary of any project that cooperates with the market maker Gotbit Hedge Fund. A leaked report shows that the services provided by the market maker are very suspicious. According to the picture shared by ZachXBT, Gotbit said that it will push the price up to 10 times in the first few minutes of the price discovery stage to create FOMO and accumulate as much purchasing power as possible to reach the limit and sell in large quantities in the subsequent surge. Token; Within the first 12 trading hours, the goal is to take advantage of existing arbitrage opportunities with a focus on making significant profits quickly; Target trading volume on launch day is $50 million+, free via trade generation system Generated on CEX; reaches 20x ATH within first wind of launch day and 25x ATH within first month of trading.

According to Fortune, New York Democrat Kirsten Gillibrand said in an interview that she is working hard to convince her Democratic colleagues, especially the Senate Banking Committee, to make the cryptocurrency bill a priority. However, due to the impact of the FTX incident, there are many crypto skeptics in the legislative body, including Senator Elizabeth Warren and Senate Banking Committee Legislative Chairman Sherrod Brown. Gillibrand said conversations with Brown about cryptocurrencies and blockchain technology are continuing, but acknowledged that cryptocurrencies are not a top priority for the Senate Banking Committee and compromises may be needed. So one possible solution is a compromise on marijuana banking reform, which Gillibrand said he has discussed with Brown but declined to comment on Brown's openness to the proposal.

Amazon plans to invest up to $4 billion in artificial intelligence startup Anthropic, with an initial investment of $1.25 billion. In 2022, FTX invested US$500 million in Anthropic. It is currently uncertain how much this investment will recoup, but it should be higher than the valuation FTX invested in 2022 before the ChatGPT outbreak.

A total of 117,000 BTC options contracts and 1.1 million ETH options contracts will expire at 8:00 UTC this Friday, with a nominal value of $4.8 billion and the largest pain points of $26,500 and $1,650 respectively. Deribit Chief Commercial Officer Strijers doesn’t expect much market volatility in the coming week; Options Insights founder Imran Lakha says ETH traders are holding around $1,650-$1,700 for long...

According to an email from Tether shared by Cake DeFi CEO Julian Hosp, Tether has modified its terms of service (ToS) to prohibit certain customers from redeeming USDT. “Companies controlled by other entities, directors and shareholders residing in Singapore are no longer allowed to become Tether customers; as the account is controlled by another company resident in Singapore, the account will no longer be allowed to be issued or redeemed from the platform." Some users said that Tether’s recent modifications to ToS occurred in the context of Singapore’s largest cryptocurrency money laundering scandal; but other users believed that this was a special case of Cake DeFi, a DeFi protocol marked as Enhanced Due Diligence (EDD). . Tether has yet to respond. (Cointelegraph)

According to the Hong Kong Economic Daily, among the four exchanges that are applying for licenses, HKbitEX founder Gao Han has worked for the Hong Kong Stock Exchange in the past and is also the chairman of Taiji Capital Group. He has just issued the first Hong Kong real estate STO; HK BGE once hired Chen Zhenxiong as CEO. He is also the co-founder of the AAX exchange that ran away. The company’s chairman and major shareholder is 31-year-old Lian Haomin, who is speculated to be the son of Lian Zhuozhao, known as the gambling king on the high seas; Victory Digital is Victory Securities, an established local securities firm. Its executive directors include Gao Juan, chairman of the Hong Kong Securities Association.