● Grayscale wrote to SEC: GBTC is ready for ETF operations

Grayscale posted on X (formerly Twitter) that it submitted a letter to the SEC and the information in the letter can be used as a reference document for the SEC’s further decision on GBTC.

Grayscale stated that the SEC's review of the 19b-4 filing to convert GBTC into a spot Bitcoin ETF has taken three times the required time, and GBTC is ready for ETF operations and can begin once regulatory approval is obtained.

● Company X (formerly Twitter) obtains payment service remittance license in Mississippi, USA

According to Foresight News, Company X (formerly Twitter) has obtained a payment service remittance license in Mississippi, USA. Currently, Company X has obtained payment regulatory licenses in eight states in the United States, including Arizona, Georgia, Maryland, Michigan, New Hampshire, Missouri, Rhode Island and Mississippi.

● Stake.com co-founder: This vulnerability attack was not caused by hackers controlling private keys

According to DLNews, Edward Craven, co-founder of the crypto gambling platform Stake.com, said that it was indeed attacked by hackers, but the vulnerability was not caused by hackers controlling its private keys. The attacker was able to make several unauthorized transactions from its hot wallet.

Craven said the attack targeted the company’s service for authorizing transactions on Ethereum, Polygon and BNB Chain, and Stake has returned to normal and is operating as it did before the attack.

As previously reported, ZachXBT said on X (formerly Twitter) that the crypto gambling platform Stake.com was stolen 15.7 million on Ethereum, and the total amount of theft to date has exceeded 41 million US dollars.

● Vitalik: Future Ethereum upgrades may enable running full nodes on mobile phones

According to Decrypt, Ethereum co-founder Vitalik Buterin said during the Korea Blockchain Week that in the long run, there will be plans to maintain fully verified Ethereum nodes that can be run on mobile phones. A full node is a computing device that verifies all transactions and smart contracts on Ethereum, and the high-specification requirements of the equipment increase the degree of centralization. Vitalik emphasized the six key points that must be addressed to solve the centralization problem of the Ethereum network, and said that full nodes are an important part of Ethereum's pursuit of a higher degree of decentralization. He also mentioned Ethereum's roadmap, which includes a "stateless client" that uses a "Walker tree."

Vitalik said that node centralization is one of the main challenges facing Ethereum, and the problem should be solved by reducing and simplifying the cost of running nodes, but the perfect solution may take another 10 or even 20 years. He believes that the most pressing issue for Ethereum as a whole is to achieve a higher level of scalability.

● Fed Governor Waller: More data is needed to prove that the Fed has ended its rate hikes

According to Jinshi, Federal Reserve Board Governor Waller said that recent data will enable the Fed to move forward cautiously and more data is needed to show that the Fed has ended interest rate hikes; the Fed will have to keep interest rates high until inflation falls.

● Fed's Mester: Fed may need to raise interest rates "a little bit more"

According to Jinshi, Fed's Mester said that against the backdrop of stronger-than-expected economic data and upside risks to inflation, the Fed may need to raise interest rates "a little bit more". The latest indicators show that demand is stronger than expected and economic momentum is stronger than imagined. We need to maintain a sufficiently restrictive stance for quite some time to be confident that inflation will fall back to 2%.

● Financial Stability Board and IMF to submit global cryptocurrency policy document

According to CoinDesk, Klaas Knot, chairman of the Financial Stability Board (FSB), said that the Financial Stability Board and the International Monetary Fund (IMF) will launch a joint document on global cryptocurrency policy at the G20 summit. The document includes a roadmap for implementing a cryptocurrency policy framework, including global coordination, cooperation and information sharing. The document was submitted at the request of India, the current G20 presidency.

● Crypto companies received approximately $2.3 billion in investment in Q2 2023, the lowest quarterly level in more than three years

According to Reuters, despite Bitcoin's rise of about 55% this year, venture capital firms' investments in crypto startups have fallen for five consecutive quarters. According to data from data company PitchBook, in the second quarter of this year, venture capital firms' total crypto investments were less than $2.3 billion, falling to the lowest quarterly level in more than three years. In 2023, cryptocurrency investment has shifted to companies that support platform or blockchain-related underlying cryptocurrency technologies, such as cryptocurrency exchanges, wallets and other financial technology infrastructure, reaching $325 million, followed by blockchain networks ($220 million) and Web3 companies ($274.6 million). In the second quarter, only LayerZero and WorldCoin raised more than $100 million.

● Visa allows users to send USDC to select merchants via Solana in new pilot

According to Fortune, Visa said on Tuesday that it will begin sending USDC to selected merchants through the Solana blockchain in a newly announced pilot project. Credit card holders can simply swipe or click to purchase goods, while Visa handles the payment process in the background.

● Binance Research: Real Assets (RWA) is currently the eighth largest DeFi sector

According to the "Current Status and Prospects of Real Assets (RWA) in the Crypto Field" study released by Binance Research, RWA tokenization is gradually gaining attention as large institutional investors enter the crypto field. As of September 1, RWA has become TVL’s eighth-largest DeFi sector, with a total value of $1.3 billion, according to DeFi Llama. On July 24 this year, the number of RWA token holders on the Ethereum blockchain reached 41,300, twice as many as about a year ago. As adoption increases, expect to see traditional exchanges facilitate secondary trading of RWA.​

It is reported that real assets (RWA) refer to tangible and intangible assets in the physical world (such as real estate, bonds, commodities, etc.). Through tokenization, assets are stored and tracked on the blockchain, which improves efficiency and transparency while reducing the possibility of human error.

● Binance Charity Survey: One-third of respondents prefer to donate in cryptocurrency

Binance Charity’s survey of 1,126 respondents noted that people are very interested in using cryptocurrencies as a method of donating, with 32% of respondents expressing a preference for cryptocurrencies. Although traditional donation methods such as cash, checks and credit cards still account for the majority (43%), the survey shows that blockchain-based charitable donations are also receiving attention, with nearly one-third of respondents having tried using cryptocurrency to donate. . When choosing charitable donations, the factors that respondents are most concerned about include transparency, the specific purpose of the donation, and impact, with humanitarian relief, education, and health being the main areas of donation. Binance Charity’s past specific plans include donating $10 million in cryptocurrency for crisis relief in Ukraine, and launching the Binance Refugee Card specifically designed for refugees, providing a fast, low-cost and secure way to remit money. It not only demonstrates the application of cryptocurrency and blockchain technology in charity, but also highlights its future potential.