benefits

Bitwise Asset Management Chief Investment Officer Matt Hougan stated that after the Senate did not advance the CLARITY Act, stablecoin platforms retain the space to offer balance rewards to customers, and exchanges like Coinbase continue to hold the advantages of existing state-level licenses and the integration of trading and brokerage services.The U.S. Securities and Exchange Commission (SEC) has issued a five-year exemption for tokenized stock trading, allowing eligible platforms to test using licensed automated market makers and liquidity pools. Hougan listed Securitize, which will serve tokenized funds for BlackRock, Apollo, and KKR, as a beneficiary. SEC staff updated the token buyback guidelines, stating that for networks that are functional and do not have a centralized party, buyback announcements do not constitute a commitment relied upon by buyers for expected profits; this guideline does not have legal effect.

For the week ending September 19, the number of continuing claims for unemployment benefits in the United States was 1.701 million, lower than the expected 1.725 million, and the previous value was revised from 1.719 million to 1.712 million.

According to Forbes, Bitcoin approached $90,000 earlier this month. Meanwhile, global debt continues to rise, and the "currency depreciation trade" surrounding the decline in purchasing power of fiat currency has become one of the factors driving up assets like Bitcoin and gold.Data from the Institute of International Finance shows that global debt increased by $10 trillion in the first half of this year, surpassing $365 trillion in total. The U.S. debt has exceeded $40 trillion, with annual interest payments rising to $1.27 trillion, surpassing defense and Medicare spending, and only lower than Social Security spending. The institute warns that as benchmark interest rates rise, interest costs will also increase.Nic Puckrin, founder of Coin Bureau and cross-asset analyst, stated that the current environment is favorable for "currency depreciation assets" like Bitcoin and gold, which is part of the reason for Bitcoin's recent rise. The larger the debt of major economies, the more likely it is to suppress real borrowing costs and allow inflation to erode the real value of debt, thereby enhancing the attractiveness of such trades.Analysts from The Kobeissi Letter pointed out that the purchasing power of the dollar has declined by 23% since 2020; if assets only increased by 30% during the same period, investors have essentially just broken even in terms of real purchasing power. The U.S. inflation rate has been above the Federal Reserve's 2% target for 60 consecutive months.

B.AI announced that Xiaomi's latest MiMo-V2.6 series will launch exclusive discounts on September 25 at 15:00 (SGT): MiMo-V2.6-Flash will enjoy a 90% discount, and MiMo-V2.6-Pro will enjoy a 50% launch discount.This series supports 1M ultra-long context and multimodal understanding, covering high-frequency agents and complex reasoning scenarios, helping developers run API calls at a low cost.

From September 22 to September 28, five major projects under TRON ECO—SUN, JUST, WINkLink, BitTorrent, and AINFT—launched the "Moonlight Tarot: Reveal Your Exclusive Identity" Mid-Autumn Festival themed event. Users can choose the tarot identity card that best fits them, tag the corresponding project, and include a reason that combines the characteristics of that project's products. At the same time, tag three friends and include the topic #TRONECOMoonTarot to participate.The event sets up 25 popularity awards for tarot (TRON ECO exclusive peripheral gift packages) and 10 lucky tarot signs (TRON ECO doormats), totaling 35 gifts. As the moon is full, the card array is open, and five identities await to be claimed—whether you are the "Trader" who excels in efficient trading, the "Alchemist" skilled in asset operations, the "Insightful" one connecting on-chain and off-chain, the "Communicator" enthusiastic about spreading information, or the "Architect" building AI Agents, you can find your role in this Mid-Autumn Tarot journey.Bring the topic and reveal your identity card, and celebrate a Mid-Autumn Festival with TRON ECO that is filled with cards, gifts, and surprises.

Arthur Hayes published a new long article titled "Safety First," with the core argument that the claims of "safety first" by Anthropic, OpenAI, and SpaceX, which lead to a slowdown in AGI development, are not out of concern for human welfare but rather due to economic realities. The market does not want AI; it wants AI at "Chinese prices," meaning it needs intelligence that is 100 times cheaper than what is currently available. Hayes points out that "safety first" essentially destroys the demand for computing power. If the spending on training new models decreases and laboratories shift towards efficiency optimization, customers will spend less on computing power. The three major AI laboratories do not generate any profits, and their demand for computing power supports over $10 trillion in investment-grade debt and hundreds of billions in low-quality debt, which rely on profitable tech companies like Nvidia, Broadcom, Google, and Microsoft for off-balance-sheet endorsements. The real backstop is the holders of insurance policies in the United States.Hayes cites an analysis by Nick Nameth that reveals a "self-insurance scam": private equity giants (such as Apollo, KKR, Brookfield, etc.) acquire insurance companies, stuffing AI data center debt and SaaS private credit impacted by AI into insurance assets, and then provide false endorsements with minimal capital through affiliated self-insurance reinsurance companies. Nameth estimates that the total amount of these false reinsurance assets reaches $1.54 trillion. Once the AI data center debt is downgraded by rating agencies due to insufficient demand for computing power, insurance companies will be forced to add capital, while the affiliated reinsurance companies will be unable to pay, leading to insolvency for the insurance companies. In most states in the U.S., the insurance protection limit is only $250,000 to $300,000, and existing insurance companies only pay into the protection fund afterward, which encourages all parties involved to maximize risk-taking. When AIG was bailed out in 2008, TARP funds ultimately flowed to Goldman Sachs and led to record bonuses, while the general public only received foreclosure notices; Hayes believes this scenario will repeat itself.For cryptocurrency investors, the conclusion is a win-win situation. If the U.S. government chooses to become the "last buyer of computing power," it will print money in the name of national security to fund unproductive economic goods, driving up financial speculation and Bitcoin prices; if the government chooses to bail out insolvent insurance companies, it will also need to print money to cover bad AI debts, increasing the money supply and pushing up Bitcoin. Hayes specifically points out that the Federal Reserve voted unanimously last week to raise interest rates by 25 basis points, and RMP bond purchases have stopped since August 14, but commercial banks have taken over to create over $100 billion in currency, and the interest rate hike allows banks to earn an additional $7.5 billion in excess reserve interest each year. This money will be used to expand loans and market speculation, and the net effect remains stimulative. The fluctuations in the cryptocurrency market, which saw a slight increase at the end of August, are about to end, the supply of dollars will continue to grow, and Bitcoin and some selected altcoins will rise. Hayes also described this situation as "incredibly wonderful," stating that the government will not allow the free market to stop building AI data centers, there will be an oversupply of spot computing power, the usage of AI agents will increase, and the surge in money printing will drive investors to chase cryptocurrency assets.

On September 16, B.AI announced the official launch of its five popular models at a 90% discount. Starting from September 16 at 17:00 (SGT), Qwen3.8-Flash, Hy3, and MiMo-V2.5 officially joined the discounted lineup, teaming up with the already discounted DeepSeek-V4.1-Flash and GLM-5.3-Flash to fully construct B.AI's exclusive 90% discount family of five popular models.This means that developers only need to pay 10% of the official standard price to seamlessly switch between diverse needs such as inference, programming, multimodal, Chinese scenarios, and high-frequency APIs, creating low-cost AI infrastructure in a cost-effective manner. Whether for individual development or team-scale deployment, B.AI makes top-tier computing power no longer expensive, truly achieving a low-cost, high-freedom model invocation experience. Start your experience now: https://chat.b.ai/chat

Bitget launched the "VIP Summit" program on its 8th anniversary, opening a direct channel to VIP 7 for professional traders. Eligible historical high-level VIPs and newly promoted VIPs can apply for a 30-day VIP 7 experience card without needing to upgrade step by step. During the event, completing trading challenges can also extend the VIP 7 experience period to 4 months, with opportunities to receive limited gifts and exclusive dinner invitations.The VIP Summit program is centered around "Ultimate Rates, Ultimate Trading," targeting different types of professional traders such as newly promoted VIPs, other VIPs, and historical VIPs. It establishes three main channels: VIP upgrades, TradFi challenges, and peak privileges, further expanding trading rights and exclusive benefits. VIP benefits include discounts on trading fees, borrowing rates, advanced APIs, unified trading account (UTA) infrastructure, and exclusive VIP services, addressing the core needs of professional traders regarding cost, efficiency, and service.This program is based on research from over 300 VIP users, with trading costs and execution efficiency identified as the most important factors for professional traders, forming the core basis for the event's design. As a key initiative for the next phase of Bitget UEX, this program further focuses on professional and high-net-worth traders, continuously improving the platform's system in terms of trading rights, capital efficiency, and exclusive services. The participation period for the event ends on October 31, and more details can be found on the Bitget official platform.

Less than 24 hours remain until the new pricing for the DeepSeek V4 Flash series takes effect (September 10, 12:00 SGT). With upstream price adjustments imminent, B.AI has prepared an exclusive stacking benefit for global developers to ensure top-tier computing power remains within reach. This upcoming benefit aims to further reduce invocation costs and unleash greater productivity—whether for high-frequency API calls, Agent workflow construction, or large-scale production-level deployments, all can operate continuously and efficiently with a lower burden. Specific benefits will be announced soon, so please stay tuned to B.AI's official updates and don't miss this boost in computing power.

OpenAI CEO Sam Altman stated in an interview with Bloomberg Television's "Bloomberg The Close" host Ed Ludlow that top AI developers have performed poorly in communicating the benefits of the technology, making the industry susceptible to growing opposition.Altman said, "I think the entire industry has done a very poor job in this regard." "I think we ourselves have not done well, perhaps better than some and worse than others."

For the week ending August 15, the number of continuing unemployment claims in the United States was 1.778 million, lower than the expected 1.79 million, and the previous value was revised from 1.799 million to 1.796 million.

Strive CEO Matt Cole stated that the BTC/gold ratio is sending a strong signal, indicating that the next Bitcoin cycle could be the strongest in history.Currently, there are two major structural factors: the long-term structural depreciation of the dollar, and Bitcoin has never experienced a true secular dollar collapse; and in an AI-driven prosperous world, capital will increasingly chase "scarce assets" that cannot be replicated. If Bitcoin can perform stronger relative to gold, it will attract a disproportionate inflow of funds, creating a positive feedback loop.

For the week ending August 8, the number of people continuing to claim unemployment benefits in the United States was 1.799 million, higher than the expected 1.79 million, and the previous value was revised from 1.777 million to 1.781 million.

Recently, DeepSeek-V4 announced a price increase and the introduction of peak and off-peak pricing. On August 15, the B.AI platform announced the launch of a major benefits program to help developers use Deepseek without fear of costs.New users can log in through Binance Wallet, Bitget Wallet, or imToken wallet to receive 1 million free Credits. By entering an invitation code, they can receive an additional 300,000, for a total of up to 1.3 million; both new and existing users can also enjoy an extra bonus of up to $100 in Bonus Credits when recharging. Users can prepare their B.AI accounts in advance to unlock benefits early.

B.AI welcomes several major updates this week. In terms of benefits, new users can log in with Bitget Wallet, Binance Wallet, or imToken Wallet to instantly receive 1 million free Credits; logging in with an invitation code grants an additional 300,000, with a maximum cumulative total of 1.3 million when combined with the exclusive wallet login gift. Referrers also enjoy permanent rebates on friend deposits and subscriptions. Recharge discounts are released simultaneously, with a 1:1 equivalent quota gift exclusive to the BNB Chain channel, while various other payment methods enjoy a 1:0.5 rebate, with a maximum of $100 worth of points available per user.On the model side, there is another breakthrough, as the "Self-selected Service Provider" lineup is significantly expanded this week, adding the Nebula channel and launching historic calling discounts as low as 10%; at the same time, Alibaba's Tongyi Qianwen flagship model Qwen3.8-Max officially lands on the platform, now open for a limited-time free experience. Currently, the self-selected mode has fully covered global mainstream large model series such as Claude, GPT, and Gemini, combined with recharge gifts and multiple discount tiers, continuously releasing extreme computing power cost-effectiveness for global developers and enterprise users.

According to Caixin, as the CRS information exchange becomes normalized, tax authorities can fully obtain data on dividends and cash value from overseas insurance policies, gradually filling the gaps in tax administration. The taxation of insurance benefits from overseas income has now been initiated.In addition, the CRS, as the "eye in the sky" of the global tax system, is also being upgraded according to schedule, with CRS 2.0 approaching. Key changes include incorporating crypto assets, central bank digital currencies (CBDC), and specific electronic currency products into the definition of financial assets, aligning with the trend of digital assets gradually merging with the mainstream financial world. Overall, from multiple dimensions such as overseas stock trading, overseas insurance, and offshore trusts, the iteration of CRS 2.0 and the tightening of overseas income tax collection mechanisms resonate with each other, mutually supporting and enhancing the effectiveness of cross-border tax source regulatory constraints.

According to Jinshi, the number of people continuing to claim unemployment benefits in the United States for the week ending July 18 was 1.782 million, lower than the market expectation of 1.798 million.The previous value was revised from 1.796 million to 1.789 million.

Aave founder Stani posted on the X platform stating that there is a greater need than ever for all parties in the industry to reach a consensus and make every effort to promote the smooth passage of the CLARITY Act in the United States.Although the bill is not perfect at this time and there are still many details that need to be developed by regulatory agencies in the future, it will become the first regulatory legislation involving DeFi, providing a clear legal framework and regulatory certainty for institutions, fintech companies, and banks to participate in on-chain finance.Once officially passed, its impact on the on-chain financial ecosystem is expected to be similar to the development opportunities brought to the stablecoin industry by the previous GENIUS Act, attracting more investment and institutional funds into the on-chain space.Over the past year, especially in recent weeks and days, the Aave team has been in close communication with relevant policymakers in Washington, D.C., and is currently in the "last mile" of promoting the implementation of the bill, a crucial stage.

NVIDIA CEO Jensen Huang stated in an exclusive interview with Axios on Tuesday that American companies "absolutely" should be allowed to use Chinese open-source AI models, directly challenging the Trump administration and some American AI labs' blockade policies.Huang believes that the market's panic over Kimi K3 is a misreading, similar to the sell-off triggered by DeepSeek in early 2025: cheaper open-source models will expand the AI audience and increase, rather than decrease, the demand for chips, data centers, and computing power. "Free AI is good for hardware, good for chips, good for data centers." He also refuted the notion that open-source models pose security risks, claiming that open-source is actually safer because external researchers can examine the models, expose vulnerabilities, and build defenses, while calling for Anthropic to open its Claude Mythos model to "everyone."Huang rejected the narrative that "China will defeat American companies," arguing that the AI race has no finish line and that China and the U.S. will coexist in the long term. Hours after the interview, U.S. Treasury Secretary Bessent stated that the government is reviewing whether Chinese AI models are stealing intellectual property and considering sanctions. Huang responded that knowledge distillation is the foundation of intelligence and that accountability should be directed at violations rather than the models themselves.