management

Bitwise CEO posted on the X platform that the Bitwise Chainlink ETF has received inflows for three consecutive days, with assets under management exceeding 68 million dollars.

R25 today announced that its core product R25 Studio, based on the 2 architecture, has officially launched public testing. R25 Studio is dedicated to realizing the vision of "everyone can become an asset manager," fully opening up the capabilities for the establishment, operation, and distribution of institutional-level funds. By abstracting cumbersome legal documents, backend systems, and compliance processes into configurable smart contracts, R25 Studio has successfully compressed the fund establishment cycle from several months to just 10 minutes.The platform revolves around Build, Manage, Earn, and Distribute, covering Vault creation, subscription and redemption, investment management, fee earning, and distribution; asset managers can autonomously set investment parameters, management fees, and performance fee rates on-chain without building complex fund structures from scratch, generate exclusive Vault Tokens/Shares, and list the Vault on channels such as Dapp and Topnod. The platform also provides performance data such as NAV, APY, cumulative returns, and maximum drawdown, helping asset managers monitor strategy performance in real-time.Previously, in Phase 1, Axil launched a private credit Vault on R25 and successfully surpassed $130 million in TVL, validating the reliability of this infrastructure. The registration channel for the first batch of managers is now open.

Market operator Kalshi is negotiating a round of $1 billion financing, targeting a valuation of $40 billion. Existing investors Sequoia Capital and Wellington Management are discussing leading the round, with Tiger Global and Dragoneer Investment Group also participating in the talks. This round of financing has not yet been completed, and the final list of investors and closing date have not been announced.In October 2025, Kalshi raised $300 million at a valuation of $5 billion, and in May 2026, it completed a $1 billion financing at a valuation of $22 billion. On September 25, the U.S. Sixth Circuit Court of Appeals made a ruling unfavorable to Kalshi in a lawsuit involving Ohio and Tennessee, allowing the two states to regulate its sports contracts under gambling laws. Kalshi claims that its products are regulated by the U.S. Commodity Futures Trading Commission.

According to the official announcement, the Gate Yubi Treasure BTC limited-time benefit event is currently ongoing, with rewards including interest rate increases and experience gold.From September 28, 19:00 to October 7, 19:00 (UTC+8), new and existing users who complete registration and achieve a net recharge of 0.01 BTC or more, and use the recharged BTC to purchase the Yubi Treasure 7-day fixed-term product, can enjoy an additional 3% annualized interest rate increase. The interest rate increase amount for users will match the net recharge amount of BTC during the event. The interest rewards will be distributed in USDT, with a total prize pool of 100,000 USDT, distributed in the order of subscription time.In addition, during the event, users with a net recharge of BTC ≥ 0.1 BTC can also receive an additional 10 USDT contract experience gold (limited to the first 1,000 participants), and the rewards will be distributed within 5 working days after the event ends.

Bitwise CEO Hunter Horsley stated that the Bitwise Chainlink ETF (CLNK) has surpassed an asset management scale of 50 million dollars.

Goldman Sachs Asset Management stated that the Federal Reserve is unlikely to enter a prolonged rate hike cycle. The institution believes that tariff and energy price pressures may ease, there are no signs of an overheating economy, and inflation expectations remain anchored. The Federal Reserve's dot plot indicates one more rate hike this year, while the money market pricing shows that the remaining two meetings will cumulatively raise rates by 37 basis points.

Bitwise CEO posted on the X platform, stating that in the past two days, Bitwise Solana Staking ETF BSOL saw inflows exceeding 60 million dollars, with assets under management surpassing 1.2 billion dollars, setting a new historical high.He mentioned that Solana seems to be becoming the Solana of this cycle.

According to CoinDesk, Ripple stated that asset management companies and other commercial projects are preparing to use the Batch V1.1 feature of the XRP Ledger. This feature allows up to eight transactions to be combined into a single operation and ensures that all transactions either succeed or fail in an all-or-nothing manner, avoiding situations where one party completes settlement while the other fails.This upgrade is expected to support Delivery Versus Payment (DVP) transactions, allowing asset transfers and payments to be completed simultaneously, while also enabling exchanges, wallets, and market platforms to directly attach service fees to customer transactions for processing.RippleX Engineering Director Ayo Akinyele mentioned that some projects are already being developed around Batch, and once activated, it will bring related work closer to a production environment. Specific partners and launch times will be announced once plans are finalized. The amendment has received support from 30 of the 35 tracked validators on the XRP Ledger, exceeding the 28 votes required to enter the activation countdown. The countdown began on September 15, and if the validator support rate remains above 80% within 14 days, Batch V1.1 is expected to be activated shortly after September 29.Previously, researchers discovered serious flaws in the Batch V1 signature verification process in February, which could prematurely stop checking signatures under certain conditions, allowing attackers to unauthorizedly include transactions from other accounts. The developers subsequently withdrew the original version. Since the amendment had not yet been activated at that time, the vulnerability code did not run on the live ledger, and no funds were exposed.

The Chairman of the SEC, Paul S. Atkins, announced the remarks from the roundtable meeting, commenting that the SEC is advancing preparations to expand 24-hour trading in the U.S. stock market. Extending trading hours is expected to allow investors to respond to market events more promptly, increase global market participation, and enhance liquidity.Paul S. Atkins pointed out that the DTCC has currently launched the "23×5" trading capture system to support clearing and settlement. The industry has also established overnight price ranges and related risk control requirements for trading centers. The Securities Information Processor (SIP) is also preparing to release overnight price information, while tokenization is expected to help the securities industry achieve real-time inventory management, improve efficiency, reduce settlement failures, and lower the risk of naked short selling.

According to The Wall Street Journal, AI computing infrastructure startup Crusoe has completed a $3.9 billion Series F funding round, with a post-money valuation of approximately $30.9 billion. This round of financing was co-led by Atreides Management, Valor Equity Partners, and Mubadala Investment, with participation from Founders Fund, TPG, and the Qatar Investment Authority (QIA).Founded in 2018, Crusoe initially provided services for cryptocurrency miners and later shifted to AI computing infrastructure. It spent two years building a large AI data center in Abilene, Texas, to provide computing power for OpenAI and Microsoft. The company is currently transitioning to producing compact data centers named "Spark," loading prefabricated facilities onto trucks and deploying them to locations with excess power to more quickly meet the demand for AI inference computing power.

According to Fortune magazine, the blockchain private credit management platform Tare has completed a $13.25 million seed round financing, led by Blockchain Capital, with participation from Janus Henderson, Strobe Ventures, the Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Individual investors include Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern.The funds will be used to build and expand loan management software, hire staff, and obtain the necessary licenses for its loan department Tare Credit LLC to operate nationwide.Tare was co-founded by Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, and plans to build software on the Avalanche blockchain to create digital records for loans and automate the management of related administrative tasks. Miao stated that the difference between the interest paid by borrowers and the returns received by investors is often absorbed by intermediaries, and the blockchain system can automate operational tasks and eliminate additional costs.

According to the official announcement, Bitget has launched the ETF Wealth Management Zone, featuring five selected US stock ETFs in its first phase: SPY (S&P 500 ETF), IWM (Russell 2000 ETF), TLT (US Long-Term Treasury ETF), EWY (Korean Market ETF), and SOXX (Semiconductor ETF), covering themes such as broad US stocks, US dollar long bonds, and core technology.Through this zone, users can invest in a basket of assets without having to select individual stocks, allowing for a one-stop layout of global core assets and popular sectors. Additionally, the ETF assets (rToken) in the zone support flexible trading 24/7 and can be used as collateral, further enhancing capital efficiency.Currently, the zone page has intuitively integrated core data such as the yield, historical dividends, and holdings composition of each ETF. Users can visit the Bitget App and enter through "Wealth Management Overview → RWA → ETF Wealth Management" to experience it.

Cryptocurrency exchange Binance has launched a wealth management service, providing users access to 11 U.S.-listed exchange-traded funds (ETFs) that focus on short-term U.S. Treasury bonds and investment-grade bonds. The new Binance Earn product categorizes the ETFs into three types based on investment duration (ranging from less than six months to over a year): cash management, stable income, and enhanced yield.Users can browse available ETFs and place orders through Binance Earn, with the purchasing process completed via the exchange's stock trading service. Binance states that investors can receive economic benefits from the stocks, including price fluctuations and cash dividends. Unlike tokenized stocks, users purchase actual ETF shares through this service. Binance provides the interface, while Nest Trading routes orders to Alpaca Securities for trade execution and securities custody.This wealth management service is Binance's latest initiative to expand its traditional financial business. Earlier this month, the exchange added physical delivery options for over 1,000 U.S. stocks and ETFs, with its existing stock products already covering more than 7,000 stocks and ETFs. A survey by PwC last year showed that over 80% of respondents believe tokenization will enhance the global coverage and 24/7 accessibility of the ETF market within the next three years.

a16z partner Josh Elman stated: Product management is about storytelling. His career began at RealNetworks as an engineer, responsible for the product and engineering team of RealPlayer, which had hundreds of millions of users at the time. When he applied to LinkedIn, he was interviewed by Reid Hoffman, who asked what the product manager's product was. He initially answered "specifications," but later admitted that was the wrong answer; the real product is the story that people can share without him being present. During his time at LinkedIn, he wrote a 120-page specification document.Elman stated that AI has collapsed production costs and reversed the development cycle, from specifications and scope to building and experience. First, quickly build prototypes with AI to see how they feel; prototypes are better than assumptions, then design and release. Demonstrations are almost free, while working products are not; deciding what to build is a matter of impactful debate. Vision is purpose, core actions, and cycles; one should ask people if they truly use the product, and guiding is the most important moment of storytelling.

The Shanghai Financial Regulatory Bureau issued opinions on promoting the quality and efficiency of technology finance in Shanghai's banking and insurance industries. This includes leveraging new technologies such as artificial intelligence to innovate and empower technology finance, encouraging qualified financial institutions to build enterprise-level artificial intelligence platforms, and comprehensively utilizing digital technologies such as big data, blockchain, the Internet of Things, and quantum computing to empower product research and development, business decision-making, risk management, and other aspects, thereby enhancing the intelligent operation level of technology finance.Support financial institutions in strengthening the innovation of technology enterprise evaluation mechanisms, shifting from a traditional focus on financial indicators to an emphasis on innovation capabilities, relying on databases in the field of technology finance, making good use of "Shanghai Science Points," and constructing a dedicated evaluation system for technology finance to accurately portray technology talents and technology-based enterprises, accelerating the development of suitable technology finance products.

According to Bloomberg, U.S. regulators released a statement on Friday announcing a proposed guideline on third-party risk management for banks. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration stated that the proposal aims to help banks and credit unions "better align and customize their third-party risk management practices to match the risks of various third-party relationships."Federal Reserve staff indicated in a memorandum that as this plan is introduced, banks are increasingly outsourcing certain functions and relying on third-party relationships to improve efficiency and reduce costs. The plan will be open for public comment, is non-binding, and aims to focus institutions' regulatory attention on a principles-based approach to such risks. Federal Reserve Governor Barr opposed the proposal, citing concerns about the standards for "significant financial risks."

Japan-listed Bitcoin treasury company Metaplanet announced the establishment of a wholly-owned subsidiary, Metaplanet Asset Management Asia Limited, as the group's trading execution and asset management hub in the Asia region, with an initial investment of 1 million USD, expected to be established in September 2026.The company will operate in coordination with Metaplanet Asset Management Inc. (MAM), which was previously established in Miami, USA, primarily responsible for trading execution and risk management operations such as position and market dynamics monitoring during the Asian trading hours, focusing on investment targets including Bitcoin, Bitcoin-related stocks, and preferred securities issued by Bitcoin treasury companies. This move is part of Metaplanet's strategy to advance the "Project Nova" Bitcoin financial platform, and the company expects this matter to have a slight impact on the consolidated performance for the period ending December 2026.