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WasabiCard launched various AI subscription cards, covering payment scenarios for mainstream AI tools such as OpenAI and Claude

According to official news, WasabiCard has launched various AI subscription cards, catering to the global AI tool subscription and payment needs of enterprises and teams, supporting subscription payment scenarios for mainstream AI applications such as OpenAI and Claude. Through card-based payment solutions, companies can handle the procurement and expense management of AI services for different teams, projects, or business lines more flexibly.In addition to AI subscription payments, WasabiCard also supports bulk card issuance for enterprises, fund budget management, and multi-currency account setup, as well as various scenarios such as advertising, business travel, payroll, and e-commerce subscriptions. It helps companies configure payment permissions and budget limits by department, employee, or specific purpose, enhancing the management efficiency of AI-related expenditures and the transparency of fund usage.As AI tools gradually enter daily workflows in research and development, content production, customer service, and operations, cross-border subscription payments and expense management are becoming important infrastructure for global operations of enterprises. It is important to note that currently, WasabiCard-related products are not open for application to enterprises and individual users in mainland China.

Arthur Hayes: AI "Safety First" is essentially a destruction of computing power demand; the U.S. government's ultimate choice in all scenarios is to print money, which ultimately benefits Bitcoin

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.

Binance Security Announcement: Please iPhone users check if FomoPeek is installed, as it can exploit iOS vulnerabilities to gain maximum access to the device

Binance Wallet Security Announcement: iPhone users please check if you have installed the FomoPeek application. Binance has noted a recent security incident disclosed by the community. According to security companies such as SlowMist, the third-party application FomoPeek (versions 1.1-1.2) contains malicious code that can exploit vulnerabilities in the iOS system to gain maximum permissions on the device and may access sensitive data stored on the device, including private keys, mnemonic phrases, login credentials, chat records, files, etc. Please note that such malware directly attacks the device itself. If the attack is successful, all application data on the affected device may be accessed.Please check the following:Are you using an iPhone or iPad running iOS 26.x or earlier?Have you installed the FomoPeek application?If both of the above apply to you, it is recommended to take the following steps immediately:Delete the FomoPeek application and do not reinstall it.Update the iOS system to the latest version.For users with self-hosted wallets: Create a new wallet on a device that has never installed the application and transfer assets to the new wallet address.If you notice any unusual asset activity, please retain the affected device and relevant evidence, and contact customer service for further investigation.At the same time, all users are reminded: Do not install applications from untrusted sources and keep your device software up to date.

Huobi HTX updated the September Merkle Tree reserve proof, with mainstream asset reserve ratios exceeding 100%

According to the latest Merkle Tree Proof of Reserves (PoR) data from Huobi HTX, as of September 1, 2026 (UTC+8), the reserve ratios of various mainstream assets on the platform remain above 100%, continuously ensuring the safety of user assets with sufficient reserves and committing to 100% redemption, ensuring that users can trade and withdraw at any time. As one of the earlier platforms in the industry to continuously disclose Merkle Tree Proof of Reserves, Huobi HTX has publicly disclosed PoR data for 47 consecutive months, enhancing platform transparency in a long-term and verifiable manner.The specific updated reserve ratios are as follows: BTC (104%), ETH (102%), TRX (109%), USDs (102%), HTX (103%), XRP (104%), DOGE (101%), SOL (103%). Users can visit the "Assets - Proof of Reserves Report" page on the Huobi HTX official website to view.It is worth mentioning that starting from April this year, to further enhance the visual representation of US dollar asset reserve data, Huobi HTX has unified and aggregated USDT, USDC, and other US dollar stablecoins as "USDs" for display. The asset data of each currency remains independently recorded and verified to ensure that the reserve information is authentic, clear, and traceable.In the future, Huobi HTX will continue to adhere to the 1:1 reserve principle, using verifiable data, traceable on-chain assets, and a regular information disclosure mechanism to continuously enhance asset transparency, allowing users to see reserves, verify assets, and use them with greater peace of mind.
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