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Volantis, a photonic interconnect chip company, announced on X that it has completed a $88 million Series A financing round. The company stated that it is addressing AI memory bottlenecks with optical solutions, configuring large amounts of high-speed memory for chips, and increasing single-chip memory bandwidth and capacity by several orders of magnitude to support high-speed inference for models with over 10 trillion parameters, with single-user speeds reaching up to 10,000 tokens per second.Volantis claims that this solution will initially be used to accelerate agents, reducing programming tasks from hours to minutes or seconds. The company also stated that the optical solution can enhance memory systems by several orders of magnitude generationally, rather than the typical doubling every year. Its team has been involved in the first CoWoS product, early HBM, the first silicon photonic CPO system, the first mass-produced tunable VCSELs, and the first processors with optical direct communication; it has now achieved transmission distances in chip packaging that exceed 10 times that of equivalent tiny conductive wires, with next-generation products already taped out, aiming to set records for bandwidth density at relevant distances.

The perpetual contract protocol Drift (now Velocity) Foundation has opened claims and redemptions for the security incident on April 1. Affected users can claim newly issued compensation tokens DFX at a rate of 1 DFX for every $1 of verified loss. DFX is a Solana standard SPL asset, with a fixed total supply of approximately 299.5 million tokens, corresponding to about $295.4 million in verified losses, and no further issuance will occur.Users can destroy DFX on the official portal and redeem it for USDT at the redemption price, or trade it on secondary markets like Raydium. The redemption price is determined by the balance of the recovery pool divided by the number of DFX tokens that have not yet been destroyed. Currently, there are about 3.11 million USDT in the pool, with a redemption price of approximately $0.0104, allowing for about $1 back for every $100 lost, covering about 1% of the losses, which has caused dissatisfaction in the community, believing there is a significant gap from the expected full compensation.The plan also includes a maximum support commitment of $127.5 million from Tether, up to $20 million from partners, as well as subsequent sources such as transaction fee sharing from the new trading platform Velocity and the recovery of stolen funds, most of which are upper limits or installment arrangements, and were not included in the pool on the opening day. After the DFX launch, the redemption price remains around $0.0104, while the secondary market trading price has risen from about $0.01 to approximately $0.03, with a 24-hour increase of about 210%, and liquidity at that time was around $200,000. The tokens can be freely transferred, and the trading price does not have to equal the redemption price; buyers are mainly concerned with subsequent funding, protocol revenue, recovered funds, as well as the impact of early redemptions and the destruction of unclaimed portions after the window closes on January 1, 2028.

According to Bitcoin Magazine, Jack Dorsey's payment company Block has announced the launch of its first Bitcoin consumer advertising campaign, aimed at encouraging people to use Bitcoin as a medium of exchange and to make Bitcoin "everyday currency." The campaign slogan is "Some things don't make sense. Bitcoin does." The advertisements depict scenes of Americans complaining about rising living costs and Wall Street bankers receiving government bailouts.Miles Suter, head of Block's Bitcoin business, stated that the company focuses on creating financial products that make everyday life more convenient, and this advertising campaign is the first large-scale showcase of a centralized financial system for Bitcoin. The campaign will run from Thursday on YouTube, X, Meta, Instagram, and Fox Sports television channels until December 31, and will be aired before select screenings of "Avengers: Endgame" and "Dune Part 3."Dorsey left Twitter in 2021 to focus on payment business and Bitcoin adoption, and has expressed a desire for Bitcoin to become a global currency. Block's Cash App allows users to buy, sell, and send Bitcoin, while Square accepts Bitcoin payments through the Lightning Network. The company also launched a modular Bitcoin mining machine last year to reduce costs for miners in maintenance and equipment replacement.

The Commodity Futures Trading Commission (CFTC) is investigating prediction markets, focusing on the compliance of their incentive programs and expressing concerns about misleading promotional practices present in the market.

The British pound fell to a 12-week low against the US dollar due to the Bank of England's cautious stance on interest rate hikes, contrasting with the Federal Reserve's tightening policy.The Federal Reserve raised interest rates by 25 basis points last week and hinted at at least one more rate hike this year, strengthening the dollar. The Bank of England kept rates unchanged last week, causing the pound to drop by as much as 0.6%, reaching a low of 1.326 dollars.

U.S. Senator John Curtis from Utah, a Republican, wrote to Chuck Grassley, the Chairman of the U.S. Senate Judiciary Committee, and Dick Durbin, the Chief Minority Whip, calling for an investigation into whether Donald Trump Jr. and Hunter Biden exploited their presidential family connections for personal financial gain, and requested subpoenas for both individuals. Curtis pointed out that Donald Trump Jr. had accepted wedding gifts from Russian oligarch Umar Kremlev, actively promoted family-backed cryptocurrency ventures, and served as an advisor for a prediction market platform; the related companies are regulated by the Commodity Futures Trading Commission. Donald Trump stated that his son has returned the relevant funds to Umar Kremlev.Curtis also called for an investigation into Hunter Biden's substantial business dealings with foreign entities, as well as whether the two utilized their relationship with the president to create commercial value. He mentioned that Joe Biden pardoned Hunter Biden in December 2024, who had previously denied involving his father in business transactions. A week prior to this investigation call, Senate Republicans failed to garner enough Democratic support to advance the Digital Asset Market Clear Act. Some Democratic senators opposed the bill, citing reasons including Donald Trump's use of cryptocurrency ventures to gain benefits related to the presidency; Donald Trump disclosed that he earned $1.4 billion from digital asset-related businesses in 2025.

The social media platform X has filed a lawsuit in London against two British residents, accusing them of defrauding the company through the Creator Revenue Sharing program. X Internet Unlimited Company and X Corp. stated in the lawsuit that Vivek Kumar Sen, Zamyang Sherpa, and unidentified accomplices operated multiple X accounts in collaboration, using likes, retweets, and replies to create a false impression of genuine interaction to increase their share of revenue from the program. X was acquired last year by Elon Musk's artificial intelligence company xAI for $33 billion.The plaintiffs named a total of 9 accounts, including @Vivek4real_, @Bitcoin_Teddy, @saylordocs, @TrendingBitcoin, @Kalshibacktest, and @PolyBackTest. X accused several accounts of posting identical or highly similar cryptocurrency-related content within minutes of each other, with one post interval being only 11 seconds; at the same time, these accounts had overlapping financial and identity information, such as the Stripe account associated with @Bitcoin_Teddy being registered under the name "Stefan Mann," while the associated bank account and email both belonged to Sen.X claimed it suffered a loss of £207,384 (approximately $277,000) due to program expenditures and is seeking at least £75,000 (approximately $100,000) for investigation, analysis, remediation, and prevention of further violations.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the market Polymarket. A large whale invested $680,048.32 in "Real Betis" during the event "Real Betis vs. Getafe." Based on the current transaction price, the latest corresponding winning probability for this target is 65.01%.

Crypto In America host Eleanor Terrett reported that seven Democratic senators, including Kirsten Gillibrand, Mark Warner, Ruben Gallego, and Angela Alsobrooks, stated that they are "committed to passing the Clarity Act in a bipartisan manner."This statement comes as both sides are making initial efforts to restart bipartisan negotiations and assess the willingness of all parties to return to the negotiating table and push for the passage of the Clarity Act before the end of the year. This information comes from three informed sources.

A federal judge in the United States ruled on the antitrust case against Google's advertising technology business, rejecting the U.S. Department of Justice's proposal to "break up Google's advertising technology business."

According to CryptoSlate, the UK-listed company Satsuma Technology has sold its entire reserve of 669.4867 bitcoins, with the transaction completed between July 24 and 31, at a net transaction average price of £47,667 per bitcoin, resulting in total proceeds of approximately £31.91 million.The High Court of England has approved its capital reduction through the cancellation of Class B shares, and the company will return £30.718881 million to eligible shareholders, which amounts to £0.002734 per Class B share.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Paris Saint-Germain vs. Bratislava," the "Over" option in the sub-market "Bratislava Second Half O/U 1.5" experienced a dramatic fluctuation in winning probability, soaring from 32% an hour ago to the current 50% (a fluctuation of 18%). Please note the impact of relevant breaking news.

The tenth round of executive option pool at Japan's Bitcoin treasury company Metaplanet continues to spark shareholder dissatisfaction. This option pool was originally designed to be 20% of the fully diluted equity and automatically expands as the company issues new shares to increase its Bitcoin holdings. Some shareholders are calling for the cancellation of the newly added 273 million shares and for greater transparency in future decision-making. On August 18, Metaplanet froze the option pool at 319.5 million shares, but critics argue that this actually amplifies the dilution for existing shareholders, as the option pool increased from 46 million shares to 319.5 million shares.Metaplanet CEO Simon Gerovich has committed to re-evaluating the company's governance and compensation policies and clarifying its relationship with shareholder MMXX Ventures, stating that it is merely a non-controlling significant shareholder of MMXX's parent company and does not hold an executive position. On August 31, Metaplanet disclosed that Gerovich had exercised 92,000 shares from the option pool. Matthew Sigel, head of digital asset research at VanEck, suggested freezing further exercise rights of the tenth round option pool, allowing holders to voluntarily waive excess rights, and replacing the tenth round option pool with a five-year incentive plan primarily linked to each share's fully diluted Bitcoin holdings, approved by shareholders.In its announcement on August 18, Metaplanet acknowledged that the decision to expand the option pool "amplified the dilution borne by existing shareholders." As of Wednesday's close in Tokyo, Metaplanet's stock price rose, narrowing the five-day decline to about 16.3%.

A British man named Chris has recovered 61 bitcoins, currently worth about 4.4 million dollars, after a 12-year legal dispute following the closure of the UK cryptocurrency exchange Intersango in 2014. Chris purchased the bitcoins in 2011 and subsequently left the assets in the exchange's custody, without transferring them to a self-custody wallet.Intersango, formerly known as Britcoin, was one of the first exchanges in the UK to offer bitcoin trading in pounds. Ryan Sweetnam, the financial litigation director at CEL Solicitors, assisted in recovering the assets. The law firm took 4 months to submit the necessary documents to a US court, ultimately completing the return through negotiation. Chris stated that he now opens the wallet where the bitcoins are stored about 20 times a day.

OpenAI Chief Scientist Jakub Pachocki published an article titled "An Alien Mind" on September 6, 2026. The article reviews the results of the RLSlow research project, which emerged in mid-2023, demonstrating the first scalable training of reasoning models. It states that three years later, reasoning language models have become part of rapid economic growth, beginning to push scientific boundaries, capable of operating computers and graphical interfaces, collaborating with humans and other AIs on research projects, while also changing the landscape of computer security and introducing new dangers.The author anticipates that the current pace of progress may continue towards recursive self-improvement based on internal results. If AI development continues along the current path, systems may experience equivalent or greater leaps in capability in the coming years, increasingly driving their own development. The author calls for extreme caution, believing that no one is prepared to deal with the consequences of the rapid rise of machine intelligence. OpenAI will continue to seek technical solutions for alignment and monitoring, build defensive systems, and unilaterally halt further scaling when necessary, but believes broader intervention is needed.The article states that machine intelligence is primarily driven by increased computational power, with AI growing more than being designed. In terms of alignment, it distinguishes between goal alignment and value alignment, with the core challenge being generalization. GPT-6 Astra shows significantly better alignment than GPT-5.6 Sol, but more progress is still needed. In monitoring, the focus is mainly on chain-of-thought monitoring, with assessments showing that reliance on capabilities is gradually weakening. In terms of scalable defense, models are becoming superhuman in breaking into computer systems, currently in a narrow window where using the best available models significantly enhances the security of critical systems.

The Bank for International Settlements (BIS) released Working Paper 1374, proposing a technical solution based on the XRP Ledger (XRPL) to verify the source and integrity of official statistical data. This solution generates cryptographic fingerprints for SDMX datasets and records the hash values of batch data on the XRPL, while the original data itself is not stored on the chain.Users can verify the identity of data publishers and whether the data has been tampered with through digital signature credentials combined with a one-time on-chain query. Prototype testing results show that data publication takes about 3 to 5 seconds, while the verification process only takes about 1 to 2 seconds. The paper specifically notes that this system is currently only in the proof-of-concept stage and has not yet been put into a formal production environment.

According to market news, the UK-listed company B HODL has repurchased 1 Bitcoin, currently holding 167.487 Bitcoins, ranking 93rd in the Bitcoin 100.

According to a report by Reuters, Apple Inc. is facing a class-action lawsuit in London, with claims amounting to £2 billion (approximately $2.7 billion). The lawsuit was filed today in the London Competition Appeal Tribunal by Ann Pope, a former senior official of the UK's Competition and Markets Authority, representing app developers.The core allegation is that Apple's "App Tracking Transparency" (ATT) feature, launched in 2021, imposes stricter restrictions on third-party developers than on its own services, giving Apple's own advertising ecosystem an unfair competitive advantage. Ann Pope stated that Apple's policies "have caused very significant harm to businesses that rely on Apple as a gatekeeper."Since its launch, the ATT feature has been a focal point of concern for global regulators for several years. Apple's official stance is that the feature is designed to allow users to control whether to permit apps to track their activities across other companies and websites.However, the plaintiffs argue that the actual enforcement of this rule has a double standard—tracking requests from third-party apps require strict pop-up authorization, while Apple's own personalized ads and services can bypass the same restrictions. This lawsuit represents the latest legal challenge Apple faces regarding its ATT policy and is the first large-scale private antitrust lawsuit initiated in the UK market against Apple's app ecosystem rules following scrutiny from regulators in the EU, the US, and several other countries.

Market maker and investment institution DWF Labs announced that its affiliated group entity has obtained regulatory approval as a Virtual Asset Service Provider (VASP) from the British Virgin Islands Financial Services Commission (BVI FSC).

On September 1, 2026, TCL filed a lawsuit against Samsung in the federal court in Los Angeles, accusing it of false advertising regarding some televisions using Mini LED technology. The lawsuit claims that Samsung marketed its M series televisions as Mini LED products, but these televisions actually come from a recycled standard LED product line and do not contain Mini LED-related technological advancements.TCL stated that it surpassed Samsung in Mini LED television sales in the United States between 2023 and 2025, while Samsung launched the M series at prices below TCL's lowest price and falsely labeled them, resulting in damage to TCL's market share. TCL seeks an injunction to prevent Samsung from using the Mini LED designation and unspecified monetary damages.Samsung stated that it will vigorously defend itself and insists on the quality and accuracy of its product descriptions. The report was written by Blake Brittain.