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SonicStrategy Announces $40 Million Investment Commitment from Sonic Labs

5 hours ago

On September 2nd, the Canadian listed company SonicStrategy Inc. (with the code on the Canadian Securities Exchange: SPTZ) announced that it has received a $40 million investment commitment from Sonic Labs. The investment will be delivered and convertible debt instruments will be issued within 5 working days. This funding is planned to be used for expanding the team, promoting product development, and accelerating market expansion.
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The U.S. SEC and CFTC have issued a joint statement clarifying that registered exchanges in the U.S. are not prohibited from offering certain spot cryptocurrency transactions.

On September 3rd, the staff of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have just put forth a joint statement. It is clearly stated that exchanges registered with the SEC and CFTC are not banned from providing trading services for certain spot crypto asset products. SEC Chairman Paul Atkins remarked, "Market participants should have the freedom to decide where to trade spot crypto assets." CFTC Acting Chair Caroline Pham said, "During the previous administration, our agencies sent inconsistent signals regarding the regulation and compliance issues in the digital asset market. However, the message conveyed was very distinct: innovation was not welcomed. That era has come to an end." This move represents an important step for the "Crypto Project" and "Crypto Sprint" initiatives of the two agencies. The purpose is to coordinate regulation while expanding trading venue options and flexibility for U.S. market participants.

7 minutes ago

Ethereum Foundation to Sell 10,000 ETH to Support Development and Other Work

On September 3rd, the Ethereum Foundation announced in a blog post that in the coming few weeks, it will be converting 10,000 ETH by using a centralized exchange in order to continuously support its research, grants, and donation endeavors. This conversion will be carried out through multiple small transactions instead of a single large transaction.

7 minutes ago

Trump: If Tariff Decision is Unfavorable, Will Have to Return Trillions of Dollars

On September 3rd, US President Trump stated, "If the tariff appeal is rejected, I will have no choice but to withdraw the tariff. If the tariff ruling is unfavorable to us, we will be compelled to refund trillions of dollars. The tariff ruling lacks legal foundation. If the tariffs are cancelled, we may ultimately end up as a third-world country." (FX168)

7 minutes ago

Apple's AI Talent Continues to Decline as Head of Robotics Research Defects to Meta

On September 3rd, as per foreign media reports, the lead of Apple's (AAPL.O) AI robot research has resigned and joined Meta Platforms (META.O), which represents the latest instance of talent loss in AI at the company. Meta confirmed on Tuesday that Jian Zhang has joined its Robotics Lab. According to sources, three other AI researchers are also scheduled to leave Apple's internal large language model team. The recent wave of resignations that took place last week is said to have included John Peebles, Nan Du, and Zhao Men. These individuals all come from Apple's base model team, and around 10 members have resigned from this team in recent weeks, including the team lead. This team is a crucial force in developing Apple's AI platform, which was launched last year as a significant step for the company to keep up with the AI trend. (Jinse)

7 minutes ago

Bitcoin Deposit Trend Continues, with CEX Net Inflow of 2,178.12 BTC in the Last 24 Hours

On September 3rd, according to Coinglass data, within the past 24 hours, the total net inflow of BTC on CEX exchanges was 2,178.12 BTC. The top three exchanges in terms of inflow volume are as follows: · Binance with a net inflow of 1,370.04 BTC; · OKX with a net inflow of 731.08 BTC; · Bitfinex with a net inflow of 564.15 BTC. In addition, Coinbase Pro witnessed a net outflow of 348.74 BTC and ranked first in the outflow list.

7 minutes ago

Trump Responds to "Death Rumors": Didn't See It

September 3rd: Regarding the "death hoax" about him, US President Trump stated, "I didn't see it."

7 minutes ago