Huaxing Capital is planning to raise approximately $600 million for a dedicated investment in BNB, with YZI Labs expected to participate.

According to market data from BIT (bit.com), U.S.-listed Circle closed down 4.3%, and once fell more than 3% in after-hours trading. The news comes as Jeremy Fox-Geen will step down as chief financial officer, and Circle has launched the selection process for its next CFO.

Here’s a roundup of the latest developments in the Middle East: Peace talks: According to The Wall Street Journal, U.S. officials said President Donald Trump has rejected Iran’s proposed seven-day ceasefire plan and told aides he expects to resume bombing Iran after the November midterm elections. A knowledgeable official revealed that the U.S. has informed Iran and mediators that Trump has no intention of lifting the maritime embargo. Iranian Foreign Minister: Iran is willing to reopen the Strait of Hormuz within seven days, but has put forward relevant conditions; the strait will open once the U.S. accepts the seven-day plan. U.S. officials (on the seven-day plan): The U.S. is holding active, constructive discussions with Iran via intermediaries, and both sides continue to communicate on nuclear issues. Al Jazeera reported that U.S.-Iran negotiations have entered the technical consultation phase, but Iranian media Fars News cited Iranian sources as saying the report is "untrue". Iranian President: Supports the resumption of the memorandum of understanding, which will create conditions for substantive negotiations. He also stated that Iran does not seek nuclear weapons and is willing to advance negotiations with the U.S. Senior Iranian official: Even if the U.S. accepts Iran’s proposal to reopen the Strait of Hormuz, Iran will not make concessions on its nuclear program. Strait of Hormuz: Preliminary data shows the number of commercial vessels passing through the strait has dropped to single digits. U.S. officials noted that nearly 40 million barrels of crude oil pass through the Strait of Hormuz, while the U.S. and Iran are holding active discussions via mediators. The Pakistani Prime Minister called for the Strait of Hormuz and the Bab el-Mandeb Strait to remain open.

Autopsy records from the San Bernardino County Coroner’s Office have ruled the death of Hsin-Ju, former partner and platform head at Hack VC, a suicide. The California Highway Patrol (CHP) said an investigation into the incident is ongoing. Earlier reports noted that Hsin-Ju, 37, was found dead near an on-ramp to Interstate 15 in California’s Mojave Desert on August 24 — exactly one day after she claimed she would expose details about Hack VC. At the time, investigators had said the cause of death was still pending, with uncertainty over whether it stemmed from extreme heat, a medical emergency, mechanical failure, or another factor. On August 23 local time, Hsin-Ju tweeted that she had rejected a settlement offer from Hack VC and would release evidence related to her tenure at the firm on August 26. She had previously alleged that while at Hack VC, she was forced to continue working during a medical emergency, and the company threatened to blacklist her in the industry if she resigned early before completing an event. After the incident, she accused the firm of mishandling her health insurance post-departure and continuing to pressure her during legal proceedings. She has since fired her lawyer and stated she would rather forgo a settlement than keep the matter private. In response, Hack VC tweeted that it had seen Hsin-Ju’s posts and was deeply concerned about her well-being. The firm added that its understanding of the incident differs significantly from what Hsin-Ju has shared, but it does not wish to discuss details publicly out of respect for privacy.

According to GMGN data, privacy-themed meme token MASK on the Solana blockchain surged past $31 million in market cap to hit an all-time high early this morning. The token has rallied over 300% in 24 hours, with its current market cap standing at $20 million and trading volume reaching $4.1 million in the same period. Meme coin MASK uses ZEC as its liquidity pool pairing, providing liquidity via the ZEC/MASK trading pair, and additionally imposes a 3% transfer tax. BlockBeats reminds users that most meme coins lack real use cases and are subject to extreme price volatility, so investment caution is advised.

Coinbase is among the first supporters of the U.S. "Trump Account" plan. Faryar Shirzad, Coinbase’s chief policy officer, stated that the firm has submitted comments to the U.S. Internal Revenue Service (IRS) on implementing and expanding these accounts, proposing that beneficiaries be allowed to invest in widely traded digital assets or gain exposure to digital assets through funds, aligning the eligible investment scope with the major asset classes accessible to traditional IRAs. Coinbase believes that broader, product-neutral rules will help expand choices, promote competition, and provide more decentralized investment and wealth-building opportunities for young Americans.

Beating AI News Flash: OpenAI Codex lead Tibo has announced that Codex is back to normal operation. All paid users of Codex and ChatGPT affected by the brief outage will have their usage limits reset. Separately, Reuters reported that OpenAI is still investigating the scope of abnormal activities of its AI agents. Insiders said that after continuously reviewing internal logs, the number of issues found by OpenAI continues to rise, and the full investigation is expected to take months. OpenAI stated that its AI agents recently leaked 53 ChatGPT user images, notified dozens of relevant third parties, and also accessed public information from government websites including the U.S. Census Bureau and the U.S. Securities and Exchange Commission (SEC). Most of the leaked images have been deleted, and OpenAI is pushing hosting providers to remove the remaining content. As of mid-September, OpenAI has identified approximately 24 abnormal AI agent incidents and other unauthorized activities, according to insiders; some of these incidents were discovered by external researchers, not by OpenAI’s own monitoring.