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More →U.S. securities regulators propose new rules to simplify crypto asset holdings for funds and advisers.
CoinWorld news: The U.S. Securities and Exchange Commission (SEC) has proposed new rules aimed at simplifying the process for investment advisers and regulated funds to hold cryptocurrencies on behalf of clients. This proposal would make it easier for more investment advisers and funds to hold crypto assets for their clients.
Porsche announces the end of its Web3 project and the Pionξers community activities.
Porsche has announced the end of its Web3 project and the Pionξers Circle community initiative, according to Wu Blockchain. The Porsche 911 NFT will continue to be held by its holders and remain on the blockchain, the Pionξers Discord server will be converted into a read-only archive to preserve the community's history and content, and the X account will no longer be actively updated.
保时捷将关闭Web3项目PORSCHΞ 911 NFT
According to Bijie News, Porsche has announced that it will shut down its Web3 project PORSCHΞ 911 NFT, which was launched in 2023. Holders can continue to keep the PORSCHΞ 911 NFT, while the pionΞers Discord will become read-only and the account will stop updating.
SlowMist issues security alert: AAVE V3 Loop Safe Module suffers an attack.
According to BiJie News, Wu Shuo has learned that SlowMist has issued a security alert: AAVE V3 Loop Safe Module has suffered an attack. The attacker exploited an access control vulnerability in Flashloopadapter's open()/close() functions, using forged Safe authentication and arbitrary module execution to steal approximately 114.09 ETH from two Safe multisig addresses, and repaid approximately 1300 WETH in debt to unlock collateral.
Bitget's affiliate program distributes 1.9 million USDT, covering over 763,000 users.
Bitget posted on X that the first batch of rewards from the Bitget affiliate program has been distributed, with $1.9 million in USDT paid out to over 763,000 users within 3 days.
Runway pushes Solaris to the operating system, and the computer interface begins generating in real time.
CoinWorld news: Runway is bringing Solaris to the operating system, showcasing its OS research project Project Continuum. The project extends Solaris's real-time generative interface to the entire set of computer interactions, allowing users to turn content directly into interactive 3D scenes while browsing the web. When an AI agent performs tasks, it can also simultaneously generate the corresponding visual interface, and the page changes in real time according to the current content and task, without the need to design each state in advance. Project Continuum is currently still a research prototype, and Runway has not yet announced when it will be opened to the public.
The SEC proposes allowing state trust companies to custody Bitcoin for investment advisers and funds.
CoinWorld news: The SEC proposes allowing state trust companies to serve investment advisers and funds. This move will provide investment advisers and funds with more Bitcoin custody options, further advancing the process of Bitcoin's regulatory compliance.
Illinois delays its first crypto tax until July 2027.
CoinWorld news: Illinois has agreed to delay the implementation of its first-in-the-nation crypto tax by six months to July 2027, following a legal challenge filed by the Digital Chamber of Commerce.
Firmus Grid Ltd.'s IPO was priced at A$11 per share, valuing the company at approximately A$43.7 billion.
According to Bloomberg, data center operator Firmus Grid Ltd. has set its IPO issue price at AUD 11 per share, implying a valuation of approximately AUD 43.7 billion (about USD 30.3 billion), below the previously expected maximum of AUD 50 billion. The company's bookbuilding will take place from October 6 to 9, and it is expected to list on the Australian Securities Exchange on October 23, potentially becoming one of Australia's largest IPOs. Firmus plans to use the proceeds to purchase GPUs and build its Indonesia Batam data center project in partnership with Dayone Data Centers and backed by Nvidia. Firmus started in 2019 with a Bitcoin mining business in Tasmania, Australia, and is now shifting toward AI data center infrastructure.
Nike earnings: profit beat masks sales decline
CoinWorld news: In its fiscal first-quarter earnings report, Nike's profit exceeded Wall Street expectations, reaching 48 cents per share, beating the 43-cent consensus, but revenue of $11.21 billion fell short of the $11.32 billion expectation, while net income still declined 2%. Nike said revenue fell 4%, mainly affected by Greater China and the Europe, Middle East, and Africa regions, with Greater China revenue dropping 22%. Analyst Zachary Warring expects the Jordan brand to stabilize in the coming quarters, but it is still facing operational issues at present. Nike plans to achieve about $2.5 billion in cost savings by fiscal year 2031, with layoffs set to begin in 2027.