Odaily News: SoftBank Group has secured a $11.87 billion loan to support its investment in U.S. artificial intelligence company OpenAI, exceeding its previous target of $10 billion. People familiar with the matter said the Japanese conglomerate finalized the two-year financing last week, attracting commitments from about 20 banks. The latest borrowing will further add to SoftBank's recent debt financing activities tied to its OpenAI bets, including a $10 billion margin loan backed by its OpenAI stake and a potential bond issuance of up to $20 billion, despite concerns over rising credit risks in the AI industry.
SoftBank said last week that it would repay the remaining $40 billion loan obtained earlier this year to fund its OpenAI investment. According to a statement, the company plans to repay the $25.9 billion owed on September 15. The unsecured borrowing was originally due in March next year. Meanwhile, SoftBank will meet with investors in New York this week to gauge interest in a potential U.S. dollar junk bond issuance. People familiar with the matter said last month that the company is considering raising $10 billion to $20 billion through a bond issuance. (Jinshi)
Odaily News: HIP-3 market deployer Entropy has launched the Anthropic Pre-IPO market on Hyperliquid. ANTH is up 0.76% over the past 24 hours, currently trading at $2,139, with 24-hour trading volume of $9.18 million and open contract positions reaching $28.95 million.
Odaily reports that Anthropic, OpenAI, and Google have been holding working group discussions since July on establishing their own AI safety standards bodies. (Cointelegraph)
Odaily reports: Elvira Nabiullina, Governor of the Bank of Russia, stated that the digital ruble went live nationwide on September 1, with nearly 87,000 new accounts added over the past 10 days and over 50,000 related transactions completed.
She noted that a small number of banks experienced technical issues when opening accounts and executing certain transactions. The banks involved have since resolved the problems, with no widespread outages or large volume of complaints reported. The Bank of Russia is working to reduce the number of steps required for account opening and transactions while maintaining security standards.
The digital ruble completed its nationwide rollout following real-user testing that began in 2023, and users can choose whether to use it at their own discretion. Starting September 1, 12 major Russian banks and retailers with annual revenue exceeding 120 million rubles (approximately $1.42 million) are required to accept digital ruble payments, with more businesses to be gradually onboarded by 2028. (Bitcoin.com News)
1. Sources: Anthropic chooses Nasdaq for IPO;
2. Bonk Guy: Arc is actively courting Meme traders, possibly borrowing from Robinhood Chain's ecosystem cold-start playbook;
3. Chuck Schumer convenes Senate Democratic caucus to discuss the CLARITY Act;
4. "White-Haired Stock God" Serenity: The probability of OpenAI and Anthropic slowing down frontier AI development is essentially zero;
5. Anthropic reaches a $13.7 billion compute deal with Trump-linked Rum Group;
6. ETF Store President: The future of the crypto industry does not depend on the CLARITY Act, which mainly serves as an accelerant;
7. CICC: From the perspective of safeguarding the Fed's credibility, the Fed would best raise rates in September;
8. Currently sitting on over $5 million in unrealized gains, Loracle reduces 3x leveraged CASHCAT and PONS short positions;
9. Pons trading volume tops $12 billion, yet PONS market cap nearly halves.
Odaily reports, according to market data, Hong Kong stocks opened lower, with the Hang Seng Index down 0.42% and the Tech Index down 0.69%. The AI sector mostly declined, with MINIMAX-W (00100.HK) and Zhipu (02513.HK) falling over 5%, while Alibaba (09988.HK) dropped nearly 2%.
Odaily News: Swift is currently advancing the application of blockchain technology in international interbank remittance services. It has launched a pilot with 17 banks worldwide, including Citigroup and Mitsubishi UFJ Bank, attempting to use tokenized deposits to enable 24/7 instant cross-border remittances. The initiative will verify the effectiveness of reducing remittance times and lowering fees, and further promote the adoption of tokenized deposits.
Odaily: South Korea's National Assembly online petition system shows that a petition calling for a two-year delay in the implementation of the cryptocurrency tax has received 50,764 signatures, reaching the threshold for referral to the relevant standing committee for review. The South Korean government advocates full implementation of the tax starting January 2027, while the ruling People Power Party opposes it on the grounds that the relevant infrastructure is not yet fully in place.
Odaily: Anthropic has reached a $13.7 billion compute deal with Rum Group, which is linked to Trump. (The Information)
Odaily Planet Daily News: Robinhood Chain ecosystem launchpad Pons announced on X that its cumulative trading volume has surpassed $12 billion since launching two months ago.
Additionally, according to GMGN data, PONS currently has a market cap of $356 million, down approximately 48.4% from its previous all-time high of around $690 million.
Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.
Odaily News: According to the latest data from Gate, the price of gold fell to $4,338.64 per ounce, with a daily decline of 0.05%. The price of silver fell to $63.982 per ounce, with a daily change of 0%.
In the forex market, the US dollar rose 0.04% against the offshore Chinese yuan (USD/CNH) on the day, with the current exchange rate at 6.70914. The US dollar rose 0.09% against the Japanese yen (USD/JPY) on the day, with the current exchange rate at 153.647.
In global stock indices, the Euro Stoxx 50 index (EUSTX50) rose 0.49% on the day, reaching 6,320.32 points; the UK FTSE 100 index (UK100) rose 0.16% on the day, reaching 10,653.4 points; the German DAX 40 index (GER40) rose 0.05% on the day, reaching 25,495.2 points.
In commodities, WTI crude oil rose 1.21% on the day, reaching $103.17 per barrel. Brent crude oil rose 0.33% on the day, reaching $108.79 per barrel.
Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFDs), major indices, and commodities, achieving deep integration of crypto assets and traditional financial assets. Gate TradFi-related features have been fully integrated into the Gate App and Web platforms, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market, and continuously enhancing the diversified asset allocation experience.
Odaily reports: "White-Haired Stock Guru" Serenity posted on X platform, stating that in their view, the probability of Anthropic and OpenAI genuinely slowing down frontier AI development is "essentially zero," and that some regulatory measures pushed by leading AI companies are more likely aimed at raising competitive barriers to restrict the development of competitors.
They stated that OpenAI and Anthropic will not voluntarily cede their lead to competitors like Gemini, xAI, and Meta, and that given all countries are continuously advancing AI technology development, it would be very difficult for the United States to meaningfully slow down frontier AI R&D. Currently, all parties are still competing for scarce resources such as storage and AI chips. They believe that demand for AI-related infrastructure will remain strong, and rebutted the view that AI-related stocks such as Nvidia (NVDA), TSMC (TSM), and Micron (MU) will experience significant declines as a result.
Previously, Anthropic CEO Dario Amodei published a long article stating that the AI industry must slow down the pace of improving model capabilities, but this does not mean stopping model training or technological progress — rather, it means ensuring companies have enough time for model alignment and safety safeguards. OpenAI founder Sam Altman expressed agreement, saying "we need to control the progress of frontier models," and stated that OpenAI will also consider giving independent evaluators access similar to that of employees.
Odaily News: A CICC research report states that from the perspective of safeguarding the Fed's credibility, it would be best to hike rates in September, and this is the key factor determining whether rates should be raised or not. In July, Warsh's "deliberate ambiguity" at the FOMC plunged market expectations into confusion, and the U.S. Treasury term premium rose from 0.65% at the end of July to 0.9% in mid-August, forcing Warsh to make a hawkish commitment at the Jackson Hole conference. If the data weaken, the Fed probably still has room to maneuver, but as nonfarm payrolls and inflation successively exceeded expectations, the Fed has been gradually backed into a corner. Although these short-term indicators all have limitations, before the FOMC there is little choice but to rely on these data. Imagine, if this meeting still "forces a hold," how would the market view the previous hawkish statements? It would probably only create a more serious crisis of confidence and runaway U.S. Treasury yields. (Jinshi)
Odaily News: According to Bitwise Research, 67% of wealth management institutions have not yet allocated crypto to investor portfolios.
Odaily reports: Bonk Guy posted on X platform stating that over the past few weeks, multiple developers associated with the Arc ecosystem have proactively reached out to him, hoping to attract Meme coin traders during the network's early launch phase. He believes that the Arc team has recognized that Meme coin trading is one of the ways for a new chain to rapidly boost on-chain activity, and may be borrowing Robinhood Chain's previous ecosystem cold-start playbook.
BonkGuy stated that he had not previously paid much attention to Arc, but has recently begun making short-term positioning moves, having already purchased LONG, the native token of Arc's main Launchpad, as well as the top three Meme coins by market cap on that platform. However, he emphasized that his positioning in Arc is merely a short-term high-risk attempt and has not changed his long-term view that on-chain trading activity on Robinhood Chain, BNB Chain, and Solana is more promising.
Previous reports indicate that the Arc mainnet will launch on September 16.
Odaily reports, according to Loracle monitoring, over the past 2 hours, trader Loracle has been continuously reducing 3x leveraged CASHCAT and PONS short positions. The current total value of held positions is approximately $20.74 million, with unrealized profit exceeding $5 million, having previously suffered a loss of $6.3 million at one point. Among these, the CASHCAT short position is approximately $5.74 million, with an average entry price of $0.207, and unrealized profit of approximately $1.712 million; the PONS short position is approximately $15 million, with an average entry price of $0.665, and unrealized profit of approximately $3.298 million.
