Odaily News: Metaplanet CEO Simon Gerovich published a letter to shareholders stating that the board of directors has decided to adjust the Series 10 stock subscription rights. This adjustment cancels 41% of the related shares, resets the conversion ratio to 1:410, which is the level prior to the September 2025 international offering, and writes off over $220 million in warrant value.

With the cancellation of the warrants, the company's fully diluted share count decreases accordingly, and the fully diluted Bitcoin holdings per share increase by approximately 8.8%.

Under the new terms, unvested warrants will become exercisable in tranches in 2029, 2030, and 2031. The originally planned 20% employee incentive pool warrants will no longer be transferred and will be cancelled as well. The company stated that it will work with global compensation consultants to design a new incentive plan to attract new employees.

Odaily News: Bitcoin News posted on X platform that after the CFTC approved Kalshi's Bitcoin perpetual contracts as futures products, uncertainty remains over how traders should report gains to the IRS. If the product is recognized as a regulated futures contract under Section 1256 of the U.S. tax code, the related gains are typically treated as 60% long-term capital gains and 40% short-term capital gains, regardless of the holding period. CME believes that Kalshi's perpetual contracts are actually swaps, and swaps are explicitly outside the scope of Section 1256. The CFTC's classification supports the view that they are futures products, but it is not binding on the IRS. Until the IRS, U.S. Congress, or courts directly address Bitcoin perpetual contracts, their tax treatment remains undetermined.

Odaily reports that Metaplanet has announced it will establish a wholly-owned subsidiary in Hong Kong, Metaplanet Asset Management Asia Limited, with an initial capital contribution of $1 million, expected to be incorporated in September 2026. The subsidiary will operate in coordination with Metaplanet Asset Management Inc., previously established in Miami, USA, and will be responsible for executing asset buy and sell trades during Asian time zones, as well as risk management operations including position and market dynamics monitoring. It will primarily invest in Bitcoin, Bitcoin-related equities, and credit instruments such as preferred securities issued by Bitcoin treasury companies.

Odaily reports: AI company Zhipu has launched approximately $2 billion in Hong Kong stock placement and approximately $3 billion in convertible bond issuance, with a total fundraising scale of approximately $5 billion.

Among this, Zhipu will issue 21.97 million new shares at a placement price of HK$714 per share, representing a discount of approximately 10% compared to the closing price of HK$793 on September 11; simultaneously, it will issue RMB 20.14 billion (approximately $3 billion) in zero-coupon convertible bonds, maturing in September 2027. The convertible bonds are issued at 100% to 100.5% of face value, corresponding to a yield of -0.5% to 0%, with an initial conversion price of HK$892.5, representing a 25% premium over the placement price.

Zhipu stated that the proceeds from the fundraising will primarily be used for research and development, computing power resources, and related infrastructure, as well as for business expansion, strategic investments, potential mergers and acquisitions, working capital, and other corporate purposes. The share placement and convertible bond issuance are being conducted simultaneously, but the completion of the two transactions is not conditional upon each other. (Reuters)

According to monitoring by PPP prediction market tool, before the CPI release, the probability of "Fed raising rates by 25 basis points in September" on Polymarket rose to 61%, up 8% in 24 hours; the probability of keeping rates unchanged fell to 40%, down 8% in 24 hours.

The U.S. Department of Labor will release August CPI data at 8:30 PM Beijing time tonight. The market expects headline CPI to rise 0.4% month-over-month and 3.4% year-over-year; core CPI is expected to rise 0.2% month-over-month and 2.4% year-over-year. This data will serve as an important reference for whether the Fed will raise rates next week for the first time in more than three years. The Fed's last rate hike was on July 26, 2023, when it raised rates by 25 basis points, bringing the federal funds rate target range to 5.25%–5.50%.

Join the PPP signal push community to stay one step ahead and seize the opportunity.

Odaily reports that AI physical operations platform Motive has announced the completion of a $1.3 billion funding round, with General Catalyst participating through its Customer Value Fund. Specific valuation details have not yet been disclosed. Additionally, the company disclosed that it has withdrawn its previously filed S-1 registration statement, formally abandoning its plans to list on the NYSE. It is reported that Motive had previously planned to list under the ticker symbol "MTVE" and had arranged JPMorgan, Citi, Barclays, and Jefferies as underwriters. The company completed a $150 million funding round led by Kleiner Perkins in July 2025, and its cumulative funding now exceeds $700 million.

Odaily News: US Senator Warren is pressuring the National Association of Insurance Commissioners (NAIC), demanding an explanation of how it regulates Wall Street firms' influence over insurance companies and their bets on private credit. Unlike banking, the US insurance industry is primarily regulated by state insurance commissioners.

The NAIC brings together all state regulators and serves as the standard-setting body for the industry. Critics of this fragmented model say it creates an imbalance between regulators and insurance companies. One concern is that companies will choose the most lenient jurisdiction.

Another concern is that officials may be inclined to relax rules to attract business and tax revenue to their states. This does not mean federal authorities have completely withdrawn from regulation. Earlier this year, US Treasury Secretary Bessent met with the NAIC to discuss the industry's exposure to private credit.

Odaily News: According to on-chain analyst Yu Jin's monitoring, Unipcs (2heJ...LDogF) spent $300,000 worth of SOL and USDC half an hour ago to buy 27.9 million EMBER at a market cap of $11 million, and then published related content. Afterward, EMBER's market cap rose from $11 million to $30 million.

Odaily reports, according to GMGN data, the market cap of Solana ecosystem Meme coin EMBER has broken $40 million, hitting a new high, currently at $38.17 million, with a 24H gain of over 690%.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily reports that Bitcoin News posted on X platform stating that Paris-listed Bitcoin treasury company Capital B, formerly known as The Blockchain Group, currently ranks ninth on Euronext by trading volume-to-market cap ratio. After purchasing 376 BTC for approximately €25.3 million on September 7, Capital B's holdings increased to 3,521 BTC, with a combined cost basis of approximately €309 million. Its ticker symbol is ALCPB, trading on Euronext Growth Paris. Capital B stated that following its listing on Cboe Europe on August 5, the company's overall trading volume approximately doubled.

1. Robinhood Chain revenue falls below $1 million for two consecutive days;

2. Analyst: CPI strength or weakness may determine whether action is taken next week, leaving the Fed in a dilemma;

3. ChangXin Memory Technologies' Q2 EBIT margin reaches 82%, surpassing Samsung and SK Hynix;

4. XXAntiWar returns for its third battle, with three trades worth approximately $11.557 million, shorting ZEC for a $660,000 profit;

5. Tonight at 20:30, a key CPI test arrives ahead of the Fed's interest rate decision;

6. Moonshot AI plans to reach $2 billion in annual sales by 2026;

7. Hyperliquid's protocol revenue grows 83.3% to $59.84 million over the past 30 days, with an additional 775,400 HYPE burned;

8. Niu Lai's market cap briefly breaks $150 million, up nearly 100% in 24H;

9. RealGo completes $6 million strategic funding round with participation from UZ Capital, GW Global, and Infiniteall AI;

10. Surpassing Block in market cap, Strategy becomes the 217th largest listed company in the United States.

Odaily News: Jump Crypto's Firedancer team has announced that it will discontinue support for the transitional validator client Frankendancer after Alpenglow is activated on the Solana mainnet, with the upgrade expected to go live with v4.3 in October. The team cited maintenance and security burdens as the reason for ending support, stating that resources will subsequently be focused on the full Firedancer client.

Odaily News: SKHX is trading at $1,359.6, while SKHY is trading at $190.05, with SKHY carrying a premium of approximately 39.8% over SKHX. The spread has widened back from 33.9% to about 40% within a week. Six addresses simultaneously established paired positions over the past two days, going long SKHX and short SKHY, accumulating approximately $24.439M in SKHX long positions and approximately $24.876M in SKHY short positions, with combined notional volume of about $49.315M across both legs. 0x382d built approximately $8.225M in SKHX long positions and approximately $8.407M in SKHY short positions; 0x2ab3 built approximately $7.865M in SKHX long positions and approximately $7.862M in SKHY short positions; the remaining four addresses each held positions ranging from approximately $1.5M to $3.2M per pair. The six addresses currently still hold approximately $22.184M in SKHX long positions and approximately $22.845M in SKHY short positions. Total unrealized profit on the SKHY short positions is approximately $481K, while unrealized loss on the SKHX long positions is approximately $581K, bringing the combined unrealized loss across both legs to approximately $100K. Since establishing positions, the six addresses have paid a net total of approximately $52.4K in funding fees, with approximately $21.9K spent in the last 24 hours. As of 19:09, the dynamic funding rate for SKHX has turned negative. Based on current positions and funding rates, the portfolio is estimated to net approximately $4,890 per hour in funding fees.

Odaily News: UK bank Standard Chartered has initiated coverage on Sky's SKY token, setting an end-of-2028 target price of $0.325, representing a fivefold increase from the $0.065 cited in the report. The bank expects that as USDS adoption and lending capacity expand, the value Sky passes on to token holders by 2028 will reach more than five times the current level.

Geoff Kendrick, Standard Chartered's Global Head of Digital Asset Research, said Sky, formerly known as MakerDAO, is a decentralized finance (DeFi) platform that can issue stablecoins, establish governance frameworks, and charge wholesale rates to borrowers, making it similar to a "federal bank." Sky primarily returns value to SKY holders through staking rewards, with token buybacks accounting for a smaller proportion.

Sky is the world's third-largest stablecoin issuer, behind only Tether and Circle, and also the largest issuer of yield-bearing stablecoins. Standard Chartered expects SKY to roughly track Ether's performance and outperform Bitcoin through 2028; the bank projects Ether and Bitcoin prices to reach $18,000 and $300,000 respectively over the same period. DeFiLlama data shows that Sky's yield-bearing sUSDS token has a total value locked of $4.5 billion, with an annualized yield of 3.6%. (Cointelegraph)

Odaily reports: Zach Pandl, Head of Research at Grayscale, posted on X that the US CLARITY Act will undergo a procedural vote in the Senate on September 15, requiring 60 votes to pass; Republicans currently hold 53 seats, meaning Democratic support is needed. Prediction markets indicate a low probability of the bill passing in 2026; if the vote fails, it will narrow the path to passing the bill this year, though lawmakers could revisit it during the post-election lame-duck session or in a future Congress. Pandl noted that even without the CLARITY Act, the US regulatory framework is gradually becoming clearer in areas such as stablecoins, token issuance, tokenized securities, and perpetual contracts; CLARITY remains important because only Congress can comprehensively and durably delineate the jurisdictions of the SEC and CFTC, but failure to pass it in 2026 will not halt regulatory progress.

Odaily reports that HyperliquidNews stated on X that in the next network upgrade, HIP-3 deployers will be able to configure funding rate caps.