Brian Armstrong says companies need to develop stablecoin strategies

Binance announced that the asset management scale of bStocks has exceeded $888 million and supports 95 stock tokens as collateral. Starting from September 21st, the collateral and leverage trading functions of bStocks will be open to regular, VIP 1, and VIP 2 accounts. The above-mentioned users must pass the suitability assessment questionnaire and accept additional risk control measures.

BBX News: Yesterday, the global public market delivered two highly strategic breakthroughs in the expansion of Bitcoin treasury and defensive restructuring of financial engineering. The market has bid farewell to the disorderly one-way leverage, and top treasury companies are relying on highly mature open market financial instruments to establish a deeper moat between spot monopoly and capital security: ——Spot surge: Strike (NASDAQ: $ASST) swept 3311 BTC in a single week with $208 million in cash from warrant exercises, surpassing a milestone of 32773 in total holdings. ——Debt optimization: Metaplanet (TSE: 3350) plans to issue 52 billion yen (approximately 328 million US dollars) of zero coupon convertible bonds to promote buybacks and fully release pledged BTC to enhance liquidity. The market presents a clear dual trend of "top listed treasury relying on stock derivative exercise funds to achieve zero interest burden through spot high-speed fundraising" and "cross-border concept stocks replacing collateralized debt by issuing long-term zero interest bonds to eliminate holding liquidation risks and strengthen portfolio flexibility". Source: bbx.com

The Democratic Party's victory rate in gaining control of the US Senate has risen to over 60% in Kalshi. The party has previously vetoed the CLARITY Act and opposed BITCOIN's strategic reserves and cryptocurrency industry. （The Bitcoin Historian）

Address 0x8c58... Cleared the remaining 9996 ETH worth 25 million US dollars. The giant whale has purchased a total of 52001 ETH at a cost of 112.4 million US dollars, with an average purchase price of 2162 US dollars and an average selling price of 2632 US dollars, making a total profit of 24.48 million US dollars. （Lookonchain）

Former BitMEX investor Lewis Barber has filed a lawsuit in the UK High Court seeking £ 20 million in damages, accusing BitMEX of providing cryptocurrency derivatives to UK investors without authorization from the UK Financial Conduct Authority. Lewis Barber claims to have lost approximately £ 20 million worth of Bitcoin from trading BitMEX derivatives between 2018 and 2022, and now demands the return of the relevant Bitcoin or equivalent compensation. (Source: The Guardian)