Binance Coin Standard Contract WebSocket will undergo a system upgrade on September 26th, expected to last for 8 hours

Solana perpetual contract trading platform Flash Trade has announced that if a suitable acquirer cannot be found, the agreement will gradually cease operation. Flash Trade is seeking to sell its technology stack, brand, and intellectual property, and the proceeds from the sale will be distributed proportionally to FAF token holders. Flash Trade has lifted the three-month delayed unlocking restriction on token staking. Holders can immediately release the staking, and the withdrawal function remains open. The team will hold an AMA on August 11th at 08:00.

According to Reuters, the pro AI super political action committee Leading the Future has raised $140 million for the 2026 US election, with funding from OpenAI, Palantir executives, and venture capital firm Andreessen Horowitz, approaching the $200 million invested in the cryptocurrency industry in the previous election. AI lobbying is facing competition from the leading camp led by Anthropic. Anthropic has donated $20 million each to the lobbying organization Public First Action twice, and the organization, together with affiliated groups, has invested approximately $80 million to mitigate major risks associated with artificial intelligence.

The OKX executive says Democrats have little incentive to hand Republicans a crypto victory before the midterms.

The US Commodity Futures Trading Commission (CFTC) has issued a warning to the prediction market regarding the risk of American odds.

The State Administration of Taxation of China stated that Chinese tax residents are required to fulfill their tax obligations on global income in accordance with the law, and overseas insurance income falls within the scope of taxable income. This policy is not new, nor is it specifically targeted at the Hong Kong insurance market. The relevant rules treat foreign income from different countries and regions equally. According to Caixin, with the normalization of CRS information exchange, Chinese tax authorities have been able to obtain dividend and cash value data of overseas policies, and the payment of insurance benefits for overseas income taxation has been initiated.