[Variant Chief Legal Officer: Currently, there is no stablecoin that complies with the 'GENIUS' rules, as the rules themselves have not been finalized] Odaily Planet Daily News: Variant Chief Legal Officer Jake Chervinsky posted on X stating that there is currently no so-called 'GENIUS-compliant' stablecoin. Much of the debate has focused on whether existing stablecoins comply with GENIUS, but in reality, the legislation itself does not provide specific rules for issuers to achieve compliance—it merely sets out an overarching framework, with the details needing to be filled in by regulatory agencies through rulemaking. Rulemaking is a massive undertaking, and until these rules are completed, it is impossible to determine whether a particular stablecoin is compliant. The process of rulemaking is no trivial matter, nor is it something that can be delayed—GENIUS will actually require 120 days after the rules are finalized to become effective law. The expected finalization date is July 18, 2026, which means the anticipated effective date for GENIUS is November 15, 2026. Until then, stablecoins will continue to operate under the regulatory approaches of the past one, five, or ten years.

[Nemo Attacked Due to Vulnerability in Unaudited New Feature, Losses Approx. $2.59 Million] The DeFi protocol Nemo on the Sui blockchain has released an incident report, disclosing that attackers exploited security vulnerabilities in the `flash_loan` and `get_sy_amount_in_for_exact_py_out` functions within the contract, resulting in a loss of approximately $2.59 million in assets. The root cause of the attack lies in the development team's deployment of new features without thorough auditing and failure to promptly address known risks. The attackers transferred the majority of the funds to Ethereum via a cross-chain bridge. Currently, Nemo has frozen the protocol's core functions and submitted a patch for emergency auditing, while also formulating a user compensation and asset recovery plan.

[Anchorage Withdraws 455,000 HYPE for a16z and Transfers to New Wallet] According to monitoring, Anchorage today withdrew 455,000 HYPE (approximately $25.3 million) from Bybit, of which 210,000 HYPE (approximately $11.7 million) were transferred to a newly created wallet suspected to belong to a16z. Currently, the a16z address holds a total of 1.638 million HYPE (approximately $91 million), which is considered one of the key driving forces behind the recent rise in HYPE prices.

OKX has announced the addition of LINEA (LINEA) to multiple services, including various trading services, officially launching on September 11, 2025, at 12:00 (UTC+8). Notes: - LINEA/USDT margin trading will open at 12:00 noon (UTC+8) on September 11, 2025. - Details regarding margin tier design can be viewed after the launch. - Information on Simple Earn and Flexible Loan services can be checked on the relevant pages after the launch.

[JPMorgan: Exclusion of Strategy from S&P Seen as a Blow to Bitcoin Treasury Model] JPMorgan analysts stated that the S&P 500 Index Committee's decision to exclude Strategy (formerly MicroStrategy) from its constituents, despite meeting technical criteria, is viewed as a blow to the Bitcoin treasury model. The committee remains cautious toward companies restructuring their balance sheets with large-scale Bitcoin holdings. Meanwhile, the Hong Kong Monetary Authority has released a consultation paper on crypto asset classification, and the U.S. SEC has launched Project Crypto. The global regulatory environment is trending toward greater detail and stratification, and investors should pay close attention to policy developments.