Hyperliquid and Douro Labs send letter to SEC supporting repeal of Rule 611

[U.S. Treasury Seeks Public Comments on GENIUS Act Stablecoin Implementation Rules] On August 17, the U.S. Treasury issued a notice of proposed rulemaking for the implementation details of the GENIUS Act and sought public comments on the regulatory framework for payment stablecoins in the United States. The draft specifies the applicable standards for issuing payment stablecoins in the U.S. and providing or selling payment stablecoins to individuals within the U.S. Starting January 18, 2027, issuing payment stablecoins in the U.S. will generally require federal or state-level licensing; starting July 18, 2028, digital asset service providers will generally be prohibited from providing or selling payment stablecoins issued by unlicensed issuers to individuals within the U.S. The public comment period will last for 60 days following publication in the Federal Register.

Brooke Ybarra from the American Bankers Association stated that all parties have reached a principled consensus on the issue of stablecoin returns, but there are ambiguities in the legislative text of the CLARITY Act. The organization is advocating for a series of revisions to reduce ambiguity and maintain consensus. （CoinDesk）

At the opening of the US stock market, the Dow Jones Industrial Average fell 126 points, the Nasdaq rose 66 points, and the S&P 500 index rose 0.04%.

JPMorgan notified Polymarket to suspend cooperation in October 2025 due to regulatory concerns, and Polymarket subsequently transferred its banking business to other institutions. In February of this year, JPMorgan invited Polymarket CEO Shayne Coplan to give a speech at a private banking conference in Miami, expressing JPMorgan's intention to secure an underwriting role for Polymarket's future IPO. Polymarket emphasizes its close and active relationship with JPMorgan Chase in the substantive handling of multiple entities, operational integration, and customer cash flows.

According to TechCrunch, AI voice tool Wispr has raised $280 million in Series B funding, with a post investment valuation of $2 billion. It is led by Menlo Ventures, with support from existing shareholders such as Notable Capital, NEA, Neo Ventures, 8VC, and MVP Ventures. New institutions such as Acrew, Forerunner, Goodwater, Peak XV, Together Fund, and PLUS Capital have also joined in. The company has raised a total of 361 million US dollars in financing, which will be used to expand products such as voice transcription and meeting minutes, and launch a new voice model Canto, reducing error rates from about 30% to less than 10%. At the same time, it will increase its layout in markets such as India and the UK, as well as hardware cooperation.