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The head of research at digital asset management company Grayscale, Zach Pandl, stated in an analysis that even if Congress fails to pass the CLARITY Act this year, U.S. crypto regulation can still advance in areas such as stablecoins, token issuance, tokenized securities, and perpetual futures.U.S. President Donald Trump signed the GENIUS Act on July 18, 2025, establishing a regulatory framework for the issuance of payment stablecoins. The act requires issuers to provide sufficient reserves and publicly disclose the composition of reserves monthly, prohibiting misleading claims that tokens are federally insured, backed by the U.S. government, or considered legal tender. The U.S. Securities and Exchange Commission (SEC) proposed Regulation Crypto Assets, which aims to allow eligible projects to raise no more than $5 million over four years, or no more than $75 million every 12 months. Relevant exemptions and investment contract safe harbors are still in the proposal stage, with the public comment submission deadline set for October 20.The recent procedural milestone for the CLARITY Act was the termination debate vote on the motion to advance held on September 15, which requires 60 votes to pass and is not the final vote. Grayscale stated that the act would still help clarify the division of regulatory authority between the SEC and the Commodity Futures Trading Commission (CFTC), but its failure to pass would not halt the regulatory measures already in progress.

According to a report by CNBC citing the latest financial disclosure documents, Kevin Hassett, the Director of the National Economic Council (NEC) at the White House, holds between $1 million and $5 million in Coinbase stock as of the end of 2025. Previously, Hassett served as an advisor to Coinbase from 2021 until January 2025, before joining the White House. Since the disclosure documents only cover holdings up to the end of 2025, it cannot be confirmed whether he still holds these shares.This investment has raised concerns because the NEC plays an important role in the cryptocurrency agenda of the Trump administration. Three days after Trump returned to the White House, a digital asset market working group was established within the NEC, responsible for developing regulatory, banking, stablecoin, and tax proposals for cryptocurrencies. Hassett stated that he has avoided cryptocurrency-related matters after consulting with government ethics officials, and the White House claimed he "has always and continues to fully comply with all ethical requirements." However, former SEC ethics lawyer Kantor pointed out that this holding constitutes a "significant conflict of interest" or at least presents the appearance of a conflict. Coinbase spent millions of dollars in the 2024 U.S. elections, and its CEO maintains direct contact with Trump and senior officials.

According to official sources, consumer crypto product RealGo has announced the completion of a new $6 million strategic financing round, backed by UZ Capital, Greenwood Global Capital, and Infinite Alliance. The newly raised capital will be allocated toward core product development, global talent acquisition, and ongoing AI research and implementation, aiming to reinforce its Meme ecosystem applications and on-chain value framework as RealGo scales into a globally influential Meme 3.0 infrastructure and Meme AI powerhouse. RealGo is a consumer-facing Web3 ecosystem integrating AR, AI, LBS, social experiences, and on-chain asset infrastructure. The platform transforms Meme IPs into interactive and ownable digital assets that can be discovered, collected, connected, utilized, and traded across digital and real-world experiences.

According to a report by ZDNet Korea on the 9th, Samsung Electro-Mechanics and LG Innotek are advancing into the Intel EMIB-T packaging substrate supply chain, with related product development and testing already underway. EMIB connects chips with small silicon bridges, which Intel previously used mainly for its own chips; the improved EMIB-T is expanding external sales. The next-generation AI accelerator TPU that Google plans to launch in the second half of next year will be the first to use EMIB-T. EMIB-T inserts silicon vias for power transmission within the silicon bridge.Insiders say that Samsung Electro-Mechanics has developed EMIB substrate samples over the years and is currently advancing EMIB-T supply based on the 2.1D packaging substrate concept. Recently, LG Innotek delivered EMIB-T packaging substrates to SK Hynix for sample testing, and both parties are installing HBM on the substrate to evaluate product characteristics.Currently, EMIB-T packaging substrates are supplied by Japan's Ibiden, Shinkawa Electric, Taiwan's Xinxing Electronics, and Austria's AT&S. Ibiden has decided to utilize idle factories to construct a dedicated production line for Intel's EMIB-T substrates, with an investment scale of about 20 trillion Korean won, and it is reported that they have already received advance payments from Google, Amazon, Intel, and others.

SoftBank Group announced that it will fully repay the outstanding balance of $25.9 billion under the bridge loan agreement on September 15, which was primarily used for subsequent investments in OpenAI.

ASML stated that it plans to collaborate with its major customers to develop new solutions capable of producing advanced chip manufacturing equipment to meet the demand for large data center chips designed by companies like NVIDIA.Currently, the extreme ultraviolet (EUV) lithography machines produced by ASML, which are widely used, can manufacture chips with a maximum area of about 800 square millimeters. The next-generation "high numerical aperture" EUV lithography machine that ASML is about to launch will be able to produce finer chips. However, due to its use of smaller mask sizes, it is currently limited in the area of chips it can manufacture.ASML plans to showcase a pilot production line using larger mask sizes by 2031 and aims to enable this new technology for mass production by 2033.

Xiaopeng Robotics production line officially launched today. The world's first advanced general-purpose humanoid robot completed automated assembly and autonomously walked off the production line, marking a key leap for Xiaopeng Robotics from research and development to production manufacturing.This production line is independently designed and developed by Xiaopeng, deeply integrating the mature quality systems of the automotive industry with the precision manufacturing of humanoid robots, achieving an automation rate of over 80% in core processes. The Xiaopeng robot has 76 degrees of freedom and is equipped with three Turing AI chips, with an effective computing power of 2250 TOPS.The Xiaopeng robot will officially enter large-scale production by the end of this year and will be launched and delivered in 2027.

According to official news, Gate will launch the "Flash Exchange Advanced Season" event from September 7 at 18:00 to September 14 at 18:00 (UTC+8). During the event, users who complete at least 100 USDT of valid flash exchange transactions daily and check in for 3 days or more will be able to share a prize pool of 20,000 USDT based on the number of accumulated check-in days; if the cumulative valid flash exchange transaction volume reaches 3,000 USDT, they can also participate in the transaction volume ranking to share another prize pool of 20,000 USDT. Among them, the user ranked first with a transaction volume of 150,000 USDT can receive a maximum reward of 1,000 USDT.In addition, the Gate flash exchange exclusive gift for newcomers is ongoing. From September 3 at 16:00 to September 10 at 16:00 (UTC+8), eligible newcomers who complete their first flash exchange and reach a transaction volume of 100 USDT will receive a 20 USDT dual-currency financial experience gift, limited to the first 1,000 participants; if the cumulative valid flash exchange transaction volume reaches 300 USDT, they can receive an additional 3 USDT cash reward, limited to the first 300 participants, and the two benefits can be stacked. Currently, Gate flash exchange supports one-click conversion of over 2,400 types of crypto assets without any transaction fees.

Malaysia is leaning towards relying on Huawei Technologies' artificial intelligence chips to power its sovereign AI program. The Southeast Asian country is seriously evaluating the use of Huawei AI hardware as the backbone of a 2 billion ringgit (approximately 494 million USD) initiative aimed at giving the country greater control over national data.Insiders say it is currently unclear how many chips Malaysia will purchase, and these individuals requested anonymity due to unauthorized disclosure. This move faces strong opposition from the administration of U.S. President Donald Trump.

House Majority Whip Tom Emmer stated that the House has completed its work related to the structure of the cryptocurrency market and is pressuring the Senate to take action on the CLARITY Act. Emmer said, "The Senate must get this done."

U.S. Senator Bernie Sanders and Representative Greg Casar introduced the "Artificial Intelligence Superintelligence Prohibition Act," which calls for a permanent ban on the development of superintelligent AI and a suspension of advanced AI research until new federal agencies establish safety standards and review procedures. Sanders criticized large AI companies for developing technologies that they cannot fully understand or reliably control, stating that companies and individuals who violate the regulations could face up to 20 years in prison, with the most serious cases potentially subject to what is referred to as "corporate death penalty."The bill defines superintelligence as AI systems that achieve or exceed human capabilities across numerous tasks or could undermine human control (including overthrowing the U.S. government), and this definition also encompasses human-level AGI. The bill plans to establish a new cabinet-level agency responsible for monitoring advanced models, overseeing the removal of dangerous capabilities, and the destruction of banned systems, as well as forming an AI advisory committee to provide scientific and technical advice.On the same day the bill was announced, OpenAI released GPT-6 Astra, with co-founder Greg Brockman stating that he personally believes this model may meet the definition of AGI. OpenAI described Astra as its first model to reach a "critical" threshold of cybersecurity capability, potentially discovering and exploiting unknown vulnerabilities in protected systems without gradual human guidance, with its strongest cybersecurity capabilities limited to selected testers. Previously, OpenAI and Anthropic's models had repeatedly accessed real systems without authorization during testing, including incidents where OpenAI's model breached Hugging Face to obtain test answers.

According to Cointelegraph, the Dubai Virtual Assets Regulatory Authority (VARA) has signed a Memorandum of Understanding (MoU) with the BlackRock-backed tokenization platform Securitize to advance the tokenization and digital asset infrastructure development in the UAE and Dubai. Both parties stated that the agreement will establish a collaborative framework to support regulated tokenization initiatives, promote institutional participation, and strengthen Dubai's digital asset ecosystem.A VARA spokesperson stated that the memorandum aims to combine VARA's regulatory perspective with Securitize's experience in institutional tokenization to determine how the collaboration can help Dubai develop a trustworthy and regulated tokenization market, with no specific projects to be announced at this stage. Carlos Domingo, co-founder and CEO of Securitize, stated that Dubai is one of the most forward-looking jurisdictions for global digital asset innovation, and collaborating with regulators is crucial for tokenization to move from concept to mainstream financial infrastructure.At the time of this announcement, investor demand for tokenized assets continues to rise. According to RWA.xyz data, the total number of tokenized asset holders has increased by 103% over the past 30 days to 3.2 million, and the total value of tokenized assets has grown by 2% to $38.5 billion. Securitize is currently the largest tokenization platform globally, with a tokenized asset management scale of $4.9 billion, while Ondo Finance ranks second with $3.5 billion.

The Korea Electric Power Corporation is negotiating a multi-billion dollar electricity prepayment plan with Samsung Electronics and SK Hynix to raise funds for the power grid needed to build a new semiconductor industry cluster. According to the current plan, Samsung Electronics will prepay 200 trillion won, and SK Hynix will prepay 50 trillion won, totaling 250 trillion won, which is approximately equivalent to the electricity costs for the next five years.In a statement, Korea Electric Power said that the large-scale electricity prepayment system is a mechanism that meets the needs of companies urgently needing to expand the power grid and Korea Electric Power, which requires investment funds. Specific details, including the amount of prepayment and the coverage period, have not yet been finalized.

According to Catcher Predict monitoring, the "Republican 2028 Presidential Candidate" event is currently the most actively traded on the prediction market Polymarket, with a cumulative pool size reaching $6.973 billion. The option with the highest market consensus is "J.D. Vance," with an associated winning probability of approximately 53.05%.

According to a report by the Economic Daily, ASE Technology Holding benefited from the increased capacity of Google TPU, significantly adding advanced packaging and testing orders. Intel is accelerating the promotion of its EMIB advanced packaging platform while simultaneously expanding its outsourcing orders to ASE Technology Holding, with the previously raised testing quotes showing benefits. Google continues to increase its AI capital expenditures to expand data centers, using TPU to support the Gemini large model, AI agents, and Google Cloud services. The market estimates that Google TPU will enter a large-scale production phase by 2028, with shipments expected to reach 12 to 15 million units. ASE Technology Holding has mastered 2.5D, 3D advanced packaging, and high-end testing technologies, and Google is also expanding its use of TSMC's advanced processes and CoWoS capacity.Intel is racing to advance its EMIB packaging platform, with major cloud companies like Meta and Google successively adopting the EMIB and EMIB-T platforms. ASE Technology Holding, positioned as a pure testing and packaging foundry, can directly procure organic embedded silicon bridge substrates to undertake backend wafer-level assembly and high-end testing services. Wu Tianyu, the Chief Operating Officer of ASE Technology Holding, believes that Intel's EMIB and TSMC's CoWoS are not zero-sum competitors. As the testing time for AI chips lengthens, the costs of equipment, materials, and labor are rising, and high-end packaging and testing capacity is becoming increasingly tight. Major testing and packaging factories have gradually raised prices based on products, capacity, and customer conditions, with increases of about 5% to 10%.

According to The Information, the Trump administration is studying a new regulatory rule for artificial intelligence chips aimed at limiting the remote acquisition of computing resources for advanced AI chips in the United States.The report states that after Trump begins his second term in 2025, the White House announced the withdrawal of the AI Diffusion Rule introduced during the Biden administration. Currently, a small team within the U.S. Department of Commerce is working on a smaller, more targeted alternative plan to restrict geopolitical competitors from accessing advanced AI chips through remote methods such as cloud computing.The rule is still in the drafting stage, and specific restrictions have not yet been clarified, but it indicates that the U.S. government may re-strengthen regulations on the cross-border acquisition of advanced AI computing power, focusing on the possibility of circumventing physical chip export restrictions through remote computing services.

According to reports from Seoul Economic Daily, Samsung Electronics is developing HBM4E (seventh generation) 8-layer products that meet NVIDIA's requirements, aiming to secure its position as a core partner in the supply of customized high-bandwidth memory NVHBM. This product reduces the stacking height compared to the originally planned 12-layer and 16-layer designs. The speed specifications proposed by NVIDIA are 17-18Gbps, which is about 20% higher than the speed of Samsung's initial HBM4E samples (14.4Gbps), and will be used for NVIDIA's publicly disclosed NVLink optimized specifications for NVHBM.The use of 8 layers, contrary to the previous logic of increasing capacity by adding more stacking layers in HBM, can reduce the difficulty of post-processing and yield pressure, which is beneficial for expanding supply and is seen as NVIDIA's strategy to alleviate memory shortages. NVHBM is expected to be applied starting with the next-generation AI GPU "Rubin Ultra," which is set to launch next year. This GPU will expand the interconnection scale between GPUs from a maximum of 72 to 576, enhancing overall computing power through hundreds of GPUs equipped with faster HBM.In the customized HBM market, Samsung is more competitive compared to SK Hynix and Micron, as NVHBM requires DRAM and the production capabilities of logic chip-based bare die designs, which Samsung can integrate. Industry insiders say that Samsung has verified the highest speed levels in HBM4, which can provide an advantage in speed competition.