The Bank for International Settlements is renewing its criticism of stablecoins, questioning whether they can credibly serve as everyday money as governments worldwide build regulatory frameworks around the tokens. BIS General Manager Pablo Hernández de Cos, a candidate to succeed European Central Bank President Christine Lagarde next year, said stablecoins do not credibly function as a means of payment at scale and argued that tokenized bank deposits offer a stronger alternative. According to Cointelegraph, de Cos said tokenised deposits provide a more direct way to use tokenisation while preserving the foundations of the monetary system. His remarks come as regulators continue to assess stablecoin adoption, while a new study from the BIS-linked Financial Stability Institute shows major differences in how leading markets regulate stablecoin issuers. Hernández de Cos also acknowledged that stablecoins could lower government borrowing costs, echoing an argument made by US Treasury Secretary Scott Bessent, but said the effect could also raise costs for consumers if bank deposits shift into stablecoins and banks pass higher funding expenses on to households and businesses through higher borrowing rates. He added that stablecoin platforms face limited interoperability and persistent challenges in applying anti-money laundering controls consistently. He also said wider use of US dollar-pegged stablecoins outside the US could weaken monetary sovereignty and domestic monetary policy.

According to Wallstreetcn, U.S. Immigration and Customs Enforcement plans to spend $2 million on robot dogs for enforcement operations, with the devices set to assist officers with border defense and infrastructure security.

Tongfu Microelectronics Co. Ltd. (002156.SZ) said in its 2026 half-year report, released on August 29, 2026, that 180 institutional investors had disclosed holdings in its A shares as of August 28, with combined holdings of 489 million shares, or 32.20% of total share capital, according to Jiemian News. The top 10 institutional holders included Nantong Huada Microelectronics Group, the National Integrated Circuit Industry Investment Fund, Hong Kong Securities Clearing Company, and several fund products and insurers, and together they held 31.14% of the company. That was down 4.11 percentage points from the previous quarter. Among public funds, one fund increased its holdings from the prior quarter, while 10 reduced holdings, including several CSI 500 index-enhanced products and other equity funds. Jiemian News reported that 116 public funds newly disclosed holdings this quarter, including chip-themed funds and bond funds, while 32 funds no longer disclosed holdings, including Yongying Semiconductor Industry Selected Mixed Initiated A, Southern CSI 500 ETF, Tianhong CSI 500 Index Enhanced A, and Jiashi Industry Leading Mixed A. One social security fund, National Social Security Fund Portfolio 602, was no longer disclosed this quarter. Foreign holdings also fell, with Hong Kong Securities Clearing Company reducing its stake by 0.74 percentage point from the previous quarter.

Huaxin Cement said 141 institutional investors had disclosed holdings in its A shares as of August 28, 2026, with total holdings of 918 million shares, or 44.14% of the company’s total share capital, according to Jiemian News. The company’s 2026 interim report, released on August 29, 2026, said the top 10 institutional investors held 43.25% of the shares, down 1.35 percentage points from the previous quarter. The report listed HOLCHIN B.V., Huaxin Group Co., Ltd., Hong Kong Securities Clearing Company Limited, China Railway Wuhan Bureau Group Co., Ltd., two national social security fund portfolios, Taiping Life Insurance’s traditional ordinary insurance product, and several mutual funds among the top 10 holders. It also said 121 public funds newly disclosed holdings in the quarter, while 42 public funds were no longer disclosed. The report added that one social security fund portfolio newly appeared, one insurance investor reduced its holdings, one pension fund was no longer disclosed, and Hong Kong Securities Clearing Company Limited also reduced its holdings.

Robinhood ecosystem meme coin microduck briefly surpassed a $13 million market cap and was trading at $12.71 million, up more than 352% on the day. According to ChainCatcher, the token’s narrative centers on the open-source AI robot Microduck, which originated from the Open Duck Mini community project and was productized with support from Hugging Face. Microduck is priced at $399 and comes with a camera and LiDAR. It supports an open-source SDK and training tools, can learn different actions through reinforcement learning, and is positioned as a low-cost, customizable AI pet concept. Community participants also describe it as combining physical AI, open-source robotics, and animal-themed meme narratives.

Robinhood ecosystem meme coin microduck briefly rose above a $13 million market cap and was last reported at $12.71 million, up more than 352% on the day. According to Odaily, the token’s narrative centers on the open-source AI robot Microduck, which originated from the Open Duck Mini community project and was promoted for productization by Hugging Face. Microduck is priced at $399 and comes with a camera and LiDAR. It supports an open-source SDK and training tools, and can learn different actions through reinforcement learning. The community describes it as combining physical AI, open-source robotics, and animal meme narratives.

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Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3165, providing you with the latest and fastest news on the digital currency and blockchain industry.

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Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

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