SEC Chair Paul Atkins said he has asked staff to draft a proposal that would allow investment advisers to directly custody clients' and regulated funds' crypto assets under certain conditions, while also considering whether state trust companies could serve as custodians. According to Odaily, Atkins said some crypto assets do not yet have qualified third-party custodians. The custody proposal is part of the SEC's broader crypto regulatory framework. The framework also includes a crypto asset rule proposal submitted on August 18 and a plan to modernize transfer agent rules, which would cover crypto issuance and transfers. Atkins also urged Congress to advance the CLARITY Act, which failed to move forward in a Senate procedural vote on September 15 by 49 votes to 50.

MARA Holdings bought 1,292 Bitcoin through FalconX 9 hours ago, according to Lookonchain monitoring. According to Foresight News, the purchase was worth about $98.64 million.

Sonic Labs co-founder and Flying Tulip founder Andre Cronje reposted a statement from former executive Michael Kong and said Sonic Labs' related blog post was offensive and unfounded. According to Foresight News, Kong said he questioned the founding team's plagiarism allegations as early as 2018, gave up his salary after a $40 million fundraising round was reduced to less than $2 million, and helped push a South Korea lawsuit involving about $150 million to victory. Kong said that, against the backdrop of falling token prices, the project owner forced his dismissal to calm public opinion, which he said was not appropriate. He also said Sonic Labs recently announced that its relationship with him was terminated immediately without giving a reason, creating the impression that he had been removed for misconduct. Kong said his departure was not voluntary. He added that both sides had signed severance and non-disparagement agreements, but the other party refused to honor them, and the original contractor agreement was also not fulfilled. He said he was responding publicly and reserved the right to sue Sonic Labs and related parties.

MARA Holdings bought 1,292 Bitcoin through FalconX about 9 hours ago, according to Lookonchain monitoring. According to Odaily, the purchase was valued at $98.64 million.

According to Kabutan/MINKABU, HKET and Yahoo Taiwan, Asian equities opened mixed on Wednesday as investors weighed rising oil prices and a jump in US Treasury yields ahead of the Federal Reserve's rate decision, with Wall Street having closed lower overnight (Dow -0.63%, S&P 500 -0.45%, Nasdaq -0.78%). Tokyo's Nikkei 225 opened higher, rising 188 points to 63,672 at the open, but quickly slipped into negative territory after the bell as concerns over higher domestic bond yields weighed. The benchmark's decline briefly exceeded 200 points before steadying, and by around 10:00 it was little changed, up 3 points at 63,487. Seoul's KOSPI opened near flat, easing 16.02 points to 6,611.24 at the open before edging up to 6,627.95, up 0.01 percent, as of 9:15 a.m., with heavyweights mixed: Samsung Electronics was flat, SK hynix added 0.95 percent, LG Energy Solution rose 1.78 percent and Hyundai Motor fell 1.23 percent. The KOSDAQ opened down 4.04 points at 808.37. The won traded at 1,365.8 per dollar. Hong Kong stocks opened higher ahead of the city's policy address, with the Hang Seng Index up 122 points at 24,789 and the Hang Seng Tech Index up 0.5 percent at 4,311, before the benchmark reversed to about 24,650 shortly after the open. Lenovo rose 2 percent and Zijin Mining gained over 1 percent, while CATL fell 2 percent and Zhipu declined more than 3 percent. Taiwan's TAIEX opened higher, up 35.07 points at 45,546.56 and rising as much as 204.38 points to a session high of 45,715.87. TSMC opened down NT$5 at NT$2,375 before returning to unchanged near NT$2,380, while MediaTek added 2.03 percent. In mainland China, the Shanghai Composite opened down about 0.2 percent and the ChiNext Index fell more than 0.5 percent in early trade.

This article analyzes Anthropic's pre-IPO trading market and Entropy, an emerging HIP-3 builder.

With the procedural vote failing, the CLARITY Act is virtually impossible to advance during the remainder of the 119th Congress's term. In the short term, the crypto industry will continue to rely on the already enacted GENIUS Act and the existing regulatory framework of the SEC and CFTC.

With a 94% probability of a rate hike and a perfect historical track record, the Federal Reserve has consistently raised rates whenever market expectations have reached this level. The US Treasury market is currently experiencing extreme short selling, with almost no one daring to buy the dip, betting that the Fed will have to deliver on its promise.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse 8 AM," issue 3183, 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.

Anthropic, OpenAI, and others are unusually calling for a slowdown in AI, yet they are simultaneously rushing to achieve the largest IPO in history.

Jensen Huang publicly criticized AI doomsday theories at the All-In Summit: "These predictions are all wrong"; Trump spoke out midway through his speech.

Multiple studies have focused on the risks of AI recursively self-improving, and a growing number of leading researchers are worried about losing control, exacerbating the divisions within the academic community.