News Center

Odaily News: According to a report by 21Shares, Solana is advancing two governance proposals, SIMD-550 and SIMD-553, which could significantly alter the economic model for SOL holders over the next two years.

SIMD-550 proposes to increase Solana's annual inflation decay rate from 15% to 30%, allowing it to reach the terminal inflation rate of 1.5% more quickly, with nominal staking yields expected to drop to approximately 2.25% within three years. SIMD-553, approved and merged on July 20, will introduce a burn fee for compute unit requests, increasing daily SOL burns from about 600-800 tokens to approximately 7,500-9,000 tokens.

The report suggests that while lower staking income will directly impact validators and stakers, reduced issuance and higher burn rates could improve SOL's long-term supply-demand dynamics and potentially drive some capital toward Solana's decentralized finance ecosystem.

Odaily News: Arga Labs, a startup specializing in testing infrastructure for AI agents, announced the completion of a $10 million seed funding round, led by General Catalyst, with participation from BoxGroup, Emergence Capital, Gradient Ventures, and SV Angel. The company aims to address the challenges of testing, training, and adapting AI agents to complex business systems during enterprise-level deployment. By creating a complete digital twin environment of enterprise software, replicating permission systems, webhooks, and system interaction logic, Arga Labs enables AI agents to train in environments that closely mimic real-world operations. (TechCrunch)

Odaily News: MINIMAX-W (00100.HK) disclosed the R&D directions for MiniMax M3.1 and MiniMax M3Pro during its interim results conference call on the evening of Aug. 26. The parameter scale of M3Pro is expected to increase to approximately 3T, with further expansion of reinforcement learning and long-horizon task training to enhance the model's generalization capability and intelligence ceiling. Yan Junjie, founder and CEO of MiniMax, stated that the next phase will continue to promote the synergistic improvement of model intelligence, inference efficiency, and infrastructure capabilities, accelerating the R&D and release cycle of the M-series and H-series models. (Jin Shi)

Odaily News: Ethereum researchers have proposed a new proposal to restructure the deposit contract used for validators to join the network, preparing for future defense against quantum computing attacks.

The proposal aims to upgrade the Ethereum validator registration mechanism by adding cryptographic algorithm switching capabilities, enabling the network to support quantum-resistant signature schemes in the future. Currently, Ethereum validators use BLS signatures to verify transactions, and the elliptic curve cryptography this scheme relies on could theoretically be vulnerable to quantum computers running Shor's algorithm.

The deposit contract is the entry point for users to stake ETH and become validators. Currently, approximately 42.4 million ETH is staked, valued at around $104 billion, all protected by existing BLS verification keys. Researchers stated that because the current contract hardcodes the BLS key size, even if the community determines a new quantum-resistant signature standard in the future, Ethereum would not be able to directly support it.

At present, the proposal is still in the early draft stage and has not been officially numbered, with some repository maintainers suggesting it be numbered as EIP-8394. If approved, the new version of the deposit contract would allow different cryptographic schemes to coexist and use a tagging mechanism to distinguish different signature systems: BLS signatures marked as 0, and future quantum-resistant schemes could use new tags. (CoinDesk)

Odaily News: MiniMax revealed during its mid-2026 earnings call that it is advancing the adaptation of domestic chips for M3 and H3, and that a large-scale domestic computing cluster will soon go live, gradually handling real production traffic. (People's Financial News)

Odaily News: The U.S. Securities and Exchange Commission (SEC) has submitted a new rule proposal to the White House Office of Management and Budget (OMB) regarding investment advisers' custody of client digital assets. The rule aims to clarify the framework for investment advisers and investment companies to custody crypto assets, and plans to remove certain existing custody requirements that are considered outdated due to market evolution and current trading and custody practices. The proposal will take effect after OMB review, SEC commissioner vote, and public comment period.

Odaily News: Trump stated that the Strait of Hormuz is operating normally and that a large amount of oil is flowing out, hinting that 22 ships passed through the strait last night. (Jin Shi)

Odaily News: BMO Capital Markets initiated coverage on Broadcom with an "Outperform" rating and a price target of $455. Analyst Harsh Kumar noted that Broadcom is a leading AI supplier in custom ASICs and networking, and the world's second-largest AI chip company after Nvidia.

It is reported that Broadcom is in talks to raise over $60 billion through debt financing to fund AI chips for customers such as Anthropic. Blackstone and Apollo may participate, with the final financing amount potentially reaching $100 billion.

Odaily News: Saitama founder Manpreet Kohli lost his extradition case in the UK last week and faces extradition to the US to stand trial on charges of wire fraud and market manipulation. Kohli was arrested in London in 2024, and US prosecutors allege that he and more than a dozen co-conspirators falsely claimed to hold and purchase Saitama tokens while secretly selling them for a profit of approximately $20 million. The token once had a market capitalization of $7.5 billion.

Judge Samuel Goozee dismissed his application against extradition on Aug. 19 and referred the case to the UK Secretary of State to decide whether to order extradition. Kohli is currently out on bail of £200,000 and may still appeal. Previously, a federal judge in Boston had rejected his motion to dismiss the indictment on the grounds that Saitama tokens do not constitute securities. (Reuters)

Odaily News: The Central Bank of Uzbekistan plans to invite some of Wall Street's top international asset management institutions to discuss potential options for investing the country's foreign exchange reserves.

Timur Ishmetov, Governor of the Central Bank of Uzbekistan, said in an interview in Tashkent that the central bank is preparing to hold a roundtable meeting in mid-September, inviting representatives from institutions including Goldman Sachs, BlackRock, and JPMorgan to discuss potential investment channels. According to official data, the Central Bank of Uzbekistan's reserves fell from $66.3 billion at the beginning of the year to $64.3 billion in July, with gold accounting for 87%.

Data from the World Gold Council shows that Uzbekistan net purchased 41 tons of gold in the first half of this year, making it the world's second-largest gold buyer during the period. "So far, gold has proven to be the best investment," Ishmetov said. "In principle, we are satisfied with the current situation, but it won't always be like this—gold prices won't rise forever." "Our primary goal is not to sell gold simply for profit," Ishmetov said. However, he also noted that the central bank hopes to sell gold at favorable price levels. He added that the central bank has not yet decided to change the reserve structure, and the meeting with international asset management institutions may not necessarily lead to such a change. (Jin Shi)

Odaily News: U.S. President Trump, when speaking about Iran's Supreme Leader, said: "I believe he is not dead, but may have been seriously injured." (Jin Shi)

Odaily News: The U.S. July inflation report showed that while price increases were in line with expectations, actual consumer spending stalled. Market pricing for a September rate hike by the Federal Reserve has significantly rebounded, and the Fed's decision-making is facing a more stringent test.

The U.S. Personal Consumption Expenditures (PCE) price index rose 0.2% month-over-month in July, with a year-over-year increase of 3.7%, both higher than market expectations. The core PCE price index, excluding food and energy, performed steadily, rising 0.2% month-over-month and maintaining a 3.3% year-over-year increase, in line with market expectations. Following the data release, market expectations for a rate hike next month significantly rebounded. Interest rate futures data showed that the probability of a September rate hike jumped to 42% from 36% before the data release.

As inflation enters a "long-tail phase," Federal Reserve Chairman Kevin Warsh is set to speak at the Jackson Hole global central bank symposium on Friday. For Warsh, Friday's speech will be a key opportunity to seek balance amid a complex data matrix. He must chart a clear path for global investors between the determination to combat stubborn inflation and the need to avoid a deep economic recession.

Odaily News: Bloomberg ETF analyst Eric Balchunas said this transaction is the second acquisition in Vanguard's history. Vanguard has rarely made acquisitions before, and after the deal is completed, it will become a custodian and expand the coverage of its advisory business. Vanguard's advisory fees are lower than the industry's usual level, ranging from 5 to 25 basis points depending on the minimum asset threshold; the vast majority of its clients are existing Vanguard fund investors, not external new clients. Salim Ramji said that advisory services are a "luxury" and expressed a desire to expand the scope of services so that more people can access them.

Odaily News: Amazon officially announced that it has signed a definitive agreement to acquire DuckLabs, a data infrastructure company. The transaction is expected to close after satisfying customary closing conditions, and upon completion, the DuckLabs team will join Amazon Web Services (AWS).

DuckLabs is the development company behind DuckDB, an open-source analytical database. AWS stated that the two parties have been collaborating since 2024, and this acquisition aims to combine DuckLabs' technical capabilities in database engineering to further enhance the speed, ease of use, and cost efficiency of AWS data analytics services.

DuckDB co-founders Hannes Mühleisen and Mark Raasveldt will continue to lead the team after joining AWS and will be responsible for the technical direction of the open-source project. Amazon emphasized that this transaction does not include the acquisition of the DuckDB open-source project itself; DuckDB will continue to be maintained by the independent DuckDB Foundation and remain freely available under the MIT license. Amazon stated that the DuckDB user experience will not change before or after the transaction closes, and the project will continue to operate as open source. In the future, AWS will further announce specific plans for integrating DuckLabs with AWS business.

Odaily News: Bloomberg ETF analyst Eric Balchunas said on the X platform that the number of ETF closures has increased by 65% compared to last year, with nearly 200 so far this year, and at the current pace, it will break the record. At the same time, the number of ETF launches is about five times the number of closures, which will also easily set a record, as issuers are closing zombie funds faster.

Odaily News: According to Reuters, senior Iranian sources said that the agreement with Oman regarding the Strait of Hormuz has not been finalized. Iran and Oman are still negotiating the details of the Strait of Hormuz agreement.