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ETH falls below $2,400, down 2.05% intraday
PANews September 2 news, OKX market shows, ETH just fell below $2,400, now at $2,399.00 per coin, down 2.05% intraday.
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BTC falls below $77,000, down 1.18% intraday
PANews September 2 news, OKX market shows that BTC has just fallen below $77,000, currently at $76,996.20 per coin, down 1.18% intraday.
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Apple's new CEO Ternus joins Weibo and posts first message
PANews September 1 news, local time September 1, John Ternus, who just officially took office as Apple CEO, joined Weibo and posted his first message: Hello hello.
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TRM Labs Awarded $95 Million No-Bid Crypto Tracking Contract by U.S. Department of Homeland Security, Sued by Chainalysis
PANews reported on September 1, citing Bloomberg, that the U.S. Department of Homeland Security signed a one-year no-bid contract worth $95 million with crypto analytics firm TRM Labs in July to provide cryptocurrency tracking software and data analysis personnel, serving the White House's efforts to combat crypto fraud and cybercrime targeting Americans. Competitor Chainalysis has filed a lawsuit against the Trump administration over the contract, alleging that the award process was 'arbitrary, capricious, and unreasonable.' U.S. officials stated in a public explanation that TRM is 'the only vendor capable of providing the complete technical, data, and operational support services required.'
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Analyst: About 2%–3% of BlackRock's Bitcoin spot ETF funds come from self-custody migration
PANews September 1 news, according to Bloomberg analyst Eric Balchunas, about 2%–3% of the inflows into iShares Bitcoin Trust (IBIT) come from investors migrating Bitcoin from self-custody to BlackRock's ETF. He said that if investors primarily value Bitcoin's 'inflation/currency debasement resistance' properties, ETFs are becoming a more attractive holding method compared to self-custody wallets; while Bitcoin 'die-hards' who value 'censorship resistance' find it hard to accept holding Bitcoin through ETFs. Balchunas believes that as IBIT's overall subscription scale expands, this proportion of self-custody migration may continue to rise in the future.
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In the past 24 hours, total contract liquidations across the network reached $184 million, with both longs and shorts liquidated
PANews reported on September 1 that according to CoinGlass data, total contract liquidations across the cryptocurrency market in the past 24 hours reached $184 million, including $106 million in long liquidations and $78.2243 million in short liquidations. BTC liquidations totaled $47.1101 million, and ETH liquidations totaled $37.5629 million. The largest single liquidation order occurred on Binance-ETHUSDT, valued at $4.9298 million.
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Abliteration.ai launches offensive cybersecurity large model based on GLM-5.3
PANews September 1 news, startup Abliteration.ai announced the launch of a new model "abliterated-model-large-v2", based on GLM-5.3 which ranked third on Terminal-Bench 4.0, claiming its network attack and defense exploitation capability is about 2 times higher than version 5.2. The official said that by removing the "refusal" direction in model activations at the weight level, retaining coding, cybersecurity, and agent capabilities, it can be used in offensive cybersecurity, AI red team evaluation, agent testing, and trust and safety scenarios to fully execute authorized attack chains. The model is hosted in the United States, uses FP8 precision, supports a 1 million context window, and promises not to retain input and output prompts. It is currently open for access via API.
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AI computing power electricity crisis becomes G20 focus, Musk says 15 GW gap by 2027
PANews September 1 news, Musk said in a G20 speech that global AI development has hit a power bottleneck, and it is expected that by 2027 AI chip-related electricity use will have a gap of at least 15 gigawatts. He said AI chip annual production capacity growth is about 40%-50%, while electricity supply growth outside China is only about 10%-20% per year, and the curve difference will form a core constraint. Musk pointed out that Google, Anthropic, etc. have rented computing power from SpaceX because SpaceX built its own power plants for rapid expansion. He believes that China has sufficient electricity but is constrained by GPU export controls, while other countries can gain new growth points through taxes and fees if they build electricity on a large scale and host AI data centers.
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Ripple partners with SettleMint, Coincheck joins DFNS to boost institutional custody infrastructure in Asia
PANews September 1 news, according to Cointelegraph, Ripple has entered into a strategic partnership with digital asset infrastructure company SettleMint to integrate Ripple Custody with SettleMint's Digital Asset Lifecycle Platform, providing institutions with custody, issuance, and management solutions covering the full lifecycle of tokenized assets. Previously, Coincheck Group has partnered with wallet infrastructure provider DFNS to develop wallet-as-a-service and custody solutions in Japan supporting over 100 blockchain networks. These collaborations aim to fill the gaps in digital asset custody and infrastructure for regulated financial institutions in the Asia-Pacific region.
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US Treasury Secretary Says 'Comprehensive Fiscal Plan' to Be Introduced, Urges G20 to Address Global Imbalances
PANews September 1 news, according to Jinshi Data, US Treasury Secretary Bessent said the United States will introduce a "comprehensive" fiscal plan, and said global imbalances caused by some countries are weakening growth in other regions. Bessent said G20 ministers hope to achieve higher growth, but it is unclear whether countries will take necessary measures. He emphasized that the US has been discussing G20 imbalances, looks forward to countries working with the US on Iran-related issues, and believes Japan is currently taking correct economic measures.
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Guangzhou Nansha launches "International Digital Port" pilot, exploring new paths of "foreign data, Chinese computing" and "Token going global"
PANews reported on September 1, according to Southern Finance Omnimedia, the Guangzhou pilot for international cooperation in the national data field was launched in Nansha. Guangzhou, with Nansha as the core carrying area, is building a four-in-one international data cooperation system of "facilities-rules-carriers-ecosystem" to promote data collaboration in the Guangdong-Hong Kong-Macao Greater Bay Area. At the meeting, the "incoming data processing factory" and "Token going global" business models were released, achieving "foreign data, Chinese computing" through localized deployment of large models and physical isolation of cabinets, and launching "Token Loan" based on token output and computing power contracts as credit basis. Guangzhou Data Exchange signed international data cooperation agreements with Xinhua Holdings, Singapore Yande Group, and others. Diandong Digital Technology announced the construction of a WanPAI intelligent computing cluster in Nansha with a total investment of over 4 billion yuan and planned computing power of 10,000P. The Nansha District People's Congress simultaneously issued a smart city decision to provide legal support for the "International Digital Port".
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After aggressive expansion, SpaceX reportedly reshuffles data center leadership
PANews September 1 news, according to The Information, people familiar with the matter revealed that Elon Musk has in recent weeks adjusted the team responsible for data center construction at SpaceX, replacing several leaders and bringing in executives from the rocket and satellite internet business to strengthen data center infrastructure construction. Two people familiar with the matter said this data center reorganization was due to some civil engineering issues and ongoing reliability problems at SpaceXAI's existing data center facilities in Tennessee and Mississippi. In the early stages of AI infrastructure construction, SpaceXAI rushed to build these data centers quickly, causing some facilities to operate for months without backup cooling and power systems. People familiar with the matter said this increased the risk of system downtime.
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21 financial institutions plan to establish a stablecoin joint venture, aiming to launch a USD stablecoin by 2027
PANews September 1 news, according to PR Newswire, 21 major international financial institutions announced plans to establish a new company globally in the second half of 2026, launching a stablecoin solution fully backed by bank reserves, initially a USD-denominated stablecoin, with subsequent priority expansion to other G7 currencies such as the euro. The company intends to apply it in wholesale, institutional, and retail scenarios, including cross-border payments and digital asset settlement, and strives to meet compliance requirements such as the GENIUS Act and MiCA.
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DeFi risk protocol Firelight Protocol completes $8 million financing
PANews September 1 news, according to CoinDesk, DeFi risk protocol Firelight Protocol completed $8 million financing, led by Gumi Cryptos Capital, with participation from Maven 11, Metalayer, Joint Effects, Tribe Capital, etc. The protocol is incubated by DeFi infrastructure provider Sentora and plans to launch its first coverage integrations in September, providing smart contract attack coverage for fintech companies participating in on-chain yield. Firelight currently uses XRP as coverage funds and will expand to high-liquidity, non-native yield assets such as bitcoin and Stellar's XLM.
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Machi Big Brother launches $TAIWAN on Robinhood chain and buys about $600,000 worth of tokens
PANews September 1 news, according to 'Ember', Machi Big Brother today issued the Meme token 'TAIWAN' on the Robinhood chain, and in the evening used about 16,700 USDC to buy about 27.56 million TAIWAN, with a purchase market value of about $600,000. Ember said it does not recommend participating in this project, citing that Machi Big Brother has issued Meme tokens multiple times before; in 2024, the Meme coin Bobaoppa issued for his own dog raised about 220,000 SOL (about $40 million) but only injected about 60,000 SOL into the pool, kept the rest for personal use, and set a transaction tax of about 8.75%, and the token has now basically gone to zero.
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