Musk briefly lost his title as the world's richest person to Oracle (ORCL.N) co-founder Larry Ellison. Following Oracle's strong earnings report Tuesday evening, Ellison's net worth surged by $89 billion on Wednesday, reaching $383.2 billion. Ellison is Oracle's largest individual shareholder. His surge in net worth briefly made him the world's richest person for a few hours on Wednesday, briefly surpassing Musk's wealth. However, by Wednesday's close, Musk's net worth was $384.2 billion, surpassing Ellison by $1 billion and reclaiming the title. (Jinshi)

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins appointed a key member to his leadership team on Wednesday to head the department that reviews IPOs and corporate disclosures. The SEC said that James Moloney, a partner at Gibson Law Firm, will become the head of the SEC's Corporate Finance Division starting next month. Moloney worked at the SEC from 1994 to 2000, successively overseeing mergers and acquisitions and related work in the Corporate Finance Division. The Corporate Finance Division is responsible for reviewing financial reports submitted by companies to ensure that companies fully disclose potential risks to investors. The department also issues guidance on how to comply with SEC rules, such as executive compensation disclosures or reporting requirements for non-GAAP profit indicators. Moloney said in a statement: "There is a lot of work ahead, and I look forward to returning to the Corporate Finance Division and working with my colleagues to develop smart, pragmatic and effective regulatory rules to help companies grow and benefit investors."

At the OECD's Global Financial Markets Roundtable, Paul S. Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that the SEC will modernize securities regulation through Project Crypto, clarifying the securities status of crypto assets and providing a clear regulatory framework for businesses engaging in on-chain financing, trading, staking, and lending. He emphasized that most crypto tokens are not securities, and that regulation will adopt a minimal interventionist approach to protect investors while encouraging innovation and competition. Atkins also noted that artificial intelligence (AI) will be integrated with blockchain to promote "intelligent agent finance," enabling automated trading, capital allocation, and risk management, improving market efficiency and reducing costs. He called for international cooperation, drawing on the experience of the EU's MiCA (Mechanical and Accounting Authority) to jointly advance digital asset regulation and financial innovation. The SEC's goal is to establish a world-leading crypto and AI financial ecosystem in the United States, creating more opportunities for investors and businesses.

The Polygon Foundation announced the completion of an update addressing transaction finalization issues. The hard fork has successfully completed, and milestone and state synchronization are now proceeding normally. Checkpoints are being processed, and consensus finalization for Polygon PoS has been fully restored. On the afternoon of the 10th, the Polygon Foundation stated: "There is a temporary delay in finalization. While the blockchain continues to operate and blocks and checkpoints are being generated, there is currently a 10-15 minute delay in transaction finalization due to the milestone issue. A solution has been found and is being deployed to all validators and service providers."

According to crypto journalist Eleanor Terrett, the release of a comprehensive "Crypto Market Structure Act" framework by US Senate Democrats today has sparked optimism among crypto industry insiders and some Republican leaders that reforming the cryptocurrency market structure may find a path to bipartisanship in the Senate. The detailed framework released by a coalition of 12 Democrats signals their readiness to join efforts previously driven primarily by Republicans to establish clear rules for the crypto market. Senator Cynthia Lummis, a key Republican driving force, praised this bipartisan effort. The Democratic framework is based on seven key pillars, aiming to clarify token jurisdiction, strengthen oversight of trading platforms and issuers, combat illicit financial activities and conflicts of interest, and provide regulators with more enforcement resources. These priorities overlap significantly with those emphasized by Republicans. The key to a bipartisan agreement lies in the details, particularly the disagreement over the extent of regulation. Republicans have historically favored lighter-touch regulations, while Democrats have favored stricter rules. As previously reported, the Senate Banking Committee is expected to mark up revisions to the market structure discussion draft by the end of September. At the same time, the Senate Agriculture Committee will also release a draft covering the CFTC regulatory section in the near future. It is expected that the market structure bill will be signed into law by President Trump before Christmas this year.

GMGN market data shows AOL breaking through 0.02 USDT, a 30% surge in a short period, and currently trading at 0.019 USDT. Odaily reminds users that Memecoin prices fluctuate significantly, so investors should be aware of the risks.

According to market news: The U.S. SEC has delayed approving BlackRock's application for the staking function of the spot Ethereum ETF.

According to market news: The U.S. SEC has delayed approving Franklin's spot XRP ETF application.

The Trump administration is appealing a court ruling blocking the removal of Federal Reserve Board Governor Tim Cook.

Coinbase announced that spot trading for Solayer (LAYER) will launch on September 11, 2025. The LAYER-USD trading pair will be available on or after 9:00 AM Pacific Time in supported regions, subject to liquidity conditions.

Multicoin and its three founders each invested more than $100 million in SOL treasury company Forward, and Multicoin co-founder Kyle Samani personally invested an additional $25 million on top of Multicoin.

Any data written to a block will exist permanently as long as the block exists.

From regulatory hunting to the systematic incorporation of encryption, the era of great integration in the United States has officially begun.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

The Tornado Cash case has long transcended the fate of individual developers; it is defining boundaries for the entire decentralized finance industry.

Kirk's death is not just the fall of a politician, it is more like the birth of a crypto "martyr".

Will Hong Kong choose to become an exquisite but insignificant "regulatory bonsai" or a "strategic rainforest" that uses RWA as its engine to reshape globalization?

The competition among centralized exchanges (CEXs) for the on-chain trading market has entered deep waters.

Recommended reading tonight: 1. US SEC Chairman's latest speech: The era of crypto and financial innovation has arrived; 2. The battle for stablecoin giant USDH: A panoramic analysis; 3. Milan passes the Senate Banking Committee: Will Trump take control of the Federal Reserve?

Paul S. Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), delivered a speech at the inaugural Global Financial Markets Roundtable of the Organization for Economic Cooperation and Development (OECD) in Paris on September 10, 2025.