OKX market data shows that BTC has broken through 61,000 USDT in the short term and is currently trading at 60,825.5 USDT, with a 24-hour increase of 5.29%.

Yellow Network is "creating a blockchain-agnostic mesh network that aggregates liquidity and lowers slippage,” said co-founder Louis Bellet. source: https://decrypt.co/249869/ripple-co-founder-chris-larsen-leads-10-million-round-for-defi-protocol-yellow-network

According to people familiar with the matter, crypto venture capital firm Dragonfly Capital is seeking to raise $500 million for its fourth fund, which will invest in early-stage projects. It is reported that it has successfully raised $250 million and plans to complete financing in the first quarter of next year. (Bloomberg)

Binance has clarified it ceased wallet services for WazirX in early 2023, rejecting allegations of any culpability in the platform’s loss. source: https://cryptopotato.com/binance-denies-involvement-in-235m-wazirx-crypto-hack/

Circle plans on launching the USDC stablecoin on Sui sometime soon, according to Circle CEO Jeremy Allaire. source: https://www.theblock.co/post/316831/moviepass-taps-layer-1-network-sui-to-launch-usdc-stablecoin-payments?utm_source=rss&utm_medium=rss

The Ape Society drama resurfaces as Cardano comes under fire for its struggling price. source: https://dailycoin.com/cardano-price-jab-reignites-ape-society-exit-drama/?utm_source=cryptopanic&utm_medium=rss

TON Foundation partners with Curve Finance to launch a stablecoin swap project. The stablecoin swap project will use Curve’s CFMM tech to reduce volatility and slippage for TON stablecoin trades. The project will be developed by an independent team under Curve’s Michael Egorov. The TON Foundation has partnered with Curve Finance, a decentralized exchange (DEX), […] source: https://coinjournal.net/news/ton-and-curve-finance-partner-for-a-ton-based-stablecoin-swap-project/

According to BlockBeats, Dragonfly Capital, a cryptocurrency venture capital firm, is aiming to raise $500 million for its fourth fund, which will focus on early-stage projects. As of now, the firm has successfully secured $250 million and plans to complete the fundraising by the first quarter of next year.

Digital Chamber is calling on U.S. crypto users to support a new bill that would classify non-fungible tokens (NFTs) based on their use cases. source: https://www.cryptopolitan.com/digital-chamber-rallies-support-for-nft/

According to Cointelegraph, Chris Larsen, co-founder of Ripple, has spearheaded a $10 million seed funding round for Yellow Network, a new decentralized clearing network aimed at addressing inefficiencies in the cryptocurrency market. The investment will support efforts to resolve issues related to liquidity fragmentation, scalability, and capital efficiency in the digital asset market. The press release shared with Cointelegraph highlights that Yellow Network’s decentralized clearing protocol is designed to tackle critical industry challenges. The chain-agnostic network utilizes state channel technology to provide capital efficiency, reduced latency, and scalability for the growing digital asset market. Larsen emphasized the importance of the protocol, describing it as essential for newcomers and a game-changer due to its fast trade execution and capital efficiency. Decentralized clearing involves bypassing centralized intermediaries or a clearinghouse to settle financial transactions between parties, eliminating the need for a middleman. This process is managed on the blockchain or through smart contracts, typically preserving privacy and removing central authorities seen in traditional financial systems. However, there is a tradeoff between decentralization and regulated, centralized alternatives, which often feature more consumer protective measures. In related news, as reported by CNBC on September 6, Larsen signed a letter endorsing Vice President Kamala Harris for president, alongside 87 other corporate leaders in the United States. The endorsement included notable figures such as 21st Century Fox CEO James Murdoch and Snap chairman Michael Lynton. This news followed the departure of former Ripple board member Gene Sperling from the White House in early August to join Kamala Harris’ 2024 presidential campaign.

Bubbles will burst, but products that truly solve user needs will change the world and make history.

Amazon bids their remote work policy goodbye, as employees are expected to return to office five days a week starting from the beginning of 2025.

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Disney+ Hotstar's new AI tool reduces data use by 25% for offline video downloads and increases watch time per gigabyte by 12.5% while maintaining video quality. The technology optimises data based on scene complexity and user habits, promising more efficient streaming.

SC Ventures has invested in One Trading, boosting its role as Europe's first regulated platform for crypto perpetual futures. This investment, alongside increased stakes from existing investors, will support One Trading's launch of innovative crypto products under MiFID II regulations.

China's megacity and economic center, Shanghai, shuts down after being hit by one of the strongest storms since 1949.

Faced with the liquidity fragmentation problem in the current Rollup ecosystem, Based Rollup is widely regarded as an effective potential solution, and pre-confirmation plays a vital role in improving the Based Rollup user experience.

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AI researchers are advocating for a robust contingency plan to address the risk of losing control over AI systems. This measure seeks to prepare for scenarios where AI could act unpredictably, emphasizing the need for strong safeguards and strategies to manage potential risks.