Odaily News, StoneX Financial has initiated coverage on Robinhood with a "Buy" rating and a $170 price target, implying approximately 45% upside from Tuesday's closing price of $117.34.StoneX noted that Robinhood Chain's single-day fees reached approximately $4.59 million as of September 3, and it projects the platform could generate $980 million in revenue by fiscal year 2029, with a profit margin of 85%. Additionally, Robinhood's prediction market traded 13.6 billion event contracts in the second quarter, generating approximately $156 million in revenue, representing a 50% quarter-over-quarter increase. (The Block)

Odaily News: Blackstone Inc. is in preliminary discussions with investors to evaluate the feasibility of raising a second massive debt financing round for Anthropic, aimed at supporting its plan to procure Google AI chips.This financing plan reflects how AI companies are leveraging large-scale capital operations to secure computing resources. As demand for large model training and inference continues to grow, AI firms are seeking new financing methods to support the construction of expensive computing infrastructure. Sources familiar with the matter have revealed that a preliminary proposal previously put forward by Blackstone is valued at least $36 billion. The size and structure of the financing, as well as whether Blackstone will ultimately lead the deal, remain under discussion, and details may still change. (Bloomberg)

Odaily News: The Chinese government is taking punitive measures against individuals related to Meta's $2 billion acquisition of Manus. Manus is an AI startup headquartered in Singapore with Chinese background.Informed sources stated that the scope of the Chinese government's actions remains unclear, but it appears to include restricting Manus executives from traveling from China to Singapore. Meta spokesperson Andy Stone said the transaction fully complies with applicable laws, and the Manus team is now deeply integrated into Meta.In January this year, Chinese officials indicated they were investigating whether the deal violated China's regulations concerning technology export approvals. This matter comes at a sensitive time in US-China relations. US President Trump originally planned to visit Beijing at the end of this month to meet with Chinese leaders, but Trump stated on Monday that he had requested China to postpone the visit. Shengyu Wang, a research assistant at the Asia Society Policy Institute, believes the Chinese government's scrutiny of Meta may be aimed at creating leverage ahead of trade negotiations, while also sending a signal to Chinese AI researchers to deter them from following Manus's approach.

Odaily News: Private markets blockchain infrastructure provider Corastone announced that it has secured investment from Fidelity, Future Standard, and Hamilton Lane. The specific amount has not been disclosed. The new funding will support the company in building a proprietary permissioned blockchain network, aiming to provide unified infrastructure and data standards for the private markets to support higher transaction volumes and more complex deal structures. (PRNewswire)

Odaily News: Following a $10 million oracle exploit, oracle service provider RedStone announced the deployment of its price oracle on the Stellar network. This deployment aims to enhance the security and functionality of the Stellar ecosystem while providing developers with a reliable source of price information. (Cointelegraph)

Odaily News: Meta spokesperson Andy Stone posted on X platform, stating, "Business as usual, there is no Meta stablecoin at this stage. The key point about Meta's plan to restart its stablecoin business in the second half of 2026 is to enable individuals and businesses to use their preferred payment methods for payments on Meta's platforms."

Odaily News: Blockchain-related institutions including the Ethereum Foundation, Polkadot developer relations partner PaperMoon, 0G, and SNZ were recently invited to participate in the Nanyang Technological University (NTU) Capstone Project Showcase Day. This program is based on NTU's Master of Science in Blockchain (MSBT) degree and requires students to collaborate with companies or institutions over 3-6 months to undertake practical projects centered on real-world blockchain applications or solutions.

Odaily Planet Daily reports that John Greenwood, the "father of the linked exchange rate," advised staying away from stablecoins at a press conference in Hong Kong, saying they are essentially a stepping stone for fiat currencies to enter the crypto asset world. He personally opposes the promotion of crypto assets due to their instability, unreliability, and frequent use for illicit purposes. Rather than developing stablecoins, a better approach would be to build a domestic and international instant transfer system to speed up transactions within the banking system. (Lianhe Zaobao)

According to the New York Times, early Bitcoin investor Roger Ver ("Bitcoin Jesus") has reached a deferred prosecution agreement (DPA) with the US Department of Justice, agreeing to pay approximately $48 million to settle tax fraud and tax evasion charges. The charges will be dismissed if the terms are met. Ver was indicted in 2024 for failing to pay approximately $48 million in taxes related to his crypto holdings. This year, he hired a team of lawyers and lobbyists who previously defended Trump. Documents also indicate that he paid $600,000 to Roger Stone to seek tax changes. The case has not yet been brought to court, and details are subject to change.

According to Odaily Planet Daily, the Polygon Foundation has released a fix for the Milestone issue. The cause of the issue has been finalized, and the Polygon Foundation has released version 2.2.11-beta 2 for Bor and version 0.3.1 for Heimdall. The latter is a hard fork and will be implemented at 3:00 PM UTC. The Polygon Foundation will continue to monitor network health to ensure all issues are resolved. Earlier news, Polygon: There was a temporary delay in the final confirmation of the transaction and the problem is being resolved.