Odaily reports that multi-chain oracle project Switchboard has announced it is ceasing operations. Switchboard Technology Labs, its core development contributor, will gradually wind down remaining operations, all Switchboard implementations will stop being maintained effective immediately, and remaining support will be terminated on September 25. Protocols using its oracle are required to migrate immediately to alternatives such as Pyth and RedStone.Switchboard stated that AI has reduced the cost of building in-house oracles, the crypto bear market has led to a decline in the number of new public chains and project budgets, and the model of direct collaboration between data providers such as Hyperliquid and S&P shows that protocols may increasingly obtain data directly, thereby weakening the value of third-party oracle networks.

Odaily News: Sources familiar with the matter say the startup behind personal AI assistant Instinct is in talks to raise $1 billion at a valuation of about $10 billion. It was previously reported that the startup is seeking a new round of funding because its invite-only AI agent service is facing capacity constraints, with its user base having grown to more than 100,000 as the service expands. Sequoia Capital and Benchmark are in talks to lead the round. The funding has not yet been finalized, and the terms of the deal and the lead investors may still change. The valuation marks a sharp jump from the company's previous funding round.According to PitchBook data, the startup, named Spear Street Technology, raised $250 million less than a month ago at a pre-money valuation of $2.25 billion. The company has so far raised a total of $350 million from investors. (The Information)

Odaily News: Satsuma Technology sold all 669.4867 bitcoins between July 24 and 31 at a volume-weighted average price of £46,767 per bitcoin, generating £31.912 million. The High Court of England approved the cancellation of 11.236 billion B shares on September 8 and determined that £30.719 million would be returned to eligible shareholders, at £0.002734 per B share; the relevant shareholders received one B share for each ordinary share held at the record time. After deducting approximately £2.6 million in transaction and termination costs and retaining £2 million in working capital, the funds are expected to be credited by cheque, bank account, or CREST on or before September 28. The company had previously expected to cancel its London listing on September 14, but the completion of the relevant progress has not yet been confirmed.

Odaily News: In an operation targeting the Telegram crypto escrow trading platform Xinbi Guarantee, the U.S. Department of Justice's Scam Center Strike Force restricted the handling of approximately $52 million in fraud-related cryptocurrency in a single day, bringing the cumulative total to approximately $938 million. Previously, the cumulative amount frozen, seized, or recovered had already exceeded $580 million.The U.S. Department of the Treasury stated that since its founding around 2022, Xinbi Guarantee has processed over $24 billion in transactions, involving digital assets and fiat currency, primarily serving Southeast Asian transactions. North Korean hackers and sanctioned entities are alleged to have used the platform, including entities under Jin Bei Group and Prince Group.A U.S. federal court approved the seizure on September 7 of the Telegram channel operated by Xinbi Guarantee. Law enforcement authorities also seized two payment wallets totaling approximately $12 million and applied to freeze another 47 cryptocurrency wallets suspected of being used for money laundering or associated with fraud-related service providers.The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) added Xinbi Guarantee and its two supporting companies, Safew Technology and Anwen Technology, to its sanctions list on September 9. The U.S. Department of Justice also dispatched investigators to Madagascar to assist local law enforcement in cracking down on 13 scam compounds operated by Chinese nationals and to process over 3,200 electronic devices. (Bitcoin.com News)

Odaily News - Bastion Trading Limited, a shareholder holding 9.99% of Solana treasury company SkyAI, stated in an SEC filing that it plans to vote against all five current directors at the annual shareholders' meeting on September 18. Bastion expressed deep concerns over the company's amendments to its charter that weaken shareholder rights, the board's implementation of a poison pill without shareholder vote, and related-party transactions. Independent director Annemarie Tierney resigned in December 2025, having previously raised issues regarding potential conflicts of interest and related-party transactions with management. SkyAI, formerly Sharps Technology, established its Solana treasury in August 2025 through a PIPE financing round raising over $400 million. The company currently holds approximately 2 million SOL, with a current market value of around $59 million. Its stock price has declined approximately 86% over the past year.

Odaily News "White-haired Stock God" Serenity posted on X, expressing optimism about storage chip maker Elite Semiconductor Memory Technology (ESMT, 3006) over the coming months, suggesting its trajectory could mirror the strong rally seen in SanDisk (SNDK).Serenity noted that a single DDR2 memory chip currently costs around $0.96. If the ASP (average selling price) triples, the cost per chip would increase by roughly $2. While this cost increase remains relatively limited for end products, sustained price hikes in memory products could have a significant impact on ESMT's own profitability. Additionally, SLC NAND is expected to see ASP increases of 120% to 170% in the second half of the year, with NOR Flash and other products also facing pricing upside expectations.Serenity stated that based on July performance, ESMT's current monthly net profit stands at approximately $111 million, with a market cap of around $2.8 billion, and believes there remains substantial room for valuation re-rating. Serenity noted that ESMT's current situation reminds them of early-stage SanDisk, but this opportunity is primarily concentrated in the legacy and specialty memory market.

According to data from South Korea's securities information portal, between September 1 and 4, Korean individual investors significantly reduced their holdings in multiple U.S. semiconductor stocks while rotating into leveraged semiconductor ETFs. During this period, Korean retail investors net sold over $100 million worth of Micron, $68.61 million of SanDisk, $49.37 million of Marvell Technology, and $15.56 million of Nvidia. SK Hynix's ADR, which debuted on the NYSE in July, also saw net selling of $46.16 million during the same period, following cumulative net purchases of $811 million through the end of August.Conversely, Korean retail investors net purchased $431 million of SOXL (Direxion Daily Semiconductor Bull 3X Shares), which aims to deliver 3x the daily return of the Philadelphia Semiconductor Index.Market analysts suggest that this "selling individual stocks, buying the sector" approach may reflect Korean retail investors reducing single-chipmaker exposure risk while continuing to bet on upside in the broader semiconductor sector. After the sharp rally in semiconductor stocks, some investors may be taking profits at the individual stock level while maintaining or even expanding their overall semiconductor exposure through leveraged ETFs. (Daum)

Odaily News, Four.Meme announced that its Stock Meme product has added 4 new trading pairs, including: Fluence Energy ($FLNCb), Trump Media & Technology Group ($DJTb), Moderna ($MRNAb), and Robinhood ($HOODb). Four.Meme stated that it will further expand the range of stock assets available for Meme issuance in the future.

Odaily News – The transaction was completed on September 1, with Kiavi being one of the largest residential real estate investor lending platforms in the United States. Figure Technology Solutions confirmed the completion of the deal through its announcement and the 8-K filing submitted to the U.S. Securities and Exchange Commission. According to the earlier announcement, Kiavi is expected to contribute over $7 billion in new first-lien mortgage volume to Figure Connect annually, while driving more than $100 million in monthly capital inflows into Democratized Prime, Figure's on-chain lending platform.

1. Nvidia is set to face its earnings test, with Wall Street expecting Q2 fiscal revenue to exceed $92 billion;2. BlackRock lowers the threshold for converting BTC to IBIT to $1 million, while Bitwise's related threshold drops to $3 million;3. Mainland existing investors are being phased out: HSBC Hong Kong requires relevant clients to confirm the source of funds by September 12;4. Wintermute significantly reduces its short exposure on Hyperliquid by over $131 million, with unrealized losses of $568,800 on HYPE short positions;5. Bank of America's unrealized losses on investment securities reach $326.7 billion, rising for two consecutive quarters;6. Citi expects Korean companies' global equity and debt financing to hit a record high in 2026;7. Cumulative top-ups via stablecoin cards reach $13.8 billion, with USDC leading consumer spending volumes;8. Machi responds to rumors of an 84x surge in his portfolio: fake news;9. Binance to add Trump Media & Technology Group (DJTB) as a margin collateral asset;10. Recent Bitcoin long positions remain stable while shorts continue to reduce their positions.