Odaily News: Binance will gradually migrate crypto assets from users' funding accounts to spot accounts starting from September 29, 2026, with the process expected to continue until January 2027. Specific dates will be announced separately. After the migration is completed, the funding account will be renamed to a stock account, to be used solely for stock and stock options trading settlement.

Odaily reports that approximately $1.81 billion worth of BTC and ETH options will expire this Friday. The overall put/call ratio for BTC options currently stands at 0.66, with a 24-hour trading volume put/call ratio of 0.37; the open interest put/call ratio for ETH options is 0.61, with a 24-hour trading volume put/call ratio of 0.55. Both BTC and ETH options positions are now clearly skewed toward bullish bets, with recent trading further tilting toward call options. BTC call option open interest is mainly concentrated at the $90,000 and $100,000 strike prices, while ETH call option interest is distributed across the $3,000 to $4,000 range.

1. CZ participated in the BNC renaming community vote, supporting "BNB Standard";2. Two long positions profited $1.591 million, with a certain address achieving a 991.1% return on a 10x UNI position held for 25 days;3. Continuing to hit new highs, Solana ecosystem token PAID's market cap briefly touched $36 million;4. Binance will list 7 USDT-margined perpetual contracts including PATH and AMC;5. Helius co-founder: Privacy mechanisms are the foundation for Zcash to become a superior monetary asset;6. NYSE Arca filed with the US SEC to list binary KPI options, with underlying assets covering earnings metrics of companies including Coinbase;7. Worth $190 million, a related address plans to go long on 2,450 BTC at $78,000;8. Most crypto, optical module, and storage sectors rose in US pre-market trading;9. QCP: Bitcoin has successively absorbed the impacts of CLARITY setbacks and Fed rate hikes, with ETF flows turning to net inflows;10. After losing $13 million and then recovering, a certain whale's UNI position shows an unrealized profit of $293,000.

Odaily News: Bybit today officially launched TradFi Perp Option, using stock perpetual contracts as the underlying asset, combining options structures with the crypto market's round-the-clock liquidity to fill the gap in traditional financial options in terms of trading hours and accessibility.The product initially supports TSLA and NVDA (starting September 17), and will expand to QQQ, SOXL, MU, SKHY, SPCX, SNDK, and other underlying assets.The product is a European-style option with a fixed expiry date, but unlike traditional stock options, it enables 24/7 round-the-clock trading, covering U.S. stock pre-market, after-hours, and weekend sessions; it uses USDT cash settlement, requiring no physical stock holdings or brokerage account binding; the contract multiplier is 1, supporting fractional trading, completely breaking the 100-shares-per-contract threshold limitation of traditional options.In terms of capital efficiency, TradFi Perp Option supports Portfolio Margin mode, where buy and sell legs are automatically hedged under spread combinations, and margin is calculated on a net risk basis, significantly improving capital utilization efficiency. Users can seamlessly run complete options strategies including naked buy/sell Call/Put, spreads, straddles, and more through the same Bybit UTA account.The current non-VIP fee rate is 0.0300% Maker/Taker (promotional rate until the end of December), and the App version needs to be upgraded to 5.25.0 or above.

Odaily News: NYSE Arca has submitted a rule change filing to the US SEC, seeking to list binary KPI options. The product uses key operating metrics from corporate earnings reports as its underlying benchmarks and employs an all-or-nothing binary cash settlement method.The first batch is proposed to include 23 companies, covering Coinbase's transaction revenue, trading volume, and subscription revenue, as well as Marathon Digital Holdings' Bitcoin production, holdings, and hash rate, among other metrics. The product allows investors to trade on individual earnings metrics, with a mechanism that bears some similarity to prediction markets.ChatGPT may make mistakes. Please verify important information.

Odaily News: According to market sources, Coreweave plans to issue $3 billion in convertible senior notes.

1. Serenity backs AI stock guru Leopold: SanDisk and SK Hynix have strong fundamentals and may see a "reverse Jim Cramer" rally;2. Approximately $16.6 billion in Bitcoin and Ethereum options will expire in Q3, with bullish positions dominating;3. Galaxy Digital founder: If the Clarity Act fails to advance tomorrow, it may force more crypto industry companies to relocate overseas;4. Planning to buy $28.625 million worth of SKHX, a whale plans to re-enter longs below $1,160;5. Multicoin Capital again deposits 333,200 HYPE worth $26.73 million to Coinbase Prime;6. Binance launches ETF wealth management, supporting 11 U.S. stock ETFs;7. AMC CEO once again blasts Robinhood stock tokens and meme coins, calling them "shameless" and alleging trademark infringement.

Odaily News: Approximately $16.6 billion in Bitcoin and Ethereum options positions are set to expire in the third quarter of 2026. Of this, Bitcoin options have a notional value of about $14.73 billion, with 186,000 open contracts, a put-to-call ratio of 0.52, and a max pain point of $72,000; Ethereum options have a notional value of about $1.92 billion, with 756,100 open contracts, a put-to-call ratio of 0.57, and a max pain point of $2,200. Bitcoin call options are mainly concentrated around $70,000, with relatively large open interest also near $85,000, $90,000, and $100,000; Ethereum call options show the highest concentration at $30,000, with about 43,000 contracts.

Odaily reports: Bitcoin futures open interest stands at 676,820 BTC, valued at $52.64 billion. Binance Bitcoin futures open interest reached 142,870 BTC, valued at $11.11 billion, accounting for 21.1% of the total.Bitcoin options call open interest stands at 305,530.06 BTC, accounting for 61.39%; put open interest is 192,126.29 BTC, accounting for 38.61%. The 25-delta skew turned positive on August 20, marking the first time in 12 months. (Bitcoin.com News)

Odaily News: Robinhood co-founder Vlad Tenev published a long-form article this morning outlining Robinhood's vision of enabling global investors (especially non-U.S. users) to gain exposure to U.S. stocks and ETFs through blockchain, and focused on the question of whether issuers need to consent to their stocks being tokenized.Vlad Tenev argues that publicly traded company shares are freely transferable personal property, and owners should have the right to decide how to hold and use them. The company that issues the stock controls the rights attached to the securities it issues, but it does not control all third-party financial products built around those securities, and there is already precedent for this in financial markets: unsponsored ADRs, options, and structured products. Therefore, if a product changes the rights of the underlying shares, replaces the company's official shareholder register, or imposes new obligations on the company/transfer agent, then issuer involvement is required. If it merely creates an independent financial instrument that holds or references freely transferable shares on a 1:1 basis, without changing the issuer's rights, obligations, or authoritative shareholder records, then issuer consent is not required.Robinhood adopts a model of third-party issuance of independent instruments backed 1:1 by underlying shares. Putting stocks on-chain should not grant issuers veto rights they did not previously have, nor should it prevent new investors from entering simply because issuers do not understand new technology.Last week, AMC's CEO criticized the "synthetic equity market" established by Robinhood as potentially decoupling stock token trading from listed companies' financing arrangements, and demanded that Vlad Tenev and Robinhood voluntarily stop AMC stock token trading. The related debate sparked heated discussion in both the crypto and stock communities.