Odaily News: A HyperLiquid contract involving Chinese asset ChangXin Memory Technologies has drawn attention from the domestic market. Analysts believe that the cryptocurrency trading market is undergoing structural divergence, with traditional centralized exchanges facing regulatory pressure, while decentralized offshore trading platforms are entering a phase of rapid development through mechanism innovation, scenario expansion, and traffic growth.

Odaily News: Starcloud plans to build a space-based Bitcoin mining facility before the end of this year and activate ASIC miners dedicated to cryptocurrency mining after its second spacecraft enters orbit later this year. Starcloud CEO Philip Johnston stated that the team will become the first to mine Bitcoin in space.

Odaily reports that Russian Deputy Finance Minister Ivan Chebeskov stated that Russia has approximately 20 million cryptocurrency users, with citizens holding cryptocurrencies and related financial products totaling around $44 billion, and daily trading volume of about $595 million.Russia is advancing comprehensive regulation to clarify the rights and responsibilities of service providers, intermediaries, and investors; it plans to pursue criminal liability for illegally organized cryptocurrency trading activities starting July 1, 2027, while ordinary individual transactions are excluded. The Ministry of Finance and the Central Bank are studying the operational models and application scenarios of domestic stablecoins; if assets such as USDT and USDC are frozen due to actions by foreign issuers and Russian custodians are not at fault, related losses will in principle be borne by investors.

Odaily News: Cambodia has for the first time publicly revealed the internal operations of the scam compound "Park 8," the largest fraud city in Cambodia, capable of housing up to 20,000 workers who have been trafficked and forced to engage in online fraud. It is operated by the Cambodian company Legend Innovation.Blockchain analytics firm Elliptic found that the operating company is linked to Prince Group. Legend Innovation is alleged to have connections to the US- and UK-sanctioned Prince Group through company phone numbers, director activities, and related business records. Specifically, the phone number registered to Legend Innovation previously appeared in the records of a real estate company allegedly belonging to the Prince Group network. A Huione Pay physical store was once operating inside the compound, allowing people to exchange cryptocurrency and cash, while Huione Logistics was alleged to provide freight services between Thailand, Vietnam, Cambodia, and the compound. (Caixin)

Odaily News: Coinbase posted on X that Coinbase for Agents now supports AI agents in accessing stocks, cryptocurrencies, and derivatives markets. With the x402 payment feature, AI agents can pay for market data fees while executing user instructions.

Odaily News: Infini is a stablecoin payment platform. This funding round saw participation from SNZ, Reforge, Enlight Capital, Nordic Digital Ventures, Fortwest, and Vernal. The funds will be used to expand its global payment network, support more markets, currencies, and payment methods, and strengthen compliance, licensing, and risk control. The Infini App is now live, and the company is refining its global accounts, stablecoin payments, and everyday spending features. It also plans to further develop AI Agent and financial systems, integrating cash flow analysis, bookkeeping, approvals, and payments.

Odaily News: The People's Bank of China stated in its financial education campaign that virtual currencies such as Bitcoin, Ethereum, and Tether do not have legal tender status and cannot be circulated as currency; conducting virtual currency-related businesses within China constitutes illegal financial activity and is strictly prohibited.Without approval from relevant authorities, domestic entities and offshore entities under their control may not issue virtual currencies overseas, and no entity or individual, domestic or foreign, may issue RMB-pegged stablecoins offshore. The People's Bank of China reminds the public not to participate in virtual currency issuance, trading, investment, or mining activities, to be vigilant against high-yield investment scams, and to avoid renting out bank cards or payment accounts, or buying and selling virtual currencies for money laundering purposes as instructed by others.

Odaily News: Russian Prime Minister Mikhail Mishustin stated that as of September 1, the circulation of cryptocurrencies within Russia has been legalized, with the relevant law signed into effect by the President.

Odaily reports that Bernstein expects prediction market annual trading volume to reach $10 trillion by 2035, with an estimated $410 billion in 2026. Crypto, equities, and commodities trading volume is expected to surpass sports-related trading before 2035, accounting for 49% of total trading volume. (The Block)

Odaily reports that Robinhood CEO Vlad Tenev stated that cryptocurrency-related prediction contracts are taking an increasingly large share of Robinhood's prediction market, and he expects sports-related contracts may decline to a minority within the next few years. Robinhood's event contract revenue in the second quarter of 2026 grew more than 10x year-over-year to $156 million, with contract trading volume reaching 4.7 billion trades in August, approximately 15 times that of the same period in 2025. Robinhood currently builds its prediction market on Kalshi and provides related services through Rothera, a joint venture established with Susquehanna, while also having taken a stake in Crypto.com and its prediction market subsidiary OG.com.