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According to CoinDesk, the index provider MSCI has launched a new round of consultations, proposing to exclude so-called "non-operating companies" from its Global Investable Market Indexes. This classification will no longer use the proportion of crypto assets as the sole threshold but will adopt a two-step screening process: first, it will check whether operating assets exceed 50% of total assets; those that do not pass will then be assessed based on five financial ratios: operating asset intensity, expense intensity, cash flow, fair value intensity, and capital dependence. If at least four of these do not meet the standards, they will not qualify for inclusion.If the current data is applied to the MSCI ACWI IMI Index, Bitcoin-holding companies Strategy (MSTR), Metaplanet (3350), and uranium holder Yellow Cake will be excluded. Strategy has cumulatively held approximately 840,400 BTC since 2020, while Metaplanet holds about 43,000 BTC. MSCI's description of "non-operating companies" refers to businesses that create value by accumulating and holding non-operating assets, have limited operating cash flow, and rely on external financing for expansion.The consultation for collecting opinions will end on September 30, with results expected to be announced around October 16; even if approved, the related adjustments will not take effect until the index review in November 2026 at the earliest. Previously, a consultation in October 2025 regarding "digital asset treasury" companies, which set a standard of 50% for crypto asset proportion, had caused market fluctuations and industry opposition, ultimately being postponed.

According to official news, Gate will upgrade the Gate Card points reward program on August 14, 2026. After the upgrade, the assets that can be redeemed with Gate Card points will expand from primarily supporting USDT and GT to include USDT, GT, BTC, ETH, GUSD, as well as tokenized stock assets such as NVDAG, AAPLG, GOOGLG, SPCXG, TSLAG, MUG, SNDKG, and SKHYG, corresponding to Nvidia, Apple, Google, SpaceX, Tesla, Micron Technology, SanDisk, and SK Hynix. The newly added tokenized stock assets cover several popular fields such as AI, semiconductors, and consumer technology. After earning points through eligible daily spending, users can redeem mainstream crypto assets like BTC and ETH according to their preferences, or they can redeem corresponding tokenized stock assets like Nvidia, Apple, Tesla, and SpaceX. In addition, Gate Card points will also support the redemption of gold-backed stablecoins (XAUT), effectively enriching users' options for point redemption.The redemption ratio for Gate Card points remains at 100 points = 1 USDT equivalent asset, and points are permanently valid, with other core rules unchanged. Users can still earn cashback points through eligible Gate Card spending, with the cashback ratio continuing to be calculated based on the user's T0--T5 / VIP level. This upgrade will not affect the existing point acquisition mechanism but will provide users with more asset choices at the redemption end, expanding the application scenarios for Gate Card points. By upgrading the points reward program, Gate Card will further connect payment consumption with asset accumulation, offering users richer rights options and a more flexible asset management experience.

Citigroup CEO Jane Fraser stated that although she remains concerned about how the CLARITY Act handles the rewards mechanism for stablecoins, overall, she hopes the bill will pass and believes it will benefit the financial system. Fraser indicated that Citigroup is still pushing for improvements to the bill.Fraser pointed out that if stablecoin platforms can offer rewards for user deposits, it may lead to a loss of deposits in traditional banks, thereby weakening banks' ability to provide loans and credit services in certain regions of the United States. Currently, the bill stipulates that platforms cannot offer rewards solely for users holding stablecoins, but they can provide rewards for trading and payment activities. This issue remains at the core of the controversy between the banking industry and the cryptocurrency sector as the bill progresses.

ChianCatcher news, Ethena announced a partnership with digital asset prime broker FalconX, becoming its institutional lending partner. As part of the collaboration, Ethena will include stablecoin lending arrangements as part of its institutional lending configuration, investing in FalconX through over-collateralization.FalconX can use this to expand its balance sheet, while Ethena benefits from FalconX's expertise in loan origination and secured lending, thus obtaining risk-adjusted terms superior to other channels.

ChianCatcher news, Circle's Senior Director of Strategy and Policy for the EU, Patrick Hansen, pointed out in a tweet that among the approximately 23 authorized electronic money token (EMT) issuers in the EU, only 9 have been granted permission to provide crypto asset services (CASP). This means that only these 9 can offer custody and transfer services for the stablecoins they issue, while the remaining 14 can only mint or burn tokens directly to customer wallets and cannot hold or send stablecoins on behalf of customers. This greatly limits the range of services that issuers can provide.Hansen stated that Circle has obtained the necessary CASP approval through the MiCA Article 60 notification procedure to provide custody or payment services related to USDC and EURC for institutional clients. He expressed surprise that more EMT issuers have not taken this step. The 9 that can currently offer some crypto asset services include Circle, Société Générale - Forge, CACEIS Bank, Banking Circle, Bridge, Fiat Republic, Newrails, Blue EMI, and Stable Mint.

Korean BC Card announced that it has completed the "Overseas Digital Asset Wallet - Connection of Korean Local Bank Card Payment Infrastructure" pilot test with Coinbase and Wavebridge.The test verified that foreign tourists can directly use USDC in their wallets to make payments at Korean BC QR merchants, achieving a full process linkage from stablecoin payment to Korean won settlement.

According to CoinDesk, the privacy blockchain project Miden plans to launch the privacy stablecoin USDCx, which is natively issued on the Miden network based on Circle's xReserve infrastructure, maintaining a 1:1 peg with USDC. When users hold and transfer USDCx, their balances, counterparties, or transaction histories will not be publicly exposed, but selective information disclosure will be supported for compliance needs.The stablecoin is expected to launch in sync with the Miden mainnet, which is targeted to start at the end of this month. Miden views USDCx as the foundation of its "PriFi" privacy finance direction, covering scenarios such as institutional trading, B2B payments, payroll management, and cross-border payments, aiming to address the pain points of achieving both transparency and compliance in institutional finance on public blockchains. Previously, in April last year, it was reported that Miden completed a $25 million seed round of financing, led by a16z Crypto along with Hack VC and 1kx.

HashKey has become the authorized distributor of the Anchorpoint Hong Kong Dollar stablecoin HKDAP, launched beta testing, and completed the first minting and redemption transaction.

According to Cointelegraph, the European Securities and Markets Authority (ESMA) updated the MiCA registration list this Wednesday, with the Slovenian electronic money institution Dinaro officially joining the list of electronic money token (EMT) issuers, becoming the first institution from Slovenia to enter this list. Dinaro is regulated by the Bank of Slovenia and provides payment services including issuing and acquiring, and holds principal membership with Mastercard.After this update, the total number of EMT registrations has reached 43, the asset-referenced token (ART) list remains empty, and the list of non-compliant entities remains unchanged at 167. In terms of crypto asset service provider (CASP) registrations, the Czech Partners Banka and Germany's Volksbank Beilstein-Ilsfeld-Abstatt have been added, bringing the total number of registrations to 325; the Czech company Altlift, which was added to the list in early July, has been removed.

According to The Block, Standard Chartered Bank's subsidiary Anchorpoint officially launched the first phase of the Hong Kong dollar stablecoin HKDAP on Wednesday, opening test access to institutional distributors and professional investors.Anchorpoint was jointly established by Standard Chartered Bank, HKT, and Animoca Brands, and received a stablecoin issuance license from the Hong Kong Monetary Authority (HKMA) in April this year, making it one of the first licensed institutions.

The Bank of England (BOE) has entered the second phase of the digital pound project, testing whether publicly issued stablecoins can operate in conjunction with central bank currency within a single payment process for trade finance.BOE will collaborate with NOBO Finance, Dun & Bradstreet, and Polygon Labs in the digital pound laboratory to explore the establishment of reusable credit profiles for small businesses and to study the use of stablecoins in conjunction with potential digital pounds in invoice factoring. The related experiments do not involve real customers or funds and aim to provide a reference for BOE and the UK Treasury to assess the interoperability of different forms of digital currency.

AI security startup Attestable has officially announced its establishment and completed a $20 million seed round financing. This round of financing was led by Jamin Ball of Altimeter Capital and Yonatan Mandelbaum of TLV Partners, with participation from institutions such as Halcyon Futures, Cerca Partners, and several investors.Attestable founder Yogi stated that as AI gradually enters critical infrastructure, national security, and large enterprise systems, how to verify the credibility of AI operations has become an important issue faced globally. The company aims to build a universal verification layer for cutting-edge AI laboratories, critical infrastructure, and national-level applications.According to reports, Attestable uses Zero-Knowledge Proof technology to shift trust in AI systems from data centers to mathematical verification mechanisms. This technology can prove that a certain approved model, model weights, input data, and operational strategies indeed generated specific outputs, while not disclosing model parameters or user privacy data, and without needing to rerun the model for verification.Attestable stated that its technology has currently achieved verification inference of the Meta Muse Glimmer 30B model on a single NVIDIA H100 GPU, reaching a speed of 85 tokens per second. The generated proof documents are small and possess quantum-resistant characteristics, allowing for rapid verification.In response, Ethereum co-founder Vitalik Buterin commented, stating that this achievement means the performance loss of Zero-Knowledge Proofs for large language models is approaching single-digit levels. He noted that the next challenge is to further reduce the performance overhead of technologies such as Fully Homomorphic Encryption (FHE).

Morph Network officially announces the launch of Morph Payments, positioned as an enterprise-level stablecoin payment platform for global businesses. Enterprises can register via email and generate payment links, while customers can use any wallet and network to pay with stablecoins, with funds arriving within seconds. The recipient can choose their preferred network for receiving payments.The payment side supports single or bulk payments to suppliers, employees, or contractors. Morph Network states that the platform is aimed at real business scenarios, covering the global flow of funds from receiving to paying.

Stablecoin card issuance and payment platform Rain announced the acquisition of the branded stored value and closed-loop payment platform Ansa. The Ansa team will join Rain, and its founder and CEO Sophia Goldberg will serve as the head of payments at Rain.Ansa provides merchants with branded prepaid wallets and incentive tools, supporting the use of stored value balances through Mastercard rails at existing POS terminals. Rain plans to combine its own Visa and Mastercard issuance capabilities to expand stored value balances to more merchant scenarios and integrate with wallets, rewards, and stablecoin functionalities. Ansa previously raised approximately $19.4 million.

According to Digital Asset, LG CNS, an IT service company under South Korea's LG Group, plans to launch a brand new blockchain service in September, specifically targeting the stablecoin ecosystem, covering core functions such as digital wallets, transaction processing, fee payment, and on-chain data management.Lee Jung-hwa, head of the blockchain department at LG CNS, stated that wallets are the most important infrastructure in the stablecoin ecosystem. In the future, whoever controls the wallets and the fiat currency entry and exit channels will occupy a key position. The company has previously accumulated technology related to CBDC and deposit tokens by participating in the Bank of Korea's "Project Hangang" and has verified various on-chain settlement models in experiments.

Trader Ansem (@blknoiz06) posted on the X platform stating that currently, there are tens of billions of dollars in stablecoin funds on-chain waiting to re-enter the risk asset market. Ansem believes that in the coming weeks, market participants will gradually realize that mainstream crypto assets (Majors) do not need to reach new historical highs, and capital rotation may occur earlier.He stated that as stablecoin funds flow back into the risk asset market, the market may welcome a stronger upward trend.

According to CoinDesk, Bitwise Research Director Ryan Rasmussen stated that as the stablecoin market expands to a scale of trillions of dollars, Circle's value is underestimated by the market. Rasmussen expects the stablecoin market to grow from about $300 billion to $3 to $5 trillion, with Circle having a first-mover advantage due to its existing market share as U.S. stablecoin regulations take shape.He believes that Circle will not only become a stablecoin giant but also a payment giant—its payment infrastructure under construction will play a key role in a stablecoin-driven financial system, yet investors are still too focused on its reserve business. Rasmussen compared Circle's potential development trajectory to that of Visa and Mastercard, arguing that the entry of banks and other giants is not a major threat, as the pace of market expansion is sufficient for Circle to maintain growth. He mentioned that Circle's Arc blockchain will test whether it can expand from stablecoin issuance to the payment infrastructure sector, with the key in the coming year being how its economic model changes with the adoption of stablecoins and the development of infrastructure.

Sui posted on platform X, stating that Tessera provides a closed invoice settlement network for enterprises, and participating enterprises can join after passing KYC verification. The blockchain will display the payer, payee, and payment time, with the settlement amount shown as ▦▦▦.

CryptoQuant analyst Darkfost stated that since May, the total market capitalization of stablecoins has lost nearly $15 billion, decreasing from about $280 billion to $266 billion.From October last year to May this year, the market capitalization remained stagnant, indicating that there has been no liquidity inflow or insufficient liquidity. Now, even though Bitcoin's price has stabilized, demand has not recovered, and this weakness hinders the rebound of Bitcoin's price. In contrast, the decline in the market capitalization of stablecoins indicates that liquidity in the crypto market is actually draining away.