The US Treasury Department Meets with Three Crypto Companies to Discuss Bitcoin Reserve Custody Solution

According to GMGN data, BSC-based token 4Stock hit a $15 million market cap within two and a half hours of its launch, currently trading at $15.2 million with a trading volume of $15.4 million. BlockBeats Note: Meme coins are highly volatile, driven largely by market sentiment and conceptual hype, with no real inherent value or practical utility. Investors are advised to exercise caution.

According to GMGN data, the token 4Stock on Binance Smart Chain (BSC) surged to a $19 million market cap within two and a half hours of its launch, peaking at $19.78 million, and is now trading at $17.68 million with a trading volume of $17.2 million.

The Swedish Tax Agency is collecting approximately 540 million Swedish kronor (around $56.5 million) in back taxes and penalties from six cryptocurrency mining companies based in Boden, a northern Swedish city. An investigation found the firms used complex corporate structures to conceal their actual crypto mining operations, in order to access tax breaks originally reserved for general data processing centers. Patrik Lillqvist, head of the tax agency’s intelligence division, stated that the firms employed special arrangements to hide their mining activities to secure tax benefits they were not eligible for. The action is part of the agency’s industry audit running from 2024 to 2026; nationwide, nine crypto firms are being pursued for over $50 million in unpaid taxes and penalties, with the six Boden-based companies making up the vast majority. Some of the involved firms have filed appeals, but the Swedish Administrative Court and Court of Appeal have previously upheld the tax authority’s determinations. Notably, Bikupan Datacenter has entered financial restructuring due to its inability to meet tax obligations, and is now appealing the case to the Swedish Supreme Administrative Court.

According to GMGN data, the meme tokenized stock BNC4 on BSC briefly surged past $5 million in market capitalization, now trading at $4.21 million, with a trading volume of $40.7 million in just over two hours after launch. According to data from BIT (bit.com), BNC — the US stock corresponding to BNC4 and backed by BNB's treasury — rose 15.19% in overnight trading.

According to Huobi HTX’s latest Merkle Tree Proof of Reserves (PoR) data, as of September 1, 2026 (UTC+8), the reserve ratios of all the platform’s mainstream assets remain above 100%. The platform continues to safeguard user asset security with sufficient reserves and commits to 100% redemption, ensuring users can trade and withdraw funds at any time. As one of the early industry platforms to consistently disclose Merkle Tree Proof of Reserves, Huobi HTX has publicly released PoR data for 47 consecutive months, enhancing platform transparency through long-term, verifiable practices. The specific updated reserve ratios are as follows: BTC (104%), ETH (102%), TRX (109%), USDs (102%), HTX (103%), XRP (104%), DOGE (101%), and SOL (103%). Users can view the details on Huobi HTX’s official website via the "Assets - Reserve Proof Report" page. Going forward, Huobi HTX will continue to uphold the 1:1 reserve principle, leveraging verifiable data, traceable on-chain assets, and regular information disclosures to enable users to see reserves, verify assets, and trade with greater peace of mind.

According to an official announcement, Bitget has launched a SOFTBANK stock perpetual contract. The USDT-settled contract offers up to 20x leverage and supports 24/7 trading. As of now, Bitget supports a total of 305 stock perpetual contract underlyings.