Crypto wallet provider Exodus swung from profitability to a $18.6 million net loss in the second quarter, with its management expenses surging 138% year-over-year.

Recent job postings from Apple and Google both cover stablecoins, tokenized deposits, and blockchain technology, indicating the two companies are expanding their talent reserves in the digital asset space. Apple is hiring a Head of Financial Product Strategy for Apple Pay in New York, responsible for evaluating strategies, business models, and partnership opportunities for products like Apple Card and Apple Cash. The job description lists "stablecoins, tokenized deposits, and blockchain technology" as preferred qualifications, though the posting does not indicate Apple plans to integrate stablecoins into Apple Pay or Apple Cash. Google Cloud, meanwhile, is hiring a Chief Architect for the Web3 industry in Hong Kong, tasked with serving blockchain foundations, institutional exchanges, digital asset custodians, real-world asset (RWA) tokenized financial institutions, and decentralized application (DApp) developers across the Asia-Pacific region. The job requirements include familiarity with stablecoin payment systems, tokenized deposits, custodial systems, blockchain validators, and smart contracts, among other related areas. To date, neither company has announced new stablecoin or blockchain products.

U.S. Securities and Exchange Commission (SEC) Crypto Working Group Chief Counsel Taylor Lindman stated that the first tokenized stock trading platforms based on the SEC’s "innovation exemption" could begin preparations and submit relevant notifications as early as the fourth quarter of 2026. In an interview with *Crypto In America*, Lindman noted that relevant companies are expected to release operational plan notices in the coming months, with the first applications possibly emerging "sometime next quarter". Last week, the SEC introduced a 5-year conditional exemption allowing eligible platforms to trade tokenized U.S. stocks on public blockchains via automated market makers (AMMs) and liquidity pools. Lindman added that these platforms are closer to "on-chain finance" than pure decentralized finance (DeFi), as they still require clear operating entities to bear compliance responsibilities. SEC Commissioner Hester Peirce said current caps on the number of tradable stocks and trading volumes are sufficient to support commercial operations rather than just technical testing; if the limits become a growth barrier in the future, the SEC can adjust them. Furthermore, the exemption requires platforms to provide relevant listed companies with a 30-day objection period before offering tokenized versions of their stocks issued by third parties. Peirce expressed her expectation that issuers as a whole will maintain strong interest in the tokenized stock market.

According to HTX market data, AVAX has recently rallied strongly alongside Bitcoin, surging from roughly $7.5 to above $11 over the past week, marking a 50% cumulative gain, hitting an 8-month high, with trading volume expanding in tandem. On the news front, Avalanche is set to roll out the Helicon mainnet upgrade on September 22, which will slash the minimum staking lock-up period from 14 days to 48 hours, introduce auto-renewing staking, and raise validator uptime requirements—measures expected to enhance capital flexibility and staking efficiency. Meanwhile, the market continues to price in its institutional tokenization narrative: ICE and Ava Labs are collaborating on 24/7 trading infrastructure for tokenized U.S. stocks, ETFs and other assets; New York Life Investment Management plans to launch a tokenized U.S. high-yield corporate bond fund on Avalanche via Centrifuge. Institutional moves from Paxos, Aave and Janus Henderson have further boosted market expectations for the Avalanche ecosystem’s compliance and real-world asset (RWA) applications.

According to monitoring by crypto analytics account AI Auntie, a mysterious entity has been purchasing ETH for five consecutive days since September 18, building a cumulative position of approximately 21,520 ETH worth around $55.8 million. The entity started buying ETH in batches at roughly $2,450, with its latest purchase price reaching $2,762, and its current average position price stands at about $2,593. Calculated at current prices, this ETH holding has generated an unrealized profit of approximately $3.25 million.

Beating AI News Flash: According to market sources, Alibaba plans to train an AI model with 5 trillion to 10 trillion parameters. Alibaba CEO Wu Yongming stated at the Yunqi Conference that current customer demand for AI is extremely strong, and the company will fully invest in AI infrastructure construction, targeting to operate a global data center scale exceeding 20GW for Alibaba Cloud by 2032. On the same day, Pingtouge launched its most powerful domestically produced AI chip, the Zhenwu V900, whose computing power is three times that of the Zhenwu M890. It is reported that Pingtouge’s annual shipments of AI chips will rise significantly.

According to TradingBeats’ monitoring, an address starting with 0xf517 on Hyperliquid added a $25 million regular limit sell order for BTC at $89,444 this morning, intending to sell 279.50 BTC. It also kept a $6.25 million take-profit order at $88,777, with total non-position-reduction sell orders above this level totaling roughly $30.5 million. As of press time, the address still holds the long position, with an average entry price of ~$81,273.5, position value of ~$6.034 million, and unrealized profit of ~$312,000. No BTC trades have been executed today so far. If the position and orders remain unchanged and filled, the address will flip from long to short, opening a maximum short position of ~341.38 BTC. Meanwhile, the address still holds regular buy orders worth ~$47.196 million in the $67,777–$78,777 range, including a ~$20 million order at the $78,777 level.