Bitget’s User Protection Fund has been replenished to over $300 million.

On September 1, the U.S. Securities and Exchange Commission (SEC) proposed its first major update to transfer agent rules since the late 1970s, explicitly including the use of blockchain technology by transfer agents in securities issuance and share transfers within its scope of consideration. This is not a full endorsement of tokenization, but rather a recognition of blockchain’s role in securities registration. If ownership data is stored separately in token wrappers, special purpose vehicles (SPVs), broker-dealers’ internal ledgers, and transfer agents’ off-chain databases, the market could face a repeat of the 1960s “paperwork crisis.” He argues that tokens themselves should serve as the official registration records for securities, rather than acting merely as digital wrappers for off-chain securities. Fairmint recommends that the SEC require filings to distinguish between native on-chain registration and third-party wrapper models, allow modern identification methods such as digital identities, cryptographic credentials, and wallets, and recognize compliance restrictions enforced via smart contracts. Public blockchains can serve as official records, but wallet addresses cannot replace regulated transfer agents.

Against the backdrop of growing calls for regulation of prediction markets, Polymarket has rolled out a series of user protection and anti-addiction measures. Users can now set non-immediately-revocable deposit limits to control spending and potential losses, and also add themselves to temporary or permanent "self-exclusion lists" to suspend platform use. Polymarket has also partnered with online gambling addiction treatment provider Birches Health to offer mental health resources to users exhibiting "compulsive financial trading behaviors". Malea Otranto, Polymarket’s global head of security, said the company will track usage of these tools and may adjust them based on their actual effectiveness. Prediction markets are classified as financial markets regulated by the U.S. Commodity Futures Trading Commission (CFTC), so they are not required to follow consumer protection rules set by individual U.S. states for sports betting platforms. Data from TickerTracker shows that sports market and parlay betting transactions account for over 98% of Polymarket’s U.S. platform trading volume this month. New York State has sued Polymarket, seeking to shut down its operations; Polymarket has denied any wrongdoing and filed a counterclaim in federal court.

Former New York Governor and OKX board member Andrew Cuomo warned that if Democrats win control of Congress in the midterm elections, the crypto industry’s current regulatory progress could be overturned. He noted that interim rules drafted by regulators are far more fragile than legislation, stressing that “regulation is not legislation”. Earlier, the Senate on September 15 rejected the CLARITY Act—legislation intended to establish federal rules for the crypto market—by a vote of 49 in favor to 50 against, falling short of the 60-vote threshold needed for passage. On September 17, the U.S. Securities and Exchange Commission (SEC) granted a five-year exemption for tokenized stock trading. Cuomo anticipates the new Congress will conduct strict reviews of such agency rules, and expressed hope that relevant legislation could be passed by a lame-duck session or before January 1 next year.

Beating AI News Flash: Y Combinator (YC) startup InsForge has launched InstaCloud, announcing an $8 million seed financing round. A serverless cloud platform built for AI coding agents, InstaCloud enables tools like Claude Code and Cursor to directly deploy and run applications, offloading much of the previously manual DevOps work to agents. InstaCloud’s computing services auto-scale with traffic, shrinking to zero during idle periods—eliminating the need to pre-select machine specifications. Agents can create services, deploy code, view logs, and manage databases and storage via CLI or MCP. Its standout feature is "environment branching": Agents can replicate full stacks (Postgres, object storage, application containers) into isolated environments for code edits, database migrations, and testing. If issues arise, the branch can be deleted without impacting production, and critical operations can require manual approval. Co-founder and CEO Hang Huang directly stated InstaCloud’s goal to "disrupt AWS, GCP, and Azure". Currently, the platform is essentially an Agent-optimized iteration of cloud application platforms like Railway and Render, rather than a full replacement for the three major cloud providers.

Beating AI News Flash: Kuaishou has adjusted its AI organizational structure, establishing a cross-business unit virtual organization named "Enterprise AI Productivity" dedicated to the company’s internal AI office and R&D tools. The new organization will unify employees’ general Agents, internal corporate knowledge and data, as well as office and information systems, enabling Agents to directly call these resources to complete tasks. It is led by Wang Xu, head of the Intelligent Office Platform Department, and consists of the Intelligent Office Platform Department and the AI Productivity Center. Kuaishou has already deployed AI extensively internally. As of June this year, over 92% of its employees use self-developed AI Agents, with AI code contribution rate reaching 60% among R&D technical staff. Meanwhile, the company has adjusted the management division of Keling AI. Kuaishou co-founder, Chairman and CEO Cheng Yixiao will concurrently serve as head of the Community Science Line, while former head Yu Yue has been transferred to Director and CEO of Keling AI, focusing on the firm’s operational management going forward. Yu Yue (also known as Gai Kun) holds a PhD from Tsinghua University. He joined Alibaba in 2011 as part of the first batch of "Alibaba Stars", and before leaving Alibaba, he served as Technical Director of Precision Display Advertising at Alibaba Mom, holding a P10 level. After joining Kuaishou in 2020, he has long been in charge of algorithms and the Community Science Line, and led the R&D and commercialization of Keling AI. Keling AI’s revenue in the second quarter of this year exceeded 850 million yuan, with year-on-year growth of over 200%.

Gemini co-founder Tyler Winklevoss said the current market hype around privacy coin Zcash is reminiscent of the 2019 crypto cycle, when Bitcoin had just emerged from the 2018 bear market, with the market’s focus shifting to institutional infrastructure and custody. Zcash launched in 2016, uses zero-knowledge proofs to facilitate private transactions, has long faced regulatory scrutiny, and was delisted by some exchanges. Per CoinGecko data, ZEC’s price rose from approximately $511 in January 2026 to $1,335.51 on September 16. After receiving approval from the State of New York in 2018, Gemini became the first licensed trading platform to offer Zcash trading and custody services.