News Center

Read in-depth analysis of crypto news

Thursday, 2026-09-10

Citadel Securities Urges SEC Oversight for Certain Prediction Market Contracts

Odaily News: Citadel Securities wrote to regulators stating that prediction market contracts tied to key performance indicators of public companies should be classified as security-based swaps and regulated by the U.S. Securities and Exchange Commission (SEC) rather than the Commodity Futures Trading Commission (CFTC). Citadel Securities said that if such contracts continue to be regulated by the CFTC, it could lead to a split in regulatory authority and market fragmentation, and called for adjustments to the existing regulatory framework.

Arc Chain will launch on September 16, and Circle co-founder actively responds to the fomo launch announcement

Since this week, the on-chain market driven by Robinhood has temporarily cooled down, with mainstream cryptocurrencies experiencing a pullback. The market is pinning its hopes for the next round of activity on the Arc Chain, which will launch on September 16.Arc Chain, developed by the stablecoin issuer Circle, is an open blockchain network primarily aimed at institutional users. There are differing opinions in the market regarding whether it will support the crypto-native meme coin culture. Platforms such as OpenSea and fomo have announced that they will support Arc Chain as soon as possible. In response to the fomo launch announcement, Circle co-founder Jeremy Allaire has made a positive statement.

Apple's new CEO Ternus stated that the iPhone is still the best AI device

Apple's new CEO John Ternus stated at the company's Surprise and Shine event that the iPhone is currently the best AI device, and Apple places more importance on data privacy than its competitors. This statement comes as Ternus takes over as CEO from Tim Cook, who is now the Executive Chairman. Apple does not plan to create new hardware for AI but hopes to make the iPhone the central way for consumers to interact with this new technology.Ternus described the ideal AI device as a "smart personal hub," stating that it should widely understand the user's personal context, always be with them, have a powerful processor capable of running AI models on the device, connect to cloud models via the internet, and feature a large display, high-quality camera and microphone, long battery life, ease of use, and seamless collaboration with other devices, applications, and services. He stated that there is no product better suited to become a smart personal hub than the iPhone.Ternus also emphasized that Apple places greater importance on data privacy, stating that others view users' personal data as something to be collected and stored. He mentioned that when data is no longer controlled by the user, trust can only go so far, which is why Apple Intelligence runs as much as possible on the device.

Two major cryptocurrency associations apply for an injunction: to block the enforcement of the cryptocurrency tax in Illinois

According to The Block, the Blockchain Association and the Crypto Council for Innovation filed a preliminary injunction motion on September 9 in the Sangamon County Circuit Court in Illinois, requesting to halt the new cryptocurrency tax in the state before it takes effect. This summer, Illinois Governor J.B. Pritzker signed the Digital Asset Tax Act, which proposes a 0.2% tax on digital asset transactions, set to take effect in January 2027.Previously, the two associations, along with the Digital Chamber, filed a lawsuit against the state in August. In a 34-page motion, the organizations stated that the tax is unprecedented and has caused "irreparable harm" to industry members, and that if the bill takes effect, it will force businesses to comply hastily without clear guidance, facing the risk of criminal penalties. They also pointed out that the law violates the Illinois Constitution by implementing differential taxation on digital assets and contravenes the federal Internet Tax Freedom Act, which prohibits discriminatory taxes on e-commerce. The Illinois Governor's office has not yet responded to requests for comment.

DeepSeek V4.1 Flash Launch App, Three Modes in One

DeepSeek V4.1 Flash has started launching the app, merging the original three modes: "Quick," "Expert," and "Image Recognition" into a single entry point. Users no longer need to manually select a mode; one model handles daily conversations, image understanding, and complex questions simultaneously.V4.1 Flash natively supports multimodal capabilities. DeepSeek previously stated that the new model has comprehensively surpassed V4 Pro in performance, cost, speed, and total time metrics, and will take over all V4 Pro requests before the launch of V4.1 Pro.

Solana Mainnet Beta Transaction V1 Activation Delayed to Epoch 1035, Expected Around Sept. 15 at 1:20 UTC

Odaily News: Solana core development team Anza posted on X that Mainnet Beta Transaction V1 will begin activation at epoch 1035, expected around Sept. 15 at 1:20 UTC. The ecosystem team said more time is needed to test and integrate V1 support; V1 is currently live on Devnet for integration testing. The compute budget in V1 is set through new transaction configurations, and compute budget instructions remain usable in legacy transactions and V0 transactions but will not take effect in V1; application developers, even if they do not plan to send V1 transactions, need to check how the related changes affect their applications.

The activation time for Solana Mainnet Beta trading V1 has been postponed to epoch 1035, expected around September 15 at 1:20 UTC

The core development team of Solana, Anza, posted on platform X stating that the mainnet Beta transaction V1 will begin activation at epoch 1035, expected around September 15 at 1:20 UTC.The ecosystem team indicated that more time is needed to test and integrate V1 support; V1 is currently live on the development network for integration testing. The computational budget in V1 is set through new transaction configuration settings; the computational budget instructions are still usable in traditional transactions and V0 transactions, but will not take effect in V1; application developers should check the impact of related changes on their applications even if they do not plan to send V1 transactions.

Solana Meme Coin Baton Briefly Tops $10M Market Cap, Up Over 400% in 24 Hours

Odaily News: According to GMGN data, the market cap of Solana-based Meme coin baton briefly surpassed $10 million, rising over 470% in 24 hours, and now stands at $7.9 million.

It is reported that BATON is a community Meme coin derived from the history of Baton Corporation, the company behind Pump.fun, and its early project Baton Finance. It only borrows the related narrative and has no official connection to Pump.fun.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Data: The market capitalization of the Meme coin baton on the Solana blockchain briefly surpassed 10 million USD, with a 24-hour increase of over 400%

According to GMGN data, the market capitalization of the Meme coin baton on the Solana chain briefly surpassed 10 million USD, with a 24-hour increase of over 470%, currently reported at 7.9 million USD.It is reported that BATON is a community Meme coin derived from the history of Baton Corporation, the company behind Pump.fun, and its early project Baton Finance, only borrowing the relevant narrative and having no official connection with Pump.fun. Users are reminded that the prices of Meme coins are highly volatile, and investors should participate with caution.

LaserCat: Staying Bullish, Holding to the End

Odaily News: Well-known trader LaserCat posted on X that despite recent pullbacks in related meme coin prices, he believes that "the price has changed, but the narrative hasn't," and that his buying logic and selling targets remain unchanged. He is still bullish on "Niu Lai" and "Hakimi."

Compared to the overall sluggish performance of on-chain meme coins in previous months, the market now has a large number of meme coins with market caps ranging from several million to tens of millions of dollars. Funds are currently mainly waiting for the related meeting on the 11th and the bill's progress on the 15th, with the overall market in a wait-and-see state. The market only needs one signal to confirm the bull run. LaserCat stated that his current holdings can all be verified on-chain, and he has no plans to exit.

David Sacks: Anthropic's IPO should be paused until whistleblower claims are investigated

Odaily News: David Sacks, chairman of the President's Council of Advisors on Science and Technology, said in a post on X: "Anthropic's IPO should definitely be paused until the whistleblower's claims are investigated."

Odaily note: The whistleblower mentioned by David Sacks is Anthropic researcher Jacob Coxon, who chose to resign two months before his equity vested due to concerns about the risk of AI going out of control.

Zora Co-Founder Dee Goens to Take Over as CEO, Team Shrinks to Under 10 as ZORA Buyback Planned

Odaily News: Zora co-founder Dee Goens announced on X that he will take over as CEO, while co-founder Jacob is stepping down and leaving Zora after more than 6 years as CEO. Meanwhile, Zora underwent layoffs earlier this year, with the team now numbering fewer than 10 people, and has further adopted AI agents to handle tasks such as Slack workflows, code writing, and incident response.

On the product side, Zora has expanded asset issuance to Robinhood and Solana, and supports cross-chain trading across Robinhood, Solana, and BNB Chain; it has also launched Custom Pairs, allowing users to create new tokens paired with tokenized stocks, meme coins, and mainstream crypto assets, with over 4,000 trading pairs created since launch.

He said the next phase will focus on implementing a ZORA token buyback and rewards mechanism to further align the platform's business with the interests of ZORA holders, while restarting community incentive distributions, prioritizing mobile product development, and continuing to expand the user base for social trading and on-chain markets.

Lightfield completed a $47 million Series A funding round, led by a16z

AI-native CRM company Lightfield has completed a $47 million Series A funding round, led by a16z, with participation from Maverick Capital, Coatue, Greylock, Lightspeed, Audacious Ventures, and Alumni Ventures. Founders and individual investors such as Guillermo Rauch, Immad Akhund, Mati Staniszewski, Jeff Wang, Scott Belsky, Avichal Garg, Nick Talken, and Zack Kisner also participated in this round of financing.The funds will be used to accelerate growth and expand AI Agent capabilities. Lightfield focuses on automatically integrating customer interaction data, building an enterprise "world model," allowing Agents to autonomously develop business opportunities, advance deals, and manage customers. Since its launch in November 2025, over 5,000 companies have registered.

Data: Hyperliquid platform whale current position is 7.687 billion USD, with a long-short position ratio of 0.91

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 7.687 billion USD, with long positions at 3.661 billion USD, accounting for 47.62% of the holdings, and short positions at 4.027 billion USD, accounting for 52.38% of the holdings. The profit and loss for long positions is 357 million USD, while the profit and loss for short positions is -408 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2263.09 USD, currently showing an unrealized profit and loss of -18.9668 million USD.

iPhone Prices vs. Bitcoin Over the Years: New iPhone Duo Costs 'Just' 0.025 BTC

Odaily News: At its fall product launch event, Apple introduced its first foldable phone, the iPhone Duo, along with the iPhone 18 Pro series and more. Based on the current Bitcoin price, the new entry-level foldable iPhone Duo costs "just" 0.025 BTC.

Here is a comparison of each iPhone generation's launch price converted to Bitcoin at the time:

iPhone 4s — 162 BTC

iPhone 5 — 53 BTC

iPhone 5s — 5 BTC

iPhone 6 — 1.7 BTC

iPhone 6s — 2.8 BTC

iPhone 7 — 1.1 BTC

iPhone 8 — 0.19 BTC

iPhone X — 0.14 BTC

iPhone XS — 0.15 BTC

iPhone 11 — 0.068 BTC

iPhone 12 — 0.051 BTC

iPhone 13 — 0.018 BTC

iPhone 14 — 0.042 BTC

iPhone 15 — 0.031 BTC

iPhone 16 — 0.014 BTC

iPhone 17 — 0.007 BTC

iPhone 18 Pro — 0.015 BTC

LAPTOP Foundation X Account Suspended, Hunter Biden Vows Not to Abandon Project

Odaily News: Hunter Biden, son of former U.S. President Joe Biden, posted on X: "Our foundation's account has been suspended. The foundation will never give up on LAPTOP, and we are doing everything we can to get the account restored. In the meantime, the foundation will share the latest updates and thoughts via Medium."