24x7 Flash News

Binance to Shift Commodity TradFi Perpetuals to 24/5 Trading

Binance will move commodity-type TradFi perpetual contracts to a 24/5 trading model starting September 16, 2026, at 05:00 UTC+8. The change will allow trading 24 hours a day, five days a week, and remove the existing one-hour daily maintenance break.

tZERO Completes New Funding Round With ICE Among Participants

Tokenized securities platform tZERO completed a new financing round led by Marc Cohodes and Max Cohodes, with participation from existing investors Intercontinental Exchange, Bill Fleckenstein, partner Dinari and others. Neighborhood Intelligence also committed to participate in the round. The funding will support tZERO’s expansion of tokenized financial market infrastructure, business operations and its next growth phase. The company is building infrastructure for tokenization, trading, custody and asset services, and plans to expand into derivatives, prediction markets and spot crypto infrastructure services.

Derive Proposal Calls for V3 Launch and Gradual Shutdown of Derive Chain

The Derive community has released a new DIP proposal calling for the deployment of Derive V3, migration of all V2 positions and balances to the V3 genesis state, transfer of cross-chain bridge funds to Ethereum L1, and the gradual shutdown of the Derive Chain. Derive V3 is described as a zero-knowledge exchange based on a zkVM that settles on Ethereum mainnet. It would execute margin, pricing, and settlement computations off-chain, use ZK proofs for verification, and publish state differences to Celestia for data availability, while Ethereum L1 verifies the proofs.

Phemex Crypto Market Daily: Crypto Market Today: BTC, ETH and CLARITY Act Vote (Sep 15)

Bank of Russia Flags Cryptocurrency as Financial Market Risk

The Bank of Russia listed cryptocurrencies as a financial market risk in its review, “Main Directions for the Development of the Russian Financial Market for 2027 and the Period 2028 to 2029,” citing rising use of digital assets such as stablecoins as substitutes for the national currency. The central bank warned that digital currency investments carry the risk of total loss, with no responsible entity or guarantee. It said cryptocurrencies circulate outside any jurisdiction, weakening national restrictions and bans, while the absence of unified global regulation creates conditions for shadow market growth. The regulator supports criminal liability for organizing unauthorized digital currency circulation and administrative liability for legal market participants that violate regulations.

House Crypto Tax Proposal Omits Mining and Staking Rewards

The House Ways and Means Committee’s Wednesday deliberations included a 114-page crypto tax proposal, but the plan did not address how mining and staking rewards would be taxed.

Grayscale Launches Bitcoin-Free Model Portfolio for Financial Advisors

Grayscale launched its Digital Assets Next Gen model portfolio for financial advisors, excluding Bitcoin and holding seven funds. As of August 31, the portfolio allocated 42.34% to ETH, 26.11% to XRP and 21.09% to Solana, with the three assets totaling about 89%. Hyperliquid accounted for 5.76%, while Chainlink, Avalanche and Sui made up the remaining allocation.

U.S. Banking Groups Push Senate to Tighten Stablecoin Reward Limits

Eight U.S. banking groups urged Senate leaders John Thune and Chuck Schumer to tighten stablecoin reward restrictions in the Clarity Act, warning that exceptions in the bill could allow interest-like payments that draw deposits away from banks. The groups, including the American Bankers Association, the Bank Policy Institute, and the Independent Community Bankers of America, said the current text contains loopholes that could permit payments on stablecoin balances. They requested changes including removing the word “solely,” replacing the equivalence standard with a “substantially similar” test, and deleting language allowing rewards tied to customer balances, terms, or holding periods. The banks argued that such incentives could divert funds from mortgages, agriculture, and small businesses. They also rejected a proposed deposit outflow “circuit breaker,” saying it would activate only after significant outflows had already occurred.

0x Finds 54.2% of Uniswap v4 Hooks Malicious

0x reported a sharp increase in malicious Uniswap v4 Hooks, which can present attractive prices during quote requests but change execution prices at settlement. The Hooks use aggregators, wallets, and trading applications to extract funds from users, with some affected trades delivering up to 50% less than the quoted amount. An analysis of 84,163 Hooks across six chains found that 19.4% were classified as safe, 54.2% as malicious, and 26.4% as suspected malicious as of September 11. Since the beginning of the year, 0x has routed 81.92 million transactions with a total trading volume of $42.67 billion, about 70% of which involved Uniswap liquidity. The aggregator said it has blocked related malicious pools from its routing through detection technology and fund pool audits.

OpenAI Acquires Smartphone Camera Maker Glass Imaging for Over $300 Million

OpenAI has acquired smartphone camera maker Glass Imaging in a deal valued at more than $300 million. Glass Imaging uses AI to overcome the physical size limits of smartphone cameras, generating improved images from the moment the shutter is pressed rather than editing photos after capture. Founded in 2019 and based in Los Altos, California, Glass Imaging previously raised about $30 million from investors. The company was founded by former Apple engineers Ziv Attar and Tom Bishop, who previously led the team that developed Apple’s Portrait Mode. Rumors have previously suggested OpenAI is developing its own hardware, including smartphones, headphones and AI companion devices.

AI Networking Firm Cornelis Raises $205 Million to Challenge Nvidia

Cornelis, an AI networking technology company spun out of Intel in 2020, raised $205 million in a funding round led by IAG Capital Partners. The company develops networking technology designed to help AI chips communicate more efficiently. Cornelis has released Active Compute Fabric, a product aimed at reducing wasted GPU time caused by chips waiting for data by enabling chips to process and transmit information simultaneously. The company is positioning its open architecture against Nvidia, allowing customers to use multiple GPUs and accelerator hardware on its network architecture. Cornelis has begun shipping products and is developing a next-generation product expected to launch later this year.