GaiaNet CEO and co-founder Matt Wright discusses the two camps in the debate over decentralized artificial intelligence. The first camp prefers a controlled software environment, while the second believes in open and liberal ideals.Wright supports the second camp, stating, "I don't believe in controlling these systems. I think we should guide them properly, and all we can really do is provide secure fences and appropriate dialogue. These systems should not be managed by individuals or governments, and the technology should not be supervised by those who do not use it. On the other hand, Web3 and Ethereum have implemented appropriate on-chain governance. Tokenized entities manage systems in a more democratic way based on their degree of participation."Wright states, "We are now at a critical moment, where institutional recognition of cryptocurrency ETFs as asset classes is incredible, allowing their clients to easily enter the field. Obviously, this will bring a lot of liquidity to the field. The Ethereum community should welcome this attention and make it more focused on developers and construction."Matt Wright is the CEO and co-founder of GaiaNet, an artificial intelligence infrastructure project aimed at decentralizing current AI agent software.

On August 28th, blockchain analyst Yu Jin stated on X platform that ByBit and FTX swapped platform coins in early November 2021: ByBit exchanged 100 million BIT for 3.36 million FTT from FTX, and both parties promised not to sell within 3 years. The 3-year lock-up period is about to end in 2 months, and it is likely that there will be a sell-off after the restriction is lifted. At the time of the exchange, the values were equivalent, but now there is a significant difference in value: 100 million BIT is worth $57.73 million, while 3.36 million FTT is only worth $4.47 million. It is reported that BitDAO (BIT) has been upgraded to Mantle (MNT).

OKX-BTC/USDT is currently trading at $62120.70, with a 24-hour decrease of 2.77%.

The derivatives market CME Group announced today that it will further expand its cryptocurrency derivatives products and launch Bitcoin Friday Futures (BFF) on September 30th, pending regulatory approval. The size of these new per-period contracts is one-fiftieth of a Bitcoin and will be cash-settled at 4:00 pm New York time every Friday with the CME CF Bitcoin Reference Rate New York Variable (BRRNY). The new BFF contract will be listed at 6:00 pm New York time every Thursday, with trading dates on Friday, and market participants can trade the two most recent Fridays at any specific time. The Friday expiration allows these contracts to closely track the spot price of Bitcoin and help investors mitigate weekend price fluctuations.

According to Arkham data, at 22:25 Beijing time, Vitalik Buterin's wallet address transferred 199.9 ETH to a Safe multi-signature address (0xC3D).

According to Chain analysis by @ai_9684xtpa, a whale decided to go long during the ETH downtrend in the past four hours and has used leverage to buy 2,738 ETH worth $7.21 million. Currently, the whale holds 2,738 ETH as collateral in Aave and has borrowed 4.6 million USDC with a health factor of 1.28. Due to the ongoing ETH downtrend, the whale is currently facing a loss of $130,000 with a liquidation price of $2,023.

Quidax, an African crypto platform, has become the first in Nigeria to receive a provisional operating license as a digital assets exchange from national regulators. This move is seen as a significant step towards crypto acceptance from the government, which has historically been hostile towards the industry. Quidax co-founder and CEO Buchi Okoro sees the granting of the crypto exchange license as a result of years of collaborative effort that takes time to ensure compliance. Despite the license, relations between the crypto and the SEC remain tense, with the agency warning Nigerians of the risks of investing in crypto assets.

According to The New York Times, reports that Trump plans to appoint Chris Christie and Rudy Giuliani as co-chairs of his transition team.

Ronin announced on social media that the cross-chain bridge, which experienced a security vulnerability incident, has undergone a comprehensive audit and is now ready to be reopened.Previously, due to critical configuration errors, the cross-chain bridge was once stolen 12 million US dollars and was suspended to prevent further fund losses. All funds have now been safely recovered, and white hat hackers have been rewarded with 500,000 US dollars.Currently, the proposal to reopen the cross-chain bridge has been submitted for operator voting, and it is expected to resume service within 10 days without further updates planned.

 CryptoQuant data shows that CEX has experienced a large outflow of Bitcoin this year. From January 1 to August 24, 330,560 BTC (worth $20.8 billion) were withdrawn from these trading platforms. Seven months ago, CEX held a total of 3,009,239 BTC, but it has now dropped to 2,678,679 BTC. If this trend continues, the increasing scarcity of BTC could affect future market stability.