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Odaily News: AMC CEO Adam Aron has once again lashed out at Robinhood's stock token business, raising multiple questions directed at Robinhood CEO Vlad Tenev and Chief Legal Officer Dan Gallagher. Aron stated that stock tokens go against the fundamental concept of stock ownership, and questioned why Robinhood continues to heavily promote stock tokens on its U.S. website when it cannot offer such products to U.S. users.

Aron also questioned whether stock tokens could lead buyers to mistakenly believe they can obtain the same rights as actual shareholders, as well as the 1:1 stock backing mechanism: if some of the underlying real shares used to back stock tokens are simultaneously lent out to short sellers, can the related tokens still be considered truly 1:1 backed. Aron also criticized Robinhood for conducting the related business through a Jersey entity, and said that while stock tokens may represent innovation in Robinhood's view, in his view they "only bring shame to Robinhood."

Odaily News: South Korea's main stock exchange will extend trading into the evening hours, breaking with Asian trading conventions as it seeks to capture persistent demand from global investors. As a step toward the Korea Exchange's goal of 24-hour trading starting in December 2027, the KRX will open trading on Monday for nearly all local stocks until 8 p.m., compared with the previous regular close of 3:30 p.m. This marks the first such move among major Asian exchanges, but it follows the global trend toward round-the-clock markets.

The new measure launching next Monday in South Korea will test whether it can maintain sufficient liquidity during longer trading sessions and prove that investors genuinely need the extra hours—even as interest in Korean stocks is cooling. Lee Young-jae, senior investment manager at Pictet Asset Management in London, said: "A longer trading window generally means investors have more flexibility, which makes the market more efficient. Investors with a stronger trading orientation and higher turnover, or hedge fund-type investors, may use it more frequently." Edward Kim, head of Korean equity sales at Bank of America, said this is "another step in the continued evolution of the Korean capital market and its accessibility to global investors." (Jinshi)

Odaily News: Anthropic CEO Dario Amodei published a lengthy blog post on Saturday, stating that the company will adopt new safety measures, such as bringing in third-party evaluators, while calling on the entire industry to support broader efforts to slow down AI model development. OpenAI CEO Altman quickly responded, saying he would adopt Amodei's suggestion to "give independent evaluation institutions access similar to that of employees." Elon Musk, who runs xAI, also said: "Dario is right." Although all three leaders have warned about the risks of artificial intelligence for years, there is almost no precedent for truly coordinated slowdowns in development in this fiercely competitive industry. Companies have long been continuously launching new products to boost user engagement, capture market share, and drive sales growth. It remains unclear to what extent these leading AI companies will actually implement new restrictions or safety checks. (Jinshi)

Odaily reports: Pump.fun announced two major changes on X, introducing the Holder Rewards model and discontinuing the Cashback model. With tokens that adopt the Holder Rewards model, users simply need to hold the token to receive rewards. The longer the holding period, the higher the reward cap. Going forward, when creators issue new tokens, they can choose either the standard Creator Fee model or the Holder Rewards model; existing Cashback and Creator Fee tokens can also apply to switch to Holder Rewards, but the switch cannot be reversed once made.

Under the Holder Rewards model, the relevant fees will go into the Pump.fun distribution wallet and be automatically distributed to holders multiple times per hour in proportion to their holdings. Users with holdings valued at over $20 are eligible to receive rewards. Rewards are distributed in the quote asset of the trading pair—for example, tokens paired with SOL will distribute rewards in SOL.

Odaily reports: OpenAI CEO Sam Altman has stated that OpenAI will not hold an IPO this year, and its listing plans will be postponed to at least 2027. Altman said that given the current situation in the field of AI safety, now is not the right time to go public, and the company is currently under no pressure to do so.

Altman stated that OpenAI still needs to focus on addressing issues such as AI safety and alignment, and to explore ways of cooperation between the industry and government. Previously, Anthropic CEO Dario Amodei publicly called for slowing down the AI race, and both Altman and Elon Musk subsequently expressed agreement. (CoinDesk)

Odaily reports that the U.S. core CPI rose 0.3% month-over-month in August, exceeding expectations of 0.2%, further reinforcing expectations for a Fed rate hike next week. Analysts believe the market had already priced in ample time for a rate hike, and if the Fed raises rates as expected, the market reaction may be relatively limited. Instead, an unexpected decision to hold rates steady could trigger a larger rally in risk assets. Matt Mena, Senior Crypto Research Strategist at 21Shares, said historical data shows that in the 30 days following a core CPI reading above expectations, Bitcoin rose an average of 2.13%.

Affected by the data, Bitcoin is currently trading at approximately $78,600, up 1.5% over the past 24 hours. Mark Connors, Chief Investment Officer at Risk Dimensions, said that rising U.S. Treasury yields across the board and the simultaneous strengthening of Bitcoin and gold indicate that the market is concerned not only about the Fed's rate path, but also about inflation, government debt, and the credibility of monetary policy. (Cointelegraph)

Odaily reports: US regulators announced on Friday that they have published proposed guidance on banks' third-party risk management. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration stated that the proposal is intended to help banks and credit unions "better align and tailor their third-party risk management practices to match the risks of each individual third-party relationship."

Federal Reserve staff said in a memo that the plan comes as banks are increasingly outsourcing certain functions and relying on third-party relationships to improve efficiency and reduce costs. The plan will be open to public comment, is non-binding, and aims to focus institutions' supervision of such risks on a principles-based approach. Federal Reserve Governor Barr opposed the proposal, citing concerns about the "material financial risk" standard.

Odaily reports that Goldman Sachs economist Alexandra Wilson-Elizondo said: "Today's CPI was largely in line with expectations, ostensibly the result investors were hoping for, but it does raise the stakes for next week's rate decision. The challenge is that the data does not fully reflect some of the recent inflationary pressures, and there is little evidence that inflation is returning to target in the near term. The survey period for this report predates the latest round of energy price increases, and also predates the broadening of the commodity rally from energy into metals and agriculture. Today's inflation data does not eliminate the possibility of stronger price pressures ahead.

In summary, today's in-line data will allow the Fed to keep the rate hike option on the table without being forced to act, so the market may next focus more on Warsh's communications, energy prices, labor market data, and what happens next, rather than on what was released today."

Odaily News: "White-haired Stock God" Serenity published a post blasting social media platform X, stating that X should crack down on all "engagement networks" that pay others to quote or comment on their posts. Some companies pay influencers to comment on or quote the company's posts; they also mass-create new associated accounts with "Finance" or country names, and once these accounts reach a certain scale, they boost engagement metrics through methods such as cross-referencing each other's posts.

Serenity added that these associated accounts could eventually accumulate tens of thousands or even hundreds of thousands of followers, and further leverage their influence to boost the visibility of other associated accounts. If this model continues to develop, X could ultimately be dominated by "engagement networks" marketing around company products, while independent, authentic voices on the platform would be squeezed out.

According to GMGN data cited by Odaily, the market cap of 牛来 briefly surpassed $150 million, now standing at $144 million, with a 24H gain of 93%.