VIRTUAL experienced abnormal activity, with a drop of 7.83% in 24 hours

[Blockchain Fintech Company Munify Completes $3 Million Seed Round Financing] According to Jinse Finance, Egyptian blockchain fintech company Munify announced the completion of a $3 million seed round financing. Strategic investment institutions such as BYLD and Grayscale's parent company Digital Currency Group participated in the round. The company leverages blockchain technology to provide individuals and businesses with multi-currency instant send and receive services and has launched a stablecoin-backed virtual card. Currently, its operations cover the United States, the United Kingdom, Europe, and Gulf Cooperation Council (GCC) member states. The new funds will be used to expand into other markets and grow its compliance team.

[U.S. Senate Proposes Establishment of SEC and CFTC Joint Committee to Coordinate Crypto Regulation] On September 7, the U.S. Senate introduced a draft of the Market Structure Act, proposing the establishment of a joint committee between the SEC and CFTC to address cryptocurrency regulatory discrepancies. The draft includes provisions to protect DeFi developers, clarify the regulatory treatment of airdrops, and exempt DePINs from securities laws, among other measures. Additionally, the bill calls for the two agencies to form a Digital Asset Joint Advisory Committee to coordinate regulatory approaches. The SEC and CFTC plan to hold a public roundtable on September 29 to discuss regulatory coordination priorities.

[SEC Establishes Special Task Force to Combat Cross-Border Fraud Targeting U.S. Investors] BlockBeats News, September 7, according to an official announcement, the U.S. Securities and Exchange Commission (SEC) has announced the establishment of a cross-border special task force to combat cross-border fraud that harms U.S. investors. The initial focus of the cross-border special task force will be investigating potential violations of U.S. federal securities laws related to foreign companies, including potential market manipulation activities such as 'pump and dump' schemes. The task force will also focus on 'gatekeepers,' particularly auditors and underwriters who assist these companies in entering the U.S. capital markets. Additionally, the task force will review potential securities law violations related to companies in foreign jurisdictions. SEC Chair Paul Atkins stated, 'We welcome companies from around the world to enter the U.S. capital markets, but we will not tolerate any bad actors—whether they are companies, intermediaries, or gatekeepers—attempting to exploit international borders to obstruct and evade U.S. investor protections. The new special task force will strengthen the SEC's investigative efforts and enable the SEC to use all available tools to combat transnational fraud.'

[Whale Withdraws 2,329 ETH from Binance] According to monitoring by The Data Nerd, a certain whale address (0x1fc...AEd5) withdrew 2,329 ETH from Binance an hour ago, valued at approximately $10 million. The wallet currently holds 7,952 ETH (approximately $34.2 million) and $34.3 million USDe.

[Data: Fidelity's On-Chain Tokenized Fund Product FDIT Exceeds $200 Million] Odaily Planet Daily reports that, according to a post by The Rollup founder Andy on the X platform, the on-chain tokenized fund product Fidelity Digital Interest Token (FDIT), launched by asset management giant Fidelity, has now exceeded $200 million in scale, currently reaching $203,685,560. It is reported that the product is deployed on the Ethereum blockchain and represents tokenized shares of Fidelity Treasury Only Digital Fund (FYOXX), backed by U.S. Treasury securities and redeemable 1:1 for fund shares. Its potential competitor is BlackRock's BUIDL.