South Korea plans to allow banks and non-banks to jointly issue Korean won stablecoins
According to News1, South Korea's National Planning Commission is considering granting a consortium of banks and non-bank institutions the right to issue a Korean won stablecoin. The Financial Stability Council will oversee and license the issue. This initiative aims to combine the stability of banks with the innovation of fintech companies. The relevant bill is expected to be introduced by the Financial Services Commission in October.
Amber Group withdraws another 4.68 million WLD from Binance three months later
According to Aunt Ai, Amber Group withdrew another 4.68 million WLD from Binance after a three-month hiatus, valued at $4.92 million. WLD's value has risen 10% in the past 24 hours. Currently, WLD has become one of the top three assets held by public addresses on the Amber chain, with UNI and USDT taking first and second place respectively.
Circle Announces USDC and CCTP V2 Coming to Hyperliquid
According to a Circle blog post, native USDC and CCTP V2 will be deployed on the Hyperliquid blockchain, supporting deposits and withdrawals of USDC across HyperCore and HyperEVM applications. Users will be able to access institutional-grade deposits and withdrawals through Circle Mint, and developers will be able to leverage CCTP V2 to enable secure cross-chain transfers of USDC between Hyperliquid and other supported blockchains. USDC will serve as the core stablecoin for financial applications and transactions within the Hyperliquid ecosystem.
Frax, Agora, and others also bid for Hyperliquid's USDH stablecoin issuance rights
According to The Block, the decentralized exchange Hyperliquid plans to launch the USDH stablecoin and has invited Paxos, Frax, Agora, and Native Markets to submit proposals. The final decision will be made by validator voting. Paxos has pledged 95% of interest to be used for HYPE repurchases, Frax proposes USDH to be backed 1:1 with frxUSD and with zero fees, and Agora promises a 100% share of net revenue. Ethena Labs is also interested in bidding. Hyperliquid currently holds approximately $5.5 billion in USDC deposits.
According to CoinDesk, Glassnode data shows that Bitcoin's illiquid supply (the amount of Bitcoin held by entities with little to no spending history) has reached a record high, exceeding 14.3 million BTC in late August. Over the past 30 days, the net increase in illiquid supply has reached 20,000 BTC. Of the 19.9 million BTC currently in circulation, approximately 72% of the total supply is illiquid, held by long-term holders and cold storage investors.
Binance Alpha and Futures to List Avantis (AVNT)
Binance Alpha will list and open trading for Avantis (AVNT) at 9:00 PM (GMT+8) on September 9, 2025. Additionally, Binance Futures will launch AVNTUSDT perpetual contracts at 11:00 PM (GMT+8) on September 9, 2025, with up to 50x leverage. All eligible Binance users will receive a token airdrop. Eligible users can claim their airdrop using Alpha Points from 9:00 PM (GMT+8) on September 9, 2025, to 9:00 PM (GMT+8) on September 10, 2025, via the Alpha event page.
Tom Lee-led FutureCrest Acquisition files for IPO, looking to raise $250 million
FutureCrest Acquisition, a blank check company (SPAC) led by BitMine Chairman Tom Lee, filed documents with the U.S. Securities and Exchange Commission (SEC) on Friday, aiming to raise up to $250 million through an initial public offering (IPO). Tom Lee is known in the media for his bullishness on cryptocurrencies, and his IPO prospectus also highlighted his past predictions for Bitcoin prices. FutureCrest Acquisition stated that when seeking acquisition targets, it will leverage the management team's
According to Token Unlocks, tokens such as CHEEL, APT, and S will see large-scale unlocks next week. Cheelee (CHEEL) will unlock approximately 20.81 million tokens at 8:00 AM Beijing time on September 13th, representing 3.13% of the current circulating supply and valued at approximately $56 million. Aptos (APT) will unlock approximately 11.31 million tokens at 6:00 PM Beijing time on September 11th, representing 2.20% of the current circulating supply and valued at approximately $48 million. Sonic (S) will unlock approximately 150 million tokens at 8:00 AM Beijing time on September 9th, representing 5.02% of the current circulating supply and valued at approximately $45.4 million. io.net (IO) will unlock approximately 13.29 million tokens at 8:00 PM Beijing time on September 11th, representing 6.24% of the current circulating supply and valued at approximately $7 million. BounceBit (BB) will unlock approximately 42.89 million tokens at 8:00 AM Beijing time on September 10, accounting for 6.31% of the current circulating supply and valued at approximately US$6.4 million. Movement (MOVE) will unlock approximately 50 million tokens at 8:00 PM Beijing time on September 9, accounting for 1.89% of the current circulating supply and valued at approximately US$5.9 million. Peaq (PEAQ) will unlock approximately 84.84 million tokens at 8:00 AM Beijing time on September 12, accounting for 6.38% of the current circulating supply and valued at approximately US$5.6 million.
Tether CEO: Did not sell any Bitcoin, but put part of the reserves into XXI
Tether CEO Paolo Ardoino posted on the X platform: "Tether did not sell any Bitcoin, but instead invested part of its Bitcoin reserves into XXI. As the world becomes increasingly darker, Tether will continue to invest part of its profits in safe assets such as Bitcoin, gold and land. Tether is a stable company."
