Today's news tips:
Tether to Launch USDT on RGB, Expanding Support for Native Bitcoin Stablecoin
Binance HODLer Airdrop Now Available: Mitosis (MITO), the 34th Airdrop
Binance Futures trading was temporarily unavailable but has now returned to normal.
Bitcoin-first protocol Portal to Bitcoin secures $50 million in new funding
XPL 'manipulator' claims $38 million profit was an accident caused by lack of sleep
Regulation & Policy
According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) clarified its position in a staff advisory focused on foreign-based exchanges (FBOTs), stating that firms that felt pressured to leave the United States can still operate domestically as "foreign exchanges." CFTC Acting Chairwoman Caroline Pham stated, "U.S. firms that were forced to open facilities in foreign jurisdictions to facilitate crypto-asset trading can now return to the U.S. market." The advisory statement did not make any changes to agency policy, but was intended to "remind" such firms of potential action.
According to Bloomberg, the U.S. government began publishing gross domestic product (GDP) data on a public blockchain on Thursday, a move that marks the Trump administration's latest show of support for the cryptocurrency industry. According to Commerce Department officials, the move will create an alternative avenue for publishing economic data—but not a replacement for existing ones. The U.S. government's initiative will initially cover nine blockchains, including Bitcoin, Ethereum, and Solana. The plan is to place so-called cryptographic hashes of the data on these blockchains. Commerce officials said the Trump administration intends to expand the program's scope in the future. Commerce officials said the blockchain initiative is unrelated to the dismissal of the director of the Bureau of Labor Statistics. Officials say Commerce Secretary Howard Lutnick is the driving force behind the push to publish the data on a blockchain. Earlier this year, Lutnick also stated his plan to change the way GDP is reported to remove the influence of government spending. GDP data is released by the Commerce Department's Bureau of Economic Analysis.
Earlier news reported that the U.S. Department of Commerce and Chainlink are putting the government's macroeconomic data on the chain ; later news came that Pyth Network was selected by the U.S. Department of Commerce for the verification and distribution of on-chain economic data ; the U.S. government released the latest GDP data to Bitcoin, Ethereum, Solana, TRON, STELLAR, AVALANCHE, ARBITRUM and Polygon.
Project News
According to an official announcement, Binance has upgraded its execution trading service, aggregating spot and over-the-counter (OTC) options quotes from the industry's largest network of liquidity providers. This service prioritizes internalized order flow to reduce market impact, providing tighter spreads, faster execution, and more competitive quotes for large cryptocurrency trades, while also delivering the privacy, security, and institutional-grade service users expect. Previously, Binance's execution trading service relied primarily on liquidity from its own native order book. With this upgrade, Binance will aggregate quotes from multiple liquidity providers to ensure optimal execution.
Robinhood US has listed TON tokens
According to market news, Robinhood US has launched TON tokens.
SlowMist Technology's Chief Information Security Officer, 23pds, posted on the X platform that researchers discovered serious configuration errors on some Tencent Cloud servers during a routine scan in late July 2025, which resulted in the accidental exposure of sensitive internal credentials and source code to the public network. These errors made key configuration files directly accessible to external parties, posing extremely serious potential risks.
Tether to Launch USDT on RGB, Expanding Support for Native Bitcoin Stablecoin
According to an official blog post, stablecoin issuer Tether announced plans to launch USDT on RGB, a next-generation protocol for issuing digital assets on Bitcoin. Tether stated, "RGB mainnet version 0.11.1 recently launched. By introducing USDT to RGB, Tether is helping to open up new frontiers for Bitcoin currency. Users will be able to hold and transfer USDT and Bitcoin simultaneously in the same wallet, enjoying the benefits of privacy and sovereign transactions, and even send and receive value offline. Combining the security of Bitcoin with the stability of Tether marks a significant step towards the true integration of stablecoins into the Bitcoin ecosystem."
Time.fun launches mobile app, now available for iOS and Android
Time tokenization platform Time.fun tweeted that it has launched the Timefun mobile app, which is available on both iOS and Android.
Frax founder to serve as CTO of blockchain project Stable
Frax Finance founder Sam Kazemian tweeted that he will be joining the blockchain project Stable as Chief Technology Officer, while continuing his role as CEO of Frax. Stable is an institutional-grade blockchain built for stablecoins.
Binance HODLer Airdrop Now Available: Mitosis (MITO), the 34th Airdrop
According to an official announcement, Binance HODLer airdrops are now live for the 34th project – Mitosis (MITO), a Layer 1 blockchain designed to unify decentralized cryptocurrency liquidity by allowing assets to be deployed simultaneously on multiple chains. Between 08:00 on August 3, 2025, and 07:59 on August 7, 2025 (GMT+8), users who subscribe to guaranteed principal earning (fixed and/or current) or on-chain earning products using BNB will receive the airdrop. HODLer airdrop information is expected to be available within 24 hours, and the new token will be available once trading begins.
MITO will be distributed to users' spot wallets at least one hour before the launch. Binance will list MITO at 23:30 (GMT+8) on August 29, 2025, and will open trading pairs with USDT, USDC, BNB, FDUSD, and TRY. Seed tag trading rules will apply. MITO deposits will open at 19:30 (GMT+8) on August 29, 2025.
Later news, Binance: The total number of MITO HODLer airdrop tokens is 15 million, accounting for 1.5% of the maximum supply of tokens .
Binance: Hold at least 254 Alpha Points to claim 1.5 million XLAB tokens airdrop
According to the official announcement, Binance Alpha will list Dexlab (XLAB) on August 29th at 3:00 PM (UTC+8). Eligible Binance users can use Binance Alpha Points to claim a 1,500,000 XLAB token airdrop within 24 hours of trading starting on the Alpha event page. The Binance Alpha airdrop will be distributed in two phases: Phase 1 (first 18 hours): Users with at least 254 Alpha Points can claim. Phase 2 (last 6 hours): Users with at least 230 Alpha Points can participate in the second phase of the airdrop on a first-come, first-served basis. The score threshold will automatically decrease by 15 points every hour until the event ends. Please note that claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will forfeit the airdrop.
Binance: Hold at least 220 Alpha Points to claim 3,200 CELB tokens airdrop
According to Binance's official announcement, CeluvPlay (CELB) Alpha trading will begin at 5:00 PM (UTC+8) on August 29th. After trading begins, users holding at least 220 Binance Alpha Points will be eligible to claim an airdrop of 3,200 CELB tokens. This will be on a first-come, first-served basis. The minimum score will automatically decrease by 15 points every hour until the event ends. Claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will forfeit the airdrop.
Binance Futures trading was temporarily unavailable but has now returned to normal.
According to an official announcement, the issues with Binance Futures UM trading have been resolved. All futures trading has now returned to normal.
At its semi-annual earnings conference, PetroChina (00857.HK) revealed that it is closely monitoring the Hong Kong Monetary Authority's (HKMA) stablecoin licensing policy and plans to initiate a feasibility study on using stablecoins for cross-border settlement and payments. As one of China's largest state-owned energy companies, PetroChina is one of the first traditional energy giants to publicly respond to Hong Kong's Stablecoin Ordinance.
Binance Alpha to Launch Portal To Bitcoin (PTB)
According to an official announcement, Binance Alpha will launch Portal To Bitcoin (PTB). Alpha trading will open at 20:00 (UTC+8) on September 3, 2025. Futures trading will open at 20:30 (UTC+8) on September 3, 2025. Eligible users can use Binance Alpha Points to claim the airdrop after Alpha trading opens. Detailed details will be announced separately.
Financing News
According to Fortune magazine, stablecoin startup M0 announced the completion of a $40 million Series B funding round led by Polychain and Ribbit Capital, with participation from Endeavor Catalyst Fund and existing investors including Pantera and Bain Capital Crypto. M0 co-founder and CEO Luca Prosperi declined to disclose his startup's valuation. The funding involves equity and locks up the startup's cryptocurrency reserves—tokens that can only be sold after a specified period of time. To date, M0 has raised nearly $100 million. M0 is building a network on which stablecoin issuers can deploy their tokens without having to worry about transferring assets between blockchains like Ethereum or Solana or making cumbersome software decisions like changing Circle's token to PayPal's. M0 aims to onboard as many stablecoin issuers as possible to its network. This includes the crypto wallet MetaMask, which recently announced a partnership with M0 to launch its stablecoin.
According to The Information, Rain, a stablecoin Visa card platform, has completed a $58 million Series B funding round led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed. This funding round has nearly quintupled Rain's valuation of $24.5 million. Sources familiar with the matter revealed that the annualized spending on Rain-supported bank cards has exceeded $1 billion. Founded in 2021 by CEO Farooq Malik and CTO Charles Yoo-Naut, Rain is launching Visa-enabled bank cards, enabling stablecoins to be spent anywhere Visa is accepted. Rain allows emerging banks and fintech companies to offer stablecoin payment services. Earlier in March, news broke that Rain had completed a $24.5 million funding round led by Norwest Venture Partners.
According to CoinDesk, crypto trading infrastructure startup aPriori has completed a new round of financing of $20 million, bringing the total capital raised to $30 million. Participants in this round of financing include HashKey Capital, Pantera Capital, Primitive Ventures, IMC Trading, GEM, Gate Labs, Ambush Capital and Big Brain Collective. APriori was founded by a group of former Jump Trading, Coinbase and Citadel Securities engineers. The company is applying high-frequency trading methods to DeFi to solve problems such as excessive spreads and MEV leakage, while redistributing MEV to stakers. The company launched a liquidity staking platform and AI-driven DEX aggregator Swapr, and plans to use the new capital to expand its product and recruitment scale.
Bitcoin-first protocol Portal to Bitcoin secures $50 million in new funding
According to CoinDesk, the Bitcoin-first protocol Portal to Bitcoin has received $50 million in new financing led by Paloma Investments, bringing the project's total financing to $92 million. The funds will be used to support the expansion of the company's adapter BitScaler. BitScaler can scale native Bitcoin without the use of wrapped tokens, custodial bridges, or "messaging or other insecure alternatives." Portal plans to use the new funds to expand its funding program and attract institutional and community liquidity providers. The company is also currently conducting pilot integrations with wallets and custodial platforms to demonstrate non-custodial token swaps.
Analysis & Opinions
According to Cointelegraph, Ethereum co-founder Vitalik Buterin said that there is a 20% chance that quantum computers will be able to crack modern cryptography by the end of 2030.
CryptoQuant: US ETFs have become the main source of Bitcoin spot trading volume
Julio Moreno, Head of Research at CryptoQuant, stated in a post that US ETFs have become the primary source of Bitcoin spot trading volume. Currently, US spot Bitcoin ETFs regularly see daily trading volume of $5 billion to $10 billion on active days, sometimes exceeding that of most cryptocurrency exchanges, reflecting growing institutional demand. However, Binance remains the primary trading venue for both BTC and ETH. Binance continues to lead in spot trading volume, with BTC trading reaching $18 billion at its peak and ETH trading between $8.8 billion and $11.1 billion, surpassing both ETFs and all other exchanges. On key trading days such as August 13 and August 22, Binance's ETH trading volume exceeded ETF ETH trading volume by 54% and 96%, respectively. Ethereum trading is concentrated on cryptocurrency exchanges. Since the 2024 US presidential election, ETH spot trading has been primarily concentrated on Binance (35%), followed by Crypto.com (20%), with ETFs ranking sixth (4%), indicating limited ETF participation in ETH spot trading. This suggests that institutional investors have been slower to adopt Ethereum compared to Bitcoin.
Adam Back: Eventually all companies will become Bitcoin finance companies
According to Bitcoin Magazine, Blockstream CEO and early Bitcoin promoter Adam Back said at the BITCOIN ASIA 2025 conference: "Eventually all companies will become Bitcoin financial companies."
According to the South China Morning Post, Changpeng Zhao, founder of the cryptocurrency exchange Binance, stated in an interview that Hong Kong has the potential to become a major hub for virtual assets, rivaling markets like the United States and the United Arab Emirates, but that Hong Kong regulators must act quickly to realize its potential. Zhao stated that the Hong Kong government has demonstrated a "very clear attitude toward embracing Web3" and is capable of swift action. One immediate reform Zhao recommended is expanding the range of cryptocurrencies permitted to be traded on licensed exchanges in Hong Kong, advocating for a model similar to Japan's, which allows exchanges to independently determine which tokens are eligible for trading.
Institutional holdings
AirNet Technology Inc. (NASDAQ: ANTE) announced the completion of its previously announced registered direct offering to certain investors. The company raised approximately $180 million in gross proceeds through the sale and purchase of 80,826,225 shares of common stock and accompanying warrants. Before deducting offering expenses, all proceeds were paid in digital assets, including approximately 819.07 Bitcoin and 19,928.91 Ethereum. This financing solidifies AirNet's strategic transformation into a dedicated participant in the digital asset ecosystem, with the company hiring a team of experienced cryptocurrency experts to advise on a complex, multifaceted strategy designed to maximize shareholder value.
According to official news, DeFi Development Corp., a US-listed company, announced that it had increased its holdings by 407,247 SOL, bringing its total holdings to 1,831,011 SOL (approximately US$371 million).
Canadian firm Luxxfolio plans to raise $73 million to increase its Litecoin (LTC) holdings
According to Decrypt, Canadian crypto infrastructure company Luxxfolio filed a prospectus on Thursday, aiming to raise up to $100 million Canadian dollars (US$73 million) to expand its Litecoin (LTC) treasury strategy. If approved, Luxxfolio's prospectus will allow it to raise capital through the issuance of equity, debt, or other securities within 25 months. The company aims to purchase one million Litecoins by 2026. A few months ago, the company became the first publicly traded company to use Litecoin as its funding anchor after completely abandoning Bitcoin mining. According to its latest quarterly financial report, the company's key signs of stress include no revenue, a net loss of approximately $197,000 in the second quarter (compared to a net loss of $8,000 in the same period last year), and nine months of losses that more than doubled year-over-year. The company ended the second quarter with only $112,000 in cash and relied on $844,000 in private placements to maintain operations, bringing its total losses to nearly $19 million since its founding in 2017.
Mining News
IREN mining company's annual revenue is expected to exceed $1 billion
According to The Block, Bitcoin miner IREN announced its full-year financial results for the period ending June 30, 2025, sending its stock price up over 12% in after-hours trading. The company reported quarterly revenue of $187.3 million, net income of $176.9 million, and earnings before interest, taxes, depreciation, and amortization (EBITDA) of $241.4 million, including $1 billion in annualized Bitcoin mining revenue "under current mining economic conditions." According to the announcement, IREN has replaced ASIC miners used for Bitcoin mining with GPU miners for its AI cloud at several of its mining centers, including in British Columbia. The company has also invested in a liquid-cooled AI data center called Horizon, expected to be operational in the fourth quarter of 2025, and a Sweetwater facility expected to come online by the end of 2027. Earlier this month, IREN surpassed competitor MARA in both Bitcoin production and mining machine utilization, becoming the leading mining company by hash rate.
Important data
According to Jinshi.com, initial jobless claims in the United States for the week ending August 23rd were 229,000, compared to expectations of 230,000 and a revised figure from 235,000 to 234,000. The annualized quarterly rate of real GDP in the second quarter of the United States was revised to 3.3%, compared to expectations of 3.10% and a previous reading of 3.00%.
Tether Treasury mints 1 billion new USDT on Ethereum
A whale received 73,500 SOL from FalconX and used it for staking, worth $15.65 million
XPL 'manipulator' claims $38 million profit was an accident caused by lack of sleep
The “XPL hedging sniper trader” is suspected to be the top individual holder of WLFI
