Today's news tips:
Forward Industries previously purchased approximately $1.34 billion of SOL at an average price of $232, and currently has a floating loss of $245 million.
Kraken Completes $500 Million Funding, Valuing $15 Billion
Macro
Christine Kim summarized the 221st Ethereum ACDE meeting, focusing on the progress of the Fusaka public testnet upgrade. While the four client teams have yet to release testnet versions, developers unanimously agreed to activate the upgrade as planned on October 1st. The meeting also decided to increase the default block gas limit to 60 million after the Fusaka mainnet upgrade. Furthermore, testing of EIPs related to the Glamsterdam upgrade is progressing, and the EIP process will be streamlined to designate a contact for each proposal. OpenZeppelin engineers introduced EIP 7819, which aims to simplify the creation and updating of smart contract delegate accounts.
Ning Moumou was punished for AI-generated fake article about a "Bitcoin female official"
According to Blue Whale News, the Internet Information Office of Yiyang County, Henan Province, recently investigated and punished a user named Ning for posting an AI-generated fake article on his official account titled "Bitcoin Female Official Jing: The Crazy Corruption Behind 327 Bitcoins." Following an investigation, the Guizhou Provincial Commission for Discipline Inspection has debunked the rumor. Ning confessed to the illegal activities, and public security authorities have imposed administrative penalties in accordance with the law. Last month, the Publicity Department of the Guizhou Provincial Commission for Discipline Inspection and Supervision dismissed the rumor that Jing Yaping had used government servers to mine 327 Bitcoins.
Bloomberg Analyst: Bitwise has submitted Hyperliquid ETF application to the US SEC
Bloomberg analyst James Seyffart posted on the X platform that Bitwise has submitted an application to the US SEC for a Hyperliquid ETF (exchange-traded fund).
Project News
Binance announced the launch of the 46th HODLer airdrop project Falcon Finance (FF), which provides a universal collateral infrastructure for on-chain liquidity and returns. Users who subscribe to guaranteed principal earning or on-chain earning products through BNB between 08:00 on September 14, 2025 and 07:59 on September 17 (UTC+8) will receive airdrop allocations. The FF deposit channel will be open at 18:00 on September 26 (UTC+8), and Binance will list FF and open trading pairs for USDT, USDC, BNB, FDUSD and TRY at 21:00 on September 29 (UTC+8). Seed tag trading rules apply. The total supply of FF tokens is 10 billion, of which 1.5% is used for HODLer airdrops.
Bithumb will add FLUID and CUDIS to its Korean Won trading market
South Korean cryptocurrency exchange Bithumb has announced the upcoming listing of FLUID and CUDIS, along with support for the Korean won (KRW) market. FLUID will be supported on Ethereum, but deposits on other networks are not currently supported.
PeckShield: Hypervault suspected of a Rug Pull, approximately $3.6 million was transferred
PeckShield has detected an unusual fund transfer from Hypervault, with approximately $3.6 million in crypto assets withdrawn. The funds were converted to ETH after being bridged from Hyperliquid to the Ethereum network. 752 ETH were deposited into TornadoCash for coin mixing. This incident is suspected to be a run-and-gun operation, and users should be aware of the associated risks.
Binance Wallet announces Mira (MIRA) airdrop participation threshold: Phase 1 requires 196 points
Binance Alpha has become the first platform to list Mira Network (MIRA). Trading on Alpha will begin today, September 26th, at 6:00 PM (UTC+8). Eligible users can claim an airdrop of 100 MIRA tokens within 24 hours of the start of trading through the Alpha event page. The airdrop will be distributed in two phases: the first (first 18 hours) requires a minimum of 196 Alpha Points; the second (last 6 hours) requires a minimum of 150 Alpha Points. The airdrop will be distributed on a first-come, first-served basis, with the minimum score decreasing by 15 points every hour.
Hold at least 200 Binance Alpha Points to claim a 270 HANA token airdrop
Binance Alpha is the first platform to list the Hana Network (HANA). Trading on Alpha will begin at 19:00 (UTC+8) on September 26, 2025. After trading begins, users holding at least 200 Alpha points will be eligible to claim an airdrop of 270 HANA tokens.
Fractal Bitcoin launches Wrapped FB (WFB) on Ethereum
Fractal Bitcoin has launched Wrapped FB (WFB), an ERC-20 wrapped token on the Ethereum blockchain, aiming to bring the native value of Bitcoin to the Ethereum ecosystem. Each WFB token is reportedly backed 1:1 by FB tokens reserved on the Fractal mainnet, with the reserve publicly verifiable on-chain. An initial 2.1 million FB tokens will be locked on the Fractal mainnet and issued on Ethereum as WFB.
Centrifuge Launches S&P 500 Index Fund SPXA on Base Network
According to CoinDesk, the RWA project Centrifuge announced the launch of SPXA, the first blockchain-based S&P 500 index fund licensed by the S&P Dow Jones Indices, on the Coinbase Base network. Managed by Janus Henderson and Centrifuge's Anemoy, the fund offers 24/7 trading and public holdings. FalconX serves as an anchor investor, while Wormhole is responsible for cross-chain expansion.
According to official news, UXLINK has released a contract migration plan, which will redeem 1 billion UXLINK tokens at a 1:1 ratio on the Ethereum mainnet. The new contract eliminates the burn mechanism; centralized exchanges (CEXs) and on-chain users can redeem tokens manually or through a web portal. A snapshot taken during the initial transfer by the hacker will determine user eligibility. The first batch of CEX redemptions is expected to be completed within 1-5 business days, depending on the CEX's response time. The timeline for additional CEX compensation depends on the recovery of the stablecoin. The on-chain redemption tool is expected to be developed and launched within 5 business days. A separate compensation plan will be provided to affected users. UXLINK is actively recovering the assets sold by the hacker through DEXs, cross-chain bridges, and CEXs. Based on the recovery progress, UXLINK will provide a compensation plan to the community (including CEX users), including but not limited to a buyback program, staking rewards/benefits, and trading incentives.
According to market news, Robinhood US will launch WLFI.
Important data
According to SoSoValue data, Ethereum spot ETFs saw a net outflow of $251 million on September 25th, Eastern Time, marking the fourth consecutive day of net outflows. Fidelity FETH saw a net outflow of $158 million, with a cumulative net inflow of $2.586 billion; Grayscale ETHE saw a net outflow of $30.2657 million, with a cumulative net outflow of $4.592 billion. As of now, the total net asset value of Ethereum spot ETFs is $25.591 billion, representing 5.46% of Ethereum's total market capitalization, with a cumulative net inflow of $13.373 billion.
According to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $258 million on September 25th, Eastern Time. BlackRock's IBIT saw a net inflow of $79.6979 million, bucking the trend, bringing its total inflow to $60.856 billion. Fidelity's FBTC saw a net outflow of $115 million, bringing its total inflow to $12.224 billion. As of now, the total net asset value of Bitcoin spot ETFs is $144.352 billion, representing 6.64% of Bitcoin's total market capitalization, with a total net inflow of $57.233 billion.
3 addresses bought over $22 million worth of XPL tokens
On-chain data shows that address 0x8393 sold 249,999 HYPE (approximately $10.5 million) and bought 7.92 million XPL. Address 0xcc07 deposited $6.27 million USDC into Hyperliquid and bought 5.28 million XPL at a price of $1.19. Address 0xF555 deposited $6 million USDC and bought 5.7 million XPL at a price of $1.05.
According to Decrypt, Plasma confirmed that all users who participated in the pre-deposit program received $8,390 worth of XPL tokens, even if they did not actually purchase XPL through the ICO in the end. Plasma said that within three hours of the launch of its mainnet beta version, half of the ICO participants had already claimed their tokens. Plasma has allocated a total of 25 million tokens to all pre-deposit users, and these tokens will be evenly distributed to all depositors, which means that whether you deposit $1 or $10,000, the additional rewards you receive are the same. The launch of Plasma's mainnet beta version and the token TGE were launched in the same week as its stablecoin native digital bank, Plasma One. The digital bank's card will use the Plasma blockchain as a payment channel and claims to offer 4% cash back on purchases. Plasma executives said that this launch is the first step forward and there are more plans for future actions.
Ethereum co-founder Jeffrey Wilcke deposited 1,000 ETH worth $4 million into Kraken
According to Onchain Lens, Ethereum co-founder Jeffrey Wilcke deposited 1,000 ETH worth $4 million to Kraken with the intention of selling it.
According to on-chain analyst @ai_9684xtpa, the whale/institution 0x790...41023, which invested 50 million USDC in the initial Plasma staking in June this year (two months ago, the address added another 2.7 million USDT to the staking), has obtained 54,081,783.66 XPL, which is worth approximately US$40.56 million at the current price.
According to Lookonchain monitoring, Forward Industries previously purchased 6,822,000 SOL (currently worth approximately US$1.34 billion) at an average price of US$232 and is currently facing a floating loss of more than US$245 million.
Financing/Acquisition
Kraken Completes $500 Million Funding, Valuing $15 Billion
According to Fortune, cryptocurrency exchange Kraken completed a $500 million funding round this month, valuing the exchange at $15 billion. This round, with no lead investor and terms set by Kraken itself, included Tribe Capital and its co-CEO, Arjun Sethi. Kraken acquired NinjaTrader for $1.5 billion this year, adding 2 million users. This funding round prepares Kraken for an IPO, planned for 2026. Kraken primarily serves professional and institutional clients, and recently launched products such as xStocks to promote the integration of traditional finance and crypto assets.
According to Blockworks, Genie founder Scott Gray launched the social trading app Share, securing $5 million in funding from investors including Coinbase Ventures, Collaborative+Currency, and Palm Tree Crypto. Share supports the three major public blockchains: Solana, Base, and Ethereum, providing real-time insights into users' on-chain transactions and allowing users to track wallets, view market trends, and trade tokens. Each wallet automatically generates a Share profile, allowing users to link multiple wallets and Farcaster accounts. Share is poised to compete with similar products like Fomo and the social features of giants like Robinhood and Coinbase.
Honeycomb Protocol has acquired GameShift from Solana Labs
According to Blockworks, Honeycomb Protocol has acquired GameShift from Solana Labs, combining two complementary technology stacks to drive Web3 gaming into the mainstream consumer market. Terms of the transaction have not been disclosed. GameShift was originally developed internally by Solana Labs to simplify the process of adding Web3 elements to games, eliminating the need for game studios to rely on professional blockchain engineers. The combined platform combines developer tools with the Web3 user experience to address the distribution, monetization, and usability challenges that hinder the popularization of Web3 games. The plan is to build GameShift into a "consumer portal," lowering the entry barrier for non-crypto gamers through features such as gas-free wallets and seamless transactions, while leveraging Honeycomb's SDK to provide underlying game logic and high-performance compression technology to significantly reduce on-chain costs.
Institutional-grade liquidity vault startup RockSolid completes $2.8 million in Pre-Seed funding
According to The Block, RockSolid, an institutional-grade liquidity vault startup, has completed a $2.8 million Pre-Seed funding round led by Castle Island Ventures, with participation from Blockchain Builders Fund, GSR, Kindred Ventures, Rocket Pool, and the Stanford Blockchain Accelerator. The company also launched its first official rETH vault, integrated into the Rocket Pool front-end. The new funds will be used to expand the technical, operations, and marketing teams. RockSolid's first product is a white-label, single-click rETH vault, directly integrated into the Rocket Pool staking application interface, providing holders with access to customized DeFi strategies. Castle Island Ventures founding partner Nic Carter emphasized that this initiative aims to lower the barrier to entry for institutional and community participation in DeFi. Currently, Rocket Pool is the third-largest decentralized staking protocol, with over $2.7 billion in locked value.
Divine, a blockchain-based microfinance company, has officially announced the completion of a $6.6 million seed round led by Paradigm and participated by Nascent. Divine reportedly launched Credit, an automated, low-collateralized lending system based on stablecoins, in December 2024 and has since disbursed 175,000 loans to over 100,000 unique borrowers worldwide.
According to Finance Magnates, GCEX Group has acquired GlobalBlock, a cryptocurrency broker specializing in serving high-net-worth clients, which manages over $60 million in assets. The acquisition enables GCEX to extend its business scope from core over-the-counter trading services to the field of wealth management for high-net-worth individuals. GCEX holds operating licenses issued by the UK Financial Conduct Authority, the Danish Financial Supervisory Authority and the Dubai Virtual Asset Regulatory Authority. The company plans to use these compliance qualifications to optimize the onboarding process for GlobalBlock's wealth management clients. The merged entity will work with traditional financial giants such as Galaxy Digital, as well as emerging cryptocurrencies.
Institutional holdings
AlphaTON Capital completes $71 million in financing and acquires the first batch of TON
According to GlobeNewswire, AlphaTON Capital announced the completion of approximately $71 million in funding, including a $36.2 million private placement and a $35 million loan from BitGo. The company has also purchased an initial approximately $30 million worth of TON tokens, becoming one of TON's largest holders globally. The company plans to increase its TON holdings to $100 million by the fourth quarter of 2025 and will participate in TON network validation, staking, and ecosystem project investments.
Pop Culture, a listed company, plans to increase its holdings by 1,000 BTC over the next year.
According to PR Newswire, Pop Culture, a US-listed company, plans to purchase an additional 1,000 BTC in the next year to support its establishment of a $100 million "Crypto Pop Fund" digital trend fund. The company disclosed last week that it had spent $33 million to buy 300 BTC.
HyperionDeFi (NASDAQ: HYPD) announced today that it has purchased an additional 176,422 HYPE tokens, expanding its total holdings to 1,712,195 HYPE tokens at an average purchase price of $38.25 per token.
According to PR Newswire, Ethereum treasury company ETHZilla (NASDAQ: ETHZ) announced plans to deploy approximately $47 million in Ethereum, equivalent to approximately 10,600 ETH, to the liquidity staking reinvestment protocol Puffer. The company hopes to use this to increase the returns on its Ethereum asset reserves.
Scilex Holding Company (NASDAQ: SCLX), an innovative revenue-generating company, announced that it has completed its previously disclosed transaction pursuant to a Securities Purchase Agreement with an institutional investor, exchanging $200 million worth of common stock in its majority-owned subsidiary, Semnur Pharmaceuticals, Inc., for $200 million worth of Bitcoin. Scilex has now received the $200 million in Bitcoin into its crypto account.
French investment firm Melanion plans to raise €50 million to buy Bitcoin
According to PR Newswire, French investment firm Melanion Capital has announced a new strategic initiative positioning itself as a private asset manager implementing a Bitcoin Reserve Operating Model (BTOC). Melanion stated, "Unlike publicly listed companies, Melanion's private structure provides greater flexibility in managing volatility, structuring trades, and managing liquidity. The company will apply this strategy directly on its own balance sheet, demonstrating what a sustainable Bitcoin reserve looks like before providing a framework for other private companies to become BTOCs." To accelerate the implementation of this strategy, Melanion's board of directors plans to raise €50 million, all dedicated to Bitcoin allocations.
Caliber (NASDAQ: CWD), a diversified real estate and digital asset management platform, announced today that it has completed a $4 million strategic acquisition of Chainlink (LINK) tokens, further strengthening its Digital Asset Treasury (DAT) strategy. Caliber purchased 183,421 LINK tokens at an average price of $21.81 per token (including fees and expenses). This purchase brings Caliber's total LINK holdings to 467,632, valued at approximately $10.1 million.
