According to on-chain analyst Yu Jin, a whale/institution that has been withdrawing large amounts of ETH from OKX since August 29th withdrew another 5,100 ETH ($22.02 million) from OKX via a single address 45 minutes ago. This whale/institution has withdrawn a total of 42,682 ETH ($188 million) from OKX over the past five days, using three addresses, at an average price of $4,403. Additionally, their address holds 80.8 million USDT, which they withdrew from OKX in July.
Testing of the Rumble Bitcoin Wallet has officially begun
According to Bitcoin News, Chris Pavlovski, CEO of video-sharing platform Rumble, confirmed that testing of the Rumble Bitcoin wallet has officially begun and that he has successfully purchased Bitcoin using the wallet. This follows news in July that Rumble would partner with MoonPay to launch the crypto wallet Rumble Wallet in Q3.
Morgan Stanley disclosed that it purchased $188 million worth of Bitcoin ETF in Q2
According to The Bitcoin Historian, Morgan Stanley, with assets of $1.7 trillion, disclosed that it purchased $188 million worth of Bitcoin ETFs in the second quarter.
Two Abraxas Capital accounts lost over $100 million from shorting cryptocurrencies
According to Arkham monitoring, two accounts affiliated with Abraxas Capital shorted over $919.9 million worth of cryptocurrencies on the Hyperliquid platform, including BTC, ETH, HYPE, and WLFI. Currently, these two accounts have lost over $106.6 million. The Bitcoin liquidation prices for these two accounts were $151,530 and $149,910, respectively. Note: Abraxas Capital entities also hold over $2.49 billion in BTC and $486 million in ETH, positions with positive delta (i.e., net long, not net short). They may be engaging in funding rate mining on Hyperliquid. They may also hold other positions on Binance or CEX, but these positions are not visible on-chain.
Publicly listed CIMG Inc. completes transaction of $55 million in common stock for 500 bitcoins
According to PR Newswire, CIMG Inc. (NASDAQ: IMG), a digital health and sales development business group, announced that it completed its previously announced common stock sale on September 2, 2025, selling 220 million shares at $0.25 per share for a total of $55 million in proceeds in exchange for 500 bitcoins. Wang Jianshuang, Chairman and CEO of CIMG, emphasized, "Looking ahead, the company plans to continue increasing its digital asset reserves and explore collaborations with AI and crypto ecosystems, such as Merlin Chain."
WLFI destroyed 47 million WLFI from the unlocked vault wallet 6 hours ago
According to on-chain analyst Ember, WLFI destroyed 47 million WLFI (US$11.34 million) from its unlocked treasury wallet six hours ago, officially commemorating the buyback and destruction governance proposal. Furthermore, after going online for trading the night before, they repurchased 6.498 million WLFI on-chain at an average price of US$0.308 using 2 million USD1.
pump.fun Launches "Project Ascend" Update, Introducing Dynamic Fees V1
pump.fun announced the launch of "Project Ascend," an update to its token program aimed at improving its sustainability and strengthening its engagement with the community. These updates include: 1. a 10x increase in creator earnings through a dynamic fee mechanism; 2. a 10x increase in processing time for CTO creator fee requests. pump.fun explained that Dynamic Fees V1 features a new tiered creator fee structure designed specifically for PumpSwap. Creator fees are tiered by market capitalization, meaning higher token market capitalization results in lower creator fees.
Starknet announced on the X platform that it has fully resumed normal operations. Block production has returned to normal. Transactions submitted between 10:21 AM and 10:45 AM UTC were not processed, and the chain has been rolled back to block 1962681. All transactions from that point forward must be resubmitted. A full incident report detailing the incident, its causes, and preventative measures will be released soon. Earlier news from last night indicated that Starknet had experienced another outage, and engineers are working to address the issue.
The Ethereum Foundation deposited 10,000 ETH to Kraken 4 hours ago
According to Onchain Lens, four hours ago, the Ethereum Foundation deposited 10,000 ETH (worth approximately $43.21 million) with Kraken for sale. This operation is part of its ongoing efforts to fund R&D, grants, and donations. Earlier, the Ethereum Foundation announced that it would sell 10,000 ETH to fund R&D, grants, and donations.
German digital asset custody company Tangany has completed €10 million in Series A funding
According to Crowdfundinsider, German digital asset custody company Tangany has completed a €10 million Series A funding round led by Baader Bank, Elevator Ventures/Raiffeisen Bank International, and Heliad Crypto Partners, with continued support from HTGF and Nauta Capital. Tangany, regulated by Germany's securities regulator, Bafin, stated that it is preparing for European expansion in accordance with the EU's MiCA regulations. Tangany reports that it has over €3 billion in assets under custody and serves over 700,000 accounts for over 60 institutional clients. Tangany previously raised a €7 million seed round in 2020.
Venus Protocol: The protocol has been fully restored and the lost funds have been recovered
Venus Protocol, a lending protocol on BNB Chain, stated on the X platform that as of 05:58 Beijing Time, Venus Protocol has fully recovered (with withdrawal and liquidation functions re-opened); lost funds have been recovered under Venus's protection. Yesterday, news broke that a Venus Protocol user on BNB Chain lost $27 million in digital assets by mistakenly approving a malicious transaction, granting token permissions. Venus Protocol clarified that it had not been attacked, subsequently suspended services, and initiated an emergency vote to forcibly liquidate the attacker's positions.
Coinbase to Launch Index Futures Trading Including Nvidia and BlackRock Bitcoin ETF
According to The Block, Coinbase announced Tuesday that it will launch an index futures product combining exposure to leading stocks and cryptocurrency ETFs. The new product, called "Mag7 + Crypto Equity Index Futures," began trading on September 22nd, offering traders the opportunity to trade an index that blends leading tech stocks with BlackRock's spot Bitcoin and Ethereum ETFs. It also includes a balanced portfolio of Coinbase's own stock, as well as Apple, Microsoft, Google's parent company Alphabet, Amazon, Nvidia, Meta, and Tesla. The index will be calculated using an equal-weighted methodology, with each of its ten constituent stocks representing 10% of the index.
According to CoinDesk, the Ethereum Foundation announced on Tuesday on the X platform that it plans to sell 10,000 ETH through centralized exchanges in the coming weeks. The proceeds will be used to support research and development, ecosystem funding, and related donations. The ETH will be exchanged in multiple small orders rather than a single large transaction. This follows the Ethereum Foundation's announcement of a new treasury management policy in early June, which capped annual operating expenses at 15%, established a multi-year reserve buffer, and set a long-term, gradual reduction schedule. The Foundation sold an additional 10,000 ETH to SharpLink Gaming in July, making it the first publicly traded company to purchase ETH from the Ethereum Foundation.
According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) stated in a joint statement that certain crypto assets can be traded if they obtain approval from the two U.S. market regulators. The statement also noted that registered trading platforms can now conduct such business with the permission of the two agencies. Tuesday's statement also stated that the two agencies are working together to promote the trading of certain spot crypto asset products on registered exchanges. The two agencies believe that designated contract markets registered with the CFTC, as well as national securities exchanges registered with the SEC, can facilitate such trading and invited relevant entities to contact them to determine how to proceed. SEC Chairman Paul Atkins stated that market participants should have the freedom to choose their trading venues. CFTC Acting Chairwoman Caroline Pham stated that the statement highlights their shared goal of supporting the growth and development of these markets and will not be the last. Tuesday's statement did not mention specific cryptocurrencies, and the regulators stated that they are ready to communicate with trading venues on market principles.
Spot gold breaks through $3,510/oz, setting a new record high
Spot gold broke through the high of $3,508.7 per ounce set earlier today, rising above $3,510 per ounce, setting a new historical high.
Kraken Partners with Backed to Bring xStocks to Ethereum
According to CoinDesk, Kraken and Swiss firm Backed have announced the launch of their tokenized stock product, xStocks, on the Ethereum mainnet. Users can deposit and withdraw xStocks on the Ethereum blockchain using ERC-20 tokens, enabling interoperability with DeFi protocols. xStocks has previously launched on Solana, BNB Chain, and TRON, with cumulative trading volume reaching $3.5 billion.
At the US stock market opening, the Dow Jones Industrial Average fell 0.9%, the S&P 500 fell 1.2%, and the Nasdaq fell 1.7%. Star tech stocks fell across the board, with Nvidia (NVDA.O) down 2.6%, TSMC (TSM.N) down 2%, and Tesla (TSLA.O) down 1.9%. CleanCore Solutions (NYSE: ZONE), which announced a $175 million private placement to establish a DOGE reserve, opened over 58% lower, currently trading at $2.71 per share.
According to GlobeNewswire, Tron Inc. (NASDAQ: TRON) announced that its controlling shareholder, Bravemorning Limited, has invested an additional $110 million and exercised all of its warrants, adding 312,500,100 TRX to the company's treasury, bringing its total holdings to $220 million. Bravemorning's cumulative investment has reached $210 million, increasing its stake to 86.6%. Tron Inc. is now the largest holder of TRX in the public market and continues to advance its blockchain asset management strategy.
Yunfeng Financial: Purchased 10,000 ETH, with a total investment cost of US$44 million
Yunfeng Financial announced that its board of directors has approved the purchase of ETH on the open market as a reserve asset. As of the date of this announcement, the group has purchased a total of 10,000 ETH on the open market, with a total investment cost (including fees and expenses) of US$44 million. The purchase was funded from the group's internal cash reserves, and the ETH purchased is included as an investment asset in the group's financial statements.
ETHZilla announces $100 million in ETH will be used for EtherFi re-staking
According to PR Newswire, ETHZilla (NASDAQ: ETHZ) announced plans to deploy approximately $100 million in ETH to the DeFi protocol EtherFi for re-collateralization, increasing its treasury yield and strengthening Ethereum security. The company currently holds 102,246 ETH, valued at approximately $456 million, at an average purchase price of $3,948.72. Furthermore, ETHZilla has completed the cancellation of 1.318 million shares of common stock held by Elray Resources, Inc. The company stated that it will continue to advance DeFi integration and treasury management innovation.
Kite secures $18 million in funding led by PayPal and General Catalyst
According to Fortune, AI blockchain startup Kite announced the completion of an $18 million Series A funding round, led by PayPal Ventures and General Catalyst, with participation from 8VC and Samsung Next. Kite aims to build blockchain infrastructure to support communication between AI applications, bringing its total funding to $33 million. Kite plans to use blockchain to provide identity authentication and trust mechanisms for AI agents, promoting their application in scenarios such as automated online shopping.
SharpLink added 39,008 ETH, bringing its total holdings to 837,230
SharpLink announced it purchased 39,008 ETH at an average price of approximately $4,531, bringing its total holdings to 837,230 ETH, valued at approximately $3.6 billion. During the same period, it raised $46.6 million through its ATM facility, accumulated staking rewards of 2,318 ETH, and maintained over $71.6 million in cash on hand.
Strategy purchased an additional 4,048 BTC, bringing its total holdings to 636,505.
Strategy (formerly MicroStrategy) purchased 4,048 bitcoins for a total of US$449.3 million between August 26 and September 1, bringing the company's total holdings to 636,505 BTC.
According to PR Newswire, BitMine Immersion Technologies (BMNR) announced the release of its August investor presentation and a video featuring Chairman Tom Lee, revealing that as of August 31st, its total cryptocurrency and cash holdings reached $8.98 billion, including 1,866,974 ETH (worth $4,458 per coin), 192 BTC, and $635 million in cash. BitMine holds the world's largest ETH vault and the second-largest cryptocurrency vault, second only to Strategy Inc. (MSTR). BitMine's institutional investors include ARK, Founders Fund, and Pantera. The company emphasized that the GENIUS Act and SEC Project Crypto will drive the long-term development of Ethereum. The presentation and video are now available on its website.
Ether Machine secures $654 million in private Ethereum funding, led by Jeffrey Berns
According to Reuters, Ether Machine announced that it has secured 150,000 ether (approximately $654 million) in a private placement, with investment from longtime supporter Jeffrey Berns. The funds will be transferred to the company's wallet this week. Berns will join the board of directors. The company, formed through the merger of Ether Reserve and Dynamix Corporation, plans to list on the Nasdaq. It currently holds over 495,362 ether (approximately $2.16 billion) and $367 million in funding. Citibank continues to lead a new $500 million funding round.
BGB upgraded to Morph public chain token, destroying 220 million at one time
According to the Bitget announcement, the Bitget team will transfer all 440 million BGB tokens held by the Bitget team to the Morph Foundation. Morph will destroy 220 million BGB tokens, leaving the remaining 220 million locked and unlocking 2% monthly for ecosystem incentives. BGB will become the gas and governance token of the Morph chain. The Morph Foundation will be responsible for BGB's future development and will update the BGB destruction mechanism, with a target total supply of 100 million tokens. The Morph mainnet was launched in Q4 2024, with a peak TVL exceeding $150 million.
Binance Alpha to List Tradoor (TRADOOR) on September 4th
Binance Alpha will list Tradoor (TRADOOR) on September 4th. Eligible users can claim the airdrop using Alpha points on the event page after trading opens.
SonicStrategy Secures $40 Million Investment from Sonic Labs
SonicStrategy announced a $40 million (approximately $55 million CAD) investment from Sonic Labs. The funding will be used to expand the team, advance product development, and accelerate market expansion. Sonic Labs stated that the investment aims to support SonicStrategy's innovation in the Web3 space.
BNC's BNB holdings increased to 388,888, aiming to reach 1% of the supply by the end of the year
BNB Network Company (BNC, formerly CEA Industries) announced that it has increased its BNB holdings to 388,888 tokens, with a market capitalization of approximately $330 million. It plans to increase its holdings to 1% of the total BNB supply by the end of the year.
Venus Protocol users lost $27 million to phishing attacks: Security agency
According to Cyvers Alerts, Venus Protocol's core pool Comptroller on the BNB chain was updated to a malicious contract address, resulting in the transfer of approximately $27 million in assets (including vUSDC, vETH, etc.). The stolen funds are currently still in the attacker's contract and have not yet been redeemed. Cyvers Alerts subsequently deleted the tweet. PeckShieldAlert stated that a Venus Protocol user approved a malicious transaction and granted token transfer permissions to the attacker's address (0x7fd8...202a), resulting in the theft of approximately $27 million in crypto assets. Cyvers later corrected the statement: A Venus Protocol user on the BNB Chain mistakenly approved a malicious transaction and granted token permissions, resulting in the loss of $27 million in digital assets. The stolen funds are currently still in the attacker's contract and have not yet been redeemed.
