According to on-chain analyst @ai_9684xtpa, after Sun Yuchen's address was blacklisted early this morning, Taiwanese singer Huang Licheng opened a 5x WLFI long order. He currently holds 10 million WLFI tokens (US$1.82 million) at an opening price of US$0.1822.
According to Onchain Lens monitoring, 5 hours ago, a newly created wallet received 14,000 MKR (worth approximately US$24.74 million) from FalconX.
Tokenized Pokémon TCG saw over $120 million in trading volume across four major markets in August
Messari researcher AJC reported on the X platform that tokenized Pokémon TCG trading volume has surged. Last month, four major exchanges facilitated $124.5 million in trading volume, a 450% increase from January. Specific platform data is as follows: Courtyard.io ranked first, facilitating $78.4 million in trading volume in August (a 49% increase from the previous month). Collector Crypt, the largest exchange in the Solana ecosystem, facilitated $44 million in trading volume in August (a 124% increase from the previous month).
Tokenized asset management platform Plural completes $7.13 million seed round, led by Paradigm
According to PR Newswire, tokenized asset management platform Plural announced the completion of a $7.13 million seed round led by Paradigm, with participation from Maven11, Volt Capital, and Neoclassic Capital, bringing its total funding to nearly $10 million. Plural is building financial infrastructure for the digital economy. Through tokenization and smart contract automation, Plural transforms real-world energy assets like solar, batteries, and data centers into scalable, programmable investment products.
Bitmine purchased another $65.3 million in ETH, bringing its holdings to $7.72 billion.
According to Arkham, Bitmine just bought $65.3 million worth of ETH, bringing its total ETH holdings to $7.72 billion. In addition, Tom Lee is also continuing to increase his ETH holdings.
Arbitrum offers $40 million in token incentives to DeFi users
According to DL News, Arbitrum launched the "DeFi Renaissance Incentive Program" on Wednesday, which provides 80 million Arbitrum tokens worth $40 million to attract DeFi traders to participate in its on-chain money market. The first phase of the program focuses on circular lending strategies, a DeFi strategy in which traders leverage and increase returns by repeatedly borrowing the same collateral. The lending markets and collateral assets that meet the incentive conditions cover all the popular options for mainstream circular lending strategies, including Pendle derivatives. The media stated that when the incentive plan was introduced, the price of Arbitrum's token had fallen 80% from its peak of $2.39 in 2024, and the token rewards may bring significant inflationary pressure to the already weak token.
According to Onchain Lens monitoring, whales and institutions are increasing their holdings of ETH: Bitmine (@BitMNR) received 48,225 ETH (worth approximately US$208 million) from BitGo; a newly created wallet "0xAF8" withdrew 12,692 ETH (worth approximately US$54.84 million) from OKX; a newly created wallet "0xC77" received 18,404 ETH (worth approximately US$79.45 million) from FalconX; another newly created wallet received 3,388 ETH (worth approximately US$14.63 million) from FalconX, and currently holds a total of 18,388 ETH (worth approximately US$79.14 million).
According to Bloomberg, Lead Bank, a 97-year-old Missouri lender restructured to focus on serving fintech and cryptocurrency companies, has raised $70 million in funding at a $1.47 billion valuation—nearly double its valuation last year—as it expands its balance sheet and client base. The bank said the round was led by renowned Silicon Valley investment firms Andreessen Horowitz (a16z) and Khosla Ventures, with participation from existing investors Ribbit Capital, Coatue, and Zeev Ventures, as well as new investors Iconiq Capital and Greycroft. The funds will be used to strengthen its balance sheet and support its expansion into the fintech sector. Lead Bank's clients include buy now, pay later company Affirm Holdings Inc., enterprise spend management platform Ramp Business Corporation, and Bridge, the stablecoin business recently acquired by Stripe Inc.
According to Onchain Lens, an Ethereum ICO participant pledged 150,000 ETH (worth approximately $656 million) to ETH2 after eight years of inactivity. This participant had previously received 300,000 ETH during the ICO, which was worth a total of $93,300 at the time.
Stuttgart Stock Exchange launches pan-European tokenized asset settlement platform Seturion
According to Cointelegraph, Boerse Stuttgart Group, Europe's sixth-largest exchange operator, has launched Seturion, a blockchain-based settlement platform designed to handle cross-border transactions of tokenized assets across Europe. The platform is aimed at banks, brokers, trading venues, and tokenization platforms. The system supports both public and private blockchains, and settlements can be made using central bank currency or on-chain cash. Local banks have tested it in blockchain trials with the European Central Bank (ECB). The group stated that its own exchange will be the first to connect to the platform. Currently, BX Digital, a DLT trading venue based in Switzerland and regulated by the Stuttgart Stock Exchange, has already activated the solution. Access to other market participants requires regulatory approval.
Figma Releases Q2 Earnings Report: Holding $90.8 Million in Bitcoin ETFs
According to Zhitong Finance, Figma, an American design software developer, announced that its overall revenue for the second quarter (ending June 30, 2025) was approximately US$249.6 million, a year-on-year increase of 41%, but slightly lower than the average forecast of US$250 million given by Wall Street analysts. The document shows that as of June 30, the company held approximately US$1.6 billion in cash, cash equivalents and marketable securities, including US$90.8 million in Bitcoin exchange-traded funds (i.e., Bitcoin ETFs). Dylan Field, the company's co-founder and CEO, said: "We are not intending to become Michael Saylor. This is not a treasury company based on Bitcoin holdings. This is a design company, but I think it has its place on the balance sheet and as part of a diversified treasury strategy."
UK regulator drafts new anti-money laundering rules for crypto firms
According to Decrypt, this week, the UK Treasury published draft proposals for amendments to current anti-money laundering regulations aimed at closing gaps and addressing evolving risks, including stricter requirements for cryptocurrency businesses. The draft document states: "This update aims to create a more risk-based, proportionate, and robust system for combating financial crime, while ensuring it is practical for the industry. The government also commits to improving industry guidance on anti-money laundering/counter-terrorist financing (AML/CTF) compliance across a range of issues and issuing separate guidance on the use of digital identity verification for AML/CTF purposes." The new draft proposes several changes for cryptocurrency businesses. The UK Financial Conduct Authority will implement a broader "fit and proper person" test for company controllers, replacing the current beneficial owner test to ensure regulation covers complex ownership structures. Other provisions will reduce the threshold for notification of changes in control from 25% to 10%, bringing it into line with the Financial Services and Markets Act (FSMA) regime. This means that any party acquiring a stake of 10% or more, or exercising significant influence, will be required to notify the FCA. The draft also includes amendments to customer due diligence, trust registration, agency banking restrictions, and technical updates such as converting the threshold amount from euros to pounds. The UK Treasury is soliciting feedback on the draft until September 30, after which the regulations will be finalized and submitted to Parliament for review in early 2026.
Analyst: REX-Osprey may launch the first Dogecoin ETF as early as next week
According to The Block, following the launch of the Solana staking ETF earlier this summer, REX Shares and Osprey Funds may launch the first ETF directly investing in Dogecoin as early as next week. On Wednesday, the team submitted the prospectus for the REX-Osprey Dogecoin ETF to the US Securities and Exchange Commission. The fund will trade under the ticker symbol DOJE and also mentions ETFs related to XRP, BONK, and TRUMP, as well as Bitcoin, Ethereum, and SOL. Bloomberg Intelligence analyst Eric Balchunas stated that REX may first launch the Dogecoin ETF next week through the Investment Company Act of 1940, with ETFs for TRUMP, XRP, and BONK also possible at a later date. The prospectus indicates that DOJE will gain exposure through investments in its Cayman Islands subsidiary, and the strategy and risk disclosures reflect the overall operations of the fund and subsidiary.
Stripe and Paradigm launch Tempo, a joint blockchain project designed for stablecoin payments
According to CoinDesk, payments giant Stripe and crypto investment firm Paradigm officially launched Tempo, a joint blockchain project designed specifically for stablecoin payments, on Thursday. Stripe CEO Patrick Collison stated on the X platform that the project, incubated internally within Stripe, aims to meet the large-scale demands of real-world financial applications, processing tens of thousands of transactions per second with sub-second confirmations. Tempo aims to process 100,000 transactions per second, support stablecoins for transaction fees, and employ a built-in automated market maker to ensure issuer neutrality. The chain is compatible with the Ethereum Virtual Machine and built on Reth. Tempo is an independent entity, with Paradigm and Stripe as early investors. Paradigm CEO Matt Huang, who leads a 15-person team, stated that Tempo is being built on the principles of decentralization and neutrality, launching with multiple validators and transitioning to a permissionless model in the future.
According to The Block, on-chain data shows that after Justin Sun transferred $9 million worth of WLFI tokens, World Liberty Financial, backed by the Trump family, blacklisted Sun's wallet early this morning, locking 545 million unlocked tokens and 2.4 billion locked tokens. WLFI's price began to fall hours before Sun transferred the tokens. Coingecko data shows that WLFI has fallen 13.8% in the past 24 hours. Sun wrote on the X platform: "Our address only conducted a few routine exchange deposit tests with extremely low amounts. We subsequently dispersed the address. We were not involved in any buying or selling operations and are unlikely to have any market impact."
US SEC postpones approval of 21SHARES spot SUI ETF
According to Solid Intel, the U.S. Securities and Exchange Commission (SEC) has postponed its approval decision on the 21SHARES spot SUI ETF.
BlockSpaceForce and Mainnet Capital launch crypto hedge fund, aiming to manage $100 million
According to The Block, Singapore-based BlockSpaceForce and Mainnet Capital have partnered to launch a crypto hedge fund focused on investing in digital asset treasuries (DATs) and other publicly listed crypto-related companies, with a target asset under management of $100 million. The fund, with an open-ended structure, has already invested in DATs such as Kindly MD, Inc. (NAKA), SharpLink Gaming Inc. (SBET), and SUI Group Holdings Ltd. (SUIG), focusing on mainstream digital assets such as Bitcoin, Ethereum, Chainlink, and Solana. The fund selects investments based on three criteria: structural soundness, capital efficiency, and strategic advantage. It is open only to institutional and accredited investors.
According to The Block, Ethereum (ETH)'s monthly spot trading volume on centralized exchanges reached approximately $480 billion in August, surpassing Bitcoin (BTC)'s $401 billion for the first time. Several companies, such as BitMine Immersion and SharpLink Gaming, disclosed large ETH purchases, driving up their holdings. During the same period, US spot ETH ETFs saw net inflows of $3.95 billion, while BTC ETFs saw net outflows of $301 million. ETH's year-to-date gain exceeded 105%, while BTC's was approximately 18%.
US SEC releases agenda to revise cryptocurrency policy and relax Wall Street rules
According to Reuters, the U.S. Securities and Exchange Commission (SEC) has officially announced its regulatory agenda for the coming months. The SEC plans to propose rules for the issuance and sale of cryptocurrencies, which may include exemptions and safe harbors. The SEC is also considering allowing crypto assets to be traded on national securities exchanges and alternative trading systems. Furthermore, the SEC plans to streamline Wall Street disclosure requirements and reduce the compliance burden on the industry. Previously, the SEC had dropped lawsuits against crypto trading platforms such as Coinbase and Binance.
Kraken acquires Breakout trading platform
Kraken has acquired Breakout, a proprietary trading platform co-founded by TraderMayne and CryptoCred, to bolster its professional trading tools and market coverage, according to Reuters.
Mega Matrix Submits $2 Billion Securities Registration Statement to Advance DAT Strategy
According to PRNewswire, Mega Matrix (NYSE American: MPU), a New York Stock Exchange-listed company, has filed a $2 billion general securities registration statement with the U.S. Securities and Exchange Commission (SEC). The registration statement aims to accelerate its stablecoin governance token (DAT) strategy and systematically accumulate mainstream governance tokens. Upon the effective date of the registration statement, the company may issue common stock, preferred stock, bonds, and other securities in tranches based on market conditions to support its DAT strategy, primarily targeting the Ethena governance token $ENA. The registration statement has not yet become effective, and the underlying securities are not available for sale.
Morph announced the completion of the destruction of 220,000,000 BGB tokens related to its strategic partnership with Bitget Global, all of which are traceable on-chain. An additional 220,000,000 BGB tokens are locked in a separate address of the foundation, with 2% unlocked monthly over the next 50 months. Morph also plans to migrate BGB tokens from the Ethereum blockchain to the Morph blockchain. Both the destruction and locking details have been published on-chain.
Fireblocks launches stablecoin payments network
According to Fortune, Fireblocks announced the launch of the "Fireblocks Network for Payments," enabling crypto and financial institutions to easily transfer multiple stablecoins. The network already has over 40 participants, including Bridge (acquired by Stripe), Zerohash, Yellow Card, and Circle (which went public in June). Fireblocks processed $212 billion in stablecoin volume in July. The new network aims to streamline cross-border stablecoin exchange and transfers, improving efficiency and reducing the risk of errors.
RedStone acquires DeFi credit rating platform Credora
According to CoinDesk, blockchain oracle service provider RedStone announced the acquisition of on-chain credit rating platform Credora for an undisclosed amount. Credora is backed by Coinbase Ventures, S&P, and Hashkey. Following the acquisition, Credora will operate under the new brand "Credora by RedStone," focusing on risk ratings for DeFi assets and yield strategies. Credora co-founders Darshan Vaidya and Matt Ficke will serve as strategic advisors to RedStone, assisting with integration and rollout. RedStone stated that it will provide rating services similar to those offered by S&P and Moody's for the decentralized market.
The number of "small non-farm" figures is lower than expected
The U.S. ADP employment figures for August increased by 54,000, below market expectations of a 65,000 increase and the previous reading of 104,000.
Data: The total amount of Bitcoin held by listed companies has exceeded 1 million
According to BitcoinTreasuries.NET data, the total amount of bitcoins held by listed companies worldwide has exceeded 1 million, accounting for about 5% of the total issuance of bitcoins.
Justin Sun transfers 50 million WLFI tokens, suspected to be deposited in HTX
According to Onchain Lens, Justin Sun transferred 50 million WLFI (worth $9.12 million) to a new wallet, which is suspected to be deposited into HTX.
Union Mainnet Officially Launched, U Tokens Now Available for Community Contributors
According to an official announcement, the Union public chain mainnet has officially launched, with the first validators already producing blocks on the union-1 network. U tokens are now available for community contributors to claim. Officials claim that the mainnet supports multi-chain interoperability and has securely transferred over $145 million in BTC, LSTs, BABY, and other assets. U represents the core of the network's gas, fees, governance, and security. The first round of U Drops has already begun, with subsequent 8% incentives and ecosystem fund allocations to follow. Escher eU liquid staking and uname cross-chain identity registration will soon be available.
According to data from the validatorqueue website, as of now, the number of ETH in the Ethereum PoS network exit queue is 825,453, with a waiting time of approximately 14 days and 8 hours. During the same period, the number of ETH waiting to be activated has increased to 833,609, with an estimated activation delay of approximately 14 days and 11 hours.
