Today's news tips:
Binance will delist BAKE, HIFI, and SLF
Spot gold breaks through $3,510/oz, setting a new record high
WLFI destroyed 47 million WLFI from the unlocked vault wallet
pump.fun Launches "Project Ascend" Update, Introducing Dynamic Fees V1
ETHZilla announces $100 million in ETH will be used for EtherFi re-staking
A whale invested $13.29 million in BLOCK and WLFI
Blockchain lender Figure seeks valuation over $4.1 billion in US IPO
Macro
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.
According to the official website of the Ministry of Foreign Affairs, the Council of Heads of State of the Shanghai Cooperation Organization member states issued a statement on further strengthening cooperation in scientific and technological innovation, which pointed out that it will promote joint research and development in areas such as cloud computing, big data, blockchain, exchange experiences and knowledge in the field of digital economy, and strengthen cooperation in areas such as cross-border data flow, bridging the digital divide, opening up digital markets and setting international standards.
Viewpoint
Crypto trader James Wynn stated on social media that the Solana ecosystem has become a "saturated market" filled with short-term speculators and farm-based activities, making it difficult for crypto meme coins to achieve long-term value. He believes that even FartCoin, once considered a success, is just another Ponzi scheme that may eventually go bankrupt. In his view, the only projects currently with true blue-chip potential in the crypto market are Doge, Shib (though not exactly a "meme"), and Pepe. Other projects, even if they exist, have little chance of becoming blue-chip projects. He also noted that the crypto community used to be able to remain active and successful amid market volatility, but this characteristic is now fading. He also pointed out that unless there is a future interest rate cut, a new high in Q4, and a strong return of retail investors, the overall crypto meme coin market is in a slump. Yesterday, news broke that James Wynn had opened a long position in ETH with 25x leverage.
Project News
Binance Alpha: Portal To Bitcoin (PTB) Phase 1 Airdrop: The minimum claim threshold is 245 points
According to Binance's official Chinese website, Binance Alpha has become the first platform to list Portal To Bitcoin (PTB). Trading will open on September 3, 2025, at 8:00 PM (Beijing Time), with futures trading opening at 8:30 PM on the same day. Eligible users can claim a 1,320 PTB token airdrop on the event page. The airdrop will be distributed on a first-come, first-served basis. The first phase requires holding at least 245 Alpha Points, while the second phase requires holding at least 220 Alpha Points.
Binance: Hyperbot (BOT) TGE participation threshold: 231 Alpha Points
According to the official announcement, Binance announced that Binance users with 231 or more Binance Alpha points can participate in the Hyperbot (BOT) TGE event through the Alpha event page. Participation in this TGE event will deduct 15 points.
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.
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.
Binance Alpha to List Gata (GATA)
According to an official announcement, Binance Alpha will list Gata (GATA) on September 4th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens. Detailed details will be announced later.
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.
Binance will delist BAKE, HIFI, and SLF
According to the official announcement, Binance has decided to stop trading and delist the following cryptocurrencies at 11:00 AM (GMT+8) on September 17, 2025: BakeryToken (BAKE), Hifi Finance (HIFI), and Self Chain (SLF).
Important data
Analysis: Ethereum staking queue surges to two-year high driven by institutional buying
As Cointelegraph reported, the amount of Ethereum waiting to be staked surged to its highest level since 2023 as institutional traders and cryptocurrency savings companies seek rewards for their holdings. On Tuesday, the Ethereum staking queue reached its highest level since September 2023, with on-chain data showing 860,369 ETH (worth approximately $3.7 billion) waiting to be staked. After hitting a record high of just over 1 million ETH on August 29th, the staking exit queue nearly reached equilibrium for the first time. The exit queue subsequently declined by 20%, indicating a slowdown in the rate of Ethereum unstacking. Data from Ultrasound.Money shows that 35.7 million ETH, worth approximately $162 billion, or 31% of the total supply, has been staked on the blockchain.
According to SoSoValue data, Ethereum spot ETFs saw a net outflow of $135 million yesterday (September 2nd, US Eastern Time). The Fidelity ETF (FETH) saw the largest daily net outflow, with a net outflow of $99.2333 million, bringing FETH's total net inflow to $2.666 billion. The next largest outflow was the Bitwise ETF (ETHW), with a net outflow of $24.2249 million, bringing ETHW's total net inflow to $411 million. As of press time, the total net asset value of Ethereum spot ETFs stood at $27.986 billion, with a net asset value ratio (market capitalization relative to Ethereum's total market capitalization) of 5.38%, and cumulative net inflows reaching $13.378 billion.
According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $333 million yesterday (September 2nd, US Eastern Time). The Bitcoin spot ETF with the largest single-day net inflow yesterday was the Fidelity ETF FBTC, with a net inflow of $133 million, bringing FBTC's total net inflow to $11.885 billion. The second largest was the Blackrock ETF IBIT, with a net inflow of $72.8631 million, bringing IBIT's total net inflow to $58.380 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $143.208 billion, with a net asset value ratio (market capitalization relative to the total Bitcoin market capitalization) of 6.45%, and cumulative net inflows to $54.574 billion.
A whale invested $13.29 million in BLOCK and WLFI
According to @ai_9684xtpa, a die-hard Trump fan has invested $13.29 million in BLOCK and WLFI. The following operations were performed by the address 0x8C4...96CAd: They invested 426 ETH and 170.3 ETH in WLFI's first and second public offerings, unlocking 10.22 million tokens, which they have not sold. Starting on August 26th, they spent 298 ETH to purchase 8.5 million BLOCK tokens, valued at $1.21 million, making them currently one of the top six individual holders. Over the past 15 hours, they withdrew 40.87 million WLFI tokens from Bybit, valued at $10.07 million, at an average price of $0.2464. They currently hold a total of 51.09 million WLFI tokens.
Jump withdrew 50.68 million WLFI from CEX 4 hours ago, worth approximately $11.58 million
According to The Data Nerd @OnchainDataNerd, the WLFI token has recently experienced several significant on-chain activities: Four hours ago, Jump withdrew a total of 50.68 million WLFI tokens from Bybit and Binance, valued at approximately $11.58 million. Sixteen hours ago, a whale account at address 0x8C4 withdrew 40.87 million WLFI tokens from Bybit, valued at approximately $10 million. The WLFI project has destroyed 47 million tokens, valued at approximately $11.34 million.
Financing/Acquisition
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.
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.
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.
Blockchain lender Figure seeks valuation over $4.1 billion in US IPO
According to Reuters, blockchain lender Figure Technologies said on Tuesday that its initial public offering (IPO) target valuation is up to $4.13 billion. Figure and some of its existing investors plan to sell 26.3 million shares in the IPO, with an expected price range of $18 to $20 per share, aiming to raise up to $526.3 million. Goldman Sachs, Jefferies and Bank of America Securities are the lead underwriters. Figure will be listed on the Nasdaq under the ticker symbol "FIGR". It is reported that Figure was co-founded by technology entrepreneur Mike Cagney in 2018 and operates a blockchain-based native platform focusing on lending, trading and investment in consumer credit and digital assets.
Stablecoin project Reflect Money announced it has closed a $3.75 million seed round led by a16z Crypto's CSX Accelerator, with participation from Solana Ventures, Equilibrium, BigBrain Holdings, and Colosseum. The new funds will be used to build a "software-as-stablecoin" infrastructure, enabling any application to issue interest-bearing US dollars without locking up funds or complex operations.
Institutional holdings
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.
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."
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.
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.
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.
CleanCore Solutions announces $175 million private placement to establish official Dogecoin reserve
CleanCore Solutions (NYSE: ZONE) announced the completion of a $175 million private placement, issuing 175,000,420 prepaid warrants. The funds will be used to establish an official Dogecoin reserve fund, backed by the Dogecoin Foundation and the House of Doge. Alex Spiro will serve as Chairman of the Board, with Timothy Stebbing and Marco Margiotta joining the board. DOGE will serve as the company's primary reserve asset. The company will promote applications such as payments and asset tokenization, and will collaborate with 21Shares to explore ETFs and staking yields. Participating investors include Pantera, GSR, FalconX, and over 80 other institutions.
Sharps Technology announced that it has acquired more than 2 million SOL
Sharps Technology (NASDAQ: STSS) has made its first acquisition of Solana (SOL) as the core of its digital asset treasury strategy, currently holding over 2 million SOL tokens, valued at over $400 million. The company funded this acquisition with a recent PIPE equity financing .
