Today's news tips:
1. Non-farm payroll data was significantly lower than expected, and the unemployment rate hit a four-year high.
2. Trump said Hassett, Warsh and Waller are the top three candidates for Federal Reserve Chairman
3. The draft bill of the US Senate Banking Committee excludes staking, airdrops, and DePIN from securities laws
4. Hyperliquid will soon open USDH stablecoin ticker voting
5. Justin Sun: Will purchase $10 million worth of ALTS and $10 million worth of WLFI
6.WLFI: 272 wallets are blacklisted and frozen to prevent user losses
7. Robinhood was included in the S&P 500 index, and Strategy's stock price fell nearly 3% after the market closed due to its failure to be included.
8. Omni announces name change to Nomina and initiates $NOM token migration
Macro
According to the official website of the People's Bank of China, the central bank, along with eight other departments—the Ministry of Foreign Affairs, the Ministry of Public Security, the Ministry of State Security, the Ministry of Justice, the Ministry of Finance, the Ministry of Housing and Urban-Rural Development, and the State Administration for Market Regulation—has jointly issued the "Administrative Measures for Special Preventive Measures against Money Laundering (Draft for Comment)" and is now open for public comment. The public can submit feedback by email, letter, or fax until October 5, 2025. The measures aim to standardize anti-money laundering measures, implement relevant laws, and enhance international assessments.
The U.S. non-farm payrolls increased by 22,000 in August, seasonally adjusted, below market expectations of 75,000. The U.S. unemployment rate was 4.3% in August, in line with market expectations and the highest since October 2021.
According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in September is 0%, the probability of a 25 basis point rate cut is 88.3%, and the probability of a 50 basis point rate cut is 11.7% (the probability was 0 before the data was released). The probability of the Fed keeping interest rates unchanged in October is 0.4%, the probability of a cumulative 25 basis point rate cut is 36.2%, and the probability of a cumulative 50 basis point rate cut is 63.4%.
Trump names Hassett, Warsh, and Waller as top three picks for Fed chair
According to Cailian Press, Trump said he never said he would choose Hassett as Fed chairman. Hassett is one of the top three candidates. Bensont was the fourth choice for Fed chairman, and now there are three left: Waller, Warsh and Hassett.
Crypto journalist Eleanor Terrett tweeted that the U.S. Senate Banking Committee’s latest draft of the market structure bill has incorporated feedback from stakeholders and lobbying groups. Here are some highlights of the draft:
1. Ancillary Assets (Section 101): This provision is intended to provide clearer legal interpretation, exclude “ancillary assets” from the scope of securities, stipulate that pledges and airdrops are not securities, and provide that SEC enforcement actions and private lawsuits cannot target existing tokens issued before the date of enactment of the bill, provided that these tokens do not constitute fraud.
2. DePIN (Section 504): Adds a new exemption to exempt decentralized physical infrastructure networks from securities laws.
3. Protecting software developers: The new draft retains the self-custody protection clause (Section 506), the DeFi exemption clause (Section 501), and the blockchain regulatory certainty bill (Section 505).
4. SEC-CFTC Coordination: The SEC and CFTC have established processes to jointly form a joint advisory committee to make decisions in the digital asset area (Section 701) and resolve any disputes (Section 702).
The US SEC and CFTC propose that traditional financial markets be open for trading 24/7
In a joint statement, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins and Acting Commodity Futures Trading Commission (CFTC) Chair Caroline Pham put forward several proposals to more actively support cryptocurrencies, including a proposal for a "24/7 market" for traditional financial markets, aimed at adapting the U.S. economy to the rhythm of the digital asset market.
The policy will allow stock exchanges to trade continuously online. For the 154 years since Wall Street introduced continuous trading, such markets have adhered to a strict trading schedule, operating only during specific business hours on weekdays since 1985. However, the two chairmen indicated today that the policy may need to be adjusted to keep pace with consistently active markets such as cryptocurrencies, gold, and foreign exchange.
The chairmen also proposed relaxing the rights of "innovators" to list event contracts on prediction markets and allowing perpetual derivatives contracts (common in offshore cryptocurrency markets but currently heavily restricted in the United States) to trade freely across securities and commodities exchanges. Another proposal would establish an "innovation exemption" for DeFi protocols that offer both spot cryptocurrency and perpetual derivatives contracts. The chairmen stated that these proposals are consistent with a July report released by the Trump administration directing agencies to ease many of the restrictions on cryptocurrency trading in the United States.
Viewpoint
Arkham: German government fails to seize $5 billion worth of Bitcoin
Arkham tweeted that it had discovered $5 billion worth of Bitcoin that the German government had failed to seize. In early 2024, German police seized 49,858 Bitcoins from the operators of the pirated movie website Movie2K. In July 2024, the government sold these Bitcoins for $2.89 billion, at an average price of $57,900. It now appears that Movie2K still has over 45,000 Bitcoins in its wallet, nearly matching the amount seized and worth $5 billion.
Project News
Omni Announces Name Change to Nomina and Launches $NOM Token Migration
According to the Omni Labs website, Omni has rebranded to Nomina and introduced a new name, logo, and visual identity. The company also announced a token migration: $OMNI will be exchanged for $NOM at a 1:75 ratio, with a circulating supply of 2.9 billion and a total supply of 7.5 billion. The new token contract address is 0x6e6F6d696e61decd6605bD4a57836c5DB6923340. $NOM will not be staking initially. $OMNI staking will be suspended upon the launch of $NOM. Staking and rewards will be automatically migrated one week later, without any user intervention.
Musk's new compensation plan revealed: $1 trillion "bet" to increase shareholding to at least 25%
Tesla's board of directors proposed a new compensation plan on Friday. If Musk achieves a series of challenging goals over the next decade, he will receive compensation worth approximately $1 trillion and his stake will increase to at least 25%. Under the plan, Musk will not receive any salary or bonuses. His compensation will be paid in installments in the form of stock. The conditions for unlocking the plan include expanding Tesla's self-driving taxi business (delivering 20 million Tesla vehicles, 1 million Robotaxi vehicles in commercial operation; 10 million active FSD subscriptions, and delivering 1 million robots) and increasing the company's market value from the current approximately $1 trillion to at least $8.5 trillion. The plan will last for 10 years. The additional shares Musk may receive will bring his stake in the electric car maker to at least 25%. Musk has previously publicly stated that he hopes to obtain a stake of this size.
In a letter to investors, Robyn Denholm, chairwoman of the board, stated: "Retaining and motivating Musk is critical to Tesla becoming the most valuable company in history. This compensation plan is designed to combine extraordinary long-term shareholder value with incentives to drive optimal performance from our visionary leader." The board emphasized that Musk's incentives are highly aligned with the interests of investors. If Tesla's growth stagnates, he will gain nothing.
Hyperliquid will soon open USDH stablecoin ticker voting
The Hyperliquid Foundation released an update stating that the next network upgrade will optimize spot trading: taker fees for trades between two spot-denominated assets will be reduced by 80%, while maker rebates and user trading volume contributions will be increased. Furthermore, the USDH trading pair code previously reserved by the protocol will be released through a vote of on-chain validators. The announcement indicates that USDH will be the preferred choice for Hyperliquid's native, compliant USD stablecoin, to be deployed by a team selected by validators. Applicant teams must submit a proposal and provide a deployment address, and ultimately participate in the gas auction for spot deployment. Officials also stated that spot-denominated assets will gradually become permissionless in the future, with related staking and penalty mechanisms to be announced later.
Justin Sun: Will purchase $10 million worth of ALTS and $10 million worth of WLFI
Justin Sun tweeted that he would buy $10 million worth of ALTS and $10 million worth of WLFI at market prices, calling U.S.-listed cryptocurrency stocks "undervalued opportunities."
Note: ALTS should be ALT5 Sigma, the company that launched the WLFI token treasury strategy.
Coinbase International adds 9 new assets as collateral for perpetual contracts
According to Coinbase International Exchange, nine new assets, including PEPE, PUMP, and FARTCOIN, can now be used as collateral for perpetual futures trading on Coinbase International Exchange and Coinbase Advanced, increasing user position management flexibility.
Coinbase Adds Keeta (KTA) and Noice (NOICE) to its Listing Roadmap
According to the official announcement, Coinbase has added Keeta (KTA) and Noice (NOICE) to its listing roadmap.
According to Coindesk, Michael Saylor's Strategy (MSTR) was not included in the S&P 500 despite meeting all inclusion criteria. The company's stock price fell nearly 3% after hours on the news, erasing Friday's gains. Robinhood (HOOD) unexpectedly received inclusion in the S&P 500, sending its stock price up 7% after hours. The adjustment will take effect on September 22nd.
SOL Strategies was approved to list on the Nasdaq on September 9 under the ticker symbol STKE.
SOL Strategies (HODL), a Toronto-listed digital asset company focused on the Solana blockchain , has received approval to list its common shares on the Nasdaq Global Select Market. Trading will begin on September 9th under the ticker symbol STKE. As of the end of August, the company held 435,064 SOL tokens.
The shares, previously listed on the Canadian Securities Exchange (CSE), will continue to trade under the symbol HODL but will be delisted from the U.S. over-the-counter (OTC) market, where they previously traded under the symbol CYFRF. Holders of OTC shares do not need to take any action, as their shares will automatically convert to Nasdaq-listed shares.
OpenAI expects to generate nearly $10 billion in revenue this year through ChatGPT
According to a report by Cailianshe, OpenAI is said to be expecting revenue in 2030 to be about 15% higher than its previous forecast, and is expected to consume more than $8 billion this year, about $1.5 billion higher than its previous forecast. OpenAI expects to generate nearly $10 billion in revenue from ChatGPT this year, and its total revenue is expected to reach $13 billion this year.
Bruno Skvorc, founder of NFT infrastructure RMRK, tweeted that his address had been marked as high-risk by the WLFI team and his tokens had been locked. On-chain detective ZachXBT commented, "Most of the time, 'high-risk' disclosures are inaccurate, so teams can't rely solely on compliance tools, many of which are flawed. It's good to see that the World Liberty Financial team is taking a more proactive approach than others like Circle, as this will ultimately benefit the victims. However, they do need to be cautious, as a false positive and blacklisting could cause irreparable damage to their reputation. If your address is indeed a false positive, I hope the issue can be resolved quickly."
According to previous news , WLFI: There are 272 wallets on the blacklist, and the freeze is to prevent users from losing money.
Binance: Starpower (STAR) TGE Participation Minimum Entry Level: 224 Alpha Points
According to Binance’s official announcement, users with 224 or more Binance Alpha Points can participate in this TGE event through the Alpha event page. Participation in this event will deduct 15 points.
According to previous news , Binance Wallet will launch Starpower (STAR) TGE on September 6.
The US SEC has postponed its decision on the Grayscale DOT spot ETF to November 8th.
The U.S. Securities and Exchange Commission (SEC) will extend its review of the Grayscale Polkadot Trust (DOT) listing application submitted by Nasdaq. The commission will extend the deadline for approving or disapproving the proposed rule change by another 60 days, with a final decision date of November 8.
WLFI: 272 wallets are blacklisted and frozen to prevent user losses
WLFI stated on the X platform that it is aware of the community's concerns regarding the recent wallet blacklisting. WLFI emphasized that it will never suppress normal activity. Over the past few days, 272 wallets have been blacklisted. This represents only a small fraction of the total number of holders, and the move is purely to prevent user losses. Meanwhile, an investigation is underway to assist affected users. A breakdown of these 272 wallets is as follows:
- 215 (approximately 79.0%) were related to phishing attacks: the team intervened to prevent hackers from stealing funds and is working with the legitimate owners to secure/transfer assets.
- In 50 cases (~18.4%), owners reported the breach; at their request, the team blacklisted these addresses to help protect/recover funds.
- 5 cases (about 1.8%) were marked as high-risk exposures (security risks are under review).
- One case (approximately 0.4%) involved suspected misappropriation of other holders’ funds; a comprehensive internal review is underway.
WLFI stated that it will not block normal trading activities, but will take immediate action when it receives alerts of malicious or high-risk activities that may harm community members. The subsequent measures are as follows:
- We will continue to work with the rightful owners to verify control and ensure the security of funds.
- Once the review is complete, definitive results for each category will be published.
- Any broader actions affecting holders will be announced publicly.
Important data
According to SoSoValue data, yesterday (September 5, Eastern Time), the total net outflow of Bitcoin spot ETFs was US$160 million.
The Bitcoin spot ETF with the largest single-day net outflow yesterday was Blackrock ETF IBIT, with a single-day net outflow of US$63.206 million. Currently, the total net inflow of IBIT in history has reached US$58.741 billion.
The second is Bitwise ETF BITB, with a single-day net outflow of US$49.6455 million. Currently, BITB's total historical net inflow has reached US$2.211 billion.
As of press time, the total net asset value of the Bitcoin spot ETF was US$144.045 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 6.48%, and the historical cumulative net inflow has reached US$54.487 billion.
Ethereum spot ETFs saw a net outflow of $447 million yesterday, the second highest in history
According to SoSoValue data, yesterday (September 5, US Eastern Time), the total net outflow of Ethereum spot ETFs was US$447 million.
The Ethereum spot ETF with the largest single-day net outflow yesterday was Blackrock's ETF ETHA, with a single-day net outflow of US$310 million. Currently, ETHA's total historical net inflow has reached US$12.812 billion.
The second is Grayscale Ethereum Trust ETF ETHE, with a single-day net outflow of US$51.7672 million. The current historical total net outflow of ETHE has reached US$4.606 billion.
As of press time, the total net asset value of the Ethereum spot ETF was US$27.642 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 5.28%, and the historical cumulative net inflow has reached US$12.726 billion.
Messari tweeted that the value of cryptocurrency mergers and acquisitions in 2025 is expected to be on par with the total of the previous five years, with disclosed transactions reaching $11.98 billion.
Financing/Acquisition
StablecoinX and TLGY secure $530 million in funding, bringing their total raised to $890 million.
As Cointelegraph reported, StablecoinX and TLGY Acquisition have secured an additional $530 million in financing to acquire digital assets, bringing their total committed financing to $890 million ahead of their planned merger and Nasdaq listing. The merged company, to be renamed StablecoinX Inc., is expected to hold over 3 billion ENA tokens. According to the company, this will be the first dedicated pooling operation for the Ethena ecosystem, which issues the USDe and USDtb stablecoins. The funds were raised through a private placement equity (PIPE) transaction, which allows publicly traded companies to raise capital by selling discounted shares to institutional investors.
The company’s new investors include YZi Labs, Brevan Howard, Susquehanna Crypto, and IMC Trading, along with returning backers Dragonfly, ParaFi Capital, Maven11, Kingsway, Mirana, and Haun Ventures.
“This additional funding will strengthen the resilience of the ecosystem, increase ENA liquidity, and support the sustainable development of USDe, USDtb, and future Ethena products,” Marc Piano, a director of the Ethena Foundation, said in a statement.
Earlier news, TLGY disclosed its merger plan with StablecoinX, $360 million in initial PIPE financing, and $260 million in ENA repurchase plan on July 21.
Trump Media Completes CRO Token Acquisition Agreement with Crypto.com
According to GlobeNewswire, Trump Media has reached an agreement with Crypto.com to acquire 684.4 million Cronos (CRO) tokens at approximately $0.153 per token in a 50% stock and 50% cash transaction. The tokens represent approximately 2% of the circulating supply of CRO and will be held and staked through Crypto.com Custody. Both parties will integrate CRO into the Truth Social and Truth+ platforms as part of a rewards system. The agreement includes a lock-up period, strategic collaboration, and the development of a digital asset vault business.
Institutional holdings
ALT5 Sigma reveals WLFI token holdings have increased to over 7.28 billion
According to Businesswire, Nasdaq-listed WLFI treasury company ALT5 Sigma Corporation updated its WLFI holdings, revealing that as of September 5th, its holdings had exceeded 7.28 billion, reaching 7,283,585,650. Based on a market price of $0.18, this holding is valued at approximately $1.31 billion. Furthermore, ALT5 Sigma disclosed that it currently holds 124,946,728 shares of common stock and prepaid warrants to subscribe for up to 99 million shares of outstanding common stock.
