Odaily News: Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction employs a two-step merger structure, with total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock.
The business brings approximately 30 NYDIG employees and institutional client relationships into BitGo, offering derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices.
The transaction also includes performance-based incentive provisions, including a $10 million cash payment tied to a revenue milestone, up to $5 million in cash and additional shares tied to a second milestone, as well as retention incentives for transferred employees.
NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, with a post-issuance valuation of approximately $2 billion, and launched the USDS token. (Decrypt)
Odaily News – "White-Haired Stock God" Serenity has publicly questioned Sivers Photonics' (SIVE) growth strategy, arguing that the company remains overly focused on the Swedish market, while U.S. investors may be more interested in its future growth potential and the tangible economic value of its order book.
Serenity noted that U.S. analysts are more likely to focus on what Sivers' two recent wafer fab capacity allocations actually mean, and how much revenue and operating leverage these capacities will translate into amid supply bottlenecks and rising ASPs (average selling prices). Additionally, topics such as NPO/CPO, pluggable optical modules, the 2028 volume ramp of CPO players like Ayar, the ELS product partnership with O-Net, the scale of six newly added pluggable customers, and the potential TAM (total addressable market) are all worth deeper discussion.
In contrast, questions from the local market tend to center on "how to stop the bleeding," why private clients cannot be disclosed, why the company focuses on transceivers, and what the "business opportunity pipeline" really means—forcing management to spend significant time responding to doubts rather than discussing future growth.
Serenity believes that the more time Sivers devotes to the Swedish market, the more its valuation will be constrained by the investment logic of that market. Therefore, the company needs to more actively present its future growth opportunities and the economic value behind them to U.S. investors.
Odaily News: Arthur Hayes stated that investors should prepare to buy Bitcoin and expects Bitcoin to perform well in the coming years. He believes that if the U.S. continues to expand its money supply, Bitcoin's price could ultimately rise to $250,000.
Bitcoin has risen about 20% since mid-August, adding $300 billion to its total market capitalization within hours. Scott Bessent previously pledged to support the bond market, and this week it was noted that the Treasury may tap nearly $1 trillion from the Treasury General Account to fund bond purchases.
Gadi Chait, investment manager at Xapo Bank, said Bitcoin rose about 23% last week, marking its largest weekly gain since March 2023. During the same period, U.S. spot Bitcoin ETFs saw net inflows of approximately $1.9 billion, with record short liquidations further fueling the rally. (Forbes Digital Assets)
Odaily News: Bitcoin News posted on X platform that Afghanistan's Taliban government has effectively banned Bitcoin and cryptocurrency trading nationwide, threatening to prosecute traders and related businesses. More than 20 crypto shops in Herat have been closed, and at least 13 traders have reportedly been arrested. Afghanistan's monthly crypto inflows have dropped from a peak of over $150 million to less than $80,000. After Afghanistan was largely cut off from the global banking system, Bitcoin and stablecoins had become important tools for savings and remittances. Taliban officials called digital assets fraudulent and considered cryptocurrency speculation akin to gambling under Islamic law. Although these actions have compressed Afghanistan's visible crypto market, Bitcoin can still be traded via the internet, private keys, and counterparties.
Odaily News: According to DefiLlama data, the DeFi TVL on Robinhood Chain is now reported at $683 million, up 17.78% over the past week, ranking first in growth among leading blockchains. In terms of DEX trading volume, the network's transaction volume over the past 24 hours reached $890 million, ranking fifth across all chains; fees over the past 24 hours reached $279,000, ranking sixth across all chains. Robinhood Chain went live in early July and, within just two months of launch, has become a mainstream blockchain in the crypto space in terms of TVL, trading activity, and other dimensions.
Odaily讯 Robinhood 链 meme 币 COPPERINU 上线后市值一度达到 1000 万美元，随后回落至 898 万美元，成交额已超过 570 万美元。该代币开发者将 40%的代币转至加密 KOL him 的钱包。him 随后表示，愿意为该代币开发质押、申领和销毁功能，并将这部分代币用于社区空投。COPPERINU 名称源自加密 KOL Cobie 今年 1 月的一条推文，Cobie 曾调侃真实大宗商品铜的交易不会受到 Copper Inu 影响，也不会有人在 Pump.fun 上持续推出新的铜主题产品。加密 KOL him 曾主导当时在 Solana 上发行的 meme 币 COPPERINU 传播，被社区视为该题材的主要持有者和叙事推动者。
Odaily News: The startup funds for the GOLD token developer can be traced back to KuCoin, and the funds from 15 operational wallets can be traced back to Binance; the group also deployed the Trump Digital Platinum token, PLATINUM.
Odaily News: According to Lookonchain monitoring, James Wynn (0x507...edb6) opened a 20x leveraged short position on Bitcoin, shorting 1.33 BTC with a notional value of $103,000, and a liquidation price of $80,483.47.
Odaily Planet Daily News: Blockchain technology company Starkware stated that on August 26, a transaction using researcher Avihu Levy's Quantum-Safe Bitcoin (QSB) scheme was mined on the Bitcoin mainnet, without requiring a soft fork, hard fork, or modification of consensus rules.
The transaction consumed 10,000 sats and was processed through MARA Foundation's Slipstream service, as the non-standard format typically cannot propagate through Bitcoin's public mempool. The test consumed several hours of GPU computation, costing approximately $150 to $200.
QSB employs hash-based quantum-resistant spending conditions and reduces quantum attack risks through signature trial mining, but still requires users to proactively migrate funds and cannot protect assets whose public keys have already been exposed. Starkware CEO Eli Ben-Sasson still supports introducing a protocol-level solution via a soft fork. (Bitcoin.com News)
1. Yi Lihua: Bullish on a slight pullback followed by a rally, with BTC pulling back to around $75,500 presenting a new entry opportunity;
2. Jiang Zhuo'er: Bitcoin is about to face its first test since August 19, and he has already sold 50% of his ETH spot position;
3. Wang Xiao'er: Robinhood Chain is currently one of the few growth markets in the crypto space, with leading on-chain projects presenting definite opportunities;
4. Profit of $1.01 million: Executor of the Trump Digital Gold scam sells all 82.454% of GOLD tokens;
5. CZ: Bitcoin will surpass gold's market cap in the next bull run;
6. Unaffected by the Avici security incident, Jupiter Card user balance withdrawals have been restored;
7. The largest LIT short seller on Hyperliquid has opened new short positions on SOL, HYPE, and AVAX;
8. ChangXin Memory Technologies sues the U.S. Department of Defense.
Odaily星球日报讯 据 Bitcoin News 监测，爱尔兰刑事资产局转移了 2021 年从一名大麻经销商处没收的 500 枚比特币，价值 3800 万美元。
Odaily News: Polygon Labs has issued an urgent notice stating that following the activation of the Austin and Kyoto hard forks, Polygon PoS nodes still running older versions of Bor or Heimdall have fallen out of consensus and need to upgrade their clients and catch up with the network. Austin was activated at mainnet block 91,949,700, requiring nodes to run Bor v2.10.0 or higher. Kyoto was activated at block height 51,533,000, requiring nodes to run Heimdall v0.11.0 or higher. Austin addresses two types of Bor resource exhaustion risks: L1 to L2 bridge state sync events are not counted against the gas limit, which could slow down block processing; and the TxDependency field lacks size restrictions, which could lead to peer node crashes.
Odaily报道 易理华发文表示，市场正如预期出现小幅回调，若BTC继续回调至75500美元附近，将是新的机会，并继续看好小幅回调后的上涨。投资和交易是最难的事，其于2015年比特币价格低位时进入行业并挖矿，后来成功投资量子等项目，赶上2017年牛市，但认为这其中存在运气成分，当时却将其视为能力，毕竟此前在传统行业已有创业和投资经历。后来其投资了几百个项目，大部分项目失败，少部分项目成功。随着投资机会减少，其开始学习交易，并表示交易更需要保持敬畏，交易连续成功9次后，第10次失败就会回到原点。
Odaily News, according to GMGN data, Robinhood ecosystem Meme coin microduck's market cap briefly broke through $22 million, now reported at $21.85 million, with an intraday increase of approximately 415.8%.
Odaily reminds that Meme coin prices are highly volatile and susceptible to market sentiment and hot topics. Please be aware of trading risks.
Odaily News: Ajna stated that the protocol was attacked due to a vulnerability and is currently investigating abnormal fund flows. Users are advised to withdraw all funds, repay loans, and suspend interaction with the protocol. This incident involves liquidity pools such as syrupUSDC, wstETH, rETH, cbETH, WBTC, WETH/USDC, and sDAI, with losses of approximately $775,000, attributed to a liquidation accounting manipulation attack.
Odaily News Stablecoin issuer Circle has natively deployed USDC and EURC on the Plasma chain and launched the cross-chain transfer protocol CCTP along with Bridge Kit, providing this Layer 1 with native USD and EUR stablecoins and cross-chain transfer capabilities. CCTP enables cross-chain transfers by burning USDC on the source chain, obtaining a Circle-signed attestation, and minting an equivalent amount of USDC on the destination chain—eliminating the need for wrapped USDC or reliance on liquidity pools. Circle stated that eligible institutions can access fiat on/off ramps through Plasma, and developers can integrate USDC and EURC into their applications. Currently, USDC is natively supported on 37 blockchains, EURC on 8 blockchains, and CCTP covers 28 blockchains.
