Odaily News, September 1st - Ethena has launched its Pay app on Avalanche.

Odaily News: Iran stated that the current situation does not allow for the restoration of the memorandum of understanding signed with the United States, citing U.S. violations of the agreement. (Jin10)

Odaily News on September 1st, Hut8's Texas site holds long-term lease contracts valued at $19.6 billion, exceeding its latest quarterly revenue by over 260 times. AI companies are competing for Hut8's power and data center resources.

Odaily News – The Gwangju Metropolitan Police Agency in South Korea arrested 4 Uzbek nationals in April under the Prohibition of Funding for Terrorist Acts Act. Among them, the principal suspect has been indicted, detained, and is standing trial, while the other 3 are under investigation without detention; one individual has been placed on an Interpol Red Notice.

Police allege that between August 2024 and April 2025, the principal suspect transferred 4,267 USDT in 7 separate transactions to Katibat Tawhid wal Jihad (KTJ), a Syria-based organization. Founded in 2014, KTJ is primarily composed of Central Asian militants and has been designated as a terrorist organization by both the United Nations and the United States.

The investigation shows that the principal suspect also received cryptocurrency from KTJ and used it to purchase 11 used cars and 2 excavators, with a total value of 170 million KRW (approximately $121,000), and shipped the vehicles to Syria. The other 3 individuals are suspected of assisting with the procurement and export.

Police stated that this case, which involves receiving cryptocurrency from a terrorist organization, purchasing and supplying vehicles, is the first of its kind in South Korea. The investigation also revealed that the principal suspect used 3 personal wallets and deposited vehicle payments into an account under his spouse's name. The case remains under investigation. (Decrypt)

Odaily News - Prospect Brokerage USA, a wholly-owned indirect subsidiary of prediction market company Prospect Markets, has signed a final agreement with OG Prediction Markets and Crypto.com's Derivatives North America (CDNA) to launch a sports-centric prediction market platform in the United States, targeting a launch in Q3 2026. Under the agreement, Prospect Brokerage will offer event contracts to U.S. users, provided by CDNA, with related services facilitated through OG Broker, a CFTC-registered futures commission merchant under Crypto.com. Prospect Markets stated that this collaboration will drive the company's entry into the prediction market sector and open up new revenue streams. Data shows that monthly trading volume across major global prediction markets has surged from under $5 billion in September 2025 to approximately $25.7 billion in May 2026, and surpassed $50 billion in June. Sports contracts account for roughly 85% of trading volume on leading platforms. Bernstein projects that global prediction market trading volume will reach approximately $240 billion in 2026, potentially exceeding $1 trillion by 2030.

Odaily News: Crypto trader BonkGuy has reviewed his past Meme coin trading experiences, revealing that in 2023, he turned a $16,000 principal into a position exceeding $20 million by trading BONK with 6x leverage. He also grew a $6,000 WIF position to approximately $1.4 million, and achieved multiple seven-figure gains through Meme coins such as Fartcoin, POPCAT, and PNUT.

However, BonkGuy stated that most of the profits from these trades were ultimately lost entirely in a "10/10" market move.

Odaily News Crypto trader BonkGuy says USELESS is currently his top pick, and his conviction in USELESS now exceeds even his conviction when trading BONK at low levels in 2023.

BonkGuy noted that he previously generated substantial returns through Meme coins such as BONK, WIF, Fartcoin, POPCAT, and PNUT — including turning $16,000 into over $20 million through a 6x leveraged BONK position, and growing a $6,000 WIF position to roughly $1.4 million. However, he also stated that these gains were largely wiped out during the "10/10" market conditions.

Regarding USELESS, BonkGuy believes its market cap rising from approximately $4 million to $450 million last year was only a "test run," especially given it was not a bull market environment at the time. He anticipates that if USELESS experiences its first full bull market cycle, the price could see a much more significant surge.

Odaily News: Machi Big Brother Huang Licheng posted on X platform stating that yesterday he tried a new approach: launching a token without holding any of it himself. However, he did not disclose the specific name of the token or its subsequent arrangements.

Odaily News: According to MSX.COM data, GoPro's US stock once surged over 106% in pre-market trading, and is now up about 82%. On the news front, YouTube star Markiplier has become the largest shareholder of GoPro.

Odaily News According to the "2026 Crypto TradFi Landscape Report" released by RootData Research, as traditional financial assets accelerate their entry into the crypto market, TradFi is becoming a new growth battleground for leading trading platforms.

The report data shows that as of August 24, Gate's TradFi asset count reached 1,022, the highest among surveyed platforms and 4.2 times that of the runner-up; among them, stock derivatives instruments totaled 366, also ranking first. In terms of market share, Gate's cumulative trading volume from January to August reached $135.5 billion, with its August TradFi trading volume share rising to 10.7%, ranking third globally.

In the stock derivatives track, Gate achieved a composite score of 92.2, tying with OKX for second place; from August 1 to 24, Gate's average daily open interest reached $772 million, ranking third. The report also noted that Gate's average daily trading volume for stock contracts has maintained a high growth rate since May, with month-over-month increases of 124.1%, 187.3%, 323.7%, and 261.1% from May to August respectively, demonstrating strong growth momentum among the five surveyed platforms. Notably, Gate's liquidity performance has continued to improve, with its ±2% weighted depth exceeding Binance for 11 consecutive trading days since August 14, during which the average daily weighted depth reached $14.678 million.

RootData believes that the crypto TradFi market is shifting from unipolar concentration to multipolar competition, with platform rivalry extending from trading scale to dimensions such as asset coverage and liquidity. Gate continues to expand asset coverage, increase market share, and accelerate the construction of a one-stop multi-asset trading system.

Odaily News, according to reports, U.S. Treasury Secretary Bessent recently urged Japan to raise interest rates to curb the continued depreciation of the yen. Analysts believe this highlights that traditional monetary policy is susceptible to government and external influences. In contrast, Bitcoin's monetary policy is preset by code, with new coin issuance following a fixed schedule and halving approximately every four years, offering greater predictability. In the short term, Bitcoin still finds it difficult to shake off shocks from traditional financial markets. If Japan's rate hike drives a rapid appreciation of the yen, low-interest yen financing trades accumulated over the long term could be unwound, potentially triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's rate hike strengthened the yen and put pressure on risk assets, including Bitcoin. On the technical front, BTC's 50-day moving average has been rising steadily and is close to crossing above the 200-day moving average, potentially forming a "golden cross." Analysts note that moving averages are lagging indicators, and the historical predictive performance of the golden cross as a standalone indicator has been unstable.

1. GMGN has added a "Fomo Top" tagging feature, allowing users to track the activities of the Top 500 Fomo traders;

2. Pons' 24-hour fees exceed $5 million, ranking first in the Launchpad category;

3. Yi Lihua: The AI industry is in the early stages of an explosive growth phase, and the key to investment is capturing a few star companies;

4. Team token lock-up period extended by 12 months, with Aster postponing the unlock of 400 million ASTER tokens to September 2027;

5. BonkGuy: MARSCOIN is one of the most noteworthy Meme coins on BNB Chain this cycle, and its next target could be a Binance spot listing;

6. Campaign funds frozen and social media accounts restricted, Brazilian pro-Bitcoin presidential candidate Renan Santos' campaign has been suspended;

7. AI infrastructure business enters the commercialization phase, with Cango reporting Q2 revenue of $50.8 million;

8. Hackers forge Google Docs and Claude.ai pages to steal crypto wallet data;

9. The UK National Crime Agency has frozen over $13.6 million in Sorare sponsorship funds from Premier League accounts;

10. Bitcoin's "kimchi premium" has reappeared in the Korean market, staying positive for a week straight, marking the longest streak since May.

Odaily Planet Daily News: Bitget Stock+ has launched the Short Options feature, supporting both Short Call and Short Put options. Users can collect premiums by selling options, enhancing capital efficiency and achieving more flexible allocation of U.S. stock assets.

As the option seller, selling a call option entails the obligation to sell the underlying stock at the strike price in the future, while selling a put option entails the obligation to buy the underlying stock at the strike price in the future. This feature supports pre-market trading from 4:00 AM to 9:30 AM ET, as well as regular trading from 9:30 AM to 4:00 PM ET.

Odaily News: AI-generated artist Kevin Ngo has reiterated the attack on his account after it was compromised, stating, "I was hacked, I don’t endorse any coin."

Perhaps as a result, according to GMGN data, the market cap of Meme coin fable has once again fallen below $500,000 after a brief rebound, now at $454,700, with a 5-minute decline of 22.82% and a 1-hour decline of 88.14%.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate cautiously.

Odaily Planet Daily reports that according to GMGN market data, the market cap of the ecosystem token AI on Robinhood Chain has surpassed $200 million, with a 24-hour surge of over 100%.

It is reported that AI was issued via Long.xyz, the ecosystem launch platform on Robinhood Chain, and is directly paired with Nvidia tokenized stock NVDA for trading.

Odaily News: Felix Pago has announced the completion of a $200 million Series B funding round, comprising $87 million in equity financing and $113 million in credit facility financing. Andreessen Horowitz (a16z) participated in the equity financing, while General Catalyst's Customer Value Fund provided the credit facility. Felix Pago is one of Latin America's stablecoin remittance networks, primarily utilizing WhatsApp as its front-end interface and leveraging USDC and blockchain as the underlying settlement infrastructure to reduce the cost and shorten the settlement time of cross-border remittances from the United States to Mexico.