1. Popular CEX currencies

Top 10 CEX trading volume and 24-hour price changes:

• ETH: -0.24%
• BTC: +0.26%
• SOL: +1.91%
• WLFI: +1.14%
• XRP: +1.99%
• DOGE: +4.91%
• BNB: +1.74%
• ENA: -0.04%
• DOT: +4.44%
• AVAX: +0.08%

24-hour price increase list (data source: OKX):

• WLD: +11.83%
• ZENT: +11.54%
• IP: +7.54%
• ERN: +6.66%
• NMR: +6.18%
• ALPHA: +5.84%
• SPK: +5.68%
• DEGEN: +5.37%
• DOGE: +4.95%
• PUMP: +4.82%

Headlines

Tether CEO reveals the company's main Bitcoin holdings: Most BTC is held directly

Odaily Planet Daily reported that Tether CEO Paolo Ardoino announced the company's main Bitcoin holdings on the X platform. He wrote: The vast majority of our Bitcoin is held directly: bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4.

Paxos, Frax, and Agora Compete to Issue Hyperliquid USDH Stablecoin

Hyperliquid plans to launch its native stablecoin, USDH, with validators voting to determine the issuer. Paxos, Frax, Agora, and Native Markets have submitted proposals, and Ethena has hinted at participating. Paxos proposes using 95% of interest to buy back HYPE; Frax plans to back it with frxUSD and offer zero commission, potentially generating annualized returns of $220 million; and Agora pledges to return 100% of net revenue to the ecosystem. The final decision will be determined by a vote on September 14th. (The Block)

Industry News

Ark Invest increased its holdings of 388,045 shares of Ethereum treasury company BMNR this week.

Odaily Planet Daily reported that Tom Lee, Chairman of the Board of Directors of Ethereum treasury company BitMine (BMNR), forwarded a message on the X platform stating that Cathie Wood's Ark Invest had increased its holdings of BMNR by another 388,045 shares through its exchange-traded funds on September 5th. Data from the Ark Invest Tracker also revealed that Ark Invest's three ETFs now hold $267 million worth of BMNR shares: ARKK (valued at $178.6 million), ARKF (valued at $31 million), and ARKW (valued at $57.7 million).

Tom Lee-led FutureCrest Acquisition files for IPO, looking to raise $250 million

Odaily Planet Daily reports that FutureCrest Acquisition, a blank check company (SPAC) led by BitMine Chairman Tom Lee, filed documents with the US Securities and Exchange Commission (SEC) on Friday, planning to raise up to $250 million through an initial public offering (IPO). The company stated it will seek to leverage its management team's expertise in artificial intelligence, digital assets, fintech, infrastructure, robotics, and communications, as well as social capital, while also highlighting opportunities in business intelligence, productivity software, and digital health. (Renaissancecapital)

Terraform Labs co-founder Do Kwon's bid to recover S$19.4 million in housing payments was dismissed by the court.

Odaily Planet Daily reported that according to Lianhe Zaobao, Do Kwon, co-founder of the defunct blockchain company Terraform Labs, demanded about 50% of the purchase price of a penthouse apartment on Orchard Road in Singapore, but was rejected by the Singapore High Court.

Five months before his cryptocurrencies, TerraUSD and Luna, collapsed in 2022, Do Kwon had already set his sights on the S$38.8 million Sculptura Ardmore condominium. He selected a 7,600-square-foot, four-bedroom duplex penthouse on the 19th floor, one of only three in the development. Do Kwon paid approximately S$19.4 million in option fees and subsequent payments, almost half the purchase price. However, the purchase ultimately fell through, and the condominium was eventually resold for S$34.5 million. Although the developer allegedly seized the money Do Kwon paid, he argued that the seizure was invalid and authorized his wife to file a lawsuit in the Singapore High Court. Do Kwon's application was dismissed on July 26.

Project News

Linea's liquidity incentive plan will increase to 160 million LINEA next week

Odaily Planet Daily News Linea officially announced that next week the liquidity incentive plan Linea Ignition will distribute 160 million LINEA tokens as incentives (previously planned to be 150 million).

Among them, the total rewards for USDC, USDT, and ETH in the lending pools (Aave, Euler) are 128 million LINEA tokens; the total rewards for transactions using Etherex (trading pairs include USDC/ETH, WBTC/ETH, USDT/ETH, ETH/REX) are 32 million LINEA tokens.

Paxos proposes to launch USDH stablecoin for Hyperliquid, with most of the proceeds used to buy back HYPE

Odaily Planet Daily reports that stablecoin infrastructure company Paxos has submitted a proposal to launch a compliant stablecoin, USDH, within the Hyperliquid ecosystem, compliant with the GENIUS Act and MiCA regulatory standards. The announcement indicates that 95% of the interest generated by USDH reserves will be used to repurchase HYPE tokens and distribute them to users, validators, and partner protocols.

The initiative is led by Paxos Labs, a newly formed Paxos subsidiary. Paxos has acquired Molecular Labs, the developer of Hyperliquid's foundational components, LHYPE and WHLP. USDH will be deployed on the HyperEVM and HyperCore chains, aiming to attract institutional and mainstream fintech platforms by integrating with global banking channels and compliance systems.

In addition, Paxos said it will integrate HYPE into its brokerage infrastructure, which already provides crypto services for PayPal, Venmo, and MercadoLibre. According to DefiLlama data, Hyperliquid holds a 70% share of the decentralized perpetual futures market, with a trading volume of nearly $400 billion last month and revenue exceeding $106 million. (Cointelegraph)

SOL Strategies was approved to list on the Nasdaq on September 9 under the ticker symbol STKE

Odaily Planet Daily reports that 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.

ENA Treasury raises another $530 million and will invest $310 million in public purchases of ENA

According to Odaily's Planet Daily, Ethena Labs announced in a post on X that StablecoinX, the ENA treasury, has announced an additional $530 million in funding as part of its ENA accumulation strategy. To date, StablecoinX has raised approximately $895 million through PIPE financing, and expects to hold over 3 billion ENA on its balance sheet upon completion of the transaction.

A subsidiary of the Ethena Foundation will use the funds raised from this PIPE to initiate a buyback program of approximately $310 million in ENA, representing approximately 13% of the circulating supply, expected to be executed by third-party market makers over the next six to eight weeks. This buyback follows the completion of the first round of PIPE financing, which cumulatively purchased approximately 7.3% of the circulating supply of ENA.

The newly added repurchase deployment plan is: when the ENA price is higher than US$0.70, US$5 million will be repurchased daily; when the price is lower than US$0.70 or falls by more than 5% within 24 hours, US$10 million will be repurchased daily.

Avantis launches AVNT token airdrop checker, airdrop claim starts on September 9th

Odaily Planet Daily News: Base ecological derivatives trading platform Avantis has launched the AVNT token airdrop checker. More than 65,000 wallets are eligible for the airdrop, and the airdrop claim will start at 22:00 on September 9.

On August 27th, Avantis announced the launch of its AVNT token, with a total supply of 1 billion. The community will receive 51% of the tokens, including a 12.5% airdrop. Avantis previously raised $8 million in Series A funding in June of this year, led by Founders Fund and Pantera Capital, with participation from Symbolic Capital, SALT Fund, and Flowdesk.

Investment and Financing

CZ's family office company YZi Labs has begun to expand in Hong Kong

According to Odaily, CZ's family office, YZi Labs, has begun expanding into Asia, including the Hong Kong market. Public data indicates that the office manages over $10 billion in assets. Ella Zhang, the head of the office, frequently travels around Asia, hoping to expand BNB's accumulating projects and future ecosystem development. This included announcing support at the end of August for a fund company called B Strategy to raise $1 billion for a "accumulating" campaign. YZi Labs also announced its support for Huaxing Capital Holdings' $100 million Binance Coin (BNB) accumulating project, hoping the latter could become the BNB Strategy of the Hong Kong stock market. A source familiar with YZi Labs stated that the Hong Kong financial community has been inundated with inquiries for collaboration, and that the number of individuals (or teams) involved may be in the hundreds, with the project likely to be implemented in due course. (Tencent's "Periscope")

Digital asset custody company Tangany completes €10 million Series A funding round

Odaily Planet Daily News: Tangany, a Munich-based digital asset custody service provider, announced the completion of a €10 million Series A financing round. Baader Bank of Germany, Elevator Ventures, a venture capital firm under Raiffeisen Bank International, and Heliad Crypto Partners, a digital asset investment firm of Heliad AG, led the investment, with participation from HTGF and Nauta Capital. The company is currently regulated by the German Federal Financial Supervisory Authority (BaFin) and provides custody services to crypto trading platforms such as eToro and Bitvavo. The new funds will support its optimization of European financial infrastructure.

ArkStream Capital announces an additional $10 million investment in Ethena

According to Odaily Planet Daily, ArkStream Capital announced in a post on the X platform that, as part of its long-term strategy, it will invest an additional $10 million in Ethena Labs in August 2025, following its initial $5 million investment in December 2024. ArkStream Capital stated that the increased investment reflects its recognition of Ethena's structural breakthroughs in product development and capital markets.

Blockchain fintech company Munify completes $3 million seed round of financing, with Grayscale parent company DCG participating

Odaily Planet Daily News: Egyptian blockchain fintech company Munify announced the completion of a $3 million seed round of financing, with participation from strategic investment institutions such as BYLD and Grayscale's parent company Digital Currency Group. The company uses blockchain technology to provide individuals and businesses with instant multi-currency sending and receiving services, and launches virtual cards backed by stablecoins. Its business currently covers the United States, the United Kingdom, Europe and the Gulf Cooperation Council (GCC) member states. The new funds will be used to expand into other markets and expand the compliance team.

Regulatory policies

Trump hints at imminent announcement of Fed chair pick

Odaily Planet Daily Market News: Trump hinted that the candidate for Federal Reserve Chairman will be announced soon.

US Republicans propose rule changes to speed up confirmation of Fed board nominations

A Republican Senate aide said Friday that a proposed rule change, scheduled for consideration early next week, would expedite the confirmation process for President Trump's nominees to the Federal Reserve Board if approved by the Republican-controlled Senate. Trump has nominated Stephen Milan to fill a vacant seat on the Federal Reserve Board. If the Senate approves the rule change governing the handling of Trump's nominations in a timely manner, Milan is expected to take office before the Federal Open Market Committee's interest rate-setting meeting on September 16-17.

Character*Voice

Tether CEO: BTC has not been sold and part of the profits will continue to be invested in safe assets

According to Odaily Planet Daily, Tether CEO Paolo Ardoino posted on the X platform: "Tether did not sell any Bitcoin, but instead invested part of its Bitcoin reserves into XXI. Tether will continue to invest part of its profits in safe assets such as Bitcoin, gold and land. Tether is a stable company."

CryptoQuant CEO: Sun Yuchen's sale of unlocked tokens is understandable, and the responsibility lies with the WLFI Foundation

According to Odaily Planet Daily, CryptoQuant CEO Ki Young Ju posted on social media that he supports Justin Sun's sale of unlocked tokens, believing it is not inappropriate. He stated that the WLFI Foundation should be held accountable for its "de-banking" of users, which violates its founding purpose.