1. Popular CEX currencies
Top 10 CEX trading volume and 24-hour price changes:
- ETH: +2.97%
- BTC: +1.29%
- SOL: +3.28%
- DOGE: +5.43%
- XRP: +1.45%
- WLD: -11.66%
- HOLO: New Coin
- BNB: +1.51%
- DOLO: +1.45%
- LINEA: +2.13%
24-hour price increase list (data source: OKX):
- NMR: +19.11%
- KMNO: +18.98%
- ETHFI: +10.63%
- YGG: +10.5%
- ONDO: +9.43%
- PENDLE: +8.1%
- MEME: +7.85%
- BIO: +6.84%
- CFG: +6.55%
- DEGEN: +6.31%
Headlines
According to an article published by Caixin, major domestic Internet companies may gradually withdraw from cryptocurrency-related businesses, and many central state-owned enterprises and Chinese banks' Hong Kong branches may also be absent from the ongoing application for Hong Kong stablecoin licenses.
Earlier, there were reports that other Hong Kong banks, including Chinese banks, were interested in applying to become the first batch of Hong Kong stablecoin issuers. However, due to recent changes in policy trends, Chinese banks and other institutions that had previously actively participated in the license application may adjust their strategies.
People familiar with the matter revealed that Hong Kong's stablecoin business has just started and its future direction is still unclear. Excessive participation of Chinese institutions may lead to risk transfer, so it is necessary to isolate risks first and not rush to participate.
BlackRock plans to tokenize its funds that hold real-world assets and stocks
Odaily Planet Daily News: After the success of Bitcoin ETF, BlackRock plans to tokenize its funds that own real-world assets and stocks and put them on the blockchain.
Odaily Planet Daily News Yi Lihua wrote: "I am consistent in my words and deeds and am optimistic that ETH will continue its bullish trend after the volatility. ETH has risen from over $1,000, and the pattern is that every time it rises by $1,000, it will fluctuate and consolidate for a period of time before continuing to rise. In addition, among diversified investments, other than ENA, none of the others have outperformed ETH. Overall, it is better to concentrate on ETH than to diversify your investments."
Industry News
Gemini raised $425 million in its IPO, selling about 15.2 million shares at $28.
Odaily Planet Daily News: Bloomberg quoted people familiar with the matter as saying that cryptocurrency company Gemini Space Station Inc. (Gemini for short) raised US$425 million through its initial public offering (IPO). Its issue price was higher than the promotion range and the issue size was reduced.
Gemini, led by the billionaire Winklevosses, sold about 15.2 million shares on Thursday at $28 apiece, after previously offering them at $24 to $26, according to people familiar with the matter who asked not to be identified because the information is private. Bloomberg News earlier reported that the company told investors on Thursday it planned to cap the base size of its IPO at $425 million, which was oversubscribed by double digits.
The prospectus indicates that Nasdaq has agreed to subscribe for $50 million worth of shares at the IPO price through a private placement. Gemini will reserve up to 10% of the IPO shares for long-term users, management and employees, and friends and family, and allocate up to 30% to retail investors who subscribe through proprietary investment platforms such as Robinhood Markets Inc., SoFi Technologies Inc., and Webull Corp.
According to on-chain analyst Ember's monitoring, SharpLink Gaming received $379 million in stablecoins in the past 45 minutes, and then transferred the funds to Galaxy Digital's OTC wallet, possibly preparing to continue purchasing ETH through Galaxy Digital.
Sharps Technology and Pudgy Penguins Enter into a Strategic Partnership for Solana Assets
According to Odaily Planet Daily, Sharps Technology announced a strategic partnership with Web 3 brand Pudgy Penguins to jointly promote exposure and connectivity on the Solana digital asset library. Sharps Technology recently acquired over 2 million SOL tokens through PIPE financing, valued at over $400 million. Following this partnership, Pudgy Penguins' IP will be deeply integrated with Sharps' Solana asset library, providing new opportunities for institutional and retail users. Pudgy Penguins has previously collaborated with NASCAR, Walmart, and others, and has been granted a PENGU ETF application by Canary. (PR Newswire)
Microsoft (MSFT.O) and OpenAI said on Thursday they have signed a non-binding agreement on new terms for their relationship that will allow OpenAI to move forward with its restructuring plan to become a for-profit company. The two companies did not provide further details of the new commercial arrangement but said they are working to finalize the terms of the definitive agreement.
OpenAI said its existing nonprofit parent would control the company through a $100 billion stake in a public benefit corporation and have sway over its decisions, according to a memo from Brett Taylor, the current chair of OpenAI's nonprofit board. (FT)
Ant Digital Technology announced the establishment of Ant Chain Credit
Odaily Planet Daily reported that according to official news, Ant Digital and Longxin Technology Group jointly announced the establishment of "Ant Chain Credit". The company will carry out green asset management, dynamic rating and pricing and other product services based on core technologies such as blockchain, IOT and AI, and build a full-chain service platform covering "asset chain-data aggregation-asset management-rating and pricing".
Project News
Avalanche plans to raise $1 billion to establish a crypto asset reserve company
According to Odaily, the Avalanche Foundation is in talks with investors to establish two crypto asset reserve companies in the United States, aiming to raise a total of approximately $1 billion. The funds will be used to purchase millions of Avax tokens at a discount. The first, led by Hivemind Capital, plans to raise $500 million through a private placement of a Nasdaq-listed company, with Anthony Scaramucci serving as an advisor. The second, a SPAC initiated by Dragonfly Capital, aims to raise $500 million and is expected to close in October. Both companies will purchase Avax tokens at a discount from the Avalanche Foundation.
Odaily Planet Daily reported that USDH Tracker data showed that about three-quarters of Hyperliquid validators have voted on the USDH issuance rights proposal. 53.39% of validators chose to support Native Markets, 12.78% of validators chose Paxos Labs, and 8.26% of validators chose Ethena. The other four candidate issuers did not receive votes.
Meanwhile, Native Markets’ win rate in the Polymarkert real-time betting pool has risen to 97%.
Odaily Planet Daily reports that the WLFI governance interface has opened voting for a proposal to "use 100% of WLFI treasury liquidity fees for repurchase and destruction." This proposal requires that all fees generated by the WLFI protocol's own liquidity (POL) (including only fees generated by WLFI-controlled liquidity, and not fees from the community or third-party liquidity providers) be used to repurchase WLFI on the open market and permanently destroy it. Voting for the proposal, which ends on September 19th, currently has a 99.6% support rate.
Scroll DAO governance suspended, with its leadership resigning this week
According to Odaily Planet Daily, Earndrop member Olimpio posted on the X platform that Scroll DAO governance has been suspended today. While DAO leadership has resigned, current governance proposals remain online and ongoing. According to a representative meeting, the team claims to be "redesigning governance," but no clear plan has been established. The implementation of proposals such as treasury management remains controversial.
Monad Co-creation: The initial total supply of Monad's native gas token is 100 billion
Odaily Planet Daily News: Monad co-founder Keone Hon revealed that the initial total supply of the Monad blockchain network's native gas token will be 100 billion.
Ethereum Co-creation: LINEA token holders will enjoy additional token rewards in the future
According to Odaily Planet Daily, Ethereum co-founder Joseph Lubin revealed that holding LINEA tokens will provide users with more rewards, primarily in the form of other tokens. These rewards will come from ConsenSys and its partners. MetaMask and Linea are reportedly working together on new projects to promote the Linea token economy.
Holding LINEA tokens is considered a symbol of community membership, and the amount and duration of holding will directly affect the scale of rewards that may be received in the future.
Pendle launches Pulse, an AI agent tool focused on optimizing PT yield
According to Odaily, Pendle and Giza have partnered to launch Pulse, an AI agent tool. Pulse is a PT portfolio optimizer that helps users reallocate funds to optimal markets, manage maturity cycles, and automatically compound interest 24/7.
Aster: Airdrop inspection window is open
According to Odaily Planet Daily, Aster officially announced on the X platform that the airdrop checker is now online, and airdrop qualifications cover over 137,000 wallets.
0 G Labs announces the token name as 0 G
Odaily Planet Daily News: Crypto AI startup 0 G Labs announced the name of its native token, 0 G. Zero Gravity (0 G) is the core token of the decentralized AI operating system (DeAI OS) and also the AI Layer 1.
Investment and Financing
Odaily Planet Daily reports that Bitplanet, South Korea's first institutional Bitcoin vault company, has announced the completion of its $50 million acquisition of SGA Co., Ltd., formally completing a management transition and rebranding. The transaction involves a 62% stake acquired from a consortium of investors including Sora Ventures, Parafi Capital, and KCGI, with additional investments totaling $10 million from UTXO Management and Kingsway Capital. Bitplanet aims to become one of the top ten global corporate Bitcoin holders and promote South Korea as a core hub for the international Bitcoin ecosystem.
Odaily Planet Daily News: Kyle Samani, co-founder of Multicoin Capital, posted on X that in addition to Multicoin Capital's joint lead investment in Forward Industries, he also personally invested $25 million.
Earlier news broke that Nasdaq-listed Forward Industries (NASDAQ: FORD) has officially announced it has secured $1.65 billion in cash and stablecoin commitments to launch its SOL-centric digital asset treasury strategy through a PIPE transaction (Private Investment in a Publicly Traded Company). The funding round was led by Galaxy Digital (NASDAQ: GLXY), Jump Crypto, and Multicoin Capital, with participation from C/M Capital Partners, one of the company's largest existing shareholders.
Odaily Planet Daily reported that according to the U.S. SEC, the board of directors of Chinese fashion e-commerce platform Mogujie (NYSE: MOGU) approved a strategic asset allocation plan to allocate up to US$20 million of the company's assets to digital currencies, mainly including Bitcoin, Ethereum and Solana, as well as related securities and investment products.
The Board believes that by integrating digital assets into its core assets, the Company will not only diversify its capital reserves but also enhance its operational capabilities to support the next generation of artificial intelligence products and services. The Board has authorized Chairman Chen Qi to determine the timing and amount of digital currency acquisitions.
DeFi studio Solido completes $800,000 in financing, led by Supra and others
Odaily reports that DeFi studio Solido has secured $800,000 in funding, led by Supra and Cashaa, with participation from HELLO Labs, Spartan Ventures, and K10 Capital. The funds will be used to fuel Solido's product expansion, security audits, deep integration with the Supra technology stack, and community-driven developer adoption.
Regulatory policies
According to Odaily Planet Daily, the U.S. CPI monthly rate in August was 0.4%, the highest since January, higher than the market expectation of 0.3% and the previous value of 0.20%.
According to CME's "Fed Watch," the probability of a 25 basis point Fed rate cut in September is 89.1%, and the probability of a 50 basis point cut is 10.9%. The probability of a cumulative 25 basis point rate cut in October is 4.3%, the probability of a cumulative 50 basis point cut is 84.4%, and the probability of a cumulative 75 basis point cut is 11.3%. (Before the CPI release, the probability of a 25 basis point Fed rate cut in September was 92%, and the probability of a 50 basis point cut was 8%. The probability of a cumulative 25 basis point Fed rate cut in October was 21.2%, the probability of a cumulative 50 basis point cut was 72.6%, and the probability of a cumulative 75 basis point cut was 6.2%.) (Jinshi)
Odaily Planet Daily News: The Hong Kong Monetary Authority issued a draft of the new module CRP-1 "Classification of Crypto Assets" of the "Banking Supervisory Policy Manual" (SPM) to the local banking industry on September 8, intending to further clarify the regulatory guidelines for the new bank capital regulations of the Basel Committee on Banking Supervision's crypto asset regulatory standards, which will be implemented in early 2026.
The new regulations divide crypto assets into two groups, each of which is further divided into two subgroups (Group 1a, Group 1b, Group 2a, and Group 2b). According to the revised Hong Kong Banking (Capital) Rules, Group 1a comprises tokenized traditional assets, and Group 1b comprises stablecoins with effective stabilization mechanisms. Group 2 assets include all crypto assets not backed by reserves, such as Bitcoin and Ethereum, as well as any tokenized traditional assets and stablecoins that do not meet the classification criteria. Using a set of hedging recognition criteria, these assets are further divided into Group 2a (limited hedging recognition) and Group 2b (unrecognized hedging). (Caixin)
Character*Voice
Odaily Planet Daily News: Variant Chief Legal Officer Jake Chervinsky published an article on X stating that there is currently no so-called "GENIUS compliant" stablecoin.
Much of the debate has focused on whether existing stablecoins comply with GENIUS. However, the bill itself does not provide specific rules for how issuers can comply. It simply sets a general framework, leaving the details to regulators to fill in through rulemaking. Rulemaking is a massive undertaking, and until these rules are finalized, it's impossible to determine whether a particular stablecoin complies.
Rulemaking is no small matter, nor is it something anyone can delay – GENIUS actually needs to wait 120 days after the rules are finalized to become effective law, with an estimated date of July 18, 2026. This means the expected effective date for GENIUS is November 15, 2026. Until then, stablecoins will continue to operate under the same regulatory framework that has governed them for the past one, five, and ten years.
STIX founder: “AVAX Treasury” is another suspicious locked token exit plan
Odaily Planet Daily News: Taran YuX, founder of the over-the-counter trading platform STIX, said that Avalanche (AVAX)'s treasury plan is another suspicious locked token exit plan.
According to previous news, the Avalanche Foundation plans to establish two crypto asset reserve companies in the United States, with a total target financing of approximately US$1 billion. The two companies will purchase discounted AVAX from the Avalanche Foundation.
Odaily Planet Daily News: Lito Coen, founder of Cryptotesters and head of growth at Socket, posted on X that he hopes someone can help contact Pantera Capital and is willing to acquire all of the FLUID positions being sold by the latter in a way that has less impact on the market.
Lito Coen added: "There is no problem with Pantera Capital selling the tokens they invested in 2019 and have fully unlocked. They also need to fulfill their investment commitments to LPs. I just want to provide another exit method with less impact." Later, Lito Coen again stated that he had contacted Pantera Capital, but the outcome of the negotiations was currently unclear.
Trader Eugene: Closed SOL long position
Odaily Planet Daily News Trader Eugene Ng Ah Sio said on his personal channel that he had closed his SOL long position and said that this investment had achieved a small victory.
- 核心观点：加密货币市场呈现普涨，监管与机构动态活跃。
- 关键要素：
- 主流币24小时普涨，DOGE领涨+5.43%。
- 中资机构或缺席香港稳定币牌照申请。
- 贝莱德计划代币化现实资产基金。
- 市场影响：短期情绪偏多，长期监管不确定性仍存。
- 时效性标注：短期影响。
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