1. Popular CEX currencies

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

• BTC: +0.09%
• ETH: -1.80%
• SOL: -2.90%
• XRP: -1.14%
• DOGE: -3.52%
• BNB: -0.81%
• ADA: +2.86%
• SOMI: -8.86%
• PUMP: +7.73%
• SUI: -4.81%

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

• MERL: +13.31%
• BADGER: +10.92%
• PUMP: +8.40%
• SONIC: +7.54%
• KMNO: +3.93%
• WLFI: +3.25%
• CFX: +2.72%
• NMR: +2.33%
• ZBCN: +1.89%
• LOOKS: +1.82%

2. Top 5 popular memes on the chain (data source: GMGN ):

• $LILPEPE
• StrSzn
• KIND
• Bagwork
• VLR

3. 24-hour hot search currencies

• ZKC: TGE was held last night and listed on major mainstream centralized exchanges.

Headlines

Paypal integrates cryptocurrencies into new P2P payment process, supporting BTC, ETH and PYUSD

According to market news, Paypal announced that it will integrate cryptocurrencies into the new P2P payment process, supporting Bitcoin, Ethereum and PYUSD.

Forward Industries spent $1.58 billion to purchase more than 6.82 million SOL

Forward Industries announced that it has purchased 6,822,000 Solana (SOL) tokens at an average price of $232 per token, for a total of approximately $1.58 billion. This transaction represents the first deployment of the company's $1.65 billion PIPE financing led by Galaxy Digital, Jump Crypto, and Multicoin Capital. All SOL tokens purchased by Forward Industries have been staked, with some transactions completed through DFlow, the Solana on-chain platform. The company plans to increase the value of each SOL token through active management and on-chain operations. (Business Wire)

MetaMask: Stablecoin mUSD officially launched

MetaMask has announced the official launch of its stablecoin, MetaMask USD (mUSD). Users can now deposit mUSD into MetaMask at low cost. mUSD is now supported on MetaMask Swap and Bridge transactions, and can be spent at over 150 million merchants worldwide using the MetaMask Card.

OKX Wallet will launch the second phase of the Boost promotion for Lombard (BARD) on September 17th, with a total prize pool of 2,600,000 BARD.

OKX Wallet will officially launch the second phase of its Boost - X Launch event on September 17, 2025. This phase features Lombard (BARD) and offers a total prize pool of 2,600,000 BARD. Eligible users can register to participate after the event begins. The entry requirements and trading points rules for this phase will be announced on the product page at the launch date. Stay tuned.

Industry News

France may ban crypto companies licensed by other EU countries from operating in the country

The French Financial Markets Authority (AMF) has stated that it may ban cryptocurrency companies licensed in other EU countries from operating in France, citing concerns that overly lax regulatory requirements in some jurisdictions could lead to enforcement loopholes under the MiCA framework. Furthermore, France, along with Austria and Italy, has called for unified oversight of major crypto companies by the European Securities and Markets Authority (ESMA) and supports a revision of MiCA to strengthen oversight of crypto activities and cybersecurity outside the EU.

REX-Osprey XRP ETF to launch this week

The REX-Osprey XRP ETF (XRPR) is confirmed to launch this week, becoming the first ETF to offer investors exposure to the performance of XRP, the third-largest cryptocurrency. It will be launched by REX-Osprey, the team behind SSK.

Earlier today, Bloomberg Senior ETF Analyst Eric Balchunas published a post revealing that the DOGE ETF (DOJE) is currently scheduled to launch this Thursday, along with the 40 Act spot XRP ETF (XRPR) (these are listed in the same, already effective prospectus). Trump and Bonk are also included, but launch dates for these two have yet to be announced.

Project News

A crypto influencer livestreamed on pump.fun, causing the platform's servers to crash.

Alex Becker, a crypto influencer with millions of followers, started a livestream on pump.fun. Due to excessive traffic, the livestreaming platform's servers crashed. Becker is currently working with the pump.fun team to restore the livestream. "If the livestream can't be restored, I'll just go to YouTube, where we'll continue giving gifts and broadcasting," Becker said.

Pendle launches cross-chain PT, the first of which is PT-USDe deployed on Avalanche

Pendle announced the official launch of its cross-chain PT functionality, with the first product being Ethena Labs' PT-USDe (November 2025), which has been deployed on the Avalanche chain. Pendle stated its mission is to make PT a universal cross-chain collateral for DeFi, with the potential to expand to off-chain applications in the future.

Ethena Foundation: ENA Fee Switch Activated Soon

The Ethena Foundation has officially confirmed that the fee switching parameters set by the Risk Committee have been met. The ENA fee switching mechanism is expected to be activated after the Risk Committee signs off on the implementation details and completes further governance processes. The Risk Committee is currently discussing the specific implementation plan. Once the final framework is finalized, it will be publicly released and ENA token holders will be required to vote on the proposal.

Sky Protocol spent $700,000 to buy back 9.4 million SKY tokens last week

According to official news, Sky Protocol spent $700,000 to repurchase 9.4 million SKY tokens last week. As of now, Sky Protocol has repurchased more than 1.19 billion SKY tokens.

Character*Voice

Coinbase CEO: Exploring its own network token is still in its early stages

Coinbase CEO Brian Armstrong stated in a post on the X platform that the Base network is exploring the possibility of launching its own network token, which could become "an excellent tool to accelerate decentralization and expand the growth of creators and developers in the ecosystem." The Base team is still in the early stages of exploration and has not yet announced details about the token's timing, design, or governance mechanism.

Arthur Hayes: Bitcoin price may climb to $200,000 in 2025, with a target of $1 million in 2028

In a recent interview, BitMEX co-founder Arthur Hayes predicted that Bitcoin could reach $200,000 by the end of 2025, with US Treasury bond buybacks being the primary driver. Hayes believes that the US government's potential bond buyback program will inject new liquidity into the economy, reducing volatility in the Treasury market and freeing up capital, potentially directing investor flows into riskier assets, including Bitcoin. This macroeconomic environment will serve as a catalyst for a significant rise in Bitcoin prices. If favorable conditions persist, Bitcoin could reach $200,000 by the end of the year.

Arthur Hayes further extended his bullish stance to the long term, believing that the price of Bitcoin could reach $1 million by the end of 2028. He pointed out that this forecast is closely related to the trend of US fiscal spending and broader political developments. Continued deficit spending and monetary intervention will undermine people's confidence in fiat currency, thereby promoting the popularity of Bitcoin as a hedging tool.

Trump: Powell must cut interest rates more than I expect

Trump posted on social media that Powell's interest rate cut must exceed my expectations. (Zhitong Finance)

OKX CEO Star: Boost does not support targeted order-washing and aims to connect real DEX users with high-quality projects

OKX CEO Star posted on social media, reiterating that the core goal of OKX Boost is to connect real DEX users with high-quality token projects. The program will not support fake orders solely for OKX Boost, nor will it support professional fake order studios. Users should note that the participation threshold and reward amount for each event are uncertain, and there is no fixed profit expectation. Please be sure to participate rationally.

Matrixport: The Federal Reserve may start cutting interest rates, and easing expectations are expected to drive the bull market to continue

Matrixport released a chart today stating that the probability of a 25 basis point Federal Reserve rate cut this week has significantly increased. While there are still calls for "maintaining the same" or a "one-time 50 basis point cut," with inflation below target and tariff pressure limited, the Fed is more likely to opt for a modest rate cut, maintaining a cautious stance. In this easing environment, concerns about "good news realization" are unlikely to hold true, and the bull market is more likely to continue. Our monitoring shows that the market has already priced in more than three rate cuts, and this round of easing expectations may provide momentum for Bitcoin to reach new highs.