24H Trending Coins & Headlines | Pons Plans to Expand More Stock Tokens; Abnormal Password Reset Emails Affect Thousands of X Users (September 2)
- Key Takeaways: This market briefing covers crypto market performance, Meme coin trends, global regulatory developments, and the convergence of traditional finance with crypto. The market is showing mixed signals, with select altcoins performing strongly while regulators in multiple countries accelerate the establishment of stablecoin and digital asset frameworks.
- Key Elements:
- Market Performance: BTC, ETH and other major cryptocurrencies posted 24-hour declines between 1%-6%, while UNI bucked the trend with a 10.49% gain; OKX's top gainers were CHIP (+12.69%), FIL (+12.32%), and UNI (+10.49%).
- Regulatory Developments: Russia's digital asset law took effect on September 1, capping annual retail investment at approximately $3,700; the Monetary Authority of Singapore is seeking public feedback on its stablecoin regulatory framework; Thailand's SEC plans to allow retail investors to participate in regulated overseas crypto derivatives trading.
- Finance Convergence: 21 international financial institutions plan to form a stablecoin company, targeting the launch of a U.S. dollar stablecoin in the first half of 2027; the London Stock Exchange plans to introduce tokenized UK stocks in partnership with Payward, the parent company of Kraken.
- Market Indicators: South Korea's "kimchi premium" for Bitcoin has remained positive for a week straight, marking the longest streak since May; U.S. spot Bitcoin ETFs saw net inflows of approximately $1.92 billion during the week of August 17, setting a 10-month weekly record.
- Security Incidents: Injective suspended operations for about 4 hours due to a binary options vulnerability, with approximately $4.9 million stolen; Solana AMM protocol Aquifer suffered a ~$2.5 million loss after an attack; Full Sail, a Sui ecosystem DeFi protocol, decided to cease operations following an oracle-related security incident.
- Funding & Fundraising: Felix Pago raised $200 million in a Series B round with participation from a16z; Kast completed an $80 million raise at a $600 million valuation; DeFi Development Corp. plans to raise up to $20 million to increase its SOL holdings.
- Notable Voices: CZ responded to the $4.3 billion fine, saying "I carried the weight for the industry — worth it"; Tom Lee predicts Bitcoin could reach $150,000; U.S. Treasury Secretary Bessent urged Japan to raise interest rates, drawing attention to Bitcoin and fixed monetary policy.
1. Hot CEX Tokens
CEX Top 10 by Trading Volume and 24-Hour Change:
- BTC: -2.05%
- ETH: -2.6%
- SOL: -3.53%
- XRP: -2.97%
- ZEC: -3.43%
- UNI: +10.49%
- ENSO: -5.06%
- BNB: -1.06%
- ENA: +4.36%
- ARB: -6.31%
24-Hour Gainers (Data source: OKX):
- CHIP: +12.69%
- FIL: +12.32%
- UNI: +10.49%
- VELO: +9.82%
- CRV: +7.97%
- AR: +7.5%
- SKY: +7.08%
- ROBO: +7.07%
- CVX: +6.06%
- ONT: +4.85%
24-Hour Crypto-Equity Gainers (Data source: msx.com):
- AXTQ: 15.03%
- CONI: 12.16%
- MSTZ: 11.34%
- AAOZ: 10.84%
- LITZ: 10.01%
- BWET: 9.38%
- NCTY: 8.8%
- MRNA: 8.02%
- ZSL: 7.81%
- BEX: 7.35%
2. Trending On-Chain Memes (Data source: GMGN):
- PONS
- fone
- GPRO
- SOLCAT
- fable
Top News
Odaily News - Justin Sun has recently filed batch real-name complaints against self-media accounts that have criticized him. Citing "infringement of reputation/goodwill/privacy/portrait rights," Sun has filed complaints against multiple self-media accounts, including Luke Wen Studio and "Luo Yansu." The complaint materials request platforms to take action against articles that use definitive terms like "rug pull" and reinforce a negative persona, stating that lawyers have been engaged to preserve evidence. (Red Star News)
Odaily News - September 1: Thousands of X users have reported receiving password reset emails that they did not initiate, including several crypto industry accounts and some media professionals. Some users received up to 10 such emails within a few hours. Crypto investor Nic Carter stated that a large number of users are receiving X password reset requests and recommended enabling X's "Password Reset Protect" feature. Crypto user cap.eth noted that even with two-factor authentication enabled, someone is still attempting to reset their password. There is currently no evidence that X's systems have been compromised or that a mass account takeover has occurred. X's security mechanism allows attackers to initiate password reset requests using only a public username, after which X sends a reset email to the linked address. Therefore, receiving such an email does not necessarily mean the user's email address has been leaked. X has not yet publicly responded to the anomalous password reset requests, nor confirmed any coordinated attack activity or security incident. Industry insiders advise users to review their account security settings and enable password reset protection.
BonkGuy Recounts Trading History: Turned $16K into Over $20M, Then Lost It All in a "10/10" Market
Odaily News - Crypto trader BonkGuy has reviewed his past Meme coin trading experiences, noting that in 2023, he turned a $16,000 principal into a position worth over $20 million through 6x leveraged BONK trading. He later 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 gains from the above trades were ultimately lost in a "10/10" market condition.
Industry News
Odaily News - According to reports, US Treasury Secretary Bessent has recently urged Japan to raise interest rates to curb the continued depreciation of the yen. Analysts suggest this highlights how traditional monetary policy is susceptible to government and external factors. In contrast, Bitcoin's monetary policy is pre-defined by code, with new coin issuance following a fixed schedule and halving approximately every four years, offering greater predictability. Bitcoin may still face short-term impact from traditional financial markets in the near term. If Japan's rate hike drives a rapid yen appreciation, long-accumulated low-interest yen carry trades could unwind, potentially triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's rate hike strengthened the yen and weighed on risk assets, including Bitcoin. On the technical side, BTC's 50-day moving average continues to rise and is approaching a crossover above the 200-day moving average, potentially forming a "golden cross." Analysts note that moving averages are lagging indicators, and the golden cross has historically been inconsistent as a standalone predictive signal.
Odaily News - 21 international financial institutions have announced plans to establish a new company in the second half of 2026 to promote stablecoin issuance, with the specific name to be announced later. The company will initially focus on USD-pegged stablecoins, with future plans to expand to more G7 currencies, prioritizing a euro stablecoin. Participating institutions include Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, Deutsche Bank, UBS, Wells Fargo, BBVA, Santander, and MUFG Bank. The stablecoin initiative targets wholesale, institutional, and retail markets, with applications in cross-border payments and digital asset settlement. The group stated that the stablecoin solution will combine bank-grade compliance, governance, and institutional risk management capabilities, and plans to comply with relevant regulatory requirements such as the US GENIUS Act and the EU's MiCA framework, with a goal of launching the stablecoin product in the first half of 2027.
Odaily News - Bitcoin has seen the return of the "kimchi premium" in the South Korean market. On September 1, Bitcoin's KRW price on Upbit, South Korea's largest cryptocurrency exchange, was approximately 1% higher than Binance's USD price. The premium has persisted for a week, marking the longest streak since early May.
Bitcoin was trading around $79,000 in early September, having briefly surpassed $80,000 in August. US spot Bitcoin ETFs saw net inflows of approximately $1.92 billion in the week of August 17, a 10-month weekly high, followed by another $923 million in the week ending late August.
Upbit data shows that Bitcoin traded at a discount in the South Korean market for most of this summer, with the discount reaching 3.1% in early June and averaging 0.25% in August. 10x Research noted that while the Korean premium has turned positive, spot trading volume has not increased correspondingly. (Bloomberg)
London Stock Exchange Proposes Tokenized UK Stocks, Partners with Payward, Kraken's Parent Company
Odaily News - The London Stock Exchange (LSE) has announced it is evaluating the launch of tokenized UK stocks to broaden capital market access while preserving shareholder rights, protections, and governance standards. LSE will establish a partnership with Payward, the parent company of Kraken, to explore how regulated market infrastructure and digitally native distribution can support the development of a tokenized public stock market. The work will consider LSEG's Digital Securities Depository (DSD) support for settlement and asset services, all subject to regulatory approval. As part of its market infrastructure modernization program, LSEG will also advance the 24-hour trading platform LSE 24, the Digital Securities Depository, and a Digital Settlement House. Upon regulatory approval, LSE plans to list and begin trading xStocks on LSE 24 in 2027.
Musk: Google and Anthropic Are Renting AI Computing Power from SpaceX
Odaily News - Musk stated that bringing large AI data centers online requires building massive power generation facilities, transformers, liquid cooling loops, and cooling systems, as well as extremely complex network infrastructure, particularly compute clusters for AI model training.
Musk previously stated that amid tightening electricity supply, Google and Anthropic are renting AI computing power from SpaceX, noting that SpaceX is currently ahead of other companies in the efficiency of AI compute infrastructure deployment.
Odaily News - Manus announced on X that it has resumed independent operations and entered a new phase of development. Founding team member Red Xiao and others will continue to oversee company operations, focusing on product innovation and the advancement of general AI Agents.
Manus stated that as an independent Agent lab, the company will continue to expand the boundaries of general AI Agent capabilities, translating new capabilities into products that help users handle complex tasks. Going forward, Manus will further integrate into users' daily workflows, interact more directly with the real world, and more proactively execute tasks on behalf of users. Manus also thanked users who recently helped with data backup and recovery, and indicated that more innovative products will be launched in the future.
Strategy: STRC Dividend Yield to Remain at 12% for September
Odaily News - Strategy officially announced on X that the STRC dividend yield will remain unchanged at 12% for September.
Gate Futures LLC Registered as CFTC Independent Introducing Broker and Joins NFA
Odaily News - Gate Futures LLC, a wholly owned subsidiary of Gate US, has completed registration with the US Commodity Futures Trading Commission (CFTC) as an Independent Introducing Broker and has officially become a member of the National Futures Association (NFA).
Project News
Odaily News - According to Dune data, crypto-equity paired Memes on the Robinhood chain have exceeded stock token trading volume for four consecutive days, capturing the majority of the RWA trading market share on the Robinhood chain. Crypto-equity paired Memes are also driving stock token trading volume. On August 31, crypto-equity paired Meme trading volume reached $93.1 million, up approximately $20 million from the previous day, while stock token trading volume reached $91.4 million, up approximately $40 million from the previous day.
For more information and analysis on crypto-equity paired Memes, see "Another $100M+ 'Golden Dog' Emerges on Robinhood Chain; Crypto-Equity Paired Memes Boost RWA".
Pons Plans to Expand Stock Tokens; Creator Cumulative Trading Fee Revenue Exceeds $25 Million
Odaily News - Pons announced on X that it plans to add more stock tokens to its platform and invited community users to leave comments recommending stock tickers they would like to see added.
Additionally, Pons released data showing that token creators on its platform have cumulatively earned over $25 million in trading fee revenue, with related fees payable in stock tokens, ETH, or USDG. At the same time, Pons indicated it is preparing a new list of stock tokens.
Team Token Lockup Extended by 12 Months; Aster Delays Unlock of 400 Million ASTER to September 2027
Odaily News - Aster has announced an update to the ASTER tokenomics model, extending the team allocation lockup period by 12 months, with the unlock date postponed from September 17, 2026 to September 17, 2027. This portion totals 400 million ASTER, representing 5% of the maximum supply, originally planned to unlock 10 million tokens monthly starting from September 17 this year.
This adjustment does not affect Aster's buyback and burn mechanism. For every 1 ASTER repurchased, an equivalent amount of ASTER will continue to be burned from reserves, with priority given to burning the team allocation.
Arthur Hayes: Technocore.chat Is Live; Earn FLOP Airdrop Through Participation and Promotion
Odaily News - Arthur Hayes announced on X that Technocore.chat has gone live.
Flop Labs previously stated it is monitoring AI Agents participating in the Technocore ecosystem. Agents can create unique DID keys and earn FLOP token airdrop rewards by participating in the ecosystem and promoting Technocore. Arthur Hayes subsequently retweeted the post, saying: "Now utility AI Agents have more ways to participate in airdrops and earn FLOP tokens."
Odaily News - According to Paddy-earthling's monitoring, Injective was suspended for approximately 4 hours due to an apparent binary options vulnerability. The attacker exploited a decommissioned but still registered oracle Frontrunner to steal approximately $4.9 million. The oracle's data sources had long been cleared. The attacker created 299 markets pointing to this oracle, and when prices could not be obtained, the "no-price refund" mechanism was triggered. The attacker exploited a flaw in this mechanism to receive approximately 2x payouts, converting USDC into approximately 1,980 ETH, worth about $4.9 million. The assets are currently held in an Ethereum wallet that has never sent a transaction. Paddy-earthling noted that after the attack, Injective's official account continued posting marketing content without mentioning that the chain had been paused.
Injective: No On-Chain Attack; INJ and User Funds Remained Safe Throughout the Upgrade
Odaily News - Injective officially stated that yesterday's accelerated network upgrade took longer than expected, but throughout the process, the Injective blockchain and IN
