- Popular CEX Cryptocurrencies
Top 10 CEX Trading Volumes 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 Rankings (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 Company's Main Bitcoin Holding Address: Most BTC is Held Directly
Odaily Planet Daily reports that Tether CEO Paolo Ardoino announced the company's main Bitcoin holding address on the X platform, stating: "The vast majority of our Bitcoin is held directly: bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4."
Paxos, Frax, Agora Compete to Issue Hyperliquid USDH Stablecoin
Odaily Planet Daily reports that Hyperliquid plans to launch a native stablecoin USDH, with validators voting to decide the issuer. Currently, Paxos, Frax, Agora, and Native Markets have submitted proposals, and Ethena has also hinted at participation. Paxos proposes to use 95% of the interest for HYPE buybacks; Frax plans to back it with frxUSD and zero fees, with annual returns potentially reaching $220 million; Agora promises to return 100% of net income to the ecosystem. The final result will be decided by a vote on September 14. (The Block)
Industry News
Ark Invest Increases Holdings of Ethereum Treasury Company BMNR by 388,045 Shares This Week
Odaily Planet Daily reports that Tom Lee, chairman of the board of BitMine (BMNR), a treasury company for Ethereum, shared information on the X platform indicating that Cathie Wood's Ark Invest has increased its holdings of BMNR shares by 388,045 through its exchange-traded fund on September 5. According to data disclosed by Ark Invest Tracker, Ark Invest's three ETFs now hold BMNR shares worth $267 million, with ARKK holding $178.6 million, ARKF holding $31 million, and ARKW holding $57.7 million.
Tom Lee-led FutureCrest Acquisition Submits IPO Application to Raise $250 Million
Odaily Planet Daily reports that FutureCrest Acquisition, a blank check company (SPAC) led by BitMine chairman Tom Lee, submitted documents to the SEC on Friday, planning to raise up to $250 million through an initial public offering (IPO). The company stated it will leverage its management team's expertise and social capital in artificial intelligence, digital assets, fintech, infrastructure, robotics, and communications, while also emphasizing opportunities in business intelligence, productivity software, and digital health. (Renaissancecapital)
Terraform Labs Co-founder Do Kwon's Claim for SGD 19.4 Million Housing Payment Dismissed by Court
Odaily Planet Daily reports that according to Lianhe Zaobao, Do Kwon, co-founder of the defunct blockchain company Terraform Labs, sought about 50% of the purchase price for a penthouse on Orchard Road in Singapore, but was dismissed by the Singapore High Court.
Five months before the collapse of his cryptocurrency TerraUSD and Luna in 2022, Do Kwon had set his sights on the Sculptura Ardmore apartment valued at SGD 38.8 million. He selected a 7,600 square foot duplex four-bedroom penthouse on the 19th floor of the project, one of only three penthouses in the project. Do Kwon paid about SGD 19.4 million in option fees and subsequent payments, nearly half of the purchase price. However, he ultimately failed to complete the purchase, and the apartment was resold for SGD 34.5 million. Although the developer reportedly confiscated the payments made by Do Kwon, he argued that the confiscation was invalid and commissioned 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 Program Will Increase to 160 Million LINEA Next Week
Odaily Planet Daily reports that Linea has officially announced that next week, the Linea Ignition liquidity incentive program will distribute 160 million LINEA tokens as incentives (previously planned for 150 million).
Among them, the total rewards for USDC, USDT, and ETH in the lending pools (Aave, Euler) will be 128 million LINEA tokens; the total rewards for trading using Etherex (trading pairs including USDC/ETH, WBTC/ETH, USDT/ETH, ETH/REX) will be 32 million LINEA tokens.
Paxos Proposes to Launch Stablecoin USDH for Hyperliquid, Most Revenue to be Used for HYPE Buybacks
Odaily Planet Daily reports that stablecoin infrastructure company Paxos has submitted a proposal to launch a compliant stablecoin USDH in the Hyperliquid ecosystem, in accordance with the GENIUS Act and MiCA regulatory standards. The announcement states that 95% of the interest generated from USDH reserves will be used for HYPE token buybacks and distributed to users, validators, and partner agreements.
The plan is managed by Paxos Labs, a newly established internal division of Paxos, which has acquired Molecular Labs to develop the foundational components LHYPE and WHLP for Hyperliquid. USDH will be deployed on the HyperEVM and HyperCore chains, aiming to attract institutional and mainstream fintech platforms by connecting with global banking channels and compliance systems.
Additionally, Paxos stated it will integrate HYPE into its brokerage infrastructure, which has provided crypto services for PayPal, Venmo, and MercadoLibre. According to DefiLlama data, Hyperliquid holds a 70% share in the decentralized perpetual futures market, with nearly $400 billion in trading volume last month and revenue exceeding $106 million. (Cointelegraph)
SOL Strategies Approved to List on Nasdaq on September 9, Stock Code STKE
Odaily Planet Daily reports that SOL Strategies (HODL), a digital asset company listed in Toronto and focused on the Solana blockchain, has been approved to list its common stock on the Nasdaq Global Select Market. Trading will begin on September 9, with the stock code STKE. As of the end of August, the company held 435,064 SOL tokens.
ENA Treasury Company Raises $530 Million, Plans to Use $310 Million for Public Purchase of ENA
Odaily Planet Daily reports that Ethena Labs announced on X that the ENA treasury company StablecoinX has raised $530 million as part of its ENA accumulation strategy. To date, StablecoinX has raised approximately $895 million through PIPE financing, and it is expected that after the transaction is completed, its balance sheet will hold over 3 billion ENA.
A subsidiary of the Ethena Foundation will use the funds raised from this PIPE to initiate a buyback plan of approximately $310 million for ENA, expected to be executed by third-party market makers within the next 6 to 8 weeks, with the buyback scale accounting for about 13% of the circulating supply. The previous round of PIPE financing has been completed, with approximately 7.3% of the circulating supply of ENA purchased.
The new buyback deployment plan is: when the ENA price is above $0.70, $5 million will be bought back daily; when the price is below $0.70 or if it drops more than 5% within 24 hours, $10 million will be bought back daily.
Avantis Launches AVNT Token Airdrop Checker, Airdrop Claims Start on September 9
Odaily Planet Daily reports that the Base ecosystem derivatives trading platform Avantis has launched an AVNT token airdrop checker, with over 65,000 wallets eligible for the airdrop. Airdrop claims will begin on September 9 at 22:00.
On August 27, Avantis announced the launch of the AVNT token, with a total supply of 1 billion tokens, of which 51% is allocated to the community, including 12.5% for airdrops. Avantis previously completed an $8 million Series A financing round in June 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 YZi Labs Begins Expansion in Hong Kong
Odaily Planet Daily reports that CZ's family office YZi Labs has begun its expansion in Asia, including the Hong Kong market. Public data shows that the family office manages assets exceeding $10 billion. The head of the family office, Ella Zhang, has been actively engaging in business development in Asia, aiming to increase BNB accumulation projects and future ecosystem development. This includes supporting a fund company named B strategy in raising $1 billion for "coin accumulation" activities announced at the end of August. YZi Labs also announced support for Huaxing Capital's $100 million BNB accumulation project, hoping the latter can become the BNB strategy for Hong Kong stocks. An insider familiar with YZi Labs stated that many in the Hong Kong financial circle have sought cooperation with YZi Labs recently, with potentially hundreds of individuals (or teams) involved, and further developments may follow. (Tencent "Qianwang")
Digital Asset Custody Company Tangany Completes €10 Million Series A Financing
Odaily Planet Daily reports that Munich-based digital asset custody service provider Tangany has announced the completion of €10 million in Series A financing, led by Baader Bank, Elevator Ventures (a venture capital firm under Raiffeisen Bank International), and Heliad AG's digital asset investment firm Heliad Crypto Partners, with participation from HTGF and Nauta Capital. The company is currently regulated by the German Federal Financial Supervisory Authority (BaFin) and provides custody services for crypto trading platforms such as eToro and Bitvavo. The new funds will support the optimization of European financial infrastructure.
ArkStream Capital Announces Additional $10 Million Investment in Ethena
Odaily Planet Daily reports that ArkStream Capital announced on the X platform that as part of its long-term strategy, the institution has made an additional $10 million investment in Ethena Labs as of August 2025, following an initial investment of $5 million in December 2024. ArkStream Capital stated that the increased investment reflects its recognition of Ethena's structural breakthroughs in product development and capital markets.
Odaily Planet Daily reports that Egyptian blockchain fintech company Munify has announced the completion of a $3 million seed round financing, with strategic investment from BYLD and Digital Currency Group (DCG), the parent company of Grayscale. The company utilizes blockchain technology to provide individuals and businesses with multi-currency instant sending and receiving services and has launched a virtual card supported by stablecoins. Its business currently covers the United States, the United Kingdom, Europe, and Gulf Cooperation Council (GCC) member countries. The new funds will be used to expand into other markets and enhance its compliance team.
Regulatory Policies
Trump Hints at Soon Announcing Federal Reserve Chair Nominee
Odaily Planet Daily reports that market news indicates Trump has hinted at soon announcing his nominee for Federal Reserve Chair.
US Republicans Plan to Amend Rules to Accelerate Confirmation of Federal Reserve Board Nominees
Odaily Planet Daily reports that a Republican Senate aide stated on Friday that a proposed rule amendment to be reviewed early next week, if approved by the Republican-controlled Senate, will expedite the confirmation process for Federal Reserve Board nominees put forth by President Trump. Trump has nominated Stephen Moore to fill the vacancy on the Federal Reserve Board, and if the Senate can timely pass the rule changes regarding Trump's nomination process, Moore is expected to take office before the Federal Open Market Committee's interest rate decision meeting on September 16-17.
Voices
Tether CEO: No BTC Sold, Will Continue to Invest Profits in Safe Assets
Odaily Planet Daily reports that Tether CEO Paolo Ardoino stated on the X platform: "Tether has not sold any Bitcoin, but has 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."
Odaily Planet Daily reports that CryptoQuant CEO Ki Young Ju stated on social media that he supports Sun Yuchen's sale of unlocked tokens, believing there is nothing wrong with this action. He stated that the WLFI Foundation should be held accountable for implementing "de-banking" measures against users, which contradicts its own established purpose.
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