According to Aastocks, the Hong Kong Institute of Certified Public Accountants (HKICPA) responded to Hong Kong Chief Executive John Lee's Policy Address, stating that Hong Kong is implementing diverse measures to boost economic development, with innovation and technology becoming a new driver of growth. As the standard-setter for the accounting profession in Hong Kong, the HKICPA is developing appropriate guidelines for accounting and auditing related to virtual assets and related matters, with an expected release in the first half of next year. Furthermore, it proposes measures to complement the existing patent box mechanism, including the introduction of an intellectual property financing sandbox and the promotion of intellectual property transactions, to encourage local innovation and technology activities and enhance Hong Kong's competitiveness in related fields. This will further develop the digital asset market.
Grayscale Digital Large Cap Fund will begin trading today under a new name that includes "ETF"
Bloomberg ETF analyst Eric Balchunas posted on the X platform that the "Grayscale CoinDesk Crypto 5 ETF," jointly launched by Grayscale and CoinDesk, is the new name for the Grayscale Digital Large Cap Fund (GDLC), which is scheduled to begin trading on September 19. This follows news yesterday that the US SEC approved options linked to the Grayscale Digital Large Cap Fund and the Cboe Bitcoin US ETF Index.
According to on-chain analyst Ember’s monitoring, 10 minutes ago, the Pendle multi-signature wallet (0x811) once again transferred 1.2 million PENDLE (worth approximately US$6.44 million) to Binance.
A whale redeemed its ETH and stETH staked for a year and transferred 4,412 ETH to Binance
According to on-chain analyst Yu Jin, a whale who earned over $12 million on Blast continued to lock in profits. Early this morning, they redeemed the ETH they had deposited a year ago into StakeStone and AOProtocol, transferring 4,412 ETH (worth approximately $20.24 million) to Binance. The whale deposited 4,412 ETH into StakeStone and 8,168 stETH into AOProtocol last year, when the ETH price was around $3,800. Today, they withdrew all of their ETH and stETH, transferring the ETH directly to Binance. The stETH is currently in the process of being redeemed for ETH and is expected to be transferred to Binance upon successful redemption. This operation has resulted in a $10 million profit on these ETH compared to when they were deposited (excluding airdrops from staking).
According to Cryptobriefing, the REX-Osprey XRP ETF (ticker XRPR) saw $37.7 million in trading volume on its first day. The US-listed fund provides exposure to XRP spot prices. According to a post by Eric Balchunas on X, its first-day trading volume surpassed that of the IVES, making it the largest first-day trading volume among funds listed in 2025. The REX-Osprey Dogecoin ETF, which launched on the same day as the XRP fund, saw $17 million in first-day trading volume, placing it among the top five funds listed this year.
Consensys CEO: MetaMask token is coming, and possibly “sooner than you expect”
According to The Block, Consensys CEO Joe Lubin said in an interview that the MetaMask token is coming soon, and it may be "sooner than you expect." Earlier in May, MetaMask co-founder said that its team was still considering launching a native token.
According to Cointelegraph, the Bank of Canada has called for the establishment of a regulatory framework for stablecoins to modernize the payment system and avoid lagging behind other countries in promoting related policies. Ron Morrow, Executive Director of Payments and Other Affairs at the Bank of Canada, said in a speech at the Chartered Professional Accountants Conference in Ottawa on Thursday: "Even if you are on the right track, stagnation will be surpassed. For stablecoins to be considered currency, they must be as safe and stable as bank account balances. Governments are strengthening their regulation of cryptocurrencies such as stablecoins to benefit consumers and avoid credit and liquidity risks. In fact, many jurisdictions around the world have already introduced or are about to introduce regulatory frameworks for crypto assets."
EU Commissioner pledges to advance pension and cryptocurrency reforms this year
According to Jinshi, the European Union has set a year-end target for further measures to boost pension investments and streamline trading processes, in an effort to inject momentum into the revival of Europe's capital markets. EU Financial Services Commissioner Albuquerque unveiled the plan on Thursday. She also announced that the European Commission is considering granting direct supervisory authority to the European Securities and Markets Authority (ESMA), its top market regulator based in Paris. She stated that with the transfer of supervisory authority to ESMA, the Commission will consider the feasibility of centralized oversight of certain market infrastructures, such as central counterparties, central securities depositories, and trading venues. She added that emerging sectors, such as cryptoasset service providers, would also benefit from more centralized oversight, emphasizing that such a move would not diminish the role of national regulators.
According to Bloomberg, people familiar with the matter said the White House is seeking additional candidates for the Commodity Futures Trading Commission (CFTC) chairmanship, as Brian Quintenz's confirmation process to lead the regulatory agency has stalled. Discussions have intensified recently, with potential candidates including government officials focused on cryptocurrency policy. The Trump administration has not announced that Quintenz is no longer in the running. Both Quintenz and the CFTC declined to comment, with White House officials stating that the process is still in its early stages. Separately, Michael Selig, chief counsel for the Securities and Exchange Commission's cryptocurrency task force and a former asset management partner at Willkie Farr & Gallagher, is also considered a candidate. Tyler Williams, digital asset policy advisor to Treasury Secretary Scott Bessent, who worked at Galaxy Digital before joining the Treasury, is also being considered. The CFTC is supposed to have a five-member, partisan committee, but a series of resignations have left only Acting Chairwoman Caroline Pham, appointed by former President Biden.
Kalshi's trading volume this month has reached $1.3 billion, surpassing Polymarket
According to The Block, the prediction platform Kalshi is having its best month in nearly a year. The company said on Thursday that it currently "accounts for 62.2% of global prediction market trading volume, which is in stark contrast to a year ago, when Kalshi accounted for only 3.1% of global trading volume." Kalshi also emphasized that its services are only available to US consumers. Data shows that as of this month, Kalshi's monthly trading volume has reached US$1.3 billion, far exceeding its competitor Polymarket's US$773 million. The last time Kalshi's monthly trading volume exceeded US$1 billion was during the US election in November 2024. Although this month is not over yet and Polymarket may eventually overtake, Kalshi's performance in recent months shows that the platform is becoming increasingly popular.
PayPal's stablecoin PYUSD expands to Tron, Avalanche, Sei and other blockchains via LayerZero
According to The Block, PayPal's stablecoin, PayPal USD (PYUSD), is expanding to multiple new blockchain networks, including Tron, Avalanche, and Sei, through integration with LayerZero's Stargate Hydra cross-chain bridge. Issued by Paxos Trust Company, PYUSD was initially launched natively on Ethereum, subsequently expanded to Solana and Arbitrum, and yesterday added the Stellar network. LayerZero announced Thursday that with this expansion, a permissionless version of the token, dubbed "PYUSD0," will be introduced to seven additional blockchain networks: Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron. Additionally, existing cross-chain versions of PYUSD on Berachain and Flow will be upgraded to PYUSD0.
According to The Block, GRVT, a hybrid decentralized exchange based on Ethereum's scaling layer ZKsync, has secured $19 million in Series A funding, led by ZKsync and Further Ventures, with participation from EigenCloud and 500 Global. The new funding will help GRVT expand its product offerings to include cross-exchange vaults and cross-chain interoperability, and plans to leverage EigenDA's programmable privacy features. GRVT combines the user experience and regulatory compliance of a centralized exchange (CEX) with the self-custody features of a decentralized exchange (DEX). Its mainnet Alpha version, launched on ZKsync in late 2024, has expanded its trading offerings from perpetual cryptocurrency contracts to spot and options. GRVT is currently applying for operating licenses in multiple jurisdictions, having already obtained a VASP license in Lithuania in 2023. Previously, GRVT raised approximately $14.3 million through multiple funding rounds, including $2.2 million in a private token sale in March 2024. Earlier on September 16, it was reported that Grvt will conduct TGE in Q1 2026, and the total amount of community rewards will account for 20% of the total token supply.
Coinbase to List Lombard (BARD) Spot Trading
According to Coinbase Markets, spot trading of Lombard (BARD) will launch on September 18th. The BARD-USD trading pair will be available in supported regions once liquidity conditions are met. BARD will be accessible via coinbase.com, the Coinbase App, and Coinbase Advanced. Institutional investors can trade directly on the Coinbase Exchange.
Canadian police seize over $56 million in cryptocurrency and shut down the TradeOgre platform
According to the RCMP's official website, the Eastern Region of the Royal Canadian Mounted Police (RCMP) federal policing conducted the largest cryptocurrency seizure in Canada's history, seizing over $56 million and shutting down the cryptocurrency trading platform TradeOgre for the first time. The investigation, which began in June 2024 following a tip from Europol, revealed that the platform was not registered as a financial services business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and failed to identify its customers. Police believe that much of the platform's funds were sourced from criminal activity. Further analysis of relevant transaction data is underway, and charges may be filed later.
BounceBit plans to use platform fees for BB repurchase
The BounceBit Foundation is considering implementing a fee allocation mechanism for BounceBit Trade. Fees generated by the platform will be directly used to fund the ongoing buyback of BB tokens, which has already been supported by $12 million in revenue from other products. The Foundation is currently evaluating fee allocation options and further implementation channels.
PayPal's stablecoin PYUSD is now available on the Stellar network.
According to CoinDesk, PayPal's stablecoin PYUSD is now officially launched on the Stellar network.
SBF's X account showed unusual activity, and FTT subsequently surged.
X account monitoring shows that SBF's X account is suspected of having unusual movements and following a large number of users. Perhaps affected by this, FTT broke through 1 USDT and is now reported at 1.05 USDT, with a 1-hour increase of 32%.
Solana Foundation and Ark Invest Participate in Solmate’s $300 Million Funding Round
According to The Block, Brera Holdings will be renamed Solmate and has raised $300 million in private equity funding from investors including the Solana Foundation, Cathie Wood's Ark Invest, Pulsar Group, and RockawayX. Solmate will acquire Solana (SOL) at a discount and plans to dual-list on Nasdaq and in the UAE. The company's CEO is Marco Santori, former Kraken Chief Legal Officer, and its board of directors includes Arthur Laffer and RockawayX CEO Viktor Fischer. Solmate will continue to operate Brera Holdings' sports club business.
According to Lookonchain, 10 Bitcoin ETFs saw a net outflow of 209 BTC (approximately $24.59 million) today, with Fidelity reducing its holdings by 1,003 BTC, leaving it with a current holding of 206,541 BTC (approximately $24.33 billion). Nine Ethereum ETFs saw a net outflow of 2,430 ETH (approximately $11.23 million), with Fidelity reducing its holdings by 6,488 ETH, leaving it with a current holding of 782,446 ETH (approximately $3.61 billion).
The Nasdaq rose 1% during the day, setting a new record high
The Nasdaq rose 1% to a new all-time high, while the S&P 500 rose 0.67% and the Dow Jones Industrial Average rose 0.35%.
Bhutanese government transfers another 570 Bitcoins and may deposit them into CEX again
On-chain data shows that the Royal Government of Bhutan has transferred another 570 Bitcoin (approximately $66.85 million) to a new wallet, and is expected to deposit the funds on a centralized exchange (CEX) as usual. Five hours ago, the Bhutanese government transferred 343.1 Bitcoin.
According to AggrNews, a former Pantera partner is leading Solmate in the UAE and managing the $300 million Solana Digital Asset Treasury (DAT). According to a press release, Brera Holdings (NASDAQ: BREA) announced its rebranding as Solmate and the completion of a $300 million private equity financing round led by the UAE's Pulsar Group with participation from ARK Invest and others. Solmate will establish a digital asset treasury and deploy blockchain infrastructure, centered around Solana. It plans to deploy a high-performance Solana validator node in Abu Dhabi to encourage regional investor participation in SOL staking. Marco Santori will serve as CEO, and the Solana Foundation will have the right to add additional board seats. The company will continue to operate its existing multi-club sports business.
Plasma will launch TGE on September 25th
The Tether-backed Plasma project will launch its Token Generation Event (TGE) at 8:00 PM (UTC+8) on September 25th, simultaneously launching its native token, XPL. The Plasma team claims the stablecoin's total value locked (TVL) will exceed $2 billion at mainnet launch, integrating over 100 DeFi protocols, including Aave and Ethena. Users will be able to transfer USDT via the Plasma network with zero fees. XPL will be distributed to community members and the Stablecoin Collective. The mainnet utilizes the high-performance PlasmaBFT consensus mechanism, supporting global digital dollar payments and distribution.
Trust Wallet releases new TWT economic model and introduces multiple ecosystem incentives
According to the official Trust Wallet blog, Trust Wallet announced a new economic model for TWT (Trust Wallet Token), proposing a tiered incentive system to boost user engagement and loyalty. TWT will be used for various scenarios, including staking rewards, DeFi staking, fee discounts, gas payments, exclusive services, and community governance. The total supply of TWT remains constant, with over 40% already in circulation. The remaining portion will be used for ecosystem development, liquidity, partner incentives, and team incentives. The new incentive system will be rolled out in phases over the next six months.
Nvidia invests $5 billion in Intel and reaches chip cooperation
Nvidia (NVDA.O) announced Thursday that it would invest $5 billion in Intel (INTC.O) to support the struggling US chip foundry, but stopped short of awarding Intel key chip manufacturing contracts. The agreement also includes plans for Intel and Nvidia to jointly develop chips for PCs and data centers, potentially posing a risk to Taiwan Semiconductor Manufacturing Co. (TSM.N). Currently, TSMC manufactures Nvidia's flagship processors; Nvidia, the world's most valuable company, could potentially transfer this business to Intel in the future. Advanced Micro Devices, which competes with Intel in the data center chip supply market, could also suffer from Nvidia's support for Intel.
Upbit will list LA Korean Won trading pairs
Upbit will list the digital asset Lagrange (LA) on the KRW market at 7:30 PM on September 18th (local time), supporting the Ethereum network.
South Korean cryptocurrency exchange Upbit will list Lombard (BARD) in the Korean won, BTC, and USDT markets, supporting deposits and withdrawals on the Ethereum network.
Bhutanese government transfers 343.1 Bitcoins and may deposit them again on CEX
According to Onchain Lens, the Royal Government of Bhutan has transferred 343.1 bitcoins (approximately $40.18 million) to a new wallet and is expected to deposit the funds into a centralized exchange (CEX) as usual.
The first project to be launched in Binance Aspecta's BuildKey TGE is River (RIVER).
Binance Wallet will exclusively launch the Aspecta BuildKey token generation (TGE), with River (RIVER) listed as the first token. Users must use Binance Alpha Points to participate in the BuildKey subscription. The subscription period is from 3:00 PM to 5:00 PM on September 19th, and trading hours are from 5:00 PM on September 19th to 5:00 PM on September 22nd. The TGE and BuildKey redemption time is 5:00 PM on September 22nd (UTC+8). Token prices will fluctuate dynamically based on the Bonding Curve. The liquidity pool will remain stable for a period after the TGE, and liquidity may decline. Redemption is always available.
