According to the Shanghai High Court's official account, the Baoshan District People's Court, under the guidance of the Shanghai Higher People's Court, successfully disposed of over 90,000 FIL coins. This marks the first successful virtual currency disposal by a Shanghai court in a criminal property enforcement case. This disposal adopted a "domestic entrustment, overseas disposal, and closed-loop repatriation" model. The People's Court entrusted a third-party agency to dispose of the assets. After the third-party agency provided a performance guarantee, the overseas transaction was transferred to a qualified overseas agent. The disposal was completed on a licensed virtual asset trading platform certified by the Hong Kong Securities and Futures Commission. The transaction price was no less than the 20-day average price before the transaction date. The proceeds from the disposal were converted into foreign exchange and transferred to the court's dedicated case fund account after completing national foreign exchange management approval procedures. They will subsequently be confiscated and paid into the state treasury or returned to the victim in accordance with the law.
A whale unstaked 53,194 SOL and sold them all, realizing a profit of approximately $3.2 million.
According to Lookonchain monitoring, the giant whale AiMFH9 unstaked 53,194 SOL and sold them all at an average price of US$233 in exchange for 12.41 million USDC, realizing a profit of approximately US$3.2 million.
pump.fun paid out over $4 million in rewards yesterday, most of which went to first-time creators
pump.fun posted on the X platform that yesterday, pump.fun paid out more than $4 million in creator rewards, most of which went to first-time creators.
Bubblemaps: A single entity is suspected of receiving $4 million in tokens from the AVNT airdrop
Blockchain analytics platform Bubblemaps published a post on the X platform claiming that an entity received $4 million in tokens from the AVNT airdrop, demonstrating a coordinated Sybil attack involving over 300 addresses. Multiple airdrop recipients exhibited clear signs of a Sybil attack: funds originating from Coinbase, receiving USDC from a small group of senders, exchanging them on Avantis, claiming the airdrop, consolidating tokens in a small number of addresses, and simultaneously transferring funds to centralized exchanges (Bybit/Gate). As with MYX, these wallets had been idle prior to the AVNT airdrop, and the pattern of fund infusions and claims matched perfectly, demonstrating a clear coordinated operation.
Another attack on the NPM supply chain: @ctrl/tinycolor releases a malicious version
Scam Sniffer has detected another attack targeting the NPM supply chain. @ctrl/tinycolor (downloaded 2.2 million times weekly) has released a malicious version that runs an information stealer during npm's postinstall script to scan for and steal sensitive data. This malicious payload abuses TruffleHog, a legitimate sensitive information scanning tool. Please check if you have downloaded the affected version, suspend installation/updates, and pin to a known-safe version.
According to Zhitong Finance, Yunfeng Financial (00376) announced that it has issued 191 million new shares through a placement at a price of HK$6.1 per share, raising approximately HK$1.17 billion. This placement aims to expand the company's shareholder and capital base and increase market liquidity. This move will further strengthen the group's financial position to support future business development plans. The funds raised will primarily be used for system and facility upgrades, talent recruitment, and related capital needs, including but not limited to the launch of comprehensive virtual asset trading services and virtual asset-related investment management services. Yunfeng Financial previously received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services.
Canary announces a 0.95% fee for spot Litecoin ETF
According to market news, CANARY announced that the spot LITECOIN ETF charges a fee of 0.95%.
According to market news, Polymarket submitted documents to the U.S. Securities and Exchange Commission (SEC), showing that "other warrants" were provided in the latest round of financing, which generally refers to tokens, paving the way for the issuance of Polymarket tokens.
Citigroup predicts Ethereum price will fall to $4,300 by year-end
According to CoinDesk, Wall Street giant Citigroup has released a new Ethereum price forecast, predicting it will reach $4,300 by the end of the year, a decline from its current price. However, this is only a base case scenario. The bank's comprehensive assessment covers a wide range, with an optimistic scenario projecting Ethereum prices at $6,400 and a pessimistic scenario at $2,200. Citi analysts stated that network activity remains a key driver of Ethereum's value, but most recent growth has occurred on Layer 2 networks, and their "value transfer" to the underlying Ethereum network remains unclear. Citi assumes that only 30% of Layer 2 network activity contributes to Ethereum's valuation, meaning the current price is higher than its activity-based model, likely due to strong inflows and market enthusiasm driven by tokenization and stablecoins. Citi expects inflows to remain limited given Ethereum's small market capitalization and low awareness among new investors. Macro factors are believed to provide only limited support. With the stock market approaching the bank's target of 6,600 for the S&P 500, analysts do not anticipate a significant rally in risky assets.
According to Bloomberg, financial regulators in France, Austria, and Italy are urging top EU regulators to directly oversee large cryptocurrency companies and tighten relevant rules after discovering discrepancies in cryptocurrency regulation across countries. The EU's Markets in Crypto-Assets Directive (MiCA) is set to be implemented by the end of 2024, requiring cryptocurrency companies to be licensed in at least one EU member state before they can offer services across the bloc. In a position paper released on Monday, the three countries' financial market regulators stated that this approach exposes "significant differences" in how companies are regulated, which could allow companies to exploit loopholes. They recommended transferring oversight of the industry's largest companies to the European Securities and Markets Authority (ESMA). They also stated that early implementation of MiCA showed limited regulatory convergence, making it difficult to ensure uniform EU standards. An ESMA spokesperson responded that they are working to ensure regulatory consistency and that they had identified areas for strengthening EU-level regulation last year. Furthermore, the three regulators may take precautionary measures to mitigate risks and call for stronger oversight of global platforms, cybersecurity, and token issuance.
MoonPay acquires crypto payments startup Meso Network, adding former PayPal and Venmo executives
According to Bloomberg, MoonPay Inc. has acquired cryptocurrency payments startup Meso Network, moving toward building a global payments network supporting both crypto and fiat currencies, placing it in direct competition with Circle Internet Group Inc. and Visa Inc. Terms of the agreement were not disclosed. CEO Ivan Soto-Wright stated that the acquisition will improve support for the U.S. banking system and optimize the developer platform to facilitate product integration. Meso co-founders Ali Aghareza and Ben Mills, who previously worked at PayPal's Braintree division and Venmo, will serve as MoonPay's chief technology officer and senior vice president of product, respectively. People familiar with the matter revealed that MoonPay is in talks with investors for a new round of funding, with the company's valuation expected to increase from $3.4 billion in 2021. A spokesperson declined to comment. The Meso Network acquisition is reportedly MoonPay's fourth acquisition this year, following its acquisitions of Iron, Helio, and the unannounced Decent.xyz.
According to Jinshi, a U.S. appeals court on Monday rejected President Trump's request to fire Federal Reserve Governor Lisa Cook, the first such action by a president since the Fed's founding in 1913. The ruling by the Court of Appeals for the District of Columbia Circuit means Cook can remain at the Fed for now during the central bank's policy meetings on Tuesday and Wednesday. The Trump administration is expected to appeal the decision to the U.S. Supreme Court. Separately, Trump's nominee for Federal Reserve Board Governor, Michelle Milan, received the necessary votes for confirmation in the U.S. Senate on Monday, allowing her to participate in the Fed's interest rate decision this week alongside 11 other voting members.
Standard Chartered's SC Ventures plans to raise $250 million for its new digital asset fund
According to Bloomberg, Standard Chartered Plc's venture capital arm, SC Ventures, plans to raise funds for a $250 million fund focused on investing in digital assets in the financial services sector. Gautam Jain, an operating member of SC Ventures, said on Monday during the inaugural Money 20/20 fintech event in Riyadh that the fund, planned to launch next year, will be backed by select investors in the Middle East and will focus on global investments. Jain said the unit also plans to launch a $100 million African investment fund and is considering launching its first venture debt fund, but did not specify whether these funds would also focus on digital assets or fintech. Jain also said that the unit is increasing its investment in the Middle East this year, having launched operations in Saudi Arabia in January. Its strategy is to build a team dedicated to the Saudi market and launch a domestic fund in 2026, focusing on minority investments in companies and new business development.
According to Cryptopolitan, Next Technology (NASDAQ: NXTT) filed a shelf registration statement for $500 million of common stock, planning to use part of the proceeds to increase its Bitcoin holdings.
According to The Block, Robinhood Markets Inc. (HOOD) plans to launch a publicly traded fund, "Robinhood Ventures Fund I," to provide US retail investors with access to private companies. CEO Vlad Tenev stated that for decades, wealthy individuals and institutions have been able to invest in private companies, while retail investors have been excluded. The new fund will allow ordinary people to access investment opportunities once reserved for the elite. Previously, Robinhood allowed users in the European Union to purchase tokenized shares tracking prominent private companies such as OpenAI. This new fund, focused on the US market, will make long-term investments through IPOs and subsequent stages, targeting multiple industries. Robinhood noted that investment opportunities have shrunk in recent years, with the number of US public companies falling from approximately 7,000 in 2000 to approximately 4,000 in 2024, while the number and value of private companies have increased, exceeding $10 trillion in total. Robinhood has submitted a registration statement to the US SEC for the public offering of the fund and hopes to list it on the New York Stock Exchange under the ticker symbol RVI.
According to The Block, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that Ethereum may benefit more than Bitcoin and Solana with the rise of digital asset reserves (DATs). His report notes that the recent decline in DATs' market net asset value (mNAV) will force companies to differentiate themselves and may drive consolidation among Bitcoin reserves. In contrast, Ethereum and Solana reserves may have higher mNAVs due to their ability to generate staking income, and the Ethereum reserve's greater maturity offers a more pronounced advantage. Currently, DATs hold 4% of Bitcoin, 3.1% of Ethereum, and 0.8% of Solana, and the size of their holdings significantly influences token prices. Kendrick believes that market saturation is the primary driver of valuation compression, but DATs still offer "selective investment value" as they provide access to digital assets in restricted regions. In the future, fund-raising capabilities, company size, and staking income will be key factors in differentiating DAT performance. He added that if some DATs remain below asset value for a prolonged period, this could trigger consolidation, and strategic acquisitions may be more cost-effective than direct token purchases. Overall, DATs will drive Ethereum's outperformance over Bitcoin and Solana.
Japanese financial giant Credit Saison launches investment fund for real-asset startups
According to The Block, the venture capital arm of Japanese financial giant Credit Saison will launch a blockchain investment fund, Onigiri Capital. The fund, with a size of US$50 million, aims to build an institutional-level bridge between American innovation and Asia's mature blockchain and financial networks, helping founders build global financial products. According to a spokesperson, Onigiri is backed by Saison Capital and has raised US$35 million through "joint investment by Credit Saison and external investors." The fund has a maximum limit of US$50 million and can absorb additional funds. The fund will focus on early-stage startups in the real-world asset field, covering financial infrastructure construction such as stablecoins, payments, tokenization, and DeFi, with a particular focus on connections with Asia. Credit Saison is a large financial services company in Tokyo, affiliated with Mizuho Financial Group, and is Japan's third-largest credit card issuer. It is also involved in various business areas. Its venture capital arm has invested in cryptocurrency companies since 2023.
Bitcoin Treasury Firm Strive Launches $950 Million in New Capital and Announces Board Members
According to The Block, Strive, which recently completed its merger with Nasdaq-listed Asset Entities, announced its board of directors and details of its Bitcoin accumulation strategy on Monday. The company raised $750 million in funding and has the option to raise up to $750 million more through warrants within the first 12 months. The company will raise its initial Bitcoin holdings of 69 Bitcoins, valued at approximately $7.9 million, under Section 351 of the Internal Revenue Code. As part of its shelf registration, Strive announced a $450 million over-the-counter offering and a $500 million share repurchase program, aimed at maintaining balance sheet flexibility and increasing the number of Bitcoins per share. The company has qualified as a Well-Known and Established Issuer (WKSI), allowing it to omit certain details from regulatory filings and maintain an equity-only capital structure. Similar to Strategy, Strive plans to use shelf registration to issue perpetual preferred stock securities, which will be used to acquire additional Bitcoins as they accumulate value, thereby increasing common shareholders' Bitcoin exposure. Matt Cole will serve as CEO and Chairman of the Board, and three Strive executives will join his board of directors. The board of directors includes Shirish Jajodia, financial director of Strategy, and Pierre Rochard, CEO of The Bitcoin Bond Company.
According to The Block, cryptocurrency supporters, including Strategy co-founder Michael Saylor and Marathon Digital Holdings CEO Fred Thiel, gathered in Washington, D.C. on Tuesday to promote legislation that could allow the United States to purchase one million Bitcoins. On Tuesday morning, more than a dozen cryptocurrency supporters will participate in a roundtable hosted by Republican Senator Cynthia Lummis and Representative Nick Begich, co-sponsors of the bill to establish a U.S. Strategic Bitcoin Reserve. Hailey Miller of DPN, an affiliate of the Chamber of Digital Commerce, stated that cryptocurrency supporters hope the Strategic Bitcoin Reserve will remain a priority in Washington. She explained that with much progress already underway in the digital asset sector and the fall agenda still to be advanced, the current goal is to ensure that the Bitcoin Act and the Strategic Bitcoin Reserve remain priorities. The bill has been referred to two committees, but no hearings have been scheduled. Miller expects the meeting to discuss next steps for the bill and garner bipartisan support. DPN will also share briefing documents, calling it an "opportunity for bipartisan cooperation."
SEC and Gemini reach "in-principle settlement" in Gemini Earn lawsuit
According to The Block, the U.S. Securities and Exchange Commission (SEC) and Gemini Exchange have reached a "resolution in principle" after the agency accused the crypto exchange of failing to comply with relevant regulations when launching a crypto lending program. In court documents filed on Monday with Judge Edgardo Ramos of the U.S. District Court for the Southern District of New York, lawyers for Gemini Trust Company, LLC and the SEC stated that the two parties had reached a solution in principle, stating that the regulator still needed to sign off. They also requested a suspension of all "pending dates." Previously, in January 2023, the SEC filed a lawsuit against Genesis Global Capital, LLC and Gemini, accusing them of providing unregistered securities offerings and sales to retail investors through Gemini Earn.
Bitwise Submits S-1 to SEC for Avalanche ETF
According to The Block, crypto asset management firm Bitwise is seeking to launch an ETF tracking AVAX, the native token of the Avalanche blockchain. If the product is approved by the U.S. Securities and Exchange Commission (SEC), Coinbase will be designated as the custodian. In its S-1 filing on Monday, Bitwise stated: "The trust provides investors with access to the Avalanche market through a traditional brokerage account, avoiding the barriers to entry or risks associated with directly purchasing and holding Avalanche." The fund will use the CME CF Avalanche-USD Reference Rate to determine its net asset value (NAV). The fund will hold AVAX tokens and will not use derivatives.
Coinbase announces the launch of Boundless (ZKC) spot trading
Coinbase has officially announced the launch of Boundless (ZKC) spot trading, labeled "experimental." Boundless (ZKC) will be available on coinbase.com, the Coinbase App, and Coinbase Advanced. Institutional investors can access Boundless (ZKC) directly through Coinbase Exchange. The ZKC-USD trading pair is now in auction mode. Users can place limit orders and view the final indicative opening price. The order book will remain in auction mode for at least 10 minutes, during which no trades will occur. After the auction closes, crossed-out orders will be matched at the opening price.
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.
Bloomberg ETF Analyst: Doge ETF and XRP ETF are expected to be launched this Thursday
Bloomberg ETF analyst Eric Balchunas wrote that the Doge ETF ($DOJE) and the 40 Act Spot XRP ETF ($XRPR) are expected to launch this Thursday. Both ETFs are disclosed in the same effective prospectus. Trump and Bonk-related ETFs are also included in the prospectus, but no specific launch dates have been announced.
The Ethena Foundation confirms that the fee switch parameters set by the Risk Committee have been met. The ENA fee switch is expected to activate after the Risk Committee signs off on the implementation details and completes the subsequent governance process. The Risk Committee is currently discussing the specific implementation plan, which will be made public once finalized. ENA holders will then vote to confirm the framework.
According to the TON Foundation, community members recently reported that a TON Foundation intern launched and promoted a personal meme coin on the pump.fun platform (using a personal account named X, displaying the TON badge) and outlined future plans for the project. However, the content was subsequently deleted, the livestream was terminated, and the project was subsequently abandoned. The TON Foundation stated that this action was not approved or endorsed by the Foundation. As the intern was responsible for operating the official X account, the actions caused community confusion and undermined trust. The Foundation has decided to terminate the intern's cooperation immediately and reiterates its commitment to internal and external transparency and accountability.
Google's market capitalization surpasses $3 trillion for the first time
U.S. stock market data shows that Google (GOOGL.O) rose more than 3%, setting a new historical high, and its total market value exceeded US$3 trillion for the first time.
According to Decrypt, the Ethereum Foundation has announced the formation of a dedicated DAI team, dedicated to promoting Ethereum as an infrastructure for AI development. Led by core developer Davide Crapis, the team is currently focused on advancing the ERC-8004 standard, enabling seamless transactions for AI agents within the Ethereum ecosystem. The standard will be officially released at the Devconnect conference in November. The Foundation also plans to collaborate with Silicon Valley companies, with the long-term goal of building decentralized AI infrastructure to prevent the industry from being monopolized by a small number of companies.
PayPal to integrate cryptocurrencies into one-click payment links “PayPal links”
According to PayPal's official website, PayPal has launched "PayPal Links," a feature that allows users to send and receive payments via text messages, social apps, or email using personalized, one-time links. This feature is now available in the US and will expand to markets such as the UK and Italy by the end of the month. PayPal Links supports cryptocurrency payments and will integrate Bitcoin, Ethereum, PYUSD, and more in the future. Users can transfer funds between PayPal, Venmo, and supported crypto wallets worldwide. Unclaimed links expire after 10 days, and funds are instantly credited. Personal transfers remain exempt from 1099-K tax reporting.
American Express launches blockchain travel stamp feature
According to CoinDesk, American Express has launched "Travel Stamps," an Ethereum-based digital stamp system, in its new travel app. Users earn a stamp every time they use their American Express card. These stamps are ERC-721 NFTs, minted and stored on the Coinbase Base network. They have no transaction value and currently do not earn points or circulate. American Express claims this move aims to enrich users' travel record-keeping experience and may expand partnerships in the future. The app also adds several new travel tools and an upgraded Centurion Lounge service.
According to PR Newswire, Helius (NASDAQ: HSDT) announced that it has secured over $500 million in private equity funding in partnership with Pantera Capital, Summer Capital, and Newfire Technology. The company plans to use Solana (SOL) as its primary reserve asset to drive the development of the Solana ecosystem. The funding includes common stock and prepaid warrants with an exercise price of $10.134 and a three-year validity period. Helius will use the proceeds to purchase Solana and develop digital asset reserve operations. It will subsequently evaluate DeFi opportunities such as staking and lending, maintaining robust risk management. The company's shares will continue to trade on the Nasdaq. According to Newfire Technology (1611.HK), a Hong Kong-listed company, Newfire invested $10 million in Helius (HSDT)'s private placement to support its strategic transformation.
Forward Industries spends $1.58 billion to purchase more than 6.82 million SOL
According to Business Wire, Forward Industries announced that it has purchased 6,822,000 Solana (SOL) tokens at an average price of $232 per token, totaling 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 of the SOL purchased by Forward Industries has been staked, with some transactions conducted through DFlow, the Solana on-chain platform. The company plans to increase the value of its SOL tokens per share through active management and on-chain operations.
Strategy purchased another 525 bitcoins, bringing its total holdings to 638,985 bitcoins
According to Michael Saylor, Strategy purchased 525 bitcoins between September 8 and 14 for approximately $60.2 million, at a price of approximately $114,562 per bitcoin. As of September 14, the company held a total of 638,985 bitcoins, representing a total investment of approximately $47.23 billion and an average cost of approximately $73,913 per bitcoin. The projected return on investment in Bitcoin by 2025 is 25.9%.
Binance Alpha to List Velora (VLR) on September 16
According to Binance Chinese, Binance Alpha will be the first platform to list Velora (VLR) on September 16. Eligible users can use Binance Alpha Points to claim the VLR airdrop on the Alpha event page after Alpha trading opens.
BitMine disclosed that it holds more than 215,000 ETH, with total assets reaching US$10.77 billion
According to PR Newswire, BitMine Immersion Technologies announced that its total cryptocurrency and cash assets reached $10.771 billion, including 2.151 million ETH (priced at $4,632 per ETH according to Bloomberg), 192 Bitcoins, $569 million in cash, and $214 million in Eightco equity. BitMine is the world's largest corporate ETH vault, with an average daily trading volume of $2 billion, ranking 28th among US stocks. The company aims to hold 5% of the world's ETH supply and has received support from several institutional investors.
CoinShares: Digital asset investment products saw net inflows of $3.3 billion last week
According to CoinShares' latest weekly data, digital asset investment products saw $3.3 billion in net inflows last week, bringing assets under management to $239 billion, approaching their all-time high in August. The United States contributed $3.2 billion, Germany $160 million, and Switzerland saw an outflow of $92 million. Bitcoin saw $2.4 billion in inflows, its highest level since July. Ethereum ended its eight-day streak of net outflows, receiving $646 million in weekly inflows. Solana saw $145 million in daily inflows, bringing its weekly total to $198 million. Aave and Avalanche saw outflows of $1.08 million and $0.66 million, respectively.
Binance Alpha to List Maiga.ai (MAIGA) on September 17th
Binance Alpha will launch Maiga.ai (MAIGA) on September 17th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens. Detailed details will be announced separately.
Data: $700 million USDT withdrawn from Aave platform and transferred to HTX exchange
According to Solid Intel, approximately $700 million USDT was withdrawn from the Aave platform and transferred to the HTX exchange 35 minutes ago.
London Stock Exchange launches blockchain private equity platform, completes first transaction
According to CoinDesk, the London Stock Exchange Group (LSEG) announced that its blockchain-based private equity platform, Digital Markets Infrastructure (DMI), has completed its first transaction. The initial clients are investment management firm MembersCap and digital asset exchange Archax, with the transaction closing the fundraising for MembersCap's MCM Fund 1. LSEG stated that DMI covers the entire asset lifecycle, improving efficiency from issuance to settlement, and will be compatible with existing blockchain and traditional financial services.
Hyperscale Data announces $100 million Bitcoin reserve strategy
According to PR Newswire, Hyperscale Data (NYSE: GPUS) announced the launch of a $100 million Bitcoin reserve strategy, intending to make Bitcoin its primary corporate reserve asset. The initiative will be funded in part by the sale of its Montana data center assets and equity financing. The company will accelerate the expansion of its Michigan AI data center, aiming to increase power capacity to 70 megawatts within 20 months, with potential expansion to 340 megawatts. Hyperscale Data will also disclose its cryptocurrency holdings weekly to enhance transparency.
Upbit to List Boundless (ZKC) in Korean Won, BTC, and USDT Markets
According to an Upbit announcement, Upbit announced that it will open deposits and withdrawals of Boundless (ZKC) on the Ethereum network at 22:00 (local time) on September 15, and support KRW, BTC, and USDT market transactions at 23:00.
