Solana's total app revenue in August reached $193.5 million, a year-on-year increase of over 126%.
According to a Step Finance report, Solana's revenue landscape in August showed both growth and volatility. Solana's total application revenue reached $193.5 million, an increase of over 126% compared to August 2024, but the distribution of revenue varied across categories. Trading tools remained Solana's most profitable sector, generating $67 million in August, 2.6 times the revenue generated in August 2024. Axiom generated $49.1 million in revenue. Furthermore, Pump.fun saw revenue rise to $41 million in August after a weak July. Infrastructure application revenue remained stable at $7.4 million, while DEX revenue reached $22.5 million, with Meteora surpassing Raydium. Smaller segments such as DePIN and Pokémon Trading Cards also saw significant growth, with revenue increasing approximately 5x and 2.3x year-over-year, respectively. Overall, these data suggest that Solana's revenue is expanding unevenly but broadly, with leadership shifting frequently between projects and sectors.
Aave Governance Initiative (ACI), the advocacy organization for Aave governance, released a report on the status of the Aave DAO, stating that over half of Aave's cross-layer L2 and L1 replica instances are currently economically unviable. Based on year-to-date data, over 86.6% of Aave's revenue comes from the mainnet. ACI recommends shutting down the underperforming L2 and will release a proposal soon. Furthermore, ACI recommends reforming the forking framework to prohibit value dilution caused by third-party forks like Spark, and adopting performance-based incentives tied to performance indicators (KPIs). Due to shrinking profit margins in the lending business, ACI announced it will vigorously promote the development of the GHO stablecoin. It recommends that the DAO maintain AAVE buybacks ($500,000-1 million USD per week) for the next 18 months, deploy over $100 million in reserves for growth and distribution partnerships, and further leverage its GHO credit line (collateralized by BTC, ETH, and AAVE). ACI will soon present its framework of growth investment principles to the DAO.
A whale withdrew $10.61 million worth of PUMP tokens from Binance in the past 11 hours.
According to Onchain Lens monitoring, in the past 11 hours, a whale withdrew 1.3 billion PUMPs (worth US$10.61 million) from Binance.
Nothing, the Web3 smartphone maker, announced the completion of a $200 million Series C funding round at a $1.3 billion valuation. The company previously partnered with Polygon to launch the blockchain-powered Nothing Phone. Tiger Global led the round, with participation from existing investors including GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry. This new funding brings Nothing's total raised to over $450 million. Founder Carl Pei stated, "This marks the beginning of a new chapter for us: from building the only emerging smartphone company of the past decade to creating a hardware- and software-integrated AI-native platform." The company plans to launch its first AI-native devices next year.
Lookonchain monitoring indicates another institution is aggressively buying SOL. In the past eight hours, FalconX has withdrawn a cumulative 413,075 SOL (worth $98.4 million) from Binance, OKX, Coinbase, and Bybit.
GD Culture Group Limited (NASDAQ: GDC) announced that it has signed a share exchange agreement on September 10, 2025, to acquire 100% of the issued and outstanding common stock of Pallas Capital. Upon completion of the transaction, the company will issue 39,189,344 shares of common stock and acquire all of Pallas Capital's assets, including 7,500 bitcoins, free of all encumbrances.
SlowMist Technology's Chief Information Security Officer, 23pds, posted on the X platform that attackers recently poisoned the NPM supply chain, replacing the SVG referenced by the decentralized platform with an embedded malicious script file. They then exploited SVG's XSS pop-up window to trick DApp users into signing and stealing their assets. Please pay attention to security.
Yala announces recovery plan: Illegally minted YU tokens will be destroyed on September 23
Yala has released a post-mortem analysis of the September 14th attack, detailing the timeline, analysis results, and recovery plan. According to the report, a hacker abused a temporary deployment key during the authorized bridge deployment, set up an unauthorized cross-chain bridge, and withdrew 7.64 million USDC (approximately 1,636 ETH). YU briefly decoupled from the token to $0.20 before stabilizing at $0.94. No protocol vulnerabilities were exploited, and no Bitcoin reserves were compromised. Following the unauthorized overissuance of 30 million YU to Solana, the hacker has returned a significant portion of the assets. The current status is as follows: 22.287 million YU tokens have been returned, and the remaining 7.713 million YU have been converted to 1,635,572 ETH. Regarding the recovery plan, all illegally generated YU will be destroyed on September 23rd, and full liquidity will be restored: every user can redeem YU for USDC at a 1:1 ratio. Some users were unfairly liquidated and penalized due to the decoupling of YU. Starting September 23, Yala will initiate a claims process for liquidation penalty compensation.
According to on-chain analyst Ember, a trader who lost $35.84 million long on ETH and then switched to shorting BTC has switched targets again today, having lost another $7.5 million on his BTC short position. In just one month, he's lost $43.33 million, leaving less than $1 million in his address. The trader began longing ETH in mid-August, but the anticipated surge didn't materialize. Seeing ETH's weakness, he stopped out in early September, losing $35.84 million and switching to shorting BTC. However, BTC proved resilient and held firm, and he finally closed all his positions early this morning, losing another $7.5 million. He's now back in ETH, but now shorting instead of long. He sold all his BTC shorts seven hours ago and opened a short position in ETH: he's now short 5,432 ETH ($24.5 million) at $4,485, with a liquidation price of $4,594.
A newly created wallet received 5,817 BTC from FalconX 8 hours ago, worth $678 million.
According to Lookonchain monitoring, 8 hours ago, a newly created wallet bc1qup received 5,817 BTC (worth $678 million) from FalconX.
A whale deposited another 2,600 ETH worth $11.72 million to Kraken
According to Onchain Lens, a whale deposited another 2,600 ETH (worth $11.72 million) into Kraken. The whale still holds 10,877 ETH (worth $49.07 million).
Tether CEO: Tether's profit margin is as high as 99%
Tether CEO Paolo Ardoino posted on the X platform that Tether’s profit margin is as high as 99%.
Changpeng Zhao updates his profile on account X, possibly hinting at an imminent return to Binance
Binance founder Changpeng Zhao updated his X account profile this morning from "ex-@binance" to "@binance," possibly hinting at his imminent return to Binance. Earlier today, Bloomberg reported that Binance is in talks with the U.S. Department of Justice to remove its independent compliance oversight body.
According to BlockchainReporter, Move Industries announced today that the Movement network will transition from a sidechain architecture to an independent Layer 1 blockchain. The company claims this move will significantly improve performance, support native token staking, and provide support for Move 2.0. As a Layer 1 blockchain, Movement will be able to process over 10,000 transactions per second with sub-second confirmation times, a significant improvement over the current network's upper limit of 500-600 TPS. The Layer 1 blockchain is designed to fully leverage the performance potential of the Move Virtual Machine (MoveVM) while removing the centralized sorter, a single point of failure in the sidechain model. Only unlocked MOVE tokens are eligible for staking. This rule prohibits locked tokens held by investors or core contributors from being used for staking. Move Industries claims this helps align staking rights with real, active holders. Movement will also be an early adopter of Move 2.0 language features. Move 2.0 introduces fundamental developer features such as enumerations and function values, and Movement's Layer 1 blockchain will be the first to support these new features. A public testnet for developers is about to go online, and the organization plans to complete the mainnet migration by the end of 2025. Earlier in May, news broke that Movement Labs was reorganized and renamed Move Industries, implementing new governance and product lines.
US SEC Delays Approval of TRUTH SOCIAL Spot Bitcoin ETF
According to market news, the U.S. Securities and Exchange Commission (SEC) has postponed its approval decision on the TRUTH SOCIAL spot Bitcoin ETF.
An address containing 1,000 BTC was activated after 11.7 years of dormancy.
According to Whale Alert monitoring, about 3 hours ago, an address that had been dormant for 11.7 years was activated, containing 1,000 BTC (about US$117 million).
Galaxy Digital plans to launch its own tokenized money market fund: Sources
Galaxy Digital, the digital asset investment firm led by Mike Novogratz, is planning to launch a tokenized money market fund, according to sources familiar with the matter. The fund is reportedly slated to debut in the coming months and will eventually be available on the Ethereum, Solana, and Stellar blockchains. However, the fund may not be available on all three blockchains on its first day of launch. Anchorage Digital will serve as the custodian for the new fund.
Financial Times: UK and US plan closer cooperation on cryptocurrency regulation
According to the Financial Times, the United States and the United Kingdom plan to cooperate more closely on cryptocurrency regulation. According to the report, British Chancellor of the Exchequer Rachel Reeves and U.S. Treasury Secretary Scott Bessent discussed the cooperation during a meeting on Tuesday. Representatives from institutions such as Bank of America, Barclays, Circle, Citigroup, Coinbase and Ripple also attended the meeting. Cassie Craddock, Managing Director of Ripple UK and Europe, said that the cooperation "is expected to set an example of international cooperation for our industry. The UK is now poised to become a leading digital asset and innovation center. Strengthening international cooperation between the UK and the United States will further unleash the economic potential of blockchain technology in both countries." Last week, industry groups urged the British government to include stablecoins and tokenization in the "UK-US Technology Bridge" plan.
Bitwise Submits Stablecoin and Tokenized ETF Application to the US SEC
According to The Block, asset management firm Bitwise filed a prospectus for the "Bitwise Stablecoin and Tokenized ETF" on Tuesday. According to the filing, if the fund is approved by the U.S. Securities and Exchange Commission (SEC), it will "provide investors with exposure to assets that are expected to benefit from the growing adoption of stablecoins and tokenization, and fundamental changes in how financial assets are traded and settled." Eric Balchunas, senior ETF analyst at Bloomberg, suggests the Bitwise Stablecoin and Tokenized ETF could launch around the end of November (around Thanksgiving).
JuCoin's platform token, JU, plummeted rapidly at 00:45 AM this morning, reaching a low of $6 around 06:00 AM, a 74.96% drop from its 24-hour high of 23.9656. JU is currently trading at $7.3435, a 24-hour drop of 69.19%. JuCoin issued a statement stating, "Due to the broader market environment and external liquidity, the platform token has experienced significant short-term price fluctuations. Ju.com's operations and financial security remain unaffected, all business segments operate normally, and user assets are secure. The platform token's price fluctuates due to market sentiment, the macro environment, and secondary market trading, and this is within normal limits."
According to Bloomberg, people familiar with the matter revealed that the crypto exchange Binance is in talks with the US Department of Justice about a potential agreement that would exempt Binance from a key oversight requirement if it pays $4.3 billion to settle charges of failing to adequately prevent money laundering. Federal prosecutors are in discussions with Binance regarding the requirement to establish an external compliance monitor. A change to this requirement would mark the latest softening of the US Department of Justice's use of independent oversight, having already rescinded several monitors appointed by the Biden administration. The Justice Department has yet to make a final decision on whether to rescind the three-year monitorship. Pending the Justice Department's approval, Binance may still be subject to stricter compliance reporting requirements.
Coinbase to List Perpetual Contracts for AVNT, WLFI, SKY, and CRO
According to Coinbase Markets, trading for Avantis (AVNT), World Liberty Financial (WLFI), Sky (SKY), and Cronos (CRO) perpetual futures will open on September 18th, with the relevant markets expected to go live in supported regions on or after 9:30 UTC, subject to liquidity conditions being met.
Keyrock acquires Turing Capital for $27.8 million, expanding its digital asset management business
According to The Block, digital asset trading infrastructure provider Keyrock announced the acquisition of Luxembourg-based alternative investment fund manager Turing Capital for $27.8 million, establishing an asset and wealth management division. Turing Capital CEO Jorge Schnura will lead the new division and join Keyrock's leadership team. The acquisition aims to strengthen Keyrock's investment services for institutional and high-net-worth clients, encompassing liquidity provision, long-term investing, and on-chain asset management. Keyrock has also recently expanded its operations in the United States and plans to apply for an investment advisory license under the EU's MiCA regulations.
Tether Treasury destroys another 2 billion USDT on the Tron chain
According to Whale Alert, at 11:19 PM Beijing time, the Tether Treasury destroyed another 2 billion USDT on the Tron blockchain, valued at approximately $2.0023 billion. Together with the 2 billion USDT destroyed at 11:17 PM, Tether has destroyed a total of 4 billion USDT on the Tron blockchain today. According to Onchain Lens, this, combined with the 1 billion USDT minted on the Ethereum blockchain at 10:24 PM and 11:06 PM today, brings the total USDT issuance to $4 billion over the past four days.
Boyaa Interactive (00434), a Hong Kong-listed company, issued an announcement stating that between September 15, 2025 and September 16, 2025, the group conducted a series of transactions on the open market, purchasing a total of approximately 245 bitcoins for a total consideration of approximately HK$219 million (equivalent to approximately US$28.16 million).
According to DL News, a recent survey shows that the median salary for core software developers who maintain and improve the Ethereum blockchain is $140,000, while those with the opportunity to switch jobs can expect to earn a median salary of $300,000. Only 37% of respondents received equity or token incentives from their employers, while 38% received high-paying job offers from other public blockchains or Ethereum's Layer 2. The report states that this salary gap could slow Ethereum development progress and increase the risk of developers being influenced by vested interests. Data indicates that there are currently approximately 200-300 core Ethereum developers, of whom approximately 190 are members of the protocol guild. By comparison, an entry-level employee at Coinbase earns a base annual salary of approximately $150,000, with an additional $56,000 in stock and bonus incentives.
Spot gold reaches 3700 mark for the first time
Spot gold hit a new all-time high, surpassing $3,700. Gold prices have been rising significantly since August 20, with a cumulative increase of nearly $400.
Trump sues New York Times for $15 billion
According to CoinDesk, Donald Trump has filed a $15 billion defamation lawsuit against The New York Times, claiming that its reporting damaged his personal reputation, his business, Truth Social, and the $TRUMP crypto project.
Three Swiss banks complete interbank payment pilot using Ethereum
According to CoinDesk, Swiss banks UBS, PostFinance, and Sygnum have successfully tested interbank payments on the Ethereum blockchain, using deposit tokens to enable legal settlement between banks without requiring traditional payment systems. The pilot, which included peer-to-peer payments between clients and the exchange of deposit tokens for assets, demonstrated both technical and legal feasibility. The next step is to encourage participation from more banks, infrastructure providers, and regulators to explore large-scale deployment of the system.
Figure, a humanoid AI company, announced it has secured over $1 billion in funding, bringing its latest post-money valuation to $39 billion. This round was led by Parkway Venture Capital, with participation from NVIDIA, Intel Capital, and LG. The funds will be used to advance the mass production of robots with human-like intelligence, build GPU infrastructure, and support the Helix data acquisition project.
Google launches AI payment protocol, supports stablecoins and partners with Coinbase and Salesforce
According to Fortune, Google has launched a new open-source AI payments protocol that supports credit and debit cards, as well as stablecoins pegged to assets like the US dollar. Developed in collaboration with Coinbase, the Ethereum Foundation, and over 60 other organizations, including Salesforce, American Express, and Etsy, the protocol aims to enable secure and interoperable money transfers between AI applications. Google and Coinbase have ensured interoperability between their respective payment solutions, facilitating automated payments between AI agents.
Binance Alpha to List Lombard (BARD) on September 18th
Binance Alpha will list Lombard (BARD) on September 18th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens. Detailed details will be announced later.
Circle announced that native USDC and CCTP V2 have launched on HyperEVM within the Hyperliquid ecosystem. Developers, institutions, and traders can now access USDC on HyperEVM and securely deposit and withdraw from over ten blockchains using CCTP V2. USDC, a fully-reserve, regulated stablecoin, supports institutional deposits and withdrawals through Circle Mint and HyperEVM application integration. The official mainnet and testnet contract addresses have been announced, and testnet USDC redemption is now available. Initial partners include Across Protocol and Stargate Finance. Officials announced that direct interoperability between HyperEVM and HyperCore will be enabled in the future.
The ETH whale, who has been trapped for nearly 4 years, transferred 1,427 ETH to Binance
According to Aunt Ai, the address 0xE58…dBA63 purchased 1,337 ETH at an average price of $4,141 between October 2021 and February 2022. After holding the ETH for four years, it transferred 1,427 ETH (approximately $6.44 million) to Binance today. If all were sold, the transaction would realize a profit of approximately $501,000. The address previously experienced a maximum drawdown of 74.4%, having just recouped its investment last month.
SharpLink announces repurchase of 1 million shares of SBET, bringing ETH holdings to $3.86 billion
SharpLink announced that it has repurchased 1 million SBET shares, bringing the total repurchased to 1,938,450 shares, as part of a $1.5 billion repurchase program. As of September 14, the company held 838,152 ETH, with a market capitalization of approximately $3.86 billion. Since its launch on June 2, the company has received 3,240 ETH in staking rewards, increasing its ETH concentration by 99%. The company currently has no debt and total assets of approximately $3.86 billion.
Velora announces the deactivation of PSP tokens and the launch of VLR to take over governance
According to The Block, the cross-chain trading protocol Velora (formerly ParaSwap) has officially launched its new token, VLR. Effective immediately, PSP will lose its governance, staking, and rewards functions. Starting September 16th, users can migrate PSP, sePSP1, and sePSP2 to VLR at a 1:1 ratio, gas-free. The migration window will be open for at least one year, and those migrating before December 16th will receive additional VLR rewards. VLR utilizes a unified staking mechanism and a rewards mechanism tied to protocol revenue, marking a comprehensive upgrade to Velora's governance and brand. Velora's cumulative trading volume has exceeded $125 billion, with monthly trading volume reaching $7 billion in August.
Santander's Openbank Launches Cryptocurrency Trading Service
According to Bloomberg, Openbank, an online bank under the Santander Group, has launched cryptocurrency trading services for retail customers in Germany. The service supports Bitcoin, Ethereum, Litecoin, Polygon, and Cardano, with plans to expand to more tokens in the coming months. Openbank plans to expand the service to Spanish customers within weeks. The transaction fee is 1.49%, with a minimum of €1 per transaction, and there are no custody fees. Santander is also preparing to issue a stablecoin.
Mirror will shut down next month, with content and users automatically migrating to Paragraph.
According to Paragraph's official website, Mirror and Paragraph will merge, with the Mirror platform shutting down within the next month. All Mirror users' articles and subscribers will automatically migrate to Paragraph, while existing content will remain online. Visitors to Mirror blogs will automatically be redirected to the new platform. Paragraph has recently launched new features such as "Post Coins," "Remixing," and "Writer Coins" to support interaction and monetization between authors and readers.
DeAgent AI (AIA) will be available on Binance Alpha and Futures platforms.
Binance Alpha will launch and open trading for DeAgent AI (AIA) at 4:00 PM (GMT+8) on September 18, 2025. Additionally, Binance Futures will launch AIAUSDT perpetual contracts with up to 50x leverage at 4:30 PM (GMT+8) on September 18, 2025. DeAgent AI (AIA) is a decentralized AI agent infrastructure that powers the Sui, BSC, and BTC ecosystems. As a launch bonus, all eligible Binance users will receive an exclusive Binance token airdrop. Eligible users can claim the airdrop using Binance Alpha Points between 4:00 PM (GMT+8) on September 18, 2025, and 4:00 PM (GMT+8) on September 19, 2025, through the Binance Alpha event page.
Abu Dhabi’s ORQO Group was established to provide a platform for Ripple’s stablecoin RLUSD
According to CoinDesk, the ORQO Group, established in Abu Dhabi with $370 million in assets under management, integrates four traditional and crypto financial institutions: Mount TFI, Monterra Capital, Nextrope, and Soil. Through its Soil platform, the group will provide on-chain yield services based on private credit for Ripple's RLUSD stablecoin on the XRP Ledger. ORQO has obtained licenses in Poland and Malta and is in the process of applying for regulatory approval from the Abu Dhabi Global Market. In the future, it will open multiple RLUSD credit pools, providing yield opportunities for institutional and protocol funds.
Aster: Token airdrop claims will open tomorrow at 17:00
Aster, a decentralized exchange, announced that its native token, $ASTER, will launch its TGE tomorrow. Users can claim $ASTER at 5:00 PM (UTC+8), with $APX trading available at 6:00 PM (UTC+8), and trading will open at 8:00 PM (UTC+8).
According to The Block, the US SEC is promoting universal listing standards for crypto spot ETPs. In the future, crypto ETPs that meet pre-defined criteria will no longer need to apply individually, with approvals expected in as little as 75 days. Bitwise Chief Investment Officer Matt Hougan stated that if the new regulations are implemented, various crypto assets like Solana, XRP, and Chainlink are expected to rapidly launch ETPs, driving market expansion. Previously, the adoption of similar regulations in the traditional ETF market saw annual issuance increase from 117 to 370.
