Multicoin co-founder Kyle Samani personally invests an additional $25 million in Forward Industries
Multicoin Capital co-founder Kyle Samani announced in a post that Forward Industries has completed a $1.65 billion PIPE financing round led by Multicoin Capital, Jump, and Galaxy, all in US dollars. In addition to Multicoin Capital's investment, he personally invested an additional $25 million and has assumed the role of Chairman of Forward Industries.
According to Ember, 5.355 million UNI (approximately $52.9 million) was transferred to an address suspected to be the Anchorage institutional platform, of which 200,000 UNI (approximately $1.97 million) was transferred to a centralized exchange nine hours ago. These UNI were primarily purchased through Anchorage Digital in 2023 at an average price of $4.95, resulting in a profit of approximately $27.5 million.
Galaxy Digital once again purchased over 700,000 SOL tokens, worth approximately $160 million
According to Lookonchain, Galaxy Digital has just purchased another 706,790 SOL tokens, worth approximately $160 million. In the past 24 hours, Galaxy Digital has accumulated purchases of 2,159,182 SOL tokens, totaling $486 million.
FTX/Alameda redeemed and transferred another 192,000 SOL, approximately $43.56 million
According to Ember, FTX/Alameda redeemed 192,000 SOL (approximately $43.56 million) from staking seven hours ago. The funds are expected to be distributed to multiple addresses, with the majority subsequently transferred to Coinbase or Binance. Since November 2023, this staking address has redeemed and transferred out a total of 8.98 million SOL (approximately $1.202 billion), leaving 4.184 million SOL (approximately $960 million) currently staked.
Bitcoin's "sleeping whale" transferred over 230 BTC after 13 years
According to Onchain Lens, an address transferred 232.16 BTC (approximately $26.56 million) to a new address after 13.1 years of inactivity. This address had previously purchased all BTC for $2,812 when the BTC price was only $12.11.
DTCC Lists Three Crypto ETFs, Including Solana, HBAR, and XRP
According to Phoenix, the US DTCC has listed Fidelity Solana ETF (FSOL), Canary HBAR ETF (HBR) and Canary XRP ETF (XRPC).
BlackRock is exploring the tokenization of traditional assets such as ETFs through blockchain
According to Bloomberg, BlackRock is exploring how to tokenize traditional assets, such as ETFs, through blockchain technology. This aims to enable 24/7 trading, enhance international accessibility, and provide new types of collateral for crypto networks. BlackRock has previously launched BUIDL, a tokenized money market fund with over $2 billion in assets, and is testing related products on platforms such as JPMorgan. This initiative still requires regulatory approval. The current tokenized asset market is approximately $28 billion, far smaller than the total US ETF industry.
Gemini Completes $425 Million IPO, Selling Approximately 15.2 Million Shares at $28 Per Share
According to Bloomberg, Gemini Space Station Inc., the cryptocurrency exchange led by the Winklevoss twins, raised $425 million in its initial public offering (IPO), issuing approximately 15.2 million shares at a price of $28 per share, higher than the previous range of $24 to $26. The company's latest financial report showed a net loss of $283 million and revenue of $68.6 million in the six months ending June 30. Nasdaq subscribed to $50 million in shares at the IPO price, with up to 10% allocated to long-term users, management, and employees. Retail investors can participate through platforms such as Robinhood, SoFi, and Webull. Documents show that the Winklevoss twins owned nearly all of the company's shares before its IPO and are expected to control approximately 94.5% of the voting rights after the IPO.
According to Globenewswire, Safety Shot, Inc. (NASDAQ: SHOT) announced the establishment of BONK Holdings LLC, a new subsidiary formed to implement its digital asset strategy. BONK Holdings has actively expanded its capital reserves through two previous offerings and an additional $5 million in acquisitions in partnership with FalconX. BONK Holdings purchased 228,908,284,661 BONK tokens at an average cost of 0.00002184. As a result of these acquisitions, the company now holds over 2.5% of the total circulating supply of BONK, valued at approximately $55 million.
Bubblemaps: MYX team directly linked to $170 million airdrop wallet
Blockchain analytics platform Bubblemaps published a post on the X platform claiming the MYX team is directly linked to a wallet that received $170 million from its airdrop, suspecting it was an insider operation. Previously, Bubblemaps revealed how a single entity received $170 million from the MYX airdrop via 100 newly deposited wallets, without any direct link to the MYX core team. Bubblemaps traced the movement of funds from multiple addresses on both blockchains, starting with the MYX creator address, which begins with 0x8eEB. They found address 0x4a31, one of the wallets that received the airdrop and matching the funding pattern of 95 other sybil wallets. 0x4a31 sent $2.8 million worth of MYX to a deposit address used only by one other wallet, 0xeb5A, which is associated with the MYX creator.
According to Lookonchain monitoring, in the past three hours, three newly created wallets received 46,347 ETH (worth $204.4 million) from FalconX.
According to SolanaFloor, Galaxy Digital purchased 430,000 SOL (worth $97 million) from Binance in the past hour. Over the past 12 hours, Galaxy has purchased a total of 1.35 million SOL (worth $302 million).
Starknet: BTC staking functionality will be launched on the mainnet on September 30
Starknet announced on the X platform that BTC staking will launch on mainnet on September 30th. This upgrade will allow Bitcoin holders to stake on Starknet, helping to secure the network and earn rewards. Furthermore, the unstaking period will be shortened from 21 days to 7 days, providing a faster and more flexible experience for both stakers and delegators. To complete this upgrade, the staking contract will be suspended for several hours around 10:00 AM (GMT+3) on September 15th to integrate Bitcoin staking into the Starknet staking mechanism. Once the upgrade is complete, validators and developers will be able to deploy Bitcoin delegation pools and begin integrating with the protocol. Rewards will begin to be distributed on September 30th.
Sei: U.S. Department of Commerce data will soon be connected to the Sei network
Sei, a Layer 1 public blockchain, announced on the X platform that U.S. Department of Commerce data will soon be integrated into the Sei network. Chainlink data standards will transmit U.S. GDP and other U.S. government macroeconomic indicators to Sei, empowering institutional markets with secure and reliable data. This follows news from August that the U.S. government released its latest GDP data to Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum, and Polygon.
According to Jinshi, initial jobless claims in the United States rose sharply last week, consistent with a marked weakening of labor market conditions. The Bureau of Labor Statistics reported Thursday that initial jobless claims rose by 27,000 to 263,000 in the week ending September 6, exceeding both the previous reading of 236,000 and expectations of 235,000. The US government said this week that nonfarm payrolls may have been overstated by 911,000 in the 12 months ending in March. Last week's nonfarm payroll report showed that job growth nearly stagnated in August, with a decrease in June, the first such decline in four and a half years. A New York Fed survey also showed that consumer confidence in finding a job in August fell to its lowest level since June 2013. The Federal Reserve is expected to cut interest rates next week, with a 25 basis point cut already fully priced in by the market.
Traders fully price in three Fed rate cuts by end-2025
According to Jinshi, traders have fully priced in three interest rate cuts by the Federal Reserve before the end of 2025.
According to Jinshi, the U.S. Consumer Price Index (CPI) rose more than expected in August, with the annual rate of inflation increasing at its fastest pace in seven months. However, these figures are not expected to prevent the Federal Reserve from cutting interest rates next week due to a weak labor market. Data released Thursday showed that the CPI rose 0.4% in August, following a 0.2% increase in July. For the 12 months through August, the CPI rose 2.9%, the largest increase since January, following a 2.7% increase in July. Following recent bearish news on the labor market, the CPI report could stoke concerns about stagflation. The impact of U.S. President Trump's comprehensive tariffs will be gradual, but price increases are likely to accelerate in the coming months as businesses have now depleted their pre-tariff inventories. Business surveys have been hinting at impending price increases for some time. "There is a lot of evidence that more tariff-related inflation is coming, although it may take several months for the full transmission to occur," said Stephen Stanley, chief economist for U.S. Capital Markets at Santander Bank.
According to Jinshi, traders are increasing their bets on the Federal Reserve's interest rate cuts, believing that the Fed will cut interest rates at least twice by the end of 2025.
According to Jinshi.com, the US core CPI rose to 3.1% in August, compared to expectations of 3.10% and the previous reading of 3.10%. The US core CPI rose to 0.3% in August, compared to expectations of 0.30% and the previous reading of 0.30%. The US unadjusted CPI rose to 2.9% in August, compared to expectations of 2.90% and the previous reading of 2.70%. The US CPI rose to 0.4% in August, compared to expectations of 0.30% and the previous reading of 0.20%.
A newly created wallet received $82 million worth of ETH from FalconX
PANews reported on September 11 that according to OnchainLens monitoring, a newly established wallet received 18,514 ETH worth US$82 million from FalconX.
Binance Alpha to List STBL (STBL)
Binance Alpha will be the first platform to list STBL (STBL) on September 13th, according to an official announcement. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens. Detailed details will be announced separately.
According to Sina Finance, the stablecoin craze has greatly benefited Dfns, a cryptocurrency wallet technology provider, but in some ways, this benefit may be excessive. Clarisse Hagège, co-founder of the company, raised $16 million for her startup in January and is currently expanding to meet demand from clients in the stablecoin space. However, the growing popularity of these cryptocurrencies has sparked a talent war, making it difficult and costly for her company, which has only 42 employees, to fill its 17 open positions. "Everyone is paying a huge price right now," she said. Owen Dearn, founder of the fintech recruitment firm Find, said, "There's a massive talent 'gold rush' going on in this space right now." He estimates that approximately 80% of the positions his company has placed in the past few months have been related to stablecoins. Dearn revealed that in the US, the base annual salary for a head of stablecoin strategy at a large traditional financial institution is typically between $250,000 and $400,000. In the UK, the same position is expected to earn an annual salary of £150,000 to £220,000 (approximately $203,000 to $298,000). In the US, senior compliance positions in the stablecoin sector can earn up to $350,000 annually.
Binance to List Pump.fun (PUMP)
According to an official announcement, Binance will list Pump.fun (PUMP) on September 11, 2025, at 12:30 PM (UTC), and will open trading for the following spot trading pairs: PUMP/USDT and PUMP/TRY. The seed tag will be applied to PUMP.
An address containing 300 BTC was activated after 13.1 years of dormancy
According to Whale Alert monitoring, an address that has been dormant for 13.1 years has just been activated, containing 300 BTC (currently worth US$34.18 million and US$3,564 in 2012).
An address containing 444 BTC was activated after 13 years of dormancy
According to Whale Alert monitoring, an address that has been dormant for 13 years has just been activated, containing 444 BTC (worth US$50.683 million).
Binance has listed HoloworldAI (HOLO)
Binance has announced the listing of Holoworld AI (HOLO), and will be giving away $7 million in HOLO tokens to eligible users. The promotion runs from 7:00 PM on September 11, 2025, to 7:00 PM on September 25, 2025 (GMT+8).
According to an official announcement, the board of directors of social e-commerce platform MOGU Inc. has approved the strategic allocation of up to US$20 million in company assets to digital currencies, primarily Bitcoin, Ethereum, and Solana, as well as their related securities and investment products. The board believes that by integrating digital assets into core holdings, the company will not only diversify its treasury holdings but also enhance the operational capabilities required for next-generation AI products and services. As part of its strategic roadmap, the company is building a blockchain-enabled ecosystem. Within AI products, digital assets will become the primary method for user access and interaction. Users can use purchased digital assets to access AI applications, services, and advanced features, and earn or spend digital assets within the platform. This on-chain transaction framework directly utilizes the company's holdings of digital currencies such as Bitcoin, Ethereum, and Solana, enabling the company to experiment, adopt, and expand new product incentive and utility models.
The Hyper Foundation announced that over the past week, the community has been discussing proposals for Hyperliquid's native stablecoin, USDH. Voting will begin at 6:00 PM (UTC) on September 14th, and stakers must have staked to a validator that matches their voting preferences by then. Switching validators requires a two-step process: 1) unstaking from the original validator; 2) staking to a new validator whose voting preferences align. After staking to a new validator, there is a one-day cooldown period before unstaking from that validator. Important: Do not transfer HYPE from your staked balance to your spot balance; this will remove HYPE from your staked balance and prevent you from participating in the vote. Voting will be conducted entirely on-chain through transactions on the Hyperliquid blockchain, with votes calculated based on staked shares. Once a quorum (2/3) is reached, designated addresses will be able to bid for shares in the spot deployment gas auction. It should be noted that the Foundation’s validators will actually exercise their right to abstain from voting based on the non-Foundation team with the most votes among the validator commitments on September 11 (weighted by the stake amount on September 14).
Upbit to launch PUMP in Korean Won and USDT markets
According to an official announcement, South Korean cryptocurrency exchange Upbit will launch PUMP in the Korean won and USDT markets.
Binance Alpha will launch PINGPONG at 20:00 today, with an airdrop threshold of 200 Alpha points.
According to an official announcement, Binance Alpha will be the first platform to list PINGPONG (PINGPONG). Trading on Alpha will begin at 20:00 (UTC+8) on September 11, 2025. After trading begins, users holding at least 200 Binance Alpha Points will be eligible to claim an airdrop of 600 PINGPONG tokens. This will be on a first-come, first-served basis. The minimum score will automatically decrease by 15 points every hour until the event ends. Please note that claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will forfeit the airdrop.
Forward Industries Completes $1.65 Billion Private Placement to Advance Solana’s Financial Strategy
According to Businesswire, Forward Industries, Inc. (NASDAQ: FORD) announced the successful completion of its previously announced private investment in equity (PIPE) financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. The PIPE financing generated approximately $1.65 billion in gross proceeds for the company. The company plans to use the net proceeds from this offering primarily to purchase Solana, the native digital asset of the Solana blockchain, for working capital and funding any future transactions, to establish the company's cryptocurrency funding operations, and to pay transaction fees. In addition to Galaxy, Jump Crypto, and Multicoin's combined subscription of over $300 million, the PIPE also received support and participation from several global investment firms and leaders in the digital asset ecosystem.
Bithumb to List Pump.fun (PUMP) on the Korean Won Market
South Korean crypto exchange Bithumb will list Pump.fun (PUMP) on the Korean won market, according to an official announcement.
SSV Labs CEO: Validator slashing incident did not harm the protocol
According to The Block, multiple Ethereum validators on the SSV network experienced slashing events on Wednesday, including validators operated by Ankr and a cluster of seven operators migrating from an Allnodes network, raising concerns about the security of the SSV protocol. SSV Labs CEO Alon Muroch stated on the X platform that the "SSV protocol has not been compromised" and that no corrective action is required from operators or stakers. Subsequent analysis revealed that the monitoring system first issued an alert at 11:51 UTC, followed by a larger slashing event approximately 90 minutes later, affecting 39 validators. An investigation revealed that both incidents originated externally from the SSV protocol and were related to validator key management; no double-signing or other issues on the SSV side were identified. Muroch stated that the larger incident was caused by an improper configuration in Ankr's operations and maintenance, which resulted in the simultaneous activation of validator keys. Ankr has shut down the affected operators and is investigating the cause. The smaller incident is still under review, and the secondary validator setup may have played a role. SSV Labs emphasized the importance of strict key management and stated that the SSV protocol and infrastructure remain intact.
OpenEden and BitGo Join Competition to Launch Hyperliquid’s Native Stablecoin USDH
According to Cointelegraph, OpenEden and BitGo have joined the competition to launch Hyperliquid's native stablecoin, USDH, bringing the total number of competitors to eight. OpenEden has pledged to distribute all USDH reserve revenue to Hyperliquid, including through a buyback program. It will also use USDH minting and redemption revenue to repurchase HYPE tokens for distribution to Hyperliquid validators. The company has also allocated 3% of its native EDEN token supply as additional incentives, with the possibility of further increases in the future. USDH reserves are held in a tokenized US Treasury bond fund custodied by Bank of New York Mellon. The company has partnered with Bank of New York Mellon, Chainlink, AEON Pay, and Monarq Asset Management to promote USDH adoption. Meanwhile, BitGo stated that it will mint and redeem USDH using liquid assets backed by US dollars, bank deposits, and short-term Treasury bills. It will use Chainlink's cross-chain interoperability protocol to maintain interoperability between chains. Revenue from the underlying assets will be used to purchase and stake HYPE tokens, while the company will receive a 0.3% fee on the total reserve. BitGo highlights its regulatory compliance as its main advantage.
Scroll: No new proposals will be processed until the new governance model is launched
Ethereum Layer 2 network Scroll released an update on the X platform, saying: "While all approved proposals will move forward as planned, we will no longer process new proposals until the updated governance model is launched. As stated in our DAO charter, we welcome experimentation and governance development and see this as an opportunity for responsible evolution. This prudent move allows us to design a more efficient, effective and consistent process. In other words: 1. All approved proposals will move forward as planned. 2. The existing governance mechanism remains unchanged while the working group designs the new model. 3. We are focused on achieving consistency, efficiency and sustainability. 4. We will no longer process new proposals until the updated model is launched." Earlier today, news broke that ScrollDAO governance was "suspended" and the leadership team resigned collectively.
Upbit will list HOLOWorldAI (HOLO)
South Korean crypto exchange Upbit will list HOLOWorldAI (HOLO) in the KRW, BTC, and USDT markets, according to an official announcement.
Virtuals Protocol swapped 2880 ETH for 110.16 cbBTC 5 hours ago
According to on-chain analyst @ai_9684xtpa, Virtuals Protocol swapped 2,880 ETH for 110.16 cbBTC five hours ago, totaling $12.67 million. They previously swapped 73.399 cbBTC for ETH on June 11th of this year, when the ETH price was nearly $2,778. This represents a three-month return of 58.3%, outperforming BTC (which returned 42.3% over the same period) and generating a $4.67 million profit from holding the tokens.
Standard Chartered-Backed Crypto Custody Firm Zodia Custody Ends Japan Joint Venture with SBI
According to Bloomberg, Zodia Custody, a digital asset storage company backed by Standard Chartered Bank, has reconsidered and dissolved its joint venture in Japan with SBI Holdings Inc., two years after its launch. Zodia Custody CEO Julian Sawyer stated, "This was a strategic consensus between SBI and us, and a mutual decision. We each have other priorities, and they have other priorities." Sawyer explained that SBI Zodia Custody, which is 51% owned by Tokyo Financial Corporation and 49% by Zodia Custody, had been in discussions with the Japanese Financial Services Agency regarding a local registration application but had not yet moved forward. Prior to the decision to terminate operations, the company had been "working on and preparing for the application," and that Zodia Custody had "limited resources available globally." Kosuke Kitamura, a spokesperson for SBI Holdings, stated, "This dissolution does not represent a retreat from our custody business or our Asia strategy. It is a proactive decision aimed at accelerating the realization of synergies within our digital ecosystem."
