Ning Moumou was punished for AI-generated fake article about a "Bitcoin female official"
According to Blue Whale News, the Internet Information Office of Yiyang County, Henan Province, recently investigated and punished a user named Ning for posting an AI-generated fake article on his official account titled "Bitcoin Female Official Jing: The Crazy Corruption Behind 327 Bitcoins." Following an investigation, the Guizhou Provincial Commission for Discipline Inspection has debunked the rumor. Ning confessed to the illegal activities, and public security authorities have imposed administrative penalties in accordance with the law. Last month, the Publicity Department of the Guizhou Provincial Commission for Discipline Inspection and Supervision dismissed the rumor that Jing Yaping had used government servers to mine 327 Bitcoins.
Aster completes compensation for XPL contract abnormality incident
Aster announced that it has completed all compensation for the XPL perpetual contract abnormal incident, and affected users have directly received USDT compensation.
Fractal Bitcoin launches Wrapped FB (WFB) on Ethereum
Fractal Bitcoin has launched Wrapped FB (WFB), an ERC-20 wrapped token on the Ethereum blockchain, aiming to bring the native value of Bitcoin to the Ethereum ecosystem. Each WFB token is reportedly backed 1:1 by FB tokens reserved on the Fractal mainnet, with the reserve publicly verifiable on-chain. An initial 2.1 million FB tokens will be locked on the Fractal mainnet and issued on Ethereum as WFB.
Trump approves TikTok deal, leaving US and ByteDance each with control of the company
According to Caixin, at 4:24 PM US time on September 25th, Trump signed an executive order in the Oval Office of the White House approving the transaction that will allow TikTok to continue operating in the United States, ensuring its survival. The order, titled "Saving TikTok While Maintaining National Security," outlines a framework agreement that will see TikTok's US operations operated by a newly established, US-based joint venture, majority-owned and controlled by Americans, who will control TikTok's US algorithms, code, and content review decisions. ByteDance and its affiliates will hold less than 20% of the joint venture, with the remainder held by specific investors. The joint venture will be governed by a board of directors and committed to protecting US user data and national security within regulatory compliance requirements.
According to Blockworks, Genie founder Scott Gray launched the social trading app Share, securing $5 million in funding from investors including Coinbase Ventures, Collaborative+Currency, and Palm Tree Crypto. Share supports the three major public blockchains: Solana, Base, and Ethereum, providing real-time insights into users' on-chain transactions and allowing users to track wallets, view market trends, and trade tokens. Each wallet automatically generates a Share profile, allowing users to link multiple wallets and Farcaster accounts. Share is poised to compete with similar products like Fomo and the social features of giants like Robinhood and Coinbase.
AlphaTON Capital completes $71 million in financing and acquires the first batch of TON
According to GlobeNewswire, AlphaTON Capital announced the completion of approximately $71 million in funding, including a $36.2 million private placement and a $35 million loan from BitGo. The company has also purchased an initial approximately $30 million worth of TON tokens, becoming one of TON's largest holders globally. The company plans to increase its TON holdings to $100 million by the fourth quarter of 2025 and will participate in TON network validation, staking, and ecosystem project investments.
Centrifuge Launches S&P 500 Index Fund SPXA on Base Network
According to CoinDesk, the RWA project Centrifuge announced the launch of SPXA, the first blockchain-based S&P 500 index fund licensed by the S&P Dow Jones Indices, on the Coinbase Base network. Managed by Janus Henderson and Centrifuge's Anemoy, the fund offers 24/7 trading and public holdings. FalconX serves as an anchor investor, while Wormhole is responsible for cross-chain expansion.
According to The Block, US SEC Chairman Paul Atkins stated at a Georgetown University conference that the SEC will investigate and enforce the law regarding conflicts of interest in the crypto industry. Atkins stated that if conflicts of interest are discovered, standards will be established and they will be investigated and dealt with accordingly. Regarding the Trump family's crypto project, World Liberty Financial (WLF), and related transactions, Atkins stated that he could not comment on specific companies or products, but emphasized that the SEC has a responsibility to act in accordance with existing regulations. Furthermore, Atkins has promoted the "Innovation Exemption" and "Project Crypto" to improve digital asset regulation.
Brazilian police crack down on cryptocurrency money laundering ring, freezing more than 30 wallets
Brazil's Federal Police recently launched Operation Lusocoin, targeting a criminal organization involved in money laundering and capital flight through cryptocurrency. The police conducted 13 searches and 11 provisional arrests, froze approximately 30 cryptocurrency wallets and 65 accounts, and seized six vehicles and six properties, resulting in over 3 billion reais in assets. The ring, primarily operating remotely from Dubai, is involved in a 50 billion reais operation involving drug trafficking, smuggling, and terrorist financing. The operation, with the assistance of platforms such as T3 FCU and Binance, has resulted in the freezing of 4.337 million USDT.
Bloomberg Analyst: Bitwise has submitted Hyperliquid ETF application to the US SEC
Bloomberg analyst James Seyffart posted on the X platform that Bitwise has submitted an application to the US SEC for a Hyperliquid ETF (exchange-traded fund).
Fed's Logan: Fed should abandon federal funds rate and use Treasury bond overnight rate instead
Dallas Fed President Logan said the Fed should abandon its use of the federal funds rate as a benchmark for conducting monetary policy and instead consider an overnight rate tied to the more robust U.S. Treasury-backed lending market. Logan believes the federal funds rate target is outdated, and the link between the rarely used interbank market and the overnight money market is fragile and could suddenly break. She said updating the Fed's mechanisms for implementing monetary policy is part of an efficient and effective central banking system. "Some might say that since everything is working now, there's no need to act," Logan said. "But if the transmission mechanism between the federal funds rate and other money markets breaks down, we will need to find an alternative target quickly, and I don't believe that making important decisions under time pressure is the best way to promote a strong economy and financial system." She said the Tripartite General Guaranteed Rate (TGCR) could offer the most benefits. Logan noted that the TGCR accounts for over $1 trillion in daily transactions, allowing changes to be effectively transmitted through money markets. Meanwhile, trading volume in the federal funds market currently averages less than $100 billion.
Trump announces tariffs on a range of furniture, heavy trucks and pharmaceutical products
US President Trump announced that a 50% tariff will be imposed on all kitchen cabinets, bathroom vanities, and related products starting October 1, 2025. A 30% tariff will be imposed on upholstered furniture. A 25% tariff will be imposed on all "heavy trucks" produced in the rest of the world starting October 1, 2025. A 100% tariff will be imposed on all branded or patented pharmaceutical products starting October 1, 2025, unless the company is building its pharmaceutical manufacturing facility in the United States.
Aster has completed the handling of XPL perpetual contract anomalies and promised compensation
Aster announced that the XPL perpetual contract trading anomaly has been fully resolved. Aster stated that users whose positions were forced to close during the affected period will have their losses directly reimbursed in USDT to their wallets, with this expected completion within hours. Aster also reminded users to submit tickets for other related issues via Discord. Previously, between 5:37 AM and 5:43 AM, due to a system vulnerability, the XPL contract price on Asterdex soared to as high as $4, significantly higher than other major trading platforms.
BlackRock registers Bitcoin premium yield ETF in Delaware
According to Aggr News, BlackRock has registered the "iShares Bitcoin Premium Income ETF" in Delaware. The entity type is a statutory trust, the registered agent is BlackRock Advisors, LLC, and the incorporation date is September 25, 2025. The ETF aims to provide investors with premium returns related to Bitcoin.
US regulators investigate unusual trading ahead of cryptocurrency strategies at several companies
According to the Wall Street Journal (WSJ), the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (Finra) have launched investigations into over 200 companies that announced this year that they were adopting cryptocurrencies as a core corporate strategy. Some companies experienced unusual stock price fluctuations before announcing their plans, prompting regulators to contact these companies and focus on examining their trading patterns and information disclosures.
According to Decrypt, Plasma confirmed that all users who participated in the pre-deposit program received $8,390 worth of XPL tokens, even if they did not actually purchase XPL through the ICO in the end. Plasma said that within three hours of the launch of its mainnet beta version, half of the ICO participants had already claimed their tokens. Plasma has allocated a total of 25 million tokens to all pre-deposit users, and these tokens will be evenly distributed to all depositors, which means that whether you deposit $1 or $10,000, the additional rewards you receive are the same. The launch of Plasma's mainnet beta version and the token TGE were launched in the same week as its stablecoin native digital bank, Plasma One. The digital bank's card will use the Plasma blockchain as a payment channel and claims to offer 4% cash back on purchases. Plasma executives said that this launch is the first step forward and there are more plans for future actions.
Ethereum co-founder Jeffrey Wilcke deposited 1,000 ETH worth $4 million into Kraken
According to Onchain Lens, Ethereum co-founder Jeffrey Wilcke deposited 1,000 ETH worth $4 million to Kraken with the intention of selling it.
Cloudflare plans to launch USD-backed stablecoin NET Dollar for AI network transactions
According to Investing, cloud services provider Cloudflare (NYSE: NET) announced plans to launch the NET Dollar. The NET Dollar is a US dollar-backed stablecoin designed to provide instant and secure transactions for AI-driven online activities. According to the company, the NET Dollar will contribute to the modernization of payment infrastructure by enabling transactions across currencies, regions, and time zones. The stablecoin is designed to enable programmatic operations, enabling AI agents to make instant payments based on predetermined conditions. The company positions the NET Dollar as part of a shift from an advertising-based revenue model to a system that rewards content creators and developers, while enabling AI companies to compensate content sources.
The largest XPL long position on Hyperliquid has now made a profit of $4.15 million
According to on-chain analyst Yu Jin, the largest XPL long position on Hyperliquid has a floating profit of $4.15 million. Yesterday, he opened a 1x long position of 17.75 million XPL (US$16.45 million) at $0.69. After the opening of the XPL market today, the price rose to $0.93, resulting in a floating profit of $4.15 million.
Canada's anti-money laundering agency fines KuCoin's parent company approximately $14.09 million
Canada's anti-money laundering agency said Thursday it has fined Peken Global Limited, the operator of the KuCoin cryptocurrency exchange, 19.6 million Canadian dollars (14.09 million U.S. dollars). The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) stated that Peken Global, based in the Seychelles, failed to register as a foreign money services business, report large virtual currency transactions of 10,000 Canadian dollars or more, or file suspicious transaction reports, as required of all financial institutions. This is the largest fine ever imposed by FINTRAC.
Pop Culture, a listed company, plans to increase its holdings by 1,000 BTC over the next year.
According to PR Newswire, Pop Culture, a US-listed company, plans to purchase an additional 1,000 BTC in the next year to support its establishment of a $100 million "Crypto Pop Fund" digital trend fund. The company disclosed last week that it had spent $33 million to buy 300 BTC.
PayPal plans to use Spark to increase PYUSD liquidity to $1 billion through DeFi lending
PayPal has partnered with decentralized finance platform Spark to boost on-chain PYUSD liquidity, aiming to expand PYUSD deposits from the current $100 million to $1 billion in the coming weeks. The integration enables users to deposit and borrow PYUSD, with liquidity backed by Spark's $8 billion stablecoin reserve. The initiative offers a model for sustainable stablecoin adoption without expensive incentives.
Hashdex Nasdaq Crypto Index US ETF Now Listed on Nasdaq
According to crypto journalist Eleanor Terrett, the Hashdex Nasdaq Crypto Index US ETF has now been listed on Nasdaq after meeting the new Common Listing Standards. In addition to BTC and ETH, the product also offers investors exposure to XRP, SOL, and XLM. This follows news that the US SEC has approved the Hashdex Nasdaq Crypto Index US ETF under its new Common Listing Standards.
According to Aastocks, Adrian Cheng, who resigned as CEO of New World Development in September last year, recently announced the establishment of a new company "SCO Development" to expand into the field of digital and virtual assets. Adrian Cheng, the executive director and co-president and CEO of Chow Tai Fook Construction, who is his younger brother, said at the press conference summarizing the performance that "SCO Development is Adrian Cheng's private investment" and clarified that the board of directors of Chow Tai Fook Construction has no plans to develop digital currency or stablecoin.
According to on-chain analyst @ai_9684xtpa, the whale/institution 0x790...41023, which invested 50 million USDC in the initial Plasma staking in June this year (two months ago, the address added another 2.7 million USDT to the staking), has obtained 54,081,783.66 XPL, which is worth approximately US$40.56 million at the current price.
HyperionDeFi (NASDAQ: HYPD) announced today that it has purchased an additional 176,422 HYPE tokens, expanding its total holdings to 1,712,195 HYPE tokens at an average purchase price of $38.25 per token.
According to Jinshi.com, initial jobless claims in the United States for the week ending September 20th were 218,000, compared to expectations of 235,000 and a revised 232,000 from 231,000. The final annualized quarterly rate of real GDP for the second quarter was 3.8%, compared to expectations of 3.30% and the previous reading of 3.30%. The final annualized quarterly rate of the core PCE price index for the second quarter was 2.6%, compared to expectations of 2.5% and the previous reading of 2.50%.
Fed Governor Milan: We can cut interest rates by 50 basis points in a short period of time
According to Jinshi, Federal Reserve Governor Milan said that if interest rates are not lowered quickly, the Fed will face the risk of damaging the economy. He believes that the Fed's current policy interest rate is between 4% and 4.25%, which is highly restrictive and much higher than his estimate of the so-called "neutral" level. Milan said, "That is why it is so important to start adjusting interest rates faster rather than slower." "When monetary policy is in a restrictive stance, the economy is more vulnerable to downward shocks. In my opinion, there is really no need to take this risk." He said: "My view is that we can cut interest rates by 50 basis points in a short period of time and then readjust monetary policy, and once we reach our target, we will act more cautiously."
Ethereum Treasury Company SharpLink to Issue Tokenized Stock SBET on Ethereum
According to official news, Ethereum treasury company SharpLink Gaming announced that it is working with Superstate to issue tokenized shares SBET directly on the Ethereum blockchain. It will realize the native tokenization of its equity on the chain through Superstate's Opening Bell platform and expand Superstate's multi-chain capital market infrastructure.
According to official news, UXLINK has released a contract migration plan, which will redeem 1 billion UXLINK tokens at a 1:1 ratio on the Ethereum mainnet. The new contract eliminates the burn mechanism; centralized exchanges (CEXs) and on-chain users can redeem tokens manually or through a web portal. A snapshot taken during the initial transfer by the hacker will determine user eligibility. The first batch of CEX redemptions is expected to be completed within 1-5 business days, depending on the CEX's response time. The timeline for additional CEX compensation depends on the recovery of the stablecoin. The on-chain redemption tool is expected to be developed and launched within 5 business days. A separate compensation plan will be provided to affected users. UXLINK is actively recovering the assets sold by the hacker through DEXs, cross-chain bridges, and CEXs. Based on the recovery progress, UXLINK will provide a compensation plan to the community (including CEX users), including but not limited to a buyback program, staking rewards/benefits, and trading incentives.
Sources: White House considering nominations for CFTC chairman Jill Sommers and Kyle Hauptman
According to crypto journalist Eleanor Terrett, sources indicate that the White House is considering nominating former CFTC Commissioner Jill Sommers and National Credit Union Administration (NCUA) Director Kyle Hauptman as candidates for the CFTC Chair position. Sommers worked for 10 years at Patomak Global Partners, the consulting firm of SEC Chairman Paul Atkins, and the two are said to be close friends. Hauptman, the 13th Chairman of the NCUA, previously served as Senior Vice President at investment bank Jefferies, responsible for U.S. Treasury and futures trading. Both are said to support cryptocurrencies. Bloomberg reported last week that the U.S. government had reopened its candidate review process, including for Mike Selig of the SEC and Tyler Williams of the Treasury Department, as Brian Quintenz's confirmation remained stalled. This week, Semafor added that Milbank attorney Josh Sterling was also among the candidates.
According to market news, Robinhood US will launch WLFI.
According to PR Newswire, Ethereum treasury company ETHZilla (NASDAQ: ETHZ) announced plans to deploy approximately $47 million in Ethereum, equivalent to approximately 10,600 ETH, to the liquidity staking reinvestment protocol Puffer. The company hopes to use this to increase the returns on its Ethereum asset reserves.
Google to acquire rights to buy 5.4% stake in crypto mining firm Cipher Mining
According to Bloomberg, Alphabet's Google will acquire the right to purchase a 5.4% stake in crypto mining company Cipher Mining Inc. as part of a multi-year data center agreement with artificial intelligence computing startup Fluidstack. Data center operator Cipher said Google has agreed to guarantee $1.4 billion in Fluidstack's debt under its contract with Cipher. Fluidstack has reached an initial 10-year agreement with Cipher to lease its computing power, which is expected to generate approximately $3 billion in revenue. This is the second such deal between Google and Fluidstack in the past two months, highlighting the booming demand for computing resources for AI services. Cipher, whose data centers are previously used for cryptocurrency mining, said it will use Google's guarantee agreement to help it borrow funds for expansion. Cipher said the contract also includes two potential five-year renewal options, which could generate an additional $4 billion in revenue. Shares of New York-based Cipher surged as much as 24% in pre-market trading before the New York Stock Exchange opened. The stock closed at $14.14 on Wednesday, having more than tripled this year.
Hong Kong Securities and Futures Commission: Beware of unlicensed trading platform called "BiyaPay"
The Hong Kong Securities and Futures Commission (SFC) today warned the public against an unlicensed trading platform called "BiyaPay." While the platform claims to offer Hong Kong and US stock trading services and has an office in Hong Kong, it has never been licensed by the SFC and has never applied for any license. Under Hong Kong law, operating securities trading without a license or promoting related services to Hong Kong investors is illegal. The SFC discovered "BiyaPay" through its social media monitoring platform and noted that the Hong Kong public can access platform information and register accounts through BiyaPay's official website and social media accounts. The SFC has placed the platform on its warning list. The SFC reminds you that since this platform is not regulated by the SFC, investor protection is very limited and may even result in total losses. Investors are advised to think twice before investing.
Scilex Holding Company (NASDAQ: SCLX), an innovative revenue-generating company, announced that it has completed its previously disclosed transaction pursuant to a Securities Purchase Agreement with an institutional investor, exchanging $200 million worth of common stock in its majority-owned subsidiary, Semnur Pharmaceuticals, Inc., for $200 million worth of Bitcoin. Scilex has now received the $200 million in Bitcoin into its crypto account.
Two whales increased their holdings of ASTER worth $62.5 million again in the past 24 hours
According to Spot On Chain, two major whales increased their holdings of ASTER by another $62.5 million over the past 24 hours. Whale 0xFB3 withdrew another 26 million ASTER (worth $59 million) from Gate, bringing their total holdings to 50 million (worth $105 million). A new major whale, 0x5bd, withdrew a further 1.56 million ASTER (worth $3.52 million) from Bybit, bringing their total holdings to 8.28 million (worth $17.4 million).
Binance: MIRA HODLer airdrop tokens account for 2% of the token's maximum total supply
Binance has announced details for the MIRA HODLer airdrop. Both the total and maximum supply of Mira (MIRA) tokens are 1 billion, with a total of 20 million MIRA tokens allocated for the HODLer airdrop (2.00% of the maximum total supply). An additional 10 million MIRA tokens will be used for marketing activities three months after listing, with detailed rules to be announced separately. The circulating supply at the time of listing on Binance will be 191,244,643 tokens (approximately 19.12% of the maximum supply). Binance previously announced that the 45th HODLer airdrop for Mira (MIRA) has been launched.
Binance HODLer Airdrop Now Available: Mira (MIRA), the 45th Project
According to an official announcement, Binance HODLer Airdrop has launched its 45th project – Mira (MIRA), a trust layer for AI. Between 08:00 AM on September 20, 2025, and 07:59 AM on September 23, 2025 (GMT+8), users who subscribe to guaranteed principal earning (fixed and/or demand) or on-chain earning products using BNB will receive the airdrop. HODLer airdrop information is expected to be available within 24 hours, and the new tokens will be distributed to users' spot wallets at least one hour before trading begins. Binance will list MIRA at 8:00 PM on September 26, 2025 (GMT+8), and will open trading pairs against USDT, USDC, BNB, FDUSD, and TRY. Seed tag trading rules apply. MIRA deposits will open at 8:00 PM on September 25, 2025 (GMT+8). *Please note that MIRA will be listed and traded during the Binance Alpha event (time to be announced separately), but will no longer be displayed on Binance Alpha after spot trading opens.
The US SEC has approved the Hashdex Nasdaq Crypto Index US ETF under its new common standard.
Nate Geraci, president of investment advisory firm NovaDius Wealth Management, posted on the X platform: "The Hashdex Nasdaq Crypto Index US ETF has been approved under the US SEC's new universal listing standards. The fund will now be able to hold crypto assets other than Bitcoin and Ethereum. It seems that XRP, SOL, and XLM may be included." Update: Hashdex officially announced that the index initially included spot Bitcoin and Ethereum, and will now provide exposure to spot Bitcoin, Ethereum, XRP, Solana, and Stellar through this single tradable product.
According to Lookonchain monitoring, a newly created wallet 1F1neJ withdrew 1,524 BTC (worth $171 million) from exchanges in the past three days.
French investment firm Melanion plans to raise €50 million to buy Bitcoin
According to PR Newswire, French investment firm Melanion Capital has announced a new strategic initiative positioning itself as a private asset manager implementing a Bitcoin Reserve Operating Model (BTOC). Melanion stated, "Unlike publicly listed companies, Melanion's private structure provides greater flexibility in managing volatility, structuring trades, and managing liquidity. The company will apply this strategy directly on its own balance sheet, demonstrating what a sustainable Bitcoin reserve looks like before providing a framework for other private companies to become BTOCs." To accelerate the implementation of this strategy, Melanion's board of directors plans to raise €50 million, all dedicated to Bitcoin allocations.
Binance has launched a Plasma deposit airdrop. Deposit $100,000 to get 11,489 XPL.
According to on-chain analyst @ai_9684xtpa, the deposit airdrop event jointly held by Binance and Plasma has now distributed rewards. A single account with a deposit of US$100,000 can obtain 11,489 XPL, which is approximately US$8,513 at the current price.
