Today's news tips:
Coinbase: As of September 10, DATs hold over 1 million BTC, 4.9 million ETH, and 8.9 million Solana
Tether Treasury mints 1 billion new USDT on Ethereum
Forward Industries Completes $1.65 Billion Private Placement to Advance Solana’s Financial Strategy
Galaxy Digital once again purchased over 700,000 SOL tokens, worth approximately $160 million
DTCC Lists Three Crypto ETFs, Including Solana, HBAR, and XRP
BlackRock is exploring the tokenization of traditional assets such as ETFs through blockchain
Macro
New malware, ModStealer, can bypass antivirus software and steal crypto wallets
According to Decrypt, security firm Mosyle has revealed the cross-platform malware ModStealer, which can bypass detection by mainstream antivirus software by disguising itself as a background helper program and specifically stealing browser encrypted wallet data on Windows, Linux, and macOS systems. The malware is spread through disguised recruitment ads, targeting developers who have installed a Node.js environment. ModStealer can automatically run and collect wallet extensions, system credentials, and digital certificates, then upload the data to a remote C2 server. Security experts warn that this malware poses a direct threat to crypto users and platforms, potentially leading to the leakage of private keys, mnemonics, and API keys, and triggering large-scale on-chain attacks.
Christie's closes digital art department, NFT business comes to an end
According to CoinDesk, Christie's has closed its digital art department and terminated its pilot program for selling NFT artworks. Two employees, including Nicole Sales Giles, have resigned, leaving only specialist Sebastian Sanchez in New York. Data shows that NFT market transaction volume fell 45% quarter-over-quarter to $867 million last quarter, with the floor prices of major NFT projects falling sharply, while Ethereum saw a 76% increase over the same period.
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.
Project News
Hold at least 200 Binance Alpha Points to claim an 800 ARAI token AA airdrop
Binance Alpha announced it will be the first platform to list ARAI (AA). Trading of the AA token will officially open on September 12, 2025, at 6:00 PM (UTC). During the promotional period, users holding at least 200 Binance Alpha Points will be eligible to claim an airdrop of 800 AA tokens on a first-come, first-served basis.
Binance Futures Launches XPINUSDT Perpetual Contract
Binance Futures announced the launch of the USDⓈ-M XPINUSDT perpetual contract on September 12, 2025. The contract will support up to 50x leverage and will be based on the XPIN Network (XPIN). The contract will have a four-hour funding rate and support a multi-asset model, with margin options including BTC. The XPIN Network is positioned as an AI-driven decentralized communications infrastructure.
Binance: Hold at least 200 Alpha Points to claim 4,000 UB tokens airdrop
According to Binance's Chinese website, after trading of Unibase (UB) begins on Binance Alpha, users holding at least 200 Binance Alpha Points will be eligible to claim an airdrop of 4,000 UB tokens. This airdrop is available on a first-come, first-served basis. The minimum score will automatically decrease by 15 points every hour until the event ends. Claiming the airdrop will cost 15 Binance Alpha Points.
Important data
An ETH whale transferred approximately $117 million worth of ETH to Binance 50 minutes ago.
According to data monitored on EmbersChain, a major ETH staking whale transferred 25,755 ETH (approximately $117 million) redeemed from staking to Binance 50 minutes ago. This whale previously transferred $173 million worth of USDT to Binance between August 2023 and April 2024, purchasing 32,164 ETH at $2,649 per ETH for PoS staking. Seventeen days ago, he redeemed 25,755 of these ETH and transferred the funds to an exchange today. This transaction reportedly generated approximately $60.5 million in profits for him.
Coinbase: As of September 10, DATs hold over 1 million BTC, 4.9 million ETH, and 8.9 million Solana
Coinbase's global head of research and a research assistant published a report predicting that the crypto market will continue to strengthen through the beginning of the fourth quarter of 2025, primarily due to ample liquidity, a favorable macroeconomic environment, and supportive regulatory developments. The report notes that although Bitcoin experienced six consecutive September declines between 2017 and 2022, this "September effect" was disproven in 2023 and 2024. The report argues that the crypto market will continue to be supported by treasury demand for digital assets. The market is currently in the "player versus player" phase of the DAT cycle, with a clear trend of capital flowing into large crypto assets, while smaller DAT participants may face a period of consolidation. As of September 10th, DATs held over 1 million Bitcoin (approximately $110 billion), 4.9 million Ethereum (approximately $21.3 billion), and 8.9 million Solana (approximately $1.8 billion).
Tether Treasury just minted 1 billion new USDT on Ethereum
According to Whale Alert, Tether Treasury has just minted 1,000,000,000 new USDT on the Ethereum blockchain, worth approximately US$999 million.
According to SoSoValue data, Ethereum spot ETFs saw a net inflow of $113 million on September 11th (EST), marking the third consecutive day of net inflows. Fidelity's FETH saw a net inflow of $88.344 million, bringing its total net inflow to $2.69 billion. Bitwise's ETHW saw a net inflow of $19.6486 million, bringing its total net inflow to $414 million. BlackRock's ETHA saw a net outflow of $17.3943 million, bringing its total net inflow to $12.721 billion. As of now, the total net asset value of Ethereum spot ETFs is $28.507 billion, representing 5.35% of Ethereum's total market capitalization, with cumulative net inflows of $12.958 billion.
According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $553 million on September 11th (EST), marking the fourth consecutive day of net inflows. BlackRock's IBIT saw a net inflow of $366 million, bringing its total net inflow to $59.513 billion. Fidelity's FBTC saw a net inflow of $135 million, bringing its total net inflow to $12.312 billion. As of now, the total net asset value of Bitcoin spot ETFs is $149.643 billion, representing 6.57% of Bitcoin's total market capitalization, with cumulative net inflows of $56.188 billion.
Radiant Capital hackers transferred 5,933 ETH via Tornado Cash
According to Ember, the Radiant Capital hacker transferred 5,933 ETH (approximately $26.7 million) via Tornado Cash in the past hour. The hacker profited an additional $5.1 million in August through three buy-low-sell-high schemes. Last year, they stole $53 million in assets and exchanged them for ETH at $2,420. The assets have now increased in value to $104 million.
PANews has discovered a top-performing "wealth code" combination through a multi-dimensional data analysis of 335 Binance Alpha tokens. Tokens that simultaneously meet the four criteria of "listed on futures contracts, not listed on spot trading, issued on the BSC chain, and not airdropped" (26 in total) have seen an average increase of 620% since launch, with an average maximum increase of 764%, significantly outperforming all other categories. In contrast, tokens participating in airdrops saw an average increase of only 29%. The research suggests that futures trading and BSC chain issuance are key drivers of Binance Alpha token performance, while spot trading and airdrops may have actually suppressed gains.
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.
Financing/Acquisition
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.
Institutional holdings
According to GlobeNewswire, Next Technology Holding Inc. (NASDAQ: NXTT) announced a 200-for-1 reverse stock split on September 16th, reducing the company's outstanding shares from approximately 566 million to approximately 2.83 million. The shares will trade on Nasdaq under the new CUSIP number 961884301 at an adjusted price, with no fractional shares issued. The company's authorized share capital and par value remain unchanged, and shareholders do not need to take any action; the changes will be automatically reflected in their accounts. Last month, Next Technology Holding Inc. released its quarterly report, showing net revenue of $312 million in the first half of 2025, a year-on-year increase of 2,373%, primarily driven by fair value gains on digital assets. The company's Bitcoin holdings increased from 833 at the end of last year to 5,833, with 5,000 Bitcoins acquired during the period through share issuance and cash payments. As of June 30th, the company held approximately $633 million in cash and digital assets.
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.
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.
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.
