Hyperliquid Community Proposes 45% Cut in Total HYPE Supply
Jon Charbonneau, co-founder of DBA (a large position), and Hasu, head of strategy at Flashbots, proposed revoking the Future Community Rewards (FECR) authorization to issue unissued HYPE, destroying all HYPE held and subsequently acquired by the Assistance Fund (AF), and removing the maximum supply cap of HYPE at 1 billion. This proposal would immediately reduce the total HYPE supply by over 45% and optimize the protocol's financial structure without impacting the rights of existing holders or the protocol's ability to fund its operations.
UXLINK officially announced that, through collaboration with several major exchanges, it has successfully frozen the majority of the stolen assets and is continuing to cooperate with the exchanges and security firm PeckShield in their investigation. Officials stated that no user wallets have been affected at this time, and that a clear account compensation and recovery plan will be developed in the future.
StablecoinX, a suspected ENA treasury company, hoarded over 73 million ENA in a week.
According to Ember, an address suspected to be the ENA Treasury (StablecoinX) has been withdrawing and hoarding 73.56 million ENA from exchanges since the 16th, worth approximately $43.88 million. Funds from this address have been transferred to and from Maven 11 and Dragonfly, both of which are investors in the ENA Treasury.
According to Onchain Lens, Machi (singer Huang Licheng) has incurred over $20 million in floating losses on his long positions in ETH (15x leverage), HYPE, and PUMP (5x leverage) during the market downturn. To avoid forced liquidation, Machi has partially closed these positions at a loss.
Spot gold reached $3,750, setting a new all-time high
Spot gold reached $3,750 per ounce, setting a new record high.
Rainbow proposes to acquire Clanker Protocol and announces token distribution plan
The Rainbow Foundation proposed acquiring the Clanker protocol and announced a token distribution plan: SCLANKER holders will receive 4% of the total supply of Rainbow's new token, SRNBW (approximately 20% of the circulating supply of TGE); all Clanker treasury assets will be airdropped to SCLANKER holders; and LP fees generated by the Clanker protocol will be permanently distributed to SCLANKER holders. Rainbow pledged to integrate Clanker into its product ecosystem and provide SRNBW rewards for related transactions. Clanker responded that it had informed Rainbow last week that it would not accept the acquisition, citing a disagreement between the two parties.
Solana Vault Forward Industries to On-Chain Equity via Superstate Platform
According to The Block, Forward Industries, Solana's largest digital asset vault, announced that it will tokenize its FORD shares on-chain through Superstate's Opening Bell platform. Forward, backed by Galaxy Digital, Jump Crypto, and Multicoin Capital, previously raised $1.65 billion in a private placement in September. Forward will partner with Solana ecosystem lending protocols Drift, Kamino, and Jupiter Lend, with FORD tokens becoming a new collateral option. Forward also plans to take an equity stake in Superstate to drive product development for both parties.
Rainbow plans to launch RNBW token for non-custodial crypto wallets in Q4
According to The Block, the non-custodial wallet Rainbow announced plans to launch its native RNBW token on its EVM-compatible wallet by the end of the year. Officials stated that this move is part of the "Phase 3" roadmap, and that user points accumulated previously will be used for subsequent incentives. Rainbow also recently upgraded its real-time price, balance updates, and price charting features, and introduced contract trading powered by Hyperliquid. MetaMask and Coinbase have also previously announced plans to issue native tokens.
CleanSpark Secures $100 Million in Bitcoin-Collateralized Credit from Coinbase Prime
According to CoinDesk, Bitcoin mining company CleanSpark announced it has secured a $100 million Bitcoin-collateralized credit line from Coinbase Prime. CleanSpark stated it will use the line to expand its energy assets, expand its Bitcoin mining operations, and invest in its high-performance computing (HPC) business. The company claims this move avoids the need to sell Bitcoin or issue additional shares, enabling non-dilutive financing and increasing shareholder value.
Coinbase Adds Centrifuge and TROLL to Listing Roadmap
According to Coinbase Markets, Coinbase today added Centrifuge (CFG) and TROLL (TROLL) to its asset listing roadmap.
UXLINK: Multi-Sig Wallet Suffers Security Breach, Funds Illegally Transferred
Web3 social platform UXLINK officially disclosed a security vulnerability in its multi-sig wallet, resulting in the illegal transfer of a large amount of cryptocurrency to centralized and decentralized exchanges. The team has collaborated with internal and external security experts to investigate the cause and has urgently contacted major exchanges to freeze the suspected funds. The case has also been reported to the police and relevant authorities, and further updates will be provided. Early this morning, security agency Cyvers Alerts revealed that a UXLINK-related ETH address removed administrator permissions via delegateCall and called "addOwnerWithThreshold" to transfer approximately $4 million USDT, $500,000 USDC, 3.7 WBTC, and 25 ETH. All USDC/USDT was converted to DAI on the Ethereum network, while USDT on Arbitrum was converted to ETH and transferred across the Ethereum chain. Another address received approximately 10 million UXLINK (approximately $3 million), partially redeemed, leaving approximately $2.2 million unredeemed.
At the close of U.S. stocks on Monday, the Dow Jones Industrial Average initially closed up 0.14%, the S&P 500 rose 0.44%, and the Nasdaq rose 0.7%, all reaching new closing highs. Tesla (TSLA.O) rose nearly 2%, Apple (AAPL.O) rose over 4%, and Nvidia (NVDA.O) rose nearly 4%, with a market capitalization of $4.46 trillion.
Nvidia plans to invest $100 billion in OpenAI, with an initial investment of $10 billion
According to Bloomberg, Nvidia will invest up to $100 billion in OpenAI to support next-generation AI data centers and related infrastructure. The two parties have signed a letter of intent, with an initial investment of $10 billion, followed by phased investments calculated based on the amount of capacity deployed. The project plans to build data centers with at least 10 gigawatts of computing power, using advanced Nvidia chips. Nvidia will also acquire a stake in OpenAI.
Base Chain receives Vitalik's endorsement, emphasizing L2 security and non-custodial properties
jesse.base.eth echoed paulgrewal.eth's point, elaborating that the Sequencer of Layer 2 blockchains like Base is solely responsible for collecting and sorting user transactions and submitting the results in batches to the Ethereum mainnet for settlement. Sequencers do not have the ability to match buys and sells or trades; the relevant logic is implemented by smart contracts. The team stated that Base has achieved the first phase of decentralization and is working on further distributed blockchain construction. Vitalik Buterin stated that as an Ethereum Layer 2, Base leverages its centralized nature to enhance the user experience while relying on Ethereum's decentralized foundation for security. Base does not hold user funds and cannot steal or block withdrawals. Its security mechanisms have been verified by the L2beat platform. Vitalik added that users can automatically withdraw funds when L2 is shut down, and that the operator cannot unilaterally censor or steal assets.
21Shares Spot Dogecoin ETF Launches on DTCC, TDOG
According to Watcher.Guru, 21Shares' spot Dogecoin ETF has been launched on the Depository Trust & Clearing Corporation (DTCC) with the stock code TDOG.
The Worldcoin team wallet transferred 110 million WLD from the Ethereum mainnet half an hour ago
According to on-chain analyst Ember’s monitoring, the Worldcoin team wallet transferred 110 million WLD (US$144 million) from the Ethereum mainnet half an hour ago: 85 million WLD (US$111 million) were transferred across the chain to World Chain, and 25 million WLD (US$32.75 million) were transferred to Kraken.
According to official news, the LayerZero Foundation has repurchased 50 million ZRO tokens from early investors, accounting for 5% of the token supply. In addition to the investment from a16z Crypto in April, this marks that LayerZero has repurchased over $150 million worth of ZRO tokens this year.
Tether Treasury mints 1 billion new USDT on Ethereum
According to Whale Alert monitoring, at 23:44 Beijing time, Tether Treasury minted an additional 1 billion USDT on the Ethereum network.
Sky: Delayed upgrade fines for manufacturers upgrading to SKY now in effect
Sky (formerly MakerDAO) announced on the X platform that a penalty for delayed upgrades has taken effect. Effective immediately, all MKR to SKY upgrades will be subject to a 1% penalty fee. According to Sky Atlas, this penalty fee will increase by 1 percentage point every three months.
Coinbase: Mag7+Crypto Stock Index Futures Now Live
Coinbase announced the launch of Mag7+ Crypto Stock Index Futures on its X platform. These index futures are offered by Coinbase Derivatives and are available to both retail and institutional traders through approved Forex Merchant Management (FCM) partners.
Portal to Bitcoin announces mainnet launch date as October 13th
Bitcoin-first protocol Portal to Bitcoin announced on the X platform that its mainnet launch date is October 13, 2025. Earlier in August, news broke that Portal to Bitcoin had secured $50 million in new funding led by Paloma Investments, bringing the project's total funding to $92 million.
UK and US establish task force to explore cooperation on digital asset regulation
According to the Financial Times, the UK and the US have established a "Transatlantic Future Markets Taskforce" to explore collaboration on capital markets and digital asset regulation to promote the development of the UK's financial services industry. UK Chancellor of the Exchequer Rachel Reeves and US Treasury Secretary Scott Bessent agreed to establish the official taskforce following talks ahead of US President Trump's state visit to the UK. The taskforce's announcement on Monday did not detail the capital markets and digital asset areas it will focus on, nor the potential forms of collaboration. The UK Treasury stated that the Transatlantic Future Markets Taskforce will explore options for short- and medium-term collaboration on digital assets while the legislative and regulatory frameworks are gradually refined. The Treasury also stated that the taskforce will focus on "reducing the burden of cross-border financing for UK and US companies." The taskforce will be co-chaired by UK and US Treasury officials and will submit its recommendations within 180 days. Members will include regulators on both sides of the Atlantic responsible for capital markets and digital asset regulation.
According to Yicai Global, cross-border online brokerages Futu Securities and Tiger Brokers have further closed account opening channels for mainland Chinese residents. In accordance with the latest regulatory requirements, Futu Securities' account opening requirements have changed. Mainland Chinese customers are now required to hold proof of overseas permanent residency. Futu Niu Niu customer service emphasized that the company is currently undergoing a system upgrade and currently only supports account opening for customers with Hong Kong or Macao ID cards. Once the system upgrade is complete, customers will be able to open accounts using a combination of a mainland ID card and an overseas permanent residency ID card. Tiger Brokers customer service also stated that in response to the latest regulatory requirements, the company has adjusted its account opening policy for mainland Chinese residents. Effective last week, it will no longer accept applications from mainland Chinese residents who provide documentation related to overseas work or life, and will only accept applications from customers with non-mainland Chinese ID cards. However, when reporters called Futu Securities and Tiger Brokers' customer service numbers on the evening of the 22nd, the automated voice prompts stated that the account opening requirements for mainland Chinese residents remained unchanged and had not yet been changed.
Fed's Bostic "hawkish": not yet support further rate cuts
According to Nick Timiraos, a "Federal Reserve mouthpiece," Atlanta Fed President Raphael Bostic stated that while economic risks have shifted in recent months toward greater concerns about employment, inflation concerns are preventing him from currently supporting another rate cut in October. Bostic stated in the interview that at last week's Fed meeting, he had only planned one rate cut for the entire year of 2025. Since officials already implemented the rate cut last week, Bostic currently believes no further rate cuts are necessary at the remaining two meetings this year (in October and December). He stated that these rate cuts were "drafted in very light handwriting"—underscoring his lack of confidence in the correct direction of the interest rate path, but he remains more concerned about inflation persistently above the Fed's 2% target.
According to PR Newswire, Stable, the USDT-powered Layer 1 blockchain network, announced that users will be able to use PYUSD, a PayPal-issued stablecoin, for commercial and financial transactions on the Stable chain. PayPal Ventures, PayPal's global venture capital arm, also participated in Stable's latest funding round. Stable will integrate PYUSD into the Stable chain, leveraging LayerZero's recent integration to programmatically enable interoperability between blockchains. Stable will also explore providing cross-chain compatibility and deposit and withdrawal capabilities for PYUSD, unlocking new use cases for the stablecoin across diverse blockchain ecosystems. Stable and PayPal have also agreed to explore potential new product development around payments and stablecoin utility in the coming months.
Plasma will launch a new banking service, Plasma One, after the mainnet beta launch this month.
According to Decrypt, Plasma plans to launch its new banking service, Plasma One, sometime after the launch of its stablecoin blockchain's mainnet later this month. The card boasts 4% cashback on purchases, over 10% interest on balances, and support for international payments. Plasma One users can top up their card with the stablecoin of their choice (starting with USDT and expanding gradually), then make payments directly from their balance using a physical or virtual card. The prepaid credit card will use the Plasma blockchain as a payment rail and will be issued by Rain, the company behind products such as the Avalanche Card. Last week, the stablecoin blockchain officially announced that it would enter "mainnet testing" on September 25th. Plasma will then roll out its new banking service in phases. Users can now sign up for a waiting list on the Plasma website.
According to Lookonchain monitoring, Abraxas Capital withdrew another 1,060 BTC from Binance in the past 6 hours, worth approximately $120 million.
Globenewswire reported that Strive, Inc. has signed a definitive agreement to acquire Semler Scientific in an all-stock transaction. Strive also announced the purchase of 5,816 bitcoins at an average price of $116,047 per bitcoin for inclusion in its portfolio, for a total purchase price (including fees) of $675 million, bringing Strive's total bitcoin holdings to 5,886. The combined company announced plans to explore the monetization or distribution of Semler Scientific's historically profitable diagnostics business under a new management team with a broader mandate in preventive diagnostics. In addition to potential additional bitcoin raised from future financings, the combined company will own over 10,900 bitcoins before any additional financing and maintain sufficient cash reserves to support future issuances of perpetual preferred stock. Following the transaction, Strive's management and board of directors will remain unchanged, with Eric Semler, Executive Chairman of Semler Scientific, expected to join the combined company's board of directors. The transaction has been unanimously approved by the boards of directors of both Strive and Semler Scientific. Completion is subject to customary closing conditions.
Strategy increased its holdings by 850 BTC for a total of $99.7 million
Strategy (formerly MicroStrategy) disclosed that it has increased its holdings of 850 BTC at a price of approximately $99.7 million, or approximately $117,344 per Bitcoin, and has achieved a 26.0% return on BTC so far in 2025. As of September 21, 2025, the company held 639,835 BTC at a price of approximately $73,971 per Bitcoin, or approximately $47.33 billion.
According to Fortune, Louis Amira, former head of crypto and AI partnerships at Stripe, and David Noël-Romas, former head of crypto engineering at Stripe, have secured $19.2 million in funding for their new startup, Circuit & Chisel, to develop the AI agent payment protocol, ATXP. In addition to its Stripe background (and financial backing), Circuit & Chisel has also received investment from Primary Venture Partners, ParaFi, and Coinbase Ventures. Designed as the "HTTP for AI agent payments," ATXP aims to address the current lack of a standardized communication protocol between AI agents. Amira stated that if ATXP is successful, it could enable microtransactions. In this scenario, intelligent agents could autonomously access information and pay small fees, such as scraping information from private LinkedIn profiles or accessing paid Fortune articles. These platforms would then be able to collect small fees.
Publicly listed company Helius has begun purchasing SOL tokens and now holds over 760,000 SOL
According to Globenewswire, Helius Medical Technologies, Inc. (NASDAQ:HSDT) announced its first purchase of Solana (SOL) tokens as part of its digital asset treasury strategy. The company currently holds over 760,190 SOL tokens at an average cost basis of $231. Additionally, the company holds over $335 million in cash, which it plans to use to further its digital asset treasury strategy. Previously, Helius, in partnership with Pantera Capital and others, raised over $500 million in funding to launch a SOL treasury company.
According to Stocktitan, AgriFORCE Growing Systems (NASDAQ: AGRI) announced its transition to AVAX Treasury Strategy, becoming the first Nasdaq-listed company focused solely on Avalanche blockchain technology. The company unveiled a $550 million fundraising strategy with the goal of accumulating over $700 million in AVAX tokens. This strategy includes a $300 million PIPE (Private Equity Investment) and plans to raise an additional $250 million through equity-linked instruments. The strategic advisory board includes industry leaders such as Anthony Scaramucci of SkyBridge Capital and Brett Tejpaul of Coinbase Institutional. The initiative has received support from over 50 institutional and crypto-native investors, including ParaFi, Galaxy Digital, and Digital Currency Group.
Coinbase credit card partner Cardless completes $60 million in financing, led by Spark Capital
According to Bloomberg, Cardless, a startup specializing in co-branded credit cards, has secured $60 million in funding led by Spark Capital, with participation from Activant Capital, Industry Ventures, and Pear VC. The new capital will be used to expand functionality and develop projects with prominent brand clients, with some funding allocated to partnerships with Coinbase Global Inc. and Bilt Rewards. Notably, Cardless and Coinbase have a strategic partnership, with Coinbase being its first partner. In June of this year, Cardless launched its embedded credit card platform, which Coinbase leveraged to develop and issue the "Coinbase One Card."
BNB Treasury Company CEA Industries has filed a registration statement for a $500 million PIPE
According to Globenewswire, CEA Industries, the US-listed BNB treasury, disclosed last Friday that it had filed an S-3 automatic registration statement for a $500 million private equity investment (PIPE) of common stock and a warrant transaction worth up to $750 million. CEO David Namdar stated, "We are purchasing BNB daily and have a significant amount of unspent capital to continue building our reserve."
According to Globenewswire, energy management solutions giant ZOOZ Power Ltd. (NASDAQ and TASE: ZOOZ) announced that shareholders voted at its special meeting of shareholders to approve all proposals related to the company's previously announced $180 million private placement ("PIPE") and Bitcoin treasury reserve strategy. Following approval, ZOOZ expects to close the PIPE during the week of September 22, 2025, subject to customary closing conditions and definitive documentation. The proceeds from the PIPE will primarily be used to initiate ZOOZ's Bitcoin treasury reserve strategy. The company intends to use approximately 95% of the net proceeds (after repayment of the outstanding promissory note) to purchase and hold Bitcoin.
Ethereum Treasury Firm BitMine to Conduct Over $365 Million in Registered Direct Offering
According to PR Newswire, BitMine, an Ethereum treasury company, announced that it has entered into a securities subscription agreement with an institutional investor for the sale of approximately 5.22 million shares at $70 per share and approximately 10.4 million warrants with an exercise price of $87.50 in a registered direct offering. The company expects to raise approximately $365.24 million in gross proceeds from the offering, before deducting placement agent fees and other estimated offering expenses. If all warrants are exercised in cash, the potential total proceeds would be approximately $913 million. Combining the proceeds from the common stock offering with the cash proceeds from the warrants, the total proceeds would be approximately $1.28 billion. The company expects the offering to close on or about September 23, 2025, subject to customary closing conditions. Previously, BitMine disclosed that it currently holds over 2% of the total ETH token supply, with total assets of $11.4 billion.
BitMine: Currently holds over 2% of the ETH token supply, with total assets of $11.4 billion
According to PR Newswire, BitMine, the Ethereum treasury, announced that it now holds over 2% of the Ethereum (ETH) token supply. BitMine's cryptocurrency, cash, and "moonshots" holdings total $11.4 billion, including 2.416 million ETH, $345 million in unencumbered cash, and other cryptocurrency assets. As of 4:00 PM ET on September 21st, the company's cryptocurrency holdings included: 2,416,054 ETH, 192 Bitcoin; a $175 million stake in Eightco Holdings (NASDAQ: ORBS) (the "Moonshots investment"); and $345 million in unencumbered cash. BitMine's cryptocurrency holdings rank among the largest Ethereum treasury and the second-largest globally, behind Strategy Inc. (MSTR).
Trend Research withdraws another 17,256 ETH from Binance, worth $72 million
According to on-chain analyst Ember, Trend Research withdrew another 17,256 ETH (worth $72 million) from Binance 10 minutes ago. This means that of the 16,800 ETH they transferred to Binance that morning: 1. They didn't sell; 2. They sold and then bought back, profiting from a short-term move of 456 ETH (worth $1.9 million).
Binance Alpha to List GriffinAI (GAIN)
Binance Alpha will officially list GriffinAI (GAIN) on September 24th. Eligible users can redeem their Binance Alpha Points on the Alpha event page after trading opens. Detailed details will be announced later.
Binance Alpha and Binance Futures will list Anoma (XAN)
According to the official announcement, Binance Alpha will list and open trading for Anoma (XAN) at 6:00 PM (GMT+8) on September 23, 2025. Additionally, Binance Futures will launch XANUSDT perpetual contracts at 6:30 PM (GMT+8) on September 23, 2025, with a maximum leverage of 50x. All eligible Binance users will receive an exclusive Binance token airdrop. Eligible users can claim the airdrop using Binance Alpha Points between 6:00 PM (GMT+8) on September 23, 2025, and 6:00 PM (GMT+8) on September 24, 2025, through the Binance Alpha event page. Users can access the Binance Alpha event page through the search function in the Binance app. Click here for more information on how to claim the Alpha airdrop using Binance Alpha Points.
B HODL goes public in the UK, raising $20 million to launch Bitcoin financial strategy
According to The Block, B HODL Plc is a newly formed UK company aiming to generate income by accumulating Bitcoin and using its reserves. The company listed on London's Aquis Stock Exchange on Monday, having raised approximately £15.3 million ($20.7 million) to launch its strategy. Trading began at 8:00 AM local time on the AQSE Growth Market under the ticker symbol "HODL." The company is led by Freddie New, a former lawyer and co-founder of the advocacy organization Bitcoin Policy UK, and is backed by UK Bitcoin exchange CoinCorner, which holds a 14.3% stake in B HODL. CoinCorner CEO Danny Scott serves as B HODL's Chief Bitcoin Officer and a director. Blockstream CEO Adam Back is also listed as a major shareholder, holding over 25.5% of the company's issued shares.
The top three GIGGLE token holders have now earned $557,000, a return of 2147%.
According to on-chain analyst @ai_9684xtpa, the top three GIGGLE token holders currently hold the most profit, having earned $557,000 USD with a 15 BNB purchase, representing a 2,147% return. Sixteen hours ago (after CZ first retweeted the donation plan), they purchased 32,355 tokens at an average price of $0.7537 USD. They have since sold over half of their holdings in batches at an average price of $8.29 USD, still holding 16,500 tokens.
According to on-chain analyst Yu Jin, "a whale/institution that has already profited $76.05 million through ETH fluctuations" is still buying the dip. He bought another 10,000 ETH (worth $42.3 million) through Wintermute half an hour ago, bringing his total purchases to 20,000 ETH today after the price dip, spending 85.956 million USDC at an average purchase price of $4,298.
