Today's news tips:
21Shares Launches Two New Crypto ETPs: Focusing on AI Protocols and Raydium Tokens
Changpeng Zhao updates his profile on account X, possibly hinting at an imminent return to Binance
Yala announces recovery plan: Illegally minted YU tokens will be destroyed on September 23
Binance will delist ALPHAUSDT perpetual contracts on September 23
Galaxy Digital plans to launch its own tokenized money market fund: Sources
Upbit will list TOSHI tokens in the Korean Won and USDT markets
Macro
21Shares Launches Two New Crypto ETPs: Focusing on AI Protocols and Raydium Tokens
21Shares announced the launch of two new crypto exchange-traded products (ETPs): the 21Shares Artificial Superintelligence Alliance ETP (AFET) and the 21Shares Raydium ETP (ARAY). AFET is reportedly designed to track a group of decentralized AI protocols, including Fetch.ai, SingularityNET, Ocean Protocol, and CUDOS, while ARAY provides investors with exposure to the Raydium token, a decentralized exchange based on Solana. AFET is listed on Euronext Amsterdam and Paris, while ARAY is traded on the Swiss Stock Exchange SIX.
Malta’s Financial Regulator Opposes Push for Centralized EU Crypto Regulation
According to Reuters, a spokesman for Malta's financial regulator said on Tuesday that the agency opposes other countries' push to give EU securities regulators more power to regulate cryptocurrency companies. The Malta Financial Services Authority (MFSA)'s cryptocurrency license issuance process was reviewed earlier this year. The agency said it supports the European Securities and Markets Authority's work to achieve "regulatory convergence" in cryptocurrency regulation, but does not support regulatory centralization. "We believe that centralization at this stage will only add a layer of bureaucracy, which may reduce efficiency at a time when the EU is actively working to improve its competitiveness," its spokesman said in emailed comments. On Monday, France, Italy and Austria called on the Paris-based European Securities and Markets Authority (ESMA) to take over the supervision of large cryptocurrency companies, citing concerns about differences in the implementation of the EU's new cryptocurrency rules by different countries.
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.
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).
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.
Viewpoint
Economist: Japan's debt crisis risk may drive up demand for cryptocurrencies
According to economist Robin Brooks, Japan is facing a potential debt crisis, with its debt-to-GDP ratio reaching approximately 240%, and further exacerbated by inflation and rising government bond yields. However, the US recession may provide a brief window of relief for Japan, lowering global bond yields and easing fiscal pressure. Brooks pointed out that Japan is currently caught in a dilemma: if it maintains low interest rates, it may lead to further depreciation of the yen and trigger runaway inflation; if it allows yields to rise further to stabilize the yen, it may jeopardize debt sustainability. This dilemma may prompt investors to turn to alternative financial instruments such as cryptocurrencies and stablecoins.
B Strategy, the BNB treasury, released a video on the X platform featuring a conversation between its founder, Leon Lu, and Changpeng Zhao. In the video, Zhao explained that BNB is a utility token and the native currency of multiple blockchains. BNB is also one of the few tokens with numerous use cases on CEXs, including trading discounts, yield generation, Launchpad, Launchpool, and Alpha. It is also used for payments in some countries. Regarding the BNB Digital Asset Treasury (DAT), Zhao stated that he has contacted approximately 50 potential DAT teams, but that he cannot support all BNB DAT companies and will only support a small number of strong ones.
According to Gold10, Hong Kong Chief Executive John Lee stated that he will promote Hong Kong as an international gold trading market, expand gold storage, and build a regional gold reserve hub with the goal of exceeding 2,000 tons within three years. He also stated that he will enrich gold investment tools and assist issuers in issuing gold funds and tokenized gold investment products.
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%.
According to analysis by crypto market maker Wintermute, with the Federal Reserve likely to announce a 25 basis point interest rate cut tomorrow, Bitcoin traders are looking to the six previous similar rate cuts since 2019 to predict market reactions. Historical data shows that unexpected dovish shifts often trigger significant Bitcoin volatility in fragile markets. However, compared to past expectations, this rate cut has been gradually priced in by the market, and the current macroeconomic environment is robust. Bitcoin has recently performed steadily, rising only 2.6% in 14 days, with no signs of frenzy in market sentiment. Analysts suggest that this rate cut is likely to lead to a moderate, liquidity-driven rally rather than sharp fluctuations.
Project News
Ju.com announced the launch of a buyback and burn program for its platform token, JU. All buyback records are transparent and traceable, with 100% burn planned to achieve deflationary objectives. In response to the 5M abnormality, the platform has activated the JuTrust insurance mechanism. The compensation plan covers both computing power and token compensation, with the first batch of payments expected within three business days. Earlier news broke that JuCoin's platform token, JU, plummeted in the early morning hours, with the platform citing "the impact of the broader market environment and external liquidity."
Hold at least 200 Binance Alpha Points to claim an airdrop of 640 MAIGA tokens
Binance Alpha announced that it will be the first platform to list the Maiga.ai (MAIGA) project. Trading on Alpha will launch on September 17, 2025, at 7:00 PM (UTC). Once trading begins, users holding at least 200 Binance Alpha Points will be eligible to claim an airdrop of 640 MAIGA tokens.
Binance Futures to Launch TOSHIUSDT and STBLUSDT U-margined Perpetual Contracts
According to the official announcement, Binance Futures will launch perpetual contracts at the following times: September 17, 2025, 13:30 (GMT+8): TOSHIUSDT perpetual contracts with a maximum leverage of 75x; September 17, 2025, 13:45 (GMT+8): STBLUSDT perpetual contracts with a maximum leverage of 50x.
Upbit will list EUL and PLUME tokens on BTC and USDT markets
According to an official announcement, South Korean crypto exchange Upbit will list EUL tokens and PLUME tokens in the BTC and USDT markets.
Upbit will list TOSHI tokens in the Korean Won and USDT markets
According to an official announcement, South Korean cryptocurrency exchange Upbit will list TOSHI tokens in the Korean won and USDT markets.
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.
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 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.
Binance will delist ALPHAUSDT perpetual contracts on September 23
Binance announced that it will automatically liquidate the ALPHAUSDT U-margin perpetual contract at 17:00 on September 23, 2025 (Beijing time). After the liquidation is completed, the contract trading pair will be delisted.
Important data
According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $292 million yesterday (September 16th, US Eastern Time). The Bitcoin spot ETF with the largest single-day net inflow yesterday was Blackrock's IBIT ETF, with a net inflow of $209 million, bringing IBIT's total net inflow to $60.249 billion. The second largest single-day net inflow was Fidelity's FBTC ETF, with a net inflow of $45.7639 million, bringing FBTC's total net inflow to $12.680 billion. The Bitcoin spot ETF with the largest single-day net outflow yesterday was Bitwise BITB ETF, with a net outflow of $10.7797 million, bringing BITB's total net inflow to $2.320 billion. As of press time, the total net asset value of the Bitcoin spot ETF was US$153.775 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 6.61%, and the historical cumulative net inflow has reached US$57.383 billion.
Possibly influenced by CZ's changes to his social media profiles and Binance's agreement with the US Department of Justice to remove key oversight requirements, BNB briefly surpassed $960. According to the latest data from Coingecko, BNB's market capitalization has exceeded $133 billion, setting a new all-time high. Furthermore, according to 8 MarketCap, BNB's current market capitalization has surpassed UBS, ranking it 166th globally by asset value.
Grayscale's Ethereum Mini Trust ETF address transferred 214,400 ETH to 67 new wallets
According to on-chain analyst Yu Jin, Grayscale's Ethereum Mini Trust ETF address transferred 214,400 ETH (US$967 million) to 67 new wallets three hours ago, with each address receiving 3,200 ETH. Yu Jin commented, "This amount of 3,200 ETH... looks very much like a move toward PoS staking. However, the US doesn't seem to have approved ETF-based ETH staking yet. Are they preparing for this by getting some information?"
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.
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.
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.
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.
Binance once again experienced delisting, and ALPHA rose 70.2% in a short period of time
According to Binance market data, ALPHA surged 70.2% in a short period of time and is currently priced at $0.028. Earlier news broke that Binance would delist ALPHAUSDT perpetual contracts on September 23rd.
PANews reported on September 17th that according to Ember's monitoring, an address possibly belonging to the investment institution Maven 11 withdrew 4.03 million ENA from Binance an hour ago, worth approximately $2.76 million. This address has accumulated a total of 30.08 million ENA in the past two days, worth approximately $20.63 million. Meanwhile, an ENA investor address, possibly belonging to YZi Labs, transferred out 5 million ENA an hour ago, worth approximately $3.4 million. In total, they have transferred 54 million ENA to Binance over the past three weeks, worth approximately $37.8 million.
Financing/Acquisition
Metaplanet Strategically Acquires Bitcoin.jp Domain Name and Establishes Two New Subsidiaries
Metaplanet announced that it has strategically acquired the Bitcoin-related domain "Bitcoin.jp" and established a wholly-owned subsidiary, "Bitcoin Japan Co., Ltd." The subsidiary will be responsible for operating Bitcoin-related media, events, and services, including Bitcoin.jp, Bitcoin Magazine Japan, and the future Bitcoin Japan Conference. Additionally, Metaplanet has established a new US subsidiary, "Metaplanet Income Corp.", focused on Bitcoin income and related derivatives trading. Metaplanet stated that this domain acquisition and subsidiary establishment will enhance operational transparency and profitability, provide significant support for its Bitcoin ecosystem development, and further strengthen its competitiveness in the global Bitcoin market.
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.
Institutional holdings
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.
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.
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.
