PA Daily | Binance launches USDe rewards program with 12% annualized returns; gold hits new high above $3,720

Today's news tips:

Macro

SlowMist CISO: WebAuthn key login has bypass risks

According to a post on the X platform by 23pds, SlowMist Technology's Chief Information Security Officer, researchers have discovered a new attack that can bypass WebAuthn key-based login. Attackers can hijack the WebAuthn API through malicious browser extensions or exploit XSS vulnerabilities on websites, forcing downgrades to password login or tampering with the key registration process to steal user credentials. This attack does not require access to the device or Face ID. Victims who use key login on websites with malicious extensions or vulnerabilities may experience identity impersonation, leading to account compromise.

Spot gold breaks through $3,720/ounce, setting a new record high

According to Jinshi Data, the spot gold price broke through $3,720 per ounce, setting a new record high. So far this month, the price of gold has risen by nearly 8%.

Huajian Medical, which has deployed RWA digital assets, has seen its market value surge by HK$14 billion in two months.

According to 21CBR, Huajian Medical announced the completion of the Nanjing ETHK Building, positioned as the world's first dedicated R&D base for the digitization of real-world assets (RWA). Since July, Huajian Medical has acquired a controlling stake in Guofu Quantum and established an innovative drug intellectual property tokenization fund, increasing its market capitalization from HK$3 billion to HK$17 billion. The company has been renamed "Huajian Digital Industry Group" and is collaborating with Renhe Pharmaceutical to establish an OTC drug RWA exchange in the United States, promoting the digitization and on-chain circulation of medical assets.

EU finance ministers and ECB reach compromise on digital euro issuance roadmap

According to Reuters, EU finance ministers and the European Central Bank have reached a compromise on a roadmap for the issuance of a digital euro, giving the finance ministers the power to determine issuance and holding limits. This initiative aims to reduce reliance on the US payment system and enhance European sovereignty. Legislation for the digital euro, pending approval by the European Parliament and the European Council, is expected to be officially launched around 2028 at the earliest.

Viewpoint

Arthur Hayes: Due to the huge unlocking pressure, I have sold HYPE today

Arthur Hayes announced that he has sold HYPE today, but remains bullish on the project's long-term performance, predicting a 126-fold increase by 2028. The article cited indicates that Hyperliquid's ecosystem token, HYPE, will begin a 24-month linear vesting period starting November 29th, with a total of 237.8 million tokens unlocked. At $50 per token, this translates to approximately $11.9 billion unlocked by the team, with a monthly release of nearly $500 million. The current buyback volume can only absorb approximately 17% of the total, resulting in an estimated $410 million in selling pressure each month. The accumulated HYPE and cash raised by DATs like Sonnet is insufficient to offset the unlocking pressure, raising questions about whether the market can absorb it.

Project News

OKX will delist six spot trading platforms, including FORTH and LUNC, on September 29th.

OKX announced that it will officially delist FORTH, RUNECOIN, POLYDOGE, SC, USTC, and LUNC spot trading pairs, including USDT and USDⓈ trading markets, from 4:00 PM to 6:00 PM (Beijing Time) on September 29, 2025. Users must cancel their orders before 4:00 PM on September 29, and strategic trading bots will be gradually disabled from 3:40 PM to 4:00 PM on the same day. Furthermore, deposits were suspended at 4:00 PM on September 22, and withdrawals will cease at 4:00 PM on December 22.

Binance will delist the NEIROETH/USDT U-margined perpetual contract on September 26th

Binance Futures announced that it will automatically liquidate the NEIROETHUSDT U-margined perpetual contract at 17:00 (GMT+8) on September 26, 2025, and subsequently delist the trading pair.

Binance: The threshold for 0G's Alpha airdrop is 227 or 200 points respectively

Binance announced that Alpha trading for 0G (0G) will begin at 16:00 (UTC+8) on September 22, 2025. Eligible Binance users can use Binance Alpha Points to claim an airdrop of 20 0G tokens within 24 hours of the start of trading on the Alpha event page. The Binance Alpha airdrop will be distributed in two phases: Phase 1 (first 18 hours): Users with at least 227 Alpha Points can claim. Phase 2 (last 6 hours): Users with at least 200 Alpha Points can participate in the second phase of the airdrop on a first-come, first-served basis. The score threshold will automatically decrease by 15 points every hour while the event lasts. 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.

Upbit to List 0G in Korean Won, BTC, and USDT Markets

South Korean cryptocurrency exchange Upbit announced that it will launch Zero Gravity (0G), supporting KRW, BTC, and USDT market transactions.

Binance Launches USDe Rewards Program with Annualized Yields of Up to 12%

Binance has officially launched its USDe rewards program, launching a limited-time rewards program. Eligible users who hold at least 0.01 USDe for at least 24 hours between 08:00 on September 22, 2025, and 07:59 on October 22, 2025, will receive a 12% annualized yield. Rewards are accumulated daily and calculated based on a snapshot mechanism, with distributions occurring every Monday at 18:00 (Beijing Time). Additionally, users can obtain USDe through spot trading, Binance Finance, or deposits, and enjoy a zero-fee USDe/USDT trading offer from September 23 to December 23.

Bithumb adds multiple trading pairs for USDT and BTC

According to an announcement from Bithumb, 10 new crypto assets will be added to the USDT market on September 22nd: BTC, XRP, USDC, PEPE, TRX, ETH, SOL, SUI, DOGE, and WLD. Four new trading pairs will be added to the BTC market: WLD, SUI, USDC, and TRX. Trading will begin at 6:00 PM on the same day. The base prices for each asset have been announced; users can stay tuned for specific trading times and details.

Upbit will list SUN’s Korean Won and USDT trading pairs

Upbit will add SUN (based on the Tron network) trading pairs to the Korean Won and USDT markets at 12:00 PM (local time) on September 22.

Important data

CoinShares: Digital asset investment products recorded $1.9 billion in net inflows last week, marking the second consecutive week of inflows.

According to CoinShares' latest report, digital asset investment products saw $1.9 billion in net inflows as of last week, marking the second consecutive week of inflows. This growth was driven by the Federal Reserve's hawkish interest rate cut last week. After initial caution, investors accelerated buying on Thursday and Friday, driving inflows to $746 million. Bitcoin and Ethereum attracted $977 million and $772 million, respectively, while Solana and XRP also saw significant inflows of $127.3 million and $69.4 million, respectively. Total assets under management (AuM) reached a year-to-date high of $4.04 billion, on track to approach or exceed last year's total inflow of $4.86 billion.

Bitcoin spot ETFs saw net inflows of $887 million last week

According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $887 million from September 15th to 19th, marking the fourth consecutive week of net inflows. BlackRock's IBIT saw a net inflow of $867 million, bringing its total net inflow to $60.64 billion. Grayscale BTC saw a net inflow of $39.59 million, bringing its total net inflow to $1.85 billion. Grayscale's GBTC saw a net outflow of $86.14 million, bringing its total net outflow to $24.08 billion. As of now, the total net asset value of Bitcoin spot ETFs is $152.31 billion, representing 6.63% of Bitcoin's total market capitalization, with a cumulative net inflow of $57.72 billion.

Ethereum spot ETFs saw net inflows of $557 million last week

According to SoSoValue, Ethereum spot ETFs saw a net inflow of $557 million from September 15th to 19th (EST). BlackRock ETHA saw a net inflow of $513 million, bringing its total net inflow to $13.4 billion; Grayscale ETH saw a net inflow of $17.99 million, bringing its total net inflow to $1.44 billion. VanEck ETHV saw a net outflow of $8.16 million, bringing its total net inflow to $189 million. As of now, the total net asset value of Ethereum spot ETFs is $29.64 billion, representing 5.51% of Ethereum's total market capitalization, with a cumulative net inflow of $13.92 billion.

Machi Big Brother's long positions saw losses exceeding $14 million

According to Lookonchain, Machi Big Brother (singer Huang Licheng) closed his ASTER short position and made a profit of about $80,000, but his current long positions in ETH, PUMP and HYPE are all in the red, with a total floating loss of more than $14 million.

A whale deposited 3.57 million USDC into HyperLiquid to go long on BTC and ETH

According to Onchain Lens, a whale deposited $3.57 million USDC into the HyperLiquid platform and opened long positions in BTC and ETH with 20x leverage.

Institutional holdings

Capital B announced the acquisition of 551 Bitcoins for €54.7 million, bringing its total holdings to 2,800.

Capital B, a French listed company, announced the completion of two capital increases totaling €58.1 million, with subscriptions from Adam Back and institutional investors. The funds were used to acquire 551 Bitcoins. The company currently holds 2,800 Bitcoins, valued at €261 million, at an average purchase price of €93,205 per coin. Year-to-date, the BTC yield on its holdings reached 1,651.2%, and 27.8% this quarter. This capital increase did not result in additional share dilution, and all Bitcoins are held in escrow at Taurus in Switzerland.

Metaplanet once again increases its holdings by 5,419 Bitcoins

Metaplanet, a Japanese listed company, purchased 5,419 BTC for approximately $632.5 million, at a price of approximately $116,724 per BTC. This has yielded a 395.1% return on BTC so far in 2025. As of September 22, the company held a total of 25,555 BTC, with a cumulative purchase amount of approximately $2.71 billion and an average cost of approximately $106,065.

Fragmetric and DeFi Development to Launch South Korea’s First Solana Digital Asset Treasury

According to official Fragmetric news, Fragmetric Labs and DeFi Development Corp. (NASDAQ:DFDV) will launch the first Solana-based digital asset vault in South Korea through the acquisition of a South Korean listed company. Earlier news reported that DeFi Development increased its holdings of Solana by approximately $14.6 million, bringing its total holdings to nearly $500 million.