PONS market cap rebounds to exceed $830 million, surging over 10% in one hour.
According to GMGN market data, the market capitalization of PONS — the token of Robinhood Chain’s native token launch platform Pons — has surged past $830 million, with a 1-hour gain of 10.89%. PONS is the native token of Pons, a token launch platform built on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens, uses collected WETH fees to repurchase PONS, and directly burns the PONS fees it charges. Some members of the crypto community have dubbed it the Pump.fun of Robinhood Chain.
1 seconds ago
Token 'Niu Lai' rebounds to a market cap of over $100 million, surging more than 27% in 24 hours.
According to GMGN market data, the meme coin "Niu Lai" has rebounded to a market cap exceeding $100 million, surging over 27% in 24 hours and currently standing at $101.2 million.
1 seconds ago
The first chapter of the AZUKI comic will launch on September 17, with new chapters updated every third Thursday of each month.
According to official announcements, Azuki has announced that the first chapter of its manga will officially launch on September 17 at 9 AM Pacific Time. The new manga chapter will be available to read for free, with plans to release new chapters on the third Thursday of every month. The story centers on Shao, a sharp, guarded girl from the alleyways. When her sister Rei mysteriously disappears during a cultural relic smuggling operation in the fantasy world called the Garden, Shao’s original life falls apart completely. In order to find her sister and uncover the truth, the terrified and desperate Shao is forced by crime boss Zero to strike a dangerous deal, becoming an unwilling cultural relic hunter who trades artifacts for clues needed to locate Rei.
1 seconds ago
Circle adds support for pre-payment of CCTP fees, covering all EVM-compatible chains.
Official announcements reveal that Circle’s Cross-Chain Transfer Protocol (CCTP) now supports a fast transfer prepaid fee function. Previously, protocol fees were deducted directly from the USDC transfer amount on the destination chain; with this update, developers can pre-quote and collect fees using the source chain’s native gas token or USDC before a transfer executes, simplifying cross-chain transfer fee handling and ensuring users receive their expected USDC amount. The prepaid fee mechanism primarily enhances fee predictability in cross-chain applications. Users no longer face reduced received amounts due to extra deductions on the destination chain side. Additionally, the CCTP Quote API uniformly calculates fees across all supported chains, integrating Fast Transfer and Forwarding fees into a single quote—removing the need for developers to build separate systems to compute multiple protocol fees. Furthermore, fees can be paid directly with the source chain’s native token, with no reduction or impact on the actual transferred USDC balance. Currently, the prepaid fee feature supports USDC transfers on all EVM chains covered by CCTP, but does not yet support transfers initiated from Solana; transfers to Solana remain available. Developers can retrieve specific fee quotes via the Quote API and integrate this feature, with relevant developers advised to refer to CCTP’s official documentation to build more predictable cross-chain USDC transfer workflows.
1 seconds ago
The US stock market's optical communication sector rose sharply, with LITE surging more than 11%.
According to BIT (Bit.com) market data, the US optical communication sector has surged sharply, with performances as follows: Applied Optoelectronics (AAOI) up 9.61%; Lumentum (LITE) up 11.27%; Nokia (NOK) up 6.1%; Corning (GLW) up 8.47%; Roundhill Optical Module ETF (LYTE) up 9.08%; Coherent (COHR) up 11.25%; and Marvell Technology (MRVL) up 3.01%.
1 seconds ago
Bonk Guy: PONS buyback is severely undervalued by the market, will continue adding positions during pullbacks.
Renowned trader Bonk Guy posted that PONS has seen sustained revenue growth recently, with daily income staying above $1.3 million to $2 million for most of the past week, and not dropping below $1.1 million for seven consecutive days. Meanwhile, PONS’ buyback wallet has accumulated nearly $3 million so far; these funds will be used to repurchase PONS via Time-Weighted Average Price (TWAP), and the wallet’s fee replenishment rate is currently outpacing its fund consumption rate. 100% of PONS’ generated fees are allocated to repurchases and token burns. PONS’ actual market cap is likely significantly lower than its Fully Diluted Valuation (FDV). At the time of posting, its price stood at around $0.736, translating to an FDV of roughly $736 million. However, since PONS’ launch, approximately 30% of its token supply has been repurchased and burned via fees, bringing its actual market cap closer to $515 million. Additionally, PONS hit an all-time high of ~80% market share on Robinhood Chain yesterday, holding between 75% and 80% for most of the past week. The platform also set a new all-time high for daily token issuance, peaking at 28,560 tokens in a single day, with around 27,600 new tokens launched over the past 24 hours. PONS is benefiting from the growth of the Robinhood Chain ecosystem and has established itself as the chain’s leading Launchpad. Bonk Guy noted that PONS currently boasts daily revenue of $1 million to over $2 million, nearly $3 million in buyback funds, ~30% of its supply burned, no VC unlock pressure, and strong early community support. Comparing PONS to PUMP, he argued its current actual market cap remains attractive. Traditional finance quant trading networks are also starting to take notice of PONS, calling it a potential “most tradable asset of this cycle”. He expects sustained buying during market pullbacks and is bullish on its market cap eventually reaching the multi-billion-dollar level.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Changxin's largest long position on Hyperliquid has an unrealized profit exceeding $3 million.
According to TradingBeats' monitoring, the largest long address 0x9a80 for Changxin (trading pair: xyz:CXMT) on Hyperliquid currently holds around 1.4956 million CXMT long positions, with a position value of approximately $12.99 million, using 5x leverage, an average entry price of about $6.6156, and an unrealized profit of roughly $3.0959 million. Today, A-share listed Changxin rose sharply by 6.70%, closing at 58.47 yuan. Assuming no new trades are executed by this address, based on its current position size, the intraday price increase has generated an approximate $435,000 in paper gains for it. It is reported that this address built its current CXMT long position from scratch on July 15, accumulating around 225,200 CXMT tokens that day. It then continued to add to its position, peaking at roughly 1.63 million CXMT by the end of July. Although it reduced positions in batches during this period, it did not fully close out the position, and currently retains approximately 1.4956 million long CXMT positions.
2 minutes ago
Capital B spent approximately $29.4 million to add 376 Bitcoin to its holdings, marking the largest single Bitcoin purchase in nearly a year.
French bitcoin treasury firm Capital B announced it purchased 376 bitcoins for €25.3 million (approx. $29.4 million), bringing its total bitcoin holdings to 3,521 coins, with a cumulative acquisition cost of roughly €309.4 million (approx. $359.3 million). This purchase marks Capital B’s largest single bitcoin acquisition since September 2025, when the firm bought 551 bitcoins. Capital B said the funds for the purchase came from a recently completed financing round, including a €28.7 million (approx. $33.3 million) private placement, in which Adam Back added €7.6 million (approx. $8.8 million) in investment, boosting his common stock stake to 17.64%. Following this acquisition, Capital B holds 3,521 bitcoins, with an average purchase price of roughly €87,878 per coin (approx. $102,058 per coin).
2 minutes ago
Analysis: Bitcoin's on-chain realized market capitalization returns to growth, with its price recovery backed by fundamentals.
CryptoQuant analyst Axel Adler Jr. published a note stating that Bitcoin’s Realized Cap returned to positive territory on August 24 after 87 consecutive days of negative growth, and rose to +0.88% on September 6, indicating that BTC’s on-chain capital base is recovering. Bitcoin’s Realized Cap currently stands at around $1.068 trillion, having increased by approximately $9.36 billion over the past 30 days, and has continued to rise even as BTC fluctuated around $80,000 recently. Adler Jr. noted that this shows the previously contracting Realized Cap is improving. However, this metric briefly turned positive back in May before falling again, so it remains to be seen whether the current capital growth can be sustained. Meanwhile, Bitcoin’s Realized Premium Z-Score dropped from 4.17 during BTC’s rally on August 19 to 0.90 on September 6, though it still remains in positive territory. Adler Jr. explained that the metric’s decline does not signal a weakening price trend, as the anomaly relative to the 28-day average naturally decreases as new price levels gradually enter calculations. Overall, current on-chain signals are positive but have not yet confirmed a sustained bull market: Realized Cap is growing, while BTC has held onto its prior gains. Going forward, if the 30-day Realized Cap change remains positive and is accompanied by further expansion of Realized Cap, this will further support the continuation of the recovery; if the metric falls back below zero, it will weaken this outlook.
2 minutes ago
Arthur Hayes releases the Flop Yellow Paper, turning AI inference computing power into an on-chain commodity, with all tokens allocated via airdrop.
Arthur Hayes has published the yellow paper for his new project FLOP on social media. According to the introduction, FLOP is a proof-of-useful-inference blockchain and native token tailored for the Agent economy. Agents use FLOP to pay miners for inference fees, directly converting the token into computing power and intelligence. Simply put, FLOP aims to position AI inference computing power as an on-chain commodity that is purchasable, verifiable, and settleable. The workflow operates as follows: AI Agents use FLOP to pay for inference requests; miners run the required models; verifiers confirm that "the inference is roughly credible and the work is valid", then settle rewards and block rewards. On token supply, FLOP has a genesis supply of approximately 2.48346 billion tokens, all allocated via airdrop, with no VC pre-mining or auctions. The initial phase reward distribution is 75% to miners, 10% to verifiers, 10% to Agents, and 5% to regular stakers. The network features an average block time of one second, with an initial block reward of 96 FLOP, which halves every 730 days for a total of five halving cycles—dropping from 96 to 48, 24, 12, 6, and finally 3—after which the reward will remain permanently at 3 FLOP. To become a miner or verifier, participants must stake FLOP tokens, and dishonest staking will incur penalties. Verifiers serve as network guardians and manage the protocol through FLOP Improvement Proposals (FIPs).
2 minutes ago
Iran's Parliament Speaker: Attacks targeting Iran's oil and gas assets will also put U.S.-related energy facilities at risk.
Speaker of the Iranian Parliament Qalibaf stated that Iran’s domestic oil and natural gas production chains are widely distributed, easily accessible, and inadequately protected, while U.S. oil and gas enterprises operating in relevant waters and facilities face similar risks. Qalibaf warned that if the U.S. attacks Iran’s energy assets, its own related assets could be targeted in retaliation, noting that Iran “has already proven this point” and calling on the international community to inquire about those “non-operational bases”. (Jinshi)
2 minutes ago
Google clarifies that Antigravity account bans do not suspend associated Google accounts.
Beating AI Flash News: Google has revised the terms of service for its Antigravity service. While using third-party tools such as OpenClaw to access Antigravity via OAuth remains a violation, the updated terms clarify that penalties for such violations will apply to Antigravity and/or Gemini CLI accounts—not the entire Google account. The prior terms only referenced "your account", leading to widespread misunderstanding that penalties could extend to full Google accounts. The debate was ignited by leading developers Theo Browne (founder of T3 Code) and Gergely Orosz (author of The Pragmatic Engineer), who both warned that using Gemini subscriptions in third-party tools could result in full Google account bans. Varun Mohan, head of Antigravity, later pushed back, stating the claim stemmed from unclear original terms and promising revisions. The new terms clarify penalty boundaries but do not relax core restrictions. Google’s FAQ still explicitly bans third-party coding agents including Claude Code, OpenClaw, and OpenCode from logging in via Antigravity. For users seeking to integrate Gemini into third-party coding agents, Google officially recommends using Vertex AI or AI Studio API Keys. Notably, Google already carried out large-scale account bans over this issue in February this year, later resetting the initial bans and adding an appeal process.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Per official announcement, Huobi HTX launched GPRO/USDT, LMT/USDT, and SMIC/USDT perpetual contracts on September 4, supporting 1x to 20x long and short positions. Meanwhile, from now until 15:00 UTC+8 on September 8, Huobi HTX is hosting a new contract token trading contest: users who complete registration, trade the eligible token contracts, and meet the specified thresholds will have the chance to split the total prize pool of 1 billion $HTX.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PONS's market cap briefly rebounded to cross $350 million, trading at $0.352 at press time.
According to GMGN market data, PONS' market capitalization has briefly rebounded to surpass $350 million, with its current price standing at $0.352.
10 minutes ago
Fireblocks Custody moved 30 million USD1 tokens to Binance over the past 15 hours.
According to monitoring by Onchain Lens, Fireblocks Custody transferred 30 million USD1 tokens to Binance again over the past 15 hours. Note: USD1 is a stablecoin backed by a Trump-associated project.
10 minutes ago
Iran's Foreign Ministry: Vows to Resolutely Respond to Any Military Aggression by the Enemy
Iran's Foreign Ministry announced that Iran's armed forces launched an attack on a U.S. military base in Jordan in retaliation for the U.S. strike on Iran's Larak Island. The ministry emphasized that Iran's armed forces will not hesitate to exercise their inherent right to self-defense and will take appropriate, resolute responses to any military aggression by the enemy. The U.S. strike on parts of Larak Island violated Iran's national sovereignty and territorial integrity, and constituted a clear violation of the UN Charter. It called on the UN Security Council and the UN Secretary-General to fulfill their duties to maintain international peace and security and hold the aggressor accountable. Iran's Foreign Ministry also stated that the U.S. and all parties supporting its military operations bear full responsibility for the consequences of the escalating situation. It further noted that the U.S. base in Jordan was used to launch and support the attack on Larak Island, adding that the U.S.'s new act of aggression, along with the ongoing impacts of its maritime blockade and economic war against Iran, are the full responsibility of the U.S. and all parties involved in planning and executing the relevant actions. Earlier reports showed that Tasnim News Agency cited Iran's military as claiming to have launched dozens of drones at the UAE's Al Minhad Air Base. Separately, Iran's state television reported that the Iranian military carried out a drone attack on the Al Minhad Air Base in the UAE earlier on Monday.
10 minutes ago
Latest Assessment by US VCs After China Visit: AI Capabilities Need to Cross the Pacific Twice to Be Sold to US Clients
Beating AI Insight News Brief: U.S. venture capital firm Dimension spent a week in China, visiting AI labs, investors, and founders, then wrote a 5-page internal letter to its limited partners (LPs). The firm previously conducted research in Shanghai last year; this trip covered Beijing and Shanghai, with the goal of recalibrating its assessment of China’s AI sector. A key finding highlighted is that China’s open-weight models have entered the production pipelines of U.S. AI companies. For example, Cursor’s Composer 2 was further trained on Kimi K2.5, while legal AI firm Harvey’s Tenet model underwent post-training on Kimi K3. Dimension summarized this cross-Pacific value chain as a "two-way trans-Pacific flow": U.S. labs first train cutting-edge models, Chinese labs absorb these capabilities and release open-weight models, then U.S. application companies further train on the Chinese models to build products sold to U.S. enterprises. However, despite surging usage, revenue has not accrued proportionally to Chinese model firms. Dimension summed this up in one sentence: "China is getting Western workloads, not Western revenue." Open-weight models can be deployed across multiple platforms, with U.S. inference firms like Fireworks, Baseten, and Modal capturing the bulk of service fees. Chinese models drive down costs, ultimately benefiting U.S. cloud providers, inference platforms, and AI application companies as well. Dimension’s final assessment is that it is no longer feasible to simply split China and U.S. AI into two separate systems. Hardware like chips is being decoupled: the U.S. faces constraints from power and grid infrastructure, while China lacks advanced chips. Yet models, data, inference services, and software frameworks continue to flow across borders. Debating "which side is winning the China-U.S. AI race" in simplistic terms no longer reflects the real industrial chain.
10 minutes ago
Midday close of A-shares: The Shanghai Composite Index fell 0.2%, and the ChiNext Index dropped 1.29%.
This morning session of A-shares saw the three major indexes open lower, rebound in volatile trading, then retreat toward the end of the session. By midday close, the Shanghai Composite Index fell 0.2%, the Shenzhen Component Index dropped 1%, and the ChiNext Index declined 1.29%. The AI corpus sector moved higher amid volatility. The combined turnover of Shanghai and Shenzhen bourses in the morning session was approximately 1.31 trillion yuan, a decrease of around 112.1 billion yuan from the same period of the previous trading day.
10 minutes ago
Hyperliquid launches PONS perpetual contract, now trading at $0.33.
According to official announcements, Hyperliquid has launched Pons (PONS) perpetual contracts, with a maximum leverage of up to 3x. The current mark price is 0.32999, and the contract open interest stands at $524,866. The current funding rate for the PONS contract is -0.0823%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PONS's market cap briefly rebounded to cross $350 million, trading at $0.352 at press time.
According to GMGN market data, PONS' market capitalization has briefly rebounded to surpass $350 million, with its current price standing at $0.352.
10 minutes ago
Fireblocks Custody moved 30 million USD1 tokens to Binance over the past 15 hours.
According to monitoring by Onchain Lens, Fireblocks Custody transferred 30 million USD1 tokens to Binance again over the past 15 hours. Note: USD1 is a stablecoin backed by a Trump-associated project.
10 minutes ago
Iran's Foreign Ministry: Vows to Resolutely Respond to Any Military Aggression by the Enemy
Iran's Foreign Ministry announced that Iran's armed forces launched an attack on a U.S. military base in Jordan in retaliation for the U.S. strike on Iran's Larak Island. The ministry emphasized that Iran's armed forces will not hesitate to exercise their inherent right to self-defense and will take appropriate, resolute responses to any military aggression by the enemy. The U.S. strike on parts of Larak Island violated Iran's national sovereignty and territorial integrity, and constituted a clear violation of the UN Charter. It called on the UN Security Council and the UN Secretary-General to fulfill their duties to maintain international peace and security and hold the aggressor accountable. Iran's Foreign Ministry also stated that the U.S. and all parties supporting its military operations bear full responsibility for the consequences of the escalating situation. It further noted that the U.S. base in Jordan was used to launch and support the attack on Larak Island, adding that the U.S.'s new act of aggression, along with the ongoing impacts of its maritime blockade and economic war against Iran, are the full responsibility of the U.S. and all parties involved in planning and executing the relevant actions. Earlier reports showed that Tasnim News Agency cited Iran's military as claiming to have launched dozens of drones at the UAE's Al Minhad Air Base. Separately, Iran's state television reported that the Iranian military carried out a drone attack on the Al Minhad Air Base in the UAE earlier on Monday.
10 minutes ago
Latest Assessment by US VCs After China Visit: AI Capabilities Need to Cross the Pacific Twice to Be Sold to US Clients
Beating AI Insight News Brief: U.S. venture capital firm Dimension spent a week in China, visiting AI labs, investors, and founders, then wrote a 5-page internal letter to its limited partners (LPs). The firm previously conducted research in Shanghai last year; this trip covered Beijing and Shanghai, with the goal of recalibrating its assessment of China’s AI sector. A key finding highlighted is that China’s open-weight models have entered the production pipelines of U.S. AI companies. For example, Cursor’s Composer 2 was further trained on Kimi K2.5, while legal AI firm Harvey’s Tenet model underwent post-training on Kimi K3. Dimension summarized this cross-Pacific value chain as a "two-way trans-Pacific flow": U.S. labs first train cutting-edge models, Chinese labs absorb these capabilities and release open-weight models, then U.S. application companies further train on the Chinese models to build products sold to U.S. enterprises. However, despite surging usage, revenue has not accrued proportionally to Chinese model firms. Dimension summed this up in one sentence: "China is getting Western workloads, not Western revenue." Open-weight models can be deployed across multiple platforms, with U.S. inference firms like Fireworks, Baseten, and Modal capturing the bulk of service fees. Chinese models drive down costs, ultimately benefiting U.S. cloud providers, inference platforms, and AI application companies as well. Dimension’s final assessment is that it is no longer feasible to simply split China and U.S. AI into two separate systems. Hardware like chips is being decoupled: the U.S. faces constraints from power and grid infrastructure, while China lacks advanced chips. Yet models, data, inference services, and software frameworks continue to flow across borders. Debating "which side is winning the China-U.S. AI race" in simplistic terms no longer reflects the real industrial chain.
10 minutes ago
Midday close of A-shares: The Shanghai Composite Index fell 0.2%, and the ChiNext Index dropped 1.29%.
This morning session of A-shares saw the three major indexes open lower, rebound in volatile trading, then retreat toward the end of the session. By midday close, the Shanghai Composite Index fell 0.2%, the Shenzhen Component Index dropped 1%, and the ChiNext Index declined 1.29%. The AI corpus sector moved higher amid volatility. The combined turnover of Shanghai and Shenzhen bourses in the morning session was approximately 1.31 trillion yuan, a decrease of around 112.1 billion yuan from the same period of the previous trading day.
10 minutes ago
Hyperliquid launches PONS perpetual contract, now trading at $0.33.
According to official announcements, Hyperliquid has launched Pons (PONS) perpetual contracts, with a maximum leverage of up to 3x. The current mark price is 0.32999, and the contract open interest stands at $524,866. The current funding rate for the PONS contract is -0.0823%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
TLDR Kraken temporarily restricted customer accounts after nearly 12,000 unsolicited crypto transfers hit its platform between August 17 and 24. Arkham Intelligence linked the sending wallet to HTX, but the exchange denied any involvement. Kraken called the activity a dust attack meant to spread sanctioned funds across unrelated accounts. The EU added HTX’s Huobi Global entity to its transaction ban list on August 23, 2026. Kraken restored account access but kept the disputed funds separate from customer balances. Kraken temporarily restricted a group of customer accounts this week after an unusual wave of small crypto transfers reached its platform. Bloomberg first reported the story on August 25, citing data on nearly 12,000 transactions.
The transfers arrived between August 17 and August 24. Most were worth only a few cents or a few dollars each.
Kraken described the activity as a dust attack. In this case, the goal appeared to be spreading sanctioned funds across many unrelated accounts rather than tracking wallet owners, which is the usual purpose of dust attacks.
What Happened to the Affected Accounts Kraken restricted the accounts that received the transfers while it reviewed the situation. The exchange later restored access to those accounts once the reviews were complete.
However, Kraken kept the disputed funds separate from customer balances. The company said this was because the funds were tied to wallets connected to sanctioned entities.
A spokesperson for Kraken said the transfers appeared to come from wallets owned by HTX. The spokesperson added that the funds seemed linked to sanctions imposed by the UK and the EU.
Kraken did not say how many accounts were affected. The company also did not share the total value of the funds it is holding separately.
Blockchain analytics firm Arkham Intelligence labeled the sending wallet as connected to HTX. This label was based on addresses that HTX had used in past proof of reserves reports.
That label does not confirm that HTX controlled the wallet or directed the transfers. It only shows a past connection between the address and the exchange.
HTX Denies Sending the Funds HTX pushed back on the claim. A spokesperson said the exchange did not send the transfers and is now looking into what happened.
HTX said it is checking whether the mislabeling came from an error, a misunderstanding, or the actions of a third party. The exchange has not shared full wallet records to support its explanation.
Other exchanges reportedly saw similar small transfers before Kraken’s issue became public. Coinbase and Binance were both named as recipients of comparable transactions.
The timing lines up with recent sanctions activity. The UK named Huobi Global S.A., tied to HTX, as a sanctioned entity back in May.
The EU followed with its own restrictions on HTX starting August 23. That rule bans certain crypto firms from processing transactions linked to the exchange.
HTX has argued that Huobi Global S.A. is a separate legal entity from its main trading platform. The exchange says the sanctions should not apply to its full operations.
Researchers at TRM Labs said HTX changed wallets several times after the UK sanctions took effect. HTX called this normal security practice, not an attempt to avoid the rules.
Crypto exchanges generally cannot block incoming transfers before they are screened. This means unwanted funds can land in a customer account without that person doing anything.
Stablecoin issuers like Tether have more control since they can freeze tokens directly. Tether froze more than 500 million dollars across 370 addresses during one recent 30 day period.
Kraken and HTX have not announced a joint investigation. Any further update would likely need clear wallet evidence or a statement from sanctions regulators in the UK or EU.
PANews reported on August 20 that, according to official sources, Huobi HTX asset research analyst YT appeared as a guest on the sixth episode of Huobi Masters Lecture Series, sharing on the theme “TradFi Perpetual Contracts: From Trading Entry Point to Macro-Driven Asset Allocation.” YT stated that participating in the same stock through different instruments—such as direct shareholding, tokenized stocks, perpetual contracts, and options—involves different rights, costs, and risks. Therefore, before placing an order, traders first need to clarify the specific asset and instrument being traded and fully understand the corresponding trading rules.
On TradFi asset selection, YT said that in the current AI sector, rather than blindly chasing second- and third-tier companies riding the AI hype, it is better to focus first on leading companies that control key bottlenecks and pricing power. When screening leaders, investors can focus on three dimensions: market share, profit quality, and growth certainty.
On trade execution and risk management, YT concluded that trading is not about proving oneself right, but about managing risk amid uncertainty, participating in trends, and exiting promptly when the logic no longer holds.
HTX denied authorizing a series of disputed cryptocurrency microtransfers on Aug. 20 after some users alleged that funds originating from HTX-linked addresses caused compliance restrictions at Kraken and other exchanges.
Summary
HTX said its internal review found no official accounts behind disputed small cryptocurrency transfers reported. Kraken said British sanctions require restrictions on funds transferred directly into affected customer accounts there. The U.K. government confirms its Huobi Global designation also applies to HTX through ownership rules currently. An HTX representative claimed known Kraken restrictions reached $4.2 million without publishing supporting records publicly. Onchain reports identified small transfers to Kraken addresses, but wallet labels cannot establish authorization alone. An HTX representative using the @HTX_Molly account said an internal review found no activity from official company accounts. The representative suggested that affected users could have initiated transfers independently while trying to protest or test Kraken’s restrictions.
The same representative claimed that funds frozen at Kraken included cases worth as much as $4.2 million. HTX did not publish account records, transaction hashes or communications from Kraken supporting that figure. Kraken has not publicly confirmed the alleged maximum.
HTX says it found no official transfer activity The reports began after users identified small unsolicited USDT transfers from addresses labeled as connected to HTX. Some commentators described the transfers as address poisoning intended to trigger compliance systems at other platforms.
HTX said its internal checks found no evidence that an official account initiated a coordinated campaign. Justin Sun separately called reports that HTX deliberately sent the transfers “made up,” while the exchange said it was examining address labels and the transfers’ sources.
HTX-Linked Address-Poisoning Reports Persist as Kraken Freezes User Funds of Up to $4.2 Million
HTX-Linked Address-Poisoning Reports Persist as Kraken Freezes User Funds of Up to $4.2 MillionHTX, one of the longest-running major crypto exchanges since its founding in 2013, said… pic.twitter.com/ICjnJRPjEE
— Wu Blockchain (@WuBlockchain) August 20, 2026 Available onchain reporting has not established who controlled every sending address. One community review found that a batch of 7.5 USDT transfers from an HTX-labeled hot wallet went to addresses attributed to Kraken.
Wallet labels alone do not prove that HTX authorized a transfer. Exchange deposit addresses, payment processors, intermediaries and user-controlled withdrawal activity can complicate attribution. Public transaction hashes would be needed to test the findings independently.
As crypto.news previously reported, HTX’s initial investigation found no verified connection between disputed transfers and subsequent account freezes. The exchange has not released a complete address list or final investigation report.
Kraken confirms restrictions tied to U.K. sanctions Kraken has confirmed a broader policy of restricting transfers associated with Huobi or HTX. The exchange said U.K. government sanctions require it to restrict funds transferred from Huobi into Kraken customer accounts.
Kraken has not said that every incoming transfer from an HTX-labeled address produces a full account freeze. It has also not confirmed that the recent microtransfers caused specific customer restrictions.
The policy followed the U.K.’s May 26 designation of Huobi Global S.A. under its Russia sanctions regime. The government said it had reasonable grounds to suspect that the company was involved in making funds or economic resources available to entities in Russia’s financial sector.
HTX disputed the designation’s application to its exchange. In its May statement, HTX argued that Huobi Global S.A. was distinct from the online platform and said its operations remained unaffected.
The U.K. Office of Financial Sanctions Implementation rejected that distinction. Its official guidance says the designation applies to the HTX exchange because OFSI considers Huobi Global to own it under U.K. sanctions rules.
Kraken’s restrictions therefore have a confirmed regulatory basis. Whether each affected customer’s transaction legally requires an extended freeze depends on the ownership, source, timing and sanctions exposure involved in that case.
The $4.2 million claim remains unverified The @HTX_Molly representative said HTX had researched Kraken restrictions during the previous two days and found that some users remained unable to access funds. The representative cited $4.2 million as the highest known amount.
No evidence accompanying the statement established whether that amount belonged to one account, several linked accounts or a transfer under a specific legal hold. It is also unclear whether the restriction followed the recent microtransfers or earlier direct dealings with HTX.
The representative said HTX had created a group for affected Kraken customers to collect cases and seek the release of funds. HTX characterized those efforts as voluntary user activity rather than exchange-directed transfers.
Kraken advises restricted customers to respond to requests for documentation and contact its support team. The exchange may impose restrictions for sanctions compliance, account security, payment reversals or other reviews. These categories are separate from temporary withdrawal holds routinely applied after certain purchases or account changes.
The incident resembles compliance poisoning Classic address poisoning usually involves sending small transfers from lookalike addresses. The attacker hopes a victim will later copy the fraudulent address from their transaction history and send funds to it.
The reported HTX transfers present a different scenario. The alleged objective would be to associate a recipient with a sanctioned or compliance-sensitive address, potentially triggering automated screening. “Compliance poisoning” is therefore a more precise description if intentional conduct is eventually established.
The current evidence does not establish intent. Receiving an unsolicited transfer also does not, by itself, show that a recipient knowingly dealt with a sanctioned entity.
HTX’s next step is to publish its final review, including verified sending addresses and transaction hashes. Kraken may also clarify how it evaluates unsolicited transfers and what documentation affected users need to restore access.
Until then, the official record supports three narrower findings: the U.K. sanctions apply to HTX, Kraken restricts affected transfers, and HTX denies authorizing the disputed microtransactions. The alleged $4.2 million freeze and any coordinated poisoning campaign remain unverified claims.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Seven dollars you never asked for can now freeze your crypto account. Users blame an HTX dusting wave, a spray of tiny Tether (USDT) deposits that lands innocent traders in compliance trouble.
One Coinbase user says an unrequested 7.5 USDT transfer brought a closure threat. HTX denies sending anything, just five days before Binance blocks HTX transfers on August 23.
Unsolicited Deposits Put Exchange Accounts on IcePseudonymous trader 0xZiye posted the first complaint early Tuesday. The trader’s Coinbase deposit address received 7.5 USDT from a wallet tagged as HTX. Reportedly, Coinbase then demanded an explanation or the account would be closed.
“HTX is crazily transferring out small amounts, polluting other addresses.. My Coinbase received 7.5u of Brother Sun’s poisoning.. Right now, Coinbase says if they don’t explain it clearly, they’ll just close the account…,” they posed.
Chinese crypto commentator AB Kuai Dong soon reported the same pattern among several industry insiders. Small HTX-labeled deposits arrived. Accounts froze soon after the money landed.
Users are complaining that unexpected HTX deposits are contaminating their exchange addressesDusting means firing tiny amounts of crypto at many wallets at once. It costs the sender almost nothing. The receiver, however, can lose access to everything.
The reason is sanctions. The UK froze HTX’s assets on May 26 over suspected dealings with A7 and Garantex, two sanctioned Russian financial firms.
Compliance software at major exchanges now treats any HTX-linked coin as toxic, even money the user never requested.
Mass dusting also has a track record. A revived Salomon Brothers entity dusted 40,000 Bitcoin wallets last year while claiming $150 billion in supposedly abandoned Bitcoin (BTC).
What the HTX Dusting Panic Means for ComplianceHTX moved fast to distance itself. Molly, an HTX executive, said an internal review found no official involvement.
“What we can confirm at present is that HTX’s official channels have not initiated any related transfers or testing activities.”
Follow us on X to get the latest news as it happens
In the statement, she said HTX is still tracing the funds. She did not rule out address-tagging errors or misread on-chain data.
Earlier, she called the reports a misunderstanding or deliberate trouble-making.
Molly’s initial response to reports that exchange accounts inexplicably received small deposits from the HTX exchangeMeanwhile, the timing feeds suspicion. Binance announced restrictions on HTX transactions on August 14 under a July EU sanctions package. From August 23, transfers touching HTX and 10 other platforms risk being frozen for review.
Binance Blocks Transactions with 11 Crypto Platforms
Starting August 23, Binance will halt all transfers involving HTX, EXMO, and nine other crypto platforms to comply with tightening regulatory rules.
The exchange is actively warning users not to send or receive funds from… pic.twitter.com/WzvTHH9jjp
— BeInCrypto (@beincrypto) August 14, 2026
No on-chain evidence ties Justin Sun to the transfers. Sun has argued separately that Binance’s limits only affect UK and EU users.
The bigger problem is the math. Dust costs almost nothing to send, while one flagged deposit can lock an entire account.
Anyone can send funds to a public address, yet the receiver carries the burden of proof. HTX did not immediately respond to BeInCrypto’s request for comment.
Huobi HTX’s "Sixth Master" issued a statement responding to community feedback that some addresses received small transfers from HTX. The platform’s official team has noted the relevant situation and immediately launched an internal verification. It is now confirmed that HTX’s official has not conducted any related transfers or test operations. The specific source and cause of these transfers are under further investigation; multiple possibilities including address tagging and on-chain transfer source identification cannot be ruled out. No speculation will be made until facts are confirmed. Huobi HTX takes issues concerning user account and asset security seriously, and will clarify the matter as soon as possible. Any further confirmed information will be promptly shared with the community to provide users with a clear explanation.
Relevant content
In U.S. pre-market trading, declines in the storage sector have widened further, with all major individual stocks falling more than 5%.
According to market data from BIT (bit.com), losses in the U.S. stock pre-market session for the storage sector have widened further, with all major individual stocks declining by more than 5%. Specifically: SanDisk (SNDK) fell 5.95%; Seagate Technology (STX) dropped 5.91%; Western Digital (WDC) declined 6.3%; Micron Technology (MU) fell 5.06%; and SK Hynix ADR dropped 5.4%.
7 minutes ago
Hong Kong’s Securities and Futures Commission welcomes mainland Chinese insurance institutions to invest in Hong Kong ETFs via the Shanghai-Shenzhen-Hong Kong Stock Connect.
The Hong Kong Securities and Futures Commission (SFC) said it welcomes today’s announcement by the National Administration of Financial Regulation (NAFR) that it actively supports mainland insurance funds’ participation in the mutual market access between the mainland and Hong Kong, and backs mainland insurance institutions in investing in Hong Kong Exchange-Traded Funds (ETFs) via the Shanghai-Shenzhen-Hong Kong Stock Connect. This policy will further enrich the options for mainland insurance institutions to allocate overseas assets via Hong Kong, reflecting the NAFR’s support for continuously deepening financial mutual market access between the mainland and Hong Kong. Dr. Wesley Wong, Chairman of the Hong Kong SFC, stated: “We sincerely thank the National Administration of Financial Regulation for its long-standing firm support for the development of Hong Kong’s capital market and the deepening of financial mutual market access between the mainland and Hong Kong. This new policy broadens diversified channels for mainland insurance funds to allocate overseas assets, demonstrates the country’s resolve to deepen high-level financial opening-up, and also reflects the central government’s support for continuous deepening of financial cooperation between the two sides. We firmly believe that the relevant arrangements will further promote the coordinated development of the two regions’ capital markets.”
7 minutes ago
Xiaomi Group reported Q2 adjusted net profit of 6.219 billion yuan, down 42.6% year-on-year, with revenue reaching 108.9 billion yuan, down 6.1% year-on-year.
Xiaomi Group has released its second quarter 2026 financial report. Revenue for Q2 2026 reached 108.9 billion yuan, a 6.1% year-on-year decline from 115.96 billion yuan in the same period last year. Adjusted net profit stood at 6.219 billion yuan, down 42.6% year-on-year. For the first half of 2026, adjusted net profit totaled 12.291 billion yuan, falling 42.8% year-on-year, while revenue hit 208.063 billion yuan, an 8.4% year-on-year decrease.
7 minutes ago
The largest on-chain short seller of Changxin has paid $3.96 million in funding fees for its short position, with daily rate losses hitting as high as $460,000.
According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest short address for CXMT has paid $3.96 million in funding fees for its short position, currently holding a $24.77 million short order. The estimated daily funding fee payment is $460,000, with accumulated unrealized losses approaching $10 million. If CXMT’s stock price remains sideways and funding rates stay unchanged, its over $20 million in margin will be depleted in approximately 45.5 days. Its liquidation price stands at $15.466.
7 minutes ago
Optical communications sector slumps sharply in U.S. pre-market trading, with COHR and MRVL down around 5%.
According to market data from BIT (bit.com), the US pre-market optical communication sector has slumped sharply, with: Roundhill Optical Module ETF (LYTE) down 4.3%, Pure Photonics ETF (FOTO) down 4.2%, Corning (GLW) down 4.48%, Coherent (COHR) down 5.76%, Marvell Technology (MRVL) down 4.7%, Lumentum Holdings (LITE) down 4.52%, and Ciena Corporation (CIEN) down 3.2%.
7 minutes ago
Baidu’s Q2 earnings missed expectations, with its shares falling over 5% in pre-market trading, as the company advances the conversion to a dual primary listing in Hong Kong.
Baidu Group released its second-quarter financial results, reporting revenue of 31.33 billion yuan, below the consensus estimate of 31.59 billion yuan. Core AI new business revenue hit 12.5 billion yuan in Q2, while adjusted earnings per ADS stood at 7.22 yuan, missing the forecast of 9.75 yuan. Baidu said it is advancing the conversion to a primary dual listing in Hong Kong, with the process expected to take effect within the year. According to market data from BIT (bit.com), Baidu’s US-listed shares fell more than 5% in pre-market trading.
HTX said on Aug. 18 that it is investigating small cryptocurrency transfers received by several addresses after community members attributed the deposits to the exchange.
Summary
HTX said its internal review found no official transfers or testing activity behind reported deposits. Users reported receiving small USDT deposits from addresses labeled as HTX wallets by blockchain services. HTX is examining whether address labels or transaction attribution errors created a misleading origin trail. No transaction list, verified victim count, confirmed loss, or poisoning campaign operator has been disclosed. Reports of frozen accounts remain unconfirmed by HTX and lack publicly available supporting case details. The exchange said its initial internal review found that its official channels had not initiated the transfers or conducted related testing. HTX is now examining the origin of the transactions and whether blockchain address labels or attribution methods produced a misleading connection.
Some users have described the transactions as “address poisoning.” Others reportedly said their accounts faced restrictions after receiving the funds. Neither description has been independently confirmed through transaction records, platform notices or findings from a blockchain security company.
HTX says it did not initiate the disputed transfers HTX responded after community members circulated screenshots of small deposits that appeared to come from exchange linked addresses. One user reportedly received 7.5 USDT in a Coinbase account before being asked to explain the source of the funds, according to a report.
A request for information does not necessarily mean an account has been frozen. Coinbase has not publicly addressed the reported case, and no affected user has published a complete platform notice showing a permanent restriction linked to the transfer.
HTX said it had “not conducted any related transfers or testing activities.” The exchange added that it would not speculate before completing its investigation. It promised to provide the community with confirmed information, although it did not set a deadline.
HTX investigates source of unsolicited deposits, source: X The statement did not identify the blockchain involved, the sending addresses or the transaction hashes. It also did not disclose how many recipients had reported deposits or whether any customer assets were at risk.
Small deposits do not prove address poisoning Address poisoning normally involves an attacker creating an address that resembles one previously used by a target. The attacker then sends a small or zero value transaction so that the lookalike address appears in the target’s transaction history.
The attacker hopes the user will later copy the planted address without checking every character. Chainalysis describes this transaction history manipulation in its security guide.
Small unsolicited transfers alone do not establish address poisoning. Investigators would need to determine whether the sender resembles a trusted counterparty and whether the transaction was intended to manipulate a recipient’s address history.
The current reports contain no verified evidence that recipients later sent assets to lookalike addresses. No losses have been confirmed. No security researcher has publicly connected the disputed transfers to a specific operator.
As previously reported, a user recently lost 100,000 USDT after copying a planted lookalike address from their transaction history. That case included a confirmed misdirected payment, unlike the activity HTX is investigating.
Wallet labels may explain the apparent HTX connection Blockchain transactions identify addresses, but they do not automatically identify the legal entity controlling each address. Explorers and analytics companies assign labels using disclosed ownership information, transaction patterns and address clustering.
Those methods can produce useful leads, but a displayed label is not conclusive proof that the named exchange authorized a transfer. Deposit addresses, consolidation wallets, payment processors and intermediary services can further complicate attribution.
HTX said its investigation would consider “address tagging” and the identification of onchain transfer sources. This leaves open the possibility that third party services attributed a sender to HTX incorrectly or without enough supporting evidence.
The exchange previously published a scam warning about unsolicited 0.001 USDT transfers. It advised users to inspect complete wallet addresses instead of relying on shortened address displays or transaction histories.
The present case also arrives amid wider concerns about automated compliance screening. In related coverage, users reported blocked transactions and frozen funds after compliance services flagged exposure to HTX linked addresses. Those earlier restrictions involved sanctions screening and do not prove a connection to the latest deposits.
Account freeze reports require further evidence Claims that some accounts were “frozen” remain unverified. No exchange has confirmed imposing restrictions because of the disputed transfers, and the available reports do not provide case numbers, notices or affected wallet addresses.
A platform may request information when an automated monitoring system detects an unfamiliar counterparty or a link to a flagged address. Such a review can delay access without proving misconduct by the recipient or the sending address.
The distinction matters because describing every compliance check as a freeze could overstate the event. It could also wrongly suggest that HTX users conducted a coordinated poisoning campaign when neither HTX nor an independent investigator has reached that conclusion.
HTX’s investigation will need to identify the sending addresses, establish who controlled them and explain why they made the transfers. Publishing transaction hashes would allow independent analysts to test the exchange attribution and search for lookalike address patterns.
Until then, users should avoid copying destination addresses from transaction histories. They should verify the full address, use saved address books where available and preserve transaction hashes or account notices for support teams. Interacting with an unsolicited token or unfamiliar contract may introduce separate security risks.
HTX said it would share further findings once confirmed. The exchange has not announced when the review will end or whether it plans to publish a technical report.
DefiLlama data shows Huobi HTX’s net capital inflow over the past 24 hours hit $11.82 million, ranking first among global mainstream centralized exchanges (CEXs). This figure further reflects the market’s sustained focus on Huobi HTX’s platform liquidity and user confidence. Meanwhile, Huobi HTX’s 13th Anniversary Carnival Month is currently underway. Since the event launched, user engagement has steadily risen, with participation exceeding 20,000 users and over 30,000 prize pool rewards distributed. Huobi HTX officials noted that the 13th anniversary is not only a user appreciation initiative but also a key milestone for the platform’s ongoing development and user-centric services. Moving forward, Huobi HTX will continue to prioritize user experience, asset liquidity, and long-term value building, rolling out more anniversary perks and community activities.
Relevant content
Public companies shed 2,501 BTC; Bitmine buys 9,926 ETH as DEX volumes slip
Aug 10–Aug 16, 2026 #LookonchainWeeklyReport ?? Overview Stablecoin supply grew by $40.88M last week, DEX spot volume fell and perp volume fell, while public companies shed 2,501 BTC. ?? Stablecoin Market The total stablecoin market cap increased by $40.88M. ?? Spot & Perps Trading Volume on DEXs DEX spot volume fell 14.13% and perp volume fell 10.49% WoW. ?? Protocol Revenue Protocol revenue edged up 0.09% WoW, while Hydration Lending led weekly revenue growth with a 2085% increase. ?? Last ...
23 minutes ago
$BTC ETF Outflows Hit -$421.76M Weekly; $ETH Gains +$6.58M Today
Anthropic and OpenAI may restrict enterprise API access to their most powerful AI models, sparking concerns over competition risks.
Anthropic and OpenAI are accelerating the rollout of industry-specific AI applications and features. Some enterprise clients fear the two firms may prioritize deploying their most powerful AI capabilities to their own products over making them accessible to external enterprises via APIs. This trend has shifted the dynamic between model providers and enterprise clients from underlying tech collaboration to potential competition. If top-tier model capabilities are increasingly directed toward their own applications, businesses may need to reassess their reliance on AI infrastructure suppliers, supply chain arrangements, and long-term technology strategies.
23 minutes ago
The storage sector’s gains widened at the start of US stock trading, with Kioxia ADR surging 14.6% and SanDisk rising more than 8%.
According to market data from BIT (bit.com), the storage sector extended its gains at the start of U.S. stock trading. Kioxia ADR surged 14.6%, SanDisk (SNDK) rose over 8%, Seagate Technology (STX) gained 1.82%, Western Digital (WDC) advanced 5.8%, Micron Technology (MU) climbed 4.3%, and SK Hynix ADR increased 3.5%.
23 minutes ago
US space concept stocks posted partial gains: LUNR rose nearly 5% after securing a new project, while SpaceX gained 5.4%.
According to market data from BIT (bit.com), U.S. space-themed stocks are seeing a partial rally. Intuitive Machines (LUNR) rose nearly 5% after securing a new project; the company announced it has received authorization from an undisclosed client to launch a multi-satellite communications infrastructure project valued at over $600 million. Rocket Lab (RKLB) gained 6.3%, SpaceX (SPCX) climbed 5.4% to trade at $147, and AST SpaceMobile (ASTS) rose 3.8%.
23 minutes ago
Predict.fun: 52% Probability That Meme Coin "Niulai" Will Reach $75 Million Market Cap Before November
Data from prediction market platform Predict.fun shows that for the forecast question "What will be the market capitalization of meme coin Niu Lai before November 2026?", the probability that Niu Lai’s market cap reaches $50 million is currently the highest at 94%; the probabilities of hitting $75 million, $100 million, and $150 million are 52%, 32%, and 20% respectively. Note: Prediction market probabilities may change in real time with market trades, please refer to the latest data on the platform.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Binance cuts ties with 16 crypto players. Since August 14, 2026, the giant no longer processes their transactions in order to comply with international sanctions related to the war in Ukraine and anti-money laundering requirements. Among the targeted platforms is HTX (formerly Huobi), a global heavyweight in the sector. Under European and American regulatory pressure, Binance now prioritizes compliance over interconnection between exchanges. This decision reveals how sanctions and regulation are beginning to reshape relations between major crypto platforms.
In brief Binance interrupts transfers with a group of crypto exchanges, including the giant HTX, according to a timeline from August 7 to 23, 2026. Any transfer to or from these entities after the deadline will trigger a compliance check that may result in wallet freezing. These restrictions stem from EU and US sanctions targeting circumvention of Russian sanctions and money laundering. Justin Sun qualifies the impact by targeting only European and British residents, while confirming ongoing negotiations with regulators. Binance: a strict execution schedule and a progressive indexing Two distinct execution phases were decided by Binance in its operational schedule. This choice constitutes a gradual but also irreversible break with the targeted entities. The first phase began immediately during the first half of this August. From August 7, the exchange platform cut off access to various financial flows coming from and going to Shelbit and Aban Tether Exchange.
On August 13, this swiftly followed measure led to the exclusion of three other companies: A7 Nigeria, A7 Africa, and PilotFinance Ltd. Indeed, it should be noted that this restriction measure is to take full effect during the second phase, the date of which is set to August 23. From this date, the list of all platforms will expand to include Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode/Exnode Pay, EXMO Ltd., as well as the company Huobi Global SA, operating under the HTX brand.
In practice, the consequences of such an operational ultimatum for Binance users are direct and unambiguous. Thus, the exchange asks its clients to strictly refrain from issuing or receiving funds related to these 16 entities after their respective cutoff dates. For the platform, the date of August 23 is considered a point of no return for all actors on this list.
Thereupon, Binance warned that any transaction attempt related to one of these services beyond the allotted deadline will automatically trigger a compliance review by its internal teams. Such a reinforced control procedure will therefore result in direct restrictive measures or the temporary freezing of the wallets of all affected users, demonstrating the severity of the control implemented to seal the group’s financial circuit.
To provide clear and complete visibility on the various actors excluded from its ecosystem, here is the detailed summary of the 16 entities targeted by Binance’s restriction schedule :
Entities blocked on August 7, 2026 : Shelbit and Aban Tether Exchange ; Entities blocked on August 13, 2026 : A7 Nigeria, A7 Africa, and PilotFinance Ltd ; Entities blocked from August 23, 2026 : HTX (Huobi Global SA), Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode/Exnode Pay, and EXMO Ltd. Accusations of sanction circumvention at the heart of the decision The decision of the world’s leading exchange platform, beyond the technical organization of this block, would stem from numerous accusations made by the European Union authorities as well as the United States Treasury Department. During July, the EU formally imposed sanctions against HTX as well as all other targeted entities except Shelbit and Aban.
European regulators accuse these platforms of actively hindering various financial restrictions imposed on Moscow in the context of the invasion of Ukraine. For them, HTX would notably provide financial services to the company A7 Limited Liability Company, a Russian structure specializing in cross-border payments and linked to the subsidiaries A7 Nigeria and A7 Africa.
Meanwhile, U.S. authorities have imposed sanctions on Shelbit and Aban Tether Exchange. Indeed, they suspect this entity of money laundering and evasion related to sanctions against Iran. As for the United Kingdom, it had also sanctioned HTX at the beginning of the year in connection with its ties to Russia and the publication of illegal financial promotions.
This analysis by the specialized firm TRM Labs revealed in this regard that the exchange platform had rotated its hot wallets and financing addresses to try to evade British financial restrictions, thus accelerating the decision-making of Western regulators.
HTX’s counterattack and the irreversible fracture of the global market Faced with the media and regulatory storm caused by Binance’s announcement, the reaction from HTX’s management, a platform acquired in 2022 by TRON founder Justin Sun through an investment vehicle, was prompt. In a public statement issued on the social network X on Friday, August 14, Justin Sun sought to downplay the operational impact for his group by providing targeted clarifications: “this matter concerns only Binance users in the UK and EU. HTX does not operate in the UK or the EU, and settlement negotiations with British and European regulators are already underway.”
This minimization strategy, however, does not hide the reality of a now divided sector. By confirming the existence of settlement negotiations with European and British authorities, HTX implicitly admits the seriousness of the charges against it. The argument that the platform’s activities remain outside territories under Western jurisdiction highlights the emergence of an imposed impermeability: crypto exchanges can no longer operate indifferently between regulated markets and shadow zones without suffering a direct interoperability break from the ecosystem giants.
Ultimately, this episode marks an irreversible tipping point for the structure of the crypto market. Geographic segmentation of the sector is accelerating, forcing centralized platforms to make a binary choice between strict compliance with Western sanctions and maintaining business relations with jurisdictions under embargo.
While Binance chooses absolute compliance to preserve its licenses and access to the strategic European and British markets, the isolation of platforms like HTX risks creating a lasting fracture between two increasingly impermeable crypto ecosystems. For investors, this new reality demands constant vigilance regarding the origin and destination of their flows, lest their crypto assets become trapped in the gears of international compliance.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Binance has begun restricting user transactions with a growing list of crypto platforms, including major exchange HTX (Huobi) and EXMO, as part of a phased compliance rollout tied to sanctions-related regulatory requirements, the exchange announced Friday.
In a notice to users dated August 14, Binance said it will no longer process transactions, direct or indirect, involving 16 named crypto-asset service providers, effective across three separate dates this month. Users attempting transactions with these platforms on or after the listed dates risk having their wallets flagged for compliance review, with restrictions applied while the review is underway.
The restricted platforms, by effective date:
Effective August 7, 2026:
Shelbit (Shelbit General Trading LLC)Aban Tether ExchangeEffective August 13, 2026:
A7 NigeriaA7 AfricaPilotFinance LtdEffective August 23, 2026:
RapiraAifory Pro (Sooty Ltd.)ABCeX (Nueva Cryptologia S.A.S DE C.V.)WhiteBirdNoOnecrypto INC.Tradex (Brightum LLC)Monease LtdBitPapaExnode, Exnode Pay (Arvix)HTX (Huobi Global SA)EXMO LtdThe inclusion of HTX, one of the world’s larger crypto exchanges by trading volume, and EXMO marks a notable escalation compared with earlier rounds of platform restrictions, which mostly targeted smaller regional players.
Why it’s happening
Binance said the move is driven by “recent regulatory developments” and its obligation to comply with rules in the jurisdictions where it operates. The exchange did not specify which regulator or sanctions regime triggered the restrictions, but several of the named entities, including Shelbit and platforms tied to Africa-focused payment networks, have previously been flagged in reporting on sanctions-evasion networks linked to Iran and Russia.
Binance said the restrictions are intended to help “maintain a safe and secure environment for users and their assets,” and warned that continued attempts to transact with the listed platforms after the effective dates may also constitute a breach of its Terms of Use.
What users should know
Transactions attempted with any listed platform on or after its effective date may trigger a compliance hold on the associated walletRestrictions can remain in place while Binance completes its reviewUsers with questions can contact Binance Support, available 24/7Binance has faced sustained scrutiny over its sanctions-compliance practices in recent months, following reporting that questioned the exchange’s handling of transactions linked to sanctioned entities. The company has pushed back on that coverage, saying its sanctions-related exposure fell 96.8% between January 2024 and July 2025, and that it has expanded its compliance team to more than 1,500 people, roughly a quarter of its global headcount.
The rolling platform bans announced this week appear to be part of the same broader compliance push, extending restrictions to a wider set of exchanges and payment processors as regulatory pressure on the sector continues to build globally.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Binance will stop transactions involving HTX, EXMO and nine other crypto platforms from August 23. The exchange cited recent regulatory developments as it expands compliance restrictions across several markets.
Binance Sets August 23 Transaction Restrictions Binance said the August 23 restrictions will cover HTX, formerly Huobi, alongside Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and EXMO. The exchange cited changes in regulatory requirements and protection of user assets for the decision.
Users should avoid sending crypto to the affected platforms or receiving assets from them. Binance may review transactions linked directly or indirectly to these companies. The exchange may also restrict related wallets while it completes compliance checks.
Similar measures already apply to several other platforms. Restrictions on Shelbit and Aban Tether Exchange started on August 7. Binance added A7 Nigeria, A7 Africa and PilotFinance Ltd to the list on August 13.
HTX Faces Sanctions-Related Restrictions The European Union added HTX to a sanctions package targeting Russia in July. The UK government had already designated Huobi Global S.A. in May. UK authorities cited suspected financial services or resources provided to A7 LLC and Garantex Europe OU.
HTX challenged the scope of the UK action. The company said the designation covered Huobi Global S.A. as a separate legal entity. HTX also maintained that the measure did not affect its online exchange or customer funds.
The UK’s Office of Financial Sanctions Implementation later took a different position. The agency said the sanctions also covered the HTX exchange because Huobi Global owns the platform.
TRM Labs separately raised concerns about frequent movements between HTX wallet addresses. The firm reported that some addresses operated for only several hours before activity moved elsewhere. Such changes can make screening based on fixed address lists harder.
HTX rejected claims that the wallet movements aimed to avoid sanctions screening. A company spokesperson described the transfers as routine security procedures used across the crypto industry.
Binance Expands Crypto Compliance Measures Earlier restrictions on Shelbit and Aban Tether followed U.S. sanctions announced on August 7. U.S. authorities accused both platforms of handling cryptocurrency linked to Iranian sanctions-evasion networks.
Authorities said wallets linked to Iran’s Islamic Revolutionary Guard Corps sent more than $1 million to Shelbit addresses. They also alleged that Shelbit-linked wallets transferred over $2 million to addresses controlled by the organization.
U.S. authorities separately accused Aban Tether of processing millions of dollars involving sanctioned Iranian crypto exchanges. Those platforms included Nobitex, Wallex, Bitpin and Ramzinex.
Binance may hold transactions attempted after each restriction date for additional review. The exchange can also restrict affected wallets until its compliance teams complete those checks.
For those seeking compliant platforms amid changing EU rules can explore the best regulated crypto exchanges in Europe for their trading needs.
HTX, formerly Huobi, was a prominent crypto exchange that Justin Sun took control of in 2022. In 2023, a series of events caused Huobi to rebrand as HTX.
More recently, HTX has faced sanctions allegations over activity in Russia. In May, the Financial Conduct Authority (FCA ) designated Huobi Global/HTX as providing financial services or resources to Russia-linked firms. Last month, the EU followed suit.
The FCA has also alleged illegal financial promotions. HTX is no longer authorized to operate in the UK.
In the US, Huobi/HTX has been banned for years.
Zumo founder and CEO Nick Jones says the FCA is “baring its teeth ” ahead of its authorization gateway, scheduled to launch next month, before its crypto regulatory regime goes into effect in October.
“By pursuing HTX for Financial Promotions breaches, the regulator is signaling the end of enforcement-free marketing for overseas crypto firms and forcing compliance across the sector. As the first-ever enforcement action of its kind against an offshore exchange, these High Court proceedings effectively demonstrate that the FCA is serious about shielding UK retail consumers from unapproved financial risk, and that its reach can extend to anyone marketing to UK citizens,” says Jones. “It also shows the industry is maturing. We’re seeing the end of offshore provision, start-up-style business processes, and unregulated business models. Financial institutions see authorization as a real game changer; one that will fully unlock their growing appetite for digital assets. As the industry steps onshore, providers will need access to critical partner infrastructure that can act as a bridge to the scaling UK market.”
The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 will bring a range of crypto activities into the FCA’s regulatory perimeter for the first time. Previously, oversight was limited mainly to anti-money laundering (AML) registration and financial promotions rules.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
In an official announcement, Binance stated that in light of recent changes to regulatory requirements, it will phase out processing of transactions involving certain crypto asset service providers or platforms to maintain ongoing compliance with relevant rules and safeguard user assets.
The restrictions took effect for Shelbit and Aban Tether Exchange on August 7; A7 Nigeria, A7 Africa, and PilotFinance Ltd were added to the list with effect from August 13. Effective August 23, additional entities subject to the measures include Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode, Exnode Pay, HTX (Huobi Global SA), and EXMO Ltd.
Binance warned that after the respective effective dates, users should avoid transferring assets to, receiving assets from, or conducting any other transactions with the above-mentioned entities directly or indirectly via Binance. Any user attempting such transactions may face additional compliance reviews, during which associated wallets could be restricted, and the activity may violate Binance’s Terms of Use.
Binance noted that these measures are designed to fulfill its regulatory and compliance obligations in the jurisdictions where it operates, as well as maintain a secure trading environment for users and protect their assets.
Relevant content
JPMorgan Chase upgrades Sandisk's rating to Overweight, with a target price of $2,250.
According to CNBC, JPMorgan Chase has upgraded its rating on SanDisk (SNDK) from Neutral to Overweight, setting a $2,250 target price that implies roughly 47% upside from Thursday’s closing level. SanDisk’s stock has surged 544% so far this year. JPMorgan analyst Harlan Sur noted that the rapid growth of AI inference is driving a structural inflection point in NAND demand, leaving SanDisk uniquely positioned to benefit. The acceleration of AI applications has lifted storage demand and created supply tightness. At its New York Investor Day, SanDisk disclosed it will adopt a new business model including structured pricing mechanisms and advance payment agreements with major clients. JPMorgan said this framework is expected to boost the company’s profit margins and reduce its business cyclicality. To date, SanDisk has signed 8 related long-term agreements, with a total contract value of approximately $94 billion based on the price floor, and a weighted average contract term of over four years. LSEG data shows that among the 25 analysts covering SanDisk, 22 have assigned a Buy or Strong Buy rating, while the remaining 3 have given a Hold rating.
5 minutes ago
Kraken's parent company Payward reported a 71% year-on-year drop in pre-tax profit to $23 million in the second quarter.
According to Bloomberg, Payward Inc., parent company of crypto exchange Kraken, reported an adjusted pretax profit of $23 million in the second quarter, down 71% year-over-year from $79.7 million in the same period last year. Adjusted revenue rose 17% YoY to $508 million, while total platform trading volume reached $310 billion, an 18% YoY decline. Payward said the number of funded accounts grew 42% YoY to 6.6 million in Q2, hitting an all-time high. Co-CEO Arjun Sethi noted that as spot trading volumes in the crypto industry fell, Kraken’s traditional futures, equities and tokenized equities businesses all grew, with the firm’s spot market share rising for three consecutive quarters. Against the backdrop of slowing crypto market trading activity, multiple exchanges are expanding into derivatives and real-world asset-related trading. Payward laid off roughly 150 employees earlier this year, adding that AI technology adoption has improved operational efficiency. Bloomberg previously reported that Payward’s highly anticipated initial public offering (IPO) could occur as early as later this year, or may be delayed until early 2027.
5 minutes ago
Cumberland transferred 3.72 million UNI tokens to CEXs in nearly 23 hours, worth approximately $12.63 million.
According to on-chain analyst Yu Jin’s monitoring, approximately 3.72 million UNI tokens (valued at around $12.63 million) were transferred by market maker Cumberland to trading platforms including Binance, Coinbase, OKX, and Bybit over the past 23 hours. During the same period, UNI’s price fell from $3.59 to $3.22, a decline of roughly 10%.
5 minutes ago
Prominent trader: If BTC falls below $60,000, it may further dip below $57,000 in August.
Prominent crypto trader Killa noted in a post that Bitcoin has been in a steady downtrend leading up to August 14, with the key focus now being whether it can hold its current trading range and stay above $60,000. He believes that if BTC continues to trade above $60,000, a short-term low may form near the current price zone. Conversely, if BTC breaks below $60,000 and loses its current range, the likelihood of further declines over the remainder of August will rise significantly. A break below $60,000 from its current position could push BTC down to below $57,000. On the flip side, if Bitcoin retains its technical structure after August 14 and reclaims the $61,000 to $62,000 level, Killa predicts it may rebound within its range for the rest of the month.
5 minutes ago
SK Group's top executive pay revealed: Choi Tae-won earns 1.75 billion won in half a year.
According to South Korean media reports, SK Group Chairman Choi Tae-won received 1.75 billion won (approximately $1.24 million) in compensation from SK Inc. in the first half of this year. The information was disclosed in SK Inc.’s half-year report released on August 14, per an announcement from the Financial Supervisory Service. The chairman’s first-half compensation was flat year-on-year, with no bonuses received beyond his salary. Choi Jae-won, the chairman’s younger brother and SK Group’s vice chairman, earned 1.5 billion won during the same period. SK Inc. President Jang Yong-ho took home a total of 1.8 billion won, including 1 billion won in salary and 800 million won in bonuses. Additionally, Yoon Pung-young, head of the SK Supex Pursuit Council, was revealed to have received 7.715 billion won overall: 500 million won in salary, 800 million won in bonuses, and 6.415 billion won in compensation from 12,103 performance stock units (PSUs) granted three years ago.
5 minutes ago
Strategy and Metaplanet may face removal from the MSCI index, with the decision expected to be announced in October.
MSCI is soliciting feedback on a new non-operating company identification methodology, a proposal that could result in Strategy and Metaplanet being removed from MSCI’s global investable market indices. Based on MSCI’s simulation using May 2026 data, Strategy, Metaplanet, and uranium investment firm Yellow Cake would be excluded from the MSCI All Country World Index Investable Market Index (ACWI IMI), while companies including SharpLink would be placed on a public watchlist.
The new methodology adopts a two-step screening process. Companies first undergo an operating asset structure test; if they fail, they are evaluated based on five metrics: operating asset ratio, expense intensity, operating cash flow, fair value changes, and capital dependence. Failing the core test and triggering at least four exclusion criteria simultaneously may deem a company ineligible for index inclusion.
For companies already included in indices, MSCI plans to apply relatively lenient thresholds, requiring failure to pass screening for two consecutive annual reporting periods before removal. Strategy’s free-float adjusted market capitalization in the May 2026 simulation stood at $23.9 billion, making it the largest company flagged for potential removal.
MSCI noted that the proposal will not immediately alter index constituents, as it is soliciting feedback from market participants through September 30, with consultation results expected to be released by October 16. JPMorgan analysts previously estimated that Strategy’s exclusion from MSCI indices could trigger roughly $2.8 billion in passive fund outflows.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
AI chip maker Cerebras Systems falls 17.3% in pre-market trading on US stocks.
According to BIT (Bit.com) market data, shares of AI chip maker Cerebras Systems fell 17.3% in pre-market trading on US stocks, as the company's second-quarter revenue missed expectations.
6 minutes ago
Changxin Technology has surpassed Tencent Holdings to become China’s largest listed company by market capitalization.
Changxin Technology closed today with a market capitalization of 3.54 trillion yuan. As of Hong Kong's market close, Tencent Holdings (00700.HK) fell 4.46%, posting a market cap of 4 trillion Hong Kong dollars, equivalent to approximately 3.44 trillion yuan. Changxin Technology has surpassed Tencent to become China's largest listed company by market capitalization.
6 minutes ago
Iran: Will Wear Down the U.S. Through a Protracted War
In an interview broadcast on U.S. public television PBS on August 11 local time, Mohammad Reza Naghdi, advisor to the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps (IRGC), stated that the two main goals of the U.S. war against Iran—overthrowing Iran’s leadership and splitting the country—have “already failed,” adding that “victory is on Iran’s side.” Naghdi pointed out that the U.S. has displayed confusion and uncertainty in this conflict, saying, “The U.S. keeps announcing new goals every few days, turning this into a war without strategy.” He also emphasized that Iran will continue to achieve victories. Over more than five months of confrontation with the U.S., Iran has not only accumulated experience but also found that U.S. military forces are weaker than expected. Iran must achieve deterrence to ensure enemies never dare attack it again, and one way to do this is to “prolong the war” to wear down the U.S., so that anyone considering attacking Iran in the future “will first weigh the cost they will have to pay.” (Source: CCTV International News)
6 minutes ago
South Korea's sovereign wealth fund KIC has made its first investment in Circle, holding a stake valued at $4.1 million in the second quarter.
Korea Investment Corporation (KIC) has made its first investment in Circle, a stablecoin issuer. Data disclosed by the U.S. Securities and Exchange Commission (SEC) shows that as of the second quarter of 2026, KIC held 65,443 shares of Circle, with a holding value of approximately $4.099 million (equivalent to about 5.83 billion South Korean won). Previously, KIC’s holdings of crypto-asset-related companies included Strategy, Coinbase, Block, Robinhood, and Riot Platforms. In Q2 2026, KIC reduced its stakes in Strategy, Coinbase, and Riot Platforms, while increasing positions in Block and Robinhood. The total value of its related U.S. stock holdings rose 27% from $132 million in Q1 to $168 million. Specifically, Strategy’s holding value dropped 32% from $10.61 million to $7.17 million; Coinbase’s fell 30% from $52.99 million to $36.93 million; Block’s surged 58% from $17.25 million to $27.34 million; Robinhood’s jumped 92% from $45.88 million to $87.96 million; and Riot’s rose 70% from $4.95 million to $8.42 million.
6 minutes ago
Most large-cap US tech stocks rose in pre-market trading, with SK Hynix down 0.8%.
According to BIT (Bit.com) market data, most large-cap US tech stocks advanced in pre-market trading. SpaceX rose 0.4%, Meta, Amazon, Micron Technology, and Google Class A gained 0.2%, Apple added 0.1%, Tesla and Nvidia remained unchanged, Microsoft dropped 0.4%, and SK Hynix fell 0.8%.
6 minutes ago
Hong Kong stocks closed, with the Hang Seng Index down 0.17% and the Tech Index up 0.33%.
Hong Kong stocks closed: The Hang Seng Index fell 0.17%, while the Hang Seng Tech Index rose 0.33%. Tencent Holdings (00700.HK) closed down 4.46% after releasing its earnings results. Lenovo Group gained 20.179%, Zhipu rose 9.023%, and MINIMAX-W advanced 5.988%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
US crypto-related stocks were broadly lower in pre-market trading, with Coinbase down 1.25% and Circle down 5.45%.
According to Bit.com (BIT) market data, most U.S. crypto-related stocks declined in pre-market trading. SharpLink (SBET) fell 1.52%, Bitmine Immersion (BMNR) dropped 2.20%, Bullish (BLSH) declined 1.33%, Circle (CRCL) fell 5.45%, Strategy (MSTR) dropped 1.23%, and Coinbase (COIN) declined 1.25%. Circle posted the largest pre-market decline among the group.
5 minutes ago
Survey: Switzerland's cryptocurrency usage rate reaches 23%, more than twice that of Germany.
Bearingpoint’s latest survey reveals that 23% of Swiss adults use cryptocurrencies at least occasionally — a rate notably higher than Austria’s 18% and Germany’s 11%. Furthermore, 37% of Swiss respondents view cryptocurrencies as worthy investments, 45% think they could become international trade or reserve currencies in the future, and 44% are willing to use central bank digital currencies (CBDCs); all these proportions exceed those of Germany and Austria. The report points out that since Switzerland enacted the DLT Act in 2021, it has developed a mature crypto ecosystem, with Crypto Valley home to 1,749 blockchain and DLT enterprises. Germany, meanwhile, plans to expand crypto asset services via traditional banking channels including DZ Bank and Dekabank to close the adoption gap with Switzerland.
5 minutes ago
Bithumb will suspend EGLD deposits and withdrawals to support the MultiversX network upgrade.
According to official announcements, to support the MultiversX (EGLD) network upgrade, Bithumb will suspend EGLD deposit and withdrawal services starting from August 6 at 18:00 KST. The upgrade is scheduled to take place at 2:00 KST on August 7, and deposit/withdrawal services will resume once the network stabilizes. Trading functions remain unaffected.
5 minutes ago
Bitwise’s SOL ETF has accumulated nearly $900 million worth of SOL in purchases, accounting for nearly 80% of the total capital inflow into U.S. SOL ETFs.
According to data from Arkham, Bitwise’s BSOL ETF has accumulated purchases of approximately $891.9 million worth of SOL. BSOL is currently the largest SOL ETF, attracting nearly 80% of the inflows into the U.S. SOL ETF market.
5 minutes ago
Bank of Korea Purchases Refined Gold Bars for First Time in 13 Years
The Bank of Korea (BOK) said Monday it will partner with LS MnM, Korea Exchange (KRX), and Korea Securities Depository (KSD) to purchase domestically produced gold for the first time in 13 years via over-the-counter (OTC) transactions. The move comes as geopolitical risks have heightened South Korea’s need to diversify its foreign exchange reserves. LS MnM and Korea Zinc produce around 40 to 45 tons of gold annually as a smelting byproduct, with roughly 10% exported. The central bank noted it will consider using KRX’s trading and settlement systems and the warehousing facilities currently under development by KSD to purchase some of the exported gold, provided relevant companies submit applications. The BOK said it will arrange bulk transactions after prior consultations on price and volume to limit impacts on domestic gold prices, adding the new channel should reduce foreign exchange risks, as previous overseas gold purchases were paid in U.S. dollars. Additionally, the central bank acquired a small amount of gold ETFs in the second quarter. As of July, its gold holdings remained unchanged at 104.4 tons. South Korea’s foreign exchange reserves stood at $427.36 billion at the end of June, including $4.79 billion in gold reserves. (Jin10)
5 minutes ago
Yuezhi Anmian (Kimi) responds to Hong Kong IPO rumors: the news is untrue.
On August 3, Kimi (Yuezhi Anmian) plans to submit its Hong Kong IPO application as early as this month, with a potential fundraising of around $3 billion. In response, Kimi stated that the news is untrue.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A crypto whale transfers 5,000 ETH held for two years to Binance, posting an unrealized loss of $5.63 million.
According to Yu Jing Monitoring, a crypto whale accumulated 9,891 ETH via Binance in 2024 at an average price of roughly $3,011. After holding the position for two years, the whale opted to cut half of their position at a loss, transferring 5,000 ETH (worth around $9.42 million) to Binance an hour ago, with an unrealized loss of $5.63 million.
Core Scientific increases its Bitcoin holdings by 301, bringing its total BTC holdings to 848.
AI data center service provider Core Scientific disclosed that it has recently added 301 Bitcoin to its holdings, bringing its total Bitcoin holdings to 848.
4 minutes ago
US storage sector plummets, SanDisk drops over 16%
According to market data from BIT (bit.com), the U.S. stock storage sector has plummeted, with individual stocks recording the following declines: Seagate Technology (STX) down 13.34%; Western Digital (WDC) down 14.58%; SanDisk (SNDK) down 16.76%; Micron Technology (MU) down 11.83%; SK Hynix ADR down 9.37%.
4 minutes ago
Dell Technologies plunged 13.5%
According to market data from BIT (bit.com), Dell Technologies (DELL.N) is on track to record its largest single-day drop since April 2025, currently down 13.5%.
4 minutes ago
AI voice startup Fish Audio closes $50 million seed round.
According to TechCrunch, Fish Audio announced Tuesday that it has closed a $50 million seed funding round. The round was led by Coreline Ventures and Capital Today, with participation from investors including 359 Capital, Parable, Play Time, Alphalist Partners, Bayhouse Ventures, Carya Venture Partners, and HF0. Fish Audio originated as a small project launched by Shijia Liao, a former NVIDIA researcher. Dissatisfied with the lack of high-performing synthetic speech technology in the market, Liao trained a speech generation model using a single GPU and open-sourced it. Today, the Fish Speech project repository has earned over 31,000 stars on GitHub, and is widely used by independent developers, game designers, and content creators. Over the past year, Fish Audio has rolled out 5 models: 4 speech generation models and 1 speech-to-text model. The company has open-sourced 3 of the speech generation models, while its latest S2.1 Pro model is currently only accessible via a paid API. Since its launch last year, the startup’s open-source and hosted model versions have attracted over 8 million users, with annual recurring revenue (ARR) hitting $21 million.
Ethereum Treasury Stocks Rise Collectively in Pre-Market Trading
According to market data from BIT (Bit.com), Ethereum treasury concept stocks were broadly higher in pre-market US equity trading. As of press time, BitMine Immersion Technologies (BMNR) traded at $16.767, up 6.18%; SharpLink Gaming (SBET) stood at $6.111, gaining 5.18%; and Bit Digital (BTBT) was priced at $1.438, with a 4.99% rise.
7 minutes ago
Binance will delist some leveraged trading pairs on July 30.
According to an official announcement, Binance Leverage will remove the following leveraged trading pairs at 14:00 (GMT+8) on July 30, 2026: Cross margin leveraged trading pairs: A/USDC, HIVE/USDC, ILV/USDC, NEWT/USDC, MOVE/USDC Isolated margin leveraged trading pairs: A/USDC, HIVE/USDC, NEWT/USDC, MOVE/USDC
7 minutes ago
US stock market's optical module sector rises collectively in pre-market trading.
According to market data from BIT (Bit.com), the optical module and optical communication sectors saw broad gains in the U.S. pre-market session. As of press time, Coherent (COHR) traded at 291.800, up 3.33%; Lumentum (LITE) at 788.980, up 3.41%; Applied Optoelectronics (AAOI) at 104.230, up 4.07%; Nokia (NOK) at 9.370, up 2.97%; and Marvell Technology (MRVL) at 201.730, up 3.86%.
7 minutes ago
Bank of America: August to October could be the toughest period for US stocks this year, with defensive assets such as gold and the US dollar likely to benefit.
US Bancorp Securities technical analyst Paul Ciana released a report noting that historical data shows August to October is typically the weakest rolling three-month period for the S&P 500, meaning US stocks may face their toughest phase of the year. The report points out that since 1928, the S&P 500 has delivered an average return of nearly zero (-0.02%) during August-October, with gains recorded in only 55% of years. This period also sees the largest average drawdown of any rolling three-month window, hitting 7.35%. Ciana emphasized that seasonal weakness does not indicate a reversal of long-term trends. Historical data shows November through January is a traditional strong window for US stocks, with the S&P 500 averaging a 3.54% gain. On the asset front, Bank of America (BofA) believes defensive assets such as the US dollar, US Treasuries, and gold tend to outperform during August-October. Gold has risen 61% of the time in this window since 1992, with an average gain of 2.52%; yields on the 30-year US Treasury have historically trended downward. Energy assets may be an exception to late-summer trends. The Bloomberg Energy Index has posted an average historical gain of 2.42% in August, and crude oil prices also tend to find support in late August. BofA cautioned that investors should monitor risks from seasonal volatility and allocate to defensive assets to hedge against potential market pullbacks.
7 minutes ago
Brent crude oil's intraday decline has widened to 8.77%
According to Bitget's market data, Brent crude oil has fallen below $85 per barrel, posting an intraday decline of 8.77%.
7 minutes ago
ChangXin topped the A-share market capitalization leaderboard on its first day of trading, with its five major shareholders logging an unrealized paper profit of around 1.42 trillion yuan.
Leading domestic DRAM giant Changxin Technology (688825.SH) debuted on the STAR Market, closing at 49.00 yuan, surging 465.82% from its IPO price of 8.66 yuan. The company notched a full-day trading volume of 141.187 billion yuan, with a total market capitalization of around 3.28 trillion yuan, making it the A-share market’s highest-valued listed company by total market cap. Estimated based on post-IPO shareholdings disclosed in the listing prospectus and the day’s closing price, Qinghui Jidian holds shares worth approximately 639.1 billion yuan, with a value gain of about 526.2 billion yuan versus the IPO price. Changxin Integrated Circuit, Phase II of the National Integrated Circuit Industry Investment Fund, Hefei Jixin, and Anhui Provincial Investment hold shares valued at 345.3 billion yuan, 257.5 billion yuan, 246.8 billion yuan, and 233.3 billion yuan respectively, translating to paper gains of roughly 284.3 billion yuan, 212 billion yuan, 203.2 billion yuan, and 192 billion yuan. The top five shareholders’ combined paper gains total approximately 1.42 trillion yuan. The listing prospectus also notes that STAR Market new listings have no price fluctuation limits for the first five trading days, while original shareholders’ shares are subject to lock-up periods ranging from 12 to 36 months. The aforementioned value increases are paper gains calculated based on secondary market closing prices.
HTX Named in EU's Latest Russia Sanctions PackageCryptocurrency exchange HTX was sanctioned by the European Union on Thursday as part of the bloc's latest effort to tighten pressure on Russia's financial system. HTX was included in a list of 18 companies providing crypto services, and was formerly known as Huobi, established in China in 2013. Hong Kong-based billionaire Justin Sun (@justinsuntron) bought a controlling stake in the exchange in 2022.
The EU said the 18 listed companies helped Russians evade sanctions. EU authorities included the crypto companies in the bloc's 21st sanctions package against Russia over the war in Ukraine. The EU's latest sanctions package against Russia over its war in Ukraine targets banks, cryptocurrency networks, oil traders, the shadow fleet, and Russian energy revenues.
The EU's sanctioning of HTX does not amount to a full designation and does not include an asset freeze. Instead, the listing bans EU operators from transacting with the exchange, placing a compliance burden on European counterparties without directly freezing HTX's assets.
UK Action Came First, HTX Pushed BackHTX had already faced sanctions in the United Kingdom. On May 26, British authorities targeted Huobi Global S.A., the Panama-based company behind HTX, over alleged financial services involving A7 and Garantex, two entities previously sanctioned over their links to Russia. The UK Foreign Office alleged that HTX provided services to A7, a payments network backed by Russian state-controlled Promsvyazbank, and Moscow-based crypto exchange Garantex. British restrictions included an asset freeze and barred UK companies from processing payments or maintaining financial relationships with the designated entities.
The UK government suspects HTX of channeling over $1.5 billion to Russia to help the regime bypass international trade blockades. HTX responded to the UK action by arguing that Huobi Global S.A. was a legally distinct Panama entity, separate from the trading platform itself. HTX argued that the UK action targeted Huobi Global S.A. as a distinct legal entity and that the trading platform's operations remained unaffected. The EU's latest listing places both HTX and Huobi Global S.A. side by side, making that distinction harder to sustain.
The sanctions are the latest sign of countries cracking down on the use of crypto to move funds outside the mainstream financial system. HTX is the largest exchange yet caught in the Russia sanctions net, and the coordinated EU and UK actions signal that offshore platforms of any scale are now within reach of Western enforcement.
HTX did not immediately respond to a request for comment.
Sources:
Reuters via Euronext: Crypto exchange HTX included in EU's Russia sanctions
Finance Magnates: EU Adds HTX to Russia Sanctions Two Months After UK's Action
Chainalysis: UK Sanctions Crypto Companies With Russia Ties
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
HTX Research Head and Lead Analyst Andy Liu recently guested at Huobi’s Expert Lecture Hall, delivering a presentation themed “Q3 2026 Outlook: The New Order of the Crypto Market Amid Global Liquidity Repricing”. He noted that BTC is no longer merely a native crypto asset, but a proxy for global U.S. dollar liquidity. The three core variables driving BTC’s performance in Q3 are: liquidity for direction, ETFs for elasticity, and the U.S. dollar for risk. On Ethereum, Andy Liu highlighted that the current issue facing Ethereum is not whether its ecosystem is growing, but whether that growth can translate into value for ETH. In the medium to long term, Ethereum remains one of the most critical settlement and application infrastructures in crypto. However, in the short term, ETH must re-prove that ecosystem growth can be converted into ETH value. Thus, the core assessment for ETH in Q3 is: regulation for direction, DeFi for elasticity, and fees and burns for confirmation.
Relevant content
Native Markets Discontinues USDH, Will Continue to Support 1:1 Redemptions and Exchanges in the Coming Months
According to official announcements, Native Markets has announced that the USDH official website has been sunset. Over the coming months, users will still be able to redeem and exchange USDH for U.S. dollar assets at a 1:1 ratio via the redemption page provided by the Bridge. Native Markets stated that the final exit procedures for USDH and related information will continue to be made available through the USDH official website.
4 hours ago
Hackers Attack Kenya's Presidential Official Website, Demand 5 Bitcoin Ransom
Kenya's government is investigating the hacking incident targeting President William Ruto's official website. On July 18, attackers briefly altered the president's official site page and demanded a ransom of 5 BTC, threatening to leak undisclosed data if not paid. Kenya's Cabinet Secretary for Information, Communication and Digital Economy stated that the government has activated its cybersecurity response mechanism and is conducting a forensic investigation in collaboration with relevant agencies. There is currently no evidence indicating unauthorized access to or leakage of sensitive data, and government digital services remain operational.
4 hours ago
Bitcoin mining firm LM Funding rebrands as PowerCompute, shifting focus to AI computing power infrastructure.
Bitcoin mining company LM Funding America (NASDAQ: LMFA) announced it will rebrand to PowerCompute Inc. and adopt a new stock ticker "PWCM" effective July 22. The company stated that the rename marks its strategic transformation, as it leverages its existing 26 megawatts (MW) of owned power infrastructure to expand into high-performance computing (HPC) and artificial intelligence (AI) infrastructure businesses. Currently, the firm operates two facilities in Oklahoma and Mississippi, U.S., with 26 MW of power capacity, and plans to provide infrastructure services to AI computing clients. It will also continue holding Bitcoin assets as part of its balance sheet.
4 hours ago
U.S. Strategic Petroleum Reserve stocks have fallen to their lowest level since 1983.
U.S. Strategic Petroleum Reserve (SPR) crude oil inventories fell by approximately 5.1 million barrels last week, dropping to 311.4 million barrels, the lowest level since 1983.
4 hours ago
Morgan Stanley: As memory shortage intensifies, DRAM prices may rise by at least 25% quarter-on-quarter in the third quarter.
Morgan Stanley analyst Joseph Moore noted that following discussions with multiple data center procurement personnel last week, the current tight memory supply shows no signs of easing. DRAM and other memory products are expected to rise by at least 25% on a comparable basis from the second quarter to the third quarter, a figure higher than previous forecasts from Morgan Stanley and third-party institutions. Moore added that the memory shortage could further deteriorate in 2027 and 2028, as AI demand is consuming massive DRAM capacity, squeezing supplies for other sectors such as PCs and smartphones. Morgan Stanley further holds that the current market is not only grappling with surging memory demand driven by AI, but insufficient memory supply itself is emerging as a key bottleneck limiting AI expansion.
4 hours ago
The US military said it has forced seven commercial vessels to divert course and disabled one to restrict access to Iranian ports.
U.S. Central Command said that as of July 20, U.S. military forces have forced seven commercial vessels to alter their routes and disabled one merchant ship to prevent vessels from entering or leaving Iranian ports. (Jinshi)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
