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.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance is excited to introduce the Trade Missions Campaign for eligible Binance users in Turkey, Tunisia and Morocco. During the Campaign Period, eligible users can complete simple trading missions on Convert, Spot, and Futures to earn up to 20 USDC in reward vouchers. This campaign is designed to help users take their first trading step with clear and simple product-based missions. Users may qualify for one or more missions, depending on their historical trading activity. Campaign Period: 2026-09-03 07:00 (UTC) to 2026-09-29 20:59 (UTC) How to Participate: Step 1: Log in to your Binance account and complete identity verification (KYC). Step 2: Click [Join] on the campaign page to confirm your participation. Step 3: During the Campaign Period, complete one or more trading missions to earn rewards. Note: Eligible users may qualify for one or more missions depending on their historical product usage. Campaign Missions and Rewards: Eligible users can complete the following missions to receive rewards: MissionsEligibility CriteriaRequirementReward per Eligible User (in USDC Token Vouchers)Mission 1Users who have never traded on Spot, Futures, Convert, or Margin before the Campaign PeriodComplete $10 or more in Convert trading volume5 USDCMission 2Users who have never traded on Spot before the Campaign PeriodComplete $100 or more in Spot trading volume5 USDCMission 3Users who have never traded on Futures before the Campaign PeriodComplete $100 or more in Futures trading volume10 USDC Note: Maximum reward per eligible user is up to 20 USDC in token voucher rewards. Reward Distribution: Token vouchers will be distributed to eligible users within 72 hours after mission completion. Only users who successfully join the campaign via the campaign page will be eligible for rewards.Rewards are limited, with a total prize pool of 20,000 USDC, and will be distributed on a first-come, first-served basis. Why Join This Campaign: The Trade Missions campaign offers a simple way for new users to explore Binance trading products and complete their first eligible trade. By participating, eligible users can: Start trading with clear and easy-to-follow missionsExplore Convert, Spot, and Futures productsEarn rewards for completing eligible first-trade milestonesEnjoy a more engaging onboarding experience on Binance Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions.In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification (KYC) during or before the Campaign Period and whose identity verification countries are in the following countries/regions: Turkey, Morocco, Tunisia, can qualify for rewards in the Campaign, if required.Only users who click the [Join] button on the campaign page and confirm participation will be eligible for rewards.Users must complete the relevant trading mission during the Campaign Period to qualify for the corresponding reward.Rewards are limited, with a total prize pool of 20,000 USDC, and will be distributed on a first-come, first-served basis.Eligibility for each mission will be determined based on users’ historical trading activity and Binance’s internal campaign eligibility logic.Users may qualify for one or more missions, but only if they satisfy the eligibility criteria for each relevant mission.Reward vouchers will be distributed within 72 hours after eligible mission completion, subject to risk assessment and reward availability.The products or features referred to above may not be available in your region. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Each sub-account will not be viewed as an independent account when participating in this Campaign. Sub-accounts’ trading volume may be combined with the master account’s activity, where applicable.Binance reserves the right to disqualify any participants showing signs of fraudulent behavior, including but not limited to wash trading, self-dealing, market manipulation, or bulk account registration. Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this Activity, the eligibility terms and criteria, the reward structure, and the timing of reward distribution, and all participants shall be bound by these amendments. Thank you for your support! Binance Team 2026-09-02
The WhatsApp remittance service settles most transfers in USDC without its customers ever touching crypto, and now plans to add lending and savings on the same infrastructure.
Félix Pago Raises $200 Million in a16z-Led Round
Posted September 2, 2026 at 9:11 am EST.
Félix, the WhatsApp remittance service for Latinos in the United States, said Tuesday it raised $200 million in new financing: $87 million in equity led by Andreessen Horowitz, which announced the investment the same day, and a $113 million credit facility from General Catalyst’s Customer Value Fund. QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst joined the equity round, according to a statement shared with Unchained.
The money moves on stablecoin rails Félix’s customers never see. Behind the chat window, most of Félix’s transactions settle in USDC, and partner firms pay the recipient out in their own currency, wrote Ali Yahya, a general partner at a16z crypto, and Noah Levine, an investing partner at the firm. “Customers do not need to interact with crypto directly,” they wrote.
Beyond Sending Money Home The new capital is meant to widen a business built on a single product. Félix said it plans to develop lending and savings through third parties, expand remittances and mobile credit and data purchases, and spend on the artificial intelligence and financial infrastructure behind what it calls a Cognitive Financial Companion, a conversational layer on WhatsApp meant to work out which financial product a customer needs from the way they describe the problem. Its statement describes what the companion will do “when launched.”
“Traditional financial institutions often start with the product they want you to use. We want to start with the person,” said Manuel Godoy, co-founder and CEO of Félix. “You tell Félix what you need, in your own words, and we help you figure out the rest.”
Félix said it has processed more than $8 billion in transactions for over six million people since its founding in 2020, and said revenue grew more than 2.5x over the past year. It operates in eleven Latin American markets, including Mexico, Colombia, Brazil and Peru, and said its payout and distribution partners include Walmart, UniTeller, Intermex, Visa, Stripe, Mastercard and Checkout.com. It runs no physical branch network.
The raise lands while remittance incumbents adopt stablecoins of their own. Western Union took its USDPT stablecoin live on Solana in May, issued by Anchorage Digital Bank, and said it was developing settlement with its global agents and a consumer product for later in 2026.
“Félix has packaged two frontier technologies, AI and blockchain networks, into something simple and consumer-friendly: a better way to send and receive money,” Yahya said in the statement.
Related Listen: How Cory Klippsten Would Decide How to Secure Bitcoin Post-Coldcard
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Félix, a remittance service leveraging WhatsApp for Latinos in the United States, announced Tuesday it secured $200 million in fresh funding. The company raised $87 million in equity, led by Andreessen Horowitz, and secured a $113 million credit facility from General Catalyst’s Customer Value Fund. Additional participants in the equity round included QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners, and Endeavor Catalyst.
Stablecoin-Powered Remittances Behind the ScenesWhile Félix users interact through familiar chat, the engine beneath the service operates with stablecoins. Most transactions are settled using USDC, enabling fast and reliable cross-border transfers. The company’s partner organizations then pay out the recipient in their local currency. Ali Yahya, a general partner at Andreessen Horowitz, and Noah Levine, an investing partner at the firm, stated that customers never need to interact with crypto assets directly.
Most Félix transactions settle in USDC on stablecoin rails, while customers experience only a seamless chat interface, avoiding the need to deal with cryptocurrency themselves.
Félix maintains a purely digital approach, relying on its technology stack rather than physical locations.
Expansion Plans and Cognitive Financial ToolsWith the new funding, Félix intends to broaden its range of services from one primary offering to a wider suite of financial products. The company plans to develop lending and savings options with third-party providers and expand into mobile credit and data top-ups for its users. Investment will also be directed toward artificial intelligence and infrastructure for what Félix calls its Cognitive Financial Companion, integrated within the WhatsApp experience.
This conversational AI aims to interpret customer needs from natural language, suggest relevant financial products, and guide users through the process. Félix described its approach as prioritizing each user’s needs, rather than directing them to pre-selected products. Co-founder and CEO Manuel Godoy said, “Traditional financial institutions often start with the product they want you to use. We want to start with the person. You tell Félix what you need, in your own words, and we help you figure out the rest.”
The company’s service currently spans eleven Latin American markets, including Mexico, Colombia, Brazil, and Peru, in partnership with payout and distribution providers such as Walmart, UniTeller, Intermex, Visa, Stripe, Mastercard, and Checkout.com.
Industry Growth and Technology AdoptionFounded in 2020, Félix reported it has processed more than $8 billion in transactions for over six million users, with revenue more than doubling over the past year. The announcement arrives as established remittance firms begin embracing stablecoin technology. In May, Western Union launched its USDPT stablecoin on Solana, in collaboration with Anchorage Digital Bank, and is currently developing settlement solutions with its global agent network alongside consumer-facing products set for later in 2026.
Yahya stated that Félix brings together artificial intelligence and blockchain to create a straightforward, user-friendly solution for sending and receiving funds internationally.
Félix has packaged two frontier technologies, AI and blockchain networks, into something simple and consumer-friendly: a better way to send and receive money.
In a fast-paced environment where regulatory decisions or new altcoin listings can move markets instantly, efficient management tools are increasingly vital for users. Smart traders are now utilizing privacy-first tools like CryptoAppsy to access real-time charts, price alerts, coin-specific news, and macroeconomic data on a single screen, eliminating the need to switch between multiple apps and removing account-creation barriers.
EURC joins USDC on Circle's native transfer railsStablecoin issuer @circle has extended its Cross-Chain Transfer Protocol (CCTP) to cover native EURC transfers, applying the same burn-and-mint mechanism it already uses for $USDC. The expansion launches first on Ethereum and Base.
Under the protocol, That means no wrapped version of EURC is created at any point in the process.
Adding EURC to CCTP brings Circle's euro token in line with the infrastructure that has underpinned USDC cross-chain transfers since the protocol launched.
EURC's growing footprint under MiCAThe timing reflects EURC's rapid growth.
Bringing native EURC transfers to CCTP removes a key friction point for developers and institutions moving euro-denominated liquidity between chains without relying on wrapped assets or third-party bridges.
Sources
Circle: Cross-Chain Transfer Protocol (CCTP)
Circle: EURC Exceeds €400 Million in Circulation
Crypto News: Circle's euro stablecoin EURC tops €400 million in circulation
At three in the morning, an AI system can evaluate a trade flow, verify a contract and trigger a cross-border payout in seconds. The payment may still sit in a correspondent bank queue for days. Corporate software now operates at machine speed, while the financial infrastructure beneath it still keeps banking hours.
That timing gap is the structural challenge. The financial architecture underneath these autonomous workflows has failed to experience a corresponding modernization.
Sophisticated, automated software layers now sit on top of traditional banking rails that remain bound by manual processes, legacy clearing schedules, regional banking hours and standard multi-day settlement timelines. This systemic divergence creates an immediate operational mismatch.
An enterprise cannot maximize continuous, automated commerce when its settlement infrastructure relies on decades-old technology designs.
To understand why traditional clearing mechanisms introduce severe latency, it is necessary to examine the specific structural plumbing of international trade finance. Legacy institutional settlement networks do not transfer value natively; instead, they pass transactional instructions across sequential databases.
When a global payment moves across traditional banking channels, the underlying instruction must migrate through a fragmented array of payment gateways, domestic clearing houses, central banking networks, and multiple intermediary correspondent institutions.
Each individual leg of this journey introduces an additional layer of ledger reconciliation, manual compliance verification, localized operational hours, and distinct fee structures.
For instance, an international payment initiated late on a Friday afternoon from a financial hub in Singapore may not achieve final settlement at its destination bank in São Paulo until the following Wednesday.
The software system determines the optimal allocation of capital and fires the transaction instruction in milliseconds, yet the financial infrastructure requires five business days to clear the funds.
This prolonged processing latency introduces counterparty risk and ties up critical corporate liquidity. For international trading firms, working capital remains locked in transit and unavailable for deployment.
The resulting operational friction forces human intervention back into workflows designed for automation, creating a structural drag on global capital velocity.
Designing the Integrated Operational Architecture
Solving this infrastructure deficit requires moving away from fragmented vendor arrangements. When institutions attempt to stitch together separate partners for execution, asset storage, and fiat connectivity, they merely replicate the inefficiency of the legacy banking system.
Software agents requiring instant settlement cannot be delayed by internal transfers between an isolated over-the-counter desk, a third-party custodian, and an external payment gateway. True efficiency demands one platform where money moves.
SCRYPT follows this integrated model, combining execution, segregated custody and multi-currency settlement on one platform. Keeping the transaction lifecycle in one place reduces internal hand-offs and can limit reconciliation delays and vendor counterparty exposure.
Recent findings from the Bank for International Settlements highlight that stablecoins do not operate as uniform instruments across networks. The same stablecoin issued on two blockchains exists on separate ledgers; bridging capital between them introduces costs, settlement delays and operational exposure.
When trading, custody and payment rails span providers and chains, reconciliation failures and counterparty exposure compound. Overcoming this fragmentation requires an integrated framework capable of handling cross-chain settlement as one connected system.
Figure 1. Stablecoin fragmentation across blockchains. Source: BIS Annual Economic Report 2026, Graph 3 (published June 23, 2026; data through 2025).
The Technical Bottleneck: Protocol Performance vs. Settlement Plumbing
As institutional developers seek to resolve this settlement bottleneck, the nature of digital asset networks is undergoing a fundamental shift. With the deployment of high-performance blockchain protocols capable of processing massive transaction volumes, technical transaction throughput is no longer the primary constraint for institutional adoption. The core operational bottleneck has migrated entirely from protocol engineering down to the underlying custody and settlement plumbing.
True institutional integration relies on agnostic infrastructure. This requires the implementation of management platforms that allow corporate treasuries to clear and settle value across stablecoin rails seamlessly, without requiring institutions to alter their day-to-day corporate financial workflows or interface directly with the complex technical elements of public ledgers.
The enterprise at the end of the chain should experience settlement that completes in real time, without changing how it already works.
Structural Exhaustion and Emerging Market Infrastructure
This operational reality is already dictating corporate behavior within emerging markets, where the adoption narrative has completely moved past speculative retail trading. In economic regions characterized by persistent foreign exchange shortages, systemic currency devaluation, and fragmented local banking systems, enterprise treasury teams are turning to digital settlement rails out of absolute necessity.
In liquidity corridors across Sub-Saharan Africa and Latin America, businesses encounter friction when accessing international clearing currencies through correspondent banks. Local currency conversion adds costs, delays supplier payments and exposes companies to volatility during multi-day clearing cycles. Some enterprises are using reserve-backed stablecoins to execute faster cross-border settlements.
Cross-border settlement across East Africa, without the dollar detour:
Local currency in (KES, TZS, RWF or UGX), through a local partner.
One licensed transaction.
Stablecoin out.
Ready to settle.
No queuing for scarce bank dollars. No stacked FX spreads. Corridors are live… pic.twitter.com/SxubsHIHQZ
— SCRYPT (@Scrypt_Swiss) July 28, 2026
This paradigm shift represents a clear structural exhaustion with legacy infrastructure that fails to satisfy modern commercial requirements. Emerging market businesses use real-time T+0 settlement to rotate working capital efficiently, manage foreign exchange risk, and protect tight operating margins. In these environments, stablecoins are no longer viewed as alternative financial assets; they are functioning as essential infrastructure for daily commercial survival.
SCRYPT applies this model through multi-currency settlement infrastructure that connects local market exposure with reserve-backed stablecoins and major fiat currencies. For businesses in volatile economies, such platforms can support real-time pricing and faster international B2B payments while reducing reliance on correspondent banking.
Jurisdiction as Architecture
The expansion of digital settlement infrastructure has created another operational challenge: navigating a fragmented regulatory landscape. With major economies enforcing distinct frameworks, compliance has become an exercise in structural architecture.
A stablecoin authorised under one jurisdiction’s regime may require separate authorisation under another’s before it can be used the same way. Cross-border tax reporting initiatives such as the European Union’s DAC8 framework and the OECD’s Crypto-Asset Reporting Framework (CARF) are also turning compliance into an infrastructure problem. Audit controls, automatic reporting and verification mechanisms must sit within the settlement plumbing. Jurisdictional choices lock in banking relationships, asset segregation standards and supervisory obligations that are costly to alter later.
This environment puts a premium on jurisdictions with mature, substantive financial oversight and long experience of supervising digital assets. Switzerland is one of them. Its principles-based approach accommodates new transactional structures while holding institutional-grade compliance standards, which is part of why it has become a base for firms building settlement infrastructure.
Because a principles-based model focuses on substantive risk management, it travels well. Infrastructure anchored to a FINMA portfolio manager licence alongside VQF supervisory membership can work with counterparties across regions, provided each market’s framework is addressed separately. That is deliberate, institutional-grade architecture.
Building for the Permanent Design Constraints of Global Commerce
The friction between regional regulatory frameworks and fragmented legacy clearing chains is a permanent condition of the global economy. Institutions and enterprises must treat it as a design constraint and build their infrastructure accordingly.
The broader market trajectory reinforces this structural migration. Stablecoins have evolved from niche digital assets into an increasingly important layer of global financial infrastructure, with growing adoption across enterprise treasury, cross-border payments, and institutional settlement. This trajectory indicates that the migration of enterprise treasury operations onto digital asset rails represents a lasting shift in global finance rather than a temporary market cycle.
Figure 2. Stablecoin market capitalization remains concentrated in USDT and USDC. Source: BIS Annual Economic Report 2026, Graph 2 (market data as of May 29, 2026).
To scale securely within this framework, global institutions must replace vendor fragmentation with an integrated platform design. Utilizing multiple disparate counterparties for trading, custody, and stablecoin execution introduces unacceptable operational risk and reconciliation overhead. Enterprises require a single point of access, where trading, custody and settlement sit on one platform rather than across three vendors reconciled after the fact.
Execution quality determines whether institutional digital asset infrastructure can support global enterprise operations. Anchoring a technology stack within Switzerland’s regulatory environment enables providers like SCRYPT to combine deep liquidity, segregated multi-party computation (MPC) custody and instant automated clearing. This lets enterprises deploy capital without carrying the operational burden of fragmented infrastructure.
Software automation can complete financial and operational analysis at machine speed. The infrastructure used to settle those outcomes must align with that velocity. Automated commercial networks already operate around the clock. Institutional capital must follow. The standard is one platform, where money moves.
Robinhood Chain’s token issuance platform Long.xyz announced that over the past 24 hours, the trading volume of LONG’s tokenized stocks on Robinhood Chain has exceeded $425 million. Currently, the platform’s stock total value locked (TVL) stands at nearly $12 million, accounting for roughly 20% of the total stock TVL across the entire chain. Long.xyz, an emerging issuance platform on Robinhood Chain, allows users to issue meme tokens and pair them directly with tokenized stocks (such as NVDA, AAPL, and TSLA) instead of pairing with USDC or ETH, a mechanism designed to drive trading volume and liquidity to tokenized stocks.
Coinbase co-founder is seeking to gain control of at least three oil fields in Venezuela.
According to a Bloomberg report citing people familiar with the matter, Coinbase co-founder Fred Ehrsam is seeking to gain control of at least three oil fields in Venezuela. The U.S. government is reshaping Venezuela’s oil industry and plans to replace some operators from the Maduro era with investors close to the Trump camp. The fields, currently operated by Alvorada Heavy Industries Ltda, are located in the Boca, Guico and Guara blocks of Venezuela’s Orinoco Belt. U.S. officials are considering revoking the existing operating contracts for these fields. As the relevant negotiations have not been made public, the insiders requested anonymity. Additional adjustments to existing oil contracts are expected this week, during which U.S. Energy Secretary Chris Wright will visit Caracas and is set to showcase up to 17 oil and gas agreements.
4 minutes ago
Binance adds 4 new bStocks trading pairs to its spot and flash swap trading platforms.
According to an official announcement, crypto exchange Binance will launch bStocks tokenized securities trading pairs for CrowdStrike (CRWDB), Moderna (MRNAB), ProShares UltraPro Short QQQ (SQQQB), and Seagate (STXB) on September 2, 2026, at 20:00 GMT+8. The platform will also activate spot algorithmic trading bots and smart position bot services concurrent with the launch. Furthermore, within one hour of bStocks going live on Binance’s spot market, users can redeem their bStocks for BTC, USDT, or other tokens supported by the flash swap platform, with zero redemption fees.
4 minutes ago
Doubao Work enables multiple Agents to operate simultaneously, and it supports direct control of Mac computers.
Beating AI News Flash: Doubao Work Finally Adds Multi-Agent Parallelism. A complex task can now be split into multiple sub-agents to process different modules in parallel, with results aggregated for final delivery. Another update: Mac now supports local "computer operation". Previously, Windows already supported GUI operations, while Mac was restricted to browser control only. Now, Mac can directly recognize local interfaces, enabling it to complete operations based on the UI even in software without MCP, APIs, plugins, or CLI.
4 minutes ago
Figure Completes $717 Million Acquisition of Kiavi, Adding $7 Billion in Tokenized Loan Volume
Figure Technology Solutions completed the $717 million acquisition of Kiavi on Tuesday, bringing one of the largest residential real estate investor lenders in the U.S. into its blockchain ecosystem. Both Figure’s acquisition announcement and its 8-K filing with the U.S. Securities and Exchange Commission (SEC) confirmed the deal closed on September 1. Per Figure’s prior acquisition announcement, Kiavi is expected to add over $7 billion in annual first-lien mortgage volume to Figure Connect, while more than $100 million in monthly funds will flow into Figure’s on-chain lending platform Democratized Prime.
4 minutes ago
Gemini 3.8 Flash has been gray-launched on the Gemini App.
Beating AI News: Google has started the gray-scale rollout of Gemini 3.8 Flash to its Gemini App. When users directly inquire about the current model in the Gemini App, it responds with "Gemini 3.8 Flash". Last week, Business Insider obtained internal screenshots showing Gemini 3.8 Flash Preview appearing on Google’s internal coding platform Jetski. A testing employee said the new model is noticeably better than Gemini 3.7 Flash. Gemini 3.8 Flash’s internal codename is "skimaki". The update mainly fixes issues exposed in Gemini 3.7 Flash, while also cutting down on templated, verbose "AI fluff". Gemini 3.7 Flash was released only on August 13, meaning the interval between the two versions is less than three weeks.
4 minutes ago
A whale opened a $12.91 million position in HYPE and transferred the tokens for staking.
According to monitoring by Onchain Lens, a whale’s execution wallet has accumulated purchases of 155,980 HYPE tokens, valued at approximately $12.91 million, at an average price of around $82.77. The tokens were subsequently transferred to another wallet and staked. The wallet currently holds roughly 4.34 million USDC and continues to buy HYPE.
Circle and OKX have expanded their USDC partnership to increase the stablecoin’s liquidity and use across spot, margin and futures markets on the crypto exchange.
Summary
Circle and OKX are expanding USDC liquidity and trading access across spot, margin and futures markets. Eligible OKX users will have more ways to trade in USDC denominated markets under the expanded partnership. OKX has launched a USDC Margin Growth Program offering qualifying users a monthly 100 USDC reward funded by Circle. The latest move extends an existing partnership that has covered USD to USDC conversions and native USDC support on OKX’s X Layer. Circle said on Sept. 2 that the companies are working together to give eligible OKX users more access to USDC-denominated trading markets, extending an existing relationship between the stablecoin issuer and the exchange.
Circle 🤝 @OKX
Circle and OKX are working together to expand USDC liquidity and trading utility across OKX.
The collaboration supports broader access to USDC-denominated markets across spot, margin, and futures trading.
As digital asset markets scale, trusted dollar stablecoin… pic.twitter.com/lEkCvIMPz3
— Circle (@circle) September 1, 2026 The latest collaboration covers spot trading as well as leveraged products through margin and futures markets. Circle described trusted dollar stablecoin liquidity as part of the trading infrastructure needed as digital asset markets scale.
Specific USDC trading pairs covered by the latest announcement were not disclosed. Circle did not provide a timetable for further market additions or identify the regions where every product would be available, with access subject to user eligibility.
The announcement comes alongside a new OKX and Circle incentive program designed to encourage traders to hold and use USDC on the exchange.
Circle and OKX expand USDC trading access OKX launched its USDC Margin Growth Program with Circle on Sept. 1, offering qualifying users a monthly 100 USDC cash reward funded by Circle.
Under the program, users must opt in, hold at least 20,000 USDC in their OKX Trading Account for 17 consecutive days during a calendar month and record more than 1,000 USDC in single-side trading volume across eligible spot, futures or margin USDC pairs.
Up to 4,000 users can qualify each month on a first-come, first-served basis. OKX said qualifying rewards are settled within seven days after the end of each month.
The trading push extends a relationship between the two companies that previously focused on moving funds between traditional dollars, USDC and blockchain networks.
In July 2025, Circle and OKX introduced zero-fee USDC conversions between USDC and the U.S. dollar. The arrangement allowed users to convert USD into USDC and back at a 1:1 rate through OKX.
Circle CEO Jeremy Allaire said at the time that demand for USDC was coming from businesses and individuals adopting dollar-denominated digital money. OKX President Hong Fang described the integration as part of the exchange’s work to make access to digital assets easier.
USDC infrastructure has expanded across OKX The companies moved their cooperation further onchain in August when Circle brought native USDC and its Cross-Chain Transfer Protocol to X Layer, the Ethereum-compatible layer 2 network developed by OKX.
As crypto.news previously reported, the Aug. 7 integration gave developers and businesses access to USDC issued natively by Circle instead of relying only on tokens bridged from another blockchain.
Circle’s CCTP lets users move USDC between supported blockchains through a burn-and-mint process instead of locking tokens into conventional bridges and issuing wrapped representations on destination networks.
At the time of the X Layer launch, native USDC was supported across 36 networks, while CCTP connected 26 blockchains. Qualified businesses could access USDC issuance and redemption on X Layer through Circle Mint.
The infrastructure can be used for transfers, settlements, lending and decentralized applications, extending the companies’ cooperation beyond OKX’s centralized exchange.
USDC access has been developing differently across OKX’s regional operations as exchanges adjust their stablecoin offerings to local rules.
In Europe, OKX opened a USDT-to-USDC conversion route in July for customers across 30 EU and European Economic Area countries. Eligible customers can deposit USDT and convert it into USDC, which is supported under the European Union’s Markets in Crypto-Assets framework.
OKX Europe operates under a MiCA license and restricts trading in USDT for European customers. USDC and Paxos-issued USDG remain supported stablecoin options on the platform.
The exchange temporarily paused USDC deposits and withdrawals through Solana in July for scheduled wallet maintenance while keeping related trading services operational. The Solana USDC suspension applied only to transfers through that network and did not amount to a platform-wide pause in USDC trading.
Circle has pushed USDC deeper into trading platforms Circle has pursued similar arrangements with other trading and financial platforms as it expands the places where USDC can be used for collateral, settlement and trading.
In May, Circle deepened its relationship with Hyperliquid by becoming the technical deployment partner for USDC on the decentralized trading platform. USDC continued serving as a primary collateral and quote asset across Hyperliquid’s trading ecosystem, while Circle provided infrastructure for minting, redemption and cross-chain transfers.
Circle later moved approximately 4.397 billion USDC through HyperEVM to a Coinbase-linked address. Blockchain analytics firm Arkham described the USDC transfer to Coinbase as the largest USDC transaction recorded at the time.
Coinbase had become Hyperliquid’s USDC treasury deployer under its Aligned Quote Asset framework, while Circle handled technical infrastructure supporting USDC movement across networks.
Circle’s relationship with Coinbase remains another major distribution channel for the stablecoin. During its second-quarter earnings call in August, the company said its USDC collaboration agreement with Coinbase had renewed on existing terms for another three years, extending the arrangement into 2029.
USDC circulation stood at $73.3 billion at the end of the second quarter, up 19% from a year earlier. Circle reported $701 million in quarterly revenue and reserve income, while roughly 30% of circulating USDC was held on Coinbase’s platform at the end of June.
Circle said at the time that it worked with more than 150 partners that had economic incentives to integrate, distribute or support USDC across exchanges, wallets, payment applications and other financial platforms.
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.
According to monitoring by Onchain Lens, a whale’s execution wallet has accumulated purchases of 155,980 HYPE tokens, valued at approximately $12.91 million, at an average price of around $82.77. The tokens were subsequently transferred to another wallet and staked. The wallet currently holds roughly 4.34 million USDC and continues to buy HYPE.
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.
OKX has added 10 USDC spot margin pairs for European customers, offering up to 10x leverage as NEAR and ENA gained 7.2% and 5.6%, respectively, over the past 24 hours.
Summary
OKX added USDC margin markets for HYPE, ZEC, LINK, ONDO, ENA, AAVE, NEAR, TRUMP, OKB, and BNB. Selected markets allow up to 10x leverage, with interest charged hourly on borrowed funds. NEAR led the listed tokens with a 7.2% daily gain, followed by ENA at 5.6%. All 10 pairs use USDC, whose reserves include cash and short-dated U.S. government debt. According to a Sept. 1 press release shared with crypto.news, the new markets expand OKX’s spot margin service for European customers, allowing eligible traders to take long or short positions across 10 additional tokens.
The exchange added HYPE/USDC, ZEC/USDC, LINK/USDC, ONDO/USDC, ENA/USDC, AAVE/USDC, NEAR/USDC, TRUMP/USDC, OKB/USDC, and BNB/USDC. Availability may depend on the customer’s location and account eligibility under local rules.
OKX spot margin adds 10 USDC markets Under the expanded service, customers can borrow assets against collateral and use the funds to open positions larger than their account balance. OKX said selected markets support leverage of up to 10x, although the available limit may differ by pair and user.
Unlike a derivatives contract, a spot margin trade involves buying or selling the underlying asset with borrowed funds. A trader expecting a token to rise can borrow USDC to increase a purchase, while someone expecting a decline can borrow the token and sell it before attempting to repurchase it at a lower price.
According to the exchange’s European margin guide, interest begins accruing once an order is filled and continues until the debt is repaid. Customer assets serve as collateral for loans supplied by other users.
OKX said its borrowing charges are calculated hourly and apply only to the amount borrowed. The company does not impose a separate fee for opening the margin position or a recurring rollover charge, though normal trading and liquidation fees can still apply.
For Bitcoin, the exchange said borrowing rates begin at an annual percentage rate of 0.5%. Rates can vary by asset, customer tier, and market conditions, meaning the starting Bitcoin rate does not necessarily apply to each of the newly listed tokens.
Using a hypothetical example, OKX estimated that a €1,000 Bitcoin position held at 5x leverage for seven days would generate €0.08 in borrowing costs at a constant 0.5% APR, excluding trading and liquidation fees and assuming no price movement.
The company compared that amount with an unnamed platform charging a 0.02% opening fee and another 0.02% every four hours. Under OKX’s calculation, the same hypothetical position would cost €8.60 over one week on the competing platform. The comparison was supplied by OKX and does not identify the platform or account for possible changes in either company’s rates.
NEAR and ENA lead the listed tokens CoinGecko data showed that six of the 10 newly supported tokens had gained over the preceding 24 hours at the time of writing, while three declined and ONDO traded nearly unchanged.
NEAR recorded the largest increase, rising 7.2% to $2.01 on approximately $299.8 million in daily trading volume. ENA followed with a 5.6% advance to $0.1610 as its 24-hour volume reached about $629.2 million.
AAVE gained 2.7% to $127.59, while ZEC climbed 1.6% to $855.22. HYPE rose 1.5% to $83.33, supported by roughly $1.43 billion in daily volume, and LINK added 0.5% to trade at $11.38.
ONDO changed by less than 0.1% and traded near $0.3444. Among the declining tokens, BNB fell 0.4% to $686.29, OKB lost 0.5% to $110.92, and TRUMP dropped 0.8% to $2.39, according to CoinGecko.
Daily gains do not remove the additional risk created by leverage. OKX’s margin documentation states that leverage increases both potential profits and losses, while interest continues to accrue until borrowed assets are fully repaid.
Under cross-margin settings, OKX calculates risk across the assets held in the account. The platform’s cross-margin documentation says positions may be partly or fully liquidated if adjusted account equity becomes insufficient to meet maintenance-margin requirements. Isolated margin can confine the collateral and debt to an individual position, depending on the market and account configuration.
USDC supports OKX’s European expansion All 10 additions are quoted against USDC, placing the dollar-backed stablecoin at the center of the expansion. OKX had already introduced a way for eligible European customers to deposit USDT and convert it into USDC across 30 European Union and European Economic Area countries.
On July 18, crypto.news reported on the conversion, which was introduced as European platforms adjusted their stablecoin services to comply with the Markets in Crypto-Assets framework.
The regional competition changed further after some rival platforms faced licensing limits. A July 5 report found that Binance customers in France had retained withdrawal access but lost trading access after the exchange did not secure approval before the applicable MiCA deadline.
OKX has also added products beyond conventional cryptocurrency pairs. On June 9, the exchange introduced 13 X Perps for European users, providing price exposure linked to U.S. stocks, exchange-traded funds, equity indexes and commodities, including Apple, Nvidia, SPY, QQQ, gold and oil.
For U.S. readers, the connection comes through USDC and the assets supporting the stablecoin rather than direct access to the European offer. OKX’s Sept. 1 announcement applies to European customers and does not state that the 10-pair rollout extends to accounts in the United States.
Circle, the U.S.-based issuer of USDC, says the stablecoin is redeemable one-for-one for U.S. dollars and backed by highly liquid cash and cash-equivalent assets. According to Circle’s reserve disclosure, most USDC reserves are held in the Circle Reserve Fund, an SEC-registered government money market fund managed by BlackRock.
Circle says the fund may hold cash, short-dated U.S. Treasury securities and overnight Treasury repurchase agreements, while Bank of New York Mellon serves as custodian. BlackRock publishes daily portfolio reporting, and Circle provides monthly third-party reserve assurances.
OKX’s European customers therefore use a U.S. dollar-denominated settlement asset when borrowing or trading across the new markets. The company’s announcement did not disclose initial borrowing limits, liquidity levels or asset-specific APRs for the 10 pairs, leaving those terms to the rates and position tiers displayed to eligible customers on the platform.
Someone just moved roughly $221M in USDC into Coinbase from an unidentified wallet. On-chain tracker Whale Alert flagged the transfer, which joins a growing list of nine-figure stablecoin deposits hitting the exchange this year.
A familiar pattern in 2026 This transfer isn’t an anomaly. Earlier this year, similar movements between unknown wallets and Coinbase clocked in at roughly $199M, $211M to $213M, $230M, and $272M. The current $221M deposit sits comfortably in the middle of that range, suggesting operational consistency rather than a one-off event.
The sender’s identity remains unknown. That’s not unusual for large stablecoin transfers, which frequently originate from institutional wallets, over-the-counter desks, or treasury management accounts that don’t carry public labels on blockchain explorers.
Advertisement
What large exchange inflows typically signal Treasury rebalancing is one common explanation. Circle, the issuer of USDC, regularly moves large amounts of the stablecoin as part of its minting and redemption operations. Institutional clients settling trades, rotating between custodians, or simply managing cash positions also generate transfers of this size.
Liquidity preparation is another possibility. Market makers and trading firms frequently pre-position stablecoins on exchanges ahead of anticipated volatility or planned trading strategies.
Coinbase’s role as a stablecoin hub Coinbase’s position as a central node for USDC flows isn’t coincidental. The company has a deep commercial relationship with Circle, co-founding the Centre Consortium that originally governed USDC. Coinbase earns revenue from USDC reserves and has built significant infrastructure around the stablecoin.
The frequency of these transfers in 2026 reinforces Coinbase’s dominance in the institutional stablecoin market. When transfers of $200M to $272M are landing on a single exchange multiple times over the course of months, it reflects deep, ongoing relationships with large-scale participants rather than sporadic whale activity.
What to watch next If the funds stay parked on Coinbase without corresponding buy orders or outflows, the deposit likely reflects custody or settlement activity. If on-chain observers spot large market orders or significant outflows of Bitcoin, Ethereum, or other assets from Coinbase in the coming days, that would suggest the deposit was preparation for a buying spree.
No concrete links between this transfer and other significant market events have been established. A single inflow, even one worth $221M, doesn’t tell a complete story without visibility into subsequent trading activity or outflows from the Coinbase wallet.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Felix Pago, a stablecoin remittance platform operating primarily in Latin America, has secured $200 million in Series B funding. The round consists of $87 million in equity and $113 million in credit, as the company looks to widen its suite of financial products and services.
Funding Led by Leading Venture FirmsAndreessen Horowitz, known as a16z, led the equity portion of the funding round, while General Catalyst’s Customer Value Fund extended the credit facility. The latest financing round highlights growing investor interest in companies leveraging blockchain technology for cross-border payments beyond the traditional cryptocurrency trading sphere.
Felix Pago currently facilitates payments primarily from the US to Mexico, using stablecoins as the infrastructure for remittances. The platform uses WhatsApp as its customer interface, allowing users to easily send funds, while settlements are completed quickly via the USDC stablecoin and blockchain technology.
This model aims to make cross-border money transfers not just faster, but also potentially less expensive for migrant workers and families compared to traditional remittance services.
Focus on Expansion and New Financial ServicesFollowing the Series B raise, Felix Pago plans to extend its operations into new markets. The company also intends to broaden its product suite, with ambitions to develop lending and savings products in addition to its current remittance service. According to reports shared by Wu Blockchain and attributed to Bloomberg, Felix Pago has already processed over $8 billion in remittances.
In addition, Felix Pago is reportedly working on an AI-driven financial assistant to further enhance customer experience and lead its stablecoin-based network toward a more integrated financial services platform.
Mini dictionary: Felix Pago is a financial technology company specializing in cross-border remittances using stablecoins and blockchain infrastructure. It focuses on simplifying global money transfers and is known for integrating popular messaging platforms like WhatsApp as a transaction interface.
The platform’s reliance on USDC highlights the growing presence of this specific stablecoin in real-world payment applications. USDC, issued by Circle, is a fully-backed digital dollar designed for stability and used increasingly for both trading and cross-border transfers.
RoundAmountLead InvestorTypeSeries B$200 millionAndreessen HorowitzEquity + Credit$87 millionAndreessen Horowitz (a16z)Equity$113 millionGeneral CatalystCredit FacilityOutlook for Stablecoin AdoptionFelix Pago’s new funding places it among a growing number of companies using stablecoins as critical payment infrastructure, moving beyond mere digital currency trading. Investors and industry observers are closely watching whether such efforts will encourage wider adoption of stablecoins like USDC across the mainstream financial sector.
Key metrics that market participants are monitoring include Felix Pago’s transaction growth, entry into lending and savings, and the broader uptake of similar blockchain-based settlement mechanisms by other fintech players.
Felix Pago has processed over $8 billion in remittances and is now targeting expansion into lending, savings, and AI-driven financial services, seeking to leverage its stablecoin-based platform for broader financial integration.
The successful fundraising confirms the expanding role of stablecoins as both assets and payment infrastructure. With plans to increase its product offerings, Felix Pago could help determine the scale at which stablecoin-powered remittance platforms may penetrate conventional financial markets.
Circle printed roughly $11 billion in USDC on the Solana blockchain during August, a monthly total that marks the largest single-month issuance the network has seen and signals a meaningful shift in where dollar-backed stablecoins are finding a home.
What actually happened The minting didn’t land in one dramatic drop. Circle issued USDC across August in repeated $250 million tranches, including a notable $1 billion single-day issuance. Monitoring service Whale Alert flagged roughly $1.25 billion minted in a single week during mid-to-late August alone.
The broader picture was equally striking. Gross USDC issuance across all blockchains hit approximately $5 billion in the week ending August 26, the highest weekly figure recorded since early 2026.
Advertisement
Each mint is backed one-for-one by USD reserves held by Circle, so this wasn’t creative accounting. The company was responding to real demand, issuing new tokens only when counterparties deposited equivalent dollars.
By late August, Solana’s circulating USDC supply had reached around $8 billion, giving the chain more than 10% of USDC’s total supply across all networks.
Circle’s Cross-Chain Transfer Protocol, known as CCTP, enables liquidity to move between blockchains without being manually bridged, reducing friction for institutions that need to shift large dollar positions quickly.
Who’s driving demand Circle serves as the technical provider for Hyperliquid’s $5 billion USDC reserve, a relationship that channels significant stablecoin demand directly onto Solana infrastructure.
BNY Mellon has also established a pathway for institutional clients to mint and burn USDC on the network, opening the door to a class of capital that previously had limited, compliant access to on-chain dollar liquidity.
Prior months in 2026 showed the same pattern building. April saw a single-month issuance peak of $3.25 billion, which at the time looked like an outlier. August’s $11 billion figure suggests the April spike was actually the beginning of a trend, not an anomaly.
What this means for Solana and the stablecoin market USDC’s peg held throughout the August minting surge without a visible wobble. A stablecoin that can absorb $11 billion in new issuance on a single chain in a single month without drifting from $1.00 is demonstrating something about the depth of its reserve management. Circle maintains a strict 1:1 backing against USD reserves, increasing supply only in response to verified market demand.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Stablecoins now account for 94% of Argentina’s peso-denominated cryptocurrency trading, the highest share of any major currency, according to a new analysis published by the venture firm a16z Crypto on August 30, 2026. The finding shows that dollar-pegged tokens have become the default way Argentines convert pesos into crypto, even as the economic pressures that first drove the shift have begun to ease.
The report puts the country’s adoption in sharp relief: roughly one in five people in Argentina use crypto, one of the highest rates in Latin America, and downloads of the country’s 15 leading crypto apps rose 93% year over year in 2024. The analysis draws on third-party data from the analytics platform Artemis and the payroll firm Deel, and a16z notes that the figures have not been independently verified.
How Dollar-Pegged Stablecoins Became the Default The preference for dollars is not new. During the 2001–2002 crisis the government froze bank deposits and forcibly converted dollar-denominated accounts into pesos under Decree 214/2002, and the end of the dollar peg cut the peso’s dollar value by roughly three-quarters. That episode entrenched a habit of keeping savings in physical dollars outside the banking system. After Argentina reintroduced currency controls in 2019, limiting individual dollar purchases to about $200 a month, dollar-pegged stablecoins emerged as an around-the-clock alternative that bypassed the official market.
Adoption That Did Not Fade as Inflation Cooled The most striking signal in the report is durability. Deel data cited by a16z shows the share of Argentina-based contractors paid in USDC rose alongside inflation, which peaked at 289% year over year in April 2024, then eased as price growth cooled. By July 2026 both the USDC-pay share and inflation were holding at about a fifth of their respective peaks. Downloads of Lemon, one of the country’s largest crypto wallets, climbed every quarter even as monthly inflation fell from 25.5% to 2.1%. “Stablecoins may no longer be just a hedge against inflation for Argentines — they could be becoming a habit,” the report concludes. That dynamic echoes how stablecoins have become a hedge and settlement tool across developing markets.
A Narrowing Dollar Premium For years the “crypto dollar” traded at a steep premium to the official exchange rate. By 2023, capital controls had pushed the gap between the official and parallel rates above 100%, and stablecoins offered access to dollars outside those restrictions. After Argentina lifted most limits on individual dollar purchases in April 2025, the rates largely converged, and as of August 28, 2026 a digital dollar cost about 4% more than one bought through the official market. That convergence underscores how stablecoins are increasingly functioning as always-on foreign-exchange infrastructure, and how Latin American companies have turned to them for real-time cash flow.
Several questions remain unsettled. The a16z report relies on third-party data and does not independently verify the underlying figures, and it stops short of projecting whether Argentine stablecoin usage will keep rising while inflation stays low and dollar access remains open. What the data does establish is that stablecoin adoption in one of the region’s largest economies has outlasted the crisis that created it, with implications for issuers such as Circle and Tether and for the payment networks targeting high-inflation markets.
AUTHOR
Jide Idowu is a skilled freelance writer with expertise in blockchain technology, cryptocurrency, and digital finance. Known for his ability to break down complex topics into clear, engaging content, Jide crafts articles, blog posts, and analyses that resonate with both beginners and seasoned professionals. His work spans a wide range of subjects, from emerging crypto trends to in-depth explorations of blockchain innovations. With a keen eye for detail and a passion for educating readers, Jide is a reliable voice in the rapidly evolving world of digital assets.
TL;DRExtended until September 30th, 2026, 23:59 UTCSupported assets: USDC, USD1 & UZero gas fees across withdrawals, transfers, and bridgingOver $4.5M in gas fees has already been covered for users. That's money that would have gone on moving stablecoins around, staying in wallets instead.
The 0 Fee Carnival now runs through the end of September, on the same terms.
How you use it doesn't change. Withdraw from an exchange, send between wallets, or bridge in from another chain exactly as you would normally. You don't pay the gas.
Where You Can SaveWithdraw with Zero Fees, Across Top CEXsUSDC, USD1, and U can be withdrawn to BNB Chain without paying gas through the major exchanges.
Supported platforms include Binance, Bitget, MEXC, Ourbit, BingX, LBank, and HTX, with coverage across BNB Smart Chain and opBNB depending on the exchange.
Minimum withdrawal amounts vary by platform. In every case, funds leave the exchange without losing value on the way out.
CEX
Assets
Network
Condition
Binance
USD1
BNB Smart Chain (BSC)
Minimum withdrawal amount $10
USDC
USDC
opBNB
Minimum withdrawal amount $20
U
BSC
Minimum withdrawal amount $5
Bitget
USDC
BSC
Minimum withdrawal amount $10
USD1
MEXC
USD1
BSC
Minimum withdrawal amount $5
U
USDC
Minimum withdrawal amount $10
Ourbit
USDC
BSC
Minimum withdrawal amount $10
USD1
BingX
USDC
BSC
N/A
LBank
USDC
BSC
N/A
HTX
USD1
BSC
N/A
PS: HTX Supports USD1 — 0 Fees Forever
Free Wallet Transfers: Send Without SpendingSending stablecoins between wallets is covered too.
Supported wallets include Binance Wallet, Trust Wallet, SafePal, TokenPocket, Coin98, imToken, and others.
USD1: Unlimited transfersUSDC: 2 free transfers per dayU: Unlimited transfersMin Transfer: $0.10Eligible: Direct wallet-to-wallet transfers on BSCThis applies to direct wallet-to-wallet transfers on BNB Smart Chain only.
Bridge for Free: Move Across Chains SeamlesslyBringing funds onto BNB Chain is gas-free as well.
Celer cBridge and Meson.fi support bridging from networks like Ethereum, Arbitrum, Polygon, Avalanche, Optimism, and Tron.
Bridges
Assets
Source Chains
Fee
Condition
Celer cBridge
USDC
Ethereum, Arbitrum, Polygon, Avalanche, Optimism
$0 bridge fee!
Limited to Bridge USDC from other chains to BSC.
Meson.fi
USDC
Ethereum, Arbitrum, Polygon, Avalanche, Optimism, Tron
100% rebate
Thanks to these partners, your cross-chain transfer literally costs nothing. Bridge, swap, and explore DeFi with zero friction.
The 0 Fee Movement Continues to GrowThe 0 Fee Carnival covers gas, and the point of it is making stablecoins cheap to move for the people using them day to day, whether that means pulling funds off an exchange, paying someone from a wallet, or bringing liquidity over from another chain.
The extension runs until September 30th, 2026, 23:59 UTC. Withdraw, send, or bridge USDC, USD1, or U before then and the gas is covered.
Elon Musk: AI is expected to significantly boost productivity, which could lift the global economy by 20% to 30%.
Elon Musk stated in his speech at the G20 summit that he expects artificial intelligence to significantly boost productivity, noting that AI could lift the global economy by 20% to 30%.
4 minutes ago
Bonk Guy today issued a buy call for USELESS, with the token rallying over 50% in 24 hours and its market cap rising to $104 million.
According to GMGN data, Solana ecosystem meme coin USELESS has rallied over 50% in 24 hours, now trading at $0.1051 with a market cap of $104 million. On the news front, earlier today, the figure known as "Bonk Guy" reflected on his meme coin trading track record, disclosing he once traded BONK with 6x leverage for $16,000 and pocketed over $20 million in profits. Though he later gave back all those accumulated gains on October 10, this isn’t his only high-value trading win. He added that during the last cycle, he also grew funds ranging from low five to six figures to over $5 million to $10 million via trades of meme-related tokens including DOGEGOV, MAGA, and Roaring Kitty. Unipcs also noted that his current bullishness on USELESS is even stronger than when he traded BONK in 2023, pointing out that USELESS previously surged from a market cap of around $4 million to $450 million outside of a bull market, and could see even larger upside if it experiences a genuine bull market for the first time in the future.
4 minutes ago
Open-source Agent framework Pi hits 100,000 stars, v2 coming soon.
Beating AI News Brief: Pi’s GitHub Repository Surpasses 100,000 Stars, Official Teases Upcoming Pi v2. Pi is an open-source Agent harness that also provides a terminal Coding Agent. Over the past month and a half, Pi has been rewriting its underlying Agent runtime framework. At the end of July, it first unveiled Harness v2, adding key features including task persistence, crash recovery, and multiple execution lanes. Shortly after this design was integrated into official APIs in early August, the team began work on Harness v3, which involved a full redesign of storage and runtime states. The v3 work was later consolidated into the current unified harness.md. The new Harness is designed to let Agents resume from their last safe state even if the process crashes mid-execution, and support parallel execution of multiple Agent tasks on the same session history. The current dev branch still has hundreds of commits not yet merged into main, with the new Harness under rapid development.
4 minutes ago
Token 'Niulai' plunges over 21% in 24 hours, market cap falls to $87 million.
According to GMGN market data, the BSC-based meme coin "Niu Lai" has fallen more than 21% in 24 hours, with its market capitalization dropping to $87 million. BlockBeats reported yesterday that all screenings of the movie "Niu Lai" have been extended to 23:59 on October 4, 2026. As of press time, the film "Niu Lai" has accumulated a box office (including pre-sales) of over 60 million yuan, and AI forecasts its total box office will exceed 69 million yuan.
4 minutes ago
US crypto-related concept stocks saw their intraday declines widen, with PURR plunging more than 7%.
According to market data from BIT (bit.com), US-listed cryptocurrency-related stocks saw their intraday declines widen, with MSTR down 6.12%, CRCL down 5.94%, COIN down 4.53%, BMNR down 5.73%, SBET down 5.16%, and PURR down 7.02%.
4 minutes ago
Bitunix launches On-Chart Order Preview feature
Bitunix has officially launched the On-Chart Order Preview feature, allowing users to preview entry prices and estimated liquidation prices for long and short positions directly on the K-line chart before placing an order. Users can adjust prices in real time by dragging the preview line, with order details in the order panel updating simultaneously. This feature gives users a clearer view of their positions before executing trades, enabling intuitive understanding of entry points and liquidation risks, and effectively reducing operational errors. This update marks another key step in Bitunix’s ongoing optimization of its chart trading experience, further advancing the platform’s core concepts of Ultra Products and Ultra Experience.
This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance Earn is excited to renew the campaign for the USDC Simple Earn Flexible Products! During the Promotion Period, users who subscribe to USDC Flexible Products may enjoy up to 7% APR, which includes an exclusive Bonus Tiered APR on top of Real-Time APR rewards. How to Participate: Promotion Period: 2026-09-02 00:00:00 (UTC) to 2026-09-30 23:59:59 (UTC)Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.Rewards Distribution:Bonus Tiered APR: Distributed to users’ Spot Accounts on a daily basis. The first reward will be given the day after accrual starts (two days after subscription).Real-Time APR: Accrued and directly accumulated in users’ Earn Accounts every minute. Offered Products Digital AssetDurationAPR During Promotion PeriodMin. Subscription Limit per UserMax. Subscription Limit per UserTier Range: Subscription Amount ≤ 300 USDCTier Range: Subscription Amount > 300 USDCUSDCFlexible7%(including 5% Bonus Tiered APR and approximately 2% Real-Time APR)2%(Approximately 2% Real-Time APR)0.01 USDC300,000,000 USDC How to Get Started with USDC Flexible Products: Users can buy USDC on the Buy Crypto page, which supports local and international payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, account balances and SWIFT Bank Transfer (corporate user exclusive). Users can also deposit USDC to their Binance account. Head to [Simple Earn], and search for USDC. Select FLEXIBLE, and subscribe to USDC Simple Earn Flexible Products to start earning exclusive APR Rewards! Start Earning Now! Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification during the Promotion Period can qualify for rewards in the Promotion, and only master accounts qualify for rewards in the Promotion. Sub-accounts are not eligible to receive rewards. The products or features referred to above may not be available in your region. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Changes to the Binance Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Binance Simple Earn. Rewards:Real-Time APR is subject to change every minute, please refer to the respective product page(s) for accurate information. Real-Time APR rewards are accrued and directly accumulated in users’ Earn Accounts every minute.Bonus Tiered APR is offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC) based on the snapshot of your subscribed amounts to the Flexible Product of the day, which will be taken randomly between 00:00:00 to 23:59:59 (UTC) daily. Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s Spot Account.Any redemption of Flexible Products made between 00:00:00 (UTC) and 00:00:00 (UTC) of the following day will stop the accrual of Bonus Tiered APR rewards on the redeemed amount for that day.Redemptions of Flexible Products will be processed starting with assets that have accrued rewards. Users can check the rewards history from the Earn History. Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token. Please refer to the FAQ for more details.All users who hold open positions for USDC Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the Promotion ends, users will be entitled to Real-Time APR rewards only. APR rewards are distributed from Binance’s own funds, and are determined based on the assessment and evaluation of prevailing market conditions. The Activity's subscription amount of each user has an upper limit. When the upper limit is reached, users will no longer be able to subscribe.A large amount of redemption requests might delay redemption temporarily. Redemptions may resume upon return of liquidity.Users can view their Flexible Products assets by going to Assets > Earn > Simple Earn.Redemption time for Flexible Products subscriptions: Instant. Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-09-01 USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
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.
PANews reported on September 1 that Gate has officially launched a USD order book, bringing USD, USDC, USD1, RLUSD, and other USD-denominated quote currencies into the same spot market, sharing order depth and concentrating liquidity. Users can access this feature after upgrading the Gate App to v8.35 or above, or via the web version. Taking BTC/USD as an example, users can choose to place orders in USD, USDC, USD1, or RLUSD based on their account holdings. Orders in different currencies all enter the BTC/USD market for matching, with prices and depth uniformly displayed in USD. Even if buyers and sellers use different currencies, the system can automatically complete conversion, deduction, and clearing and settlement without requiring manual exchange in advance, reducing the operational cost of switching between multiple similar quote markets.
Compared with establishing independent quote markets for different stablecoins, a shared order book can concentrate depth scattered across multiple USD-denominated currencies into the same market, providing users with clearer market data and a smoother trading experience, while also helping improve the efficiency of platform liquidity allocation. The current feature only supports spot trading. The specific supported currencies may vary by region, account, or trading pair, and may later be expanded to more stablecoins pegged 1:1 to USD. This upgrade improves the connections among asset management, exchange, and spot usage within Gate's USD ecosystem, providing new market infrastructure for coordination among multiple USD assets.
Vienna, Austria — August 31, 2026 — Bybit EU, headquartered in Vienna and operating under a MiCAR license granted by Austria’s Financial Market Authority (FMA), has been selected as a recommended alternative for MEXC users based in the Netherlands. This shift follows MEXC’s cessation of operations in the Netherlands in compliance with European regulatory requirements.
“We’re pleased to welcome Dutch users who are looking for a regulated, compliant platform to continue their crypto journey,” said Nazar Tymoshchuk, Regional Country Manager at Bybit. “The MiCAR framework exists to protect European users, and we’re committed to providing a secure, seamless experience for everyone transitioning to Bybit EU.”
MEXC has announced it will no longer serve users in the Netherlands due to the implementation of the Markets in Crypto-Assets Regulation (MiCAR), which requires all crypto-asset service providers operating in the EU to hold appropriate authorization.
“Partnering with Bybit represents an important step in ensuring a secure, compliant, and seamless transition for our users. said Robert MacDonald, Chief Compliance Officer at MEXC. “Bybit’s strong regulatory framework and commitment to user protection give us confidence that our users will continue to receive reliable services and a high standard of care throughout the transition.”
What This Means for Dutch UsersMEXC users in the Netherlands will receive direct communication from MEXC with guidance on next steps and timelines. Those who choose to move to Bybit EU will need to create and verify a new account independently – no accounts or assets will be automatically migrated.
Users are encouraged to complete their transition by October 31, 2026, with final offboarding from MEXC set for November 16, 2026.
About Bybit EUBybit EU operates under a MiCAR authorization granted by the Austrian Financial Market Authority (FMA) since May 2025. The platform segregates user funds from company assets as required by regulation, supports EUR top-ups and withdrawals via SEPA and iDEAL, and offers 115+ tokens across 135 trading pairs in both USDC and EUR. The platform is available in Dutch.
Supporting the TransitionTo support users through the transition, Bybit EU is offering a welcome package for eligible new registrants, including bonus rewards, preferential trading fees, and cashback on the Bybit Card. Full details and terms will be available on the dedicated landing page.
A dedicated landing page is available for Dutch users with step-by-step guidance, FAQs, and links to customer support.
Users can also join the Dutch-language Bybit community for transfer support:
Telegram: https://t.me/Bybit_NL
X (Twitter): https://x.com/BybitNL
Bybit EUBybit EU GmbH is an Austrian Crypto-Asset Service Provider (CASP) authorized under the Markets in Crypto-Assets Regulation (MiCAR) in Austria. Bybit EU serves customers across the entire European Economic Area (EEA), with the exception of Malta, via bybit.eu platform.
Bybit EU GmbH is authorized to offer the following services:
– custody and administration of crypto-assets on behalf of clients;
– exchange of crypto-assets for funds
– exchange of crypto-assets for other crypto-assets
– placing of crypto-assets; and
– transfer services for crypto-assets on behalf of clients.
Bybit EU GmbH is neither the operator of a trading platform for crypto-assets nor provides investment advice.
Media Contact: [email protected]
Disclaimer: This press release is provided for informational purposes only and does not constitute investment advice or an offer to buy or sell digital assets. Investing in crypto-assets is associated with risks, including high volatility and the potential loss of capital. Inform yourself thoroughly about the risks before making an investment decision. The products and services mentioned herein are subject to applicable laws and regulations in the relevant jurisdictions and may not be available in certain regions.
Years of lost savings taught Argentines to buy dollars. Economist Martín Tetaz says rebuilding trust in the peso could take years after inflation is tamed.
An Argentine saver could spend a decade earning interest at a bank and still lose more than half their purchasing power. That is a difficult experience to forget when the government announces another improvement in inflation.
BeInCrypto Intelligence’s The Exodus Economy found that a peso term deposit retained just 44% of its starting purchasing power between June 2016 and June 2026. Someone keeping the equivalent of $10,000 in peso cash ended with about $114 in dollar value.
Speaking to BeInCrypto, Martín Tetaz, an Argentine economist and former national deputy, described the resulting attachment to dollars.
“Demand for dollars is, in practice, the purchase of insurance. It’s like buying car insurance. And it’s a habit that is learned, and that takes time to unlearn.”
Argentina Inflation Rate Over the Last 3 Years. Source: Trading Economics
The report’s ten-year comparison shows why savers looked elsewhere. Dollar cash preserved 74% of purchasing power in Argentina.
Dollars earning short-term US Treasury yields preserved 94%. A Brazilian CDI-linked deposit, meanwhile, increased local purchasing power by 50%.
Dollar cash also lost purchasing power over the decade. In Argentina, the report’s peso options performed considerably worse.
Purchasing power retained, June 2016–June 2026. Start = 100. Source: BeInCrypto
The Peso Has a Better Case
Under President Javier Milei, annual inflation has fallen far below its roughly 289% peak in April 2024. INDEC’s latest figures put it at 33.8% in July 2026. Monthly inflation edged up to 2.1%, from 1.9% in June, a reminder that prices are still rising appreciably.
Tetaz expects the preference to survive well beyond the immediate recovery.
“First it has to eliminate inflation, and then, once inflation is gone, for at least seven or eight years it will keep seeing significant dollar demand until that stability consolidates,” Tetaz said.
That is his estimate of how long confidence takes to recover. Savers have to believe today’s improvement will survive a change of government before committing money for years.
Dollars are Easier to Buy
The report charts another substantial change. The extra cost of buying dollars on the parallel market, compared with the official rate, fell from above 150% in 2023 to around 2% by July 2026.
A narrower gap makes dollar access less expensive. By itself, it reveals little about whether people want to hold fewer dollars.
Official and parallel dollar rates through July 2026. Original report, Figure 16.
There are signs that some crisis-driven demand is easing. Deel payroll data published by a16z crypto on August 30 show the share of Argentine contractors paid in USDC, a dollar-pegged stablecoin, fell as inflation eased, then levelled off. The sample covers contractors using Deel; it cannot establish a nationwide return to peso savings.
The report also shows how accessible digital dollars have become. On Argentine wallet Lemon, tracked withdrawals averaged $544 in the first half of 2026, with monthly medians around $150–$270. These are amounts within reach of ordinary earners.
Tetaz believes a more stable peso could recover some everyday uses.
“If stability returns, short- and medium-term contracts will all be in pesos, and many of the economy’s dollar contracts will unwind.”
He expects longer commitments, such as mortgages, could retain inflation-linked arrangements. Dollar earners may still prefer dollar rents.
Argentina could therefore regain confidence in the peso without persuading everyone to abandon dollars. For a household, trusting pesos for next month’s bills is a much smaller commitment than trusting them with ten years of savings.
TLDR: 94% of Argentina’s peso crypto trading volume now flows into dollar-pegged stablecoins. About one in five Argentines use crypto, among the highest adoption rates in Latin America. Contractor USDC pay and inflation both eased to roughly a fifth of their 2024 peaks by July 2026. Lemon wallet downloads rose every quarter even as monthly inflation fell from 25.5% to 2.1%. a16z Crypto data show that 94% of peso-denominated crypto trading volume in Argentina now flows into stablecoins. That is the highest such share among major currencies tracked by Artemis.
The finding comes from a16z crypto’s latest look at Latin American crypto adoption, published August 30, 2026. About one in five Argentines use crypto, one of the highest rates in the region.
Downloads of the country’s 15 leading crypto apps climbed 93% year over year in 2024. That points to a shift from short-term inflation hedging toward habitual stablecoin use.
A History Rooted in Distrust of the Peso Argentina’s preference for dollars over its own currency predates the rise of stablecoins by decades. In 2001 and 2002, the government froze bank deposits.
It forcibly converted dollar accounts into pesos through Decree 214/2002. When the currency peg later collapsed, the exchange rate moved from one peso per dollar to nearly four. That shift erased about three-quarters of the peso’s dollar value.
That crisis left many Argentines wary of banks and the peso itself. Households grew accustomed to holding savings in physical dollar bills outside the financial system. This habit later shaped how people approached stablecoins once digital options became available.
Stablecoins gained momentum after Argentina reintroduced currency controls in 2019. Within months, officials capped individual dollar purchases at $200 per month.
Eligibility rules also shut out many residents entirely. Dollar-pegged stablecoins offered a workaround outside the restricted official market.
By 2023, capital controls had pushed the gap between official and parallel exchange rates above 100%, a16z crypto’s analysis noted. Stablecoins traded around the clock and sat outside those controls.
That made them attractive during that stretch. As Flores put it in the report, “buying crypto means buying dollars” in Argentina.
Stablecoin Use Persists as Inflation Cools a16z crypto also points to stablecoins becoming a growing part of contractor pay during Argentina’s inflation spike. Year-over-year inflation reached 289% in April 2024.
Over that same period, the share of Argentina-based contractors paid in USDC rose, based on payroll data from Deel.
Deel figures indexed to January 2024 show contractor USDC pay and inflation moving together for a time. As of July 2026, both metrics were holding near one-fifth of their earlier peaks, the report found.
Exchange rate gaps that once made digital dollars pricier than official ones have also narrowed. Argentina lifted most restrictions on buying dollars in April 2025, and official and parallel rates converged. As of August 28, 2026, a digital dollar cost about 4% more than one bought through the official market.
Even as inflation falls and dollar purchases grow easier, usage tied to stablecoins has not faded, according to a16z crypto. Downloads of Lemon, one of Argentina’s largest crypto wallets, rose every quarter.
This happened even as monthly inflation dropped from 25.5% to 2.1%. Stablecoins now look less like a hedge and more like an everyday habit.
Argentina has reached a significant milestone in cryptocurrency adoption, with 94% of peso-denominated crypto trading volume now flowing into dollar-pegged stablecoins. This figure represents the highest stablecoin share among all major fiat currencies tracked by data provider Artemis, according to research by a16z crypto.
A report released by a16z crypto in late August 2026 highlights Argentina’s unique position in Latin America’s digital asset landscape. Around 20% of Argentines have reportedly adopted cryptocurrency, positioning the country among the region’s leaders in crypto usage rates.
App analytics indicate a 93% year-over-year increase in downloads for Argentina’s 15 largest cryptocurrency applications in 2024. This upward trend signals a shift from using cryptocurrencies merely as a hedge against inflation to more routine stablecoin transactions.
Stablecoin usage in Argentina has evolved from a temporary inflation shelter into a regular financial habit, as downloads for major crypto wallets continue to rise even after inflation rates begin to moderate.
Longstanding distrust of the peso drives digital dollar demandArgentina’s preference for holding value in dollars rather than the national peso dates back several decades. The country experienced a severe banking crisis in 2001 and 2002, when authorities froze bank deposits and forced the conversion of dollar accounts into pesos by decree. The collapse of the peso’s dollar peg during this period reduced its value to a quarter of its previous level.
As a result, many Argentines lost trust in both domestic banks and the peso, often choosing to store their savings in US dollars outside of the formal financial system. This ingrained behavior set the stage for the rapid adoption of digital dollar alternatives when stablecoins emerged.
The introduction of new currency controls in 2019 further fueled this trend. The government set a limit of $200 per month on individual dollar purchases, while stricter eligibility requirements prevented a segment of the population from accessing foreign currency altogether. Stablecoins, such as USDC, provided an accessible option for circumventing these official restrictions.
By 2023, capital controls had widened the gap between Argentina’s official and parallel exchange rates to over 100%. As stablecoins traded around the clock and independently from the regulated market, their appeal for Argentines grew further.
For many Argentines, “buying crypto means buying dollars,” making stablecoins a preferred store of value in times of currency instability.
Habitual stablecoin use persists amid easing inflationThe a16z crypto report also highlights the role of stablecoins in the earnings of local contractors during periods of high inflation. Inflation reached an annual rate of 289% in April 2024, spurring a rise in contractor payments sent in USDC, according to payroll data from Deel.
Index data from Deel shows a correlation between local inflation and the proportion of Argentine contractors receiving compensation in USDC. By July 2026, both Argentina’s inflation rate and the share of contractor pay in stablecoins had fallen to about one-fifth of their earlier levels.
Argentina relaxed most controls on dollar purchases in April 2025, resulting in a convergence of the official and parallel market exchange rates. As of August 28, 2026, the cost of acquiring a digital dollar was only about 4% higher than buying dollars at the official rate.
MetricPeak Value (2024)July 2026Year-over-year inflation289%~58%Contractor pay in USDC (index)100 (Jan 2024)~20Lemon wallet downloadsSteady increaseContinued growthMonthly inflation25.5%2.1%Despite the reduction in inflation and relaxed currency controls, stablecoin adoption has remained strong. Downloads of Lemon, one of Argentina’s largest crypto wallets, have continued to increase each quarter, even as monthly inflation dropped significantly. Analysts suggest that stablecoins have shifted from an emergency asset to an everyday financial tool.
Mini dictionary: a16z crypto, an investment arm of Andreessen Horowitz, conducts research and provides data-driven insights across the global cryptocurrency ecosystem. Artemis, mentioned as a data source, specializes in analytics focused on blockchain markets and digital asset trends.
Binance Margin to remove 12 trading pairs including TNSR/USDC and SXT/USDC on September 3
Binance announced that it will remove TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, BREV/USDC and other cross and isolated margin trading pairs at 14:00 (UTC+8) on September 3. Cross margin involves the above 5 trading pairs; isolated margin also includes USDE/USDC, WBETH/ETH, BFUSD/USDT, BNSOL/SOL, SUI/BTC, AVAX/BTC, and LINK/BTC. The platform will suspend borrowing for the above isolated margin trading pairs at 14:00 on September 1, and will automatically close positions, liquidate related positions, cancel pending orders, and delist the trading pairs at 14:00 on September 3; the removal process is expected to last about 3 hours. Binance advises users to close positions or transfer assets to spot wallets before the deadline, and reminds users that it is not responsible for potential losses.
ChatGPT and others included in EU's "Very Large Online Platforms" and will face stricter content regulation
The European Commission has designated OpenAI's ChatGPT as a "Very Large Online Search Engine" and listed Reddit and Roblox as "Very Large Online Platforms," citing that their monthly active users in the EU have exceeded 45 million. The above platforms are required under the Digital Services Act (DSA) to strengthen handling of illegal and harmful content, submit transparency reports and risk mitigation plans, and pay annual fees to the EU, with violations potentially subject to fines of up to 6% of global annual revenue. The DSA also requires platforms to strengthen minor protection and advertising transparency, and EU regulators have launched more than ten investigations into multiple online platforms under the act.
Trading platform Catapult Trade has cumulatively completed approximately $6.6 million in financing across multiple rounds, TGE expected to launch this autumn
Catapult Trade, a gamified memecoin launch platform and synthetic leverage trading platform based on Solana, announced that it has raised a total of approximately $6.6 million through four rounds of financing including Seed, Private, KOL, and Early Public. Investors include KuCoin Ventures, Oddiyana Ventures, Venture Vault VC, as well as the founder of LIS Skins, the founder of Trady, and multiple institutional and angel investors. The project team said the complete investor list and details of each round will be disclosed two weeks before the token TGE, which is expected to launch this autumn, with more updates to be announced in September.
Justin Sun responds to recent controversy: says he will continue to invest in crypto and AI endeavors
TRON founder Justin Sun posted on X in response to recent external doubts about himself and his team, stating that he does not intend to respond to specific accusations one by one, but emphasized that he has "absolute confidence" in the crypto and artificial intelligence-related endeavors he is engaged in. He said this confidence comes from irreversible technological breakthroughs already achieved in mathematics, cryptography, and artificial intelligence, which will not change due to individual or institutional will. Justin Sun said that over the past decade and more, the industry has been considered "over" many times, but technology has continued to advance after changes in policy and public opinion, and said that approximately 8 billion people worldwide will eventually directly or indirectly use services based on the above technologies. His team's mission is to make related services reliable and complete enough to be chosen by users in the future.
Analyst Willy Woo: Bitcoin holding rate may become key threshold for "separation of money and state"
On-chain analyst Willy Woo posted that approximately 4% of the global population currently holds S&P 500 assets, 4.5% holds gold, and 5% holds Bitcoin (BTC), and proposed that Bitcoin's future penetration rate will determine its role attributes. He said that at a holding population share of around 5%, BTC is still mainly viewed as a financial asset; if this proportion rises to around 50%, it may mean the emergence of a "separation of money and state" landscape.
Strategy increased holdings by 4,603 BTC last week at a cost of $369.7 million
Strategy purchased 4,603 BTC between August 24 and 30 at a cost of $369.7 million, with an average price of $80,318. During the same period, it repurchased 1.577 million STRC shares at a cost of $151.8 million and added approximately $29 million in cash. As of August 30, the company held 845,050 BTC with a total cost of $63.73 billion and approximately $6.71 billion in dollar assets. SEC filings show that BTC purchase funds came from proceeds of MSTR stock ATM issuance.
Adobe invests over $4 billion in Saudi Arabia AI market
Adobe announced a partnership with Saudi Arabia's Ministry of Communications and Information Technology and Humain, a Saudi government-backed AI company, committing to invest more than $4 billion in value and provide more than 27 million eligible Saudi citizens and residents with 12 months of free access to AI tools. Under the plan, users will receive free Adobe Firefly Standard subscriptions and some Adobe Express Premium features, including an image generation model jointly developed by Adobe and Humain optimized for Saudi culture.
BitMine increased holdings by 53,501 ETH last week, has bought ETH for 65 consecutive weeks
BitMine increased its holdings by 53,501 ETH last week and has bought ETH every week for 65 consecutive weeks. As of August 30, its total Ethereum holdings reached 5,901,112 ETH, accounting for approximately 4.9% of total ETH supply. The company disclosed that the total value of its cryptocurrency, cash, and other investment assets is approximately $15.6 billion, including $541 million in cash and marketable securities, 211 BTC, approximately $180 million in Beast Industries equity, and an investment of approximately $81 million in Eightco Holdings (ORBS). The amount of staked ETH currently stands at 5,067,309, accounting for approximately 86% of total holdings. Based on current annualized yield, annualized staking income is approximately $335 million.
Nvidia plans to invest $3.5 billion in MediaTek convertible bonds to deepen chip cooperation
Nvidia will invest $3.5 billion in Taiwanese chipmaker MediaTek, subscribing to bonds convertible into MediaTek stock to deepen cooperation between the two parties in the chip field.
Memory chip maker Longsys plans Hong Kong listing to raise up to approximately HK$7.14 billion
Chinese memory chip maker Longsys published its H-share prospectus on the Hong Kong Stock Exchange, planning to offer approximately 26.08 million H shares globally, including approximately 2.6 million shares in the Hong Kong public offering and approximately 23.5 million shares in the international offering, with a maximum offer price of HK$240.6 per share. The total fundraising size of this issuance will not exceed approximately HK$6.28 billion. If the additional issuance and over-allotment options are exercised, the fundraising size could reach up to approximately HK$7.14 billion (about $1.06 billion), corresponding to a maximum company market value of approximately RMB 167.72 billion (about $24.9 billion). Longsys plans to use the proceeds mainly for chip design and advanced storage technology research and development, and expects its H shares to be listed on the main board of the Hong Kong Stock Exchange on September 8.
Bank of England governor warns frontier AI may trigger global financial systemic risks
Bank of England Governor and Financial Stability Board (FSB) Chair Andrew Bailey warned in a letter to G20 finance ministers and central bank governors that "frontier AI models" are increasingly capable of high autonomy and sophisticated offensive and defensive capabilities, which could significantly alter the speed, scale, and cost of cyberattacks and increase reliance on highly concentrated third-party technology service providers, thereby undermining market confidence and threatening global financial stability. Bailey said most jurisdictions still lack regulatory and contingency protocols for the development, release, and deployment of frontier AI, and called on financial institutions and technology suppliers to strengthen vulnerability management, response, and recovery capabilities, and to prepare for more severe scenarios such as multiple institutions or shared technologies being compromised at the same time. In addition to AI, he also mentioned risks including sovereign debt market fragility, leveraged trading, vulnerabilities in private credit, and elevated valuations of AI-related assets.
An institution is suspected of planning to sell 154,300 ETH, worth about $378 million
An institution appears to be selling about 154,300 ETH (about $378 million). Over the past day or so, it has transferred 52,739 ETH (about $129 million) to six CEXs including Binance and OKX, while its wallet still holds 101,561 ETH (about $249 million). These ETH were withdrawn from Coinbase at about $1,700 in 2021-2022, used for staking in 2023, redeemed in January 2025, and recently consolidated before being transferred to CEXs.
U.S. Treasury Secretary Bessent: Warsh and I agree on bonds
U.S. Treasury Secretary Bessent: Fed Chair Warsh and I agree on bonds. Since U.S. President Trump took office, the 10-year Treasury yield has been basically flat. I did not say I was trying to change the direction of bonds. (Regarding the U.S. bond market) I do not think the equilibrium price can be changed. I do not intend to speculate on what the Fed may do. Fitch has reaffirmed the U.S. credit rating. Core inflation remains very moderate. Traditionally, interest rates are not raised when there is a supply shock.
U.S. Treasury Secretary Bessent: (Regarding the bond market) I have not bought any bonds yet
U.S. Treasury Secretary Bessent: (Regarding the bond market) I have not bought any bonds yet. I am working with budget director Vought on a fiscal consolidation plan. Perhaps the U.S. has become a top bond market because of buyback news. Hedge fund managers like to "speed up the process." Bessent also said he believes in Japan and that the Bank of Japan will take measures to push the yen higher. He believes the yen market has now priced in expectations.
NYSE parent ICE takes stake in tZERO to advance securities tokenization infrastructure
NYSE parent Intercontinental Exchange (ICE) announced a partnership with blockchain infrastructure company tZERO to build the underlying infrastructure for its planned NYSE-linked securities tokenization market. The two sides will jointly build an on-chain transfer agent and broker-dealer settlement system for securities tokens, and tZERO is expected to become the platform's digital transfer agent and participant, responsible for recording and compliance management of changes in tokenized stock holders. ICE is also participating in tZERO's new round of financing and licensing 103 of its blockchain patents. The two sides will also explore using tokenized assets as trading collateral in businesses such as ICE clearinghouses. In March this year, ICE had already designated Securitize as the digital transfer agent for the same platform.
WeChat Pay AI-exclusive card now supports integration with DeepSeek Harness and OpenClaw
WeChat Pay announced that its AI-exclusive card now supports use in DeepSeek Harness and OpenClaw. After user authorization, the process from intelligent recommendation to order payment can be completed within conversations. The AI-exclusive card can currently be used in the above two products to pay for more than 700 Pay Skills on Skillhub, with more scenarios to be expanded later. The activation process includes: installing the weixinpay plugin for DeepSeek Harness or OpenClaw via the npx command, having the Agent generate a binding link when using paid skills on Skillhub and completing WeChat Pay AI-exclusive card binding, and then for each order the user confirms again on the mobile end and payment is deducted from the exclusive card balance. The official statement emphasizes that the exclusive card is isolated from main account funds, limits are independently controllable, and every payment requires user confirmation.
U.S. SEC plans to repeal current rules on shareholder proxy proposals for listed companies, submitted to White House for review
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) is planning to repeal the current rules on shareholder proxy proposals for listed companies. The relevant proposal has reportedly been submitted to the White House Office of Management and Budget (OMB) for review, marking the latest step in formally advancing regulatory adjustments. This action is part of SEC Chairman Paul Atkins' push to adjust the relationship between listed company shareholders and management. Current rules allow eligible shareholders to submit proxy proposals to listed companies and seek to include relevant motions in shareholder meeting votes. If the rules are ultimately repealed, the ways in which listed company shareholders participate in corporate governance, propose motions, and influence management decisions may change significantly, and it may also change the competitive dynamics between activist investors and listed companies. The plan is still in the regulatory review stage, and the final rules and specific implementation methods have not yet been determined.
Pump transferred about $13.74 million in SOL fee revenue to Kraken
About 20 minutes ago, Solana ecosystem project Pump transferred 132,937 SOL (about $13.74 million) as fee revenue from its address to the centralized exchange Kraken.
Tesla's intraday gain expanded to more than 5%, now at $366.59
Bybit data shows that Tesla (TSLA.O) expanded its intraday gain to 5.12%, now at $366.59.
U.S. "Department of War" launches Grok for Government on GenAI.mil
The department has launched Starshield AI's Grok for Government on its generative AI platform GenAI.mil. This version has been approved for use in Impact Level 5 (IL5) controlled unclassified information (CUI) environments and will provide military personnel with deep reasoning, adaptive reasoning modes, customized workspaces, persistent projects, and reusable "playbooks," applied to scenarios such as procurement market research and supply chain management. In the nine months since GenAI.mil went live, it has attracted more than 1.7 million unique users, more than half of the Department of Defense's over 3 million total workforce. The Department of Defense said the introduction of Grok is intended to expand the selection of cutting-edge AI tools, avoid vendor lock-in, and promote the development of the U.S. AI ecosystem.
U.S. debt spiraling out of control accelerates capital outflows, options bet on Bitcoin reaching $100,000 in 2026
The United States' top primary deficit has triggered capital flows into safe-haven assets. Although rising yields are usually negative for non-yielding assets, debt concerns have supported Bitcoin's 23% gain this month. In the Bitcoin options market, the notional open interest of call options in the $80,000 to $100,000 strike price range is worth billions of dollars. This distribution indicates that capital is intensively betting on BTC breaking through $100,000 in the last four months of 2026. This is the clearest market pricing of the future price path after the shift in the macro narrative.
C1 Fund expands portfolio to 11 crypto companies, adds Polymarket and repurchases about $824,000 in stock
Crypto asset investment fund C1 Fund announced its Q2 2026 performance, disclosing that as of the second quarter of this year, its portfolio has expanded to 11 crypto companies, covering areas such as crypto payments, custody, compliance, staking, exchanges, development infrastructure, and prediction markets. Its two largest investment exposures are Ripple (17.5% of net assets) and Kraken parent company Payward (16.9%), and it also newly invested in the prediction market platform Polymarket, but did not disclose the specific investment amount. C1 Fund also said that as of July 31, it had repurchased and canceled 249,300 company shares at a total cost of about $824,000, and is currently authorized to repurchase up to $3 million in stock.
Analysis: Meme coin frenzy has caused a clear shift in Robinhood Chain's actual use cases
DeFiLlama data shows that Robinhood's blockchain Robinhood Chain had its busiest day since launch on August 30, with single-day transaction volume reaching a record 5.52 million transactions. On-chain application revenue over 24 hours was about $2.66 million, second only to Solana's $5.07 million and exceeding Ethereum and other major public chains. Among this, decentralized exchange (DEX) trading volume on Robinhood Chain was about $875 million, with Uniswap accounting for the largest share, as its two versions contributed about $432 million and $357 million respectively. Meme coin trading is becoming the core driver of the surge in Robinhood Chain activity. Data shows that the token issuance platform Pons created about 22,600 tokens in a single day, an increase of more than 40% from the previous day; the three applications GMGN, Pons, and Uniswap together contributed about 88% of on-chain application revenue. It is worth noting that when Robinhood Chain launched on July 1, its main focus was the tokenization of real-world assets such as stocks. But two months after launch, the network's main activity has clearly shifted toward Meme coin issuance and trading, and tokenized stocks have not become the main trading scenario. Robinhood itself will also benefit from on-chain activity. As the network operator, Robinhood will earn revenue from transaction fees paid by users, though the company has not yet disclosed the specific amount, saying only that it can receive fees of a few basis points per transaction. From "stock tokenization" to a "Meme coin frenzy," Robinhood Chain's actual usage scenarios are undergoing a clear shift.
The "September stock market curse" is approaching, and the market is being pushed to a critical tipping point
In August, U.S. stocks barely maintained their upward momentum amid volatility, but analysts warn that as the S&P 500 stalls at high levels, the rebound in Treasury yields and the valuation divergence in Nvidia have pushed the market to a critical tipping point. However, investors should not be fooled by this apparent "calm." Historical experience shows that September is often the worst month for U.S. stocks, and in 2026, an election year with strong prior stock market performance, seasonal factors may change. Veteran market commentator Michael Santoli said that what truly deserves vigilance is that multiple key market indicators are in a "stretched" state, and once thresholds are breached, the market's characterization will change dramatically. At present, the market-implied probability of a rate hike in September has risen above 50%. Under such "coin-flip" policy expectations, the Fed's communication transparency appears to be declining, while the economy is showing the strange characteristic of running at two speeds. For a generation of investors accustomed to low interest rates, yields approaching 5% feel extremely aggressive, which has also left most debt issued in recent years in an "underwater" loss state.
Analysis: The Fed and the Treasury are "each playing their own game," and gold may face a bull-bear watershed
Gold extended its decline on the last trading day of August. The previous trading day, international spot gold plunged more than 3%, the largest single-day drop since June 10; during Monday's session, it briefly fell below $4,400 per ounce before narrowing its losses. On the surface, this correction stemmed from hawkish signals released by Federal Reserve Chairman Kevin Warsh, but the deeper change lies in this: the "dollar depreciation" expectation that had previously driven gold higher is now being countered by higher interest rates and higher Treasury yields. The real bull-bear watershed for gold is not whether Warsh is "hawkish," but whether U.S. economic data can support this round of rate hike expectations, and who ultimately gains the upper hand in the policy tug-of-war between the Fed and the Treasury. Rajeev De Mello, global macro portfolio manager at GAMA Asset Management, expects gold may pull back to $4,200 to $4,300 per ounce in the short term, but as a long-term holder, he still chooses to continue holding gold.
JPMorgan's nonfarm payrolls scenario analysis: too strong will drag down U.S. stocks, too weak will trigger stagflation concerns
JPMorgan's market intelligence team believes that after this Friday's U.S. nonfarm payrolls data is released, the S&P 500 is more likely to weaken. The JPMorgan team led by Andrew Tyler expects that a "good news is bad news" market environment may emerge after the jobs data is released, and believes that new jobs in the range of 30,000 to 70,000 is the right amount for the market. Analysts expect 55,000 new jobs. "Stronger nonfarm payroll data could push bond yields higher and drag down stocks. The logic is that more employment will bring more consumption, and this overall strength will in turn boost corporate confidence in further hiring," the team said in its report. "However, if the data comes in significantly below expectations, for example, another decline in employment, it could reignite market concerns about stagflation."
Telegram launches Gram Wallet to some users, will gradually open to 1 billion users in coming weeks
Telegram founder and CEO Pavel Durov announced that Telegram has launched Gram Wallet to some users and plans to gradually open it to Telegram's more than 1 billion users in the coming weeks. Pavel Durov said that the smart contracts behind Gram Wallet have been approved by validators, paving the way for further promotion of the wallet. It is reported that Gram Wallet is based on the Telegram ecosystem and the TON network, and is expected to further lower the threshold for users to enter the crypto asset space and promote the deep integration of crypto wallets and social applications.
Hyperliquid in talks with Kraken parent company about entering the U.S. market
Hyperliquid Labs is in advanced talks with Payward, the parent company of Kraken, to offer perpetual contract trading in the Hyperliquid ecosystem to U.S. traders through the latter's exchange Bitnomial. People familiar with the matter revealed that if regulatory approval is ultimately obtained, U.S. users will be able to trade some perpetual contracts linked to token prices on the Hyperliquid blockchain through Bitnomial. This potential cooperation comes as Hyperliquid accelerates its expansion into the U.S. market. Just weeks ago, U.S. President Trump said his administration is working to promote Hyperliquid's entry into the U.S. market. Neither side has commented on the relevant plans so far, and the final transaction still requires approval from regulators.
1789 Capital plans to invest about $300 million more in Polymarket, valuation may rise to $21 billion
1789 Capital, where Donald Trump Jr. serves as a partner, plans to invest about $300 million more in the prediction market platform Polymarket. The investment is part of a roughly $1 billion funding round led by 1789 Capital, and if completed, Polymarket's valuation would reach about $21 billion. If completed, Polymarket's valuation would reach about $21 billion. 1789 Capital has previously invested a cumulative total of about $200 million in Polymarket, and after this round is completed, it will become one of its largest investors. Polymarket's current largest investor is Intercontinental Exchange (ICE), which previously disclosed holding Polymarket shares worth $1.6 billion, accounting for about 22% of the company's outstanding shares.
Solana transaction fees hit record high, validator inflation reduction speed doubles
On Thursday (August 27), the seven-day average fee on the Solana network, denominated in SOL, reached nearly 9,200 SOL, a record high and up more than 80% from three months ago. The seven-day average of non-vote transactions reached 191 million, a record high, compared with only 88 million in the same period last year. Jito validator fees averaged 2,073 SOL per day over the past week, up 26% month-over-month, directly reflecting increased on-chain activity. At the same time, the SGP-0002 "dual deflation proposal" passed with 67.001% support and a 60.7% turnout rate, setting a record for participation in Solana on-chain governance. The proposal doubles the annual inflation reduction rate from 15% to 30%, and is expected to reduce issuance by about 18.9 million SOL over the next six years. This means staking yields will fall from the current roughly 5.25% to 2.25% in the third year, and small and medium-sized validators that rely on inflation income rather than transaction fees may become unprofitable within the next three years.
Robinhood Chain DEX single-day trading volume hits record high of $989 million, TVL exceeds $700 million
Robinhood Chain set a single-day DEX trading volume record of $989 million last Friday, with total value locked (TVL) reaching $708 million, up nearly 100% month-over-month; on-chain stablecoin supply was about $770 million, up 47% month-over-month. Over the past month, the types of popular projects on the chain have shifted significantly. In July, Robinhood Chain was dominated by meme coins, but in August, the heat has shifted to utility and infrastructure tokens. Among them, the Launchpad platform PONS saw its market cap soar from $20 million to over $200 million. Another launch platform, LONG, focuses on meme coins paired with tokenized stocks, among which the AI token (Artificial Inu, paired with tokenized NVDA) saw its market cap surge from $1.5 million on August 1 to a peak of $135 million on August 30.
Ontology: Mainnet block production paused due to security risks, user assets unaffected
Ontology posted on the X platform that the team discovered potential security risks during routine security checks and has paused mainnet block production to conduct a comprehensive security review. Ontology emphasized that no security incident has been confirmed so far, user assets are unaffected, and ONT, ONG, and other on-chain assets are unaffected based on current assessment. This pause is a preventive security measure, not a response to confirmed asset losses or an ongoing attack. The recovery time has not yet been determined, and the team will prioritize ensuring the thoroughness of the review.
Lazarus Group recently moved over $30 million in funds through Hyperliquid
Addresses associated with the DPRK hacking group Lazarus Group, sanctioned by OFAC, have recently continued to actively transfer more than $30 million in funds through Hyperliquid (HyperUnit). After the funds arrived at Hyperliquid/HyperUnit via Bitcoin, they were swapped from Bitcoin into ETH and SOL, then bridged to Tron, Solana, and Ethereum, and ultimately deposited into KuCoin, Lbank, Kraken, and multiple unlabeled Tron-chain services. One fund cluster (with inflows of about $30 million) can be traced back to addresses already labeled as Lazarus, while another cluster (with about $5 million in HL trading volume) has source addresses highly similar to labeled Lazarus wallets in terms of dormant patterns, address types, and counterparty behavior. ZachXBT had previously identified these addresses as Lazarus Group in 2024, linking them to $61 million in stolen funds.
Bitfinex published an analysis stating that despite a tightening macro environment, Bitcoin remains steady above $77,100. Last week, after Federal Reserve Chair Warsh's hawkish speech in Jackson Hole, BTC pulled back from above $81,000, but the August rally was driven mainly by spot buying rather than excessive leverage: open interest rose gradually, the basis remained relatively restrained, and last week U.S. spot Bitcoin ETFs saw net inflows of nearly $1 billion, while Ethereum investment products recorded net inflows of $815.7 million for 10 consecutive days. On the macro front, U.S. PCE inflation was 3.7%, core inflation 3.3%, Q2 private demand grew at an annualized 4.2%, and the deficit reached $1.8 trillion in the first 10 months of the fiscal year. Warsh confirmed that the 2% inflation target is a hard constraint, and the market raised the probability of a September rate hike to 57%. Bitfinex believes ETF and stablecoin liquidity continue to support prices, but rate hike expectations limit upside, and if crypto inflows remain resilient it will prove that underlying demand is still solid.
Suspected Bitmine wallet received and accumulated 20,000 ETH from FalconX, worth about $49.42 million
A wallet possibly belonging to Bitmine received and accumulated 20,000 ETH (about $49.42 million) from FalconX.
Pump fun sold another 133,000 SOL about 9 hours ago, worth about $13.75 million
Pump fun sold another 132,935 SOL ($13.75 million) about 9 hours ago. To date, Pump.fun has cumulatively sold 5,110,924 SOL ($834.3 million) at an average price of $163.2.
Bitmine bought $126 million in ETH from FalconX and BitGo 2 hours ago
Tom Lee's Bitmine bought another 51,000 ETH ($126 million) from FalconX and BitGo 2 hours ago.
U.S. SEC intensifies scrutiny of SPVs investing in private companies, requiring proof of asset authenticity
The U.S. Securities and Exchange Commission (SEC) has stepped up scrutiny of companies behind so-called special purpose vehicles (SPVs). According to people familiar with the matter, SEC examiners have been asking registered investment advisers to provide evidence that their SPVs actually own or hold the shares of private companies they claim to hold. Some of the people said that such funds stepped up marketing efforts ahead of SpaceX's high-profile initial public offering and Anthropic's planned listing, while investor complaints also increased, prompting regulators to decide to strengthen scrutiny. According to one of the people, current SEC examinations typically include document requests, and some also include on-site interviews. The review process can last from several weeks to a year.
Anthropic signs $35 billion cloud services agreement with Nvidia-backed Lambda
People familiar with the transaction said Anthropic has reached a cloud computing agreement worth $35 billion with Lambda, a cloud service provider invested in by Nvidia, and the data center lease rights belong to Nvidia. The data center is being built by Hut 8, a Bitcoin miner and data center developer, in Nueces County, Texas. The people said Nvidia signed a contract with Hut 8 a few weeks ago to lock in that computing power. This complex cooperation model again reflects Nvidia's increasingly important role in helping non-investment-grade credit companies such as Anthropic obtain expensive computing resources. The agreement also helps emerging cloud provider Lambda win a large order from Anthropic without having to purchase its own data center site. Lambda will use the data center under construction by Hut 8 to deploy chips purchased from Nvidia, which is also an investor in Lambda. It is unclear how much Lambda needs to pay Nvidia to use the data center site.
Injective reportedly suspended for about 4 hours due to binary options vulnerability, with about $4.9 million stolen
X platform user Paddy-earthling disclosed that Injective was suspended for about 4 hours today due to a binary options vulnerability, and the attacker exploited a deactivated but still registered oracle (Frontrunner) to steal about $4.9 million. The oracle's data source had long been emptied, and the attacker created 299 markets pointing to that oracle. Because prices could not be obtained, a "no-price refund" mechanism was triggered, and the attacker exploited a flaw in that mechanism to obtain roughly 2x payouts, then swapped USDC into about 1,980 ETH (about $4.9 million), currently held in an Ethereum wallet that has never sent any transactions. Paddy-earthling pointed out that after the attack, Injective's official X account posted marketing content as usual without mentioning that the chain had been paused. InInjective has made its core chain code private, but the attacker discovered the vulnerability through the public SDK, a move that instead excluded white hats and auditors. The funding gap has been filled at the protocol layer, but the repair process involved no governance vote and no public explanation, and cannot be verified. The attacker has currently gathered all funds into one wallet and has not moved them, apparently weighing a white-hat settlement proposal. The author disclosed that he holds a long INJ position.
An address staked 488,600 HYPE, with unrealized gains of $23.73 million after holding for 5 months
After news broke that Hyperliquid is planning to enter the U.S. market, an address transferred 488,600 HYPE ($40.91 million), accumulated through FalconX 5 months ago, into Hyperliquid and staked it. These HYPE were priced at about $35 five months ago and currently have unrealized gains of $23.73 million (+138%).
a16z growth fund expanded to $8.5 billion, after raising a new $1.1 billion AI hardware fund days earlier
Andreessen Horowitz (a16z) has expanded its fifth growth fund from $6.75 billion at its January launch to $8.5 billion, adding $1.75 billion. A few days earlier, a16z had just announced it raised $1.1 billion for a newly established "Machine Age Fund" focused on AI hardware startups, including chips, memory, networking, and storage. The growth fund has operated for seven years and invested in more than 100 companies, currently focusing on enterprise and consumer AI technologies, defense technology, robotics, infrastructure software and hardware, and health technology. In January this year, a16z also announced a $15 billion new fund, when its assets under management reached $90 billion.
Strategy opposes MSCI proposal, says digital asset treasury companies are being targeted for the second time
Strategy has sent a letter to index provider MSCI, opposing its proposal to remove "non-operating companies" from global investable market indexes, calling it "misguided" and discriminatory. Strategy pointed out that MSCI proposed a similar measure in 2025 (intending to exclude companies whose digital asset holdings account for more than 50% of total assets) and withdrew it, and that this proposal is old wine in a new bottle, achieving the same result. Strategy emphasized that it is an operating company, reports its Bitcoin business as an operating segment, treats gains and losses as operating expenses, has 1,500 employees worldwide, and actively uses Bitcoin to create shareholder value. Strategy warned that although the proposal would not have a material impact on the company's business, it would seriously damage MSCI's reputation as a reliable and neutral index provider. Earlier news said MSCI planned to exclude "non-operating companies" from global investable market indexes, and Strategy responded that Bitcoin does not need MSCI.
Zhao Changpeng: Hong Kong cannot just "hold on to" HKEX; putting assets on-chain can unlock liquidity in small and medium-sized markets
Binance founder Zhao Changpeng said in an interview that Hong Kong is "very progressive in its thinking" and can be called the top "sandbox" for China's digital currency experiments. It is very suitable for financial innovation and the Web3 industry, but if it wants to maintain its leading position in Asian finance, it cannot rely only on traditional thinking to "hold on to HKEX" and must try financial innovation. He is especially bullish on the potential of RWA tokenization, believing that putting assets on-chain can break time-zone and cross-border restrictions and unlock the liquidity of assets in small and medium-sized markets. Zhao Changpeng believes that Hong Kong still needs more regulatory freedom. "Right now there is either no regulation, or regulation is too strict." Speaking about the industry outlook, Zhao Changpeng said the crypto industry has already survived the harshest "winter," industry fundamentals are healthy, and after eight years of development, decentralized exchanges have become more mature in both technology and user awareness. If global regulatory policies continue to loosen, the industry will see an even bigger explosion. On AI, Zhao Changpeng said bluntly that Hong Kong is not an internet hub, and AI is not its strength. He predicted that AI agents will use cryptocurrencies extensively for automated transactions in the future, likely starting with stablecoins and gradually connecting to assets such as Bitcoin.
Zhao Changpeng shares "four no's" wealth management principles: no stocks, no property speculation, no short-term crypto trading, and no holding too much cash
Binance founder Zhao Changpeng reviewed his journey from rural Jiangsu to a fortune of hundreds of billions in an exclusive interview and shared his "four no's" wealth management principles: no stocks, no property speculation, no short-term crypto trading, and no holding too much cash. He explained that real estate transactions take too long and the returns are not worth it, and he has never traded stocks or done short-term crypto trading. He only holds for the long term and sells part of his crypto assets when needed. "Holding fiat currency is the dumbest investment; cash keeps depreciating." In 2013, Zhao Changpeng sold his house and went all in on Bitcoin, and the price once fell by two-thirds and traded sideways for a year and a half. In 2017, he founded Binance, which became the world's largest crypto exchange within five months. In 2023, he was sentenced to four months in prison for violating the U.S. Bank Secrecy Act, and last year he received a pardon from Trump. His current net worth is about $114.6 billion. He admitted that success is luck, but the key is continuously making the right decisions and correcting mistakes quickly.
Fomo acquires Mobula's data indexing software and team for $17 million
On-chain social trading app Fomo acquired Mobula's data indexing software and team for $17 million. Fomo CEO Paul Erlanger said traders need timely price, trading, and wallet data to decide whom to follow and what to buy.
OpenClaw releases its largest update ever, OpenClaw 2.0, including a simplified installation process
OpenClaw announced that the open-source AI agent framework OpenClaw 2.0 has officially launched. This is the largest update in the project's history, with 933 contributors and more than 16,000 pull requests. The update covers all modules including installation, messaging, memory, skills, models, automation, browser and native apps, plugins, and security. The development team simplified the installation process and rebuilt the browser app as the main interaction interface, allowing users to get started faster. The new version introduces shared cloud session functionality, supporting multi-person collaboration and task handoffs. OpenClaw 2.0 remains open source and does not depend on any single company or AI provider.
An address bought BONER for $377.7 and now has an unrealized profit of $695,000, a return of 1,858x
Address 0xa56...d7b5a bought 11.73 million BONER for $377.7 (at a unit price of $0.00003173) on August 21, when the market cap was only $31,000. The current unrealized profit exceeds $695,000, a return of more than 1,858x.
FOMO Co-founder: The platform is growing rapidly, adding 30 new users every minute.
Fomo co-founder @seyong announced on X that the platform has seen rapid growth recently, adding 30 new users every minute. Additional data shows that in the week ending August 24, the weekly trading volume of the social trading app neared $1.3 billion. The daily active user counts of Fomo and Pump are close to those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.
5 minutes ago
1.5TB reduced to 214GB: Tencent releases extreme quantized version of Hy4 preview
Beating AI News: Just after the Hy4 preview went open-source, Tencent has released an extreme quantized version of its Hunyuan model. The original model weights are nearly 1.5TB, while the new GGUF version is only around 214GB, drastically lowering the local deployment barrier for this 770B MoE model. Tencent did not uniformly quantize the entire model to 1.25-bit; instead, it applied different quantization levels based on each layer’s sensitivity to precision: non-critical layers are compressed to as low as ~1.31-bit, while sensitive layers retain 2-bit or higher precision, resulting in an average of ~2.38 bits per weight (bpw). In four benchmarks provided by Tencent, the quantized version only dropped 0.2 to 1.6 points compared to the BF16 original. After compression, Tencent also tested heterogeneous device joint inference with prima.cpp. A setup consisting of an RTX 4090 laptop and a 4-A4000 server, with only 80GB of total VRAM and 64GB of RAM, achieved an inference speed of 1.02 tokens per second—roughly 6 times faster than running the model offloaded on the laptop alone. Multiple devices with different configurations can also jointly share the model inference workload.
5 minutes ago
Japan's 10-year government bond yield rises to 3% for the first time in 30 years.
Japan’s 10-year government bond yield climbed to the 3% level for the first time since September 1996.
5 minutes ago
The X-Agent AI MCP Hackathon 2026 will kick off on September 2, featuring two tracks competing for USDT and X-Points prizes.
X-Agent has announced that the X-Agent AI MCP Hackathon 2026 will officially launch on September 2, inviting global developers and teams to submit practical, verifiable Agent and MCP applications. The online global event is supported by OlaXBT and features two tracks: 1. The Open Innovation Track encourages participants to build any practical API-driven Agent or MCP capabilities, focusing on areas including AI, crypto assets, data, automation, and Agent infrastructure. 2. The OlaXBT × X-Agent Trading Challenge grants participating teams access to OlaXBT Nexus MCP, enabling them to develop trading strategies, run backtests, analyze performance, and utilize market data to validate strategies and build related Agent or MCP applications. Total rewards consist of USDT and X-Points. Each track’s first-place team will receive 500 USDT, while the top five teams in each track will split X-Points—tokens eligible for participating in the airdrop of X-Agent’s $XAGT. Winning and selected projects will also gain access to support such as MCP standardization, ecosystem exposure, market integration, and paid call commercialization. The registration and development period runs from September 2 to September 19. Technical review and judging will take place between September 20 and October 1, with the winner list expected to be announced from October 2 to 4. Participants must submit projects via the official GitHub repository. For registration and event details, please refer to the original link.
5 minutes ago
Trader 'CBB' bought $10.5 million worth of HYPE spot, completing a 1:1 spot-futures hedge by shorting an equal amount.
According to TradingBeats monitoring, trader "CBB"-linked sub-accounts have cumulatively purchased 125,492.4 HYPE spot tokens since 00:45 today, for approximately $10.5506 million at a weighted average price of $84.073. Meanwhile, alongside these spot buys, the account added a short position of 125,458.02 HYPE perpetual contracts on 10x cross margin, with a position size of around $10.5524 million and an average entry price of $84.111. The quantity and value of both trade legs almost perfectly align, forming a nearly 1:1 spot-perpetual hedge. Currently, HYPE’s funding rate remains positive, meaning long positions pay funding fees to shorts. The account has received roughly $1,818.6 in funding fees today via its short perpetual position. This strategy also uses borrowing to boost capital efficiency: the account has enabled portfolio margin, holding approximately 190,538 HYPE as assets while borrowing around 7.56 million USDC, resulting in a USDC balance of roughly -$5.96 million. The main account has seen a net inflow of around $10 million this cycle, with the remaining spot exposure primarily funded through USDC borrowing. This address is a sub-account named "2 HYPE DN" under the main wallet 0x49e9. The main account currently holds an additional ~15.696 million USDC and controls multiple related sub-accounts. Main account: 0x49e96e255ba418d08e66c35b588e2f2f3766e1d0; Trading sub-account: 0x642ed9529b2c4fc33da54d1005b6aa12aefdf814 On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time Hyperliquid data viewing, address-based tracing of whale operations, and comprehensive in-depth analysis.
5 minutes ago
PeckShield: 50 major hacking incidents hit the crypto industry in August, up 67% month-on-month.
According to PeckShield’s monitoring, 50 major hacking incidents hit the crypto industry in August 2026, a 67% rise from the 30 cases in July, with total losses of roughly $136.3 million—down 49.5% month-over-month. Among these, the Cronos ecosystem lending protocol Tectonic suffered a hack that caused about $74 million in losses, making it the largest single incident of the month and the fourth-largest crypto asset theft case of the year. The attackers only bridged approximately $6 million to Ethereum before Cronos suspended its network, leaving most of the remaining funds stranded on Cronos.
FOMO Co-founder: The platform is growing rapidly, adding 30 new users every minute.
Fomo co-founder @seyong announced on X that the platform has seen rapid growth recently, adding 30 new users every minute. Additional data shows that in the week ending August 24, the weekly trading volume of the social trading app neared $1.3 billion. The daily active user counts of Fomo and Pump are close to those of Polymarket, Hyperliquid, and Phantom, ranging from 60,000 to 100,000 respectively.
5 minutes ago
1.5TB reduced to 214GB: Tencent releases extreme quantized version of Hy4 preview
Beating AI News: Just after the Hy4 preview went open-source, Tencent has released an extreme quantized version of its Hunyuan model. The original model weights are nearly 1.5TB, while the new GGUF version is only around 214GB, drastically lowering the local deployment barrier for this 770B MoE model. Tencent did not uniformly quantize the entire model to 1.25-bit; instead, it applied different quantization levels based on each layer’s sensitivity to precision: non-critical layers are compressed to as low as ~1.31-bit, while sensitive layers retain 2-bit or higher precision, resulting in an average of ~2.38 bits per weight (bpw). In four benchmarks provided by Tencent, the quantized version only dropped 0.2 to 1.6 points compared to the BF16 original. After compression, Tencent also tested heterogeneous device joint inference with prima.cpp. A setup consisting of an RTX 4090 laptop and a 4-A4000 server, with only 80GB of total VRAM and 64GB of RAM, achieved an inference speed of 1.02 tokens per second—roughly 6 times faster than running the model offloaded on the laptop alone. Multiple devices with different configurations can also jointly share the model inference workload.
5 minutes ago
Japan's 10-year government bond yield rises to 3% for the first time in 30 years.
Japan’s 10-year government bond yield climbed to the 3% level for the first time since September 1996.
5 minutes ago
The X-Agent AI MCP Hackathon 2026 will kick off on September 2, featuring two tracks competing for USDT and X-Points prizes.
X-Agent has announced that the X-Agent AI MCP Hackathon 2026 will officially launch on September 2, inviting global developers and teams to submit practical, verifiable Agent and MCP applications. The online global event is supported by OlaXBT and features two tracks: 1. The Open Innovation Track encourages participants to build any practical API-driven Agent or MCP capabilities, focusing on areas including AI, crypto assets, data, automation, and Agent infrastructure. 2. The OlaXBT × X-Agent Trading Challenge grants participating teams access to OlaXBT Nexus MCP, enabling them to develop trading strategies, run backtests, analyze performance, and utilize market data to validate strategies and build related Agent or MCP applications. Total rewards consist of USDT and X-Points. Each track’s first-place team will receive 500 USDT, while the top five teams in each track will split X-Points—tokens eligible for participating in the airdrop of X-Agent’s $XAGT. Winning and selected projects will also gain access to support such as MCP standardization, ecosystem exposure, market integration, and paid call commercialization. The registration and development period runs from September 2 to September 19. Technical review and judging will take place between September 20 and October 1, with the winner list expected to be announced from October 2 to 4. Participants must submit projects via the official GitHub repository. For registration and event details, please refer to the original link.
5 minutes ago
PeckShield: 50 major hacking incidents hit the crypto industry in August, up 67% month-on-month.
According to PeckShield’s monitoring, 50 major hacking incidents hit the crypto industry in August 2026, a 67% rise from the 30 cases in July, with total losses of roughly $136.3 million—down 49.5% month-over-month. Among these, the Cronos ecosystem lending protocol Tectonic suffered a hack that caused about $74 million in losses, making it the largest single incident of the month and the fourth-largest crypto asset theft case of the year. The attackers only bridged approximately $6 million to Ethereum before Cronos suspended its network, leaving most of the remaining funds stranded on Cronos.
5 minutes ago
Monetary Authority of Singapore launches public consultation on stablecoin regulation.
Monetary Authority of Singapore (MAS) is soliciting public comments on proposed legislative amendments to the Payment Services Act 2019, aiming to establish a stablecoin regulatory framework in Singapore. The regulator is also seeking public feedback on related proposals for additional regulatory requirements, which draw on developments in the stablecoin industry since 2023. The consultation additionally collects input on policy stances including recognition of cross-jurisdictional and offshore-issued stablecoins. The comment deadline is October 16.
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.
Stablecoins could make borrowing more expensive. That was the warning from Bank for International Settlements chief Pablo Hernández de Cos on August 28, as banks expand into digital money.
These digital assets are becoming an awkward asset class for banks. Because it’s almost killing their business model and forcing them to introduce new products.
The stablecoin market now holds roughly $304 billion, including about $183 billion in Tether and $74 billion in USDC. Federal Reserve researchers describe these tokens as potential competitors to traditional transaction accounts.
Arthur Firstov, Chief Business Officer at Mercuryo, told BeInCrypto why that matters.
“Stablecoins stopped being a crypto product and became a payments product. For years banks could wave it off as ‘crypto infrastructure’ – that’s a much harder line to hold when stablecoins are being used for payments, treasury, cross-border settlement, cards, merchant payouts, and institutional settlement. At that point they’re competing directly with one of the most valuable products a bank has: the transaction account.”
Banks are responding. A Federal Reserve survey in September 2025 found roughly half of respondents were prioritizing growth in at least one stablecoin or digital-asset area over the following three years.
What Happens to the Deposit?
J.P. Morgan’s JPM Coin represents a bank deposit on a blockchain. Société Générale-FORGE’s CoinVertible is a MiCA-regulated stablecoin backed by segregated collateral. Similar technology carries different promises to customers.
Nitin Gaur, Head of Institutions at Nethermind, explains the distinction.
“The interesting question stopped being whether a bank can issue and became what a bank is issuing. A tokenized deposit and a bank-issued stablecoin are two different liabilities with different legal character, different capital treatment, different insurance status and different settlement properties.”
A tokenized deposit remains bank funding. Under the US GENIUS Act, payment stablecoins require at least one-to-one backing with eligible reserves, such as cash or short-dated Treasuries. Treasury proposed implementation rules on August 17.
Gaur describes what that can mean for a bank’s balance sheet.
“A stablecoin issued under a GENIUS pathway is not a deposit. It is a payment instrument backed by segregated reserves the issuer cannot lend against. When a treasurer moves a hundred million from a demand deposit into the bank’s own coin, the bank has converted a funding source into a matched, non-lendable reserve pool,” Gaur said.
The wider effect depends on where reserves end up. Money deposited back at banks can still provide funding, although it may be more concentrated and quicker to leave.
Adrian Wall, Managing Director of the Digital Sovereignty Alliance, identifies the risk.
“If stablecoin adoption ultimately shifts funding away from bank deposits rather than recycling those funds back into the banking system, banks could face higher funding costs and potentially less capacity to extend credit.”
Payments Beyond Banking Hours
Customers already have reasons to use these products. In July, Citi reported a dollar payment from London to Thailand over a US holiday weekend, using its tokenized-deposit service alongside round-the-clock clearing.
Western Union launched USDPT in May, with Anchorage Digital Bank issuing the stablecoin on Solana.
The models are growing at different scales. J.P. Morgan reports around $7 billion in daily activity across Kinexys products. CoinVertible reported €156.6 million of euro tokens and $12.55 million of dollar tokens outstanding on August 31.
Those figures measure transaction volume and circulating supply respectively, so they cannot establish which model is winning.
37 Banks, One Coin
As more banks enter, separate coins could leave money scattered across smaller pools, with users having to exchange one bank’s token for another. Connecting the technology does not guarantee conversion at face value during market stress.
Europe’s Qivalis has assembled 37 banks across 15 countries around a planned euro stablecoin. It targets a launch in the second half of 2026, subject to regulatory authorization.
Ernesto Olmedo Pereira, Head of Strategy & DeFi at Qivalis, says sharing the currency is deliberate.
“If every bank launches its own token, you get dozens of thin, incompatible pools instead of one deep, liquid euro instrument. Qivalis, an independent company backed by 37 banks, exists precisely because the banks behind it decided to build one shared, interoperable euro rail together rather than compete with 37 separate ones.”
European payments have made real progress. But global reach is still missing.
Qivalis: 37 banks across 15 countries unifying on a single on-chain euro payments rail. Near-instant. Cross-border. No detours.
DNB authorisation in progress. Launching H2 2026.#Qivalis… pic.twitter.com/NMUiZzGWkS
— qivalis (@qivaliseu) July 16, 2026
Banks could then compete through services surrounding that money, such as foreign exchange and corporate lending. The shared coin would carry payments between them.
Qivalis’s launch will test whether that cooperation can attract regular business beyond its founding banks.
Customers need money they can use across banking relationships. Banks will have to show that the services sold around those payments justify any higher cost of funding their loans.
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.
This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance is excited to launch the September Referral Tournament! Invite friends to join Binance and complete required tasks to earn up to 500 USDC in token voucher rewards. This month’s promotions are designed with more achievable milestones, making it easier for users to earn rewards by inviting friends to join Binance. The promotions are open to all eligible users, Binance Affiliates are not eligible to participate. Eligible new referrals can also complete the required onboarding tasks to receive up to 15 USDC in token vouchers. Promotion Period: 2026-09-01 00:00 (UTC) to 2026-09-30 23:59 (UTC) Join the Tournament Now! Promotion A: For All Users - Invite to Earn Referral Points and Earn Up to 500 USDC in Token Vouchers! Referrers can earn Referral Points for each task their new eligible referees complete. Accumulate Referral Points to qualify for tiered rewards. Rewards are limited and distributed on a first-come, first-served basis. How to Earn Referral Points: Referee TasksReferral Points Earned per RefereeCumulatively top up at least $30 equivalent via Fiat deposit, Buy Crypto or P2P.+1 PointAccumulate at least $50 equivalent in Convert or Spot trading volume (excluding zero-fee Spot trading pairs and bStocks trading volume).+1 PointAccumulate at least $100 equivalent in bStocks trading volume.+2 PointsAccumulate at least $200 equivalent in Futures trading volume, including USDⓈ-M & COIN-M Futures.+2 PointsAccumulate at least $1,000 equivalent in Spot trading volume.+4 PointsAccumulate at least $3,000 equivalent in Futures trading volume, including USDⓈ-M & COIN-M Futures.+4 Points Note: Each task can only be completed once per eligible new referral. How to Participate: Step 1: Click [Join Now] on the activity page. Step 2: Invite new users to register for Binance using your Referral Pro Link or ID. Step 3: Your referrals complete the required tasks. Step 4: Accumulate Referral Points and level up to qualify for rewards. Tiered Rewards Structure: TiersMinimum Referral Points Reward per Eligible Participant (in USDC Token Vouchers)The Number of Total Rewards155 USDC50022015 USDC20035050 USDC904100100 USDC505200500 USDC20 Note: Tier rewards are not cumulative. Each eligible participant will receive only the reward corresponding to the highest tier unlocked during the Promotion Period. Promotion B: Exclusive For Eligible New Referrals - Complete Tasks to Get Up to 15 USDC in Token Vouchers! Newly referred users who register via a participating referrer’s Referral Pro Link or ID can receive rewards by completing the following challenges: Challenge 1: Basic Reward for Newcomers: The first 5,000 eligible new referees who complete all three of the following tasks during the Promotion Period and pass Binance's risk assessment will receive a token voucher worth up to 10 USDC in token vouchers: Log in to the Binance App at least once.Complete a cumulative deposit of at least $30 via Fiat deposit, Buy Crypto or P2P.Complete a cumulative trading volume of at least $50 on Convert and/or Spot. Challenge 2: Additional Reward After qualifying for the Basic Reward, the first 1,500 new referees who complete one of the following trading tasks during the Promotion Period and pass Binance’s risk assessment will receive an additional 5 USDC in token vouchers: Reach a cumulative Spot trading volume of at least $1,000 (excluding zero-fee trading pairs); or;Reach a cumulative Futures trading volume of at least $3,000. Terms & Conditions: Only users in certain regions are eligible to join this Promotion. Binance Affiliates are unable to access this promotion. Users may refer to the activity page for their eligibility to participate. Users in restricted regions are disqualified from participating in the Binance Referral Program as referrers or referred users.These terms and conditions (“Activity Terms”) govern users’ participation in the Referral Campaign (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions.In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Binance will use the price of the USDC trading pair at the time of trading to calculate the value of the trades completed during the Promotion Period. If there is no USDC pair for a specific cryptocurrency, it will be converted to another token or coin with a USDC pair to determine its value.Trading volume from Spot zero-fee trading pairs and the excluded token conversion via Convert during the Promotion Period will not be counted toward the new referral’s trade tasks.Excluded Convert trading pairs: FDUSD/USDT, USDC/USDT, TUSD/USDT, U/USDT, BUSD/USDT, USDP/USDT, DAI/USDT, GUSD/USDT, EURS/USDT, USDN/USDT, RSV/USDT, U/USDC, USDC/BUSD, BUSD/USDP, USDC/TUSD, DAI/USDC, FDUSD/TUSD, DAI/TUSD, FDUSD/USDC, DAI/FDUSD, AEUR/EUR, BUSD/FDUSD, EUR/EURI.Each new user can only be referred to Binance via one referral mode. If a new user registers for a Binance account via Referral Pro mode, the referrer will not be eligible for any rewards from limited-time activity referral ID/link nor Referral mode.Sub-accounts cannot be used to participate in this Promotion as either a referrer or a referral. Trades that are completed with a sub-account will not count toward the trading volume requirement.Any references to “$” means “United States Dollar”, unless otherwise stated.Reward Distribution:Eligible users must complete account verification (KYC) during the Promotion Period to receive the corresponding rewards.Rewards for Promotion A and Promotion B will be distributed in token vouchers by 2026-10-21 after the Promotions end. Users will be able to log in and redeem their token voucher rewards via Profile > Rewards Hub.The validity period to claim the token voucher is set at 14 days from the day of distribution. Users should redeem the token vouchers before the expiry date. Thereafter, the token vouchers will become invalid. Learn how to redeem a voucher.Users may be subject to Binance’s risk assessment procedure in relation to each reward or each product’s usage, and the user must pass the risk assessment in order to be eligible to earn rewards or use such a product. Referrers agree that they will only discuss Binance and its products in a fair and responsible manner, guaranteeing that they will not place undue pressure on their referrals to trade or act in a certain way. Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Promotion, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.At Binance's sole discretion, user participation will be considered without effect and users will automatically be excluded, disqualified and prevented from accumulating benefits, in cases where it is identified:Any violations of Binance's Terms of Use and other legal terms, as well as attempted or proven fraud, human and/or through the use of technology;Manipulation of results or failure to fulfill the requirements and provisions set forth in these Terms and Conditions;Completion, by the user, of incorrect, outdated, mistaken information or filled with untrue information, and may also be liable for the crime of ideological or documental falsehood;Registrations and participations for which any technological means have been used or there are indications of their use, whether electronic, computerized, digital, robotic, repetitive, automatic, mechanical and/or analogous, with the intention of automatic and/or repetitive reproduction of registrations, identical or not, which will also result in the nullity of all registrations and participations made by the user who has used one of the aforementioned means or for one of the aforementioned purposes, even if not all registrations or participations have resulted from the use of such means and/or were carried out with such purpose.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending these activities, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-08-31 Disclaimers: USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.EURI is an e-money token issued by Banking Circle S.A (https://www.bankingcircle.com/). EURI’s whitepaper is available here. You may contact Banking Circle using the following contact information: +44 (0)7867254482 and [email protected]. EURI purchasers can exchange their EURI at par value for funds denominated in the official currency that the EURI is referencing (EUR) for the monetary value of the EUR held by Banking Circle for the purchaser of the EURI. Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on: TelegramWhatsAppXFacebookInstagramDiscord Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, relevant Contract Specifications and Risk Warning. BStocks Tokenized Securities are Certificates representing Financial Instruments (paragraph 92, Schedule 1 to FSMR), traded on Nest Exchange Limited. BStocks represent an interest in underlying securities held by the Issuer and do not confer direct ownership of the underlying shares or stock. Ensure trading is lawful in your jurisdiction before proceeding. Tokenized Securities are high-risk products subject to market, liquidity, and price volatility risk — you could lose your entire investment. They do not represent ownership of, or any affiliation with, the underlying asset's issuer. Redemption, fees, and pricing adjustments are subject to the relevant Prospectus. This is not financial advice; seek independent advice before trading. See Responsible Trading page, Terms of Use, Exchange Rules, Exchange Procedures, relevant Prospectus, Admission to Trading Notice and Risk Warning.
Two other notable platforms that didn’t make to the main list but are worth watching are:
Thunes, the stablecoin settlement infrastructure supports USDC/USDT wallet payouts in 140 countries. However, published chain and custody details are limited. Zodia Markets, this platform supports 20+ fiat currencies and 70 digital assets; its public positioning is closer to institutional brokerage and liquidity than settlement. Quick Answer:
Circle Payments and Visa Stablecoin Settlement stood out as the two best stablecoin settlement platforms for financial institutions in this particular ranking. The former dominates multi-corridor payments while Visa is more focused on issuers and acquirers settling VisaNet obligations.
What are Stablecoin Settlement Platforms?
Stablecoin settlement platforms connect token transfers with the compliance, conversion and accounting processes institutions need. For banks, that involves more than moving USDC or USDT between wallets.
They need to know which entity provides the service and assess its KYC/KYB, AML and sanctions screening, transaction monitoring, wallet controls, reserve visibility and reconciliation.
Blockchain confirmation must also be treated separately from contractual finality, issuer redemption and final fiat credit. A transfer may be confirmed on-chain even though the payout is still under review, waiting for liquidity or not yet complete on a local banking rail.
List of Top Stablecoin Settlement Platforms
1. Circle Payments Network Best for Banks, EMIs, PSPs and remittance companies.
4.8
Circle CPN connects an originating financial institution with a beneficiary financial institution. The workflow covers quotes, on-chain USDC or EURC transfers, encrypted payment data, webhooks and local-currency payouts across supported corridors.
What to check before using it: Interested clients should check critical details such as whether beneficiary FI supports the destination currency and blockchain support for the preferred stablecoin. Other important factors to weigh include the quote, cut-off, refund, wallet and fiat-credit terms.
Key Factors Details Current scale $14.7B annualised run rate, up 76% QoQ; 175 enrolled FIs, up 29% QoQ at the end of Q2 2026 Independent controls Deloitte SOC 1 Type 2 for Circle Mint and SOC 2 Type 2 for Mint/Wallets; testing covered 1 Oct 2024 to 30 Sep 2025 Network risk controls 7 credential domains and 4 pre-match rule layers Exception handling Failed payment IDs cannot be resumed; a new quote and payment workflow are required Main Limit No publicly available corridor cut-off matrix or network-wide fiat-credit SLA
2. Visa Stablecoin Settlement Best for Visa issuers and acquirers looking for an alternative treasury settlement
4.6
Visa allows selected issuers and acquirers to settle VisaNet obligations with supported stablecoins across nine announced chains. The service is limited to treasury settlement and does not provide general payouts.
What to check before using it: For starters, verify whether the Visa stablecoin settlement programme is available in the operating jurisdiction, and whether live or in pilot. Another important check is the prefunding requirements, wallet ownerships, failure handling and associated fees for stablecoin settlement workflows.
Key Factors Details Current scale $7B annualised settlement run rate, up 50% QoQ as of 29 April 2026 U.S. live proof The initial U.S. rollout includes 2 banks: Cross River Bank and Lead Bank Operating window Settlement is available 7 days per week. This does not guarantee end-to-end finality Integration disclosure Visa describes the settlement process as API-driven but does not publish stablecoin endpoint documentation Main limit No public confirmation policy, product-level audit scope or reorg/liability schedule Also Read – Who Can Power Visa’s $7B Stablecoin Machine After BVNK?
3. Ripple Payments Best for banks, fintechs and PSPs that need managed collection, and local payout infrastructure.
4.5
Ripple Payments combines collection, managed wallets, stablecoin and fiat conversion, quote-level fees and local payouts across more than 60 markets.
What to check before using it: Since Ripple uses different contracting entities and licenses based on the corridor, establish which ones apply. At the same time, look into the funding structure; is it prefunded, credit-based or provided just in time? This in addition to FX rates, taxes, custody terms and payout SLA are some of the main factors.
Key Factors Details Network scale More than $100B processed across Ripple’s wider payments network Reserve position $1,8655.6M of RLUSD in circulation against $1,981.3M in reserve funds as of 25 August 2026 Reserve assurance Deloitte attestations are published monthly, no later than 30 days after month-end Security assurance Ripple states that it complies with ISO 27001 and SOC 2 Type II Main limit No stablecoin-only one-year volume or uniform payout SLA across corridors
4. Nium Best for banks, payroll providers, marketplaces and treasury teams.
4.4
Nium uses Coinbase for USDC custody, conversion and liquidity, while payouts move through Nium’s bank, card and wallet network. This design supports just-in-time funding into local currency.
What to check before using it: Institutions looking to leverage Nium’s stablecoin settlement infrastructure should pay attention to the specific corridor license, operating blockchain under the hood, stablecoin fee, FX spread and the payout cut-off.
Key Factors Details Production proof The Coinbase integration went live on 21 April 2026 Wider scale Nium reports $60B+ processed annually and 1,000+ customers. Both are company-wide figures API controls OpenAPI 3.0 REST, with separate sandbox and production credentials and x-request-id tracking Liquidity design Funding is provided just in time, with settlement in USDC or fiat at payout Main limit No published stablecoin-only volume, reconciliation SLA or stablecoin-specific service-level schedule Also Read – List of Top Stablecoin Infrastructure Providers
5. Sygnum Connect Best for banks, funds, and trading firms that need to settle with approved counterparties on a closed institutional network.
4.2
Sygnum Connect records transfers of fiat, stablecoins and crypto between institutional members on Sygnum Bank’s internal ledger. Assets remain in custody while members make continuous book transfers.
What to check before using it: Check whether the relevant Sygnum entity is operational in the jurisdiction in which the entity operates. While connect transfers are free, it is more diligent to review onboarding, custody, FX, credit and mint/redeem fees. Another factor worth assessing is asset segregation and insolvency treatment.
Key Factors Details Network size 200+ institutional trading clients Integration Access through the banking platform, APIs or Fireblocks; settlement between members runs 24/7 Custody scale and segregation Custody covers 70+ assets, held off balance sheet and ring-fenced without a third-party custodian Security and monitoring ISAE 3000/3402, FIPS 140-2 Level 3, MPC, Tier IV Swiss data centres and Crypto-AML screening Main limit No public stablecoin-by-stablecoin volume, insurance limit or external-chain finality schedule
6. Clear Junction onChain Best for regulated banks, EMIs, PSPs, remittance firms and VASPs.
4.2
Clear Junction onChain allows regulated financial institutions to receive, send and convert screened USDC and USDT against GBP, EUR and USD through an API or portal.
What to check before using it: A good starting due diligence point is confirming whether the entity contracted by Clear Junction is an approved customer type and whether the required stablecoin-chain pair is enabled. Go an extra mile to request the fee card, wallet policy, cut-offs and the process for transactions that fail screening at some point.
Key Factors Details Wider-platform scale £26B+ in annual payment value, 400+ regulated institutions and 99.9%+ uptime Security assurance ISO/IEC 27001:2022; first audit passed in May 2023; PCI-DSS certified for six years as of August 2023 Transaction monitoring Only approved wallets are accepted. Originator and beneficiary data are required, and every transaction receives real-time AML/KYT analysis Settlement timing Portal settlement is T+0; API settlement is near real time, subject to screening and operational cut-offs Main limit No published onchain annual volume, transaction limits or per-chain confirmation thresholds
7. Banking Circle Best for banks, issuers, acquirers and payment companies.
4.0
Banking Circle provides fiat-to-stablecoin and stablecoin-to-fiat conversion through the core account infrastructure of its regulated bank platform.
What to check before using it: Institutions should verify that Banking Circle S.A.’s bank and CASP permissions cover the institution, product and jurisdiction involved. Also get clarification on the supported blockchains, wallet architecture, custody terms or stablecoin-specific endpoints involved in the workflow.
Key Factors Details Dated product proof The stablecoin conversion service was announced on 27 April 2026 Wider-platform scale 750+ clients and more than €1T moved and converted annually. These figures are not stablecoin-only Security assurance ISO/IEC 27001:2022 received on 6 August 2024 Finality claim Banking Circle states that the service is available 24/7 and provides “instant settlement” Main limit No published stablecoin volume or exact SLA covering blockchain confirmation and bank posting
8. BCB Group/BLINC Best for exchanges, market makers, funds, PSPs and treasury teams.
3.9
BCB provides internal member transfers through BLINC and beneficiary-FI services through Circle Payments Network. The platform serves exchanges, market makers, funds, brokers, PSPs and treasury teams.
What to check before using it: Before being onboarded, FIs should confirm the BCB group entity, licence and client agreement that apply in the chosen jurisdiction. On the settlement model, verify whether its BLINC book transfer or CPN which facilitates the process, as well as which entity holds the customer assets.
Key Factors Verified value Network scale More than $200B processed since 2020 and 400 institutional clients. These are lifetime and wider-network figures Network topology 79,800 potential settlement connections across the reported client base Operating limits Available 24/7/365, with no transaction-size limit Pre-transaction control AI-driven models screen the originator and beneficiary before a transaction is accepted or settled Main limit “Around five minutes” is a target rather than an achieved SLA, and CPN-specific volume is not public
How We Ranked the Stablecoin Settlement Platforms?
The CoinGape Stablecoin Settlement Platform Score assesses each platform’s documented institutional product, excluding unrelated services offered by the wider group. Each platform is scored on a weighted 100-point scale before the result is converted to a five-point rating.
Settlement/counterparty clarity and financial-institution fit each account for 20%. Prefunding/liquidity efficiency and fiat-exit certainty carry 15% each. Custody, compliance and resilience controls account for 10%, as does chain/corridor reach. Verifiable live scale carries 5%, using product-specific annual volume where available. Integration and fee transparency make up the final 5%.
The assessment also covers licensing, service-entity clarity, stablecoin rails, supported chains, API quality and platform maturity. A platform loses points in the relevant category when it does not disclose fees, chains, SLAs or product-specific volumes.
PlatformSettlement clarity 20%FI fit 20%Liquidity 15%Fiat exit 15%Controls 10%Reach 10%Live proof 5%Integration / fees 5%Overall Rating Circle Payments Network4.74.94.94.84.84.75.04.84.8 Visa Stablecoin Settlement4.95.04.44.24.84.54.83.84.6 Ripple Payments4.34.74.64.04.54.84.14.54.5 Nium3.94.64.54.74.24.83.54.04.4 Sygnum Connect4.84.64.54.24.43.13.23.04.2 Clear Junction onChain4.74.54.14.64.43.42.53.34.2 Banking Circle4.74.43.74.33.83.21.83.24.0 BCB Group / BLINC3.74.04.43.74.33.83.52.53.9
How to Choose the Best Stablecoin Settlement Platform?
Start with the obligation being settled, the corridor and the required fiat outcome. From there, compare custody, liquidity, compliance and finality.
Banks that need regulated USDC settlement should compare Circle CPN, Banking Circle and BCB. PSPs and fintechs should look at Ripple, Nium and Clear Junction for managed payouts. For enterprise treasury teams, Visa is built around VisaNet settlement, while Sygnum and BLINC support stablecoin treasury settlement. Institutions planning to issue a regulated stablecoin need an issuer or minting provider. Access to settlement infrastructure does not include issuance. For last-mile fiat payouts, compare Nium, Ripple, CPN beneficiary FIs and Clear Junction corridor by corridor. EU-focused institutions should verify the exact MiCA, EMI, bank or CASP entity providing the service.
Circle’s USDC Treasury torched roughly $107M worth of USDC in a single burn event, part of the stablecoin issuer’s ongoing effort to keep its token supply aligned with actual demand. The transaction, flagged by on-chain tracker Whale Alert, clocked in at exactly $107,083,512.
For anyone unfamiliar with the mechanics: burning stablecoins is the opposite of printing money. When users or institutions redeem USDC for actual US dollars, Circle destroys the corresponding tokens so the total supply doesn’t exceed the reserves backing it.
A routine event in a not-so-routine market Burns of this size barely register as news in Circle’s operational calendar anymore. The company has executed similar transactions regularly, with recent examples including a 116 million USDC burn in June and a 153 million USDC burn on Solana later in the year. Individual burns have ranged from tens of millions to north of $200M in single events throughout 2025 and 2026.
Advertisement
USDC maintains a 1:1 peg to the US dollar, meaning every token in circulation should theoretically have a corresponding dollar sitting in a reserve account. When redemptions happen, Circle burns the tokens to keep that ratio intact.
Cross-chain dynamics and the Solana factor What makes Circle’s recent activity more interesting than any single burn is the broader pattern of where USDC liquidity is moving. The stablecoin now operates natively on over 30 networks, but Solana has been getting an increasing share of attention.
Circle’s Cross-Chain Transfer Protocol, known as CCTP, allows USDC to move between blockchains without the need for traditional bridge mechanisms. Instead of locking tokens on one chain and minting wrapped versions on another, CCTP burns tokens on the source chain and mints fresh ones on the destination chain, keeping the total supply constant.
The uptick in Solana-based USDC activity has been supported by institutional partnerships. BNY Mellon, one of the oldest financial institutions in the US, has been expanding its access to USDC minting capabilities.
The 153 million USDC burn on Solana suggests significant redemption activity on that chain, which paradoxically indicates healthy usage. Tokens get burned because people are actively using them, not because they’re sitting dormant.
What this means for the stablecoin landscape The burn-and-mint cycle serves as a real-time indicator of capital flows in crypto markets. Large redemptions and thus large burns can signal that institutions are moving capital out of digital assets and back into traditional finance. Conversely, large mints suggest fresh capital entering the ecosystem.
The growing institutional infrastructure around USDC, from BNY Mellon’s minting access to CCTP’s cross-chain capabilities, positions Circle to capture a larger share of on-chain settlement activity as tokenized finance matures.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The USDC Treasury minted 130,724,040 USDC, valued at approximately $130.76 million, in a single transaction tracked by on-chain monitoring service Whale Alert. The mint is one piece of a much larger wave of issuance: Circle executed roughly $5 billion in gross USDC minting during the week ending August 26, 2026.
What is actually happening when USDC gets minted An institution deposits dollars into a Circle reserve account, Circle verifies the funds, and new USDC tokens are created on-chain in an equivalent amount. Circle backs every USDC token with reserves held predominantly in short-duration US Treasuries and cash equivalents. Total reserves currently sit at around $74 billion, comfortably covering the circulating supply of just over $73 billion.
Advertisement
Solana has emerged as the primary destination for new supply. Multiple individual minting events of $250 million each occurred on the network during the same week, combining to roughly $1.25 billion minted on Solana alone.
Why institutions keep reaching for on-chain dollars Hyperliquid offers a concrete example. Circle plays a technical support role for Hyperliquid’s $5 billion USDC reserve, meaning that platform alone represents a meaningful slice of total circulating supply.
What a $73B circulating supply means for the broader market USDC crossing $73 billion in circulating market cap represents a sustained expansion of dollar liquidity available inside crypto markets. From a competitive standpoint, USDC’s growth trajectory keeps it in a direct contest with Tether’s USDT for dominance in the stablecoin market. Circle’s decision to concentrate new issuance on Solana is also worth watching as a signal about which blockchain ecosystems institutional capital views as viable infrastructure. The $5 billion weekly gross issuance figure suggests that inflow is not a one-week anomaly but part of a durable trend worth tracking through on-chain data as the year progresses.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@Mantle_Official has brought its Bybit yield vault on-chain, partnering with Grove, @CIAN_protocol, and Fluxion to open institutional-grade stablecoin yield to any DeFi user, not just those on centralised platforms.
From CeFi to DeFi The Mantle Vault originally launched as a product built exclusively for Bybit users.
Rates may vary with market conditions and incentives are not guaranteed.
RWA Momentum Behind the Move
That growth has been broad-based.
The on-chain vault launch reflects a broader push by @Mantle_Official to make yield products that were previously accessible only through centralised intermediaries available directly to DeFi participants, using the same infrastructure that has already attracted significant institutional capital to the network.
Sources
PR Newswire: Mantle Vault Expands to DeFi with Grove, CIAN, and Fluxion
PR Newswire: Mantle Posts 27% RWA Growth in Q1 2026, According to Messari
Claude's paid usage tiers are criticized for deceptive wording: The $200 "20x" plan only grants 5 hours of access, with its weekly quota being three times that of the $100 tier.
According to Dongcha Beating AI Express, the quota issue with Anthropic’s Claude Max has reignited controversy on social media. The $100 Max 5x and $200 Max 20x are easily misinterpreted by their names as meaning the latter offers four times the quota of the former. However, Anthropic’s official documentation specifies that the “5x” and “20x” refer to usage limits per 5-hour windows. All paid plans also include weekly quotas, but Anthropic has not disclosed how these compare to the Pro plan’s weekly limit—a major source of user frustration. A recent reverse calculation by a Reddit user found that during the current temporary bonus period, Max 20x’s total weekly quota is only approximately 2.25 times that of Max 5x. Anthropic has even faced legal action over this. A proposed class-action lawsuit filed in June alleges that Max 20x’s actual total usage is just 6 to 8 times that of the Pro plan, while Max 5x is around 3.5 times. Under this framework, the weekly usage gap between the two tiers is also only about twice. The case remains ongoing, and the court has not yet ruled that Anthropic engaged in false advertising.
9 minutes ago
Binance will support cash dividend distributions for Qualcomm, PayPal, and Alphabet via bStocks.
According to an official announcement, Binance will support cash dividend distributions for Qualcomm (QCOM), PayPal (PYPL), and Alphabet (GOOGL) holders via its bStocks product for QCOMB, PYPLB, and GOOGLB token holders. After deducting applicable withholding taxes, fees, costs, and other related expenses, net dividends will be reinvested into the corresponding underlying securities, with users receiving dividends in the form of QCOMB, PYPLB, and GOOGLB bStocks respectively. Eligibility snapshots: QCOMB holders must hold relevant assets at 00:00 UTC on September 3, 2026; PYPLB and GOOGLB holders must hold their assets at 00:00 UTC on September 4, 2026. Spot trading for all three tokens remains unaffected, but QCOMB will suspend token conversions, deposits, and withdrawals at 23:30 UTC on September 2. PYPLB and GOOGLB will suspend their respective related services at 23:30 UTC on September 3, with services resuming after dividend distribution is completed.
9 minutes ago
Metaplanet has deposited 2,400 BTC, valued at approximately $186 million, into Coinbase Prime over the past three hours.
According to monitoring by on-chain analytics platform Lookonchain, Metaplanet has deposited 2,400 BTC (valued at approximately $186 million) into Coinbase Prime over the past three hours. Earlier, the company purchased 43,000 BTC at an average price of $96,191 per coin, with the total value of the holdings reaching around $3.48 billion.
9 minutes ago
Microduck surged more than 40% before quickly pulling back, now trading at $0.0145.
According to GMGN market data, the meme token microduck on the Robinhood Chain saw a rapid rally at midday. Its price surged from around $0.013 to a high of approximately $0.0188 in a short period, with its stage gain once exceeding 40% and its peak market cap reaching nearly $19 million. The price then quickly pulled back, currently trading at around $0.0145, with its market cap falling to roughly $14.55 million, a retracement of about 23% from the high.
9 minutes ago
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.
9 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.
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.
Pump.fun has added trading for any HyperEVM token through USDC as Hyperliquid L1 records about $503 million in decentralized exchange volume over 24 hours.
Summary
Pump.fun users can trade HyperEVM tokens with USDC through the platform’s application. The company said traders will receive referral rewards and pay close to zero trading fees. HyperEVM operates alongside Hyperliquid’s spot and perpetual trading system. Hyperliquid L1 currently holds about $1.59 billion across decentralized finance protocols. Pump.fun said on Aug. 26 that its application now supports tokens issued on HyperEVM, giving users a new route to buy and sell the assets with USDC.
The company described itself as the first application to introduce HyperEVM assets into this type of trading interface. Pump.fun did not provide independent evidence supporting the claim, which could not be verified at the time of publication.
Alongside token swaps, users can earn rewards when people trade through their referral links. Pump.fun also described transaction costs as close to zero, although its announcement did not publish an exact fee schedule or explain whether network gas charges are included.
At least one HyperEVM asset is already visible through the application. Pump.fun’s market page for EGG states that users can trade the token on Hyperliquid through Pump, confirming that the service was active when the page was checked.
Pump.fun has expanded beyond its Solana token market Created as a Solana-based token launchpad, Pump.fun allows users to issue and trade tokens without setting up a conventional liquidity pool at launch. Its application became closely associated with meme coins, many of which trade on an automated bonding curve before moving to an external decentralized exchange.
HyperEVM support adds assets from another blockchain environment to the same interface. The announcement refers only to trading existing HyperEVM tokens and does not say whether users will be able to create HyperEVM assets through Pump.fun.
Trading support also extends Pump.fun’s business beyond the Solana market, which produced most of its activity and fee income. As crypto.news reported on Aug. 10, the platform generated $10.03 million in fees during the previous seven-day reporting period as trading volume reached $2.97 billion.
During that period, Pump.fun used $5.02 million to buy and burn approximately 2.15 billion PUMP tokens. The company said it directs 50% of revenue to automated repurchases and burns through a locked smart contract, with the mechanism having removed the equivalent of 15.7% of the token’s original supply by Aug. 10.
The platform’s token economics have also faced supply pressure. On-chain tracking in July showed 57.279 billion PUMP, worth approximately $86.49 million at the time, moving to 121 team and investor wallets after a one-year lockup ended. The transfers began a three-year vesting period, although movements to recipient wallets did not establish that the tokens had been sold.
HyperEVM connects applications with Hyperliquid liquidity According to Hyperliquid’s documentation, HyperEVM is the Ethereum-compatible smart-contract environment built into the Hyperliquid blockchain. It is not a separate chain and shares the network with HyperCore, the system that handles Hyperliquid’s spot and perpetual order books.
Because HyperEVM supports the Ethereum Virtual Machine, developers can deploy applications written for Ethereum-compatible networks. HYPE serves as the gas token for transactions, while precompiled contracts and other network tools allow applications to read information from HyperCore.
Spot assets can also move between HyperCore and HyperEVM through Hyperliquid’s transfer system. Once deposited into the smart-contract environment, the assets can interact with decentralized exchanges, lending protocols, and other applications built on HyperEVM.
For users entering through Hyperliquid, the network’s onboarding documentation says they can buy HYPE with USDC and then transfer the HYPE from HyperCore to HyperEVM to cover gas costs. Pump.fun has not explained whether its interface handles that process automatically or whether users must maintain HYPE separately.
HyperEVM initially reached the testnet in February 2025, when Hyperliquid introduced support for Ethereum-compatible smart contracts. Since then, wallet providers, custodians, and decentralized finance projects have integrated the network.
Circle launched native USDC on HyperEVM in September 2025 alongside Cross-Chain Transfer Protocol V2. The system lets eligible users move USDC between supported networks without relying on conventional wrapped tokens.
Circle later became a stakeholder in the Hyperliquid ecosystem by purchasing HYPE. In May 2026, the stablecoin issuer said it had also extended USDC support to HyperCore and increased liquidity between HyperCore, HyperEVM and other supported blockchains.
Hyperliquid activity gives Pump.fun a larger token pool Data from DeFiLlama shows that Hyperliquid L1 currently holds about $1.59 billion in decentralized finance value. Stablecoins on the network have a market value of roughly $6.79 billion, with USDC accounting for nearly 98% of the total.
Hyperliquid L1 processed around $503 million in decentralized exchange volume over the latest 24-hour period and approximately $3.75 billion over seven days. Perpetual trading volume reached about $12.43 billion over 24 hours and $82.47 billion for the week.
Network activity included roughly 612,000 transactions, 21,900 active addresses, and 5,400 new addresses during the latest daily period tracked by DeFiLlama. Protocols listed on the network include Kinetiq, HyperLend, Project X, HyperSwap, and Felix.
Rising activity has also supported HYPE’s recent price performance. An Aug. 25 market report said the token had reached a record high near $83.27 before trading around $80.50. HYPE had opened the preceding seven-day period near $69.60, leaving it with a double-digit gain after some traders took profits.
Pump.fun has not disclosed which decentralized exchanges or liquidity sources execute HyperEVM orders through its interface. Its announcement also did not specify whether every token becomes available automatically or whether contracts must pass technical or security checks first.
US users receive limited federal protection for meme coins For American users, access to HyperEVM assets does not establish that every listed token has the same regulatory status. The U.S. Securities and Exchange Commission said in a February 2025 staff statement that transactions involving the types of meme coins described in the document generally do not constitute securities offerings.
SEC staff compared typical meme coins with collectibles whose prices depend mainly on trading and market sentiment rather than rights to business income, profits, or assets. Under that view, issuers of qualifying meme coins would not need to register the transactions under the Securities Act of 1933.
The SEC staff statement also said buyers and holders of qualifying meme coins are not protected by federal securities laws. Staff warned that the position does not cover tokens labeled as meme coins to avoid securities requirements or assets whose economic structure otherwise meets the definition of a security.
A March 2026 SEC interpretation reiterated that staff statements have no legal force, do not change applicable law, and have neither been approved nor rejected by the Commission. The agency said regulatory analysis depends on the economic facts surrounding each crypto asset and transaction.
Pump.fun has added full support for HyperEVM tokens to its trading app. Users can trade HyperEVM assets directly against USDC. HyperEVM trades carry a 0.1% fee, while Solana trading remains free. The expansion moves Pump.fun further beyond its original Solana launchpad model. Pump.fun has expanded its trading app to HyperEVM, allowing users to buy and sell HyperEVM-based tokens against USDC as the platform broadens its reach beyond the Solana ecosystem. The integration adds another execution environment to an app that increasingly resembles a multi-market trading interface rather than a product built solely around launching Solana memecoins.
The announcement was also highlighted by Wu Blockchain on X, which noted the difference between Pump.fun’s zero-fee Solana trading and the 0.1% fee applied across HyperEVM and several other supported markets.
Pumpfun Expands Beyond Solana With HyperEVM Token Trading
Pumpfun said its app now fully supports HyperEVM, allowing users to trade any HyperEVM token with USDC. The dominant Solana memecoin launchpad charges 0% trading fees on Solana and 0.1% on HyperEVM, Robinhood, BNB, Base… pic.twitter.com/sBkjqpuae0
— Wu Blockchain (@WuBlockchain) August 27, 2026
HyperEVM Gives Pump.fun Access to a Different Type of Liquidity The significance of the integration is less about adding another blockchain to a supported-networks list and more about where HyperEVM sits within the Hyperliquid ecosystem.
HyperEVM provides an Ethereum-compatible execution environment connected to Hyperliquid’s broader infrastructure. For Pump.fun, supporting tokens issued there creates another route for attracting traders who may previously have had little reason to use an application primarily associated with Solana.
The USDC trading pair is equally relevant. Rather than requiring users to move into a network-specific volatile asset before trading, Pump.fun can provide a dollar-denominated route into HyperEVM tokens.
That reduces one layer of friction for users moving capital between ecosystems.
Pump.fun also said HyperEVM trades qualify for its callout rewards, extending an incentive system already used to encourage activity inside the app.
The Fee Structure Reveals Where Pump.fun Is Willing to Subsidize Trading Pump.fun currently charges 0% trading fees on Solana, while HyperEVM transactions carry a 0.1% fee. The same 0.1% rate applies to several other markets supported through the app, including Robinhood-linked assets, BNB and Base.
The difference provides some insight into the platform’s priorities.
Free Solana execution helps Pump.fun defend the ecosystem where it built its original user base and where competition for retail token trading is particularly intense. Charging on newer markets allows the company to monetize expansion without immediately abandoning the zero-fee proposition at home.
Pump.fun Extends Its Trading Model Beyond Solana The HyperEVM integration adds another market to an app that is becoming less dependent on Solana-only activity. The structure is straightforward:
HyperEVM trading: Users can trade any supported HyperEVM token directly against USDC through the Pump.fun app. HyperEVM fee: Trades carry a 0.1% fee, giving Pump.fun a direct revenue stream from activity on the network. Solana fee: Trading remains at 0%, allowing Pump.fun to maintain a more aggressive pricing model in its core market. Other markets: The 0.1% fee also applies to Robinhood, BNB, Base and other supported markets, according to the information shared by Wu Blockchain. Callout rewards: HyperEVM trading is eligible for Pump.fun’s existing callout rewards program. The difference between the Solana and HyperEVM fee structures provides some insight into Pump.fun’s priorities. Free Solana execution helps the platform defend the ecosystem where it built its original user base, while charging on newer markets creates a way to monetize expansion without immediately changing the economics of its core product.
At sufficient volume, that distinction becomes meaningful. Pump.fun would no longer depend as heavily on activity surrounding newly launched Solana tokens, since trading conducted through other supported networks could contribute directly to transaction-fee revenue.
A 0.1% charge may appear small in isolation, but its economics become more meaningful if Pump.fun succeeds in routing substantial volume through multiple networks. Revenue would then depend less heavily on activity surrounding newly launched Solana tokens and more on the trading behavior of users across the app.
Why Moving Beyond Solana Changes Pump.fun’s Business Model Pump.fun originally solved a narrow problem: making it extremely easy to create and trade new tokens on Solana. That simplicity helped it attract large amounts of speculative activity, but it also tied the business closely to conditions inside a single ecosystem.
Supporting HyperEVM changes that dependency at the margin.
A multi-chain trading interface can monetize users even when they move their capital from one network to another. Instead of losing a trader when attention shifts away from Solana, Pump.fun can attempt to keep that user inside its own application while changing the underlying venue.
This is a different competitive objective from simply operating the largest token launchpad.
The app increasingly competes at the distribution layer, where wallets, aggregators and trading interfaces fight to become the place through which users access assets regardless of the network underneath them.
That distinction also explains why the integration may matter to HyperEVM. New chains and execution environments need more than liquidity. They need distribution. An established consumer-facing interface can expose HyperEVM tokens to traders who otherwise might never interact directly with the network’s native applications.
Hyperliquid’s Growth Makes the Timing More Relevant The integration arrives while activity around the broader Hyperliquid ecosystem remains elevated. HYPE was trading around $81.56 in the latest market snapshot, up approximately 13.3% over seven days, with a market capitalization near $20.5 billion.
Bitcoin, by comparison, was near $79,700 while Ethereum traded around $2,520 and Solana near $103.89.
Those prices do not directly determine demand for HyperEVM tokens, but Hyperliquid’s growing market footprint gives applications a stronger commercial reason to integrate its ecosystem. Pump.fun is effectively positioning itself to capture some of that activity without requiring traders to leave its existing interface.
The next useful metric will therefore be volume rather than the number of supported tokens. If meaningful HyperEVM trading begins flowing through Pump.fun, the integration would provide evidence that its Solana audience can be converted into a broader multi-chain user base. If activity remains concentrated on Solana, HyperEVM will function primarily as additional distribution rather than a material change in the platform’s revenue mix.
Metaplanet has deposited 2,400 BTC, valued at approximately $186 million, into Coinbase Prime over the past three hours.
According to monitoring by on-chain analytics platform Lookonchain, Metaplanet has deposited 2,400 BTC (valued at approximately $186 million) into Coinbase Prime over the past three hours. Earlier, the company purchased 43,000 BTC at an average price of $96,191 per coin, with the total value of the holdings reaching around $3.48 billion.
5 minutes ago
Microduck surged more than 40% before quickly pulling back, now trading at $0.0145.
According to GMGN market data, the meme token microduck on the Robinhood Chain saw a rapid rally at midday. Its price surged from around $0.013 to a high of approximately $0.0188 in a short period, with its stage gain once exceeding 40% and its peak market cap reaching nearly $19 million. The price then quickly pulled back, currently trading at around $0.0145, with its market cap falling to roughly $14.55 million, a retracement of about 23% from the high.
5 minutes ago
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.
5 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.
5 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.
5 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.
Update (Aug. 28, 8:30 pm UTC): This article has been updated to include information about the FCA’s oversight of stablecoins.
Update (Aug. 29, 12:00 pm UTC): This article has been updated to include a statement from Circle.
Circle, the issuer behind the USDC stablecoin, will be the latest sponsor for the Chelsea Football Club just months after the UK’s financial watchdog warned about “questionable sponsorship deals with unauthorized financial firms,” including crypto companies.
In a Friday announcement, Circle said its name and USDC would appear on jerseys for Chelsea FC players in the 2026/2027 season. The partnership deal between the football club and the digital asset company came about three months after the UK’s Financial Conduct Authority (FCA) said it had sent warning letters to clubs in the Premier League, potentially including Chelsea.
The letters concerned “unauthorized” companies, including crypto businesses, using sponsorship deals to target football fans, potentially breaching UK financial services laws. Circle UK Trading Limited, the company’s UK arm, has been listed as a company authorized under the FCA to provide certain financial services to residents since 2018.
Stablecoins like USDC are also legal to use in the country, though lawmakers are working to establish a comprehensive regulatory framework for the digital assets. The financial watchdog is set to enforce new standards on digital asset companies, including stablecoin issuers, starting in October 2027.
Notably, although Circle said that USDC was “issued by certain regulated affiliates,” the stablecoin was “not issued or regulated under the laws of the United Kingdom.” An FCA spokesperson declined to comment on the sponsorship. A Circle spokesperson told Cointelegraph said “this is about building brand image not a financial promotion.“
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Circle, the digital payments firm behind the USDC stablecoin, has reached a sponsorship agreement with Chelsea Football Club that will see its branding featured on players’ jerseys during the 2026/2027 season.
Deal details and regulatory contextThe partnership was announced just months after the UK Financial Conduct Authority (FCA) raised concerns regarding sponsorship deals between football clubs and unauthorized financial companies, including those in the crypto sector. In early 2024, the FCA sent warning letters to several Premier League clubs, possibly including Chelsea, cautioning them about arrangements that could expose fans to unregulated financial products and potential legal breaches.
The FCA urged clubs to ensure that collaborations do not allow dubious or unauthorized firms to leverage club loyalty for promoting speculative or unregulated financial offerings to a massive audience. Lucy Castledine, director of consumer investments at the FCA, emphasized,
“Millions of football fans trust their club’s badge. Clubs should not let unauthorised financial firms exploit that loyalty by putting potentially dodgy products in front of millions of fans.”
The FCA serves as the United Kingdom’s chief financial conduct regulator. Its role encompasses protecting consumers, supervising financial markets, and enforcing regulations to maintain integrity within the financial system.
Mini dictionary: Circle, a US-based financial technology company, is known for issuing the USDC stablecoin—one of the most widely used dollar-pegged digital currencies. Chelsea Football Club is a prominent professional football team competing in the English Premier League.
Circle UK Trading Limited, a registered local arm of Circle, has been authorized under the FCA since 2018 to provide specific financial services to those residing in the United Kingdom. While stablecoins such as USDC can be legally used in the UK, comprehensive digital asset regulation is still being developed by lawmakers.
USDC’s regulatory status in the UKAlthough Circle highlighted that USDC is “issued by certain regulated affiliates,” the company clarified that the stablecoin is neither issued nor regulated under United Kingdom law. Policymakers in the UK are in the process of introducing more defined rules surrounding digital assets, including stablecoins, to bolster consumer protections and market oversight.
In light of the FCA’s previously issued warnings to Premier League clubs, the collaboration between Circle and Chelsea is expected to come under detailed review to ensure compliance with existing regulations. There was no immediate response from either Circle or the FCA regarding additional comments or clarifications on the deal.
This sponsorship aligns with Circle’s wider efforts to expand USDC’s visibility and adoption internationally, leveraging the global popularity of football. Meanwhile, Chelsea continues to partner with major brands across various sectors to reinforce its commercial footprint in sports and entertainment.
Coincheck Clears Japan's Stablecoin Licensing HurdleTokyo-based crypto exchange @coincheckjp has completed registration as an Electronic Payment Instruments Exchange Service Provider, the designation Japan requires before any operator can intermediate fiat-pegged tokens for customers. The Financial Services Agency's registry identifies Circle's $USDC as the instrument Coincheck will handle, though no public launch date has been announced.
SBI VC Trade Was First, Coincheck Is Second
Coincheck's path to this registration stretches back roughly two years. @coincheckjp partnered with @circle in early 2024 to expand $USDC access in Japan.
For now, $USDC remains the only foreign stablecoin with a clearly defined regulatory pathway in Japan.
Sources:
Coincheck Completes Stablecoin Registration, Becoming Japan's Second Firm Cleared for USDC (COINOTAG)
USDC Stablecoin to Launch in Japan After SBI VC Trade Gets a License (Ledger Insights)
Japan's Stablecoin Moment: The New Licensing Regime (Curvegrid)
An attacker drained over $653,000 from card collateral vaults at Avici, a Solana neobank whose own documentation promised that only a user’s wallet could ever move that money.
The token Avici (AVICI) has since fallen by about 40% to $0.24. The sum taken equals close to a fifth of its entire market value.
AVICI Price Performance. Source: CoingeckoWhat the Avici Exploit BrokeAvici sells a Visa credit card backed by USDC. Users lock the stablecoin in a smart contract, and spending draws it down. Third National issues the card, not Avici.
“Only user’s wallet can withdraw funds from escrow contract after deducting the spends,” the company’s documentation states, indicating who holds the keys.
On Friday, the vaults emptied anyway, with a live tracker counting $653,548 pulled out as of this writing
Avici Attack. Source: Live TrackerSelf-custody set out who could not take the money. It did not remove every privileged path written into the program itself. That gap is where the funds went.
On-chain researchers say the attacker submitted a crafted signature bundle, made itself an admin on the escrow accounts, then withdrew. Avici has not confirmed that method.
more info on the ongoing @avici hack ⚠️
> drain started 2 hours ago (5PM UTC) and is still ACTIVE !!
> over $1M exploit confirmed so far
> over 9000 users affected so far
> exploiter wallet address: FVNFzqAny8spWdPmYw6RQ9TkYa29ueFFiqCFD1gQnCEj
> hacker transferred out over $1M… https://t.co/jG4iXbda1i pic.twitter.com/IHLmkPN10B
— inno (@inno_sol) August 28, 2026
Follow us on X to get the latest news as it happens
Why This Is Not a Treasury HackEach customer holds a separate escrow contract. So the money was left account by account. There was no single pot to empty.
It suggests a familiar pattern, such as when a Solana governance attack took $20 million from one BONK DAO treasury in a single stroke.
Associated tokens rarely shrug such incidents off, which is why the AVICI token fell almost 40%. In the same way, a bridge breach sent Midnight’s token to a record low in July.
Midnight (NIGHT) Token Price Performance. Source: BeInCrypto MarketsAvici has said only that it is aware of an issue affecting card balance withdrawals. No post-mortem has followed.
We’re aware of an issue affecting card balance withdrawals and are closely monitoring the situation.
We’re working directly with all relevant partners to resolve it and will share updates as soon as we have more information.
— Avici (@avici) August 28, 2026
The company has not said whether the remaining vaults can still be called, or whether card settlement with Third National is affected.
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.
