Track market-moving stories before they get noisy

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: Fed hawkish signals caused Bitcoin pullback, but spot buying supports market structure

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

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.

5 minutes ago

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.

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Others to Watch

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.

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.

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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.

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.

9 minutes ago

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.

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.

5 minutes ago

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.

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.

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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.

7 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.

7 minutes ago

Midday close of A-shares: The Shanghai Composite Index fell 0.2%, and the ChiNext Index dropped 1.29%.

This morning session of A-shares saw the three major indexes open lower, rebound in volatile trading, then retreat toward the end of the session. By midday close, the Shanghai Composite Index fell 0.2%, the Shenzhen Component Index dropped 1%, and the ChiNext Index declined 1.29%. The AI corpus sector moved higher amid volatility. The combined turnover of Shanghai and Shenzhen bourses in the morning session was approximately 1.31 trillion yuan, a decrease of around 112.1 billion yuan from the same period of the previous trading day.

7 minutes ago

Hyperliquid launches PONS perpetual contract, now trading at $0.33.

According to official announcements, Hyperliquid has launched Pons (PONS) perpetual contracts, with a maximum leverage of up to 3x. The current mark price is 0.32999, and the contract open interest stands at $524,866. The current funding rate for the PONS contract is -0.0823%.

7 minutes ago

Russia's crypto trading volume is projected to reach $46.43 billion in its first year.

According to TASS, Anatoly Popov, deputy chairman of Russia's Sberbank, said Russia's cryptocurrency trading volume is expected to top 4 trillion rubles (around $464.3 billion) in its first year, and could hit 7.5 trillion rubles (about $870.6 billion) by 2029. Popov noted that data from Russia's Ministry of Finance shows as of February this year, Russia's daily cryptocurrency trading volume was roughly 50 billion rubles, translating to an annual volume of about 18 trillion rubles. SberCIB investment research analysts, taking a more conservative stance, project that after cryptocurrency is legalized, roughly 20% of the annual trading volume — equivalent to 3.5 trillion to 4 trillion rubles — will be executed on trading platforms in the first year. This figure is forecast to rise to between 4.75 trillion and 5.25 trillion rubles by 2028, and reach 7.5 trillion rubles by 2029.

7 minutes ago

美国银行：上周创2025年10月以来加密基金最大单周流入记录

According to data from Bank of America, crypto funds recorded $3.2 billion in inflows last week, the largest single-week inflow since October 2025.

7 minutes ago

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.

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Bank for International Settlements (BIS) has changed its position on stablecoin payments. 

On the sidelines of the Jackson Hole event, BIS head Pablo Hernández de Cos reiterated that stablecoins are not a credible payment method at scale compared to tokenized deposits (bank-led wholesale alternatives). 

In particular, de Cos warned that U.S dollar stablecoins pose a risk to monetary sovereignty. 

The growing adoption of dollar-pegged stablecoins has also raised concerns in some jurisdictions about monetary sovereignty and the potential for digital dollarization.

According to him, the widespread adoption of USD-based stablecoins outside the U.S would weaken the local domestic monetary policy of most countries. 

Is BIS stablecoin risk valid or overblown? Currently, the USD-based stablecoins dominate over 90% of the market supply, led by Tether and Circle.

But they are issued by private tech firms and mostly used by retail and some businesses. Notably, there’s significant traction in some emerging markets with high demand for the U.S dollar or collapsed local currencies. 

Already, Tether’s USDT is widely used in most South American countries. In fact, Bolivia is considering making it a local tender. 

However, the BIS’s warning seems like a plausible risk that has been echoed by other analysts too. Austin Campbell, adjunct professor at Columbia Business School, shared a similar concern and noted, 

USD stablecoins will destroy 50%+ of currencies within 30 years.

Source: X For BIS, stablecoins have limited commercial use. Instead, the global financial institution, commonly known as the central bank for central banks, vouched for bank-issued alternatives (tokenized deposits). 

The BIS head de Cos believes tokenized deposits eliminate the inherent risk against sovereign monetary control associated with stablecoins. 

Tokenised deposits offer a more direct path to harness tokenisation while preserving the monetary system’s foundations.

That said, stablecoin transactions dropped by 37% this summer, declining from $1.8T at the end of June to $1.13T in August. In other words, broader adoption and traction eased slightly. 

Source: Visa Banks such as JPMorgan are already testing their tokenized deposits. Similarly, the ECB is pushing for central bank money to go on-chain, according to a Bloomberg report. Put differently, tokenized deposits and central-bank-issued money could hit the market soon. 

But it remains to be seen whether tokenized deposits will rival the already entrenched USD-stablecoins.

Final Summary BIS head reiterated the risk of USD-based stablecoins and downplayed their global scale of usage Stablecoin volume dropped 37% this summer, with August making its 3-month low since June. 

Source: Binance EN

This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Disclaimer: This is not available for users in the EEA. Fellow Binancians, Binance is pleased to launch a new Word of the Day (WOTD) game! The theme of this week’s WOTD is “Fueling the Next Rally”. Read selected articles to learn more about this topic and participate in this week’s WOTD to grab a share of the rewards. Activity Period: 2026-08-31 00:00 (UTC) to 2026-09-06 23:59 (UTC) Complete 5 Words to Unlock Your Share of 10,000 USDC WOTD is an educational word-guessing game, which allows users to increase their crypto vocabulary and stay on top of the latest market developments. How Does It Work All eligible users may play up to two WOTD games per day to test their knowledge on the given topic.Users who achieve at least five correct answers during the Activity Period will be eligible to share a 7,000 USDC reward pool, distributed based on each user’s proportion of correct answers (User’s correct answers / Total correct answers of all eligible users), with a maximum reward cap of 5 USDC per user.In addition, users who achieve at least five correct answers and participate in the WOTD game on five or more separate days during the Activity Period will be eligible to equally share an additional 3,000 USDC reward pool, which will be distributed equally among all eligible users who satisfy these requirements.All rewards will be distributed by 2026-09-20 23:59 (UTC) directly to the user’s Rewards Hub.Eligible users should claim their vouchers before the expiration date. No replacement reward will be provided. Learn how to redeem a Binance voucher. How to Enable the Second WOTD Game After the first game, click the "Get A New WOTD" button.Share the featured link on social media.Unlock the second WOTD game once the shared link is clicked by a logged in user. New User Welcome Bonus In addition, all new users who register for a Binance account using the “WOTD” referral code or via this referral link during the Activity Period, will each receive 10% off their Spot trading fees. Users may also qualify for additional welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration. Play WOTD Now to Earn Rewards! Related Readings for This Week’s WOTD Crypto News: Bitcoin's 23.6% Week Is Its Second-Best Since 2021 — Ether Outperforms at 31.3% as $1.92 Billion Floods Into ETFs and the Debasement Trade Returns Terms & Conditions Binance reserves the right to modify or cancel the Promotion at any time without prior notice.Binance reserves the right to update the list of eligible countries/regions for the Promotion at any time. Users who were previously able to participate may no longer be eligible to join or receive rewards under the updated terms.These terms and conditions (“Activity Terms”) govern users’ participation in this WOTD activity (“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 Policy; all of which are incorporated by reference into these terms and conditions. In 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 Policy.The WOTD game may not be available in certain countries/regions. Only users from eligible countries/regions who complete account verification shall be able to participate and receive rewards.For the new user welcome bonus: The 10% Spot trading fee discount will remain valid as long as the Binance referral program is in place. Users may qualify for welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegal bulk account registrations, self dealing, or market manipulation).Binance reserves the right to disqualify any participant found to be engaging in fraudulent activities or violating the platform’s terms of use.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 at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users 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

1 days ago

Decentralized lending protocol Ajna tweeted that its v2 version was hit by a vulnerability exploit, and the team is investigating abnormal fund flows. The protocol advised users to withdraw all funds, repay outstanding loans, and halt interactions with the platform. Separately, Defimon Alerts monitored that Ajna’s losses from the incident total around $775,000, involving pools including syrupUSDC, wstETH, rETH, cbETH, WBTC, WETH/USDC, and sDAI. The attack is attributed to a liquidation accounting manipulation exploit.

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An estimated $390 billion in stablecoin payments took place in 2025, according to McKinsey and Artemis. But inside this market, AI agents are creating an interesting kind of payment activity.

Research shows that agents completed more than 176 million on-chain transactions worth over $73 million between May 2025 and April 2026. But most of them were very small transactions. 

The median x402 payment was between $0.01 and $0.10, while 76% of transactions fell below the $0.30 fixed-fee threshold for card payments. USDC accounted for 98.6% of settlements.

Annual Stablecoin Payments in 2025. Source: McKinsey Although the transaction amounts are small, the frequency of AI agentic payments is staggering — 173 million.

Software can buy data, compute and other services hundreds or thousands of times without the human behaviors that define conventional commerce. For example, opening an account, entering card details, approving an invoice or waiting until the next banking day.

XDC Network believes this offers an early glimpse of how more payments could work in future.

“Money has always moved as fast as the slowest part of the process, like a bank, a clearinghouse, or normal business hours,” Atul Khekade, Co-Founder of XDC Network, told BeInCrypto. “Agents just show what happens when you get rid of those delays. Payments stop being something you wait around for and turn into a continuous process happening in the background at the speed of the underlying network.”

Machine Payments Software can transact continuously. An AI service may need a weather feed for one calculation, a market-price API several seconds later, and compute resources immediately afterward.

Each interaction can carry its own price, turning what might once have been a monthly subscription or invoice into thousands of individual transactions.

That helps explain why Keyrock found activity spread across such a large population of AI agents and service directories. The report found more than 104,000 agents registered across at least 15 directories by the end of the first quarter of 2026.

The economics favor systems that can handle payments measured in cents or fractions of a cent. The payments industry is already preparing:

Stripe launched the Machine Payments Protocol, or MPP, in March. The open standard allows agents and services to coordinate micropayments and recurring payments programmatically, with Stripe supporting stablecoins as well as traditional payment methods; Google’s Agent Payments Protocol, or AP2, concentrates on proving user authorization and establishing an auditable record of what an agent was permitted to buy. Google transferred the protocol to the FIDO Alliance in April and added support for autonomous “Human Not Present” transactions; Cloudflare entered the market in August with Cloudflare Wallets and cloudflare.pay, giving agents identities and programmable spending controls. Its payment tools support both x402 and MPP; Mastercard’s Agent Pay for Machines service, announced in June, is designed for continuous, high-frequency and low-value payments, with settlement across cards, accounts and stablecoins. More than 30 companies, including Stripe, Coinbase, Cloudflare and Tempo, were named among its initial supporters. 2️⃣ Secure agentic purchases on Google

✅ We designed Agent Payments Protocol (AP2) to help agents make secure payments on your behalf — with boundaries and accountability to give you peace of mind.

✅ AP2 lets you set strict guardrails for agentic payment transactions. Just…

— Google (@Google) May 27, 2026 Invisible Settlement XDC’s contribution to this market is XDCAI.tech, which uses the open x402 protocol originally introduced by Coinbase.

x402 turns the HTTP ‘402 Payment Required’ response into a payment mechanism. An agent requests a resource, receives its price, authorizes the payment, and repeats the request with proof of payment. The process allows software to purchase an API call or another digital service within the same interaction.

Coinbase introduced the protocol in May 2025, and its use has since expanded through integrations with companies including AWS.

XDC AI applies x402 to USDC settlement on XDC Network. Users fund a smart wallet with USDC and establish an on-chain spending limit. An agent can then pay an x402-enabled service per request. EIP-3009 allows the payment to be signed off-chain while a relayer covers the network fee, leaving the agent itself to hold and spend USDC.

For years, AI agents could reason, plan, and execute tasks.

But they couldn't pay.

APIs, subscriptions, checkout pages, and payment flows were built for humans — not autonomous software.

So we built XDC AI.

A platform that gives AI agents a wallet, lets them discover…

— Rushabh Parmar (@rushabh96975767) July 11, 2026 The system can also connect to AI applications through MCP or a command-line interface, allowing agents running through products including ChatGPT, Claude, Cursor, and Codex to discover and pay for services.

XDC already had much of the underlying settlement infrastructure in place. Native USDC and Circle’s CCTP went live on XDC in September 2025.

XDC lists two-second block times, six-second finality, and transaction costs around $0.00001, characteristics aimed at high-volume financial applications.

Invoices Could Disappear Invoices package several functions together. They communicate what is owed, set payment terms, and provide records for reconciliation and accounting. Many businesses then wait days or weeks for the actual transfer to arrive.

Software dealing with software can compress part of that cycle. A service can state its price in a machine-readable format, an authorized agent can evaluate the request, and payment can be settled immediately. Transaction records can then feed directly into treasury and accounting systems.

Next wave of payments = AI + Agentic Commerce.
XDC is building the infrastructure:
• x402 micropayments
• Gasless USDC settlement
• Real-time, sub-cent autonomous payments for AI agents
Tonight in NYC, @atulkhekade shares how we’re making this a reality. The future of… https://t.co/FokrYWhAbw

— XDC Network (@XDCNetwork) July 9, 2026 This comes as agents are taking on increasing responsibility for procurement, cloud spending, portfolio management, and recurring commercial obligations. A company could eventually give an agent a budget and a set of rules, then allow it to buy compute when demand rises, renew services, pay suppliers or rebalance liquidity within those boundaries.

XDC therefore sees today’s one-cent API payment as the smallest version of something much larger.

The card networks see it too. Visa’s stablecoin settlement program reached a $7 billion annualized run rate in April after growing 50% quarter-over-quarter and expanding to nine blockchains. Mastercard announced stablecoin settlement across networks including Ethereum, Solana, Base, Polygon, Tempo and XRPL in June.

The competition is consequently broader than blockchain networks attempting to replace card companies. Visa, Mastercard, Stripe, Google, Coinbase, Cloudflare and blockchain developers are increasingly building interoperable pieces of the same machine-commerce market.

The Other Half of the Problem Greater autonomy raises questions about permission and accountability.

An agent paying 3 cents per API request incurs limited financial exposure. However, an agent managing a corporate treasury or procurement budget needs controls around authorization, counterparties, limits, and auditability, which is why the major platforms are converging on different pieces of the same problem. This explains why:

Google has concentrated on cryptographic mandates that record what a user authorized; Cloudflare lets owners impose spending caps and approved merchant lists; Mastercard’s system combines agent credentials with permissioning rules;  XDC AI places spending limits at the wallet level Those controls determine how quickly agentic payments graduate from micropayments into larger financial relationships.

They also temper the idea that cards and invoices disappear on a fixed timetable. Card networks are already adapting their products for autonomous software, while invoices serve legal, tax, credit and accounting functions that extend beyond transferring funds.

XDC believes that payment and service delivery can happen almost simultaneously: APIs, data, compute, digital services and other machine-to-machine transactions. Success there could establish the habits and technical standards that would later be used for larger transactions.

Khekade expects the terminology itself to disappear as the technology becomes commonplace.

“In 5 years nobody will describe this as agentic payments, the same way nobody today calls a wire transfer an internet payment,” he said. “It will just be how value moves. The interesting question is not whether that happens, it is which networks were actually built for it versus which ones bolted it on afterward.”

@injective has announced it is working with @circle and teams across the @cosmos ecosystem to move legacy $USDC versions onto the native issuance that Circle launched on Injective in May, with the broader migration now targeting September.

The legacy versions in scope include Noble-issued USDC and bridged variants that have circulated across Cosmos chains. The goal is to consolidate them onto a single, natively issued standard backed directly by Circle, removing the fragmentation that has long complicated stablecoin use across interchain applications.

How the native issuance works The foundation for this shift was laid on May 7, 2026, when native USDC and Circle's Cross-Chain Transfer Protocol (CCTP) went live on the Injective mainnet. CCTP allows USDC to move natively across blockchains, meaning tokens are burned on the source chain and minted on the destination chain rather than locked in a bridge contract. It was also Circle's first MultiVM issuance of the token.

The integration was intended to ensure continued USDC availability across Cosmos chains after Noble announced its migration plans to a dedicated EVM Layer 1 and positioned its Cosmos SDK chain into maintenance mode. By taking over that position, Injective is expected to absorb more than $100 million in stablecoin issuance connected to the ecosystem.

Cosmos Hub commitment and rollout Four days after launch, the Cosmos Hub adopted the Injective issuance as the ecosystem's reference USDC under a minimum four-year commitment, with Skip:Go set to treat it as the default USDC denomination. Cosmos Hub, Cosmos Labs, and Skip Protocol confirmed that Injective-issued USDC will route through the Inter-Blockchain Communication (IBC) protocol.

The migration rolls out over the coming months, with dYdX going first, and Cosmos Labs coordinating the rollout for additional chains and applications across the ecosystem. Migration tools are also being prepared for chains and DeFi platforms transitioning from previous USDC liquidity providers. For users, the frontend experience is expected to remain mostly unchanged.

A portion of fees generated from Injective USDC activity will also be allocated to programmatically buy back ATOM, the native token of the Cosmos Hub.

Sources
Injective: USDC Adopted by Cosmos and dYdX as Canonical Stablecoin Standard
Crypto Times: Cosmos Hub Adopts Injective USDC as Primary Stablecoin
Crypto Briefing: Injective Initiates Migration of Exchange dApps to USDC Standard

Fables' pre-governance token PROLOGUE hits an all-time high: its market cap tops $12 million, with a 143% gain in the past 24 hours.

According to GMGN market data, Robinhood Chain-based token PROLOGUE has crossed $12 million in market capitalization, with a 143% 24-hour gain—hitting an all-time high—and $6.3 million in 24-hour trading volume. PROLOGUE is a pre-governance token on Robinhood Chain, backed by Fables, a dynamic-fee ve(3,3) DEX built on Uniswap v4. Its narrative is: "Every story has a beginning; this is just the prologue." At its Token Generation Event (TGE), PROLOGUE will be converted to the official governance token at a dynamic ratio, used for lock-up voting and fee sharing. BlockBeats Note: Token trading is highly volatile, largely driven by market sentiment and hype; investors should exercise caution.

12 minutes ago

Bitget has launched its "Niu Lai" perpetual contracts, supporting up to 10x leverage.

According to an official announcement, Bitget has launched its USDT-margined "Niu Lai" perpetual contracts, supporting up to 10x leverage. Contract trading bots will also be available simultaneously. For more details, please refer to Bitget's official platform.

12 minutes ago

Reports say Doubao 2.2 has been delayed: ByteDance catches up on coding, recruitment explicitly names Claude Code and Codex

Beating AI Insight News Brief: ByteDance’s originally planned August launch of Doubao 2.2 has been delayed. The company will allocate more training time to focus on strengthening coding, tool calling, and agent capabilities. This year, one of Seed’s core goals is to elevate its coding models to the top tier. Internally, the team aims to achieve performance on par with GLM-5.2 and Kimi-K3 by the end of the year, to earn genuine developer recognition for ByteDance’s coding models. In August, Seed underwent a major restructuring: teams originally segmented by text, speech, code, and vision were reorganized into four departments: Pretrain Data, Horizon RL, Product Posttrain-Work, and Product Posttrain-Chat. Horizon RL will handle coding post-training, while the Work team will focus on tool calling, GUI operations, and long-task execution. ByteDance has recently been intensively recruiting for these areas: its official website is hiring Code Agents, general Agents, and reinforcement learning algorithm engineers. One Multi-Agent Harness position explicitly requires research on Coding Agents such as Claude Code and Codex, plus building multi-agent and reinforcement learning environments capable of sustained long runs. When Seed 2.1 launched in June, it already highlighted coding, but ByteDance clearly deemed it inadequate. This time, Doubao 2.2 will delay its launch to first refine its coding capabilities to a more robust standard.

12 minutes ago

HyperLabs redeems 433,000 HYPE tokens worth about $36.14 million.

According to YuEjin Monitoring, the address of HyperLabs, the development team behind Hyperliquid, applied to redeem 433,000 HYPE tokens from staking 10 minutes ago, valued at roughly $36.14 million. The HYPE will fully exit staking in 7 days (September 6). Based on prior records, these tokens will be transferred to centralized exchanges via market maker Flowdesk post-staking exit.

12 minutes ago

Li Yihua: I hope everyone focuses on industry innovation and opportunities; a new bull market is about to start, and on-chain finance has opened up enormous potential.

Yilihua, founder of Liquid Capital, said: "Over the past decade in the crypto industry, it has been like a small world with its own social dynamics and cutthroat competition. Perhaps because it is too close to money or lacks clear rules, the sector is now dominated by negative voices and its reputation is worsening. I sincerely hope everyone refocuses on the industry’s innovations and opportunities. A new bull market is approaching; on-chain finance—especially tokenized stocks—has huge potential, and there are many meaningful projects and wealth-generating opportunities ahead. Moreover, the entire crypto industry is still in its early stages, and there is also the AI sector, which is dozens of times larger than crypto, worth exploring."

12 minutes ago

Uniswap trading volume surges on Robinhood, UNI price breaks above $5.2

According to HTX market data, UNI has broken through $5.24, with its 24-hour gain expanding to 18.9%. The primary catalyst driving UNI’s recent rally is the surge in real trading volume on Robinhood Chain, which has positioned Uniswap as the leading decentralized exchange (DEX) for tokenized stock RWAs on Robinhood. The daily trading volume of tokenized stocks on the chain once reached around $130 million, a nearly 10x increase in one month. Additionally, since Uniswap’s v4 version fee switch launched on Robinhood on July 27, the chain has become a major contributor to Uniswap’s fee revenue. Currently, Robinhood’s 24-hour protocol fees total approximately $11.29 million, with Uniswap and issuance platform Pons each contributing around $4.3 million, making Uniswap the top protocol by fee contribution. Per the v4 fee switch rules, this level of Uniswap protocol fees will fuel ongoing UNI token burns of $200,000 to $300,000 daily, equivalent to about 57,000 UNI tokens burned per day at current prices.

12 minutes ago

@circle has activated Cross-Chain Transfer Protocol V2 (CCTP V2) on Aptos, upgrading the burn-and-mint standard that moves native $USDC between blockchains. The deployment, confirmed on Wednesday by @AptosLabs, replaces the V1 integration that was already live on the $APT network and brings Aptos in line with the broader V2 rollout across more than a dozen chains.

What CCTP V2 adds to Aptos The upgrade delivers two headline capabilities. Alongside that, Practical use cases include

The Aptos deployment retains the same developer surface as other V2 chains and includes relay support, targeting treasury management, liquidity movement, and trading applications.

Context: V1 phase-out and wider rollout The Aptos activation marks a step toward completing that expansion.

The Aptos integration expands the network's access to that infrastructure as Circle pushes V2 toward becoming the sole standard for native USDC movement across supported chains.

Sources:
Circle: Cross-Chain Transfer Protocol overview
Circle: CCTP V1 deprecation and V2 canonical designation
CoinDesk: Circle upgrades Cross-Chain Transfer Protocol

Independent OpenZeppelin review of TxFlow’s bridge contract marks another step in TxFlow’s approach to security as its L1, DEX, and builder ecosystem continue to develop.

TxFlow announces the completion of an independent security audit by OpenZeppelin, one of the world’s most established blockchain security firms, trusted by major organizations and protocols including Coinbase, the Ethereum Foundation, Uniswap, Aave, Arbitrum, ZKsync, Compound, and others.

OpenZeppelin’s review covered TxFlow’s bridge contract, a critical component of the infrastructure supporting the movement of capital between external networks and TxFlow L1. OpenZeppelin’s review identified zero critical and zero high-severity findings. One medium-severity finding was identified and resolved during the audit process.

The independent review forms part of TxFlow’s broader approach to incorporating external security expertise as its financial infrastructure and ecosystem continue to develop. Alongside TxFlow DEX and continued L1 development, TxFlow is also building Builder Code, with additional details to be announced as both initiatives move closer to release. Together, these developments support TxFlow’s broader objective: to build a Layer 1 designed specifically for financial markets, bringing trading, liquidity, and financial applications onto one blockchain where all finance happens.

Security at TxFlow L1 is a continuous responsibility: An Independent Review by OpenZeppelin As part of this commitment, we work with leading independent security experts to rigorously assess our infrastructure. In 2026, OpenZeppelin completed a security audit of Bridge2, the USDC bridge connecting Arbitrum One to TxFlow L1. TxFlow aims to continue to strengthen its security architecture, monitoring, and operational safeguards as the network evolves. The audit report provides the technical scope, findings, and assessment from OpenZeppelin and is available for the community to review directly.

TxFlow’s broader bridge infrastructure supports deposits and withdrawals across Arbitrum One, Ethereum, Base, Polygon PoS, and Solana. TxFlow’s documented bridge flow includes controls around the movement of funds, including validator-approved withdrawals and a built-in safety wait before withdrawals are completed.

These controls form part of TxFlow’s approach to protecting one of the most important functions of financial infrastructure: the movement of capital between networks.

Global-Grade Security from the Ground Up TxFlow is building its security program with the standards expected of serious financial infrastructure in mind. To support that approach, TxFlow engaged OpenZeppelin, one of the world’s most established blockchain security firms. OpenZeppelin has completed more than 900 security audits, identifying more than 10,000 issues, including 700+ critical and high-severity vulnerabilities, across blockchain protocols and financial infrastructure.

Its security work spans major crypto organizations and ecosystems including Coinbase, the Ethereum Foundation, Uniswap, Aave, Arbitrum, ZKsync, Optimism, and Compound, as well as established financial institutions and infrastructure providers including DTCC, Fidelity Digital Assets, WisdomTree, ANZ, and CACEIS.

For TxFlow, working with globally recognized security specialists at an early stage establishes a clear approach: independently review critical infrastructure as the network and ecosystem grow. Security is not an add-on to financial infrastructure. It is part of the infrastructure itself.

Building Infrastructure for On-chain Finance TxFlow L1 is designed specifically for financial markets and applications.

TxFlow DEX, a fully on-chain central limit order book for perpetual markets, is the first application built on TxFlow L1. The DEX is the first product operating on a broader infrastructure layer. TxFlow L1 is designed to support multiple financial applications and markets on the same network, including perpetuals, spot markets, prediction markets, and new categories of on-chain financial products. Through TxFlow Improvement Protocol (TIP) Liquidity Standards, Channels can connect to common execution, settlement, and liquidity infrastructure rather than operating as isolated applications.

For traders, that means infrastructure designed around markets from the start.

For builders, it creates a foundation for developing new financial applications on a network designed for trading, liquidity, and settlement.

What’s Next: Builder Code Alongside continued development of TxFlow L1 and TxFlow DEX, the team is building two new ecosystem initiatives: TxFlow Builder Code.

Builder Code is being developed to expand how builders and ecosystem participants can contribute to and grow alongside the network. For the TxFlow community, these initiatives represent the next stage of ecosystem growth: more ways for traders to participate, more ways for builders to contribute, and more activity across the TxFlow network.

About TxFlow L1 TxFlow L1 is a high-performance blockchain built for on-chain financial infrastructure, organized around TIP Liquidity Standards that define how financial products are built, composed, and settled on-chain. TxFlow DEX is the first Channel on TxFlow L1, a CLOB orderbook DEX for perpetual trading, processing over 250,000 TPS with one-block finality. Through its TxFlow Improvement Protocol standards and Channel architecture, TxFlow enables spot markets, derivatives, prediction markets and future financial products to operate on the same chain while connecting to shared execution and settlement infrastructure where all finance happens. TxFlow L1 is building an open, composable and community-owned financial ecosystem in which each new application can strengthen the infrastructure available to those that follow.

About OpenZeppelin OpenZeppelin is a leading security partner for on-chain finance, trusted by organizations including DTCC, Fidelity Digital Assets, WisdomTree, Coinbase, Uniswap, Aave, and the Ethereum Foundation. Since 2015, OpenZeppelin has secured more than $35 trillion in value transferred and delivered 900+ security engagements, surfacing more than 10,000 vulnerabilities across critical on-chain infrastructure. Its open-source smart contract libraries are an industry standard used across leading stablecoins, tokenized assets, and blockchain applications.

Learn more about TxFlow:

txflow.com

We’re excited to announce that USDC, EURC, CCTP, and Bridge Kit are now available on Plasma.

Plasma is an EVM-compatible, Layer-1 (L1) blockchain built for high-throughput stablecoin applications including payments, settlement, remittances, and other use cases. Supporting payment and partner infrastructure in over 100 countries with over 100 currencies, these integrations bring Circle’s trusted and interoperable multi-currency onchain infrastructure to Plasma’s large and established stablecoin-focused ecosystem.

With the launch of USDC and EURC along with CCTP support, Plasma gains access to some of the leading dollar and euro stablecoins. This unlocks MiCA compliant dollar- and euro-denominated payments, settlement, DeFi trading, FX, treasury management, and more on a blockchain designed for global transaction efficiency.

Benefits of USDC and EURC on Plasma:

Regulated1, fully reserved stablecoins redeemable 1:1 for USD2 and EUR,2 respectivelyIntegrate easily with Plasma payment and DeFi appsMigrate money flows to trusted, unified, and issuer-backed stablecoin infrastructureWith CCTP, eligible institutional traders and teams will be able to:

Access institutional-grade fiat on/offramps for USDC payments and settlementEnable full deposit, withdraw, and API access for USDC on PlasmaTransfer USDC from one supported blockchain (e.g., Ethereum) to another (e.g., Plasma)Integrate crosschain transfers in around 10 lines of code with Bridge KitKey use cases for USDC and EURC on PlasmaUSDC and EURC will enable a regulated1 dollar- and euro-denominated payment ecosystem on Plasma. With issuer-backed stablecoin infrastructure, MiCA compliance, and 1:1 redeemability for dollars and euros respectively, USDC and EURC can support payments, settlement, remittances, trading, and more on a chain purpose-built for stablecoin usage. Establishing deep liquidity for both EUR/EURC and USD/USDC trading pairs can support stablecoin flows at the volumes institutions and enterprises need. Through CCTP, USDC on Plasma will become interoperable with other supported blockchains, enabling users and developers to move USDC securely across ecosystems without relying on wrapped assets.

Together, USDC, EURC, CCTP, and Bridge Kit will give businesses and developers on Plasma access to trustworthy, multi-currency fiat rails for institutional-grade payments, B2B settlement, trading, FX, treasury, and other compliant stablecoin flows. While USDC is widely used around the world, euro-denominated EURC is well suited for onchain activity within the EU, where 1:1 euro redeemability and MiCA compliance are often required to enable compliant capital movement.

Starting today, users can access USDC through Plasma One, Plasma’s stablecoin app and card for sending and spending digital dollars. Developers can also integrate USDC and EURC across Plasma apps.

‍

USDC on Plasma, issued by Circle1

Token Name: USDC

Token Symbol: USDC

Mainnet Address: 0x2d661C89D812261039AF9764eceaAee884f5F67F

Testnet Address: 0xe67fb267022cba8064dd388cc2fed724f3120d9d

‍

EURC on Plasma, issued by Circle1

Token Name: EURC

Token Symbol: EURC

Mainnet Address: 0x3ee196e78d4d4248b849b8e1c7f44c5457fafd2c

Testnet Address: 0x98afa0f93dd993b736399f9074edcebd1985a330

Get started todayBusinesses can access institutional on/offramps to convert to Circle stablecoins on Plasma by applying for a Circle Mint3 account. Individuals and smaller institutions can access USDC and EURC through various exchanges, wallets, and providers. Visit circle.com/eurc and circle.com/usdc to learn more.

Get started today with our developer docs for USDC, EURC, CCTP, Bridge Kit, and Circle Mint. USDC and EURC are open-source, permissionless stablecoin infrastructure that anyone can build with.

‍

1 USDC is issued by regulated affiliates of Circle. EURC is issued by Circle Internet Financial Europe SAS. A list of Circle’s regulatory authorizations can be found here.

2 Circle Mint customers are able to redeem USDC and EURC directly from Circle. In addition, Circle will redeem all USDC and EURC presented to it for redemption in compliance with MiCAR, regardless of whether the holder is a Circle Mint customer. Circle Mint is currently available only to institutions and is not available to individuals.

3 Circle Mint and money transmission services are provided by Circle Internet Financial, LLC, NMLS # 1201441, and Circle Internet Financial Europe SAS, Electronic Money Institution License No. 17788, when provided in France.

Bernstein reiterated its $140 price target on Circle (NYSE:CRCL) Monday, saying the stablecoin giant’s growth cycle continues with or without the CLARITY Act.

Why Bernstein Says Circle Doesn’t Need the Clarity ActBernstein analysts led by Gautam Chhugani wrote in a note to clients cited by The Block that Circle’s growth cycle is independent of CLARITY Act passage. 

A macro regime shift favoring hard assets and stablecoins, growing stablecoin payment adoption, real-world blockchain capital markets, and agentic AI payments settling in USDC are all moving forward regardless of what happens on September 15.

USDC (CRYPTO: USDC) supply added $1.7 billion last week after six months of flat growth, Circle controls roughly 80% of decentralized exchange volumes, and its Agent Stack platform already hosts more than 900 paid services with 99% of agent-payment volume settling in USDC.

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Meanwhile, adjusted stablecoin transaction volume hit $11 trillion in 2025 and is tracking at an annualized $17 trillion through July, up 60% year-over-year. 

If the Clarity Act fails, Bernstein expects the SEC and CFTC to step in directly, which it views as an equally positive outcome for the industry.

What Cathie Wood Said About CircleARK Invest CEO Cathie Wood posted on X that despite CRCL appreciating 84% since its IPO, the one-year chart illustrates the inefficiency of public equity markets in the short term.

She argued that financial services analysts who built their track records on Visa (NYSE:V) and Mastercard (NYSE:MA) cannot properly value Circle as a disrupter of their business model.

As Benzinga reported, Circle posted a swing to profit in Q2 with transaction revenue doubling, USDC processed $849 billion in July volume representing 62% of the entire stablecoin market, and the company secured a federal trust bank charter, shifting it well beyond a pure interest rate play.

CRCL Price AnalysisCRCL is up 2% Monday, extending a sharp reversal off the $59.47 support that held through three tests in July and August. 

Moreover, Circle stock price has broken above the descending trendline from the May highs and cleared the 100-day EMA at $81.06, with the 200-day EMA at $95.68 as the next meaningful target.

Key levels for CRCL:

$96 — Resistance  $88 — Support Photo via Shutterstock

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