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This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, The Binance bStock AI-Powered PnL Trading Competition is being launched on Binance Wallet, supported by BNB Chain Agent Studio and CoinMarketCap (CMC),inviting users to trade bStocks (tokenized stocks) through Binance Agentic Wallet with AI-powered market analysis. Use AI-powered market insights from CMC and Agent Studio, compete on Realized PnL, and unlock a prize pool that grows as registered participants' combined bStocks AUM (the total value of bStocks held in participants' Agentic Wallets) hits milestones to win up to 100,000 USDC in total rewards. Registration and Competition Period : 2026-08-17 09:00:00 (UTC) to 2026-09-01 00:00:00 (UTC) Register Now During the Competition Period, only Realized PnL generated from eligible bStocks pairs traded through Binance Agentic Wallet will count toward the leaderboard and reward distribution. Realized PnL is calculated using the FIFO (first-in-first-out) method and only includes gains/losses on positions that have been sold before the Competition Period ends — unsold (unrealized) positions do not count. Trades executed via other channels (including Binance Alpha and third-party dApps) will not be counted. How Realized PnL is calculated: For each closed (sold) position, matched on a FIFO basis: Realized PnL (per trade) = (Sell Price - Buy Price) * Quantity Sold Your Total Realized PnL for the campaign is the sum of the Realized PnL across all your closed positions on eligible bStock pairs, executed via your registered Agentic Wallet during the Competition Period. Any position you have not sold by the end of the Competition Period is excluded from this calculation. How to Participate and Trade: A Binance Agentic Wallet is required to participate. If you have not created one yet, follow the guide on the campaign page to create one.Register by clicking the [Join Now] button on the campaign page during the Registration Period with your Binance Agentic Wallet. Only bStocks trading and PnL generated after registration will be counted toward the campaign.Have questions during the campaign? We provide dedicated campaign documentation and skills. Simply ask your AI Agent to read and install Agentic Wallet Skill, then let your Agent guide you through the required steps.Complete the required AI tasks. You must use two services: CMC for full-spectrum market data, and BNB Chain Agent Studio · Stock Analyze Agent to generate a full investment report for any stock ticker you provide. These tasks are mandatory for eligibility. See the AI Tasks guide for exact requirements and instructions.Trade bStocks pairs (tokens with the champion icon on the token list) through your Agentic Wallet based on your strategy.You can also check the eligible token documentation for token details.Rankings are based on Realized PnL only. To be included in the final ranking calculation, positions must be closed before the Competition Period ends; unrealized PnL from open positions will not be counted.Track your progress anytime on the campaign page, including your AI task completion status, eligible status, and leaderboard ranking. Tasks for Reward Eligibility To qualify for the reward distribution, participants must meet all of the following during the Competition Period: #RequirementTask1CoinMarketCap market data b402 callComplete at least 3 valid AI analysis b402 calls via CoinMarketCap Agent Hub during the campaign,with each request costing approximately $0.01.2BNB Chain Agent Studio stock analysis b402 callComplete at least 3 valid AI analysis calls via BNB Chain Agent Studio Stock Analyze Agent b402 during the campaign,with each request costing approximately $0.13Realized PnL > 0At the end of the campaign, your realized PnL on eligible pairs must be positive. Tips: Read the campaign documentation, or ask your Agent to read it for you. Details on the CMC/BNB Chain b402 call task is also included in the documentation.Install the campaign skill so your Agent can understand the rules and help you complete the required steps. Please Note: All requirements above must be met. Participants who meet only some of them will not be eligible for rewards.All participants will be ranked on the leaderboard regardless of whether their realized PnL is positive or negative; however, only participants with realized PnL above 0 will be eligible for the rewards.The leaderboard is updated periodically during the campaign. Realized PnL is refreshed on a daily basis, while holding snapshots are updated hourly. Eligibility status, including task completion status, is updated in near real time, though slight delays may occur. Users may appear on the leaderboard based on their Realized PnL performance; however, if they do not complete all required eligibility tasks or fail to meet other reward requirements, they may be removed from the eligible leaderboard during the hourly refresh. Final ranking and reward eligibility are subject to post-campaign review. Reward Structure: During the Competition Period, we track the combined bStocks AUM (the total value of bStocks held in participants' Agentic Wallets) on eligible trading pairs. This is not the entire bStock market's AUM, only the total held by users who have registered for this campaign. As this participant AUM reaches each milestone threshold, a larger reward pool is permanently unlocked, the higher registered participants' combined bStock AUM, the bigger the prize pool for the winner: MilestoneRegistered Participants' Combined bStocks AUM (in USDC)Total Prize Pool UnlockedTier1No minimum50,000 USDCTier2≥ $1.5 Million 75,000 USDCTier3≥ $5 Million100,000 USDC At the end of the Competition Period, the top 100 eligible participants ranked by Realized PnL, highest to lowest, will receive rewards based on their final rankings. Eligible Users' Rankings (by Realized PnL)50,000 USDC Prize Pool75,000 USDC Prize Pool100,000 USDC Prize PoolReward per Eligible User (in USDC)Reward per Eligible User (in USDC)Reward per Eligible User (in USDC)1st Place8,50012,75017,0002nd Place6,2009,30012,4003rd Place5,0007,50010,0004th Place3,8005,7007,6005th Place3,0004,5006,0006th - 10th Places1,5002,2503,00011th - 20th Places6209301,24021st - 50th Places21031542051st - 100th Places70105140Total Reward Amount50,00075,000100,000 Campaign Rules: Participants must use Binance Agentic Wallet to register and conduct on-chain transactions. Transactions conducted via third-party DApps, Binance Alpha, or non-Agentic wallets will not be counted. Once the wallet registration is confirmed, it cannot be changed during the Competition Period.Only Realized PnL generated after successful registration, on eligible trading pairs (bStocks tokens with the champion icon on the token list), counts toward the campaign. Realized PnL = realized gains/losses on sold positions, calculated FIFO; unsold positions at the end of the Competition Period generate no Realized PnL and are not counted.Eligible Tokens & Trading Pairs: All bStocks tokens on BNB Smart Chain are eligible for this campaign.To qualify for the leaderboard, trades must be executed through an eligible trading pair between a bStocks token and one of the following assets on BNB Smart Chain: USDT, USDC, USD1, U, BNB, or WBNB. Trades made through other token pairs, including bStocks-to-bStocks swaps or swaps using any non-permitted token as the counter asset, will not be counted toward the leaderboard. Cross-chain transactions are also not eligible.To be eligible for the leaderboard and reward distribution, participants must meet all Eligibility Requirements above by the end of the Competition Period. Participants who fail to meet any requirement, including having a negative Realized PnL, will not be ranked or receive rewards.The leaderboard is updated periodically during the campaign. Realized PnL is refreshed on a daily basis, while holding snapshots are updated hourly. Eligibility status, including task completion status, is updated in near real time, though slight delays may occur. Users may appear on the leaderboard based on their Realized PnL performance; however, if they do not complete all required eligibility tasks or fail to meet other reward requirements, they may be removed from the eligible leaderboard during the hourly refresh. Final ranking and reward eligibility are subject to post-campaign review.Each stock analyst usage via BNB Agent Studio incurs a usage fee, which is around $0.1 per use). Additionally, each call to CoinMarketCap market data via b402 is charged at $0.01.Rewards will be calculated after the Competition Period ends and distributed in USDC within 14 business days after the Internal Review Period to eligible winners’ registered Binance Agentic Wallets. If fewer than 100 participants qualify, only eligible participants will receive rewards, and any undistributed rewards will not be reallocated.After the competition ends, the campaign results will enter a 3-day public review period. During this period, participants can contact Binance Official Customer Support if they have any questions or concerns about the results. After the public review period ends, the results will enter a 3-day internal review period. Once the internal review is completed, rewards will be distributed based on the final results.All trading activity and Realized PnL, AI task completion, and reward calculations are subject to the Binance Wallet final records and determinations.Binance Wallet reserves the right to disqualify trades or PnL that are deemed to result from wash trades, illegal bulk account registrations, self-dealing, activity between wallets controlled by the same entity, or that otherwise show signs of market manipulation, etc. About Binance Wallet: Binance Wallet is a self-custody crypto wallet, designed to empower users in the realm of decentralized finance (DeFi). Serving as a digital gateway to blockchain-based applications (dApps), it offers users a secure and streamlined method to manage their cryptocurrencies, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms. For more information, please refer to this page. About CoinMarketCap (CMC): CoinMarketCap stands as the Home Of Crypto. With over 1+ billion monthly page views and 53+ million tracked cryptocurrencies, CoinMarketCap drives the industry forward by organizing and delivering comprehensive crypto intelligence. Major media outlets including Forbes, Bloomberg, CNBC, and The Wall Street Journal rely on CoinMarketCap as their primary source for crypto data. About BNB Chain Agent Studio: BNB Agent Studio is a platform provided by BNB Chain that lets users build, deploy, and earn from autonomous on-chain agents, without managing infrastructure themselves. Users can describe what they want in plain English, and it scaffolds, deploys, and registers the agent on-chain for the users. Each agent gets: Its own on-chain identity (ERC-8004)Its own wallet for signing and paymentsIts own task interface (ERC-8183)Automated LLM funding via b402 Interested to build bStocks trading agents on BNB Chain? Submit your interest here. For More Information: Introducing Binance Wallet (Web): A Faster, Smarter Trading Experience Right on Your DesktopWhat Is Binance Wallet (Web) and How to Use ItWhat Is Binance Wallet (APP) and How Does It WorkWhat Is a Keyless Wallet and Why Do I Need to Back It UpFrequently Asked Questions on Binance Wallet Terms and Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Wallet Terms; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Wallet Terms; and (c) Binance Privacy Notice.Only users who maintain an active Binance Account on the Binance Platform are eligible to participate in this Activity. Tokens will not be distributed to users who delete or deactivate their Binance Wallets and/or their Binance Accounts on the Binance Platform.This Activity is not sponsored, endorsed, or administered by X (formerly Twitter) or any other social media platforms.To participate, users must register via the campaign page within the Registration Period and complete all instructions in the campaign page during the Competition Period. Only Realized PnL generated after successful registration will be counted as PnL for this campaign.All calculations and determinations in respect of any Promotion will be undertaken by Binance Wallet in its sole discretion.Binance Wallet shall not be liable for any losses or damages users may incur as a result of their participation in the event and/or use of the services.Binance Wallet will review the winning user's trading behavior during the event and reserves the right to disqualify any winning user from receiving the reward if any fraudulent or unfair activity is detected.Binance Wallet reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance Wallet further reserves the right to disqualify any participants who tamper with Binance Wallet program code, or interfere with the operation of Binance Wallet program code with other software.Binance Wallet reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Wallet Team 2026-08-17 Disclaimer: The Binance Wallet Services are offered by Binance Barbados Limited, and involve the provision of unregulated, third-party services, which are not supervised by the Financial Services Regulatory Authority of the Abu Dhabi Global Market, or any other regulatory authority. Tokenised stocks are tokens designed to mirror the price of real-world equities but do not represent actual ownership of the underlying stocks, and holding tokenised stocks does not entitle you to any dividends, interest, voting rights, shareholder privileges, or rights offerings. Dividends may be reinvested into the underlying asset, or retained and paid as part of the redemption amount, and that reinvestment or portion of the redemption amount will be net of withholding taxes and may not reflect the economic value of the dividend. Tokenised stocks do not represent any Binance Wallet affiliation with the underlying asset's issuer. Redemption is subject to conditions set by the issuer. Tokenised stocks are subject to liquidity risk, issuer risk, custody risk, broker risk, operational risk, technology risk, regulatory risk, tax risk, fees, withholding, transfer restrictions, and possible loss of the entire investment. Trading tokenised stocks involves risks, including actual and potential price deviations from the underlying assets due to market conditions, liquidity, pricing mechanisms, or issuer dilutions. These tokens may not reflect real-time stock prices at all times. In particular, prices outside traditional market hours may be especially volatile. Investing in tokenised stocks may also expose you to the credit risk of the issuer of the underlying assets and the tokenised stock issuer, as well as their counterparties, including the tokeniser and custodian. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Tokenised stocks are not available in certain jurisdictions, and users are solely responsible for ensuring their use of this product complies with local laws and regulations. Past performance is not indicative of future results. This material should not be construed as financial advice. Please carefully review the Terms of Use and Risk Warning and always do your own research. The Agentic Wallet is a dedicated Keyless Wallet in which AI agents are enabled to interact with Binance Wallet services on a user's behalf. Users are solely responsible for configuring agent permissions, setting appropriate limits, and monitoring agent activity. Agentic Wallet uses artificial intelligence (AI) to automate actions on your behalf and to provide information and recommendations. This includes automated decision making that may significantly affect your account and transactions. AI outputs may be inaccurate, incomplete, or unsuitable for your needs. By selecting "I agree" and enabling this feature, you acknowledge that your inputs, instructions, and related data will be processed to provide these AI-enabled features. Use of the Agentic Wallet involves inherent risks associated with automated, AI-driven decision-making, including the potential for unintended transactions, errors, or losses arising from agent behavior within the scope of permissions users have granted. Binance Wallet does not guarantee the accuracy, reliability, or outcomes of any actions taken by an AI agent operating through the Agentic Wallet. The Agentic Wallet utilizes Secure Auto Sign technology, which, once authorised, allows transactions to execute without individual transaction confirmations. The Agentic Wallet operates as an isolated wallet, separate from your existing Binance MPC Wallet. Binance Wallet assumes no liability for losses resulting from agent errors, unauthorized access, or misuse. Digital asset prices are volatile, and investments may lose value. Seek independent advice before investing. This is not financial advice. See our Terms of Use and Risk Warning.
TL;DRAnyone can own a personal AI stock analyst on BNB Agent Studio, with an open-source reference implementation to start from.Your agent runs through Binance Agentic Wallet to analyze bStocks around the clock.A trading competition is live now sharing up to 100,000 USDC, and highest realized PnL wins.Buy, hold or sell? Instead of waiting on someone else’s research, build the analyst that helps you make the call.
Own your analyst with BNB Agent Studio, run it through Binance Agentic Wallet, pull market data from CoinMarketCap and use it to research bStocks that trade around the clock.
Then put that analysis to work in a live competition with up to 100,000 USDC to share.
bStocks Never Sleep, Your Research Shouldn’t EitherbStocks bring 1:1-backed U.S. stocks onchain, letting users trade around the clock instead of being limited to traditional market hours.
That creates a new trading rhythm. Your Stock Analyst Agent can pull fresh market data, fundamentals, technical signals and risks on demand, helping you make better-informed decisions whenever the market is moving.
Build Your Own Stock AnalystThe good news is, you do not have to start from scratch.
The open-source reference implementation shows how to combine market data, technical indicators, portfolio context and agent payments in one workflow.
From there, you can change the data sources, models, strategy or logic to build an analyst around the way you actually trade or research.
What Your Stock Analyst Can DoGive the agent a ticker and it returns a structured report across five areas:
Call: Buy, hold or sell, alongside a target price.Fundamentals: Price, market capitalization, revenue growth and other company data.Technicals: Signals calculated from indicators such as RSI, MACD and Bollinger Bands.Investment thesis: The bull case and bear case behind the analysis.Risk: Factors that could weaken or invalidate the thesis.The reference implementation also reads portfolio information, allowing the analysis to account for the user's existing position and cost basis.
The result is a starting point for research rather than an automated instruction to trade.
BNB Chain, Binance Wallet and CMC are bringing the full experience together in a live trading competition with a prize pool of up to 100,000 USDC, from Aug 17 to Sep 1, 00:00 UTC.
The more AUM participants bring into the campaign, the larger the prize pool grows. Rankings are based on realized PnL, with the highest realized PnL taking the top spot.
Each B402 call costs ~$0.10, with supported assets being U, USD1, USDT and USDC.
Full eligibility requirements, competition mechanics and terms are available here.
Get StartedBuild your Stock Analyst Agent on BNB Agent Studio, connect through Binance Agentic Wallet, put CMC market data to work, and test your analysis with bStocks.
24/7 trading deserves 24/7 research.
Disclaimer: Information provided by the AI stock analyst on BNB Agent Studio (including calls, snapshots, theses, and risk assessments) is for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. It is derived from publicly available data and algorithmic analysis, with no guarantee of accuracy or completeness. Past performance does not indicate future results, and all investments carry risk, including loss of principal. Users are solely responsible for their own research and decisions, and should consult a licensed financial adviser before acting on this information. BNB Chain, its affiliates, and BNB Agent Studio assume no liability for any losses or outcomes arising from its use.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
In a recent announcement, major crypto exchange Binance issued a notice of removal for selected margin trading pairs, which will be delisted from Cross and Isolated Margin platforms as applicable.
A total of eight pairs will be delisted from Cross Margin; three out of these eight will be delisted on Isolated Margin, with the delisting set to occur on August 21.
The eight Cross Margin pairs affected include AUCTION/USDC, BEAMX/USDC, CETUS/USDC, HUMA/USDC, LAYER/USDC, NXPC/USDC, UMA/USDC and VELODROME/USDC.
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The Isolated Margin pairs affected are three in number and include HUMA/USDC, LAYER/USDC and NXPC/USDC. Binance Margin will delist the aforementioned margin trading pairs on August 21 at 06:00 (UTC).
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Starting from now, users will no longer be able to transfer any amount of assets of the said pairs via manual transfers and Auto-Transfer Mode into their Isolated Margin accounts with immediate effect.
Delisting datesBinance Margin will suspend isolated margin borrowing on the isolated margin pairs of HUMA/USDC, LAYER/USDC and NXPC/USDC on August 18 at 06:00 (UTC).
Binance Margin will close users' positions, conduct an automatic settlement, and cancel all pending orders on the cross and isolated margin pairs listed on August 21 at 06:00 (UTC). These pairs will then be removed from Binance Margin.
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Users will not be able to update their positions during the delisting process, which may take about 3 hours; hence, they are urged to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of Margin trading on August 21 to avoid potential losses.
Binance to perform wallet maintenance for BNB Smart ChainBinance will perform wallet maintenance for BNB Smart Chain (BEP20) on August 20 at 06:00 (UTC).
To support the wallet maintenance, deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended starting from August 20 at 05:55 (UTC) and will be resumed when the maintenance is complete. The maintenance will take about one hour, but trading of tokens on the network will not be impacted.
The U.S. Department of the Treasury has issued a notice of proposed rulemaking, soliciting public comments on the payment stablecoin regulatory framework under Section 3 of the GENIUS Act. Per the legislation, starting January 18, 2027, any individual issuing payment stablecoins in the U.S. must obtain a federal or state license; digital asset service providers are prohibited from offering foreign-issued payment stablecoins unless the foreign issuer has the technical capability to comply with U.S. laws and reciprocal arrangements. Starting July 18, 2028, all payment stablecoins that service providers offer or sell to persons within the U.S. must be issued by a licensed issuer. Treasury Secretary Scott Bessent stated, “Trump and Congress passed the GENIUS Act, establishing a landmark framework and clear rules for payment stablecoins, and the Treasury is moving quickly to implement it.” The core of this proposed rule is to define the specific meanings of “issuing payment stablecoins in the U.S.” and “offering or selling to persons within the U.S.,” clarifying for the industry when a license is required and how to operate compliantly in the U.S. market. The public may submit comments within 60 days of the notice’s publication in the Federal Register. This rulemaking builds on a prior notice issued by the Treasury last September, marking the transition of stablecoin regulation from a framework act to the implementation of enforceable rules, which will directly impact the compliance paths of major stablecoin issuers including USDC and USDT, as well as trading platforms.
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Official announcement: Binance will remove the following margin trading pairs at 14:00 (UTC+8) on August 21: Cross margin pairs include AUCTION/USDC, BEAMX/USDC, CETUS/USDC, HUMA/USDC, LAYER/USDC, NXPC/USDC, UMA/USDC, and VELODROME/USDC; Isolated margin pairs include HUMA/USDC, LAYER/USDC, and NXPC/USDC. Binance will suspend borrowing for the above isolated margin pairs starting at 14:00 (UTC+8) on August 18, and will close related positions, conduct automatic settlements, and cancel all pending orders at 14:00 (UTC+8) on August 21.
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According to market data, Changxin Technology rose more than 10% in the afternoon session, hitting a new high in its share price since listing, with a market capitalization of 4.07 trillion yuan and trading volume exceeding 23 billion yuan.
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After $牛来 was listed on @Aster_DEX Perps, its price surged by over 150%. The 24-hour trading volume has reached $4.47M.
After $牛来 was listed on @Aster_DEX Perps, its price surged by over 150%. The 24-hour trading volume has reached $4.47M.
6 minutes ago
Glassnode: Bitcoin is being sidelined amid the ongoing capital rotation, as risk capital continues to flow into U.S. stocks and AI assets.
Glassnode noted in a recent post that as U.S. consumer confidence has plunged to an all-time low, U.S. stock markets have continued to hit new all-time highs, creating a stark contrast between market sentiment and asset performance. Weak consumer confidence is driving capital to accelerate shifting from cash assets to stocks, artificial intelligence (AI)-related assets, and commodities, as investors seek higher returns by allocating to risk assets. Notably, Bitcoin has been noticeably overlooked in this round of capital rotation. While stocks, AI, and commodities continue to attract inflows, Bitcoin has not benefited in tandem, indicating that current market capital allocation remains concentrated primarily on traditional risk assets and AI themes, with BTC’s participation in this round of asset rotation being relatively limited.
6 minutes ago
Goldman Sachs: Market expectations for the Federal Reserve's interest rate hikes are overly hawkish.
Goldman Sachs said that given U.S. inflation is cooling, market expectations for Federal Reserve interest rate hikes remain overly aggressive. Goldman Sachs chief economist Jan Hatzius wrote in a report that due to weak retail sales data, disappointing employment figures, and continued slowing inflation data, the likelihood of the Fed raising rates at its September meeting is "extremely low". Hatzius noted: "Based on our baseline economic forecast, the likelihood of inflation data improving further over time is higher than that of it worsening again. We still believe market pricing for the federal funds rate is overly hawkish." Data shows markets have pushed back expectations for the Fed's next 25-basis-point rate hike to January next year, while just a week ago, markets had fully expected the Fed to raise rates in December. Goldman Sachs believes that although market pricing is no longer as hawkish, there is still room for rate hike expectations to fade further.
According to official announcements, Coinbase has announced a full-scale push into the "Agentic Economy", covering three groups: users who utilize AI agents, enterprises that provide services to AI agents, and developers building products and infrastructure for AI agents. Coinbase says it is constructing a comprehensive financial service system for AI agents: AI agents can conduct research, planning, decision-making, and trading on its "Everything Exchange", covering assets including cryptocurrencies, stocks, derivatives, and more. The company is also launching Coinbase Advisor, an AI investment advisor built into the Coinbase app to assist users in making investment decisions. On the enterprise front, Coinbase is introducing payment capabilities for AI agents, allowing businesses to accept USDC payments from AI agents via Coinbase Business, with native integration of the x402 standard—no need to build separate payment processes. Coinbase notes that this solution eliminates credit card-style chargeback risks, idle USDC can earn 3.35% rewards, and enterprises can manage funds, reconcile accounts, and withdraw funds all within the same account. Additionally, Coinbase has launched the CDP x402 SDK, enabling developers to integrate AI agent payment capabilities into APIs or MCPs with just approximately 3 lines of code, without requiring deep expertise in x402 technology. Coinbase adds that as AI agents gain autonomous payment capabilities, they also require a marketplace to discover and purchase services. The x402 is emerging as an open payment standard for machines, enabling agent-to-agent transactions without human intervention; when AI agents need capital, they can turn to Coinbase. The company refers to this entire ecosystem as "AI Finance" (AiFi), stating that the global economy is being restructured around AI agents.
Relevant content
US stocks' Q2 profit growth far exceeded expectations, with Wall Street raising the year-end average target for the S&P 500 to 7,894 points.
According to Bloomberg, S&P 500 constituents posted a 31% year-over-year profit increase in the second quarter, exceeding the prior consensus estimate of 23%—the strongest growth for the index since Bloomberg Intelligence began tracking data in 1992, excluding recovery periods following major recessions. Over 90% of S&P 500 members have reported their earnings, with the first half’s overall profit performance on track to be the strongest since 2021. Analysts attribute the earnings beat to two factors: U.S. economic resilience and margin expansion driven by artificial intelligence (AI). The net profit margin of S&P 500 constituents has risen from a level that struggled to break 14% to nearly 16%. Mark Hackett, chief market strategist at Nationwide, noted that AI, which was largely a cost center for years, has reached an inflection point this year and is now becoming a profit driver. As profit growth outpaces the index’s price gains, the S&P 500’s 12-month forward price-to-earnings (P/E) ratio has fallen from around 26 at the start of the year to just under 22. Wall Street strategists have also steadily raised their forecasts: the average year-end target for the S&P 500 has climbed to 7,894 points, leaving roughly 1% upside from the index’s record high set this week; the full-year profit growth forecast has been lifted from 15% at the start of the year to 27%. This round of profit growth is no longer limited to large tech firms. As of August 12, roughly three-quarters of the approximately 1,500 U.S. public companies that have reported earnings beat both earnings per share (EPS) and revenue estimates. The healthcare sector was the only S&P 500 group to post a profit contraction in the second quarter.
8 minutes ago
Nvidia plans to invest $3 billion in SB Energy to support OpenAI's data center project.
According to Reuters, NVIDIA is in talks to invest up to $3 billion in SB Energy, a subsidiary of SoftBank Group. SB Energy is developing power and data center infrastructure for a large data center project planned by OpenAI in Ohio, U.S. This potential investment is part of the financing arrangements between NVIDIA, OpenAI, and SB Energy for the Ohio data center project, with the three parties currently discussing providing around $100 billion in credit support for the initiative. NVIDIA is considering investing $1.5 billion when the project agreement is signed, and another $1.5 billion when SB Energy holds its planned IPO. SB Energy could go public as early as next month, and plans to raise at least $5 billion via its IPO. Founded in 2019, the company is currently constructing multiple large-scale power and data center projects to meet infrastructure demands driven by the growth in AI workloads. Additionally, NVIDIA has adjusted its support plan for OpenAI’s Ohio data center project, with the initial guarantee expected to be less than $120 billion, a significant drop from the previously discussed $250 billion.
8 minutes ago
Lookonchain trader turns $120 into $205.8K with $牛来 token, 1,715x return
What can you do with $120? This guy made $205.8K with only $120, an 822x return! He spent $120 to buy 19.1M $牛来, then sold 9.1M $牛来 for $25.9K and still holds 10M $牛来 ($180.2K). Total profit: $205.8K. Wallet: 0x639cf6961b227d73fc4015380104249571c73da4
8 minutes ago
A trader spent just $120 to buy 19.1 million units of the meme coin Niulai, reaping an 822-fold return.
According to Lookonchain’s on-chain monitoring, a trader spent just $120 to buy 19.1 million units of BSC-based meme coin "Niu Lai". The trader later sold 9.1 million of these tokens for $25,900, and currently holds the remaining 10 million tokens, worth roughly $180,200. The total profit amounts to approximately $205,800, delivering an 822x return on the initial investment.
8 minutes ago
Analysts: The US and Iran are locked in a war of words, making the standoff in the Strait of Hormuz unlikely to be resolved.
Iranian Foreign Ministry spokesman Bahaei stated on the 15th that the current situation in the Strait of Hormuz is a direct outcome of the "illegal actions" of the United States and Israel. Recently, the US and Iran have engaged in sharp exchanges over the Strait of Hormuz, with both sides repeatedly voicing their stances on the issue and refusing to back down. In this regard, some analysts noted that the ongoing standoff between the two sides, with irreconcilable differences, could lead to a vicious cycle of tensions, making full navigability of the Strait of Hormuz unlikely in the short term. Analysts hold that given the current standoff between the US and Iran on the Strait of Hormuz, neither side is likely to make major concessions on the issue in the near term. Unless the US opts to launch a new large-scale military strike against Iran, the deadlock of ongoing games will not change significantly, and Trump’s ambitions of "defeating Iran" and "incorporating the Strait of Hormuz into US territory" will remain nothing but empty talk. (CCTV News)
8 minutes ago
Meme token "Niu Lai" on BSC briefly surged past $15 million in market capitalization, with its price rising more than 150 times in 24 hours.
According to GMGN market data, the market capitalization of the Meme coin "Niu Lai" on BNB Chain briefly exceeded $15 million, and is currently trading at $14.2 million, surging more than 150 times in 24 hours. Recently, the summer animated film "Niu Lai" unexpectedly gained widespread attention due to controversies over its visual production. A relative of the director revealed that the film was created entirely by the director and his mother—no production team was hired, and all work was done manually over five years. As of press time, today's box office has reached 852,800 yuan. BlockBeats reminds users that most Meme coins lack practical use cases, feature highly volatile prices, and thus require caution for investment.
Coinbase makes a comprehensive push into AiFi, building financial infrastructure for the AI agent economy.
According to official announcements, Coinbase has announced a full-scale push into the "Agentic Economy", covering three groups: users who utilize AI agents, enterprises that provide services to AI agents, and developers building products and infrastructure for AI agents. Coinbase says it is constructing a comprehensive financial service system for AI agents: AI agents can conduct research, planning, decision-making, and trading on its "Everything Exchange", covering assets including cryptocurrencies, stocks, derivatives, and more. The company is also launching Coinbase Advisor, an AI investment advisor built into the Coinbase app to assist users in making investment decisions.
On the enterprise front, Coinbase is introducing payment capabilities for AI agents, allowing businesses to accept USDC payments from AI agents via Coinbase Business, with native integration of the x402 standard—no need to build separate payment processes. Coinbase notes that this solution eliminates credit card-style chargeback risks, idle USDC can earn 3.35% rewards, and enterprises can manage funds, reconcile accounts, and withdraw funds all within the same account. Additionally, Coinbase has launched the CDP x402 SDK, enabling developers to integrate AI agent payment capabilities into APIs or MCPs with just approximately 3 lines of code, without requiring deep expertise in x402 technology.
Coinbase adds that as AI agents gain autonomous payment capabilities, they also require a marketplace to discover and purchase services. The x402 is emerging as an open payment standard for machines, enabling agent-to-agent transactions without human intervention; when AI agents need capital, they can turn to Coinbase. The company refers to this entire ecosystem as "AI Finance" (AiFi), stating that the global economy is being restructured around AI agents.
6 minutes ago
Meme token "Niu Lai" on BSC briefly surged past $15 million in market capitalization, with its price rising more than 150 times in 24 hours.
According to GMGN market data, the market capitalization of the Meme coin "Niu Lai" on BNB Chain briefly exceeded $15 million, and is currently trading at $14.2 million, surging more than 150 times in 24 hours. Recently, the summer animated film "Niu Lai" unexpectedly gained widespread attention due to controversies over its visual production. A relative of the director revealed that the film was created entirely by the director and his mother—no production team was hired, and all work was done manually over five years. As of press time, today's box office has reached 852,800 yuan. BlockBeats reminds users that most Meme coins lack practical use cases, feature highly volatile prices, and thus require caution for investment.
6 minutes ago
Analysis: Bitcoin is in the "extreme discount" zone of the Rainbow Chart, with its downward deviation surpassing that of the previous bear market bottom.
CryptoQuant analyst Axel Adler Jr. noted in a post that Bitcoin is currently trading in the lowest range of the Rainbow Chart model — "basically a fire sale price". This represents an extreme discount relative to the cryptocurrency’s long-term price trajectory, and is not merely a measure of how much Bitcoin has declined. The Rainbow Chart model compares Bitcoin’s current price to its long-term trend, so the gap reflects the market’s deviation from historical patterns. The volatility-adjusted Z-Score now stands at -2.293, the lowest reading since 2016 and lower than the -1.979 recorded at the 2022 bear market bottom. This metric accounts for volatility differences across distinct market cycles, meaning the current downward deviation from the model is more severe than that seen at the last bear market’s trough. Bitcoin is now in an extreme discount zone, with the volatility-adjusted Z-Score hitting a 10-year low. This signals significant undervaluation relative to the model, but it does not alone confirm the final market bottom. Extremely low valuations point to a potentially attractive entry range, though a market reversal would need separate confirmation. Note: The Z-Score is a widely used standardized statistical metric that quantifies how far a data point lies from the mean, measured in units of standard deviation.
6 minutes ago
Google will allow users to remove visible watermarks from its AI-generated content.
Google announced that users can now remove visible watermarks from its AI-generated content, including images, videos, and songs. The company clarified that this change does not impact invisible SynthID watermarks or metadata related to the C2PA standard. Josh Woodward, vice president of Google Gemini, stated in a post that this toggle will apply to the Nano Banana, Omni, and Lyria models. He added that the setting to turn off visible watermarks will be available in Gemini and Google’s Video Editor Flow, with support for Search launching soon. The feature will roll out gradually over the coming days; once live, users can access "Settings > Media Watermarks" to enable or disable visible watermarks. Google has also open-sourced a new library named Credentio, designed to help developers embed local verification mechanisms into their own applications.
6 minutes ago
Stepping into the fray! DeFiLlama reported the fraudulent app for months to no avail, and only after testing it themselves and falling victim to theft did Apple finally take it down from its App Store.
DeFiLlama founder 0xngmi posted on social media that for months, he has been working to get Apple’s App Store to take down a fake app impersonating DeFiLlama, repeatedly reporting trademark infringement and unauthorized impersonation of the official app to Apple. The team then loaded a small amount of funds into a test wallet, downloaded the fake application, and as expected, all funds in the wallet were stolen. The incident was reported to Apple, and the app was removed from the store within days. 0xngmi noted that he hopes other cryptocurrency companies will learn from this to avoid wasting time on similar efforts, as his team did.
6 minutes ago
Iran says it has reached an agreement with Oman on the plan for passage through the Strait of Hormuz.
According to CCTV News, on local time August 15, Iranian Foreign Ministry spokesperson Baghaei said that despite US obstruction, talks between Iran and Oman are still advancing actively, and the two sides have reached an agreement on a navigation plan for the Strait of Hormuz.
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.
Morgan Stanley’s holdings of Circle surged nearly sixfold, but the firm cut its rating on the crypto firm to "Underweight" and lowered its target price to $38.
Morgan Stanley downgraded Circle (CRCL) stock rating from "Hold" to "Underweight" on August 3, slashing its price target from $106 to $38. Analysts attributed the rating cut primarily to the contraction in USDC circulation, which exposed Circle’s high sensitivity to reserve-related revenue. Meanwhile, the company’s business structure is shifting toward a transaction-based revenue model with lower profit margins. The report also cut Circle’s USDC size forecasts for 2027 and 2028 by approximately 33% and 44% respectively, and projected the company’s GAAP earnings per share (EPS) to be about 3% and 20% lower than market consensus.
However, Morgan Stanley’s latest filed 13F document shows that as of June 30, its holdings of Circle shares surged from around 1.46 million to 8.32 million, marking a clear position increase in the second quarter. This means that while Morgan Stanley publicly downgraded Circle’s rating and price target in early August, signaling a cautious outlook, its disclosed holdings as of the end of Q2 showed a significant position increase. It should be noted that 13F filings reflect holdings as of June 30, and cannot reflect whether positions were adjusted before or after the August rating cut. The market’s focus centers on the stark contrast between the institutional research view and the historical holdings disclosure.
7 minutes ago
Binance Research: Gen Z Prefers ETFs, With Lower Trading Frequency and Leverage Usage Than Other Age Groups
Binance Research data shows that Gen Z investors are gradually shifting to long-term asset allocation tools like ETFs, with lower trading frequency and weaker leverage preference compared to Millennials, Gen X, and Baby Boomers. In early August, ETFs accounted for 25% of Gen Z's stock trading volume. In July, ETFs made up 21.9% of Gen Z's net inflows into stocks, up from 18.5% in June; over the same period, the share of individual stock investments dropped from 77% to 74.2%.
Binance Research analyzed trading activities including direct stocks, tokenized stocks, and traditional financial perpetual contracts. The data shows Gen Z's trading activity across these three asset classes is lower than that of other working-age groups. Specifically, Gen Z's traditional financial perpetual contract accounts average 13 trades per month, lower than Millennials' 17 and Gen X's 16.5. Among direct stock accounts, 22% of Gen Z users have never sold any stocks, higher than Gen X's 19% and Baby Boomers' 9%. For Gen Z accounts where stocks were purchased but never sold, the top assets by cumulative purchase amount include Broadcom, Tesla, and the Charles Schwab U.S. Dividend Equity ETF.
In terms of leveraged products, Gen Z exhibits a lower risk appetite. Data shows 88.2% of Gen Z's traditional financial perpetual contract accounts have never traded leveraged or inverse ETFs, higher than Millennials' 84.5% and Gen X's 85.9%.
Additionally, the tokenized stock market continues to expand. Data shows Binance's bStocks recently briefly surpassed Kraken's xStocks to become the world's second-largest tokenized stock issuance platform. As of the latest data, Ondo Finance ranks first with approximately $972 million in tokenized stock value, while xStocks and bStocks stand at around $611 million and $580 million respectively.
7 minutes ago
Serenity responds to "going to zero" rumors by sharing a screenshot, with its year-to-date return standing at 2411.84%.
Serenity released a statement accompanied by photos to address recent market rumors that his trading account has "gone to zero", calling the claims "too exaggerated". He added that despite the sharp correction in the AI sector in July, his year-to-date (YTD) return still stands at 2411.84%. Earlier, Serenity had publicly stated that the slump in AI-related stocks in July led to a roughly 49.4% drawdown in his portfolio at one time, with his positions mainly concentrated in key segments of AI infrastructure—including high-volatility sectors such as storage, optical communications, robotics, and upstream semiconductors. Serenity has long focused on "bottleneck segments" within the AI industrial chain, has conducted multiple researches on memory, photonics, CPO, and semiconductor supply chains, and has drawn market attention for his bets on AI infrastructure-related assets.
7 minutes ago
Talks between Stripe and Advent to acquire PayPal are heating up, with the potential deal valued at up to $53 billion.
Payment giant PayPal’s acquisition talks with Stripe and private equity firm Advent Global Opportunities are heating up, with a potential deal to be finalized in the coming weeks. Back in July, Stripe and Advent proposed acquiring PayPal at $60.50 per share, valuing the deal at roughly $53 billion, but PayPal rejected the offer at the time. However, sources familiar with the matter revealed that negotiations have not broken off and are still ongoing. Neither PayPal nor Stripe has confirmed the reports. PayPal declined to comment, while Stripe said it does not respond to market rumors or speculation.
The potential sale comes as PayPal seeks to reverse its growth struggles. Since PayPal CEO Enrique Lores took office in March this year, he has rolled out a restructuring plan splitting the business into three segments: checkout and PayPal core services, consumer financial services (including Venmo), and payment services and crypto operations. Lores has stated that PayPal will return to its identity as a technology company and strengthen its core payment capabilities. Meanwhile, the company plans to boost efficiency through cost cuts, with an estimated 20% workforce reduction over the next two to three years.
Founded in 1998, PayPal’s founding team includes Silicon Valley figures such as Peter Thiel, Elon Musk, and Max Levchin. The company grew rapidly during the pandemic due to the e-commerce boom, but has faced challenges including slowing growth and downward pressure on its stock price in recent years. If the deal is completed, it will be one of the largest acquisitions in the fintech industry in recent years.
7 minutes ago
Duan Yongping has bet on SpaceX for about 20 days, with paper gains exceeding $5.4 million.
According to public information from Xueqiu platform, Duan Yongping recently participated in SpaceX (SPCX) via two transactions: options and common stock. On July 24, he sold 1,000 SPCX put options expiring on December 18, 2026, with a strike price of $115, at a transaction price of approximately $23.26, corresponding to a premium of about $2.326 million. Then, on August 5, Duan Yongping bought 100,000 SPCX shares at a cost of roughly $108.68 per share. Based on SpaceX’s latest closing price of $140, this long stock position has an unrealized gain of around $3.132 million. Combined, Duan Yongping’s round of SpaceX trades has generated an unrealized profit of approximately $5.458 million in about 20 days.
However, it should be noted that although the premium from selling the put option has been credited, the option has not yet expired. If SPCX subsequently falls below $115 and is exercised, he will still be obligated to take delivery of the shares at the strike price. SPCX has been highly volatile recently: after its June listing, the stock once surged to above $200, then dropped back to around $105. In August, as the impact of the first batch of restricted stock unlocks was weaker than expected and market risk appetite recovered, the stock price rebounded to the $140 level. As a result, Duan Yongping’s current trade has evolved from "selling puts to collect premiums" to a staged high-probability trade.
7 minutes ago
Kanye West’s YZY token sees its largest unlock event: 120 million tokens released, plunging nearly 90% from its all-time high.
According to monitoring by OnchainLens, Kanye West’s YZY token is set to undergo its largest-ever token unlock on August 16, with a total of 120.83 million YZY tokens entering circulation, worth roughly $35.26 million, representing 12.08% of YZY’s total 1 billion token supply. After this unlock, YZY will continue to release tokens on an ongoing basis, with an estimated monthly unlock value of approximately $8.51 million, a schedule running through July 2027. Market data shows YZY’s current price has fallen around 89.9% from its all-time high of $2.95, with its current market capitalization standing at $87 million.
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.
Amsterdam, Netherlands, August 14th, 2026, Chainwire
USDT remains the dominant stablecoin by business transaction volume on NOWPayments, but new platform data shows USDC gaining momentum fast. In H1 2026, USDC transaction count increased 209.02% year over year and transaction volume rose 101.63%, while USDT transaction activity declined over the same period.
The result is an increasingly differentiated stablecoin landscape: USDT continues to offer the scale and liquidity businesses rely on globally, while USDC is emerging as a growing alternative, particularly for companies navigating regulated European infrastructure.
Stablecoins are no longer used only to accept crypto payments. Businesses are increasingly relying on USDT and USDC to move money throughout their daily operations, from affiliate commissions and supplier settlements to marketplace payouts, payroll, treasury transfers, and customer withdrawals. As more companies build these workflows around digital assets, stablecoins are becoming an important part of business infrastructure rather than simply another payment option.
Drawing on USDT and USDC transaction activity across the NOWPayments platform between 2025 and 2026, this report examines how business stablecoin usage is evolving and the blockchain networks supporting that activity.
*Unless otherwise stated, all figures refer to USDT and USDC transaction activity processed through the NOWPayments platform.
Stablecoins Are Becoming Business Infrastructure
For many businesses, accepting a crypto payment is only the first step. Once funds are received, they still need to move through the business. Suppliers need to be paid, affiliates receive commissions, marketplace sellers withdraw earnings, employees collect salaries, and finance teams transfer working capital between accounts.
Instead of converting every incoming payment into fiat, many businesses now keep part of their operating funds in stablecoins and use them directly for day-to-day settlements.
Common operational use cases include:
Affiliate and referral commissions
Supplier and contractor payments
Marketplace seller withdrawals
Payroll for distributed teams
Creator and influencer payouts
Treasury transfers
For many businesses, stablecoins now support both incoming payments and outgoing transfers within the same operational workflow.
Business Stablecoin Adoption: USDT and USDC
The data reveals a clear divergence between scale and momentum. USDT remains the dominant stablecoin by transaction volume, while USDC is growing significantly faster from a smaller base.
USDT Still Leads Business Stablecoin Volume
USDT continues to account for the largest share of business stablecoin transaction activity, particularly by transaction volume.
USDT’s lead remains substantial, even as its transaction activity declined year over year. In H1 2026, USDT transaction count declined 1.55% compared with H1 2025, while transaction volume fell 14.99%. Even so, USDT accounted for 66.92% of stablecoin transaction volume on NOWPayments in H1 2026. Its substantially higher share of transaction volume than transaction count (41.32%) suggests that USDT continues to play a particularly important role in higher-value business transfers.
USDC Gains Momentum Fast
USDC is becoming an increasingly important part of business stablecoin adoption.
USDC remains much smaller than USDT by overall transaction share, but it is showing substantially stronger growth. In H1 2026, USDC transaction count increased 209.02% year over year, while transaction volume rose 101.63% year over year.
Its share of stablecoin transaction count also increased from 2.88% in 2025 to 4.94% in 2026, while its share of transaction volume rose from 5.52% to 8.95%. While NOWPayments data does not explain individual business decisions, the increase in both USDC transaction activity and transaction share indicates that USDC is gaining ground alongside USDT on the platform.
Network Choice Adds Another Layer to Stablecoin Strategy
Stablecoin choice is only part of the infrastructure decision. Businesses also select networks based on transaction costs, settlement speed, recipient compatibility, and ecosystem support.
Businesses using NOWPayments can process stablecoin transactions across multiple blockchain networks, including:
USDT
TRON
Ethereum
BNB Smart Chain
Polygon
USDC
Ethereum
Base
Polygon
Arbitrum
Two Stablecoins, Two Business Advantages
The divergence between USDT and USDC is not only about transaction growth. The two assets increasingly offer businesses different advantages: USDT combines global scale and liquidity, while USDC has a clearer position within Europe’s MiCA-regulated environment.
USDT and USDC Under MiCA
For global operations, USDT’s liquidity and broad ecosystem support remain significant advantages. For businesses focused on Europe, USDC’s regulatory positioning can make it easier to integrate with regulated crypto infrastructure. For companies operating across both environments, supporting both assets can provide greater flexibility.
Businesses looking for a detailed legal analysis can explore NOWPayments' analysis of USDC under MiCA and comparison of USDT and USDC under MiCA, which examine the regulatory framework and its practical implications for payment and payout infrastructure.
MiCA does not prohibit businesses or individuals from holding or transferring USDT. However, regulated exchanges, custodians, payment providers, and other crypto asset service providers may apply restrictions based on their own compliance obligations.
What the Findings Mean
NOWPayments data points to a stablecoin market defined by two different strengths. USDT remains the scale leader, accounting for 66.92% of stablecoin transaction volume in H1 2026. USDC remains much smaller, but its 209.02% growth in transaction count and 101.63% growth in transaction volume show significantly stronger momentum.
For businesses, the emerging picture is less about choosing a winner and more about choosing the right infrastructure for the market: USDT for global liquidity and established transaction scale and USDC for growing adoption and a clearer regulatory position in Europe.
"For many businesses, the question is no longer necessarily USDT or USDC. Supporting both can provide more flexibility across markets, partners, and operational requirements," said Kate Lifshits, CBDO of NOWPayments.
About NOWPayments
NOWPayments is a crypto business ecosystem designed to help companies accept payments, automate mass payouts, manage stablecoin treasury, and scale global digital asset operations through a single infrastructure. Supporting 350+ cryptocurrencies, 30+ stablecoins, flexible settlement options, and enterprise-grade APIs, the platform helps businesses build scalable global payment operations. With 99% of payments completed in under one minute, near-instant email payouts, enterprise automation, and 24/7 operational support, NOWPayments provides the infrastructure businesses need to monetize, move, and manage digital assets at scale.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
A player reportedly deposited 1 million USDC on 1win and backed Paris Saint-Germain at 1.74 odds against Aston Villa, receiving a $1.749 million USDC payout after the win.
Summary
A $1 million USDC wager on PSG highlights how crypto whales are moving beyond traditional trading and into online entertainment.
1win’s latest whale-sized payout underscores how large crypto holders are increasingly using digital assets across entertainment platforms.
Just this week, a player deposited 1,000,000 USDC and placed the full amount on Paris Saint-Germain to beat Aston Villa, at odds of 1.74. They won, almost immediately producing a $1,749,000 USDC payout from the entertainment and prediction platform, 1win.
The win rakes in a huge reward for the user, but it also shows that whales are no longer limiting themselves to exchanges, DeFi protocols and token markets. The player is part of 1win’s Crypto Ambassador Program, connecting the whale-sized transaction directly with the crypto-native community the platform is actively building.
This is proof that large digital-asset holders are using crypto directly inside entertainment platforms, with some of the transaction sizes now looking more like institutional trades than ordinary online bets.
The rise of the crypto VIP
The traditional crypto “whale” is usually discussed in terms of wallet movements, exchange deposits or major token positions. But as digital assets become easier to use outside trading, high-value users are expanding into gaming, prediction markets, esports and online betting.
For these users, merely accepting stablecoins is no longer much of a differentiator.
A whale moving hundreds of thousands, or millions, of dollars cares about transaction speed, withdrawal capacity, dedicated support and the ability to move easily between different entertainment products. That is creating a new kind of VIP ecosystem.
1win’s model combines casino, sportsbook, esports and crypto products with a tiered VIP structure that includes cashback, personal management, concierge-style support, private events and travel. The Ambassador Program adds a community layer to the strategy, and the company is recruiting people already active in crypto and online communities to become visible participants in the ecosystem.
The seven-figure winner is a clear example of a crypto-native participant engaging with entertainment platforms at whale scale.
The withdrawal matters
For high-value users, a large advertised betting limit means little if withdrawing becomes difficult after a win. That is why the 1,749,000 USDC case stands out.
Crypto creates a level of transparency traditional payment systems usually do not. Bank transfers largely disappear into private financial infrastructure, while blockchain movements can be observed publicly. That gives large deposits and withdrawals reputational significance. In this instance, the transaction provides a visible example of whale-scale crypto activity on 1win and, crucially, a successful large withdrawal after the winning bet.
Entertainment is becoming another crypto use case
The broader story is that crypto-native entertainment is increasingly becoming its own category, bringing together gaming, sports, esports, prediction products, social communities and Web3 infrastructure, and attracting a different kind of player.
The users driving that shift are changing because they are not newcomers buying crypto specifically to gamble. Some already hold meaningful digital balances and increasingly expect to use those assets directly across the internet.
For entertainment platforms, winning those users means competing on more than bonuses. It means building faster payment rails, stronger VIP services, crypto-native communities and experiences designed around people already comfortable moving significant value on-chain.
The win at hand captures that transition unusually well: a member of a crypto-focused ambassador ecosystem moved seven figures into an entertainment platform, made a major sports wager, won and successfully withdrew the resulting funds.
For the emerging crypto-entertainment market, that full cycle of community, deposit, play, win and withdrawal is an important signal of where crypto and entertainment are headed.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
In another episode of scams that made headlines in 2026, a recent phishing attack specifically targeted Hyperliquid users rather than a direct breach of Hyperliquid’s protocol.
According to Darcy Ari, co-founder of FlashRescue, on the 13th of August, the attackers used Hyperliquid-related keywords to buy Google Search advertisements.
In the background, the malicious advertisement may have shown up among the top results when users searched for the platform, possibly passing for an official Hyperliquid link.
Following which, at least one user was sent to a phony website that mimicked the genuine platform after clicking on the advertisement.
Funds drained
That said, the user seemed to have lost 550,019 USDC, or about $550,000. After that, the money was moved to three blockchain addresses that were purportedly connected to the attackers.
In this transfer, around 440,015 USDC, 82,503 USDC, and 27,501 USDC were moved, respectively.
Source: Arkham
For context, instead of relying on a technological breach at Hyperliquid, the alleged attack used social engineering.
In order to trick users into connecting wallets, authorizing malicious transactions, or disclosing private information, attackers allegedly made a phony Hyperliquid website and advertised it using Google Search ads.
After being provided access, the attackers were able to transfer money without jeopardizing the trustworthy platform.
Steps taken
It has been reported that Google suspended the campaign’s associated advertiser. Well, this isn’t the first time a search ad-based crypto phishing attack has happened.
Given the rise in such scams, the Security Alliance (SEAL) has previously discovered over 356 malicious advertising URLs that target cryptocurrency wallets and platforms.
Attackers are stepping up their game
This comes as South Korean cybersecurity company Genians has reported that Kimsuky, a hacker collective with ties to North Korea, is allegedly incorporating AI tools straight into its cyberattack infrastructure.
The action may enable Kimsuky to automate and scale certain aspects of its attacks, including target research, phishing content creation, information analysis, and support for other phases of cyber operations.
Final Summary
The attackers used Hyperliquid-related keywords to buy Google Search advertisements, which forced one user into a phony website.
SEAL has previously discovered over 356 malicious advertising URLs that target crypto wallets and platforms.
Artificial intelligence stocks continue to dominate investor attention, translating into more volatility in equities in than the once famously volatile Bitcoin (CRYPTO: BTC) market.
Jeroen Blokland, founder of the Blokland Smart Multi-Asset Fund, on Friday highlighted an unusual reversal in market dynamics: semiconductor stocks tied to the AI boom are experiencing substantially more volatility than Bitcoin.
Blokland noted that Bitcoin is down roughly 50% from its peak 10 months ago.
Meanwhile, the 60-day realized volatility of the iShares Semiconductor ETF (NASDAQ:SOXX) has surged to around 70%, compared with roughly 30% for Bitcoin.
“Bitcoin, and pretty much every other asset class, has been completely overshadowed by AI and tech stocks,” Blokland said.
He argued that the divergence reflects an “unprecedented amount of price discovery”, or speculation, taking place in AI stocks while relatively little is happening in Bitcoin.
Blokland stressed that the volatility gap says little about Bitcoin’s long-term fundamentals. For investors who view Bitcoin as a trusted digital store of value in a debt-driven monetary system, he argued that patience remains key.
What Could Bring Crypto Back Into the AI Trade?Ironically, the technology currently pulling attention away from crypto could ultimately help bring activity back.
Market analyst Tanaya Macheel noted on Aug. 7 that crypto companies are increasingly positioning AI agents as a potential new class of blockchain users.
This shifts the industry’s pitch away from convincing humans to adopt crypto and provider autonomous software access to wallets and programmable money.
“Agents are the new mobile story,” one industry executive said as they could eventually trade assets, rebalance portfolios, purchase information and make payments without requiring human approval for every transaction.
That creates a natural potential use case for blockchain infrastructure because agents operate entirely online and may need financial rails that are programmable and available around the clock.
Stablecoins Could Be the Bridge Between AI and CryptoStablecoins could sit at the center of the AI-crypto convergence, giving autonomous agents predictable payment units while retaining blockchain’s 24/7 availability and programmability.
Unlike traditional banking infrastructure, stablecoins and smart contracts could enable real-time machine-to-machine payments and automated settlement.
Circle is positioning USDC (CRYPTO: USDC) for this opportunity, even as banks and financial firms explore competing stablecoins.
If AI agents become widespread, they could generate blockchain activity tied to real economic transactions rather than speculation.
AI equities may be winning investor attention today, but AI could eventually shift from crypto’s competitor for capital to a major source of real-world demand.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
A user of the Hyperliquid trading platform lost approximately $550,000 in USDC after inadvertently clicking on a malicious advertisement displayed via Google search. The ad redirected the user to a fraudulent website designed to mimic the official Hyperliquid site, leading to the theft of their funds.
Funds traced to attacker-controlled addressesDarcy, co-founder of FlashRescue, detailed the incident on August 13, highlighting three blockchain addresses suspected to belong to the perpetrator. Blockchain records revealed separate transfers totaling about 550,019 USDC being sent to these addresses. Notable movements included transactions of 440,015 USDC, 82,503 USDC, and 27,501 USDC.
These transfers clearly confirm that the lost USDC ended up in the identified wallets. However, only Darcy’s findings and evidence provided by the victim established the specific route by which the attacker exploited the individual, namely through a deceptive Google advertisement.
Google responded aggressively by suspending the advertiser responsible for the scam, emphasizing its “zero tolerance for scams” and revealing that its systems blocked or removed more than 8.3 billion ads last year. This figure included 602 million advertisements directly tied to fraudulent activities.
For 2025, Google stated its automated controls prevented over 99% of policy-violating ads from going live. The search giant reiterated its commitment to safeguarding users against phishing and fraud schemes, but acknowledged that sophisticated scams still emerge despite ongoing efforts.
Persistent phishing using Google AdsSecurity organizations have observed that malicious Google Ads targeting DeFi users like those of Hyperliquid have been circulating consistently for more than a year. Attackers frequently rotate through major decentralized finance brands, making it difficult to shut down these campaigns entirely.
According to SEAL, some of these operations employ compromised or illicitly acquired verified Google advertiser accounts. They often pair these accounts with cloaking techniques where initial landing pages—sometimes even hosted by Google—appear legitimate to automated review systems. Once a human user accesses the site, deceptive content is loaded through additional frames.
Investigators also noted the growing use of crypto drainers that rely on JavaScript embedded in browsers, tricking victims into approving malicious transactions. However, current evidence does not link a particular drainer tool to the latest Hyperliquid case.
There is no indication that the Hyperliquid protocol suffered any breach; the user was deceived before ever interacting with the legitimate trading platform, according to initial analyses.
Given the rapid pace of such attacks, market participants increasingly recognize the risk of fragmented tools and information sources. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
As of now, Hyperliquid users are urged to remain cautious and to only access the platform directly through trusted links, avoiding all third-party advertisements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Recently, Web3 AI ecosystem network X-Agent announced the official launch of the "X-Agent AI MCP Hackathon 2026: Build, Verify, MCPize, Monetize" online hackathon. Open to global developers and Web3 AI teams, the event aims to break the limitation of projects being "only a demo" by creating realistically callable, verifiable AI APIs and on-chain capabilities with sustainable monetization potential. Featuring zero-threshold standardization, it covers everything from APIs to Agent business tools. The hackathon runs for nearly 4 weeks, including a 5-day warm-up period and a 14-day development phase. Participants do not need to build complex MCP (Model Context Protocol) frameworks from scratch; they only need to develop core AI or crypto functions based on APIs and submit their source code. Projects that pass technical verification and security audits will be standardized and packaged into MCP tools aligned with Agent architecture with X-Agent’s assistance. A key benefit of the hackathon is direct access to the OKX.AI ecosystem, enabling pay-per-call monetization. High-quality winning projects will be recommended by X-Agent and listed on the OKX.AI Agent Marketplace. Via the A2MCP and x402 protocols (integrating OKX X Layer’s gas-free on-chain USDC settlement channel), developers will earn continuous pay-per-call revenue every time another AI Agent or user uses their tool. The event includes four major tracks focused on AI, Web3, and on-chain automation. The official notes that to ensure ecosystem security, security audit-related projects involving smart contract audits, security risk control, phishing detection, and rug pull checks are not eligible for participation.
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A Hyperliquid user appears to have lost about $550,000 in USDC on Aug. 13 after interacting with a phishing website promoted through a Google search advertisement, according to FlashRescue co-founder Darcy.
Summary
Hyperliquid user reportedly lost 550,019 USDC after transfers reached three addresses reportedly linked to attackers.
Google suspended the advertiser after paid search result allegedly directed users toward a phishing site.
SEAL blocked over 356 malicious advertising URLs during recent campaigns targeting cryptocurrency applications and wallets.
Hyperliquid documentation warns users to verify full URLs and treat unknown wallet activity as compromise.
On-chain transfers verify the fund movements, but cannot independently establish that Google advertising caused them.
His post identified three addresses allegedly controlled by the attacker.
On-chain data associated with the reported transaction shows roughly 550,019 USDC was split among the three addresses. The transfers provide evidence that the funds moved, but blockchain records alone cannot establish how the victim was deceived. Darcy attributed the theft to a paid Google advertisement impersonating Hyperliquid. GoPlus Security subsequently identified two of the same addresses in its own warning.
Hyperliquid phishing transfers totaled about 550,019 USDC
The reported transaction split the funds into about 440,015 USDC, 82,503 USDC and 27,501 USDC. The three recipient addresses were 0x98b276…13C55, 0x93b6B2…d6D1 and 0x6fE314…B566.
Those movements are consistent with Darcy’s approximately $550,000 estimate. However, the causal link to the Google advertisement currently rests on the researcher’s attribution and reported victim evidence rather than the blockchain itself. Security Alliance, or SEAL, similarly warns that reliable attribution of losses to individual advertisements requires direct victim evidence and additional indicators of compromise.
Google told The Block that it suspended the advertiser connected to the reported campaign. A spokesperson said the company has “zero tolerance for scams” and said its systems stopped more than 99% of policy violating ads before they ran during 2025. Hyperliquid did not immediately respond to the publication’s request for comment.
Google’s own 2025 Ads Safety report says it blocked or removed more than 8.3 billion ads and suspended 24.9 million advertiser accounts last year. That included 602 million advertisements and four million accounts associated with scams. Those figures cover Google’s global enforcement rather than this Hyperliquid case specifically.
SEAL tracked Hyperliquid impersonations months earlier
SEAL documented the wider campaign in April and said it had blocked more than 356 malicious advertising URLs within several weeks. Its dataset contained 17 Hyperliquid impersonation sites, accounting for about 5% of the 352 entries included in its brand breakdown.
The security group said attackers use hacked or illicitly purchased verified advertiser accounts alongside cloaking and fingerprinting to evade automated checks. Some campaigns place benign looking Google hosted pages in front of malicious content delivered through secondary frames. SEAL advised crypto users to avoid accessing cryptocurrency applications through Google Search and instead use verified bookmarks.
The pattern has already produced other reported losses. As crypto.news previously reported, fake Uniswap advertisements were linked to at least $400,000 in thefts in May. SEAL separately calculated $1.27 million in confirmed and unattributed losses tied to suspected malicious Google advertisements between March 13 and March 30.
In related coverage, a Trezor user reported losing funds after clicking a sponsored phishing result earlier this month. Trezor later warned customers that sponsored search results can imitate its official website and should not automatically be trusted.
No Hyperliquid protocol breach has been identified
Nothing in the available evidence indicates that Hyperliquid’s blockchain or trading protocol itself was breached. The reported attack instead appears to have targeted the user before interaction with the legitimate platform by directing the victim to an impersonating website. This is an inference from the available security reports rather than a Hyperliquid finding.
Hyperliquid’s official support documentation already warns users to check complete website URLs because scammers use similar looking domains. Its support guidance also says unauthorized transactions, missing funds or unknown multisig changes can indicate that a wallet has been compromised.
What happens next
Google has suspended the advertiser identified in the report, while the three recipient addresses remain publicly traceable on-chain. No law enforcement investigation or asset recovery connected to this specific loss had been publicly announced in the sources reviewed as of Aug. 14.
The next verifiable development would be movement from the recipient wallets or identification of an exchange, bridge or other service through which investigators could seek additional information. For now, the approximately $550,000 loss is supported by the reported on-chain transfers, while the claim that a Google advertisement caused the theft remains attributed to FlashRescue’s Darcy.
According to the latest compiled data on current accounts and earn products of major centralized exchanges (CEXs), stablecoin current yields on platforms including HTX, Binance, OKX, and Bitget still follow a structure of "high yields for small amounts, tiered reductions for excess amounts". Among these, yields for small tiers of USDT, USDC, and Binance U products are relatively prominent.
For USDT: HTX offers an annualized yield of 10% for the 0-200 USDT tier, which drops to 1.95% for amounts exceeding 200 USDT; Bitget’s 0-300 USDT tier yields 6.59%, with excess amounts at 1.93%; Binance’s 0-200 USDT tier yields 4.83%, while excess amounts stand at 1.83%; OKX’s USDT yield is 1.94%.
For USDC: HTX’s 0-200 USDC tier has an annualized yield of 8%, and amounts over 200 USDC yield 2.75%; Bitget’s 0-300 USDC tier yields 6.66%, with excess amounts at 1.84%; OKX’s is 2.18%; Binance’s is 2.16%.
For other stablecoins: HTX’s USDT VIP tier offers an annualized yield of 6%-9%, applicable for amounts between 50,000 and 100,000 USDT; Bitget’s USDT VIP 0-300,000 tier yields 2.38%, with excess amounts at 2.06%. USDE’s displayed annualized yields on HTX and Bitget are tiered at 5% and 3% respectively, with excess amounts at 1.00%; HTX’s USDD yields 4.00%; Binance U’s 0-8,000 tier has an annualized yield of 8.57%, falling to 0.57% for excess amounts.
Overall, current high stablecoin yields on major CEXs remain concentrated in small amounts, with yields for large funds generally lower. When comparing related products, users should pay attention not only to the nominal annualized yield, but also to tier limits, interest calculation rules, supported currencies, and the real-time availability of the products. The above data are platform-displayed yields and do not constitute investment advice.
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In an official announcement, Binance stated that in light of recent changes to regulatory requirements, it will phase out processing of transactions involving certain crypto asset service providers or platforms to maintain ongoing compliance with relevant rules and safeguard user assets.
The restrictions took effect for Shelbit and Aban Tether Exchange on August 7; A7 Nigeria, A7 Africa, and PilotFinance Ltd were added to the list with effect from August 13. Effective August 23, additional entities subject to the measures include Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto, Tradex, Monease, BitPapa, Exnode, Exnode Pay, HTX (Huobi Global SA), and EXMO Ltd.
Binance warned that after the respective effective dates, users should avoid transferring assets to, receiving assets from, or conducting any other transactions with the above-mentioned entities directly or indirectly via Binance. Any user attempting such transactions may face additional compliance reviews, during which associated wallets could be restricted, and the activity may violate Binance’s Terms of Use.
Binance noted that these measures are designed to fulfill its regulatory and compliance obligations in the jurisdictions where it operates, as well as maintain a secure trading environment for users and protect their assets.
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The new methodology adopts a two-step screening process. Companies first undergo an operating asset structure test; if they fail, they are evaluated based on five metrics: operating asset ratio, expense intensity, operating cash flow, fair value changes, and capital dependence. Failing the core test and triggering at least four exclusion criteria simultaneously may deem a company ineligible for index inclusion.
For companies already included in indices, MSCI plans to apply relatively lenient thresholds, requiring failure to pass screening for two consecutive annual reporting periods before removal. Strategy’s free-float adjusted market capitalization in the May 2026 simulation stood at $23.9 billion, making it the largest company flagged for potential removal.
MSCI noted that the proposal will not immediately alter index constituents, as it is soliciting feedback from market participants through September 30, with consultation results expected to be released by October 16. JPMorgan analysts previously estimated that Strategy’s exclusion from MSCI indices could trigger roughly $2.8 billion in passive fund outflows.
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MicroStrategy founder Michael Saylor published a post noting that digital assets compete across four distinct markets—they do not form a single market, but a new financial architecture comprehensively challenging the traditional financial system (TradFi). The breakdown: Digital capital (BTC) competes for wealth, with rivals including stocks, real estate, gold, and art. Digital credit (STRC) competes for income, facing bonds and private credit. Digital currency competes for savings, with competitors being money market funds and Treasury bonds. Digital payment currency competes for payments, with rivals including cash and bank deposits.
Saylor elaborated on digital assets’ "currency spectrum" concept in his post yesterday, categorizing them as: Bitcoin = digital capital, STRC = digital credit, SR-strcUSX = digital currency, USDT = digital payment currency. On this spectrum, volatility and return potential decline gradually from left to right, while stability and transaction utility rise gradually. Saylor defines Bitcoin as the ultimate store of value—highly volatile, high-energy, a sound bearer asset; USDT as the ultimate medium of exchange, stable and easy to transact; digital credit and digital currency serve as bridges between capital and currency.
Binance KOL Introduction Program Season 2: Introduce KOLs to Join Binance Affiliate Program and Share Up to 8,000 USDC This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, The Binance KOL Introduction Program returns for Season 2, giving you another opportunity to help grow the Binance Affiliate ecosystem while earning rewards. Know a creator or community leader who would be a great Binance Affiliate? Refer them to join the Binance Affiliate Program during the Promotion Period. Once the referred KOL passes the Affiliate evaluation and achieves Evaluation Tier 1 or above, each qualified introduction can unlock up to 8,000 USDC in total token voucher rewards. The reward is split equally between the referrer and the qualified referred KOL. No referral limit, the more qualified KOLs you introduce, the more you can earn! Promotion Period: 2026-08-14 12:30 (UTC) to 2026-11-14 23:59 (UTC) Eligibility Criteria: The referred KOLs must meet the following requirements to be considered qualified: Not an existing Binance Affiliate;Must not have been a Binance Affiliate previously; Have a social media following or community influence with at least one of the following minimum requirements:.Social media account with 5,000+ followers or subscribers on one or more social media platforms (YouTube, X, Facebook, Instagram, etc.).Community of 3,000+ members on one or more community groups (Telegram, Facebook, WeChat, Reddit, QQ, VK, etc.). How to Participate: Step 1: Share the survey form with the KOL(s) and ensure they complete and submit it during the Promotion Period. Only KOL(s) who have successfully submitted the survey will be considered eligible. Step 2: Ensure the referred KOL(s) pass the Spot and/or Futures evaluation during the Promotion Period. Both Spot and Futures evaluations consist of 3 tiers. The criteria are as follows: Spot Evaluation: Achieve the following Spot and Margin trading volume from all regular to VIP 2 referrals and meet the minimum referral requirements.Tier 1: $200,000 equivalent trading volume and at least 3 new Spot/Margin tradersTier 2: $2,500,000 equivalent trading volume and at least 10 new Spot/Margin traders.Tier 3: $30,000,000 equivalent trading volume and at least 15 new Spot/Margin traders.Futures Evaluation: Achieve the following Futures trading volume from all regular to VIP 2 referrals and meet the minimum referral requirements.Tier 1: $1,000,000 equivalent trading volume and at least 3 new Futures traders.Tier 2: $25,000,000 equivalent trading volume and at least 10 new Futures traders.Tier 3: $500,000,000 equivalent trading volume and at least 15 new Futures traders. For more details on the criteria, please refer to this FAQ. Step 3: Once the referred KOL achieves Spot and/or Futures Affiliate Tier 1 or above by evaluation, the applicable reward will be split equally, 50% for the referrer and 50% for the qualified referred KOL. Reward Structure: When a referred KOL achieves Spot and/or Futures Affiliate Tier 1 or above, the referrer and the qualified KOL will split equally the following token voucher rewards based on the affiliate tier achieved: KOL’s Affiliate Tier Total Reward if the KOLs Become Binance Affiliate Through Spot Evaluation (in Token Voucher)Total Reward if the KOLs Become Binance Affiliate Through Futures Evaluation (in Token Voucher)Total Reward if the Referred KOLs Become Binance Affiliate Through Spot and Futures Evaluation (in Token Voucher)180 USDC100 USDC-2500 USDC1,500 USDC-32,000 USDC4,000 USDCAdditional 2,000 USDC Notes: Rewards are calculated based on the qualified KOLs’ Spot and/or Futures evaluation during the Promotion Period. For example: If the referred KOL achieves Tier 1 (Spot) and Tier 3 (Futures):Total reward: 80 USDC + 4,000 USDC = 4,080 USDC.The referrer and the referred KOL will each receive 2,040 USDC.If the referred KOL achieves Tier 3 (Spot) and Tier 3 (Futures):Total reward: 2,000 USDC + 4,000 USDC + 2,000 USDC bonus = 8,000 USDC.The referrer and the referred KOL will each receive 4,000 USDC. Terms & Conditions: Only users in certain regions are eligible to join this Promotion. These terms and conditions (“Promotion Terms”) govern users’ participation in the promotion above (“Promotion”). By participating in this Promotion, users agree to these Promotion Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Promotion Terms, and any other incorporated terms, the provisions of these Promotion Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification and confirm their participation during the Promotion Period can qualify for rewards in the Promotion. The Promotion, and/or underlying products or features referred to above may not be available in your region (e.g. Greater China). Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Reward Distribution:Eligible users (referrers) must complete account verification (KYC) during the Promotion Period to receive the corresponding rewards. The rewards for each qualified KOL introduction will be split equally between the referrer and the referred KOL, and will be distributed on a first-come, first-served basis, determined by survey submission time by the KOL(s). The total reward pool for this Promotion is 250,000 USDC.All rewards will be distributed in token vouchers by 2026-11-30 after the Promotion ends. Users will be able to log in and redeem their token voucher rewards via Profile > Rewards Hub. The validity period to claim the token voucher is set at 7 days from the day of distribution. Users should redeem the token vouchers before the expiry date. Thereafter, the token vouchers will become invalid. Learn how to redeem a voucher. Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-08-14 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramXFacebookInstagram Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
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.
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Bitwise Chief Investment Officer (CIO): DeFi’s market size and pricing power are both underestimated, and projects like Hyperliquid have far greater potential than imagined.
Bitwise Chief Investment Officer Matt Hougan stated that people evaluating current decentralized finance (DeFi) applications are making two overlapping mistakes: regarding market size, they believe they are targeting the $2 trillion cryptocurrency market, but in reality, they are targeting the $500 trillion asset market; regarding value capture, they think they have maximized fee revenue, but have only scratched the surface. Projects such as Hyperliquid, Uniswap, Aave, Morpho, Aerodrome, Lighter, Pump and others have a larger TAM (total addressable market) and stronger pricing power than commonly perceived.
10 minutes ago
75% of stocks in the S&P 500 tech sector have returned above their 200-day moving average, with historical averages indicating a potential gain of up to 33.4% over the next year.
Last week, 75% of stocks in the S&P 500 Tech sector closed above their 200-day moving average (DMA), marking the first time this threshold has been hit since October 2024, ending a 219-trading-day stretch of prolonged weakness. This is the 9th-longest downturn on record, with the longest such stretch in history lasting 759 trading days, ending after the dot-com bubble burst on April 22, 2003. Historical data shows that after the end of such prolonged downturns, the tech sector posts an average gain of 2.5% in the following month, 7.3% in three months, 15.5% in six months, and a whopping 33.4% in 12 months. Meanwhile, 69% of stocks in the Nasdaq 100 index are now above their 200-day moving average, near the highest level since July 2025. This notable improvement in the breadth indicator signals that the tech stock rally is expanding beyond a handful of heavyweight stocks to the broader sector, as market momentum builds. The tech sector had previously faced multiple headwinds including memory chip sell-offs, deleveraging of leveraged ETFs, and concerns over AI capital expenditures; this technical repair provides positive support for future market performance.
10 minutes ago
Bitcoin falls below $63,000, with a 1.03% drop in the past 24 hours.
According to HTX market data, Bitcoin has dropped below $63,000, with a 24-hour decline of 1.03%.
10 minutes ago
CFTC releases agenda for first meeting of its Innovation Advisory Committee, focusing on regulation of crypto assets, AI, and prediction markets.
U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig has released the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The meeting is scheduled to be held in Washington on Thursday, August 20, and will focus on topics including crypto asset regulation, artificial intelligence, and prediction markets. Selig said: "The United States has long been a global hub for financial innovation. I look forward to meeting with entrepreneurs, thinkers, and builders of the CFTC Innovation Advisory Committee to explore how emerging technologies and financial products can shape our markets in the new financial frontier." The public may submit relevant comments by August 27, and all received submissions will be published publicly. The meeting agenda may be adjusted based on other priorities of the IAC; the full agenda is available on the CFTC’s official website. The CFTC also emphasized that the views and opinions expressed by the advisory committee represent only the committee itself and do not reflect the positions of the CFTC, its staff, or the U.S. government.
10 minutes ago
Databricks closes $5 billion strategic funding round, led by Coatue, with participation from Blackstone, MGX, and T. Rowe Price.
AI data platform Databricks announced it has closed a $5 billion strategic funding round at a $190 billion post-money valuation. The term sheet published on July 16 had set a $188 billion valuation, with the final figure rising due to an expanded funding size and additional share issuance. The round was led by existing shareholder Coatue, with participation from Blackstone, MGX, and T. Rowe Price, while Sixth Street Growth joined as a new investor. The company’s annualized revenue run rate has exceeded $7 billion, growing over 80% year-over-year. Co-founder and CEO Ali Ghodsi stated that, per the industry definition used before 2022, AGI has arrived—with the real bottleneck now shifting to enterprise context, AI token costs, and agent infrastructure. The new capital will be allocated to three core areas: Unity AI Gateway (for cross-model routing and spend control), Lakebase (a serverless Postgres database whose revenue run rate has already topped $100 million), and Genie (which provides AI with access to enterprise context). Ghodsi also revealed that the company’s likelihood of going public before Anthropic or OpenAI is "very low". He had repeatedly denied summer funding rumors earlier, and the final decision to raise capital was based on factors including the cost of expanding its AI business and increasing investment in hiring and mergers and acquisitions.
10 minutes ago
Stock-linked Meme token UTILITY surges sharply, breaking through a $10 million market cap, with its 24-hour trading volume hitting $17.48 million.
According to GMGN data, Binance Wallet’s stock-themed meme token UTILITY rallied sharply today, surging past $10 million in market cap with a 24-hour trading volume of $17.48 million, before pulling back to $7.5 million at press time. As early as January 30, CZ (Binance CEO Changpeng Zhao) posted that GameStop (GME) should issue a utility token on the blockchain, preferably on BSC (Binance Smart Chain). Today, bStocks’ official account reposted CZ’s old tweet and announced that GMEB, the tokenized GameStop stock on bStocks, is now tradable on the platform. BlockBeats notes that UTILITY’s trading pair is UTILITY/GMEB, not the typical BNB or USDT liquidity pair. This falls under the current popular “stock meme” trend on BSC, using bStocks’ US stock token (GMEB) as the liquidity pool, centered on the classic narrative of GameStop’s retail investors vs. Wall Street and meme stocks. BlockBeats reminds users that most meme coins lack real use cases, are highly volatile, and investors should exercise caution.
Morph has launched a non-custodial payments platform that supports USDC and USDT, lets businesses connect their own wallets, and settles customer payments directly on-chain.
Summary
USDC and USDT payments settle directly into wallets controlled by users.
Morph Payments includes invoices, payment links, and a transaction dashboard.
The platform does not require businesses to deposit stablecoins with Morph.
Visa data cited by Morph put adjusted stablecoin volume at $10.2 trillion over 12 months.
Morph Payments leaves funds in users’ wallets
According to an Aug. 12 press release from Morph shared with crypto.news, the service is available to online businesses, freelancers, and distributed organizations that want to accept, send, and monitor stablecoin payments.
Morph Payments works by connecting a self-custodial wallet to the platform rather than requiring a business to transfer its funds into an account controlled by Morph. When a customer completes a payment, the stablecoins move directly to the wallet selected by the recipient.
Morph said the initial release supports USDC and USDT, the two stablecoins named in the announcement. Businesses can create an invoice or payment link that directs customers to a checkout page, while completed transactions appear in a single dashboard.
Under the setup described in the release, Morph provides the payment interface but does not hold the funds sent through it. Businesses retain control of the private wallet receiving the payment, and the stablecoins become available once the blockchain confirms the transaction.
Such a model differs from a custodial processor, which receives money on behalf of a merchant and later releases the balance. Morph said direct settlement can reduce the time businesses wait to access incoming funds, although the announcement did not provide transaction-speed tests or comparisons with specific payment companies.
The release also did not disclose the platform’s fees, transaction limits, supported jurisdictions, identity-verification requirements, wallet compatibility, or smart-contract audit details. Morph said businesses and entrepreneurs could begin registering through its website on Aug. 12.
Invoices and payment links target online businesses
Alongside wallet settlement, the first version lets users send stablecoins and monitor incoming and outgoing payments. The dashboard is designed to put payment records, invoices, and checkout links in one place, according to the company.
For freelancers, a payment request can be created as an invoice or a link and sent directly to a client. Online businesses can use the same process to collect USDC or USDT without giving Morph control over the receiving wallet.
Morph presented the service as an option for cross-border payments and remote work, where bank transfers may pass through several institutions before reaching the recipient. Claims about payments arriving within minutes and providing faster access to working capital came from the company; the press release did not include independent performance data or customer results.
Renna Ba, Morph’s head of ecosystem, said businesses could eventually work with several stablecoins in much the same way that companies now handle different national currencies.
“The challenge isn’t creating more payment options—it’s making that complexity invisible so businesses can focus on growing, not managing payments.”
Although the comment points to support for multiple assets, the initial product is limited to USDC and USDT. Morph did not identify other stablecoins it may add or provide a schedule for expanding the list.
Morph Payments follows earlier network programs
The launch adds a user-facing product to Morph’s existing work on stablecoin infrastructure. In January, the network selected Cobo as its first partner for the Morph Payment Accelerator, a performance-based program tied to verified stablecoin volume on Morph’s mainnet.
Cobo provides custodial wallets, multi-party computation wallets, and wallet infrastructure across more than 80 blockchains. The January announcement said the partnership would focus on institutional stablecoin activity, including cross-border payouts and high-frequency settlement.
Morph Payments takes a different approach at the user-account level because the new service does not take custody of a business’s assets. Customers can still move stablecoins received through the platform to trading services or yield products built on Morph’s network, the company said. Participation in such services would involve separate platforms and risks not detailed in the payments announcement.
The company has not disclosed transaction targets, expected user numbers, or revenue projections for the product. Additional functions are planned over the coming months, but Morph did not specify which tools will be added or when they will become available.
Stablecoin payment tools are reaching more businesses
Morph cited Visa’s on-chain analytics showing $10.2 trillion in adjusted stablecoin transaction volume during the previous 12 months, a 65% increase from the comparable period. Visa’s adjusted measure is designed to filter activity that its methodology identifies as inorganic.
Separate research published by Morph in April estimated that stablecoins handled $33 trillion in total on-chain volume during 2025. As previously covered by crypto.news, the report attributed about 60% of the measured flows to business-to-business activity and projected more than $50 trillion in settlement volume during 2026. The figures are company estimates rather than audited financial results.
Other payment providers have also introduced stablecoin tools for corporate users. In July, Ramp launched stablecoin business accounts on Solana, allowing customers to hold USDC and USDT and send payments to vendors in more than 140 countries. Ramp also said its system could convert payments into more than 40 local currencies.
Ramp’s product combines stablecoin balances with its existing approval and accounting tools, while Morph’s release focuses on direct settlement to a wallet controlled by the business. Morph did not announce local-currency conversion, bank-account funding, or accounting software integrations.
U.S. stablecoin rules remain unfinished
American businesses considering stablecoin payment products operate under a federal framework that is still being implemented. President Donald Trump signed the GENIUS Act into law on July 18, 2025, establishing federal requirements for payment stablecoin issuers, including reserve, redemption, disclosure, and supervision standards.
The law primarily regulates issuers rather than every business that receives stablecoins. Its treatment of distribution remains relevant, however, because U.S. digital asset service providers will face restrictions on offering payment stablecoins from non-permitted issuers beginning in July 2028.
USDC and USDT are issued by Circle and Tether, respectively, rather than by Morph. The launch announcement did not state whether Morph Payments would be available in every U.S. state or identify the licenses and compliance procedures that could apply to American customers.
Federal regulators missed a July deadline for completing several rules required under the GENIUS Act. As of July 19, proposals covering reserves, redemptions, custody, customer identification, anti-money laundering controls, and state supervision had not all been finalized. The statute is scheduled to take effect by Jan. 18, 2027, unless final regulations start an earlier 120-day implementation period.
Pendle has rolled out a new USDC vault on the Morpho lending protocol, designed to funnel stablecoin liquidity directly into its Principal Token markets. The vault, which went live on August 4 and has already accumulated roughly $15.04 million in deposits, represents a deliberate effort to solve one of DeFi’s more persistent headaches: making sure borrowers can actually find the liquidity they need when using exotic collateral types.
For depositors, the pitch is straightforward. Park your USDC, earn a net APY of 14.08%, and collect weekly PENDLE token distributions on top of it. For the broader Pendle ecosystem, the vault acts as a liquidity engine for PT-backed borrowing, a market segment that has historically been constrained by shallow lending pools.
How the vault works The Ecosystem USDC vault was built in collaboration with Armitage, the curation arm of market maker Wintermute. Think of Armitage as the portfolio manager here: it decides where deposited USDC gets routed across Pendle’s various PT collateral markets on Morpho.
Right now, the allocation is almost entirely concentrated. Approximately 99.7% of funds flow into the PT-reUSD/USDC market, with smaller allocations directed toward PT-sUSDS and PT-USDG markets. That concentration isn’t random. It reflects where the borrowing demand actually lives.
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The utilization rate on the PT-reUSD market sits around 72%, which is a healthy number in DeFi lending. For context, utilization rates above 80% typically trigger rate increases to attract more lenders, while rates below 50% suggest tepid demand. At 72%, the market is busy enough to generate meaningful yield without creating the kind of liquidity crunch that makes depositors nervous about withdrawals.
The 14.08% net APY breaks down into two components. There’s a 4.75% base rate generated organically from borrow demand, plus an additional 9.32% sourced from PENDLE token rewards. That second figure is calculated after Morpho’s 5% performance fee, so the gross reward rate is slightly higher. Depositors also receive a weekly distribution of 7,500 PENDLE tokens, spread proportionally across all vault participants.
Why PT liquidity matters To understand why Pendle built this vault, you need to understand what Principal Tokens actually are. Pendle’s protocol separates yield-bearing assets into two pieces: the principal (PT) and the yield (YT). If you hold a stablecoin that earns 5% annually, Pendle lets you sell the future yield to someone else and keep just the discounted principal, or vice versa.
PTs trade at a discount to their underlying asset and converge to full value at maturity, functioning a bit like zero-coupon bonds in traditional finance. Traders use them in what’s called “PT-looping” strategies, where they borrow against PT collateral, buy more PTs at a discount, and repeat. The spread between the borrowing cost and the PT discount is the profit.
With up to $11.8 million in available borrowing capacity, the vault meaningfully expands the runway for these strategies.
The competitive landscape The vault sits at the intersection of two major DeFi trends: the modular lending stack and the tokenized yield market. Morpho, the protocol hosting the vault, has positioned itself as a permissionless lending layer where curators like Armitage can spin up bespoke lending markets without needing governance approval.
The 14.08% APY is competitive for a stablecoin-denominated product, particularly one that doesn’t require depositors to take on directional price risk. Most vanilla USDC lending rates on major platforms hover in the low-to-mid single digits, so the premium here comes almost entirely from the PENDLE token incentives.
That dynamic creates an important distinction for potential depositors. The base yield of 4.75% is sustainable as long as borrowing demand persists. The remaining 9.32% depends on Pendle continuing to allocate PENDLE tokens to the vault.
The concentration of 99.7% of assets in a single market, PT-reUSD/USDC, is worth watching. While it reflects current demand patterns, it also means depositors are effectively exposed to the credit risk and liquidity dynamics of that one market. Armitage’s role as curator suggests the allocation could shift over time as other PT markets mature, but for now, diversification this is not.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Square is launching a new CreatorPad campaign. Verified users can complete simple tasks to unlock 480,000 DUSK and stream for an additional 40,000 USDC reward. Activity Period: 2026-08-13 09:00 (UTC) to 2026-08-26 23:59 (UTC)Token Voucher Rewards Distribution: Before 2026-09-17 Unlock Your DUSK Token Rewards Today! How to Participate: Track A: DUSK Leaderboard Campaign During the Activity Period, click [Join now] on the activity page and complete tasks in the table to be ranked on the leaderboard and grab a share of 480,000 DUSK token vouchers. Type of TaskTask DetailsPost1）Create short posts on Binance Square. Only short posts that fit the following criteria will be eligible:Minimum 100 characters about the project;Use the hashtag #dusk, tag $DUSK token and mention the project’s Square account @Dusk;Content should be relevant to Dusk and original to be eligible.2) Create posts on social media. Only posts that fit the following criteria will be eligible:Minimum 100 characters about the project;Use the hashtag #dusk, tag $DUSK token and mention the project’s social media account @DuskFoundation;Mention that the content is a paid partnership;Content should be relevant to Dusk and original to be eligible.Note: Task 2 is optional, participation is not required for leaderboard eligibility.FollowFollow Dusk’s account on Binance Square and social media via the Activity landing page.TradeTrade a minimum of $10 equivalent in DUSK in a single transaction. Notes: Required hashtag, token ticker & account tag must be included in the first publish of the posts, editing tags or editing posts before T+1 23:59 (UTC) since the first publication with irrelevant content to farm traffic will lead to 0 points.Red Packet/giveaway posts earn 0 points.Modification of previously published posts with high impression, high engagement or irrelevant content to repurpose them as project submissions will result in 0 points in posts.After pushing the post, please return to the campaign page and check the task status. If social media post tasks cannot be verified automatically, please use the [Manual Verification] button to verify social media post tasks. Please complete the tasks above in accordance with the full requirements listed on the campaign page.Eligible users who have met the aforementioned criteria will earn points for each successfully completed task, which will be used to determine their rank on the leaderboard. The valid futures trading volume is counted only when the following conditions are met:A position is closed with non-zero realized PnL; Futures positions opened and closed within seconds with zero realized PnL will not be counted as valid trading volume; and After deducting trading fees, the position value must be equal or larger than $10 USD equivalent value.In the circumstances with point related cases, please raise to Customer Service no later than 48 hours after the CreatorPad campaign ends. Please note that we are unable to change points after this 48-hour period. Track B: Share DUSK in Square Livestream — Earn Up to 40,000 USDC in Token Vouchers Requirement: Stream access on Square: ≥1,000 followers, or apply here if you have relevant livestream experience.Pin the DUSK trading pair or share DUSK trade strategies in every livestream during the Activity Period. Tips & Recommendations: Include "DUSK" in your livestream title to attract viewers.Appear on camera or use your real voice, interact with viewers or co-hosts in real time.Share from genuine trading experience, avoid groundless price speculation.No meaningless idle streams: Long silences, no interaction, AI-generated content, fake traffic, or low-quality recorded streams are prohibited. Repeated violations may result in disqualification.Refer here for more pro tips on how to go live on Square more efficiently. Reward Structure: Track A: DUSK Leaderboard Campaign (480,000 DUSK) Eligible users are ranked based on the leaderboard result to qualify for the 480,000 DUSK reward pool, as per the table below. Eligible WinnersLeaderboard Snapshot Date (the date on which points are calculated based on UTC time)Amount of DUSK RewardsReward Pool AllocationTop 300 creators on the DUSK Global Project Leaderboard2026-08-26240,000 DUSKUser’s reward = (User’s points/Total points of the top 300 creators) * 240,000 DUSKTop 300 eligible Chinese creators* on the DUSK Chinese Project Leaderboard2026-08-26240,000 DUSKUser’s reward = (User’s points/Total points of the top 300 Chinese creators) * 240,000 DUSK Notes: The project leaderboard displays data with a T+2 delay. For example, data of 2026-08-26 will be shown on the leaderboard page after 2026-08-28 09:00 (UTC). The “leaderboard snapshot date” refers to the cutoff date used to generate the leaderboard data. The leaderboard data is calculated up to that date, and the leaderboard is displayed T+2 days after the data cutoff. *Chinese creators refer to users who predominantly (90%) produce content in Mandarin Chinese (Simplified and Traditional) within the last 90 days. Track B: Share DUSK in Square Livestream — Earn Up to 40,000 USDC in Token Vouchers Eligible livestreamers are ranked by eligible DUSK trading volume attributed from viewers during the Activity Period. The more viewer trading volume generated, the higher the reward of streamers, as per the table below. Eligibility Requirements: Complete ≥ 3 DUSK-related livestreams during the Activity Period.Each livestream ≥ 60 minutes.Accumulate ≥ $1,000 in eligible DUSK trading volume from livestream viewers. Eligible Users’ Rankings Based on Eligible DUSK Trading Volume Attributed from Livestream Viewers During the Activity PeriodRewards Per Eligible User (in Token Voucher)Minimum Eligible Trading Volume Attributed from Livestream Viewers to Qualify for Rewards*1st Place3,000 USDC$200,0002nd Place2,500 USDC$150,0003rd Place2,000 USDC$100,0004th Place1,500 USDC$80,0005th Place1,000 USDC$80,0006th - 10th Places500 USDC$50,00011th - 20th PlacesSplit 3,000 USDC equally, capped at 300 USDC per user$30,00021st - 50th PlacesSplit 3,500 USDC equally, capped at 120 USDC per user$15,00051st - 100th PlacesSplit 3,500 USDC equally, capped at 80 USDC per user$8,000101st - 450th Places50 USDC per user$1,000 * Eligible trades include DUSK Spot and Futures trades made in the liveroom, excluding volume from copy trading. Total eligible trade volume is calculated based on the eligible trading volume of Write to Earn — see detailed rules here. Unlock Your DUSK Token Rewards Today! Terms & Conditions: All eligible users are required to complete account verification (KYC).Verified project accounts on Binance Square are not eligible to participate.Illegally bulk registered accounts or sub-accounts are not eligible to participate. Liquidity providers in the Binance Spot Liquidity Provider Program, Binance Futures Liquidity Provider Program, and Binance Brokers are not eligible to participate.Sub-accounts are not eligible to participate in this Activity. Users identified as risk users within 7 days following the Activity end date will be deemed ineligible for rewards. This ineligibility applies regardless of any changes to the user’s risk status after the rewards have been distributed. However, users identified as risk users during rewards distribution may submit an appeal via this form within 14 days from the date of reward distribution. If the appeal is successful, users can contact our customer service team to request a redistribution of rewards.Any point dispute cases with submitted appeals can be settled within 48 hours after the campaign ends. Please note that we are unable to add points back after this 48-hour period.The user’s language preference is determined based on the predominant language used in the content they have created over the past 90 days. Please note that this setting cannot be changed manually.Trade amounts of the project token exceeding $1,000,000 in one day will not be recorded or awarded points.Posts involving Red Packets or giveaways will be deemed ineligible.Participants found engaging in suspicious views, interactions, or suspected use of automated bots will be disqualified from the Activity.Modification of previously published posts with high impression, high engagement or irrelevant content to repurpose them as project submissions will result in 0 point in posts; repeated abuse will lead to disqualification.Restricted countries and regions apply.Posts must align with the project and its talking points. Irrelevant view-farming content will reduce points; repeated abuse leads to disqualification. Each X account can only be linked to one Binance Square account. Virtual assets may lose their value in full or in part and are subject to extreme volatility.Plagiarism or malicious spamming will result in disqualification.Abnormal frequent-click behavior will lead to disqualification.Only data from Binance Square posts will be taken into account for rewards calculation. Binance reserves the right to disqualify trades that are deemed to be wash trades, illegal bulk account registrations, self-dealing, or display signs of market manipulation, etc.Participants are required to keep their campaign-related content published for a minimum of 30 days following the Activity end date. Deleting posts within this period is not permitted.Any posts found to violate Binance’s Community or Content Guidelines will be deemed ineligible for Activity rewards.Only participation via Binance master accounts will be eligible for rewards. All the terms and conditions in Write to Earn apply to the Livestream Trading Challenge.Token rewards will be distributed before 2026-09-17. Users may check their voucher rewards via Profile > Rewards Hub.Binance reserves the right to cancel a user’s eligibility in this Activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.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 terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this Activity and other, including the spotlighting of specific content from time to time.Binance reserves the right to immediately disqualify any participants showing signs of fraudulent, dishonest, or abusive activities, including but not limited to wash trading, bulk account registrations, self-dealing, market manipulation, using the same or related IP addresses or devices, exhibiting fund linkage between accounts, posting low-quality content, relying on a fixed group of readers to trade across one or multiple settlement periods to earn rewards, and any other activities related to unlawful, fraudulent, or harmful purposes. Furthermore, Binance reserves the right to take appropriate measures against any attempted or confirmed fraudulent behavior, whether carried out manually or through technical means, including revoking rewards and participation eligibility.Binance reserves the right to disqualify any participants who, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.Additional promotion terms and conditions can be accessed here.In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.Any content published outside of Square must comply with the applicable policies and guidelines of the relevant social media platform(s). Where required by law, regulation, or platform rules, such content must be clearly and conspicuously disclosed as a paid collaboration (or equivalent disclosure). Square shall not be responsible or liable for any content published outside of Square.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 2026-08-13
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.
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It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He ...
It looks like Machi(@machibigbrother) is really running out of money. He withdrew only 1,540 $USDC from #Binance. He had to sell Bored Ape #5715 for just 8.3 $ETH ($15,570), which he bought for 34.17 $ETH 3 years ago, to keep his $ETH long going. Current position: 2,800 $ETH($5.3M) Liquidation price: $1,863.08
14 minutes ago
AI chip maker Cerebras Systems falls 17.3% in pre-market trading on US stocks.
According to BIT (Bit.com) market data, shares of AI chip maker Cerebras Systems fell 17.3% in pre-market trading on US stocks, as the company's second-quarter revenue missed expectations.
14 minutes ago
Changxin Technology has surpassed Tencent Holdings to become China’s largest listed company by market capitalization.
Changxin Technology closed today with a market capitalization of 3.54 trillion yuan. As of Hong Kong's market close, Tencent Holdings (00700.HK) fell 4.46%, posting a market cap of 4 trillion Hong Kong dollars, equivalent to approximately 3.44 trillion yuan. Changxin Technology has surpassed Tencent to become China's largest listed company by market capitalization.
14 minutes ago
Iran: Will Wear Down the U.S. Through a Protracted War
In an interview broadcast on U.S. public television PBS on August 11 local time, Mohammad Reza Naghdi, advisor to the commander-in-chief of Iran’s Islamic Revolutionary Guard Corps (IRGC), stated that the two main goals of the U.S. war against Iran—overthrowing Iran’s leadership and splitting the country—have “already failed,” adding that “victory is on Iran’s side.” Naghdi pointed out that the U.S. has displayed confusion and uncertainty in this conflict, saying, “The U.S. keeps announcing new goals every few days, turning this into a war without strategy.” He also emphasized that Iran will continue to achieve victories. Over more than five months of confrontation with the U.S., Iran has not only accumulated experience but also found that U.S. military forces are weaker than expected. Iran must achieve deterrence to ensure enemies never dare attack it again, and one way to do this is to “prolong the war” to wear down the U.S., so that anyone considering attacking Iran in the future “will first weigh the cost they will have to pay.” (Source: CCTV International News)
14 minutes ago
South Korea's sovereign wealth fund KIC has made its first investment in Circle, holding a stake valued at $4.1 million in the second quarter.
Korea Investment Corporation (KIC) has made its first investment in Circle, a stablecoin issuer. Data disclosed by the U.S. Securities and Exchange Commission (SEC) shows that as of the second quarter of 2026, KIC held 65,443 shares of Circle, with a holding value of approximately $4.099 million (equivalent to about 5.83 billion South Korean won). Previously, KIC’s holdings of crypto-asset-related companies included Strategy, Coinbase, Block, Robinhood, and Riot Platforms. In Q2 2026, KIC reduced its stakes in Strategy, Coinbase, and Riot Platforms, while increasing positions in Block and Robinhood. The total value of its related U.S. stock holdings rose 27% from $132 million in Q1 to $168 million. Specifically, Strategy’s holding value dropped 32% from $10.61 million to $7.17 million; Coinbase’s fell 30% from $52.99 million to $36.93 million; Block’s surged 58% from $17.25 million to $27.34 million; Robinhood’s jumped 92% from $45.88 million to $87.96 million; and Riot’s rose 70% from $4.95 million to $8.42 million.
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Most large-cap US tech stocks rose in pre-market trading, with SK Hynix down 0.8%.
According to BIT (Bit.com) market data, most large-cap US tech stocks advanced in pre-market trading. SpaceX rose 0.4%, Meta, Amazon, Micron Technology, and Google Class A gained 0.2%, Apple added 0.1%, Tesla and Nvidia remained unchanged, Microsoft dropped 0.4%, and SK Hynix fell 0.8%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to on-chain data, the USDC Treasury minted 250 million new USDC tokens on Solana 10 minutes ago.
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Mitsubishi UFJ Financial Group plans to launch an instant settlement service for Japanese government bonds using blockchain technology.
Japan’s largest banking group Mitsubishi UFJ Financial Group (MUFG) plans to leverage blockchain technology to offer instant settlement services for certain Japanese Government Bond (JGB) transactions. According to reports, MUFG will carry out blockchain-based JGB repurchase transactions using tokenized money market funds and stablecoins, with the goal of shortening the settlement process for traditional securities trades. (Nikkei)
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Goldman Sachs forecasts core PCE at 0.23%, slightly above core CPI and market consensus.
Following the release of CPI data, market focus has shifted to the July core PCE figures set to be published on August 26. Goldman Sachs projects July core PCE to rise 0.23% month-over-month, a slight uptick from core CPI and market consensus. Specifically, portfolio management fees are forecast to climb 8 basis points, reflecting second-quarter stock market gains. The investment bank notes that upcoming methodological adjustments may trigger volatility in PCE readings and drag down the annual core inflation rate. Goldman Sachs expects August core inflation to hold near 0.2%, and anticipates the Federal Reserve will maintain interest rates stable through the end of the year.
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Bank of America announces $250 billion infrastructure investment plan
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Morgan Stanley maintains its overweight rating on SpaceX, with a target price of $600 under a bull market scenario.
Morgan Stanley reaffirmed its overweight rating on SPCX, setting a target price of $300, and a $600 target in a bull case scenario. Analyst Adam Jonas believes the market is underestimating SpaceX’s broader AI platform, including its computing, connectivity, and real-time data capabilities. The upcoming Grok model could help narrow this valuation gap. Jonas views the approaching lock-up expiration as an opportunity rather than a risk, offering a potential entry point for investors.
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SpaceXAI launches Grok 4.6
According to official announcements, SpaceXAI has officially launched Grok 4.6. The official statement notes that Grok 4.6 prioritizes enhancing the capabilities of long-running agents, as well as boosting performance in more complex interactive and visualization tasks. It can sustain work on multi-step complex tasks, including researching topics, analyzing information, collaborating across codebases, or translating ideas into complete applications or work deliverables. Grok 4.6 has achieved leading performance across multiple agent coding and knowledge work benchmarks, with its Artificial Analysis Intelligence Index score matching that of GPT-5.6 Sol.
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Bank of America's hedge fund clients continued heavy purchases of US stocks, with the weekly volume hitting its highest level since 2008.
A week after Bank of America’s hedge fund clients bought U.S. stocks at near-record levels, their investment activity hit its highest point since 2008. Strategists led by Jill Carey Hall at the bank wrote in a research report that in the week ending August 7, clients net-bought U.S. stocks for the sixth consecutive week, injecting $4.1 billion into ETFs and pulling $2.4 billion out of individual stocks. During the same period, both institutional and retail clients net sold, while corporate clients accelerated share buybacks. Clients sold 7 out of 11 sectors, with industrial stocks seeing the largest capital outflow, while the tech sector recorded its second-largest weekly inflow ever. (Bloomberg)
Key Highlights Monthly stablecoin card transactions reached an all-time high of $1.03 billion in July, representing a 16% month-over-month increase and 200% annual growth Users completed more than 10 million separate transactions using stablecoin-powered cards throughout July Jupiter Global’s Visa card backed by USDC played a major role, experiencing a 65% surge in new user registrations during the period Approximately 90% of stablecoin card payments are processed through Visa’s network; USDT represents roughly 62.5% of transaction settlement volume International users accounted for 68% of total stablecoin card spending volume In a landmark development for cryptocurrency adoption, stablecoin-backed payment card spending exceeded the $1 billion threshold for the first time ever in July, totaling precisely $1.03 billion industry-wide. This achievement represents a 16% growth from the previous month’s figures and demonstrates a remarkable 200% expansion compared to the same period last year.
BREAKING: Monthly stablecoin card spending volumes surged another +16% in July, to a record $1.03 billion.
This marks +200% year-over-year volume growth with over 10 million purchases made during July.
The growth has comes amid surging demand for instant settlement and global… pic.twitter.com/EDksW62jAq
— The Kobeissi Letter (@KobeissiLetter) August 11, 2026
During July alone, users completed over 10 million individual transactions using these crypto-linked cards. To put this growth in perspective, just three years earlier, the entire monthly transaction volume for cryptocurrency cards hovered around merely $1 million. The transformation in adoption rates is striking.
Jupiter Global Drives Market Expansion Jupiter Global, a platform built on the Solana blockchain that evolved from the Jupiter decentralized exchange aggregation service, emerged as a significant force behind these record-breaking figures. The company’s Visa debit card, which is backed by USDC reserves, enables users to make purchases using their stablecoin holdings at any merchant that accepts Visa payments, eliminating the need for traditional banking intermediaries.
The payment solution functions at over 150 million retail locations spanning more than 60 countries worldwide. This extensive global footprint positioned it as one of the most prominent products bridging blockchain-based assets with conventional consumer spending.
Upon its debut earlier in 2025, the card offered an attractive 2% cashback incentive, with the potential to earn up to 4% through its referral program. These introductory promotional rates remained active through the end of June before transitioning to regular reward structures.
Despite the conclusion of these promotional incentives, user acquisition continued its upward trajectory. Jupiter Global documented a 65% month-over-month expansion in new cardholder registrations during July. Previous metrics indicated an impressive 660% increase in sign-ups since the product’s initial launch, demonstrating sustained interest and adoption.
Market Data and Trends Visa maintains a commanding position in the stablecoin payment card ecosystem, handling approximately 90% of all transaction processing. Regarding stablecoin preferences, USDT comprises about 62.5% of the total settlement volume, while USDC accounts for a substantial portion of the remaining balance.
Geographic distribution reveals interesting patterns as well. Approximately 68% of the overall transaction volume originated from cardholders located outside the United States. Jupiter has responded to this international user base by implementing region-specific features such as QR code-based payment systems to accommodate diverse market needs.
The $1.03 billion monthly transaction figure suggests the stablecoin card sector is tracking toward an annualized spending rate exceeding $12 billion.
Industry observers and market analysts now project that monthly transaction volumes could climb to $1.5 billion or higher by late 2026.
The July milestone demonstrates a steady yet unmistakable evolution in stablecoin utility. Real-world merchant transactions, as opposed to trading activities or speculative investments, are increasingly becoming a primary use case.
Jupiter’s payment card has emerged as a prominent illustration of this fundamental transition in cryptocurrency usage patterns.
MEXC, a pioneer in 0-fee digital asset trading, listed DAPPOS (DOS) in the Innovation Zone, with the DOS/USDT pair opening at 09:07 (UTC) and the DOS/USDC pair opening at 09:27 (UTC) on August 10, 2026. DOS is also available on MEXC Convert for instant, zero-fee token swaps. To celebrate the listing, MEXC has launched the DAPPOS (DOS) Airdrop+ event, offering $60,000 worth of DOS and 10,000 USDT in rewards.
DAPPOS builds low-barrier AI products that make advanced AI accessible without a steep learning curve. Its flagship product, xBubble, is a low-prompt AI agent that automatically codes, tests, and dispatches task-specific AI solutions, allowing users to focus on outcomes rather than manual operation. DAPPOS has raised more than $20 million from investors including Polychain Capital, YZi Labs, Sequoia China, IDG Capital, and other leading institutions. xBubble has attracted over 10,275 paying OCP clients and generated more than $6.8 million in cumulative revenue. DOS serves as the utility and governance token of the DAPPOS ecosystem, used for accessing premium services, paying transaction fees, staking-based participation, and protocol governance. The total supply is fixed at 1 billion DOS.
The DAPPOS (DOS) Airdrop+ event is now underway, running from August 10, 2026, 09:00 (UTC) to August 24, 2026, 09:00 (UTC), with three ways to participate. New users can deposit DOS to share $54,000 worth of DOS, while all users can trade DOS in a spot challenge to share $6,000 worth of DOS. New users can also join a futures challenge, trading DOS futures to share 10,000 USDT in Futures bonuses. Full event details are available on the MEXC Airdrop+ event page.
This listing reflects MEXC’s ongoing commitment to its “0 Fees” and “Infinite Opportunities” vision, eliminating trading costs and helping users seize opportunities across global markets. In July 2026, MEXC listed 199 new tokens and expanded its zero-fee trading pairs to 995. As a one-stop trading platform, MEXC enables users to trade cryptocurrencies alongside real-world assets, including U.S. stocks, ETFs, commodities, and precious metals, within a single account. Backed by rapid asset listings, an extensive selection of assets, industry-leading liquidity, and competitive trading fees, MEXC has become a preferred platform for a growing number of investors. According to CoinMarketCap, MEXC ranked third among global exchanges by trading volume in July. MEXC will continue to accelerate asset listings and product innovation, empowering users to build diversified portfolios across digital and traditional markets.
About MEXC MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.
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According to official announcements, Coinbase has announced that Coinbase Business is expanding its payment services to offer businesses more flexible payment collection methods and support a wider range of customers, including AI agents. A key highlight of this update is support for AI agent payments. As AI agents increasingly autonomously purchase digital services, make purchases on behalf of users, and even execute independent transactions online, traditional payment infrastructure is struggling to meet the demands of these machine-to-machine transactions. Coinbase Business now supports accepting AI agent payments via the open machine-to-machine payment standard x402, with funds settled instantly to business accounts in USDC; businesses can choose to earn interest on these funds or withdraw them at any time. Additionally, Coinbase Business’s payment suite now fully supports USDT, enabling businesses to collect USDT through payment links, checkout pages, and invoices. Collected USDT is automatically converted to USDC and settled to the business’s Coinbase Business account. Coinbase Business has also rolled out new features including reusable payment links, flexible pricing, a unified product catalog, and buyer information collection tools. Businesses can create a single reusable payment link, set payment limits, pause or deactivate links, and configure minimum or maximum payment amounts—ideal for use cases such as donations, tips, and service-based billing. They can also input product details once in the catalog and reuse this data across different payment methods, while collecting customer information like names, email addresses, and shipping addresses. For businesses new to crypto payments, Coinbase Business offers benefits including lower fees than credit cards, no chargebacks, instant USDC settlements, and the ability to earn interest on idle USDC balances.
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SpaceXAI: The Grok chatbot is already in the testing phase.
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Trend-following funds have taken a record short position in global bonds, with the US CPI report expected to be the key determinant of their profit and loss.
According to Bloomberg, data from UBS Group shows that Commodity Trading Advisors (CTAs), which seek to profit from price movements across various asset classes, tripled their underweight positions in bonds in July from two weeks prior. Since then, these bets have remained stable. If the upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) push Treasury prices higher, the CTAs face the risk of losses. Strategist Nicolas Le Roux noted that a 1-basis-point move in the 10-year Treasury yield ahead of inflation data translates to roughly $300 million in profit or loss for CTAs, with this exposure being the largest UBS has recorded since it began compiling relevant data in 1990.
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Intel is down 1% in pre-market trading after announcing it expanded its stock offering size and priced the offering.
According to BIT (Bit.com) market data, Intel (INTC.O) shares fell 1% in pre-market trading. Earlier, the company announced an increase in the size of its stock offering and completed the relevant pricing.
According to official announcements, KuCoin has obtained ISO 22301:2019 Business Continuity Management System (BCMS) certification, further enhancing its global operational resilience and service continuity capabilities. As an internationally recognized standard for business continuity management, ISO 22301 is designed to help enterprises identify operational risks, improve business continuity mechanisms, and enhance the ability to maintain and recover critical services amid sudden disruptions. This certification, along with ISO/IEC 27001:2022 and SOC 2 Type II, forms the three pillars of KuCoin’s trust framework, covering information security, operational reliability, and business continuity. The three international standards and certifications complement each other, reflecting KuCoin’s long-term commitment to continuously improving its global operations and security systems, ensuring stable operation of critical services, and delivering secure, reliable digital asset services to users worldwide.
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SK Hynix will resume investment in its NAND flash memory production line in Dalian, China, with production capacity expected to increase by 50%.
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Clients can now move USDC more efficiently and manage balances on the Hyperliquid network.
, /PRNewswire/ -- Reap, a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-enabled infrastructure, today announced support for USDC funding via Hyperliquid. Clients can now generate a Hyperliquid wallet address within Reap and send USDC on the Hyperliquid network to fund their cards and payments balances.
In May 2026, Hyperliquid phased out its native stablecoin, with Circle expanding its infrastructure role across the network. USDC is now the dominant collateral asset on Hyperliquid, and stablecoin supply on the platform has nearly doubled year-over-year, reaching a record $7.04 billion in early June 2026, up almost 20% in a single month.
As USDC cements itself as the anchor stablecoin of one of the largest on-chain trading venues, a growing number of businesses already hold or transact in USDC on Hyperliquid as part of their treasury activity. Until now, moving that USDC into a Reap balance meant routing it through an intermediary exchange or wallet. A direct funding rail removes that extra step, letting clients put Hyperliquid-based USDC to work in their cards and payment balances. This launch also expands Reap's own network coverage for stablecoin funding, with Hyperliquid joining Ethereum, Tron, and Polygon as supported networks for on-chain USDC deposits.
For businesses that already keep working capital on Hyperliquid, this adds a direct path to convert on-chain USDC into operating balances, without routing funds through an intermediary exchange or wallet. That can reduce settlement time and operational overhead, improve liquidity management between trading and treasury activity and day-to-day spend, and support smoother reconciliation by keeping funding flows on a single, supported rail. The addition of Hyperliquid gives clients another stablecoin funding rail, reducing friction for businesses that already hold or transact in USDC on Hyperliquid, and makes it easier for clients to fund their cards and payments balances directly.
"With Hyperliquid now supported in Reap, clients now have a more direct bridge between where they already hold USDC on-chain and where they need to deploy it in day-to-day operations. We are excited to build a simpler, faster path for treasury teams to move value from on-chain liquidity into the balances they use to run their businesses." said Harris Leow, Head of Product, Reap.
Reap is also exploring additional ways to expand the utility of Hyperliquid across a broader suite of products and solutions over time, from making it easier for clients to fund and deploy USDC held on Hyperliquid, to unlocking more seamless ways to move value between on-chain liquidity and real-world spend. By deepening this integration, Reap aims to create more flexibility for clients while supporting greater real-world utility for stablecoins on Hyperliquid.
About Reap
Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure. We transform the financial landscape through more efficient money movement by merging traditional finance with digital assets, bridging disparate economies and connecting key financial markets.
Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.
Founded and headquartered in Hong Kong, Reap employs 300 people worldwide.
More information about Reap can be found at reap.global.
Clients can now move USDC more efficiently and manage balances on the Hyperliquid network.
HONG KONG, Aug. 11, 2026 /PRNewswire/ — Reap, a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-enabled infrastructure, today announced support for USDC funding via Hyperliquid. Clients can now generate a Hyperliquid wallet address within Reap and send USDC on the Hyperliquid network to fund their cards and payments balances.
In May 2026, Hyperliquid phased out its native stablecoin, with Circle expanding its infrastructure role across the network. USDC is now the dominant collateral asset on Hyperliquid, and stablecoin supply on the platform has nearly doubled year-over-year, reaching a record $7.04 billion in early June 2026, up almost 20% in a single month.
As USDC cements itself as the anchor stablecoin of one of the largest on-chain trading venues, a growing number of businesses already hold or transact in USDC on Hyperliquid as part of their treasury activity. Until now, moving that USDC into a Reap balance meant routing it through an intermediary exchange or wallet. A direct funding rail removes that extra step, letting clients put Hyperliquid-based USDC to work in their cards and payment balances. This launch also expands Reap’s own network coverage for stablecoin funding, with Hyperliquid joining Ethereum, Tron, and Polygon as supported networks for on-chain USDC deposits.
For businesses that already keep working capital on Hyperliquid, this adds a direct path to convert on-chain USDC into operating balances, without routing funds through an intermediary exchange or wallet. That can reduce settlement time and operational overhead, improve liquidity management between trading and treasury activity and day-to-day spend, and support smoother reconciliation by keeping funding flows on a single, supported rail. The addition of Hyperliquid gives clients another stablecoin funding rail, reducing friction for businesses that already hold or transact in USDC on Hyperliquid, and makes it easier for clients to fund their cards and payments balances directly.
“With Hyperliquid now supported in Reap, clients now have a more direct bridge between where they already hold USDC on-chain and where they need to deploy it in day-to-day operations. We are excited to build a simpler, faster path for treasury teams to move value from on-chain liquidity into the balances they use to run their businesses.” said Harris Leow, Head of Product, Reap.
Reap is also exploring additional ways to expand the utility of Hyperliquid across a broader suite of products and solutions over time, from making it easier for clients to fund and deploy USDC held on Hyperliquid, to unlocking more seamless ways to move value between on-chain liquidity and real-world spend. By deepening this integration, Reap aims to create more flexibility for clients while supporting greater real-world utility for stablecoins on Hyperliquid.
About Reap
Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-native infrastructure. We transform the financial landscape through more efficient money movement by merging traditional finance with digital assets, bridging disparate economies and connecting key financial markets.
Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.
Founded and headquartered in Hong Kong, Reap employs 300 people worldwide.
More information about Reap can be found at reap.global.
Update Aug. 11, 6:30 am UTC: This article has been updated to include additional comments from Decta UK CEO Scott Dawson.
Payments platform Decta will use USDC to settle its own funds internationally, bringing stablecoins into its back-end treasury operations.
Decta said Tuesday that it will use OpenPayd, a financial infrastructure company, to convert company funds into USDC for international settlement, according to an announcement shared with Cointelegraph.
“This is a proprietary treasury use case rather than a customer-facing payments flow,” Lux Thiagarajah, chief commercial officer at OpenPayd, told Cointelegraph.
“Decta transfers its own funds into OpenPayd’s regulated infrastructure, where they are converted into USDC via OpenPayd’s over-the-counter capabilities to support international operational settlements,” he added.
The integration shows how stablecoins are moving into traditional payments infrastructure as a tool for internal treasury and liquidity management, without making stablecoins part of its customer-facing payment services.
Stablecoins move into payments firms’ treasury operationsDecta UK CEO Scott Dawson said the company routinely moves its own funds between banking relationships to fund operations and settle internal obligations across its regulated entities and markets. Traditionally, he said, those transfers run through banking rails that are subject to cut-off times, weekends and multi-day value dates.
“Through OpenPayd’s regulated infrastructure, Decta converts its own fiat into a digital settlement instrument, moves it across markets near-instantly,“ Dawson said.
Founded in 2015 in London, Decta is a payments platform that provides payment processing, acquiring, card issuing, banking and other financial infrastructure to businesses. The company operates across 32 countries and serves hundreds of companies, according to its announcement.
Decta has also explored stablecoin issuance in the past. In August 2024, Decta Limited and France-based Next Generation said they were exploring a potential euro-pegged stablecoin that Decta could issue under the European Union’s Markets in Crypto-Assets Regulation (MiCA), subject to regulatory approval.
OpenPayd, founded in London in 2018, provides financial infrastructure connecting fiat and digital assets. The company secured authorization under MiCA in June, allowing it to provide crypto services across the European Economic Area, including fiat-to-stablecoin on- and off-ramps. It counts Kraken, eToro, OKX and B2C2 among its clients.
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Payments platform Decta has integrated USDC into its internal treasury operations to settle company funds internationally through OpenPayd, without adding stablecoins to its customer-facing payment services.
Summary
Decta will use USDC to settle its own funds internationally through OpenPayd’s infrastructure. OpenPayd will convert Decta’s company funds into USDC through its OTC services for operational settlements. The integration is limited to Decta’s treasury operations and will not introduce stablecoins into customer-facing payment flows. Decta previously explored issuing a euro-pegged stablecoin under MiCA with France-based Next Generation. Decta said Tuesday that company funds will be transferred into OpenPayd’s regulated infrastructure, where they can be converted into Circle’s USDC through the financial infrastructure provider’s over-the-counter services before being used for international operational settlements.
The arrangement is limited to Decta’s own money rather than funds handled for merchants or other clients, keeping the stablecoin component behind the company’s existing payments business.
Lux Thiagarajah, chief commercial officer at OpenPayd, told crypto media that the integration represents a proprietary treasury use case and does not introduce USDC into Decta’s customer payment flows.
Using this setup, Decta can move its own funds between international entities, convert fiat into USDC when required and use the stablecoin for settlement through OpenPayd’s infrastructure. The company said the arrangement will support liquidity management while simplifying transfers across its operations.
Decta uses USDC for internal treasury settlements Decta CEO Scott Dawson said the company is using technology to make its financial operations faster, simpler and more resilient while retaining its existing controls and regulatory requirements.
Rather than allowing customers to pay merchants in stablecoins, Decta is using USDC as an operational settlement asset between parts of its business. Thiagarajah said OpenPayd handles the conversion through its OTC capabilities after Decta transfers its funds into the provider’s regulated infrastructure.
The distinction separates the arrangement from consumer-facing stablecoin payment products because Decta’s clients do not directly interact with USDC as part of the transaction process.
Decta, founded in London in 2015, provides payment processing, acquiring, card issuance, banking infrastructure and related services to businesses. According to the company’s announcement, it operates across 32 countries and serves hundreds of companies.
Its website describes the group as an end-to-end payments infrastructure provider covering acquiring, issuing and processing, with services including payment acquiring, BIN sponsorship, white-label card issuing, issuer and acquirer processing and digital banking infrastructure.
The USDC arrangement adds a blockchain-based settlement rail to Decta’s internal financial operations without requiring the company to change the payment products offered to its customers.
OpenPayd brings regulated USDC conversion into the process OpenPayd’s role in the arrangement follows the company’s expansion of its regulated digital asset services in Europe.
In June 2026, OpenPayd received MiCA authorization, which allows the London-founded financial infrastructure provider to offer regulated crypto services across the European Economic Area under a single authorization.
The approval covers fiat-to-stablecoin conversions, custody, wallet infrastructure and stablecoin transfers across supported blockchain networks, according to OpenPayd. The company secured the authorization shortly before the European Union’s MiCA transition period ended on July 1.
OpenPayd was founded in London in 2018 and connects traditional fiat payment infrastructure with digital assets. Its client base includes Kraken, eToro, OKX and institutional crypto liquidity provider B2C2, according to the Decta announcement.
Its USDC infrastructure was developed before the MiCA approval. Back in 2025, OpenPayd partnered with Circle to allow clients to convert between fiat currencies and USDC while managing both forms of money through the company’s financial infrastructure.
At the time, the companies said the integration was designed for uses including payments, treasury management and digital asset services. OpenPayd said it processed more than €130 billion annually when the partnership was announced.
The company has since built stablecoin functions that allow businesses to receive, hold, convert and send digital dollars alongside fiat balances. OpenPayd said in February that its infrastructure could also be embedded into existing treasury and payment workflows while supporting cross-border settlement.
Stablecoins are entering corporate treasury workflows Decta is not the only company testing stablecoins primarily as a treasury tool rather than as a consumer payment method.
In July, Hyundai Motor’s U.S. and Mexican operations completed a $20,000 cross-border treasury transfer using USDT on Avalanche, with the transaction settling in about seven minutes, as previously covered by crypto.news.
Tether said Hyundai Motor America converted dollars into USDT and transferred the tokens to Hyundai Motor Mexico, where the stablecoin was converted back into dollars. Hyundai Card designed the remittance structure while Axiym supplied settlement infrastructure, and the companies kept their existing compliance, accounting and treasury controls in place during the test.
The Hyundai pilot also followed a separate integration between Circle and treasury software provider Kyriba. According to the companies, Kyriba’s corporate clients can manage USDC balances alongside cash positions and use the stablecoin for eligible cross-border and intercompany transactions while retaining existing treasury approval procedures.
Business use of stablecoins has also extended into liquidity management. Bitso Business said in July that stablecoin transaction volume on its platform had increased 81% year over year during the first half of 2026, attributing the increase to demand for real-time settlement, treasury management and cross-border liquidity services. More than 60% of its newly onboarded business clients during the period were financial institutions, including banks and licensed payment providers, the company said.
Decta’s implementation differs from some of those pilots because the company is integrating USDC into an active internal treasury process through an external regulated infrastructure provider rather than announcing a customer stablecoin product.
Decta has previously explored a MiCA stablecoin The treasury integration follows Decta’s earlier work involving regulated stablecoins in Europe.
In August 2024, Decta Limited and France-based Next Generation said they were exploring the issuance of a euro-pegged stablecoin under the European Union’s Markets in Crypto-Assets Regulation, subject to receiving the necessary regulatory approval.
MiCA introduced specific requirements for stablecoin issuers and crypto service providers across the European Union, while authorization in one member state can allow eligible firms to passport their services across the bloc. The regulatory transition for crypto-asset service providers ended on July 1, 2026.
USDC has remained available within the regulated European market because Circle obtained the required authorization for the stablecoin, while several platforms restricted non-compliant assets as the MiCA transition ended.
For its latest implementation, however, Decta is not issuing a stablecoin or offering one to customers. Its funds are instead sent to OpenPayd, converted into USDC through OpenPayd’s OTC infrastructure and used for Decta’s own international operational settlements before the company continues managing its customer payment services separately.
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