Track market-moving stories before they get noisy

On-chain data for Kaspa ($KAS) is flashing an unusual signal: the gap between large private holders and exchange wallets has collapsed to levels not seen in at least a year, raising fresh questions about where big money is moving and why.

Supply Gap Narrows Sharply Wallets holding 10 million or more KAS have seen their combined balance fall to roughly 6.34 billion tokens, according to analysis flagged by @BSCNews. At the same time, exchange wallet balances have climbed to approximately 6.06 billion KAS, leaving a gap of only around 280 million units between the two cohorts. That is a dramatic compression from the roughly 4 billion unit difference recorded just one year ago.

The trend points to one of two dynamics, or a combination of both: large holders are moving tokens onto exchanges, potentially signalling an intent to sell, or exchange-held balances are being attributed to wallets that were previously counted in the large-holder tier. Either way, the structural shift is notable.

That context matters when interpreting what a shift in balances actually means for selling pressure.

What Whale Compression Can Signal However, the current data tells a more ambiguous story. The compression here is not obviously the result of broad redistribution to retail. Instead, it reflects large balances converging toward exchange wallets, which historically precedes increased selling activity.

The Kaspa community and analysts will be watching whether the narrowing gap translates into sustained exchange outflows or a broader distribution to smaller holders in the weeks ahead.

Kaspa operates as a proof-of-work, BlockDAG-based network.

Sources:
Who Really Owns Kaspa? On-Chain Data Reveals the Truth About Wallet Concentration (MEXC)
Kaspa Supply Distribution Table (Kaspalytics)
Kaspa Block Explorer (explorer.kaspa.org)

@Polymarket has officially launched Polymarket Perps, a perpetual futures platform that lets users trade with up to 20x leverage across crypto assets, global equities, and commodities through a single unified interface.

From Prediction Market to Derivatives Hub The rollout effectively transitions @Polymarket from a niche prediction market into a comprehensive decentralized derivatives venue.

Assets and Market CoveragePopular crypto assets integrated at launch include $BTC, $ETH, $ADA, $SUI, and $BNB, alongside exposure to broader financial markets.

The timing of the full rollout is notable. and Expanding into perpetuals puts @Polymarket squarely in competition with established crypto derivatives platforms, as well as rival prediction market operator Kalshi, which has signalled a similar product push.

Sources:
Crypto Briefing: Polymarket rolls out perps trading with up to 20x leverage
Yahoo Finance: Polymarket Unveils Perpetual Futures In Time To Beat Kalshi's Crypto Launch
CNBC: Polymarket launches trading of heavily leveraged perps contracts

Sui price climbed 8% to about $0.768 on Thursday, ranking among the market’s strongest performers during the latest 24 hours. The rise was even higher than the overall cryptocurrency market rise of 2.18% that day. The rally seemed to be supported by higher trading volume, a technical breakout, derivatives activity, Jupiter integration, and increasing network use.

Sui Price Breaks Key Resistance as Trading Volume Jumps Sui price broke through the resistance of $0.764 after recurrently supporting at the level of $0.70, reinforcing its short-term framework. The Sui price was exchanged in the range of $0.714-$0.779, and market value increased to over $3.14 billion. 

The move has put SUI at a level that had limited previous recovery efforts. Trading volume increased 55% to $572 million with greater involvement behind the move. A solid close above the previous barrier might save momentum until $0.78 and the psychological level of $0.80 as per the full Sui forecast report. 

Sui price Nonetheless, the inability to sustain at $0.764 may subject the breakout to profit-taking and another test at around $0.70. The performance on Thursday thus showed a broader market recovery and SUI-specific demand.

Derivatives Activity and Crypto Market Recovery Support SUI Rally Positioning grew on futures markets as the rally continued to build. CoinGlass data estimated SUI futures volume to be around $885 million, or 38.48. 

The open interest increased by 6.45% to $628 million, indicating that traders gained exposure compared to closing contracts. The total liquidations amounted to $1.33 million in leveraged positions in this period. 

Source: Coinglass data The bigger picture was getting better, as Bitcoin and Ethereum regained their positions at above $78,000 and $2,400 levels respectively. XRP price rose and the players were monitoring resistance at 1.40. Attention now turns to the September 15 CLARITY Act vote and September 15–16 Federal Reserve meeting. The two events have the potential to impact risk appetite and short-term volatility among the altcoins.

Jupiter Integration Strengthens Sui’s DeFi Ecosystem The integration of Universal Deposit by Jupiter brought Sui as one of the four supported network of sources at its launch.

Ethereum, Base, and Arbitrum are also included in the first group. Sui supported assets can be sent to users and USDC received on Solana in a single process. Jupiter handles routing, bridging and swapping, eliminating some technical procedures to users. 

The rollout links Sui with Solana liquidity and can enhance the cross-ecosystem asset mobility. It also supplements the expanding DeFi infrastructure of Sui, which is liquid on DeepBook. 

Hashi is expanding access to Bitcoin, and gasless stablecoin payments and transfers can reduce friction in payments and applications. These services may help maintain activity, but long-term demand will be based on usage not announcements.

The recent data showed 161,695 active addresses and 17.9 million transactions a day. Total value locked was almost 710 million native, which shows a developed DeFi foundation.

Additional expansion, solid backing, and more robust volume might maintain a positive perspective of SUI. A reversal at the level of breakout support would undermine that argument and put that level of $0.70 back on the radar.

Amid a pivotal reshaping of the global financial architecture and the deep convergence of frontier technologies, decentralized autonomous organization HTX DAO today officially announced the launch of the Genesis Program, backed by an initial $10 million HTX DAO Ecosystem Fund.

Driven by the real-world needs of developers and builders across its global community, the initiative goes beyond individual products and token-focused metrics. By leveraging cryptography and decentralized networks, it seeks to establish a full-scale business footprint across crypto and AI and build an open, transparent, and permissionless global ecosystem of financial freedom.

Beyond Asset Trading: Advancing a New Global Era of “Financial Freedom”HTX DAO’s mission has never been confined to the market performance of governance tokens, nor does it seek to build a closed ecosystem around an exchange. Its fundamental objective is to drive a freer, more open global financial order unshackled by centralized monopolies.

The foundational value of crypto extends far beyond asset pricing and speculative trading. Cryptography, blockchain, and decentralized networks are systematically restructuring asset classes, global settlement protocols, and human collaboration paradigms. HTX DAO is committed to deeply participating in this infrastructure reconstruction, empowering global users to claim inviolable asset sovereignty and enjoy the seamless, borderless flow of value.

Crypto Meets AI: Catalyzing New Productivity and Collaboration ModelsGlobal technology is currently approaching a critical inflection point. AI has unleashed an exponential leap in productivity, while crypto provides an open network environment, an asset ownership framework, and a trustless collaboration mechanism.

As AI agents transition from assisted generation to autonomous execution, decentralized networks will emerge as foundational infrastructure for settlement and attribution, spanning on-chain micro-payments between machines, Decentralized Identifier (DID) authentication, cross-sovereign settlement, and data asset ownership confirmation. The deep symbiosis of crypto and AI will inevitably catalyze a new generation of business models, underlying protocols, and decentralized organizational forms. Driving the engineering implementation and commercial closure of Crypto-AI stands as HTX DAO’s core strategic priority for the present and the long term.

A Multi-Million-Dollar Fund for Comprehensive EmpowermentRather than acting as a top-down, unidirectional design, the Genesis Program originated directly from the genuine technical demands and operational pain points of creators, developers, and builders within the ecosystem.

To coalesce fragmented innovative forces into a long-term, evolving collaborative network, HTX DAO has established an initial $10 million ecosystem development fund. Eschewing traditional, indiscriminate grant models, the Genesis Program relies on a rigorous, verifiable milestone-delivery mechanism to provide selected teams with a three-dimensional support system encompassing development capital, foundational technical support, full-chain liquidity injection, real-world business scenarios, and global market expansion.

A Clear Value Loop: From Milestone Releases to Ecosystem Reinvestment

The $10 million fund is by no means an unconditional, unidirectional subsidy. Rather, it is built upon a framework of rigorous engineering management: fund allocation tied strictly to verifiable milestone delivery; the injection of deep ecosystem resources including liquidity, technology, and market access; translating project deployments into self-sustaining commercial business models; and ultimately, establishing a long-term positive feedback loop that channels project growth back into the broader HTX ecosystem.  This mechanism maximizes capital efficiency while ensuring that every resource injection genuinely translates into sustainable on-chain productivity.

Industrial Depth: Seamless Integration into Leading Industry NetworksTeams accepted into the Genesis Program gain far more than isolated financial backing. Rather, they gain an industry-grade collaborative network with high entry barriers.

Project teams will directly access HTX’s expansive global user base and regulatory-compliant gateways, seamlessly tap into the TRON network’s daily hundreds-of-billions-dollar on-chain liquidity base, and coordinate with top-tier global investment institutions, academic think tanks, developer alliances, and industrial strategic partners. This deep industrial synergy empowers early-stage innovations to rapidly bypass the cold-start phase and achieve robust, scaled commercial deployment.

By fostering real-world business scenarios such as on-chain payments, AI services, DeFi, RWA, and AI agents, the Genesis Program will continuously expand HTX’s practical application boundaries across the external ecosystems. It will drive a long-term, bidirectional positive cycle between project growth and HTX’s ecosystem value, evolving HTX from a mere exchange infrastructure into a core value node of the global free finance and decentralized collaborative network.

Genesis Core Matrix: A Full-Lifecycle Empowerment Architecture of Discover, Support, and ConnectTranscending the boundaries of traditional unidirectional grants, the Genesis Program focuses on building a sustainably iterating global builder collaborative network anchored by three pillars across project lifecycle:

●     Discover: Leveraging global hackathons, open-source technical communities, and university research networks to proactively identify early-stage teams in the prototype verification stage that are focused on breaking through foundational technical bottlenecks.

●     Support: Establishing a verifiable milestone mechanism based on deliverables, backed by the $10 million ecosystem fund. Beyond initial capital, it delivers comprehensive access to full-chain liquidity, foundational tech architecture consulting, global community cold-start assistance, and multi-regional market resources.

●     Connect: Acting as a connector for decentralized innovations under the philosophy of a free financial port to facilitate efficient closed loops among capital, tech developers, AI agents, and end users.

The ultimate destination of the Genesis Program is not a one-way invitation to “join us,” but an invitation for global builders to integrate into an open, co-built collaborative network where everyone shares in the ecosystem dividends.

Embark Now: Entering an Open Global Builder Network For More Than Just a Grant

The next decade of the crypto industry will not be defined by any single entity. It belongs to every technical pioneer solving real-world problems through code.

The HTX DAO Genesis Program and its $10 million ecosystem development fund are now officially open for global applications:

● Official Application Portal: https://www.htxdao.com/en-us/genesis

HTX DAO looks forward to collaborating with global technical builders to advance foundational innovation, jointly constructing a more resilient, transparent, and globally liquid next-generation financial technology ecosystem.

About HTX DAOHTX DAO is a decentralized autonomous organization (DAO) collaboratively built by community members, early contributors, and global advisors. Supported by HTX Exchange and the TRON blockchain ecosystem, HTX DAO is committed to establishing an open governance ecosystem led by users, governed by transparent rules, and driven by efficient collaboration, serving as a key engine in advancing decentralized finance (DeFi).

HTX DAO embodies the principle of “token holders govern”, aiming to inspire global consensus and participation, align community interests with platform value, and explore a new order in the world of crypto finance.

Contact Information

Website: www.htxdao.com

Email Address: [email protected]

BitGo has partnered with Core Chain to introduce a tokenization framework for real-world assets, including physical gold, real estate, and fine art.

The move puts another institutional custody name into the fast-growing RWA market, where crypto infrastructure is being used to represent traditional assets on-chain. BitGo’s role is important because tokenization does not work on technology alone. The legal and custody layer matters just as much as the chain where the asset is issued.

That is especially true when the assets involved are physical.

Gold, property, and fine art are not like native crypto tokens. They require custody, documentation, valuation, legal rights, and rules around who can access or trade the tokenized version. BitGo’s involvement gives the Core Chain launch a stronger institutional angle than a simple token launch.

For more details, visit the official Blog platform.

TL;DR BitGo and Core Chain are launching a real-world asset tokenization framework. The assets named include physical gold, real estate, and fine art. The story is about custody-backed tokenization, not free global trading of physical assets. Why Tokenization Needs Custody Tokenizing a real-world asset sounds simple in theory.

Take an asset, create a token that represents it, and move that token on-chain. In practice, it is much harder. Someone has to hold or verify the asset. Someone has to define what token ownership means. Someone has to handle redemption, transfer rules, compliance, and disputes.

That is why custody sits at the center of serious RWA projects.

If the underlying asset is not properly held, protected, or documented, the token can become little more than a digital claim with weak backing. For physical gold, real estate, and fine art, that backing is the whole product.

BitGo’s participation points to that custody-first approach.

Core Chain Gets An Institutional RWA Push For Core Chain, the partnership adds another institutional use case beyond ordinary crypto trading.

RWA tokenization has become one of the more durable narratives in digital assets because it connects blockchain rails to assets investors already understand. Treasuries, credit, funds, commodities, property, and equities have all become part of that conversation.

Core Chain now wants a place in that market.

The partnership gives it a way to present itself as infrastructure for tokenized assets rather than only another blockchain competing for DeFi deposits and token speculation.

Physical Assets Are Different The asset mix is notable.

Tokenized gold is easier for many investors to understand because gold already trades through financial wrappers, vaulting arrangements, and custody systems. Real estate is more complex because ownership rights, local law, liquidity, and transfer restrictions can vary sharply. Fine art adds another challenge because valuation, authenticity, storage, and market access are all specialized.

That means the framework will need strong guardrails.

A tokenized version of a physical asset does not automatically give a holder the same rights as holding the asset directly. It depends on the structure.

That is the part investors need to read carefully.

RWA Demand Keeps Building The broader market backdrop is supportive.

Institutions are increasingly looking at tokenization as a way to improve settlement, collateral management, transparency, and distribution. Crypto-native users are looking for assets beyond volatile tokens. Networks are looking for real use cases that can survive outside speculative cycles.

RWA sits at that intersection.

It is not always exciting in the short term. But if it works, it can make blockchain infrastructure useful to traditional finance in a way that pure token speculation cannot.

The Balanced View BitGo and Core Chain’s RWA partnership is another sign that tokenization is moving into more serious territory.

The opportunity is clear: put traditional assets on programmable rails with institutional custody behind them. The risk is also clear: the legal and operational structure has to be strong enough for the token to mean something.

For now, the story is not that every gold bar, building, or artwork is suddenly liquid on-chain.

It is that institutional custody providers and blockchain networks are still building the rails that could make those markets more accessible over time.

This article draws on Core Chain’s announcement relating to its RWA partnership with BitGo.

This article was written by the News Desk and edited by Samuel Rae.

Microsoft AI just dropped its transcription price to a level that makes the technology almost too cheap to bother budgeting for. MAI-Transcribe-2, released Thursday, costs 10 cents per hour of audio, a 72% reduction from the $0.36 per hour the company charged when it shipped its first model in this line five months ago.

For an enterprise processing 100,000 hours of call-center audio annually, a modest volume for a large bank or telecom, the annual bill falls from $36,000 to $10,000.

A pricing war Microsoft wants to win MAI-Transcribe-1 launched on April 2, 2026, priced at $0.36 per hour and boasting roughly 50% lower GPU costs than leading alternatives. MAI-Transcribe-1.5 followed on June 2, 2026, with expanded language support jumping from 25 to 43 languages and a word error rate of approximately 2.4% on the Artificial Analysis leaderboard.

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Now MAI-Transcribe-2 arrives with a price point that Microsoft says undercuts anything OpenAI, Google, or ElevenLabs currently sells.

Speed is the other headline number. MAI-Transcribe-1.5 could already transcribe an hour of audio in under 15 seconds, a pace roughly five times faster than some competing models from OpenAI and Google. Microsoft claims the new model is faster still, though the company positions it as an improvement across accuracy, speed, and cost simultaneously.

The Suleyman strategy takes shape MAI-Transcribe-2 is the latest product from the Microsoft AI division led by CEO Mustafa Suleyman. The broader play is becoming clearer with each release: Microsoft wants to own the full multimodal stack, combining transcription with voice synthesis and integrating both into the products enterprises already pay for.

The MAI models are wired into Microsoft Foundry and embedded across Copilot, Teams, GitHub, and Dynamics 365 Contact Centre. The enterprise applications are call-center transcription, meeting notes, video captioning, and accessibility tools.

For context, MAI-Transcribe-1.5 was listed at $6 per 1,000 minutes through Microsoft Foundry. The new 10-cent-per-hour pricing works out to roughly $1.67 per 1,000 minutes.

What this means for the competitive landscape OpenAI’s Whisper model has been a popular choice for transcription, and Google’s speech-to-text APIs serve a wide swath of enterprise customers. ElevenLabs has carved out a niche with high-quality voice AI. All three now face a competitor willing to sell a comparable or superior product at a fraction of the price, backed by the distribution muscle of Microsoft’s enterprise relationships.

The pricing pressure creates an awkward dynamic for OpenAI in particular. Microsoft remains OpenAI’s largest investor and cloud partner, yet the MAI division is building models that directly compete with OpenAI’s products.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Ethereum fiyatı 2.400 dolar civarında seyrederken Arthur Hayes, 2026 sonu için oldukça iddialı bir tahmin paylaştı. BitMEX’in kurucu ortağı ve Maelstrom CIO’su Hayes, Ethereum’un yıl sonuna kadar 10 bin dolara ulaşabileceğini öngörüyor. Hayes’in yükseliş senaryosunda Ethena (ENA) için 0,50 dolar, Ether.fi (ETHFI) için ise 2 dolar hedefi bulunuyor.

Hayes’in 2 Eylül’de yayımladığı “Atención” başlıklı yazıda Maelstrom’un kısa vadeli 2026 sonu tercihleri değişmedi. Hayes, Bitcoin’deki yapısal uzun pozisyonun portföyün temelini oluşturduğunu, daha spekülatif tarafta ise Ethereum, Ethena ve Ether.fi’yi öne çıkardığını belirtti.

Ethereum İçin 10 Bin Dolar Senaryosu Nereden Geliyor? Hayes’in Ethereum tahmini doğrudan fiyat grafiğine değil, küresel likidite beklentisine dayanıyor. Ünlü yatırımcı, EUR/JPY paritesinin yaklaşık 185 seviyesinden 140 veya daha aşağıya gerilemesini bekliyor. Bu hareketin 2027 ortasına kadar gerçekleşmesi halinde finansal sistemde önemli bir likidite etkisi oluşabileceğini savunuyor.

Hayes’in tezinde ABD Hazine politikası ve Japonya Merkez Bankası da önemli rol oynuyor. Hayes, ABD Hazine Bakanı Scott Bessent’in euro satıp yen almasını ve Japonya Merkez Bankası’nın faiz artırmasını bekliyor. Böyle bir süreç, onun değerlendirmesine göre dolar likiditesinde ciddi bir artış yaratabilir.

Bu beklentinin arkasındaki gelişmelerden biri de ABD Hazinesi’nin 12,5 milyar dolarlık borç geri alımı. Söz konusu işlem, Hazinenin yaklaşık 1 trilyon dolarlık nakit tamponunu kullanarak tahvil geri alımlarını artırma planıyla ilişkilendiriliyor. EUR/JPY de bu gelişmelerin ardından 182,45 seviyesine kadar geriledi.

Hayes’in senaryosunda Fed bilançosunun genişlemesi ve Hazine’nin tahvil alımlarıyla birlikte piyasaya daha fazla likidite girmesi, riskli varlıkların değer kazanmasını destekleyebilir. Ethereum için 10 bin dolarlık hedefin temel dayanağı da bu makroekonomik varsayım.

ENA ve ETHFI İçin de 3 Kata Yakın Yükseliş Hedefi Hayes’in yükseliş beklentisi Ethereum’la sınırlı değil. Maelstrom’un 2026 sonu için daha spekülatif hedefleri arasında Ethena (ENA) için 0,50 dolar ve Ether.fi (ETHFI) için 2 dolar bulunuyor.

Kaynakta ENA yaklaşık 0,153 dolar seviyesinde bulunuyor ve token son bir ayda yaklaşık %70 yükselmiş durumda. ETHFI ise yaklaşık 0,57 dolardan işlem görüyor. Token, son 24 saatte %4,5 gerilerken son üç ayda yaklaşık %90 değer kazandı.

Mevcut seviyeler üzerinden bakıldığında 0,50 dolarlık ENA hedefi yaklaşık %227, 2 dolarlık ETHFI hedefi ise yaklaşık %251 yükseliş gerektiriyor. Hayes’in sözünü ettiği güçlü rallinin gerçekleşmesi halinde her iki token da mevcut fiyatlarına kıyasla yaklaşık üç katına çıkmış olacak.

Hayes’in ENA ve ETHFI’ye ilgisi de yeni değil. Daha önceki değerlendirmelerinde Ethena ve Ether.fi’yi öne çıkaran Hayes, özellikle stablecoin ve DeFi piyasasındaki büyümenin bu projeler için önemli bir fırsat yaratabileceğini savunmuştu.

Ethereum Fiyatında 2.500 Dolar Seviyesi İzleniyor Ethereum tarafında ise 10 bin dolarlık hedef henüz oldukça uzak. Kaynakta ETH’nin 24 saat içinde 2.357 dolara kadar geriledikten sonra 2.415 dolar civarında toparlandığı ve işlem hacminin de hafif düştüğü belirtiliyor.

Kısa vadeli piyasa beklentileri de Hayes’in uzun vadeli senaryosundan daha temkinli. Polymarket verilerine göre yatırımcılar Ethereum’un eylül ayında 2.000 dolara dokunma ihtimalini yaklaşık %25 olarak fiyatlıyor. Buna karşılık ETH’nin aynı ay içinde 2.500 dolara ulaşma ihtimali %71 seviyesinde bulunuyor.

Bu tablo, piyasadaki kısa vadeli beklentinin önce 2.500 dolar seviyesine odaklandığını gösteriyor. Hayes’in 10 bin dolarlık hedefi ise mevcut fiyat hareketinden bağımsız bir sıçrama değil, likidite koşullarının önemli ölçüde değişeceği daha geniş bir makro senaryoya dayanıyor.

Ethena Pay ve Piyasadaki Diğer Katalizörler Ethena tarafında projeye ilişkin önemli gelişmelerden biri Ethena Pay’in piyasaya sürülmesi oldu. Avalanche üzerinde geliştirilen ürün, USDe’nin 48 ülkede saklanması, harcanması, transfer edilmesi ve getiri elde etmek amacıyla kullanılmasını hedefleyen bir kripto ödeme ve finans uygulaması olarak konumlanıyor.

Makro tarafta ise ABD Başkanı Donald Trump’ın İran savaşıyla ilgili açıklamaları da risk iştahı açısından takip ediliyor. Trump’ın, devam eden ekonomik baskının İran yönetimini nükleer programını dağıtmaya veya rejimin çökmesine götürebileceğini düşündüğü ve savaşın sona erdirilmesini değerlendirdiği aktarılıyor.

Hayes’in tahmininin gerçekleşmesi için önümüzdeki dönemde özellikle dolar likiditesi, Fed bilançosu, ABD Hazine politikası ve Japonya’nın faiz politikası yakından izlenecek. Ethereum açısından 10 bin dolar hedefi bugün için bir piyasa fiyatı değil, bu koşulların Hayes’in öngördüğü yönde gelişmesi halinde ortaya çıkabilecek agresif bir senaryo.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Latest NewsPublishedSep 3, 2026

The UK political party and its leader, Nigel Farage, have accepted contributions from figures tied to the crypto industry, raising questions about potential influence on policies.

Records from the UK’s Electoral Commission showed that BitMEX co-founder Ben Delo’s contributions to the country’s Reform party made up about three-quarters of the $7.3 million it received in the second quarter of 2026.

As of Thursday, the Electoral Commission showed that Delo had made two separate contributions to Reform UK of 1 million and 3 million pounds — about $1.3 million and $4 million, respectively — in April. While the political party also received significant contributions from entities and individuals between April and June 2026, Delo’s donation amounted to 74% of all funds reported in the second quarter.

Source: UK Electoral Commission

Nigel Farage, leader of Reform UK, is currently under investigation after receiving millions of dollars’ worth of donations and gifts from two figures tied to the crypto industry: Christopher Harborne and George Cottrell. The UK lawmaker resigned his position as a member of parliament in July amid the crypto scandal, triggering a controversial by-election that Farage won 63% of the vote, ahead of satirical candidate Count Binface.

The contributions tied to the crypto industry have raised questions from many lawmakers about the influence of digital assets on UK politics. In July, Labour MPs were reportedly considering that a moratorium on crypto donations imposed in March be made permanent in response to what Farage called “gifts” from Harborne and Cottrell.

Delo also contributed $5.3 million to Reform UK in the first quarter of 2026.

BitMEX co-founders pardoned by US president last yearDelo was one of three figures tied to cryptocurrency exchange BitMEX who pleaded guilty to federal charges in the US related to violations of the Bank Secrecy Act. While he agreed to pay a $10 million fine in 2022, the BitMEX co-founder did not serve time in prison. He and his colleagues Arthur Hayes and Samuel Reed received a pardon from US President Donald Trump in March 2025.

Magazine: BTC will hit $1M by 2030... but Arthur Hayes is buying ETH instead

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Lighter [LIT], the native token of the perpetual decentralized exchange (DEX), rallied over 15% in the past 48 hours. 

The latest pump lifted the token from below $3.50 to over $3.94. This raised hopes that $5 could be the next target if $4 is cleared. However, the token has struggled to crack above $4 despite an 110% explosive run in August.  

Ahead of the Fed rate decision on the 15th of September, the altcoin could extend its sideways structure below $4 despite strong traction on the DEX. 

Will Lighter crypto stay below $4, or eye $5? On the daily charts, the token has toiled below $4 since late August. Unsurprisingly, August’s mega rally was due for some cool-off as the Relative Strength Index (RSI) hit overbought territory. 

The ATR (Average True Range, red) has gone flat and begun trending downwards, indicating that the volatility seen in August has eased and tapered. Unless the metric shoots up with strong trading volume, any breakout above $4 could become a “fakeout.”

Source: LIT/USDT, TradingView The sideways thesis could be invalidated if the broader crypto market extends its recovery. In such a scenario, LIT could clear the $4 overhead hurdle and eye $4.50 or $5.1. 

Robinhood Chain improves Lighter crypto DEX growth The DEX saw $39B in perp volume in August, a slight increase from $36B seen in July. Part of the traction was from Robinhood integration. Lighter powers perps on Robinhood Wallet. The same infrastructure is behind the perps markets on Robinhood Chain, an Ethereum L2. 

Recently, the fintech firm said that perps volume on its platform from Lighter hit $7.3B in two months. This was one of the factors behind the mid-week LIT rally. 

Source: X That said, the DEX’s revenue rose 24% from $2.14M to $2.62M amid the renewed traction in August.

Over the same period, the DEX’s fees jumped by 30% from $2.7M to $3.5M. Since most of the revenue goes to LIT buyback, it could boost the altcoin’s uptrend prospects if the traction persists. 

Source: DeFiLlama Overall, Lighter has seen strong growth recently, partly due to Robinhood integration. But the token’s plan to clear the $4 overhead hurdle may depend on macro factors. 

Final Summary LIT surged 15%, but the $4 overhead roadblock persisted ahead of the Fed rate decision.  Lighter revenue increased by 24% to $2.6M in August and could boost LIT buyback.

XRP Price Analysis: Can XRP Resume Its Rally After Defending Key Support?

Bitcoin (BTC) reclaimed $81,000 on Thursday as reports suggest the Iran war could be over. Reportedly, Donald Trump’s inner circle is advising the president to declare the war officially over, as pressure over midterm elections grows.

Meanwhile, Fed Governor Christopher Waller signaled he could back a September rate hold, further exacerbating the Bitcoin rally.

Bitcoin Price Breaks Out Massive Rally. Source: CoinGeckoBitcoin Rallies as Iran War Talk ShiftsThe Wall Street Journal reported the private talks on Thursday. Trump reportedly thinks economic pressure alone will force Tehran to concede.

However, senior aides warned that more escalation could cost Republicans the November midterm elections.

BREAKING: President Trump is having private discussions with senior aides about potentially declaring the Iran War over, per WSJ.

Aides are reportedly advising President Trump that an escalation of the war beyond recent strikes could cost Republicans the midterm elections.

— The Kobeissi Letter (@KobeissiLetter) September 3, 2026 Bitcoin has traded this war closely, sliding below $77,000 on Tuesday after Trump confirmed fresh strikes near the Strait of Hormuz. So Thursday’s bounce fits the pattern.

The oil market, however, read the same day very differently. Brent crude rose toward $98 a barrel. That is a six-week high, not a peace trade.

Bitcoin and Brent Crude Price Performances. Source: TradingViewIran struck US military bases overnight. Israel also signaled it could resume operations. Trump has said publicly that the new fighting will not last long. The private talks match that message.

Tanker traffic says the same thing. Six commodity vessels crossed Hormuz on Wednesday, against a 10-day average near 13.

Six commodity vessels transited the Strait of Hormuz on Wednesday, down from 11 a day earlier ‌and well ‌below the ‌10-day average of around 13, preliminary shipping data showed on Thursday.https://t.co/9DYJgjTXzS

— Arab News (@arabnews) September 3, 2026 Meanwhile the Pentagon is digging in, with the army air-defense tours reportedly stretching from nine months to twelve, and some units could stay into 2027.

Waller Adds a Second Tailwind for BitcoinBeyond Trump. Fed Governor Waller also moved markets on Thursday, weeks after policy makers split nine to three in July, with three officials pushing for a hike.

He said three-month core inflation slowed to 3.05% through July. It ran at 4.76% in February. Therefore Waller leans toward holding rates if August confirms that trend. A hot print would flip him.

“…it may not take much acceleration in inflation to nudge me into supporting tighter policy,” read an excerpt in his remarks.

Against this backdrop, CME FedWatch put September hike odds at 50.2%. That is down from 63.2% a day earlier, and below the rare Fed hike odds priced in late July.

September Interest Rate Probabilities. Source: CME FedWatch ToolSo will $80,000 hold? The recent record argues for caution. Brent fell 9% intraday on August 2 when Trump announced talks to reopen Hormuz.

However, that trade unraveled quickly. Trump said Gulf states and Iran had asked him to delay a strike, and Iran’s Fars news agency denied it.

Oil is now back near $98. The war is in its sixth month. Trump has picked no strategy yet. Waller’s vote waits on August inflation. That leaves the Bitcoin price above $80,000 resting on two maybes.

Therefore, renewed strikes or a hot print would likely drag BTC toward Thursday’s $76,963 low.

DIA deployed fundamental feeds for Vetro’s VUSD and sVUSD, pricing each from the mechanism that determines its reserves and vault contracts.

A dollar-pegged settlement asset and a yield token need different prices, for different reasons. Vetro built that distinction into its protocol, and DIA deployed fundamental feeds for the two assets that price each from the mechanism that actually determines its value. The deployment runs on DIA’s fundamental feeds, the pricing layer DIA already uses for reserve-backed and proof-of-reserve assets across its integrations.

We built VUSD for treasuries, and a treasury needs a price it can defend. With DIA, VUSD is valued from its reserves and sVUSD from its vault, and both valuations can be verified onchain before anyone lends against them. A thin market no longer decides what a treasury asset is worth. DIA has deployed both feeds.

Jeff Garzik

Co-Founder, Vetro

Vetro separates stability from yield at the protocol design layer. VUSD is the settlement asset, over-collateralized by a basket of USDC, USDT, and frxUSD, targeting a 1:1 relationship with the dollar. sVUSD is a separate ERC-4626 vault where holders opt into yield, and its price per share only rises as the Agentic Yield Engine delivers on the backing. The yield layer can be switched off without touching VUSD’s issuance, redemption, or peg mechanics.

Two products, so two different valuation problems, and two different fundamental computations.

VUSD is a reserve-backed claim. Its value is Treasury reserves divided by supply, capped at the dollar it targets. DIA prices it from the reserves.

sVUSD is a contract-computed share. Its price per share is totalUnderlying / totalShares, read directly from the vault contract. The value moves only as yield is distributed. No trade needs to happen for the number to be correct, and none needed to happen to read it. DIA prices it from the vault.

The feeds mirror the same architecture, and that is the point of publishing them: a settlement asset and a yield layer that DeFi depends on need prices that come from what the protocol holds and computes, not from how thinly they trade.

Neither asset trades at a size where market prices carry information and a market feed built on that reads a handful of trades and calls it a price.

That thinness is even sharper for sVUSD’s 7-day withdrawal cooldown. A lender accepting sVUSD as collateral cannot liquidate into the underlying for a week. In that window, a market feed on a thin book is precisely the condition where a misprint happens and a liquidation starts from an artifact. A valuation read from the vault contract does not move on a thin book, because it does not depend on one. The price the collateral is valued at is the same price a counterparty can verify, not the last trade someone happened to make.

DIA provides the price feeds that let VUSD and sVUSD be used as collateral and in lending without trusting a thin market book:

Reserve-backed value for VUSD, computed from the Treasury reserves that back it and capped at its one-dollar target. Contract-computed exchange rate for sVUSD, read from the vault, updating as yield is distributed. Both built on the fundamental-feeds layer, with feed configuration and update conditions auditable onchain. The valuation and the evidence for it live on the same rails. Vetro’s Trust Center publishes backing ratios and yield distributions in real time, and reserve reads in its analytics come directly from the chain, so the price a DeFi protocol reads is the price it can verify.

Echo Base formed an ad hoc committee of BitMart claimholders on Sept. 2, following the crypto exchange’s decision to wind down its operations.

Summary

Echo Base formed an ad hoc committee representing BitMart customers with assets frozen after shutdown. Echo Base says BitMart never answered its proposed $10 million restructuring commitment submitted August 6. The committee retained two law firms and is assessing bankruptcy, regulatory and other recovery options. No court has determined whether customers retain ownership rights over assets held through BitMart accounts. BitMart appointed restructuring counsel and promised users a detailed roadmap by September 9, 2026 publicly. In a statement shared directly with crypto.news, Echo Base said the committee represents a “significant and growing aggregate balance” of frozen customer assets. It did not disclose the number of participating claimholders or the value of their claims.

The special situations firm said the group retained Young Conaway Stargatt & Taylor and Ashbury Legal. The committee is considering restructuring, regulatory and insolvency remedies.

Echo Base says its $10 million offer went unanswered Echo Base said it submitted a written proposal to BitMart management on Aug. 6. The proposal offered up to $10 million to sponsor a pre-negotiated bankruptcy filing.

According to the statement, the money would cover professional and administrative expenses through confirmation of a restructuring plan. Echo Base said BitMart did not respond. Crypto.news could not independently verify the communications between the companies.

Echo Base also described a dispute involving one of its affiliates. It said the affiliate requested a withdrawal on July 24, approximately 31 hours before BitMart announced its closure.

The affiliate allegedly made 15 attempts to contact the exchange before delivering a formal demand on Aug. 8. Echo Base said BitMart neither executed the withdrawal nor identified a contractual or legal reason for withholding the assets. BitMart has not publicly addressed that specific account.

BitMart is considering a different restructuring plan BitMart announced its orderly wind-down on July 26. It suspended new registrations, deposits and new orders before ending trading services on Aug. 26.

The exchange initially said it planned to cease platform operations on Jan. 31, 2027. Withdrawals would remain available, although BitMart warned that compliance reviews and heavy demand could delay processing.

As crypto.news previously reported, BitMart’s shutdown sent BMX down more than 60% within 24 hours. BitMart attributed the closure to its operating conditions, the market environment and its future strategy.

However, BitMart changed course on Aug. 21. In an official update, the company said it was developing a possible restructuring plan as an alternative to a full wind-down.

That plan “may include” phased business resumptions and creditor distributions, BitMart said. The exchange appointed White & Case as restructuring counsel and promised another update by Sept. 9.

Claimholders are considering court proceedings Echo Base said the committee is studying whether qualifying creditors could commence or join an involuntary insolvency proceeding. The firm stressed that no decision had been made.

An involuntary U.S. bankruptcy petition must meet statutory requirements governing creditor eligibility, claim amounts and disputed debts. A court would ultimately decide whether any petition could proceed. The committee is an independently organized group, not a statutory creditors’ committee appointed within an existing bankruptcy case.

Echo Base also argues that BitMart’s user agreement does not transfer ownership of deposited assets to the exchange. That remains the committee’s legal position rather than a court ruling. The treatment of customer crypto would depend on the relevant contracts, entities, jurisdictions and any eventual proceeding.

“BitMart still has time to run an orderly wind-down. What it does not have is anyone willing to put capital behind one. Out of court there is no stay, so a single claimant can stall the process for everyone, and any holder the company cannot reach retains its claim indefinitely. That is not a wind-down, it is an open liability with a queue attached.” said Echo Base’s chief executive Roshan Dharia.

Dharia added that Echo Base had offered “capital at risk” to support a court-supervised process. He said the proposal had remained outstanding since Aug. 6.

The Sept. 9 roadmap is the next deadline BitMart’s promised Sept. 9 update should clarify whether it will pursue a partial reopening, creditor distributions or its original closure schedule. The exchange has not publicly accepted Echo Base’s proposal.

Echo Base said it remains willing to negotiate with BitMart and its advisers. Until an agreement or court filing emerges, the committee’s recovery options remain under review and the status of individual frozen withdrawals may differ.

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According to Lookonchain's monitoring, five months ago, when Solana ecosystem meme coin USELESS’s market cap dropped to $30 million, well-known crypto KOL "Bonk Guy" began using a dollar-cost averaging strategy to buy the token. Over the past month, Bonk Guy has continued purchasing USELESS, and now holds 15.9 million tokens worth $2.52 million, with an unrealized profit of $1.68 million. Per GMGN data, USELESS, the Solana meme coin, rose over 50% in 24 hours, pushing its market cap above $150 million. On September 1, Bonk Guy said his bullishness on USELESS is even stronger than when he traded BONK in 2023, noting that USELESS previously surged from a $4 million market cap to $450 million in a non-bull market, and could see even larger gains if it experiences a real bull market for the first time. After Bonk Guy’s bullish call on September 1, USELESS jumped over 50% that day, breaking through the $100 million market cap mark. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and require cautious investment.

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Jim Cramer expects a huge move in Snowflake stock after a blowout quarter. Broadcom earned a far more cautious verdict.

The CNBC host weighed in after both companies reported. Snowflake and Broadcom both cleared estimates, yet only one drew unqualified praise in the artificial intelligence (AI) trade.

Jim Cramer Snowflake Verdict Follows a Blowout QuarterSnowflake reported product revenue of $1.49 billion for its fiscal second quarter, up 37% from a year earlier. Adjusted earnings hit $0.62 per share.

Management lifted full-year product revenue guidance to $6.07 billion. Shares jumped 23.27% to $377.00 in pre-market trading from Wednesday’s $305.84 close.

The stock had slid 7.4% over the five sessions into the report.

Cramer flagged the valuation in the same breath as the beat. He called it the cleanest way for hesitant enterprises to buy compute on demand.

So Snowflake remains the best way for the uncertain to get compute but Broadcom tells a story of an explosion of business coming. Snowflake will have a huge move…. Broadcom? More nuanced…

— Jim Cramer (@jimcramer) September 3, 2026
His enthusiasm marks a shift. Last week, he praised Marvell’s quarter yet warned that its price had already run too far.

Snowflake Inc. Stock Chart. Source: TradingViewBroadcom delivered $16.7 billion in AI semiconductor revenue, a 221% jump. Total revenue rose 86% to $29.6 billion, and adjusted earnings reached $3.32 per share.

Chief Executive Hock Tan guided fourth-quarter AI sales to $21.7 billion. He has secured a supply to roughly double AI revenue to about $115 billion in fiscal 2027.

Tan flagged a path toward $230 billion in fiscal 2028. Investors still balked.

Cramer welcomed the raises, then hedged.

Hock giving you some nice raises for next year and the year after. That’s what we have been looking for. Maybe i am too hopeful… Small position for the trust…

The trust is his CNBC Investing Club portfolio.

Total fourth-quarter guidance of $34.8 billion landed just under consensus. The stock slipped 2.58% to $357.76 in pre-market trading, extending a 4.5% monthly decline.

Broadcom (AVGO) one-month chart. Source: TradingViewAnalyst forecasts before earnings were already skewed heavily bullish, leaving little room for surprise.

AMD’s post-earnings selloff in August showed how fast strong chip numbers can disappoint.

Cramer’s split verdict leaves one clear test. Snowflake has to turn AI demand into margin, while Broadcom has to prove Tan’s 2028 math.

Key Takeaways On September 2, Farmmi shares skyrocketed by as much as 350%, momentarily reaching $0.50 after closing at $0.12 the previous session. The rally was sparked by JINQIAN, a memecoin inspired by Farmmi’s mushroom product line, which debuted on Robinhood Chain. The accompanying FAMI token was not a legitimate Robinhood stock token but rather created by an unidentified individual. During its height, the memecoin achieved an estimated value between $60-70 million, approximately 10x Farmmi’s real market capitalization. By market close, the stock had relinquished most of its gains, settling around $0.15, while the memecoin plummeted more than 90% from its zenith. Farmmi (FAMI) experienced one of 2026’s most unusual trading sessions on September 2, despite the absence of earnings reports, corporate transactions, or official communications.

Farmmi, Inc., FAMI

Shares began trading near $0.12, matching Tuesday’s closing figure. However, by late morning, the price had climbed to $0.50, representing an approximately 350% increase.

The driving force? A cryptocurrency meme token.

JINQIAN, a newly launched token on Robinhood Chain, took its name from the “jinqian” or “money” mushroom variety that Farmmi markets. This token was matched with an onchain asset utilizing Farmmi’s FAMI stock symbol.

In roughly 60 minutes, the memecoin’s implied market value peaked between $60 million and $70 million, based on data from DexScreener and blockchain monitoring account Lookonchain. This valuation was approximately tenfold greater than Farmmi’s pre-rally market capitalization.

The speculative excitement subsequently spilled over into traditional equity markets.

The Token Lacked Official Authorization The FAMI token associated with JINQIAN was not among Robinhood’s authorized stock tokens. An unidentified individual created it, and it possessed no legitimate backing.

In contrast to genuine Robinhood stock tokens representing corporations such as Nvidia or Micron, no mint-and-redemption system existed. Consequently, trading activity in the token had no actual connection to legitimate purchases of Farmmi’s Nasdaq-traded shares.

Farmmi released no communication linking the organization to the cryptocurrency. The stock’s ascent was driven entirely by speculative interest.

One participant profited substantially. Transparent blockchain data reveals an anonymous address invested approximately $19,000 into JINQIAN during its early stages, subsequently liquidating the entire holding about 60 minutes later for roughly $198,000, yielding a profit near $178,600.

Nearly all subsequent investors experienced losses. The token’s value collapsed over 90% from its peak in mere hours.

Trading Volume Revealed the Reality Typically, Farmmi processes approximately 5 million shares daily. On September 2, over 720 million shares exchanged hands. This represents nearly 90 times the stock’s standard daily volume.

Farmmi operates as a small-scale Chinese agricultural products enterprise with merely 15 employees. Prior to Wednesday, its market capitalization stood at just several million dollars.

By late afternoon trading, the stock had surrendered the majority of its earlier advances. It concluded the session around $0.15, maintaining an approximate 27% gain for the day.

Currently, the JINQIAN memecoin is valued at roughly $0.0066, translating to a market capitalization near $6.6 million. This represents a dramatic decline from its transient $70 million peak achieved earlier during the trading session.

Key Highlights On August 24, Ondo Finance submitted three comment letters to the SEC and CFTC requesting approval for perpetual futures contracts on individual US equities under current security futures regulations. The company’s Panama-registered entity currently provides stablecoin-settled stock perpetuals to offshore clients, generating $8 billion in total trading volume approximately six weeks post-launch. Ondo contends that perpetual contracts can qualify as security futures products without requiring fixed settlement dates. Following a March coordination agreement between the SEC and CFTC, both agencies are examining how current regulations apply to blockchain-based derivatives and tokenized assets. President Trump’s comments about bringing Hyperliquid to the US legally drove HYPE token prices up more than 20%. Ondo Finance has formally petitioned American financial regulators to authorize perpetual futures contracts on individual US equities, asserting that existing legislation provides sufficient legal foundation for these instruments.

🐋 WHALE WATCH : Why wait for new crypto rules when current US laws already work ?

@OndoFinance is making a direct push to bring stock perpetual futures onshore under existing SEC & CFTC frameworks.

The breakdown:
=> 24/7 equity leverage on-chain
=> Direct bridge between Wall… pic.twitter.com/becjTfx30W

— Whale Factor (@WhaleFactor) September 3, 2026

The tokenized asset platform submitted three detailed comment letters to both the Securities and Exchange Commission and the Commodity Futures Trading Commission on August 24. The company maintained that new legislative action is unnecessary to enable stock perpetual futures trading.

Ondo’s Regulatory Proposal Ondo is requesting that the SEC and CFTC classify perpetual stock futures as security futures products within the framework of current regulations. The submitted letters address product categorization, collateral requirements, and the incorporation of blockchain-sourced market data.

Central to Ondo’s position is the assertion that perpetual contracts should qualify as security futures products despite lacking predetermined expiration dates. Conventional futures contracts settle at specified times. Perpetual contracts instead employ continuous funding rate mechanisms to maintain price alignment with the underlying equity.

In this structure, when a perpetual contract’s price exceeds the reference asset’s value, long position holders transfer payments to short position holders. This payment flow inverts when the contract price falls below the reference level. According to Ondo, this funding rate system serves the identical economic purpose as traditional futures expiration.

The firm’s Panama-domiciled subsidiary currently provides these products to qualified international users beyond US jurisdiction. Operating with stablecoin settlement, the platform achieved $8 billion in aggregate trading volume by August 14, approximately six weeks following its market debut.

Oversight Framework Context In March, the SEC and CFTC executed a memorandum of understanding establishing coordinated supervision for jurisdictional intersection areas. Security futures occupy this shared territory since the SEC governs securities markets while the CFTC administers US futures exchanges.

Ondo is not alone in pursuing this regulatory pathway. The Hyperliquid Policy Center submitted comparable documentation on August 24. That filing noted Hyperliquid’s equity perpetual products had facilitated over $480 billion in aggregate notional trading volume during their initial 10-month period.

In August, President Trump stated that CFTC Chair Michael Selig was developing a framework to enable Hyperliquid’s compliant operation within the United States. The HYPE token surged more than 20% following these remarks and has climbed nearly 49% over the past month, currently trading near $81.

Ashley Ebersole, former SEC legal counsel, estimated that establishing a US regulatory framework for blockchain-based perpetuals could require 10 to 12 months if agencies proceed through formal rulemaking processes, though the timeline could accelerate if regulators apply existing statutory authority.

Earlier this week, the SEC separately proposed modifications to its transfer agent regulations to accommodate blockchain-based record maintenance and tokenized securities instruments.

According to RWA.xyz data, Ondo holds the fourth position among tokenized real-world asset management platforms with approximately $2.6 billion in distributed value.

A $5,000 Stake That Became MillionsOgle, known online as @cryptogle and listed as a key advisor to World Liberty Financial, has recorded one of the more striking on-chain wins of the current cycle. According to on-chain analytics platform Lookonchain, he turned an initial outlay of $4,997 into roughly $5.4 million by buying into the $PONS token early, representing a return of approximately 1,080 times his original stake.

Ogle initially acquired 10.607 million PONS tokens when the token's market cap sat at around $470,000. The token subsequently surged, briefly crossing a $500 million market cap. At current prices, his position of approximately 10.9 million PONS is worth around $5.58 million.

World Liberty Financial is a decentralized finance protocol associated with the Trump family. Ogle is listed as a key advisor to the project, which also counts Donald Trump as "chief crypto advocate" and Barron Trump as its "DeFi visionary."

What Is PONS?$PONS is the native token of the Pons launchpad, a permissionless token launchpad that has rapidly become one of the largest sources of new tokens on Robinhood Chain. Robinhood officially launched the public mainnet of Robinhood Chain on July 1, 2026, as an Ethereum Layer 2 built using the Arbitrum platform. While it operates in a meme-heavy ecosystem, PONS carries actual utility as a launchpad token with fee revenue, treasury buying, and burn mechanics tied to platform usage.

Pons announced that creators of platform tokens have collectively earned over $25 million in transaction fees to date. The protocol has attracted significant on-chain activity, with Pons recording the highest user-paid fees of any on-chain launchpad over a 24-hour window, generated from more than $500 million in trading volume.

Ogle's gain is a clear example of early conviction paying off in a high-risk, high-reward corner of the market. The trade also highlights the degree to which well-connected figures in the crypto industry are actively participating in speculative on-chain opportunities, even while holding advisory roles at major projects.

Sources:
What Is PONS Token? Robinhood Chain's Pump.fun Rival - KuCoin
Pons Claims Top On-Chain Launchpad Fees on Robinhood Chain - The Crypto Times
World Liberty Financial - Wikipedia

Multicoin Capital has now sold roughly another 10% of its HYPE position, according to blockchain intelligence platform Arkham.

The latest sale leaves the investment firm with approximately $90.5 million worth of HYPE.

This is its largest on-chain holding despite continued sales. 

HOT Stories

Multicoin accumulated roughly 4 million HYPE during February and March, when its position reached a peak. Its current holdings stand at slightly more than one-quarter of that amount. The firm has now sold nearly 75% of its peak position.

In July, Multicoin also made a decision to make a direct investment into the Hyperliquid ecosystem. 

On July 16, Multicoin invested $1.75 million in Trasia Labs, an Asia-focused perpetual futures platform built on Hyperliquid. 

Multicoin was the sole investor in the seed round. This makes the deal notable given the firm’s large HYPE position.

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And in February, co-founder Kyle Samani stepped back from Multicoin after nearly a decade. He remained chairman of Forward Industries.

HYPE's continued momentum HYPE recently made a debut within Hashdex’s Nasdaq CME Crypto Index ETF (NCIQ). HYPE was added with a roughly 3.4% weighting. 

This is the fund’s fifth-largest holding behind Bitcoin, Ethereum, XRP and Solana. This is the first reported inclusion of HYPE in a U.S.-listed crypto index ETF.

HYPE is now also more accessible to U.S. investors. Coinbase currently lists Hyperliquid for trading and offers HYPE-related derivatives, including cash-settled futures. 

There are also some important developments on the institutional side.  Grayscale’s Hyperliquid Staking ETF, HYPG, continues to make the case for HYPE around the token’s economics and Hyperliquid’s growth. 

Hyperliquid opened its HIP-4 outcome-market infrastructure to outside venues on Aug. 29, and daily trading volume nearly tripled within three days, according to research published Sept. 3.

Summary

Hyperliquid opened HIP-4 deployment August 29, and reported daily outcome volume tripled within three days. Two outside venues each posted 500,000 HYPE bonds to deploy markets using approved templates independently. Outcome captured 85% of reported volume while offering traders a $1 million active rebate program. Hyperliquid validators publish settlement prices every three seconds, according to the research collective’s analysis publicly. U.S. availability would require regulatory authorization, while sports contracts could face additional federal scrutiny requirements. Daily volume increased from an August average of approximately $545,000 to $1.97 million on Aug. 31, the Hyperliquid Research Collective reported. The trailing daily figure subsequently reached approximately $2.75 million.

Two outside venues, Outcome and Skew, posted 500,000 HYPE bonds and began deploying markets through seven templates approved by Hyperliquid validators. However, the early volume was heavily concentrated in Outcome and supported by trading incentives.

The rollout makes market deployment permissionless at the protocol level. It does not automatically authorize HIP-4 operators to serve U.S. customers or offer every category of event contract.

Hyperliquid HIP-4 opens deployment to outside venues HIP-4 supports fully collateralized outcome contracts that settle within a fixed range, usually zero or one. Prices can represent the market’s assessment of whether a specified event will occur.

Unlike perpetual futures, these contracts do not use leverage, funding payments or liquidations. Traders must provide the full collateral required for their positions.

As crypto.news previously explained, HIP-4 introduced outcome contracts alongside Hyperliquid’s builder-deployed perpetual markets. The first HIP-4 products reached mainnet in May but remained controlled by validators and selected operators.

The Aug. 29 upgrade opened deployment to outside builders. Each operator must bond 500,000 HYPE for at least six months. The bond can be slashed if validators determine that a deployer created an invalid market, settled it incorrectly or failed to complete settlement within the permitted period.

Permissionless deployment also remains limited by templates. Validators approve standard market formats and their permitted language. Builders can then launch markets that follow those specifications without seeking separate approval for every contract.

This design separates market creation from template governance. Outside operators gain control over individual listings, while validators retain influence over the categories and settlement structures that the protocol supports.

Incentives drove most of the early volume Outcome accounted for approximately 85% of reported HIP-4 volume after third-party deployment opened. Skew produced roughly 1%, leaving the remaining activity with existing validator-deployed markets.

Hyperliquid opened HIP-4 to outside venues on August 29 and daily volume tripled in three days, from a $545,000 August average to $1.97 million on August 31.

Two venues posted 500k HYPE bonds and drew from the 7 validator-approved templates. Outcome took 85% of volume behind a…

— Hyperliquid Research Collective (HRC) (@HyperliquidR) September 3, 2026 Outcome introduced a $1 million rebate campaign that paid users approximately one cent for every dollar traded, according to the research. The incentive means the initial increase should not be treated entirely as evidence of lasting demand.

Rebate programs can encourage participants to trade more frequently or execute transactions that would be less attractive without rewards. The reported volume remains genuine trading activity, but its durability will become clearer after incentives decline or expire.

The concentration also creates an early test for HIP-4’s permissionless model. Two operators have posted bonds, yet one venue controls most of the new activity. More deployers, market templates and liquidity sources would be needed to establish a broader competitive market.

Hyperliquid previously announced plans for permissionless HIP-4 deployment in July. At the time, crypto.news reported that outside builders would need substantial HYPE stakes and could face slashing.

The current 500,000 HYPE requirement provides an economic penalty for misconduct. However, its dollar value also creates a high entry barrier. Only operators controlling or borrowing large HYPE positions can deploy markets directly.

No verified market data showed that the permissionless rollout alone caused a distinct change in HYPE’s price. Wider crypto-market conditions and other activity on Hyperliquid also affect the token.

Shared settlement connects outcomes with perpetuals HIP-4 contracts settle using prices published by Hyperliquid validators every three seconds, according to the collective. The outcome positions use the same account environment supporting Hyperliquid’s perpetual markets.

This architecture can allow a trader to hedge a binary outcome with a perpetual contract referencing the same mark price. Because both positions use the same underlying price source, the hedge avoids differences created when separate venues use different indexes or settlement times.

For example, a contract paying one dollar if Bitcoin closes above a specified level could be paired with a Bitcoin perpetual position. Both instruments would respond to a common Hyperliquid mark rather than independent external references.

The arrangement does not remove every risk. Traders still face liquidity, execution and settlement risks. Validators also play a central role in publishing the prices used for settlement.

The collective argued that neither Kalshi nor Polymarket can offer an identical hedge because their event contracts do not share Hyperliquid’s perpetual account and mark-price system. That comparison concerns technical market structure, not liquidity quality, regulatory protection or overall platform risk.

Kalshi operates as a regulated U.S. designated contract market. Polymarket has used blockchain settlement and external resolution systems. Hyperliquid instead places matching, collateral and validator-directed settlement within its own network.

That tighter structure may reduce basis differences between instruments. It also concentrates operational dependencies within Hyperliquid’s validator and trading systems.

U.S. access remains a separate challenge None of the current HIP-4 templates reportedly covers sports, elections or other categories commonly associated with federal event-contract disputes. Existing listings instead focus on prices, economic figures and other objectively measurable results.

Avoiding sports does not by itself make the markets lawful for U.S. customers. A platform offering commodity derivatives to U.S. persons generally requires an appropriate regulatory framework, regardless of whether its software permits permissionless deployment.

The Commodity Exchange Act allows registered entities to submit new contracts to the Commodity Futures Trading Commission. Federal law also allows the CFTC to review event contracts involving gaming, terrorism, assassination, war, unlawful activity or similar subjects considered contrary to the public interest.

Current CFTC rules establish a review process for contracts involving those categories. The regulator can request a trading suspension during a 90-day review before approving or rejecting a contract.

Sports would therefore add another legal question. The research collective found that sports accounted for 91% of HIP-4’s largest historical trading session. Opening third-party sports markets could increase demand, but it could also trigger scrutiny under the gaming provision.

The collective described regulatory “permission” as the remaining constraint, but no regulator has confirmed that registration alone would authorize every HIP-4 structure or market category.

The legal status could also depend on who operates the interface, controls market parameters, receives fees and makes the platform available to U.S. users. A protocol’s decentralized architecture does not settle those questions automatically.

What happens next for HIP-4 The clearest test will be whether volume remains above its August average after Outcome’s rebate campaign ends. Activity will also need to spread beyond a single operator to demonstrate that permissionless deployment has produced durable competition.

Additional builders may enter after posting the required HYPE bonds. Hyperliquid validators could approve more templates, expanding the range of economic, crypto and financial outcomes available for deployment.

U.S. access would require a separate compliance path. Any operator seeking American users would need to determine whether its contracts require CFTC registration, submission or other authorization.

Sports markets would face an added review question because federal law specifically identifies gaming as an event-contract category that may be examined under the public-interest standard.

FAQs What is Hyperliquid HIP-4? HIP-4 is Hyperliquid’s framework for fully collateralized outcome contracts. The contracts commonly settle at zero or one based on a predetermined result.

When did permissionless HIP-4 deployment begin? Hyperliquid enabled outside HIP-4 deployment on Aug. 29, 2026. Builders must use validator-approved templates and post a 500,000 HYPE bond.

Why did HIP-4 volume triple? Outcome generated most of the increase after launching third-party markets. Its $1 million rebate program also rewarded users according to their trading volume.

Can U.S. customers legally trade HIP-4 markets? Permissionless protocol deployment does not establish lawful U.S. access. Operators may require CFTC registration or authorization, depending on their products and activities.

Why could sports markets face greater scrutiny? The Commodity Exchange Act allows the CFTC to review certain event contracts involving gaming under a public-interest standard.

2 hours ago

According to TradingBeats' monitoring, trader Loracle has shorted CASHCAT and PONS with 3x leverage, with a total short position value of approximately $10.621 million, currently facing an unrealized loss of around $1.336 million. PONS, which rose by about 50.6% from the previous day on the platform, is the main source of the losses: - CASHCAT short position: Holding 22.4999 million tokens valued at ~$5.723 million, average entry price of $0.231, current price of $0.254, unrealized loss of ~$515,000, return rate of -29.6%; - PONS short position: Holding 9.1261 million tokens valued at ~$4.898 million, average entry price of $0.446, current price of $0.536, unrealized loss of ~$821,000, return rate of -60.5%. Since 20:00 on September 1, Loracle has been expanding both short positions, with a total of ~$8.024 million in regular short trading volume during this period. Its latest PONS short addition trade took place at 18:16 today, and it currently holds 4 non-reduction sell orders at $0.55276 to $0.5603, with plans to add another ~$300,000 in short positions. On-chain Perp and address analysis tool TradingBeats is now live, supporting real-time Hyperliquid data viewing, enabling in-depth analysis from address tracing to whale operations, all at a glance.

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Hyperliquid is preparing HIP-3*, an optional set of deployer features that will add support for permissioned markets on top of its existing HIP-3 framework through deployer-controlled onchain allowlists, co-founder Jeffrey Yan said Thursday.

The allowlists will be managed by the deployer or its sub-deployers, giving them an additional way to configure access to their markets.

HIP-3 is a Hyperliquid protocol upgrade that makes the creation of perpetual futures markets permissionless, allowing independent builders to deploy markets directly on HyperCore without approval from the core team.

Deployers control market parameters including the assets, oracles, leverage limits and fee structures, while taking responsibility for operating and settling their markets.

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HIP-3* will not change existing HIP-3 deployments. The functionality is strictly additive and will only be activated by deployers that need the additional access-control capabilities, according to Yan.

The initial HIP-3* release is currently available on testnet, where the specifications remain preliminary and could change based on feedback.

The Hyperliquid CEO said the upgrade is intended to give independent market operators more flexibility to meet requirements applicable to their individual deployments. The company will continue to provide the underlying onchain infrastructure, while deployers remain responsible for operating and managing their own markets.

The announcement comes shortly after Hyperliquid Labs reportedly discussed a potential partnership with Payward, the parent company of Kraken, that could give US traders access to selected Hyperliquid-linked perpetual futures through regulated exchange Bitnomial.

The proposed structure would allow registered Bitnomial customers to trade a subset of futures tied to crypto tokens built using Hyperliquid technology. Payward has reportedly submitted the basic proposal to the CFTC, but the arrangement would still need regulatory approval before going live.

The talks follow President Donald Trump’s recent comments that his administration was working to bring Hyperliquid into the US. The platform is currently unavailable to US users, despite becoming one of the largest venues for perpetual futures.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Hyperliquid Strategies Inc. (NASDAQ: PURR), the digital asset treasury company trading under the ticker PURR, has enlarged the committed equity purchase arrangement it maintains with Chardan Capital Markets.

An amendment filed with the US Securities and Exchange Commission (SEC) on September 1, 2026, lifts the maximum aggregate amount of newly issued common stock that may be sold under the facility from $1 billion to $2.5 billion.

The original ChEF Purchase Agreement was signed on October 22, 2025.

Under that contract the company may, at its own discretion and subject to pricing, volume and other contractual conditions, instruct Chardan to buy newly issued shares.

Chardan may then resell those shares in the public market.

The September amendment simply raises the total commitment while leaving the operational mechanics of the facility otherwise intact.

The expanded ceiling is a capacity figure, not a guarantee that $2.5 billion will actually be raised.

Sales occur only when Hyperliquid Strategies elects to deliver purchase notices, and the proceeds ultimately received will depend on the prevailing share price and the frequency of those notices.

Management has previously indicated that funds drawn from the facility may be used for general corporate purposes, including possible additional purchases of HYPE, the native token of the Hyperliquid network.

A Nasdaq-related restriction now applies once $1 billion of stock has already been sold under the agreement.

After that threshold, any further issuances priced below $12.02 per share are limited to 42,641,847 shares—equivalent to 19.99 percent of the shares outstanding immediately before the amendment—unless shareholders approve a larger issuance.

The cap is intended to constrain dilution when shares are sold at a discount.

By the end of June 2026 the company had already generated approximately $647 million of gross proceeds through the original facility, issuing tens of millions of shares at an average price of roughly $8.70.

Those proceeds, together with other capital, helped expand the firm’s HYPE treasury from an initial 12.5 million tokens to about 29.3 million tokens.

The company also reported a cash and cash-equivalent position of roughly $150 million and no debt at fiscal year-end.

The larger facility therefore gives Hyperliquid Strategies additional flexibility to continue accumulating HYPE if market conditions and internal strategy warrant it.

At the same time, any further draw-downs will increase the number of shares outstanding and may dilute existing holders.

Investors will watch both the pace of future issuances and the price at which they occur, especially once the $1 billion mark is passed and the exchange cap becomes relevant.

Hyperliquid Strategies emphasizes that it is an independent public company and is not affiliated with the Hyperliquid protocol itself, even though its treasury strategy is concentrated in that ecosystem’s token. The amendment simply enlarges the financing tool the firm has already used extensively, giving it more room to act as market opportunities arise.

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Physical Products, Global Events, and a Growing Payment NetworkPudgy Penguins used August to push further into mainstream consumer territory, rolling out new physical products, community events, and payment tools across multiple continents.

On the collectibles side, the project shipped new Schleich figurines alongside 14-inch Pengu plushies available worldwide. The Schleich partnership pairs the Pudgy Penguins IP with a figurine brand that has a 90-year crafting history, with figures such as Pax Pengu and Polly now available through the official Pudgy Penguins store and select retailers.

The Pengu World Tour also gained momentum during the month, bringing community events to cities across Asia, North America, and other regions. The tour is part of a broader effort to build offline engagement alongside the project's digital ecosystem.

Pengu Card Growth and On-Chain ExpansionThe Pengu Card, integrated with the Visa network and backed by a partnership with KAST, surpassed 35,000 users across more than 170 countries in August. The card allows $PENGU holders to spend tokens at merchants that accept Visa and supports Apple Pay and Google Pay. The user milestone underscores growing adoption of the payment product since its launch earlier this year.

On the token side, $PENGU (solana:2zMMhcVQEXDtdE6vsFS7S7D5oUodfJHE8vd1gnBouauv) expanded to Robinhood Chain through LayerZero. Robinhood Chain is an Ethereum Layer 2 built on the Arbitrum stack, with LayerZero serving as its cross-chain connectivity provider. The move extends $PENGU's reach into another retail-oriented blockchain environment and marks another step in the project's multi-chain strategy, which already spans Solana and Ethereum.

Taken together, August's activity reflects a project pushing across physical retail, consumer finance, and on-chain infrastructure at the same time, a combination that has become central to the Pudgy Penguins playbook.

Sources:
The Toy Book: Pudgy Penguins Expands Licensing and Collaboration Reach
Robinhood Newsroom: Robinhood Chain Launches Public Testnet
CoinMarketCap: LayerZero Surges on Robinhood Chain Partnership

Source: Binance EN

Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here. This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, From 2026-09-04 00:00 (UTC), Binance will continue the airdrop campaign rewarding all eligible users who hold World Liberty Financial USD (USD1) on our platform. Eligible users will share rewards from a grand prize pool of 150 million World Liberty Financial (WLFI) tokens. WLFI will be distributed as weekly rewards to USD1 holders every Friday. Campaign Period: 2026-09-04 00:00 (UTC) - 2026-10-02 00:00 (UTC) How to Participate: Eligible users must hold USD1 in balance (net assets), in any of the following account categories on Binance: Spot Account;Funding Account;Margin Account (USD1 as Collateral in Cross Margin, Isolated Margin, or Portfolio Margin); USDⓈ-M Futures Account (USD1 as Collateral in USDⓈ-M Futures Accounts, Multi-Assets mode is included). USD1 in Binance Futures or Margin accounts can receive a 1.2x bonus multiplier on rewards, only if the user’s Daily Open Interest on USD1 Futures pair(s) is maintained at a minimum of 300 USD1. Binance will take hourly daily snapshots of each user’s Open Interest each day and use the lowest recorded amount to determine if the users’ Daily Open Interest on that day meets the minimum requirement and their eligibility of the 1.2x bonus multiplier. Note: If the users’ Daily Open Interest on USD1 Futures pair is less than 300 USD1 on certain days, and hold more than 0.01 USD1 in their Margin or Futures Accounts, they will still receive 1x rewards on those days, but not the 1.2x bonus rewards. USD1 acquired through borrowing of other stablecoins will receive a haircut of 70%, after accounting for liabilities in Margin Accounts from other stablecoins, including USDT, USDC, U, RLUSD, and FDUSD. Campaign Details: Prize Pool: 150 million WLFI tokens. Distribution: Rewards will be airdropped directly to users’ Binance Spot Accounts. Distribution Frequency: Weekly airdrops during the Campaign Period. Reward Distribution: Rewards start accruing from 2026-09-04 00:00 (UTC). Weekly rewards will be distributed by 18:00 (UTC) every Friday in WLFI tokens. Distribution records can be found in Distribution History. The Weekly Reward Amount will be roughly calculated as follows: Qualifying Balance of each day = Lowest USD1 balance captured during those hourly snapshots on each day.Weekly Rewards = (7-day average of the Qualifying Balance * Effective APR on the distribution day * 7) / 365 After each weekly distribution, the effective APR for that period will be updated in this announcement. In determining the effective APR on the distribution day, Binance will take into account a number of factors, including, without limitation: Minimum recorded amount of Open Interest per day;Lowest balance of the snapshots each day;The daily aggregated amount of Qualifying Balances across all eligible holders of USD1;7-day average across all eligible holders of USD1 For USD1 acquired through borrowing other stablecoins: Eligible balance in Margin Account = USD1 Balance Before Leverage + Leveraged Amount * (1 - 70%): USD1 Balance before Leverage = MAX [USD1 Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Leveraged Amount = USD1 Balance in Margin Account - MAX [USD1 Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Note: ”Other Stablecoins” include USDT, USDC, U, RLUSD, FDUSD. PeriodEffective Base APREffective Boosted APR (1.2x)WLFI Token Value1st Distribution on 2026-09-11Reward Period: 2026-09-04 00:00 (UTC) to 2026-09-11 00:00 (UTC)To be updated on 2026-09-11To be updated on 2026-09-11To be updated on 2026-09-112nd Distribution on 2026-09-18Reward Period: 2026-09-11 00:00 (UTC) to 2026-09-18 00:00 (UTC)To be updated on 2026-09-18To be updated on 2026-09-18To be updated on 2026-09-183rd Distribution on 2026-09-25Reward Period: 2026-09-18 00:00 (UTC) to 2026-09-25 00:00 (UTC)To be updated on 2026-09-25To be updated on 2026-09-25To be updated on 2026-09-254th Distribution on 2026-10-02Reward Period: 2026-09-25 00:00 (UTC) to 2026-10-02 00:00 (UTC)To be updated on 2026-10-02To be updated on 2026-10-02To be updated on 2026-10-02 Case examples: User A’s Daily Open Interest on USD1 Futures pair from Day 1 to Day 6 is maintained at 1,500 USD1, Day 7 at 100 USD1. Throughout the 7 days, the user holds 10,000 USD1 in Spot and 20,000 USD1 as collateral in Margin, and effective base APR is 20%, effective boosted APR is 24%, User A's rewards due to be received at the end of 7 days will be as follows[(10,000 * 20% * 7) / 365] + [(20,000 * 24% * 6) / 365] + [(20,000 * 20% * 1) / 365] = 128.21 USD worth of WLFIUser B’s Daily Open Interest on the USD1 Futures pair is maintained at 1,500 USD1 throughout week 1. The user borrowed 5,000 USD1 from VIP loan or Margin (“liabilities”). Among this borrowed 5,000 USD1, 4,000 USD1 was used as collateral in Margin, the remaining 1,000 USD1 was held in their Spot Account in week 1. The effective base APR is 20%, effective boosted APR is 24%, User B’s rewards due to be received at the end of week 1 will be as follows:Qualifying Balance = 0 [(0 * 20% * 7) / 365] + [(0 * 24% * 7) / 365] = 0 USD worth of WLFIUser C’s Daily Open Interest throughout Week 1 was maintained at 100 USD1. The user had 1,000 USD1 in the Margin Account and used it as collateral to borrow 4,000 USDT through Margin (“Liabilities of the other Stablecoins”), then converted this 4,000 USDT to USD1. The user now holds 5,000 USD1 in Margin (“USD1 Balance”) in week 1. The effective base APR is 20%, effective boosted APR is 24%, User C’s rewards due to be received at the end of week 1 will be as follows:Since Daily Open Interest < 300, User C doesn’t qualify for 1.2x bonus rewards. Qualifying Balance = MAX [5,000 - 4,000, 0] + {5,000 - MAX[5,000 - 4,000, 0] } * (1 - 70%) = 1,000 + (5,000 - 1,000) * (1 - 70%) = 2,200[(2,200 * 20% * 7) / 365] = 8.43 USD worth of WLFI Important Notes: Snapshots of user’s Open Interest will be taken at any point of time each hour to get users’ hourly Open Interest. The lowest USD1 Open Interest captured during those snapshots on each day will constitute their Daily Open Interest. If the Daily Open Interest is lower than 300 USD1 for a specific day, then for that day the user won’t receive 1.2x bonus rewards.Users’ USD1 Qualifying Balance will be calculated as net assets (assets minus liabilities). USD1 as liabilities (e.g., borrowed from VIP loans, Margin loan, etc.) will be excluded from the Qualifying Balance for this campaign. Snapshots of user balances and total qualifying balances will be taken at any point of time each hour to get users’ hourly balances in the above mentioned account categories. The lowest USD1 balance captured during those snapshots on each day will constitute their Qualifying Balance and be used to calculate their rewardsFor example, a user’s lowest USD1 balance captured on 2026-08-13 is zero, then their qualifying balance for that day is zero. At any snapshot time, any one of users’ supported assets must be greater than 0.01 USD1 to be included in the calculation.Users are recommended to maintain their USD1 holding throughout the Campaign Period to maximize their rewards. Rewards distributed are rounded down to 2 decimal places. Rewards of sub-accounts will be distributed to the Spot Account of corresponding sub-accounts. Kindly note that the distribution time is not guaranteed and may change from time to time.There is no individual cap on rewards. Users’ rewards depend on their qualifying balance relative to the total qualifying balance of all eligible users and other factors. Stay tuned for weekly reward distributions and updates on the Campaign. Terms and Conditions: Users may not be eligible for rewards if there are active restrictions on their accounts.WLFI token value for airdrop distribution will be based on the official Binance market closing price one day before the airdrop distribution day.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly balances in the aforementioned account categories. The lowest USD1 balance captured during those snapshots on each day will constitute the user’s Qualifying Balance and be used to calculate their rewards.At any snapshot time, any one of users’ supported assets must be greater than 0.01 USD1 to be included in the calculation.Broker accounts are not eligible for this campaign. Binance reserves the right to periodically update the rules to accommodate changes in legal, regulatory, or other factors.Users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in the campaign. Currently, users residing in the following countries or regions will not be able to participate in the USD1 campaign (notwithstanding that they may hold USD1): Åland Islands (Finland), Austria, Belgium, Bulgaria, Canada, Crimea (Ukraine – disputed territory), Croatia, Cyprus, Czech Republic, Denmark, Democratic People’s Republic of Korea, Donetsk People’s Republic, Estonia, Faroe Islands, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Ireland, Isle of Man, Islamic Republic of Iran, Italy, Japan, Latvia, Lithuania, Luhansk People’s Republic, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Poland, Portugal, Republic of Cuba, Réunion, Romania, Russian Federation, Saint Martin (French part), Slovakia, Slovenia, Spain, Sweden, United Kingdom, United States of America and its territories.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.For clarity, references to “USD1” in the content above are not direct acronyms of the “United States Dollar” fiat currency unless otherwise specified.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.Binance reserves the right to suspend any user's Margin borrowing at any time, without prior notice, in its sole discretion, if any abnormal or suspicious activity is detected.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-09-03 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The APR is calculated weekly, and is expressed as an annualised percentage yield for illustrative purposes only. Each APR is not indicative of future results. The APR is likely to fluctuate week-to-week and the estimated rewards may differ from the actual rewards generated. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. 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 our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.