OKX market data shows that SOL has fallen below 200 USDT, currently trading at 199.99 USDT, a 24-hour drop of 1.66%. (This newsletter was generated with AI assistance)

OKX market data shows that BTC has fallen below 110,000 USDT, currently trading at 109,983.5 USDT, a 24-hour drop of 0.6%. (This newsletter was generated with AI assistance)

1. The Trump family issued cryptocurrencies to amass $5 billion in wealth and was criticized by US senators as "big liars"; 2. Blockchain financial technology company Munify completed a $3 million seed round of financing, with Grayscale's parent company DCG participating in the investment; 3. Singapore Police Force: Tether, BTC and ETH were the three cryptocurrencies with the highest fraud losses in the first half of the year; 4. Paxos proposed to launch a stablecoin USDH for Hyperliquiquit, with most of the proceeds used to repurchase HYPE; 5. Japanese Prime Minister Shigeru Ishiba decided to resign; 6. Data: Bitmine's Ethereum holdings are approximately $8 billion, an increase of 124.1% in the past 30 days; 7. CZ: AI companions are a fast-growing field, let's combine them with cryptocurrencies; 8. Japanese Prime Minister Shigeru Ishiba officially announced his decision to resign as President of the Liberal Democratic Party; 9. Bitcoin's market capitalization is close to twice the combined market capitalization of Mastercard and Visa; 10. Viewpoint: A long-term debt cycle may lead to the devaluation of fiat currencies, and Bitcoin may destroy other asset classes.

Binance Research released its September cryptocurrency trend report, noting that the cryptocurrency market cooled slightly in August, with total market capitalization falling 1.7%. Both Bitcoin and Ethereum retreated from their highs. As capital shifted toward altcoins, Bitcoin's dominance further declined to 57.3%, while Ethereum's dominance rose to 14.2%, with corporate funds beginning to flow into Ethereum. Furthermore, September is historically a weak month for the crypto market, so even with market attention focused on a potential Federal Reserve rate cut, the slowdown in the crypto market is likely to continue in the short term.

MARA Holdings, a Nasdaq-listed Bitcoin mining company, released its unaudited Bitcoin mining update for August 2025, revealing that the company mined 705 BTC in August. As of August 31, 2025, MARA Holdings held a total of 52,477 Bitcoins, with no sales transactions in August. (Globenewswire)

Cipher Mining, a Nasdaq-listed Bitcoin mining company, released its unaudited production and operations update for August 2025, revealing that the company mined 241 BTC in August and sold 42 BTC during the same period, bringing its current Bitcoin holdings to 1,414. Cipher Mining also disclosed that it currently owns 115,000 mining rigs, with a Bitcoin mining hash rate of 23 exahashes per second at the end of the month. (Globenewswire)

The ether.fi Foundation released an update on the ETHFI token buyback on the X platform, disclosing that it had used 73 ETH (approximately $314,000) of protocol revenue to purchase 264,000 ETHFI this week. In addition, approximately 155,000 ETHFI were destroyed and approximately 108,000 ETHFI were distributed to sETHFI holders.

As Venezuela's annual inflation rate soared to 229%, stablecoins such as USDT have become the "de facto" currency in the financial system for millions of Venezuelans. Locals are said to refer to Bitcoin as the "Binance Dollar," while the national currency, the Bolivar, has largely disappeared from daily commercial activities. Hyperinflation, strict capital controls, and a polarized exchange rate landscape have led people to increasingly prefer stablecoins over cash or local bank transfers. From small grocery stores to medium-sized businesses, USDT has replaced fiat cash as the preferred settlement method. (Cointelegraph)

According to Onchain Lens, a whale withdrew 10.366 million DOGE from Binance, worth US$2.25 million. It is reported that these DOGE tokens have been idle in their wallets for two years.

Numerai founder Richard Craib posted on the X platform that due to the unique nature of staking, most websites display incorrect data on NMR's total value locked (TVL). For example, CoinMarketCap shows it at $4 million, but it's actually around $20 million.

The "RWA and Stablecoin" roundtable at the first CRYPTO Raver conference brought together early blockchain practitioners, traditional financial executives, real economy operators, policy researchers and other bigwigs.

As of 2025, the holding structure of Ethereum (ETH) is highly centralized, with the top 10 addresses controlling approximately 61% of the circulating supply, but this is mainly dominated by institutions, contracts, and exchanges, rather than individuals.

The August DApp industry report shows that although overall on-chain activity has cooled, several key areas are still showing strong development momentum.

Good news every day may bring excitement, but if the entry threshold remains high, liquidity remains poor, and consensus remains weak, these positive news will have little impact on most people.

This issue reviews Strategy's DAT business-related content for your reference.

This week, 18 blockchain startups raised a total of $508.7 million. AlloyX Limited secured $350 million in a mergers and acquisitions (M&A) round from Solowin, the largest round of the week.

United States, Cryptocurrency, Federal Reserve, The wave of U.S. bankruptcies in 2025 and its profound impact on the economy and markets Golden Finance, In 2025, the U.S. economy is at a critical crossroads.

Recently, Morph, a public chain project under Bitget, announced the cancellation of its original plan to issue new tokens and instead directly adopt BGB (Bitget platform currency) as the public chain token.

On August 29, 2025, Foton Investment Holding issued RMB 500 million offshore bonds in Hong Kong (with a term of 2 years and a coupon rate of 2.62%). The token is named FTID TOKEN 001 (abbreviated as Fubi), marking a milestone in the digitization of state-owned enterprise bonds.

If decentralization dies once it becomes inconvenient, did it ever really exist?