According to crypto analyst Ember (@EmberCN), a whale address that appeared on the Trump dinner rankings under the username "ivo" withdrew 1 billion PUMP tokens (approximately $8.51 million) from Bybit five hours ago. Its total holdings now stand at 5 billion PUMP tokens (approximately $39.42 million), with a profit of approximately $19.65 million, doubling its holdings. This address had already accumulated 4 billion TRUMP tokens a month prior. Combined with this transaction, its average PUMP holdings are worth $0.00395.

According to a U.S. government official, BlackRock executive Rick Rieder continues to rise in the rankings of contenders to succeed him as Federal Reserve chairman. The official, who requested anonymity to discuss private meetings, said U.S. Treasury Secretary Benson & Co. held a wide-ranging, two-hour interview with Rieder in New York last Friday, discussing topics including monetary policy, the Fed's organizational structure, and regulatory policies. The official emphasized that the selection process is ongoing, with Benson & Co. interviewing four of the 11 open candidates and expecting one or two new candidates to be considered. A source familiar with the Treasury secretary's thinking said Benson & Co. was impressed by Rieder's extensive experience managing large teams in financial markets and his deep understanding of micro and macroeconomics. The source said Rieder would bring a steady hand and deep knowledge of non-bank financial institutions to the helm. Earlier this week, Reed told CNBC that, based on his reading of economic indicators, he believed the Fed should cut interest rates by 50 basis points—double the amount widely expected at this week's FOMC meeting. (Golden Ten)

Following the announcement of the community voting results, Native Markets, which submitted a proposal for the issuance and management of the Hyperliquid USD stablecoin (USDH), announced its successful claim to the USDH token symbol. Founder Max Fiege stated that the project will release its first Hyperliquid Improvement Proposal (HIP) and simultaneously launch an Ethereum-based ERC-20 token in the coming days. He explained that the initial phase will be a testing phase, with a single minting and redemption limit of $800, available only to a select group of users. Subsequently, the USDH/USDC spot trading pair will be launched, with unlimited minting and redemption. Previously, synthetic stablecoin issuer Ethena announced its withdrawal from the competition last Thursday, causing Native Markets' probability of selection to soar to over 99% on Saturday according to Polymarket's prediction market. The USDH token symbol race has garnered widespread attention from the community and industry, sparking discussion about the fairness of the selection process and the future of the stablecoin industry. (The Block)

OKX market data shows that SOL has fallen below 240 USDT, currently trading at 239.94 USDT, a 24-hour drop of 1.16%. (This newsletter was generated with AI assistance)

OKX market data shows that BTC has broken through 116,000 USDT and is currently trading at 116,013 USDT, a 24-hour increase of 0.05%. (This newsletter is generated by AI)

OKX market data shows that PUMP rose above $0.008994, setting a new historical high. It is currently trading at $0.008642, with a daily increase of more than 38%.

On-chain data shows that the price of CUDIS briefly exceeded 0.17 USDT, and has now fallen back to 0.169 USDT, with a 24-hour increase of 77.97%, and the market value is temporarily reported to be around 87 million US dollars.

Pump.fun co-founder Alon posted that initially, outsiders believed Meme Coin trading was unsustainable, then claimed no one would livestream on Pump.fun, and now, there are doubts about the sustainability of its livestreaming feature. He responded that Pump.fun's streaming feature is growing rapidly and remains confident in its future development.

OKX market data shows that BTC has broken through 116,000 USDT and is currently trading at 116,005.8 USDT, a 24-hour increase of 0.35%. (This newsletter is generated by AI)

According to crypto analyst Ember (@EmberCN), the whale/institutional address HQm 5...DFZ 1 transferred 1.83 billion PUMP (approximately $14.35 million) to OKX two hours ago, effectively clearing the address. This address previously acquired 2.5 billion PUMP via a 10 million USDT private placement at an average cost of $0.004. The address recently transferred all of the tokens to the exchange at an average price of $0.00725, generating a cumulative profit of approximately $8.14 million.

Anyone can verify TVL through the contract, but for RWA, such verification is impossible.

In a move that could reshape the balance of power in artificial intelligence, Microsoft and OpenAI have signed a new non-binding agreement that redefines their multi-billion-dollar partnership and the very structure of OpenAI itself.

Pump.fun has brought back its Solana livestreaming feature after a 2024 shutdown caused by unsafe broadcasts, including staged self-harm. With stricter moderation and a new revenue-sharing model, the platform is rapidly attracting creators and generating millions in weekly fees.

The short-term goal of Bitcoin Treasury is to generate Bitcoin income, and the long-term goal is to develop into a full-reserve institution based on Bitcoin.

As 2025 progresses, the global economy is facing increasing pressure, with various indicators pointing to a potential crisis looming.

The future of finance is being built, and real-world applications are being implemented step by step. Figure's IPO journey clearly demonstrates this vision.

Golden Finance has launched the 2817th issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

The Web3 world is full of innovation and opportunities, but the widespread use of USDT also brings unprecedented money laundering risks.

PUMP contract holdings exceed $1 billion, causing turmoil in the crypto market?

The global financial and crypto sectors have been particularly lively recently: traditional exchange giants are promoting the implementation of tokenized securities, the crypto industry is intensively submitting compliance products, even the rich list has staged an "hourly" reversal, and Trump has relied on crypto assets to achieve a surge in wealth.