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)

In late August, Bitcoin's illiquid supply (the amount of Bitcoin held by entities with little to no spending history) exceeded 14.3 million BTC, a new all-time high. Over the past 30 days, the net increase in illiquid supply has reached 20,000 BTC. Of the 19.9 million BTC currently in circulation, approximately 72% of the total supply is illiquid, held by long-term holders and cold storage investors. This increase highlights the continued accumulation trend even during recent market volatility. In mid-August, Bitcoin reached an all-time high of $124,000 before retracing approximately 15%. Despite the price correction, the continued rise in illiquid supply suggests that holders are not selling in response to short-term corrections. (Coindesk)

Hassett, director of the White House National Economic Council, said the independence of the Federal Reserve has been questioned and that he has no plans to reform the Federal Reserve. (Jinshi)

Bitcoin creator Satoshi Nakamoto has been in hiding since leaving his final words in 2011, "I've moved on to other things." However, Joseph Chalom, co-CEO of SharpLink Gaming, has made a bold claim: Nakamoto could resurface if Bitcoin faces an existential threat from quantum computing. (Decrypt)

This week in crypto market: Ripple shifts $6 billion XRP through escrow as ETF approval odds hit 94%; Bitcoin warned of $100,000 drop after ETFs bleed $400 million in 2 days; SHIB coin eyes breakout with community fueling 'Sparktember' rally hype source: https://u.today/6-billion-ripples-xrp-transfers-and-etf-hype-bitcoin-btc-faces-100000-crash-debate-shiba-inu-shib

null source: https://x.com/BTC_Archive/status/1964709274333913090

Goldman Sachs is putting down up to $1 billion for a 3. 5% stake in asset manager T. Rowe Price, the firm confirmed Thursday, according to Yahoo Finance. The goal is to flood the retirement market with access to private assets (stuff like real estate, infrastructure, credit, and private equity) things that were once only offered […] source: https://www.cryptopolitan.com/goldman-t-rowe-wall-street-retirement-cash/

With a September Federal Reserve rate cut all but certain, options traders are widely betting on a stable stock market ahead of Thursday's CPI data. However, this bet could be risky if the data shows rising inflation. The market's rationale for a rate cut is straightforward: US job growth is stagnant and the economy needs stimulus. Friday's weak jobs data reinforced this expectation, prompting investors to fully price in a 25 basis point rate cut from the Fed next week. The market's reaction has been muted: US stocks fell slightly on Friday, and the fear gauge edged up slightly, but remains well below the critical 20 level, where it has mostly remained since June. Looking ahead, options traders are betting on a two-way swing of about 0.7% for the S&P 500 following Thursday's CPI release, below the average realized swing of 1% over the past year. However, this trade ignores a key risk: what if inflation data significantly exceeds expectations? "The balance is very delicate right now," said Eric Teal, chief investment officer at Comerica Wealth Management. "Any data that is very positive or very negative could change the market outlook." (Jinshi)

null source: https://x.com/BTC_Archive/status/1964706469099569388

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?