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%.

Societe Generale analysts believe the Fed's moderately restrictive stance has persisted for too long and is posing a risk of "overtightening." Therefore, while concerns remain about inflation stickiness, the risk balance within the Fed's dual mandate (employment and inflation) has tilted toward employment, necessitating a more drastic policy adjustment (i.e., a 50 basis point rate cut). They are not alone in this view; Standard Chartered is the only other institution predicting a 50 basis point rate cut this week. However, it's important to note that this view contradicts current market pricing and consensus expectations, which are for a 25 basis point rate cut. As previously mentioned, traders currently rank the probability of a 50 basis point Fed rate cut at only approximately 4%. (Jinshi)

The US Senate will vote on Milan's nomination to the Federal Reserve Board on Monday evening. According to the Senate calendar, senators will hold a procedural vote at 5:30 PM local time (5:30 AM Beijing Time on the 16th), with the final confirmation vote beginning at approximately 8:00 PM (8:00 AM Beijing Time on the 16th). If all formalities are completed successfully (confirmation of nomination, paperwork, and swearing-in), Milan could potentially participate in the Federal Reserve's interest rate meeting, which begins this Tuesday. However, it remains uncertain whether he will be sworn in quickly enough to participate in the meeting. The time from Senate approval to swearing-in typically takes several days, but there have been precedents where some governors have participated in FOMC meetings just one day after their nominations were confirmed. (Jinshi)

According to an official announcement, Bithumb will list Boundless (ZKC) trading pairs against the Korean won.

According to the official announcement, Upbit will list Boundless (ZKC) trading pairs with Korean Won, BTC, and USDT.

The global crypto market is approaching $4 trillion in size and appears to be teeming with opportunities. However, newcomers who want to complete their first consumer-to-consumer transaction are often discouraged by reality.

The future development direction of the forecast market will most likely be a "two-pronged approach".

Galaxy Digital led a major buying spree, acquiring 6.5 million Solana (SOL) tokens worth $1.55 billion over five days, pushing Solana’s price above $240. The firm also partnered with Multicoin Capital and Jump Crypto to fund Forward Industries’ Solana treasury strategy, driving strong investor interest and boosting the company’s shares.

Tron’s bold move to slash transaction fees has come at a steep price. In just 10 days, the blockchain saw its daily network revenue collapse by 64%, a blow that marks its lowest earnings level in more than a year.

At the Bitcoin Asia 2025 conference held in Hong Kong, CZ reviewed the evolution of Bitcoin over the past decade and shared his views on the current wave of institutionalization in the industry.

Macro liquidity plays a greater role in shaping risk appetite than protocol-specific fundamentals

As the "attention economy" declines, information itself is becoming an asset. This article explains why the information market is crucial, who are the leaders, and how to prepare for it.

What are the new highlights of USAT? What is the significance of Tether's move?

For the first 15 years after the advent of cryptocurrencies, American institutional investors could only watch helplessly as the market rose and fell in the violent swings of boom and bust.

Pakistan is inviting major global cryptocurrency firms to operate under a new federal framework, offering licences only to companies already regulated in leading markets. The move aims to formalise the country’s \$300 billion crypto market, attract investment, and modernise the financial system, but faces challenges from energy limits and international concerns.