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%.

According to SoSoValue data, as of September 15, 2025, Eastern Time, global listed companies (excluding mining companies) invested a total net $69.47 million in Bitcoin last week. Strategy (formerly MicroStrategy) invested $60.2 million last week, increasing its holdings by 525 Bitcoins at a price of $114,562, bringing its total holdings to 638,985. Japanese listed company Metaplanet suspended Bitcoin purchases last week. Three other companies also made new Bitcoin purchases last week. On September 11th, Japanese clothing company ANAP invested $3.47 million to acquire 29.58 BTC at a price of $117,373.9, bringing its total holdings to 1,047.56. British digital advertising company The Smarter Web invested $3.4 million on September 10th to acquire 30 BTC at a price of $112,846, bringing its total holdings to 2,470. Swedish medical company H 100 invested $2.4 million on September 10th to acquire 21 BTC at a price of $115,008, bringing its total holdings to 1,025.66. On September 11th, Metaplanet announced that it would raise approximately 212.9 billion yen (approximately $1.444 billion) through an international offering. Of this, 86% will be used to purchase Bitcoin between September and October, and 14% will be invested in Bitcoin-generating businesses. As of press time, the total number of Bitcoins held by listed companies worldwide (excluding mining companies) is 850,030, with a current market value of approximately $97.65 billion, representing 4.27% of Bitcoin's circulating market capitalization.

MyStonks data shows that Helius (HSDT), a US-listed company that recently announced its transformation into a SOL Treasury company, saw its stock surge 270% in pre-market trading. Notably, the company's previous closing price was just $7.56, with a market capitalization of just $8.14 million. Earlier news broke that Helius Medical Technologies (NASDAQ: HSDT) announced a major strategic transformation, transforming into a SOL Treasury company through a private equity investment exceeding $500 million. This PIPE (Private Equity Partnership), led by Pantera Capital and Summer Capital, was oversubscribed and included the sale of common stock at $6.881 per share and accompanying warrants at $10.134 each. If fully exercised, the warrants are expected to raise over $1.25 billion.

Trump wrote on Truth Social that companies should no longer be forced to report quarterly, subject to approval by the U.S. Securities and Exchange Commission (SEC). Instead, they should report every six months. This would save money and allow managers to focus on running the company properly. (Jinshi)

Market news: HELIUS has successfully completed over US$500 million in financing, with partners including Pantera Capital and Summer Capital, and established the Solana treasury company PRN based on this.

Recommended reading tonight: 1. The Federal Reserve's interest rate meeting is approaching: Why a cautious 25bp cut is more likely; 2. Coinbase: The Fed will cut rates by 25 basis points; DAT "premium" is disappearing; 3. A guide to avoiding pitfalls in altcoin DAT investments;

Federal Reserve, market, interest rate cut, the Federal Reserve interest rate meeting is approaching. Why is it more likely to be a cautious 25bp cut? Golden Finance, reduce leverage, and at the same time be prepared to buy the bottom when the market goes down.

Sam Bankman-Fried, the former CEO of collapsed crypto giant FTX, will have his highly anticipated appeal heard by the U.S. Second Circuit Court of Appeals on November 4, 2025—nearly two years after being convicted on seven felony counts and sentenced to 25 years in federal prison.

OKX has launched a new platform allowing Australian SMSF trustees to invest in cryptocurrencies like Bitcoin and Ethereum within their retirement portfolios. The service provides secure custody, compliance tools, and reporting features, targeting both experienced and new trustees amid growing crypto adoption in SMSFs.

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