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)

US President Trump: I think I know who I'm going to pick for Federal Reserve Chairman. White House National Economic Council Director Hassett is one of three possible candidates. Hassett is one of three or four possible candidates for the Fed Chair position.

Strategy, founded by Michael Saylor, failed to enter the S&P 500 index.

Market news: Trump hinted that the candidate for Federal Reserve Chairman will be announced soon.

A rule change, scheduled for consideration early next week, if approved by the Republican-controlled Senate, would expedite the confirmation process for President Trump's nominees to the Federal Reserve Board, a Senate Republican aide said Friday. Trump has nominated Stephen Milan to fill a vacant seat on the Federal Reserve Board. If the Senate approves the rule change governing the handling of Trump's nominees in a timely manner, Milan could be appointed before the Federal Open Market Committee's interest rate-setting meeting on September 16-17.

On September 5th, US President Trump signed several executive orders in the Oval Office of the White House, including one allowing the Department of Defense to use the title "Department of War" in official settings. Trump stated, "I think it's a more appropriate name, especially considering the current state of the world." The White House emphasized that this move does not change the Department of Defense's legal name, but rather gives it a historical secondary title to strengthen its military identity.

Ethena Labs announced in a post on X that StablecoinX, the ENA treasury, has raised an additional $530 million as part of its ENA accumulation strategy. StablecoinX has now raised approximately $895 million through PIPE financing and expects to hold over 3 billion ENA on its balance sheet upon completion. A subsidiary of the Ethena Foundation will use the proceeds from this PIPE to initiate a buyback program of approximately $310 million in ENA, expected to be executed by third-party market makers over the next six to eight weeks. The buyback represents approximately 13% of the circulating supply. This follows the completion of the first round of PIPE financing, which cumulatively purchased approximately 7.3% of the circulating supply. The newly added repurchase deployment plan is: when the ENA price is higher than US$0.70, US$5 million will be repurchased daily; when the price is lower than US$0.70 or falls by more than 5% within 24 hours, US$10 million will be repurchased daily.

Spot gold rose 1.5% to a high of $3,600.15 per ounce, setting a new record high. So far this year, spot gold has risen by $976, a 37% increase.

According to Cointelegraph, the Bitcoin (BTC) mining difficulty has surged to a new all-time high of 134.7 trillion, marking a significant milestone for the network. This increase in difficulty comes after a previous peak in August, with expectations that it would decline proving inaccurate. Despite the rising difficulty, Bitcoin's hashrate has decreased to 967 billion hashes per second, down from the record high of over 1 trillion hashes per second observed on August 4, as reported by CryptoQuant. The heightened difficulty level has intensified the operational challenges faced by large mining firms, which already operate within a highly competitive industry characterized by narrow profit margins. The escalating need for computing power to mine blocks on the Bitcoin network has sparked concerns about the centralization of Bitcoin mining. As the cost of mining continues to rise, there is a growing risk that large corporations and mining pools will dominate the space, potentially sidelining smaller players. Despite the dominance of large entities in the Bitcoin mining sector, small and solo miners continue to find success. Occasionally, these miners manage to mine blocks and secure the 3.125 BTC block reward, valued at over $344,000 at the time of writing. Notably, three solo miners achieved this feat by adding blocks to the Bitcoin ledger in July and August. On July 3, the first miner added block 903,883, earning nearly $350,000 in block subsidy rewards and priority fees paid by network participants. The second solo miner added block 907,283 on July 26, claiming over $373,000 in rewards based on Bitcoin prices at that time. Another solo miner mined block 910,440 on August 17, securing $373,000 in block subsidy rewards and network fees. All three miners utilized the Solo CK pool, a solo mining pool service.

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?

Trump promised that his policies would revive the labor market. But there were other factors he failed to consider.

Do we ordinary retail investors have the opportunity to buy shares in these high-quality unlisted companies?

Professors from New York University and Columbia University debated the feasibility of Ethereum carrying trillions of real-world assets (RWA).

Meme, projects, project investment, which meme coins have the strongest "base"? Golden Finance, we aim to answer this question using on-chain data.

Hong Kong's Stablecoin Ordinance came into effect on August 1. As of the end of August, the Hong Kong Monetary Authority had received 77 applications for stablecoin issuer licenses, with applicants covering banks, technology companies, securities/asset management companies and other fields.

Hong Kong's stablecoin market has ushered in a historic moment, with 77 financial institutions and technology giants competing for scarce licenses, and a competition to reshape the digital financial landscape is underway.

The author hopes to help everyone quickly get started with DeFi, and analyze the benefits and risks of different strategies based on the real-time data of DeFi giants.

Cryptocurrency, payment, stablecoin, encrypted payment and personal freedom Golden Finance, encrypted payment, defending personal freedom and breaking the shackles of centralization.