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%.

OKX market data shows that BTC has fallen below 115,000 USDT, currently trading at 114,996.5 USDT, a 24-hour drop of 0.84%. (This newsletter was generated with AI assistance.)

Bitcoin OG, which previously sold approximately $4 billion worth of BTC for ETH, transferred another 1,176 BTC, worth approximately $136.2 million, to Hyperliquid via two wallets two weeks later. (Cointelegraph)

Pump.fun co-founder @pumpdotfun stated that the average number of concurrent live streams on their platform has surpassed Rumble, and is currently approaching approximately 1% of Twitch's market share and reaching approximately 10% of Kick's market share. He stated that the platform is rapidly gaining market share and will further expand its influence.

According to crypto analyst Ember (@EmberCN), a whale who established a position at $1,626 two years ago transferred 3,000 ETH (approximately $13.99 million) to OKX two hours ago. The whale had purchased a total of 12,315 ETH at the time, and the current price is 1.87 times the initial position price, resulting in a paper profit of over $37 million.

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.

Figure Technology Solutions Inc. (stock code: "FIGR"), a blockchain-based lending company, was listed on the Nasdaq in the United States yesterday.

On the surface, this is because of faster distribution and higher average revenue per user. However, I found a deeper change that most people overlook: AI has completely changed the revenue retention model of consumer software.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry trends.

Thirteen blockchain startups raised a combined $1.7 billion in funding this week. Figure raised $787.5 million in its IPO funding round, the largest of the week.

Golden Finance has launched the 2816th issue of "Golden Morning 8:00", a morning newspaper for the cryptocurrency and blockchain industry, providing you with the latest and fastest digital currency and blockchain industry news.

Bitcoin has Michael Saylor and Ethereum has Tom Lee. These two are undoubtedly the most influential spokespersons in the crypto treasury narrative of this cycle, and are also regarded by the community as the "MLM masters" of BTC and ETH respectively.