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)

Joe Burnett, head of strategy at Bitcoin treasury firm Semler Scientific, wrote on the X platform that the market is currently at the end of what Ray Dalio calls a long-term debt cycle, meaning stocks are being bid up to extreme valuations, real estate is being bid up to extreme valuations, and fixed income products are also at extreme valuations. The ultimate result of a long-term debt cycle is the devaluation of fiat currencies. The only way out is hard currency. Gold was the hardest currency in the past, and Bitcoin is the hardest currency now. Bitcoin has the potential to completely destroy all other asset classes.

At the 2025 Taipei Blockchain Week (TBW) roundtable discussion, "Building a Key Piece of the Blockchain Payment Puzzle: The Opportunities and Challenges of Stablecoins," MyStonks Chief Marketing Officer Keaton Hu shared his views on the future development of stablecoins. He stated, "Since its launch, the MyStonks platform has achieved daily trading volume exceeding $200 million in just five months, and the growth of stablecoins has played a role in this success. Unlike traditional brokerages that incur high fees of up to 1% for multi-fiat currency conversions, stablecoins like USDT and USDC enable virtually frictionless on-chain transactions, significantly reducing costs. Stablecoins not only improve efficiency but also enable global investors to participate equally in trading US stocks, US bonds, and leading stocks from various countries, truly bringing global assets online. Stablecoins for specific verticals hold unique potential, such as cross-border trade settlement stablecoins or innovative stablecoins with interest-bearing features, which will create differentiated competitive advantages in the future. The coexistence of multiple stablecoins is not a flaw, but an inevitable requirement of a decentralized ecosystem."

OKX market data shows that BTC has broken through 111,000 USDT and is currently trading at 111,014.7 USDT, a 24-hour increase of 0.19%. (This newsletter is generated by AI)

Democratic Senator Elizabeth Warren has again lambasted President Trump, accusing him of failing to deliver on his promises to reduce inflation, while her family's cryptocurrency business is said to have boosted their wealth by billions. In a video posted on the X website, Warren said, "What's shocking to everyone is that Trump is actually a massive liar." She pointed out rising prices for food, gas, school supplies, and even strollers. She accused Trump of betraying ordinary working families: "Instead of lowering grocery prices, Trump has played a red light, green light game with tariffs, effectively raising the cost of shopping for you." Warren specifically cited a report that stated the Trump family's stake in the World Freedom Financial Corporation token surged in value after the token went public, adding an estimated $5 billion to their paper wealth. "Trump has profited handsomely from his presidency, while you're paying higher fees. This is a betrayal, and we will never let him succeed," Warren added. (Zhitong Finance)

Building, an Ethereum-based hackathon platform, announced on the X platform that it has been acquired by HackQuest, a Web 3 developer education platform. The specific purchase price has not been disclosed. Following the acquisition, the two parties will reportedly collaborate on hackathons to support the community.

Egyptian blockchain fintech company Munify announced the completion of a $3 million seed round, with participation from strategic investors such as BYLD and Grayscale's parent company, Digital Currency Group. The company leverages blockchain technology to provide individuals and businesses with instant multi-currency sending and receiving services, and has launched a virtual card backed by stablecoins. Currently operating in the US, UK, Europe, and the Gulf Cooperation Council (GCC) member states, the new funds will be used to expand into other markets and expand its compliance team. (laraontheblock)

The Singapore Police Force released fraud and cybercrime data for the first half of 2025, revealing new trends in scams involving cryptocurrency. Cryptocurrency accounts for 17.9% of total losses in fraud cases. The three currencies with the highest losses were Tether (approximately 46.8 million Singapore dollars), Bitcoin (approximately 20 million Singapore dollars), and Ethereum (approximately 7.6 million Singapore dollars), accounting for a combined 91.2% of cryptocurrency losses. The majority of cryptocurrency victims were aged 30 to 49. The most common scams involved job hunting, investment, and impersonating government officials. Most victims were tricked into opening cryptocurrency accounts, while others were deceived into clicking on phishing links or being tricked into revealing their seed phrases. (Lianhe Zaobao)

Stablecoin infrastructure company Paxos has submitted a proposal to launch USDH, a compliant stablecoin within the Hyperliquid ecosystem, in compliance with the GENIUS Act and MiCA regulatory standards. The announcement states that 95% of the interest generated by USDH reserves will be used to repurchase HYPE tokens and distribute them to users, validators, and partner agreements. The initiative is led by Paxos Labs, a newly established Paxos division, which has acquired Molecular Labs, the developer of Hyperliquid's foundational components LHYPE and WHLP. USDH will be deployed on the HyperEVM and HyperCore chains, aiming to attract institutional and mainstream fintech platforms by connecting to global banking channels and compliance systems. Paxos also stated that it will integrate HYPE into its brokerage infrastructure, which already provides crypto services for PayPal, Venmo, and MercadoLibre. According to DefiLlama data, Hyperliquid holds a 70% share of the decentralized perpetual futures market, with a trading volume of nearly $400 billion and revenue exceeding $106 million last month. (Cointelegraph)

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?

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).