According to Foresight News, the U.S. Securities and Exchange Commission (SEC) is set to hold a roundtable discussion on the trade-through rule at its Washington headquarters on September 18. The event will feature opening remarks from SEC Commissioners Caroline Crenshaw and Hester Peirce, along with Jamie Selway, the Director of the Division of Trading and Markets. SEC Chairman Paul S. Atkins is also scheduled to deliver a speech. The roundtable will include three panel discussions focusing on the experiences of market participants over the past two decades, the role of the trade-through prohibition in the current market structure, and potential future developments. The discussions aim to provide insights into the effectiveness and impact of the trade-through rule, which is designed to ensure that investors receive the best possible price when executing trades. This event is part of the SEC's ongoing efforts to evaluate and enhance market regulations to better serve investors and maintain fair and efficient markets.

According to TechFlow, on August 28, blockchain analytics platform Lookonchain reported that investor James Wynn utilized his remaining funds to engage in a high-risk trade involving Dogecoin (DOGE). Wynn employed a 10x leverage strategy, opening his position at a price of $0.21298 per DOGE, with a liquidation price set at $0.20989. This move highlights the volatile nature of cryptocurrency trading, where investors often take significant risks in pursuit of potential gains.

According to BlockBeats, Circle has announced a collaboration with Mastercard and Finastra to integrate stablecoin settlement capabilities into mainstream finance, aiming to further incorporate USDC into the global payments sector. Mastercard revealed on Wednesday that it will enable acquiring institutions and merchants in Eastern Europe, the Middle East, and Africa to settle transactions using USDC and EURC. Arab Financial Services and Eazy Financial Services will be the first to adopt this service, marking Mastercard's initial offering of stablecoin settlement services in the region. London-based financial software provider Finastra also announced on Wednesday the integration of USDC into its Global PAYplus platform, which processes over $5 trillion in cross-border transactions daily. Circle stated that this integration will allow banks in 50 countries to use USDC for international payment settlements, even if the payment instructions are still denominated in fiat currency.

According to BlockBeats, an on-chain analyst known as Ai Yi (@ai_9684xtpa) has reported that a whale investor's Ethereum (ETH) long position has incurred a loss of $72,000. The investor initially placed a $125,000 rolling long position on ETH, but now only $58,000 remains on the books. After ETH surged to $4,664 last night, it subsequently fell this morning, forcing the investor to reduce their position in stages to avoid liquidation. Despite these efforts, the investor still holds a 25x leveraged ETH long position valued at $1.79 million. Due to limited available margin, the investor's options for recovery are constrained, leaving them with minimal room for liquidation.

According to Foresight News, an on-chain analyst known as Yu Jin has reported that a significant whale investor has been increasing their Ethereum holdings over the past two days. This investor, who previously sold HYPE tokens to open long positions in Ethereum, now holds a position valued at $392 million, equivalent to 86,800 ETH. The opening price for these positions was $4,608, with a liquidation price set at $4,342. Currently, the investor is experiencing an unrealized loss of approximately $8 million.

According to PANews, the newly established hedge fund advisory firm Falconedge in the United Kingdom has completed pre-IPO financing and intends to allocate nearly all proceeds from its September IPO to Bitcoin reserves. The company employs a dual-pillar strategy, offering Bitcoin reserve management alongside hedge fund advisory services, aiming to attract investors from both traditional finance and the crypto asset sectors. Falconedge continues the legacy of Falcon Investment Management, which previously managed over $850 million in crypto assets and launched the first regulated crypto fund in the UK.

According to PANews, the Avalanche Foundation has revealed the recipients of the second round of funding under the Retro9000 initiative. A total of eight projects have been awarded over $250,000 in grants. These projects, which are already operational on the Avalanche mainnet, aim to advance the ecosystem across various sectors, including Layer 1 blockchain and infrastructure tool development. The funded projects include Artery Chain, which focuses on AI-native Web3 gaming ecosystems with gas-free transactions and unified token economies; CodeNekt, which is developing a blockchain for vehicle identity and lifecycle management with deployed vehicle NFT smart contracts; Tixbase, which is creating blockchain-based ticketing solutions; zeroone, dedicated to innovative Avalanche Layer 1 blockchain development; NUMINE, providing infrastructure tools related to mining pools; Letsbuyhealthcare, exploring blockchain applications in healthcare; Bango, building developer tools for the Avalanche ecosystem; and Quboid, developing infrastructure tools supporting the Avalanche ecosystem. The foundation has stated that grant distribution requires completion of KYB and KYC processes, and they have contacted each project to coordinate subsequent steps. The Retro9000 initiative will continue to support projects with significant progress, with the next snapshot scheduled for October 14, 2025.

According to PANews, Pump Fun has announced that from August 20 to August 26, the company purchased PUMP tokens worth $10,657,503. This acquisition represents 99.32% of its total revenue for the same period. To date, Pump Fun has accumulated PUMP tokens totaling $58,134,191, effectively offsetting 4.261% of the circulating supply.

According to BlockBeats, Nvidia reported a revenue of $46.7 billion for the second quarter of its fiscal year 2026, surpassing market expectations of $46 billion. The company also approved an additional $60 billion stock buyback. Nvidia provided a modest revenue forecast of $54 billion, with a 2% variance for the third fiscal quarter, compared to market expectations of $53.46 billion. This has raised concerns about a potential slowdown in spending within the artificial intelligence sector. Following the earnings report, Nvidia's stock initially fell by 5% in after-hours trading and is currently down by 3.14%. This pattern is typical for Nvidia's earnings announcements, where stock prices often rise before and during trading hours based on expectations, but fall if results do not significantly exceed those expectations. The decline in Nvidia's stock has also impacted the cryptocurrency market. Bitcoin dropped by 1.25%, briefly falling below $111,000, and is currently priced at $111,405. Ethereum also experienced a decline, reaching $4,482 at one point and is now at $4,513, showing slightly weaker performance compared to Bitcoin.

波动是我们持有加密货币所要付出的代价，但付出这个代价是值得的。

Circle, Mastercard, and Finastra integrate USDC for global payment settlements, expanding stablecoin use. source: https://coincu.com/358262-circle-mastercard-stablecoin-settlement

金色财经推出加密货币和区块链行业早报《金色早8点》2799期，为您提供最新、最快的数字货币和区块链行业新闻。

Coinbase 面临的竞争挑战与时代机遇是并存的。

金色财经推出《金色Web3.0日报》，为您提供最新、最快的MEME、DeFi、DAO、NFT和元宇宙行业新闻。

对投机者而言：追逐的是涨幅更大，而不是谁持有更多比特币。我将系统性的、完整的拆解微策略的全部结构，回答那些流传已久的问题。

微观视角分析微观层面稳定币各参与方的动机和行为模式。

今日晚间推荐阅读：1.“抢购”成为共识 长期ETH市值将超越BTC；2.HYPE 的未来是三年内上涨 126 倍吗？3.特朗普大战美联储 币圈“遭殃”；

特朗普,美联储,特朗普大战美联储 币圈“遭殃” 金色财经,特朗普终于对美联储下手。

美联储可能在9月降息，并暗示未来可能有更多宽松政策。在这波狂热背后，市场正面临复杂的宏观经济环境。美股后期会如何？

降息不是是否的问题，而是节奏与力度的问题。Q4 的资金轮动，或许才是行情真正的爆点。