Organized by: liec, ChainCatcher
Important Information:
Binance Alpha and Binance Futures will list Hemi (HEMI) on August 29
Multiple whales manipulated the price of XPL and made nearly $38 million in profit in just 1 hour. A user from the 'capture qwatio squad' still lost $2.5 million using a 10% hedging strategy.
BetterBank on PulseChain Suffers Attack, Losses Estimated at $5 Million
Binance airdropped Alpha yesterday at 21:30, the threshold for the first phase is 260 points
Metaplanet Plans to Raise Over $800 Million, Mainly for Increasing Bitcoin Holdings
Hong Kong Digital Asset Listed Companies Association Officially Established, 49 Institutions Selected as Founding Members
US Prosecutors Appeal HashFlare Fraud Case Ruling, Involving $577 Million
Aave Labs Launches Stablecoin Lending Platform Horizon
Important Data Yesterday:
Data: XPL Soared 200% in a Short Time on Hyperliquid, a Whale Earned $16 Million in Just 1 Minute by Going Long and "Clearing Out"
According to @mlmabc monitoring, a wallet address went long on millions of XPL on Hyperliquid after 5:35 this morning, directly clearing the entire order book. He then began to close some of his long positions, earning $16 million in just one minute. XPL soared to $1.8 in 2 minutes, an increase of more than 200%.
He currently still holds 15.2 million XPL (worth approximately $10.2 million), and mlm said, "This is one of the craziest liquidation events I've ever seen on Hyperliquid."
Multiple whales manipulated the price of XPL and made nearly $38 million in profit in just 1 hour. A user from the 'capture qwatio squad' still lost $2.5 million using a 10% hedging strategy.
According to Lookonchain monitoring, by heavily longing XPL and pushing the price up to $1.8, an increase of 200%, 3 whale wallets cleared other people's positions in less than an hour and earned nearly $38 million in profit.
A wallet address went long on millions of XPL on Hyperliquid after 5:35 this morning, directly clearing the entire order book and squeezing all short orders. He then began to close some of his long positions, earning $16 million in just one minute.
At the same time, @Cbb0fe, the representative of the whale hunting team previously targeting insider @qwatio, said that in this XPL liquidation event, he hedged his XPL token assets by 10% on the HyperliquidX platform, using 1x leverage to short and providing a large amount of collateral for protection, but still suffered a loss of $2.5 million in the end. The user said, "I will never touch this isolated market again."
Analysis: Suspected Four Main Addresses Jointly Sniped XPL Hedging Orders, Profiting $46.1 Million
According to @ai9684xtpa monitoring, four main addresses participated in the sniping operation against XPL hedging short orders, with a total profit of up to $46.1 million.
The leading address 0xb9c...6801e has been accumulating long positions multiple times since August 24, and made a large purchase at 05:35 this morning, directly clearing the entire order book, earning $16 million in just one minute.
The other three cooperating addresses began to close their positions and take profits when the price of XPL reached a short-term high. Analysis shows that two of the addresses have the same source of funds, and the margins of the three main addresses are all obtained through debridge cross-chain, and the operating habits are similar, showing the characteristics of coordinated operations.
Project Dynamics Yesterday:
Google Cloud Announces its L1 Blockchain GCUL Information, Currently in Private Testnet Phase
According to Google's Head of Web3 Strategy, Rich Widmann, recent discussions about Layer 1 blockchains have put Google's own Layer 1 - called the Google Cloud Universal Ledger (GCUL) - in the spotlight. As a product lead in the crypto space, you know that if you are going to build a Layer 1, it has to be differentiated.
GCUL brings together years of Google's R&D efforts and is currently in a private testnet phase, providing financial institutions with a brand new Layer 1: It is high-performance, trusted neutral, and supports Python-based smart contracts. In addition to leveraging Google's distribution capabilities, GCUL is also a neutral infrastructure layer. Tether will not use Circle's blockchain, and Adyen is also unlikely to use Stripe's blockchain. But any financial institution can build on GCUL. More technical details will be released in the coming months!
Bitcoin Treasury Company Kindly MD Plans to Apply for $5 Billion Financing to Advance Bitcoin Treasury Strategy
Listed company KindlyMD filed an S-3 registration statement with the US Securities and Exchange Commission, planning to launch a stock issuance plan with a market value of up to $5 billion. Kindly plans to use the raised funds for: implementing a Bitcoin financial strategy, supplementing working capital, acquiring businesses, assets or technologies, capital expenditures, and/or investing in existing and future projects.
BetterBank on PulseChain Suffers Attack, Losses Estimated at $5 Million
，DeFi platform BetterBank on PulseChain was attacked, with losses estimated at approximately $5 million.
The attacker has exchanged some of the stolen assets for 215 ETH (approximately $983,000), which is currently stored at the address: 0xf3ba0d57129efd8111e14e78c674c7c10254acae.
OKX C2C Launches "Freeze Compensation" System: Up to 100% Compensation, 30,000 USDT Limit
According to the official announcement, OKX launched the "Freeze Compensation" system on August 27, 2025. When users trade with merchants with the "Freeze Compensation" logo, if their receiving account is frozen due to the other party's payment, they can enjoy a maximum compensation ratio of 100% and a single transaction compensation limit of up to 30,000 USDT, while also receiving platform funding support, with double security and protection.
It is reported that only high-quality merchants that have passed strict audits can obtain "Freeze Compensation" qualifications, covering bulk merchants and certified merchants. Among them, bulk merchants have paid a high amount of deposit, are safe and reliable, and have strong compensation capabilities; certified merchants have been certified by the platform and provide stable compensation according to the rules.
Users can quickly identify such merchants through consignment orders or filtering functions.
Metaplanet Plans to Raise Over $800 Million, Mainly for Increasing Bitcoin Holdings
According to Metaplanet's announcement, the company plans to issue no more than 555 million common shares in overseas markets, with the net amount of funds expected to be raised being 130.334 billion yen (approximately US$887 million).
The announcement shows that approximately 123.818 billion yen of the funds raised this time will be used to purchase Bitcoin, and 6.516 billion yen will be used for Bitcoin yield generation business.
MetaMask Launches Social Login Feature, Users Can Create Wallets Through Google or Apple Accounts
According to The Block, MetaMask has launched a new "social login" feature that allows users to create, back up and restore cryptocurrency wallets using Google or Apple accounts.
This feature simplifies the creation and management process of non-custodial wallets. Users only need to use their social accounts to log in and create a password, and the system will automatically generate a 12-word mnemonic (SRP) in the background. MetaMask emphasizes that even MetaMask itself cannot obtain the user's complete recovery information, thereby maintaining the self-custodial nature of the wallet. However, users need to take good care of their passwords, as they will not be able to recover the wallet if they lose them.
Pantera Capital Will Jointly Launch Solana Company with Summer Capital, Avenir Group, etc.
Yesterday's report stated that Pantera Capital plans to raise $1.25 billion to acquire a listed company to transform Solana investment and rename it "Solana Co". According to relevant sources, Summer Capital and Avenir Group (Li Lin family office, chairman of the board of directors of New Huo Technology) will participate in this, and work together with Pantera Capital to launch Solana Company.
It is reported that Summer Capital was established in 2017 and is one of the earliest licensed financial institutions in Asia to participate in digital asset track investment. Its investment portfolio includes Hashkey, Immutable, Upbit, Animoca, etc. Summer Capital is also the founding shareholder and largest shareholder of AMINA (formerly SEBA Bank), the first licensed crypto bank in Switzerland.
Avenir Group is a new investment group founded by Li Lin, focusing on investment in financial innovation and cutting-edge technology, with businesses spanning the United States, the United Kingdom, Japan, Singapore, and Hong Kong.
Aave Labs Launches Stablecoin Lending Platform Horizon
Aave Labs Announces the Official Launch of Horizon, an Innovative Service for Institutional Users, Enabling Qualified Financial Institutions to Obtain Stablecoin Loans Using Tokenized Real-World Assets (RWA) as Collateral. The Platform is Built on a Permissioned Version of Aave V3, Designed to Provide Efficient Capital Utilization and 24/7 Lending Infrastructure that Complies with Institutional Requirements.
According to the official statement, qualified institutions can use tokenized securities as collateral to borrow a variety of stablecoins, including USDC, RLUSD, and GHO, and enjoy instant access and predictable liquidity support. The platform adopts a mechanism that enforces regulatory compliance at the token level, while maintaining the unlicensed characteristics of the stablecoin market to maintain the composability of DeFi.
Horizon's initial partners include Centrifuge, Superstate, Circle, RLUSD, Ant Digital Technologies, Ethena, KAIO, OpenEden, Securitize, VanEck, Hamilton Lane, WisdomTree, and Chainlink.
Hong Kong Digital Asset Listed Companies Association Officially Established, 49 Institutions Selected as Founding Members
The Hong Kong Digital Asset Listed Companies Association (HKVALA) held its founding meeting in West Kowloon today, with Hong Kong government officials and legislative council members attending the meeting and delivering speeches. Kong Jianping, founder of Nano Labs, was appointed as the Honorary President of the Association.
The establishment of the federation aims to respond to Hong Kong's recent issuance of the (Hong Kong Digital Asset Development Policy Declaration 2.0) and the effective (Stablecoin Ordinance), and is committed to establishing Hong Kong's strategic position as a global hub for real-world asset tokenization (RWA). The federation brings together representative listed companies in the digital asset field, licensed financial institutions, blockchain technology solution providers, and RWA project parties, with the goal of creating a hub for stablecoin regulatory innovation practices and a strategic platform for institutional-level digital financial infrastructure.
It is reported that the founding members of the association include 49 institutional units such as China New Economy Investment, China United Development Holdings, Guofu Quantum, Yunfeng Financial, OKLink, and China Renaissance Capital Holdings.
Binance Alpha Will Launch CeluvPlay (CELB) on August 29
According to the official announcement, Binance Alpha will launch CeluvPlay (CELB) on August 29.
Eligible users can use Binance Alpha points to claim airdrops on the Alpha activity page after trading opens. More details will be announced soon.
Binance Wallet Will Launch Mitosis (MITO) TGE
According to the official announcement, Binance Wallet will launch the TGE of Mitosis (MITO) tokens from 8 pm to 10 pm on August 28, 2025.
Users need to use Binance Alpha points to participate in the subscription. Token contract trading will open at 10:30 PM on the same day. TGE details and the event page will be released soon.
Binance Launches Second Round of HODLer Airdrop Event for MyShell (SHELL)
Binance will launch the second round of HODLer Airdrop event for MyShell (SHELL) on August 27, 2025, distributing a total of 25,000,000 SHELL. Eligible users need to subscribe to capital-protected Earn products using BNB between 08:00 on July 24, 2025 and 07:59 on July 28, 2025. The airdrop will be distributed within 24 hours after the announcement is released.
Binance Alpha Will List Dexlab (XLAB), Eligible Users Can Claim Airdrops
According to the official announcement, Binance Alpha will launch Dexlab (XLAB) first on August 29.
Eligible users can use Binance Alpha points to claim airdrops on the Alpha activity page after trading opens. More details will be announced soon.
Binance HODLer Airdrop Launches Dolomite (DOLO)
According to the official announcement, Binance HODLer Airdrop has now launched the 33rd project – Dolomite (DOLO).
Users who subscribe to capital-protected Earn or on-chain Earn products using BNB between 08:00 on August 3, 2025 and 07:59 on August 7, 2025 will receive DOLO airdrop distribution.
Binance will list DOLO on August 28, 2025 at 00:00, and open trading pairs for USDT, USDC, BNB, FDUSD and TRY, applying seed tag trading rules. The DOLO deposit channel will open on August 27, 2025 at 20:30.
Binance Alpha and Binance Futures will list Hemi (HEMI) on August 29
According to official announcements, Binance Alpha and Binance Futures will launch Hemi (HEMI) on August 29.
In addition, the Binance Futures trading platform will launch the HEMIUSDT perpetual contract on August 29, 2025 at 04:30 (UTC), with support for up to 50x leverage.
Binance airdropped Alpha yesterday at 21:30, the threshold for the first phase is 260 points
According to official news, Binance launched the Binance Alpha airdrop yesterday at 21:30.
The Binance Alpha airdrop will be distributed in two phases: Phase 1 (first 18 hours): Users with at least 260 Alpha points can claim. Phase 2 (last 6 hours): Users with at least 230 Alpha points can participate in the second phase airdrop on a first-come, first-served basis.
If the event has not ended, the score threshold will automatically decrease by 15 points every hour.
Investment and Financing Dynamics Yesterday
Tazapay Completes Series B Funding Round with Strategic Investment from Ripple and Circle, Amount Undisclosed
According to PR Newswire, Tazapay announced on August 27, 2025 that it has completed a Series B financing round, with investors including Ripple, Circle Ventures, Peak XV Partners, Norinchukin Capital and GMO VenturePartners. This financing will be used to build the next generation of cross-border payment infrastructure.
Tazapay's products cover alternative payment methods, bank cards, virtual bank accounts, payments and stablecoins, combined with institutional-level security and compliance, providing solutions for global enterprises. The company has obtained licenses in Singapore, Canada and the European Union, and plans to apply for licenses in the UAE, the United States, Hong Kong and Australia. Tazapay's infrastructure supports high-trust cross-border payment solutions and will further invest in real-time payments, ACH and stablecoins to improve the payment experience for global businesses.
Digital Asset Acquisition Company CSLM Raises $200 Million Through IPO, Will Seek Strategic Merger Listing with Blockchain
A newly established special purpose acquisition company, CSLM Digital Asset Acquisition, raised $200 million through an initial public offering, and the related stocks are expected to be traded on Nasdaq under the codes "KOYN" and "KOYNW".
The company said it will seek a strategic merger listing with companies in blockchain and distributed ledger technologies, including building infrastructure for wallets, custody solutions, trading platforms, data protocols, and tokenized financial instruments, as well as building applications such as payments, decentralized finance, and cross-border finance.
Decentralized Protocol Swarm Network Completes $13 Million in Financing, Led by Sui, Ghaf Capital and Brinc
According to FinanceFeeds, decentralized AI verification protocol Swarm Network announced the completion of $13 million in financing, led by Sui, Ghaf Capital and Brinc, with participation from Y2Z and Zerostage and other institutions. Among them, $10 million came from the public sale of proxy licenses on the Sui network, and $3 million was strategic capital. This round of financing will accelerate the development of Swarm Network's decentralized AI verification protocol, especially the expansion and upgrade of its flagship product Rollup News.
According to Web3 asset data platform RootData, Swarm Network is a decentralized protocol that converts raw off-chain data into verifiable on-chain information in real time. By integrating AI agents, human intelligence, and zero-knowledge proof technology, the protocol is committed to building the infrastructure of truth in the digital age.
Regulatory & Policy Dynamics Yesterday
US CFTC Commissioner Kristin Johnson Announces Imminent Departure, CFTC Has Only One Commissioner Remaining
According to The Block, US Commodity Futures Trading Commission Commissioner Kristin Johnson said she will officially leave her post next week, leaving only one leader on the commission. Johnson set September 3 as the last day of her tenure, after previously indicating her intention to leave, the latest in a high-profile wave of departures at the derivatives regulator.
Johnson is one of four commissioners who have indicated they will resign or have already resigned since the beginning of this year. Since taking office, President Trump has been committed to getting Republican leaders who support cryptocurrencies to join his government.
US Secretary of Commerce: Will Start Publishing Economic Statistics on Blockchain
According to CNBC, U.S. Commerce Secretary Howard Lutnick said at a White House cabinet meeting on Tuesday that the Commerce Department will begin publishing economic statistics, including gross domestic product (GDP) data, on the blockchain, and may expand to all federal agencies after the Commerce Department completes "finalizing all the details."
Previously, on August 1, Trump fired Erika McEntarfer, the director of the US Bureau of Labor Statistics, because the July employment report showed that only 73,000 new jobs were added, and it was significantly lower than in the previous months. Trump accused her of releasing "manipulated" data, which caused concern among economists.
A Quarter of British Adults Willing to Include Cryptocurrency in Retirement Plans
According to Cointelegraph, on August 27, the latest survey by insurance company Aviva showed that 27% of British adults are willing to include cryptocurrencies in their retirement investment portfolios, and 23% are even considering withdrawing existing pensions for cryptocurrency investment.
Approximately one-fifth of respondents indicated that they already hold or have held cryptocurrencies, with the 25-34 age group being the most active. While investors are attracted by the potential for high returns, they are still concerned about security risks (41%), inadequate regulation (37%), and price volatility (30%).
The UK proposed a crypto regulatory framework in May this year, while the US has allowed 401(k) retirement plans to include cryptocurrencies such as Bitcoin. The UK pension market is worth $5.12 trillion. If crypto investment channels are opened, it may bring significant capital inflows to the crypto market.
US Prosecutors Appeal HashFlare Fraud Case Ruling, Involving $577 Million
According to Decrypt, US federal prosecutors filed a motion with the Ninth Circuit Court of Appeals seeking to overturn the lenient sentence of the mastermind of the HashFlare cryptocurrency fraud case. Estonian citizens Sergei Potapenko and Ivan Turõgin are accused of defrauding 440,000 investors worldwide through a $577 million Ponzi scheme, and prosecutors believe the original sentence was "unusually lenient."
The two defendants have pleaded guilty, admitting to engaging in fraud through false mining contracts from 2015 to 2019, misleading investors with false yield dashboards, and using the proceeds of the fraud to purchase luxury goods and pay early investor returns. The trial judge only sentenced them to three years of supervised release and a fine of $25,000 each, while the prosecution had requested a sentence of 10 years in prison.
The judge considered factors such as the risk of "indefinite detention" in the United States that foreign defendants may face when making the ruling. Legal experts analyzed that the reasons for the ruling based on "time served, immigration risk, and compensation considerations" are reasonable, and the Ninth Circuit Court usually respects the discretion of the district judge, and the possibility of maintaining the original judgment is high.
Currently, $400 million has been confiscated to compensate victims, and the case is known as the "largest fraud case" in the history of the Western District of Washington.
Former Central Bank Governor Zhou Xiaochuan: Stablecoins Have Risks of Over-Issuance and High Leverage, Full Tokenization to Replace Account Payment is Insufficient
Former Governor of the People's Bank of China Zhou Xiaochuan published an article (Examining Stablecoins from Multiple Dimensions), deeply analyzing the current development status and potential risks of stablecoins.
Zhou Xiaochuan pointed out that the central bank has two main concerns about stablecoins: the first is the risk of "over-issuance of currency", that is, the issuer over-issues stablecoins in the absence of 100% real reserves; the second is the amplification effect of high leverage, and the operation of stablecoins after issuance may produce a multiplier effect of currency creation.
He believes that the current centralized account system still has good applicability, and the view of replacing the account payment system with full tokenization lacks sufficient basis. Existing regulatory frameworks such as the US (Genius Act), Hong Kong related regulations, and Singapore regulatory regulations have not yet reached a satisfactory level of handling these issues.
Zhou Xiaochuan said that although the market generally believes that stablecoins will reshape the payment system, objective evaluation shows that the cost optimization space in the current payment system, especially in the retail payment field, is already very limited. He warned against excessive use of stablecoins for asset speculation, as this deviation may lead to fraud and financial system instability.
The article also mentioned that obtaining a license and paying reserve funds are not equivalent to successfully issuing stablecoins. If there is a lack of sufficient application scenarios, stablecoins will not be able to form effective circulation, and there may be a situation of "having a license but no coins." Whether stablecoins are used as a temporary payment tool for transactions or as a means of storing value during a specific period will directly affect their market retention.
Meme Hot List
According to Meme token tracking and analysis platform GMGN market data, as of August 28 09:30:
The top five popular Ethereum tokens in the past 24 hours are: RSS3, HOKK, SATOSHIT, LINK, MHRD
The top five popular Solana tokens in the past 24 hours are: LIPEPE, LMTH, ATH, BANANACULT, NVIDIA
The top five popular Base tokens in the past 24 hours are: SLAP, GIGABRIAN, ZORA, VIRTUAL, wstETH
“What are the wonderful articles worth reading in the past 24 hours”
The Hidden Worries Behind the Prosperity of Digital Asset Treasuries DATs: Which Tokens Have the Greatest Risk?
DATs decision-makers usually use stocks as their main form of compensation. Although this links their interests to stock price performance, it also leads them to prefer short-term solutions. Because personal wealth is directly related to the stock price, when the stock price is at a discount, the board of directors faces tremendous pressure and tends to choose a strategy combining asset sales and stock buybacks.
Gamblers on the Left, Traders on the Right: Insights from a Hell-Level Bull Market
The bull market in 2025 seems to be a hell-level test. On the one hand, the cryptocurrency market rebounded after evaporating 1.3 trillion US dollars in three months, accompanied by violent fluctuations and countless liquidation tragedies. On the other hand, Bitcoin rose from a low of 40,000 US dollars at the beginning of 2024 and soared to more than 120,000 US dollars, constantly breaking new highs. In terms of market sentiment, traders are mainly greedy (46.85%), mixed with significant fear and neutrality. Faced with a volatile trading environment and the strong influence of FOMO emotions, even star traders can lose their money. What coping strategies should we have?
Interview with Pantera Capital & CoinFund Liquidity Heads: The Logic of Fund Token Selection and How DATs Empower DeFi
The crypto world is never a race that relies solely on popularity. Seth and Cosmo wrote down the answers belonging to this era of change on the course of the development of liquidity funds with their determination of value and awe of risk.
Conversation with Saros CEO Lynn Nguyen: After Completing a $38 Million Buyback, How to Stand Out in the Solana DEX Race?
How is the DLMM protocol different from the traditional AMM mechanism? After starting the buyback, what are Saros's three strategic priorities?
