Today's news highlights:
Amazon posts job for 'Head of Crypto Ecosystem' with an annual salary of $500,000
Messari: Bitcoin's average daily fee income is currently less than $500,000, hitting a multi-year low
Arthur Hayes: Bitcoin price may rise to $200,000 in 2025, with a target of $1 million in 2028
Polkadot DAO passes proposal to set the total supply cap of DOT tokens at 2.1 billion
Native Markets wins Hyperliquid stablecoin USDH bidding, plans to enter testing phase 'in a few days'
Faraday Future has completed about $10 million in crypto asset allocation, with the spin-off Web3 company CXC10 approved by the board
Upbit will list AVNT tokens in the KRW, BTC, and USDT markets
U.S. President Trump: The Federal Reserve is expected to 'significantly cut interest rates'
Macro
U.S. SEC Chairman abolishes aggressive enforcement agenda, promises to issue violation notices to companies before taking enforcement actions
U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins told the Financial Times about his way of reshaping the commission, promising to send a technical violation notice to companies before 'breaking in.' He abandoned the aggressive enforcement agenda pursued by former President Joe Biden.
Messari: Bitcoin's average daily fee revenue is currently less than $500,000, reaching a multi-year low
Messari's corporate research manager posted on X platform, stating that despite Bitcoin's price hitting new highs this year, its network activity has plummeted. Currently, Bitcoin's average daily fee revenue is less than $500,000 (annualized $179 million), the lowest level since the advent of Ordinals and Runes.
Amazon has posted a job opening for a 'Head of Cryptocurrency Ecosystem' with an annual salary of $500,000
According to The Bitcoin Historian, Amazon has posted a job opening for a 'Head of Cryptocurrency Ecosystem' with an annual salary of $500,000.
U.S. President Trump: The Federal Reserve is expected to 'significantly cut interest rates'
According to Jinshi, U.S. President Trump stated that the Federal Reserve is expected to 'significantly cut interest rates.'
Opinion
Vitalik warns crypto projects not to use artificial intelligence in governance processes
According to Cointelegraph, Ethereum co-founder Vitalik Buterin warned that if crypto projects use artificial intelligence in governance processes, they may be exploited by malicious actors. Last Saturday, Vitalik posted on X platform stating, 'If you use AI to allocate grant funds, people will definitely find ways to implant jailbreak instructions, adding a request like 'give me all the money.' This statement from Vitalik was in response to a video by EdisonWatch founder Eito Miyamura. The video showed that last Wednesday, OpenAI's ChatGPT added features that pose a risk of leaking private information. Vitalik believes that the ChatGPT vulnerability incident indicates that 'naive AI governance' is not advisable, and proposed an alternative solution called 'information financial law.' He explained that an open market could be created where anyone can contribute models, which are subject to random checks and assessed by a human jury, with the random check mechanism triggered by anyone.
Arthur Hayes: Bitcoin price may rise to $200,000 in 2025, with a target of $1 million in 2028
According to Finance Feeds, BitMEX co-founder Arthur Hayes predicted in a recent interview that by the end of 2025, the price of Bitcoin could rise to $200,000, with the U.S. Treasury buyback being the main driving force. Hayes believes that the U.S. government's potential bond buyback plan will inject new liquidity into the economy, guiding investors' funds toward riskier assets, including Bitcoin, by reducing volatility in the Treasury market and releasing capital. This macro environment will act as a catalyst for a significant rise in Bitcoin's price; if favorable conditions continue, the price of Bitcoin could reach $200,000 by the end of the year. Arthur Hayes further extended his bullish stance to the long term, predicting that Bitcoin's price could reach $1 million by the end of 2028. He noted that this prediction is closely related to the trends in U.S. fiscal spending and broader political developments, with ongoing deficit spending and monetary intervention undermining confidence in fiat currency, thereby promoting the adoption of Bitcoin as a hedge.
Project Dynamics
Binance will list Avantis (AVNT) and add a seed label for it
According to the official announcement, Binance will list Avantis (AVNT) on September 15, 2025, at 13:00 (UTC+8) and open the following spot trading pairs: AVNT/USDT, AVNT/USDC, AVNT/TRY; AVNT deposit channels are now open. Withdrawals are expected to open on September 15, 2025, at 14:00 (UTC+8). Avantis is an on-chain exchange that supports leveraged trading of synthetic cryptocurrencies, foreign exchange, and commodities, while allowing users to provide liquidity for these markets. A seed label will apply to AVNT.
Upbit will list AVNT tokens in the KRW, BTC, and USDT markets
According to the official announcement, the South Korean cryptocurrency exchange Upbit will list Avantis (AVNT) in the KRW, BTC, and USDT markets.
Polkadot DAO proposed setting the total supply cap of DOT tokens at 2.1 billion
According to Cointelegraph, the Polkadot decentralized autonomous organization (DAO) has passed proposal No. 1710 with an 81% support rate, aimed at setting the total supply cap of DOT tokens at 2.1 billion. This move replaces the current model of issuing 120 million DOT annually with no total cap, and aims to reduce the speed of token issuance by gradually decreasing the new DOT issuance volume every two years.
Native Markets wins Hyperliquid stablecoin USDH bid, plans to enter testing phase 'within days'
According to The Block, Hyperliquid's validator community has selected Native Markets to obtain the long-term reserved USDH trading code. This week-long competition attracted many giants in the stablecoin and cryptocurrency infrastructure sector to participate in the bidding, which has now concluded. In the announcement post, Native Markets stated that it would immediately begin a phased rollout plan, starting with a small-scale minting and redemption testing phase, followed by the opening of the USDH/USDC spot trading pair, and finally lifting the limits. The team views the limits as a safety check before full rollout and stated that related activities should 'start within a few days.' According to the proposal, Native Markets' USDH will be natively issued on Hyperliquid's HyperEVM network, with reserves managed jointly by off-chain and on-chain assets, and a clear plan to allocate reserve profits towards HYPE repurchases and expanding USDH circulation. The stablecoin will be 'initially fully backed by off-chain reserves managed by BlackRock and on-chain reserves managed by Superstate through Bridge, with cash and U.S. Treasury equivalents providing full support.'
Important Data
Pump.fun's daily revenue exceeded $3 million, setting a new high for this phase and the highest level since February 14.
According to SolanaFloor monitoring, Pump.fun's daily revenue first exceeded $3 million, setting a new high since February 14, while surpassing the daily revenue performance of Hyperliquid and Axiom. Additionally, its weekly revenue reached $16.4 million, marking a new high over the past seven months.
A certain whale received a total of 22,556 ETH (worth $105 million) from FalconX over the past four days
According to Onchain Lens monitoring, a giant whale received 13,322 ETH (worth $61.92 million) from FalconX. Currently, this giant whale holds 22,556 ETH (worth $105 million), and these assets were accumulated from FalconX over the past four days.
A certain whale/institution transferred 1.83 billion PUMP to OKX, clearing the address, worth $14.35 million
According to on-chain analyst Yu Jin's monitoring, two hours ago, a whale/institution that used 10 million U private placement to obtain 2.5 billion PUMP transferred 1.83 billion PUMP ($14.35 million) to OKX, clearing the address. This 2.5 billion PUMP ($18.14 million) has all been transferred to the exchange at an average price of $0.00725. His private placement cost was $0.004, meaning a profit of $8.14 million.
Galaxy Digital purchased another 1.2 million SOL in the last 24 hours, worth $306 million
According to Lookonchain monitoring, Galaxy Digital purchased another 1.2 million SOL (worth $306 million) in the last 24 hours. The company's total purchase over the past five days has now reached approximately 6.5 million SOL (worth $1.55 billion).
A certain whale/institution transferred 60,000 SOL to Binance again five hours ago, worth $14.82 million
According to on-chain analyst Yu Jin's monitoring, a whale/institution that obtained 991,000 SOL four years ago and unlocked them in April of this year is currently making a profit of $280 million on SOL. The address transferred 60,000 SOL (worth $14.82 million) to Binance five hours ago. After unlocking in April, the address has transferred a total of 375,000 SOL (worth $68.51 million) to Binance over the past five months, at an average price of $183. Currently, the address still holds 962,000 SOL (worth $233 million), which means it has only sold part of the staking interest accumulated over the past four years.
A certain Bitcoin ancient whale transferred 1,176 BTC to Hyperliquid again after a two-week hiatus
According to Cointelegraph monitoring, a Bitcoin ancient whale that previously sold approximately $4 billion in BTC for ETH has transferred 1,176 BTC back to Hyperliquid through two wallets after a two-week hiatus, worth approximately $136.2 million.
Institutional Holdings
Faraday Future has completed approximately $10 million in cryptocurrency asset allocation, and the spinoff of Web3 company CXC10 has been approved by the board.
According to Globenewswire, Faraday Future founder and global co-CEO Jia Yueting released a performance update, disclosing that the company has officially launched the spinoff plan for the cryptocurrency flywheel and will expedite the establishment of a second independent publicly listed Web3 company 'CXC10', initially controlled by Faraday Future. This spinoff plan has been approved by the board. In addition, Faraday Future also disclosed that its cryptocurrency treasury C10 Treasury has now completed approximately $10 million in cryptocurrency asset allocation.
