GriffinAI responds to $GAIN related issues: Currently investigating the specific situation.
GriffinAI issued a statement regarding the $GAIN-related incident, stating that the team is investigating the issue and will provide a detailed explanation once more information is available. This morning: The new coin GAIN on Binance Alpha dropped nearly 95% within an hour this morning, suspected to be due to a massive issuance. According to analysis by Ai Yi and Yu Jin, the malicious issuance & selling address was created 11 hours ago, and the funds originated from ETH received through Tornado 13 hours ago and exchanged across chains for BNB. Continuous selling began 22 minutes after the issuance, and after making a profit, approximately 2955 BNB( worth about 3 million USD) was transferred across chains to networks such as Solana and Ethereum.
UXLINK announces a new contract and token migration compensation plan
UXLINK released an update stating that the deployment of a new smart contract has been completed (address: 0x3991B07b2951a4300Da8c76e7d2c7eddE861Fef3), and it has submitted an event report and migration plan to DAXA and major exchanges. Legally circulating tokens will be exchanged at a 1:1 ratio, with a total circulation of 479,713,462 tokens. Illegally issued and stolen tokens will not be exchanged, and some have been suspended from circulation. The official on-chain exchange portal will be launched within 5 business days, and a compensation plan will be introduced based on recovered assets, in cooperation with regulatory authorities in Singapore, South Korea, and Japan to freeze hacker-related wallets.
Binance Alpha's new coin GAIN plummeted nearly 95% in the past hour, suspected to be due to a massive issuance increase.
The new coin Griffin AI (GAIN) launched on Binance Alpha last night has experienced a sharp decline this morning, dropping nearly 95% within one hour to a low of $0.004185, and has slightly rebounded to $0.02. The BSC market capitalization is less than $5 million. BscScan data shows that the original total supply of GAIN was set at 1 billion coins (with a circulation of 235 million), but it has now been increased to 5.298 billion coins. The largest holding address possesses 4.852 billion coins, accounting for 91.58% of the total supply, and continues to transfer to the PancakeSwap V3 pool. The official has not yet released a related statement.
Australia releases regulatory draft for cryptocurrency asset platforms
According to Decrypt, the Australian government has released a draft regulation for cryptocurrency asset platforms, proposing to extend financial services laws to the cryptocurrency industry. The draft requires operators to obtain an Australian financial services license and establishes two categories: digital asset platforms and custodial platforms. It mandates the management of conflicts of interest, provision of dispute resolution mechanisms, and compliance with custody and settlement standards. The new regulations cover packaged tokens, public token infrastructure, and staking operations, granting regulatory authorities the flexibility to adjust powers. The Australian Securities and Investments Commission has granted license exemptions for stablecoin intermediaries, and related legislation is currently seeking feedback.
AML Software is suing Athena Bitcoin and others for allegedly stealing the source code of Bitcoin ATMs.
According to a report by Bloomberg, AML Software has filed a lawsuit in the Federal Court for the Southern District of Florida against Athena Bitcoin, Taproot Acquisition Enterprises, PSBC, and individual Jordan Mirch, accusing them of fraudulently stealing nearly 3,000 Bitcoin ATMs and their proprietary computer source code. The complaint alleges that the defendants infringed copyrights, misappropriated trade secrets, and distributed infringing software within the state of Florida. AML Software is seeking an injunction and damages from the court.
Aster will increase the holding time Rh points to 5 times.
Aster announces that starting today, the “Holding Time Score” Rh points will be increased to five times the original amount, aimed at rewarding traders who hold positions for a long time. The official statement indicates that the longer the holding time, the more Rh points are earned.
A certain whale withdrew 26 million ASTER from Gate, with a total holding value of 115.5 million USD.
According to Onchain Lens, a whale address withdrew 26 million ASTER from Gate, worth 59 million USD. Currently, this address holds a total of 50 million ASTER, with a total value of approximately 115.5 million USD, having realized a profit of 9.92 million USD.
USDC Treasury has newly minted 250 million USDC on the Solana chain.
According to Whale Alert, at 5:41 AM Beijing time, USDC Treasury minted 250 million USDC on the Solana blockchain, worth approximately 250 million US dollars.
The Chairman of the SEC emphasizes strengthening collaboration with the CFTC to promote legislation in the cryptocurrency market.
Paul S. Atkins, the Chairman of the SEC, stated in the program “Mornings with Maria” that the SEC is closely collaborating with the CFTC to promote market structure legislation, including joint roundtables and future joint rulemaking. He pointed out the need to provide a clear regulatory framework for the cryptocurrency asset market and proposed innovative exemptions to support the development of on-chain capital markets. Additionally, the SEC will review IPO reporting requirements and diversify opportunities for retail investors to participate in private market offerings.
The U.S. Senate Finance Committee has released the list of participants for the cryptocurrency tax hearing.
According to Eleanor Terrett, the U.S. Senate Finance Committee announced that it will hold a hearing on crypto taxation on October 1. Witnesses include Coin Center Policy Director Jason Somensatto, founding member of ASKramer Law Andrea S. Kramer, Coinbase Vice President of Tax Lawrence Zlatkin, and Chair of the American Institute of CPAs Digital Assets Taxation Working Group Annette Nellen.
The three major U.S. stock indices closed slightly lower, with Alibaba rising over 8%.
U.S. stocks closed lower on Wednesday, with the Dow Jones down 0.37%, the S&P 500 down 0.28%, and the Nasdaq down 0.33%. Intel ( INTC.O ) rose 6.4%, Tesla ( TSLA.O ) rose nearly 4%, closing with a market value close to $1.5 trillion. The Nasdaq China Golden Dragon Index rose 2.8%, Alibaba ( BABA.N ) rose 8.2%, and both JD ( JD.O ) and Baidu ( BIDU.O ) rose nearly 6%. Among blockchain concept stocks, ZONE and CAN rose about 20%, ALTS fell 9.28%, CEP fell 7.32, while the others had mixed results.
Trump's assistant involved in massive chip and cryptocurrency transactions raises ethical scrutiny.
According to The New York Times, Massachusetts Senator Elizabeth Warren and Michigan Senator Elissa Slotkin have written to the inspectors general of the State Department and the Commerce Department, requesting an investigation into whether officials from the Trump administration violated ethical guidelines in two multibillion-dollar transactions involving the United Arab Emirates. One of the transactions benefited U.S. President Trump and his advisor Steve Witkoff's family, while another artificial intelligence chip export agreement raised national security concerns. The investigation focuses on potential conflicts of interest for Middle East envoy Witkoff. While promoting the export of AI chips to the UAE, Witkoff's family, along with the Trump family, co-founded the cryptocurrency company World Liberty Financial, which received a $2 billion investment from a UAE sovereign fund. According to disclosed documents, the Witkoff family holds 3.75 billion WLFI tokens, valued at approximately $800 million at market price. Federal law explicitly prohibits officials from participating in decision-making related to matters with their economic interests.
Coinbase will list Centrifuge (CFG) and TROLL (TROLL) spot markets.
According to the official announcement, Coinbase will launch spot trading for Centrifuge (CFG) and TROLL (TROLL) on September 25. If liquidity conditions are met, the CFG-USD and TROLL-USD trading pairs will start to be available for trading in supported regions at 9 AM PT or later.
Meteora proposes to allocate 3% of the TGE reserve fund to Jupiter stakers in the form of liquidity position NFTs.
According to SolanaFloor, the Solana ecosystem liquidity protocol Meteora has announced a new proposal after facing strong opposition regarding the JUP staker allocation plan. 3% of the MET TGE reserves will be distributed to Jupiter stakers in the form of liquidity position NFTs according to a time-weighted model, thereby providing stakers with MET/USDC liquidity exposure when the token goes live.
The SUI Group disclosed that it holds over 105 million SUI, worth nearly $360 million.
According to Businesswire, SUI Treasury Company SUI Group (NASDAQ: SUIG) disclosed that as of September 23, it holds 105,630,660 SUI, valued at approximately $359 million based on a price of $3.40. Additionally, the company announced that it has spent about $1.2 million to repurchase 276,296 shares of common stock.
Hong Kong Monetary Authority: Currently, there are no offshore Renminbi stablecoins issued in Hong Kong, beware of fake news.
The Hong Kong Monetary Authority (HKMA) reminds that there has been recent circulation on social media claiming that the world's first stablecoin pegged to offshore RMB has been issued in Hong Kong. Please be aware that this information is false news. The “Stablecoin Ordinance” will officially come into effect on August 1, 2025, and anyone issuing fiat stablecoins in Hong Kong during business activities, or actively promoting their issuance to the public in Hong Kong, will need to obtain a stablecoin issuer license issued by the HKMA. Please note that the HKMA has not yet issued any stablecoin issuer licenses. Therefore, any issuance or promotional activities related to stablecoins are illegal. If someone promotes stablecoins to you, you must remain vigilant. The HKMA will monitor the market activities involving stablecoin transactions, and if any behavior suspected of violating the “Stablecoin Ordinance” is found, we will consider taking further follow-up actions based on relevant facts and evidence.
Suspected ENA treasury company has withdrawn 11.87 million ENA from Binance again, worth 7.2 million USD.
PANews reported on September 24 that on-chain analyst @ai_9684xtpa monitored that a suspected ENA treasury company withdrew 11.87 million ENA from Binance in the past 3 hours, worth 7.2 million USD. The current holding of ENA has increased to 104 million, with a total value of 63.67 million USD.
The publicly traded company Fitell Corporation purchased 46,144 SOL for approximately $10 million.
According to Globenewswire, NASDAQ-listed Fitell Corporation (FTEL) announced its first strategic acquisition of approximately 46,144 SOL for about $10 million, as part of the financial plan for Solana previously announced by the company. This acquisition of SOL was conducted following the first settlement under the company's $100 million financing arrangement, and FTEL plans to use a significant portion of the net proceeds from the first settlement for additional SOL acquisitions.
Franklin Templeton integrates the Benji platform into the BNB Chain, expanding the tokenization space.
According to CoinDesk, global investment giant Franklin Templeton is now expanding its proprietary Benji technology platform to the BNB Chain ecosystem. This move leverages the technical advantages of Binance Smart Chain, including its scalable, low-cost infrastructure and high transaction throughput, amplifying Benji's expertise in institutional-grade asset tokenization to create new types of on-chain financial assets. Franklin Templeton's Benji technology platform is an integrated system designed to facilitate around-the-clock trading, management, and yield distribution of tokenized assets, with the company's on-chain U.S. government money market fund BENJI token as an example. Over the years, the platform has expanded to multiple blockchains, including Stellar, Ethereum, and VeChain.
Stablecoin startup Bastion completes $14.6 million new funding round, led by Coinbase Ventures.
According to Fortune magazine, stablecoin startup Bastion has completed a new round of funding totaling $14.6 million, led by Coinbase Ventures. Other investors in this round include the venture capital arm of Japanese tech giant Sony, the venture capital arm of South Korean smartphone manufacturer Samsung, the cryptocurrency division of venture capital firm Andreessen Horowitz (a16z), and the cryptocurrency venture capital firm Hashed. Bastion is described as a stablecoin white-label issuer that allows businesses to launch their own branded stablecoins more easily without hiring lawyers for regulatory approval or software developers to write code, as they can hire Bastion instead. Bastion's differentiating advantage lies in its full suite of stablecoin services, which include cryptocurrency wallets for customers to hold tokens and channels to exchange stablecoins for cash in 70 countries, including the United States.
Tether appoints Benjamin Habbel as Chief Business Officer
According to the official blog, Tether has announced the appointment of Benjamin Habbel as the new Chief Business Officer. Habbel will lead the company's development, finance, investment, and portfolio expansion. As Chief Business Officer, Habbel will also focus on closely collaborating with Tether's portfolio companies and investment projects, further expanding the portfolio management team and empowering founders and teams to realize their visions. Habbel possesses expertise in both technology and finance. As the CEO of Limestone Capital, he built a successful alternative asset management firm that manages multiple funds and oversees a total of $1 billion in assets, with operations covering companies and more than 500 employees. His career history is rich; he has held leadership positions at Google, founded and successfully exited multiple software companies in Silicon Valley, and spent nearly a decade developing Limestone into a global investment platform.
Binance contracts will delist UXLINKUSDT U-Margined Perpetual Contracts.
According to the official announcement, Binance contracts will automatically liquidate the UXLINKUSDT U-margined perpetual contract on September 26, 2025, at 17:00 (UTC+8), and the trading pair of the aforementioned U-margined perpetual contract will be removed after the liquidation.
The stablecoin USDH, independently developed by Hyperliquid, officially launched after being listed on Native Markets.
According to The Block, the USDH stablecoin issued by Native Markets has been launched on the Hyperliquid platform, and the USDH/USDC trading pair is now open for trading. Initial trading volume shows that the market opened cautiously but actively, with trading volume reaching approximately $2.2 million as the market gets underway. USDH is the first dollar-pegged token issued based on the selection process operating on Hyperliquid validation nodes. It is a stablecoin natively issued on HyperEVM and can circulate across chains within the entire Hyperliquid ecosystem. Native Markets won the bid earlier this month, defeating proposals from several companies including Paxos, Frax, and Agora. The plan requires a phased rollout and aims to launch the first USDH/USDC spot market “within days” after the voting approval. The issuer stated that its reserves are fully collateralized by cash and short-term U.S. Treasury bonds, with the initial portfolio including both off-chain management and on-chain components, and data transparency achieved through oracles. The proposal materials also outline an economic circulation mechanism that uses part of the reserve income for HYPE token buybacks.
Zhao Changpeng: The era of Perp DEX has arrived, and high-quality projects will prevail in the long run.
Zhao Changpeng stated: “Now everyone wants to do Perp DEX. More participants will expand the market size faster, raising all boats. In the long run, only the best builders will win. The era of Perp DEX has arrived.”
The board of directors of Jiuzi New Energy has approved an investment policy of up to $1 billion for the purchase of cryptocurrency assets.
According to a report by PR Newswire, Chinese automotive dealer Jiuzi New Energy (NASDAQ: JZXN) announced that the company's board of directors has officially approved and adopted a cryptocurrency asset investment policy. This policy authorizes the company to allocate a portion of its cash reserves to specific cryptocurrency assets within a prudent risk management framework. The core framework of the policy includes: 1. Clear investment authorization and limits: The board has authorized the company to deploy up to $1 billion for the purchase of cryptocurrency assets, ensuring controlled risk exposure. 2. Strict asset selection criteria: In the initial stage, the investment scope is limited to BTC, ETH, and BNB. Any future plans to expand to other assets must be re-evaluated and approved by the board's risk committee. 3. Highest level of custody standards: The company will not self-custody the acquired cryptocurrency assets. 4. Professional oversight and governance structure: A “Cryptocurrency Asset Risk Committee” will be established to oversee the implementation of the policies and report regularly to the board.
The open interest in Aster surged to $1.25 billion, surpassing Hyperliquid.
According to Cointelegraph, the decentralized perpetual contract exchange Aster on the BNB chain saw its open interest surge nearly 33,500% in less than a week. On Wednesday, CoinGlass data showed that its open interest soared from $3.72 million last Friday to $1.25 billion, as traders flocked in to challenge competitor Hyperliquid. Meanwhile, Aster's total value locked (TVL) also increased to $1.85 billion, a 196% rise from last Friday. DefiLlama data indicated that Aster led the daily trading volume for perpetual contracts on Wednesday with nearly $24.7 billion in 24 hours, surpassing Hyperliquid (approximately $10 billion), edgeX ($8.25 billion), and Lighter ($6.18 billion) following closely. In terms of 7-day and 30-day perpetual contract trading volume, Hyperliquid still ranks first. Over the past week, Hyperliquid's trading volume reached $66 billion, while in the past 30 days, it approached nearly $300 billion.
The Brazilian company OranjeBTC purchased 3,650 bitcoins for $385 million.
According to Cryptobriefing, Brazilian Bitcoin financial company OranjeBTC today purchased 3,650 bitcoins for $385 million as part of its strategic reserve accumulation ahead of its planned listing.
Zhao Changpeng: SafePal is also part of the YZi Labs investment portfolio.
Zhao Changpeng posted on platform X that SafePal is also part of the (YZi Labs) investment portfolio and was invested in a long time ago, shortly after investing in Trust Wallet. Market data shows that the price of the SFP token briefly reached $0.742 and is currently reported at $0.5891, with a 24-hour increase of 32.86%.
Trust Wallet will launch perpetual contracts with the technical support of Aster.
According to official news, Trust Wallet announced the upcoming launch of perpetual contracts, supporting over 100 markets, with a maximum leverage of 100 times, supported by Aster's technology.
Mechanism Partner: Tom Lee's bullish argument for ETH is very “stupid”.
Mechanism Capital partner Andrew Kang posted on platform X, directly criticizing the bullish argument of ETH's leading figure Tom Lee in this market cycle as “idiotic,” claiming it is the most severe financial illiteracy he has seen recently, and refuting it point by point: Regarding the adoption of stablecoins and RWA, Kang believes that the Ethereum network upgrade has improved transaction efficiency, and that stablecoins and tokenization activities are also flowing to other public chains, with the transaction fees generated from tokenizing low liquidity assets being negligible; concerning the analogy of digital oil, he pointed out that oil is a bulk commodity, with real oil prices hovering in the same range for a century, thus this analogy does not provide a bullish reason for ETH; on the argument of institutional staking capital, Kang stated that large banks have not included ETH on their balance sheets and have not announced related plans, and that demand can be met by purchasing as needed when demand is low; regarding the notion that ETH is equivalent to the total value of financial infrastructure companies, he believes this is a misunderstanding and a delusion; in terms of technical analysis, Kang indicated that Ethereum is in a multi-year consolidation range, having recently peaked without breaking through, with a bearish technical outlook, and that performance will continue to be poor unless there is a significant change. Earlier today, BitMine Chairman Tom Lee stated that Ethereum is a “truly neutral chain” and will be favored by Wall Street and the White House.
Curve DAO has passed the proposal to establish a maximum credit limit of 60 million crvUSD for Yield Basis.
The related voting page shows that Curve DAO has approved and executed proposal #1206, which aims to establish a credit limit of up to 60 million crvUSD for the Yield Basis project. The proposal intends to adjust the relevant debt ceiling through the set_debt_ceiling function. Related reading: Curve founder's new work is about to go live on the mainnet, how to earn Bitcoin with Yield Basis and avoid impermanent loss?
Bless has announced that airdrop claims are now open.
The shared computing network Bless announced on platform X that the BLESS token is now open for airdrop claims, locked users can start staking today, and trading has gone live on multiple platforms.
Binance will launch FLUIDUSDT U-based perpetual contract.
According to the official announcement, the Binance futures platform will launch the FLUIDUSDT perpetual contract on September 24, 2025, at 18:15 (UTC+8), with a maximum leverage of up to 75 times.
Mira announced its tokenomics: the initial circulation at TGE is 19.12% of the total supply, with an initial airdrop accounting for 6%.
Mira announces the MIRA tokenomics: The total supply of MIRA is 1 billion tokens, based on the Base network, with an initial circulation of 19.12% at TGE. The use cases of the token include API access and value capture, consumer application integration, and the foundational assets of the AI ecosystem Mira Network, staking, and governance. The token distribution is as follows: 6% for the initial airdrop, 16% for future node rewards, 26% for ecosystem reserves, 20% for core contributors, 14% for early investors, 15% for the foundation, and 3% for liquidity incentives. At TGE, the initial airdrop is immediately 100% unlocked, except for Kaito ecosystem Stakers (unlocked after 2 weeks); the ecosystem reserve has a partial unlock on day 1, with the remaining part vesting linearly over 35 months; all other distributions are fully locked at TGE and will be gradually released according to the vesting schedule.
Aster CEO confirms that Aster Chain is about to be launched and has entered the testing phase.
According to a report by Solid Intel, the CEO of Aster has confirmed that Aster Chain is set to launch and has entered the testing phase. The chain features sub-second transaction finality, integrated native perpetual contracts, low fees, and a token buyback plan.
