Author: 行政

Five major US spot XRP products held XRP with a combined fair value $746.1 million below accounting cost at the end of June, but investors kept buying anyway.According to SEC filings, Bitwise, Canary Capital, Franklin Templeton, 21Shares, and Grayscale recorded roughly $629.9 million in primary-market share creations against $309.1 million in redemptions during the first half of the year.That left capital activity positive by about $320.8 million even as the funds’ combined XRP holdings sat 44.1% below their $1.7 billion accounting cost.The gap quantifies what Bloomberg ETF analyst James Seyffart called “surprisingly resilient” XRP ETF demand in an Aug. 31…

Key takeaways Pi Network is trading above $0.091 after gaining 10% in August. OpenPay has restored its cash-in feature, enabling users to convert PI and other altcoins into the OUSD stablecoin. PI must break above the $0.1000–$0.1022 resistance zone to strengthen its bullish outlook.  Pi Network traded in positive territory above $0.091 on Tuesday, preserving the 10% gain recorded during August. The token’s latest recovery coincides with OpenPay’s decision to restore its cash-in feature. The service allows users to convert PI and other supported altcoins into the OUSD stablecoin for payments and transfers. Despite improving utility, PI remains below the…

Cronos has restarted and restored block production after validators restored the chain to its state before the Tectonic exploit, replacing an open-ended network halt with a monitored restart. In an Aug. 31 update, Cronos said the restarted chain was producing blocks from block 90,896,189, with a timestamp of 23:49:01 UTC on Aug. 30.The network said it was fully back online, but added that some protocols, RPC providers, explorers and bridges could take longer to recover. Cronos also said it was monitoring the chain for stability and would publish a full postmortem. Those details superseded a 05:24 UTC update on Aug.…

Robinhood Chain’s DEX volume hit a record US$989 million, while TVL nearly doubled month-on-month to US$708 million. August marked a shift from memecoin speculation towards utility, infrastructure and new token models. PONS surged from US$20 million to more than US$200 million in market cap, while Delta, UP and NetNet also rose more than tenfold. Tokenised stocks remain a key differentiator, with stock-paired memecoins accounting for roughly a quarter of stock-linked trading volume. Robinhood Chain is putting up some eye-catching numbers, with single-day DEX trading volume hitting a record US$989 million (AU$1.3 billion) last week. Total value locked has climbed to…

Bloomberg reported Monday that Hyperliquid Labs and Payward are in advanced talks to route some perpetual futures tied to tokens on Hyperliquid’s blockchain to US traders through the Bitnomial exchange. Payward completed its acquisition of Bitnomial, worth up to US$550 million, on May 1, taking control of CFTC-licensed exchange, clearing and brokerage entities. Payward has presented an outline of the structure to the CFTC, both companies declined to comment, and the report lands less than two weeks after President Donald Trump said the agency was working to bring Hyperliquid onshore. Hyperliquid Labs is in advanced talks with Payward, Kraken’s parent…

Michael Saylor recently published an essay arguing that institutional custody and securities can expand Bitcoin without eliminating self-custody. On the same day, Strategy reported $2.0065 billion of net MSTR share-sale proceeds, $5.10 billion in its USD Reserve, $1.59 billion in a new USD Cash pool and a $136.4 million repurchase of STRC preferred stock.Saylor’s “The Bitcoin Reformation” defines sovereignty as the ability to choose among direct ownership and transparent institutional claims. Strategy’s Aug. 24 Form 8-K shows the company raising, protecting and reallocating capital through exactly those layers while holding 840,447 BTC.The essay remains attributed directly to Saylor; Strategy’s formal…

BitMine bought 53,501 ETH in the week to Aug. 30, its 65th consecutive weekly purchase since the Ether treasury strategy began on June 30, 2025. Holdings stand at 5,901,112 ETH, which the company puts at 4.9% of the 120.7 million ETH supply, within total crypto, cash and marketable securities of US$15.6 billion. Chairman Tom Lee stated ETH’s third-quarter run, which he put at 5,430 basis points ahead of the S&P 500, “sets the stage” for institutions to add to their crypto holdings. BitMine has bought 53,501 ETH in the week to Aug. 30, its 65th consecutive weekly purchase, lifting the…

Strategy ended its two-month pause, buying 4,603 BTC for US$370 million and pushing its total holdings to 845,050 BTC. Strive added 1,800 BTC worth US$143 million, lifting its stash to 23,156 BTC and securing a spot among the world’s top five corporate holders. Metaplanet moved 4,800 BTC (nearly US$377 million) to Coinbase, part of over 10,270 BTC shifted this week, fuelling speculation of a sale. Metaplanet is also expanding into the US, renaming Super League Enterprise as Superplanet and transferring 2,100 BTC to the new entity. Just yesterday we reported that Michael Saylor said Strategy is “back”, after a two-month…

Phemex placed 82 unique USDT spot pairs under Special Treatment on Aug. 31, requiring users to pass a mandatory Risk Cognizance Test before trading them. The restriction took effect at 10:00 UTC and applies to established assets including ETC, XTZ, SNX, YFI, NEXO, AXS, USDe and TUSD.The exchange announced the move in separate 43-pair and 40-entry notices. Together, the pages contain 83 entries, but MAGIC/USDT appears twice in the second notice, leaving 82 distinct markets.Infographic showing Phemex’s Special Treatment review of 82 USDT spot pairs, including risk criteria, affected pairs, and possible delisting.The 82 pairs under reviewThe first notice lists…

Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, then split the proceeds among a renewed Bitcoin purchase, support for its STRC preferred stock, and additional cash.The company’s Aug. 31 filing attributed $369.7 million to buying Bitcoin, $151.8 million to repurchasing 1,557,177 STRC shares, $50.7 million to STRC dividends, and $30 million to its USD Cash account.STRC is variable-rate cumulative perpetual preferred stock. The transaction shows Strategy using new common-stock proceeds for both Bitcoin accumulation and preferred-stock support.The four disclosed uses total $602.2 million, $0.6 million below the filing’s rounded $602.8 million net-proceeds figure. The filing…