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BeInCrypto is a news website founded in August 2018, specializing in cryptographic technology, privacy, fintech, and the Internet, among other related topics. The primary goal of the website is to bring transparency to an industry with disingenuous reporting, unlabeled sponsored articles, and paid news masquerading as honest journalism.
US government sells 4.45 million seized Anthropic shares, cashing out $627 million to repay FTX creditors
Odaily reports: The U.S. government has sold 4.45 million Anthropic shares seized from FTX, obtaining approximately $627 million, with the funds to be used to repay FTX creditors.According to the S-1 filing submitted by Anthropic, this batch of shares was resold to 9 buyers. Based on the valuation ahead of Anthropic's planned Nasdaq listing under the ticker symbol ANT, these shares are currently worth approximately $3.94 billion. (BeInCrypto)
Grayscale Announces Crypto Asset Yield Rankings: HYPE Holders Lead in Yield, CAKE Ranks Highest in Adjusted Earnings Yield
According to BeInCrypto, Grayscale released a crypto asset valuation ranking evaluated based on two metrics: "Token Holder Yield" and "Adjusted Earnings Yield". HYPE topped holder yields at 8.0%, with Lighter (LIT) following closely at 7.9%, and PancakeSwap (CAKE) ranking third at 2.6%, followed sequentially by AERO, UNI, RAY, PENDLE, AAVE, JUP, and CRV. In terms of adjusted earnings yield, CAKE led at 14.4%, with LIT at 14.1% and HYPE at 9.8%, followed sequentially by RAY, AAVE, JUP, SKY, UNI, AERO, and PENDLE. The report showed that five assets on the list had negative holder yields, including AAVE, JUP, and CRV, with CRV at -5.5% and JUP at -2.6%. Grayscale calculates holder yield as staking rewards plus buybacks minus new token issuance, so holders face dilution when new issuance exceeds total yields. While JUP's adjusted earnings yield stands at 3.5%, its holder yield remains negative.
"The Big Short" Michael Burry doubles down on shorting NVIDIA and buys call options to hedge risk.
据 BeInCrypto 报道，“大空头”投资人 Michael Burry 在英伟达公布财报前增持其空头头寸，同时买入于今年 12 月到期、行权价位于 200 美元中高区间的英伟达看涨期权作为对冲。Michael Burry 表示，该期权并非押注股价上涨，其成本可由现有空头及看跌期权仓位覆盖。 Michael Burry 认为，英伟达的低市盈率可能掩盖了其短期垄断地位带来的估值风险，其自身测算的理论价值显著低于当前市价；同时，他担忧公司将持续扩大资本开支，可能在 AI 投资周期见顶后面临盈利下修压力。除英伟达外，Michael Burry 还新建或加码做空甲骨文、Palantir、Nebius 和 Caterpillar，其股票空头仓位已占投资组合逾 21%（不含看跌期权）。
Cathie Wood: Open-Source AI Is Making OpenAI and Anthropic Richer
According to BeInCrypto, ARK Invest founder Cathie Wood recently expressed a view that overturns the market's traditional perception of open-source AI. She pointed out that the capabilities of open-source models such as Meta, Mistral, and DeepSeek are continuously enhancing, which instead expands the cybersecurity attack surface, forcing enterprises to continuously procure frontier AI as a defense layer, thereby driving revenue growth for OpenAI and Anthropic rather than harming them. Data from the UK AI Safety Institute shows that the cyber attack capabilities of open-source models have caught up to the level of frontier models from 4 to 7 months ago. Wood named OpenAI, Anthropic, and SpaceXAI as the three companies most likely to capture the bulk of AI model revenue; ARK currently holds positions in all three companies. Currently, Anthropic has already submitted an S-1 filing at a valuation of nearly $1 trillion, and OpenAI is expected to go public in September 2026.
Grayscale: HYPE remains undervalued compared to fintech stocks, with a current valuation of approximately 15-18 times P/E ratio.
According to BeInCrypto, Grayscale Head of Research Zach Pandl released a report using the "earnings per token" method to value Hyperliquid (HYPE). The report assumes Hyperliquid's 2027 earnings will be approximately $1 billion (an increase of about 20% compared to 2025), and expects the circulating supply at that time to reach 270 million to 310 million tokens, corresponding to earnings per token of approximately $3.25 to $3.75. Calculated at the current price of approximately $54, the forward P/E ratio is approximately 15 to 18 times, suggesting it still holds a valuation advantage compared to fintech stocks.
South Africa’s Crypto Economy Grows 52% Over the Past Year to $39.3 Billion; Cross-Border Regulatory Draft May Be Revised
According to BeInCrypto, Chainalysis data shows that over the year ending June 2026, the South African crypto economy expanded by 52% to $39.3 billion, with increases across all tracked activity categories. Commercial payments, including those from South African merchants and P2P traders, reached $8.34 billion, outpacing institutional activity ($1.29 billion in inflows); stablecoin inflows through Sub-Saharan African P2P channels totaled $14.6 billion, on par with Bitcoin. A draft regulatory framework for crypto asset management released by the South African Treasury and Reserve Bank (SARB) on August 3 would stipulate that individuals may only transfer crypto assets abroad through authorized local service providers within existing foreign exchange limits, while businesses are prohibited from cross-border transfers of crypto assets. As of March 31, the Financial Sector Conduct Authority (FSCA) had issued licenses to 310 crypto asset service providers, though these entities must still secure separate authorization from the SARB. On October 21, Finance Minister Enoch Godongwana stated that after receiving thousands of public submissions, the Treasury will aim to release a revised second draft, with no timeline currently announced.
Gate Europe Recognized as a Preferred Platform for Low-Cost Spot Trading and EUR On-Ramp in Europe, with Dual MiCA and PI License Compliance
Odaily News — According to a recently published guide to European crypto trading platforms, Gate Europe has been named one of the European platforms suited for low-cost spot trading and EUR fiat on-ramp. The platform has obtained MiCA authorization from the Malta Financial Services Authority (MFSA), offers a standard spot trading fee of 0.1%, and supports EUR funding via SEPA bank transfers. In terms of user coverage, Gate Europe can accommodate the trading needs of users ranging from beginners to advanced traders, with strong suitability for spot trading users; in response to European users' asset migration needs, the platform also supports migration from USDT to USDC. BeInCrypto previously included Gate Europe in its guide to MiCA-licensed platforms, and continues to follow its regulatory progress and service capabilities in the European market.Currently, Gate Europe has taken the lead in obtaining the EU's Markets in Crypto-Assets Regulation (MiCA) license and a Payment Institution (PI) license, continuously strengthening its compliance foundation in the European market. Meanwhile, Gate Connect, Gate Card, and related support systems have completed PCI DSS v4.0.1 Level 1 compliance assessment. Against the backdrop of the full implementation of the MiCA regulatory framework and European users' growing attention to legal entities, scope of authorization, and fiat channels, Gate Europe is leveraging its compliance credentials to provide European users with a more comprehensive digital asset trading and fund services experience. (BeInCrypto)
Tether CEO Counters JPMorgan with "Selling Ice in the Arctic" Metaphor: A $183 Billion USDT Market Cap Is the Best Response
According to BeInCrypto, JPMorgan Co-President Doug Petno stated at the Barclays Global Financial Services Conference that institutional interest in blockchain and stablecoins remains in its early stages, constrained by interoperability gaps, regulations, and KYC rules, with no genuine institutional demand beyond crypto trading currently. In swift response, Tether CEO Paolo Ardoino remarked that "there is no need to import ice to the Arctic," mocking JPMorgan’s assessment as out of touch with reality—Tether's USDT market cap has already neared $183 billion, while the total market capitalization of all stablecoins sits at approximately $311 billion. Notably, JPMorgan itself operates the blockchain payments division Kinexys, and its research team forecasts the stablecoin market to reach between $500 billion and $750 billion, falling well short of the $2 trillion upper limit projected by some firms.
Campaign of Brazil's pro-Bitcoin presidential candidate suspended, over $6.4 million in public funds frozen
According to BeInCrypto, Brazil's Superior Electoral Court (TSE) ruled on August 31 to suspend presidential candidate Renan Santos's digital campaign and freeze approximately 3.3 million reais (about $640,000) in public campaign funds. Justice Dias Toffoli ruled that because Santos registered his 16 campaign social media accounts 12 days past the filing deadline, he violated regulations. He was barred from participating in debates and placing paid political advertisements, with a fine of 50,000 reais (about $10,000) imposed for each violation. Santos had publicly pledged at the "Rio Blockchain 2026" conference on August 13 that if elected, he would establish a national Bitcoin reserve and turn Rio de Janeiro into a "crypto-friendly" city, while abolishing the Financial Operations Tax (IOF), making him the only candidate in this election to openly support a Bitcoin reserve. Santos termed the ruling "censorship" and stated he would pursue an appeal. His candidacy has not been revoked, and street campaigning may continue. Brazil's general election will take place on October 4.
Banxa Launches Native Infrastructure to Embed Stablecoin Buying and Selling Processes into Partner Applications
According to BeInCrypto, payment company Banxa launched Banxa Native on August 20, providing embedded fiat deposit and withdrawal infrastructure for wallets, exchanges, and fintech platforms. Partners can execute fiat purchases or sales of crypto assets within their own interfaces, while Banxa provides backend pricing, compliance verification, and settlement services, reducing the need to redirect to third-party pages or undergo repetitive KYC verifications. For example, users can directly purchase USDC via Apple Pay, Google Pay, or bank cards within the wallet; for users who have already completed identity verification, their KYC information can be passed from the partner platform to Banxa, streamlining the process for subsequent transactions. Trust Wallet CEO Felix Fan stated that this partnership helps directly embed compliant fiat-to-crypto channels into the user journey.
韩国加密洗钱案激增 152 倍，"换钱"手法涉案金额达 64 亿美元
据 BeInCrypto 报道，一种名为"Hwanchigi（换钱）"的跨境洗钱手法已成为韩国加密犯罪的核心方式，自 2021 年至 2025年 8 月间，该手法涉及的非法加密交易金额高达 64 亿美元，占韩国同期非法加密交易总额 71 亿美元的 90%以上。该手法通过加密货币转账将非法资金转移至境外，绕开韩国受监管的银行体系。 2026 年上半年，韩国涉虚拟资产洗钱案件达 1,214 起，较 2025 年全年仅 8 起激增 152 倍，占同期加密犯罪总量的 79.4%。USDT 是主要犯罪媒介。然而执法效率严重滞后，上半年仅逮捕 18 人，远低于 2023 年的 42 人。韩国海关同期查获非法外汇交易达 7.2 万亿韩元（约 492 亿美元），逾 90%涉案资金流经无牌渠道。
South Africa’s Crypto Economy Grows 52% Over the Past Year to $39.3 Billion; Cross-Border Regulatory Draft May Be Revised
According to BeInCrypto, Chainalysis data shows that over the year ending June 2026, the South African crypto economy expanded by 52% to $39.3 billion, with increases across all tracked activity categories. Commercial payments, including those from South African merchants and P2P traders, reached $8.34 billion, outpacing institutional activity ($1.29 billion in inflows); stablecoin inflows through Sub-Saharan African P2P channels totaled $14.6 billion, on par with Bitcoin. A draft regulatory framework for crypto asset management released by the South African Treasury and Reserve Bank (SARB) on August 3 would stipulate that individuals may only transfer crypto assets abroad through authorized local service providers within existing foreign exchange limits, while businesses are prohibited from cross-border transfers of crypto assets. As of March 31, the Financial Sector Conduct Authority (FSCA) had issued licenses to 310 crypto asset service providers, though these entities must still secure separate authorization from the SARB. On October 21, Finance Minister Enoch Godongwana stated that after receiving thousands of public submissions, the Treasury will aim to release a revised second draft, with no timeline currently announced.
Exchange Stablecoin Reserves Shrink 20%, Binance Share Rises Against the Trend to 68.5%
According to BeInCrypto, CryptoQuant data shows that centralized exchange stablecoin reserves fell from a high of about $80 billion at the end of 2025 to about $64 billion, shrinking by about $16 billion (about 20%). Among them, Binance showed relative resilience, with its stablecoin share rising from just over 60% to 68.5%, while platforms such as Coinbase, Bybit, and OKX saw more significant reductions. Meanwhile, on-chain analysis platform Santiment detected that pessimistic sentiments such as "crypto is dead" on X and Reddit continued to intensify, with the Crypto Fear & Greed Index currently at 46, still in the fear zone. The total stablecoin supply also fell from a high of nearly $316 billion in May to $300.89 billion, but the decline was far lower than on the exchange side, indicating that some liquidity may have shifted on-chain rather than exiting completely.
Bank of Italy Research: Stablecoin Cross-Border Remittance Costs Not Lower Than Traditional Channels
According to BeInCrypto, a field research report recently released by the Bank of Italy shows that stablecoins do not possess a systemic cost advantage in cross-border remittances. Researchers tested USDC transfers of $200 through 10 actual remittance corridors, covering routes between Italy and Argentina, Brazil, South Africa, the UAE, and Japan, with total fees ranging from 0.3% to nearly 9%, showing a significant disparity. The study found that on-chain transfers themselves accounted for an average of only 0.4% of the total cost; what truly drove up fees were steps still reliant on banks and exchanges, such as funding, currency conversion, and withdrawal. Taking the UAE-to-Italy corridor as an example, where bank transfers were unavailable and credit card funding was forced, fees alone reached as high as 3.8%. Meanwhile, transfer speeds also differed significantly due to variations in destination payment infrastructure. Instant payment systems like Brazil's Pix could complete settlement within 20 minutes, while South Africa required 1 to 2 business days, no different from traditional bank wire transfers. The report pointed out that stablecoins currently still heavily rely on the banking system they attempt to replace, and the narrative that "stablecoins are quietly replacing traditional payment rails" remains unsubstantiated.
Bitcoin Approximately 69-73 Days Away from Cycle Bottom, Analysts and Institutions Disagree on Four-Year Cycle
According to BeInCrypto, crypto analyst Benjamin Cowen stated that Bitcoin is currently on day 1,363 of this cycle, while the past two cycles bottomed out on day 1,432 and day 1,436 respectively. Based on this, the bottom of this cycle is estimated to appear in October 2026, approximately 69-73 days from now. Cowen also pointed out that August and September have historically been seasonally weak periods for Bitcoin, with an average decline of about 10% in August during midterm election years. However, this prediction faces institutional-level skepticism. Fidelity pointed out that within months after Bitcoin hit an all-time high, one-year volatility touched a new low, a signal that never appeared in previous cycles; Bitwise Chief Investment Officer Matt Hougan believes that continuous inflows into spot ETFs and corporate balance sheet allocation demands have weakened traditional halving cycle patterns; Grayscale's 2026 outlook report also holds a similar view. Cowen, however, insists that although tops are becoming flatter, the bottom ranges of the four cycles have hardly shifted.
Musk Predicts: AI Hacking Capabilities Will Surpass Humans by the End of 2027
According to BeInCrypto, Elon Musk predicted that by the end of 2027, AI will reach superhuman levels across all digital tasks, with AI hacking capabilities surpassing human abilities being one of them. Previously, software company JFrog disclosed a critical vulnerability (CVE-2026-82329) in its code repository tool Artifactory, with a CVSS score as high as 9.8. It can be exploited without authentication, remains exposed with default configurations, and poses a risk of supply chain attacks. Notably, OpenAI models independently discovered nine zero-day vulnerabilities in Artifactory during tests in July of this year.
Kylie Jenner's X Account Allegedly Hacked to Promote Same-Named Meme Coin; Market Cap Surges Then Drops 68%
According to BeInCrypto, Kylie Jenner’s X account appears to have been compromised, with an attacker posting the ticker and Pump.fun page link for the Solana-based memecoin kylie before the post was subsequently deleted. The token’s market cap briefly spiked to approximately $1.19 million before retreating by around 68%; at press time, it stood at roughly $378,500.
Cathie Wood: Open-Source AI Is Making OpenAI and Anthropic Richer
According to BeInCrypto, ARK Invest founder Cathie Wood recently expressed a view that overturns the market's traditional perception of open-source AI. She pointed out that the capabilities of open-source models such as Meta, Mistral, and DeepSeek are continuously enhancing, which instead expands the cybersecurity attack surface, forcing enterprises to continuously procure frontier AI as a defense layer, thereby driving revenue growth for OpenAI and Anthropic rather than harming them. Data from the UK AI Safety Institute shows that the cyber attack capabilities of open-source models have caught up to the level of frontier models from 4 to 7 months ago. Wood named OpenAI, Anthropic, and SpaceXAI as the three companies most likely to capture the bulk of AI model revenue; ARK currently holds positions in all three companies. Currently, Anthropic has already submitted an S-1 filing at a valuation of nearly $1 trillion, and OpenAI is expected to go public in September 2026.
Senator Lummis' X Account Hacked, Fake Solana Meme Coin Scam Deleted Within Five Minutes
According to BeInCrypto, the official verified X account of U.S. Senator Cynthia Lummis was hacked on July 29. The account briefly posted a fake Solana Meme coin promotion post named $USA Token, featuring a pump.fun minting link. The post was deleted within approximately five minutes, accumulating around 5,600 views and 37 replies during that period. Crypto community users quickly issued warnings, and there are currently no records of financial losses. Lummis's office had not released any statement as of press time. The timing of this incident is sensitive, coinciding with the stalemate of the "Digital Asset Market Transparency Act" (CLARITY Act) championed by Lummis in Congress.
South Africa’s Crypto Economy Grows 52% Over the Past Year to $39.3 Billion; Cross-Border Regulatory Draft May Be Revised
According to BeInCrypto, Chainalysis data shows that over the year ending June 2026, the South African crypto economy expanded by 52% to $39.3 billion, with increases across all tracked activity categories. Commercial payments, including those from South African merchants and P2P traders, reached $8.34 billion, outpacing institutional activity ($1.29 billion in inflows); stablecoin inflows through Sub-Saharan African P2P channels totaled $14.6 billion, on par with Bitcoin. A draft regulatory framework for crypto asset management released by the South African Treasury and Reserve Bank (SARB) on August 3 would stipulate that individuals may only transfer crypto assets abroad through authorized local service providers within existing foreign exchange limits, while businesses are prohibited from cross-border transfers of crypto assets. As of March 31, the Financial Sector Conduct Authority (FSCA) had issued licenses to 310 crypto asset service providers, though these entities must still secure separate authorization from the SARB. On October 21, Finance Minister Enoch Godongwana stated that after receiving thousands of public submissions, the Treasury will aim to release a revised second draft, with no timeline currently announced.
Grayscale Announces Crypto Asset Yield Rankings: HYPE Holders Lead in Yield, CAKE Ranks Highest in Adjusted Earnings Yield
According to BeInCrypto, Grayscale released a crypto asset valuation ranking evaluated based on two metrics: "Token Holder Yield" and "Adjusted Earnings Yield". HYPE topped holder yields at 8.0%, with Lighter (LIT) following closely at 7.9%, and PancakeSwap (CAKE) ranking third at 2.6%, followed sequentially by AERO, UNI, RAY, PENDLE, AAVE, JUP, and CRV. In terms of adjusted earnings yield, CAKE led at 14.4%, with LIT at 14.1% and HYPE at 9.8%, followed sequentially by RAY, AAVE, JUP, SKY, UNI, AERO, and PENDLE. The report showed that five assets on the list had negative holder yields, including AAVE, JUP, and CRV, with CRV at -5.5% and JUP at -2.6%. Grayscale calculates holder yield as staking rewards plus buybacks minus new token issuance, so holders face dilution when new issuance exceeds total yields. While JUP's adjusted earnings yield stands at 3.5%, its holder yield remains negative.
Gate Europe Recognized as a Preferred Platform for Low-Cost Spot Trading and EUR On-Ramp in Europe, with Dual MiCA and PI License Compliance
Odaily News — According to a recently published guide to European crypto trading platforms, Gate Europe has been named one of the European platforms suited for low-cost spot trading and EUR fiat on-ramp. The platform has obtained MiCA authorization from the Malta Financial Services Authority (MFSA), offers a standard spot trading fee of 0.1%, and supports EUR funding via SEPA bank transfers. In terms of user coverage, Gate Europe can accommodate the trading needs of users ranging from beginners to advanced traders, with strong suitability for spot trading users; in response to European users' asset migration needs, the platform also supports migration from USDT to USDC. BeInCrypto previously included Gate Europe in its guide to MiCA-licensed platforms, and continues to follow its regulatory progress and service capabilities in the European market.Currently, Gate Europe has taken the lead in obtaining the EU's Markets in Crypto-Assets Regulation (MiCA) license and a Payment Institution (PI) license, continuously strengthening its compliance foundation in the European market. Meanwhile, Gate Connect, Gate Card, and related support systems have completed PCI DSS v4.0.1 Level 1 compliance assessment. Against the backdrop of the full implementation of the MiCA regulatory framework and European users' growing attention to legal entities, scope of authorization, and fiat channels, Gate Europe is leveraging its compliance credentials to provide European users with a more comprehensive digital asset trading and fund services experience. (BeInCrypto)
Campaign of Brazil's pro-Bitcoin presidential candidate suspended, over $6.4 million in public funds frozen
According to BeInCrypto, Brazil's Superior Electoral Court (TSE) ruled on August 31 to suspend presidential candidate Renan Santos's digital campaign and freeze approximately 3.3 million reais (about $640,000) in public campaign funds. Justice Dias Toffoli ruled that because Santos registered his 16 campaign social media accounts 12 days past the filing deadline, he violated regulations. He was barred from participating in debates and placing paid political advertisements, with a fine of 50,000 reais (about $10,000) imposed for each violation. Santos had publicly pledged at the "Rio Blockchain 2026" conference on August 13 that if elected, he would establish a national Bitcoin reserve and turn Rio de Janeiro into a "crypto-friendly" city, while abolishing the Financial Operations Tax (IOF), making him the only candidate in this election to openly support a Bitcoin reserve. Santos termed the ruling "censorship" and stated he would pursue an appeal. His candidacy has not been revoked, and street campaigning may continue. Brazil's general election will take place on October 4.
Kylie Jenner's X Account Allegedly Hacked to Promote Same-Named Meme Coin; Market Cap Surges Then Drops 68%
According to BeInCrypto, Kylie Jenner’s X account appears to have been compromised, with an attacker posting the ticker and Pump.fun page link for the Solana-based memecoin kylie before the post was subsequently deleted. The token’s market cap briefly spiked to approximately $1.19 million before retreating by around 68%; at press time, it stood at roughly $378,500.
Bank of Italy Research: Stablecoin Cross-Border Remittance Costs Not Lower Than Traditional Channels
According to BeInCrypto, a field research report recently released by the Bank of Italy shows that stablecoins do not possess a systemic cost advantage in cross-border remittances. Researchers tested USDC transfers of $200 through 10 actual remittance corridors, covering routes between Italy and Argentina, Brazil, South Africa, the UAE, and Japan, with total fees ranging from 0.3% to nearly 9%, showing a significant disparity. The study found that on-chain transfers themselves accounted for an average of only 0.4% of the total cost; what truly drove up fees were steps still reliant on banks and exchanges, such as funding, currency conversion, and withdrawal. Taking the UAE-to-Italy corridor as an example, where bank transfers were unavailable and credit card funding was forced, fees alone reached as high as 3.8%. Meanwhile, transfer speeds also differed significantly due to variations in destination payment infrastructure. Instant payment systems like Brazil's Pix could complete settlement within 20 minutes, while South Africa required 1 to 2 business days, no different from traditional bank wire transfers. The report pointed out that stablecoins currently still heavily rely on the banking system they attempt to replace, and the narrative that "stablecoins are quietly replacing traditional payment rails" remains unsubstantiated.
Related news
South Africa’s Crypto Economy Grows 52% Over the Past Year to $39.3 Billion; Cross-Border Regulatory Draft May Be Revised
According to BeInCrypto, Chainalysis data shows that over the year ending June 2026, the South African crypto economy expanded by 52% to $39.3 billion, with increases across all tracked activity categories. Commercial payments, including those from South African merchants and P2P traders, reached $8.34 billion, outpacing institutional activity ($1.29 billion in inflows); stablecoin inflows through Sub-Saharan African P2P channels totaled $14.6 billion, on par with Bitcoin. A draft regulatory framework for crypto asset management released by the South African Treasury and Reserve Bank (SARB) on August 3 would stipulate that individuals may only transfer crypto assets abroad through authorized local service providers within existing foreign exchange limits, while businesses are prohibited from cross-border transfers of crypto assets. As of March 31, the Financial Sector Conduct Authority (FSCA) had issued licenses to 310 crypto asset service providers, though these entities must still secure separate authorization from the SARB. On October 21, Finance Minister Enoch Godongwana stated that after receiving thousands of public submissions, the Treasury will aim to release a revised second draft, with no timeline currently announced.
US government sells 4.45 million seized Anthropic shares, cashing out $627 million to repay FTX creditors
Odaily reports: The U.S. government has sold 4.45 million Anthropic shares seized from FTX, obtaining approximately $627 million, with the funds to be used to repay FTX creditors.According to the S-1 filing submitted by Anthropic, this batch of shares was resold to 9 buyers. Based on the valuation ahead of Anthropic's planned Nasdaq listing under the ticker symbol ANT, these shares are currently worth approximately $3.94 billion. (BeInCrypto)
Grayscale Announces Crypto Asset Yield Rankings: HYPE Holders Lead in Yield, CAKE Ranks Highest in Adjusted Earnings Yield
According to BeInCrypto, Grayscale released a crypto asset valuation ranking evaluated based on two metrics: "Token Holder Yield" and "Adjusted Earnings Yield". HYPE topped holder yields at 8.0%, with Lighter (LIT) following closely at 7.9%, and PancakeSwap (CAKE) ranking third at 2.6%, followed sequentially by AERO, UNI, RAY, PENDLE, AAVE, JUP, and CRV. In terms of adjusted earnings yield, CAKE led at 14.4%, with LIT at 14.1% and HYPE at 9.8%, followed sequentially by RAY, AAVE, JUP, SKY, UNI, AERO, and PENDLE. The report showed that five assets on the list had negative holder yields, including AAVE, JUP, and CRV, with CRV at -5.5% and JUP at -2.6%. Grayscale calculates holder yield as staking rewards plus buybacks minus new token issuance, so holders face dilution when new issuance exceeds total yields. While JUP's adjusted earnings yield stands at 3.5%, its holder yield remains negative.
Circle CEO: Not Tracking Bitcoin Prices, Focusing on Non-Speculative Digital Dollar for the AI Era
According to BeInCrypto, Circle CEO Jeremy Allaire told CNBC that he is less focused on the specific price trends of digital assets like Bitcoin, and instead concentrates on building a non-speculative digital dollar for payments, trading, lending, and investment, while noting that AI agents will drive demand for digital dollars and machine-native blockchains (no specific data provided).
Jim Cramer: Prefers Gold Over Bitcoin for Portfolio Hedging
According to BeInCrypto, CNBC host Jim Cramer responded to an investor's question on Mad Money, stating that compared to Bitcoin (BTC), he prefers to hedge his portfolio with physical gold bars; if holding physical gold is not feasible, he recommended gold ETFs such as SPDR Gold Shares (GLD). Cramer advised allocating new funds equally among index funds and five self-selected individual stocks, then using gold or Bitcoin to "hedge" the portfolio. He did not deny Bitcoin's hedging function, merely citing a personal preference. Cramer also cautioned investors not to be tempted by low prices to buy junk stocks or low-quality tokens, describing Bitcoin and Ethereum (ETH) as more proven cryptocurrencies.
Gate Europe Recognized as a Preferred Platform for Low-Cost Spot Trading and EUR On-Ramp in Europe, with Dual MiCA and PI License Compliance
Odaily News — According to a recently published guide to European crypto trading platforms, Gate Europe has been named one of the European platforms suited for low-cost spot trading and EUR fiat on-ramp. The platform has obtained MiCA authorization from the Malta Financial Services Authority (MFSA), offers a standard spot trading fee of 0.1%, and supports EUR funding via SEPA bank transfers. In terms of user coverage, Gate Europe can accommodate the trading needs of users ranging from beginners to advanced traders, with strong suitability for spot trading users; in response to European users' asset migration needs, the platform also supports migration from USDT to USDC. BeInCrypto previously included Gate Europe in its guide to MiCA-licensed platforms, and continues to follow its regulatory progress and service capabilities in the European market.Currently, Gate Europe has taken the lead in obtaining the EU's Markets in Crypto-Assets Regulation (MiCA) license and a Payment Institution (PI) license, continuously strengthening its compliance foundation in the European market. Meanwhile, Gate Connect, Gate Card, and related support systems have completed PCI DSS v4.0.1 Level 1 compliance assessment. Against the backdrop of the full implementation of the MiCA regulatory framework and European users' growing attention to legal entities, scope of authorization, and fiat channels, Gate Europe is leveraging its compliance credentials to provide European users with a more comprehensive digital asset trading and fund services experience. (BeInCrypto)