News linked to both this project and an event.
Odaily Block News: Bitget has launched the 11th CFD King Championship, with a total prize pool of 75,000 USDT. The participation period runs from August 31 at 21:00 to September 7 at 21:00 (UTC+8). During the event, users who complete designated CFD trading tasks will earn opportunities to draw mystery boxes, with a 100% chance of winning USDT cash vouchers.Additionally, users who invite new users to complete trading tasks will receive USDT rewards for both the inviter and the invitee. Users who meet daily trading thresholds can also accumulate points to share in a 7,600 USDT points prize pool. The top 470 users by cumulative trading volume will collectively share a 47,400 USDT ranking prize pool, with the champion taking home 4,000 USDT. For more details, please refer to Bitget's official platform.
According to The Block, advocacy group Public Citizen published a report stating that investors in five cryptocurrency products linked to U.S. President Trump face at least $4.7 billion in losses, primarily unrealized losses; meanwhile, Trump has generated at least $1.4 billion in revenue through related crypto businesses in 2025.
According to The Block, OpenSea has integrated Perplexity Computer, enabling its AI agents to use OpenSea's on-chain marketplace data to answer queries about tokens, collectibles, and activities across more than 25 blockchains.
According to The Block, Evernorth Holdings, an XRP treasury company, announced that its S-4 Registration Statement filed with the U.S. Securities and Exchange Commission (SEC) has officially become effective. The registration covers Evernorth's business combination with SPAC Armada Acquisition Corp. II, after which it is expected to commence trading on Nasdaq under the ticker symbol "XRPN". The S-4 document registers up to 34,499,992 shares of Class A common stock and 11,499,992 warrants. Positioned as a regulated digital asset treasury company, Evernorth focuses on XRP investment exposure and plans to actively deploy capital into XRP infrastructure projects. Its investors include institutional backers such as Ripple, Arrington Capital, SBI Group, Pantera Capital, Kraken, and GSR. The merger is anticipated to close in late Q3 or early Q4 of 2026, pending shareholder approval.
Odaily News - PURR, a token related to the Hyperliquid ecosystem, rose approximately 15% after Hyperliquid Strategies published its "HYPE Treasury" and balance sheet updates.According to the disclosure, Hyperliquid Strategies has completed a $647 million equity financing round and increased its HYPE token reserve to 29.3 million tokens, valued at approximately $1.9 billion based on fiscal year-end prices—more than doubling from its previous size.The company stated that it subsequently invested an additional $773.4 million to acquire approximately 16.5 million HYPE tokens at an average purchase price of $46.77. The company said the continued expansion of its HYPE holdings is aimed at building a "fortress balance sheet" to strengthen long-term support for the Hyperliquid ecosystem.Market observers believe that sustained institutional allocation to HYPE assets has further reinforced expectations regarding the Hyperliquid ecosystem's value-capture capabilities, driving related ecosystem tokens like PURR higher. (The Block)
According to The Block, StarkWare announced it has successfully executed the first post-quantum Bitcoin transaction. Avihu Levy, Head of Applications, used a "signature grinding" approach to repeatedly generate millions of candidate signatures before the transaction entered the Bitcoin mempool, thereby avoiding the exposure of mathematical data related to public keys that could be exploited by future quantum computers to forge signatures. This method incurs significant computational costs, with a single transaction potentially taking several hours. Because the transaction format is unrecognized by standard Bitcoin nodes, it bypassed the public mempool and was submitted directly to miners for inclusion via MARA’s Slipstream service. StarkWare noted that while this technique can serve as a transitional safeguard, Bitcoin will still require protocol-level upgrades or a hard fork to systematically mitigate quantum computing threats.
Odaily Block News: The first proceeds from Hyperliquid's AQAv2 mechanism are expected to enter the Hyperliquid Assistance Fund on October 3. The market anticipates the initial fund size could reach approximately $20 million, which will be used to repurchase HYPE. AQAv2, or Aligned Quote Asset v2, is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins not exclusively issued by Hyperliquid—including USDC—to qualify for "Aligned" status. According to public information, AQAv2 returns the majority of stablecoin yields to the Hyperliquid ecosystem, with 90% of the proceeds allocated to the relevant mechanism and subsequently used entirely for repurchasing and burning HYPE tokens. Coinbase has been designated as the fund deployment party, with Circle responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. Analysts estimate that this mechanism could add approximately $135 million to $160 million in annual HYPE buyback pressure.
According to The Block, Arcus has launched the pToken protocol on Robinhood Chain, which converts positions in perpetual contract accounts with fixed markets and leverage levels into transferable ERC-20 tokens that can be used in on-chain protocols such as lending. The initial release supports leveraged exposure to BTC, SOL, HYPE, and select stock tokens, while also introducing multi-asset collateral functionality that enables SPY, QQQ, and MAG7 tokens to serve as collateral for perpetual trading.
According to The Block, Bitwise has launched an automated token portfolio that allows eligible non-US users in supported jurisdictions to automatically copy and rebalance professionally designed portfolios tracking Coinbase's tokenized US stocks directly within self-custody wallets.
According to The Block, Franklin Templeton has partnered with HashKey Exchange in Hong Kong to launch the Franklin OnChain U.S. Government Liquidity Fund on its Earn channel, offering tokenized money market fund products to professional investors across Asia. The fund primarily invests in U.S. government money market instruments and USD cash assets, and is not currently available to the retail public in Hong Kong. Franklin Templeton stated that both parties plan to expand their cooperation from tokenized money market funds to more tokenized products in the future, leveraging HashKey’s multi-jurisdictional platforms covering Hong Kong, Singapore, Tokyo, Dubai, and Bermuda to drive distribution. Previously, the firm launched Hong Kong's first tokenized money market fund in November 2025. Data shows that as of August 23, the global tokenized RWA asset market reached $38.2 billion, with tokenized U.S. Treasuries accounting for approximately $15.6 billion.
According to The Block, the Blockchain Association has submitted comments on the stablecoin issuer rules under the GENIUS Act, proposed jointly by U.S. Treasury agencies including the Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the Federal Reserve. The association supports limiting Customer Identification Program (CIP) obligations to direct customer transactions in the primary market, emphasizing that they should not extend to peer-to-peer transfers in the secondary market. It also calls on regulators to further clarify the definitions of "account," "customer," and "digital asset service provider," exempt one-time redemptions and other non-recurring activities, and avoid duplicative compliance burdens alongside anti-money laundering regulations. The association stated that the implementation of the rules must strike a balance between ensuring stablecoin security, maintaining operational feasibility, and preserving room for industry innovation.
According to Odaily, blockchain network BNB Chain has activated the Pasteur hard fork on the BNB Smart Chain (BSC) mainnet. The upgrade addresses cross-chain bridge verification, validator authorization, staking, and governance security, while increasing block capacity without altering the 450-millisecond block time.This upgrade includes BEP-682, BEP-695, and BEP-675, which pertain to duplicate validator entries, validator key rotation and penalty governance, and the block submission process, respectively. In the internal test environment QANet, the new process increased throughput from 1,237 transactions per second to 2,324 transactions per second, though these figures are from controlled tests and do not represent mainnet measurements. (Cointelegraph)
Odaily Block News, According to official sources, Gate Social is now open for recruitment of streamers and content creators. Participants can share market insights, interpret market trends, and discuss trading strategies by publishing posts, hosting live streams, and engaging in live interactions. This recruitment offers multiple incentives: both posting and live streaming can participate in creation mining, with rewards distributed weekly and up to 60% commission rebates available; new streamers who complete designated challenges can receive VIP5 trial benefits, while top streamers can earn GT cash rewards worth up to $100. Newly certified creators who complete their first post and related creation tasks may also unlock additional rewards.Additionally, creating content or hosting live streams around popular topics such as the top five European football leagues and Gate event contracts provides opportunities to participate in daily cash rewards, position trial vouchers, and other hot topic event bonuses. Outstanding creators will have the chance to receive official certification, traffic recommendations, and fan support benefits, and will be invited to participate in Gate's official live streams and themed events.
According to The Block, Securitize President Brett Redfearn stated that the U.S. Securities and Exchange Commission withdrew the crypto innovation exemption rules last Friday due to concerns over the voting progress of the Clarity Act. Redfearn expects the rules to be introduced following the Senate vote on September 15, likely in early October.
According to The Block, Curve founder Michael Egorov stated that regulatory pressure from the Financial Action Task Force (FATF) on decentralized finance (DeFi) may prompt protocols to remove privileged access, upgrade risks, and the ability to intervene with user funds, thereby improving DeFi security and enhancing decentralization.
According to The Block, Kraken has officially launched US stock trading services for eligible users in all member states of the European Economic Area (EEA). It is reported that the service was previously quietly launched in Germany, the Netherlands, and France, and is now officially fully open to the entire European Economic Area. Kraken stated that it is currently the only crypto-native platform capable of providing European Economic Area users with trading of both spot US stocks and their tokenized versions within the same regulated account.
Harmony has released a rollback plan, planning to retain Shard 0 Block 92,730,034 and Shard 1 Block 94,978,278, both corresponding to 23:25:37 UTC on August 11, 2026. Validators will use a replacement database, and the new client version will reject the relevant anomalous block hashes, subsequently continuing block production from the new block height.
Bitcoin News announced on X platform that @BitcoinatBlock has updated its Bitcoin roadmap, having rolled out multiple features across its products over the past year. Recently launched features include: - Cash App supports Bitcoin purchases via ACH. - More readable Bitcoin addresses. - Dollar payments via the Lightning Network. - Square merchants support Bitcoin payments and Tap to Pay. - 5% Bitcoin cashback. - Increased withdrawal limits and reduced fees. - Open-source mining management through Proto. Features currently in development include: automatic withdrawals to Bitkey, Coin Control, multi-account support, and multi-beneficiary inheritance.
Odaily News Tether CEO Paolo Ardoino, in an interview with The Block, responded to ongoing criticism from outsiders even after KPMG U.S. completed its first full financial audit. He stated that some critics are unwilling to admit their past misjudgments about Tether, adding, "Honestly, I don't care."Ardoino noted that Tether has repeatedly demonstrated its resilience. He mentioned that in 2022, Tether processed $7 billion in redemptions within 48 hours—equivalent to roughly 10% of its reserves at the time—without pausing redemptions. He argued that many traditional financial institutions would struggle to handle withdrawals of a similar scale in such a short timeframe.He also said criticism itself is not a bad thing, as it makes Tether better and stronger. Even if some critics view the company as a "villain," he does not mind as long as Tether can continue serving the 650 million users who rely on USDT, particularly those in emerging markets.According to sources familiar with the matter, Tether, as a private company, does not publicly share audited financial statements. The company plans to conduct one full audit per year going forward while continuing to publish quarterly attestation reports. Overall, the KPMG audit marks a significant step forward for Tether in enhancing transparency, but controversies surrounding its reserves, level of disclosure, and systemic impact have not fully subsided. (The Block)
According to The Block, the Blockchain Association filed an amicus curiae brief on August 13 supporting Custodia Bank's appeal to the U.S. Supreme Court, requesting a review of the legality of the Federal Reserve Bank's refusal of its master account application. The Blockchain Association pointed out that this case concerns whether legitimate digital asset enterprises can compete in a fair environment, and warned that the lower court ruling provides a precedent for federal regulators "to debank unpopular industries in the future without the intervention of state regulators." Custodia Bank was founded by Wall Street veteran Caitlin Long, applied for a Fed master account in October 2020, was rejected by the Federal Reserve Bank of Kansas City in January 2023 on the grounds that the crypto business model posed risks, subsequently lost twice in the district court and the Tenth Circuit Court of Appeals, and was denied rehearing by the full court in a 7 to 3 vote in March 2026. The Federal Reserve Bank of Kansas City must respond to the Supreme Court application by September 11.