News linked to both this project and an event.
The official Pons account posted an update on the token burn progress on the X platform. To date, 29% of the total PONS token supply has been burned, and the Pons Treasury continues to use 80% of protocol fee revenue to accumulate PONS. According to market data from GMGN, the Robinhood Chain ecosystem token PONS surpassed a $214 million market cap to hit a new all-time high, currently standing at $208 million, with a 24-hour gain of 61.32%.
Odaily News: Arthur Hayes stated that investors should prepare to buy Bitcoin and expects Bitcoin to perform well in the coming years. He believes that if the U.S. continues to expand its money supply, Bitcoin's price could ultimately rise to $250,000.Bitcoin has risen about 20% since mid-August, adding $300 billion to its total market capitalization within hours. Scott Bessent previously pledged to support the bond market, and this week it was noted that the Treasury may tap nearly $1 trillion from the Treasury General Account to fund bond purchases.Gadi Chait, investment manager at Xapo Bank, said Bitcoin rose about 23% last week, marking its largest weekly gain since March 2023. During the same period, U.S. spot Bitcoin ETFs saw net inflows of approximately $1.9 billion, with record short liquidations further fueling the rally. (Forbes Digital Assets)
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 Globenewswire, Genius Group announced a $1.2 billion capital plan to fund its AI treasury and Bitcoin treasury through the issuance of perpetual preferred securities. The company aims to reach $2 billion in total assets by fiscal year 2031, with target allocations of $800 million for the AI treasury and $827 million for the Bitcoin treasury.
Odaily News: Uniswap founder Hayden said in a post on X that he cannot ignore the theory of correlation trading pairs when observing various things, and noticed that the second-largest Uniswap pool on Base is the Jito staked SOL/BTC trading pair, which aligns with the logic of correlation trading pairs.In an article titled "Correlation Trading Pairs: How AMMs Win the Biggest Markets," Hayden stated that AMMs have the potential to become the core engine of all financial markets, and tokenization will make markets programmable, changing market types, market makers, and the assets being traded.He said Uniswap has been operating autonomously since its launch in 2018, with cumulative trading volume exceeding $4.6 trillion, and has helped increase the proportion of decentralized exchanges relative to centralized spot trading volume from less than 1% to over 20%. As AMMs have developed, their liquidity has gradually formed a structure of correlation trading pairs.He pointed out that AMMs initially achieved product-market fit in the long-tail asset market, and then stablecoin trading pairs developed. Due to the lower capital costs of passive strategies, the demand for professional market making in stablecoin trading pairs has been squeezed.Hayden said traditional financial markets are dominated by market-making firms that integrate capital, trading strategies, execution technology, settlement, and distribution into a single vertical business. Citadel Securities handles approximately 25% of US stock trading volume, with net trading revenue reaching $12.2 billion last year and trading capital of approximately $21 billion.He believes blockchain can unbundle the different components of traditional market-making businesses: code handles execution, shared services provide custody and settlement, and open-source software replaces proprietary infrastructure. The scarce factor of capital in AMMs is capital itself, and participants who can hold inventory at lower costs gain an advantage.Hayden said liquidity providers face lower inventory risk when holding assets with similar price movements, and liquidity will deepen as a result. Ethereum ecosystem assets typically trade against ETH, Solana ecosystem assets typically trade against SOL, stablecoins trade in pairs with each other, and a few high-liquidity trading pairs are responsible for connecting different asset clusters.He noted that once tokenized assets share the same settlement layer, any asset can trade directly against any other asset. For example, NVIDIA/USD can become NVIDIA/SPY and connect to the dollar through SPY/USD; oil companies can trade against oil ETFs or tokenized oil, and private credit can trade against tokenized US Treasury funds.Hayden said traditional market makers typically pursue delta neutrality, reducing risk by denominating in USD and hedging non-USD exposure, which increases market-making costs. A market structure consisting of low-volatility correlation trading pairs and a few high-
Odaily News: Hyperscale Data, Inc. (NYSE: GPUS), an AI data center and Bitcoin-related enterprise, announced that its wholly-owned subsidiary Gresham Worldwide, Inc.'s radio frequency (RF) business secured approximately $5.4 million in new orders between July and August 2026, primarily from U.S. defense programs and prime defense contractors.These orders cover RF and microwave components supporting radar, electronic warfare, communications, and other mission-critical systems, and are expected to be produced and delivered by the relevant business units of Gresham Worldwide. The company stated that the new orders reflect the continued growth in demand for high-reliability RF technology and critical components in the U.S. defense sector. (PRNewswire)
The U.S. Department of the Treasury has announced the establishment of the "Quantum Readiness Working Group," aimed at supporting an orderly and operationally resilient transition of the financial sector toward quantum-safe technologies. Operating under a public-private partnership model, the working group will focus on post-quantum cryptography migration, third-party and vendor readiness, and risks associated with digital assets and emerging technologies, in order to address the long-term cybersecurity challenges that future quantum computing may pose to the cryptographic protection of financial data, payment systems, digital identity, and market infrastructure.
Former X product lead Nikita Bier said that X now supports adding Solana and Ethereum charts to posts and plans to launch a trade button soon. Users can also paste the contract addresses of newly issued tokens. He also stated that the strength in the crypto market is linked to the US Treasury's announcement of bond buybacks and the weakening of the US dollar.
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.
Odaily News: The U.S. Department of the Treasury has expanded its sanctions framework against Iran to include the digital asset sector, stating that related crypto payments exceeding $100 million have been used to facilitate Iranian crude oil sales. The Treasury's Office of Foreign Assets Control (OFAC) has also imposed sanctions on nearly 60 entities, individuals, and vessels involved in nuclear, missile, cyber, and crude oil networks.This digital asset-related sanctions designation allows OFAC to sanction foreign individuals and companies operating in Iran's digital asset sector or providing support services to related fields. The U.S. Treasury stated that Iran is increasingly using cryptocurrencies to evade sanctions, including processing transactions linked to Iran's Islamic Revolutionary Guard Corps (IRGC) and government insiders.The U.S. Treasury stated that Ivan Obukhov, a Ukrainian national based in the UAE, has processed over $100 million in crypto payments since 2023 to facilitate crude oil sales on behalf of the IRGC's Quds Force. OFAC has added Ivan Obukhov and his UAE-based company, Foscom FZE, to the sanctions list. (Cointelegraph)
The U.S. Department of the Treasury announced sanctions against nearly 60 Iran-related entities and proposed potential secondary sanctions targeting sectors such as digital assets and gold. The Middle East conflict is intensifying, with a large number of commercial vessels rerouting around the Strait of Hormuz, as regional tensions continue to escalate.
According to CNBC, two senior U.S. Treasury officials revealed that the Treasury may tap the Treasury General Account (TGA), which holds a balance nearing $1 trillion, to fund its recently announced expansion of a government bond purchase program. Utilizing the TGA would grant the Treasury greater capacity to influence long-term bond yields.
Odaily News - Investment manager Lawrence Lepard, author of The Big Print, stated that even if the CLARITY Act (Digital Asset Market Clarity Act) passes the Senate with 60 votes, stablecoin demand will not be sufficient to improve the current state of the U.S. Treasury market.He noted that the current stablecoin market cap stands at approximately $255 billion, primarily backed by U.S. Treasuries purchased by Circle and Tether, down from $263 billion in January. The U.S. Treasury needs to roll over more than $8 trillion in debt annually, with stablecoins covering only about 3% of that amount.In 2025, the share of U.S. debt held by foreign entities has dropped to 32%, down from 57% after the financial crisis. Coinbase Chief Policy Officer Faryar Shirzad stated that dollar-backed stablecoins could convert overseas demand for digital dollars into demand for U.S. Treasuries. (Bitcoin.com News)
In its published analysis, BIT notes that Bitcoin is experiencing its strongest rally since the collapses of Silicon Valley Bank and Signature Bank in March 2023. During that period, US authorities implemented emergency measures to stabilize the banking system, and the current market sentiment mirrors that era—the recent interventions by the US Treasury in the Japanese yen FX market and bond markets have heightened investor expectations for further macroeconomic policy support. Meanwhile, the SEC's proposed regulatory framework for crypto assets has sent increasingly favorable signals, further bolstering market sentiment. BIT's official Chinese-language analysis indicates that Bitcoin has regained its upward momentum, aligning closely with the scenarios discussed in research over the past several weeks.
Odaily News: Ray Dalio, founder of Bridgewater Associates, stated that the US debt could reach $55 trillion to $60 trillion over the next 10 years. If the fiscal path remains unchanged, a full-blown debt crisis could occur within about 3 years, with a margin of error of plus or minus 2 years.Ray Dalio recommends investors allocate 10% to 15% of their funds to gold, along with a small allocation to Bitcoin, while reducing exposure to debt assets such as bonds. He noted that non-government-issued currencies like gold and Bitcoin may perform relatively well.According to data from the US Treasury Department, as of the end of the business day on August 18, the total public debt balance stood at $40.05 trillion, surpassing $40 trillion for the first time.On August 19, the US Treasury announced an expansion of its long-term liquidity support repurchase program, increasing the maximum single repurchase size for certain 10-year to 30-year securities from $2 billion to at least $4 billion. The measures take effect from September 9 to November 4. (Bitcoin.com News)
Odaily News: The Bank Policy Institute (BPI), an organization representing major banks including JPMorgan, Bank of America, Wells Fargo, and Citi, has proposed that the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) expand Customer Identification Program (CIP) requirements to stablecoin secondary markets, covering exchanges and other platforms that establish direct account relationships with retail customers.BPI stated that relevant exchanges and platforms handle a substantial volume of purchasing and selling activity within the payment stablecoin ecosystem, and that the majority of stablecoin-related illicit activity occurs in this space. Should the proposal be incorporated into the rules, affected platforms would be required to collect customer information under the Bank Secrecy Act, and decentralized exchanges could also fall within the regulatory scope.FinCEN's proposed rule notes that secondary market transactions of stablecoins on the blockchain typically involve anonymous or pseudonymous identities, with no centralized node collecting identity information, and that issuers have limited ability to gather customer data from secondary markets. BPI has also joined other banking organizations in opposing the current version of the Digital Asset Market Clarity Act. (Bitcoin.com News)
QCP reported that Bitcoin's rise is linked to declining US long-term Treasury yields and a weakening US dollar, following the US Treasury's announcement to expand the scale of its long-term Treasury liquidity support repurchase agreements starting September 9. Markets will now focus on the US July PCE data on August 26, the Jackson Hole Global Central Bank Symposium from August 27 to 29, and the Federal Reserve's policy meeting on September 15–16. QCP believes that the key factor for the current cryptocurrency market is whether spot demand can sustain itself following initial position adjustments, particularly amid the backdrop of rising leverage.
According to TechFlow research, Morgan Stanley's August 20 report noted that the U.S. Treasury will increase the size of its liquidity-supporting repo operations for the 10-to-20-year and 20-to-30-year tenors from $2 billion per transaction to at least $4 billion, effective September 9. This marks the first adjustment to the repurchase volume outside of the quarterly refinancing window since the repo program launched in May 2024. The two tenors combined add $1.6 billion in notional amount, corresponding to approximately $19.3 million in DV01 (price change per one-basis-point move in rates), with a risk impact roughly double that of the November 2023 "supply surprise." Morgan Stanley stated that the Treasury's decision to expand repurchases ahead of schedule outside the quarterly refinancing window aims to signal close monitoring of long-end interest rate dynamics to the market, thereby buying time for the November refinancing window. The recent rise in the 10-year Treasury yield and curve steepening primarily reflect the market's repricing of energy prices and central bank policy trajectories, rather than concerns over deficits or supply. Morgan Stanley maintains its recommendation for a 7-year versus 30-year Treasury curve steepening trade, targeting a spread of 100 basis points (currently around 71 basis points). On the FX front, coordinated volatility in gold and the Swiss franc hit an annual peak on August 19; should the U.S. dollar policy narrative reassert itself, EUR/USD is likely to approach 1.2150.
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)