Quick Breakdown  ARK Invest added $4.4M in BitMine shares, raising total holdings to $284M. BitMine now controls over 2M ETH, 42% of corporate Ethereum treasuries. Tom Lee expects Fed rate cuts to boost crypto and small-cap equities. ARK...

Quick Breakdown  Sky, formerly Maker, submitted a bid to build Hyperliquid’s USDH stablecoin. Proposal includes 4.85% yield, multichain access, and compliance options. Sky joins Native Markets, Frax, Paxos, and Agora in the high-stakes contest. Sky Tables Bid for...

Quick breakdown  Based receives strategic funding from Ethena Labs to drive USDe adoption on Hyperliquid. Ethena will also roll out USDtb and other products through the partnership. USDe’s market cap has surged to $12.8B, with integrations on FalconX...

Quick Breakdown Hyperliquid’s validators will decide the USDH stablecoin issuer in a governance vote on September 14. Four contenders, Paxos, Frax, Agora, and Native Markets, have submitted competing proposals. The announcement pushed HYPE token up 12%, near its...

Quick Breakdown  Over 77 firms have shown interest in Hong Kong’s stablecoin licenses, including ICBC, Standard Chartered, and PetroChina. Lawmakers stress that approvals will be scarce, with possibly only one license issued in the first round. Regulators are...

Quick Breakdown  Backpack EU, operating as Trek Labs Europe, has launched a perpetual futures platform in Europe. The company refunded all former FTX EU customers before relaunching. CySEC reinstated its MiFID II license after a €200,000 settlement for...

Quick Breakdown Sonic will issue 633.9M new S tokens to fund U.S. expansion, ETF plans, and a NASDAQ PIPE. Supply expands by 14%, but new burn mechanics are introduced to counteract dilution. The governance proposal passed with 99.98%...

Quick Breakdown  Kinto Network shutting down after fundraising collapse and a $1.6M hack. Investors face steep losses, with Kinto token down over 80% since the news. Recovery plan in place, lenders to recover 76% while hack victims receive...

Quick Breakdown  Standard Chartered expects the Fed to cut rates by 50 bps in September, citing weak U.S. labour data. Bank of America forecasts two smaller rate cuts, while markets await Powell’s speech on September 17. Bullish sentiment...

Quick Breakdown  South Korea’s FSC capped crypto lending interest at 20% and banned leveraged loans. Only top 20 tokens or those listed on three or more local exchanges qualify for lending. Exchanges must fund lending with their own...