Morning News | Metaplanet plans to raise over $800 million; Binance Alpha and Binance Futures will launch Hemi (HEMI) on August 29; Hong Kong Digital Asset Listed Companies Federation officially established
Overview of Important Market Events on August 27Organizer: liec, ChainCatcher
Important News:
- Binance Alpha and Binance Futures will launch Hemi (HEMI) on August 29
- Multiple whales operating XPL made nearly $38 million in profit in just 1 hour; a user from the "Catch qwatio Squad" lost $2.5 million despite using a 10% hedging strategy
- BetterBank on PulseChain was attacked, with losses estimated at $5 million
- Binance conducted an Alpha airdrop yesterday at 21:30, with a threshold of 260 points for the first phase
- Metaplanet plans to raise over $800 million, mainly to increase its Bitcoin holdings
- The Hong Kong Digital Asset Listed Companies Federation was officially established, with 49 institutions selected as founding members
- U.S. prosecutors appealed the ruling in the HashFlare fraud case, involving $577 million
- Aave Labs launched the stablecoin lending platform Horizon
*Important Data from Yesterday：*
According to @mlmabc's monitoring, a wallet address went long on millions of XPL on Hyperliquid after 5:35 AM this morning, directly clearing the entire order book. He then began to close some long positions, making $16 million in just one minute. XPL surged to $1.8 within 2 minutes, an increase of over 200%.
He currently still holds 15.2 million XPL (worth about $10.2 million), and mlm stated, "This is one of the craziest liquidation events I've seen on Hyperliquid."
According to Lookonchain's monitoring, by significantly going long on XPL and pushing the price up to $1.8, a 200% increase, three whale wallets cleared other people's positions in less than an hour, earning nearly $38 million in profit.
A wallet address went long on millions of XPL on Hyperliquid after 5:35 AM this morning, directly clearing the entire order book and squeezing all short positions. He then began to close some long positions, making $16 million in just one minute.
Meanwhile, a representative from the whale-hunting squad targeting insider @qwatio, @Cbb0fe, stated that during this XPL liquidation event, he executed a 10% hedging operation on his XPL token assets on the HyperliquidX platform, using 1x leverage to short and providing a large amount of collateral for protection, but ultimately still suffered a loss of $2.5 million. The user stated, "I will never touch this isolated market again."
According to @ai 9684xtpa's monitoring, four major addresses participated in the targeting operation against XPL hedging shorts, with total profits reaching $46.1 million.
The leading address 0xb9c…6801e began accumulating long positions multiple times starting August 24 and made a large purchase at 05:35 AM today, directly clearing the entire order book, making $16 million in profit in just one minute.
The other three cooperating addresses began to close positions for profit when the XPL price reached a temporary high. Analysis shows that two of the addresses have the same source of funds, and the margin for the three main addresses was obtained through debridge cross-chain, indicating similar operational habits and showing characteristics of coordinated action.
*Project Updates from Yesterday：*
Google Cloud announces its L1 blockchain GCUL information, currently in private testnet phase
According to Rich Widmann, head of Google Web3 strategy, recent discussions about Layer 1 blockchains have brought Google’s own Layer 1—referred to as Google Cloud Universal Ledger (GCUL)—into the spotlight. As the product lead in the crypto space, you know that to build a Layer 1, it must have differentiation.
GCUL consolidates years of research and development from Google and is currently in the private testnet phase, providing a new Layer 1 for financial institutions: it is high-performance, trust-neutral, and supports Python-based smart contracts. In addition to leveraging Google's distribution capabilities, GCUL is also a neutral infrastructure layer. Tether will not use Circle's blockchain, and Adyen is unlikely to use Stripe's blockchain. However, any financial institution can build on GCUL. More technical details will be released in the coming months!
Public company KindlyMD submitted an S-3 registration statement to the U.S. Securities and Exchange Commission, planning to launch a stock issuance plan with a market value of up to $5 billion. Kindly plans to use the raised funds for: implementing Bitcoin financial strategies, supplementing working capital, acquiring businesses, assets, or technologies, capital expenditures, and/or investing in existing and future projects.
BetterBank on PulseChain was attacked, with losses estimated at $5 million
The DeFi platform BetterBank on PulseChain was attacked, resulting in losses of approximately $5 million.
The attacker has exchanged part of the stolen assets for 215 ETH (about $983,000), currently stored at: 0xf3ba0d57129efd8111e14e78c674c7c10254acae.
OKX C2C launches "Frozen Compensation" system: up to 100% compensation, with a cap of 30,000 USDT
According to the official announcement, on August 27, 2025, OKX launched the "Frozen Compensation" system. Users trading with merchants marked with "Frozen Compensation" can enjoy up to 100% compensation and a maximum compensation cap of 30,000 USDT if their receiving account is frozen due to the other party's payment, while also receiving platform financial support, enhancing both security and assurance.
It is reported that only high-quality merchants who have passed strict reviews can obtain "Frozen Compensation" qualifications, covering bulk merchants and certified merchants. Among them, bulk merchants have paid high deposits, ensuring safety and strong compensation capabilities; certified merchants are certified by the platform and provide stable compensation according to rules.
Users can quickly identify such merchants through the order delegation or filtering function.
Metaplanet plans to raise over $800 million, mainly to increase its Bitcoin holdings
According to Metaplanet's announcement, the company plans to issue no more than 555 million shares of common stock in overseas markets, expecting to raise a net amount of 130.334 billion yen (approximately $887 million).
The announcement shows that about 123.818 billion yen of the raised funds will be used to purchase Bitcoin, and 6.516 billion yen will be used for Bitcoin yield generation business.
According to The Block, MetaMask has launched a new "social login" feature that allows users to create, back up, and restore cryptocurrency wallets using Google or Apple accounts.
This feature simplifies the creation and management process of non-custodial wallets, allowing users to log in with their social accounts and create a password, while the system automatically generates a 12-word mnemonic (SRP) in the background. MetaMask emphasizes that even it cannot access users' full recovery information, thus maintaining the self-custody nature of the wallet. However, users should take care to securely store their passwords, as losing them will result in the inability to recover the wallet.
Yesterday, it was reported that Pantera Capital plans to raise $1.25 billion to acquire a listed company and transform it into a Solana investment, renaming it "Solana Co." According to insiders, Summer Capital and Avenir Group will participate, working together with Pantera Capital to launch Solana Company.
It is reported that Summer Capital, established in 2017, is one of the earliest licensed financial institutions in Asia to participate in digital asset investment. Its portfolio includes Hashkey, Immutable, Upbit, Animoca, and more. Summer Capital is also one of the founding shareholders and largest shareholders of AMINA, Switzerland's first licensed crypto bank (formerly SEBA Bank).
Avenir Group is a new investment group founded by Li Lin, focusing on investments in financial innovation and cutting-edge technology, with operations in the U.S., U.K., Japan, Singapore, and Hong Kong.
Aave Labs launched the stablecoin lending platform Horizon
Aave Labs announced the official launch of the Horizon platform, an innovative service for institutional users that allows qualified financial institutions to obtain stablecoin loans using tokenized real-world assets (RWA) as collateral. The platform is built on a permissioned version of Aave V3, aiming to provide efficient capital utilization and 24/7 lending infrastructure that meets institutional compliance requirements.
According to the official statement, qualified institutions can use tokenized securities as collateral to borrow various stablecoins, including USDC, RLUSD, and GHO, enjoying instant access and predictable liquidity support. The platform employs a mechanism to execute regulatory compliance at the token level while maintaining the permissionless nature of the stablecoin market to preserve DeFi's composability.
The first batch of partners for Horizon includes Centrifuge, Superstate, Circle, RLUSD, Ant Digital Technologies, Ethena, KAIO, OpenEden, Securitize, VanEck, Hamilton Lane, WisdomTree, and Chainlink.
The Hong Kong Digital Asset Listed Companies Federation (HKVALA) held its founding conference today in West Kowloon, attended by Hong Kong government officials and legislative council members who delivered speeches. Kong Jianping, founder of Nano Labs, was appointed as the honorary president of the federation.
The establishment of the federation aims to respond to Hong Kong's recent release of the "Hong Kong Digital Asset Development Policy Declaration 2.0" and the effective "Stablecoin Ordinance," striving to establish Hong Kong as a strategic hub for the tokenization of real-world assets (RWA). The federation brings together representative listed companies in the digital asset field, licensed financial institutions, blockchain technology solution providers, and RWA project parties, aiming to create a hub for regulatory innovation practices for stablecoins and a strategic platform for institutional-level digital financial infrastructure.
It is reported that the founding members of the federation include 49 institutional units such as New Economy Investment, China United Development Holdings, Guofu Quantum, Yunfeng Financial, OK Group, and Huaxing Capital Holdings.
Binance Alpha will launch CeluvPlay (CELB) on August 29
According to the official announcement, Binance Alpha will launch CeluvPlay (CELB) on August 29.
Eligible users can claim airdrops using Binance Alpha points on the Alpha event page after trading opens. More details will be announced soon.
Binance Wallet will launch Mitosis (MITO) TGE
According to the official announcement, Binance Wallet will launch the TGE for Mitosis (MITO) tokens from 8:00 PM to 10:00 PM on August 28, 2025.
Users need to use Binance Alpha points to participate in the subscription. Token contract trading will open at 10:30 PM on the same day. TGE details and event pages will be released soon.
Binance launches the second round of HODLer airdrop for MyShell (SHELL)
Binance will launch the second round of HODLer airdrop for MyShell (SHELL) on August 27, 2025, with a total distribution of 25,000,000 SHELL. Eligible users must use BNB to subscribe to principal-protected earning products between 08:00 on July 24, 2025, and 07:59 on July 28, 2025. The airdrop will be completed within 24 hours after the announcement is released.
Binance Alpha will launch Dexlab (XLAB), eligible users can claim airdrops
According to the official announcement, Binance Alpha will first launch Dexlab (XLAB) on August 29.
Eligible users can claim airdrops using Binance Alpha points on the Alpha event page after trading opens. More details will be announced soon.
Binance HODLer airdrop is now live for Dolomite (DOLO)
According to the official announcement, the Binance HODLer airdrop has now launched the 33rd project -- Dolomite (DOLO).
Users who use BNB to subscribe to principal-protected earning or on-chain earning products between 08:00 on August 3, 2025, and 07:59 on August 7, 2025, will receive DOLO airdrop allocations.
Binance will list DOLO at 00:00 on August 28, 2025, and open trading pairs against USDT, USDC, BNB, FDUSD, and TRY, applicable to seed label trading rules. The DOLO recharge channel will open at 20:30 on August 27, 2025.
Binance Alpha and Binance Futures will launch Hemi (HEMI) on August 29
According to the official announcement, Binance Alpha and Binance Futures will launch Hemi (HEMI) on August 29.
In addition, the Binance Futures trading platform will launch the HEMIUSDT perpetual contract at 04:30 (UTC) on August 29, 2025, supporting up to 50x leverage.
According to official news, Binance launched the Binance Alpha airdrop yesterday at 21:30.
The Binance Alpha airdrop will be distributed in two phases: the first phase (first 18 hours): users holding at least 260 Alpha points can claim. The second phase (last 6 hours): users holding at least 230 Alpha points can participate in the second phase airdrop, first come, first served.
If the event has not ended, the score threshold will automatically decrease by 15 points every hour.
Investment and Financing Updates from Yesterday
According to PR Newswire, Tazapay announced on August 27, 2025, that it has completed B round financing, with investors including Ripple, Circle Ventures, Peak XV Partners, Norinchukin Capital, and GMO VenturePartners. This financing will be used to build the next generation of cross-border payment infrastructure.
Tazapay's products cover alternative payment methods, credit cards, virtual bank accounts, payments, and stablecoins, combining institutional-level security and compliance to provide solutions for global enterprises. The company has obtained licenses in Singapore, Canada, and the EU, and plans to apply for licenses in the UAE, the U.S., Hong Kong, and Australia. Tazapay's infrastructure supports high-trust cross-border payment solutions and will further invest in real-time payments, ACH, and stablecoins to enhance the payment experience for global businesses.
A newly established special purpose acquisition company, CSLM Digital Asset Acquisition, raised $200 million through its initial public offering, with related stocks expected to trade on NASDAQ under the codes "KOYN" and "KOYNW."
The company stated that it will seek strategic mergers with companies in blockchain and distributed ledger technology, including infrastructure for building wallets, custody solutions, trading platforms, data protocols, and tokenized financial instruments, as well as companies building applications for payments, decentralized finance, and cross-border finance.
According to FinanceFeeds, the decentralized AI verification protocol Swarm Network announced the completion of $13 million financing, led by Sui, Ghaf Capital, and Brinc, with participation from institutions such as Y2Z and Zerostage. Of this, $10 million came from the public sale of agency licenses on the Sui network, and $3 million was strategic capital. This round of financing will accelerate the development of Swarm Network's decentralized AI verification protocol, particularly the expansion and upgrade of its flagship product Rollup News.
According to Web3 asset data platform RootData, Swarm Network is a decentralized protocol that can convert raw off-chain data into verifiable on-chain information in real time. By integrating AI agents, human intelligence, and zero-knowledge proof technology, the protocol aims to establish a truth infrastructure for the digital age.
Regulatory & Policy Updates from Yesterday
According to The Block, U.S. Commodity Futures Trading Commission Commissioner Kristin Johnson announced that she will officially depart next week, leaving only one leader remaining on the commission. Johnson has set September 3 as her last day in office, having previously expressed intentions to leave, marking the latest case in a high-profile exodus from the derivatives regulatory agency.
Johnson is one of four commissioners who have indicated they will leave or have already left since the beginning of this year. Since taking office, President Trump has been committed to bringing in Republican leaders who support cryptocurrency into his administration.
U.S. Secretary of Commerce: Will begin publishing economic statistics on blockchain
According to CNBC, U.S. Secretary of Commerce Howard Lutnick stated during a White House cabinet meeting on Tuesday that the Department of Commerce will begin publishing economic statistics, including GDP data, on blockchain, and may expand this to all federal departments once all details are finalized.
Previously, on August 1, Trump fired U.S. Bureau of Labor Statistics Director Erika McEntarfer due to the July employment report showing only 73,000 new jobs, significantly revised down from previous months, with Trump accusing her of releasing "manipulated" data, raising concerns among economists.
One in four adults in the UK willing to include cryptocurrency in retirement plans
According to Cointelegraph, on August 27, insurance company Aviva's latest survey showed that 27% of UK adults are willing to include cryptocurrency in their retirement investment portfolios, with 23% even considering withdrawing existing pensions for crypto investments.
About one-fifth of respondents stated they currently hold or have held cryptocurrency, with the 25-34 age group being the most active. Although investors are attracted by the potential for high returns, they still worry about security risks (41%), regulatory inadequacies (37%), and price volatility (30%).
The UK proposed a cryptocurrency regulatory framework in May this year, while the U.S. has allowed 401(k) retirement plans to include cryptocurrencies like Bitcoin. The UK pension market is worth $5.12 trillion, and opening up crypto investment channels could bring significant capital inflows to the crypto market.
U.S. prosecutors appealed the ruling in the HashFlare fraud case, involving $577 million
According to Decrypt, U.S. federal prosecutors submitted a request to the Ninth Circuit Court of Appeals seeking to overturn the lenient ruling against the main perpetrator of the HashFlare cryptocurrency fraud case. Estonian citizens Sergei Potapenko and Ivan Turõgin are accused of defrauding 440,000 investors worldwide through a $577 million Ponzi scheme, with prosecutors arguing that the original ruling was "exceptionally lenient."
The two defendants have pleaded guilty, admitting to committing fraud through false mining contracts from 2015 to 2019, misleading investors with fake profit dashboards, and using the proceeds of the fraud to purchase luxury goods and pay returns to early investors. The original judge only sentenced them to three years of supervised release and a $25,000 fine each, while prosecutors had sought a 10-year prison sentence.
The judge considered factors such as the risk of indefinite detention for foreign defendants in the U.S. Legal experts analyze that the reasoning for the ruling based on "time served, immigration risks, and compensation considerations" is reasonable, and the Ninth Circuit usually respects the discretion of district judges, making it likely that the original ruling will be upheld.
Currently, $400 million has been seized for victim compensation, and the case is referred to as the "largest fraud case" in the history of the Western District of Washington.
Former People's Bank of China governor Zhou Xiaochuan published an article titled "Multidimensional Examination of Stablecoins," analyzing the current development status and potential risks of stablecoins in depth.
Zhou pointed out that the central bank has two main concerns about stablecoins: first, the risk of "over-issuance of currency," meaning that issuers may issue stablecoins without 100% real reserves; second, the high leverage amplification effect, where the operation of stablecoins after issuance may produce a multiplier effect of currency derivation.
He believes that the currently centralized account system still has good applicability, and the view that full tokenization can replace the account payment system lacks sufficient basis. Existing regulatory frameworks, such as the U.S. "Genius Act," relevant regulations in Hong Kong, and Singapore's regulatory provisions, have not satisfactorily addressed these issues.
Zhou stated that although the market generally believes that stablecoins will reshape the payment system, objective assessments show that the cost optimization space of the current payment system, especially in the retail payment sector, is very limited. He warned against the overuse of stablecoins for asset speculation, as this deviation could lead to fraudulent activities and instability in the financial system.
The article also mentioned that obtaining licenses and paying reserves do not equate to successfully issuing stablecoins. Without sufficient application scenarios, stablecoins may struggle to achieve effective circulation, potentially leading to a situation of "licensed but without currency." Whether stablecoins serve as temporary payment tools during transactions or as value storage means during specific periods will directly impact their market retention.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of August 28, 09:30:
The top five popular Ethereum tokens in the past 24 hours are: RSS3, HOKK, SATOSHIT, LINK, MHRD
The top five popular Solana tokens in the past 24 hours are: LIPEPE, LMTH, ATH, BANANACULT, NVIDIA
The top five popular Base tokens in the past 24 hours are: SLAP, GIGABRIAN, ZORA, VIRTUAL, wstETH
"What are the exciting articles worth reading in the past 24 hours?"
Concerns Behind the Prosperity of Digital Asset Treasuries (DATs): Which Tokens Are the Most Risky?
The decision-makers of DATs typically use stocks as their primary form of compensation. While this aligns their interests with stock price performance, it also leads them to favor short-term solutions. Since personal wealth is directly tied to stock prices, when stock prices depreciate, the board faces immense pressure, tending to choose a strategy that combines asset sales and stock buybacks.
Gamblers on the Left, Traders on the Right: Lessons from a Hellish Bull Market
The bull market of 2025 feels like a hellish trial. On one side, the crypto market rebounded after evaporating $1.3 trillion in three months, accompanied by extreme volatility and countless liquidation tragedies; on the other side, Bitcoin soared from a low of $40,000 at the beginning of 2024 to over $120,000, continuously breaking new highs. In terms of market sentiment, traders are primarily driven by greed (46.85%), mixed with significant fear and neutrality, facing a trading environment of extreme volatility and strong FOMO emotions. Star traders can also lose everything; what strategies should we adopt?
The crypto world is not just a race driven by hype; Seth and Cosmo, with their certainty in value and respect for risk, have written answers belonging to this transformative era in the development of liquidity funds.
How does the DLMM protocol differ from traditional AMM mechanisms? What are Saros's three strategic focuses after initiating the buyback?
Risk warning
Risk warning
