Morning Report | U.S. non-farm employment growth slowed in August, and the unemployment rate rose to its highest level since 2021; Hyperliquid will release the USDH token symbol for stablecoin issuance; Trump Media Technology Group acquires approximately 2% of CRO circulating supply
Overview of Important Market Events on September 5thOrganizer: liec, ChainCatcher
Important News:
- SEC proposes a safe harbor for cryptocurrencies and reforms broker-dealer rules
- U.S. August non-farm employment growth slows, unemployment rate rises to highest level since 2021
- Thumzup, supported by Donald Trump Jr., will purchase 2,500 DOGE mining machines and increase holdings in cryptocurrencies like SOL, LTC, XRP, and ETH
- Binance Alpha will launch Black Mirror (MIRROR) on September 8
- Yunfeng Financial plans to include BTC, SOL, and others in its strategic reserve assets besides ETH
- Biological sample procurement company iSpecimen plans to establish a $200 million crypto asset vault, purchasing SOL through OTC
- Hyperliquid will release USDH token symbol for stablecoin issuance
- Trump Media Technology Group has acquired approximately 2% of CRO circulating supply
- U.S. SEC and CFTC will jointly hold a roundtable on September 29, focusing on regulatory coordination for crypto assets
- Beijing's largest off-exchange financing boss Song Shijie involved in money laundering and crypto pig-butchering schemes
Important Data from Yesterday :
According to Onchain Lens monitoring, an Ethereum ICO participant staked 150,000 ETH (worth about $656 million) to ETH2 after 8 years of silence. This participant had obtained 300,000 ETH during the ICO period, which was worth $93,300 at that time.
U.S. August non-farm employment growth slows, unemployment rate rises to highest level since 2021
According to Jin10 reports, U.S. employment growth in August has significantly cooled, with non-farm payrolls increasing by 22,000, and the unemployment rate rising to its highest level since 2021, raising concerns about a deteriorating labor market. The Labor Statistics Bureau's report shows that employment numbers fell for the first time in June, and July's data was also shocking. Job vacancies and wage growth have slowed in recent months, putting pressure on economic activity. Traders continue to bet that the Federal Reserve will cut interest rates at the September meeting.
Project Updates from Yesterday :
Binance Alpha will suspend AIO trading on September 8 to support contract swaps
According to the official announcement, Binance Alpha will support OLAXBT (AIO) BEP20 contract swaps. Starting from September 8, 2025, at 05:00 (UTC), Binance will suspend AIO trading to facilitate the contract swap. Trading for OLAXBT (AIO) through BEP20 is expected to resume on the same day at 08:00 UTC.
Binance Alpha lists WORLDSHARDS (SHARDS), with a phase one threshold of 220 points
Binance Alpha is the first platform to list WORLD SHARDS (SHARDS), with Alpha trading starting on September 5, 2025, at 19:00 (UTC +8). Note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha activity page within 24 hours, or it will be considered a waiver of the airdrop.
The airdrop is divided into two phases: Phase One: After trading starts, users holding at least 220 Binance Alpha points can claim 4,000 SHARDS tokens on a first-come, first-served basis. Phase Two: If the activity has not ended, the point threshold will automatically decrease by 15 points every hour.
Binance lists OpenLedger (OPEN) and launches HODLer airdrop activity
Binance will list OpenLedger (OPEN) on September 8, 2025, at 21:00, and open trading pairs against USDT, USDC, BNB, FDUSD, and TRY, applying seed label trading rules. Users who use BNB to purchase principal-protected earning products or on-chain earning products from August 18, 2025, 08:00 to August 22, 2025, 07:59 will receive HODLer airdrop allocations. The OPEN recharge channel will open on September 5, 2025, at 17:30.
Binance Alpha will launch Black Mirror (MIRROR) on September 8
According to official news, Binance Alpha will launch Black Mirror (MIRROR) on September 8.
According to PRNewswire, Thumzup Media Corporation, a social media company with cryptocurrency reserves invested by Donald Trump Jr., released a shareholder letter stating that the company has spent $1 million to purchase Bitcoin, and its board has authorized increasing holdings in DOGE, LTC, SOL, XRP, ETH, and USDC. They have also reached a final agreement to purchase 2,500 DOGE mining machines, with plans to potentially purchase an additional 1,000 machines later.
According to Investing reports, biological sample procurement company iSpecimen Inc. (ISPC) announced that several cryptocurrency companies have approached them with investment opportunities. The company plans to establish a $200 million digital asset vault aimed at diversifying its balance sheet and supporting growth plans through tokenized real-world assets and top-ranking cryptocurrencies. The company plans to purchase SOL through OTC transactions with cryptocurrency institutions, including locked SOL with contract transfer or attribution restrictions.
Hong Kong listed company Ying Universe invests 300 million HKD to subscribe to Guofu Quantum shares
According to the Hong Kong Stock Exchange announcement, Hong Kong listed company Ying Universe announced an investment of 300 million HKD to subscribe to Guofu Quantum shares at a discount, aiming to promote Web 3 ecosystem construction. It is reported that both parties have signed a subscription agreement, and Guofu Quantum has conditionally agreed to issue a total of approximately 169 million subscription shares to the company at a price of 1.78 HKD per share. After the transaction is completed, both parties will cooperate with the Hong Kong government's policies to promote the development of the digital economy and make strategic investments in the fintech sector.
Ethereum Layer 2 Linea will launch tokens next week
According to The Defiant reports, Consensys-supported Ethereum Layer 2 Linea announced that it will conduct a token generation event on September 10 and airdrop tokens, allocating 10% of the total supply to early users and builders, with 75% for the ecosystem fund. Pre-listing derivatives are already trading on Hyperliquid, with a valuation of approximately $2.7 billion.
Yunfeng Financial plans to include BTC, SOL, and others in its strategic reserve assets besides ETH
Yunfeng Financial previously purchased a total of 10,000 ETH in the open market. Alibaba founder Jack Ma and Yunfeng Financial Group Chairman Yu Feng co-founded Yunfeng Fund in 2010.
Yunfeng Financial stated that the ETH purchased this time will be listed as investment assets in the financial statements, and it will continue to increase its investment in digital assets in the future. In addition to Ethereum, it plans to explore including diversified mainstream digital assets such as Bitcoin (BTC) and Solana (SOL) in its strategic reserve assets.
According to Bitcoin Magazine reports, Sora Ventures announced the launch of a Bitcoin reserve fund during Taipei Blockchain Week. The fund has secured $200 million in committed funding from partners and investors in Asia, planning to purchase $1 billion worth of Bitcoin in the next 6 months.
Hyperliquid will release USDH token symbol for stablecoin issuance
According to official news, Hyperliquid announced that it will release the USDH token symbol currently held by the protocol through validator voting for the issuance of USD stablecoins in the Hyperliquid ecosystem.
Gemini launches ETH and Solana staking services in the EU
Cryptocurrency trading platform Gemini announced the launch of ETH and Solana staking services in the EU, with no minimum amount required. SOL annual rewards can reach up to 6%, while ETH offers floating returns. It also launched perpetual contracts priced in USDC, with leverage up to 100 times and no expiration date. This initiative is based on Gemini's MiCA compliance approval.
Figma released its first performance report since its U.S. IPO. The company reported Q2 revenue of $249.6 million, a 41% year-on-year increase. It expects full-year revenue of $1.021 billion to $1.025 billion, with Q3 revenue expected to be between $263 million and $265 million. As of June 30, it held approximately $1.6 billion in cash, cash equivalents, and marketable securities, including $90.8 million in Bitcoin spot ETF.
Trump Media Technology Group has acquired approximately 2% of CRO circulating supply
According to GlobeNewswire reports, Trump Media Technology Group announced today that it has completed the previously announced acquisition agreement with Crypto.com.
Under the agreement, Trump Media Technology Group will acquire 684.4 million Cronos (CRO) tokens at a price of approximately $0.153 per token, with the transaction being conducted through a 50% stock and 50% cash swap with Crypto.com. These tokens represent about 2% of the current circulating total of CRO (in addition, Trump Media Technology Group's CRO strategy company will acquire approximately 19% of the circulating CRO).
Investment and Financing Updates from Yesterday
According to Bloomberg reports, Lead Bank, a Missouri-based lending institution with a 97-year history that has restructured to focus on serving fintech and cryptocurrency companies, has completed a $70 million financing at a valuation of $1.47 billion—almost doubling its valuation from last year.
According to a press release, tokenized asset management platform Plural announced the completion of a $7.13 million seed round financing, led by Paradigm, with participation from Maven11, Volt Capital, and Neoclassic Capital, bringing the total financing amount to nearly $10 million.
ArkStream Capital has made an additional $10 million investment in Ethena Labs
ArkStream Capital announced an additional $10 million investment in Ethena Labs in August 2025, having previously invested $5 million.
Regulatory & Policy Updates from Yesterday
SEC proposes a safe harbor for cryptocurrencies and reforms broker-dealer rules
The U.S. Securities and Exchange Commission (SEC) has proposed a safe harbor for cryptocurrencies and reforms to broker-dealer rules. The proposed rule changes may affect the SEC's guidelines on broker-dealers, custody, and reporting, potentially allowing cryptocurrency companies to operate in the U.S. with less regulatory oversight and reducing the risk of legal action.
European Central Bank's push for a digital euro faces skepticism from EU lawmakers
According to market news, the European Central Bank (ECB) is once again pushing for the issuance of a digital euro, but faces opposition from EU lawmakers due to privacy protection issues and potential risks to commercial banks.
Song Shijie, the largest off-exchange financing boss in Beijing who owes 22 million yuan in penalties to the national treasury, has handed over nearly 200 million yuan in assets for forfeiture and settlement to the UK and the U.S.
The UK's National Crime Agency has seized his luxury homes, apartments, and bank accounts in London, valued at a total of 16.7 million pounds, approximately 161 million yuan, determining that the funds originated from illegal securities trading in China and money laundering in the UK. Song Shijie is also involved in crypto pig-butchering schemes, with three of his Binance accounts frozen, containing approximately $10 million in crypto assets. According to a document from a court in Orlando, Florida, in late March, he opted to forfeit claims to avoid criminal charges.
According to Putian News, the People's Procuratorate of Hanjing District in Putian City, Fujian Province, has strengthened evidence collection through proactive intervention, penetrating reviews to break data deadlocks, and leveraging technology to breach the zero-confession defense line, achieving precise strikes against new types of crimes. In the first half of this year, the Hanjing District People's Court ruled on a virtual currency-related criminal case prosecuted by the court.
Individuals such as Yan, Zheng, and Lin used the virtual currency USDT (Tether) to build an underground foreign exchange trading network, soliciting customers through overseas chat software and illegally exchanging RMB and foreign currencies using "U coins" as intermediaries, with bank account flows exceeding 13.3 billion yuan.
According to official news, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) today released a joint statement announcing that they will jointly hold a roundtable on September 29, 2025, from 1 PM to 5 PM (Eastern Time) to explore opportunities for regulatory coordination.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of September 5, 09:30:
In the past 24 hours, the top five popular Ethereum tokens are: ETH6900, Xiaobai, USDUT, QAI, SHRUB
In the past 24 hours, the top five popular Solana tokens are: OPEN, holo, UCFBI, SPYX, FartAura
In the past 24 hours, the top five popular Base tokens are: GOAT, GOAT, noice, SINGULARITY, ZORA, UST
"What are the exciting articles worth reading in the past 24 hours?"
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Interviews for 11 candidates for the next Federal Reserve Chair begin today; how will Trump choose?
According to reports, the White House has made it clear that it will finalize the selection of the next Federal Reserve Chair as soon as possible. Treasury Secretary Scott Bessen has initiated the interview process for 11 candidates, starting a series of interviews this Friday that will last for a week. As more actions unfold, the market is shrouded in uncertainty about who will become the next Federal Reserve Chair.
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Understanding this is not to avoid volatility but to learn to coexist with it. Crashes will come again, but they will increasingly resemble a storm rather than a tsunami.
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