*LUTNICK: ISSUING GDP ON THE BLOCKCHAIN: BBG

US DEPARTMENT OF COMMERCE TO START ISSUING STATISTIC ON THE BLOCKCHAIN: BBG

🔗 velo.xyz

According to Bloomberg, Democratic Commissioner Kristin Johnson will leave the CFTC on September 3, bringing the agency under the sole leadership of Acting Chair Caroline Pham. Since the start of the Trump administration, CFTC staff has been reduced by at least 15%, and its enforcement division may face even deeper cuts, according to the agency’s fiscal 2026 budget request. — link

Kindly MD, Inc. has filed an S-3 registration statement with the SEC to offer up to $5 billion in various equity, debt, and hybrid securities on a continuous basis. Proceeds will be used for Bitcoin treasury purposes and general corporate use, including working capital, debt repayment, acquisitions, capital expenditures, and stock repurchases, with allocation at management’s discretion. — link

The whale took a significant long position on XPL on Hyperliquid, triggering a wave of liquidations. XPL's price surged by over 200% to $1.80. According to @ai_9684xtpa, 4 major addresses participated in the hedging and short-squeezing of XPL, with cumulative profits reaching $46.1 million. — link

Beyond XPL, whales are also targeting WLFI. For the WLFI contract on Hyperliquid, between 6:25 and 6:30 UTC+8, its price soared to 0.43 at one point before quickly retracing.

Hyperliquid stated in Discord that the XPL hyperp market saw a sharp spike today, with the mark price jumping 2.5x in minutes. The protocol functioned normally, triggering liquidations and ADL without bad debt. Liquidations occurred only after prices stayed high for several minutes. In a future upgrade, the hyperp mark price will be capped at 10x the 8-hour EMA.

Google Cloud has announced the launch of its L1 blockchain, GCUL, which simplifies cross-border payments and asset settlements through a distributed ledger. GCUL is currently in a private testnet phase and announced a partnership with CME earlier this year to pilot tokenized assets. — link

Rich Widmann, head of Web3 strategy at Google Cloud, claimed that GCUL is a Layer 1 blockchain, but the community questioned that it is not decentralized and permissionless, but more like a consortium chain.

On August 26, Ethereum spot ETFs recorded $455 million in total net inflows, marking four consecutive days of inflows. Bitcoin spot ETFs saw $88.2 million in total net inflows, BlackRock ETF IBIT ranked first with a net inflow of $45.34 million. — link

MetaMask introduces social login feature, allows users to create wallets with Google or Apple accounts — link

KuCoin announced it is the first crypto exchange to support Thailand’s G-Token project — a tokenized government bond issued by the Ministry of Finance. The initiative involves KuCoin Thailand, XSpring Digital, Krungthai XSpring, and SIX Network. KuCoin Thailand handles tech and listing as the designated primary digital asset exchange; KuCoin Global supports with advisory, liquidity, and global outreach.

Metaplanet, a Japanese listed company, plans to raise ¥130.334 billion ($881 million) through an international share offering. The funds will be used to purchase ¥123.818 billion ($837 million) in Bitcoin between September and October 2025 and allocate ¥6.516 billion ($44 million) for Bitcoin financial operations. As of August 25, 2025, the company holds 18,991 Bitcoins, valued at approximately ¥314.6 billion. — link

REX-Osprey seeks SEC approval for BNB staking ETF, following Solana fund route — link | AI comment

Binance has announced the launch of its 33rd project on the HODLer Airdrop page — Dolomite (DOLO), a decentralized money market protocol. DOLO will be listed on August 27, 2025, at 16:00 UTC, with trading pairs against USDT, USDC, BNB, FDUSD, and TRY. Meanwhile, the second round of the Binance HODLer Airdrop will feature MyShell (SHELL), with an additional 25 million SHELL tokens distributed (accounting for 2.5% of the maximum supply). In addition, Binance Alpha will list Dexlab (XLAB) on August 29. — link

Aave Labs launches Horizon, offering institutional stablecoin borrowing against tokenized RWAs — link | AI comment

Last week had the 3rd highest DEX volume ever, surpassed only by two weeks in January — link | AI comment

Monero Hit by a 51% Hashrate Attack: Monero (XMR) suffered a 51% hashrate attack in mid-August by Qubic, led by ex-IOTA co-founder Sergey Ivancheglo. Qubic incentivized Monero mining through its token model, gaining network control and triggering deep chain reorganizations. Kraken suspended XMR deposits. The Monero community pushed back, restoring balance. Qubic has now voted to target Dogecoin (DOGE) next. Read more — link

ByteDance Sets TikTok's Valuation At $330B, However It Still Has Not Turned A Profit In The US: RTRS

🔗 velo.xyz

Founders Fund-backed Avail acquires Arcana, offering XAR token holders 4:1 swap into AVAIL — link | AI comment

Decentralized lending protocol Aave Labs has officially launched its institutional-grade platform, Horizon, enabling qualified institutions to borrow stablecoins such as USDC, GHO, and RLUSD using tokenized U.S. Treasurys and loan-backed RWA assets as collateral. The platform is built on a permissioned version of Aave V3. — link

Hyperliquid to introduce new safeguards following crypto whale-driven XPL pre-market liquidations — link | AI comment

According to data from the Strategic SOL Reserve, 13 companies or institutions have disclosed holdings of a total of 8.277 million SOL (worth approximately $1.72 billion), accounting for 1.44% of the total supply. Among them, 585k SOL have been staked. — link

According to FinanceFeeds, newly formed hedge fund advisory firm Falconedge has completed its pre-IPO raise and plans to allocate nearly all IPO proceeds to acquiring Bitcoin, establishing BTC as its core treasury asset. Spun out from Falcon Investment Management, the firm is targeting a September IPO, with proceeds aimed at strengthening its balance sheet through expanded Bitcoin reserves. — link