August (previously, Fractal) is building web3 infrastructure allowing all on-chain financial assets to interact with and collateralize against each other via a universal margin account – starting with existing crypto assets and expanding to real world assets.
Odaily News: Robinhood Ventures Fund I (NYSE: RVI) announced that it purchased approximately $25 million in preferred shares in AI infrastructure company Crusoe's $3.9 billion Series F funding round. The round valued Crusoe at $30.9 billion, and the related transaction was completed on August 31.Sarah Pinto, President of Robinhood Ventures Fund I, stated that Crusoe is building vertically integrated AI infrastructure, supporting AI computing through energy, AI data centers, and cloud platforms.
Arthur Hayes stated that amid high government debt, Federal Reserve interest rate hikes could have a stimulative effect: rising interest on bank reserves and US Treasury yields will increase income for banks and asset holders, driving consumption and the allocation of financial assets. Although the Fed ended related asset purchases in mid-August, the expansion of bank balance sheets has still driven growth in total assets across the Federal Reserve and the banking system, thereby increasing the money supply.
Odaily reports: Arthur Hayes posted on the X platform that raising interest rates when government debt levels are high has a stimulative effect: bank reserve earnings increase, and the returns for holders of short-term Treasury bonds also increase, which overall will drive more consumption, especially consumption of financial assets.He stated that although the Federal Reserve stopped RMP purchases in mid-August, when accounting for bank balance sheet expansion, the combined assets of the Federal Reserve and banks are still growing and creating money. As the quantity of money increases, even if its price rises, financial assets will continue to appreciate.
According to Decrypt, Solana treasury company DeFi Development Corp (DFDV) announced the acquisition of an additional 55,491 SOL tokens (approximately $5.78 million), bringing its total SOL holdings to approximately 2.389 million, representing a roughly 2% increase from August 27. Meanwhile, the company announced the launch of a $300 million ATM program for CHAD variable-rate Series C perpetual preferred shares, with New York broker R.F. Lafferty & Co. acting as the sole sales agent, and the proceeds intended primarily to further increase SOL holdings. The company noted that issuance will only occur when the price is at or above a $10 par value per share, with no mandatory selling requirements. CHAD's first issuance was completed on September 8, raising approximately $11 million, with Fundstrat founder Tom Lee participating in the subscription. As CHAD comprises non-convertible preferred shares, any subsequent issuances will not dilute the equity of common shareholders.
According to Fortune, New York-based payments company Fin.com has announced the closing of a $20 million seed round, completed in August and led by Expa and Uber co-founder Garrett Camp, with participation from Coinbase Ventures, Tenet Fund, the founder of Figure, Mesh founder Bam Azizi, Second Sight Ventures, and Gulf and African sovereign and royal family offices. Founded by Bangladeshi founder Nabeel Alamgir and Pakistani founder Mustafa Dar, Fin.com aims to solve the "last mile" challenge of converting stablecoins into local bank accounts or digital wallets, providing white-label payment infrastructure to financial institutions, consumer platforms, and prediction markets. Its client platforms collectively serve over 800 million users. The company focuses on the South Asian, African, and Middle Eastern markets, and currently maintains offices in New York, Las Vegas, Dubai, Dhaka, Bangalore, and Lahore.
Odaily News: According to Gate Ventures' latest weekly report, last week's escalation of geopolitical conflicts in the Middle East combined with U.S. core inflation exceeding expectations significantly heightened global market volatility. Brent crude and WTI crude surged 8.33% and 9.36% respectively, returning above $100 per barrel; U.S. August core CPI rose 0.29% month-over-month, higher than expected, pushing the 10-year Treasury yield to 4.97%, with market-implied probability of a September rate hike rising to approximately 86%; spot gold fell 1.82% to $4,349.42 per ounce. U.S. stock indices — the S&P 500, Nasdaq, and Dow Jones — declined 0.80%, 0.66%, and 1.57% respectively; the crypto market weakened in tandem, with BTC and ETH dropping 4.4% and 1.5% respectively. Spot BTC ETFs saw net outflows of $462.7 million, while ETH ETFs recorded net inflows of $197.1 million. The fear index dropped from 71 to 57, indicating a cooling of market sentiment.On the industry front, India launched a $107 million tokenized corporate bond pilot program, further advancing institutional-grade RWA tokenization; Gemini obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, further expanding its regulatory footprint in the Asia-Pacific region; and the Philippine central bank plans to suspend new payment system operator registrations for 12 months, tightening oversight of VASP-related payment activities.On the funding side, a total of 9 financing deals were completed last week, with disclosed total funding reaching $158.4 million, down 88% quarter-over-quarter. Overall, energy prices and inflation expectations remain the core variables driving short-term market trends, while interest in tokenized assets and institutional-grade crypto infrastructure development remains undiminished.
The U.S. will release its September non-farm payrolls report at 20:30 Beijing Time tonight. A Reuters survey shows that the market expects September's increase in nonfarm jobs to reach 90,000, down from 162,000 in August; the unemployment rate is projected to hold steady at 4.1% for a third consecutive month, with average hourly earnings expected to rise 0.3% month-on-month and 3.2% year-on-year.
Odaily News — According to monitoring by the Drift Foundation, the Drift Foundation has released an update on fund recovery progress related to the April 1 security incident: approximately $295 million in user assets were stolen. The foundation has engaged Mandiant, zeroShadow, and SEAL 911 to conduct the investigation and trace the funds, with Mandiant identifying the attacker as the North Korean threat group UNC6862.The stolen funds were subsequently bridged to Ethereum, with approximately 130,300 ETH distributed across 4 wallets. Three of these wallets have seen no transfers to date, collectively holding 107,200 ETH; the other wallet transferred approximately 23,100 ETH to Tornado Cash on July 23.Currently, approximately $9.2 million in stolen funds has been frozen. The relevant funds had previously been transferred through Tornado Cash in August, and unfreezing and return still require cooperation with legal procedures. The Drift Foundation will transfer all assets recovered through freezing, bounties, or law enforcement channels into the DFX recovery pool, and is evaluating the subsequent path of the DRIFT token within the broader ecosystem. In addition, the foundation has partnered with Bybit to launch a public bounty program, offering a 10% bounty on successfully recovered funds.
Odaily News: Cosine disclosed the interim investigation reports by SlowMist and Google Cloud's Mandiant on the Bitget hot wallet breach. Both reports indicate that the attackers first compromised systems related to third-party security products, then moved laterally into Bitget's wallet business environment.SlowMist's investigation revealed that one of the third-party security product nodes had a zero-day vulnerability, with related malicious activity traced back to as early as August 31. On September 25, the attackers also used an internal employee identity to access the management platform of another third-party security product and used highly customized withdrawal tools to interact with the wallet system's withdrawal logic. Mandiant stated that after gaining persistent access through third-party security devices, the attackers moved laterally to production wallet task servers and deployed malicious programs.Mandiant also stated that no evidence of Bitget private key leakage has been found so far, and cold wallets were not affected. Both security teams are continuing to investigate the specific intrusion paths the attackers took between the relevant systems.
Odaily News: The U.S. Attorney's Office for the District of Massachusetts filed a civil forfeiture lawsuit on September 28, seeking the forfeiture of 110,300 USDT seized from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins, worth approximately $900,000 at the time, from a beneficiary and their family trust held in the same Coinbase account.Investigators said that between June 5 and June 15, 2023, 11.2 of the stolen bitcoins were traced to the Binance account and were quickly converted into Monero. When the FBI requested the account be frozen, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026. (Bitcoin.com News)
autopsy results show Hsin-Ju Chuang, a former partner at crypto venture capital firm Hack VC, died by suicide on August 24. The California Highway Patrol stated that the investigation into the specific circumstances of the incident is still ongoing.
Odaily reports: In the first US tax season under the 1099-DA reporting rules for crypto assets, some investors are facing issues such as missing transaction data and difficulty verifying cost basis. An August survey of 1,000 US crypto investors by Awaken Tax showed that 21% of respondents who have already filed or plan to request an extension said they are still waiting for exchanges or crypto platforms to provide the required information; another roughly 20% said their 1099-DA form information was incomplete, or they were unsure whether it accurately reflected their transactions.The US Internal Revenue Service (IRS) stipulates that for 2025 transactions, brokers are generally required to report proceeds from digital asset sales, but in most cases are not required to report cost basis, leaving taxpayers to calculate gains and losses themselves; starting in 2026, brokers will be required to report cost basis for qualifying digital assets. The IRS also emphasized that even if taxpayers do not receive a 1099-DA, they must still report digital asset-related income and gains or losses. (Cointelegraph)
Odaily reports: Binance founder CZ stated in a recent interview that he was assigned to the low-security Lompoc II prison in California, where FTX founder SBF was later also detained.Before entering prison, CZ assembled an advisory team to learn the rules of the prison cell block, and communicated with other inmates through one of his advisors to adapt to prison life.In August 2024, CZ left Lompoc prison and was transferred to a halfway house, spending his final two weeks at a local jail due to immigration status issues; within 26 minutes of his release, his private jet took off.
Odaily News: In September, long-dormant Bitcoin addresses transferred out 5,419.45 BTC, worth approximately $457 million, involving 94 transactions. The transfer volume was lower than August's 6,427.59 BTC but higher than July's; among them, wallets created in 2016 transferred out 1,556.53 BTC across 13 transactions.Wallets created in 2013 transferred out approximately 888.91 BTC across 26 transactions. Another roughly 57 transfers involved Bitcoin that had been dormant for 12 to 16 years; September 6 saw the highest transfer volume, reaching 1,620.39 BTC. (Bitcoin.com News)
according to on-chain analyst Aunt Ai's monitoring, a certain address has become the address with the highest unrealized profit on ETH positions on Hyperliquid, with an unrealized profit of $16.52 million. This address has been gradually building ETH long positions since mid-August, and currently holds approximately 30,300 ETH, worth about $81.96 million, with an average entry price of $2,134.45 and a return rate of 407.96%. Additionally, this address has placed a limit sell order at $4,000, which is 49% higher than the current price.
According to on-chain analyst Ai Yi, a whale deposited 6,595.2 ETH to Coinbase 3 hours ago, worth approximately $17.57 million. Of this, 6,500 ETH was withdrawn from exchanges between June and August 2025 at an average price of $3,040.4, with unrealized losses once exceeding $9.557 million during that period. After holding ETH for about a year, the whale appears to have cut losses and exited, with an estimated loss of $2.443 million and a 12.3% decline in assets.
QCP Capital stated that Bitcoin broke out of its recent $82,500 to $85,700 consolidation range, briefly reaching $86,913 to mark its highest level since September 23. Meanwhile, the annualized funding rate for perpetual contracts stood at approximately 5.4%, indicating that this rally is more heavily driven by spot capital than leverage. U.S. spot Bitcoin ETFs recorded net inflows of approximately $3.5 billion and $2.6 billion in August and September, respectively.
Odaily News: HL HUB (Community) posted on X that Hyperliquid is expected to receive its first AQAv2 reserve yield distribution tomorrow (October 3). Approximately $14.5 million in passive yield generated from USDC reserves will flow into the Assistance Fund for HYPE buybacks.It is reported that under AQAv2's revenue-sharing mechanism, Hyperliquid stablecoin deployers are required to allocate 90% of stablecoin reserve yield to the Hyperliquid protocol, and 100% of these proceeds will be used for buying back and burning HYPE tokens. Stablecoin reserve yield sharing is accumulated and settled on a 30-day cycle, with proceeds automatically transferred to the Assistance Fund on the 8th day after the cycle ends. Formal yield accrual began on August 26, so the first yield payment will be made on October 3.
Zano disclosed a validation flaw in the Gateway Addresses introduced by Hard Fork 6. An attacker minted approximately 18.4 million ZANO in a single transaction on August 29, then minted an equal amount again on September 25, and minted fUSD in the same manner.The project team stated that the value of the illicit tokens involved exceeds $200 million, with potentially affected activity involving 117,941 outputs and 65,301 transactions. Zano has restored the chain state from block 3,833,000 and disabled Gateway Addresses. All affected balances will be fully restored, and the ZANO supply and issuance schedule will remain unchanged. (Bitcoin.com News)
Odaily News — According to monitoring by the Drift Foundation, the Drift Foundation has released an update on fund recovery progress related to the April 1 security incident: approximately $295 million in user assets were stolen. The foundation has engaged Mandiant, zeroShadow, and SEAL 911 to conduct the investigation and trace the funds, with Mandiant identifying the attacker as the North Korean threat group UNC6862.The stolen funds were subsequently bridged to Ethereum, with approximately 130,300 ETH distributed across 4 wallets. Three of these wallets have seen no transfers to date, collectively holding 107,200 ETH; the other wallet transferred approximately 23,100 ETH to Tornado Cash on July 23.Currently, approximately $9.2 million in stolen funds has been frozen. The relevant funds had previously been transferred through Tornado Cash in August, and unfreezing and return still require cooperation with legal procedures. The Drift Foundation will transfer all assets recovered through freezing, bounties, or law enforcement channels into the DFX recovery pool, and is evaluating the subsequent path of the DRIFT token within the broader ecosystem. In addition, the foundation has partnered with Bybit to launch a public bounty program, offering a 10% bounty on successfully recovered funds.
Odaily News: Cosine disclosed the interim investigation reports by SlowMist and Google Cloud's Mandiant on the Bitget hot wallet breach. Both reports indicate that the attackers first compromised systems related to third-party security products, then moved laterally into Bitget's wallet business environment.SlowMist's investigation revealed that one of the third-party security product nodes had a zero-day vulnerability, with related malicious activity traced back to as early as August 31. On September 25, the attackers also used an internal employee identity to access the management platform of another third-party security product and used highly customized withdrawal tools to interact with the wallet system's withdrawal logic. Mandiant stated that after gaining persistent access through third-party security devices, the attackers moved laterally to production wallet task servers and deployed malicious programs.Mandiant also stated that no evidence of Bitget private key leakage has been found so far, and cold wallets were not affected. Both security teams are continuing to investigate the specific intrusion paths the attackers took between the relevant systems.
Odaily News: The U.S. Attorney's Office for the District of Massachusetts filed a civil forfeiture lawsuit on September 28, seeking the forfeiture of 110,300 USDT seized from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins, worth approximately $900,000 at the time, from a beneficiary and their family trust held in the same Coinbase account.Investigators said that between June 5 and June 15, 2023, 11.2 of the stolen bitcoins were traced to the Binance account and were quickly converted into Monero. When the FBI requested the account be frozen, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026. (Bitcoin.com News)
Odaily reports: Privacy blockchain network Zano has disclosed that an inflation vulnerability involving Gateway Addresses has forced it to plan a rollback of approximately 24 hours of blockchain history, and has urged users to immediately cease all economic activity related to ZANO and Confidential Assets.Zano has promised to compensate for losses caused by the rollback, but has not yet announced the target block height for the rollback, the patched version, the compensation process, the mechanics of the vulnerability, or the amount of unauthorized assets created. Gateway Addresses went live on August 26 with Hard Fork 6. (Bitcoin.com News)
According to a Binance announcement, due to a security incident involving Zilliqa, the project team has announced the migration of ZIL from the Zilliqa mainnet to the ZILEVM network. Binance will discontinue support for the Zilliqa mainnet and will support ZIL deposits and withdrawals via the ZILEVM network. ZIL will be migrated from the Zilliqa mainnet to the ZILEVM network at a 1:1 ratio. Binance paused ZIL deposits and withdrawals on the Zilliqa mainnet at 9:00 on August 5, and will reopen deposits and withdrawals on the ZILEVM network upon completion of the migration without further notice. During the migration period, spot trading, leverage trading, contract trading, and Binance wealth management services remain unaffected.
Odaily News: HL HUB (Community) posted on X that Hyperliquid is expected to receive its first AQAv2 reserve yield distribution tomorrow (October 3). Approximately $14.5 million in passive yield generated from USDC reserves will flow into the Assistance Fund for HYPE buybacks.It is reported that under AQAv2's revenue-sharing mechanism, Hyperliquid stablecoin deployers are required to allocate 90% of stablecoin reserve yield to the Hyperliquid protocol, and 100% of these proceeds will be used for buying back and burning HYPE tokens. Stablecoin reserve yield sharing is accumulated and settled on a 30-day cycle, with proceeds automatically transferred to the Assistance Fund on the 8th day after the cycle ends. Formal yield accrual began on August 26, so the first yield payment will be made on October 3.
On October 2, 2026, key U.S. data including nonfarm payrolls, the unemployment rate, and wage growth will be released, alongside the initial September CPI reading for the euro area and Japan's August unemployment rate. Multiple senior Federal Reserve officials will deliver speeches in quick succession that day, and markets must closely monitor shifts in liquidity expectations.
Odaily News: Cosine disclosed the interim investigation reports by SlowMist and Google Cloud's Mandiant on the Bitget hot wallet breach. Both reports indicate that the attackers first compromised systems related to third-party security products, then moved laterally into Bitget's wallet business environment.SlowMist's investigation revealed that one of the third-party security product nodes had a zero-day vulnerability, with related malicious activity traced back to as early as August 31. On September 25, the attackers also used an internal employee identity to access the management platform of another third-party security product and used highly customized withdrawal tools to interact with the wallet system's withdrawal logic. Mandiant stated that after gaining persistent access through third-party security devices, the attackers moved laterally to production wallet task servers and deployed malicious programs.Mandiant also stated that no evidence of Bitget private key leakage has been found so far, and cold wallets were not affected. Both security teams are continuing to investigate the specific intrusion paths the attackers took between the relevant systems.
Odaily News - Nasdaq-listed company DeFi Development Corp. (DFDV) announced that since September 21, it has increased its holdings by approximately 47,706 SOL, bringing its total SOL and SOL equivalents holdings to approximately 2,538,010, currently valued at approximately $309 million. This increase brought its SOL holdings up approximately 2% week-over-week, and up approximately 10% since the release of its second-quarter earnings report on August 12, during which it accumulated more than 226,000 SOL. (Globenewswire)
Odaily reports: An analysis published by a16z crypto on September 23 shows that the total trading volume of real-world asset perpetual contracts in August 2026 reached $117.3 billion, of which on-chain platforms accounted for approximately $101 billion, or 86%; centralized exchanges accounted for approximately $16 billion, a 44x increase compared to the same period last year. A year ago, on-chain platforms accounted for only one-third or less of trading volume.As of the end of August, open interest stood at $4.8 billion, roughly 30 times larger than the $161 million recorded in July 2025. By trading volume, equities accounted for 48%, commodities 28%, and indices 18%, marking a shift from the previous structure dominated by commodities. a16z stated that Hyperliquid's HIP-3 protocol, launched in October 2025, simplified the creation of new perpetual markets and enhanced liquidity sharing.
Odaily reports: Privacy blockchain network Zano has disclosed that an inflation vulnerability involving Gateway Addresses has forced it to plan a rollback of approximately 24 hours of blockchain history, and has urged users to immediately cease all economic activity related to ZANO and Confidential Assets.Zano has promised to compensate for losses caused by the rollback, but has not yet announced the target block height for the rollback, the patched version, the compensation process, the mechanics of the vulnerability, or the amount of unauthorized assets created. Gateway Addresses went live on August 26 with Hard Fork 6. (Bitcoin.com News)
Odaily reports: Binance founder CZ stated in a recent interview that he was assigned to the low-security Lompoc II prison in California, where FTX founder SBF was later also detained.Before entering prison, CZ assembled an advisory team to learn the rules of the prison cell block, and communicated with other inmates through one of his advisors to adapt to prison life.In August 2024, CZ left Lompoc prison and was transferred to a halfway house, spending his final two weeks at a local jail due to immigration status issues; within 26 minutes of his release, his private jet took off.
Odaily reports: According to monitoring by Hans, co-founder of Hyperdash, Hyperliquid's AQAv2 mechanism has created a new revenue stream. On October 3, the AQAv2 treasury wallet completed its first payment, paying $14.58 million for the USDC reserves held by the trading platform over the past 30 days. The funds will go into the assistance fund to buy HYPE.Under this mechanism, after users bridge USDC to Hyperliquid, Circle mints the corresponding assets on HyperEVM and bills the treasury balance daily, settling every 30 days. Coinbase and Circle each stake 500,000 HYPE; if payment is not made on time, Coinbase could lose 2% of its staked amount per day.Hans stated that Hyperliquid's revenue previously came mainly from trading fees, and AQAv2 enables the platform to earn revenue from margin deposits, regardless of whether the related funds participate in trading. The first payment covers August 26 to September 24, implying an average fee rate of about 3.14%, with annualized revenue estimated at approximately $193 million at the current scale.From January 1 to September 30 this year, Hyperliquid's open interest increased from $7.72 billion to $16.4 billion, and platform margin increased from $4.34 billion to $7.22 billion; during the same period, perpetual contract cumulative trading volume was about $2 trillion, and the protocol earned $493.3 million in fees, equivalent to charging about 2.46 basis points per dollar of trading volume. Based on this year's average trading pace and the current AQAv2 fee rate, every $1 of margin can contribute about 15.4 cents in annual revenue to the protocol, of which about 12.5 cents comes from trading fees and about 2.8 cents comes from AQAv2. Hans expects that under a baseline scenario where the stablecoin market grows 20% annually and Hyperliquid maintains its current market share of about 8.7%, the protocol's annual revenue could increase from about $1.11 billion currently to $2.4 billion by the end of 2030.
Odaily News: In September, long-dormant Bitcoin addresses transferred out 5,419.45 BTC, worth approximately $457 million, involving 94 transactions. The transfer volume was lower than August's 6,427.59 BTC but higher than July's; among them, wallets created in 2016 transferred out 1,556.53 BTC across 13 transactions.Wallets created in 2013 transferred out approximately 888.91 BTC across 26 transactions. Another roughly 57 transfers involved Bitcoin that had been dormant for 12 to 16 years; September 6 saw the highest transfer volume, reaching 1,620.39 BTC. (Bitcoin.com News)
according to on-chain analyst Aunt Ai's monitoring, a certain address has become the address with the highest unrealized profit on ETH positions on Hyperliquid, with an unrealized profit of $16.52 million. This address has been gradually building ETH long positions since mid-August, and currently holds approximately 30,300 ETH, worth about $81.96 million, with an average entry price of $2,134.45 and a return rate of 407.96%. Additionally, this address has placed a limit sell order at $4,000, which is 49% higher than the current price.
According to on-chain analyst Ai Yi, a whale deposited 6,595.2 ETH to Coinbase 3 hours ago, worth approximately $17.57 million. Of this, 6,500 ETH was withdrawn from exchanges between June and August 2025 at an average price of $3,040.4, with unrealized losses once exceeding $9.557 million during that period. After holding ETH for about a year, the whale appears to have cut losses and exited, with an estimated loss of $2.443 million and a 12.3% decline in assets.
Bitcoin News posted on X platform stating that August core PCE rose 0.2% month-over-month and 3.0% year-over-year, below the 3.3% forecast by The Wall Street Journal; headline inflation rose 0.3% month-over-month and 3.4% year-over-year. Bitcoin briefly broke above $85,000 before pulling back; the U.S. 10-year Treasury yield briefly dropped to around 5.20%, then rebounded to around 5.28%.