Crypto Morning News: YZi Labs announces investment in stablecoin protocol USD.AI, Trump Media & Technology Group plans to establish CRO reserve company
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Crypto Morning News: YZi Labs announces investment in stablecoin protocol USD.AI, Trump Media & Technology Group plans to establish CRO reserve company
Pantera Capital plans to raise $125 million to transform a Nasdaq-listed company into a Solana investment firm.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
White House Economic Council Director: Fed September meeting likely to cut rates by 25 basis points
According to Jinshi Data, White House Economic Council Director Brainard stated that the Federal Reserve's September meeting is likely to cut interest rates by 25 basis points.
CFTC Commissioner Kristin Johnson announces upcoming departure; CFTC now down to one commissioner
Per The Block, U.S. Commodity Futures Trading Commission (CFTC) Commissioner Kristin Johnson announced she will officially depart on September 3, leaving only acting chair Caroline Pham at the agency. So far this year, four commissioners have either announced or completed their departures from the CFTC.
Brian Quintenz, nominee for CFTC Chair under the Trump administration, has faced obstacles in confirmation, with Senate committee votes canceled twice. The CFTC is expected to play a key role in future cryptocurrency regulation, and Congress is currently drafting legislation to expand its regulatory authority over the industry.
Bitwise submits S-1 filing for Chainlink ETF to the SEC
Bitwise has submitted an S-1 registration form for a Chainlink ETF to the U.S. Securities and Exchange Commission (SEC).
Union unveils tokenomics model: 10 billion total supply, 12% of initial circulation allocated to community incentives
According to official news, interoperability protocol Union has released the tokenomics for its U token, with an initial total supply of 10 billion tokens.
The initial circulating supply is 1,919,050,000 tokens (19.19% of pre-inflation total), distributed as follows: strategic investors 21.4%; ecosystem 14.1%; foundation 20%; community incentives 12%; DAO treasury 12.5%; core contributors 20%.
dYdX updates roadmap: Plans to launch Telegram trading and enhance token utility
Per an official announcement, dYdX has released its latest roadmap. The platform plans to launch Telegram trading functionality in September 2025, allowing users to trade via web and Telegram while sharing in monthly rewards exceeding $3 million.
In addition, dYdX will roll out several major upgrades including a partner fee-sharing program (up to 50% of protocol fees), social login, TWAP order functionality, and plans to introduce spot trading, support multiple blockchains including Solana, and add USDT, Solana, and fiat on-ramps.
Mind Network announces technical partnership with Ant Digital Technologies, an Ant Group company, to jointly explore innovations in on-chain fully homomorphic encryption technology
Fully Homomorphic Encryption (FHE) infrastructure project Mind Network has announced a technical partnership with Ant Digital Technologies to continue innovative exploration. Both parties will jointly focus on encrypted RWA, on-chain private data transmission, and end-to-end automated encryption, aiming to create a new data security experience.
This collaboration builds upon the previously launched On-Chain Encrypted Messaging System, designed to provide native compliant privacy and communication capabilities for real-world asset (RWA) use cases such as real estate, stablecoin settlement, and cross-border payments. It supports secure, compliant, and private asset flows on-chain, accelerating the adoption and popularization of on-chain assets.
As a quantum-resistant FHE infrastructure, Mind Network is driving a fully encrypted internet through secure data and AI computation, collaborating with industry leaders to advance the development of the zero-trust internet protocol HTTPZ, establishing new standards for trusted AI and encrypted data processing in the Web3 and AI ecosystems.
YZi Labs announces investment in stablecoin protocol USD.AI
According to official news, YZi Labs has announced a strategic investment in USD.AI, a financial protocol built on AI infrastructure. USD.AI is a protocol offering hardware-backed financing, with a current total value locked (TVL) exceeding $62 million.
The protocol introduces a loan model backed 1:1 by physical AI hardware, reducing the traditional 60–90 day credit approval cycle to under seven days. Dana Hou, Investment Partner at YZi Labs, said that USD.AI transforms the challenges of AI hardware financing into decentralized finance-native yield products, effectively aligning interests among depositors, borrowers, and infrastructure providers.
Axios: Polymarket receives tens of millions in funding from venture fund backed by Trump’s son
Per Axios, Donald Trump Jr.'s venture capital fund, 1789 Capital, has invested tens of millions of dollars into Polymarket.
Trump Media Group partners with Crypto.com to establish $6.42 billion CRO reserve entity
Per Globe Newswire, Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: DJT), Crypto.com, and special purpose acquisition company Yorkville Acquisition Corp. (Nasdaq: YORK) have announced a definitive agreement to form Trump Media Group CRO Strategy, a digital asset reserve company.
The company plans to build a CRO token reserve supported by $1 billion in CRO tokens (approximately 6.313 billion tokens, about 19% of total CRO market cap), $420 million in cash and warrants, and a $5 billion credit facility from affiliates of Yorkville. Upon completion, the new company will be majority-owned jointly by Yorkville, Trump Media, and Crypto.com, and is planned to list on Nasdaq under the ticker symbol "MCGA".
Pantera Capital aims to raise $1.25 billion to transform Nasdaq-listed firm into Solana investment company
Per Cointelegraph, Pantera Capital plans to raise up to $1.25 billion to acquire a Nasdaq-listed public company, rebrand it as "Solana Co," and focus on accumulating SOL tokens.
Former Kuaishou executive involved in $140M bribery case using Bitcoin for money laundering, setting new record for big tech corruption
Per Financial Story Digest, Feng Dian, former general manager of Kuaishou's e-commerce service provider operations center, has been sentenced for embezzlement, involving an amount as high as $140 million, setting a new record for corruption in major internet companies. Feng exploited his position to create loopholes in subsidy policies, colluded with suppliers to submit false applications, transferred company funds into accounts he controlled, and laundered the illicit proceeds by converting them into Bitcoin and other cryptocurrencies through eight different overseas virtual currency trading platforms. The case was recently adjudicated, with Feng Dian and six others sentenced to prison terms ranging from 3 to 14.5 years for职务侵占罪 (embezzlement), and over 90 hidden Bitcoins recovered.
Market Movements
Suggested Reading
Backed by YZi Labs: A deep dive into USD.AI’s new stablecoin mechanics
This article primarily introduces the USD.AI project, an innovative stablecoin protocol combining AI hardware-backed financing, aiming to fill the financing gap left by traditional finance in the AI economy. It details USD.AI's operational mechanisms, financing background, and market impact, while analyzing the polarized market perceptions of the project.
This article explores the role of "curators" in the crypto industry—individuals who write their own stories through innovation and perseverance in a decentralized world. It is divided into sections introducing experiences and insights from a crypto community builder, a job platform founder, a crypto project incubator founder, and a physical space founder. These curators drive industry progress in diverse ways and persist through bear markets, injecting vitality into the crypto space.
The man who shorted $LIBRA and $MELANIA just made $12 million on $YZY
This article reveals how crypto investor Hayden Davis profited significantly from insider trading and market manipulation across multiple celebrity token projects. Using early positioning and precise exits, he captured massive gains during token surges while causing serious losses to retail investors. The article also analyzes his operational tactics in the recent $YZY project and highlights on-chain data exposing his transaction trails and systematic insider trading patterns.
Pantera Capital Deep Dive: The Value Creation Logic Behind Digital Asset Treasuries (DATs)
This article mainly discusses the investment logic and value creation of Digital Asset Treasuries (DATs) within the cryptocurrency sector, using BitMine as a case study to analyze its strategy and growth potential. It also covers Ethereum’s strategic value as a macro trend for the next decade and the practical operational methods of the DAT business model.
How will the 2025 updated aiding-information-network-crime regulations impact Web3 practitioners?
This article thoroughly examines the implications of the 2025 updated judicial interpretation on aiding information network crime activities for the Web3 industry. It discusses changes in legal practice regarding cybercrime facilitation, analyzes impacts on cryptocurrency and Web3 professionals, and provides compliance recommendations.
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