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US Trustee Blames 'Dishonest Debtors' in $12.5 Million Cryptocurrency Bankruptcy

a man who operated a cryptocurrency Ponzi scheme in Texas and squandered investors' funds on luxury goods and gambling trips has been denied bankruptcy discharge. Legal experts say this proves that bankruptcy cannot be a "safe haven" for cryptocurrency fraud.

2025-09-11 15:15:43

Solana Co-Founders Call for Punishment of Solana Validators Who Intentionally Delay Blocks, Steal Rewards, and Slow Down the Network

Anatoly "Toly" Yakovenko, co-founder of Solana, called for punishment of Solana validators who delay slots, steal rewards, and slow down the network. Yakovenko called for punishment because he was frustrated with validators using complex delay strategies to gain extra fees and high-value transactions. Intentional slot delays have become very annoying, to the point where one validator created a dashboard to showcase this issue. Since August 5 - Solana epoch 829, the average slot time has increased by 2.5%. Some complain, "The price of SOL should rise, not the block time." An observer asked if these delays would trigger a 2.0 version of "Intentional Leader Reward Boost (ILRB)." ILRB is a time strategy that some validators use when they intentionally delay block production. By extending slot times to over 400 milliseconds as expected by Solana, they deliberately delay the delay time and allow them to unfairly pack more transactions in their blocks to get higher fees or rewards. Yakovenko suggests "defaulting to discard these blocks after 10 slots" as a punishment for slow but influential validators. He has also repeatedly called for economic penalties against validators who behave improperly. Currently, the Solana developer store Anza has proposed a series of proposals to consider implementing a slashing mechanism in the network, punishing validators by deducting their stake, but this also poses risks to SOL stakers.

2025-09-11 15:15:34

A whale sold 2,880 ETH in exchange for 110.56 cbBTC, earning $4.64 million

 according to Onchain Lens monitoring, a whale sold 2880 ETH (12.67 million US dollars) after holding it for 3 months, and exchanged it back for 110.56 cbBTC at an average price of 114,597 US dollars. The cost of buying ETH for the whale was 73.4 cbBTC (approximately 8.02 million US dollars), making a profit of 4.64 million US dollars in this transaction, with an increase of 37.16 cbBTC in its cbBTC holdings.

2025-09-11 15:15:32

Paul Chan: Hong Kong's stablecoin emphasizes protecting investors and the stability of the financial system

according to Aastocks, Hong Kong Financial Secretary Paul Chan Mo-po stated at the Belt and Road Summit that artificial intelligence is a key driver of digital innovation. Hong Kong has already made the development of artificial intelligence a policy priority and is actively promoting the development of related data, capital, and talent. Chan Mo-po also pointed out that Hong Kong has introduced a licensing system for virtual asset exchanges and stablecoins, emphasizing that a prudent and risk-based approach will be taken to safeguard the stability of investors and the financial system.

2025-09-11 15:15:27

Ronin OP Stack receives $5-7 million in grants for adopting OP Stack

On September 11th, Ronin stated in a blog post that by integrating OPStack, the project will receive a milestone grant of $5-7 million from Optimism Foundation, Eigen Labs, Boundless Foundation in the form of tokens such as OP, ZKC, EIGEN. Earlier last week, Ronin governance validators officially voted to adopt Optimism's OP Stack as the Ethereum layer 2 scaling solution.

2025-09-11 14:17:28

Coinbase: Resolved issue preventing some users from transferring cryptocurrencies

Coinbase stated, "The fix has been implemented, and the issue of some users being unable to transfer cryptocurrencies has been resolved. We will continue to monitor to ensure all services are back to normal." Earlier reports stated that Coinbase said, "Some users may currently be unable to initiate cryptocurrency transfers; our team is investigating this issue and will provide updates shortly."

2025-09-11 14:17:24

Bitwise executive: "Fat apps" may become the mainstream narrative in a few months

a new view is gaining popularity, which believes that the value of most cryptocurrencies today is not captured by the blockchain itself, but is concentrated at the application layer. This trend is becoming more apparent with the rise of Hyperliquid and may change investors' behavior in the coming months.

2025-09-11 14:17:20

Consensys founder: Holding LINEA will receive additional token rewards in the future

Joseph Lubin, the founder of Consensys and co-founder of Ethereum, posted on social media that holding Linea can bring further reward opportunities, mainly other token rewards; some from Consensys, some from protocols we collaborate with. MetaMask and Linea are working together to create the relevant mechanisms to achieve this goal. Holding LINEA tokens indicates that you are a member of the community and may participate in activities such as building, staking, and using. In the future, users who hold a certain number of tokens for a certain number of days may receive additional token airdrops, with higher rewards for holding more tokens for longer periods.

2025-09-11 14:17:19

The Hong Kong Monetary Authority has consulted the industry on its revised crypto-asset regulatory policy manual.

 the Hong Kong Monetary Authority (HKMA) has released a new regulatory policy manual outlining the classification of crypto assets under the Basel capital rules. Starting from January 1, 2026, Hong Kong will implement the Basel framework by amending its capital, disclosure, and significant risk exposure rules. The manual categorizes crypto assets into two groups. The first group includes tokens pegged to traditional assets and stablecoins with effective stabilization mechanisms, which will be treated similarly to equivalent traditional assets. The second group includes unsecured tokens, such as Bitcoin and Ether, as well as ineligible tokenized assets and stablecoins, which will face comprehensive capitalization and stricter treatment. Stablecoins licensed under Hong Kong's latest "Stablecoin Ordinance" will be considered lower-risk assets. Industry professionals can provide feedback on the revised rules by October 10th.

2025-09-11 14:17:18

Avalanche to raise $1 billion to establish treasury firm, acquire AVAX at a discount

according to FT, the Avalanche Foundation is in talks with investors to establish two "digital asset treasury companies" in the United States, planning to raise a total of $1 billion, with the funds being used to purchase at a discount millions of AVAX tokens held by the foundation.

2025-09-11 14:17:15

LlamaRisk: Circle and Tether's bug bounty programs don't go far enough

Circle and Tether are being questioned by DeFi risk management company LlamaRisk because their bug bounty programs are "seriously inadequate," with the highest amount not exceeding $10,000.

2025-09-11 14:17:13

A newly created wallet withdrew another 7,766 ETH from OKX, worth $34.02 million.

 according to on-chain analyst OnchainLens (@OnchainLens), a newly created wallet once again withdrew 7,766 ETH from OKX, worth $34.02 million. The wallet currently holds a total of 15,543 ETH, worth $68.41 million.

2025-09-11 14:17:12

Citigroup: South Korea's $350 billion investment in the US may increase pressure on the won's depreciation

Citibank analyst Jin-Wook Kim said that South Korea's commitment to invest $350 billion in the United States could put pressure on the South Korean won. Learning from the lessons of the 1997-1998 financial crisis, South Korea is unlikely to use its $416 billion in foreign exchange reserves, so public institutions may need to raise $20-30 billion in foreign currency each year. The remaining $86-96 billion in financing may need to rely on the bond market. Large-scale bond issuance may push up financing costs and put pressure on the South Korean won. Even if private companies share some of the financing burden, the decrease in the proportion of US export income converted into South Korean won due to US investment may also bring depreciation risks. Citibank expects South Korea to ask the United States to provide solutions for potential foreign exchange shocks and seek to extend the deadline for investment commitments. 

2025-09-11 14:17:05

Native Markets' winning probability for USDH bidding on Polymarket soars to 90%

 according to zoomer, after news emerged that another competitor tried to "bribe" voters, the probability of NATIVE MARKETS winning the bid for USDH on Polymarket skyrocketed to 90%.

2025-09-11 13:16:33

A look at the key developments from the afternoon of September 11th

7:00-12:00 Keywords: Hyperliquid, Strategy, Brian Quintenz

2025-09-11 13:16:31

Coinbase Research Director: Technological demand for crypto treasuries will support the market in the short term

David Duong, research director of Coinbase, tweeted that we believe that the technical requirements of the crypto treasury will continue to provide sustained support for the crypto market in the short term, but the DAT (Digital Asset Treasury) phenomenon has reached a critical turning point. We are no longer in the early adoption phase of the past 6-9 months, but we also do not believe that we are close to the end. Instead, we have entered what is known as the PvP stage. This is a competitive stage where success increasingly depends on execution, differentiation, and timing, rather than simply copying a strategy playbook.

2025-09-11 12:17:24

Base will hold its first token offering (SYND) at the Aerodrome via Syndicate on September 17th.

 according to Bitcoin.com News, Coinbase's second layer scaling solution Base is set to launch its first token SYND on the DEX platform Aerodrome through Syndicate on September 17th.

2025-09-11 12:17:21

Variant Chief Legal Officer: There is currently no stablecoin that complies with the "GENIUS" rules, after all, the rules themselves are not yet determined.

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2025-09-11 12:17:19

Data: Over 1,000 Litecoin wallets accumulated 181,000 LTC in the past day

as reported by Cointelegraph, Litecoin rose by 5.5% as more than 1,000 LTC wallets accumulated 181,000 tokens in a single day. This trend may be driven by positive news, including the ETF application submitted by Grayscale and MEI Pharma allocating $100 million to Litecoin.

2025-09-11 12:17:15

Currently, Native Markets has a 30.78% support rate for USDH bidding, while Paxos has a 11.54% support rate.

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2025-09-11 12:17:11