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Deribit executives: The altcoin season has not yet arrived, and the market lacks trading volume and growth momentum

Deribit's Chief Business Officer Jean-David Péquignot stated that loose central bank policies may indeed increase market liquidity and drive speculative funds into risk assets. However, the market currently lacks sufficient trading volume and broad growth momentum. The recent rise in the price of Ethereum compared to Bitcoin is considered a potential signal of market shift, but it is not yet enough to trigger a full-fledged altcoin season.

2025-08-28 16:23:03

Trump's list of 11 candidates for Federal Reserve Chairman includes three who are open to cryptocurrencies

 U.S. Treasury Secretary Scott Bessent said on Wednesday that there are currently 11 "highly qualified candidates" competing for the position of Chairman of the Federal Reserve. He will begin reviewing and selecting candidates from next month. The list of candidates includes Lori Logan, President of the Dallas Federal Reserve Bank, James Bullard, former President of the St. Louis Federal Reserve Bank, Philip Jefferson, Vice Chairman of the Federal Reserve, Chris Waller, Federal Reserve Governor, Michelle Bowman, Vice Chairman of Federal Reserve Supervision, and former Federal Reserve Governor Larry Lindsey.

2025-08-28 16:22:57

Publicly listed company LQWD has deployed 19.75 BTC from its Bitcoin vault to the Lightning Network

the Canadian listed company LQWD has deployed 19.75 BTC from its Bitcoin treasury to the Lightning Network. By collecting routing fees, these bitcoins generated an effective annualized yield of up to 24%.

2025-08-28 15:17:27

Hal Finney, the first recipient of Bitcoin, passes away 11 years ago

according to Watcher.Guru, today is the 11th anniversary of the death of Hal Finney, the first recipient of Bitcoin.

2025-08-28 15:17:18

The Smarter Web Company added 45 bitcoins, bringing its total holdings to 2,440.

according to NLNico, the UK listed company The Smarter Web Company increased its holdings of 45 bitcoins, with a total holding of 2440 coins.

2025-08-28 15:17:15

Publicly listed company LQWD has deployed 19.75 BTC from its Bitcoin treasury to the Lightning Network

according to @BTCtreasuries, the Canadian listed company LQWD has deployed 19.75 BTC from its Bitcoin treasury to the Lightning Network.

2025-08-28 15:17:06

Arthur Hayes: With the expansion of stablecoins, ETHFI and ENA will rise 34 times and 51 times respectively

former BitMEX CEO Arthur Hayes predicts that two tokens - Ether.fi's ETHFI and Ethena's ENA - have huge potential for price increases.

2025-08-28 15:16:33

Fosun Wealth launches its own Web3 brand FinChain

FinChain, a Web3 brand independently incubated by Fosun Wealth Holdings, has been officially launched, and it has announced that it has signed the relevant agreement for the first round of external financing with investors, with a financing amount of several million US dollars. Strategic investors include the Solana Foundation, Vaulta Foundation, SonicLabs, Animoca Brands, Unified Ventures, and Tengyun Capital, etc. (Sohu Finance)

2025-08-28 15:16:31

Bitcoin asset management company K33 releases second quarter 2025 financial report

On August 28th, Bitcoin asset management company K33 released its second quarter financial report for 2025, with a revenue of 399 million Swedish Krona, a year-on-year increase of 108%. In addition, K33 has submitted an application for a MiCA license to the Norwegian Financial Supervisory Authority and expects to be approved within the year to ensure that its products comply with the European regulatory framework.

2025-08-28 15:16:30

OKX's Japanese subsidiary, okj.com, has received FSA regulatory approval, becoming one of the top three exchanges in Japan.

On August 28th, according to OKX CEX Star's post on the X platform, "Japan is one of the most important markets for Web3 adoption. OKX's Japanese branch (okj.com) has obtained comprehensive regulatory approval from the Japanese Financial Services Agency (FSA) and is among the top three exchanges in Japan. We are also proud to be able to co-host events such as the "Sei Tokyo Tower Special" with partners, actively supporting builders, entrepreneurs, and the community. With the combined efforts of all parties, we are actively driving the future of blockchain in Japan."

2025-08-28 15:16:26

The Shanghai Procuratorate announced a "GDFC" virtual currency fraud case involving a total amount of more than RMB 35 million.

the Shanghai procuratorate held a series of news conferences yesterday and reported relevant cases. Among them, it was shown that crimes committed under the guise of technological innovation, such as virtual currency and digital collectibles, are gradually emerging. In a new type of financial fraud case in which victims were deceived into investing in virtual currency, the defendant Wu and others, during the operation of a certain e-commerce company in Shanghai, fraudulently obtained a total of more than 35 million yuan from victims by issuing their own "air currency" GDFC, which has no actual value. The related funds flowed into the personal accounts of the persons involved in the case. Their actions constitute the crime of fraud. At present, the Minhang District Procuratorate in Shanghai has filed a public prosecution against them for the crime of fraud.

2025-08-28 15:16:25

Ethereum reserves and spot ETF holdings now exceed the current Ethereum supply by 9%.

 according to strategicethreserve data, the reserve entities of Ethereum and spot ETFs now hold more than 9% of the current Ethereum supply, now at 9.2%. Among them:

2025-08-28 14:13:53

MGBX will launch LIGHT spot trading at 16:00 (SGT) on August 28th.

According to official sources, MGBX will go live on LIGHT (Light) spot trading on August 28, 2025 at 16:00 (SGT)

2025-08-28 14:13:51

Hut 8 secured $330 million in credit from Two Prime and Coinbase and currently holds over 10,000 Bitcoins

 The Miner Mag reported, cryptocurrency mining company Hut8 announced that it has secured $330 million in credit support for the construction of four large-scale infrastructure projects in the United States, totaling an expansion of 1.53GW capacity.

2025-08-28 13:55:38

Hong Kong Securities and Futures Commission: Market capitalization of the first batch of virtual asset spot ETFs increased by 73% in Q2, and the number of licensed virtual asset platforms increased to

 the Hong Kong Securities and Futures Commission released the Quarterly Report for April to June 2025, disclosing that as of the end of July, the number of licensed virtual asset trading platforms in Hong Kong has increased to 11, while the number of licensed corporations allowed to provide virtual asset trading services is 57. As of the end of June, the market value and daily average trading volume of the first batch of 6 virtual asset spot ETFs recognized by the Hong Kong Securities and Futures Commission have increased by 73% and 13% respectively since their listing. Currently, the number of virtual asset spot ETFs recognized by the Hong Kong Securities and Futures Commission has increased to 9.

2025-08-28 13:55:36

Upbit to launch TREE Korean Won, BTC, and USDT trading pairs

according to the official announcement, Upbit will list TREE Korean won, BTC, and USDT trading pairs.

2025-08-28 13:55:27

A whale is increasing its long position in Ethereum, and its total holdings have now reached 86,845 ETH

according to Lookonchain monitoring, an address marked as "whale" 0xa523 is continuously increasing its long position in Ethereum (ETH), with a total holding amount of 86,845 ETH, worth approximately 2.977 billion US dollars. The estimated liquidation price of this position is $4,342.8.

2025-08-28 13:55:06

Webull launches cryptocurrency service in Australia

the US trading app Webull launched cryptocurrency services in Australia on Wednesday, offering users hundreds of different digital assets. Experts say this move will force local exchanges to lower fees, otherwise they may lose customers.

2025-08-28 13:55:04

Analysis: At current prices, BitMine needs to invest approximately $19 billion to reach its goal of "5% of Ethereum supply"

On August 28th, according to CryptoISO, BitMine has reported holding over 1.7 million ETH. In order to reach the reserve target of 5% of the Ethereum supply, an additional purchase of approximately 4.3 million ETH is needed. At the current price ($4534), this transaction would cost around $19.5 billion. When the ETH price approaches $4200, this cost will decrease to around $18.2 billion. The estimated daily trading volume of ETH is between $30 billion and $50 billion.

2025-08-28 13:55:01

Solana's "Major Consensus Upgrade to 150ms Block Finality" Proposal Enters Voting

On August 28th, according to the relevant governance page, the proposal "Achieving major consensus upgrade with 150ms block final confirmation" (SIMD-326) has entered the voting stage.

2025-08-28 13:09:15