Headlines
▌ VanEck insists on moving forward with Solana ETF plan despite Cboe filing removal
Although Cboe Global Markets has removed the VanEck Solana ETF's 19b-4 regulatory filing from its website, VanEck is still pushing forward with its Solana ETF plan. Matthew Sigel, head of digital asset research at VanEck, confirmed that VanEck's solicitation document (S-1) is still valid even though the document is no longer visible. Cboe filed an application with the U.S. Securities and Exchange Commission (SEC) in July seeking to list the Solana ETF on its exchange and asked the SEC to make a decision by March. Sigel said VanEck believes that Solana (SOL) is similar to Bitcoin (BTC) and Ethereum (ETH), a commodity rather than a security, and will continue to promote this plan with exchange partners.
▌ SkyBridge founder: Cryptocurrency voters may cause Harris to lose the US election
U.S. presidential candidate Kamala Harris could lose the U.S. election by failing to appeal to voters who support cryptocurrency, according to SkyBridge Capital founder Anthony Scaramucci.
“Let’s say there are only 25 million people in the U.S. who own crypto, but let’s say 5% of them are single-issue voters…if they’re in a swing state in the U.S., she’s going to lose the election,” Scaramucci said.
Scaramucci, who served as the White House Communications Director for the Trump administration, admitted that the U.S. Democratic Party’s attitude toward the cryptocurrency industry has been “a disaster.” Although most people in the cryptocurrency community seem to support Donald Trump because of his pro-crypto campaign stance, Scaramucci believes that he is not an ideal candidate for cryptocurrency.
"He's the most transactional person you'll ever meet. Today he's pro-crypto; tomorrow, he may or may not be pro-crypto," Scaramucci said.
Quotes
As of press time, according to Coingecko data:
BTC's latest transaction price is $59,569.58, with a daily change of +1.9% ;
The latest transaction price of ETH is 2,638.21 yuan, with a daily change of + 1.0% ;
BNB's latest trading price is $560.49, with a daily change of +5.6% ;
SOL's latest trading price is $144.36, with a daily change of +1.3% ;
DOGE's latest trading price is $0.1015, with a daily change of +1.5% ;
XPR's most recent trading price was $0.5985, with a daily change of -6.2% .
policy
▌Two brothers suspected of stealing $25 million in cryptocurrency using MEV robots will go on trial in 2025
Two brothers, Anton and James Peraire-Bueno, will go on trial in the U.S. District Court for the Southern District of New York on October 14, 2025 for allegedly stealing $25 million in cryptocurrency by using a Maximum Extractable Value (MEV) robot. They are charged with conspiracy to commit wire fraud, money laundering and other crimes. According to the Department of Justice, the brothers illegally obtained cryptocurrency in just 12 seconds and hid their assets through shell companies and foreign exchanges. Currently, both have been released on $250,000 bail and are subject to travel restrictions. If convicted, they could face up to 20 years in prison for each charge.
Blockchain Applications
▌Opinion : TON and Telegram’s key role in Web3 games
Catizen CEO David Mak and Foundation Chairman Tim Wong discussed the importance of Telegram's Open Network (TON) in Web3 games in an interview. TON's huge user base and incentive mechanism provide an ideal platform for Web3 games, helping to solve the problem of user acquisition. Catizen successfully converted a large number of users into high-quality users by combining in-app blockchain (IAB) and in-app purchases (IAP).
In addition, Catizen recently launched the "Catizen vibe, heal the world" charity project, using the proceeds to rescue stray cats and receiving positive feedback through community activities.
▌ Solana Ecosystem Perpetual Trading Protocol Drift Launches Prediction Market BET
Drift, the perpetual trading protocol based on Solana, has launched a prediction market called BET. Drift Labs is a core contributor to the Drift Protocol. BET is only available in countries where the Drift Protocol is live.
▌ Infinit launches “DeFi abstraction layer” to help launch customized DApps
Cryptocurrency developer Infinit has announced the launch of a “DeFi abstraction layer,” a tool that allows anyone to launch a custom dApp or scale an existing dApp in minutes.
The team said: “The infrastructure simplifies the development process without the need for complex coding languages like Solidity or Rust. At a later stage, non-developers will be able to launch and scale DeFi protocols directly from Infinit’s user-friendly interface, with no coding required at all. With support from companies such as Electric Capital and Mirana Ventures, Infinit has facilitated over $630 million in TVL across 12 protocols.”
Cryptocurrency
Ethereum DApp transaction volume dropped 33% in the past week
Ethereum (ETH) decentralized application (DApps) transaction volume plummeted 33% to $39.04 billion in the past week. The decline reflects the contraction of the overall cryptocurrency market, although Ethereum still leads in total locked value (TVL) and transaction volume. Ethereum spot exchange-traded funds (ETFs) performed mediocrely, leading to capital outflows and limiting ETH price gains.
While Ethereum’s TVL has increased by 9% in 30 days to $18.6 million, the TVL of the BNB chain has decreased. The Ethereum network’s decline in on-chain activity could have a negative impact on ETH prices, despite record high activity for second-layer solutions such as Base, Optimism, and Arbitrum. This broad decrease in activity points to a general waning of interest across the crypto industry.
▌ Polygon executive: RWA is a $30 trillion opportunity
Colin Butler, head of global institutional capital at Polygon, said that tokenized real-world assets (RWAs) represent a $30 trillion market opportunity globally. High net worth individuals and private equity funds will drive adoption in this area as tokenization brings liquidity and accessibility.
Butler pointed out that the current market for tokenized real-world assets has reached $11.66 billion and is expected to grow significantly in the future. About $9 billion has been invested in tokenized private credit instruments, with major examples including KKR and Hamilton Lane. Butler expects that tens of billions of dollars in tokenized private assets will be issued in the next few years. Currently, there are about $11.6 billion in tokenized RWAs held on blockchain networks, with the most popular being tokenized money market funds such as BlackRock USD Institutional Digital Liquidity Fund and Franklin OnChain US Government Money Fund.
▌ VanEck Digital Asset Research Director: Artificial Intelligence will bring a huge boost to Bitcoin miners
Artificial intelligence will give bitcoin miners a big boost, says VanEck’s head of digital asset research.
▌ Michael Saylor: Fair regulation and allowing big banks to custody Bitcoin can "make Bitcoin rise 100 times"
Michael Saylor said fair regulation, fair accounting and allowing big banks to custody Bitcoin could "make Bitcoin go up 100 times."
▌Moody ’s and Elliptic collaborate to enhance risk screening capabilities for virtual asset service providers
Moody's Financial Research has partnered with blockchain analytics company Elliptic to strengthen risk screening capabilities for virtual asset service providers (VASPs). The partnership will integrate on-chain and off-chain data, including digital asset transaction history, financial records, and regulatory databases to provide a more comprehensive risk assessment of VASPs. The two parties plan to use this information to create an "integrated risk engine" to help traditional financial services more effectively address anti-money laundering and compliance challenges. Elliptic's Holistic technology will play a key role in the service, tracking the flow of criminal proceeds across blockchains in an efficient and scalable manner.
▌ CryptoQuant analyst: Two on-chain indicators suggest Ethereum may be in the late stages of a pullback
CryptoQuant analyst Burak Kesmeci said on social media, "Two different on-chain indicators may indicate that we are in the late stages of an ETH pullback. Current data shows that Ethereum buyers are gradually regaining strength. However, whether this is just a temporary rebound or the beginning of a strong rebound led by bulls, time will tell."
Important economic developments
▌ECB Governing Council: The recent increase in the risk of negative growth in the euro area strengthens the case for the ECB to cut interest rates in September
ECB board member Rehn said there were no clear signs of a recovery in the manufacturing sector; industrial production may not be as temporary as expected; the recent increase in the risk of negative growth in the euro area further strengthened the ECB's case for a rate cut at its next monetary policy meeting in September.
▌The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 77%
According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in September is 77%, and the probability of cutting interest rates by 50 basis points is 23%. The probability of the Fed cutting interest rates by 50 basis points by November is 60.1%, the probability of cutting interest rates by 75 basis points is 34.8%, and the probability of cutting interest rates by 100 basis points is 5.0%.
▌Trump : I have the right to comment on interest rate policy, but the Fed does not have to listen
Facing criticism that he is undermining the Fed's autonomy, Trump downplayed criticism that he should be able to freely share his views on interest rate policy. "I think the president can speak. That doesn't mean they have to listen," Trump said Monday after an event in the swing state of Pennsylvania. Trump said he "tirelessly counseled" Fed Chairman Powell on interest rates during his tenure, "which may or may not have had an effect." "The president can certainly talk about interest rates, because I think I have good instincts," he said. "That doesn't mean I'm going to call the shots, but it does mean I should have the right to talk about it, just like anyone else."
▌Trump : If elected, he will consider letting Musk serve as a cabinet or advisory role
Former US President Trump said that if he is elected as the next US president, he would consider canceling the $7,500 electric vehicle tax credit; he would consider allowing Musk to serve in a cabinet or advisory role if he is willing.
▌New York Fed Survey: The proportion of American respondents who expect to be unemployed in the next four months hit a record high
The New York Fed's survey of consumer expectations showed that the proportion of respondents who thought they might lose their jobs in the next four months hit a record high since the survey was launched in 2014. Compared with a year ago, the proportion of respondents who expected to receive an offer in the next few months also increased. Overall, the New York Fed survey showed that the labor market turnover rate has increased, workers are increasingly dissatisfied with their wages and benefits, and maintain a high level of salary expectations.
▌US media: Against Trump, Harris proposes to raise corporate tax rate to 28%
According to NBC News, Democratic presidential candidate Harris called for raising the corporate tax rate to 28%, her first major proposal as a presidential candidate, aimed at increasing government revenue and funding the expensive programs she wants to promote. Harris' campaign spokesman James Singer said Harris will push for a 28% corporate tax rate, calling it "a fiscally responsible way to put money back in the pockets of working people and ensure that billionaires and large companies pay a fair share." If the policy is implemented, it will raise hundreds of billions of dollars. At the same time, it will also overturn a large part of the legislation signed by former President Donald Trump when he was president, which reduced the corporate tax rate from 35% to 21%. At the same time, Trump recently said that if he is elected president, he will further cut taxes, including for businesses.
Golden Encyclopedia
What is Delegated Proof of Stake (DPoS)?
DPoS is an evolution of the Proof of Stake (PoS) consensus mechanism, designed to provide enhanced scalability, efficiency, and democratic governance. Daniel Larimer proposed the concept of DPoS in 2014 as an enhancement to the traditional PoS consensus mechanism, designed to improve efficiency and scalability. Larimer first shared his vision in a Bitcointalk forum post, which led to the actual implementation of DPoS and the launch of BitShares in 2015. This marked the beginning of DPoS in blockchain technology, laying the foundation for its adoption in other projects such as Steem and Eos. Eos, in particular, used the consensus mechanism to conduct one of the largest initial coin offerings (ICOs) in the cryptocurrency industry in 2017, which attracted a lot of attention to DPoS and highlighted its potential in achieving high performance and decentralized governance.
Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
