Quick recap: Today's roundup includes legal developments, crypto-related listings and funds, various notable on-chain developments, and a few trading incidents and exchange/issuer settlements.
The article categorizes news by topic: law enforcement, new projects/ Token , funds and institutional investments, on-chain movements, and macro commentary. Each section summarizes the core, with a short analysis to help you grasp the key points quickly.
- Increased surveillance and enforcement: multiple investigative/legal agencies intervene in China, Brazil, Canada, the United States, and Hong Kong.
- Institutional Funds and Investors Step Up Crypto Access: ETFs, Direct BTC Purchases, and Massive Token Accumulation.
- on-chain events, Airdrop and exchange crashes (XPL, UXLINK, MIRA Airdrop ) affect liquidation and Token allocation.
Featured legal and administrative news
Agencies in many countries are investigating and dealing with fake news, money laundering and reporting violations related to cryptocurrencies as well as unusual transactions.
China: Yiyang (Henan) fines person who posted a fabricated AI article; Guizhou denies the news. Brazil launches a Lusocoin operation, freezing wallets and large assets. Canada (FINTRAC) fines Kucoin operator for failure to register and report, a record fine. Hong Kong SFC warns the platform is unlicensed.
Exchange incidents, compensation and trading safety
Aster has completed compensation for the XPL perpetual contract anomaly; users receive compensation directly in USDT.
The Aster incident occurred due to a system vulnerability that caused the price of XPL on the exchange to spike, leading to forced position closures. Aster announced refunds to those affected and recommended submitting a ticket via Discord for personal issues.
Token Launch / Mirroring and Tokenize
Fractal Bitcoin issues Wrapped FB (WFB) on Ethereum, 1:1 ratio with FB held on Fractal mainnet; Centrifuge issues SPXA, an S&P 500 fund on Base network; SharpLink will Tokenize SBET shares on Ethereum.
These steps reflect the trend of Tokenize traditional assets and bridging blockchains. Locking reserve Token and providing on-chain transparency are key to increasing user trust and liquidation.
ETFs, funds and institutional moves
BlackRock files for “iShares Bitcoin Premium Income ETF” in Delaware; Hashdex gets SEC approval for Hashdex Nasdaq Crypto Index US ETF; AlphaTON raises ~USD 71 million and buys large amount of TON; Bitwise files for Hyperliquid ETF according to Bloomberg.
The participation of large institutions shows that institutional Capital continues to expand into crypto, with ETF products and direct holding strategies of BTC/ALT. Investors need to monitor the detailed asset composition and governance framework of each product.
News about stablecoins and AI payment solutions
Cloudflare announces plans to launch NET Dollar — a USD-backed stablecoin for AI network transactions and instant payments between automated agents.
The idea is to increase programmability and speed of payments for AI workflows; however, regulatory compliance, transparent reserves, and governance models will determine market acceptance.
“Some might say that since everything is working now, there's no need to act. But if the transmission mechanism… breaks down, we will need to find an alternative target quickly.”
Logan, President of the Dallas Fed, Jinshi, 2025 (translation)
on-chain volatility, whales and Airdrop
Big moves: new wallet withdraws 1,524 BTC (approx. USD 171M) from exchange; a Plasma Staking whale (50M USDC) receives ~54.08M XPL, worth ~USD 40.56M; large XPL Longing position on Hyperliquid is floating profit of about USD 4.15M.
Airdrop and distributions (Binance MIRA, Plasma/XPL Airdrop , Binance-Plasma program) alter Token distribution and may impact short-term liquidation . on-chain investors should monitor large wallets and Airdrop related Snapshot schedules to assess risk/advantage.
Trading, listing and corporate action
Binance launches HODLer Airdrop for Mira (MIRA) — total supply of 1 billion, 20 million Token (2%) for HODLers; Robinhood US to list WLFI; ETHZilla plans to use ~10,600 ETH (~USD 47 million) for Staking via Puffer.
Airdrop and simultaneous listings can attract new liquidation but also create initial selling pressure. Corporate treasury firm Scilex swapped shares for $200 million worth of BTC , demonstrating the trend of treasuries holding BTC.
Macro news: interest rates, GDP and tariffs
US: Weekly jobless claims 218,000; Q2 real annual GDP 3.8%. Some Fed officials call for faster rate cuts, suggesting a 50 basis point cut in the near term.
Monetary policy decisions continue to influence risk assets, with cryptocurrencies sensitive to liquidation conditions. There is also news of large tariffs on imported furniture and pharmaceuticals from October 2025, which could impact global supply chain .
FAQ — Frequently Asked Questions
1. How did Aster handle the XPL case?
Aster completes direct compensation in USDT for users whose positions were closed due to system errors, and requests to submit tickets if there are still unresolved issues.
2. What is Wrapped FB (WFB) and is it safe?
WFB is an ERC‑20 Token on Ethereum, intended to be backed 1:1 by FB locked on the Fractal mainnet and have verifiable reserves on-chain; security depends on reserve transparency and Custodian reliability.
3. What is Hashdex ETF allowed to do differently than previous crypto ETFs?
Hashdex Nasdaq Crypto Index US ETF approved under new listing standards, allowing the fund to spot hold many Token beyond Bitcoin and Ethereum, such as XRP, SOL, XLM.
4. How was the fake news about “Bitcoin female official” handled?
Local authorities investigated and punished the person who posted the AI article creating fake news; the provincial disciplinary committee rejected the information and the police applied administrative measures according to regulations.
