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Flop Labs has unveiled the tokenomics for its native token FLOP. The company said FLOP can be earned through network participation, with no separate venture capital allocation or presale. The cumulative supply is projected to reach 17.2 billion FLOP by year 10, with allocations of 51.2% to miners, 20.4% to the airdrop, 11.4% to the team and foundation, 6.9% to validators, 6.8% to brokers and agents, and 3.4% to staking rewards. The airdrop will target miners, validators, agents and early community participants. Annual inflation after year 10 is set at 0.6%. The tokenomics released so far are a draft and may be adjusted later.

JPMorgan, Bank of America, Wells Fargo and Santander are moving to form a consortium for a joint global stablecoin launch, The Wall Street Journal reported. Separately, JPMorgan has also considered issuing its own stablecoin, according to the report.

Pump.fun, a Solana-based memecoin issuance platform, said it will support HyperEVM, the smart contract execution layer of Hyperliquid (HYPE), on its mobile app. Pump.fun said it is the first mobile app to fully support HyperEVM. Users will be able to trade HyperEVM-based tokens for USDC on the Pump.fun app with almost no transaction fees.

Institutional DeFi platform Sentora announced the launch of a dedicated vault on decentralized lending protocol Morpho that uses Huma Finance’s payment finance token PST as collateral. Users can deposit PYUSD to provide liquidity for loans backed by PST, with loan-to-value limits and exposure caps applied to the vault.

Crypto-related stocks moved lower as U.S. trading began today. Gemini (GEMI) fell 4.37%, while American Bitcoin (ABTC) was down 4.35%. MARA fell 3.64%, Strategy (MSTR) 3.55%, Coinbase (COIN) 3.13%, and Riot Blockchain (RIOT) 2.77%. Other decliners included Bullish (BLSH), down 2.59%, Robinhood (HOOD), down 2.27%, Bitmine (BMNR), down 1.73%, and Circle (CRCL), down 1.70%.

XRP is testing a key support level after surging to $1.69 last week and then slipping below $1.40, according to an analysis by The Crypto Basic. The outlet said XRP climbed to $1.69 last week but met strong resistance there before falling to around $1.40, a move that suggests it has absorbed liquidity near a recent resistance zone and is now heading toward support. Looking at spot supply alongside the derivatives market, The Crypto Basic said short-term selling pressure has yet to fully ease. If XRP holds $1.36, the token could stabilize after working through supply near the recent resistance zone and attempt a rebound. If it falls below that level, the correction could deepen toward the next support area at $1.28. On the upside, $1.45 is seen as the first resistance level after shifting from support to resistance following the pullback. A decisive break above $1.51 would signal renewed strength in the uptrend, the outlet said.

DeFi Development (DFDV), a U.S.-listed company that is strategically accumulating SOL, has launched "State of Solana," a dashboard developed with the Solana network to track staking, validators, yields and ecosystem data in real time, The Block reported. The company plans to add more data and research tools in the future.

The U.S. SEC has submitted a proposed rule revision on digital asset custody to the White House Office of Management and Budget, clarifying custody standards for client digital assets held by investment advisers and investment companies, Bloomberg reported. The proposal is part of regulatory modernization being pushed by SEC Chairman Paul Atkins and is intended to give institutions clearer guidance on holding crypto assets safely without violating SEC rules while scrapping a broad set of outdated requirements that have lagged market changes. Once the White House OMB completes its review, the proposal will be made public after a vote by the three Republican SEC commissioners. It would then move through at least a 60-day public comment period and a final revote before taking effect. Bloomberg said the move suggests the Trump administration's crypto-friendly policy is being translated into concrete regulatory action even as legislation in Congress remains pending.

The three major U.S. stock indices opened lower today. - S&P 500: -0.02% - Nasdaq: -0.22% - Dow Jones: -0.10%

Sui announced official support for KuCoin Web3 Wallet. Users can now use KuCoin Wallet to access assets in the Sui ecosystem. Sui also highlighted that transactions reach finality in under one second.

According to CoinNess market monitoring, BTC has fallen below $78,000. BTC is trading at $77,998 on the Binance USDT market.

Coinbase Chief Policy Officer Faryar Shirzad pushed back on the American Bankers Association’s claim that a provision in the CLARITY Act allowing interest on stablecoins would trigger deposit outflows from community banks, according to a CoinDesk op-ed. Shirzad wrote the American Bankers Association argues community bank deposits could leave if stablecoin rewards are allowed, but there is no clear correlation between stablecoin interest and bank deposits. Shirzad added Coinbase has paid interest on USDC for more than four years, while community bank deposits rose by about $482 billion, or 26%, from June 2019 to March 2026. Shirzad also said the CLARITY Act would give banks their broadest legal authority since the 1999 Gramm-Leach-Bliley Act, including in custody, staking, lending, payments and market-making, with community banks set to benefit the most.

A senior Iranian source said the agreement with Oman related to the Strait of Hormuz has not yet been finalized, according to Reuters.

Hong Kong-based MicroBit announced the official listing of the MicroBit Bitcoin & Gold Value ETF on Hong Kong Exchanges and Clearing, describing it as Hong Kong’s first exchange-traded fund linked to both Bitcoin and gold.

Hyperliquid Policy Center (HPC) and tradeXYZ, a third-party market deployer built on Hyperliquid, submitted a comment letter to the U.S. Commodity Futures Trading Commission seeking approval for energy perpetual futures contracts in the U.S. market. The two sides proposed creating a compliant access route for crude oil and natural gas perpetual contracts in the United States with 24/7 trading support, while also urging the regulator to allow stablecoins and tokenized traditional assets as margin and to recognize on-chain infrastructure in trading, clearing and settlement.

The U.S. core personal consumption expenditures price index rose 0.2% in July from a month earlier, matching market expectations, according to the U.S. Bureau of Economic Analysis.

Ripple’s stablecoin RLUSD has surpassed a $2 billion market capitalization, CoinDesk reported. Of the total, $963 million was issued on the XRP Ledger and $1.1 billion on Ethereum.

BNB Chain said through its official social media channel it has joined Mastercard’s Crypto Partner Program. Mastercard launched the program on March 11, 2026, with more than 85 partners, and early participants included key crypto and fintech companies such as Binance, Circle, Ripple, PayPal and Paxos. The program focuses on enterprise use cases including cross-border remittances, B2B transfers, payments and settlement.

Pump.fun generated $2.4 million in fees on Aug. 25, the highest daily fee revenue since September 2025. Its weekly fee revenue has climbed to $13.68 million so far in August, the highest since February 2026. Over the past month, cumulative fee revenue was estimated at $42 million to $48 million, equivalent to about $460 million to $500 million on an annualized basis.

Mirae Asset Group Chairman Park Hyeon-joo, who also serves as the group’s global strategist, voiced a negative view on Bitcoin investment during a meeting with DigitalX employees in Seoul today. Park said almost no one had made money from Bitcoin and described the damage as ruinous for many investors. Park added Park did not understand why people were doing it while even taking out loans, and stressed the same approach should not be used for stocks or any other asset. On DigitalX, Park said if the company turns profitable, it plans an additional capital increase in the first quarter of next year worth 200 billion won to 300 billion won ($149.8 million to $224.7 million), aimed at strategic investors. Depending on conditions, Park said the company may also offer a third-party allotment opportunity to customers doing business with DigitalX. Park said clients have 1,500 trillion won ($1.12 trillion) in assets under custody at Mirae Asset and those assets will be digitized. If Mirae Asset moves aggressively on capital increases and makes diverse global investments, Park said DigitalX could achieve profitability in 2027. Park also criticized past listing practices at virtual-asset exchanges, saying hundreds of altcoins listed only on South Korean exchanges were added without hesitation and, from Park’s perspective, amounted to fraud. Park said it could not be considered success for a company to make money by listing low-quality coins that leave 80% to 90% of customers with losses, and added that charging fees for such activity despite recognizing the problem was criminal behavior. On decentralized finance, Park said cross-border DeFi would be difficult, arguing that countries with monetary policy and currency sovereignty, including South Korea, would be unlikely to allow cross-border DeFi that weakens those powers. Park added a huge market could open for STOs by fractionalizing stakes in companies such as Samsung Electronics and SK Hynix, and said DigitalX should evolve beyond conventional virtual-asset trading into an onchain finance platform spanning RWA and STO.

Market attention is focused on three macroeconomic events that could shape Bitcoin’s next move after BTC recently topped $80K and entered a mild pause, CoinDesk reported. The first is the release of July personal consumption expenditures inflation data, which the U.S. Federal Reserve watches most closely. Analysts expect core PCE to rise 3.2% from a year earlier, and a reading above forecasts could revive concerns about Fed rate hikes and weigh on the market. The second is Nvidia’s second-quarter earnings report due Wednesday. As the 90-day correlation between Bitcoin and Nvidia has held above 0.5 since 2025, showing strong co-movement, strong results could bolster risk appetite across financial markets. The final variable is Federal Reserve Chairman Kevin Warsh’s speech at the Jackson Hole symposium on Friday. With Bitcoin having recently been supported by the U.S. Treasury’s expanded long-term bond buybacks, the market is expected to closely watch what stance Warsh takes on the Treasury’s market intervention moves.

A whale deposited all 6,504 ETH held for more than two years into Binance, according to Lookonchain. The holdings were worth about $15.94 million, with total losses reaching about $10.58 million.

BlackRock Head of Digital Assets Robert Mitchnick said investors are continuing to expand the ways and channels through which they can invest in Bitcoin, and the firm’s spot ETF, IBIT, is likely to keep growing, according to Forbes. Mitchnick said some Bitcoin holders are moving part or all of their assets into ETFs amid real-world risks including ransomware, hacking and custody failures, adding that a recent attack targeting some Coldcard hardware wallets has heightened market concerns about the security of self-custody.

An a16z-linked address has started buying HYPE through a time-weighted average price strategy, with at least $8.49 million in trades executed so far, TradingBits said. The address is estimated to buy a total of 148,700 HYPE worth $12.15 million.

Strategy has effectively reduced its net leverage to near zero by building $6.69 billion in dollar liquidity, CoinDesk reported. The company calculates net leverage by comparing its roughly $67.5 billion in debt minus dollar-denominated assets with its $66 billion in BTC holdings. With dollar liquidity approaching its debt load, Strategy’s net debt burden relative to its BTC holdings has fallen sharply. The company has recently focused not only on buying more Bitcoin but also on securing dollar liquidity. Its dollar reserves rose to $5.1 billion, enough to cover about $1.7 billion in annual preferred stock dividends for roughly four years. It has also set aside $1.59 billion in cash that can be deployed as needed. Executive Chairman Michael Saylor said the cash could be used for additional BTC purchases, preferred dividend and interest payments, share buybacks, convertible bond repayments and expanding dollar reserves.