Hyperliquid to Launch $USDH Stablecoin

️ On today's Top Picks:

Crypto News

• ⭐️ Hyperliquid $HYPE to launch $USDH stablecoin soon; firms invited to submit proposals; Paxos, Sky, Frax, Agora & others have submitted competing proposals so far.

• ⭐️ Upbit to launch GIWA (Global Infrastructure for Web3 Access), an Ethereum $ETH Layer 2; testnet currently live.

• Galaxy Digital deposits another 175,000 Solana $SOL (~$37.6M) to Coinbase; has deposited a total of 935,000 SOL (~$200M) since August 27th.

• Digital Asset Investment Products saw $352M in outflows last week; Bitcoin $BTC ~$524M inflows, Ethereum $ETH ~$91M outflows, Solana $SOL ~$16M inflows, Ripple $XRP ~$14.7M inflows.

• Bybit restores access for users in India; temporarily restricted its services in India on January 12th due to regulatory developments.

Alpha

• ⭐️ OpenSea to announce $SEA details in early October; to launch final phase of Pre-TGE rewards program on September 15th.

• MegaETH announces MegaUSD $USDm, the native stablecoin of MegaETH; built in collaboration with Ethena $ENA.

• Anoma announces $XAN tokenomics; 25% of XAN supply allocated to "Community, Marketing, and Liquidity"; to potentially launch TGE & airdrop soon.

• USDai to increase deposit caps from $160M to $210M on September 11th at 12pm EST; USDai Allo (points) program is ongoing.

• Rabby launches Rabby Perps on Rabby Mobile & Rabby Extension; powered by Hyperliquid $HYPE.

• Etherscan launches Etherscan Points redemptions; to launch "more features, more redemptions, & more surprises" soon.

• Aligned to launch ZK Arcade soon; to also launch ZK Arcade Ticket NFT for limited time early access; to distribute NFT whitelist soon.

• ICYMI Airdrops, Checkers, & Points by Olimpio.

• ICYMI Monad launches Monad Cards Wave 2; 4,000+ nominees are eligible to claim; claim closes in ~2 days.

Airdrops

• Linea to launch $LINEA airdrop claim on September 10th; eligibility & allocation checker already live; LXP & LXP-L holders are eligible.

• ⭐️ Avantis launches $AVNT airdrop eligibility & allocation checker; XP holders, several ecosystem partners, & more are eligible; claim on September 9th.

• Aster to launch $ASTER TGE & airdrop on September 17th; Rh & Au points holders, Gems holders, & loyalty points holders to be eligible.

• Switchboard to launch $SWTCH TGE & airdrop on September 9th; eligibility details not yet disclosed.

• Boundless launches $ZKC airdrop eligibility & allocation checker; provers, open source contributors, & more are eligible.

• Openledger launches $OPEN airdrop claim; testnet & community contributors are eligible.

• Bless launches $BLESS airdrop eligibility & allocation checker; Bless users are potentially eligible.

• LiveArt launches $ART airdrop eligibility & allocation checker; points holders, LiveArt NFT holders, & more are eligible.

• CyberKongz to launch $KONG TGE & airdrop on September 10th; CyberKongz NFT holders, active OpenSea users, & more to be eligible.

Finance News

• Nasdaq files with US SEC to allow trading of tokenized & traditional shares together; if approved, could go live as early as Q3 2026.

• Gold $XAU reaches new all-time high of ~$3.65K; up ~39% year to date.

• Strategy $MSTR buys an additional 1,955 Bitcoin $BTC for ~$217.4M at ~$111,196 per BTC; now holds 638,460 BTC worth ~$71.7B.

• Metaplanet $3350.T buys an additional 136 Bitcoin $BTC for ~$15.2M at ~$111,666 per BTC; now holds 20,136 BTC worth ~$2.3B.

• Bitmine $BMNR buys an additional 202,469 Ethereum $ETH (~$873M); now holds 2,069,443 ETH worth ~$8.9B.

• Forward Industries $FORD announces $1.65B private placement to launch Solana $SOL treasury strategy; led by Galaxy Digital, Jump Crypto, and Multicoin Capital.

• Ark Invest buys $ARKK $ARKW $ARKF buys $4.46M of Bitmine $BMNR; sells $5.13M of Robinhood $HOOD.

Security and Exploits

• ⭐️ NPM suffers supply chain attack due to account compromise; NPM has since disabled the compromised versions; attacker has stolen ~$500 in crypto so far.

• ScamSniffer posts August 2025 Phishing Report; highlights $12.17M in losses from 15,230 victims.

• Swissborg loses 192.6K Solana $SOL (~$40.9M) due partner API compromise; to use treasury to make affected users whole.

• Venus $XVS returns $11.4M in stolen crypto to phishing victim; the victim was drained last week after he signed a malicious transaction on a fake Zoom client.

• ZachXBT reports Aqua, a trading bot on Solana, rug pulled 21.77K $SOL (~$4.6M) raised from its presale; the presale funds were split and sent to multiple exchanges.

• Nemo exploited for $2.4M; team has since suspended all smart contract activity and is currently investigating.

Token Unlocks

• Sonic $S / ~$47M / SEP 09th
• Movement $MOVE / ~$6M / SEP 09th
• BounceBit $BB / ~$6M / SEP 10th
• Aptos $APT / ~$51M / SEP 11th
• Peaq $PEAQ / ~$6M / SEP 12th
Sourced from Tokenomist

Funding

• Inversion raises $26.5M in Seed funding led by Dragonfly

• Based raises an undisclosed amount in Strategic funding from Ethena.

The Degen Farmer