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Here's a quick preview of today’s content: Pump.fun’s new model gives creators massive payouts, tokenized Pokémon cards see big interest, American Bitcoin Corp. files with the SEC, Trust Wallet launches tokenized stocks and ETFs, Polygon's Aishwary Gupta says stablecoin regulation in India remains unresolved, Cybercriminals pivot to AI-driven voice phishing scams on crypto executives, and so much more

It’s almost Friday, Let’s dive in.

Market Snapshot

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• Bitcoin ETFs saw $332.7M in net inflows on Tuesday while Ether ETFs reported $135M in net outflows

  • ETH ETFs outperformed BTC ETFs in August, as analysts point to a “rotational shift” toward Ethereum

• Bitcoin dominance fell from 61% to 57% in the past month, underscoring the shift toward altcoins and echoing past cycles where dominance dipped as low as 39%

Market Predictions

• Bettors on Kalshi are predicting what will Tim Cook say during the upcoming Apple Event?

• Trade your predictions on a range of events, only on Kalshi

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Headline Roundup
^{_{The major headlines driving crypto markets}}

• The U.S. Federal Reserve will hold a conference next month with focus on stablecoins and tokenization (TB)

• Ray Dalio warns that government debt is eroding the dollar’s appeal as a reserve currency, sees no systemic risk from stablecoins (TB)

• PayPal enables crypto payments for users (CT)

• Pump.fun’s new fee model hands out $2M to creators in first 24 hours (DC)

• Crypto exchange volume amounts to $1.86T in August (TB)

• American Bitcoin, backed by Donald Trump Jr. and Eric Trump, begins trading on the Nasdaq (BL)

• TRON selected by U.S. DOC for GDP data publication (CS)

• Polymarket can go live in the U.S. following CFTC approval (TB)

• DeFi surges 72% on institutional interest (CT)

• The US climbs to second in Chainalysis’ 2025 Global Adoption Index rankings (CT)

• The Ethereum Foundation plans to sell 10,000 ETH on centralized exchanges this month (TB)

• Ethereum reserves on exchanges falls to the lowest level in three years (CT)

• The TROLL meme coin team secures a license to the Trollface IP (DC)

• Ethereum’s staking entry queue reaches its highest level since 2023 (CT)

• Galaxy Digital tokenizes its publicly-traded stock (CT)

• Bitcoin whale holdings dwindle to lowest levels since 2018 (CS)

• Crypto.com CEO Kris Marszalek predicts a Fed rate cut this month (CT)

• Galaxy Digital to tokenize its Class A common stock on Solana (CD)

• Tokenized Pokémon cards see renewed interest (DC)

• US Bancorp resumes Bitcoin custody services for institutional clients (BW)

• Crypto exchange KuCoin aims to control 10% of Dogecoin mining capacity (CT)

• AlphaTON Capital to buy $100M worth of TON (CD)

• SUI Group Holdings surpasses $300M in SUI tokens (TB)

• Crypto exchange Bitget transfers all tokens it controls to Morph, an Ethereum Layer 2 network (TD)

• KuCoin enters into an MoU with the Vietnam Blockchain and Digital Assets Association (CD)

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Venture Capital

• American Bitcoin Corp. files with the SEC to raise $2.1B through share sales (CS)

• Fosun Wealth Holdings tokenizes shares of Sisram Medical’s Hong Kong valued at $328M (TB)

• Bitcoin company Treasury raises $147M through a private round led by Winklevoss Capital and Nakamoto Holdings (CT)

• CIMG Inc. raises $55M in a share sale to expand its crypto treasury (CT)

• Etherealize raises $40M in a round led by Electric Capital and Paradigm (CD)

• Utila raises $22M in a funding round led by Red Dot Capital Partners (CD)

• Aria raises $15M in combined seed and strategic funding rounds (TB)

M&A Announcements

• Solowin Holdings completes a $350M acquisition of AlloyX (CD)

• BriefedSwap announces an integration with crypto exchange StealthEX (CD)

Launches

• Trust Wallet launches tokenized stocks and ETFs (CT)

• Linea launches an airdrop checker (TB)

• Lido debuts Earn, a new tab on stake.lido.fi (BW)

• Bybit launches its debit card across the European Economic Area (CD)

• Anchorage Digital launches custody and staking support for Starknet’s native token (CT)

• Ondo Finance launches more than 100 tokenized U.S. stocks and ETFs on-chain (TB)

• ArbitrumDAO unveils season one of its $40M DeFi Renaissance Incentive Program (CD)

• Galaxy and Superstate launch tokenized shares of GLXY via Solana (TB)

Regulation

• ECB President Christine Lagarde urges EU lawmakers to impose requirements and safeguards on foreign stablecoins (CD)

• Polygon's Aishwary Gupta says stablecoin regulation in India remains unresolved (DC)

• Ukraine’s parliament passes the first reading of a bill to legalize and tax crypto (CT)

• The Dutch National Bank fines crypto exchange OKX $2.6M (CT)

Cybersecurity

• Paradigm’s Reth execution client for Ethereum runs into a bug that causes nodes to stall (TB)

• Cybercriminals pivot to AI-driven voice phishing scams on crypto executives (DC)

Extra Reads

• Bitcoin may anchor the macro hedge, but the future is a broader, more functional market where utility drives value - Crypto’s Real Economy Moment

• As crypto continues to play a role in entertainment platforms, education is the deciding force of whether users adopt the systems - Crypto Literacy and the Future of Digital Entertainment Access

Chart of the Day

Ethereum validator entry queue hits a two-year high with over 860,000 $ETH, roughly $3.7B, waiting to be staked

Meme Dump

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*DISCLAIMER: Investment advice provided by Autopilot advisers LLC, an SEC registered investment advisor. Past performance does not guarantee future results. Investing carries risks including the risk of the loss of principal. Performance doesn’t include fees. See more here.