Circle Issues 250 Million USDC on the Solana Network

On September 25th, as monitored by Onchain Lens, a whale address transferred 6 million USDC into Hyperliquid for the purpose of buying HYPE. Currently, this address holds 285,466 HYPE, which is approximately worth $12.99 million. It has an unrealized gain of $7.16 million. Additionally, it still retains 2.06 million USDC for further purchases.

On September 25th, it was reported that Griffin AI (GAIN), a new coin launched on Binance Alpha the previous day, began a one-way downward trend at 7:27 AM Beijing time today. Within less than 1 hour, the price dropped by more than 95% and hit a low of $0.005. The current price is $0.00758, and the market value on BSC is only $2.58 million. According to BscScan data, the originally planned total supply of 1 billion GAIN tokens with a circulating supply of 235 million has now been inflated to 5.29 billion. The largest holder owns 4.854 billion GAIN, accounting for 91.61% of the total supply, and has been continuously transferring tokens to the PancakeSwap V3 pool address (currently paused at the time of writing). At present, no official statement has been issued regarding this situation.

On September 25th, as monitored by Onchain Lens, a whale address once more withdrew 26 million ASTER from Gate. This amount is worth $59 million. Currently, the address holds 50 million ASTER, which is valued at $115 million, and has made a profit of $9.92 million.

September 25th. According to Bloomberg, Mike Crapo, who is the Chairman of the U.S. Senate Finance Committee, declared that a hearing named "Review of Digital Asset Tax Policy" will take place on October 1, 2025, at 10:00 AM in the Eastern Time zone in Washington D.C. Representatives from the Coin Center, the ASKramer Law Firm, Coinbase, and the American Institute of Certified Public Accountants will give testimony on the inclusion of cryptocurrency and blockchain assets within the federal tax code. This discourse intends to build upon the previous hearings in the House of Representatives and the recommendations from the AICPA in order to modernize policies regarding the compliance issues of the $2.5 trillion global crypto market.

On September 25th, as monitored by Onchain Lens, 3 newly established wallet addresses have received 58,384 ETH from Kraken and BitGo within the past 3 hours. The total value of these ETH is $242 million.

On September 25th, as monitored by Moonshot Listings, Moonshot has listed Real and QTO. The market capitalizations at the time of listing are $136 million for Real and $49.71 million for QTO respectively.