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LINK may be the biggest beneficiary of the institutionalization of cryptocurrency and the explosive growth of stablecoins, tokenization, and RWA (Real World Assets).

Over $126M was liquidated in one hour, with long positions taking a $125M hit during sudden market volatility.Market Shock Sparks $126M in Crypto LiquidationsLong Traders Take a Heavy HitVolatility Remains a Risk in Crypto Trading

XRP jumps above $3, putting nearly 94% of its circulating supply in profit—a bullish signal for investors.XRP Price Breaks Above $394% of Circulating Supply in ProfitWhat This Means for XRP’s Future

Larry Fink, CEO of BlackRock, is now interim co-chair of the World Economic Forum, signaling stronger ties between finance and global policy.Larry Fink Takes Leadership Role at World Economic ForumWhat This Means for Global Finance and CryptoA Strategic Move at a Pivotal Time

- 23:28Overview of Major Overnight Developments on September 2021:00 (UTC+8) - 7:00 Keywords: Grayscale, FTX, Federal Reserve 1. Grayscale submits revised Dogecoin ETF application. 2. BitGo officially submits S-1 filing to the US SEC, initiating IPO process; 3. FTX to launch third round of creditor repayments, totaling $1.6 billions; 4. White House confidant Bannon suggests Bessent simultaneously head the Treasury Department and the Federal Reserve; 5. Federal Reserve's Daly: Labor market slowdown is partly related to the US economic outlook; 6. US Senate Democrats block Republican temporary funding bill, increasing risk of government shutdown; 7. New Federal Reserve Governor Milan clarifies communication with Trump, emphasizing that the rate cut stance is made independently.
- 22:53Bloomberg Analyst: GDLC and Other New Crypto ETFs Show Strong First-Day Trading Performance, All Exceeding Market Average Trading VolumeAccording to Jinse Finance, data released by Bloomberg analyst Eric Balchunas shows that several newly approved cryptocurrency ETFs posted strong trading volumes on their first day of listing. Among them: the first basket spot crypto ETF $GDLC recorded a trading volume of $22 million; Dogecoin ETF $DOJE had a trading volume of $12 million; and Ripple ETF $XRPR reached $15 million. Analysts noted that although the first-day trading volumes of these three products were far below the record-breaking performance of previous bitcoin ETFs, they still significantly exceeded the average first-day trading volume of US ETF products, indicating a solid overall start. This performance reflects the ongoing market demand for diversified crypto asset ETF products, and issuers are expected to further expand their product matrices as a result.
- 22:08BitGo officially submits S-1 filing to the US SEC, initiates IPO processJinse Finance reported that cryptocurrency custody company BitGo has officially submitted an S-1 filing to the US SEC, initiating the IPO process. Founded in 2013, BitGo is one of the largest cryptocurrency custody companies in the United States, providing storage and protection of digital assets for its clients. BitGo intends to list on the New York Stock Exchange under the ticker symbol "BTGO." Goldman Sachs and Citigroup are the lead underwriters for this offering. According to the disclosed documents, for the years ended December 31, 2024, December 31, 2023, and December 31, 2022, BitGo's total revenues were $3.1 billions, $926.3 millions, and $2.5 billions, respectively, with net profits of $156.6 millions, $2.1 millions, and $4.6 billions, respectively. For the six months ended June 30, 2025, the company’s total revenue was $4.2 billions, with a net profit of $12.6 millions.