PA Daily | Binance launches USDe rewards program with an annual yield of 12%; gold continues to hit new highs, breaking through 3720 USD.

Today's news highlights:

Binance launches USDe reward program with an annualized yield of up to 12%

Spot gold breaks through 3720 USD/ounce, refreshing its historical high.

Binance will delist NEIROETH/USDT U-based perpetual contracts on September 26.

Upbit will launch 0G on the KRW, BTC, and USDT markets.

Slow Fog CISO: There is a risk of bypassing WebAuthn key login.

Arthur Hayes: Due to facing huge unlocking pressure, he has sold HYPE today.

Upbit will launch the SUN/KRW and SUN/USDT trading pairs.

Machi Big Brother's long position floating loss exceeds 14 million USD.

Macro

Slow Fog CISO: There is a bypass risk with WebAuthn key login

According to a post by the Chief Information Security Officer of Slow Fog Technology, 23pds, on the X platform, researchers have discovered a new type of attack that can bypass WebAuthn key login. Attackers can hijack the WebAuthn API through malicious browser extensions or by exploiting XSS vulnerabilities on websites, forcing a downgrade to password login or tampering with the key registration process to steal user credentials. This attack does not require access to the device or Face ID, and victims may encounter identity impersonation when using key login on websites with malicious extensions or vulnerabilities, leading to account breaches.

Spot gold has broken through $3720/ounce, setting a new historical high.

According to Jinshi data, the spot gold price has surpassed 3720 USD/ounce, setting a new historical high. Since the beginning of this month, gold has accumulated a rise of nearly 8%.

The market value of Huajian Medical for RWA digital assets surged by HKD 14 billion in two months.

According to 21CBR, Huajian Medical announced the completion of the Nanjing ETHK Building, positioning it as the world's first research and development base focused on the digitalization technology of real-world assets (RWA). Since July, Huajian Medical has controlled Guofu Quantum and established an innovative drug intellectual property tokenization fund, with its market value increasing from HKD 3 billion to HKD 17 billion. The company has been renamed "Huajian Digital Industry Group" and is collaborating with Renhe Pharmaceutical to jointly establish an OTC drug RWA exchange in the U.S., promoting the digitalization and on-chain circulation of medical assets.

EU finance ministers and the European Central Bank reach a compromise on the roadmap for the issuance of the digital euro.

According to a report by Reuters, EU finance ministers and the European Central Bank have reached a compromise on the roadmap for the issuance of the digital euro, which will grant finance ministers decision-making power over issuance and holding limits. This initiative aims to reduce dependence on the US payment system and enhance European sovereignty. The digital euro legislation is still pending approval from the European Parliament and the European Council, with an expected official launch around 2028 at the earliest.

opinion

Arthur Hayes: Due to facing significant unlocking pressure, he has sold HYPE today.

Arthur Hayes posted that he has sold HYPE today, but he is still optimistic about the long-term performance of the project, expecting a growth potential of 126 times by 2028. The article he cited shows that the Hyperliquid ecosystem token HYPE will begin a 24-month linear unlock on November 29, with a total unlock amount of 237.8 million tokens. Calculating at $50 per token, the total amount unlocked by the team will be approximately $11.9 billion, with nearly $500 million released monthly. The current buyback scale can only absorb about 17%, and it is expected that there will be a selling pressure of $410 million each month. The cumulative fundraising of HYPE and cash by DATs such as Sonnet is insufficient to hedge against the unlocking pressure, raising questions about whether the market can absorb it.

Project Updates

OKX will delist FORTH, LUNC, and 6 other spot trading pairs on September 29.

OKX announced that it will officially delist the spot trading pairs related to FORTH, RUNECOIN, POLYDOGE, SC, USTC, and LUNC from 16:00 to 18:00 (Beijing time) on September 29, 2025, including the USDT and USDⓈ trading markets. Users need to cancel their orders before 16:00 on September 29, and the trading strategy bots will gradually shut down from 15:40 to 16:00 on the same day. In addition, the deposit function has been suspended since 16:00 on September 22, and the withdrawal function will stop at 16:00 on December 22.

Binance will delist NEIROETH/USDT U-based perpetual contracts on September 26.

Binance Futures announced that it will automatically liquidate the NEIROETHUSDT U-margined perpetual contract on September 26, 2025, at 17:00 (Beijing Time), and subsequently delist the trading pair.

Binance: The airdrop threshold for 0G Alpha is 227 or 200 points.

Binance announces that the Alpha trading for 0G (0G) will start on September 22, 2025, at 16:00 (UTC+8). Eligible Binance users can use Binance Alpha points to claim 20 0G tokens airdrop on the Alpha event page within 24 hours after the trading begins. The Binance Alpha airdrop will be distributed in two phases: Phase One (first 18 hours): Users holding at least 227 Alpha points can claim. Phase Two (last 6 hours): Users holding at least 200 Alpha points can participate in the second-phase airdrop, first come, first served. If the event has not ended, the score threshold will automatically decrease by 15 points every hour. Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise, it will be considered as giving up the airdrop.

Upbit will launch 0G in the KRW, BTC, and USDT markets.

The South Korean cryptocurrency exchange Upbit has announced the launch of Zero Gravity(0G), supporting trading in KRW, BTC, and USDT markets.

Binance launches USDe reward program with an annualized yield of up to 12%.

Binance announces the official launch of USDe reward distribution and introduces a limited-time reward program. Eligible users holding at least 0.01 USDe for a minimum of 24 hours between September 22, 2025, 08:00 and October 22, 2025, 07:59 can enjoy a reward with an annualized yield of 12%. Rewards accumulate daily and are calculated based on a snapshot mechanism, with distribution occurring every Monday at 18:00 (Beijing time). Additionally, users can acquire USDe through spot trading, Binance Earn, or deposits, and enjoy zero trading fees for USDe/USDT from September 23 to December 23.

Bithumb adds multiple trading pairs for USDT and BTC markets.

According to a notice from Bithumb, 10 new cryptocurrencies will be added to the USDT market on September 22, including BTC, XRP, USDC, PEPE, TRX, ETH, SOL, SUI, DOGE, and WLD. The BTC market will add 4 new trading pairs, including WLD, SUI, USDC, and TRX, with trading support starting at 18:00 on the same day. The benchmark prices for each asset have been announced, and users can pay attention to the specific trading times and details.

Upbit will launch the SUN trading pairs of Korean Won and USDT.

Upbit will add a new SUN (based on the Tron network) trading pair in the Korean won and USDT markets at 12:00 PM (local time) on September 22.

Important Data

CoinShares: Last week, digital asset investment products recorded a net inflow of $1.9 billion, marking the second consecutive week of inflows.

According to the latest report from CoinShares, as of last week, digital asset investment products recorded a net inflow of $1.9 billion, marking the second consecutive week of inflows. This growth was influenced by the Federal Reserve's "hawkish rate cut" last week, prompting investors to accelerate their buying on Thursday and Friday after initial caution, driving the inflow amount to $746 million. Bitcoin and Ethereum attracted $977 million and $772 million respectively, while Solana and XRP recorded significant inflows of $127.3 million and $69.4 million respectively. Total assets under management (AuM) reached a peak of $4.04 billion this year, expected to approach or exceed last year's total inflow of $4.86 billion.

Bitcoin spot ETFs saw a net inflow of $887 million last week.

According to SoSoValue data, from September 15 to 19 Eastern Time, Bitcoin spot ETFs saw a net inflow of $887 million in a single week, maintaining a net inflow for 4 consecutive weeks. Among them, BlackRock's IBIT had a net inflow of $867 million, with a historical total net inflow of $60.64 billion; Grayscale's BTC had a net inflow of $39.59 million, with a historical total net inflow of $1.85 billion. On the outflow side, Grayscale's GBTC saw an outflow of $86.14 million, with a historical total outflow of $24.08 billion. As of now, the total net asset value of Bitcoin spot ETFs is $152.31 billion, accounting for 6.63% of the total Bitcoin market value, with a cumulative net inflow of $57.72 billion.

Ethereum spot ETF saw a net inflow of $555 million last week.

According to SoSoValue, from September 15 to 19 Eastern Time, the weekly net inflow for Ethereum spot ETFs was $557 million. Among them, BlackRock's ETHA had a net inflow of $513 million, bringing the historical total net inflow to $13.4 billion; Grayscale's ETH had a net inflow of $17.99 million, with a historical total net inflow of $1.44 billion. In terms of net outflows, VanEck's ETHV saw an outflow of $8.16 million, with a historical total net inflow of $189 million. As of now, the total net asset value of Ethereum spot ETFs is $29.64 billion, accounting for 5.51% of Ethereum's total market value, with a cumulative net inflow of $13.92 billion.

Machi Big Brother's long position floating loss exceeds 14 million dollars.

According to Lookonchain, Machi Big Brother (singer Huang Licheng) closed his ASTER short position with a profit of about $80,000, but his current long positions in ETH, PUMP, and HYPE are all at a loss, with a total floating loss exceeding $14 million.

A certain whale deposited 3.57 million USDC into HyperLiquid to long BTC and ETH.

According to Onchain Lens, a whale deposited $3.57 million USDC into the HyperLiquid platform and opened long positions in BTC and ETH with 20x leverage.

Institutional Holdings

Capital B announced the acquisition of 551 Bitcoins for 54.7 million euros, bringing its total holdings to 2,800 Bitcoins.

French listed company Capital B announced the completion of two rounds of financing totaling 58.1 million euros, subscribed by Adam Back and institutional investors. The funds will be used to acquire 551 bitcoins. The company currently holds 2,800 bitcoins, with a total value of 261 million euros and an average purchase price of 93,205 euros per bitcoin. The year-to-date bitcoin holding yield (BTC Yield) has reached 1,651.2%, with 27.8% this quarter. This capital increase does not involve the issuance of new diluted shares, and all bitcoins are custodied by Swiss Taurus.

Metaplanet has increased its holdings by 5,419 Bitcoins.

The Japanese listed company Metaplanet purchased 5,419 BTC for approximately $632.5 million, with a unit price of about $116,724. As of 2025, the BTC yield has reached 395.1%. As of September 22, the company holds a total of 25,555 BTC, with a cumulative purchase amount of approximately $2.71 billion and an average cost of about $106,065.

Fragmetric will launch South Korea's first Solana digital asset treasury in collaboration with DeFi Development.

According to official news from Fragmetric, Fragmetric Labs will launch the first Solana-based digital asset vault in South Korea through the acquisition of a publicly listed company in Korea, in collaboration with DeFi Development Corp. (NASDAQ: DFDV). Previously, it was reported that DeFi Development increased its holdings of SOL by about $14.6 million, with a total holding scale approaching $500 million.