PA Daily | SoftBank and Ark are in talks with Tether for a new round of financing, with a valuation potentially reaching $500 billion; MIR Token is now open for claiming.

Today's news highlights:

1. The U.S. Core PCE Year-on-Year Rate Meets Expectations

2. Fidelity, Grayscale, and other institutions submit S-1 amendments for SOL spot ETF.

3. Binance: Hold at least 190 Alpha points to claim 375 GOATED airdrop.

4. SoftBank and Ark are in talks with Tether for a new round of financing, with a valuation potentially reaching $500 billion.

5. Kraken is in new funding negotiations, with a valuation that may reach $20 billion.

6. A certain whale increased its holdings by 30 million USD in XPL, pushing the token price up by 30%, and still has over 40 million USD available for further purchases.

7. After repurchasing 3.814 million WLFI tokens, 6.923 million WLFI were destroyed.

8. Mira Foundation: MIRA tokens are now open for claiming, registration and verification must be completed.

macro

Insider: Vanguard is considering allowing its U.S. brokerage clients to invest in third-party cryptocurrency ETFs.

According to Crypto In America, Vanguard, the world’s second-largest asset management company, is preparing to allow clients to invest in cryptocurrency ETFs on its brokerage platform. Anonymous sources have revealed that due to strong client demand for digital assets and the evolving regulatory environment, Vanguard has started to prepare for this and has engaged in external discussions. Currently, Vanguard has no plans to launch its own products like BlackRock, but is considering allowing brokerage clients to invest in certain third-party cryptocurrency ETFs. However, it is still unclear when a decision will be made and what products will be offered.

The core PCE year-on-year rate in the United States met expectations.

According to Jinshi reports, the core PCE price index in the United States for August recorded a year-on-year rate of 2.9% (expected 2.90%, previous value 2.90%), remaining unchanged from the previous month and in line with market expectations.

The core PCE price index in the U.S. for August is 0.2% month-on-month, expected at 0.20%, and the previous value has been revised from 0.30% to 0.2%. The year-on-year core PCE price index in the U.S. for August is 2.9%.

Fidelity, Grayscale, and other institutions submitted S-1 amendments for a SOL spot ETF.

Nate Geraci, president of The ETF Store, tweeted that another series of S-1 amendments related to the SOL spot ETF were submitted today, including Franklin (Franklin), Fidelity (Fidelity), CoinShares, Bitwise, Grayscale (Grayscale), VanEck, and Canary. The documents include staking (which is a good sign for staking regarding spot Ethereum ETFs). These amendments are expected to be approved in the next two weeks.

Caixin: The digital renminbi blockchain service platform is based on the Chang'an Chain, and the digital asset platform is based on the Shanghai Clearing House.

According to Caixin, the Digital Renminbi International Operation Center has officially started operations. Caixin learned from industry veterans that the cross-border digital payment platform for digital renminbi among the three major business platforms is based on the central bank's digital currency bridge project, the digital renminbi blockchain service platform is based on the independently controllable blockchain software and hardware technology system "Chang'an Chain", and the digital asset platform is based on the Shanghai Clearing House.

Related reading: The four major "national-level" public chains compete on the same stage. The article mentions that the "Chang'an Chain" claims its transaction throughput capacity (TPS) can reach 100,000 levels, capable of meeting the high concurrency requirements of large-scale financial and government scenarios.

Project Updates

Binance will launch AKEUSDT and ORDERUSDT U-based perpetual contracts.

The Binance contract platform will launch perpetual contracts at the following time:

• September 26, 2025, 20:30 (GMT+8): AKE/USDT perpetual contract, maximum leverage up to 50x
• September 26, 2025, 20:45 (UTC+8): ORDER/USDT perpetual contract, with a maximum leverage of up to 50x

Please note that AKE (LINK) and ORDER (LINK) have been launched on the Binance Alpha market.

Binance Alpha will launch Falcon Finance(FF)

According to the official announcement, Binance Alpha will launch Falcon Finance on September 29, (FF). Eligible users can claim the airdrop using Binance Alpha points after the trading opens on the Alpha event page. More details will be announced soon.

Mira Foundation: MIRA tokens are now open for claims, registration and verification are required.

According to official news, the Mira Foundation has announced that the MIRA token is now open for claiming. Eligible community members must register and complete verification to receive the tokens. The eligibility for this airdrop is determined by a snapshot taken at 08:00 on September 22, 2025, Beijing time. The first airdrop participants include early ecosystem users, node delegators (Drop 1 and 2), Kaito Yappers, and Kaito ecosystem stakers: eligible KAITO token stakers from the first season will receive 0.20% of the token supply, recognized members of the Discord community, and OKX Quest participants. The registration deadline is 19:00 (UTC) on October 2, 2025, Beijing time; the claiming deadline is 20:00 on October 26, 2025, Beijing time.

Huma Finance: The second phase of the first quarter airdrop is now live.

Huma Finance announced on platform X that the second phase of its first quarter airdrop is now live, and users can claim and stake HUMA tokens. The claiming window will close at 1 PM UTC on October 26. Staking HUMA can earn a 10% annual yield.

Huma Finance announced on platform X that its second phase of airdrop for the first quarter is now live, and users can claim and stake HUMA tokens. The claim window will close at 1 PM UTC on October 26. Staking HUMA can earn a 10% annualized return.

Market news: SWIFT is developing a stablecoin and an "on-chain messaging" feature based on the Linea network.

According to AggrNews, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is developing stablecoins and an "on-chain messaging" feature based on the Linea network.

The Big Whale Co-creation: The SWIFT interbank token project is still under review, and stablecoins are currently in the "consideration stage".

Raphaël Bloch, co-founder and editor-in-chief of The Big Whale, published a post on the X platform explaining the recent news that "SWIFT is developing a stablecoin and on-chain messaging capabilities based on Linea." He stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has chosen Linea to test its on-chain messaging model, with approximately more than ten banks participating at this stage. However, the stablecoin is only at the "under consideration" stage, and the interbank token project is still under review.

After repurchasing 3.814 million WLFI tokens, 6.923 million WLFI have been destroyed.

Eric Trump, the second son of Trump, tweeted a hint to buy the dip: "Buy the dip!".

Eric Trump has repeatedly suggested buying the dip during market downturns. On February 4 of this year, he stated that now is the best time to increase holdings of ETH, after which ETH dropped 40% over the next two months; he also responded on August 17 regarding the purchase of $18.6 million in Bitcoin and Ethereum, calling it a buy on the dip.

Eric Trump, the second son of Donald Trump, hints at buying the dip again.

According to official news, UXLINK has released a contract migration plan, which will exchange 1 billion UXLINK tokens on the ETH mainnet at a ratio of 1:1. The new contract cancels the destruction mechanism; centralized exchange (CEX) and on-chain users can exchange manually or through the portal. The snapshot taken during the hacker's first transfer will determine whether users are eligible for the exchange. The first batch of exchanges on CEX is expected to be completed within 1-5 working days, with the specific time depending on CEX's response time. The additional compensation timeline from CEX depends on the recovery situation of the stablecoin. The on-chain exchange tool is expected to be developed and launched within 5 working days. A separate compensation plan will be provided for affected users. UXLINK is actively recovering assets sold by hackers through DEX, cross-chain bridges, and CEX. Based on the recovery progress, UXLINK will provide compensation plans for the community (including CEX users), including but not limited to repurchase plans, staking rewards/benefits, and trading incentives.

Binance: Hold at least 190 Alpha points to claim 375 GOATED airdrop.

According to the official announcement, Binance Alpha will launch GOAT Network (GOATED), with Alpha trading starting on September 27, 2025, at 17:00 (UTC+8). After trading begins, users holding at least 190 Binance Alpha points can claim airdrops of 375 GOATED tokens. First come, first served. If the event is not over, the score threshold will automatically decrease by 15 points every hour. Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claims on the Alpha event page within 24 hours, otherwise, it will be considered as giving up the airdrop.

important data

Two dormant wallets, inactive for over 8 years, have been activated, transferring 200,000 ETH to two new addresses.

According to monitoring by Lookonchain, two dormant wallets that had been inactive for over eight years were activated and transferred 200,000 ETH (worth $785 million) to two new addresses.

The early Ethereum participants initially acquired ETH primarily through Bitfinex, and currently their 8 wallets hold a total of 736,316 ETH (worth $2.89 billion).

Bloomberg: The amount of Bitcoin purchased by listed companies this month has fallen by 76% compared to the frenzy period in early summer.

According to a report by Bloomberg, data from CryptoQuant shows that the Bitcoin purchases by publicly listed companies' digital asset treasury dropped sharply from 64,000 in July to 12,600 in August, and only 15,500 have been purchased so far in September. The September data represents a 76% decline compared to the frenzied buying seen in early summer. In the past week, the prices of Bitcoin and Ethereum have both fallen nearly 6%, indicating a short-term concentrated liquidation in the market. Some digital asset treasury companies that completed financing through the "Private Investment in Public Equity" (PIPE) model have seen their stock prices discounted by as much as 97% from their issuance price.

According to public data statistics, digital asset treasury companies have raised over $44 billion this year. These institutions were previously positioned by the market as long-term value investors in the cryptocurrency ecosystem, with their core investment logic being to create a demand anchor for crypto assets through enterprise-level holdings. However, this demand support mechanism is now facing scrutiny. Earlier reports indicated that U.S. regulators are investigating unusual trading of digital asset treasury company stocks.

Aave founder Stani.eth suspected of selling 4 million ENA obtained from investments.

According to on-chain analyst Yu Jin's monitoring, Aave founder Stani.eth may have sold 4 million ENA for an investment of 12.38 million USD: Stani.eth transferred 4 million ENA to the institutional business platform Galaxy Digital 6 hours ago. He is an investor in Ethena, and these ENA were unlocked and claimed from Ethena's associated wallet.

Bitcoin spot ETFs saw a net outflow of $418 million yesterday, with none of the twelve ETFs experiencing a net inflow.

According to SoSoValue data, yesterday (Eastern Time September 26) the total net outflow of Bitcoin spot ETFs was $418 million.

The Bitcoin spot ETF with the highest net outflow yesterday was Fidelity ( ETF FBTC, with a net outflow of 300 million USD. Currently, the total historical net inflow for FBTC has reached 11.924 billion USD.

Secondly, Blackrock ) ETF IBIT had a net outflow of $37.2546 million in a single day, and the total historical net inflow of IBIT currently stands at $60.819 billion.

As of the time of publication, the total net asset value of Bitcoin spot ETFs is $143.563 billion, with an ETF net asset ratio (market value compared to the total market value of Bitcoin) reaching 6.59%, and the historical cumulative net inflow has reached $56.815 billion.

Ethereum spot ETF had a net outflow of $248 million yesterday, continuing a 5-day net outflow.

According to SoSoValue data, yesterday (Eastern Time September 26) the total net outflow of Ethereum spot ETFs was $248 million.

The Ethereum spot ETF with the highest net inflow yesterday was Grayscale Ethereum Trust ETF ETHE, with a single-day net inflow of $17.91 million. Currently, ETHE has a total historical net outflow of $4.57 billion. Following that is the 21Shares Ethereum ETF TETH, with a single-day net inflow of $8.05 million, and TETH currently has a total historical net inflow of $22.57 million.

The Ethereum spot ETF with the highest net outflow yesterday was Blackrock's ETF ETHA, with a net outflow of 200 million USD for the day. Currently, the total historical net inflow of ETHA has reached 13.16 billion USD.

As of the time of publication, the total net asset value of Ethereum spot ETFs is $26.01 billion, with the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) reaching 5.37%. The historical cumulative net inflow has reached $13.12 billion.

A certain whale increased its holdings by 30 million USD in XPL, boosting the token's price by 30%, and still has over 40 million USD available for further accumulation.

According to on-chain analyst Yu Jin's monitoring, the 30 million USDC transferred to Hyperliquid this morning has all been converted into XPL. A total of 22.37 million XPL were purchased at an average price of 1.34 USD. When the address started buying this morning, the price of XPL was 1.17 USD, and it is now 1.52 USD. It has increased by 30%. The address has a remaining 41.52 million USDC withdrawn from Kraken.

( Financing/Merger

Theta Capital plans to raise $200 million for its new blockchain parent fund.

According to a report by Bloomberg, Theta Capital Management is raising $200 million for its latest blockchain master fund, aiming to seize early-stage investment opportunities in the blockchain space while venture capital investments in the field remain sluggish. Introduction materials indicate that this new fund, named Theta Blockchain Ventures V, will allocate funds to 10 to 15 venture capital firms focusing on digital assets. The fund's target net internal rate of return (IRR) is 25%. A spokesperson for Theta confirmed the details of the funding plan.

It is reported that Theta Capital Management currently manages approximately $1.2 billion. Theta's portfolio includes well-known cryptocurrency venture capital firms such as Pantera Capital, CoinFund, Polychain Capital, and Dragonfly.

SoftBank and Ark are in talks with Tether for a new round of financing, with a valuation that may reach $500 billion.

According to Bloomberg, sources revealed that SoftBank and Ark Investment Management are in preliminary talks with Tether Holdings SA regarding its latest significant funding round. This will be Tether's largest external financing to date, potentially valuing Tether at up to $500 billion, making it one of the highest-valued private companies.

Kraken is in negotiations for a new round of financing, with a valuation that may reach $20 billion.

According to Bloomberg, Kraken is in deep negotiations for a new round of funding, which could value its cryptocurrency exchange at around $20 billion. A knowledgeable source revealed that this funding has not yet been finalized and will still depend on market conditions, including a commitment of $200 million to $300 million from strategic investors. This source indicated that Kraken had previously raised $500 million, achieving a valuation of $15 billion, and this funding signifies a significant increase in private market valuations for the cryptocurrency giant. Kraken has selected Morgan Stanley and Goldman Sachs as underwriters for its upcoming initial public offering (IPO###, which is expected to take place next year.

According to previous reports, Kraken has completed a $500 million funding round, with a valuation of $15 billion.