MetaMask: On-chain Rewards Program to Launch “In the Coming Weeks” MetaMask announced that it will launch its on-chain rewards program “in the coming weeks.” The program will offer “referral rewards, mUSD incentives, exclusive partner rewards, token usage rights, and more,” and will distribute “over $30 million in LINEA token rewards” in the first quarter.
In its announcement, MetaMask wrote: “Long-term MetaMask users won’t be neglected—they will receive special benefits, and MetaMask Rewards will be meaningfully tied to future MetaMask tokens.” MetaMask also stated that the program is “not a mining game” but rather “a genuine way to give back to the community on a regular basis.”
It is unclear whether users in certain jurisdictions will be restricted from participating in the program, or whether MetaMask will implement any anti-Sybil measures. Discord user data breached due to a cyberattack on its third-party customer service provider. Social media platform Discord announced that its third-party customer service provider was hacked, with some customer information stolen and used to hold Discord ransomware.
The cybersecurity incident affected some Discord users who had contacted customer support or the Trust and Safety team. The data breach included chat logs, real names, usernames, email addresses, IP addresses, transaction histories, payment information, the last four digits of credit cards, and a small number of photos used for proof of age. Discord immediately revoked the third party's access to the Discord ticketing system upon discovery. Preliminary analysis indicates the unauthorized party responsible for the attack did not have direct access to Discord.
Market
As of press time, according to Coingecko data:
BTC price is US$122,394, up or down +0.5% in 24 hours;
ETH price is US$4,487.58, up or down +0.3% in 24 hours;
BNB price is US$1,151.88, up or down +1.2% in 24 hours;
SOL price is US$227.17, up or down -1.1% in 24 hours;
-1.4% in 24 hours;
XRP price is $2.97, up or down -2.0% in 24 hours;
TRX price is $0.341, up or down -0.4% in 24 hours;
WLFI price is $0.2008, up or down - Token2049 removed the mention of A7A5 on its website because the entity behind it was sanctioned by the United States. According to Reuters, Token2049, a cryptocurrency conference that recently concluded in Singapore, removed the mention of the ruble-backed stablecoin project A7A5 on its website. The issuer of the project has been sanctioned by the United States and the United Kingdom. In August, the entity behind the ruble-backed A7A5 stablecoin was reportedly sanctioned by the U.S. Office of Foreign Assets Control (OFAC), which claimed the token was "created for Russian clients of A7 LLC (A7), a Russian company that provides a cross-border settlement platform used to circumvent sanctions." The United Kingdom soon followed suit, imposing sanctions on the project's backers, claiming the token was "specifically designed to circumvent Western sanctions." Cryptocurrency Executive: Tokenizing DAT Equity Increases Investor Risks Kanny Lee, CEO of decentralized exchange SecondSwap, stated that Digital Asset Treasury (DAT) companies that tokenize equity on the blockchain increase risks for investors and their own businesses. Tokenizing DAT equity is equivalent to creating a synthetic asset on top of a synthetic asset. Investors ultimately face dual risks: the volatility of treasury-backed cryptocurrencies and the complexity of corporate equity, governance, and securities laws. This adds significant risk to already volatile assets.
Severe on-chain price fluctuations occurring outside of traditional market hours could cause a run on the shares of finance companies that have issued tokenized and traditional stocks, leaving them with insufficient time to react to the price shock. UK to Lift Ban on Crypto ETNs for Retail Investors Next Week According to Cointelegraph, the UK Financial Conduct Authority (FCA) is about to lift its 2019 ban on cryptocurrency exchange-traded notes (ETNs) for retail investors.
According to an August 1st notice, UK regulators will lift the ban on retail investors purchasing cryptocurrency ETNs starting Wednesday, provided they are traded on an FCA-approved UK investment exchange. Unlike exchange-traded funds (ETFs), which remain prohibited for retail investors in the UK, ETNs represent debt securities linked to cryptocurrencies and are not backed by any underlying assets.
With the lifting of the ban imminent, companies operating in the UK have been weighing the impact of regulatory changes on retail investors. Nasdaq has filed an application with the SEC to list BlackRock's Bitcoin Premium Income ETF. Nasdaq has filed an application with the U.S. Securities and Exchange Commission (SEC) to list BlackRock's Bitcoin Premium Income ETF, which combines Bitcoin exposure with a premium income strategy.
The proposed ETF aims to attract income-focused investors while enhancing Bitcoin's status in traditional finance.
Application
▌GLEIF and Chainlink Collaborate to Open the Door to Global Adoption of Digital Assets
The Switzerland-based Global Legal Entity Identifier Foundation (GLEIF) has partnered with Chainlink to bring one of the world's largest and most trusted company ID databases (with over 3 million LEI records) to the blockchain.
▌Fujitsu Expands Strategic Collaboration with NVIDIA to Provide Full-Stack AI Infrastructure
According to Zhitong Finance, Fujitsu has expanded its strategic collaboration with NVIDIA to provide full-stack AI infrastructure. According to data from the blockchain analyzer btcparser.com, 70 transfers from BTC wallets created between 2011 and 2017 were recorded in September. A total of 2,803.62 BTC were released in these 70 transfers, which is a total of US$342.73 million at the current exchange rate of US$122,247 per BTC. Monthly trading volume for tokenized stocks reached $465 million over the past 30 days. Monthly trading volume for tokenized stocks reached $465 million over the past month, a 136% increase month-over-month.
This growth highlights the growing interest in trading traditional assets on blockchains. Arbitrum saw a net inflow of $27.4 million, while Ethereum saw a net outflow of $52.7 million. According to Artemis data, Arbitrum saw a net inflow of $27.4 million and Starknet saw a net inflow of $10.7 million yesterday. Ethereum saw a net outflow of $52.7 million and Solana saw a net outflow of $3.6 million.
▌"Big Brother Maji" added 200,000 XPL long positions, resulting in a floating loss of over $11 million per coin
According to HyperInsight monitoring, "Big Brother Maji" Huang Licheng's address has just added 200,000 XPL long positions (5x leverage), currently resulting in a floating loss of $11.18 million per coin.
Important Economic Dynamics
▌Next Week's Macro Outlook: Powell to Speak, US Government Shutdown Drama May Continue
If the US Republicans and Democrats can reach a bipartisan agreement on a temporary funding bill early next week, the September jobs report will likely be released on the Friday after next. The following are key market highlights for the new week (all times Beijing time):
Tuesday, 10:00 PM: 2027 FOMC voting member and Atlanta Fed President Raphael Bostic will speak on the economic outlook;
Tuesday, 10:30 PM: Fed Governor Milan will participate in a fireside chat;
Tuesday, 11:30 PM: 2026 FOMC voting member and Minneapolis Fed President Neel Kashkari will speak;
Thursday, 2:30 AM: The Federal Reserve will release its monetary policy meeting minutes;
Thursday, 3:15 AM: 2026 FOMC voting member and Minneapolis Fed President Neel Kashkari will speak;
Thursday, 8:30 PM: Fed Chairman Powell will deliver pre-recorded opening remarks at a community bank conference hosted by the Federal Reserve Board;
Thursday, 8:30 PM: Fed Governor Bowman will speak; Friday, 1:00 AM: Fed Governor Barr and 2026 FOMC voting member and Minneapolis Fed President Neel Kashkari will speak at an event. At 9:45 PM on Friday, Chicago Fed President and 2025 FOMC voting member Goolsbee delivered opening remarks and moderated a discussion at a community banker seminar. (Golden Ten) The probability of a 25 basis point Fed rate cut in October has fallen to 96.2%. According to CME's "FedWatch" data, the probability of the Fed keeping interest rates unchanged in October is 3.8%, and the probability of a 25 basis point rate cut is 96.2%. What is a multi-signature cold wallet? A cold wallet is a cryptocurrency storage method that is kept offline and disconnected from the internet. This setup makes it more difficult for hackers to access funds remotely. By keeping private keys offline, cold wallets reduce the risk of cyberattacks, such as phishing or malware. Multi-signature technology requires multiple private keys to approve transactions, while single-signature wallets only require a single key. Think of it like a joint bank account: any withdrawal requires approval from two or more signers. This additional layer of security means that even if a single key is compromised, an attacker cannot unilaterally transfer funds. Multi-signature cold wallets require multiple private keys from trusted parties to approve and authorize transactions, enhancing security by preventing a single point of failure. Despite their security advantages, multi-signature wallets are not immune to attacks. Hackers often exploit weaknesses in implementation, human behavior, or third-party services. To make multi-signature cold wallets more secure, use a higher signing threshold, implement multiple layers of authentication, and store keys in secure, geographically dispersed locations. Multi-signature cold wallets remain one of the best options for those looking to protect their cryptocurrency assets from theft and fraud. However, their complexity and potential vulnerabilities should not be overlooked, especially in the event of a supply chain attack.
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