Sudoswap Proposal to Distribute Fees Leads to 225% Surge in SUDO Token Value

Figure Technologies' stock price closed above its IPO price, reaching $31.11 and a $6.58 billion valuation. CEO Michael Tannenbaum highlighted the company's blockchain platform's efficiency in loan processes, saving consumers significant costs. With $11.7 billion in outstanding loans, Figure is a major player in the blockchain-based lending market.

Following the assassination of right-wing influencer Charlie Kirk, meme coin creators and traders profited over $2 million, sparking controversy within the crypto community. Some traders find profiting from such tragedies "sickening," while others defend the practice as part of meme coin trading culture.

Bitcoin is down 8%, but treasury stocks like Strategy and Metaplanet have suffered even greater losses, with shares sinking to multi-month lows. Concerns arise as one in three Bitcoin treasuries now trade below their holdings' value, potentially leading to a wider spiral.

Mogu's shares surged after announcing the purchase of Bitcoin, Ethereum, and Solana with $20 million in spare cash to diversify its treasury holdings and operational capabilities. This move follows a trend of publicly traded companies investing in cryptocurrencies to boost stock prices.

Starknet's Grinta upgrade, the layer-2 network's most significant release, promises faster transactions and a new fee market. However, an outage post-upgrade led to a chain reorganization, highlighting the risks of deploying cutting-edge infrastructure.

Figure Technologies was scheduled to debut on the Nasdaq under the ticker symbol “FIGR” after raising $787.5 million through an initial public offering. The New York-based firm, known for its blockchain-based lending platform, sold 31.5 million shares at $25 each, valuing the company at $5.29 billion.

In Brazil, a man was arrested for illegally mining cryptocurrencies by siphoning off-grid electricity in Rio de Janeiro. The property was rented exclusively for mining, with high-performance machines running 24/7.

SharpLink Gaming's co-CEO believes the crypto treasury trend will positively impact the industry by bringing institutional ETH adoption to new levels. The company's approach mirrors Michael Saylor's Bitcoin treasury model, focusing on accumulating assets rather than selling.

Bitcoin remained stable as new consumer price index data revealed a 0.4% inflation increase in August, surpassing July's 0.2% rise. The Bureau of Labor Statistics reported a 2.9% inflation rate over the past year, exceeding the Federal Reserve's 2% target.

Following the Nepali government's social media ban, protests erupted in Kathmandu, leading to the overthrow of the administration. Amidst the chaos, the decentralized messaging app Bitchat experienced a surge in downloads due to its offline capabilities and peer-to-peer nature.