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

Backpack, founded by former FTX employees, plans to launch its crypto exchange in the U.S. this year, focusing on spot trading initially. The company, already offering self-custodial wallets in the U.S., aims to secure money transmitter licenses for American operations.

Jonathan Gould, the new head of the U.S. Office of the Comptroller of the Currency, addressed the issue of "debanking" in the crypto industry, stating that it is a real phenomenon. He aims to make the U.S. a crypto hub by reversing anti-crypto regulations and working on stablecoin rules.

A civil forfeiture complaint has been filed in Albany to recover over $12 million in Tether's USDT stablecoin linked to an investment fraud scheme. Victims were lured into off-platform deposits through a spoofed trading platform, resulting in losses exceeding $10 million.

Keef, a pseudonymous developer, is working on a platform to use digital Pokémon card representations as collateral for loans, aiming to attract collectors skeptical of NFTs. Marketplaces like Courtyard and others have seen significant growth in tokenized Pokémon card sales.

Bitcoin and Ethereum saw slight gains following the Bureau of Labor Statistics' report on the producer price index, with BTC trading over $114,000 and ETH at $4,382.10. Market sentiment on Myriad predicts Bitcoin staying above $105,000 in September, while investors anticipate a Fed rate cut next week.

Bitcoin's recent stagnation may be linked to the Nasdaq's performance, as macroeconomic factors affect both equities and crypto. Ecoinometrics highlighted that Bitcoin tends to lag during the Nasdaq's mean reversion phases, indicating a higher risk of deeper drawdowns.

Polygon's proof-of-stake chain is experiencing delays in transaction finality, with a 10-15 minute lag due to issues on some Bor/Erigon nodes and RPC providers. The foundation has identified a fix and is rolling it out to validators and service providers to address the problem.

Tyler Warner's daily newsletter, Morning Minute, discusses the potential risks of crypto politicization in the U.S. A group of Senate Democrats is pushing for a bipartisan approach to crypto market regulation, emphasizing the importance of balanced rules and long-term stability.

Pump.fun's PUMP token has surged 13% in 24 hours and 39.8% in a week, nearing its debut value of $0.0055. The platform has made updates, partnered with MEXC, and bought back $99.2 million worth of its token.

Lukashenko urged Belarus' financial sector to speed up cryptocurrency and cash payment adoption, emphasizing their importance for economic resilience amid sanctions. He called for regulatory oversight and criticized banks for customer mistreatment, instructing disciplinary action for abuses starting in 2026.