Solana-based meme coin e/acc has surpassed a $29 million market cap and hit $55.5 million in trading volume just 9 hours after its launch.

The U.S. Commodity Futures Trading Commission (CFTC) announced it has filed a lawsuit against Cash FX Group and three individuals, accusing them of running a $950 million-plus investment scam involving cryptocurrency. The defendants include Cash FX and its CEO Huascar Jose Lopez Castillo (Brazil), The Conversion Pros and its CEO Ronald Pope (Oregon), and Justin Halladay (Florida). The complaint was filed Friday with the U.S. District Court for the Middle District of Florida. The CFTC alleges the defendants operated a multi-level marketing Ponzi scheme, raising and accepting over $950 million in funds under the pretense of trading retail foreign exchange contracts in commodity pools. The CFTC states the defendants falsely claimed funds were managed by professional traders, proprietary algorithms, and artificial intelligence, promising returns of up to 15% weekly. In reality, Cash FX conducted minimal foreign exchange trading, misappropriated most participants' funds, used new investors' contributions to pay out fictional trading profits, and transferred millions of dollars to each defendant. The defendants also provided participants with false accounting statements, resulting in at least $406 million in investor losses.

CryptoQuant analyst Axel Adler Jr. noted that during Bitcoin’s rally on August 20, the adjusted MVRV 30DMA/365DMA ratio crossed above its own 365-day moving average, marking the start of the market’s "early bull market" phase. At that time, BTC was trading at $71,255. This phase lasted 31 days, with Bitcoin rising a total of 13%. On September 20, the ratio broke through the 1.0 baseline, as the short-term MVRV average exceeded the annual average, officially pushing the market into the "bull market" phase, with BTC priced at $80,691. Currently, the ratio stands at 1.018, and BTC is trading at $84,156. As long as the ratio remains above 1.0, the market structure will remain bullish.

According to TradingBeats monitoring, address 0x13da…08be liquidated approximately 282,700 SOL long positions this morning. The closing value of the trades stood at around $34.03 million, generating a profit of roughly $4.4082 million, and the address currently holds no SOL contracts. The long position was built in batches between August 30 and 31 at an average entry price of about $104.79. It held the position for nearly a month before closing all positions today at an average price of approximately $120.39, representing a roughly 14.9% rise in SOL from its average entry price. Prior to this, the address suffered two consecutive losing SOL trades at the end of August: first, a short position that lost around $638,500, followed by a long position that lost about $1.03 million. It later switched back to long positions, holding this batch until today to lock in profits.

According to GMGN data, the market cap of PAID on Solana has now exceeded $50 million, with a 24-hour increase of over 410% and trading volume of $54.2 million in the same period. Paid launched its token issuance feature on Pons on the 19th. The official stated that 80% of fees will be distributed to X users via X Money, while 20% will be converted into SOL for repurchasing PAID tokens. Creators can send fees via X Money by adding an X Handle to their project's description. Additionally, celebrities on X can receive fund distributions via X Money without even registering for Paid or providing consent. Some celebrities even joked that their X Money accounts were experiencing DDoS attacks due to the frequent notifications of incoming fee splits. In a PAID official announcement today, it was revealed that $1.44 million has been successfully distributed to X Money users via the token creator fee auto-splitting tool. BlockBeats reminds users that related tokens are highly volatile, so investment requires caution.

According to Farside data, U.S. spot Bitcoin ETFs recorded a net inflow of $134.5 million yesterday, marking their seventh consecutive trading day of net inflows exceeding $100 million, with total net inflows over the seven-day period hitting $2.9783 billion. U.S. spot Ethereum ETFs saw a net inflow of $87 million yesterday, extending their streak of daily net inflows to six consecutive trading days.

Beating AI Express reports that Vercel has launched the anonymous large language model Pixel Canary on its AI Gateway, offering it for free for a limited time while the model’s identity remains confidential. Cline has also integrated with Pixel Canary for free. Vercel states that the model is primarily targeted at programming, front-end, and mobile app development, supporting both building new applications and refactoring existing code. In Vercel’s Next.js Agent Evals, Pixel Canary posted a baseline success rate of 90%, tying with GPT 6 Astra (high) and outperforming Kimi K3’s 84% rate. The success rate rises to 97% when supplemented with Next.js official documentation AGENTS.md. The evaluation uses real-world Next.js development tasks, with each task allowed up to 4 attempts, and is marked as passed if at least one attempt succeeds.