A crypto whale held a long SOL position for nearly a month, closing out today to net a $4.41 million profit.

HIP-3 market deployer Entropy spent 500 HYPE (about $45,000) to acquire the Pearl (PRL) code, and is likely to launch its perpetual contracts soon. Pearl (PRL) is an independent public chain launched in April 2026, positioning itself as the "AI version of Bitcoin". Miners use GPUs to perform large model matrix operations, generating verifiable AI computations while producing blocks, with a total supply of approximately 2.1 billion tokens.

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 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 GMGN market data, the Solana-based meme coin e/acc hit a market cap of $29 million and a trading volume of $55.5 million just 9 hours after its launch. The token uses UsePaid, a tool for automatic creator fee distribution, to pay generated creator fees to Silicon Valley influencer Beff Jezos (@beffjezos) on X. The real identity behind the account is widely believed to be Guillaume Verdon, a former Google X quantum computing and quantum machine learning engineer who later founded AI hardware firm Extropic. Verdon is more famous for his e/acc (effective accelerationism) slogan than his personal profile: the ideology of pushing AI, energy, and growth to their limits through technology and capital. After the e/acc meme coin launched today, Verdon initially claimed the X Money account was under DDoS attack, but later clarified that the funds would likely be used for e/acc-related non-profit activities. Notably, Verdon has no official issuance connection to the token; he is merely named and receives funds passively. BlockBeats reminds users that most meme coins lack real use cases, exhibit extreme price volatility, and caution is required for investments.

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.