Following AKE’s sharp pump, an alleged market maker withdrew $13.83 million worth of tokens, with the activity linked to the B2 trading address.
According to Yu Jing Monitoring, four hours after AKE saw a 115% price spike, the entity presumed to be AKE’s active market maker withdrew 216 million AKE tokens (valued at roughly $13.83 million) from Binance Alpha. It currently holds at least 12.4 billion AKE tokens on-chain, worth approximately $803 million, accounting for 54% of the token’s circulating supply. The same active market maker is likely behind B2’s sharp rally yesterday.
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Kalshi applies to launch perpetual contracts linked to U.S. individual stocks.
Kalshi has applied to launch perpetual futures contracts tied to individual U.S. stocks, joining Coinbase in efforts to bring crypto-style derivatives into the traditional stock market. The prediction market platform filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) on Friday, and submitted the related proposal for approval to the U.S. Commodity Futures Trading Commission (CFTC). The CFTC has not yet approved the proposal. The proposed contracts will have no preset expiration dates, and will align their prices with their underlying stocks via periodic funding rate payments between long and short positions. Kalshi said these contracts will be classified as securities futures products, and will be cleared through Kalshi Klear, its CFTC-registered clearing house. The application was filed on the same day Coinbase submitted its own proposal to launch U.S. individual stock perpetual futures, with both companies aiming to bring this popular crypto-market derivative to the traditional stock market.
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The quarterly rebalancing of the Nasdaq 100 Index has been finalized, with SpaceX’s weighting set to rise to 2.82%.
According to data obtained by Bloomberg, the quarterly rebalancing of the Nasdaq 100 index will take effect next Monday (September 21), at which point SpaceX’s weighting in the index will rise to 2.82%—a sharp jump from its current ~1.28% weighting. The final weighting, calculated based on last Friday’s closing price, aligns with the provisional figure previously announced by the index compiler and reported by Bloomberg. The upcoming weight increase is expected to narrow an unusual discrepancy: by market capitalization, SpaceX ranks as the seventh-largest company in the Nasdaq 100 with a valuation exceeding $2 trillion, yet at its current index weighting, it does not even crack the top 20.
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Michael Saylor: The best way to protect digital asset innovation is to expand adoption.
Michael Saylor, founder of Strategy, stated in a post that the digital asset industry should leverage the next two years to bring financial products to market, rather than focusing on accepting additional restrictions included in the final compromise version of the CLARITY Act. He argues that the sector should lower costs, simplify access, deliver more practical services, and enhance users’ control over their funds, so that more people can directly benefit from financial innovation, thereby building a public base supporting the industry’s growth.
The CLARITY Act would restrict service providers from offering returns to users solely for holding payment stablecoins, and also impose limits on certain activity rewards and innovation sandboxes. Saylor notes that maintaining bank liquidity stability and protecting banks from competition are distinct goals; after technology cuts financial service costs, consumers should be able to share those gains.
Separately, the SEC, CFTC, and U.S. Treasury have recently advanced developments in tokenized stocks, on-chain finance, stablecoins, and other areas via their existing regulatory authorities. The crypto industry should expand the adoption of digital asset products between 2027 and 2028, and push for temporary regulatory measures to be codified into long-term rules.
Saylor cited assets and entities including BTC, STRC, MSTR, Coinbase, and USDC, asserting that digital capital, credit, stocks, trading platforms, and stablecoins can work in synergy. He emphasized that the most effective way to protect digital asset innovation is to enable more users to benefit from it, so that they develop a direct stake in upholding financial innovation and market choice.
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