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Share link:In this post: The Philippines has launched a blockchain system on Polygon to track and verify government spending. The system connects the DBM’s internal processes to a public ledger using BYC’s Lumen and Prismo Protocol. This move aims to eliminate document fraud and restore public trust in government financial transparency, with plans to include procurement, inventory, and real-time auditing.
Share link:In this post: Bank of Russia to scrap cards issued by Visa and Mastercard. Russia’s monetary authority is to set expiry dates for the foreign payment cards. The central bank invites Russians to replace their Visas and Mastercards with Russian Mirs.
Share link:In this post: Amazon’s Q2 2025 revenue rose 13% to $167.7 billion, driven by AI and strong AWS performance. Net income increased to $18.2 billion, while operating income hit $19.2 billion, both beating last year’s numbers. Prime Day broke records, new AI tools launched, and satellite and streaming projects expanded.
Share link:In this post: Apple reported $94.04 billion in Q2 revenue, its biggest quarterly jump since 2021. iPhone revenue rose 13% to $44.58 billion, driven by strong iPhone 16 sales. Mac and Services beat expectations, while iPad and wearables declined.
Share link:In this post: Strategy reported $14.03B in Q2 operating income and $10.02B in net income, driven by Bitcoin gains. The company holds 628,791 BTC at a total cost of $46.07B and saw a $13.2B BTC dollar gain YTD. Over $10.5B was raised via stock offerings in Q2 and July, including IPOs and ATM programs.
Share link:In this post: Algorand Foundation has released a roadmap for 2025 and 2026. The Foundation plans to release several products to boost network adoption. ALGO token continues to struggle as it trades more than 30% below the price at the start of the year
Share link:In this post: Figma raised $1.2 billion in its IPO, with shares set to open at $105-$110, up to 233% above the $33 IPO price. The offering was over 40x oversubscribed, marking the biggest US software IPO since SailPoint. CEO Dylan Field retains 74.1% voting power; Figma plans major AI features and acquisitions to compete with fast-growing rivals like Lovable and Bolt.
- 12:35DefiLlama founder: Figure TVL data authenticity is questionable, not excluded from the ranking due to X platform follower countChainCatcher reported that DefiLlama founder 0xngmi posted on social media stating that DefiLlama discovered a serious discrepancy between Figure's on-chain assets and trading volume: BTC and ETH reserves are extremely limited, its own stablecoin supply is minimal, most loans are still processed in fiat currency, and there is almost no on-chain trading. They suspect that most of Figure's TVL may simply be a mirror of an internal database rather than real, tradable assets. As part of due diligence, DefiLlama has discussed Figure's TVL data (claimed to be $12 billion) with the Figure team in a Telegram group chat and has raised several system and issuance-related questions. However, a person familiar with the entire process spread rumors on X (formerly Twitter) claiming that DefiLlama refused to list Figure due to its follower count on X, and some even implied that DefiLlama charges listing fees, which is completely untrue. In fact, DefiLlama has never refused any project due to follower count, nor has it charged any fees, and it continues to adhere to strict due diligence to ensure the authenticity and reliability of the data.
- 11:54DefiLlama founder: Pressured for investigating and questioning Figure's claimed RWA dataJinse Finance reported that 0xngmi, the anonymous founder of the on-chain data analysis website DefiLlama, posted on the X platform stating that Figure wanted him not to conduct due diligence on the company and tried to exert pressure through both public and private defamation. 0xngmi pointed out that DefiLlama’s value lies in users’ trust in its ability to provide good data, and that providing high-quality data that meets user expectations and helps them make correct decisions is crucial. Figure claims that their on-chain RWA scale has reached $12 billion, but DefiLlama’s investigation found some strange things: 1. Figure only holds $5 million worth of BTC and $4 million worth of ETH on exchanges (with bitcoin’s 24-hour trading volume being only $2,000); 2. Figure’s own stablecoin YLDS has a supply of only 20 million, and theoretically all their RWA transactions should be based on this; 3. Most of Figure’s RWA asset transfer transactions appear to be conducted by accounts other than those holding these assets; 4. The vast majority of Figure’s loan processes are completed through fiat currency, with almost no on-chain payments found. Therefore, DefiLlama is unsure how $12 billion in assets are being traded when there are so few assets available for trading on-chain, and since most holders do not seem to transfer these assets with their own keys, whether they are simply mirroring their internal database onto the blockchain.
- 11:17Next Week's Macro Outlook: "Super Central Bank Week" Arrives, Fed Rate-Cut Cycle Set to RestartChainCatcher News: Over the past week, moderate CPI and PPI inflation reports, along with a surge in initial jobless claims, have paved the way for the Federal Reserve to cut rates by at least 25 basis points at its upcoming meeting. The coming week will be the highly anticipated "Super Central Bank Week," and Trump is about to迎来 his long-awaited moment. The Federal Reserve will meet next week to set monetary policy, and its decision could set the tone for market performance for the rest of the year. Here are the key points the market will focus on in the new week: Monday 20:30, US September New York Fed Manufacturing Index; Tuesday 20:30, US August Retail Sales MoM, US August Import Price Index MoM; Thursday 2:00, Federal Reserve FOMC announces interest rate decision and summary of economic projections; Thursday 2:30, Federal Reserve Chair Powell holds a monetary policy press conference; Thursday 20:30, US Initial Jobless Claims for the week ending September 13; Thursday 22:00, US August Conference Board Leading Index MoM. The Federal Reserve will hold a policy meeting next week, and it is expected to cut rates by 25 basis points, with even a 7% chance of a 50 basis point cut. However, according to market pricing, the more likely scenario is that the Federal Reserve will cut rates by 25 basis points at each of the remaining three meetings.