Mars Morning News | Tether and Circle have minted a total of $12 billion worth of stablecoins in the past month

Tether and Circle have minted a total of $12 billion worth of stablecoins in the past month

Mars Finance reports that, according to Lookonchain monitoring on September 5, Tether minted another 2 billion USDT 36 minutes ago. Over the past month, Tether and Circle have minted stablecoins worth $12 billion.

Figma releases Q2 financial report: Holds approximately $90.8 million in Bitcoin spot ETFs

Mars Finance reports that on September 5, US design software developer Figma released its Q2 financial report, with total revenue of approximately $249.6 million, representing a 41% year-on-year increase. As of June 30, it held about $1.6 billion in cash, cash equivalents, and marketable securities, including $90.8 million in Bitcoin spot ETFs.

Russian Ministry of Finance: Proposes lowering the threshold for crypto trading pilot access and expanding participants

Mars Finance, citing Cryptonews and Russian media RBC and Interfax, reports that Alexey Yakovlev, Director of the Financial Policy Department of the Russian Ministry of Finance, stated that the threshold for obtaining "special qualified" investor status is planned to be lowered to expand the entities participating in organized crypto trading under the Central Bank's "Experimental Legal Regime" (ELR) framework.

In March this year, the Russian Central Bank proposed a three-year pilot, open only to "special qualified" investors. The current standard is holding securities and deposits totaling ≥100 million rubles (about $1.2316 million), or an annual income of ≥50 million rubles (about $615,800) in the previous year; the specific reduction has not been disclosed, with the goal of improving accessibility under controllable risk.

Data: An Ethereum participant stakes 150,000 ETH to ETH2 after 8 years of dormancy, worth about $656 million

Mars Finance, citing Onchain Lens monitoring, reports that an early Ethereum participant staked 150,000 ETH (worth about $656 million) to ETH2 after 8 years of inactivity. This participant had obtained 300,000 ETH during the project's early period, then worth a total of $93,300.

The Trump administration submits new arguments seeking court support to remove Federal Reserve Governor Cook

Mars Finance, citing Golden Ten Data, reports that the US Department of Justice has presented new arguments on why President Trump should be allowed to remove Federal Reserve Governor Lisa Cook, stating that her claims regarding the "rate cut excuse" are unfounded. Cook is accused of mortgage fraud and is currently challenging the dismissal decision.

On Thursday, US government lawyers again urged the judge to dismiss Cook's request to prohibit her removal during the lawsuit, reinforcing arguments from last week's hearing. Hours before the legal documents were submitted, it was reported that the Department of Justice had launched a criminal investigation into Cook. The US government argues that the fraud allegations first raised by Federal Housing Finance Agency Director Pulte constitute sufficient "cause" under US law for Trump to dismiss her.

In Thursday's filing, the Department of Justice emphasized that the judge must not "question" Trump's judgment regarding grounds for dismissal, and again refuted the claim that the dismissal was merely an excuse to control the Federal Reserve and cut rates. "Her only 'evidence' is that the President criticized the Fed's policies," the document states, "but mere policy disagreements do not mean the President dismissed Cook for that reason."

Analysis: REX-Osprey may launch DOGE spot ETF next week, its SOL staking ETF was the first to go public

Mars Finance reports that on September 5, Bloomberg ETF analyst Eric Balchunas said on Thursday: "REX is expected to launch a DOGE spot ETF next week under the Investment Company Act of 1940. Notably, its prospectus also includes TRUMP, XRP, and BONK, so these ETFs may also be launched in the future—we'll wait and see." The Investment Company Act of 1940 is a US federal law that allows ETFs to set up subsidiaries in other jurisdictions (such as the Cayman Islands), enabling ETFs to gain exposure to these assets without violating direct rules for the parent fund. On Wednesday, REX-Osprey submitted a prospectus for the REX-Osprey DOGE ETF to the US Securities and Exchange Commission (SEC). As REX-Osprey was the first to launch a Solana Staking ETF earlier this summer, its first DOGE spot ETF may also be the first to go public. Meanwhile, among more than 90 crypto-related ETF proposals awaiting SEC review, Grayscale and Bitwise have also indicated plans to launch DOGE spot ETFs.

Boerse Stuttgart launches pan-European tokenized asset settlement platform Seturion

Mars Finance, citing Cointelegraph, reports that Boerse Stuttgart Group, the sixth largest exchange operator in Europe, has launched a blockchain-based settlement platform called Seturion, aimed at handling cross-border transactions of tokenized assets across Europe. The platform is designed for banks, brokers, trading venues, and tokenization platforms. The system supports both public and private blockchains, and settlements can be made using central bank money or on-chain cash. Local banks have already tested it in blockchain trials with the European Central Bank (ECB). The group stated that its own exchange will be the first to connect to the platform. Currently, BX Digital, a DLT trading venue based in Switzerland and regulated by Boerse Stuttgart, has adopted the solution. Other market participants must obtain regulatory approval before connecting.

US SEC delays decision on 21SHARES spot SUI ETF approval

Mars Finance reports that the US Securities and Exchange Commission (SEC) has delayed its decision on the approval of the 21SHARES spot SUI ETF.

UK regulators draft new anti-money laundering rules, strengthening oversight of crypto companies

Mars Finance, citing Decrypt on September 5, reports that the UK Treasury this week released a draft proposal to revise current anti-money laundering regulations, imposing stricter requirements on crypto businesses. The Financial Conduct Authority will implement a broader "fit and proper" test for company controllers, replacing the current beneficial owner test, to ensure regulation covers complex ownership structures. Other provisions will lower the notification threshold for changes in control from 25% to 10%, meaning any party acquiring 10% or more equity or significant influence must notify the FCA. The Treasury is seeking feedback on the draft, with a deadline of September 30, after which the regulations will be finalized in early 2026 and submitted to Parliament for review.

Justin Sun's address transferred 50 million WLFI before being blacklisted by WLFI, remaining holdings of 545 million worth $102.3 million

Mars Finance, citing Arkham data on September 5, reports that addresses related to Justin Sun currently hold a total of 545 million WLFI, worth $102.3 million. The most recent transfer was 50 million WLFI sent out 14 hours ago, with the target address not labeled on-chain. This morning, World Liberty blacklisted Justin Sun's address, locking 540 million unlocked tokens and 2.4 billion locked tokens. In response, Justin Sun stated, "Our address only conducted a few small test deposits to trading platforms, with very low amounts, and then did some address diversification, with no buying or selling involved, so it could not have affected the market." According to market information, after the "WLFI blacklisted Justin Sun's address" event this morning, WLFI rebounded slightly to $0.189, with a current market cap of $4.65 billion and a 24-hour drop narrowed to 13.8%. Justin Sun has always been one of the biggest supporters of World Liberty and TRUMP tokens, was appointed as a World Liberty advisor, and purchased $75 million worth of WLFI tokens, previously also pledging to buy $100 million worth of TRUMP tokens. As one of the largest holders of TRUMP tokens, Justin Sun attended a Trump presidential dinner earlier this year.

Tether CEO: The 2 billion USDT minted at midnight was not an issuance increase, but a cross-chain swap

Mars Finance reports that regarding the transaction "Tether Treasury minted 2 billion USDT on Ethereum 7 hours ago," Tether CEO Paolo Ardoino explained that Binance has swapped 2 billion USDT from Tron to 2 billion USDT on Ethereum.

Trump signs executive order to formally implement the US-Japan trade agreement

Mars Finance reports that on September 5, the White House announced that President Trump signed an executive order to formally implement the US-Japan trade agreement. Under the agreement, the US will impose a 15% base tariff on almost all Japanese imports, while providing separate industry-specific treatment for automobiles and auto parts, aerospace products, generic drugs, and natural resources that cannot be naturally obtained or produced in the US.

The Japanese government will work to accelerate the implementation of the rice "minimum access" program, increasing US rice purchases by 75%, and will also purchase US agricultural products including corn, soybeans, fertilizers, bioethanol (including bioethanol for sustainable aviation fuel), and other US products, totaling $800 million annually.

The Japanese government is also committed to allowing the sale in Japan of US-made passenger cars that have received US safety certification without additional testing. In addition, Japan will purchase US-made commercial aircraft and US defense equipment.