Mars Daily | BUILDon breaks through $0.7 to set a new historical high, Trump's nominee for The Federal Reserve Board of Governors, Milan's hearing is scheduled for September 4.

CZ: DEX may surpass CEX, AI, RWA, and stablecoins are key breakthroughs for the future.

On August 29, CZ stated during the BNB Day fireside chat at Tokyo Station, "The BNB Chain is mainly community-driven. I don't do much myself, mainly tweeting and encouraging people to BUILD. I hold a large amount of BNB. A significant portion of my wealth is tied to it. If I were 20 years younger, I would choose to develop AI trading agents and privacy-focused perpetual DEXs. DEX trading volume will surpass CEX in the future, and DeFi is the future. I believe RWA is still in its early stages but has high potential. I hope Japan has a dedicated BNB Chain team. Japan is very suitable for technological development and has a good business culture. I hope to see more AI + robotics projects appearing on the BNB Chain."

Federal Reserve's Waller: Supports a 25 basis point rate cut in September, will consider a larger cut if non-farm data worsens.

On August 29, Federal Reserve Governor Christopher Waller stated that he would support a 25 basis point rate cut at the September meeting and expects that cuts may continue in the next three to six months. If the upcoming non-farm payroll data deteriorates significantly, Waller may consider a larger rate cut. He noted that current core inflation is close to 2%, and the labor market faces risks of weakness, so the Federal Reserve should lower the policy rate in a timely manner. Additionally, Waller emphasized that the Federal Reserve should ignore the short-term impact of tariffs on inflation in order to shift to a more neutral monetary policy stance.

The hearing for Trump's nominee for the Federal Reserve board member, Milan, is scheduled for September 4.

On August 29, the Senate Banking Committee of the Federal Reserve stated that the hearing for Trump's nominee for the Federal Reserve Board member, Milan, is scheduled to be held at 10 PM Beijing time on September 4.

WLFI token issuance is imminent, ecological coin B (BUILDon) has broken through 0.7 dollars, reaching a historic high.

On August 29, according to GMGN data, the market capitalization of Meme coin B (BUILDon) on the BSC chain has surpassed 700 million USD, setting a historic high, currently priced at 0.71 USD, with a 24-hour increase of 23%. The B token is the first USD1 concept coin and may have been influenced by the upcoming issuance news of WLFI, leading to significant fluctuations in B (BUILDon) over the past two days.

An address withdrew 17,836 ETH from OKX, worth 79.77 million dollars.

On August 29, according to analyst Yu Jin's monitoring, a certain address withdrew 17,836 ETH from OKX, valued at 79.77 million USD, with an average price of 4,472 USD.

21Shares submitted an application to the U.S. SEC to launch a SEI spot ETF.

According to official news, 21 Shares has submitted an S-1 registration statement for the SEI ETF to the U.S. Securities and Exchange Commission (SEC) and stated in the prospectus that it hopes to explore the staking of SEI.

Elon Musk's X company has been sued for antitrust by Eliza Labs.

On August 29, according to Reuters, software development company Eliza Labs has sued Elon Musk's X Corp, accusing it of obtaining key technological information from the company before suspending the Eliza account and launching a mimicking AI product. Eliza and its founder and plaintiff Shaw Walters stated that X induced it to share technical details about the AI agents operating on the social platform and forced developers to pay high corporate licensing fees to continue operating. The lawsuit claims that X abused its dominance in social media to suppress competitors, violating antitrust laws. Eliza emphasized that its expulsion from the platform was not a publishing decision, but rather a "carefully orchestrated and cunning" act that harmed the company's relationship with clients and restricted its development. The case is currently being heard in the federal court in San Francisco, and representatives from X and Eliza have not yet responded to requests for comment.

Data: WorldChain weekly net inflow 94 million USD Unichain weekly net outflow 88 million USD

According to Artemis data, in the past week, WorldChain had a net inflow of $94 million, Arbitrum had a net inflow of $76 million; Unichain had a net outflow of $88 million, and Polygon PoS had a net outflow of $43 million.

The Final Chapter of BTCFi: Observing the Decline of the Ecosystem from the Crash of BitLayer

After BitLayer was listed on Binance, it immediately plummeted, with high trading volume yet lacking long-term holders, highlighting a speculative bubble. Merlin Chain dropped from a peak TVL of $3.8 billion to only $50 million, and the inscriptions and BTC NFTs transitioned from nationwide celebrations to self-mockery of being 'dead'. Mainstream projects are caught in a dilemma of liquidity loss and insufficient revenue. The core contradiction of BTCFi lies in its dependence on cross-chain and incentive mechanisms, making the model difficult to sustain. Ultimately, the value of BTC does not lie in becoming a DeFi platform, but in its spirit totem as a consensus and value storage in the crypto world.

Internet giants are eyeing cryptocurrency exchanges.

In the summer of 2025, major companies launched a wave of competition in cryptocurrency overseas. At the Japan Web X Summit, companies like Alibaba, Tencent, and Huawei established Web3 departments to compete for exchange customers, binding cloud services with large models for sales. Previously, one-third of AWS's revenue in China came from the crypto sector, highlighting the market's allure. After Singapore tightened regulations, the demand for offshore exchange cloud services remained strong, and competition extended into the AI field. Ant Group plans to launch blockchain services, while JD.com seeks to implement stablecoin globally. Global giants are laying out their strategies, but it remains to be seen whether they truly understand the spirit of blockchain.

Former central bank governor Zhou Xiaochuan: A multidimensional view of stablecoins

Zhou Xiaochuan, the former governor of the People's Bank of China, pointed out that the development of stablecoins needs to be examined from multiple dimensions, including central bank regulation (to prevent excessive issuance and high leverage), financial service models (the real demand for decentralization and tokenization), the efficiency and compliance of payment systems, market manipulation risks, and investor protection, among others. He emphasized that if stablecoins lack effective regulation, it may lead to financial instability, especially with pronounced risks in cross-border payments and virtual asset transactions, necessitating a balance between innovation and risk prevention.

Arthur Hayes boldly predicts: A trillion-dollar stablecoin wave is coming, ENA, ETHFI, and HYPE will experience epic growth.

This article argues that U.S. Treasury Secretary Scott Bessent will reconstruct the global financial system by promoting the dollar stablecoin: 1) using stablecoins to absorb approximately $13 trillion in the European dollar market; 2) promoting stablecoins to developing countries through tech companies to replace local currencies; 3) forcing these funds to purchase U.S. Treasuries to maintain dollar hegemony. The author predicts that this will drive explosive growth in the cryptocurrency market and provides a detailed analysis of how DeFi projects like Ethena and Ether.fi will benefit. The article concludes with the metaphor of "Buffalo Bill," suggesting that Bessent will destroy the existing financial system like a movie killer.