Key Takeaways:Richard Teng says DEX growth is healthy for the crypto ecosystem, with over $480B in monthly volume according to DeFiLlama.Binance does not plan to directly compete by launching a DEX but is instead focusing on Binance Wallet and Binance Alpha.These platforms serve as bridges between CeFi and DeFi, offering users simple access to decentralized finance with Binance’s scale and security.DEX Growth Reflects Healthy Industry MomentumDuring a Binance Square AMA, CEO Richard Teng responded to a question about whether Binance plans to compete in the decentralized exchange (DEX) space, given the rise of platforms like Hyperliquid.“Many DEXes are growing and evolving, which is a healthy sign for the industry. It shows increasing interest and participation in DeFi,” Teng said.According to DeFiLlama, DEX trading volume surpassed $480 billion in the past 30 days, marking a steady rise year-over-year and underscoring the sector’s long-term momentum.Binance’s Strategy: Wallet and AlphaTeng clarified that Binance’s strategy is not focused on launching a new DEX but on strengthening user access to DeFi through Binance Wallet and Binance Alpha.“Our strength lies in delivering what users want, sometimes even before they realize it,” Teng noted.Binance Wallet has rapidly grown as a non-custodial solution, allowing users to interact directly with DeFi protocols while retaining control of their funds.Binance Alpha has already “captured most market share within this space,” Teng said, positioning it as a central hub for token launches, rewards, and DeFi participation.CeFi Meets DeFiRather than competing head-on with standalone decentralized exchanges, Binance’s strategy is to act as a bridge between centralized finance (CeFi) and decentralized finance (DeFi).By combining Binance’s liquidity, security, and compliance framework with direct DeFi access through Wallet and Alpha, the company seeks to give users the “best of both worlds.”Industry ImplicationsBinance’s stance highlights a broader trend: centralized exchanges are shifting away from direct competition with DEXes and instead focusing on integration and accessibility.As Teng put it, “Competing by launching a DEX isn’t the only way to engage with DeFi.”With Binance Wallet and Alpha already gaining significant traction, Binance is positioning itself as the gateway for mainstream users into DeFi—without the steep learning curve typically associated with self-managed platforms.

According to the announcement from Binance, the platform is set to introduce the Carnival Quest campaign in the MENASA region, offering participants a chance to share in $300,000 worth of token voucher rewards. The campaign will run from 2025-08-28 to 2025-09-28, targeting verified regular and VIP 1 - 3 users. Participants can engage in daily challenges across Spot, Futures, P2P, and Fiat trading to earn reward chances, with each challenge completion offering a random BMT token voucher worth up to $50. To participate, users must complete specific tasks to unlock reward chances every 24 hours. These tasks include accumulating at least $2,500 in total trading volume on Binance Futures, $500 on Binance Spot, successfully referring a friend who completes account verification, or purchasing a minimum of 300 USDT via Binance P2P or Fiat. Additionally, the first 1,000 users to complete their first trade during the promotion will receive $25 in BMT tokens, with a total prize pool of $25,000. Token voucher rewards will be distributed within 14 working days after the campaign ends. Users can redeem their vouchers via the Rewards Hub, with a validity period of 14 days from distribution. Binance emphasizes that sub-account trading volumes will not be combined with master accounts, and reserves the right to disqualify trades or participants involved in dishonest behavior or market manipulation. The platform also retains the discretion to amend the campaign terms or cancel the activity without prior notice.

According to PANews, Tencent Cloud servers experienced severe configuration errors, leading to the exposure of sensitive internal credentials and source code to the public internet. The issue was identified by researchers during routine scans in late July 2025. These errors allowed critical configuration files to be directly accessed externally, posing significant potential risks.

According to Foresight News, U.S. Nasdaq-listed company LiveOne has increased its Bitcoin holdings by over $2 million, bringing its total investment to $4 million, equivalent to approximately 34.2 BTC.

شهد إطلاق العملة الرقمية YZY التابعة للفنان “كاني ويست” على شبكة سولانا تداعيات سلبية حادة، حيث تكبّد 105 متداول خسائر فردية تتراوح بين 100 ألف ومليون دولار، بإجمالي تجاوز 75 مليون دولار، ومتوسط خسارة بلغ 250 ألف دولار لكل محفظة متضررة. source: https://arab-btc.net/105-traders-lose-100k-1m-each-because-of-yzy/

Despite XRP’s (CRYPTO: XRP) $180 billion market cap surpassing BlackRock, crypto investors remain skeptical, citing its centralized structure, lack of fundamental value, and outdated source: https://www.benzinga.com/crypto/cryptocurrency/25/08/47383027/xrp-market-cap-approaching-200-billion-then-why-is-xrp-so-hated?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

On-chain investigator ZachXBT has reignited debate in the crypto community after branding XRP and several other major tokens as “exit liquidity” for insiders. In a post on X (formerly Twitter) on August 28, ZachXBT wrote: “Ripple holders provide nothing of value to the industry except exit liquidity for insiders, thus are not worth supporting.” He added that the same applies to Cardano (ADA), Pulsechain, and Hedera (HBAR). What the XRP community did to, bro?😂— Ducky Royal (@TheDuckyRoyal) August 28, 2025 The comment immediately sparked reactions from traders and community figures, with some mocking the harsh criticism and others agreeing that certain altcoins have failed to deliver meaningful adoption despite large market capitalizations source: https://finbold.com/xrp-slammed-as-exit-liquidity-by-on-chain-crypto-detective/

Pi Network releases Linux Node, expanding support beyond Windows and macOS. Protocol v23 brings on-chain KYC and prepares for smart contracts. Over 14. 8M users verified, boosting adoption and mainnet source: https://coinjournal.net/news/pi-network-launches-linux-node-and-protocol-upgrades-pi-coin-sees-largest-gain-in-days/

Both men face convictions tied to the software’s use in criminal activity — Storm in the United States and Pertsev […] The post Did Tornado Cash Developers Just Get a Lifeline From Solana? appeared first on Coindoo. source: https://coindoo.com/did-tornado-cash-developers-just-get-a-lifeline-from-solana/

France is becoming a global hotspot for crypto "wrench attacks" targeting holders amid organized crime surge. source: https://decrypt.co/337167/paris-police-kidnapping-ex-crypto-trader

过去一年里，最魔幻的加密故事非 World Liberty Financial（WLFI） 莫属。

「Ronin is coming home to Ethereum.」

稳定币是货币演变长河中的下一步。它们像传统法定货币一样依赖主权可信度。

A man in Shanghai has sparked widespread outrage after displaying his hairless dog with a large, elaborate tattoo covering its back at a Pet Fair Asia in Shanghai, China.

美元,稳定币,美国稳定币法案是美元霸权的“强心剂”？ 金色财经,稳定币监管元年，美国立法冲击波。

Philippine Senator Bam Aquino has proposed putting the country’s entire national budget on blockchain so citizens can track all government spending. The plan builds on existing blockchain initiatives but faces technical and political challenges before it can be fully implemented.

Iran’s cryptocurrency flows have fallen sharply in 2025 following a series of destabilizing events, including renewed conflict with Israel, a $90 million hack targeting the country’s largest exchange, and Tether’s unprecedented freeze of dozens of wallets linked to Iran.

在9月1日WLF代币正式开放交易的前夕，市场正被一种混杂着狂热、期待与深度疑虑的复杂情绪所笼罩。

A former cryptocurrency trader was kidnapped near Paris on 26 August and released the next day with injuries, despite a €10,000 ransom demand. The attack is part of a rising trend of crimes targeting people linked to digital assets in France.

WLFI并非一个单一维度的加密项目，而是一个前所未有的、在三个不同层面运行的复合体。