YM Lee

The FTX Recovery Trust has filed a $1.15 billion lawsuit against Bitcoin miner Genesis Digital Assets and its co-founders. On the 24th (local time), Decrypt reported that the lawsuit is based on allegations that former FTX CEO Sam Bankman-Fried mixed customer funds to purchase a stake in Genesis Digital Assets at an "outrageously high price." The investment was made through FTX's sister firm Alameda Research, and at the time Bankman-Fried owned 90%. FTX collapsed in November 2022 amid allegations of mismanagement and embezzlement, and a restructuring team led by attorney John J. Ray III is currently recovering customer assets. Bankman-Fried was convicted in November 2023 on charges that he used customer funds for Alameda Research's high-risk investments and is serving a 25-year prison sentence in a Southern California prison. Genesis Digital Assets declined to comment on the lawsuit and is currently headquartered in Dubai, United Arab Emirates, operating data centers in the U.S. and Europe.

Live-streaming and e-commerce company GD Culture Group saw its stock plunge 28% immediately after announcing a $787.5 million Bitcoin acquisition deal. On the 17th (local time), Cointelegraph reported that GD Culture said it would issue about 39.2 million common shares to acquire all of Pallas Capital's assets, namely assets including 7,500 Bitcoin. The deal was made last Wednesday. Xiaojian Wang, CEO and chairman of GD Culture, said the deal would "directly support plans to build a strong and diversified digital asset (cryptocurrency) reserve." With this acquisition, GD Culture is expected to become the 14th-largest Bitcoin-holding publicly listed company. Companies adopting Bitcoin treasury strategies have surged in 2025, increasing to more than 190, and the market size has reached $112.8 billion. However, some investors have recently expressed concerns about the sustainability of Bitcoin purchase strategies financed through share issuance or debt raising. Immediately after the deal was announced, GD Culture's stock plunged 28.16% to $6.99, marking the largest drop in the past year. After the market close it rebounded 3.7%, but market capitalization fell to $117.4 million. The current share price is 97% below the record high of $235.80 set in February 2021. In May, GD Culture announced a crypto reserve strategy and said it planned to invest in Bitcoin and President Donald Trump's official meme coin TRUMP token through share issuance of up to $300 million. However, earlier it had received a regulatory warning from Nasdaq for having shareholders' equity below the minimum requirement of $2.5 million.

According to Kaito's Token Mindshare (an AI-based Web3 search platform; Token Mindshare is a metric that quantifies the influence of a specific token in the virtual asset (cryptocurrency) market) top gainer, as of the 16th the virtual asset-related keywords that people are most interested in are Bitcoin (BTC), Binance Coin (BNB), Hyperliquid (HYPE), Tether (USDT), Sui (SUI), etc. Bitcoin (BTC) regained bullish momentum due to recent gains in the Nasdaq and global stock markets, drawing investors' attention. Bitcoin (BTC) is trading at 116,424 dollars on Binance's Tether (USDT) market, up 1.09% from the previous day. News that Binance and the U.S. Department of Justice are pursuing a settlement has led Binance Coin to show strength. After news of a settlement between Binance and the U.S. Department of Justice, Changpeng Zhao (CZ), Binance's founder, changed his X profile from 'former Binance' to 'Binance', prompting speculation about his return to management. Binance Coin (BNB) is currently trading at 955.19 dollars, up 4.02% from the previous day. Hyperliquid (HYPE) attracted investor sentiment by announcing cooperation with Circle (CIRCLE). Hyperliquid plans to introduce native USDC through cooperation with Circle while raising investment. In addition, investors are showing interest in Tether (USDT), Sui (SUI), 0G, NEAR Protocol (NEAR), etc.

Chiliz Group, which operates the fan token platform Socios, has secured management control by acquiring a 51% stake in the famed esports organization OG. According to Decrypt on the 17th (local time), OG was founded in 2015 by Dota 2 legends Johan Sundstein and Sébastien Debs, and was the first team to achieve back-to-back victories at the Dota 2 World Championship 'The International' in 2018 and 2019. Since then, it has expanded its activities to Counter-Strike, Honor of Kings, Marvel Rivals and others. OG was also the first esports team to launch its own fan token on Socios in 2020. That token recently surpassed a market capitalization of US$100 million, becoming the largest among esports team tokens, and reached an all-time high of US$24.78 last week ahead of international tournaments. On the day the acquisition was announced, it was US$16.88, up 9% from the previous day. With this acquisition, Xavier Oswald will take the position of CEO, and the co-founders will devote themselves to a new strategic project that combines esports and Web3 innovation. Chiliz CEO Alex Drapers said, "Bringing OG into the Chiliz Group is an important step in enhancing the fan experience," adding that "with the founders still at the center and a digitally native fanbase, it is the perfect foundation to experiment with next-generation esports fan engagement models." He added that they are reviewing "token-based governance, NFT ticketing, exclusive drops, on-chain royalty systems" to demonstrate the value fan tokens can bring to fan communities, and explained that "innovative ideas such as token buybacks using team revenues and tournament prizes are also possible." OG currently holds the largest fan token by market capitalization on the Socios platform, and Socios is expanding the fan token ecosystem in partnership with traditional sports clubs such as FC Barcelona, Juventus, and Paris Saint-Germain.

The Ethereum Foundation has established an artificial intelligence (AI) team and is stepping up its strategy to combine blockchain and AI. This move was not in the existing roadmap but reflects the demands of ecosystem projects. On the 9th (local time), according to Cointelegraph, Davide Krapis, the Ethereum Foundation AI lead, said, "The ecosystem needs this," and "This change is another step toward the protocol's long-term success." The new team will cover both the protocol and ecosystem areas, and aims to pursue product development and prepare for the influx of traditional AI developers at the same time. Krapis said, "If we can show traditional AI developers the value in decentralization and in terms of verification and governance, it would be a successful path," and said they plan to publish a detailed roadmap with milestones within this year. He also emphasized, "The ERC-8004 proposal has received significant attention from the start," and "It is already an agenda that can exert a large influence." The proposal is intended to allow AI agents to be discovered, selected, and utilized in a trustworthy manner, and was co-authored by Krapis along with MetaMask AI lead Marco De Rossi and OpenAI's Jordan Ellis. In the Ethereum ecosystem, AI-related services are already emerging, such as micropayments (including stablecoins), on-chain identity and verification services. The new AI team intends to strengthen clarity and support in these areas. The initial members will be Krapis, an AI product manager, and researchers, who will conduct research in collaboration with the protocol team. The Ethereum Foundation's move aligns with the flow of blockchain-based AI agents that have been spreading since 2023. These agents can perform financial transactions and various tasks with minimal human intervention. Krapis said, "I do not think this move is late," and "For the past two years, experiments coordinating AI on the protocol have continued and now is an appropriate time."

Stablecoin issuer Circle said it invested in Hyperliquid and will introduce native USDC. On the 9th (local time), Cointelegraph reported that Circle became a stakeholder in the Hyperliquid ecosystem and acquired native token HYPE, and deployed USDC to Hyperliquid's smart contract layer, HyperEVM. Circle said on X (formerly Twitter), "this update is the first step to support USDC deposits on Hyperliquid's spot and perpetual futures exchange." A company spokesperson also described it as "executing the expansion roadmap announced last July." Hyperliquid is a decentralized finance (DeFi) protocol specialized in derivatives trading; after launching its layer-1 network in 2024, it recorded cumulative trading volume of $330 billion as of July 2025, one year after the launch. The protocol held a competition in September to select partners for issuing its own stablecoin, with major firms participating including Paxos, Frax, Sky, Agora, Etena, OpenEden, BitGo, and Native Market. Last Sunday Hyperliquid announced, following a validator community vote, that Native Market was selected as the new issuer of the stablecoin USDH. Validators are structured so that HYPE holders stake tokens to participate in blockchain security, transaction verification, and governance; the top 21 stakers by stake size are responsible for block proposals and validation. About 430 million HYPE are currently staked on the network, and major validators include Galaxy Digital, Flodex, and the Hyper Foundation. Meanwhile, in 2025 decentralized finance has continued to grow thanks to real-world asset tokenization and the expansion of digital asset finance. According to DeFiLlama, as of Sept. 9 global protocol total value locked (TVL) was $158 billion, a 35% increase in nine months from $117 billion in December last year. Meme coin trading has also shown a resurgence, and on Sept. 8 PumpFun's daily trading volume exceeded $1 billion.

Digital asset wallet brand D'CENT said on the 12th that the 'Tap That Drop' campaign, carried out with Camp Network, is progressing smoothly with high user participation. With hardware wallet holders and users with long-term holding tendencies actively participating in the campaign, it is showing results differentiated from traditional airdrop marketing centered on short-term speculation. Camp Network is a next-generation intellectual property (IP) infrastructure project that has quickly established itself in the global market by simultaneously listing on major global exchanges such as Bybit, Kraken, and Bithumb alongside the official launch of its mainnet. It is a Layer 1 blockchain that combines artificial intelligence (AI) and blockchain to redefine the intellectual property layer, designed to manage and tokenize creations and data on-chain and enable AI agents to automatically obtain licenses to transparently track copyrights. Camp Network recently officially announced the start of Season 2, attracting investor attention. To expand the on-chain creative IP ecosystem, it plans to expand partnerships along with the mainnet opening and launch new services to establish a foundation where creators and users can grow together. Camp Network is also working on creator verification and on-chain copyright management. Through cooperation with Billionz it established a creator verification system by applying POH (Proof of Humanity), and with Rarible it jointly conducted a commemorative non-fungible token (NFT) drop and AMA (Ask Me Anything), expanding on-chain licensing models and creator tools. It is also continuing expansion into fields such as entertainment and robotics. Camp Network said, "Through Season 2, we plan to make user-owned IP a core value and expand on-chain copyrights and automated monetization models. Through collaboration with D'CENT, we provided a differentiated opportunity for users to experience web3 ecosystem expansion directly from their wallets. We will continue close partnerships going forward."

Nakamoto, a subsidiary of KindlyMD, has decided to invest up to 30 million dollars in Japanese Metaplanet's global paid capital increase. According to The Block's report on the 10th (local time), this investment is Nakamoto's largest single investment and its first investment in an Asian listed company that has adopted Bitcoin as a financial asset. The investment process closes on September 16, and the shares are scheduled to be delivered the next day, the 17th. Metaplanet plans to raise approximately 1.4 billion dollars through this capital increase to be used for Bitcoin purchases, and will issue a total of 385 million new shares. Metaplanet, listed on the Tokyo Stock Exchange, is the first company in Japan to adopt Bitcoin as a core financial asset. The company purchased an additional 136 BTC (about 15.2 million dollars) one day before the announcement of this investment, increasing its total holdings to 20,136 BTC, which is the sixth largest among publicly listed companies worldwide. Nakamoto's entry into Bitcoin finance accelerated after merging with its parent company KindlyMD in August. It is pursuing a dual strategy of providing medical services and investing in virtual assets, and this investment is the first example of that. Meanwhile, KindlyMD's Nasdaq-listed stock (ticker NAKA) surged 77.2% in one day after the investment news, closing at 8.08 dollars. However, despite a 43.4% decline over the past month, it has still risen 551.6% year-to-date.

Sharplink, the second-largest holder of Ethereum (ETH) strategic reserves, has launched a $1.5 billion share buyback program to support its stock price. According to Cointelegraph on the 10th (local time), Sharplink said its shares are trading below its net asset value (NAV) and that the repurchases will directly contribute to enhancing shareholder value. Joseph Chalom, Sharplink co-CEO, said, "The market is currently undervaluing our company," and added, "Rather than issuing equity below NAV, we will allocate capital efficiently and focus on boosting shareholder value through buybacks." The move came days after NYDIG advised that "digital asset treasury (DAT) companies should consider buybacks if they trade below NAV." In its initial purchase, Sharplink bought 939,000 common shares at an average price of $15.98 per share. The stock closed at $16.69 the next day, up 6.59% in one day, but is still down more than 25% over the past 30 days. The company said, "The stock is significantly undervalued, and this repurchase is an attractive investment that demonstrates confidence in our long-term strategy." Sharplink holds about 837,230 Ether, worth approximately $3.59 billion. Most of it is staked and is said to generate substantial returns from blockchain network rewards. The company approved the buyback program on August 22 and has been preparing to respond quickly as market conditions warrant. Experts say the move could have implications across digital asset treasury companies. Greg Cipolaro, head of global research at NYDIG, emphasized, "If DAT companies trade below NAV, the simplest solution is buybacks," and said, "They should set aside part of their raised funds as resources for purchases."

Bitcoin may continue a short-term downtrend if it fails to recover the 111,200 dollars level, an analysis suggested. On the 10th (local time), NewsBTC reported that crypto asset analyst Aayush Jindal said, "Bitcoin is currently trading below 111,500 dollars and the 100-hour simple moving average, and if it fails to break above 112,300 dollars, it could test the 110,800 dollars support." According to the analysis, Bitcoin bounced back around the 111,100 dollars area but faced selling pressure near 113,200 dollars and was pushed back below 112,000 dollars. It then fell to 110,820 dollars before a slight rebound, but short-term resistance is formed at 111,700 dollars and 112,300 dollars. If it fails to break these, it is likely to test supports at 110,200 dollars, 108,800 dollars, and 107,500 dollars in sequence. Conversely, if it settles above 112,300 dollars, a short-term upward move could open up and it may attempt rebounds to 113,200 dollars, 114,200 dollars, and 115,000 dollars, the analysis said. Current technical indicators show somewhat bearish signals. The hourly MACD shows a slowdown in bullish momentum, and the RSI (relative strength index) has fallen below 50. This indicates selling pressure is stronger than buying pressure.

According to the top gainer of Kaito, an artificial intelligence (AI)-based Web3 search platform, Token Mindshare (Token Mindshare·an index that quantifies the influence of a specific token in the virtual asset market), as of the 10th the virtual asset-related keywords people are most interested in are Ape (APE), Edena (ENA), Doge (DOGE), Edena Dollar (USDE), and others. Ape (APE) drew investors' attention after unveiling Infopy campaign infrastructure based on Solana (SOL). Ape said it will support more builders to enjoy cross-chain liquidity and the latest protocol infrastructure through Solana expansion. Edena (ENA) attracted market attention by announcing cooperation with the global virtual asset (cryptocurrency) exchange Binance. Edena announced it will integrate its synthetic stablecoin Edena Dollar (USDE) into the Binance platform. Dogecoin (DOGE) garnered interest on news of a spot exchange-traded fund (ETF) launch. Eric Balchunas, a Bloomberg ETF analyst, projected, "The Rex-Osprey Dogecoin spot ETF product is expected to launch this Thursday." Investors were also shown to be interested in Bancor (BNKR), Polygon (POL), Aptos (APT), and others.

With the Fed's rate cut imminent, there is a view that the Bitcoin market could enter a new bull phase. An analyst from on-chain analysis platform CryptoQuant, xwinfinance, said in a QuickTake analysis on the 10th, "The Fed's rate cut is not a mere macroeconomic event but a turning point that can trigger structural changes in the crypto asset market," adding, "It could accelerate flows into Bitcoin as idle funds are deployed." He explained based on past cases. When the Fed carried out a large-scale rate cut in March 2020, Bitcoin plunged along with the stock market, but an increase in stablecoin holdings on exchanges led to buying pressure while Bitcoin holdings declined. This showed that investors began withdrawing coins for long-term custody, and ultimately became the starting point of the 2021 bull market. The same trend repeated when the Fed shifted back to an easing stance at the end of 2024. While stablecoins steadily flowed into exchanges and Bitcoin holdings fell, Bitcoin continued to rise, hitting new highs despite persistent macroeconomic uncertainty. xwinfinance emphasized, "If rate cuts are actually implemented in the future, the same pattern is likely to be reproduced," adding, "If stablecoin inflows to exchanges increase and Bitcoin holdings decrease, these would be key signals supporting a bullish scenario." However, he also warned that volatility could increase initially due to position adjustments and tests of support levels.

XRP is testing the $3 level in the U.S. on hopes of approval for an exchange-traded fund (ETF). According to cryptoasset (cryptocurrency) media Cointelegraph on the 3rd (local time), Bloomberg analysts put the probability of an XRP ETF being approved in the SEC's October decision at 95%. However, they note that adoption of the XRP Ledger (XRPL) and tokenization indicators remain weak, making it uncertain whether the rally will be sustained over the long term. XRP's price rose to $3.04 the previous day but then fell back to $2.94, hitting short-term resistance. The recent rise was driven by ETF hopes and increased institutional investors' participation in derivatives. The size of XRP futures contracts listed on the Chicago Mercantile Exchange (CME) reached 386 million XRP, a 74% increase from last month. This indicates increased interest from professional asset managers and market makers. However, XRP lagged the broader altcoin market rally. Since August, while the altcoin market cap increased 14%, XRP has remained flat. Over the same period, Hyperliquid (HYPE) rose 32%, Solana (SOL) 28%, Cardano (ADA) 19%, and Ethereum (ETH) 18%. XRP's main momentum emerged after the long dispute between Ripple and the SEC was settled. Ripple's stablecoin RLUSD surpassed $700 million, attracting attention, but nearly 90% of its supply was issued on the Ethereum network and thus did not significantly contribute to demand on the XRPL itself. In addition, its market share in real-world asset (RWA) tokenization is only 2%, lower than that of Avalanche, Stellar, and Aptos. Experts say they cannot rule out the possibility of XRP rising to $3.60 in the short term, but point out that with the XRPL's total value locked (TVL) at only $100 million, there is insufficient momentum to sustain the rally.

Asset Entities (ASST) shareholders approved a merger with Strive Enterprise, marking the start of a transition into a bitcoin-focused digital asset treasury (DAT). On the 9th (local time), The Block reported that the merged company will change its name to 'Strive, Inc.' and continue trading on Nasdaq under the ASST ticker. The new management will have Matt Cole as chief executive officer (CEO), and Asset Entities co-founder Arsia Sarkani will join as chief marketing officer (CMO) and board member. Cole said, "This merger approval is a decisive moment to build a world-class bitcoin treasury firm," adding, "We will pursue a long-term strategy to maximize bitcoin value per share through a debt-free structure and a reverse merger approach." Following the merger announcement, the stock surged. Asset Entities' shares closed at $6.28 on the 9th, up 17%, and rose an additional 35% in after-hours trading. The two companies announced merger plans in May proposing a 'tax-free bitcoin-for-stock exchange' structure under Section 351 of the U.S. tax code. At the time, Strive also said it planned to review distressed claims including 75,000 BTC related to the bankrupt Mt. Gox. At closing, the company will conduct a $750 million private investment in public equity (PIPE) and may also raise an additional $750 million through warrant exercises. Subsidiary Strive Asset Management has surpassed $2 billion in assets under management since launching its first ETF in 2022, and a co-founder is Vivek Ramaswamy, a biotech billionaire and former U.S. presidential candidate. Asset Entities currently provides content production and marketing services based on social media platforms such as Discord, TikTok, and Instagram.

MetaPlanet has expanded its international share offering to raise about 1.4 billion dollars and is moving to make additional Bitcoin purchases. On the 9th (local time), CryptoSlate reported that MetaPlanet increased the number of offered shares from 180,000,000 shares to 385,000,000 shares in response to investor demand, and ultimately priced 205,000,000 shares at 553 yen (3.75 dollars) per share. This represents a 9.93% discount from the reference price of 614 yen (4.16 dollars). With this capital increase, the number of issued shares will rise from 755,900,000 shares to 1,140,000,000 shares. The company plans to allocate 1.25 billion dollars to Bitcoin purchases and 138.7 million dollars to Bitcoin revenue-generating businesses from September through December. Through this, it aims to secure 210,000 Bitcoins by 2027 and hold about 1% of the total supply. Currently, MetaPlanet holds 20,136 Bitcoins, with a value exceeding 2.24 billion dollars. MetaPlanet has become Asia's largest corporate Bitcoin holder and the world's sixth-largest holder. In September, the company additionally purchased 1,145 Bitcoins for 127.2 million dollars. MetaPlanet announced a "Strategic Financial Transition and Bitcoin Adoption" policy in May 2024, adopting Bitcoin as a core financial asset. The Bitcoin revenue-generating business recorded about 13 million dollars in revenue in the second quarter of fiscal year 2025, proving a revenue model beyond simple asset appreciation. Final settlement and delivery will proceed from September 16, and the offering structure includes up to 375,000,000 shares of subscription rights and an overallotment option of 180,000,000 shares. MetaPlanet's aggressive Bitcoin accumulation strategy aligns with the trend of global companies adopting virtual assets (cryptocurrencies) as financial assets.

Digital asset (cryptocurrency) manager Grayscale has filed large-scale paperwork with the U.S. Securities and Exchange Commission (SEC) for approval of exchange-traded funds (ETFs) based on Bitcoin Cash, Hedera, and Litecoin. On the 9th (local time), The Block reported that Grayscale is seeking to convert its existing closed-end trusts into ETFs to be listed on NYSE Arca and Nasdaq, the same method used to convert its Bitcoin and Ethereum trusts into ETFs in 2024. According to the filing, the Litecoin ETF was drafted on the assumption that the SEC had approved a 19b-4 filing or the listing standards. This move comes amid a competition to approve altcoin ETFs ranging from Dogecoin to Ripple. On the same day, the SEC postponed review of Grayscale's Hedera spot ETF and Bitwise's Dogecoin spot ETF. Grayscale's Bitcoin Cash trust had a net asset value exceeding $202 million as of June 30 and was valued at $4.31 per share. Closed-end trusts can trade at prices divorced from net asset value, whereas ETFs reduce the gap between price and net asset value by buying or selling underlying assets according to demand. The lawsuit Grayscale filed against the SEC's refusal to approve trust conversions has a precedent that led to the approvals of Bitcoin and Ethereum ETFs. The spot Bitcoin ETF launched in January 2024 has accumulated trading volume exceeding $1.2 trillion.

CAMP Network (CAMP), a layer-1 blockchain specialized in intellectual property (IP), announced on the 9th (local time) a cooperation with market data platform Pyth Network (PYTH). The two parties plan to build a market price data layer within the CAMP ecosystem through this cooperation and support the use of high-quality price feed data. Developers within the CAMP Network will be able to utilize more than 1600 data feeds via Pyth live data. Based on this, they can build applications, agents, and so on that respond to real-time financial signals. This integration will allow expansion of infrastructure on the CAMP Network such as △predictive models △data-driven AI agents △interactive IP experiences connected to real-time market data. CAMP Network said, "Through this integration, data from more than 120 exchanges and market makers provided by Pyth can be used based on the CAMP Network. We look forward to how CAMP's creators and developers will grow thereafter."

DogeOS, the application layer (App Layer) based on the Dogecoin ecosystem, announced on the 8th (local time) that it is partnering with the Bitcoin on-chain capital market 'Lombard'. Through this collaboration, the two parties plan to connect trillion-scale Bitcoin liquidity and capital to the millions of Dogecoin applications and communities, which have so far been centered on culture, fun, and accessibility, to create large-scale adoption cases. The Dogecoin community has created one of the most lively and inclusive cultures in the crypto industry, but it lacked the liquidity infrastructure to support the community's activities. Through this collaboration, the Dogecoin community has connected to the capital of the Bitcoin ecosystem and gained the power of the world's strongest store of value. Lombard is a Bitcoin on-chain capital market with approximately $1.5 billion in deposited assets (TVL), and it operates its own platform-staked Bitcoin, Lombard Staked Bitcoin (LBTC). Lombard will connect LBTC to DogeOS to provide the foundation for DogeOS's next-generation applications based on the Bitcoin capital market, such as collateral standards, vault strategies, interoperability, and developer-friendly infrastructure. DogeOS emphasized, "This collaboration is not a simple DeFi integration. It is the first case of Bitcoin entering a community-driven crypto culture, and by combining Bitcoin's role as digital gold with Dogecoin's human culture, serious innovation and delightful creativity can be maximized."

The official utility token 'Mirror (MIRROR)' of Netflix's popular series Black Mirror will be launched. On the 8th (local time), Banijay Rights, the distribution arm of global content company Banijay Entertainment, and music interaction platform Picelynx officially announced the launch of Black Mirror's official utility token Mirror. This Mirror token launch is a case in which the intellectual property (IP) of a globally famous entertainment released a token, and it will stand as a precedent for building next-generation immersive storytelling ecosystems. At the center of the Black Mirror immersive ecosystem is a virtual assistant, Iris. Iris evolves based on users' social behavior, digital activities, and direct interactions, and, inspired by Black Mirror's iconic episode 'Nosedive', assigns each user a dynamic reputation score. Through this, exclusive benefits, token rewards, and access to interactive experiences are provided. The ecosystem is built on the next-generation IP infrastructure KOR protocol developed by Picelynx. KOR is designed to allow IP owners to protect their intellectual property in a transparent and decentralized environment. Inder Pool, Picelynx Chief Executive Officer (CEO), explained, "KOR is designed to support IP owners in the digital age and to protect cultural identity. Mirror will be a perfect example of how world-class IP can expand into a dynamic ecosystem based on KOR. It is guiding the realization of the future of storytelling based on fans' interactions." After its launch, the Mirror token will be supported for trading on exchanges such as Binance Alpha, Kraken, and MEXC.

Hardware wallet brand D'CENT's operator IoTrust announced on the 4th that it has selected 'Camp Network', which recently completed listings on major global exchanges, as the eighth partner of 'Tap That Drop'. Tap That Drop is an interactive campaign that provides various quests and rewards to D'CENT app users through collaborations with Web3 projects, and each episode is held with a different partner project. Camp Network is attracting industry attention for redefining the intellectual property (IP) layer by combining AI and blockchain. Through this collaboration, users can experience this emerging ecosystem most quickly via D'CENT. Camp Network is not just a platform but an IP-specialized Layer 1 blockchain designed to handle the issuance, distribution, and settlement of intellectual property (IP) on-chain, aiming to be next-generation infrastructure that tokenizes creative works and data and connects them to AI. It redesigns the IP layer—the foundation of the internet—around blockchain and AI so that data and creative works are managed on distributed infrastructure, AI agents automatically obtain licenses, and copyright can be tracked transparently. During its testnet phase, Camp completed registrations of more than 6 million wallets, over 80 million transactions, and more than 1.5 million IP assets, and recently launched its mainnet and native token CAMP. Based on this, it is building a new on-chain IP management and automated royalty ecosystem involving creators, AI developers, and platforms. Camp quickly established itself in the market by simultaneous listings on over 10 global exchanges including Bybit, Kraken, Bithumb, and KuCoin. It also secured a Series A round of approximately US$25 million from major investors such as 1kx, Blockchain Capital, and OKX Ventures, recognizing its growth potential.