SOL breaks through the $200 mark

[Binance to Remove Three Spot Trading Pairs Including BABY/BNB on August 29] Odaily Planet Daily News - According to an official announcement, Binance will remove and cease trading for the following spot trading pairs on August 29, 2025, at 03:00 (UTC): BABY/BNB, NXPC/FDUSD, and SXT/FDUSD. At the same time, Binance will terminate the spot trading bot services for these pairs. Users can still trade the relevant tokens on other available trading pairs. (This news flash was AI-assisted in generation)

[U.S. Prosecutors Appeal Sentence for HashFlare Founders, Seeking 10 Years in Prison] U.S. prosecutors have appealed the sentence of Sergei Potapenko and Ivan Turõgin, co-founders of the cryptocurrency mining service company HashFlare, arguing that they should be sentenced to 10 years in prison. Previously, the two were charged with conspiracy to commit wire fraud for operating a Ponzi scheme involving $577 million. On August 12, Judge Robert Lasnik of the federal court in Seattle sentenced the two to time served, a $25,000 fine, and 360 hours of community service, with the sentence expected to be completed in Estonia. The two were arrested in Estonia in October 2022, detained for 16 months, extradited to the U.S. in May 2024, and pleaded guilty. Prosecutors believe the current sentence is too lenient and have filed an appeal.

[Japan's 2026 Tax Reform Proposal: Lower Cryptocurrency Tax Rates and Expand NISA Account Coverage] According to a report by Jinse Finance, Japan's Financial Services Agency has proposed a series of tax reform measures for 2026 aimed at comprehensively overhauling the current cryptocurrency tax framework. The core elements of the reform include two main aspects: first, replacing the current comprehensive taxation system (where cryptocurrency gains are combined with salary income and taxed at a maximum rate of 55%) with a separate flat tax rate system, set at approximately 20%; second, introducing a "three-year loss carryforward" mechanism similar to stock market rules (allowing losses to offset taxable gains over the next three years). In addition, the Japanese government plans to expand the coverage of the Nippon Individual Savings Account (NISA) to all age groups. By providing tax-advantaged channels, this initiative aims to indirectly create a more attractive investment ecosystem for cryptocurrencies.

[Ethereum PoS Exit Queue ETH Surpasses 1 Million] According to validatorqueue data, as of August 27, the total amount of ETH in the Ethereum PoS network exit queue has reached 1,012,296 ETH, valued at approximately $4.666 billion, with withdrawal delays extended to 17 days and 14 hours. Meanwhile, the amount of ETH waiting to join the network is approximately 581,233 ETH. This phenomenon reflects two market forces: some stakers choosing to exit for profit, while institutional demand drives new capital inflows.

Token tests $3.08 resistance on heavy flows before consolidating near the $3.00 psychological mark.