Umia, a token issuance and governance platform, raised $6.11 million through a seven day auction of UMIA tokens, with a fully diluted valuation of $18 million. 17.3 million tokens were sold, accounting for 34.6% of the total supply. The tokens were circulated immediately upon launch and were not locked in. Ten funds including Galaxy Ventures, DCG, Draper Associates, Maven 11, and nearly 700 individual bidders participated, with approximately 45% of the funds coming from institutions that did not have board seats. Umia helps the project to issue coins through a unified legal framework, on chain auctions, and decision-making market governance. The first external project, Slop.cash, is expected to be launched in the fourth quarter. (Source: The Block)

The Russian Central Bank has opened applications for cryptocurrency exchanges and custodians to join official registration, with a review period of 30 working days. The first batch of licenses is expected to be issued before the end of the year.

The planned 24/7 venue will offer dozens of tokenized U.S. stocks, with trades conducted against stablecoins through blockchain-based liquidity pools rather than a traditional order book.

NASDAQ listed company TeraWulf announced that its contract power for the Muskie Data Park in Eastern Kentucky, USA, has doubled to 1 gigawatt. The park is designed for AI and high-performance computing loads. The construction will be divided into two phases, with the first phase aiming for 500 MW to be put into operation in the second half of 2028 and the second phase aiming for 500 MW in the second half of 2030. TeraWulf plans to expand the park to 2 gigawatts in the future. (Source: CryptoBriefing)

The Puell Multiple indicator reached an 11 month high and broke through 1.00. Analyst @ gaah_im stated that the accumulation phase has ended and a reversal of the market has begun, with an initial target level of 2.00. （CryptoQuant）