Evernorth has submitted documents to the US Securities and Exchange Commission stating that the company will raise $30 million through 4% convertible senior PIK notes due in 2031. Evernorth has signed a note purchase agreement with NH Investment&Securities, which is conditional on the merger and delivery of Evernorth's business with Armada Acquisition Corp. II, Pathfinder Digital assets, and Ripple Labs. The merger is expected to be completed in the fourth quarter, and the new entity is planned to be listed on NASDAQ under the code XRPN after completion. (Source: CryptoPotato)

Former SEC Chairman Gensler accuses the Trump administration of obstructing the passage of the Bitcoin and Crypto Clarity Act, stating that the bill has significant unresolved ethical issues and that President Trump's staff has refused to make the concessions necessary for its passage. Additionally, Gensler believes that the bill will weaken the US banking industry. （The Bitcoin Historian）

The provision in the CLARITY bill draft that requires officials and their spouses to sell or transfer qualified blind faith holdings of more than $15000 in digital asset enterprise equity has not been advanced, and this provision does not cover the shareholding of adult children of officials. Commerce Secretary Howard Lutnick has transferred Cantor Fitzgerald's equity to a family trust with adult children as beneficiaries. SEC documents show that after October 2025, he will no longer have beneficial ownership, and the family will still be exposed to Tether related businesses. Some Democrats have refused to support it because their adult children are not covered.

Binance ASTER/USDT's perpetual trading volume surged fivefold within 10 minutes, with a turnover of 59.94 million US dollars in the past 24 hours, a decrease of 3.03% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world

The US Treasury Department's OFAC sanctions the Tehran cryptocurrency exchange BitBank, accusing it of transferring billions of dollars in Bitcoin to Iran's Islamic Revolutionary Guard Corps. BitBank is controlled by Babak Zanjani, who used the platform to complete transfers between June and July. The sanctions cover three executives of BitBank software developer Pishtaz Simorgh and its parent company Dot One. Finance Minister Besant stated that using cryptocurrency to finance the regime is not beyond the reach of OFAC. Hormuz Safe, a Tehran based institution, has been receiving payments through BitBank since June and was sanctioned in July. OFAC has not disclosed the relevant wallet address. (Source: Unchained)