Encryption Daily: Initial jobless claims in the U.S. saw the largest increase in three months, Kanye West launches Meme coin YZY

Author: Deep Tide TechFlow

Market Trends Yesterday

The number of initial jobless claims in the United States saw the largest increase in three months, while continuing claims rose to the highest level since 2021.

According to Jinshi Data, the number of initial jobless claims in the United States recorded the largest increase in nearly three months last week, indicating that layoffs may be on the rise, further exacerbating signs of a weakening labor market. The Labor Department announced on Thursday that for the week ending August 16, adjusted initial jobless claims increased by 11,000 to 235,000, the largest increase since the end of May. As companies respond to Trump’s protectionist trade policies, the labor market has shown a situation of "low layoffs and weak hiring." The government reported earlier this month that over the past three months, employment has increased by an average of 35,000 jobs per month. The growth rate of domestic demand in the second quarter fell to the slowest since the fourth quarter of 2022. The report indicated that for the week ending August 9, continuing jobless claims increased by 30,000 to 1.972 million, the highest since November 2021.

The acting chair of the CFTC announces the launch of a new round of cryptocurrency regulatory sprint.

According to an announcement on the official website of the U.S. Commodity Futures Trading Commission (CFTC), CFTC Acting Chair Caroline D. Pham has announced the launch of a new round of cryptocurrency regulatory push to implement the recommendations in the "Presidential Working Group on Financial Markets Report on Digital Assets." This initiative will begin communicating with stakeholders starting today.

Pham stated that achieving instant trading of digital assets at the federal level is one of the key tasks of the Trump administration. The CFTC's plan for spot cryptocurrency trading listings echoes the SEC's Project Crypto, responding to President Trump's call.

The CFTC invites all interested parties to provide feedback on the recommendations regarding the CFTC in the report by October 20, and relevant opinions will be published on the CFTC official website.

The U.S. defense bill will add provisions against central bank digital currencies.

According to Theblock, the U.S. House of Representatives has included regulatory provisions against central bank digital currencies (CBDC) in the must-pass defense bill.

The provision is titled "Anti-CBDC Surveillance State Act," which was previously introduced as a standalone bill by House Majority Whip Tom Emmer. Earlier this summer, the House passed the bill with a vote of 219 to 210, aiming to prohibit the Federal Reserve from directly issuing central bank digital currency to individuals.

MetaMask will launch the mUSD stablecoin, issued by Bridge under Stripe.

According to The Block, MetaMask officially announced the launch of its first native stablecoin, MetaMask USD (mUSD), which is planned to go live on Ethereum and Consensys's Linea network in late 2025. This stablecoin will be issued by Bridge, a platform under Stripe, and minted through the decentralized infrastructure of M0. mUSD will be fully backed 1:1 by US cash and short-term government bonds, featuring real-time transparency and cross-chain compatibility.

Ajay Mittal, the Vice President of Product Strategy at MetaMask, stated that this is the first stablecoin launched by a self-custody crypto wallet, which will serve as the default digital dollar unit in the MetaMask ecosystem. Users will be able to deposit, hold, exchange, transfer, and conduct cross-chain operations with mUSD within MetaMask, and there are plans to enable spending at Mastercard-supported merchants through the MetaMask Card by the end of the year.

According to previous news, sources say that MetaMask may announce the mUSD stablecoin plan this week.

Kanye West X account announces the launch of Meme Coin YZY

Famous rapper Kanye West (Kanye) X account tweeted, announcing the launch of a meme coin called "YZY", and it has not been confirmed whether the account was hacked.

The website shows that in addition to YZY MONEY, Kanye West has also launched 2 other associated projects, Ye Pay and YZY Card.

Aave has deployed on the non-EVM blockchain Aptos for the first time, advancing its multi-chain strategy.

According to The Block, the decentralized finance lending provider Aave has officially launched on the Aptos blockchain, marking its first deployment on a non-EVM blockchain. In the initial phase, it will support native USDC, USDT, APT, and sUSDe as initial assets. The Aptos Foundation will provide user rewards and liquidity incentives to promote adoption, while integrating Chainlink price feeds to support oracle-secured markets. Aave founder Stani Kulechov stated that this is an important step in Aave's multi-chain strategy, as operating across different blockchains is key to building a global open financial system.

Camp Network has opened the empty investment qualification check tool.

According to official news from the Camp Network Foundation, the CAMP token airdrop eligibility verification tool has been launched. Users must complete registration by 23:59 Eastern Time on August 25 to verify if they meet the eligibility criteria for the first season of Camp airdrop.

Executives from Tether and Circle will meet with the CEOs of major banks in South Korea.

According to Decrypt, executives from Tether and Circle will meet this week with the CEOs of several top financial groups in South Korea, including Shinhan Financial Group CEO Jin Ok-dong and Hana Financial Group CEO Ham Young-joo. The discussions will focus on the potential distribution and use of dollar-pegged stablecoins in South Korea, as well as the issuance of won-backed stablecoins.

The talks come at a time when South Korea is preparing to launch a legal framework for stablecoins in October this year, with the ruling party and opposition holding differing views on the regulation of stablecoins.

Cactus Custody helps OnChain bring the CCB International Monetary Fund RWA on-chain

OnChain partners with Cactus Custody to operate the CMB International US Dollar Money Market Fund in a tokenized form (RWA) on-chain, providing investors with auditable on-chain investment options. The fund was established on February 2, 2024, and ranked first in Bloomberg's Asia-Pacific peer rankings as of July 31, 2025, leading the market with characteristics such as transparency, low volatility, and verifiable net asset value.

This cooperation directly addresses four major pain points in on-chain wealth management: the lack of custodial and auditable cash equivalents on-chain, low efficiency in switching funds between banks and on-chain, the difficulty of unifying risk control and auditing across multiple jurisdictions, and the dispersion of liquidity across multiple chains. OnChain offers RWA on-chain technology services, with net asset value calculated off-chain and periodically brought on-chain, while shareholding and transfers are controlled by whitelists and limits. Additionally, the self-developed liquidity mechanism and liquidity contracts optimize the redemption experience. Cactus Custody provides institutional-level custody services, employing multi-approval, multi-signature mechanisms, cold and hot storage separation, and other multi-layered security measures, along with daily reconciliations and periodic audits to ensure consistency between accounts and actual assets, strictly isolating on-chain assets from operational funds, and preventing risks from hacker attacks or internal operational errors, thus providing OnChain users with bank-level investment security protection and maximizing the protection of user assets from on-chain volatility and external threats.

More importantly, this is not just a fund on the chain, but a replicable RWA template. By running the entire process through the currency fund, it can subsequently be expanded to include note pools, short-term debts, and passive products, creating a sustainable RWA product line and enriching the ecosystem of on-chain wealth management products.

Insiders: Claude's parent company Anthropic is in talks to raise up to $10 billion in new funding.

According to Jinshi data reports, informed sources reveal that Claude's parent company Anthropic is about to reach a new financing agreement of up to $10 billion, an amount that exceeds expectations and is one of the largest financing rounds for artificial intelligence startups to date.

According to informed sources, negotiations are still ongoing, and the final amount may change. Earlier reports stated that Anthropic is in deep discussions to raise $5 billion in this funding round, with a valuation of $170 billion. Informed sources indicated that this amount has significantly increased due to strong investor demand.

It is reported that the investment firm Iconiq Capital will lead this round of financing. According to informed sources, other expected participants include TPG Inc., Lightspeed Venture Partners, Spark Capital, and Menlo Ventures. Anthropic has also discussed joining this round with the Qatar Investment Authority and the Singapore sovereign fund, GIC.

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