Crypto market to unlock $4.5B in tokens in September
About $1.17 billion will be released through cliff unlocks, while $3.36 billion will come from linear unlocks in September.
Crypto projects are set to unlock about $4.5 billion in vested tokens in September, according to data tracker Tokenomist. Tokenomist data shows that about $1.17 billion will come from cliff unlocks, while $3.36 billion will be released through linear unlocks. About $4.5 billion in tokens will become available to investors, project teams and other stakeholders as vesting agreements expire. Cliff unlocks are typically larger, one-time token releases that happen at the end of a specified lockup period. This often affects the market more due to supply shocks. On the other hand, linear unlocks distribute tokens over time, which helps smooth out the impact on the supply. Projects like Sui SUI $3.50, Fasttoken FTN $4.53, Arbitrum ARB $0.5236 and Aptos APT $4.43 are among the biggest crypto projects unlocking millions in vested tokens in September.
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SBP Opens Doors for Financial Innovation with New 'Sandbox'
The State Bank of Pakistan (SBP) is taking a major step to boost financial innovation by launching its first-ever Regulatory Sandbox program. This initiative, announced in an official statement on Monday, is designed to give tech companies and entrepreneurs a safe space to test new ideas. For this initial round, the SBP is focusing on three key areas: * Improving how money is sent into Pakistan from abroad (inward remittances). * Developing 'open banking' solutions, which allow different financial services to connect and share data more easily. * Making it simpler for new merchants to sign up for digital services. This "sandbox" will allow innovators to try out their products in a controlled setting. In return, the SBP will learn from these experiments, helping them create smarter, more flexible rules for the fast-growing world of financial technology, all while making sure the financial system stays stable and consumers are protected. The central bank is encouraging anyone with a great idea in these areas to apply and help shape the future of Pakistan's digital economy. Applications are open from August 25 to October 5, 2025. Detailed guidelines have also been released to help potential applicants.