Today's news tips:
The Trump family's WLFI tokens are currently worth approximately $5 billion.
Bunni, a DEX based on Uniswap v4, is suspected of being attacked and has lost over $8.4 million.
Binance Alpha will list Union (U) on September 4th
The WLFI team proposes to use all WLFI treasury liquidity fees for repurchase and destruction
Selling situation of WLFI TOP10 individual holders: 80% have chosen partial/full profit taking
Metaplanet shareholders approve plan to raise up to $3.8 billion to buy more Bitcoin
Macro
Yueyang Public Security Bureau officials announced in a statement on September 1st that on July 18th, a special task force of over 70 officers, drawn from the Criminal Investigation Detachment, Yunxi Branch, and other units, simultaneously broke into over 10 arrest locations across the city, dismantling a shady industry that used virtual currency trading as a cover to launder funds for overseas online gambling, fraud, and live-streaming pornography rings. The case involved nearly 170 million RMB. The ring used the overseas encrypted chat app "Paper Plane" to advertise "high-priced cryptocurrency purchases" and lure "cannonballs" into providing bank cards. In just six months, bank transactions totaled 170 million RMB, spanning over 20 provinces and municipalities. Since July 2024, the ring has established a four-tiered money laundering channel, operating as "blockchain OTC merchants" as cover. At the first level, overseas financiers transferred proceeds from fraudulent activities like online gambling into domestic "dummy accounts." At the second level, a "running fleet" of agents split the funds and transferred them to secondary cards. After the third-level "drivers" withdrew cash in the early morning, they immediately handed it over to the fourth-level "backpackers" who deposited it into underground banks, ultimately converting it into USDT and repatriating it overseas. Over the past six months, this channel laundered a total of 170 million yuan, with the gang reaping over 1 million yuan in illegal profits. Fifteen suspects have been apprehended in the case, all of whom have been subject to criminal coercive measures in accordance with the law. Further investigation and expansion are underway.
According to Justice Net, a virtual currency touted as a "play and earn" and "deflationary appreciation" scheme attracted significant capital in a short period of time, recruiting dozens of members across three tiers. Following prosecution by the Shishi City Procuratorate in Fujian Province, the court issued a first-instance verdict against key members of a pyramid scheme. Four suspects were convicted of organizing and leading a pyramid scheme and received prison sentences and fines. The defendants appealed the verdict. In July 2025, the court of second instance dismissed the appeal and upheld the original verdict. The court reviewed and determined that although the organization used emerging concepts such as virtual currency and NFT to package itself, its operating model still met the requirements of the crime of organizing and leading pyramid schemes as stipulated in the Criminal Law of the People's Republic of China: First, the project set up a disguised "threshold fee" by purchasing virtual currency, participating in private placements and paying virtual assets, as a prerequisite for joining and developing others; second, it established a clear superior-subordinate relationship and hierarchical structure, and used the number of people developed and the performance of subordinates as the basis for remuneration and rebates; third, it had no real business activities and sustainable sources of income, and its capital operation relied on the funds of later members to pay for previous income, which had obvious characteristics of defrauding property.
UAE firm RAK Properties will accept Bitcoin and other cryptocurrencies for real estate transactions
According to Cointelegraph, RAK Properties, one of the largest publicly listed real estate companies in the United Arab Emirates (UAE), will begin accepting cryptocurrencies for international property transactions. According to an announcement released Monday, RAK Properties will begin accepting payments in cryptocurrencies such as Bitcoin, Ethereum, and USDT. Cryptocurrency transactions will be processed by Hubpay, a regional global payments platform. Hubpay will convert digital assets into local UAE fiat currency before depositing them into RAK Properties' accounts. According to TradingView data, RAK Properties has amassed a market capitalization of AED 4.7 billion (approximately $1.3 billion) since listing on the Abu Dhabi Securities Exchange in 2005.
The Trump family's WLFI tokens are currently worth approximately $5 billion.
According to Cointelegraph, entities associated with the family of US President Donald Trump now hold approximately $5 billion worth of World Liberty Financial's governance token, WLFI, following a massive token unlock on Monday. According to World Liberty Financial's website, DT Marks DEFI LLC and "certain members of the Trump family" hold 22.5 billion WLFI tokens. The company announced Monday that it unlocked 24.6 billion WLFI tokens as part of its plan to establish an initial circulating supply, causing its price to briefly surge to $0.40 before retreating to approximately $0.23 at press time. Previously, World Liberty Financial had stated that tokens held by the founders, including Trump and his three sons—Donald Trump Jr., Barron Trump, and Eric Trump—would be initially locked up. However, Monday's unlocking valued the Trump family's stake at approximately $5 billion based on the WLFI price at the time of publication.
According to Bloomberg, British fintech company Revolut Ltd. has started the process of some employees selling their shares in the company at a valuation of $75 billion. The latest valuation is higher than the $45 billion valuation Revolut received when it issued shares in the secondary market last year. A memo to employees showed that the valuation of each share in this secondary market offering was $1,381.06, and the company had met the subscription needs of new and old investors. People familiar with the matter said that employees of the London-based company will be able to sell up to 20% of their shares. A Revolut spokesperson said: "As part of our commitment to our employees, we regularly provide them with opportunities to obtain liquidity. The secondary share sale of employees is currently underway and we will not comment further until it is completed."
Viewpoint
According to CryptoQuant analyst Darkfost, Bitcoin has experienced a -12% correction since its last all-time high, which is within normal range. During the current bull market cycle, the largest correction since the initial all-time high in March 2024 has been -28%, while the average correction has ranged from -20% to -25%. The analysis indicates that this correction has not broken historical patterns and is likely to remain within a healthy range. Such corrections typically help to clear excess leverage in the derivatives market during bull markets, reduce overheated sentiment, and provide new entry opportunities for long-term investors.
Analysis: Ethereum loses support, speculative longs are concentratedly liquidated
Matrixport analyzed today's charts, noting that Ethereum trading volume plummeted from $122 billion to $57 billion, leading to a concentrated liquidation of speculative long positions. While several technical supports remain below, funding rates have fallen back below 10%, indicating a slowdown in ETF inflows. Ethereum is currently in a post-overbought digestion phase, with implied volatility remaining elevated. For aggressive investors, selling call options offers a way to capture the volatility premium, but the likelihood of a short-term return to $5,000 is limited. Overall, risk management remains paramount, and the firm maintains a cautious stance after the price broke through key support levels.
Binance stated on the X platform that users holding 240 or more Binance Alpha Points can participate in the Holoworld AI project's Pre-TGE event through the Alpha event page.
David Bailey, CEO of Bitcoin holding company Nakamoto, stated that Bitcoin's price could only reach $150,000 after two major Bitcoin whales complete their sell-offs. In a post on the X platform on Tuesday, Bailey wrote, "The reason Bitcoin hasn't reached $150,000 yet is because of these two major whales. Once they've sold (one has already sold over half, and the other is still in the process of doing so)... the price will only continue to rise." Recently, multiple whale transactions have caused volatility in the Bitcoin market. On August 24th, a major Bitcoin whale sold 24,000 BTC (approximately $2.7 billion), triggering a flash crash in the Bitcoin market. According to QCP analysis, the crash resulted in the liquidation of approximately $500 million in leveraged positions within minutes. A few days earlier, on August 21st, a major Bitcoin whale who had held Bitcoin for over five years began transferring funds to Ethereum, selling $4 billion worth of Bitcoin through the decentralized exchange Hyperliquid. The cryptocurrency market sentiment volatility intensified, with the Cryptocurrency Fear and Greed Index falling into the "fear" range on Saturday. Although it rebounded to the "neutral" level of 49 on Tuesday, it had previously fluctuated between "fear" and "neutral".
Project News
Venus Protocol suffers suspected $30 million loss from attack
On-chain data shows that Venus Protocol was suspected of being attacked, with losses of approximately US$30 million.
Binance Wallet to Launch Hyperbot (BOT) Token Generation Event on September 3rd
Binance Wallet announced that it will host an exclusive Bonding Curve Token Generation Event (TGE) for Hyperbot (BOT) from 4:00 PM to 6:00 PM (Beijing Time) on September 3rd. This follows news that Hyperbot, an AI-powered on-chain trading platform, received a $6.75 million strategic investment from Nasdaq-listed Pop Culture Group.
Quack AI has opened a channel for claiming $Q airdrops, supporting only BNB chains.
According to Quack AI's official announcement, the $Q airdrop has officially begun. Users who participated in passport minting, AI proxy voting, user referrals, governance activities, or hold AI DAO SBT can check their eligibility by logging into the airdrop portal. The redemption window begins at 4:00 PM (Beijing Time) on September 2, 2025, and ends at 4:00 PM (Beijing Time) on February 28, 2026. Tokens not claimed after this deadline will expire. The airdrop only supports the BNB chain, and users will be required to pay a small BNB handling fee. Previously, Binance Alpha announced that the Quack AI (Q) airdrop will be available for redemption at 3:00 PM today, with a minimum of 220 points required.
Bunni, a DEX based on Uniswap v4, is suspected of being attacked and has lost over $8.4 million.
According to a security alert released by the GoPlus Chinese community, Bunni, a decentralized exchange built on Uniswap v4, was suspected of being hacked on Ethereum and UniChain, resulting in total losses exceeding $8.4 million. According to an official announcement from Bunni, due to the security vulnerability, the application has suspended smart contract functionality on all networks as a precautionary measure. The team is actively investigating the incident and promised to provide an update as soon as possible. Earlier news broke that security firm BlockSec had discovered suspicious transactions targeting Bunni contracts through its monitoring system, with preliminary losses estimated at approximately $2.3 million.
OKX to launch USD1 spot trading
OKX announced the launch of USD1 (World Liberty Financial USD) spot trading. The details are as follows: Deposits will open at 4:00 PM on September 2nd; advance order placement will be from 6:00 PM to 7:00 PM; USD1/USDT spot trading will open at 7:00 PM; and withdrawals will open at 10:00 PM that same evening.
Binance Alpha will list Union (U) on September 4th
Binance announced that its Alpha platform will first list Union (U) on September 4, 2025 (Beijing time). Eligible users can claim the airdrop rewards using Binance Alpha Points through the Alpha event page after trading is available.
Starknet announced on the X platform that it is experiencing a service outage. The team is actively investigating the issue and working tirelessly to restore full functionality as soon as possible. Further updates will be released as more information becomes available.
According to CoinDesk, the Bitcoin token protocol BRC20 has taken a step toward implementing Ethereum-style smart contracts. According to an announcement released Monday, the Bitcoin token protocol has integrated the Ethereum Virtual Machine (EVM) into its core logic since Bitcoin block 912,690. This upgrade, known as BRC2.0, was jointly developed by Best in Slot, the developer of the Ordinals protocol, and Domo, the anonymous founder of BRC20. Best in Slot CEO Eril Binari Ezerel stated that meta-protocols like Ordinals previously relied on "calculator-like" indexers, and that integrating the EVM will make BRC20 Turing-complete. Domo further stated that the ultimate goal is to merge the two gold standards: Bitcoin, the most decentralized and secure network, and the EVM, the most mature virtual machine, allowing users to experience the composability and programmability of Ethereum while enjoying the security guarantees of Bitcoin.
The WLFI team proposes to use all WLFI treasury liquidity fees for repurchase and destruction
According to official news, the WLFI team has initiated a proposal to use all fees earned from the WLFI protocol's own liquidity (POL) to purchase WLFI on the open market and permanently destroy it. This proposal only includes fees generated by WLFI-controlled liquidity, and does not affect fees from the community or third-party liquidity providers (LPs). If the proposal is approved, WLFI will consider it the foundation of an ongoing buyback and burn strategy. Over time, the team will explore expanding this program to include more sources of protocol revenue, with the goal of steadily increasing the scale of WLFI buybacks and burns as the ecosystem grows.
Important data
A whale sold 602.8 WBTC to ETH 3 hours ago and currently holds 16,909 ETH.
According to Ember's monitoring, a whale bought 602.8 WBTC at $110,993 per unit six days ago through leveraged lending, with a total value of $66.9 million. Three hours ago today, the whale sold all of its WBTC for 15,083 ETH. Currently, the whale holds 16,909 ETH, with a total value of approximately $73.84 million, at an average cost of approximately $4,441.
According to Lookonchain monitoring, Galaxy Digital has deposited 500,000 SOL (worth approximately US$103 million) to Coinbase in the past five days.
Selling situation of WLFI TOP10 individual holders: 80% have chosen partial/full profit taking
On-chain analyst @ai_9684xtpa compiled the sales figures of the top 10 WLFI holders: 80% of holders have partially or fully taken profits, with only the top 2 and 5 remaining without transferring or selling any tokens. The top holder, moonmanifest.eth, retained the vast majority of its tokens. Its paper profit of 1 billion tokens has significantly declined with the decline in WLFI, but is still worth $230 million at the current price of $0.2318. The top 6 holder, convexcuck.eth, sold $3.8 million worth of WLFI to 36 buyers via Whales Market, and is suspected of being the primary contributor to WLFI over-the-counter trading on the platform.
XPL profited $38 million, and the whale once again made over $200 million from WLFI.
According to crypto influencer @mlmabc, after making $38 million in profits on XPL last week, whale TechnoRevenant has now made hundreds of millions of dollars on WLFI. He received 200 million WLFI tokens, representing 20% of his total holdings, with a current market value of $49 million. Eight months ago, he invested $30 million in the project's presale, receiving 1% of the total supply (or 1 billion WLFI). At current market value, these tokens are worth $245 million, representing an 8x return on his investment.
A whale deposited over 130 million WLFI tokens worth $32.21 million into Binance
According to Onchain Lens, a whale deposited 133.33 million WLFI (worth $32.21 million) into Binance. This whale invested 10 million USDT in the presale on January 19, 2025, and received 666.66 million WLFI. All WLFI presale participants are currently profitable.
A whale received 200 million WLFI unlocked last night and sold 10 million WLFI 5 hours ago.
According to on-chain analyst Ember, after receiving the unlocked 200 million WLFI (US$59.45 million) last night, the whale @moonmanifest47 sold 10 million WLFI for 2.1 million U five hours ago at a price of US$0.21.
The two addresses received a total of 185,000 ETH, with a total value of US$798 million.
According to Onchain Lens, two addresses received a total of 185,000 ETH, valued at $798 million. Address 0x9f1 received 175,000 ETH, valued at $754 million, while address 0x7d9 received 10,000 ETH, valued at $43.09 million. The identities of these wallets have yet to be confirmed.
Financing/Acquisition
Japanese crypto exchange Coincheck acquires French-regulated digital asset broker Aplo
According to Coindesk, Japanese cryptocurrency exchange Coincheck has acquired Aplo, a French digital asset brokerage regulated by the Autorité des Marchés Financiers (AMF). Coincheck Group said the acquisition will help it expand into the European market. The transaction is expected to be completed in October 2025, and all outstanding shares of Aplo will be converted into newly issued common shares of Coincheck Group. Coincheck was founded in 2014 and is headquartered in Tokyo. Its holding company, Coincheck Group NV, was listed on the Nasdaq last year through a merger with SPAC Thunder Bridge Capital Partners IV (THCP). Aplo is currently registered as a digital asset service provider in France and is applying for a full crypto asset service provider license under the EU's Markets in Crypto-Assets Directive (MiCA). Earlier news, Coincheck launched the "Coincheck Prime" service for institutional and corporate clients.
Institutional holdings
Metaplanet shareholders approve plan to raise up to $3.8 billion to buy more Bitcoin
According to Cointelegraph, shareholders of Metaplanet, a Japanese listed company, approved an increase in authorized shares and the establishment of preferred stock terms, with a maximum issuance of $3.8 billion. The proceeds will be primarily used to acquire Bitcoin. Previously, Metaplanet shareholders approved three resolutions at an extraordinary general meeting: increasing the total number of authorized shares, allowing for virtual general meetings, and establishing new terms for perpetual preferred stock. Metaplanet's president stated that the company plans to acquire a total of 210,000 Bitcoins by 2027.
Metaplanet President: The company plans to purchase a total of 210,000 Bitcoins by 2027
According to Bitcoin Magazine, Simon Gerovich, president of Metaplanet, a publicly listed Japanese company, highlighted the company's achievements in its 16 months of operation as a Bitcoin reserve company at an extraordinary general meeting on September 1st. He also outlined the company's plan to acquire a cumulative 210,000 Bitcoins—1% of the total supply—by 2027. To achieve this goal, the company plans to launch two new financial products: Metaplanet Preferred Shares (Metaplanet Prefs). These perpetual preferred shares, similar to those issued by Strategy in March 2025, are designed to facilitate the company's Bitcoin acquisitions. Yesterday, Metaplanet shareholders approved three resolutions at an extraordinary general meeting: increasing the total number of authorized shares, allowing for virtual general meetings, and establishing new terms for the perpetual preferred shares.
Deutsche Bank increased its stake in Strategy by $47 million in Q2
According to BitcoinTreasuries.NET, Deutsche Bank AG purchased $47 million worth of Strategy (stock code MSTR) shares in the second quarter and currently holds 658,725 shares, which is worth more than $220 million based on the current market value.
