Today's news tips:
Guofu Quantum establishes RWA8 Fund to help Hong Kong compete for global RWA pricing power
River says its clients reinvest an average of 22% of their profits in Bitcoin
Etherealize Completes $40 Million Funding Round Led by Electric Capital and Paradigm
CryptoQuant: BTC monthly key support is $107,600, and the market is in a repair phase
Moca Network launches $20 million MocaPortfolio to provide community access to the Animoca ecosystem
TON Strategy Company approves $250 million share repurchase plan
Macro
Guofu Quantum establishes RWA8 Fund to help Hong Kong compete for global RWA pricing power
According to Zhitong Finance, Fuqiang Equity Investment Management Co., Ltd., a subsidiary of Guofu Quantum Innovation Co., Ltd. (00290.HK), registered and established the Guofu Tokenized Digital Asset Limited Partnership Fund (RWA8 Fund) on September 4th. The fund aims to deeply empower Hong Kong's transformation, inject new variables into Hong Kong's RWA (real-world asset) market, and help it compete for global RWA pricing power.
ECB President calls for addressing risks of non-EU stablecoins
According to Cointelegraph, European Central Bank (ECB) President Christine Lagarde called on policymakers to address regulatory gaps in stablecoins, particularly those issued outside the EU's robust Markets in Crypto-Assets (MiCA) framework. In prepared remarks for the ninth annual meeting of the European Systemic Risk Board on Wednesday, Lagarde stated that EU lawmakers should take appropriate measures for the joint issuance of stablecoins by MiCA-regulated entities and non-EU entities. Such stablecoin issuers should not be allowed to operate in the EU unless there is a "sound equivalent regulatory regime" in place in the issuing jurisdiction, including allowing EU investors to "always redeem their stablecoins at face value" and requiring issuers to fully back their stablecoins with reserves. "In the event of a run, investors will naturally gravitate to the jurisdiction with the strongest safeguards, which is likely the EU, given that MiCA also prohibits redemption fees," Lagarde said. "But reserves held in the EU may not be sufficient to meet such concentrated redemptions."
Viewpoint
Bitwise analyst Danny Nelson noted that the Pokémon card market is undergoing a crypto transformation. Currently, most crypto-focused RWA projects primarily serve traditional financial markets, such as government bonds, real estate, gold, and stocks. However, these markets already have established digital trading systems, so cryptocurrencies only offer efficiency gains rather than fundamentally transforming their operating models. In contrast, the Pokémon card market has reached billions of dollars, but remains primarily offline, resulting in inefficient transactions. The social auction app Whatnot generated $3 billion in sales through Pokémon card trading last year, but the market still lacks formalized investment vehicles such as ETFs or funds. This week, CollectorCrypt's tokenized Pokémon card trading platform has garnered significant attention. Users can quickly buy and sell digital cards or deposit physical cards into the platform to generate NFTs for trading. Its CARDS token saw a tenfold increase in value in a week, with annualized revenue estimated at $38 million. Furthermore, its "Gacha Machine" (gacha machine) generated $16.6 million in revenue last week, and due to high demand, the team is facing pressure to restock. Danny Nelson believes that crypto-innovation in the Pokémon card market may become a mainstream breakthrough, similar to the impact Polymarket had on prediction markets, creating global demand for new services.
CryptoQuant: BTC monthly key support is $107,600, and the market is in a repair phase
CryptoQuant analyst Axel Adler Jr. stated that BTC, currently trading at $110,700 on a monthly chart, is slightly above the short-term holder realized price (STH) of $107,600, considered a key monthly bull market support level. The current price is significantly above both the overall realized price of $52,800 and the long-term holder realized price (LTHRP) of $35,600, confirming a structural uptrend. Furthermore, the NUPL indicator, at 0.53, indicates broad market profit-taking, though not reaching the extreme levels of previous cycles. Higher timeframes (LTFs) remain bullish, but the market remains in a correction phase and is sensitive to profit-taking. A key reference point is the STH of $107,000; holding this area would support the continuation of the uptrend. Currently, the NUPL indicator shows no signs of a final frenzy, suggesting further upside potential after consolidation.
Glassnode: If Bitcoin falls below $104,000, it may trigger a drop to $93,000-$95,000
According to Glassnode analysis, investors are actively accumulating Bitcoin within the "white zone" between $108,000 and $116,000, reflecting constructive buying of pullbacks, but the risk of further contraction remains in the short term. A break above $114,000-$116,000 would reignite the upward trend; conversely, a break below $104,000 could trigger a drop to $93,000-$95,000. The profit rate for short-term holders has rebounded from 42% to 60%, but the market remains fragile and requires a sustained recovery to $114,000-$116,000 to bolster market confidence. Furthermore, futures market funding rates are neutral but face the risk of weakening demand, and ETF inflows have also slowed significantly. Previously, Bitcoin ETF inflows were primarily driven by directional spot demand, while Ethereum's flows have shown a mix of spot demand and arbitrage strategies.
Project News
Hold at least 220 Binance Alpha Points to claim 50 TRADOOR airdrops
Binance Alpha is the first platform to list Tradoor (TRADOOR). Trading on Alpha will begin at 8:00 PM (UTC) on September 4, 2025. Users with at least 220 Binance Alpha Points will be eligible to claim a 50-point airdrop of TRADOOR tokens on a first-come, first-served basis. The point threshold will automatically decrease by 15 points every hour while the promotion lasts.
Hold 220 Binance Alpha Points to claim 2,700 Union Token U airdrops
Binance Alpha will be the first platform to list Union (U) trading, with trading commencing at 5:00 PM Beijing Time on September 4, 2025. During the promotional period, users holding at least 220 Binance Alpha Points will be eligible to claim a first-come, first-served airdrop of 2,700 U tokens. The point threshold will automatically decrease by 15 points every hour for the duration of the promotion.
Binance Alpha will list Gata (GATA) today at 6:00 PM. The airdrop threshold is 220 Alpha Points.
According to an official announcement, Binance Alpha will be the first platform to list Gata (GATA). Trading on Alpha will begin at 18:00 (UTC+8) on September 4, 2025. After trading begins, users with at least 220 Binance Alpha Points will be eligible to claim an airdrop of 500 GATA tokens. This will be on a first-come, first-served basis. The minimum score will automatically decrease by 15 points every hour until the event ends. Please note that claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will forfeit the airdrop.
River says its clients reinvest an average of 22% of their profits in Bitcoin
According to Cointelegraph, Bitcoin financial services company River stated that its corporate clients are reinvesting an average of 22% of their profits in Bitcoin, indicating that Bitcoin is gaining increasing grassroots adoption. River research analyst Sam Baker stated in a report released Wednesday that among River's client base, real estate companies are the largest adopters, with nearly 15% reinvesting in Bitcoin. Clients in the hotel, financial, and software industries allocate 8% to 10% of their profits to Bitcoin, and even fitness studios are adopting the currency. Baker stated that these businesses had purchased 84,000 Bitcoins by 2025, representing approximately a quarter of total institutional and corporate reserves. He believes that small businesses are more likely to adopt Bitcoin due to fewer obstacles, while large companies tend to follow conventions and avoid controversy, resulting in fewer holders of the currency in the S&P 500. River also found that over 40% of companies invest 1% to 10% of their profits in Bitcoin.
Moca Network launches $20 million MocaPortfolio to provide community access to the Animoca ecosystem
According to the official Animoca Brands blog, Moca Network, Animoca Brands' flagship project, announced today the launch of MocaPortfolio, which will provide the Moca Network community with access to the Animoca Brands ecosystem. Participants in the MocaPortfolio will be eligible to receive token allocations totaling $20 million from Animoca Brands' portfolio of investments and partnerships, subject to defined vesting terms. The MocaPortfolio offers MOCA Coin (MOCA) holders and the Mocaverse NFT community a new way to participate in and support Animoca Brands' portfolio companies by acquiring vested token allocations, a significant departure from the traditional one-time airdrop model. Kenneth Shek, Moca Network Project Lead, stated that the MocaPortfolio adds a new layer of value accumulation to MOCA and complements the upcoming Moca Chain token economics. Through the MocaPortfolio, participants will gain access to curated tokens. The first registration event for the MocaPortfolio will launch in Q4 2025 for the Magic Eden Token (ME), with additional tokens in the Animoca Brands portfolio to be announced over time.
Prediction market Polymarket receives CFTC approval to return to US markets
According to Decrypt, prediction market Polymarket CEO Shayne Coplan announced on Wednesday that the company has received approval from the CFTC to resume operations in the United States, years after being fined and forced to relocate overseas for alleged violations of existing regulations. The CFTC announced in a statement today that it would not pursue enforcement action against QCX, the regulated derivatives exchange acquired by Polymarket in July, and exempted it from certain recordkeeping and data reporting requirements. Minutes after the announcement, Coplan stated that the no-action letter effectively allows Polymarket to operate in the United States under QCX's license.
Important data
According to Deribit, over $4.5 billion worth of crypto options will expire at 4:00 PM Beijing time on September 5th. Bitcoin options have a notional value of $3.28 billion, a put/call ratio of 1.38, a peak price of $112,000, and open interest concentrated between $105,000 and $110,000, indicating a bearish bias. Ethereum options have a notional value of $1.27 billion, a put/call ratio of 0.78, and a peak price of $4,400. Fund flows are relatively balanced, but bullish options are concentrated above $4,500. The market is focused on whether the expiration will maintain Bitcoin's current price or trigger a breakout.
USDC Treasury mints 250 million USDC on Solana
According to Whale Alert, USDC Treasury has just minted 250 million USDC on the Solana network, worth approximately $249.96 million.
Cumberland is suspected of joining the WLFI market making and received 10 million WLFI 2 hours ago
According to on-chain data from ai_9684xtpa, Cumberland DRW appears to have begun market making for WLFI. Two hours ago, it received 10 million WLFI (approximately $2.05 million) from BitGo, and over the past 24 hours, there has been frequent small transactions on-chain. Notably, Cumberland is also one of the market makers for Memecoin TRUMP. If this information is true, WLFI will now have the support of three major market makers: DWF, Jump, and Cumberland.
Another newly created wallet received 15,000 ETH from FalconX, worth approximately $66.11 million
According to Onchain Lens, another newly created wallet received 15,000 ETH (worth approximately $66.11 million) from FalconX about an hour ago. A total of 80,662 ETH (worth approximately $353 million) has been withdrawn from four newly created wallets today.
According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $301 million yesterday (September 3rd, US Eastern Time). The Bitcoin spot ETF with the largest single-day net inflow yesterday was Blackrock's IBIT ETF, with a net inflow of $290 million, bringing IBIT's total net inflow to $58.669 billion. The second largest single-day net inflow was Grayscale's Bitcoin Mini Trust ETF (BTC), with a net inflow of $28.8293 million, bringing BTC's total net inflow to $1.778 billion. The Bitcoin spot ETF with the largest single-day net outflow yesterday was Ark Invest and 21Shares' ARKB ETF, with a net outflow of $27.9016 million, bringing ARKB's total net inflow to $2.137 billion. As of press time, the total net asset value of the Bitcoin spot ETF was US$145.247 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 6.5%, and the historical cumulative net inflow has reached US$54.875 billion.
pump.fun's revenue in the past 24 hours reached $2.55 million, surpassing Hyperliquid
According to SolanaFloor monitoring, pump.fun's revenue in the past 24 hours reached US$2.55 million, surpassing Hyperliquid's US$2.23 million in the same period, becoming the highest-grossing application in the cryptocurrency field, currently second only to stablecoin issuers such as Tether and Circle.
Three newly created wallets received 65,662 ETH from FalconX, worth approximately $293 million
According to Onchain Lens monitoring, one hour ago, three newly created wallets received 65,662 ETH (worth approximately US$293 million) from FalconX.
An address containing 479 BTC was activated after being dormant for 12.8 years.
According to Whale Alert monitoring, an address that has been dormant for 12.8 years has just been activated, containing 479 BTC (worth US$53.68 million).
34,000 ETH was withdrawn from Binance to two newly created wallets at 1 a.m.
According to on-chain analyst Ember, after ETH rose from $4,350 to $4,480 last night, 34,000 ETH (US$150 million) was withdrawn from Binance to two newly created wallets at 1 a.m.
Bitcoin's daily computing power hits a record high of 1.279 ZH/s
According to Decrypt, data from mining data platform CoinWarz shows that Bitcoin's daily hash rate hit a record high of 1.279 ZH/s on Tuesday, despite the asset's price remaining essentially flat over the previous 24 hours. The seven-day moving average of Bitcoin's hash rate also reached a high, exceeding 1 ZH/s. Despite miners still facing rising energy costs and declining rewards, hash rate continues to rise. Since last year's halving, miners' earnings have fallen from 6,250 bitcoins to 3,125. Miners typically rely on rising Bitcoin prices to cover costs, but the asset's continued price volatility has prompted some large miners to turn to high-performance computing.
Financing/Acquisition
According to The Block, Aria, a Story-based intellectual property (IP) asset chain, has completed $15 million in seed and strategic funding rounds, co-led by Polychain Capital and Neoclassic Capital, at a valuation of $50 million. Aria specializes in tokenizing music IP, and its first APL token has launched, allowing holders to earn music copyright income through staking. The new funds will be used to expand into more IP categories, including art, film, and television. The platform's revenue comes from IP issuance, trading, and management fees. Currently prioritizing ecosystem expansion, some issuance fees have been temporarily waived.
Crypto gaming studio GLHF completes $2.3 million in funding, led by 1confirmation
Crypto-native game studio GLHF announced that it has completed a $2.3 million financing round, led by 1confirmation and participated by some angel investors from the crypto field. The new funds are intended to be used to expand the scale of its flagship crypto game Gigaverse and develop new game features.
Etherealize Completes $40 Million Funding Round Led by Electric Capital and Paradigm
Etherealize, a startup building products and infrastructure on Ethereum for financial institutions, announced the completion of a $40 million funding round led by Electric Capital and Paradigm, with initial funding from Vitalik Buterin and the Ethereum Foundation. Co-founded by Vivek Raman, Danny Ryan, and others, Etherealize is dedicated to developing Ethereum-based asset tokenization and infrastructure for financial institutions. The team plans to digitize traditional financial products such as mortgages and credit through blockchain, driving adoption of Ethereum technology among Wall Street institutions.
Utila, a stablecoin infrastructure company, has secured $22 million in funding led by Red Dot Capital Partners, with participation from Nyca, Wing VC, DCG, and Cerca Partners. Utila provides a digital asset platform for businesses, including payment providers and neobanks. The company processes over $15 billion in monthly transactions, and its customer base has doubled since March. Utila plans to accelerate its expansion into emerging markets in Latin America, Africa, and Asia Pacific.
Institutional holdings
According to on-chain analyst Ember, Bitmine (BMNR) received 80,325 ETH ($358 million) from two institutional platforms, Galaxy Digital and FalconX, in the past hour. This is likely the ETH they purchased this week. Adding this to the 1,866,974 ETH they held as of August 31st, they now hold 1,947,299 ETH ($8.69 billion).
TON Strategy Company approves $250 million share repurchase plan
According to Businesswire, TON Strategy Company (NASDAQ: TONX) announced that its board of directors has unanimously approved a share repurchase plan authorizing the company to repurchase up to $250 million worth of its common stock. Under the plan, the company may repurchase shares from time to time through open market transactions or other methods consistent with applicable securities laws and regulations. Manuel Stotz, the company's executive chairman, stated, "In addition to market conditions and other factors, if the company's stock price is at a premium to its net asset value, the company may consider issuing shares to purchase TON tokens. Conversely, if the company's stock price is at a discount to its net asset value, the company may consider repurchasing its own shares."
According to The Bitcoin Historian, hedge fund giant Millennium disclosed that it purchased $244 million worth of Bitcoin ETFs in the second quarter.
According to Bitcoin News, American Bitcoin, a Bitcoin mining company related to the Trump family, disclosed that it holds 2,443 Bitcoins (worth $273 million), a significant increase from the 152 in the initial disclosure document.
According to The Block, American Bitcoin (ABTC), a Bitcoin mining company affiliated with the Trump family, saw its stock price surge nearly 17% to $8.04 per share on its first day of trading on the Nasdaq, reaching an intraday high of around $14. The stock saw over 29 million shares traded on its first day on the Nasdaq. By comparison, recent cryptocurrency IPOs Circle and Bullish, which went public at higher prices, saw first-day trading volumes of 46 million and 58 million shares, respectively. Trump's son, Eric Trump, said on Wednesday, "Essentially, we have a great mining operation. Right now, our cost to mine Bitcoin is about 50% off the actual price of Bitcoin. We have hundreds of millions of dollars worth of fixed assets and data centers behind us... While others have to pay market price for Bitcoin, we can mine it at a significant discount." According to Bloomberg analysis, the successful IPO of American Bitcoin means that Eric Trump's stake in the company is now worth over $500 million.
According to The Block, Nasdaq-listed SUI Group Holdings announced in a statement on Wednesday that its holdings of SUI tokens have surpassed $300 million after increasing its holdings by approximately 20 million. The company stated that as of Wednesday, it held 101,795,656 SUI tokens, valued at $344 million. Stephen Mackintosh, SUI Group's chief investment officer, stated, "We plan to continue pursuing capital increases to purchase additional discounted locked-up SUI tokens, thereby increasing the number of SUI tokens held per share and creating value for shareholders." SUI Group, formerly known as short-term lender Mill City Ventures, has reached an agreement to purchase tokens directly from the Sui Foundation at a discounted price. Mill City established its position as the official SUI token reserve by completing a $450 million private placement. The company stated that it currently has approximately $58 million in cash available to purchase additional SUI tokens.
AlphaTON Capital (formerly Portage Biotech, Nasdaq: ATON) announced that it will acquire approximately $100 million in Toncoin (TON) through private equity financing and a BitGo loan and establish a corporate treasury for the TON digital asset. The company will focus on TON token reserves, network validation, ecosystem project incubation, and the development of Telegram's ecosystem applications. Brittany Kaiser will serve as CEO, and Enzo Villani will serve as Executive Chairman. The company has already entered into strategic partnerships with BitGo, Animoca Brands, Kraken, and others. The stock will launch under the new ticker symbol "ATON" on September 4th.
