PA Daily | US stocks are closed today. The Trump family token, WLFI, will be listed on major exchanges tonight. Binance has launched pre-market trading for LINEA/USDT perpetual contracts.

Today's news tips:

Macro

ZhongAn Smart Life will cooperate with Hong Kong virtual asset trading platforms to explore digital asset business, and its stock price closed up 16.35%.

ZhongAn Smart Life (02271.HK), a Hong Kong-listed company, announced it will soon sign a memorandum of understanding (MOU) with a virtual asset trading platform operator licensed by the Hong Kong Securities and Futures Commission (SFC). The partnership will include jointly exploring digital asset business opportunities, opening accounts for the group to allocate cryptocurrency assets, providing digital asset infrastructure support, and providing technical advice and compliance assistance. This collaboration aims to drive business innovation and digital transformation, enhancing the group's core competitiveness. According to relevant data, its share price closed at HK$4.84, up 16.35%.

Report: Businesses are absorbing Bitcoin at four times the rate miners are producing it

According to Cointelegraph, a report from Bitcoin financial services company River indicates that private and public companies are absorbing Bitcoin at a rate nearly four times faster than miners are producing new coins. River reports that these companies, including publicly listed Bitcoin Reserve Companies and traditional or private companies, will collectively purchase an average of 1,755 Bitcoins per day in 2025. Data shows that ETFs and other investment vehicles will purchase an additional 1,430 Bitcoins per day in 2025, while governments will purchase approximately 39 Bitcoins per day. Bitcoin miners produce an average of approximately 450 new Bitcoins per day. If exchange reserves continue to decline and institutions continue to hold their Bitcoin, a supply shock could occur. Analysts are still speculating on the likelihood and potential impact of such a supply shock, but some predict it would be a positive catalyst for Bitcoin prices. Furthermore, River reports that in the second quarter of 2025, Bitcoin Reserve Companies purchased 159,107 Bitcoins, bringing the total number of Bitcoins held by companies to approximately 1.3 million.

Viewpoint

Analysis: Bitcoin's average drop in September was about 6%. ETF outflows or stock market sell-offs could push BTC to around $100,000.

According to CoinDesk data, September is historically one of Bitcoin's weakest months. Market data from the past 12 years shows that Bitcoin's average decline in September is approximately 6%, with a median decline of approximately 5%. Furthermore, MicroStrategy's Bitcoin premium is declining, reflecting market concerns about cryptocurrency-driven corporate financial strategies. Nick Ruck of LVRG Research stated that this trend could exacerbate Bitcoin's seasonal weakness in September and also indicate that the crypto market is maturing and investors are reassessing long-term value drivers. While expectations of a potential Federal Reserve rate cut are expected to ease seasonal pressure, ETF outflows or a stock market sell-off could further depress Bitcoin's price to support levels near $100,000. Data shows that Bitcoin has closed lower in September eight times since 2013, including sharp declines of 13% in 2019 and 19% in 2014, making sustained gains difficult even during bull cycles. This seasonal pattern has led traders to view September as a recurring trading cycle.

Survey: WLFI small holders sell with a target price of $0.47, large holders target price of $1

According to Jinshi, in a Discord group survey of holders of at least 1 million WLFI tokens, many small holders indicated they would sell if the price reached 47 cents. Group operator Vincent Deriu revealed that large holders were targeting a price above $1. Many planned to sell only a portion of their 20% holdings—perhaps to purchase desirable items. Holder Bruno Ver stated he intended to sell approximately 10% of his holdings once trading begins. He predicted the token price could reach 35 to 50 cents. "I'll definitely be using it for household expenses," he said. "I've already told my wife I'm going on a cruise in September."

Project News

Binance HODLer Airdrop Launches Somnia, SOMI Spot Trading Opens on September 2nd

Binance HODLer Airdrops have launched the 35th round of Somnia (SOMI), an EVM L1 blockchain focused on gaming and entertainment applications. Users can participate in the airdrop by subscribing to guaranteed-principal-earning products (fixed or demand deposits) using BNB. Distributions will be made between 08:00 on August 12, 2025, and 07:59 on August 16, 2025 (UTC). Airdrop information is expected to be available within 24 hours, and tokens will be distributed to users' spot wallets at least one hour before trading begins. SOMI will be available for spot trading on Binance at 22:30 on September 2, 2025 (UTC), supporting USDT, USDC, BNB, FDUSD, and TRY trading pairs. Deposits will open at 19:00 on September 1, 2025. The initial circulating supply of SOMI will be 160.2 million, representing 16.02% of the maximum supply.

Binance will launch pre-market trading of LINEA/USDT perpetual contracts, supporting up to 5x leverage

Binance Futures launched pre-market trading of the LINEAUSDT perpetual contract at 4:30 PM (UTC) on September 1, 2025, with up to 5x leverage. This contract, settled in USDT, offers 24/7 trading and supports multi-asset trading. Linea (LINEA) is a zkEVM-based Layer 2 ZK Rollup network designed to improve Ethereum network performance. The total supply of LINEA is 72,009,990,000.

OKX will delist WBTC, JST, BTT, ERN, GLMR, and MOVR from spot trading on September 8th

OKX announced that it will officially delist WBTC, JST, BTT, ERN, GLMR, and MOVR spot trading pairs, including WBTC/USDT and JST/USDT, from 4:00 PM to 6:00 PM (Beijing Time) on September 8, 2025. Users must cancel their pending orders before 4:00 PM on September 8. Failure to do so will result in the system automatically executing the order, which may take one to three business days. Additionally, OKX has suspended deposits for the aforementioned cryptocurrencies and will halt withdrawals at 4:00 PM on December 1, 2025.

Binance Alpha to List Moonchain (MCH) on September 3rd

Binance announced that its Alpha platform will be the first to list Moonchain (MCH) on September 3rd. Eligible users can claim the airdrop using Binance Alpha Points through the Alpha event page after Alpha trading opens.

Binance Alpha to List Somnia (SOMI) on September 2

Binance announced that its Alpha platform will launch Somnia (SOMI) on September 2. Eligible users can claim the airdrop rewards using Alpha Points through the Alpha Events page after trading begins.

Upbit Lists USD1 and WLFI on Korean Won, BTC, and USDT Markets

According to an official announcement, South Korean cryptocurrency exchange Upbit will list USD1 and WLFI on the Korean won, BTC, and USDT markets.

Bithumb will list WLFI token

South Korean crypto exchange Bithumb will list World Liberty Financial (WLFI) on the Korean won market, according to an official announcement.

Bonk.fun partners with WLFI to become the official launchpad for USD1 on Solana

Bonk.fun, the Solana ecosystem launchpad platform, announced in a post on the X platform that it has reached a cooperation with the Trump family crypto project WLFI. Bonk.fun has become the official launchpad platform for the stablecoin USD1 on Solana. Details about the launch and the significance of this cooperation will be announced soon.

WLFI: Stablecoin USD1 Now Available on Solana

The Trump family's crypto project, WLFI, announced on the X platform that the stablecoin USD1 is now available on Solana. USD1 brings stability, while Solana brings scalability.

Binance to List World Liberty Financial (WLFI) and Add Seed Tags

Binance has officially announced that it will list World Liberty Financial (WLFI) on September 1, 2025, at 9:00 PM (UTC), with the following spot trading pairs available. Seed tags will apply to WLFI: WLFI/USDT, WLFI/USDC. Deposits will open at 12:00 PM (UTC) on September 1, 2025, and withdrawals are expected to open at 9:00 PM (UTC) on September 2, 2025.

Solana's Alpenglow proposal passed, reducing block finality time to 150 milliseconds

According to the SIMD voting status page, Solana's SIMD-0326 Alpenglow proposal has been voted through. Alpenglow aims to reduce block finalization time from 12.8 seconds to nearly 150 milliseconds. The voting rules reportedly require a two-thirds majority (yes + no) of the total votes to pass.

Sonic Labs' proposal to "promote the entry of S tokens into traditional U.S. capital markets" has been approved by the community vote.

The Snapshot voting page indicates that Sonic Labs' proposal, "US Expansion and TradFi Adoption Plan (Including Nasdaq PIPE Vehicle and S Token Acquisition)," has been approved by the community. The proposal's initial objectives are: 1. Support US ETPs/ETFs, Nasdaq Private Equity Investment in Public Companies ("PIPE") vehicles, and other institutional S token buyers; 2. Establish Sonic USA LLC, add a CEO and national team, establish a New York City presence, and offer performance-based compensation packages to new employees; and 3. Increase the gas fee mechanism's consumption rate to enhance long-term deflation. The proposal achieves these goals through the following parameter adjustments: authorizing the issuance of $150 million worth of S tokens for ETP/ETF enablement and Nasdaq PIPE, in addition to the initial issuance of 150 million S tokens for Sonic USA.

Important data

GSR Markets is suspected of participating in WLFI's second round of public offering with $2 million, with a cost price of $0.05

According to on-chain data from ai_9684xtpa, seven months ago, the address 0x453...13F95 transferred 2 million USDC to the WLFI second-round public offering address, receiving 40 million WLFI tokens at a cost of approximately $0.05. The source of funds for this address is GSR Markets, suggesting possible institutional investment. No transfer records related to the official multi-sig have been found, and whether it provides market making services remains to be confirmed. Previous reports have suggested that Jump Crypto is suspected of being a market maker for the WLFI token.

Binance LINEA pre-market trading is currently at $0.052, down 34.64% from the opening price of $0.08

According to Binance market data, LINEA is currently trading at $0.052 in pre-market trading on Binance, down 34.64% from its opening price of $0.08. Earlier news also surfaced that Binance would launch pre-market trading of LINEA/USDT perpetual contracts, supporting up to 5x leverage.

A Bitcoin whale sold another 2,000 BTC and bought 48,942 ETH

According to Lookonchain, a prominent Bitcoin whale has sold another 2,000 BTC (worth $215 million) and purchased 48,942 ETH (worth $215 million) in the past four hours. This brings his total purchases to 886,400 ETH (worth $4.07 billion).

CoinShares: Digital asset investment products saw net inflows of $2.48 billion last week, bringing the total net inflow in August to $4.37 billion.

According to CoinShares' latest weekly data, digital asset funds saw net inflows of $4.37 billion in August, bringing the total year-to-date inflows to $3.55 billion. However, assets under management (AUM) declined 10% to $219 billion. Last week, net inflows of $2.48 billion were recorded, with the United States accounting for $2.29 billion, Switzerland $109 million, Germany $69.9 million, and Canada $41.1 million. Ethereum saw inflows of $3.95 billion for the month, far exceeding Bitcoin's net outflow of $301 million. Solana and XRP, driven by expectations for US ETFs, saw inflows of $177 million and $134 million, respectively.

A Trump supporter spent $347,000 to buy 23.14 million WLFI, with a floating profit of more than $8 million.

According to Lookonchain monitoring, a Trump supporter registered the domain name "trumpisthebest.eth" and spent US$347,000 to purchase 23.14 million WLFI (now worth US$8.5 million). The current book profit has exceeded US$8 million.

Financing/Acquisition

Obita Completes Over 10 Million US Dollars in Angel Round Financing, Accelerating the Development of Stablecoin Cross-Border Payment "New Infrastructure"

Obita, an enterprise-level cross-border payment and digital financial network, announced the completion of an angel round of funding exceeding US$10 million, led by Yuanjing Capital and Mirana Ventures, with participation from renowned institutions and individuals such as Legend Capital, HashKey Capital, and Web3.com Ventures. This round of funding will be primarily used for core system development, compliance development, and market expansion, accelerating the development of a global stablecoin cross-border payment network.

Web3 video AI model Everlyn reveals it has raised $15 million in funding to date

Everlyn, a Web3 video AI model, has raised $15 million in funding to date, according to X Platform, "to build the future of cinematic-quality, on-chain video." Furthermore, the company announced that Mysten Labs has joined Everlyn as an investor, participating in a funding round that values the company at $250 million.

Institutional holdings

Japanese listed company Metaplanet increased its holdings by 1,009 BTC, bringing its total holdings to 20,000 BTC.

According to an official announcement, Metaplanet, a Japanese listed company, increased its holdings by another 1,009 BTC, bringing its total holdings to 20,000 BTC.