Morning News | Jack Ma may indirectly invest in ETH through Yunfeng Financial; Venus Protocol suffers an attack with losses of about 30 million USD; Gemini launches IPO, aiming to raise up to 317 million USD
Overview of Important Market Events on September 2Organizer: liec, ChainCatcher
Important News:
- EU Regulators Warn: Tokenized Stocks May Mislead Retail Investors
- Ethereum's Active Addresses in August Reach 19.45 Million, Highest Level Since 2021 Peak
- Venus Protocol Suspected Attack Results in Losses of Approximately $30 Million
- Metaplanet Shareholders Approve Plan to Raise Up to $3.8 Billion to Purchase More Bitcoin
- Ethereum Treasury Listed Company Huajian Medical Acquires 20.31% Stake in Guofu Quantum for HK$3.142 Billion to Advance RWA Exchange Strategy
- Yunfeng Financial Has Purchased 10,000 ETH in the Open Market, Total Investment Cost $44 Million
- Analysis: Jack Ma Holds Approximately 11.15% of Yunfeng Financial, Indirectly Investing in ETH
Key Data from Yesterday :
Ethereum's Active Addresses in August Reach 19.45 Million, Highest Level Since 2021 Peak
everstake.eth posted on X platform stating that Ethereum recorded 19.45 million active addresses in 2025, setting the highest monthly record since April 2021.
WLFI Top 10 Holders, Except for TOP 2 and TOP 5, Have Chosen to Take Partial or Full Profits
According to monitoring by @ai_9684xtpa, 80% of the top 10 WLFI holders have chosen to take partial or full profits, with only TOP2 and TOP5 not having transferred or sold any tokens.
TOP1 holder moonmanifest.eth has chosen to retain the vast majority of tokens, and their 1 billion tokens have seen significant paper profit decline as WLFI prices drop, but at the current price of $0.2318, they are still worth $230 million.
Venus Protocol Suspected Attack Results in Losses of Approximately $30 Million
On-chain data shows that Venus Protocol has been attacked, resulting in losses of approximately $30 million.
Project Updates from Yesterday :
Coinbase and OKX Launch Crypto Products Targeting Australia's A$4.3 Trillion Pension System
According to Bloomberg, Australia's A$4.3 trillion (US$2.8 trillion) pension system is becoming a new frontier for cryptocurrency.
The two major digital asset trading platforms, Coinbase Global Inc. and OKX, have launched products aimed at directing pension funds into cryptocurrency. According to John O'Lockren, Managing Director of Coinbase Asia Pacific, the company is about to launch a dedicated SMSF service, with a waiting list of over 500 investors. OKX's CEO for Australia, Kate Cooper, stated that demand for a similar product launched in June far exceeded expectations. OKX's product will also assist investors in setting up SMSFs through recommended accountants and law firms as third-party providers. Although there is no minimum balance requirement, ongoing management costs, including mandatory independent audits, mean that SMSFs are usually only cost-effective for large accounts.
The IEEE P3220.02 "Blockchain-Based Decentralized Storage Protocol" standard has been officially completed, led by the decentralized data infrastructure CESS Network, which confirmed the working group meeting before submission and officially submitted it to IEEE SA for review on September 1, 2025.
Binance Alpha Opened Quack AI (Q) Airdrop Claim at 15:00 Yesterday, Points Threshold 220 Points
According to the official announcement, Binance Alpha opened the Quack AI (Q) airdrop claim at 15:00 yesterday, and users with at least 220 Alpha points can claim 5,000 Quack AI (Q) tokens on a first-come, first-served basis.
This event provides a token airdrop opportunity for eligible users. Claiming the airdrop will consume 15 Binance Alpha points. If the rewards are not fully distributed, the points threshold will automatically decrease by 15 points every hour.
- Alpha trading will start on September 2, 2025, at 15:00;
- Contract trading will start on September 2, 2025, at 15:30.
Binance Alpha Will Launch Union (U) on September 4
According to the official announcement, Binance Alpha will launch Union (U) on September 4. Eligible users can go to the Alpha event page to use Alpha points to claim the airdrop after Alpha trading opens. Specific details will be announced separately.
Binance Alpha Will Launch Somnia (SOMI) at 21:30, Phase One Points Threshold 235 Points
According to official news, Binance Alpha will launch Somnia (SOMI), with Alpha trading starting at 21:30 (UTC+8) on September 2, 2025. Eligible users can use Alpha points to claim 100 SOMI token airdrops within 24 hours after trading starts on the Alpha event page.
The airdrop will be distributed in two phases:
- Phase One (first 18 hours): Users with at least 235 Alpha points can claim.
- Phase Two (next 6 hours): Users with at least 220 Alpha points can participate in the second phase airdrop on a first-come, first-served basis. If the event has not ended, the points threshold will automatically decrease by 15 points every hour.
Binance Alpha Will Be the First Platform to Launch Tradoor (TRADOOR) on September 4
According to the official announcement, Binance Alpha will be the first platform to launch Tradoor (TRADOOR) on September 4. Eligible users can go to the Alpha event page to use Binance Alpha points to claim the airdrop after Alpha trading opens.
According to the official announcement, the WLFI team announced a new governance proposal at 6:46 AM Beijing time today, proposing to use all fees generated from WLFI's own liquidity (POL) for buying back WLFI on the open market and permanently burning it. Fees from the community or third-party LPs will not be affected.
Gemini Launches IPO, Aiming to Raise Up to $317 Million
According to PR Newswire, cryptocurrency trading platform Gemini has announced the launch of its initial public offering (IPO), planning to issue 16,666,667 shares of Class A common stock, with an offering price range of $17 to $19 per share.
Underwriters may exercise an over-allotment option to issue up to an additional 2,500,000 shares. Gemini has applied to list on Nasdaq under the ticker "GEMI." Goldman Sachs, Citigroup, and others are the lead underwriters.
Cleancore Solutions Plans to Raise $175 Million to Support DOGE Treasury Strategy
New York Stock Exchange-listed Cleancore Solutions announced that it has reached a securities purchase agreement to raise $175 million through a private equity investment (PIPE) to support its DOGE treasury strategy. The transaction reportedly involves over 80 institutions and cryptocurrency-native investors, including MOZAYYX, GSR, FalconX, Borderless, Mythos, and Serrur & Co. LLC.
The issuance is expected to be completed around September 4, 2025, but must meet customary closing conditions, including but not limited to approval from the New York Stock Exchange.
Metaplanet Shareholders Approve Plan to Raise Up to $3.8 Billion to Purchase More Bitcoin
According to Cointelegraph, Japanese listed company Metaplanet's shareholders approved an increase in authorized shares and established terms for preferred shares, with a maximum issuance amount of $3.8 billion, primarily to acquire Bitcoin.
Previously, Metaplanet's shareholders approved three resolutions at an extraordinary general meeting: increasing the total number of authorized shares, allowing for virtual shareholder meetings, and establishing new terms for permanent preferred shares. The president of Metaplanet stated that the company plans to accumulate 210,000 Bitcoins by 2027.
According to the Hong Kong Stock Exchange announcement, Hong Kong Ethereum treasury listed company Huajian Medical announced the acquisition of a 20.31% stake in Guofu Quantum for approximately HK$3.142 billion to advance its RWA exchange strategy. This transaction will be paid through the issuance of consideration shares at a price of HK$9.69 per share.
Upon completion of the acquisition, Huajian Medical will become a major shareholder of Guofu Quantum and will include it in its financial statements using the equity method. This acquisition is part of Huajian Medical's strategy to advance the RWA (Real World Asset) exchange strategy, achieving a closed-loop ecosystem from the asset side to the trading side, and will lay out in the stablecoin market. In August this year, Huajian Medical announced the official launch of a global enhanced Ethereum treasury strategy with a downside protection mechanism, using Ethereum as the core reserve asset.
Bitcoin Token Protocol BRC20 Achieves EVM-like Smart Contract Functionality Through "BRC2" Upgrade
According to CoinDesk, the Bitcoin token protocol BRC20 has taken a step towards achieving Ethereum-style smart contracts.
According to an announcement disclosed on Monday, starting from Bitcoin block 912,690, this Bitcoin token protocol has integrated the Ethereum Virtual Machine (EVM) into its core logic. This upgrade, known as BRC2, was jointly completed by Best in Slot, a developer of the Ordinals protocol, and Domo, the anonymous founder of BRC20. Best in Slot CEO Eril Binari Ezerel stated that prior to the integration of EVM, protocols like Ordinals relied on "calculator-style" indexers, and with the integration of EVM, BRC20 will have Turing completeness. Domo further stated that the ultimate goal is to merge the two gold standards: Bitcoin as the most decentralized and secure network, and EVM as the most mature virtual machine, allowing users to experience Ethereum's composability and programmability while enjoying Bitcoin-level security.
BitMine's Cryptocurrency and Cash Holdings Reach $8.98 Billion
BitMine Immersion Technologies announced that its cryptocurrency and cash holdings have reached $8.98 billion, including 1.867 million Ethereum (valued at $4,458 each), 192 Bitcoins, and $635 million in cash.
Strategy Acquires 4,048 Bitcoins for $449.3 Million
According to Jin10, Strategy purchased 4,048 Bitcoins for a total price of $449.3 million between August 26 and September 1.
SharpLink's Ethereum Holdings Increase to 837,230, Valued at Approximately $3.6 Billion
SharpLink announced on the X platform that after acquiring 39,008 ETH at an average price of approximately $4,531, the company's Ethereum holdings have increased to 837,230, valued at approximately $3.6 billion.
Yunfeng Financial Has Purchased 10,000 ETH in the Open Market, Total Investment Cost $44 Million
According to Jin10, Yunfeng Financial announced that its board of directors has approved the purchase of ETH in the open market as a reserve asset.
As of the announcement date, the group has cumulatively purchased 10,000 ETH in the open market, with a total investment cost (including fees and expenses) of $44 million. The funds for this purchase come from the group's internal cash reserves, and the purchased ETH is listed as investment assets in the group's financial statements.
Analysis: Jack Ma Holds Approximately 11.15% of Yunfeng Financial, Indirectly Investing in ETH
According to public data, Alibaba founder Jack Ma indirectly holds approximately 11.15% of Yunfeng Financial through Yunfeng Fund, holding 29.85% in Yunfeng Financial Holdings Limited and 40% in Shanghai Yunfeng New Ventures (without voting rights).
Today, Hong Kong-listed Yunfeng Financial (00376.HK) announced that its board of directors has approved the purchase of ETH in the open market as a reserve asset. As of the announcement date, the group has cumulatively purchased 10,000 ETH in the open market, with a total investment cost (including fees and expenses) of $44 million. The funds for this purchase come from the group's internal cash reserves, and the purchased ETH is listed as investment assets in the group's financial statements.
Due to the complex equity structure with multiple layers of nesting, and currently no latest announcement accurately calculating Jack Ma's indirect holding percentage in Yunfeng Financial, the 11.15% shareholding ratio may fluctuate and is the minimum ratio calculated based on the latest available announcements.
Hong Kong-listed Delin Holdings today released a supplementary announcement, disclosing that it has subscribed to equity in Asseto Holding Limited, as well as the group's management fund's subscription to shares in Pangu Software Pte Ltd.
Delin Holdings stated that the valuation after the Asseto equity subscription transaction is $40 million, with a holding of 77,352 Class A common shares, while the subscription amount for Pangu Software Pte Ltd is $1 million. The two parties will jointly build a digital asset platform covering tokenized assets in both virtual and real worlds.
Listed Company Propanc Biopharma Plans to Acquire $100 Million in Ethereum
Biopharmaceutical company Propanc Biopharma (NASDAQ: PPCB) announced plans to acquire $100 million worth of Ethereum within the next 12 months.
The company stated that this move will enhance its corporate strategy in cryptocurrency investment, drug development, and asset acquisition.
Deutsche Bank Increased Holdings of Strategy Stock Worth $47 Million in Q2
According to BitcoinTreasuries.NET, Deutsche Bank AG purchased $47 million worth of Strategy (stock code: MSTR) stock in the second quarter and currently holds 658,725 shares, valued at over $220 million at the current market value.
Investment and Financing Updates from Yesterday
Ether Machine Raises $654 Million Worth of Ethereum Through Private Financing
According to Reuters, Ether Machine has raised $654 million worth of Ethereum through private financing, as the cryptocurrency company expands its financial strategy and prepares to go public on Nasdaq later this year.
The company stated that 150,000 Ethereum invested by long-term supporter Jeffrey Berns will be deposited into its wallet later this week, and Jeffrey Berns will also join the company's board.
On-chain Credit Platform Creditlink Announces Strategic Investment from Four.meme
According to official news, on-chain credit rating platform Creditlink announced that it has received a strategic investment from Four.meme, with the investment amount undisclosed. Meanwhile, Four.meme will explore introducing token health reports and user credit ratings provided by Creditlink into the platform's future ecosystem.
Tron Inc. (NASDAQ: TRON) announced that its largest shareholder Bravemorning Limited exercised warrants worth $110 million, adding 312,500,100 TRX tokens to the company, bringing the total value of the company's TRX token inventory to over $220 million.
After this transaction, Bravemorning's total investment in Tron Inc. increased to $210 million, with a shareholding ratio of 86.6%, further consolidating its controlling position and demonstrating confidence in the company's long-term development.
SonicStrategy Receives $40 Million Investment from Sonic Labs
SonicStrategy announced that it has received a $40 million investment (approximately CAD 55 million) from Sonic Labs. This round of funding will be used to expand the team, drive product development, and accelerate market expansion.
Sonic Labs stated that this investment aims to support SonicStrategy's innovative development in the Web3 field.
Anthropic Completes New Round of Financing, Valuation at $183 Billion
Market news: AI company Anthropic has completed a new round of financing, with a valuation of $183 billion.
Regulatory & Policy Updates from Yesterday
The South Korean Ministry of Finance will announce the specific implementation regulations for the Cryptocurrency Asset Automatic Information Exchange System (CARF) within this month.
This system will enable automatic exchange of cryptocurrency trading information between South Korea and 47 other countries. According to the agreement, South Korean cryptocurrency exchanges (such as Upbit, Bithumb, etc.) will report personal information and trading data of foreign investors to tax authorities starting in 2026. Countries will obtain their investors' overseas trading records through the OECD system. Although information sharing will officially start in 2027, trading records from 2026 will also be included in the sharing scope. The South Korean Ministry of Finance stated that this move aims to enhance tax transparency and prevent cross-border tax evasion and is not directly related to cryptocurrency taxation policies. Currently, countries like the United States and Germany have begun implementing cryptocurrency taxation, while South Korea's cryptocurrency income tax collection has been postponed until 2027.
EU Regulators Warn: Tokenized Stocks May Mislead Retail Investors
According to market news, Natasha Cazenave, Executive Director of the European Securities and Markets Authority (ESMA), stated that tokenized stocks, as a new type of digital asset, are linked to the stock prices of listed companies but may create a false sense of ownership for investors, thereby undermining market confidence.
Cazenave warned that many tokenized stock products currently promoted in the EU do not grant investors actual shareholder rights, such as voting rights or dividend distribution rights. She stated that due to the lack of transparency in the presentation of these assets, retail investors may mistakenly believe they own company stocks when they do not. Although tokenization has characteristics such as fractional share trading and 24/7 market access, the absence of ownership rights brings a "specific risk of investor misunderstanding." Supporters argue that tokenization can drive financial modernization by lowering costs and broadening access to assets (covering various assets from stocks and bonds to real estate).
She pointed out that most existing projects are limited in scale and lack liquidity, far from achieving the efficiency improvements claimed by supporters.
India to Implement OECD's Cryptocurrency Reporting Framework Starting in 2027
According to Business Standard, a senior official from India's Ministry of Finance revealed that India will implement the OECD's Cryptocurrency Asset Reporting Framework (CARF) starting April 1, 2027, bringing the overseas cryptocurrency assets of its residents under tax regulation.
He stated that India is expected to sign the Multilateral Competent Authority Agreement (MCAA) next year—this agreement is a global framework for the automatic exchange of tax information. The official clarified that although India signed the MCAA agreement for financial account information in 2015, a separate agreement under the CARF framework is still needed for cryptocurrency assets. To ensure completion of deployment before the 2027 deadline, relevant legislative amendments and system preparations have been fully initiated.
Meme Popularity Rankings
According to the meme token tracking and analysis platform ++GMGN++, as of September 2, 09:30:
The top five popular Ethereum tokens in the past 24 hours are: USDUT, LILPEPE, MHRD, CHOW, FOMO
The top five popular Solana tokens in the past 24 hours are: LILPEPE, QUANTUM, $MIKU, CPRI, ANDREA
The top five popular Base tokens in the past 24 hours are: Newsom, EDOG, SHADOW, ZORA, SKITTEN
"What Are the Must-Read Articles in the Past 24 Hours"
10 Recent Airdrops Worth Noticing: The Evolution from "Yield Farming" to "Real Users"
As market noise decreases, rewards should not be overly diluted as before.
The rules are different now—you must continuously use the protocol; a single transaction is no longer enough. Teams are more inclined to reward real users rather than mere "airdrop hunters" (ironically, this change makes it harder to simply farm rewards).
NBER | Using Models to Reveal How Digital Economy Expansion Reshapes Global Financial Landscape
This article focuses on the impact of digital economy development on the core position of U.S. debt in global financial markets and the role of stablecoins. U.S. government debt maintains low interest rates for dollar-denominated assets due to its liquidity, convenience, and value storage functions, while stablecoins, as a special type of cryptocurrency, are pegged to the dollar or reserve currencies and have relatively stable value. Although their market size is currently smaller than U.S. Treasury bonds, significant growth is expected in the future, potentially changing the holding situation of dollar-denominated assets and U.S. government debt.
ArkStream Capital: A Guide to the Rebirth of Crypto VC, Why It's Hard to Outperform BTC
How long has it been since you heard the term Web 3? From "Web 3" back to "cryptocurrency" narratives, investment institutions in the cryptocurrency market are undergoing a massive reshuffle, and we are witnessing it all.
Why do some project teams still choose these accounts, knowing the habits and tricks of certain foreign KOLs? The answer lies in the demand creating the market.
Some projects prefer this "get-rich-quick" audience, and some accounts mentioned earlier perfectly attract this audience: they lack independent research capabilities, believe more in tips and luck, and try to discover an undervalued gem. Often, such KOL accounts are defined as "more commercially valuable" in a marketing market where bad money drives out good.
Risk warning
Risk warning
