allocation

The hedge fund Bridgewater's China business department informed investors that the institution's bullish stance on gold has decreased and that it holds a cautiously optimistic view on the domestic Chinese stock market. The Shanghai-based hedge fund stated in a letter to investors in September that it has gradually reduced its previously overweight position in gold.Bridgewater China noted that rising interest rates have increased the opportunity cost of holding gold, while rising oil prices have suppressed demand from energy-importing countries like India. The institution also expressed optimism about Chinese assets, believing that the current stock market valuation is not high, the policy direction is favorable for long-term capital formation, and that there may be more funds flowing into the stock market in the future against a backdrop of lower bond yields.

Recently, TRON founder Justin Sun shared his views on personal assets outside of TRON during a 3.5-hour offline discussion with Jin Ming. The core configuration points are as follows:BTC: As a base asset, there has been no reduction in holdings over the past year. Although concerned about the impact of quantum computing and AI algorithms, believing the market has not fully priced in the related risks, he still insists on holding and has adopted a cold wallet sheltering mode for isolation.ETH: Reduced holdings by about 80%-90% in the $3600-$4000 range last year, currently retaining only about 20% of the base asset for observation, and has not repurchased. Most of the funds from the reduction have been transferred to U.S. stocks.NVIDIA: Main position in U.S. stocks, positioned as a base asset in the AI field, heavily invested and not reduced.NASDAQ 100: Heavily held. Slightly bearish in the medium term (due to capital clustering, high interest rates, etc.), but no short positions taken, and the position is retained.A-shares: No holdings. Overall bearish on traditional assets, more inclined towards AI applications and Web3 directions.In the interview, Justin Sun emphasized that ETH is an aggressive asset, BTC is a base asset, and he is optimistic about applications in AI health management, while being bearish on certain hardware sectors. The above is a summary of the interview points, not a complete balance sheet.

Ant International and Huaxia Fund (Hong Kong) jointly announced that Ant International has recently completed the allocation of the Huaxia Renminbi Digital Currency Fund (3461.HK / 83461.HK) and has incorporated it into its treasury allocation.The related fund transfer was initiated by Ant International at the Shanghai Pudong Branch of China Construction Bank, with digital renminbi assets being transferred in real-time from Shanghai to Hong Kong, ultimately deposited into the relevant account at Standard Chartered Bank (Hong Kong), and the fund allocation completed in offshore renminbi, achieving a full-link connection for cross-border allocation of digital renminbi and investment in offshore renminbi assets.The announcement stated that this practice opens up the channel for offshore asset management of digital renminbi and corporate treasury applications, and verifies the feasibility of digital renminbi in the cross-border fund allocation scenario between Shanghai and Hong Kong. The above news was reported by Huang Xinyi from the Science and Technology Innovation Board Daily.

Multi-chain DEX Jumper announced the JUMP token sale allocation plan. This sale received approximately $48.614 million in purchase commitments from 9,690 participants, exceeding the initial target of $2 million by 24 times, with a final accepted amount of $3 million.In the final allocation, $1.64 million, accounting for about 55% of the total sales, is allocated to the community wallet, primarily determined by the Jumper Loyalty Pass (JLP) levels and rankings, with long-term, deeply engaged users receiving higher priority.The second largest allocation category is strategic contributors, including angel investors, developers, traders, and content creators; an additional 5% allocation is given to Republic participants. The waitlist category covers the top 500 participants, with rankings determined by a combination of Legion Score and referral status, placing more emphasis on Legion Score.Existing Jumper users can improve their priority through waitlist rankings, but different weights do not stack and only apply to their highest qualifying tier.

During a conversation with Cointelegraph's multimedia director Ciaran Lyons at the Token2049 conference in Singapore, Kevin Lee, Chief Strategy Officer of the cryptocurrency exchange BingX, stated that wealthy "old money" investors have a longer holding period for Bitcoin compared to many crypto-native traders. He mentioned that he has encountered a large number of "old money" clients seeking alternative investments, saying, "Their diamond hands are stronger than any of ours." Lee pointed out that Bitcoin has grown large enough that wealthy investors are increasingly viewing it as a tool for diversifying their portfolios rather than expecting it to "increase tenfold in two weeks."Lee sees wealthy investors as an underdeveloped source of crypto capital, believing that their buy-and-hold strategy could make Bitcoin a diversification tool for more investors. He cited examples where investors allocate 5% to gold and another 5% to Bitcoin, rather than chasing short-term quick returns. A survey released by CoinShares on Monday, targeting 2,230 investors with investable assets of at least $500,000, showed that long-term appreciation and diversification are the primary reasons for investing in crypto assets, while short-term speculation ranked last. Among the surveyed digital asset investors, 80% hold Bitcoin.However, crypto assets are still far from becoming a standard allocation for wealthy families. A survey conducted by JPMorgan in February, based on 333 single-family offices across 30 countries, revealed that 89% of family offices have no exposure to crypto assets, with an average allocation to crypto and digital assets of only 0.4%. Only 17% of respondents consider crypto and digital assets as key investment themes.

CoinShares' latest survey shows that among wealthy investors in the United States, United Kingdom, France, Germany, Italy, Sweden, and Switzerland, the majority already hold cryptocurrency assets, averaging about 10% of their portfolios. The survey covered 2,230 investors with at least $500,000 in investable assets, with Sweden's cryptocurrency holding rate at 54%, while the rates for the United States, United Kingdom, Germany, and Switzerland are around 70%.Among investors who already hold digital assets, at least 85% in five of the seven countries indicated plans to increase their holdings by 2026, with the proportion reaching 91% in the United States, United Kingdom, and Germany. The decline in the cryptocurrency market in February this year did not significantly weaken investment willingness; among respondents from the seven countries, more believed that the market sell-off actually increased their willingness to invest than those who felt it decreased their willingness. The survey indicates that long-term appreciation and asset diversification are the main reasons for investing in cryptocurrency assets, with only 6% of respondents primarily viewing themselves as short-term traders.Bitcoin remains the most widely held digital asset, with an average of 80% of cryptocurrency investors holding BTC; 77% of respondents believe BTC will play an important role in the future global financial system, and 79% support strengthening regulation of the digital asset market. Meanwhile, about 40% of respondents in Switzerland, France, the United States, and Germany who work with financial advisors believe that advisors are overly cautious about digital assets. CoinShares stated that the interest of wealthy investors in cryptocurrency assets is forming a stark contrast to the cautious attitude of the traditional wealth management industry.

The on-chain asset economic relationship management platform Solomon announced that Colosseum, Theia, DBA, and Anagram have supported the project by holding SOLO. These institutions became holders at different stages of Solomon's development, with some participating in its public offering and others acquiring SOLO through market purchases or over-the-counter transactions, and many institutions subsequently increased their holdings.Solomon stated that the project is built around public ownership, with institutional supporters and individual holders using the same ownership and governance tokens, and jointly focusing on the long-term development of the business. As more financial assets are brought on-chain, companies need to systematically manage related revenues, incentives, and obligations, including qualification verification, payment calculations, and policies applicable across products, customers, and jurisdictions.According to reports, issuers and applications can configure revenues, rewards, dividends, and other distributions on the Solomon platform while retaining control over qualifications, distributions, approvals, and business relationships. USDv is an early implementation of this scheme, allowing qualified holders to receive rewards without the need to stake, wrap, or lock up their assets. Solomon's next step will be to serve more issuers and enterprises and expand the use of USDv in trading pairs, vaults, and applications.

According to The Block, cryptocurrency mining company Fortitude has secured a priority procurement quota for Bitmain's next-generation Zcash mining machines, with both parties reaching a non-binding commitment that could potentially amount to up to $100 million.Under the agreement, the relevant mining machines are expected to begin delivery in the second quarter of 2027, with the specific timing still dependent on final product specifications and pricing arrangements. It is reported that this collaboration will help Fortitude to strategically position itself for the new generation of Zcash mining equipment and further expand its infrastructure capabilities in the privacy coin mining sector.

According to Cointelegraph, Japanese investment and Bitcoin treasury company Metaplanet announced a revised capital allocation policy, proposing to invest 10% to 15% of total assets into strategic investments, including mergers and acquisitions and income-generating assets. It also launched a net interest income strategy to allocate capital to income-producing assets, using net interest income to support Bitcoin accumulation and dividend payments. Bitcoin remains its core treasury reserve asset, accounting for 85% to 90% of total assets. The company stated that this move aims to enhance financing capability and credit quality to increase the Bitcoin holdings per share.As this financing model was introduced, shareholders expressed concerns about Metaplanet's governance and complex capital structure. The company released five corrected securities filing documents last Friday, clarifying that CEO Simon Gerovich does not hold a majority voting power in Metaplanet shareholder MMX Ventures.Anonymous shareholder Bitcoin Pharaoh subsequently called for the company to clearly disclose the ownership of MMX Ventures, explain the 23.8% shares registered as indirectly held by Gerovich, and reveal the identities of two unnamed executives who exercised 18.8 million shares from the 10th stock option pool.In early September this year, management faced criticism from shareholders for expanding the 10th executive stock option pool from 46 million shares to nearly 319.5 million shares. On September 11, Metaplanet proposed to reduce the option pool by 41%, decreasing potential shares by 131.3 million to 188.19 million shares, and resetting the conversion ratio from 1:696 to 1:410.

According to Lookonchain, Strategy transferred 3,568 BTC in the past 9 hours. Arkham analyst Emmett Gallic stated that these transactions were neither sales nor external transfers, but rather normal fund allocations within the Fidelity custody system.Fidelity treats all BTC deposited by clients as interchangeable assets and will transfer funds as needed. The relevant addresses have been marked as Fidelity addresses on Arkham.

The London-listed technology company The Smarter Web Company has allocated 2,710,442 shares of common stock according to the terms of the subscription agreement.The total amount raised from this allocation is £1,891,933 (before expenses), equivalent to approximately £0.7 per share, and the company will receive about 98.25% of the funds as settlement. The remaining balance of common stock that has not been allocated under the subscription agreement is 41,213,788 shares.

The on-chain digital credit protocol Saturn Foundation announced that the STRN token generation event (TGE) is scheduled to take place in the fourth quarter of 2026, with a maximum of 5% of the total reserved token supply for distribution during the second season.If the TGE occurs before December 8, 2026, the second season will end shortly before the TGE and a snapshot will be completed. If the second season ends early, the TGE allocation will be proportionally reduced based on the actual duration of the event, and any unallocated portion will be returned to the Saturn ecosystem allocation for future seasons. For example, if the event completes 75% of the originally scheduled period, only 75% of the reserved allocation will be distributed.After the second season snapshot is completed, the third season will begin immediately; eligible positions can continue to earn second season points until the snapshot, and users do not need to take any action at this time. The specific token economic model, distribution, and claiming arrangements will be disclosed in subsequent announcements.

The on-chain derivatives protocol Variational announced that the Token Generation Event (TGE) for the token $VAR is scheduled for the fourth quarter of 2026. The initial token distribution includes 32% genesis allocation, 18% ecological reserve, and 50% for team and investor shares. The genesis tokens will be airdropped according to the proportion of Variational points held and will be 100% unlocked at TGE; the ecological reserve will be retained by the Variational Foundation for ecological growth and distributed at its discretion.The team and investor tokens will be locked for 12 months after TGE, followed by a minimum unlocking period of three years. Team members are also subject to individual vesting arrangements, and the specific shares for both parties will be announced before TGE. Variational stated that it plans to use all revenue directed to the treasury for the repurchase and destruction of $VAR. Weekly point distribution will continue until TGE, with 150,000 points distributed each week; accounts must hold at least 1 point to qualify for signing terms and receiving the genesis allocation, and any unclaimed portion will be destroyed.Variational originally planned to end the points program in the third quarter of 2026 and subsequently launch $VAR, but this timeline has been delayed due to significant strategic partnerships. In the final weeks before TGE, the project will conclude private testing, launch Omni on the public mainnet, expand exchange functions, and release trading APIs, while also announcing details on repurchase and token usage, and disclosing the impact of new partnerships on Omni, Pro, and traditional financial markets on-chain when conditions permit.

The digital credit protocol Apyx announced on September 23 that the TGE of the governance token APYX has been postponed to after the originally scheduled date of October 13, 2026, when rewards were planned to be distributed to Season 1 and Season 2 participants. The reasons for the delay are twofold: the core reserve asset STRC has experienced the deepest and longest drawdown in its brief history, the protocol has not been interrupted, and the Chainlink on-chain NAV, proof cadence, minting, and redemption are still operating under existing terms, but the volatility of digital credit exceeds the range shown by its short history, requiring more time to address; multiple institutions have proactively reached out, hoping to use their infrastructure to bring their assets on-chain.The additional time will be used to strengthen the core protocol and to build a broader RWA platform V1 before the TGE. Digital credit remains the reserve anchor and source of yield for apyUSD, with custody, proof, on-chain NAV, redemption, and compliance frameworks being opened to other issuers and asset types. Apyx stated that the zero-fee, instant redemption, government bond-backed aptUSD has been launched, making it the first asset in the ecosystem not derived from digital credit. The Pips plan will continue, and Season 2 will no longer end on the originally scheduled date of October 11; the accumulation under the existing multiplier will remain uninterrupted, and positions, commitments, Curve and Pendle positions, and lending positions will continue to score without any action required.Due to the extended accumulation period, the airdrop allocation for Season 2 has increased from 6% of the total supply to 9%. The new end date will be confirmed along with the new TGE date, and it will not end without prior notice. The allocations for Season 1 and Season 2 will still be fully unlocked at the TGE.

Bitcoin News posted on the X platform that Bloomberg senior commodity strategist Mike McGlone stated that U.S. Treasury bonds with a 5% yield now have the value to sell Bitcoin for allocation.

According to SoSoValue data, as of 8 AM Eastern Time on September 21, 2026, last week, global publicly listed companies (excluding mining companies) shifted from net selling to net buying of Bitcoin, with a net purchase amount reaching $183 million in a single week.Strategy (formerly MicroStrategy) purchased 950 Bitcoins last week at a price of $79,670, spending approximately $75.7 million, bringing its total holdings to 846,000 Bitcoins, marking its first purchase in two weeks.The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking ten consecutive weeks without purchases.Additionally, two other companies announced Bitcoin purchases or holdings last week. Ethereum asset company Bitmine announced the purchase of 1 Bitcoin after 8 AM Eastern Time on September 14, without disclosing the specific purchase amount, bringing its total holdings to 212 Bitcoins; asset management company Strive announced on September 21 that it spent approximately $108 million last week to purchase 1,355 Bitcoins at a price of $79,475, bringing its total holdings to about 26,355 Bitcoins.As of the time of publication, the total amount of Bitcoin held by the global publicly listed companies (excluding mining companies) in the statistics is 1,156,080 Bitcoins, an increase of 2.67% compared to last week, with a current market value of approximately $9.865 billion, accounting for 5.8% of Bitcoin's circulating market value.

As we enter the late third quarter of 2026, TSMC's 3nm and 2nm advanced process and CoWoS advanced packaging capacity continue to be in high demand. NVIDIA and Apple continue to dominate the resources for advanced processes and packaging; Amazon AWS's Annapurna has recently increased its AI self-developed chip production, securing more 3nm capacity. MediaTek, in addition to mobile chips, is also competing for 2/3nm process and CoWoS-S/L capacity with large orders related to Google TPU.There are reports that TSMC has recently readjusted its capacity allocation. After MediaTek secured a large order from Google TPU, the next-generation TPU v9 will simultaneously use TSMC's CoWoS-L and Intel's EMIB-T, which has slightly adjusted MediaTek's 3nm and 2nm capacity arrangements. Currently, TSMC's main customer for 3nm is NVIDIA, which is expected to surpass Apple to become the largest customer by 2025; the demand for 2nm is primarily from Apple and others. After AWS increased Annapurna's production, its 3nm and CoWoS configuration priority has improved.Starting in early 2026, TSMC will accelerate capacity expansion, with the 2nm monthly capacity of Hsinchu Baoshan Fab 20 and Kaohsiung Fab 22 reaching 50,000 wafers each by the end of October, totaling about 100,000 wafers; by the end of October, the monthly capacity for 3nm in Tainan Science Park is about 185,000 wafers. As of the end of September, the overall capacity utilization rate is about 96.2%, with 100% utilization for processes below 16/12nm down to 2nm. The shortage of CoWoS supply has driven advanced packaging orders to overflow, with the priority for orders going to ASE Group's Siliconware Precision Industries first, followed by Amkor, and Chipbond, among others. Chipbond's related testing and packaging capacity is fully loaded, with order visibility extending to 2028.

According to a report by the Korean News Agency, Park Woo-yeol, the chief researcher at Shinhan Financial Investment, stated that the traditional "60% stocks + 40% bonds" strategy has weakened due to the rising correlation between stocks and bonds, and he recommends allocating 8% to alternative assets and 2% to digital assets.His analysis shows that a combination of gold and Bitcoin configured at an 8:2 ratio performs relatively well on a risk-adjusted basis.