Compiled by: Nona
Fear & Greed Index: 50 (Greed)
Bitcoin Price: $111,263
BTC/ETH Spot ETF Fund Flows (Last Week)
BTC Net Outflow: $1.17 B
ETH Net Inflow: $237.73 M
Regulation/Macro
Japan's Finance Minister: Crypto assets could serve as part of a diversified investment portfolio, creating a suitable environment.
Japan's Finance Minister Kato Katsunobu stated that crypto assets could serve as part of a diversified investment portfolio, creating a suitable environment for crypto assets.
The Hong Kong Monetary Authority will implement the Basel crypto asset capital requirements on January 1 next year.
The Hong Kong Monetary Authority recently issued a circular confirming that starting January 1, 2026, it will fully implement new bank capital requirements based on the Basel Committee's regulatory standards for crypto assets in Hong Kong. Fei Si, a partner at King & Wood Mallesons and a lecturer at the University of Hong Kong's Faculty of Law, stated in an interview with Caixin that the new rules set the risk weight for crypto asset risk exposure using unlicensed blockchain technology at a maximum of 1250%, meaning banks must hold capital against these crypto asset risk exposures at a ratio of at least 1:1. Such high regulatory capital requirements will discourage many banks from holding such crypto assets.
Philippine congressman proposes a strategic Bitcoin reserve bill aiming to accumulate 10,000 bitcoins over five years with a 20-year lock-up period.
Philippine Congressman Miguel Luis Villafuerte has proposed House Bill No. 421 (Strategic Bitcoin Reserve Bill). This bill requires the country's central bank to purchase 2,000 bitcoins annually over five years and sets a 20-year lock-up period, allowing sales only after 20 years to repay government debt.
Project/Company Dynamics
Australia's regulator AUSTRAC has requested Binance Australia to undergo an audit due to anti-money laundering compliance issues.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has requested Binance Australia's subsidiary Investbybit Pty Ltd to appoint an external auditor within 28 days after discovering 'serious issues' with its anti-money laundering controls. The regulator noted issues such as inadequate reviews, 'high employee turnover', and insufficient local management oversight.
Insiders: Galaxy Digital, Multicoin Capital, and Jump Crypto are seeking to raise $1 billion to purchase SOL.
Galaxy Digital, Multicoin Capital, and Jump Crypto are negotiating with potential investors to raise approximately $1 billion to purchase SOL. The three companies have engaged Cantor Fitzgerald LP as the lead bank for the transaction. Insiders revealed that they plan to establish a so-called digital asset reserve company by acquiring an unnamed publicly listed company.
The Japanese SBI Group plans to construct a stablecoin payment system, which will differ from existing yen stablecoins like JPYC.
At the WebX 2025 conference held in Tokyo, Japan, SBI Holdings Chairman Yoshitaka Kitao stated that the SBI Group is leveraging its financial infrastructure to build a stablecoin payment system, considering expanding low-fee blockchain-based payment services through its existing user base of approximately 42 million securities accounts. Yoshitaka Kitao also mentioned that the SBI Group plans to adopt a unique path that differentiates itself from existing stablecoin projects like JPYC, focusing on a development strategy that complies with regulatory requirements.
Metaplanet has been included in the FTSE Japan Index.
Simon Gerovich, CEO of the Japanese listed company Metaplanet, tweeted that the company was included in the FTSE Japan Index in the assessment conducted in September.
The Story Foundation will launch an $82 million IP buyback program in the open market.
Focusing on IP, L1 Story tweeted that Nasdaq-listed Heritage Distilling (CASK) completed PIPE financing on August 15 and established an IP-centered treasury strategy. The Story Foundation will launch an $82 million IP buyback program in the open market as promised. This buyback will take place from August 15 to November 16, lasting a total of 90 days. Subsequent developments will be regularly updated to the community.
Depth & Foresight
The debate over 'whether prediction markets harm society' has sparked discussion, and Vitalik suggests introducing an 'interest mechanism'.
Prediction markets are not bankrupt casinos—they are early financial markets that will nurture natural hedgers.
Offshore 'the feast is over': from U.S. stock tax supplements to on-chain pricing power, the 'route struggle' of crypto exchanges.
With the entry of Web3 and the influx of power, crypto exchanges find themselves at a crossroads, where local compliance players are firmly established, the offshore gray area is rapidly narrowing, and on-chain DEXs are gaining momentum.
Viewpoint
A brief discussion on the transformation of the DeFi earnings market: from discovery to distribution, which types of protocols may emerge as winners?
Earnings will bring more earnings; the future DeFi earnings market winners will resemble a complete supply chain rather than a single-layer DApp.
(New York Times): How much longer can the top-heavy U.S. stock market continue to rise?
After a sharp decline in April due to the Trump administration implementing the highest tariffs since the 1930s, the S&P 500 has experienced an unexpectedly good time this year. The technology sector has been a major contributor to these gains.
