1.WLFI: A total of 272 wallet addresses have been blacklisted, of which 79% are related to phishing attacks.
WLFI stated that in the past few days, a total of 272 wallet addresses have been blacklisted, representing a very small proportion of total holders, aimed at preventing asset theft and assisting users in regaining control. Among them, 215 addresses are related to phishing attacks, and WLFI intervened in advance to prevent hackers from transferring funds; 50 addresses were proactively reported by users after being stolen and requested to be frozen; 5 were temporarily reviewed due to high-risk exposure; 1 is under internal investigation for suspected embezzlement of others' assets. WLFI emphasizes that bans will not be imposed for normal transaction behavior, and reviews are based solely on on-chain security signals, with results made public after the review is completed.
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2. A certain whale address closed all its ETH long positions, incurring losses of over $36 million
Whale address 0xa523 closed all its ETH long positions, incurring losses of over $36 million. Subsequently, the whale turned to short BTC and used 25x leverage. It currently holds 1,107 Bitcoins, valued at $122.4 million.
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3. Movie2K is suspected to still hold 45,000 Bitcoins, valued at nearly $5 billion
The German government acquired approximately 50,000 Bitcoins from the operators of the piracy website Movie2K through a 'voluntary transfer' method at the beginning of 2024, and sold the batch of BTC at an average price of $57,900 between June and July 2024, recovering $2.89 billion. However, Arkham identified another batch of about 45,000 Bitcoins (currently valued at nearly $5 billion) that remain in over 100 wallets, linked to Movie2K's early addresses, which have not moved since 2019 and were not mentioned or included in the disposal statement by the German government.
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4. Terraform Labs co-founder Do Kwon's claim for payment of 19.4 million Singapore dollars for a luxury house in Singapore was rejected.
Terraform Labs co-founder Do Kwon once set his sights on a $38.8 million luxury apartment on Orchard Road in Singapore before the cryptocurrency crash and paid about $19.4 million for the option fee, but the deal ultimately failed to complete, and the funds were confiscated by the developer. Do Kwon entrusted his wife to pursue the claim in the Singapore High Court, but the judge dismissed the claim. The apartment was subsequently resold for about $34.5 million.
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5. Industry insiders: If Hong Kong stablecoins are used as value transfer tools for cross-border payments, they need to apply for a customs MSO license.
With the rapid development of stablecoins globally in the first half of the year, many believe that stablecoins bring more imagination space for the internationalization of the Renminbi. With the Hong Kong (stablecoin regulation) taking effect on August 1, 2025, discussions about using Renminbi stablecoins to counter US dollar hegemony are endless. A practitioner in cross-border trade blockchain technology in Hong Kong stated that according to relevant regulations, if stablecoins are used as value transfer tools for cross-border payments, the exchange of stablecoins for fiat currency or remittance functions fall under the Money Service provisions of the Anti-Money Laundering Ordinance, and an MSO (Money Service Operator) license issued by Hong Kong Customs must be applied for.
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6. Wu Says Weekly Selection: Jack Ma's affiliated company purchases Ethereum, the Trump family project freezes Justin Sun's address, 77 companies apply for Hong Kong stablecoin licenses, and Top10 news
Top 10 News of the Week
1. Yunfeng Financial: Has purchased 10,000 ETH, with a total investment cost of $44 million link
Yunfeng Financial announced that its board has approved the purchase of ETH in the open market as reserve assets. As of now, the group has purchased a total of 10,000 ETH, with a total investment cost of $44 million, funded by internal cash reserves. The purchased ETH will be listed as investment assets in the financial statements. Alibaba founder Jack Ma is an important related person of Yunfeng Financial.
Yunfeng Financial Group Limited previously announced a strategic partnership with Ant Group and a strategic investment in the RWA public chain project Pharos. The two parties will jointly expand applications in the field of Web3, such as tokenization of real-world assets (RWA), based on Pharos' high-performance public chain. This cooperation will strengthen the digital financial layout, with all parties being independent third parties.
2. The Hong Kong Monetary Authority: Only a small number of licenses will be issued in the initial stage of the stablecoin regulation
The Hong Kong Monetary Authority stated that as of the end of August, it had received 77 applications for stablecoin issuer licenses, with applicants from banks, tech companies, securities/asset management companies, e-commerce, payment institutions, and Web3 startups. The authority reiterated that only a small number of licenses would be issued in the initial phase of the regulation's implementation and advised well-prepared institutions to submit formal applications before the end of September. The authority emphasized that submitting an intention or application does not constitute any approval or recognition and warned the public to be cautious of unlicensed stablecoin promotional activities.
Hong Kong Legislative Council member Wu Jiezhuang stated that the Hong Kong stablecoin regulation is very strict, and the number of licenses issued is very limited. A license may be issued early next year. Additionally, the Legislative Council will expedite the legislative process for offline OTC next year. Wu Jiezhuang believes that data assets have already become a trend, and many countries and enterprises have included data assets, including Bitcoin, into their reserves.
3. Chainalysis: India and the US lead the 2025 global cryptocurrency adoption index link
Chainalysis' (2025 Global Cryptocurrency Adoption Index) shows that India, the US, and Pakistan rank in the top three, while Vietnam and Brazil rank fourth and fifth. The report states that on-chain crypto transaction volumes in the Asia-Pacific region increased by 69% year-on-year in the past year, making it the fastest-growing region, with India, Vietnam, and Pakistan playing significant roles. Latin America ranks second with a growth rate of 63%.
4. US SEC and CFTC joint statement supporting registered platforms to conduct crypto spot trading link
The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement on September 3, clearly supporting registered trading platforms to conduct trading of certain crypto spot assets, marking the beginning of the two regulatory agencies' progress toward the acceptance path of the crypto market under existing regulations before Congress completes market structure legislation. The statement noted that SEC-registered national securities exchanges (NSE), CFTC-registered designated contract markets (DCM), and foreign trading platforms (FBOT) are not prohibited from providing crypto spot product trading services, and relevant platforms can proactively contact the two agencies to discuss advancement details.
5. European Central Bank President calls for addressing risks posed by non-EU stablecoins link
European Central Bank President Lagarde called on EU policymakers to address regulatory gaps in stablecoins, particularly for non-EU stablecoins not included in the EU MiCA framework. She emphasized that if stablecoin issuers do not establish a 'robust equivalent mechanism' in their jurisdiction of origin, they should not be allowed to operate in the EU, and the mechanism should ensure that EU investors can redeem at par and that issuers provide sufficient reserves.
6. Founder of Bridgewater Associates: Cryptocurrencies may become alternative currencies when the supply of dollars increases and demand decreases link
Ray Dalio, founder of Bridgewater Associates, publicly released the complete Q&A in response to an interview report by the Financial Times, emphasizing that the risks of US debt and inflation have entered the tail end of a 'big cycle.' He pointed out that if the Federal Reserve's independence is weakened, the value of bonds and the dollar will face pressure, and international funds have increased their gold holdings and reduced US Treasury bonds. At the same time, Dalio stated that cryptocurrencies, due to limited supply, may become alternative currencies when the supply of dollars increases and demand decreases, as their value is attractive compared to fiat currencies.
7. Mastercard's European crypto head: does not rule out the possibility of developing its own blockchain in the future link
Mastercard's European crypto head Christian Rau stated in an interview with The Big Whale that the company views cryptocurrency as a potential payment technology rather than a revolution, with the strategy still centered on 'secure, compliant payments.' Mastercard has launched crypto account debit cards and on/off-ramp services and collaborates with MetaMask, Bitget, and MoonPay to promote merchant crypto payments. Rau stated that stablecoins are useful clearing tools that can improve cross-border payments but cannot replace compliance and dispute protection of traditional networks. As for whether they will launch their own blockchain, Rau stated that there are currently no public plans but does not rule out that possibility.
8. Coinbase CEO: Engineers not using AI tools will be fired link
Coinbase CEO Brian Armstrong tweeted that about 40% of the code written daily at Coinbase is generated by artificial intelligence. I hope this proportion can exceed 50% by October. Obviously, this code needs to be reviewed and understood, and not all areas of the company can use AI-generated code. But we should maximize the use of this technology responsibly.
According to Fortune, Coinbase CEO Brian Armstrong required engineers to complete familiarization with AI programming assistants (GitHub Copilot, Cursor) within a week, and those who do not comply will be fired. He stated that this move aims to rapidly promote AI across the company, with currently about one-third of the code being completed by AI, with a goal to raise this to 50% by the end of the quarter. Coinbase also holds monthly 'AI boot camps' to strengthen the application of AI in engineering and other teams.
9. Ondo has launched over 100 US stock and ETF tokens on Ethereum and plans to support BNB Chain and Solana link
Ondo Finance announced the launch of Ondo Global Markets, which has released over 100 US stock and ETF tokens on Ethereum and will soon support BNB Chain and Solana. The Ondo Global Markets platform is open to qualified investors from the Asia-Pacific, Europe, Africa, and Latin America, but excludes retail and institutional participants from the US and the UK. Tokenized stocks and ETFs can be transferred peer-to-peer on-chain 24/7. Ondo will also integrate with Block Street to introduce scaled lending, shorting, and hedging.
The Ondo tokenization platform supports 104 types of assets. Ondo Finance: The Deployer has deployed these 104 stock tokens from July 23 to August 13. Users on the platform can use USDC to purchase Ondo stock tokens, and within the transaction, USDC will first be exchanged for Ondo stablecoin USDon, and then the corresponding stock tokens will be minted for the users from Null: 0x00…0000; when sold, the stock tokens will be destroyed from Null: 0x00…0000, and the corresponding USDon will be exchanged back to USDC for the users.
According to the Ondo Finance official panel, on the first day of launch, the trading volume of Ondo Global Markets stock tokens reached $26.4 million, mainly from purchases on the platform (i.e., minting). Currently, the AUM of Ondo Global Markets stock tokens exceeds $26.5 million, with both SPDR S&P 500 ETF and iShares 20+ Year Treasury Bond ETF having AUM exceeding $2 million.
10. WLFI token officially launched on September 1, Justin Sun's address frozen link
World Liberty Financial announced that the WLFI token will officially launch on September 1, with an initial circulation of approximately 24.67 billion tokens, about 24.7% of the total tokens. This includes 10 billion ecological funds, 7.78 billion allocated to Alt5 Sigma (accounting for 8% of total supply), 2.88 billion for liquidity and market promotion, and 4 billion for the first unlock portion for public users. The remaining over 75 billion tokens are still locked. WLFI stated that it has coordinated calibration with CoinMarketCap.
The Trump family added approximately $5 billion to their net worth due to the trading of a new token WLFI launched by their flagship crypto project World Liberty. Trump's three sons are co-founders, while Trump himself is titled 'honorary co-founder.' The family currently holds less than a quarter of WLFI tokens. WLFI is likely to have become the Trump family's most valuable asset, surpassing their decades-long real estate portfolio.
The Trump family crypto project World Liberty Financial (WLFI) clarified the previous transaction regarding 'the treasury wallet has destroyed 47 million WLFI tokens': 'There are some misunderstandings about the WLFI tokens unlocked in the Safe; WLFI has no plans to sell these tokens on the open market. The allocation of this portion of tokens is solely determined by community governance voting—how to use them is decided by the community. The treasury token situation is as follows: 1. Initial amount was 10 billion WLFI; 2. 47 million WLFI was destroyed yesterday (governance decision); 3. Current balance is 9.953 billion WLFI. All these tokens are governed by community governance, not decided by the team.'
On Friday, on-chain data showed that the World Liberty Financial-controlled address 0x407F…5178 called the guardianSetBlacklistStatus function through the WLFI Token contract, blacklisting the address 0x5AB2…DA74 (Justin Sun's associated address). On-chain transactions showed that as of Friday's data, the HTX address 'HTX 48' had cumulatively transferred approximately 60,000,000 WLFI tokens to Binance's deposit address 0xf387D7…29FcB5. Justin Sun responded by stating, 'Our address just did a few deposit tests for the exchange, the amounts were very low, and then we dispersed an address without any buying or selling, which could not have any impact on the market.'
Justin Sun tweeted that his WLFI tokens were unjustly frozen, calling on the team to respect these principles and unlock the tokens. These actions not only infringe on the legitimate rights and interests of investors but may also undermine people's confidence in WLFI.
Key financing events
The Bitcoin protocol Portal to Bitcoin announced the completion of $50 million in financing link
On-chain market execution layer aPriori announced the completion of $20 million in financing link
Cross-border payment and digital finance network Obita announced the completion of over $10 million in angel round financing link
Everlyn announced it has completed $15 million in financing link
AI blockchain startup Kite announced the completion of $18 million in Series A financing, with a total financing amount of $33 million link
Reflect announced the completion of $3.75 million in financing led by a16z crypto CSX link
Etherealize announced the completion of $40 million in financing, led by Electric Capital and Paradigm link
Crypto infrastructure provider Utila announced the completion of $22 million in financing link
IP tokenization platform Aria announced the completion of $15 million in seed and strategic round financing link
Credit Coop announced the completion of $4.5 million in seed round financing link
More industry financing events can be found at crypto-fundraising.info.
