Organization: liec, ChainCatcher
Important news:
Last week, global listed companies net purchased 260 million USD in BTC, Strategy increased Bitcoin holdings by over 200 million USD in a single week
ICBC Asia and HSBC may have expressed their intention to apply for a stablecoin license to the Hong Kong Monetary Authority
The issuance rights of USDH stablecoin under Hyperliquid have attracted competition from multiple institutions, with Paxos, Frax, and others having submitted bidding proposals, and Ethena Labs hinted to join soon
Nasdaq submitted an application to the SEC to list tokenized stocks
Binance Alpha will launch Zypher Network (POP) and Linea (LINEA) on September 10
Grayscale has submitted S-1 application documents for a Chainlink ETF to the SEC.
Yesterday's important data:
Last week, globally listed companies net purchased $260 million in BTC, with Strategy increasing bitcoin holdings by over $200 million in a single week.
According to SoSoValue data, as of September 8, 2025, the total net purchase of bitcoins by globally listed companies (excluding mining companies) last week was $260 million.
Strategy (formerly MicroStrategy) invested $217.4 million last week, increasing its holdings by 1,955 bitcoins at a price of $111,196, bringing its total holdings to 638,460 bitcoins.
The Japanese listed company Metaplanet invested $15.2 million last week, increasing its holdings by 136 bitcoins at a price of $111,666, bringing its total holdings to 20,136 bitcoins.
Additionally, four other companies purchased bitcoins last week. Japanese beauty service company Convano invested $17.1 million, increasing its holdings by 155 bitcoins at a price of $110,219, bringing its total holdings to 519.93 bitcoins; Swedish medical company H100 invested $5.3 million, increasing its holdings by 47.16 bitcoins at a price of $112,138, bringing its total holdings to 1004.56 bitcoins; Sequans, a French semiconductor company listed in the U.S., invested $3.8 million, increasing its holdings by 34 bitcoins at a price of $111,374, bringing its total holdings to 3205 bitcoins; Brazilian fintech company Meliuz invested $1.01 million, increasing its holdings by 9.01 bitcoins at a price of $112,172, bringing its total holdings to 604.69 bitcoins.
On September 2, the Japanese listed company Metaplanet announced plans to raise up to $3.8 billion through the issuance of preferred shares to increase its bitcoin holdings. On September 5, Web3 investment firm Sora Ventures announced the launch of a $1 billion bitcoin treasury fund, with an initial commitment of $200 million and plans to complete BTC allocations within the next six months.
As of the time of publication, the total amount of bitcoin held by globally listed companies (excluding mining companies) is 849,420 bitcoins, with a current market value of approximately $9.51 billion, accounting for 4.26% of bitcoin's circulating market value.
Project updates from yesterday:
Binance Alpha will launch Zypher Network (POP) and Linea (LINEA) on September 10.
According to official announcements, Binance Alpha will first launch Zypher Network (POP) on September 10. Binance Alpha will become the first platform to launch Linea (LINEA) on September 10, 2025.
Binance Alpha launches Black Mirror (MIRROR) and OpenLedger (OPEN).
According to official news, Binance Alpha will launch Black Mirror (MIRROR), with Alpha trading starting on September 8, 2025, at 20:00 (UTC+8).
According to official news, Binance Alpha launches OpenLedger (OPEN), with Alpha trading starting on September 8, 2025, at 19:00 (UTC+8).
Xin Bao: ICBC Asia and HSBC have expressed their intention to apply for a stablecoin license with the Hong Kong Monetary Authority.
According to reports cited by (Xin Bao) from unnamed sources, ICBC Asia and HSBC have expressed their intention to apply for a stablecoin license with the Hong Kong Monetary Authority. It is currently unclear whether HSBC will formally submit its application by the end of this month.
Previous reports from the Hong Kong Economic Journal indicated that as of August 31, the Hong Kong Monetary Authority had received 77 expressions of intent to apply for stablecoin licenses, including from banks, tech companies, securities/asset management/investment firms, e-commerce, payment institutions, and startups/Web3 companies. The Monetary Authority spokesperson reiterated that only a few stablecoin licenses would be approved in the initial phase of the regulations.
Grayscale has submitted S-1 application documents for a Chainlink ETF to the SEC.
According to the SEC's official website, Grayscale has submitted S-1 application documents for a Chainlink ETF to the SEC.
Circle announced that USDC and CCTP V2 will soon be launched on Hyperliquid.
According to Circle's official website, native USDC and CCTP V2 will be deployed to the Hyperliquid blockchain to support USDC access on HyperCore and HyperEVM applications.
Users can achieve institutional-level deposits and withdrawals through Circle Mint, and developers can utilize CCTP V2 to enable secure cross-chain transfers of USDC between Hyperliquid and other supported blockchains. USDC will serve as the core stablecoin for Hyperliquid's financial applications and trading.
The issuance rights of Hyperliquid's USDH stablecoin have sparked competition among several institutions, with Paxos, Frax, and others having submitted bidding proposals, while Ethena Labs has allegedly hinted at joining soon.
Stablecoin issuers Paxos, Frax Finance, Agora, and others are competing for the upcoming issuance rights of Hyperliquid's USDH stablecoin. Hyperliquid announced this plan last Friday and stated that the goal is to launch a "USD stablecoin that prioritizes Hyperliquid, aligns with Hyperliquid's philosophy, and is compliant," for which the USDH token code has been reserved.
The third-largest dollar stablecoin USDe's issuer Ethena Labs has allegedly hinted at entering the competition for the issuance rights of Hyperliquid's USDH stablecoin. Ethena Labs stated this morning, "Dear Jeff (co-founder of Hyperliquid), I wrote to you, but you haven't called back. I sent two USDH proposals last fall, and you must not have received them. Maybe there was a problem with Discord or something else; sometimes I write the deployment address too hastily."
Kinto announced it will shut down on September 30, having suffered an attack in July that resulted in a loss of approximately $1.55 million.
The modular trading platform Kinto in the Arbitrum ecosystem suffered a smart contract attack in July, losing 577 ETH worth approximately $1.55 million. Kinto announced it will shut down on September 30.
HashKey plans to launch a crypto treasury fund, with an initial fundraising target exceeding $500 million.
HashKey Group announced plans to launch Asia's largest multi-currency DAT ecosystem fund, with an initial fundraising target expected to exceed $500 million, focusing on DAT projects within the Ethereum (ETH) and Bitcoin (BTC) ecosystems.
CoinShares plans to go public in the U.S. and aims to raise approximately $50 million.
According to GlobeNewswire, digital asset management company CoinShares announced plans to merge with Nasdaq-listed special purpose acquisition company Vine Hill Capital Investment Corp, and Jersey-based entity Odysseus Holdings Limited, to facilitate the relocation of CoinShares' common stock listing from Nasdaq Stockholm to the U.S. Nasdaq stock market.
Additionally, the company plans to issue 5,000,000 shares of common stock to private investors at a price of $10.04 per share, having raised approximately $5 million.
Market news: Eightco is conducting a $250 million private placement to establish the world's first WLD treasury.
According to market news, Eightco Holdings announced a $250 million private placement and received a $20 million strategic investment from BitMine to initiate the world's first Worldcoin (WLD) treasury strategy.
Forward Industries announced a $1.65 billion private placement to initiate its Solana financial strategy.
According to Businesswire, global design company Forward Industries, Inc. (NASDAQ: FORD) announced that it will commit $1.65 billion in cash and stablecoins for a private equity investment led by Galaxy Digital, Jump Crypto, and Multicoin Capital, aimed at launching a digital asset management strategy focused on Solana, aligning the company with the rapidly growing Solana ecosystem.
South Africa-listed company Altvest plans to raise $210 million to purchase bitcoin.
According to Bloomberg, South Africa-listed company Altvest Capital Ltd. plans to raise $210 million to purchase bitcoin and establish a crypto treasury reserve, hoping to benefit from the near doubling of digital asset prices over the past year.
Yesterday's financing updates
Blockchain-focused private equity firm Inversion Capital has completed a $26.5 million seed round financing, led by Dragonfly Capital.
Blockchain-focused private equity firm Inversion Capital announced the completion of a $26.5 million seed round financing, led by Dragonfly Capital.
Digital asset infrastructure provider Tetra Digital Group has completed $10 million in financing, with participation from Urbana Corporation.
According to Businesswire, digital asset infrastructure provider Tetra Digital Group announced the completion of $10 million in financing, with participation from Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify.
New funding is intended to support the launch of a Canadian dollar-backed stablecoin. Tetra stablecoin will utilize Tetra Digital Group's institutional-grade custodial infrastructure to provide stable, secure, and fully compliant digital currency for businesses and consumers, supported by a 1:1 ratio of Canadian dollar reserves.
ETHZilla has reached an $80 million OTC trading agreement with Cumberland DRW for stock repurchase.
According to official news, Ethereum treasury company ETHZilla announced it has reached an OTC trading agreement with Cumberland to secure up to $80 million in financing, with net proceeds to be used for stock repurchases. Previously, ETHZilla had repurchased 2.2 million shares of company stock at an average price of $2.5.
Rectitude Holdings has signed a $32.6 million standby equity purchase agreement to initiate its bitcoin treasury strategy.
According to GlobeNewswire, Nasdaq-listed company Rectitude Holdings announced that it has signed a $32.6 million standby equity purchase agreement to initiate its bitcoin treasury strategy, with the funds raised to be used for purchasing bitcoin and holding it long-term.
Empery Digital has signed a non-committal revolving credit agreement with Galaxy Digital for up to $75 million in funding support.
According to Businesswire, Nasdaq-listed company Empery Digital has signed a non-committal revolving credit agreement with Galaxy Digital LLC for up to $75 million in additional financing, having previously obtained a $25 million committed loan limit.
Additionally, Empery Digital announced it has repurchased 1,626,007 shares of common stock under its $100 million share repurchase plan, with an average repurchase price of $7.23 per share (including all fees and commissions).
Yesterday's regulatory & policy updates
Nasdaq has submitted an application to the SEC for the listing of tokenized stocks.
According to CoinDesk, Nasdaq has submitted an application seeking SEC approval for tokenized stock trading.
If the U.S. Securities and Exchange Commission's application is approved, exchanges will allow customers to choose between traditional stock trading methods or trading through on-chain tokenized stocks—the latter option will have the same priority as traditional methods.
The President of Kazakhstan proposed the establishment of a national digital asset fund to build strategic cryptocurrency reserves.
Astana Times reported that Kazakh President Kassym-Jomart Tokayev proposed establishing a national digital asset fund under the National Bank Investment Company to accumulate strategic cryptocurrency reserves.
Meme Popularity Rankings
According to data from the meme token tracking and analysis platform GMGN, as of September 8 at 09:30:
The top five trending Ethereum tokens in the past 24 hours were: Xiaobai, MHRD, MEMELESS, HYPER, DOGENARII.
The top five trending Solana tokens in the past 24 hours were: LILPEPE, CR7, MOODENG, pipop, CR7.
The top five trending tokens on Base in the past 24 hours were: SINGULARITY, VIRTUAL, ZORA, ELI5A, OWLS.
"What are the exciting articles worth reading in the past 24 hours?"
Why are crypto VCs betting on prediction markets now?
Data tells the same story. According to The Block Pro's financing dashboard, 2025 is predicted to be the strongest year for the market to date: 11 transactions collectively raised over $216 million. This surge continues from $80 million in 2024 and nearly $60 million in 2021, while earlier years saw only sporadic activity.
Crypto Distribution Strategy Guide: Discussing the Piranha Head of DeFi.
Every few years, cryptocurrencies experience their moments in the spotlight. For most of their lives, these moments follow a predictable four-year cycle: prices soar (often to outrageous heights), people flood in, most lose everything, and a few remain. Cryptocurrencies have grown through cycles of "boom and bust," and what remains after each shakeup are the true believers.
Traditional institutions appear to be participating in the same game—they are allocating bitcoin to their balance sheets, launching ETF funds, or allowing clients to trade cryptocurrencies. Each time such moves occur, people claim it marks a turning point. However, institutional entry often signals a market peak rather than the beginning of a new growth cycle. The phrase "institutions are here" has even become a meme. They have never brought in a billion new users, as they have never truly embraced cryptocurrencies, only dipping their toes in.
The sharp decline in Ethereum's revenue has sparked heated debates within the community. Has the alarm of recession been sounded?
Why is there such a focus on discussing Ethereum's fundamentals right now?
The timing is indeed delicate. ETH is currently at the peak of a bull market, with prices hitting record highs, but the underlying network activity and Ethereum's self-positioning are quietly changing. After the Dencun upgrade in 2024, Layer 2 solutions like Base and Arbitrum are thriving, significantly reducing main chain transaction fees, resulting in income being shifted to these scaling layers. Following the popularity of coin-stock games this year, SBET and BMNR are scrambling to accumulate ETH, while mainstream finance and Wall Street are starting to use ETH as a tool for amplifying financial leverage.
And now, Ethereum itself seems more like a selflessly altruistic flag, waving in response to market winds and guiding others, but with many holes?
Hyperliquid's stablecoin USDH has become a "hot commodity" in the industry, with giants vying for distribution rights.
As the U.S. stablecoin regulatory bill (GENIUS Act) is set to pass, the stablecoin sector is expected to see a new wave of growth, while the emergence of USDH provides a new opportunity for major stablecoin issuers.
For the currently slightly saturated stablecoin market, Hyperliquid, boasting hundreds of thousands of high-frequency trading users and monthly trading volumes in the trillions, will undoubtedly bring substantial incremental value to the stablecoin market. This is also why many issuers are scrambling to acquire the deployment rights for the USDH code. BitMEX co-founder Arthur Hayes previously noted that the key to stablecoin success lies in distribution channels.
