OKX market data shows that SOL has fallen below 200 USDT, currently trading at 199.99 USDT, a 24-hour drop of 1.66%. (This newsletter was generated with AI assistance)

OKX market data shows that BTC has fallen below 110,000 USDT, currently trading at 109,983.5 USDT, a 24-hour drop of 0.6%. (This newsletter was generated with AI assistance)

With the rapid global development of stablecoins in the first half of the year, many believe they offer greater potential for the internationalization of the RMB. With the Hong Kong Stablecoin Ordinance taking effect on August 1, 2025, discussions are swirling about using RMB-denominated stablecoins to counter the hegemony of the US dollar. A Hong Kong blockchain technology practitioner specializing in cross-border trade explained that according to relevant Hong Kong regulations, if a stablecoin is used as a value transfer tool for cross-border payments, its exchange for fiat currency, or remittance functions constitute money services under the Anti-Money Laundering Ordinance, requiring an MSO (Money Service Operator) license from the Hong Kong Customs and Excise Department. (Caixin.com)

"On-chain detective" ZachXBT posted on the X platform: "Sometimes so-called high-risk addresses may be incorrect, so the WLFI team cannot simply rely on compliance tools. I recently helped a team manually review pre-sale addresses. After manual review, we found that certain exchanges/smart contracts were incorrectly marked as high-risk. In many cases, we found that even leading compliance tools have major flaws. We are glad to see that the World Liberty Financial team has taken a more proactive approach than other teams like Circle, as this will ultimately benefit the victims. However, they do need to be cautious, otherwise if they are blacklisted due to false positives, it may cause irreparable damage to their reputation. The difficult part is finding the right balance. If the address is indeed a false positive, we hope that the problem can be resolved as soon as possible."

Bitdeer, a Nasdaq-listed Bitcoin mining company, released its latest Bitcoin holdings data on the X platform. As of September 5, its total Bitcoin holdings had increased to 1,934.9 (Note: This number is pure holdings and does not include Bitcoin deposited by customers). In addition, its Bitcoin mining output this week was 100.6 BTC, and it sold 73.1 BTC during the same period.

Alex Svanevik, CEO of the on-chain analytics platform Nansen, posted on the X platform that his AI Research Agent initially reported that Justin Sun was dumping WLFI. However, a subsequent review of WLFI transaction timestamps revealed that Sun was not dumping the stock. Furthermore, Svanevik noted that the relevant transfers occurred after a significant drop in WLFI and were therefore not the primary cause of the price drop. Furthermore, based on the percentage of total network transaction volume that day, they likely did not have a substantial impact on market price trends.

The National Natural Science Foundation of China released the 3rd emergency management project of 2025, "Research on Global Stablecoin Risk Governance and Cross-border Collaborative Regulatory System", which pointed out that stablecoin, as a digital asset designed to anchor legal currency or specific asset value, has become the core bridge connecting traditional finance and the encryption ecosystem with its potential efficient cross-border liquidity. Its scale and influence pose a profound challenge to the current international monetary system and the global financial regulatory framework.

Japanese Prime Minister and Liberal Democratic Party President Shigeru Ishiba held an emergency press conference at the Prime Minister's Office, announcing his decision to resign as LDP president. According to a report by the Japan Broadcasting Corporation earlier that day, Ishiba has decided to resign as prime minister and is expected to formally announce his resignation at the press conference. Ishiba was elected LDP president in September of last year, and his term is due to end in September 2027. In the House of Representatives election held in October of last year, the ruling coalition of the LDP and Komeito lost a majority of seats. The ruling coalition also lost a majority of seats in the House of Councillors election held in July of this year. The LDP convened a plenary session of both houses of parliament on the 2nd of this month to review the reasons for its defeat in the July Senate election. At the meeting, Ishiba apologized for the election defeat and stated that he has no intention of clinging to the prime ministership and will make an appropriate decision at the appropriate time. (Kintosh)

According to 8Marketcap data, Bitcoin's market capitalization is nearly twice the combined market capitalization of Mastercard and Visa. Currently, Bitcoin's market capitalization is approximately $2.212 trillion, Visa's market capitalization is approximately $666.16 billion, and Mastercard's market capitalization is approximately $528.14 billion. (Cointelegraph)

Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, wrote on the X platform that Bitcoin will only truly peak when the printing press stops. Fluctuations within market cycles are short-term phenomena; long-term trends are inevitable.

The "RWA and Stablecoin" roundtable at the first CRYPTO Raver conference brought together early blockchain practitioners, traditional financial executives, real economy operators, policy researchers and other bigwigs.

As of 2025, the holding structure of Ethereum (ETH) is highly centralized, with the top 10 addresses controlling approximately 61% of the circulating supply, but this is mainly dominated by institutions, contracts, and exchanges, rather than individuals.

The August DApp industry report shows that although overall on-chain activity has cooled, several key areas are still showing strong development momentum.

Good news every day may bring excitement, but if the entry threshold remains high, liquidity remains poor, and consensus remains weak, these positive news will have little impact on most people.

This issue reviews Strategy's DAT business-related content for your reference.

This week, 18 blockchain startups raised a total of $508.7 million. AlloyX Limited secured $350 million in a mergers and acquisitions (M&A) round from Solowin, the largest round of the week.

United States, Cryptocurrency, Federal Reserve, The wave of U.S. bankruptcies in 2025 and its profound impact on the economy and markets Golden Finance, In 2025, the U.S. economy is at a critical crossroads.

Recently, Morph, a public chain project under Bitget, announced the cancellation of its original plan to issue new tokens and instead directly adopt BGB (Bitget platform currency) as the public chain token.

On August 29, 2025, Foton Investment Holding issued RMB 500 million offshore bonds in Hong Kong (with a term of 2 years and a coupon rate of 2.62%). The token is named FTID TOKEN 001 (abbreviated as Fubi), marking a milestone in the digitization of state-owned enterprise bonds.

If decentralization dies once it becomes inconvenient, did it ever really exist?