Longling Capital bought 7,000 ETH, and a whale hoarded 433,176 IPs.

Headline

▌Longling Capital bought 7,000 ETH, worth approximately $30.67 million

According to on-chain analyst Yu Jin, Longling Capital bought 7,000 ETH: 20 million USDT was transferred to Binance in the past 5 days, and 7,000 ETH ($30.67 million) was withdrawn from Binance 10 minutes ago.

▌A whale hoarded 433,176 IPs, worth $3.7 million

According to Lookonchain monitoring, a whale (0x8A1d) just withdrew 433,176 IPs from Bybit, worth $3.7 million.

Market

As of press time, according to Coingecko data:

BTC price is $109,449, up or down 24 hours by +1.5%;

ETH price is $4,447.22, up or down 24 hours by +3.7%;

BNB price is $862.46, up or down 24 hours by -0.0%;

Policy

▌The University of Hong Kong Business School will accept Bitcoin for tuition and donations

According to market news released by Bitcoin Archive, the University of Hong Kong Business School will accept Bitcoin for tuition and donations, and the global adoption of Bitcoin is accelerating.

▌ US and Dutch authorities dismantle VerifTools, a platform that trades fake identities using cryptocurrency

Dutch and US law enforcement agencies have shut down VerifTools, an online fake ID trading platform that sold forged documents for as little as $9 in cryptocurrency. The operation seized 23 servers. The FBI determined that the market generated approximately $6.4 million in revenue. Dutch authorities estimate that VerifTools' annual turnover is approximately €1.3 million (approximately $1.5 million), making it one of the world's largest providers of fake IDs. The marketplace operates by requiring users to upload a passport photo and enter false data, which the website operators then use to generate fake IDs. FBI agents were able to order fake New Mexico driver's licenses and pay for the forged IDs using cryptocurrency—although the specific cryptocurrency used has not yet been determined.

▌Meinian Health: Wholly-owned subsidiary signs digital asset business cooperation framework agreement with Guofu Quantum and Beijing North.

According to Meinian Health Group, a wholly-owned subsidiary of Meinian Health Industry Holdings Co., Ltd., Meinian Health Industry Co., Ltd., Guofu Quantum Innovation Co., Ltd. and Beijing North Information Technology Co., Ltd. recently signed the "Digital Asset Business Cooperation Framework Agreement". The three parties will rely on their respective resource endowments to carry out all-round business exploration and cooperation in the field of digital asset RWA, explore new paradigms for releasing the value of equipment and data assets in the health and medical field, and help the upgrading and innovative development of the big health industry. Blockchain Applications Ethereum and Google developers have jointly proposed a new proposal to make blockchain the cornerstone of an AI-powered agent economy. According to Decrypt, Ethereum and Google developers have jointly proposed a new proposal to make blockchain the cornerstone of an AI-powered agent economy. Tech giants like Google and Amazon are betting on AI agents, and Ethereum developers believe their blockchain has a unique advantage in supporting this new machine economy. Ethereum core developer Davide Crapis has proposed the ERC-8004 standard, which aims to enable mutual discovery, verification, and transactions between AI agents. Supporters say Ethereum's payment channels, digital identity tools, and scalable, multi-layered architecture make it the most efficient infrastructure for an AI-powered economy.

▌Blockchain credit agreement Credit Coop completes $4.5 million in seed round financing

According to PRNewswire, the blockchain credit agreement Credit Coop announced the completion of a $4.5 million seed round financing, led by Maven 11 and Lightspeed Faction, with participation from Coinbase Ventures, Signature Ventures, Veris Ventures, TRGC and dlab. The new funds will be used to support its construction of a credit agreement based on Spigot smart contracts that converts commercial cash flows into programmable collateral to provide real-time settlement, automated loan services and transparent credit monitoring. WLFI tokens cross-chain to Solana via Chainlink, with the 10 WLFI tokens likely a small test. On August 31st, on-chain data showed that WLFI tokens were transferred to Solana via Chainlink CCIP approximately four hours ago. Ten WLFI tokens were transferred, likely a small test. WLFI project developer Dario Laverde responded to the community, stating that the WLFI token will be launched on the Solana blockchain. Previous news indicated that WLFI would launch on the Ethereum mainnet on September 1st, with 20% unlocked for early investors.

Cryptocurrency

▌The number of addresses holding more than 100 bitcoins has reached a record high

According to a chart released by Bitcoin Archive, the number of addresses holding more than 100 bitcoins has reached a record high, and whales (large holders) are increasing their holdings of Bitcoin at an unprecedented rate.

▌A newly created wallet received 230,000 SOL from FalconX 4 hours ago and pledged it

According to Lookonchain monitoring, a newly created wallet (32pFKB) received 230,419 SOL (US$48.2 million) from FalconX 4 hours ago and pledged it. An address purchased 2,737 ETH on-chain at a premium, with an average price of $4,391. According to EmberCN monitoring, an address used 12.02 million USDC to purchase 2,737 ETH on-chain an hour ago at a price of $4,391. Due to the large amount of the single transaction, slippage caused the purchase price to be approximately $20 higher than the actual ETH price of $4,370 at the time. Whales have sold over 430,000 ETH in the past two weeks. According to a chart released by analyst Ali, whales have sold over 430,000 ETH, worth approximately $1.8 billion, in the past two weeks. Orbit Chain Hacker Transfers Another 4,320 ETH via Tornado Cash According to on-chain analyst Ember, the hacker who stole $81.5 million from Orbit Chain in early 2024 has again transferred 4,320 ETH ($18.81 million) via Tornado Cash. The hacker originally purchased ETH at $2,301, which has now doubled, transferring a total of 17,242 ETH ($66.35 million), leaving their remaining assets worth $61.6 million. The address currently holds 9,511 ETH ($41.6 million) and 20 million DAI. Japanese nail salon operator Convano plans to raise $3 billion to support its Bitcoin treasury reserves. Convano, a Japanese nail salon operator listed on the Tokyo Stock Exchange, announced that it will raise approximately 434 billion yen (approximately $3 billion) to support its Bitcoin treasury reserves. The company aims to purchase 21,000 Bitcoins, equivalent to 0.1% of the total Bitcoin supply, making it one of the world's largest Bitcoin holders. It is reported that Convano plans to continue purchasing Bitcoin in three phases, reaching 2,000 Bitcoins by the end of 2025, 10,000 Bitcoins by August 2026, and 21,000 Bitcoins by March 2027.

Important Economic Developments

▌Strategy could be included in the S&P 500 index as early as next week

According to market news released by Bitcoin Archive, Michael Saylor's Strategy could be included in the S&P 500 index as early as next week.

Golden Encyclopedia

▌What is a Bitcoin flash crash?

A Bitcoin flash crash is a sudden, sharp drop in the BTC market price, which lasts only a short time before prices begin to recover. Unique market conditions cause the market price of the leading cryptocurrency to fluctuate. Flash crashes are typically caused by a large group of sellers (called whales) suddenly selling Bitcoin, flooding the market with supply. This can overwhelm buyers and potentially wipe out billions of dollars in a matter of minutes. The frequent occurrence of BTC flash crashes in recent years highlights the volatility risks inherent in cryptocurrencies, even for a robust asset like BTC. Despite its multi-trillion dollar market size, the cryptocurrency market is still maturing. Understanding BTC price crashes and their causes is crucial, especially for new investors in the space. Without this knowledge, witnessing such an event can be devastating and lead to emotionally flawed trading decisions rather than insightful and profitable investments. Traditional stock markets have built-in circuit breakers that temporarily halt trading when an asset or index fluctuates by a certain amount. These circuit breakers are absent in the BTC market, making it difficult to manage rapid market declines.