Morning News | Trump Media Technology Group to Deploy CRO Strategy; South Korean Companies May Be Interested in Participating in Hong Kong's Virtual Asset Market Development
Overview of Important Market Events on August 26整理：liec，ChainCatcher
Important News:
- SharpLink invests $252 million to increase its holdings of 56,533 ETH
- Trump Media Technology Group to establish Trump Media Group CRO Strategy and deploy CRO treasury strategy
- Binance launches a keyless secure wallet browser extension
- Chinese tech companies may collaborate with Hong Kong digital banks to promote stablecoin issuance
- LIBRA token key figure Hayden Davis profits $12 million by shorting YZY at launch
- Altcoins generally decline, with only 14 spot currencies on Binance showing an upward trend
*Important Data from Yesterday：*
LIBRA token key figure Hayden Davis profits $12 million by shorting YZY at launch
According to the blockchain data monitoring platform Bubblemaps, its tracked fund flows indicate that LIBRA token key figure—CEO of Kelsier Labs LLC, Hayden Davis—earned $12 million by shorting the YZY token at launch.
Previously, crypto KOL scooter (@imperooterxbt), who participated in exposing LIBRA token insider information, stated that it is 99% certain that Hayden Davis was involved in the release of the YZY token, as the YZY model closely resembles LIBRA from a few months ago.
According to HyperInsight monitoring, Brother Magi, Huang Licheng, currently holds 5 long positions with a total floating loss of over $5.8 million, including: ETH: position size about $100.22 million, current floating loss about $5.23 million; BTC: position size about $28.63 million, floating loss about $696,000; HYPE: position size about $7.25 million, floating profit about $127,000; YZY: position size about $600,000, floating loss about $15,000; PUMP: position size about $554,000, floating loss about $8,000.
Altcoins generally decline, with only 14 spot currencies on Binance showing an upward trend
Crypto altcoins generally declined today. As of yesterday's report, only 14 spot currencies on Binance were in an upward trend, with previously strong coins leading the decline.
- BIO down 16.84% in the last 24 hours, currently priced at $0.2039;
- CRV down 13.89% in the last 24 hours, currently priced at $0.7853;
- MEME down 12.18% in the last 24 hours, currently priced at $0.003464;
- LDO down 11.5% in the last 24 hours, currently priced at $1.266.
*Project Updates from Yesterday：*
Chip manufacturer Sequans plans to raise up to $200 million to purchase BTC
According to Decrypt, French chip manufacturer Sequans has submitted an ATM equity issuance plan application to raise $200 million to expand its Bitcoin reserves under a long-term reserve plan. The company currently holds over 3,000 Bitcoins, aiming to increase this number to 100,000 by 2030.
SharpLink invests $252 million to increase its holdings of 56,533 ETH
According to official news, SharpLink announced the acquisition of 56,533 Ethereum (ETH) at an average price of approximately $4,462 per coin.
Binance launches a keyless secure wallet browser extension
According to an official announcement, Binance announced the launch of the Binance Wallet browser extension (Beta version) on August 26, 2025, allowing users to manage crypto assets directly through their desktop browser and interact with Web3 applications.
The extension uses Keyless (MPC) technology, allowing users to log in via the Binance App without remembering a mnemonic phrase, significantly reducing security risks.
According to Hong Kong Radio, Hong Kong legislator Wu Jizhuang stated in an interview that South Korean companies are interested in participating in the development of Hong Kong's virtual asset market.
It is reported that in April this year, the head of South Korea's Financial Supervisory Service, Lee Bok-hyun, held talks with the CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, to exchange views on the latest developments in virtual asset trading and regulation in Hong Kong, and agreed to maintain close cooperation in virtual asset regulation in the future.
According to Globenewswire, Yorkville Acquisition Corp. (Nasdaq: YORK), Trump Media & Technology Group (Nasdaq, NYSE Texas: DJT), and Crypto.com announced that they have reached a final agreement on a business merger aimed at establishing Trump Media Group CRO Strategy, Inc., a digital asset reserve company focused on acquiring the native token CRO of the Cronos ecosystem. Yorkville Acquisition Corp. is a special purpose acquisition company (SPAC) established by Yorkville Acquisition Sponsor LLC ("Yorkville").
Upon completion of the business merger, Trump Media Group CRO Strategy will be jointly held by Yorkville, Trump Media, and Crypto.com as founding partners with a majority stake. The expected funding sources for this digital asset reserve company include: $1 billion worth of CRO (6,313,000,212 CRO, approximately 19% of the total market cap of CRO at the time of the announcement), $200 million in cash, $220 million in cash from warrants, and a $5 billion equity credit line provided by Yorkville affiliate YA II PN, Ltd., totaling $6.42 billion. This will make it the first and largest publicly listed CRO reserve company.
To demonstrate a long-term commitment to Trump Media Group CRO Strategy, Yorkville, Trump Media, and Crypto.com agreed to implement a mandatory initial lock-up period of one year on their founding equity after the business merger is completed, followed by a gradual release plan over three years.
Additionally, Trump Media Technology Group will integrate the Crypto.com digital wallet and will integrate the CRO token on the Truth Social and Truth+ platforms.
According to market news, regarding the collaboration between Trump Media Technology Group and Crypto.com to establish a new company and build a CRO treasury, "on-chain detective" ZachXBT stated on the X platform: "Crypto.com previously covered up a major incident but has never disclosed it publicly, and I am currently not allowed to disclose details."
According to the Hong Kong Stock Exchange announcement, Hong Kong-listed company Ruihe Smart has released a voluntary announcement to expand its revenue sources through cryptocurrency business, disclosing that the company plans to conduct cryptocurrency business through services provided by Bitmain, specifically in the form of cloud mining services and Bitcoin mining rewards distributed according to an agreed cycle. It is reported that Bitcoin mining will be an independent business segment for Ruihe Smart.
Chinese tech companies may collaborate with Hong Kong digital banks to promote stablecoin issuance
According to Hong Kong media Ming Pao, on August 26, Chinese tech companies may collaborate with digital banks (formerly known as virtual banks) to apply for stablecoins in Hong Kong. Many Chinese tech giants are shareholders of local digital banks in Hong Kong, and they, along with financial institutions, are focusing on tokenized asset trading and cross-border payments, thus potentially creating partnerships with Hong Kong digital banks to promote stablecoin issuance.
Futu Group's Managing Director Zeng Yuchao has stated that they will explore allowing users to use stablecoins as platform balances or holdings to purchase stocks and assist in handling fiat currency clearing and settlement processes for their investments.
Kanye West: Personal Instagram account hacked and follows fake token projects
Kanye West posted on social media that his personal Instagram account was hacked and follows fake token projects, with the official project account for YZY being @YZY_MNY.
Investment and Financing Updates from Yesterday
MAGNE.AI completes $10 million strategic financing
AI + Web3 native smart hardware project MAGNE.AI announced the completion of $10 million in strategic financing, with investors including Castrum Capital, DuckDAO, TB Ventures, Becker Ventures, and other globally renowned institutions.
Bitcoin programmable layer Hemi completes $15 million financing, led by YZi Labs and others
According to The Block, Bitcoin programmable layer Hemi announced the completion of $15 million in financing, led by YZi Labs, Republic Digital, and HyperChain Capital, with participation from Breyer Capital, Big Brain Holdings, Crypto.com, DNA Fund, Selini Capital, Protein Capital, Quantstamp, and Web 3.com.
According to market news, blockchain payment infrastructure Kira announced the completion of $6.7 million in seed round financing, with participation from Blockchange Ventures, Vamos Ventures, Stellar Blockchain, Grit Ventures, Credibly Neutral Ventures, Michael Seibel, and Oso Trava.
The company currently utilizes the Stellar blockchain to provide fast, low-cost payment services, focusing on the Latin American market, and supports large enterprises or startups in launching embedded financial products.
Polymarket receives tens of millions of dollars in investment from Trump’s eldest son
According to AXIOS, Donald Trump Jr., the eldest son of Trump, has invested tens of millions of dollars in Polymarket.
YZi Labs announces investment in USD.AI
YZi Labs announced an investment in USD.AI, with specific amounts not disclosed.
This investment aims to accelerate USD.AI's mission to build a new type of stablecoin, allowing it to scale with the growing global demand for computing, enabling every operator to become a super computing power provider.
USD.AI has created a unique financial solution specifically addressing this capital acquisition issue. Unlike traditional financing that relies on cash flow forecasts, USD.AI's loans are based on tangible assets, with each loan backed 1:1 by actual AI hardware. This innovative approach allows loans to be completed within 7 days, significantly speeding up the process compared to the 60-90 days required by traditional credit funds. This speed difference can determine whether capital-intensive industries expand or stagnate.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of August 27, 09:30:
The top five popular Ethereum tokens in the past 24 hours are: HOKK, NMR, LINK, CHEW, FUSAKA
The top five popular Solana tokens in the past 24 hours are: SSC, CR7, SLVR, TWSN, Jim
The top five popular Base tokens in the past 24 hours are: CLANKER, BNKR, QR, Fartcoin, BRACKY
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