Morning News | Hong Kong is expected to issue its first stablecoin license in early 2026; American Bitcoin hits the limit up three times; The Federal Reserve will hold a meeting on October 21 to discuss topics such as stablecoins and tokenization
Overview of Important Market Events on September 3rdOrganizer: liec, ChainCatcher
Important News:
- Linea launches Ignition liquidity incentive program, allocating 4% of LINEA to liquidity providers for the Linea Surge event
- American Bitcoin hits the limit for the third time, with an increase of 91%
- Fosun in Hong Kong to tokenize $328 million worth of medical company stocks
- Coinbase plans to launch the first index futures in the U.S. covering both stocks and cryptocurrencies, with index components including seven giants, COIN, and two BlackRock spot ETFs
- Haotian International plans to redirect HKD 35.75 million from placement funds to Ethereum
- Dutch Treasury BV announces completion of €126 million private placement to purchase over 1,000 BTC, led by Winklevoss Capital
- The Federal Reserve will hold a payment innovation conference on October 21 to discuss stablecoins, tokenization, and other topics
Important Data from Yesterday :
According to market data, the Collector Crypt token CARDS saw a daily increase of 612.7%, with a circulating market cap surpassing $45 million, and the current price reported at $0.1457.
Its 24-hour trading volume exceeded $20.4 million. ChainCatcher reminds users that the prices of related tokens are highly volatile, and users should invest cautiously.
American Bitcoin hits the limit for the third time, with an increase of 91%
According to market data, the Trump family mining company American Bitcoin has hit the limit for the third time, with an increase of 91%.
Project Updates from Yesterday :
Binance Alpha will list Gata (GATA),WORLD SHARDS (SHARDS),Boost (BOOST)
Binance Alpha will list Gata (GATA) on September 4, and eligible users can claim airdrops using Alpha points on the Alpha Events page after trading begins.
Binance Alpha will list WORLD SHARDS (SHARDS) on September 5.
Binance Alpha will also list Boost (BOOST) on September 5.
Binance Alpha lists Moonchain (MCH),Portal To Bitcoin (PTB)
Binance Alpha is the first platform to list Moonchain (MCH), with Alpha trading starting on September 3, 2025, at 19:00 (UTC +8). After trading begins, users holding at least 220 Binance Alpha points can claim 1,000 MCH tokens in airdrops, on a first-come, first-served basis. If the event has not ended, the points threshold will automatically decrease by 15 points every hour.
Binance announced that Binance Alpha is the first platform to list Portal To Bitcoin (PTB). Alpha trading will open on September 3, 2025, at 20:00 (UTC +8), and contract trading will open at 20:30 (UTC +8). Eligible Binance users can use Binance Alpha points to claim 1,320 PTB tokens in airdrops within 24 hours after trading starts on the Alpha events page.
The airdrop will be distributed in two phases: the first phase (the first 18 hours): users holding at least 245 Alpha points can claim; the second phase (the last 6 hours), users holding at least 220 Alpha points can participate, on a first-come, first-served basis. If the event has not ended, the points threshold will automatically decrease by 15 points every hour.
Binance officially announced that, according to the related proposal approved by Sonic, the total supply of Sonic (S) will increase from approximately 3.41 billion to approximately 3.89 billion, with circulating supply increasing by 472 million (an increase of 14.2%).
Additionally, approximately $50 million worth of Sonic (S) tokens will only be added to the total supply after the ETF agreement is finalized.
Binance contracts will list ARIAUSDT and TAKEUSDT perpetual contracts
Binance's contract platform will list ARIAUSDT perpetual contracts on September 3, 2025, at 19:00, with a maximum leverage of 50 times; and will list TAKEUSDT perpetual contracts on the same day at 19:15, also with a maximum leverage of 50 times. Users should pay attention to subsequent announcements for more information.
Morgan Stanley discloses its purchase of $188 million in Bitcoin ETFs in Q2
According to market news, Morgan Stanley, with assets of $1.7 trillion, disclosed that it purchased $188 million worth of Bitcoin ETFs in the second quarter.
Linea Association announced that it has been authorized to allocate 4% of LINEA to liquidity providers participating in the Linea Surge event. As the first step of distribution, SBTs were issued to eligible wallets last Friday. More details on converting these SBTs into LINEA tokens will be announced through the official qualification checker.
Previously, Linea launched the Ignition liquidity incentive program, planning to distribute 1 billion LINEA rewards, with an end date of October 26, 2025.
Fosun in Hong Kong to tokenize $328 million worth of medical company stocks
According to The Block, Hong Kong-based Fosun Wealth Holdings has launched tokenized stocks of the Israeli company Sisram Medical, listed on the Hong Kong Stock Exchange, with a market value of approximately $328 million, issued through Vaulta, Solana, Ethereum, and Sonic platforms.
The company stated that the plan utilizes Vaulta's "Banking OS" and incorporates Solana into its technical architecture for stock issuance and settlement. Sisram Medical is an Israeli medical technology company with the stock code 1696.HK, and it is the first stock included in this plan. Fosun also plans to tokenize more corporate bonds and stocks in the future, but has not specified which companies or timelines will be involved.
Ethereum Foundation discloses plans to sell 10,000 ETH to fund R&D, grants, and donations
According to CoinDesk, the Ethereum Foundation announced on Tuesday via the X platform that it plans to sell 10,000 Ethereum through centralized exchanges in the coming weeks, with the funds used to support R&D work, ecosystem grants, and related donations; these Ethereum will be exchanged in multiple small orders rather than a single large transaction.
Previously, the Ethereum Foundation announced a new fund management policy in early June, setting an annual operating expense cap of 15%, establishing a multi-year reserve buffer, and setting a long-term gradual reduction in expenses. The foundation sold an additional 10,000 ETH to SharpLink Gaming in July, making it the first publicly traded company to purchase ETH from the Ethereum Foundation.
Coinbase announced that its derivatives trading platform continues to expand its product matrix, planning to launch the innovative Mag7 + crypto asset stock index futures, which will be the first listed derivative futures contract in the U.S. covering both stocks and cryptocurrencies.
The index components include: U.S. stocks "seven giants": Apple (AAPL), Microsoft (MSFT), Google (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta (META), Tesla (TSLA); Coinbase stock (COIN); cryptocurrency ETFs: BlackRock Bitcoin Trust (IBIT), Ethereum Trust (ETHA). The index uses an equal-weight calculation method, with each of the 10 components accounting for 10% weight, rebalanced quarterly to reflect market changes. MarketVector serves as the official index provider. The contracts will use a monthly cash settlement model, with each contract representing 1 times the index value, and the product trading is expected to be opened to retail users in the coming months.
According to Jinshi, the Trump family-related Bitcoin mining company American Bitcoin has applied to raise up to $2.1 billion through market price issuance.
Hong Kong-listed company Haotian International announced that it previously raised a net amount of approximately HKD 49.25 million through a special authorization to place new shares, originally planned as follows:
- 72.66% for the development of an internet data center on Malaysian land;
- 15.68% for general operating funds;
- 11.66% for loan repayment.
Funding usage progress: As of the announcement date, approximately HKD 13.5 million has been used for operations and loan repayment; the remaining HKD 35.75 million was originally planned for the development of the internet data center and has not yet been used. The board decided on September 3, 2025, to change the use of the remaining funds to purchase the cryptocurrency Ethereum, expected to be fully utilized within a month.
Public company AlphaTON Capital plans to acquire $100 million in TON tokens
According to GlobeNewswire, public company AlphaTON Capital Corp (formerly Portage Biotech Inc.) announced today its plan to acquire approximately $100 million in TON tokens and launch a financial strategy for digital assets targeting the Telegram ecosystem.
According to newsfilecorp, Nasdaq-listed company Pineapple Financial plans to conduct a $100 million private placement, with participation from FalconX, Monarq, Abraxas, Kraken, Blockchain.com, Canary Capital, and Injective Foundation, to support its launch of the Injective native asset INJ digital asset treasury strategy.
Investment and Financing Updates from Yesterday
German digital asset custody company Tangany completes €10 million Series A financing
German digital asset custody company Tangany has completed €10 million in Series A financing, led by Baader Bank, Elevator Ventures/Raiffeisen Bank International, and Heliad Crypto Partners, with continued support from HTGF and Nauta Capital.
Tangany previously completed €7 million in seed financing in 2020.
CIMG Inc. (NASDAQ: IMG), a business group focused on digital health and sales expansion, announced that it completed a previously announced transaction on September 2, 2025, selling 220 million shares of common stock at $0.25 per share, raising a total of $55 million, and in exchange, received 500 Bitcoins.
According to Fortune, Ethereum infrastructure startup Etherealize announced the completion of $40 million in financing, led by Electric Capital and Paradigm, with initial funding support from Ethereum founder Vitalik Buterin and the Ethereum Foundation.
According to CoinDesk, stablecoin infrastructure company Utila has completed $22 million in financing, led by Red Dot Capital Partners, with participation from Nyca, Wing VC, DCG, and Cerca Partners, expanding the scale of its A round financing to $40 million since March this year.
According to The Block, Aria Protocol Labs and Aria Foundation—the team behind the story-based intellectual property (IP) tokenization platform Aria—recently raised a total of $15 million in seed and strategic rounds of financing.
Both rounds of financing were completed last month, starting from financing discussions in March. The seed round was co-led by Polychain Capital and Neoclassic Capital, while the strategic round received support from the Story Protocol Foundation and other unnamed investors in the cryptocurrency, intellectual property, and entertainment sectors.
According to Coindesk, Dutch Treasury BV announced it raised €126 million (approximately $147 million) through private placement, led by Winklevoss Capital and Nakamoto Holdings. The company used this to acquire over 1,000 Bitcoins, aiming to become the largest publicly listed Bitcoin fund management company in Europe.
Regulatory & Policy Updates from Yesterday
U.S. SEC meets with Robinhood to discuss cryptocurrency asset regulation issues
The U.S. Securities and Exchange Commission (SEC) cryptocurrency working group met with Robinhood on September 2 to discuss regulatory issues related to cryptocurrency assets.
Discussion topics included: trading tokenized securities and non-securities crypto assets, as well as considerations for tokenizing traditional securities under various regulatory frameworks.
UK media: The World Gold Council is planning to launch "digital gold"
According to the Financial Times, the World Gold Council is seeking to launch a digital form of gold, which could create a new way of trading, settling, and collateralizing gold, fundamentally changing the $900 billion physical gold market in London.
Wu Jiezhuang: The first stablecoin license is expected to be issued early next year
According to Barrons, Hong Kong legislator Wu Jiezhuang revealed that the regulatory framework for stablecoins in Hong Kong is strict, and the first stablecoin license is expected to be issued in early 2026.
According to the Federal Reserve Board, the Federal Reserve announced it will hold a payment innovation conference on October 21, focusing on innovations and improvements in payment systems.
The conference will cover topics such as the integration of traditional finance and decentralized finance, new use cases and business models for stablecoins, the intersection of artificial intelligence and payments, and the tokenization of financial products and services. The conference will be live-streamed on the official website, with more details to be announced later.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of September 2, 09:30:
The top five popular Ethereum tokens in the past 24 hours are: MHRD, NOOB, Xiaobai, BRO, GRANDARAI
The top five popular Solana tokens in the past 24 hours are: PKEBONK, TSG, MIKU SOL, dogemon, JB
The top five popular Base tokens in the past 24 hours are: SHADOW, MM, USI, Trashy, ZORA
"What are the exciting articles worth reading in the past 24 hours?"
WLFI dropped, can the coin stock ALT5 still surge?
In August, among the pile of announcements on Nasdaq, there was a seemingly ordinary financing that exploded like a hidden bomb: ALT5 Sigma issued up to 200 million shares of common stock at $7.50 per share (about 10 billion RMB), exchanged for WLFI tokens, and sent Trump’s youngest son Eric Trump to the board.
After three years of waiting, Linea airdrop finally lands: a victory for "quality addresses"?
Community feedback on the Linea airdrop indicates that many users felt it was "below expectations." Some regretted not meeting the threshold, being clawed back, or receiving nothing, while others lamented that the returns did not meet their psychological expectations. Many users shared screenshots of tens of thousands of airdropped tokens, highlighting the significant disparities in airdrop distribution results and the notable advantages of "quality addresses" in this airdrop.
What constitutes a truly "good" DeFi protocol? Is it extremely high yields? An innovative token model? Or a large TVL? These may have been seen as answers, but with the collapse of several star projects, the industry has begun to realize that true "goodness" should stem from the sustainability, trustworthiness, and evolvability of the protocol, all of which must be built on a logic that frees itself from complete human governance.
After the stock price halved, will Metaplanet's Bitcoin bet continue?
What determines success is not "whether it can be successfully issued," but rather what kind of crypto β it encounters after the funds enter.
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