**Organized by: Nona, TinTinLand
**
Fear and Greed Index: 45 (Greed)
Bitcoin Price: $111,562
BTC/ETH Spot ETF Fund Flow (8.27)
BTC Net Inflow: $30.38 M
ETH Net Inflow: $44.57 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (8.27)
BTC Net Inflow: 31.47 BTC
ETH Net Inflow: 907.41 ETH
[]( News and TOKENPOST reach strategic cooperation to promote information exchange between China and South Korea in Web3
Hong Kong Web3 media Techub News has reached a strategic cooperation with South Korean blockchain media TOKENPOST. TOKENPOST will establish a Hong Kong content section, with localized industry information provided by Techub News; at the same time, Techub News will launch a South Korean content column, with content sourced from TOKENPOST. This cooperation aims to break down information barriers and provide readers in both regions with more comprehensive and timely updates on blockchain industry dynamics and market insights. In the future, both parties will engage in more in-depth discussions on cooperation in industry conferences, investments, and content.
On August 27, the "Hong Kong Blockchain Summit Forum," co-hosted by New Fire Technology and the Greater Bay Area Financial Association, grandly opened at the Grand Hyatt Hotel in Hong Kong. National Committee member and Chairman of the Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee, Wu Jiezhuang, delivered a keynote speech as a distinguished guest. He stated that RWA is a direction that Hong Kong should vigorously promote, "Currently, the market value of crypto digital assets is about $4 trillion, of which the Native Token ecosystem accounts for about 93%, while the remaining 7% is RWA. If the market value of crypto assets grows 100 times in the future, I believe RWA will have more than a hundred times growth opportunity in the next five years."
The Hong Kong Securities and Futures Commission (SFC) published its "Quarterly Report" for April to June 2025. In terms of digital assets, the number of recognized virtual asset spot ETFs by the SFC has increased from six to nine. To further expand the variety of virtual asset products, the SFC will be the first in the Asia-Pacific region to approve three virtual asset spot ETFs to participate in staking activities under appropriate investor conditions. Additionally, as of the end of July, the number of licensed virtual asset trading platforms held by the SFC has increased to 11, while 57 licensed corporations are permitted by the SFC to provide virtual asset trading services. To build a complete ecosystem, the SFC has also collaborated with the Financial Services and the Treasury Bureau to conduct a joint consultation on proposed legislation to regulate virtual asset traders and custodians.
<div class=)[The Hong Kong Digital Asset Listed Companies Association (HKVALA) held its founding ceremony in Central, Hong Kong. Zhang Huachen, a member of the National Youth Federation, President of HKVALA, and Co-CEO of Guofu Quantum Innovation Co., Ltd. (00290.HK), stated in his speech that the establishment of the association is an important milestone in the development of Hong Kong's digital asset industry, reflecting the joint driving force of policy, market, and industry. Zhang emphasized that HKVALA will adhere to compliance standards to promote healthy industry development; at the same time, it will strengthen communication with regulatory authorities, facilitate member integration and business expansion, and invest heavily in professional talent training. He called for more financial and technology companies to join in building Hong Kong into an internationally leading digital asset center.
](<div data-v-f233673d=)
[](
Hong Kong Legislative Council member Wu Jiezhuang stated at the founding ceremony of the Hong Kong Digital Policy Listed Companies Association that Hong Kong is establishing a unified and comprehensive regulatory system for digital asset service providers, including trading platforms, stablecoin issuers, trading service providers, and custodians. The legislative work for stablecoin issuance by trading platforms has been completed, and the "Stablecoin Ordinance" officially took effect on August 1 this year, establishing a legally effective regulatory system for stablecoin issuers and licensing. Policies and regulations for digital asset trading service providers and custodians are currently undergoing public consultation, and legislative details will be finalized as soon as possible.
<div class=)[Regulation/Macro]( Selected activities in Hong Kong for August
We have specially compiled noteworthy activities in the crypto field in Hong Kong for August, which will open a window to the future of Web3 for you.
<h3 dir=)[]( Selected activities in Hong Kong for August
We have specially compiled noteworthy activities in the crypto field in Hong Kong for August, which will open a window to the future of Web3 for you.
<h3 dir=)[]( Selected activities in Hong Kong for August
We have specially compiled noteworthy activities in the crypto field in Hong Kong for August, which will open a window to the future of Web3 for you.
<h3 dir=)[]( Selected activities in Hong Kong for August
We have specially compiled noteworthy activities in the crypto field in Hong Kong for August, which will open a window to the future of Web3 for you.
<h3 dir=)[Swiss National Bank Vice President Martin stated, "The Swiss National Bank does not participate in manipulating the Swiss franc. It is crucial for the central bank to remain independent, and Bitcoin does not meet our standards for assets."](
[
Japanese listed company Metaplanet plans to issue no more than 555 million shares of common stock in overseas markets, expecting to raise a net amount of 130.334 billion yen (approximately $881 million). About 123.818 billion yen (approximately $837 million) of the raised funds will be used to purchase Bitcoin, and 6.516 billion yen will be used for Bitcoin yield generation business.
]( Plans to raise over $880 million, with 95% of funds allocated for increasing Bitcoin holdings<div data-v-f233673d=)
[KuCoin Thailand (operated by ERX Company Limited) has reached a partnership agreement with XSpring Digital, KuCoin Global, Krungthai XSpring, and SIX Network, becoming the only licensed digital asset exchange to support the technical development and listing of Thailand's G-Token program (the first tokenized government bond program). G-Token will be publicly issued in digital ledger form by the Thai Ministry of Finance under the Public Debt Management Act, representing Thailand's biggest step towards the future of public finance and providing convenient investment and savings channels for the public market. The Thai Securities and Exchange Commission has conducted a series of regulatory reforms to support G-Token.
]( Thailand launches Thailand's first tokenized government bond program G-Token<p class=)
[]( Thailand launches Thailand's first tokenized government bond program G-Token<p class=)[Cryptocurrency mining company Hut 8 has secured a total of $330 million in credit support for a 1.5 GW capacity expansion plan in the United States. This includes a $200 million revolving credit facility from digital asset investment firm Two Prime and a $130 million credit facility from Coinbase, with a weighted average cost of 8.4%. Hut 8 plans to develop four large-scale infrastructure sites in Louisiana, Texas, and Illinois, with individual project sizes ranging from 50 MW to 1000 MW. Upon completion, Hut 8's managed capacity will exceed 2.5 GW, covering 19 sites.
]( Hut 8 secures $330 million in credit support for a 1.5 GW capacity expansion plan<p class=)
[]( Hut 8 secures $330 million in credit support for a 1.5 GW capacity expansion plan<p class=)[San Francisco-based hedge fund Numerai LLC has received an investment commitment of up to $500 million from JPMorgan's asset management division, which will be utilized next year. Over the past three years, its managed fund size has grown from $60 million to $450 million. Numerai reported a 25% net return for its global equity hedge fund last year. The company continues to express its intention to hire more employees.
]( Numerai receives $500 million investment commitment from JPMorgan<p class=)
[A fully controlled Federal Reserve will become the most powerful tool for the president to implement his economic policies. At that time, interest rate setting will no longer primarily depend on economic data such as inflation and employment, but will consider the short-term political needs of the White House more.
](<p class=)
[](<p class=)[This time, the main participants in YZY seem to no longer be retail investors, but large holders enthusiastic about celebrity coins. Compared to previous TRUMP and LIBRA, these large holders entered the market faster and concentrated in the early trading period. However, unfortunately, the subsequent market recognition seems insufficient, and by August 22, although YZY's price had fallen below half of the initial price for large holders, only a few large holders chose to enter the market at this stage.
Viewpoint
]( YZY announces the myth of celebrity coins has collapsed? The top 1000 holding addresses have no "civilian" winners, large holders run fast but stand guard at the peak<p class=)
[]( YZY announces the myth of celebrity coins has collapsed? The top 1000 holding addresses have no "civilian" winners, large holders run fast but stand guard at the peak
Over a week ago, the American cryptocurrency exchange Gemini submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) to plan for a listing on NASDAQ. If Gemini successfully lists, it will become the third cryptocurrency exchange to go public in the U.S. after Coinbase and Bullish.
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