Hong Kong Web3 Daily Must-Read: WLFI Launch Sparks Excitement, Bank of China Hong Kong Plans to Apply for Stablecoin Issuer License

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Fear and Greed Index: 39 (Greed)
Bitcoin Price: $109,198
BTC/ETH Spot ETF Fund Flow (8.29)
BTC Net Outflow: $126.64 M
ETH Net Outflow: $164.64 M

Hong Kong

BTC/ETH Spot ETF Fund Flow (9.1)

BTC Net Inflow: 29.66 BTC

ETH Net Inflow: 610.66 ETH

[](

ZhongAn Smart Life (02271.HK) announced a business cooperation with a licensed virtual asset operating platform in Hong Kong. This platform will provide digital asset infrastructure support to ZhongAn Smart Life, helping it explore cryptocurrency asset custody and allocation paths within a compliant framework, and promote the construction of an innovative digital ecosystem platform. At the same time, the platform will also provide technical advice and compliance path support for the virtual asset platform, and establish a regular technical seminar and business communication mechanism. This cooperation aims to consolidate ZhongAn Smart Life's existing business foundation, enhance core competitiveness, and promote business innovation and digital transformation.

The Secretary for Financial Services and the Treasury, Xu Zhengyu, stated at the Legislative Council's Financial Affairs Committee meeting that the government will make the issuance of tokenized bonds regular, and the Monetary Authority is preparing to assist the government in issuing the third batch of tokenized bonds.

Hong Kong-listed company Haotian International Construction Investment announced that its wholly-owned subsidiary, Haotian International Securities, intends to apply to the Hong Kong Securities and Futures Commission for virtual asset trading services through a comprehensive account arrangement. If approved by the Hong Kong Securities and Futures Commission, the company will be able to provide virtual asset trading services to retail customers.

Bank of China Hong Kong ( <a href=) ) rose over 8% during trading, hitting a historic high. Previously, according to the Hong Kong Economic Journal, Bank of China Hong Kong plans to apply for a stablecoin issuer license.

[]( Cosmos, OKG, etc. sign stock purchase agreements

ZhongAn Online announced that on August 29, 2025 (after trading hours), ZhongAn International signed stock purchase agreements with ZhongAn Technology, Z Fin, Warrior, Opportunities Fund, Cosmos, OKG, and Northstar, under which ZhongAn Technology conditionally agreed to subscribe, and ZhongAn International conditionally agreed to issue and allocate up to 135,423,860 shares of ZhongAn International common stock at a purchase price of $0.4225 per share; upon completion of the subscription and at the same time, since the purchase price per share of ZhongAn International common stock under the subscription is lower than the adjusted purchase price under the previous shareholder agreement, it will trigger the anti-dilution mechanism under the previous shareholder agreement, and 3,739,800 shares, 4,313,294 shares, 199,908 shares, and 999,541 shares of ZhongAn International common stock will be issued free of charge to ZhongAn Technology, Z Fin, Warrior, and Opportunities Fund.

Hong Kong-listed company New Town Development (stock code 1030) agreed to issue approximately 19 million shares to Blockchain Metaverse Academy at a price of 2.5845 HKD per share. The subscribed shares account for about 0.27% of the expanded issued share capital, with a subscription price approximately 4.2% higher than the closing price of 2.48 HKD, raising a total of about 50 million HKD. The raised funds will be used for strategic deployment in the RWA application field.

<div class=)[](

According to the Hong Kong Economic Journal, citing informed sources, following the joint venture established by Standard Chartered Hong Kong expressing its intention to apply for a stablecoin issuer license, Bank of China Hong Kong is also interested in applying and aims to become one of the first approved issuers. The deadline for the first batch of applications is the end of September. Both Bank of China Hong Kong and the Monetary Authority declined to comment.

<div class=)[DAT

]( Selected activities in Hong Kong for September

We have specially compiled noteworthy activities in the cryptocurrency field in Hong Kong for September, which will open a window to the future of Web3 for you.

<span style=)

[]( Selected activities in Hong Kong for September

We have specially compiled noteworthy activities in the cryptocurrency field in Hong Kong for September, which will open a window to the future of Web3 for you.

<span style=)[Regulation/Macro

]( DAT Treasury Strategy Company: When will ETH be sold

If they have made enough money, human nature is to replicate their successful paths. Those who started with Ethereum DAT may try to do other altcoins in the future, at which point they may switch vehicles.

<h3 dir=)

[]( DAT Treasury Strategy Company: When will ETH be sold

If they have made enough money, human nature is to replicate their successful paths. Those who started with Ethereum DAT may try to do other altcoins in the future, at which point they may switch vehicles.

<h3 dir=)

[]( DAT Treasury Strategy Company: When will ETH be sold

If they have made enough money, human nature is to replicate their successful paths. Those who started with Ethereum DAT may try to do other altcoins in the future, at which point they may switch vehicles.

<h3 dir=)[The Indian income tax department has accused several cryptocurrency trading platforms of misusing customer assets for personal gain. According to officials familiar with the investigation, these exchanges have engaged in lending, staking, and trading activities with tokens deposited by users without explicit consent. Although users retain the right to sell their holdings, it is alleged that the exchanges enjoy broad operational freedom based on vaguely worded terms. India currently lacks clear laws prohibiting exchanges from misappropriating customer assets, and regulatory loopholes have made enforcement increasingly difficult. Analysts point out that without clear restrictions, investors may still face potential loss risks when platform operations fail or financial management is poor.

](<p class=)

[](<p class=)[One of Japan's largest financial institutions, Japan Post Bank, plans to launch a digital currency in 2026 and may allow users to use this digital currency for transactions involving blockchain-based financial products, such as security tokens and NFTs.

]( Launching digital currency in 2026

<p class=)

[Project/Company Updates]( Launching digital currency in 2026<p class=)

[Sanwei Xinan stated on the interactive platform that RWA, stablecoins, and other Web3.0 applications are all based on blockchain technology. The company has years of technical accumulation in the field of blockchain security, and the GM/T0111-2021 "Technical Requirements for Blockchain Cryptography Applications" formulated by the company is the first blockchain cryptography industry standard in China. The first batch of blockchain cryptographic machines that passed national commercial secret certification has been applied in several blockchain infrastructure projects in China; the company meets the internationally certified FIPSHSM and can provide secure digital asset custody. Hardware wallet products have been applied in cryptocurrency exchanges. As a vice-chairman unit of the Hong Kong Web3.0 Standardization Association, the company actively participates in the formulation of standards and technical specifications, and is actively laying out Web3.0 application scenarios such as stablecoins and RWA, focusing on providing products or solutions in areas such as RWA data on-chain, hot and cold wallets, and asset custody.

]( Actively laying out Web3.0 application scenarios<p class=)

[]( Actively laying out Web3.0 application scenarios<p class=)[

]( StockX reaches settlement in NFT and counterfeit sneaker trademark dispute

Nike and the Detroit online trading platform StockX reached a settlement last Friday in the New York federal court regarding the NFT and trademark misuse dispute related to sneakers, after a judge had ruled that the resale platform had been selling counterfeit sneakers for over six months. The lawsuit began in February 2022 in the Southern District of New York, where Nike accused StockX of trademark infringement and brand dilution, claiming that its "Vault" series NFTs used images of Nike sneakers without authorization and sold tokens linked to physical shoe models.

<p class=)

[]( StockX reaches settlement in NFT and counterfeit sneaker trademark dispute

Nike and the Detroit online trading platform StockX reached a settlement last Friday in the New York federal court regarding the NFT and trademark misuse dispute related to sneakers, after a judge had ruled that the resale platform had been selling counterfeit sneakers for over six months. The lawsuit began in February 2022 in the Southern District of New York, where Nike accused StockX of trademark infringement and brand dilution, claiming that its "Vault" series NFTs used images of Nike sneakers without authorization and sold tokens linked to physical shoe models.

<p class=)[OpenAI plans to establish a data center in India with a capacity of at least 1 gigawatt, marking an important step in advancing its "Stargate" brand artificial intelligence infrastructure in Asia. This data center is expected to become one of the largest facilities in India. Previously, tech giants such as Microsoft and Alphabet, Google's parent company, have invested in building such facilities in India.

]( Plans to establish a data center in India with a capacity of at least 1 gigawatt<p class=)

[]( Plans to establish a data center in India with a capacity of at least 1 gigawatt<p class=)[According to PeckShield monitoring, there were approximately 16 major attack incidents in the Web3 field in August, resulting in total losses of about $163 million, an increase of 15% compared to July (approximately $142 million).

]( In August, there were approximately 16 major attack incidents in the Web3 field, resulting in losses of about $163 million<p class=)

[]( In August, there were approximately 16 major attack incidents in the Web3 field, resulting in losses of about $163 million<p class=)[Japanese listed company Metaplanet will hold a shareholders' meeting today in Tokyo to vote on the plan to "sell up to 550 million new shares overseas." This plan aims to raise approximately $884 million and intends to use 95% of the funds to purchase more Bitcoin.

]( Shareholders' meeting will vote on the $884 million fundraising plan<p class=)

[]( The shareholders' meeting will vote on the $884 million fundraising plan<p class=)[The Trump family's cryptocurrency project WLFI announced that USD1 has been launched on Solana and is integrated with Raydium, BONK.fun, and Kamino.

]( Launched on Solana<p class=)

[]( Launched on Solana<p class=)[Coinbase and OKX are launching a series of products aimed at guiding pension funds from Australia's AUD 4.3 trillion retirement system into the cryptocurrency space. These products will initially focus on self-managed superannuation funds (SMSFs). These funds give individuals broad investment autonomy and currently account for about a quarter of Australia's pension pool. As of March this year, the cryptocurrency holdings of such funds remain low, at about AUD 1.7 billion, but have increased sevenfold since 2021.

]( Launching products aimed at guiding Australian pensions into cryptocurrency with OKX<p class=)

[In-Depth & Outlook]( Launching products aimed at guiding Australian pensions into cryptocurrency with OKX<p class=)

[Since the market peaked in 2022, funding has shrunk in 2023, gradually warming up in 2024, and entering a full acceleration phase in 2025. In just Q2 of 2025, there were 31 transactions exceeding $50 million, with IPOs, mergers and acquisitions, and debt financing becoming the main growth drivers.

]( Cryptocurrency VC enters a new cycle of "consolidation + IPO": regulatory clarity, market warming, and IPO recovery<p class=)

[]( Cryptocurrency VC enters a new cycle of "consolidation + IPO": regulatory clarity, market warming, and IPO recovery<p class=)[On the surface, RWA seems like a simple task of "putting assets on-chain and finding investors"; however, when it comes to implementation, one is faced with a bill ranging from 3 million to 6 million RMB. The technical aspects require deploying blockchain, integrating IoT, completing smart contract development, and third-party auditing.

Perspective

]( The thorns and golden path of RWA<p class=)

[]( The thorns and golden path of RWA<p class=)[Behind the myth of immense wealth lies significant uncertainty. This highly anticipated Trump family project, will it continue to create a surge myth like TRUMP Meme, or will it be "peak upon launch"?

]( Set to launch, early investors reaping 20 times returns, is it peak upon launch or a continuation of the surge myth?<p class=)

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