Hong Kong Web3 Daily Must-Read: Yunfeng Financial, in which Jack Ma holds shares indirectly, has purchased 10,000 ETH, and the Venus protocol has suffered an attack resulting in a loss of approximately 30 million dollars.
整理：Nona，Techub News
**TinTinLand
**
Fear and Greed Index: 42 (Greed)
Bitcoin Price: $111,223
BTC/ETH Spot ETF Fund Flow (9.2)
BTC Net Inflow: $259.90 M
ETH Net Outflow: $135.37 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (9.2)
BTC Net Inflow: 0 BTC
ETH Net Inflow: 0 ETH
[](
According to the Hong Kong Securities and Futures Commission, the commission has permanently banned Sun Jianrong from re-entering the industry.
According to Wall Street News, DCG is considering an IPO in Hong Kong to raise approximately $500 million.
Hong Kong-listed company Haotian International Construction Investment announced that its wholly-owned subsidiary, Haotian International Securities, plans to apply to the Hong Kong Securities and Futures Commission for a comprehensive account arrangement to provide virtual asset trading services. If approved by the Hong Kong Securities and Futures Commission, the company will be able to offer virtual asset trading services to retail customers.
Yunfeng Financial announced yesterday that it has reached a strategic cooperation agreement with Ant Group; and will make a strategic investment in Pharos. The two parties will jointly and compliantly expand into cutting-edge fields such as real-world asset (RWA) tokenization and Web3 through the Pharos high-performance public chain platform. Hong Kong stock Yunfeng Financial (00376.HK) opened up 12.24% today, currently reported at HKD 3.76.
<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.
For investors, it is more important to track: whether positions are recorded and verifiable, whether custody and on-chain disclosures are sufficient, the per-share holdings and NAV premium/discount of treasury stocks, refinancing rhythm and staking/unlocking arrangements, as well as strategy continuity and governance. Only under the premise of more transparent and verifiable information disclosure and constraint mechanisms can DAT possibly transition from being "theme-driven" to a sustainable asset allocation tool.
<h3 dir=)
[
]( Comparing with SOL Reserve Company: Are Asia and Wall Street in the US taking sides?
For investors, it is more important to track: whether positions are recorded and verifiable, whether custody and on-chain disclosures are sufficient, the per-share holdings and NAV premium/discount of treasury stocks, refinancing rhythm and staking/unlocking arrangements, as well as strategy continuity and governance. Only under the premise of more transparent and verifiable information disclosure and constraint mechanisms can DAT possibly transition from being "theme-driven" to a sustainable asset allocation tool.
<h3 dir=)
[]( Comparing with SOL Reserve Company: Are Asia and Wall Street in the US taking sides?
For investors, it is more important to track: whether positions are recorded and verifiable, whether custody and on-chain disclosures are sufficient, the per-share holdings and NAV premium/discount of treasury stocks, refinancing rhythm and staking/unlocking arrangements, as well as strategy continuity and governance. Only under the premise of more transparent and verifiable information disclosure and constraint mechanisms can DAT possibly transition from being "theme-driven" to a sustainable asset allocation tool.
<h3 dir=)[European Central Bank Executive Board Member Schnabel stated that global interest rate hikes may come earlier than people think, "I see no reason for further rate cuts."
](<p class=)
[](<p class=)[The Yueyang police successfully cracked a major virtual currency money laundering case. The criminal gang disguised as "blockchain over-the-counter trading merchants" attracted "cannon" to provide bank cards at a price of 0.8 yuan above the market price for each USDT, providing a money laundering channel for illegal funds related to overseas online gambling and telecom fraud. Since July 2024, the gang has built a four-level money laundering network, processing illegal funds of approximately 170 million yuan, with illegal profits exceeding 1 million yuan, spanning more than 20 provinces and cities across the country. Currently, the police have arrested 15 criminal suspects, and the case is under further investigation.
](<p class=)
[](<p class=)[The Party Group of the Ministry of Industry and Information Technology conducted theoretical learning center group studies, emphasizing the need to unswervingly expand high-level opening up, make good use of both domestic and international markets and resources, promote mutual reinforcement of domestic and international dual circulation, and cultivate new advantages for China's participation in international cooperation and competition. It is necessary to "bring in" at a higher quality, build a first-class business environment that is market-oriented, law-based, and internationalized, and encourage foreign-funded enterprises to deeply participate in the new industrialization process. It is necessary to "go out" at a higher level, encourage enterprises to diversify their layout and international development, and deepen complementary cooperation in industrial advantages with countries along the "Belt and Road." It is necessary to actively participate in global governance in fields such as digital economy, artificial intelligence, radio frequency spectrum, and communication infrastructure, promote the construction of a new industrial revolution partnership network, and push for the establishment of a safe, stable, smooth, efficient, open, inclusive, and mutually beneficial global industrial chain supply chain system.
](<p class=)
[Project/Company Dynamics](<p class=)
[Japanese cryptocurrency exchange Coincheck has acquired the regulated digital asset broker Aplo in France. Coincheck Group stated that this acquisition will help it expand into the European market. The transaction is expected to be completed by October 2025, and all issued shares of Aplo will be converted into newly issued common stock of Coincheck Group.
]( Coincheck acquires regulated digital asset broker Aplo in France
