the Hong Kong Securities and Futures Commission released the Quarterly Report for April to June 2025, disclosing that as of the end of July, the number of licensed virtual asset trading platforms in Hong Kong has increased to 11, while the number of licensed corporations allowed to provide virtual asset trading services is 57. As of the end of June, the market value and daily average trading volume of the first batch of 6 virtual asset spot ETFs recognized by the Hong Kong Securities and Futures Commission have increased by 73% and 13% respectively since their listing. Currently, the number of virtual asset spot ETFs recognized by the Hong Kong Securities and Futures Commission has increased to 9.

according to the official announcement, Upbit will list TREE Korean won, BTC, and USDT trading pairs.

according to Lookonchain monitoring, an address marked as "whale" 0xa523 is continuously increasing its long position in Ethereum (ETH), with a total holding amount of 86,845 ETH, worth approximately 2.977 billion US dollars. The estimated liquidation price of this position is $4,342.8.

the US trading app Webull launched cryptocurrency services in Australia on Wednesday, offering users hundreds of different digital assets. Experts say this move will force local exchanges to lower fees, otherwise they may lose customers.

On August 28th, according to CryptoISO, BitMine has reported holding over 1.7 million ETH. In order to reach the reserve target of 5% of the Ethereum supply, an additional purchase of approximately 4.3 million ETH is needed. At the current price ($4534), this transaction would cost around $19.5 billion. When the ETH price approaches $4200, this cost will decrease to around $18.2 billion. The estimated daily trading volume of ETH is between $30 billion and $50 billion.

On August 28th, according to the relevant governance page, the proposal "Achieving major consensus upgrade with 150ms block final confirmation" (SIMD-326) has entered the voting stage.

 Philippine Senator Bam Aquino hopes to put the country's national budget on a blockchain platform, saying that this will allow every peso spent to be tracked by the public.

the Bitcoin programmable layer project Hemi has launched the GENESIS DROP application inspection portal. Users can connect to query the number of HEMI tokens.

according to CryptoQuant monitoring, the growth of stablecoin liquidity has slowed down, with the market cap expansion dropping to about $1.1 billion per week, significantly lower than the $4 to $8 billion per week during the Bitcoin bull run at the end of 2024. In addition, the 60-day growth of USDT is about $10 billion, lower than the peak of over $21 billion. Despite the slowdown in issuance speed, the total reserves of stablecoins on exchanges reached a historical high of $68 billion on August 22, with USDT accounting for $53 billion and USDC accounting for $13 billion. The growth of stablecoin market cap continues to be positive, but the slowing growth rate suggests that market liquidity support is weakening, or may be more inclined to enter a consolidation phase rather than a sustained parabolic uptrend.

pump.fun stated in a post that it bought about $10.65 million worth of PUMP tokens in the past week, equivalent to 99.32% of total income during that period (August 20 to August 26).

the market shows SOL breaking through $210, now trading at $210.05, with a 24-hour increase of 2.42%. The market is volatile, please manage risks.

On August 28th, SOON Foundation announced the first batch of airdrop rules for the Hyperliquid copy-trading platform simpfor.fun, with an expected distribution of 1,500,000 $SOON tokens.

 according to Onchain Lens monitoring, the whale qianbaidu.eth deposited $5.72 million into Hyperliquid, bought 81,572.11 HYPE tokens for $3.94 million, still holding $1.787 million USDC, and holding open orders for HYPE at a price of $48.20.

in the past 30 hours, 4 new wallets (possibly related to Bitmine) have received 78,891 ETH (worth approximately $358.16 million).

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7:00-12:00 Keywords: US SEC, Yellen, Goldman Sachs

Lee Chang-yong, the Governor of the Bank of Korea, stated that he has started a dialogue with the Minister of Finance and regulatory agencies on the issue of stablecoins. 

 former US Treasury Secretary Yellen wrote in response to the controversy caused by Trump's dismissal of Federal Reserve Board member Powell: Trump claimed to "dismiss" Powell with "just cause", this move is not only illegal, but also extremely dangerous. This is a direct attempt to politicize the Federal Reserve, it is intimidation of its leadership, and an attempt to force monetary policy to conform to the will of the president. This move could end the independence of the Federal Reserve - and what will follow is the collapse of the credibility of US monetary policy at home and abroad. Yellen called on Congress to defend the independence of the Federal Reserve, the courts must reject this illegal abuse of power, and the financial sector must also speak out against this direct attack on the credibility of the US dollar.

 Paul Lee, co-founder and managing partner of Lobo Ventures, announced at the 2025 Asian Bitcoin Conference that Bitplanet plans to establish a company specifically for holding Bitcoin in custody, and will invest $40 million in Bitcoin acquisitions.

according to the 13F filing, Goldman Sachs holds $721 million worth of Ethereum ETF, making it the largest institutional holder, followed by Jane Street (holding $190 million) and Millennium (holding $186 million).