Organized by: Nona, Techub News
**TinTinLand
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Fear and Greed Index: 41 (Greed)
Bitcoin Price: $110,573
BTC/ETH Spot ETF Fund Flow (9.4)
BTC Net Outflow: $357.65 M
ETH Net Outflow: $316.21 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (9.4)
BTC Net Inflow: 0 BTC
ETH Net Outflow: 0.02 ETH
[Guofu Quantum Innovation Co., Ltd. (]( RWA Related Fund
[
Hong Kong-listed company Haotian International announced that it previously raised a net amount of approximately HKD 492.5 million through a special authorization to place new shares, with the original plan to use 72.66% for the development of an internet data center on Malaysian land, 15.68% for general operating funds, and 11.66% for loan repayment. As of the announcement date, approximately HKD 135 million has been used for operations and loan repayment; the remaining HKD 357.5 million was originally planned for the development of the internet data center and has not yet been used. The board has decided: on September 3, 2025, to change the use of the remaining funds to purchase cryptocurrency Ethereum, expected to be fully utilized within a month.
]( HKD 357.5 million placement funds to be reinvested in Ethereum, expected to be fully utilized within a month
[Hong Kong Legislative Council member Wu Jiezhuang recently stated in an interview that Hong Kong's stablecoin regulations are very strict, with very few licenses issued, and perhaps one license will be issued early next year. After the license is issued, it must also comply with the legal requirements of the application party's country. In addition, the Hong Kong Legislative Council will also expedite the legislative process for offline OTC next year.
](<p class=)
[](
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.
<h3 dir=)[
]( Selected Activities in Hong Kong in 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.
<h3 dir=)[]( Selected Activities in Hong Kong in 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.
<h3 dir=)[European Central Bank President Christine Lagarde stated that the EU should impose the same standards on non-EU stablecoin issuers as on EU issuers. Lagarde warned that MiCA still has loopholes, especially in joint issuance plans for alternative stablecoins by EU and non-EU entities.](<p class=)
[](<p class=)[The Australian Taxation Office (ATO) released data showing that despite the rise in the cryptocurrency market, the cryptocurrency holdings of self-managed superannuation funds (SMSF) in Australia have decreased by about 4% year-on-year. Adjusted data indicates that as of June 2025, SMSF's cryptocurrency holdings amount to AUD 3.02 billion (approximately USD 1.97 billion), a decrease of about AUD 100 million from AUD 3.12 billion reported in June 2024.
]( Decreased by about 4% year-on-year in June
[]( Decreased by about 4% year-on-year in June<p class=)[Ukrainian parliament member Yaroslav Zhelezniak stated on social media that the Ukrainian parliament passed a first reading of a bill on the legalization and taxation of cryptocurrency on Wednesday. The draft bill stipulates an 18% income tax and a 5% military tax on digital asset gains. The bill provides for a preferential tax rate of 5% for the first year of digital asset conversion to fiat currency. Zhelezniak stated in a statement: "There is not much point in detailed discussion now; there will be many changes before the second reading. It is still unclear whether the regulatory authority is the National Bank of Ukraine or the National Securities and Stock Market Commission."
](<p class=)
[](<p class=)[Bank of England Deputy Governor Sarah Breeden discussed stablecoins in a speech today. The central bank outlined its plans for stablecoins in 2023, with Sarah stating that systemic stablecoin issuers will be able to hold "a portion" of their supporting assets in high-quality liquid assets, such as short-term government bonds. Sarah also mentioned that the initial focus of stablecoins was on retail use cases, but times are changing. Now, as part of the UK's digital securities sandbox, both stablecoins and tokenized deposits will be used for the settlement of tokenized securities. This is a relatively new change, as stablecoins were initially excluded from the sandbox.
](<p class=)
[](<p class=)[The Pakistani Ministry of Finance announced that the State Bank of Pakistan will withdraw its warning against cryptocurrency trading. The State Bank of Pakistan is working to launch a digital currency.
](<p class=)
[Ripple has partnered with three institutions, Chipper Cash, VALR, and Yellow Card, to open RLUSD to African financial institutions. In addition to launching RLUSD in Africa through new partnerships, its stablecoin is being used to support a pilot project led by Mercy Corps Ventures in Kenya for disaster relief from extreme weather events.
]( Opening RLUSD to African financial institutions<p class=)
[]( Opening RLUSD to African financial institutions<p class=)[The Uniswap community voted to pass the "Establish DUNI Legal Entity" temperature check proposal, which will undergo a second on-chain vote in the future. Previously, the Uniswap Foundation proposed to establish a new legal entity DUNI for its governance organization, adopting the decentralized unincorporated nonprofit organization (DUNA) framework of Wyoming. The proposal will allocate USD 16.5 million worth of UNI tokens to the new entity DUNI for past tax and legal defense budgets. The new entity does not change the Uniswap protocol, tokens, or governance structure, and fee income cannot be directly distributed to UNI holders. The Uniswap Foundation stated that adopting the DUNA framework will pave the way for Uniswap to open protocol fees, transferring a small portion of LP fees to the DAO treasury.
]( Community vote passes the "Establish DUNI Legal Entity" temperature check proposal<p class=)
[]( Community vote passes the "Establish DUNI Legal Entity" temperature check proposal<p class=)[
U.S. Bancorp announced the reintroduction of cryptocurrency custody services for institutional clients. The product range has been expanded to include Bitcoin ETFs.
]( ETF<div data-v-f233673d=)
[According to an announcement released on Wednesday, Nasdaq-listed cryptocurrency company Galaxy Digital has launched a plan to tokenize its SEC-registered equity directly on a mainstream blockchain. Starting today, shareholders can tokenize their GLXY shares through Superstate's Opening Bell platform. Galaxy's tokenized shares will be open to approved KYC (Know Your Customer) investors, who can hold and transfer these shares in their crypto wallets.
]( Digital will tokenize its SEC-registered shares on Solana<p class=)
[]( Digital will tokenize its SEC-registered shares on Solana<p class=)[
Coinbase Derivatives will launch a mixed index Mag7 + cryptocurrency stock index composed of traditional stocks and cryptocurrencies, including the top seven technology companies in the U.S. stock market, Coinbase Global Inc. (COIN) stock, and cryptocurrency ETFs iShares Bitcoin Trust ETF (IBIT) and iShares Ethereum Trust ETF (ETHA).
]( Derivatives will launch a mixed index composed of traditional stocks and cryptocurrencies<div data-v-f233673d=)
[TON Strategy Company (Nasdaq: TONX) board has unanimously approved a stock repurchase plan, authorizing the company to repurchase up to USD 250 million of common stock. Under the plan, the company may repurchase shares from time to time through open market transactions or other means that comply with applicable securities laws and regulations. Company Executive Chairman Manuel Stotz stated that, aside from market conditions and other factors, if the company's stock price is at a premium to net asset value, the company may consider issuing shares to purchase TON tokens. Conversely, if the company's stock price is at a discount to net asset value, the company may consider repurchasing its own shares.
]( Strategy Company approves USD 250 million stock repurchase plan<p class=)
[]( Strategy Company approves USD 250 million stock repurchase plan<p class=)[
The world's largest prediction market Polymarket has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to return to the U.S. market. The platform, founded in 2020, was previously accused by the CFTC of operating an unregistered derivatives market and reached a settlement with U.S. users in 2022, ceasing operations. On Wednesday, the CFTC issued a "no-action letter" to Polymarket's U.S. registered exchange and clearinghouse QCEX, which it acquired for USD 112 million in July this year, allowing it to provide prediction market services for events such as elections while exempting it from certain record-keeping requirements. Polymarket did not disclose a specific timeline for its return.
]( Approved by CFTC to return to the U.S. market<div data-v-f233673d=)
[The American Bitcoin mining company, owned by the Trump family, has applied to raise up to $2.1 billion through a public offering. American Bitcoin will be listed this Wednesday, officially trading on the Nasdaq Stock Exchange after completing its merger with Gryphon Digital Mining. Donald Trump Jr., the eldest son of Trump, along with his second son Eric Trump and the mining company Hut 8, will collectively own 98% of the new entity post-merger. The new entity will retain the name American Bitcoin and trade under the stock code ABTC.
]( American Bitcoin applies to raise up to $2.1 billion through a public offering<p class=)
[Ondo Finance enters the market with a compliance-first approach, resembling a directional exploration at this intersection filled with uncertainties. Can it leverage its strong licensing advantages to carve a path for the market under a stringent regulatory framework and truly attract incremental capital from both worlds?
]( Knocking on a new door, is stock tokenization "old wine in new bottles," or the next revolution in financial markets?<p class=)
[]( Knocking on a new door, is stock tokenization "old wine in new bottles," or the next revolution in financial markets?<p class=)[The rise of Huaxing coincided with the golden era of China's internet, from 0 to 1 and then to 100. It was a wild era: startups needed to grow rapidly, giants were eager to acquire market segments, and capital was keen on storytelling. Huaxing played the role of a "super matchmaker" in this capital frenzy.
Perspective
]( Web3<p class=)
[]( Web3<p class=)[](
Tokenization of private companies faces significant challenges, including resistance from founders, legal risks, false "governance" rights, and insufficient liquidity, while prediction markets can more easily meet similar demands.
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