Crypto Market Trends and Project Progress

Regulation and Macroeconomic Environment

A subsidiary of a securities company has obtained a Type 3 license for virtual assets in Hong Kong, allowing it to provide virtual asset trading services. The company stated that its wholly-owned subsidiary has been approved by the Hong Kong Securities and Futures Commission to offer virtual asset trading services through a comprehensive account arrangement.

A listed electric vehicle company announced that it will accept cryptocurrencies, including Bitcoin, for the purchase of its commercial electric vehicles.

Bhutan's Bitcoin holdings have reached $1.3 billion, accounting for nearly 40% of its GDP. Since it began mining Bitcoin in 2020, it has become the third-largest country in terms of Bitcoin reserves among governments five years later.

A certain Chinese brokerage's Hong Kong subsidiary has launched tokenized securities that accrue interest in US dollars, Hong Kong dollars, and offshore renminbi, named "GF Token". This token is aimed at institutional and professional investors and can be used to generate interest and convert between other tokenized assets.

The Hong Kong authorities have officially renamed "virtual assets" to "digital assets." The industry believes that "digital assets" covers a broader scope and presents a more positive image.

A senior spokesperson for India's ruling party has called for the launch of a Bitcoin reserve pilot project, stating that it is a strategic move towards economic resilience.

The chairman of the U.S. Senate Banking Committee stated that the crypto market structure bill will be completed by September 30.

The White House digital asset policy advisor confirmed that the U.S. is working on building the infrastructure for a strategic Bitcoin reserve.

Project Updates

A certain crypto market trading platform will launch Moonveil (MORE), and points can be used to claim airdrops.

A certain crypto investment institution profited more than four times by selling the staking rewards of a certain project, achieving high returns without selling its main investments.

The encryption trading platform XeggeX announced that it will soon shut down and apply for bankruptcy, due to issues including suffering from hacking attacks.

A certain asset management company updated its Top 20 assets list for the third quarter of 2025, adding AVAX and MORPHO, and removing LDO and OP.

Data and Trends

A well-known developer's address sold 20 trillion DOG tokens for 4.43 ETH, worth approximately $10,800.

The total net inflow of Bitcoin spot ETFs yesterday was $228 million, continuing a net inflow for 13 days. The ETF with the highest single-day net inflow reached $164 million.

"Satoshi Nakamoto Era" miners sold only 150 bitcoins in 2025, a significant decrease compared to 10,000 coins in the same period of 2024. The daily outflow of miners dropped from 23,000 coins in February to the current 6,000 coins.

A certain ETH staking whale/institution has transferred 41,400 ETH to exchanges in the past half month, expecting a loss of 28.8 million dollars.

A certain whale deposited 1,613 bitcoins into a certain trading platform, worth 173 million dollars.

Financing and Investment

The AI model market platform OpenRouter has completed $40 million in seed and Series A financing, with a valuation of approximately $500 million.

The Bitcoin financial platform Castle has completed a $1 million Pre-Seed funding round, which will be used for product development and market expansion.

Dubai's RWA tokenization infrastructure developer Byzanlink has completed a $1 million private placement financing.

Inference Labs, a crypto trust infrastructure, has completed a strategic financing round of $6.3 million.

The private equity tokenization platform Jarsy has completed a $5 million Pre-Seed funding round.

AI-driven global PEO platform Niural has completed a $31 million Series A financing.

Institutional Dynamics

Crypto mining company Bit Digital has raised $150 million to purchase ETH, planning to fully convert its Bitcoin holdings into Ethereum.

Two institutions deposited a total of 30 million USDC into a certain platform and started purchasing HYPE.

Bitcoin Treasury Corporation was listed on the Toronto Stock Exchange and completed its first purchase of 292.8 BTC.

Cloud computing company CoreWeave has once again proposed to acquire Bitcoin mining company Core Scientific.

Bakkt Holdings submitted a $1 billion shelf offering application to the SEC, which may use the proceeds to purchase Bitcoin and other cryptocurrencies.

A holding company has completed its first purchase of HYPE tokens, amounting to 2 million dollars.