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Chinese Tech Firms Exit Hong Kong's Crypto Market: Impact and Uncertainties

Key Points: Major Chinese tech firms reportedly exit Hong Kong’s cryptocurrency market.
No official confirmation from companies or regulatory bodies.
Stablecoin license applications possibly impacted by regulatory uncertainties.
Major Chinese internet firms may exit cryptocurrency activities in Ho
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SEC Delays Franklin's Solana ETF Decision to November 2025

Key Points: SEC delays Franklin’s Solana ETF review from September to November 2025.
Institutional investors remain on hold pending regulatory approval.
Market reactions show delayed SOL inflows and cooled speculative activity.
The SEC has postponed the decision on Franklin Templeton’s Solana ETF
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USDC Treasury Executes 55 Million USDC Token Burn

Key Points: Circle’s USDC Treasury burned 55 million USDC on Ethereum.
Routine supply management action with minimal immediate market impact.
No significant shifts in leadership or regulatory reaction noted.
On September 11, Circle’s USDC Treasury destroyed 55 million USDC on Ethereum, worth
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Kiln Exits 1.6 Million ETH Following SwissBorg Breach

Key Points: Kiln exits 1.6 million ETH due to security breach.
ETH likely restaked, not sold.
Immediate market turbulence expected.
Kiln has begun a phased withdrawal of approximately 1.6 million ETH from the Ethereum PoS network following a SwissBorg-related security breach, as stated by Kiln
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Ant Group's Compliance and Tech Strategy at 2025 Inclusion Beach Conference

Key Points: Ant Group prioritizes compliance and tech infrastructure at a major conference.
No intent to issue virtual currencies or engage in speculation.
Focus on technological innovation over existing market gains.
During the Inclusion 2025 Conference in Shanghai, Ant Group CEO Han Xinyi
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WLFI Teams with Solana Partner for Project Wings Launch

Key Points: Project Wings launches USD1 pair on Bonk.fun, Raydium.
Event impacts SOL liquidity and trading.
No official statements from leaders.
WLFI has partnered with its ecosystem partner on Solana to launch Project Wings, introducing the USD1 trading pair on BONK.fun and Raydium Launchpad
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The SEC Delays Decision on Fidelity's Ethereum Spot ETF

Key Points: Key Point 1
Key Point 2
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The SEC has delayed its decision on Fidelity’s proposed Ethereum spot ETF with staking features, extending the review period to November 13, 2025.
This postponement underscores regulatory caution, with significant Ethereum withdrawals noted,
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SEC Chairman Paul Atkins Advances Unified Crypto Regulatory Framework

Key Points: Paul Atkins, SEC Chairman, announces a new crypto regulatory framework, shifting focus from enforcement to clear rules.
Innovation welcomed with flexible custody solutions and international cooperation aims.
Anticipated industry adjustments as digital asset platforms prepare for
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Tetra Digital Group Secures $10M for Canadian Stablecoin Development

Key Points: Tetra Digital Group raises $10M for stablecoin development.
Fiat-backed Canadian stablecoin launch planned for 2026.
No official statements from leadership or regulators yet.
Tetra Digital Group announced a $10 million funding round on September 8, aiming to launch Canada’s first
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Hong Kong Fund Explores Bitcoin Exposure via Regulatory Loopholes

Key Points: Indirect Bitcoin investment via stocks led by unnamed Hong Kong fund.
Allows state-owned capital crypto exposure.
Regulatory workaround boosts equities demand.
A Hong Kong-based fund, backed by state-owned enterprises, is moving forward with a project connecting digital and equity
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Altvest

Key Points:
Altvest to rebrand as Africa Bitcoin Corp and raise $210M for BTC reserves.
Corporate Bitcoin holdings surpass 1M BTC, led by MicroStrategy with 636,505 BTC.
Glassnode data shows strong long-term holder conviction despite market volatility.
South Africa’s Altvest Capital
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Major Banks Target Hong Kong Stablecoin Licenses

Key Points: ICBC Asia and HSBC signal their interest in stablecoin licenses.
The HKMA plans to initially approve fewer than 10 licenses.
Hong Kong’s stablecoin regulation sets a potential precedent for Asia.
ICBC Asia and HSBC are planning to apply for stablecoin issuer licenses from the Hong Kong
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FutureCrest Acquisition Files for $250 Million IPO on NASDAQ

Key Points: FutureCrest plans $250 million IPO on NASDAQ.
Focus on digital assets and fintech sectors.
Cantor Fitzgerald serves as the sole underwriter.
FutureCrest Acquisition, led by BitMine chairman Tom Lee, filed with the SEC to raise $250 million in an IPO for potential mergers in fintech and
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Nemo Protocol Hacked on Sui Network; $2.4 Million USDC Stolen

Key Points: Nemo Protocol lost $2.4 million after Sui network hack.
No public comments from Nemo or Sui leaders.
USDC was the primary affected asset.
Nemo Protocol experienced a $2.4 million hack on Sui Network, September 8, 2025, with USDC assets stolen and transferred from Arbitrum to
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EU’s 19th Sanctions to Hit Russian Finance and Crypto Sectors

Key Points: The EU is developing sanctions targeting Russian banks, energy firms, and the cryptocurrency sector.
New measures include expanding restrictions and introducing financial limitations, with coordination from U.S. representatives.
The sanctions aim to restrict Russia’s access to
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