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SharpLink announced that its board of directors has approved a stock buyback plan of up to $1.5 billion to enhance market support and optimize capital allocation. Co-CEO Joseph Chalom emphasized that this move aims to provide flexibility in response to situations where the stock price is below the net asset value of the ETH held, promoting sustainable shareholder value. The specific method of repurchase will depend on market conditions.

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SBI Holdings will acquire a majority stake in the Web3 media company CoinPost, expected to be completed on October 1, 2025. CoinPost is one of the largest #加密行业# and Web3 media in Japan. Both parties will expand media functions, support digital asset investment, and jointly host industry events to promote the implementation of Web3 in Japan.

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The latest data shows that publicly listed and upcoming mining companies account for over 32% of the #比特币# output, a significant increase compared to 21.1% during the same period last year. This growth is primarily driven by MARA, Cango, IRE, and CleanSpark, while some miners have reduced output due to a shift towards HPC or stagnation in growth.

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PwC recommends that Hong Kong establish a registration system for native assets #区块链# to promote asset tokenization and enhance Hong Kong's potential as a digital asset and wealth management center. Additionally, it suggests establishing a registration mechanism for the issuance and transfer of digital assets such as land, intellectual property, and equity investments to simplify processes and reduce transaction times.

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Bitcoin #ETF# # # 昨日总净流出 1.94 亿美元，持续 5 日净流出。最大单日净流入为灰度 # Bitcoin # 迷你信托 # ETF ###, net inflow of 4.9657 million USD, historical total net inflow reached 1.716 billion USD. BlackRock #ETF# ## yesterday net outflow of 127 million USD, currently historical total net inflow of 58.258 billion USD. Total assets net value is 144.481 billion USD, net asset ratio is 6.45%.

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Ethereum Spot #ETF# ETF ## 昨日总净流入 2.88 亿美元，结束连续四日流出。贝莱德（Blackrock） # ETHA net inflow for the day is 234 million USD, with a historical total net inflow of 12.047 billion USD; Fidelity ##### FETH daily net inflow is 28.5283 million USD, with a historical total net inflow of 2.538 billion USD. Total net asset value is 26.551 billion USD, with a net asset ratio of 5.18%.

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The cryptocurrency market remains sluggish, affected by U.S. economic data and hawkish comments from the Federal Reserve, with expectations for a rate cut in September cooling. Only the SocialFi sector saw a slight increase of 0.73%, with Toncoin ( #TON# ) rising by 1.92%. #比特币# ( #BTC# ) fell by 1.54%, remaining below $113,000; #以太坊# ( #ETH# ) decreased by 1.80%, fluctuating around $4,200. Other sectors generally declined.

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Pennsylvania Democratic Representative Ben Waxman has proposed a bill (HB1812) that aims to prohibit public officials and their immediate family members from profiting from cryptocurrencies during their terms, including the issuance, promotion, or trading of their held digital assets. The bill stipulates that no cryptocurrency trading exceeding $1,000 can take place during their term and for one year after leaving office, with violators facing up to 5 years in prison or a maximum fine of $50,000.

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Stablecoin payment processor Loop Crypto has completed a strategic funding round co-led by VanEck and Fabric Ventures, raising a total of $6 million. The company focuses on building stablecoin payment infrastructure and has developed innovative features such as stablecoin subscription payments.

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The digital asset trading company LO:TECH has completed a $5 million seed round financing, led by 13 books Capital, with participation from Lightspeed Faction, Veris Ventures, CRIT Ventures USA, and angel investors Mark Ransford and Rodney Ngone. The new funding will be used to build a unified high-frequency infrastructure for on-chain capital markets.

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Programmable data chain Irys has completed a $10 million Series A funding round, led by CoinFund, with participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group, and WAGMI Ventures. This round of financing brings Irys's total funding to $20 million.

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The market capitalization of BNB has surpassed 119 billion USD, exceeding Rolls-Royce, and its global asset market value ranking has risen to 187. #BNB#

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Kanye West previously released a token issuance video on the domestic social platform Xiaohongshu, with the video published at 11:24 AM, about 1 hour later than the YZY token issuance. The page shows that this account has previously posted a total of 3 updates.
Summary: Kanye West posted a video about the YZY token on Xiaohongshu at 11:24 AM, about 1 hour later than the YZY token launch. The account has a total of 3 posts.

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The Beijing Second Intermediate People's Court recently heard a case involving the use of virtual currency transactions to conceal and hide criminal proceeds, sentencing the defendant Liu to 3 years and 6 months in prison. Liu knowingly sold #USDT# to He, who was holding cash that Liu knew was criminal proceeds, for a cash payment of 200,000 yuan. The judge reminded the public to be vigilant about abnormal trading activities in the virtual currency sector, as participating in such transactions may violate criminal law.

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Federal Reserve Governor Waller calls for embracing artificial intelligence and stablecoins to drive payment innovation and boost the U.S. economy. He emphasizes the efficiency of distributed ledger technology and points out the potential of decentralized finance in the payment sector, suggesting that a collaboration between the private sector and the Federal Reserve could create a win-win situation. #美联储# #AI# #稳定币# #支付创新# #去中心化金融# #分布式账本技术#

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Federal Reserve Governor Waller stated that the Federal Reserve is studying the application of tokenization and artificial intelligence in the payment sector.

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Australian crypto lending platform Block Earner has announced the completion of a new round of financing totaling $8 million, led by Titan Fund under CMCC Global, with participation from King River Capital. The new funds will be used to launch a Bitcoin-backed home loan deposit product, allowing customers to repay loans using #比特币# Bitcoin## or a combination of both.

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Ethereum Spot #ETF# had a total net outflow of 430 million USD yesterday, reaching the second highest in history. Fidelity ## # FETH had a net outflow of 156 million USD, with a total net inflow of 2.501 billion USD. Grayscale # ETF# ETHE had a net outflow of 122 million USD, with a total net outflow of 4.527 billion USD. Currently, the total asset net value of Ethereum Spot ### is 25.93 billion USD.

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China is considering allowing the use of a yuan-backed stablecoin for the first time to promote the internationalization of the yuan. Multiple sources have revealed that Chinese tech giants have proposed to regulators to issue a stablecoin linked to offshore yuan in Hong Kong. Shanghai regulators are actively researching policy responses to stablecoins, despite the fact that mainland China has banned cryptocurrency trading since 2021. This move aligns with the recent statements from the central bank of China, where the governor has pledged to expand the international use of the d