Bitcoin Purchase Strategy
Strategy purchased an additional 4,048 Bitcoin last week. With this purchase, the company’s total assets reached 636,505 BTC. The company thus continues to hold the largest Bitcoin reserves among publicly traded companies.
Cango Inc. August Bitcoin Production
Cango Inc., a Bitcoin mining company listed on the NYSE, announced that it produced a total of 663.7 BTC in August. With an average daily production of 21.41 BTC, the company’s total assets reached 5,193.4 BTC. In addition, a new 50 MW Bitcoin mine was purchased in the state of Georgia.
Decrease in Bank Inspections by US Regulators
It was reported that the OCC, Fed, and CFPB in the US have reduced, postponed, or canceled some bank inspections. These changes cover both large and medium-sized banks. The reduction in the scope of inspections provides temporary relief from the regulatory burden.
Yunfeng Financial Ethereum Purchase
Yunfeng Financial announced that it has approved the purchase of Ethereum as a reserve asset. The group purchased 10,000 ETH from the market, financed from its own cash reserves. The total cost of this purchase, including expenses, was recorded at $44 million.
SharpLink Ethereum Purchase
SharpLink announced that it recently purchased 39,008 ETH. The average purchase price was $4,531, bringing the company’s total holdings to 837,230 ETH. The total value of these holdings is approximately $3.6 billion. The company also earned 2,318 ETH in staking rewards and increased its cash reserves to over $71.6 million.
Hyperliquid Revenue Data
According to DefiLlama data, Hyperliquid’s annualized fee revenue reached $1.345 billion. Fee revenue over the last 30 days was $110.26 million, while cumulative revenue rose to $660.98 million. During the same period, annualized total revenue was $1.251 billion, and cumulative total revenue was $636.46 million.
Gemini IPO Application
Gemini announced that it has initiated the initial public offering (IPO) process. The company, which has applied to trade on the Nasdaq Global Select Market under the ticker symbol GEMI, plans to price 16,666,667 Class A common shares in the range of $17–19. Goldman Sachs and Citi are leading the process, while Morgan Stanley and Cantor are also among the bookrunners.
Starknet Network Crashes
According to a statement from Starknet’s official account, the network has crashed again. The engineering team has begun repair work and stated that updates on progress will be shared later. No details have yet been provided on the cause of the crash.
Ether Machine Funding
According to a Reuters report, Ether Machine raised $654 million in a private sale. Jeffrey Berns, a long-time supporter of the investment, led the round and joined the company’s board of directors. Ether Machine has 495,362 ETH (approximately $2.16 billion) and $367 million in cash assets following the merger.
Chinese Investors’ Participation in WLFI
The token of World Liberty Financial ($WLFI), which is linked to the Trump family, was listed on major exchanges on September 1, 2025. Many Chinese entrepreneurs and investors also joined the project. Among them are Ankr founder Ryan Fang, Paxos co-founder Rich Teo, Scroll founder Sandy Peng, and Falcon Finance, backed by DWF Labs. Additionally, Sun Yuchen invested $75 million in the project.
