Blockchain Application CoinShares to Go Public in the US Through Business Merger - Digital asset management company CoinShares and publicly listed special purpose acquisition company Vine Hill Capital Investment Corp. announced they have entered into a definitive business merger agreement, which will allow CoinShares to be publicly listed on the Nasdaq Stock Market. The transaction is expected to drive CoinShares' strategic international expansion and enable U.S. investors to more directly participate in its global growth, including its anticipated expansion in the United States. The transaction values CoinShares at $1.2 billion, making it one of the largest publicly traded pure-play digital asset management companies in the world. Additionally, the company plans to issue 5,000,000 shares of common stock to private investors at $10.04 per share, raising approximately $50 million.
▌Nasdaq submits proposal to US SEC to allow trading of tokenized securities
According to Reuters, Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to amend the rules to allow securities listed in traditional digital or tokenized form to be traded on the Nasdaq exchange.
Market
As of press time, according to Coingecko data:
BTC price is $112,122, up or down 24 hours by +0.7%;
ETH price is $4,301.97, up or down 24 hours by -0.4%;
BNB price is $878.77, up or down 24 hours by -0.4%;
The price of SOL is $213.84, with a 24-hour increase or decrease of +3.3%; The price of DOGE is $0.2423, with a 24-hour increase or decrease of +6.0%; The price of XRP is $2.97, with a 24-hour increase or decrease of +2.8%; The price of TRX is $0.3309, with a 24-hour increase or decrease of -0.1%; The WLFI price is $0.2108, with a 24-hour change of -6.9%. Market News: EU May Impose Further Restrictions on Russian Cryptocurrency Trading Platforms, Etc. The European Union is considering new sanctions on approximately six Russian banks and energy companies as part of its latest round of pressure on Russia to end the Russo-Ukrainian conflict. The plan would be the 19th round of sanctions imposed by the EU since the Russo-Ukrainian conflict erupted in 2022. People familiar with the matter said the EU may also target Russia's payment and credit card systems, cryptocurrency trading platforms, and impose further restrictions on the country's oil trade. People familiar with the matter said the EU hopes to coordinate some of its latest measures with the United States. A delegation of EU officials will travel to Washington this week to meet with US officials to discuss the possibility of joint action. ICBC (Asia) and HSBC have expressed their intention to apply for stablecoin licenses with the Hong Kong Monetary Authority. According to market news released by the Hong Kong Economic Journal, ICBC's Hong Kong subsidiary, Industrial and Commercial Bank of China (Asia), has expressed its intention to apply for a stablecoin license with the Hong Kong Monetary Authority, joining Bank of China (Hong Kong) as another major Chinese bank to do so. HSBC has also expressed its intention to apply for a stablecoin license with the Hong Kong Monetary Authority, but it is unclear whether it will formally submit its application before the end of this month. The National Development and Reform Commission and the National Energy Administration issued implementation opinions on promoting the high-quality development of "artificial intelligence plus" energy. The guidelines state that by 2027, a converged innovation system for energy and artificial intelligence will be initially established, the foundation for the coordinated development of computing power and electricity will be continuously consolidated, and significant breakthroughs will be achieved in core AI-enabled energy technologies, with wider and deeper applications. By 2030, specialized AI technologies and applications in the energy sector will generally reach world-leading levels. The computing power and electricity coordination mechanism will be further improved, establishing a green, economical, safe, and efficient computing power utilization model. South Korea Requires Reporting When Proceeds from Virtual Asset Sales Are Used for Home Purchases. According to Digital Asset, the South Korean government has revised real estate transaction regulations, requiring that funds from the liquidation of virtual assets for home purchases be truthfully reported in the capital raising plan. The new regulations, jointly formulated by the Ministry of Finance, the Ministry of Land, Infrastructure and Transport, and other departments, aim to increase transparency in transaction funds and prevent illegal capital from flowing into the real estate market. Capital raising plans will include proceeds from virtual asset sales as owned funds, and supporting documentation will be required for related transactions. HashKey Group announced on September 8th its plans to launch Asia's largest multi-currency DAT ecosystem fund, with an initial fundraising of over $500 million. The fund will focus on DAT projects in the Ethereum (ETH) and Bitcoin (BTC) ecosystems. HashKey disclosed that the proposed fund will focus on DAT strategies, investing in a basket of DAT projects focused on mainstream crypto assets to build a diversified portfolio. Uniquely, it will be an open-end fund with regular subscription and redemption periods to align with the DAT's long-term operational objectives and liquidity.
▌Cryptocurrency concept stock BTCS approved a $50 million stock repurchase plan
According to SEC documents, cryptocurrency concept stock BTCS approved a $50 million stock repurchase plan on September 4.
▌Ledger CTO warns that the JavaScript ecosystem may be facing a large-scale hacker attack and recommends suspending on-chain transactions
Ledger's Chief Technology Officer issued a warning that the JavaScript ecosystem may be facing a "large-scale" encryption hacker attack and recommended that users temporarily avoid on-chain transactions. CoinShares: Digital Asset Investment Products See $352 Million Outflow Last Week CoinShares' latest report shows that digital asset investment products saw $352 million in outflows last week. A 27% month-over-month decline in trading volume, coupled with small outflows, suggests a cooling of market interest in digital assets. Year-to-date (YTD) inflows of $35.2 billion (on an annualized basis) are 4.2% higher than last year's $48.5 billion, suggesting that broader market sentiment remains strong. Bitcoin still saw net inflows of $524 million last week. Ethereum was the primary driver of this week's net outflows, with $912 million in outflows. Outflows have occurred every day for the past seven trading days and have affected numerous ETP issuers. Despite this, inflows for the year remain high at $11.2 billion. Strategy (MSTR.O) acquired 1,955 BTC for approximately $217.4 million between September 2 and September 7, at a price of approximately $111,196 per Bitcoin, and has achieved a 25.8% BTC return so far in 2025. As of September 7, 2025, Strategy held 638,460 BTC, acquired for approximately $47.17 billion at a price of approximately $73,880 per Bitcoin. BitMine Immersion, the NYSE-listed Ethereum treasury company, announced that as of 8:30 PM ET on September 7th, its cryptocurrency holdings included 2,069,443 ETH (an increase of 202,469 ETH since last week's announcement), 192 Bitcoin, and $266 million in unencumbered cash. BitMine's cryptocurrency holdings rank first among Ethereum treasuries and second only to Strategy's in terms of crypto treasury size. The company also disclosed a $20 million strategic investment in Eightco Holdings, which uses the Worldcoin (WLD) token as its primary asset.
▌ETHZilla: Currently holds more than 102,200 ETH, equivalent to approximately US$443 million
Ethereum treasury company ETHZilla announced that it has reached an over-the-counter transaction with Cumberland DRW to obtain up to US$80 million in funds. The net proceeds will be used to repurchase ETHZ. ETHZilla has repurchased 2.2 million ETHZ shares at an average price of US$2.5 per share. ETHZilla currently holds 102,246 ETH, worth approximately US$443 million, with an average purchase price of US$3,948.72. It also holds approximately US$213 million in cash equivalents. Metaplanet Increases Holdings by 136 Bitcoins According to official news, Japanese listed company Metaplanet announced that it has increased its holdings by 136 Bitcoins, bringing its total holdings to 20,136. Bloomberg: Trump Family Net Worth Increased by $1.3 Billion Due to Bitcoin and Cryptocurrency Investments According to market news released by The Bitcoin Historian, Bloomberg reported that the Trump Family's net worth increased by $1.3 billion due to Bitcoin and cryptocurrency investments. South African listed company Altvest plans to raise $210 million to purchase Bitcoin According to Bloomberg, South African listed company Altvest Capital Ltd. plans to raise $210 million to purchase Bitcoin and establish a crypto vault reserve. In an interview, the company's founder and CEO, Warren Wheatley, said the company will also be renamed "Africa Bitcoin Corp." and is raising funds from overseas and local investors and will seek an international listing. Altvest Bitcoin Strategies Pty Ltd., a subsidiary of the company, will provide crypto services on behalf of CAEP Asset Managers Pty Ltd., which is authorized by the Financial Sector Conduct Authority. Altvest, with a market capitalization of 52.8 million rand ($3 million), will hold cryptocurrencies as core reserve assets on its balance sheet, similar to how companies traditionally hold cash or gold. According to a chart released by Coin Bureau, the price of Bitcoin (BTC) has remained above $100,000 for 77 consecutive days, the longest such streak in its history.
▌Chain Reaction becomes Africa's first Bitcoin treasury company
According to market news released by Cointelegraph, blockchain chip startup Chain Reaction has become Africa's first Bitcoin treasury company. The company has multiple offices in the Middle East and North Africa.
▌Brazilian Central Electricity Company to Launch Bitcoin Mining Operations in Bahia
Market News: Brazilian Central Electricity Company (Eletrobras) will launch Bitcoin mining operations in Bahia. SwissBorg lost over $41 million in SOL in a hacker attack. SwissBorg, a Switzerland-based crypto platform, said on Monday that it had lost approximately 192,600 SOL (worth $41.3 million) in a hacker attack on its SOL Earn program due to a breach of its staking partner's API. SwissBorg emphasized that the incident did not affect its own app or other Earn programs, and pledged to use its SOL treasury to help users recover most of their funds. It has also collaborated with white hat hackers and security partners to minimize losses. CleanCore has purchased $68 million in DOGE to launch its Dogecoin treasury, with its stock price surging 40% after hours. US-listed CleanCore Solutions (ticker: ZONE) announced it has purchased 285.4 million Dogecoins (approximately $68 million), becoming the largest Dogecoin digital asset treasury. The company plans to increase its holdings to one billion within 30 days. The treasury, established in partnership with the House of Doge, a subsidiary of the Dogecoin Foundation, aims to promote the use and global adoption of Dogecoin as a "people's currency." Following the announcement, CleanCore's stock price closed at $3.51 on Monday, surging 40% after hours, giving it a market capitalization of approximately $500 million. Dogecoin's price also rose approximately 7% to $0.24, bringing its market capitalization to over $36 billion, making it the seventh-largest cryptocurrency. Market sources suggest the first Dogecoin ETF could be launched as early as this week. Eightco Completes $250 Million in Private Funding and Launches Worldcoin (WLD) Treasury Strategy. According to market news released by unfolded.com, Eightco announced the completion of $250 million in private funding and received a $20 million strategic investment from BITMINE, which will be used to launch its first Worldcoin (WLD) treasury strategy. Binance: LINEA HODLer Airdrop Tokens Represent 1% of Maximum Token Supply. Binance announced the details of the LINEA HODLer airdrop. The maximum supply of LINEA tokens is 72,009,990,000, and the total number of HODLer airdrop tokens is 720,099,900 LINEA (1% of the maximum token supply). An additional 180,024,975 LINEA will be used for marketing activities after spot listing; an additional 360,049,950 LINEA will be used for marketing activities six months after listing. The circulating supply at the time of Binance listing is 15,482,147,850 LINEA, representing 21.50% of the maximum token supply. Coinbase will list SPX6900 (SPX) and Flock (FLOCK). Coinbase will add support for SPX6900 (SPX, an ERC-20 token) on the Ethereum network and Flock (FLOCK) on the Base network. Key Economic Developments: US employment data may face another significant downward revision, potentially spurring bets on rate cuts. U.S. job growth in the year ending in March is likely far less robust than current government data suggests, highlighting a labor market slowdown that preceded the summer hiring slowdown. Economists at Wells Fargo, Comerica, and Pansen Macro predict that the Bureau of Labor Statistics' annual benchmark nonfarm payroll revision, released on Tuesday, will show nearly 800,000 fewer jobs in March than currently estimated, or an average of about 67,000 per month. Nomura, Bank of America, and Royal Bank of Canada say the downward revision could even approach 1 million. While the data is slightly outdated, a significant downward revision would indicate a significant weakening of labor market momentum last year and reinforce market expectations for a series of interest rate cuts from the Federal Reserve. The second consecutive year of significant revisions to employment data is also likely to incur the wrath of US President Trump, who has criticized the accuracy of the Bureau of Labor Statistics data. Market News: US Supreme Court Justices Temporarily Allow Trump to Remove Federal Trade Commissioners. Probability of a 25 basis point Fed rate cut in September is 89.4%. According to CME's "Fed Watch," the probability of a 25 basis point Fed rate cut in September is 89.4%, and the probability of a 50 basis point cut is 10.6%. The cumulative probability of a 25 basis point Fed rate cut in October is 14.9%, the probability of a 50 basis point Fed rate cut is 76.3%, and the probability of a 75 basis point Fed rate cut is 8.9%. Can quantum computers really crack Bitcoin? Bitcoin uses the SHA-256 hash algorithm, an encryption algorithm developed by the U.S. National Security Agency (NSA). SHA-256 protects against brute-force attacks on the Bitcoin network, as decryption using existing hardware could take decades. However, a new threat to SHA-256 is quantum computing, a computational method that exploits the principles of quantum physics and is far faster than conventional computing. Fundamentally, quantum computing utilizes quantum bits (qubits), which can exist in multiple states. This contradicts conventional computing, which uses binary bits (1s and 0s). In 1994, mathematician Peter Shor proposed an algorithm that enables quantum computers to solve complex algorithms in seconds, while conventional hardware would take decades. Quantum computing combined with Shor's algorithm could break Bitcoin's encryption as we know it.
When creating a crypto wallet, it generates two important things: a private key and a public key. The private key is a secret code similar to a password that must be kept safe. The public key is generated from the private key, and the wallet address (similar to a bank account number) is generated from the public key. The private key is like the master password that controls the crypto wallet. With this private key, the wallet can create multiple public keys, each of which generates a wallet address. Although it is simple to generate a public key from a private key, it is extremely difficult - almost impossible - to derive the private key from the public key, which ensures the security of the wallet. It is believed that quantum computing can reverse this process and generate private keys from public keys. People worry that this may cause many Bitcoin holders (especially whales and wallets from the Satoshi era) to lose their funds.
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