According to Odaily Planet Daily, To Kam-kun, Chairman of the Hong Kong Investor and Financial Education Council (IFEC), stated in a recent interview that stablecoins are primarily used as a cross-border remittance tool. If widely accepted, they could potentially reduce cross-border payment costs. Stablecoins are related to virtual currencies and are issued by private institutions. They are collateralized by mainstream fiat currencies like the US dollar. Using cryptocurrencies as collateral leads to high volatility, so those without sufficient understanding of these products should avoid investing. (Hong Kong 01)

PANews reported on August 31 that according to Zhitong Finance, recently, Meinian Healthcare Industry Co., Ltd., a wholly-owned subsidiary of Meinian Healthcare Industry Holdings Co., Ltd., signed a "Digital Asset Business Cooperation Framework Agreement" with Guofu Quantum Innovation Co., Ltd. and Beijing North Information Technology Co., Ltd. The three parties will rely on their respective resource endowments to carry out all-round business exploration and cooperation in the field of digital asset RWA, explore new paradigms for releasing the value of equipment and data assets in the health and medical field, and assist in the upgrading and innovative development of the big health industry.

PANews reported on August 31st, according to Coindesk. According to a recent report from Outlier Ventures, despite the number of funding rounds falling to a two-year low, Web3 startups raised $9.6 billion in venture capital in the second quarter of 2025, setting a record for the second-largest quarterly funding ever. This indicates that the market is maturing, with investors allocating more capital to fewer projects. Web3 funding is shifting from hype-driven activity to precise, enduring investments, with investors favoring infrastructure and established teams over scale. Series A funding saw a strong rebound, with the median funding amount climbing to $17.6 million, the highest level in over two years. The median seed funding amount also rose to $6.6 million. Infrastructure projects such as validator liquidity, rollups, and computing networks attracted the majority of funding, with median funding amounts ranging from $70 million to $112 million.

Odaily Planet Daily reported that according to the news from Meinian OneHealth Group, a wholly-owned subsidiary of Meinian OneHealth Industry Holdings Co., Ltd., Meinian OneHealth Industry Co., Ltd., Guofu Quantum Innovation Co., Ltd., and Beijing North Information Technology Co., Ltd. recently signed the "Digital Asset Business Cooperation Framework Agreement". The three parties will rely on their respective resource endowments to carry out all-round business exploration and cooperation in the field of digital asset RWA, explore new paradigms for releasing the value of equipment and data assets in the health and medical field, and help the upgrading and innovative development of the big health industry.

According to Odaily Planet Daily, according to Lookonchain monitoring, a giant whale (0x8A1d) has just withdrawn 433,176 IPs from Bybit, worth US$3.7 million.

According to on-chain analyst Yu Jin's monitoring, Longling Capital has increased its holdings by another 7,000 ETH. In the past five days, it has transferred 20 million USDT to Binance and withdrew 7,000 ETH from Binance 10 minutes ago, which is worth 30.67 million US dollars.

PANews reported on August 31 that according to Lookonchain monitoring, whale 0x8A1d withdrew 433,176 IPs (US$3.7 million) from Bybit.

PANews reported on August 31 that according to on-chain analyst Yu Jin’s monitoring, Longling Capital bought 7,000 ETH: 20 million USDT was transferred to Binance in the past 5 days, and 7,000 ETH (30.67 million US dollars) was withdrawn from Binance 10 minutes ago.

PANews reported on August 31st that on-chain analyst Yu Jin has discovered that a year later, the hacker who stole $81.5 million from Orbit Chain in early 2024 has again transferred 4,320 ETH ($18.81 million) via Tornado Cash. The hacker purchased most of the stolen assets at $2,301 and stored them in ETH. The price of ETH has now doubled since then. Therefore, while the hacker has already laundered 17,242 ETH ($66.35 million) via Tornado Cash, the remaining assets are still worth $61.6 million. This represents a $46.5 million increase from the original $81.5 million stolen. The hacker's address currently holds 9,511 ETH ($41.6 million) and 20 million DAI.

PANews reported on August 31 that according to Decrypt, the US Department of Justice said that a Florida man was sentenced to 47 years in prison last September for planning a series of violent home invasions targeting cryptocurrency holders, but was sentenced to an additional 6 years in prison last week for assaulting witnesses.

According to on-chain analyst Yu Jin, the hacker who stole $81.5 million from Orbit Chain in early 2024 has again transferred 4,320 ETH ($18.81 million) via Tornado Cash. The hacker originally purchased ETH at $2,301, which has now doubled, transferring a total of 17,242 ETH ($66.35 million), leaving the remaining assets valued at $61.6 million. The address currently holds 9,511 ETH ($41.6 million) and 20 million DAI.

PANews reported on August 31 that the OKX market showed that ETH had just broken through $4,400 and was currently trading at $4,400.14 per coin, with a daily increase of 0.53%.

PANews reported on August 31 that the OKX market showed that BTC had just broken through $109,000 and was currently trading at $109,005.40 per coin, with a daily increase of 0.13%.

According to Odaily's OKX market data, BTC has broken through 109,000 USDT and is now trading at 109,003.9 USDT, a 24-hour increase of 0.71%. (This newsletter was generated with AI assistance.)

According to Odaily's OKX market data, ETH has broken through 4,400 USDT, currently trading at 4,400.05 USDT, a 24-hour increase of 1.28%. (This newsletter was generated with AI assistance.)

PANews reported on August 31st that Crypto.news reported that CryptoSlam data showed that NFT market transaction volume fell 8.53% to $129.6 million over the past week. The number of NFT buyers increased by 18.06% to 541,831, while the number of NFT sellers increased by 17.05% to 385,179. The number of NFT transactions increased by 11.96% to 1,814,788. Ethereum network transaction volume was $54.5 million, down 8.24% from the previous week. Polygon network transaction volume was $18.9 million, up 16.12% from the previous week. BNB Chain network transaction volume was $13.4 million, down 34.77%. Mythos Chain network transaction volume was $10.2 million, up 4.71%. Bitcoin network transaction volume was $7.7 million, down 30.28%. This week's high-value transactions include: CryptoPunks #4619 sold for 96 ETH ($446,764) CryptoPunks #2400 sold for 73.5 ETH ($324,076) CryptoPunks #5273 sold for 65 ETH ($283,399 USD) CryptoPunks #1721 sold for 60 ETH ($274,171) CryptoPunks #6373 sold for 55 ETH ($261,046)

PANews reported on August 31 that according to Onchain Lens monitoring, a newly created wallet received 230,420 SOL worth US$46.36 million from FalconX and sent it for staking.

According to a report by Outlier Ventures, Web 3 startups raised $9.6 billion in Q2 2025, the second-highest quarterly funding on record. Capital is rapidly converging on infrastructure projects, with median funding amounts ranging from $70 million to $112 million for projects such as validator liquidity, rollups, and hashrate networks. Meanwhile, Series A and seed funding rounds rebounded, with strong private token sales and a sharp decline in public offerings. (CoinDesk)

PANews reported on August 31st that according to on-chain analyst Ember, an address had purchased 2,737 ETH at $4,391 in an on-chain transaction using 12.02 million USDC an hour earlier. Due to the large transaction amount, slippage caused the purchase price to be approximately $20 higher than the actual ETH price of $4,370 at the time.

According to on-chain analyst Ember, an address spent 12.02 million USDC to buy 2,737 ETH an hour ago, at an average price of $4,391. Furthermore, due to the large amount, slippage caused the purchase price to be approximately $20 higher than the actual ETH price of $4,370 at the time.