Yueyang Public Security Bureau officials announced in a statement on September 1st that on July 18th, a special task force of over 70 officers, drawn from the Criminal Investigation Detachment, Yunxi Branch, and other units, simultaneously broke into over 10 arrest locations across the city, dismantling a shady industry that used virtual currency trading as a cover to launder funds for overseas online gambling, fraud, and live-streaming pornography rings. The case involved nearly 170 million RMB. The ring used the overseas encrypted chat app "Paper Plane" to advertise "high-priced cryptocurrency purchases" and lure "cannonballs" into providing bank cards. In just six months, bank transactions totaled 170 million RMB, spanning over 20 provinces and municipalities. Since July 2024, the ring has established a four-tiered money laundering channel, operating as "blockchain OTC merchants" as cover. At the first level, overseas financiers transferred proceeds from fraudulent activities like online gambling into domestic "dummy accounts." At the second level, a "running fleet" of agents split the funds and transferred them to secondary cards. After the third-level "drivers" withdrew cash in the early morning, they immediately handed it over to the fourth-level "backpackers" who deposited it into underground banks, ultimately converting it into USDT and repatriating it overseas. Over the past six months, this channel laundered a total of 170 million yuan, with the gang reaping over 1 million yuan in illegal profits. Fifteen suspects have been apprehended in the case, all of whom have been subject to criminal coercive measures in accordance with the law. Further investigation and expansion are underway.
A whale deposited over 130 million WLFI tokens worth $32.21 million into Binance
According to Onchain Lens, a whale deposited 133.33 million WLFI (worth $32.21 million) into Binance. This whale invested 10 million USDT in the presale on January 19, 2025, and received 666.66 million WLFI. All WLFI presale participants are currently profitable.
A whale received 200 million WLFI unlocked last night and sold 10 million WLFI 5 hours ago.
According to on-chain analyst Ember, after receiving the unlocked 200 million WLFI (US$59.45 million) last night, the whale @moonmanifest47 sold 10 million WLFI for 2.1 million U five hours ago at a price of US$0.21.
According to Justice Net, a virtual currency touted as a "play and earn" and "deflationary appreciation" scheme attracted significant capital in a short period of time, recruiting dozens of members across three tiers. Following prosecution by the Shishi City Procuratorate in Fujian Province, the court issued a first-instance verdict against key members of a pyramid scheme. Four suspects were convicted of organizing and leading a pyramid scheme and received prison sentences and fines. The defendants appealed the verdict. In July 2025, the court of second instance dismissed the appeal and upheld the original verdict. The court reviewed and determined that although the organization used emerging concepts such as virtual currency and NFT to package itself, its operating model still met the requirements of the crime of organizing and leading pyramid schemes as stipulated in the Criminal Law of the People's Republic of China: First, the project set up a disguised "threshold fee" by purchasing virtual currency, participating in private placements and paying virtual assets, as a prerequisite for joining and developing others; second, it established a clear superior-subordinate relationship and hierarchical structure, and used the number of people developed and the performance of subordinates as the basis for remuneration and rebates; third, it had no real business activities and sustainable sources of income, and its capital operation relied on the funds of later members to pay for previous income, which had obvious characteristics of defrauding property.
Metaplanet shareholders approve plan to raise up to $3.8 billion to buy more Bitcoin
According to Cointelegraph, shareholders of Metaplanet, a Japanese listed company, approved an increase in authorized shares and the establishment of preferred stock terms, with a maximum issuance of $3.8 billion. The proceeds will be primarily used to acquire Bitcoin. Previously, Metaplanet shareholders approved three resolutions at an extraordinary general meeting: increasing the total number of authorized shares, allowing for virtual general meetings, and establishing new terms for perpetual preferred stock. Metaplanet's president stated that the company plans to acquire a total of 210,000 Bitcoins by 2027.
Metaplanet President: The company plans to purchase a total of 210,000 Bitcoins by 2027
According to Bitcoin Magazine, Simon Gerovich, president of Metaplanet, a publicly listed Japanese company, highlighted the company's achievements in its 16 months of operation as a Bitcoin reserve company at an extraordinary general meeting on September 1st. He also outlined the company's plan to acquire a cumulative 210,000 Bitcoins—1% of the total supply—by 2027. To achieve this goal, the company plans to launch two new financial products: Metaplanet Preferred Shares (Metaplanet Prefs). These perpetual preferred shares, similar to those issued by Strategy in March 2025, are designed to facilitate the company's Bitcoin acquisitions. Yesterday, Metaplanet shareholders approved three resolutions at an extraordinary general meeting: increasing the total number of authorized shares, allowing for virtual general meetings, and establishing new terms for the perpetual preferred shares.
The two addresses received a total of 185,000 ETH, with a total value of US$798 million.
According to Onchain Lens, two addresses received a total of 185,000 ETH, valued at $798 million. Address 0x9f1 received 175,000 ETH, valued at $754 million, while address 0x7d9 received 10,000 ETH, valued at $43.09 million. The identities of these wallets have yet to be confirmed.
Deutsche Bank increased its stake in Strategy by $47 million in Q2
According to BitcoinTreasuries.NET, Deutsche Bank AG purchased $47 million worth of Strategy (stock code MSTR) shares in the second quarter and currently holds 658,725 shares, which is worth more than $220 million based on the current market value.
UAE firm RAK Properties will accept Bitcoin and other cryptocurrencies for real estate transactions
According to Cointelegraph, RAK Properties, one of the largest publicly listed real estate companies in the United Arab Emirates (UAE), will begin accepting cryptocurrencies for international property transactions. According to an announcement released Monday, RAK Properties will begin accepting payments in cryptocurrencies such as Bitcoin, Ethereum, and USDT. Cryptocurrency transactions will be processed by Hubpay, a regional global payments platform. Hubpay will convert digital assets into local UAE fiat currency before depositing them into RAK Properties' accounts. According to TradingView data, RAK Properties has amassed a market capitalization of AED 4.7 billion (approximately $1.3 billion) since listing on the Abu Dhabi Securities Exchange in 2005.
The Trump family's WLFI tokens are currently worth approximately $5 billion.
According to Cointelegraph, entities associated with the family of US President Donald Trump now hold approximately $5 billion worth of World Liberty Financial's governance token, WLFI, following a massive token unlock on Monday. According to World Liberty Financial's website, DT Marks DEFI LLC and "certain members of the Trump family" hold 22.5 billion WLFI tokens. The company announced Monday that it unlocked 24.6 billion WLFI tokens as part of its plan to establish an initial circulating supply, causing its price to briefly surge to $0.40 before retreating to approximately $0.23 at press time. Previously, World Liberty Financial had stated that tokens held by the founders, including Trump and his three sons—Donald Trump Jr., Barron Trump, and Eric Trump—would be initially locked up. However, Monday's unlocking valued the Trump family's stake at approximately $5 billion based on the WLFI price at the time of publication.
According to Bloomberg, British fintech company Revolut Ltd. has started the process of some employees selling their shares in the company at a valuation of $75 billion. The latest valuation is higher than the $45 billion valuation Revolut received when it issued shares in the secondary market last year. A memo to employees showed that the valuation of each share in this secondary market offering was $1,381.06, and the company had met the subscription needs of new and old investors. People familiar with the matter said that employees of the London-based company will be able to sell up to 20% of their shares. A Revolut spokesperson said: "As part of our commitment to our employees, we regularly provide them with opportunities to obtain liquidity. The secondary share sale of employees is currently underway and we will not comment further until it is completed."
The WLFI team proposes to use all WLFI treasury liquidity fees for repurchase and destruction
According to official news, the WLFI team has initiated a proposal to use all fees earned from the WLFI protocol's own liquidity (POL) to purchase WLFI on the open market and permanently destroy it. This proposal only includes fees generated by WLFI-controlled liquidity, and does not affect fees from the community or third-party liquidity providers (LPs). If the proposal is approved, WLFI will consider it the foundation of an ongoing buyback and burn strategy. Over time, the team will explore expanding this program to include more sources of protocol revenue, with the goal of steadily increasing the scale of WLFI buybacks and burns as the ecosystem grows.
WLFI's largest investor has received 20% of its unlocked tokens, totaling 200 million WLFI
According to Ember's monitoring, moonmanifest (@moonmanifest47), the largest active WLFI investor, claimed 20% of his unlocked tokens, or 200 million WLFI, worth approximately $59.45 million, 10 minutes ago. This investor previously subscribed to 1 billion WLFI in the first round of public offering with 15 million USDC at a price of $0.015 per token.
According to The Information: The Department of Government Efficiency (DOGE) is using artificial intelligence to try to cut down on the rules and regulations of the U.S. Securities and Exchange Commission (SEC).
WLFI Token Officially Launched, Eric Trump Claims It Will Set a New Standard for Financial Freedom
Eric Trump, son of US President Trump, announced the launch of the WorldLibertyFi (WLFI) token today, saying that the token aims to set a new standard for financial freedom based on trust, speed and American values, and believes that this is an important moment in the future of currency.
Ethereum gas fees surged to around 130 Gwei due to the launch of WLFI.
Etherscan data shows that due to the large-scale collection of WLFI tokens after their launch, the Ethereum network gas fee surged sharply in a short period of time, temporarily reaching approximately 130 Gwei as of press time.
ZachXBT: Price Lists and Wallet Addresses of Over 200 Crypto Influencers Leaked
According to ZachXBT, the price list and wallet addresses of over 200 cryptocurrency influencers were leaked. Of the over 160 accounts that accepted promotional transactions, less than five marked the promotional content as advertisements.
El Salvador to Host First Government-Led Bitcoin Conference
According to Solid Intel, El Salvador will host its first government-led Bitcoin conference, though details have yet to be released.
According to the official World Liberty Financial blog, WLFI will have approximately 24,669,070,265 tokens in circulation at launch. This allocation includes 10 billion tokens for the World Liberty Financial, Inc. ecosystem, 7.784 billion for Alt5 Sigma Corporation, 2.881 billion for liquidity and marketing purposes, and 4.005 billion for initial unlocking by public sale participants. The remaining tokens will be locked up and vested over time, depending on the team, strategic partners, and other categories. Notably, the blog post was deleted minutes later.
Binance: AIO trading has been adjusted to support only sell operations
Binance stated that due to a security vulnerability in the AIO project team's multi-signature wallet, the platform has adjusted AIO transactions to only support sell operations to ensure user safety.
According to The Block, Lee Eok-won, the nominee for chairman of South Korea's Financial Services Commission (FSC), stated before his confirmation hearing that cryptocurrencies lack intrinsic value as a store of value or a medium of payment due to their high volatility. He expressed caution about pension and retirement funds investing in crypto assets and noted that local crypto ETFs remain controversial. Lee's comments were criticized by industry insiders as a step backward, but he also supported South Korea's plans to promote a local stablecoin market.
According to Sing Tao Daily, as of the end of August, the Hong Kong Monetary Authority (HKMA) had received expressions of interest from 77 institutions seeking stablecoin issuer licenses. These institutions include banks, technology companies, securities and asset management firms, e-commerce companies, payment institutions, and Web3 startups. The HKMA has been arranging meetings with the relevant institutions, emphasizing that expressions of interest and meetings do not constitute approval, and that final licensing will depend on whether the application meets the requirements. Initially, only a small number of licenses will be granted, and the public is reminded to be wary of unlicensed stablecoin advertising.
