Core Insights - Digital asset investment products recorded a net inflow of $5.95 billion last week, marking the highest weekly inflow on record [1] - Bitcoin saw a record weekly inflow of $3.55 billion [1] - Ethereum experienced a weekly inflow of $1.48 billion [1] - Solana also set a record with a weekly inflow of $707 million [1] - XRP recorded an inflow of $219 million [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Noah Holdings Noah Holdings Private Wealth and Asset Management Limited 諾亞控股私人財富資產管理有限公司 （於開曼群島以諾亞控股有限公司名義以有限責任註冊成立， 並以諾亞控股私人財富資產管理有限公司於香港經營業務） （股份代號：6686） 修訂有關認購私募債權數字收益基金的條款 茲提述諾亞控股私人財富資產管理有限公司（「本公司」）日期為2025年8月28日的 公告，內容有關認購私募債權數字收益基金A類權益（「該公告」）。除文義另有所 指外，本公告所用詞彙與認購公告所界定者具有相同涵義。 有關修訂的決定乃基於商業及審慎考量而作出。基金文件簽署後，美國加密貨幣 監管及管治環境近期出現變動。該等發展使得基金與其交易對手之間的相關借貸 協議的商業條款擬作修改，該等修改被視為對基金較為不利，且經董事會適當審 慎考慮後，認定該等修改將導致本公司投 ...

Core Viewpoint - The company, Boyaa Interactive (00434), announced the acquisition of approximately 245 bitcoins for a total consideration of about HKD 219 million (approximately USD 28.16 million) during the period from September 15 to September 16, 2025 [1] Group 1 - Following this purchase, the company now holds a total of approximately 3,925 bitcoins [1] - The average purchase cost for the bitcoins held by the company is USD 66,094 per bitcoin [1]

Core Insights - SOL Strategies has commenced trading on the Nasdaq Global Select Market under the ticker STKE, marking it as the first Solana-focused public company to achieve a U.S. listing with $94 million in Solana treasury holdings [1] - The company has undergone a one-for-eight share consolidation, reducing outstanding shares from 176 million to 22 million to meet exchange requirements [1] Company Operations - SOL Strategies operates as a "foreign private issuer" under SEC rules, allowing it to be exempt from certain U.S. regulatory requirements, including proxy solicitation rules and Section 16 filings [3] - The current capital structure includes 22 million common shares outstanding, 12 million warrants, and 5.3 million stock options following the consolidation [3] Rebranding and Focus - The firm rebranded from Cypherpunk Holdings in September 2024, shifting its focus entirely to Solana blockchain infrastructure and investment [4] - SOL Strategies manages 3.62 million SOL under delegation, including 402,623 SOL from its treasury, valued at C$111.7 million [4] Market Participation - Record participation includes 8,812 unique wallets staking with the firm, and Cathie Wood's ARK Invest moved 3.6 million SOL worth approximately C$888 million to SOL Strategies infrastructure in July [4] Competitive Landscape - SOL Strategies faces increasing competition as institutions race to build massive Solana treasuries, with Forward Industries announcing a $1.65 billion private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital [5] - Galaxy Digital contributes institutional infrastructure, including trading, lending, and staking services, while Jump Crypto provides technical expertise through initiatives like the Firedancer validator client [6] - DeFi Development Corporation holds 1.27 million SOL valued at $248 million after raising $122.5 million in debt financing led by Cantor Fitzgerald [6]

Core Viewpoint - Coinbase and OKX are launching crypto products targeting self-managed super funds (SMSF) in Australia's A$4.3 trillion (approximately US$2.8 trillion) retirement system to promote the allocation of pension funds into digital assets [1] Group 1: Market Opportunity - The current scale of crypto assets within SMSF is limited, standing at A$1.7 billion as of March 2025, but has increased sevenfold since 2021 [1] - Coinbase plans to launch its service soon, with over 500 investors already registered, most of whom intend to invest no more than A$100,000 [1] - OKX launched a similar service in June, experiencing demand that exceeded expectations [1] Group 2: Support Services - Both companies will assist investors in setting up SMSFs and recommend third-party institutions for account management [1]

Group 1 - Trump Media Technology Group announced a merger agreement with Crypto and SPAC Yorkville to form Trump Media Group CRO Strategy Inc, with shares of Trump Media rising over 8% initially before settling at a 4.7% increase [1] - The merger will result in Yorkville being renamed MCGA and listed on NASDAQ, with a mandatory one-year lock-up period for founding shares post-merger [1] - The merger is expected to raise approximately $6.42 billion, including $1 billion in CRO, $200 million in cash, $220 million in warrants, and $5 billion in equity credit [1] Group 2 - The new company will focus on acquiring and managing CRO as a core digital asset investment strategy, aiming to generate long-term value through productive assets rather than traditional non-productive ones [2] - CRO is the native token of the Cronos blockchain, designed for speed, scalability, and seamless connectivity, facilitating low-cost and high-speed smart contract deployment [2] - The CEO of Trump Media expressed optimism about the digitalization of financial markets and the strategic planning of companies through digital asset vaults [2] Group 3 - Crypto.com’s CEO stated that the project will exceed the current market value of CRO, with an additional commitment of over $400 million in cash and $5 billion in credit for further CRO acquisitions [3] - Trump Media and Crypto have agreed to implement a rewards system on their social media platforms using CRO as a utility token [3]

Group 1 - Wealthy Asian families and family offices are increasing investments in cryptocurrencies due to bullish sentiment, higher mainstream adoption, and favorable regulatory conditions in major markets [1][2] - High-net-worth investors are seeking more investment opportunities, leading to a surge in trading volumes on cryptocurrency exchanges and strong demand for crypto funds [1] - The Next Generation Fund II, launched by Jason Huang, raised over $100 million in a few months, with a previous fund achieving a 375% return in less than two years [1] Group 2 - UBS reports that some overseas Chinese family offices plan to increase their cryptocurrency investment allocation to about 5% of their portfolios [1] - The interest in cryptocurrencies has surged due to strong returns and favorable developments in U.S. regulations, such as the recently approved GENIUS Act [1][2] - Bitcoin prices have recently reached new highs, surpassing $124,000, and Hong Kong's stablecoin legislation has sparked a new wave of interest in cryptocurrencies [2] Group 3 - Asian clients' attitudes towards cryptocurrencies have shifted from minimal allocation to viewing them as essential assets in their portfolios [2] - More mature family offices are adopting market-neutral strategies, such as basis trading and arbitrage [2] - Bitcoin is increasingly seen as a diversification tool to hedge against macroeconomic uncertainties due to its low correlation with stocks and bonds [2] Group 4 - As of August 2025, the number of registered users on Hong Kong's HashKey Exchange has increased by 85% year-on-year [2] - In South Korea, the total trading volume of the three major exchanges has grown by 17% compared to the same period in 2024, with daily trading volume increasing by over 20% [3]

Group 1 - The U.S. House of Representatives passed three bills related to stablecoins and cryptocurrencies, including the "Genius Act," which aims to establish a regulatory framework for stablecoins pegged to the U.S. dollar [1] - The "Genius Act" requires stablecoins to be backed by liquid assets such as U.S. dollars or short-term government bonds and mandates monthly disclosures of reserves by issuers [1] - The "Digital Asset Market Clarity Act" seeks to clarify industry rules and delineate the jurisdiction between the SEC and CFTC, with a focus on classifying cryptocurrencies as either securities or commodities [1] Group 2 - The "Anti-Central Bank Digital Currency Surveillance National Act" was also passed, prohibiting the Federal Reserve from issuing a central bank digital currency, citing concerns over privacy and government control [2] - The Trump administration has initiated several measures to support cryptocurrencies, including appointing pro-crypto leadership at the SEC and establishing a federal "strategic Bitcoin reserve" [2] - Following the potential enactment of the "Genius Act," U.S. banks may be able to issue digital assets independently, with major Wall Street executives expressing interest in expanding into digital asset businesses [2]