ETH falls below the $4300 mark

[Wang Feng: Linekong Interactive Prefers Grayscale Model Development] Linekong Interactive founder Wang Feng stated that the company will not position itself as a crypto treasury company but rather leans toward the Grayscale model. He believes that the buying and selling of cryptocurrencies by listed companies is a natural behavior and will integrate related businesses into the LK Crypto division. Previously, Linekong Interactive had disclosed its cryptocurrency holdings and launched staking plans for Ethereum and Solana.

[Bao Erye Shares Photo Showing RenrenBit Founder Zhao Dong Released from Prison] Guo Hongcai (known as Bao Erye) posted a photo on social media, showing RenrenBit founder Zhao Dong appearing in the United States and having been released from prison. Previously, Zhao Dong was arrested in June 2020 on charges of aiding and abetting crimes and illegal business operations. According to court records, Zhao Dong's team had provided virtual currency over-the-counter exchange services for the 'Tiantian Xiangshang' platform, with the case involving a total amount of 3.1 billion yuan. After pleading guilty and accepting punishment, Zhao Dong was sentenced to two years in prison and fined, with probation applied. The case involved illegal settlements and facilitating fund transfers for gambling-related black and gray industries. Zhao Dong's recent appearance may signify the end of his sentence.

[India Worried That Regulating Cryptocurrency Would Grant It Legitimacy] According to a report by Reuters, India is concerned that regulating cryptocurrency would grant it legitimacy.

[Christopher Hui: Only "authorized providers" can offer specified stablecoins in Hong Kong; purchasing any unregulated stablecoins is at your own risk] According to a press release from the Hong Kong government, Christopher Hui, Secretary for Financial Services and the Treasury, stated that currently, only "authorized providers" are allowed to offer specified stablecoins. He reminded the public that over-the-counter virtual asset trading platforms are not considered "authorized providers" and therefore cannot offer specified stablecoins to retail or professional investors. Hui reiterated that the Hong Kong Monetary Authority has not yet issued any licenses to stablecoin issuers. Investors are only protected under regulations when purchasing regulated stablecoins from designated "authorized providers." If stablecoins are purchased through unregulated channels or if any unregulated stablecoins are purchased, the risk must be borne by the individual.

[OKX Announces the Listing of SKY (SKY)] OKX has announced the addition of SKY (SKY) to multiple services, including spot trading, officially launching on 2025-09-11 at 19:00 (UTC+8). Important Notes: - SKY deposit services will open on September 2, 2025, at 16:00 (UTC+8). - SKY/USDT spot trading will commence on September 11, 2025, at 19:00 (UTC+8). - SKY withdrawal services will open on September 11, 2025, at 20:00 (UTC+8).