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Xiao Feng: Crypto ETF is good, but Digital Asset Treasury is better

7 hours ago

August 28th. Xiao Feng, the Chairman and CEO of HashKey Group, declared today during Bitcoin Asia 2025 that the Digital Asset Treasury (DAT) might be the optimal approach for crypto assets to move off-chain. Xiao Feng expounded on the four core merits of DAT in contrast to ETF: Firstly, superior liquidity. The ETF creation and redemption processes consume more time, while DAT facilitates the transfer of assets more conveniently and efficiently for investors. Secondly, higher price elasticity. DAT has a greater market value fluctuation and risk isolation feature, providing more arbitrage tools for institutions. Thirdly, a more reasonable leverage design. DAT companies offer leveraged financing structures, which, compared to the price growth of cryptocurrencies themselves, can bring higher premiums to investors. Fourthly, DAT has a built-in price protection mechanism. When the stock price drops by more than the net asset value held by the company, investors have the opportunity to purchase Bitcoin or ETF at a discount. Such situations where the stock price is below the net asset value are promptly smoothed out by the market.
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CZ: Holds a large amount of BNB, with a significant portion of wealth tied to it

August 29th. During the BNB Day Fireside Chat held in Tokyo, CZ declared that the BNB Chain is mainly driven by the community. He himself hasn't put in a lot of effort; mainly, he tweets and encourages people to BUILD. He also disclosed that he holds a substantial amount of BNB, and a large portion of his wealth is tied to it. If he were 20 years old, CZ said he would choose to develop an AI trading agent and a privacy-focused perpetual decentralized exchange (DEX). He believes that the trading volume of DEX will surpass that of centralized exchanges (CEX) in the future; DeFi is the future. He also thinks that real-world assets (RWAs) are still in their early stages but have great potential. He hopes to see a dedicated BNB Chain team in Japan. He mentioned that Japan is highly suitable for technological development and has a good business culture. He hopes to see more AI + robot projects emerge on the BNB Chain. CZ believes that a Digital Asset Treasury (DAT) makes cryptocurrency inv

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Four Whales Bought $357.2 Million Worth of ETH in the Last 2 Days

On August 29th, according to Arkham's monitoring, the Four Whales purchased $3.572 billion worth of ETH within the past 2 days. And all of them received ETH from FalconX at a similar time.

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WLFI pre-market price breaks above $0.28, up 6.41% in the last 24 hours

On August 28th, according to HTX market data, the pre-market trading price of WLFI (World Liberty Financial) has surpassed $0.28 and is currently trading at $0.282, with a 6.41% increase in the past 24 hours. According to Coinglass data, the total open interest of WLFI futures contracts on the network is currently $423 million, and the trading volume in the past 24 hours is $755 million. The current network-wide aggregated long/short ratio is 0.947. BlockBeats previously reported that the project of the Trump family, World Liberty Finance (WLFI), is scheduled to be launched on Ethereum on September 1st with open claiming and trading. Early supporters (in the $0.015 and $0.05 rounds) will unlock 20%, and the remaining 80% will be determined by community voting. Tokens held by the founding team, advisors, and partners will not be unlocked. Trading will start at 8:00 PM on September 1st (Beijing time), and the 20% token claiming will begin.

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Greeks.Live: Market Sentiment Turns Cautious, Viewing BTC and ETH Performance as Relatively Weak

August 28th, Greeks.Live issued its daily market briefing, stating that the community generally holds a cautious attitude towards the short-term market trend and believes that BTC and ETH are relatively weak and need a rapid price breakthrough to reduce risks. More attention is focused on the short-term opportunity of SOL. It is believed that ETH may experience a correction in the next few days, temporarily making way for other currencies.

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Ethereum Drops Below $4500

On August 28th, according to HTX market data, Ethereum fell below $4,500, experiencing a 24-hour decline of 3.37%.

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Portal to Bitcoin has completed a $50 million fundraising round, with Paloma Investments leading the investment.

On August 28th, as per Coindesk, the Bitcoin startup Portal to Bitcoin has successfully concluded a $50 million funding round. This round was led by Paloma Investments, raising the total funding for the project to $92 million. This infusion of funds will be dedicated to facilitating the expansion of the company's BitScaler adapter. The BitScaler enables the scaling of native Bitcoin without the need for wrapped tokens, custodial bridging, or "message passing or other insecure workarounds." Portal intends to utilize this new funding to expand its grant program and bring on board institutional and community liquidity providers.

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