Digital Currency Group (DCG) is considering a ~$500 million IPO in Hong Kong

On September 2nd, in the past month, the supply of USDe has witnessed a remarkable 42% surge and reached a historical high of $12.43 billion. The protocol revenue has also attained its highest level since the start of the year, exceeding $61 million in August. Currently, USDe ranks as the third-largest USD stablecoin, trailing only behind USDT and USDC. Additionally, Ethena has emerged as the fifth-largest DeFi protocol in terms of deposit size. The current market attention is centered on Ethena's fee conversion plan, where ENA governance token holders are soon to have the first opportunity to receive a portion of the protocol's profit. Ethena Labs had previously set three milestones that need to be fulfilled before the activation of the protocol's fee switch: - The circulating supply of USDe needs to surpass $6 billion. - The protocol's cumulative revenue needs to reach $250 million. - The USDe token must be integrated into four of the top five centralized exchanges in terms of deriv

On September 2nd, spot gold broke through $3510 per ounce, reaching a new all-time high. (Golden Ten)

On September 2nd, the publicly traded Japanese company Metaplanet obtained shareholder approval to raise up to 555 billion yen by issuing preferred stocks for investing in Bitcoin, which is approximately $3.28 billion.
On September 1st, the publicly traded Japanese company Metaplanet once more purchased an extra 1,009 bitcoins, and its total holding reached 20,000 BTC.

On September 2nd, according to CoinDesk, Kraken has declared a partnership with the Swiss institution Backed. This partnership enables the launch of Kraken's tokenized stock product, xStocks, on the Ethereum mainnet. Currently, users are able to interact with xStocks in ERC-20 token form on the Ethereum blockchain, which facilitates interoperability with DeFi protocols. Previously, xStocks was accessible on Solana, BNB Chain, and TRON, with a combined trading volume of $3.5 billion.

On September 2nd, as monitored by Onchain Lens, a whale disposed of PEPE and PENDLE worth $1.29 million and subsequently purchased 1.84 million ENA at an average purchase price of $0.7.

On September 2nd, based on public data, Jack Ma, the founder of Alibaba, indirectly holds approximately 11.15% of Yunfeng Financial through Yunfeng Fund. He holds 29.85% of Yunfeng Financial Holdings Limited and 40% (non-voting) of Yunfeng Innovation in Shanghai. Today, the Hong Kong-listed company Yunfeng Financial (00376.HK) announced that the Board of Directors has given approval to purchase ETH as a reserve asset in the open market. As of the announcement date, the Group has accumulated the purchase of 10,000 ETH in the open market, with a total investment cost (including fees and expenses) of USD 44 million. The funds used for this purchase are sourced from the Group's internal cash reserves, and the purchased ETH is classified as an investment asset in the Group's financial statements.