Bitcoin ETFs recorded inflows of $1.92 billion last week, marking the largest such inflow in nearly 10 months.

Alibaba announced Sunday that it plans to conduct a new share placement in Hong Kong. The company said the total size of the offering is HK$80 billion (US$10.2 billion), which will be the largest primary follow-on offering in the history of Hong Kong-listed firms. Following the news, Alibaba’s Hong Kong-listed shares opened lower and trended downward today, with the intraday maximum drop exceeding 10% and the current decline narrowing to 9% per Bitget market data. The Hang Seng Index was dragged down by the stock, falling 1.9% on the day, while the Hang Seng Tech Index dropped 3.58%. Separately, "Big Short" investor Michael Burry updated his views on Alibaba on X, revealing he had switched his Alibaba position to JD.com a few months ago. "Issuing stocks is now Alibaba's new normal. I won't consider it again unless the stock falls by half from here."

The total number of accounts on #TRON has officially surpassed 400,000,000!

Upbit has placed The Sandbox (SAND) on its trading alert list, and deposit and withdrawal services for the token are currently suspended. On August 22, The Sandbox confirmed a cross-chain bridge vulnerability affecting the Base and BSC networks, with the project’s official team suspending cross-chain functions.

According to reports from authoritative outlets including Reuters, U.S. Treasury Secretary Scott Bessent will unveil details of new sanctions on Iran at 2 p.m. Eastern Time, equivalent to 2 a.m. Beijing time tomorrow. The crypto market has been rallying for several consecutive days ahead of these Iran sanctions, so if the details exceed market expectations, significant volatility is likely to hit both the stock market and crypto assets. Earlier, Bessent wrote in the Financial Times that the U.S. is entering a decisive phase, with an economic "D-Day" for Iran approaching at dawn—what he termed the largest financial offensive ever launched against an adversary. When elaborating on the related sanctions measures, Bessent specifically added that "no further 'large-scale' military operations are expected."

Stablecoin digital bank Fasset announced it has completed a $68 million funding round led by Japan’s SBI Group, bringing the company’s valuation to $1 billion. Combined with the $51 million financing it secured in May, Fasset has raised a total of $119 million so far this year. Co-founder and CEO Mohammad Raafi Hossain stated that the firm’s annualized transaction volume has surpassed $40 billion, spanning 125 countries. Over the past year, its revenue has grown approximately sixfold year-over-year, and it has maintained consecutive profitability for 12 months, though specific revenue and profit figures were not disclosed. (CoinDesk)

Strive CEO Matt Cole has published a lengthy bullish article on Bitcoin, citing the Bitcoin-to-gold ratio chart to note that BTC has broken through against both the U.S. dollar and gold. He argues this signals the end of the bear market and reinforces his view that the next cycle will be the strongest in Bitcoin’s history. Cole points to three converging forces creating an unprecedented favorable market environment for Bitcoin: long-term U.S. dollar weakness, rising demand for scarce assets amid the AI era, and the re-strengthening of the BTC/gold ratio.