Yunfeng Financial invests $44 million to buy ETH, WLFI blocks Tron founder, and a multi-coin unlocking wave is coming next week.

This week, news in the crypto market has been continuous, ranging from Jack Ma's Yunfeng Financial making a heavy acquisition of Ethereum (ETH), to on-chain conflicts between WLFI and the founder of Tron, and Polymarket being approved to return to the U.S. market while Venus Protocol successfully recovers stolen funds, market focus is rising and falling. Next week will also bring multiple token unlocks and important macro data releases, investors need to pay attention in advance.

This Week's Important News Review

1. Jack Ma's Yunfeng Financial invests 44 million USD to buy ETH

On September 2, Yunfeng Financial Group announced the purchase of 10,000 ETH in the open market, with a total value of approximately 44 million USD, funded by internal cash reserves. This acquisition will be included as an investment asset in the financial report, demonstrating its long-term commitment to the Web3 sector.

2. WLFI Blacklist Tron Founder Address

WLFI blacklisted the blockchain address of the founder of Tron, freezing 540 million unlocked WLFI and 2.4 billion locked Tokens, with a total estimated value of hundreds of millions of dollars. WLFI accused a certain exchange of misappropriating user Tokens to suppress market prices, while the founder of Tron responded that it was merely a small test and address dispersion operation that did not affect the market.

3. Nasdaq strengthens regulation of listed companies holding coins

According to a report by The Information, Nasdaq will strengthen its regulation of listed companies holding crypto assets, requiring shareholder approval before issuing new shares to purchase coins, and enhancing information disclosure. Non-compliant companies may face the risk of trading suspension or delisting.

4. Polymarket Approved by CFTC to Return to the US

The prediction market platform Polymarket has received a no-action letter from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to resume operations in the U.S. and exempting it from certain record-keeping and data reporting requirements. Previously, the platform exited the U.S. in 2022 due to not being registered as a designated contract market.

5. Venus Protocol recovers $13.5 million after being hacked

On September 2, Venus Protocol users suffered a phishing attack resulting in a loss of approximately 13.5 million dollars in assets. The platform subsequently suspended operations and enforced the liquidation of the attacker's wallet through a governance vote, successfully recovering all funds.

6. Conflux Foundation plans to collaborate with a listed company to establish CFX treasury

Conflux Foundation plans to collaborate with global listed companies to explore digital asset treasury management and ecological construction, and the injected CFX Token will be locked for at least 4 years.

Next Week Market Highlights

1. Bit Digital expands its capital base to support ETH strategy

NASDAQ-listed company Bit Digital (BTBT) will hold a shareholder meeting on September 10, proposing to increase the authorized capital from $350 million to $1.01 billion to support its Ethereum strategic layout.

2. Multiple Token Unlocks

Movement (MOVE): 50 million tokens released on September 9, accounting for 1.89% of circulating supply.

Axie Infinity (AXS): 652,500 tokens were released on September 9, accounting for 0.25% of the circulating supply.

Aptos (APT): 11th September released 11.31 million coins, accounting for 2.2% of the circulating supply.

Moca Network (MOCA): 2.43 million tokens were released on September 12, accounting for 0.06% of the circulating supply.

3. Key Macroeconomic Data

9/15: China's industrial added value, retail sales; Eurozone trade balance

9/16: UK unemployment rate, Germany ZEW index, US retail sales

9/17: UK CPI, Eurozone CPI, Canada interest rate decision

9/18: Bank of England interest rate decision, US initial jobless claims

9/19: Japan CPI, Germany PPI, Canada Retail Sales

Conclusion

This week, the crypto market has been intertwined and fluctuating amidst institutional layouts, regulatory dynamics, and security incidents. The upcoming token unlocks and macro data will further influence market sentiment next week. Investors should closely follow the price trends of ETH and mainstream tokens, as well as the latest developments in ETFs, regulation, and on-chain security incidents.