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Coinbase and OKX are launching cryptocurrency products for Australia's $4.3 trillion AUD pension system.

9 hours ago

On September 2nd, as per Bloomberg, Australia's $4.3 trillion Australian dollar ($2.8 trillion US dollar) pension retirement system is stepping into a new realm for cryptocurrency. Two major digital asset exchanges, Coinbase Global Inc. and OKX, have consecutively launched products with the aim of guiding pension funds into cryptocurrency. According to John O’Shea, the Asia-Pacific Managing Director of Coinbase, the company is on the verge of launching a dedicated SMSF service, and there is a waiting list of more than 500 investors. Kate Cooper, the CEO of OKX Australia, stated that the demand for the similar product they launched in June exceeded expectations by a large margin. OKX's product and Coinbase's planned service will also be made available through third-party providers such as recommended accountants and law firms to assist investors in establishing SMSFs. Although there is no minimum balance requirement, the ongoing management costs, including mandatory independent audits, imply that SMSFs are usually only cost-effective for large accounts.
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Global WLFI Contract Position: $9.79 Billion Largest Liquidation in 24h: $27.81 Million

On September 2nd, according to Coinglass data, the present total WLFI contract position throughout the network is currently reported to be $9.79 billion, and $27.81 million has been liquidated within the past 24 hours.

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"The Smiths" Director to Helm New Film "Killing Satoshi Nakamoto," Expected to Release in 2026

On September 2nd, as per the report from financefeeds (https://www.financefeeds.com), Pete Davidson and Casey Affleck are set to star in "Killing Satoshi", a conspiracy thriller film directed by Doug Liman, who is renowned for "The Bourne Identity". This film draws inspiration from the enigmatic story surrounding the anonymous founder of Bitcoin and is anticipated to be released in 2026. According to the producers, the movie will merge political intrigue, advanced espionage, and global power struggles, depicting a confrontation among governments, Wall Street, and Silicon Valley for the control of the world's monetary system. Producer Ryan Kavanaugh has characterized the project as a fintech-themed drama similar to "The Social Network". "Killing Satoshi" will witness director Liman returning to this genre following "Mr. & Mrs. Smith" and "Edge of Tomorrow". Filming is scheduled to commence in 2025. The project is being showcased at film markets in Toronto and Berlin, with insiders dis

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glassnode: Bitcoin HODLers Sell-off Accelerates in Recent Weeks, But Remains Below Last Year's Peak

On September 2nd, glassnode put out an article indicating that Bitcoin Long-Term Holders (LTH) have sped up their selling in recent weeks, and the 14-day Simple Moving Average (SMA) is continuously going up. Nevertheless, the overall activity remains within the normal range for this cycle, which is much lower than the peak witnessed in October-November 2024. This latest increase in selling is mainly due to a single event: last Friday, long-term holders sold around 97,000 BTC, setting the highest single-day selling volume this year and causing a notable spike in smoothed selling activity.

15 minutes ago

Insider: Revolut Launches Employee Secondary Share Sale, Company Valuation Reaches $75 Billion

September 2nd. According to Reuters, sources disclosed on Monday that the UK financial technology giant Revolut has initiated an employee secondary stock sale, which has boosted its valuation to $75 billion. The London-based company is intensifying its expansion efforts in order to challenge larger traditional banks. A Revolut spokesperson stated in an email on Monday: "The employee secondary stock sale is in progress, and we will not provide any further comments until it is completed." Bloomberg News reported that in this round of transactions, Revolut was priced at $1381.06 per share. In April of this year, the fintech company reported that its annual profit more than doubled, mainly driven by strong cryptocurrency trading, interest income, and card fees, and it indicated plans to operate as a UK bank starting from this year.

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《Financial Times》: Trump Family Criticized by Democrats for Involvement in Cryptocurrency

On September 2nd, as reported by the Financial Times, the Trump family has come under criticism from Democrats and others due to their involvement in cryptocurrency. U.S. Senator Elizabeth Warren and Congressman Maxine Waters previously stated in a letter: "The Trump family's financial interest in World Liberty Financial presents an unprecedented conflict of interest." They further added that this has given the Trump administration a "clear incentive" to direct regulatory bodies, such as the Securities and Exchange Commission (SEC), to adopt a pro-cryptocurrency stance, which would directly benefit the president's family.

15 minutes ago

[Sell the HYPE and Long ETH Whale] Stop loss triggered, liquidating $1.77 billion long position, resulting in a $31 million loss in 9 days

On September 2nd, as per Ashes Monitor, the [Whale that sold following the HYPE and then took a long position on ETH] triggered another stop-loss in the early hours today because of the decline in ETH, selling 41,900 ETH (approximately $177 million). After experiencing multiple stop-loss events over 9 days, the total loss reached $31 million. Currently, the whale still holds a long position of 36,500 ETH with a liquidation price of $4099.

15 minutes ago