A crypto whale liquidated their entire position of 52,000 ETH, reaping $24.49 million in profits over two and a half months.

According to Bloomberg, Shayne Coplan, founder and CEO of Polymarket, previously hinted the platform might release important news, sparking widespread community speculation about a token launch. However, at Singapore’s Token2049 conference, he only expressed optimism about on-chain assets and did not announce a specific token issuance plan, drawing dissatisfaction from some users. Meanwhile, the crypto industry is gradually shifting from token-based financing to equity financing. Data shows that from January 2025 to February 2026, less than 10% of tokens listed on major exchanges generated positive returns. Cross-chain protocol Across is phasing out its token and allowing holders to exchange it for company equity; asset tokenization platform Centrifuge is also pursuing a similar transition. Centrifuge CEO Bhaji Illuminati noted that tokens could act as a barrier for firms to attract traditional financial institutions, as some institutions are restricted by internal rules from holding tokens and fear anonymous token holders may influence project decisions. Previous reports said Polymarket is in a new financing round with an alleged valuation of $21 billion, and is expanding its institutional business via moves like hiring former Goldman Sachs partners. Against the backdrop of a slumping token market and institutional investors’ growing focus on compliance and governance, more crypto firms are re-evaluating the need for token issuance and turning to traditional equity financing.

Beating AI News Flash: Anthropic will today disclose its third-quarter revenue figures to potential institutional investors at its San Francisco headquarters, to gauge investor reaction to its financial performance and IPO plans. The company is reportedly advancing an IPO valued at around $2 trillion, with plans to go public in November. It previously filed a confidential IPO application with the U.S. Securities and Exchange Commission (SEC), though the exact listing date remains unconfirmed. This disclosure comes amid pressure on the AI sector. Last week, OpenAI updated existing investors on its annualized revenue of $50 billion, below the widely circulated market estimate of $70 billion, sparking debate over revenue calculation metrics and weighing on semiconductor stocks and the Nasdaq index. Meanwhile, Broadcom CEO Hock Tan warned that rising interest rates could make access to capital a key constraint for AI companies' growth. The market will closely watch whether Anthropic clarifies its revenue recognition standards, particularly whether it includes revenue from cloud partners, to avoid a repeat of the market misinterpretation triggered by OpenAI's data disclosure. This financial data release may influence investors' assessment of Anthropic's growth outlook, and further impact its IPO pricing and listing timeline.

Two people familiar with the matter revealed that Coins.ph, the Philippines’ largest cryptocurrency exchange, is facing regulatory penalties from the country’s central bank, reportedly for providing services to restricted offshore gambling and betting firms. One source noted the violations are severe enough to potentially lead to the exchange’s operating license being revoked. Coins.ph has over 18 million users, with a daily spot trading volume of approximately $50 million, and controls around 75% to 80% of Philippine peso (PHP) stablecoin liquidity in the country. Earlier this month, the Philippine central bank allegedly restricted deposits to Coins.ph via its main wallet operator DCPay Philippines. Prior to this, the central bank had ordered regulated institutions to cut off e-wallet app access to gambling websites; some gambling firms subsequently turned to Coins.ph, using cryptocurrencies and stablecoins to make payments to overseas partners. The report also pointed out that multiple compliance department executives have recently left Coins.ph, including its chief compliance officer and head of anti-money laundering monitoring.

Metaplanet CEO Simon Gerovich announced in a post that the company will issue zero-coupon yen-denominated convertible bonds totaling 52 billion yen, maturing in 2031, while simultaneously advancing its share repurchase program. Of the proceeds from the bond issuance, up to 28.3 billion yen will be allocated to share buybacks: up to 25.3 billion yen will be used for over-the-counter (OTC) block trades covering up to 96,934,800 shares, or roughly 7.1% of the company’s outstanding issued shares; the remaining amount will be acquired via open market purchases. Separately, the company will use approximately 23.6 billion yen to partially repay its credit line, unlocking the Bitcoin currently held as collateral for the facility. Gerovich explained that Metaplanet’s current share price trades below the value of its Bitcoin holdings, so the repurchase is designed to create shareholder value by leveraging this discount. The convertible bonds’ initial conversion price is set above both the bond’s issuance price and 1.0 times its market net asset value (mNAV). Though the issuance will increase the company’s total debt, Metaplanet intends to replace some secured, interest-bearing loans with unsecured debt that carries no periodic interest payments. This move is expected to lower interest costs, extend debt tenors, and boost financial flexibility for future Bitcoin acquisitions.

According to Bitget market data, South Korea’s semiconductor stock market is rebounding. The KOSPI Composite Index is currently up 1.52%, with SK Hynix rising 3.47% and Samsung Electronics gaining 3.66%. Prior to this, South Korea’s stock market had seen five consecutive trading days of sell-offs, with semiconductor stocks experiencing particularly sharp declines. Market concerns first stem from China’s growing competitiveness. ChangXin Memory Technologies recently disclosed that it has made key progress on a memory chip architecture that Samsung Electronics and SK Hynix are also developing. While this technological breakthrough is still far from translating into large-scale, commercial competitive production capacity, investors have begun reassessing how the catch-up of Chinese storage manufacturers will impact the future pricing power and valuation premiums of South Korea’s two leading chip firms. Marginal shifts in AI investment logic have also amplified the downturn. Broadcom CEO Hock Tan noted that demand for computing power infrastructure still exceeds the industry’s current supply, and the supply-demand gap may persist until 2029 or even 2030. As hardware bottlenecks such as chips, memory, and power gradually ease, access to capital could become the biggest constraint on AI expansion. Many AI investors do not clearly understand the business models they are betting on, yet set extreme expectations, ultimately making this round of investment "almost like being in a casino".

According to HTX market data, GNS has surged over 118% in the past 24 hours, currently trading at $0.78 with a market cap of $17.33 million. GNS is the native token of decentralized leverage trading platform Gains Network. Earlier on September 4, Binance announced it would add a watchlist tag for Gains Network (GNS).