Global Weekly Top 10 Crypto News (Sept 1 to Sept 5)

1. U.S. Employment Data Released on September 4 Shows Weakness

The U.S. initial jobless claims for the week ending August 30 came in at 237,000, slightly higher than the expected 230,000 and the previous figure of 229,000.

Additionally, the ADP employment report for August revealed an increase of 54,000 jobs, falling short of the expected 65,000 and significantly lower than the prior month’s 104,000.

2. Justin Sun Blacklisted by WLFI After Transferring 50 Million WLFI Tokens

World Liberty Financial, reportedly backed by the Trump family, has blacklisted Justin Sun’s wallet after he transferred 50 million WLFI tokens valued at $9 million.

Justin Sun responded on social media, stating, "Our address only carried out a few general exchange deposit tests with very small amounts, followed by an address dispersion. No buying or selling was involved, so it could not possibly have any impact on the market."

3. Gemini Announces IPO with Ticker Symbol "GEMI"

Cryptocurrency platform Gemini has officially announced the launch of its IPO, planning to issue approximately 16.67 million Class A common shares. The expected price range for the offering is set between $17 and $19 per share.

The company has applied to list its shares on the Nasdaq Global Select Market under the ticker symbol "GEMI." Goldman Sachs and Citigroup will serve as the lead bookrunners for the IPO. Founded in 2014 by the Winklevoss twins, Gemini currently provides cryptocurrency services in over 60 countries worldwide.

4. SEC and CFTC Issue Joint Statement Allowing Registered Platforms to Conduct Crypto Spot Trading

The U.S. SEC and the Commodity Futures Trading Commission (CFTC) have released a joint statement permitting registered trading platforms to engage in cryptocurrency spot trading activities.

SEC Chairman Paul Atkins and Acting CFTC Chair Caroline Pham announced that CFTC-registered Designated Contract Markets (DCMs), Foreign Boards of Trade (FBOTs), and SEC-registered National Securities Exchanges (NSEs) are now allowed to conduct spot trading for specific crypto assets. The regulators emphasized that they will maintain active communication with these trading venues to ensure that market operations adhere to principles of fairness and orderliness.

5. Linea to Conduct TGE on September 10, Airdrop Eligibility Checker Now Live

Ethereum Layer 2 solution Linea has announced that its TGE will take place on September 10. Additionally, the airdrop eligibility checker is now live for users to verify their qualifications.

Airdrop Details:

• Eligibility Criteria: Based on actual participation in LXP and LXP-L activities.

• Claim Period: From September 10 to December 9 (90 days).

• Unlocking Schedule: All airdropped tokens will be fully unlocked with no vesting period.

Token Allocation:

• 85% Allocated to Ecosystem:

  • 10% reserved for early users and builders.

  • 75% dedicated to the ecosystem fund.

This TGE marks a significant milestone for Linea as it continues to expand its ecosystem and engage its community through token distribution and incentives.

6. Ethereum Foundation to Sell 10,000 ETH to Support R&D, Grants, and Donations

The Ethereum Foundation announced via social media that it plans to convert 10,000 ETH through centralized exchanges over the coming weeks. The proceeds will be used to support ongoing research and development, grants, and donation initiatives.

The foundation clarified that the conversion will be conducted in multiple smaller transactions, avoiding large-scale trades to minimize market impact.

7. Yunfeng Financial Acquires 10,000 ETH with a Total Investment of $44 Million

Yunfeng Financial has announced that its board of directors has approved the acquisition of ETH as a reserve asset through open market purchases.

As of the announcement date, the group has accumulated a total of 10,000 ETH with an investment cost, including fees and expenses, of $44 million. The purchase was funded using the group’s internal cash reserves, and the acquired ETH will be classified as investment assets in its financial statements.

Additionally, Yunfeng Financial Group revealed on September 1 that it has entered into a strategic partnership with Ant Group and made a strategic investment in the Pharos blockchain.

8. Japan Post Bank Plans to Launch Digital Currency in Fiscal Year 2026

Japan Post Bank is preparing to launch its own digital currency in fiscal year 2026, aiming to optimize its $1.3 trillion in deposits. The digital currency will enable account holders to seamlessly trade blockchain-based financial products, including security tokens and NFTs. As one of Japan's largest deposit-holding institutions, this move represents a significant shift for traditional financial players entering the digital asset space.

9. BGB Upgraded to Morph Blockchain Token with 220 Million Burned

Bitget has announced an exclusive strategic partnership with the consumer-focused Morph blockchain to accelerate the on-chain application and ecosystem expansion of BGB. The token will be upgraded to serve as the gas and governance token within the Morph ecosystem while maintaining its core functionalities in exchanges and partner ecosystems.

As part of the collaboration, all 440 million BGB tokens managed by the Bitget team will be transferred to the Morph Foundation. Of these, 220 million tokens will be burned in a one-time event, while the remaining 220 million will be locked and gradually unlocked at a rate of 2% per month. These unlocked tokens will be allocated for liquidity incentives, ecosystem development, education, and outreach.

Additionally, the Morph Foundation will introduce a new BGB burn mechanism tied to the activity level of the Morph blockchain until the total supply of BGB is reduced to 100 million.

As a further step in the partnership, Bitget and Bitget Wallet will adopt Morph as the payment infrastructure and PayFi settlement layer. They will also assist in onboarding stablecoin issuers and global payment solution providers into the Morph ecosystem. This integration will bring Bitget’s 120 million users into the decentralized ecosystem built by Morph, fostering its growth and development.

10. Hong Kong’s Fosun Wealth Tokenizes $328 Million Worth of Medical Company Shares

Hong Kong-based Fosun Wealth Holdings has announced the completion of tokenizing shares in Sisram Medical, a Hong Kong-listed medical technology company, with a total value of approximately $328 million. The project was carried out using Vaulta’s "Banking OS" system, which integrates Solana blockchain technology for issuance and settlement processes.

Sisram Medical (stock code: 1696.HK), an Israel-based medical technology company, is the first equity project under this tokenization initiative. Fosun has also revealed plans to tokenize additional corporate bonds and shares in the future, though specific timelines and target companies have not yet been disclosed.