Strive Funds plans to purchase over $700 million in Bitcoin after its IPO

Hyperliquid (HYPE) declined 7% on Thursday after Nasdaq-listed Lion Group Holding (LGHL) revealed that it secured $600 million from investment firm ATW Partners to initiate its HYPE treasury reserve.

PANews reported on August 28 that according to monitoring by on-chain analyst Yu Jin, after the four members of the "Roller Coaster Team" basically lost all their money, only James Wynn and "Rolling Warehouse Brother" are still playing "Ant Warehouse". James Wynn previously shared his Hyperliquid invite link several times during a period of high market interest. 691 people took his lead, earning him $114,000 in commissions. He's currently using the commission funds to open several Ant positions. For example, he currently has $10,000 in his address and has opened a 10x long position on DOGE. After being liquidated the day before yesterday, the "rolling man" used the last $60,000 in his address to continue buying ETH. After two days, his balance has now turned into $90,000.

PANews reported on August 28th that Circle has proposed issuing a US dollar stablecoin, rather than a Korean won stablecoin, to South Korea's financial sector. Circle President Heath Tarbert, during a meeting with key executives from the country's four largest financial institutions, stated that "there is no intention to collaborate on a Korean won stablecoin," and introduced Circle's US dollar stablecoin and proposed cooperation. The four major financial institutions believe that Circle's president's visit to South Korea is motivated by the need to secure Circle's token market share. However, some in the South Korean financial community have recently called for swift regulation of offshore stablecoins. The potential for domestic circulation of offshore stablecoins could disrupt the market. This explains why Tarbert's visit to South Korea is being interpreted as a ploy to persuade banks before regulatory measures are implemented.