Gate Daily (September 2): Trump family WLFI Token appreciates to 5 billion USD; Metaplanet realizes a plan to purchase 20,000 BTC.

Bitcoin (BTC) maintains a period of oscillation, temporarily reported at around $109,020 on September 2. The value of World Liberty Financial Token WLFI, held by the family of U.S. President Trump, skyrocketed to $5 billion after its unlocking. Despite the fall in the prices of Bitcoin and Ethereum (ETH), crypto assets funds still saw an inflow of $2.5 billion. Metaplanet achieved a milestone of 20,000 BTC in its $2.8 billion growth plan approved by shareholders.

Today's Preview

1. Eurozone August Consumer Price Index Preliminary (Year-on-Year), Previous Value was 2.0%

2. Eurozone August Consumer Price Index preliminary value (month-on-month), previous value was 0.0%

3. U.S. July construction spending (month-on-month), previous value was -0.4%

4. The ISM Manufacturing Purchasing Managers' Index for the US in August, with a previous value of 48.0.

Macro Events & Coin Circle Hotspots

1. Following the significant unlock on September 1, an entity related to U.S. President Trump’s family currently holds approximately $5 billion worth of WLFI tokens. According to the World Liberty Financial website, DT Marks DEFI LLC and "certain family members" of Trump hold 22.5 billion WLFI tokens. The company reported that as part of its plan to establish an initial circulating supply, it unlocked 24.6 billion WLFI tokens on Monday, causing its price to briefly rise to $0.40 before falling back to about $0.21. WLFI had previously stated that the holdings of its founders— including Trump and his three sons Donald Trump Jr., Barron Trump, and Eric Trump—would initially remain locked. However, according to the WLFI stock price at the time of this article's publication, the unlock on September 1 actually valued the Trump family's holdings at approximately $5 billion.

2. Data from CoinShares shows that cryptocurrency investment products rebounded strongly last week, attracting nearly $2.5 billion in inflows. The previous week, cryptocurrency investment products experienced a massive outflow of about $1.4 billion, indicating renewed interest from investors in digital asset funds. Exchange-Traded Products (ETPs) are at the core of this momentum, recording $2.48 billion in inflows. This trend highlights the growing interest from institutions and retail investors in cryptocurrency investment tools, despite the overall market remaining volatile. Although funds continue to pour in, the Bitcoin spot market faces downward pressure, with price trends remaining uncertain.

3. Metaplanet acquired 1,009 Bitcoins for approximately 112 million USD, bringing the total holdings of this Japanese company to 20,000 BTC, while shareholders approved an ambitious plan to add 2.8 billion USD worth of Bitcoins to its treasury by 2027. The Tokyo-listed company announced the acquisition on September 1, paying an average of 16.3 million yen (about 110,720 USD) per Bitcoin. This capital expansion strategy was voted on at Metaplanet's special shareholders' meeting. The acquisition has increased the value of Metaplanet's Bitcoin assets to over 2.1 billion USD, solidifying its position as the largest corporate Bitcoin holder in Asia. Moreover, this also makes the company the sixth largest BTC holder in the world, surpassing Riot Platforms.

Market Trend

1. Bitcoin Latest News: $BTC maintains range fluctuations, currently reported around 109,020 USD, with a liquidation of 67.46 million USD in the past 24 hours, mainly from long positions;

2. The US stock market and bond market were closed on September 1st for Labor Day and resumed normal trading on September 2nd.

(Source: Gate)

3. In the Gate BTC/USDT liquidation map, based on the current 109,224.70 USDT, if it falls to around 106,442 USD, the cumulative liquidation amount of long positions exceeds 1.03 billion USD; if it rises to around 110,594 USD, the cumulative liquidation amount of short positions exceeds 788 million USD. The liquidation amount for shorts is significantly lower than for longs, so it's recommended to reasonably control the leverage ratio to avoid triggering large-scale liquidations during market fluctuations.

(Source: CoinGlass)

4. In the past 24 hours, BTC spot inflow was 1.91 billion USD, outflow was 2.14 billion USD, resulting in a net outflow of 230 million USD.

(Source: CoinGlass)

5. In the past 24 hours, contracts such as $ETH, $BTC, $SOL, $WLFI, and $TRUMP have seen net outflows, indicating trading opportunities.

News Updates

1. Metaplanet President: The company plans to accumulate 210,000 Bitcoins by 2027.

2. The two addresses received a total of 185,000 ETH, with a total value of $798 million.

3. Deutsche Bank increased its stake in Strategy stock by $47 million in Q2.

4. RAK Properties, a company in the UAE, will accept Bitcoin and other Crypto Assets for real estate transactions.

5. The WLFI tokens held by the Trump family are currently valued at approximately 5 billion dollars.

6. Revolut has initiated the process to sell its shares in the company, valued at $75 billion, by some employees.

7. The WLFI team proposes to use all WLFI treasury liquidity fees for buybacks and burns.

8. The largest investor of WLFI has received 20% of the unlocked tokens, totaling 200 million WLFI.

9. WorldLibertyFi multi-signature address on-chain repurchase of 6,498,000 WLFI

10. Foreign media: The U.S. government's Efficiency Department is attempting to reduce the rules and regulations of the U.S. SEC using AI.

11. WLFI Token officially launched, Eric Trump stated that it will set a new standard for financial freedom.

12. ZachXBT: Price list and wallet address leak of over 200 crypto influencers.

13. El Salvador will host the first government-led BTC conference.

X KOL Selected Insights

Phyrex Ni (@Phyrex_Ni): "On September 1st, the U.S. stock market is closed due to the holiday, so the market remains similar to the weekend, just with slightly increased volatility, especially in the Asian time zone. Although CME's U.S. stock futures have limited trading hours, the three major stock index futures opened slightly lower before rising, indicating that investors likely experienced a relief in sentiment after the weekend. The focus this week is on the labor data starting on Wednesday, with Friday's non-farm payroll being the most important. Wednesday and Thursday serve as the prelude, and the non-farm data will likely be a key criterion for the Federal Reserve's decision on whether to cut rates in September. Currently, according to market expectations, the data itself may not be very optimistic, but it will depend on how the market interprets it. Will it turn into a situation like when Powell spoke two Fridays ago? The increase in labor this time is limited, the unemployment rate has risen to 4.3%, and wages have seen slight annual changes, combined with rising inflation, which indeed may lead the market to expect that the U.S. economy is entering a stagflation phase. Of course, the negative impact is that the probability of the Federal Reserve cutting rates in September will continue to rise, but the reason for the rise is adverse economic conditions, which is why I say whether it will replicate last Friday's trend."

"Looking back at the data for Bitcoin, the expectations are the same as yesterday, with little price fluctuation and a very low turnover rate, which has already reached bear market standards. This indicates that investors' interest in buying and selling $BTC during the three days of the weekend is extremely low, but it is expected to increase when the workweek starts on Tuesday. It also shows that the current price fluctuations of BTC have little to do with general investors. The support level remains unchanged, and since there is not much turnover, it inevitably has little impact on the current support, which is still around 112,000 to 118,000 USD. The two consecutive support levels can still stabilize for the time being, and Friday's non-farm payroll report does not rule out the possibility of another two-sided pinning."