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Tetra Digital Group, a digital asset infrastructure company, has secured approximately $10 million in funding.

 Tetra Digital Group, a Canadian digital asset infrastructure provider, announced the completion of approximately $10 million in financing, with investors including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. As part of this investment, Tetra and its partners plan to become the first financial institution to launch a Canadian fiat-backed stablecoin in early 2026, pending regulatory approval. The new Tetra stablecoin will leverage Tetra Digital Group's institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency, backed by Canadian dollar reserves at a 1:1 ratio.

Lead Bank raises $70 million at a $1.47 billion valuation

Lead Bank, a Missouri bank with a 97-year history, is currently restructuring to serve financial technology and cryptocurrency companies. The company has raised $70 million, with a valuation of $14.7 billion, almost double that of last year, aiming to expand its balance sheet and customer base.

The bank stated that Silicon Valley's most well-known investors, Andreessen Horowitz and Khosla Ventures, as well as other existing investors (including Ribbit Capital, Coatue, and Zeev Ventures) participated in this round of financing. New investors Iconiq Capital and Greycroft also participated in this round of financing.

U.S. ADP employment figures for August were 54,000, compared to expectations of 65,000.

number of ADP employment in the United States in August was 54,000, expected to be 65,000, and the previous value was 104,000.

South Korea's Financial Services Commission will transfer "large whales" who used tens of billions of won to manipulate the price of the cryptocurrency to the prosecutor's office.

 the South Korean Financial Services Commission stated at a regular meeting on the 3rd that it has transferred relevant individuals suspected of manipulating the virtual asset market and engaging in unfair trading practices to the prosecution, and decided to impose fines on the suspects of unfair trading.

According to the financial authorities, a "large whale" investor used hundreds of billions of Korean won to boost the prices of multiple currencies, illegally profiting tens of billions of Korean won, and is suspected of market manipulation, so he was transferred to the prosecution. The suspect first concentrated on submitting manipulative buy orders, and immediately sold all the chips he held after the funds flowed in to form a buying order, even transferring tokens purchased on overseas virtual asset exchanges for sale domestically.

In addition, cases of unfair trading that profit from the false dissemination of positive information on social media have also been transferred to the prosecution. This is the first time that the financial authorities have investigated and dealt with unfair trading cases involving virtual assets through social media.

For cases of intelligent unfair trading that utilize inter-exchange market price linkage, fines are imposed by the authorities. This is the first time that fines have been imposed since the implementation of the "Virtual Asset User Protection Act."

Stablecoin protocol Reflect completes $3.75 million in funding led by a16z crypto

On September 3rd, stablecoin protocol Reflect completed a $3.75 million financing round, with a16z crypto leading the investment, and Solana Ventures, Equilibrium, Colosseum, and Big Brain Holdings participating.

Ether Machine secures $654 million in private Ethereum funding

On September 2nd, according to Reuters, Ether Machine announced that it has completed a $654 million private placement financing (approximately 150,000 Ethereum) with investment from long-time Ethereum supporter Jeffrey Berns, who will join the company's board of directors. The company was formed through the merger of Ether Reserve and Dynamix Corporation, and is expected to go public on Nasdaq in the fourth quarter of this year, holding approximately 495,362 Ethereum (valued at $2.16 billion) and $367.1 million in cash. Co-founder and chairman Andrew Keys revealed that the third round of financing led by Citibank will be launched this Wednesday, with a target of at least $500 million.

A look at the important developments for the evening of September 1st

12:00-21:00 Keywords: Somnia, WLFI, Futian Investment Control

1. Binance HODLer airdrop Somnia (SOMI) online

2. WLFI officially spent 1 million USD to buy 3.26 million WLFI

3. Futian Investment Control issued the world's first public chain RWA public offering digital bonds

4. WLFI: The initial circulating supply is approximately 24,669,070,265 tokens

5. Binance Finance, One-click Buy Coins, Flash Exchange, Leverage, Contracts will be launched WLFI

6. A whale has exchanged 35,991 BTC for 886,371 ETH in the past 10 days

7. CoinShares: Last week, the fund inflow of digital asset investment products was 24.8 billion USD

Meta is considering collaborating with Google or OpenAI

 according to market sources, the Metaverse platform company (Meta) is considering partnering with Google or OpenAI to enhance the artificial intelligence (AI) capabilities in its applications. Discussions within the Meta Superintelligence Labs include adopting Google's Gemini model and models from the OpenAI company to provide technical support for the Metaverse AI chatbot.

A whale withdrew 11,280 ETH from OKX, worth $49.2 million

 according to Onchain Lens monitoring, a certain whale withdrew 11,280 ETH (worth $49.2 million) from OKX. It currently holds a total of 18,540 ETH, with a total value of approximately $81.73 million.

Crypto trading platform OrangeX completes $20 million Series B funding

cryptocurrency trading platform OrangeX has successfully completed a $20 million Series B financing round, led by Kryptos, with continued support from SCI Ventures and other major investors. The new funds will be used to strengthen core infrastructure and accelerate global market expansion.

Previously, OrangeX completed a $10 million Series A financing round in September 2023, also led by Kryptos, and supported by NGC Capital, Phase Capital, and SCI Ventures.