Iceland's referendum refuses to restart EU accession negotiations, MiCA law temporarily not applicable

According to Lookonchain monitoring, Metaplanet has purchased a total of 43000 bitcoins, with an average price of $961.91 million and a total value of $3.48 billion; In the past 3 days, Metaplanet has deposited 2400 bitcoins worth $186 million into Coinbase Prime.

BTC remains August's best-performing asset after the latest escalation in geopolitical tensions.

Iceland held a referendum on August 30th, with 52.8% of voters, totaling 105339 votes, opposing the resumption of EU accession negotiations. As a member of the European Economic Area (EEA) rather than the European Union, Iceland currently does not automatically apply the EU MiCA Act, and cryptocurrency activities are mainly regulated by general financial laws. According to Bitcoin.com News, MiCA is expected to be included in the EEA agreement in the future, but there is currently no official timetable.

According to the Financial Times, cryptocurrency projects have invested a record breaking $640 million in token buybacks this year, with Hyperliquid and pump.fun contributing nearly 90%. （Cointelegraph）

According to GMGN market data, the market value of PONS has rebounded to $350 million, with a current price of $0.352.