According to Onchain Lens, multiple whales are accumulating HYPE on HyperLiquid. The giant whale qianbaidu.eth deposited $2.05 million in HYPE, bringing its total holdings to 213,636 HYPE tokens, purchased at an average price of $46.85, for a total value of $10 million. Additionally, whale 0x746 deposited 2 million USDC into Hyperliquid, purchasing 42,449 HYPE tokens at $47.35.

According to official news, Kinto lost 577 ETH in July due to a CPIMP proxy vulnerability in its K token on Arbitrum. This led to increased funding and debt pressures, and the team has not received any compensation since July. The project has now been shut down. All remaining assets (approximately $800,000 USD) will be used to repay Phoenix lenders, with an estimated 76% principal recovery. The founder will personally donate $55,000 USD, and victims will receive up to $1,100 USD per address and can participate in future fund recovery through the CVR protocol. The Kinto wallet and asset withdrawals will be available until September 30th, and the ERA airdrop is scheduled to be distributed on October 15th.

Market data shows that Somnia (SOMI) broke through $1.9 this morning and is now trading at $1.67, with its 24-hour increase expanding to 60.2%. Its current market value is $265 million.

US Treasury bulls will face a dual test this week from inflation and non-farm payroll revisions. With 2-year and 10-year Treasury yields closing at their lowest levels since early April last week, traders are fully pricing in a 25 basis point rate cut by the Federal Reserve in September and anticipating further cuts before the end of the year. This week's focus begins on Tuesday, when the Bureau of Labor Statistics will release its preliminary benchmark revision for the 2025 non-farm payroll survey. Whether the market can extend this month's gains will depend in part on the tone of the PPI and CPI data, to be released on Wednesday and Thursday, respectively. Traders will also be watching how the market absorbs the 3-year, 10-year, and 30-year Treasury auctions. Leslie Falconio, head of fixed income strategy at UBS, said, "The pace of rate cuts this year will be slow and measured, and the data-dependent narrative will continue. A 50 basis point cut in September is highly unlikely. Even if inflation data falls short of market expectations, we wouldn't expect such an aggressive move."

OKX market data shows that BTC has fallen below 111,000 USDT, currently trading at 110,987.3 USDT, a 24-hour drop of 0.71%. (This newsletter was generated with AI assistance.)

BNB Chain announced the results of its annual awards. This year's event received over 7,000 nominations, resulting in 30 finalists across five categories, with over 600,000 votes cast. The Rising Star Award went to the decentralized derivatives exchange @bugscoin_bgsc, the AI ​​Pioneer Award went to the distributed AI data platform @Alaya_AI, the Volume Powerhouse Award went to the decentralized contract platform @MYX_Finance, the New Horizon Award went to the Bitcoin liquid staking protocol @LorenzoProtocol, and the Most Engaging Product Award went to the multiplayer online RPG @worldofdypians. BNB Chain announced that the winners will receive support including AMAs with the global community, highlight showcases at flagship events, and priority opportunities for ecosystem collaboration.

According to OnchainLens monitoring, a whale deposited 2,929.6 ETH into HyperUnit and sold it at an average price of $4,315, with a transaction amount of approximately $12.64 million.

Forward Industries, Inc. announced the completion of a $1.65 billion private placement, with funds committed in cash and stablecoins to advance its Solana Treasury strategy. (AggrNews)

On-chain data shows that at 15:32 today, Linea's holding address on the Ethereum mainnet (starting with 0x051) transferred 1,883,060,741 LINEA tokens to an address starting with 0x1B3. This number is exactly the same as the number previously transferred to the black hole address on the Linea network. The previous action is suspected to be a cross-chain transfer.

Grayscale has filed an S-1 filing with the U.S. Securities and Exchange Commission (SEC) for a Chainlink ETF.

El Salvador has doubled down on its Bitcoin strategy, with President Nayib Bukele purchasing 21 BTC on Monday to commemorate the fourth anniversary of the country’s landmark Bitcoin Law.

South African company Altvest plans to raise $210 million to buy Bitcoin and rebrand as Africa Bitcoin Corp. The firm aims to hold Bitcoin as a core reserve asset and list on regional and international exchanges.

The Wuxi Intermediate People’s Court has dismissed a lawsuit over “virtual US dollars,” underscoring that overseas cryptocurrency investments remain illegal, unprotected, and solely the responsibility of investors.

Kinto Network is shutting down after a $1.55 million hack and failed recovery efforts, causing its token to drop over 80%. Founder Ramón Recuero will return some funds to affected users, but the project could not sustain operations.

Recently, the cryptocurrency market has once again focused on the stablecoin giant Tether and its core reserve assets.

Ripple's legal battle with the U.S. Securities and Exchange Commission has finally come to an end, which means it can focus on its original goal: challenging SWIFT, the global money transfer system.

A former South Korean lawmaker urged the government to push won-pegged stablecoins onto global exchanges like Binance and Coinbase. He warned that limiting them to local platforms would block demand and called for companies like Samsung to play a role.

The technical debt accumulated by Ethereum in the past is still too heavy, and it will take at least 4-5 years of reconstruction.

Coinbase’s bold AI bet may be opening the door to disaster. As CEO Brian Armstrong pushes the exchange to become more AI-centric—with nearly half of its daily code now generated by artificial intelligence—security experts are warning that this rapid shift could expose the company to devastating vulnerabilities.

Cryptocurrencies, once on the fringe, are now gradually integrating into the financial mainstream.