Regarding the sale of approximately $5.15 million worth of HYPE last night, Arthur Hayes jokingly responded that he was "paying a deposit for a Rari 849 Testarossa." Previous news: Arthur Hayes sold 96,600 HYPE coins, cashing in $5.1 million.

Perhaps influenced by CZ's tweet of thanks, according to GMGN data, GIGGLE's market value rose by more than 30 million US dollars in a short period of time, an increase of more than 1,100 times in a day, and is now reported at 22 million US dollars.

Changpeng Zhao posted on the X platform that Giggle Academy received over $1 million in donations within 12 hours of opening it for donations, with approximately 90% of that coming from $900,000 in fees generated by a single Meme coin, which has a market capitalization of approximately $5 million. He said this changed his perspective on Meme coin and emphasized that it had demonstrated practical utility. Zhao also stated that Giggle Academy would not use the donations for employee expenses, which he would personally cover. The project has not created a token and has no plans to issue one in the future.

According to crypto analyst Ember (@EmberCN), a large investor, who has accumulated $76.05 million in profits from ETH trading, bought 16,569 ETH (worth $74.29 million) at $4,484 the day before yesterday and increased his holdings again today. Two hours ago, the investor transferred 43.654 million USDC to Wintermute and withdrew 10,000 ETH five minutes ago, purchasing at an average price of $4,365.

According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $887 million during last week's trading days (September 15th to 19th, US Eastern Time). The Bitcoin spot ETF with the largest weekly net inflow was Blackrock's IBIT Bitcoin ETF, which saw a net inflow of $867 million, bringing IBIT's total net inflow to $60.64 billion. The second largest weekly net inflow was Grayscale's Bitcoin Mini Trust ETF (BTC), which saw a net inflow of $39.59 million, bringing BTC's total net inflow to $1.85 billion. The Bitcoin spot ETF with the largest weekly net outflow was Grayscale's GBTC ETF, which saw a net outflow of $86.14 million, bringing GBTC's total net outflow to $24.08 billion. As of press time, the total net asset value of the Bitcoin spot ETF was US$152.31 billion, the ETF's net asset ratio (market value as a percentage of Bitcoin's total market value) reached 6.63%, and the historical cumulative net inflow has reached US$57.72 billion.

According to SoSoValue data, Ethereum spot ETFs saw a net inflow of $557 million last week (September 15th to 19th, US Eastern Time). The Blackrock ETHA ETF saw the largest weekly net inflow, with $513 million, bringing ETHA's total net inflow to $13.4 billion. The Grayscale ETH Mini Trust ETF saw the second-largest weekly net inflow, with $17.99 million, bringing ETH's total net inflow to $1.44 billion. The VanEck ETHV ETF saw the largest weekly net outflow, with $8.16 million, bringing ETHV's total net inflow to $189 million. As of press time, the total net asset value of the Ethereum spot ETF was US$29.64 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 5.51%, and the historical cumulative net inflow has reached US$13.92 billion.

According to Foresight News, the upcoming cycle in the cryptocurrency market is anticipated to be characterized by structural integration with global capital markets, rather than speculative liquidity shocks. This evolution will be influenced by liquidity rotation timing and scale, the Federal Reserve's interest rate trajectory, and institutional adoption patterns. Unlike the rapid altcoin season of 2021, the forthcoming period is expected to be slower, more selective, and focused on institutional involvement. If the Federal Reserve releases liquidity through rate cuts and bond issuance, coupled with increased institutional adoption, 2026 could become a significant risk asset cycle since 1999-2000. Cryptocurrencies are likely to benefit, but their growth will be more regulated rather than explosive. In 1999, the Federal Reserve raised interest rates by 175 basis points, yet the stock market surged to its peak in 2000. Current market expectations are the opposite, predicting a 150 basis point rate cut by the end of 2026. If realized, this would create a liquidity-enhancing environment. From a risk appetite perspective, the market conditions in 2026 might resemble those of 1999-2000, but with opposite interest rate trends. Comparing the current market with the previous major cycle reveals significant differences: - Capital discipline is stricter due to high interest rates and persistent inflation, prompting cautious risk asset selection. - There is no pandemic-level liquidity surge, requiring industry growth to rely on adoption rate increases and capital allocation. - The market size has expanded tenfold, providing deeper liquidity but reducing the likelihood of 50-100 times excess returns. - Institutional adoption is well-established, leading to more gradual market rotation and integration rather than explosive asset shifts. Bitcoin's performance is delayed in relation to the liquidity environment because new liquidity is trapped in short-term treasuries and money markets. Cryptocurrencies, as assets at the end of the risk curve, benefit only after liquidity flows downstream. Catalysts for strong cryptocurrency performance include: - Bank credit expansion (ISM Manufacturing Index > 50); - Post-rate cut capital outflows from money market funds; - Treasury issuance of long-term bonds, lowering long-term rates; - A weaker dollar, easing global financing pressures. Historically, when these conditions are met, cryptocurrencies tend to rise later in the cycle, following stocks and gold. Despite a bullish liquidity framework, several risks remain: - Rising long-term yields due to geopolitical tensions; - A strengthening dollar tightening global liquidity; - Weak bank credit or tightening credit conditions; - Liquidity remaining in money market funds, not flowing into risk assets. The next cycle's core feature will be the structural integration of cryptocurrencies with global capital markets, driven by institutional capital inflows, cautious risk-taking, and policy-driven liquidity shifts. This may mark a transition from a 'boom-bust' pattern to one of systemic relevance by 2026.

Metaplanet announced that it purchased 5,419 BTC for approximately $633 million, at an average price of approximately $116,700. This represents a 395.1% return on its Bitcoin investments this year. As of September 22nd, Metaplanet held a total of 25,555 BTC, at a total cost of approximately $2.71 billion and an average price of approximately $106,100.

According to data from The Data Nerd, a whale deposited 16,800 ETH (worth approximately $72.88 million) into Binance 45 minutes ago. This address established its position three weeks ago at an average price of approximately $4,429. If it were sold at the current price, it would result in a loss of approximately $1.46 million.

Aria announced the launch of Aria PRIME, an institutional-grade on-chain IP investment platform. The initial project, in partnership with Contents Technologies, will register and tokenize a $100 million Korean music copyright library on the Story blockchain. Aria PRIME focuses on transforming high-value IP into a new type of financial asset. Through fund structures, legal compliance, and risk management, it provides copyright holders with a transparent, liquid, and composable management model, while also opening up new channels for institutional investors to invest in cultural assets. Aria plans to expand beyond music into iconic IP sectors such as film and art, aiming to build the world's largest institutional-grade IP tokenization platform. Story is reportedly hosting the Origin Summit in South Korea on September 23rd. Today, the price of IP briefly surpassed 15 USDT, a 24-hour increase of over 24%.

China has launched AxCNH, the first offshore yuan stablecoin, to simplify cross-border payments along the Belt and Road Initiative. South Korea followed with KRW1, a won-backed stablecoin, aiming to digitise its currency and improve international trade settlements.

From a decentralized payment tool to an alternative investment product, Bitcoin's core positioning has changed, and stablecoins have taken over the payment mission that Bitcoin has not completed.

The highly anticipated debut of the first U.S. exchange-traded fund (ETF) tracking Dogecoin (DOGE) failed to deliver the immediate price surge traders had hoped for. Instead, Dogecoin slipped, underscoring the limits of hype-driven catalysts when new adoption is weak.

The ongoing DEX war intensified when the world’s largest exchange backed a Hyperliquid competitor.

The Federal Reserve's printing press has restarted, and the meltdown continues. If you believe "this time is different," you're in the minority. Take action now, and don't let FOMO get you left behind.

Golden Finance has launched the 2824th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Low-risk DeFi is already supporting the Ethereum economy, and it is to Ethereum what search is to Google.

Too many people are Fomo Perp Dex. After sobering up, I would like to share some thoughts that are a bit "incongruous" with the prosperous market. The following only represents my personal understanding.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry trends.

This generation of Perp DEX is fundamentally different from the "GMX, DYDX" generation of Perp DEX. Since it's still essentially Perp DEX, the title will still refer to Perp DEX. Starting as "Perp DEX," it quickly rose to prominence.