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.)

The Smarter Web Company, a publicly listed technology company, announced the completion of a placing of 2,043,000 ordinary shares pursuant to the subscription agreement announced on June 19, 2025, raising gross proceeds of approximately £2,612,000 (before expenses), representing a price of approximately £1.28 per share. The Company is expected to receive approximately 97% of the settlement funds early this week, with the remaining 548,800 ordinary shares remaining to be placed.

According to on-chain data, the Maji Brothers currently hold $125 million worth of ETH long positions on Hyperliquid (15x leverage), with unrealized losses of approximately $2.1 million; at the same time, they hold $16 million worth of HYPE long positions (10x leverage), with a book profit of approximately 40%, supporting their overall account to maintain profitability.

Regarding the fact that "Paxos' USDH proposal does not mention specific partners," Paxos Labs co-founder bhau posted on the X platform, "The Paxos USDH proposal does not include specific partners because we are not trying to build an exclusive partner alliance around USDH. Our goal is to provide the infrastructure to make USDH the most liquid and cost-efficient asset in the ecosystem, and open it up to everyone to build on. This includes gateway switches, DeFi protocols, fintech applications, and payment providers. Yes, we have already reached cooperation with excellent partners such as @raincards and @LayerZero_Core."

DragonFly General Partner Rob Hadick posted on X Platform in support of the Agora USDH proposal, saying, "This proposal from @withAUSD, @raincards, @LayerZero_Core, and @EtherFi is almost certainly the strongest USDH proposal we've seen to date. (If passed,) Hyperliquid won't face the scaling/counterparty issues of Lead Bank (which currently holds only $3 billion in assets, half of all USDC on HL), nor will it face the same challenges competing with Stripe/Tempo for Bridge support. The platform will have the same institutional backing and infrastructure as Paxos, but with access to Rain's leading on-chain spending product, the best bridge interoperability with Layerzero, and one of Ether.fi's leading vault management. This puts it on par with the best institutional backing, and its usability and infrastructure undoubtedly surpass the others. Given this and the strength of Paxos, it will be interesting to see how open and fair this process is. And to see if we receive additional strong support in the coming days."

According to crypto analyst Ai Yi @ai_9684 (xtpa), approximately two hours ago, a smart money investor transferred another 2.95 million USDC to Hyperliquid to increase their HYPE holdings. This total investment now stands at $8.6 million, with a holding of 175,645 HYPE tokens, at an average cost of approximately $48.96.

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