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.)

Binance Alpha announced that Black Mirror (MIRROR) will be available for trading on September 8, 2025, at 8:00 PM (UTC+8). Once trading opens, users holding at least 220 Alpha Points will be eligible to claim an 800-point airdrop of MIRROR tokens on a first-come, first-served basis. The claim threshold will automatically decrease by 15 points every hour while the promotion is ongoing. Claiming this airdrop requires 15 Alpha Points. Users must confirm their claim within 24 hours on the promotion page; otherwise, their claim will be forfeited.

On September 5, the Central Bank of El Salvador announced the purchase of 13,999 ounces of gold, valued at $50 million. This purchase increased its gold reserves from 44,106 ounces to 58,105 ounces, valued at $207.4 million. El Salvador stated that the gold purchase is part of its international reserve diversification strategy. The Central Bank believes in gold and considers it a global strategic asset. Previously, El Salvador had focused on increasing its Bitcoin holdings. (Golden Ten)

OKX founder and CEO Star stated in a post on the X platform that OKX Boost serves as a channel for high-quality projects to join the OKX DEX and also provides rewards for genuine DEX users. OKX will select eligible Boost projects based on real DEX data and list them on the CEX spot and derivatives markets. The team always encourages real trading, does not support or endorse any fraudulent trading, and does not guarantee returns from any non-real trading.

Community member Omar posted on the X social platform that Hyperliquid currently holds $5.5 billion in USDC deposits as it prepares to launch its native stablecoin, USDH. Omar estimates that if all of these deposits were converted to USDH, Hyperliquid token holders would receive $220 million in incremental revenue. Based on a 4% annualized interest rate, this revenue would increase Hyperliquid's total revenue by approximately 17% compared to its current level. For Circle shareholders, a full conversion would reduce the circulating supply of USDC by 7%, potentially resulting in a reduction of approximately $220 million in annualized revenue (based on USDC transaction fees and other revenue streams).

According to Lookonchain monitoring, qianbaidu.eth has purchased a total of 260,900 HYPEs through two wallets in the past 16 hours, with a transaction amount of approximately US$13 million; the address 0xe0f0 opened a long order of 136,906 HYPEs in the past 6 hours, with a transaction amount of approximately US$6.9 million; the address 0x328B bought 43,415 HYPEs in the past 12 hours, with a transaction amount of approximately US$2.13 million; the address 0x23fA bought and pledged 42,161 HYPEs.

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.

WLFI warned of possible price manipulation by large token holders and froze 272 wallets linked to suspicious activity. High-profile investors, including Justin Sun, were affected, prompting concerns over wallet security and compliance measures.

The people of Venezuela has officially abandoned their local currency, replacing it with Tether's USDt. This comes as Venezuela's economic crisis reached a new tipping point, as the country's annual inflation surges to 229%.

Bessant said that to ensure the stability of the U.S. economy, the Federal Reserve must re-establish its credibility as an independent institution and focus solely on its statutory mission of maximizing employment, stable prices and moderate long-term interest rates.

When financial security meets the speed of innovation, who will define the future of stablecoins?

Shein faced backlash after an AI-generated image of a murder suspect appeared on its website modelling a budget shirt. The company quickly removed the listing and said it would review the vendor responsible for the image.