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.)

SOL Treasury Forward Industries rose by more than $33, and is now at $33.23 before the market opens, up more than 113%. Previous news: Forward Industries announced $1.65 billion in private financing for Solana Treasury Strategy

As an official partner of MotoGP, Bitget made a presence at the Barcelona-Catalunya Circuit from September 5th to 7th. Featuring a 360-degree interactive exhibition area, professional racing simulators, co-branded merchandise, and other diverse experiences, the event brought an immersive experience to tens of thousands of spectators. This marked Bitget's return to the world stage, following the German Grand Prix in July. At the Catalunya Circuit, legendary MotoGP rider and five-time World Champion Jorge Lorenzo officially launched the Bitget Smarter Speed ​​Challenge. This global virtual challenge, running until November 16th, combines online competition with a rewards system. Users can accumulate points by completing daily track tasks and climbing the leaderboard to compete for a share of a $66,000 prize pool, exclusive MotoGP merchandise, VIP passes for the 2026 season, and a special Bitget-sponsored opportunity to meet Jorge Lorenzo in Singapore. "The core spirit of MotoGP is about constantly pushing boundaries, and this is what drives Bitget," said Gracy Chen, CEO of Bitget. "We hope to use the Catalan Grand Prix to bring this spirit to more users and create a unique and unforgettable experience."

According to an official Twitter announcement, the BTFS technical community is currently in final review of proposal BTIP-103. This proposal aims to enable BTFS clients to obtain storage service provider (SP) addresses directly from smart contracts. By streamlining governance and storage operations, it will significantly improve system integration efficiency and scalability. This move will further optimize the underlying BTFS network architecture and bring a more efficient collaborative model to the decentralized storage ecosystem.

According to an official Twitter post, cryptocurrency exchange CoinEx has officially become a WINkLink ecosystem partner. The two parties will collaborate deeply on oracle services and the exchange ecosystem, jointly promoting the inclusive adoption and innovative applications of blockchain technology. This partnership not only strengthens WINkLink's advantages in decentralized data services but also brings more real-world application scenarios to the TRON ecosystem, accelerating the widespread adoption of blockchain technology worldwide. Going forward, both parties will continue to explore cross-ecosystem value interconnection, bringing more secure, efficient, and practical solutions to the industry.

Sui Ecological Lending Protocol Scallop released an update regarding the Nemo Protocol vulnerability, stating that earlier today the team learned of a security incident at the Nemo Protocol involving its sCoin mining pool. However, the incident was limited to the Nemo Protocol and would not affect the Scallop mining pool. Currently, all Scallop mining pools are operating normally. Scallop added that the Nemo team is working with a third-party auditing agency and will provide further updates later. Previous news: Sui Ecological DeFi Protocol Nemo was attacked, resulting in a loss of approximately $2.4 million.

Because if they can invest in something that strips valuable components from Ethereum’s open-source superstructure, then they can get super rich.

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.