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.)

OKX market data shows that BTC has broken through 112,000 USDT and is currently trading at 112,004.5 USDT, a 24-hour increase of 0.74%. (This newsletter is generated by AI)

The European Union is exploring new sanctions against about six Russian banks and energy companies as part of its latest round of pressure measures to pressure Russian President Vladimir Putin to end the conflict between Russia and Ukraine. According to people familiar with the matter, the package (which would be the 19th round of EU sanctions since the full-scale outbreak of the Russia-Ukraine conflict in 2022) may also target Russia's payment and credit card systems, cryptocurrency exchanges, and further restrict the country's oil trade. (Jinshi)

South African listed company Altvest Capital Ltd. plans to raise $210 million to purchase Bitcoin and establish a cryptocurrency treasury reserve to capitalize on the near-doubling of digital asset prices over the past year. Founder and CEO Warren Wheatley stated that Altvest will be renamed "Africa Bitcoin Corp." and is currently raising funds from local and international investors while also pursuing an international listing. Its subsidiary, Altvest Bitcoin Strategies Pty Ltd., will provide crypto-related services on behalf of CAEP Asset Managers Pty Ltd., which is authorized by the Financial Sector Conduct Authority of South Africa. (Bloomberg)

Jia Yueting announced in a post that C10 Treasury has added $2 million in digital assets, with BNB as the largest holding. He noted that BNB was chosen as the primary asset due to its role in ecosystem connectivity and strategic planning, as well as its stable user base, real business revenue, and well-established ecosystem.

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.

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.

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.

Since the rise of C2C transactions, card freezing has been one of the biggest pain points for users in crypto trading. With the entry of more and more ordinary users, card freezing compensation is no longer just a bonus, but a standard feature of crypto trading platforms.

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%.