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.)

Regarding rumors circulating in the community that a photo of Trump's second son, Eric Trump, posed with the CEO of an Asian company, sparking a potential purchase, Eric Trump issued a statement on the X platform to clarify that he did not know the identity of the person in the photo and specifically clarified that he was not involved with the company in question. The photo was taken at a conference in Asia, and the only company he currently partners with in Asia is Metaplanet.

According to Onchain Lens monitoring, five newly created wallets received 75,000 ETH worth $322.83 million from Kraken through Multichain.

LBank launched Justice for Iryna (IRYNA) at 4:20 PM (SGT) on September 8, 2025, and opened the IRYNA/USDT trading pair. Deposits are now open, and withdrawals will be available at 4:00 PM (SGT) on September 9.

According to the official announcement, LBank launched the 67 U-margin perpetual contract at 19:00 (SGT) on September 8, 2025, with a maximum leverage of 50x.

US fintech giant Stripe is promoting its new Tempo blockchain as a revolution in global payments. However, Christian Catalini, one of the designers of Meta's failed stablecoin project, Libra, has stated that the Tempo blockchain is "doomed to failure." He believes the problem with chains like Tempo lies not in their code but in their incentive mechanisms. Once they establish a monopoly in a market, the temptation to distort competition becomes irresistible. If Stripe and other fintech companies succeed in building walled garden blockchains, the result will not be financial innovation, but a reshuffling of corporate monopolies. Open, permissionless networks are the only path forward; any other approach is doomed to failure. (DL News)

Recommended reading for this evening: 1.1. Linea's upcoming TGE: What's the news worth noting?; 2. Is Ethereum declining based on revenue?; 3.3. World Liberty Financial's blacklist feature: What does it mean?

This is also what the cross-chain endgame should be: allowing users to focus on the flow of value itself rather than the barriers between chains.

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.