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.)

CZ's family office, YZi Labs, has begun expanding into Asia, including the Hong Kong market. Public data shows that the office manages over $10 billion in assets. Its head, Ella Zhang, frequently travels around Asia, hoping to expand BNB's accumulating projects and future ecosystem development. This included announcing support at the end of August for a fund company called B Strategy to raise $1 billion for a "accumulating" campaign. YZi Labs also announced its support for Huaxing Capital Holdings' $100 million Binance Coin (BNB) accumulating project, hoping the latter could become the BNB Strategy of the Hong Kong stock market. A source familiar with YZi Labs stated that the Hong Kong financial community has been inundated with inquiries for collaboration, and according to their understanding, the number of individuals (or teams) involved may be in the hundreds, with the project likely to be implemented in due course. (Tencent's "Periscope")

Hyperliquid plans to launch its native stablecoin, USDH, with validators voting to determine the issuer. Paxos, Frax, Agora, and Native Markets have submitted proposals, and Ethena has hinted at participating. Paxos proposes using 95% of interest to buy back HYPE; Frax plans to back it with frxUSD and a zero-fee policy, potentially generating annualized returns of $220 million; and Agora pledges to return 100% of net revenue to the ecosystem. The final decision will be determined by a vote on September 14th. (The Block)

Hong Kong funds with investments from state-owned enterprises are actively planning cryptocurrency-stock linkage projects. A Hong Kong financial insider revealed that while state-owned enterprise funds cannot directly invest in cryptocurrency-related funds, they can indirectly participate in the digital currency market by purchasing shares in listed companies that hold Bitcoin, a method currently unrestricted. (Tencent News, "Qianwang")

CITIC Securities' research report stated that the US non-farm payroll data weakened again in August. The three-digit unemployment rate rose to 4.248% in July and 4.324% in August, respectively, meeting market expectations. August's non-farm payroll figures fell significantly short of expectations, with both government and private sectors weakening. Furthermore, this week's US employment data, including the ADP and PMI employment components, weakened across the board, confirming our previous view that the US job market is not as healthy as the data suggests. The US job market continues to cool, and the economy continues to weaken, but a recession is not imminent. For the Federal Reserve, job market risks are rising again. We maintain our previous view that the Fed will cut interest rates by 25 basis points at its September meeting, followed by further 25 basis point cuts in October and December. (Jinshi)

According to Lookonchain, a whale (0xa52...75Aa) switched to shorting after losing over $35 million on its ETH long position, suffering another $614,000 loss just an hour ago. The whale currently holds a short position of 1,351 BTC, valued at $150 million.

As U.S. Treasury Secretary Benson made a rare public call for interest rate control, Bank of America strategist Hartnett predicted that strong intervention similar to yield curve control is coming, which will completely change the asset landscape and create opportunities for gold, digital currencies and bonds.

The reshaping of the U.S. Treasury yield curve suggests that interest rates will fall further and remain low. The decline in the short-term suggests that the market expects the Federal Reserve to accelerate rate cuts. This reshaping is not driven by the Fed, but rather a market response to reality.

Golden Finance has launched the 2810th issue of "Golden Morning 8:00", a morning newspaper for the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

The "RWA and Stablecoin" roundtable at the first CRYPTO Raver conference brought together early blockchain practitioners, traditional financial executives, real economy operators, policy researchers and other bigwigs.

As of 2025, the holding structure of Ethereum (ETH) is highly centralized, with the top 10 addresses controlling approximately 61% of the circulating supply, but this is mainly dominated by institutions, contracts, and exchanges, rather than individuals.

The August DApp industry report shows that although overall on-chain activity has cooled, several key areas are still showing strong development momentum.

Good news every day may bring excitement, but if the entry threshold remains high, liquidity remains poor, and consensus remains weak, these positive news will have little impact on most people.

This issue reviews Strategy's DAT business-related content for your reference.

This week, 18 blockchain startups raised a total of $508.7 million. AlloyX Limited secured $350 million in a mergers and acquisitions (M&A) round from Solowin, the largest round of the week.

United States, Cryptocurrency, Federal Reserve, The wave of U.S. bankruptcies in 2025 and its profound impact on the economy and markets Golden Finance, In 2025, the U.S. economy is at a critical crossroads.