2. Binance Ethereum Net Reserve Down by Over 30,000 ETH in September, Continues Bitcoin Accumulation
3. Today's High Activity on BSC Chain, New Meme Coins Jobless and Bdog Seeing Active Trading
4. WLD Surges Over 23% in 24 Hours, Currently Trading at $1.298
5. Eightco Conducts $250 Million Private Sale to Establish World's First WLD Treasury
Source: Overheard on CT (tg: @overheardonct), Kaito
HYPERLIQUID: Today's discussion about HYPERLIQUID is focused on the proposal regarding the USDH stablecoin infrastructure. The core debate revolves around choosing mature institutions like Paxos to deploy it versus having the native team take charge. The community is debating the advantages of institutional-grade infrastructure and compliance support versus the value of alignment with the native team's strategic focus and direction. Proposals by Agora, Rain, and LayerZero have gained attention for committing to reinvest 100% of the proceeds back into the Hyperliquid ecosystem. The discussion highlights the importance of ecosystem consistency, scalability, and the potential for USDH to grow into a mainstream stablecoin. Various stakeholders have also expressed their opinions on exploring the best development path.
AVAX: Today's Twitter discussions around AVAX have emphasized its real-world utility beyond cryptocurrency, including in payments, gaming, and supply chains, highlighting its scalability and speed. The recent surge in weekly transaction volumes on the Avalanche network and its potential for mainstream adoption have been frequently mentioned. Additionally, the community is excited about AVAX's infrastructure capabilities, particularly its horizontal scalability and customizable blockchain features. The overall sentiment leans towards optimism, with many users holding a positive outlook on AVAX's future.
LINEA: Today's discussion around LINEA focused on a series of significant developments and events, including the burning of 1.88 billion LINEA tokens, accounting for 2.615% of the total supply, reducing the total supply to around 70 billion tokens. This action has sparked speculation in the market that its Fully Diluted Valuation (FDV) could reach $5 billion. Additionally, the upcoming Token Generation Event (TGE) on September 10 and the Ignition plan aimed at boosting the TVL of platforms like Aave and Etherex were also key topics of discussion. Sharplink Gaming plans to strategically deploy a $3.6 billion ETH treasury on LINEA to strengthen infrastructure control. These events together have driven LINEA's exposure and popularity.
DOGE: DOGE has recently sparked discussion due to the anticipation of the first-ever Dogecoin ETF. The Rex-Osprey DOGE ETF (codenamed DOJE) is expected to launch soon, potentially bringing significant investment to the meme coin. This development has fueled speculation about the altcoin season, with many speculating that DOGE could surpass $1. Furthermore, Elon Musk's fondness for Dogecoin and the connection of DOGE to ancient monetary systems have also increased the topic's popularity. DOGE may lead a new wave of meme coins alongside other mainstream cryptocurrencies, which is also a key point of discussion.
1. "USDH Battle Begins, Everyone Envious of Stablecoin+Hyperliquid Concept"
Recently, a notable stablecoin battle took place on the decentralized derivatives trading platform Hyperliquid. On September 5, Hyperliuquid announced the upcoming auction of the "USDH" Ticker, a native stablecoin serving the Hyperliuquid ecosystem. The proposal's deadline is September 10 at 10:00 UTC, and so far, institutions such as Paxos, Ethena, Frax, Agora, and Native Markets have submitted proposals, competing to become the issuer of Hyperliquid's on-chain native stablecoin USDH.
2. "Was the September Rate Cut Priced In, and How Will the Market Move Next? | Trader's Observation"
On September 5, the US Department of Labor released the August nonfarm payroll data, once again disappointing the market — with only 22,000 new jobs added, significantly below the estimated 75,000. As a result, nonfarm payroll has been weak for four consecutive months, with August dragging the average new job additions for the past four months down to only 27,000. The lackluster data directly fueled a repricing of the Fed's policy path: expectations for rate cuts in September, October, and December surged across the board. According to CME data, the probability of a Fed rate cut skyrocketed from 86.4% before the announcement to 100%, with 90% betting on a 25 basis point cut and 10% even betting on a 50 basis point cut. However, the favorable policy expectations failed to boost risk appetite, as the US stock market experienced a slight decline, indicating that traders are more concerned about the recession risk resulting from economic slowdown. The "rate cut bullishness" is being overshadowed by "recession trades." Next, the BlockBeats team has compiled traders' views on the upcoming market situation to provide some directional guidance for your trading this week.
On-chain fund flows for the week of September 8th
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