News linked to this event type.
Trader Bonk Guy (Unipcs) posted that for months he has been trying to tell everyone that everything currently happening with USELESS looks "strikingly similar" to PEPE prior to its parabolic rally in 2023, including volume structure, open interest expansion, early relative strength, market timing, and early independent market outperformance. He noted that after reviewing the charts, USELESS's price action is essentially a near-perfect replica of how PEPE looked right before it ignited its parabolic move in 2023.
Odaily News On-chain analyst SomaXBT stated on the X platform that suspected Lootbot users have experienced a collective wallet theft incident, with losses now exceeding $600,000 (approximately 245 ETH). Preliminary information shows that about 50% of the victims are Lootbot subscribers.It is worth noting that Lootbot is one of the projects founded by dexter, the founder of gm.ai, a project previously involved in a soft rug pull. Lootbot was originally a trading bot platform within the Telegram ecosystem.
Perp DEX PopDEX, built for real traders, has recorded over $1.7B+ in trading volume and an LP pool size of approximately $61 million during its Closed Beta phase. Meanwhile, the platform has completed three rounds of cash reward distributions covering traders, feedback contributors, and community builders; in the latest round, single-address rewards reached up to 3,300 USDT. As the hype surrounding Robinhood Chain and BNB Chain memes continues to grow, PopDEX has launched popular meme perps including PONS, CASHCAT, and MARSCOIN, and initiated the Meme Gang War trading competition to provide traders with additional reward pool opportunities beyond standard incentives.
CryptoQuant analyst Axel Adler Jr. stated that over the past two days, Bitcoin's active buy and sell order pressure has shifted to sellers, with prices falling from $79,900 to $78,700. Open interest rose during the price decline, indicating that new positions are driving this move. Data shows that on the morning of September 6, the Bitcoin active order pressure oscillator was at +3.82, before breaking below zero and remaining in negative territory for 46 hours, with the latest reading at -3.19. Although selling pressure has eased from its local low of -5.28, bulls have not yet regained control. The near-term outlook remains bearish, with improvement signaled only when the oscillator consistently returns above the zero line, accompanied by price stabilization.
Odaily News: According to on-chain analyst Ai Yi's monitoring, a whale previously opened a 4x leveraged long position on 20,000 ETH. Two minutes ago, they opened a 4x short position on 546.69 BTC, valued at $42.8 million, with an entry price of $78,561.3. Their 20,000 ETH position is currently showing an unrealized profit of $10.725 million, bringing their total position size to $92.33 million.
Odaily News According to on-chain analyst Ai Yi's monitoring, a whale spent $194,000 over the past hour to purchase 4.013 million 4Stock tokens at a transaction price of $0.04833. This asset has now become its fourth-largest on-chain holding, and it is also the sixth target chosen after PONS, CASHCAT, fully exited positions in UNI, AAVE, and FORM. The whale opened a new FORM position yesterday, and FORM has risen 22% today.
Odaily News: BULK stated that users affected by the previous day's automatic deleveraging event have received full compensation, along with an additional 10% compensation. The official distributed approximately $231,400 to 385 wallets, and trading will resume after the upgrade is completed.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale address that previously spent $4.73 million to buy $PONS, $UNI, $AAVE, and $CASHCAT has made another move, spending 163,256 USDT to purchase 3.48 million $4Stock.
According to on-chain analyst Ai Yi (@ai_9684xtpa), Four Meme has launched 4Stock, a new platform introducing the "crypto-equity + launchpad" concept. Its corresponding BSC meme token, $4Stock, has swiftly breached a $50M market cap. Of these, $BNC4 serves as the first stock brought on-chain via 4Stock, pegged to the US equity BNC (the BNB-version equivalent of MicroStrategy, tracking the ticker for publicly traded US firm CEA Industries supported by YZi Labs). In theory, it maintains a 1:1 peg with the underlying stock. However, driven by market speculation, BNC4's price briefly surged to $35, nearly eight times the after-hours price of the underlying equity. Arbitrageurs subsequently exploited the platform's Mint mechanism to redeem BNC4 for USDT, triggering massive profit-taking sales and causing the BNC4 price to immediately crash. User @ShawnThread redeemed 6,666 BNC4 for 231,000 USDT, becoming the first successful arbitrageur.
Odaily News According to GMGN data, the BSC meme token BNC4's market cap surged and then pulled back, briefly exceeding $20 million and currently standing at $2.8 million. Meanwhile, multiple users involved in arbitrage trading of the on-chain stock token BNC4 have disclosed profits ranging from tens of thousands to hundreds of thousands of dollars.Among them, trader 0xShawn stated that he completed arbitrage through Four.meme's BNC4 Mint mechanism, sharing a transaction record showing the exchange of 6,666 BNC4 for approximately 231,300 USDT. He noted that the related Mint request was processed normally and claimed to be among the first users to complete transfer invoicing.
Odaily News: According to Onchain Lens monitoring, a trader has accumulated profits of $25.1 million, including $13.27 million earned over the past 30 days. The trader currently holds a long position of 177,590 HYPE tokens, valued at $14.97 million, with an entry price of $56.03 and a current price of $84.30, representing unrealized gains of $5.02 million.
Odaily News, according to Lookonchain monitoring, a trader turned $4,400 into $780,000 within 2 hours, achieving a return rate of 177x. The trader spent 4,400 USDC to purchase 18.6 million 4Stock tokens, now valued at $780,000, making them the largest holder of the token.
Odaily News, Hyperbot data shows that whale Loracle has newly opened a 10x leveraged long position on gold and a 1x leveraged long position on copper, and has been continuously adding to these positions. Currently, it holds 40.0251 xyz:GOLD in gold longs and 2,200.04 xyz:COPPER in copper longs, both in profit.In addition, Loracle's short positions are mostly in losses, with only CASHCAT and CRWV shorts currently in profit:Short position worth $38.19 million on HYPE, with an unrealized loss of $13.66 million.Short position worth $27.69 million on SNDK, with an unrealized loss of $5.16 million.Short position worth $19.8 million on NVDA, with an unrealized loss of $0.62 million.Short position worth $18.27 million on PONS, with an unrealized loss of $1.28 million.Short position worth $11.06 million on MU, with an unrealized loss of $1.94 million.Short position worth $4.01 million on PLTR, with an unrealized loss of $0.014 million.
According to on-chain data monitoring, the whale Loracle's sub-address newly opened 10x leveraged gold longs and 1x leveraged copper longs this morning, subsequently adding to the positions continuously. Currently, it holds 40.0251 xyz:GOLD in gold longs and 2,200.04 xyz:COPPER in copper longs, both of which are in unrealized profit. Additionally, Loracle's short positions remain mostly at a loss: Shorting HYPE worth $38.19 million, with an unrealized loss of $13.65 million. Shorting SNDK worth $27.60 million, with an unrealized loss of $5.07 million. Shorting NVDA worth $19.80 million, with an unrealized loss of $0.62 million. Shorting MU worth $11.03 million, with an unrealized loss of $1.91 million. Shorting PONS worth $18.30 million, with an unrealized loss of $1.32 million. Shorting PLTR worth $4.01 million, with an unrealized loss of $17,000. Shorting CASHCAT worth $3.62 million, showing an unrealized gain of $770,000. Shorting CRWV worth $1.75 million, showing an unrealized gain of $270,000.
According to on-chain analyst Onchain Lens (@OnchainLens), Hyperliquid repurchased and burned 15,350 HYPE at an average price of $86.17 over the past 24 hours, worth approximately $1.32 million. As of now, the cumulative total of burned HYPE has reached 48.45 million, valued at approximately $4.11 billion at current prices, accounting for 4.84% of the maximum supply and permanently removed from circulation.
According to the post-incident report released by Tectonic, the Cronos blockchain lending protocol Tectonic suffered an oracle manipulation attack at 12:49 UTC on August 30, 2026. By repeatedly borrowing and re-collateralizing TONIC tokens 98 times within a single transaction, the attacker drove up the TONIC collateral price by approximately 195 times. Leveraging this artificially inflated value, they subsequently extracted assets with a nominal value of $120.4 million from nine lending markets, spanning USDC, USDT, WBTC, WETH, and other assets. The attacker then bridged the stablecoins to Ethereum and converted them to ETH, while selling the remaining assets for CRO on the Cronos chain before withdrawing them. Approximately $9.19 million in total successfully escaped before the network halt. At 14:32 UTC, Cronos validators emergency-paused the network, rolling back the on-chain state to pre-attack conditions and restoring assets still held on Cronos. Currently, Tectonic's supply and borrowing functions remain suspended, while withdrawal and repayment capabilities continue normally. Tracing efforts for the stolen funds are being coordinated by blockchain forensics firms, law enforcement agencies, and stablecoin issuers, with freeze requests already filed with the relevant issuers.
Odaily News: A British man named "Chris" has recovered 61 Bitcoin after a 12-year legal dispute following the shutdown of UK cryptocurrency exchange Intersango in 2014, now worth approximately $4.4 million.Chris purchased the Bitcoin in 2011 and left the assets under the exchange's custody without transferring them to a self-custody wallet. Intersango, formerly known as Britcoin, was among the first UK exchanges to offer Bitcoin trading against the pound.Ryan Sweetnam, Director of Financial Litigation at CEL Solicitors, assisted in recovering the assets. The firm spent four months preparing and submitting required documents to US courts, and the return was ultimately completed through negotiation. Chris said he now opens the wallet containing his Bitcoin about 20 times a day. (Bitcoin.com News)
Odaily News: According to on-chain analyst Ai Yi's monitoring, a whale has been building a WBTC position in stages through 4 addresses since 2022. The initial entry price was below $20,000, with each position-building transaction ranging from $20,000 to $30,000. Since August 10, the whale has deposited a total of $21.73 million worth of tokens into Binance. The whale's most recent accumulation occurred between November 2025 and April 2026, buying through a downward trend from $92,000 down to $66,000, ultimately accumulating 178 WBTC at an average price of $73,286, worth approximately $13.05 million.
According to on-chain analytics platform Lookonchain (@lookonchain), Abraxas Capital has once again purchased 13,000 ETH (worth approximately $32.39 million) in spot to hedge its short position of 141,180 ETH (approximately $353 million) held on Hyperliquid.
According to on-chain analyst Auntie Ai (@ai_9684xtpa), a professional ETH swing trader purchased 1,650 ETH (worth approximately $4 million) on September 3 at $2,417. Nine hours ago, they fully closed the position to lock in profits at $2,474, yielding gains of roughly $108,000. Since July, this address has executed five ETH swing trades, accumulating a total profit of $1.157 million.