News linked to this event type.
According to Galaxy Research, in the Coldcard wallet attack incident, the Wave 3 attacker has transferred approximately 45% of the stolen Bitcoin, with the related funds routed to Ethereum via THORChain or entering CoinJoin transactions to increase tracking difficulty. Galaxy stated that the attacker previously created 293 2-of-2 multisig vaults to hold victim funds, draining them from largest to smallest amount, and the funds in the 11 largest vaults have now been fully transferred out.
The Institute of Financial Technology at Renmin University of China published a translated overview of stablecoin research from the Journal of International Money and Finance. The related research employs large language model (LLM) agents to analyze stablecoin de-pegging risks, indicating that de-pegging exhibits distinct nonlinear and threshold characteristics. Arbitrage mechanisms can absorb a certain degree of informational pressure, but once narrative severity reaches a "critical threshold," the system may rapidly enter a sustained de-pegging state.
Data from Lookonchain shows that Bonk Guy (@theunipcs) has again profited nearly $1 million from MEME. During the market panic sell-off of MEME, Bonk Guy continued buying, accumulating 10.3 million MEME tokens worth approximately $1.43 million. His most recent purchase occurred several hours before MEME rallied.
On-chain analyst AI Yi posted that the "whale hunt" around PONS on Hyperliquid has once again drawn attention. Trader Loracle initiated a 3x short position on PONS on September 3, currently holding approximately 25.04 million PONS tokens valued at around $19.41 million at an entry price of $0.6553, representing 19% of Hyperliquid's total PONS open interest, with unrealized losses nearing $3 million, and continues to add to the position. It is reported that overseas analyst MLM publicly stated yesterday that anyone interested in deploying capital exceeding seven figures to heavily short-squeeze this position can contact via direct message, and later confirmed that eight-figure capital has already pledged to participate. Loracle's current liquidation price stands at approximately $1.83, meaning that without additional margin, PONS would need to rise by another ~128% to trigger liquidation.
Crypto trader Unipcs (also known as "Bonk Guy") posted that he incurred an unrealized loss of $3.6 million on FOMO over the past 24 hours, exceeding the combined current PnL of the top two traders on the FOMO platform during the same period. He stated that sharing this situation was intended to present a more balanced perspective, emphasizing that the market does not always trend upward and investors must endure such volatility. He noted that he was not affected by the drawdown and believes that even without adding any new tokens, his current portfolio is expected to grow to at least $50 million within the next few months.
Odaily News: According to the official announcement, Gate will list Canopy (CNPY) for spot and flash exchange trading on September 7. Among these, CNPY/USDT spot trading will open at 20:00 (UTC+8) on September 7, flash exchange trading will open at 21:00 (UTC+8), and withdrawals are expected to open at 20:00 (UTC+8) on September 8. The specific timing will be subject to the token status displayed on the platform.
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's 30-day realized market cap change rate turned positive on August 24 after being negative for 87 consecutive days, reaching +0.88% on September 6. The realized market cap hit $1.068 trillion, increasing by $9.36 billion over the past 30 days, indicating an improvement in the on-chain cost basis after a prolonged contraction, which continued to rise while Bitcoin's price fluctuated around $80,000.
According to data monitored by on-chain analyst Ember (@EmberCN), the [Garrett Jin whale entity] added 7,000 ZEC (approx. $8.4 million) in short positions against the trend as the ZEC price climbed to $1,195, expanding its total short position to 39,760 ZEC (approx. $47 million). This lifted the average short entry price from $444 to $576.3, leaving an overall unrealized loss of approximately $24 million. This entity initially opened a 32,760 ZEC short at $444 in early July, when the ZEC price was under $400, whereas it has since surpassed $1,200, marking a gain of over 200% in three months and keeping the short position under continuous pressure.
Odaily News According to on-chain analyst Ai Yi's monitoring, @yixie10 took a long position on ZEC with approximately $20 million. On September 4, when the ZEC price was $985, the unrealized profit stood at $8.465 million; currently, as the ZEC price has risen by 22%, with the position unchanged, the unrealized profit may expand to $10.34 million. Combined with the previously realized profit of $1.038 million, the cumulative profit from ZEC trading may expand to $11.37 million.
Analyst Edgy from The DeFi Edge stated that Bitcoin ETFs attracted approximately $3.54 billion in August, while Ethereum ETFs drew in around $1.84 billion. During the trading week of August 24–28, SOL ETFs registered a net inflow of $142.7 million, XRP ETFs $110.5 million, and HYPE ETFs $56.8 million, totaling roughly $310 million, highlighting market demand beyond BTC and ETH. However, in the following week of August 31 to September 4, SOL’s net inflow plummeted to $4.9 million, HYPE dropped to $12.3 million, whereas Bitcoin ETFs continued to attract $987 million during the same period. Analysts noted that capital inflows into altcoin ETFs have yet to establish a sustained trend, and whether they can maintain steady absorption capacity over the next month remains a key metric to watch.
According to on-chain analyst Darkfost (@Darkfost_Coc), Bitcoin has just undergone its most severe deleveraging phase since 2023, with Binance open interest dropping sharply below its 180-day moving average. This period also saw the largest historical two-sided long and short liquidation events for Bitcoin in the current cycle unfold. Binance open interest currently stands at $9.6 billion, remaining above the $8.3 billion 180-day average and accounting for roughly 37% of Bitcoin's total network open interest, surpassing the levels observed during the earlier May rally—when that very threshold helped drive BTC back to $82,000. Meanwhile, measured by the 365-day cumulative net buy volume (the difference between spot purchases and sales), Bitcoin's current buying pressure has reached its strongest level since the previous bear market. Analysts note that while this correction clearly took a toll on traders, early signs of market recovery are already emerging, laying the groundwork for a bullish Bitcoin rebound; nevertheless, elevated leverage ratios remain a risk that warrants caution, as they could spark another round of intense deleveraging.
According to on-chain analytics platform Lookonchain (@lookonchain), an on-chain trader successfully traded two tokens, $ZCAT and $STONK, for a combined profit of $3.78 million: • $ZCAT: Spent only $1,300 to buy 24.52 million coins, has sold 8.96 million coins to cash out $55,000, and still holds 15.57 million coins (currently valued at approximately $2.12 million). Cumulative profit amounts to $2.17 million, delivering a 1,626x return; • $STONK: Spent $19,700 to buy 44.43 million coins, has sold 34.62 million coins to cash out $411,000, and still holds 9.8 million coins (currently valued at approximately $1.22 million). Cumulative profit amounts to $1.61 million, delivering an 82x return.
Renowned trader BonkGuy posted on X, stating that he is currently looking for low-market-cap tokens with a valuation below $1 million, aiming to find projects still in their very early stages that have the potential to grow into multi-billion-dollar entities in the future.BonkGuy noted that he does not want the community to recommend tokens with a market cap of around $50 million anymore, and urged the community to keep suggesting low-cap projects until he decides to invest in one of them.
On-chain analyst The Data Nerd (@OnchainDataNerd) has observed that HyperLabs is consistently transferring its $HYPE staking rewards—recently redeeming 433,000 $HYPE (approximately $38.14 million) and distributing them to 11 addresses after the unlock. It is reported that the team currently withdraws over 400,000 $HYPE monthly, which closely aligns with its monthly staking rewards. Its holdings of 241 million $HYPE generate approximately 14,400 $HYPE (around $1.26 million) in staking yields per day.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale address that previously spent $4.73 million buying $PONS, $UNI, $AAVE, and $CASHCAT has recently rotated its $UNI holdings into $FORM—selling 156,452 $UNI for 1.074 million USDC, then using 99,509 USDT to acquire 355,175 $FORM.
Odaily News, DeFi researcher Ignas posted on X platform stating that the market appears to be showing signs of some on-chain funds rotating from the Robinhood ecosystem to Solana. Over the past 24 hours, tokens related to trading infrastructure in the Solana ecosystem have performed strongly, with RAY up 60%, JUP up 21%, ORCA up 12%, and MET up 13%. Additionally, cross-chain data shows that bridged funds on Solana have increased by approximately $18.8 million, while Robinhood Chain has decreased by approximately $47.8 million.Ignas believes that although the current bridge volume remains relatively small compared to the overall TVL, some traders may be taking profits on Robinhood ecosystem Meme coins and pivoting to buying trading infrastructure tokens on Solana to bet on a similar market trend.
Odaily News – According to Onchain Lens monitoring, a whale has again deposited 620,400 LINK, worth approximately $7.6 million, into Coinbase. Over the past three weeks, this whale has transferred a total of 2.41 million LINK, worth approximately $26.04 million, to Coinbase. These LINK were previously accumulated from Binance.
Odaily News: The attacker behind the Coldcard "Wave 3" exploit continues to move stolen funds. In this phase, the attacker created 293 separate 2-of-2 multisig vaults for each victim's assets. On September 2, the first batch of funds was bridged to Ethereum via THORChain; the latest round of transfers has begun entering the CoinJoin mixing process.Currently, the Wave 3 attacker is processing the largest holdings in descending order by stolen amount, having already transferred vaults ranked 1 through 11 in sequence. The next 10 vaults yet to be transferred collectively hold 30.81 BTC, while vaults ranked 61 through 293 collectively hold 33.77 BTC.To date, the attacker has moved approximately 45% of the assets stolen in this exploit, with funds either flowing to Ethereum or entering CoinJoin mixing transactions. This latest transfer activity has also revealed a previously unknown vault: 58 addresses jointly spent funds via a 2-of-2 multisig setup in the same format as Wave 3, with the Wave 3 attacker subsequently routing them to a jump address that funds CoinJoin transactions.This vault is currently marked with "cause = open," but it is highly likely to belong to Coldcard victims as well, which could bring the total number of vaults involved in Wave 3 to 294 and push the previously disclosed total stolen in the Coldcard exploit to approximately 1,806 BTC. At present, roughly 82% of the stolen BTC remains in addresses initially controlled by the attacker, while approximately 18% has been moved, with fund flows suggesting it may be undergoing laundering.
Odaily News: According to monitoring by on-chain analyst Ai Yi, two wallets suspected to be associated with the Ethena project team (0x2993...7383, 0x969f...16aF) have cumulatively transferred $6.75 million worth of ENA to exchanges since September 3. In the past 15 hours, they deposited 19 million ENA, approximately $3.29 million, into Bybit. Both addresses received tokens from an Ethena multi-signature address two years ago and had not moved them since. Following the recent price increase, they have begun batch deposits.
Odaily News According to on-chain analyst Ai Yi's monitoring, Arthur Hayes (0x6cd...47e21) received 39,000 UNI tokens from FalconX in the past hour, valued at $282,000, bringing his total UNI holdings to 284,100 tokens with a total value of $2.007 million and an average withdrawal price of $7.06. This marks Arthur Hayes' first significant UNI transaction in 9 months, with UNI now becoming his third-largest on-chain asset holding.