News linked to this event type.
Odaily News According to on-chain analyst Ai Yi's monitoring, Multicoin Capital has reportedly sold HYPE worth $112 million since July 28, with an estimated profit of $64.08 million, representing a return rate exceeding 134%. Between January and July of this year, the entity built a position of 4.95 million HYPE tokens from Galaxy Digital at an average price of $32.32, and subsequently appears to have taken profits in batches on exchanges. Its most recent deposit to Coinbase occurred 3 hours ago, involving approximately 150,000 HYPE tokens valued at $12.78 million.
According to monitoring by Lookonchain, an Ethereum whale sold all 167,855 ETH over the past five days, worth $408 million.
According to on-chain analyst Yu Jin, 10 million TRUMP tokens transferred from the team address three days ago have largely been moved to centralized exchanges, valued at approximately $23.86 million. Of these, 8 million TRUMP tokens were sent to Binance, and 2 million were transferred to OKX.
Jiang Zhuo'er, founder of Luckeep Mining Pool, announced that he sold his entire BTC position at $82,050. He stated that his decision to short BTC rather than ETH was primarily due to the high volatility in ETH's candlestick charts affecting his trading psychology. Additionally, when ETF funds recorded their first outflow, BTC still rallied to approximately $81,500 at the upper boundary of its consolidation range, which he viewed as a favorable selling opportunity.
Odaily News Uniswap founder Hayden said on X that correlated trading pairs are emerging. The top five tokenized SPY trading pairs by volume are "bridge" pairs connecting other common base pairs, which then primarily link to highly correlated tokenized stocks. These markets are global, programmable, low-cost, and operate 24/7.Uniswap founder Hayden said on X:.I've been working at the frontier of DeFi for 9 years. It's a fascinating field with infinite depth and the potential to transform capital markets.I've always believed AMMs hold immense potential, but for the past decade, one question has persisted: Can this novel market structure truly become the core engine for all financial markets?After years of evolution and development, the path for AMMs to achieve global dominance is becoming increasingly clear. To explain this, we need to start in 1976.Tokenization Changes Market Makers.Index funds celebrated their 50th anniversary this month. When Jack Bogle launched the index fund in 1976, he hoped to raise $150 million but ultimately raised only $11.3 million. Competitors called it "Bogle's Folly," posting posters claiming index funds were un-American. They argued that a fund making no decisions couldn't possibly beat professionals paid to make decisions. Today, the majority of US fund assets are allocated to passive investment vehicles.I've been thinking about this recently because tokenization's "folly moment" is ending. The SEC has approved NASDAQ and the NYSE to trade tokenized stocks. DTCC, which handles virtually all US securities settlement, also conducted a live pilot of tokenized trades in July. Nearly all related activity is described the same way: treating tokenization as an infrastructure upgrade.The same markets, faster, cheaper, and always open. These statements are all true, but I believe the infrastructure upgrade framework obscures a larger change. Tokenization makes markets programmable, changing how markets exist, who makes markets, and what is traded.In 2018, I created Uniswap, an automated market maker protocol. Anyone can deposit two assets into a shared liquidity pool and earn fees from every trade, while prices adjust along a curve as users buy and sell. Uniswap has operated autonomously since its launch, processing over $4.6 trillion in cumulative volume and increasing DEX spot volume share from under 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern most financial markets haven't noticed yet: correlated trading pairs.The Easiest Place to Find Success.To succeed everywhere, you must first succeed somewhere. AMMs found product-market fit in long-tail markets because most assets previously couldn't attract professional market makers' attention. On Uniswap, anyone can create a market with a single transaction, and issuers and early supporters can become the first liquidity providers.Then came stablecoin pairs. Take USDC/USDT, for example. A good passive strategy can approach optimal l
Odaily Odaily News: Bybit Pay, the payment arm of cryptocurrency exchange Bybit, has integrated with crypto payment infrastructure provider Mesh, allowing users to directly use their Bybit account balances to make payments or top up accounts on Mesh-supported platforms without the need to withdraw or transfer assets first. Merchants can add Bybit Pay as a payment option through existing Mesh integrations and use programmable settlement features to control settlement timing and methods across different markets.Mesh stated that its network is already connected to over 300 wallets, exchanges, and financial service platforms. In January this year, the company completed a $75 million Series C funding round led by Dragonfly, reaching a valuation of $1 billion, with cumulative funding exceeding $200 million. It also plans to expand into markets in Latin America, Asia, and Europe. (Cointelegraph)
Odaily News According to a post by whale "Set 10 Big Goals First" on platform X, Bitcoin has firmly established support at $80,000 and is now targeting $100,000, calling it the "last chance to get on board." Based on the chart shared, crypto-related stocks and ETFs such as IBIT, CRCL, and MSTR saw significant gains today.
Odaily News: Crypto trader Ansem stated in a post that some of the top traders he knows have still not turned bullish, primarily citing concerns over war, Treasury yields, the Federal Reserve's policy meetings, and the four-year cycle.Ansem believes that as the market develops, these still-cautious traders will shift their stance in Q4 and begin aggressively chasing gains.
According to Odaily, the yen has continued to strengthen recently, pushing the U.S. dollar index (DXY) lower and providing short-term support for dollar-denominated assets such as Bitcoin and gold. Data shows that the U.S. dollar against the yen (USD/JPY) fell 1.4% intraday to 156.40, after already declining 0.9% on Wednesday; the euro, pound, and Australian dollar all edged higher against the dollar. As a result, the DXY fell 0.4% to 99.22, approaching its 200-day moving average.Analysts believe this trend typically favors dollar-denominated assets like Bitcoin, while also helping to ease global financial conditions and boost market risk appetite. However, if the yen appreciates too rapidly, this logic could quickly reverse.Over the past decade-plus, many investors have used low-cost yen financing to invest in stocks, bonds, and even cryptocurrencies. If the yen appreciates sharply, yen carry trades could unwind, triggering a sell-off in risk assets. When yen carry trades were unwound in August 2024, Bitcoin fell roughly 20% within days.Market expectations are currently growing that the Bank of Japan will raise its policy rate from 1% to 1.25% on September 18, and the yen continues to face further appreciation pressure. Reports also indicate that officials from the U.S. and Japan have previously taken action to address "disorderly yen movements." Therefore, while a moderate yen appreciation is currently favorable for Bitcoin, if it evolves into a rapid, disorderly appreciation, it could instead become a risk factor for BTC. (CoinDesk)
Monad announced that it has been added to the Visa on-chain analytics dashboard, with stablecoin transaction volume reaching nearly 1 million in August, marking its highest month to date.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a new address 0x362...95c45 withdrew 1,000 PAXG from OKX over the past 7 hours, worth approximately $4.428 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Tether's treasury transferred 500 million USDT to Binance via the Tron blockchain.
Odaily News – In the latest weekly report, Garrett Jin, agent for the “1011 Insider Whale,” stated that despite oil prices rising to around $95 this week, the 10-year U.S. Treasury yield breaking above 4.8%, and market expectations for a September Fed rate hike climbing to approximately 70%, Bitcoin has held its key support at $76,600 and has since recovered to above $77,000.Garrett noted that the $75,000 to $80,000 range has formed a substantial new cost basis, providing firmer support for the market. If Bitcoin closes above $82,500 on the daily chart and subsequently holds around $80,000 during a pullback, it would signal that the market is absorbing selling pressure and gearing up for further strength. Conversely, if the daily close falls below $76,600—accompanied by weakness in at least two of the following metrics: ETF flows, Coinbase premium, and 7-day net realized profit/loss—it would constitute a clearer downside warning.On the capital front, U.S. spot Bitcoin ETFs saw net inflows of approximately $3.5 billion in August, but September opened with two-way flows, recording net outflows of around $237 million on Tuesday. Garrett believes that Bitcoin holding key support amid heightened macro rate pressures suggests recent spot demand is not entirely driven by short-squeeze dynamics. He maintains a constructive outlook for Bitcoin's performance toward year-end, though he notes that future trajectory will depend on whether U.S. Treasury yields can halt their sustained upward trend.
According to CoinDesk, as the yield on the U.S. 10-year Treasury note climbed 58 basis points year-to-date to 4.81%, the U.S. Dollar Index rose merely 0.9% to 99.22, signaling the breakdown of the traditional "higher yields drive a stronger dollar" logic. Japan's government bond yields surged 90 basis points this year, yet the yen fell to a 40-year low, and Germany's 10-year yield rose 45 basis points concurrently without the euro showing significant strength. Analysts note that markets may have begun interpreting rising yields as a signal of fiscal strain rather than fiscal robustness. This logical shift poses a potential tailwind for Bitcoin — amidst expectations of government debt monetization and currency devaluation, hard assets with inelastic supply, such as Bitcoin and gold, may attract safe-haven capital inflows.
Odaily News: Analyst Killa stated on the X platform that Bitcoin is forming a descending wedge on the daily timeframe, and their plan remains unchanged, with expectations that the market will maintain range-bound consolidation. Even if the price breaks through this pattern, caution is needed regarding potential fakeouts, as the current market has not yet experienced a sufficiently long period of range-bound consolidation. The market spends approximately 80% of its time in range-bound consolidation and 20% in trending moves or pullbacks. Given that the market has already experienced a significant upward move, it is more likely entering a consolidation phase, so do not chase rallies. Unless market action proves otherwise, one should expect the market to remain in range-bound consolidation.
Odaily News, September 3 — WEEX Exchange announced that the WEEX Hackathon Season 2, themed "AI Wars II: The Algorithm Era," is now officially live. Global AI developers, quantitative traders, Web3 builders, teams, and individuals are invited to join Team AI or Team Human to compete in five rounds of live market trading battles, vying for rankings and rewards based on PnL% performance. The total prize pool stands at 600,000 USDT, with multi-tiered incentives designed to accommodate different participation methods.The early registration phase runs from September 3 to 6, during which the first 2,000 registrants can share in the 100,000 USDT Early Bird prize pool. Additionally, users who register early can complete event tasks ahead of time to accumulate activity points for the upcoming competition.
RuneCrypto posted on platform X, stating that BonkGuy (Unipcs) is simultaneously the best-performing trader over the past 365 days, 30 days, and 7 days. The trader is currently 64 years old.
According to Decrypt, the Ukrainian National Police and Security Service recently shut down a network of fake cryptocurrency investment platforms based in Kyiv. The group distributed fraudulent investment ads on Telegram, guiding users to connect their wallets and deposit funds, while silently falsifying trading returns in the background. When victims requested withdrawals, the platform claimed verification was required, instructing them to connect their main wallet and approve a small "test transaction," which triggered a built-in crypto drainer to transfer the assets to wallets controlled by the syndicate.
Odaily News, according to Lookonchain monitoring, Fomo's top-ranked trader @theunipcs saw portfolio value increase by over $9.8 million in the past month. Currently, his Ethereum address (0x07f5...2241) has generated profits of $5.63 million from ETH, $1.57 million from USELESS, and $1.43 million from MarsCoin.
Odaily News - Echo Base, an institution focused on stable digital asset companies, assisted in forming the BitMart Creditors' Committee on September 2 to represent users holding frozen assets, and has retained legal counsel to evaluate recovery options, including filing for unfunded bankruptcy proceedings.On August 6, Echo Base proposed a funding package of up to $10 million to support BitMart in filing a pre-negotiated bankruptcy application, but received no response from BitMart. Echo Base stated that its actions stem from BitMart's failure to respond to the restructuring proposal and users' withdrawal requests.Sonn Law Group has launched an investigation into users with frozen assets of $500,000 or more on BitMart, assessing potential claims and asset recovery options. Echo Base CEO Roshan Dharia stated that BitMart's employee plan can only sustain operations until January 2027, and the longer the delay, the fewer viable options remain. (Bitcoin.com News)