News linked to this event type.
Odaily News: Blockchain project Core DAO has announced a coordinated emergency hard fork, caused by validators receiving CORE rewards exceeding the blockchain's originally scheduled issuance. Core DAO stated that the incident is under control, malicious validators can no longer continue to obtain excess rewards, and the upgrade will not roll back the network or revoke confirmed transactions.Core DAO previously stated that a small number of validators had accumulated rewards significantly higher than the protocol's set issuance, and that the incident only involved reward distribution, with user assets remaining secure. Coinbase, Bithumb, Coinone, Bitget, and LBank had restricted CORE deposits, withdrawals, or transfers.Core DAO has not yet disclosed the amount of excess CORE issued, the duration of the related activity, whether the extra tokens entered circulation, or the cause of the vulnerability, and stated that it will publish a technical post-mortem report. (Cointelegraph)
According to Trader T data, US Bitcoin spot ETFs recorded a total net outflow of $236 million on September 1. Among them, BlackRock IBIT saw a net outflow of $201 million, Fidelity FBTC recorded a net outflow of $43.67 million; Bitwise BITB saw a net inflow of $8.38 million, while all other products recorded zero flows that day.
According to Onchain Lens, Multicoin Capital has transferred an additional 63,200 HYPE to Coinbase, worth approximately $5.23 million. Since the update yesterday, it has cumulatively transferred 261,600 HYPE to Coinbase, valued at around $21.72 million.
Odaily News: According to Onchain Lens monitoring, a whale transferred 95 bitcoins, worth approximately $7.32 million, to Galaxy Digital, reportedly for sale through over-the-counter trading.
TD Cowen has set a year-end target price for Bitcoin at $97,500, representing approximately 25% upside from its recent trading level of around $78,000. Analyst Lance Vitanza concurrently scaled back a previously more bullish forecast, primarily due to recent weakness in Bitcoin's price. The firm had previously projected that Bitcoin would reach $141,277 by the end of 2025, rising to the $177,000–$225,000 range in 2026 and 2027.
Odaily News – Just two months after its launch, Robinhood Chain has seen cumulative transaction fees rise to $13.05 million, setting a new all-time high. Based on the annualized average of the last 30 days of fee revenue, the annualized revenue scale stands at approximately $110 million. At current cumulative revenue levels, roughly $1.3 million will flow directly to the Arbitrum ecosystem. Under the cooperation licensing agreement between the two parties, Robinhood Chain is required to return 10% of its protocol net revenue to the Arbitrum ecosystem, with 8% going to the Arbitrum DAO treasury and 2% to the Arbitrum Developer Guild.
Odaily News: According to on-chain analyst Ai Yi's monitoring, bit-affiliated entities (0xa9de...e049, 0x0c5d...36b3, 0xd9e7...aFf4, 0x6c93...59a4) previously realized profits of $55.095 million from ETH long positions. Yesterday, they increased their long positions to 33,000 ETH, valued at $79.3 million. After accumulation, this has become the fifth-largest ETH position on Hyperliquid, currently facing an unrealized loss of $2.48 million.
According to Odaily, on-chain analyst Ember monitoring reported that Machi has stopped out and closed part of his long positions due to their proximity to liquidation prices. His ETH long position is $50 away from the liquidation price, and his BTC long position is $1,800 away. Previously, Machi had grown $150,000 into $11 million through roll-over long positions, but funds have recently fallen back to $4.5 million.
According to monitoring by Ai Yi, ETH has broken below $2,400, with a whale holding approximately 45,000 ETH in long positions on Hyperliquid currently facing unrealized losses of around $4.1 million. The whale previously added 28,300 ETH to its position on August 31 when ETH dipped below $2,500, bringing its total position value to over $107 million and making it the second-largest ETH position on Hyperliquid. With an entry price of $2,486.37 and a liquidation price of $2,252.68, the position is currently approximately $233.69 away from liquidation.
According to Blaze monitoring, the TRUMP token team address transferred out 11.01 million TRUMP tokens yesterday, worth approximately $26.65 million. After multiple transfers across various addresses, 2 million TRUMP tokens were deposited into Binance six hours ago, valued at approximately $4.78 million.
Odaily News - According to on-chain analyst Yu Ying's monitoring, Multicoin Capital (0xA9D...a642F) has continued to transfer 261,000 HYPE, worth $21.7 million, to Coinbase Prime over the past 9 hours. Multicoin Capital redeemed 1.97 million HYPE from staking at the end of July, of which 1.551 million HYPE, worth $114 million, have been gradually transferred to Coinbase Prime over the past month, with an average transfer price of $73.
According to On-Chain Lens monitoring, as of early today, an institution has gradually deposited 109,806 ETH into centralized exchanges over the past three days, valued at approximately $266 million, at an average price of $2,430. The address associated with this institution currently holds 58,048 ETH, worth approximately $140 million. If sold off entirely, the total sell volume would reach 167,854 ETH, valued at roughly $406 million. Based on an initial entry cost of around $1,700 two years ago, the projected profit stands at approximately $122 million.
Coinbase Markets announced that it will support Cluster Protocol (CP). In regions where trading is supported, users can currently generate a CP deposit address through Coinbase; however, deposits remain temporarily unavailable until the project team unlocks CP transfers.
According to Bloomberg, Morgan Stanley analyst Michael Cyprys upgraded Robinhood Markets' stock rating from "underweight" to "overweight," citing that its prediction market business provides "validation" for the company's continued revenue growth. Cyprys noted that Robinhood's prediction market users have surpassed 2 million, contributing $156 million in revenue in the second quarter while also driving users to adopt other products.
Citing Bloomberg ETF analyst Eric Balchunas, The Wolf of All Streets (@scottmelker) notes that approximately 2%-3% of the inflows into BlackRock's iShares Bitcoin Trust ETF (IBIT) have come from users who previously self-custodied Bitcoin, with Balchunas believing this proportion still has room to grow. He also points out that for Bitcoin users seeking censorship resistance, ETFs cannot replace on-chain self-custody; however, for those merely looking to hedge against currency debasement, ETFs represent a highly attractive store of value. Additionally, other analysis indicates that Morgan Stanley's Bitcoin ETF has seen zero outflows since its launch five months ago, which is viewed as a reflection of the current market's strong confidence in Bitcoin as an asset class.
Elon Musk stated on social platform X that AI is heading toward a massive power shortage by 2027, with analyst consensus forecasting at least a 15-gigawatt power deficit for AI chips by then. Musk explained that AI chip production grows by approximately 40% to 50% annually, while available electricity outside China only increases by 10% to 20% per year, and the faster-growing side will ultimately overwhelm the slower-growing one.
According to on-chain analytics platform Lookonchain (@lookonchain), an anonymous whale address, 0x6436, repurchased 141,442 $HYPE tokens today, valued at approximately $11.88 million. Previously, the address purchased 243,713 $HYPE tokens on August 30 within a 10-hour span, worth around $20.24 million.
Odaily News Crypto trader BonkGuy says USELESS is currently his top pick, and his conviction in USELESS now exceeds even his conviction when trading BONK at low levels in 2023.BonkGuy noted that he previously generated substantial returns through Meme coins such as BONK, WIF, Fartcoin, POPCAT, and PNUT — including turning $16,000 into over $20 million through a 6x leveraged BONK position, and growing a $6,000 WIF position to roughly $1.4 million. However, he also stated that these gains were largely wiped out during the "10/10" market conditions.Regarding USELESS, BonkGuy believes its market cap rising from approximately $4 million to $450 million last year was only a "test run," especially given it was not a bull market environment at the time. He anticipates that if USELESS experiences its first full bull market cycle, the price could see a much more significant surge.
Odaily News, according to reports, U.S. Treasury Secretary Bessent recently urged Japan to raise interest rates to curb the continued depreciation of the yen. Analysts believe this highlights that traditional monetary policy is susceptible to government and external influences. In contrast, Bitcoin's monetary policy is preset by code, with new coin issuance following a fixed schedule and halving approximately every four years, offering greater predictability. In the short term, Bitcoin still finds it difficult to shake off shocks from traditional financial markets. If Japan's rate hike drives a rapid appreciation of the yen, low-interest yen financing trades accumulated over the long term could be unwound, potentially triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's rate hike strengthened the yen and put pressure on risk assets, including Bitcoin. On the technical front, BTC's 50-day moving average has been rising steadily and is close to crossing above the 200-day moving average, potentially forming a "golden cross." Analysts note that moving averages are lagging indicators, and the historical predictive performance of the golden cross as a standalone indicator has been unstable.
According to the weekly market report by Wintermute OTC trader @Jjay_dm, Fed Chair Warsh delivered a hawkish speech at Jackson Hole, reiterating the 2% inflation target and pushing the probability of a September rate hike to 61.9%, making the September 15-16 FOMC meeting a key catalyst for risk assets. In cross-asset performance, 20+ year US Treasuries led gains (+1.01%), followed by altcoins (+0.61%), the S&P 500 (+0.47%), and the Nasdaq (+0.42%). BTC closed flat (+0.10%), while ETH (-0.86%), the Russell 2000 (-1.40%), gold (-3.42%), and Brent crude oil (-4.31%) were the weakest performers. In the crypto market, BTC digesting its previous 23% rally, encountered repeated rejections at the $82k resistance level. It reached an intraday high of $81k earlier this week, dipped below $78k following Warsh's remarks, and ultimately closed flat. BTC ETFs posted nine consecutive days of net inflows totaling $924 million, with a first-time single-day outflow of $202 million on Friday. ETH ETFs logged net inflows of $816 million this week, with no single-day outflows. SOL and XRP ETFs both set new 2026 weekly inflow records, reaching $154 million and $110 million, respectively. Strategy increased its position again on Monday, raising $2 billion, with approximately $16