News linked to both this project and an event.
According to CoinDesk, a Gnosis Safe wallet on Ethereum was attacked, with approximately 2,900 rsETH (valued at around $7.8 million) transferred. Security firms BlockSec, Blockaid, and SlowMist pointed out that the root cause of the attack lies in an authorization check flaw within the wallet-approved Multicall contract—the contract is intended to verify caller permissions, but the vulnerability allows anyone to bypass validation simply by targeting the contract itself. The attacker subsequently moved the rsETH into a liquidity pool based on the valueless token "Permissionless Attacker Token." An automated bot named "yoink" paid approximately $47,000 to frontrun the transaction, transferring 2,882 rsETH to a separate address. rsETH issuer Kelp DAO stated that its smart contracts are secure and rsETH is fully collateralized, and has implemented a 24-hour pause measure on the relevant addresses.
CoinEx founder Yang Haipo posted on X regarding the shutdown and orderly wind-down of CoinEx, stating that CoinEx's asset reserve ratio currently exceeds 100%, and all user assets are fully backed by sufficient reserves and can be withdrawn normally.Regarding the reasons for the shutdown, Yang Haipo stated that CoinEx had been operating for nine years but ultimately failed to become an industry-leading exchange, while the security and compliance risks of operating a crypto exchange have become increasingly difficult to control. "Revenue can decline, but responsibility will not diminish. Taking on unlimited risk for limited revenue is no longer a rational choice."Yang Haipo also revealed that he had seriously considered selling CoinEx but ultimately decided against it. He stated that users entrusted their assets to CoinEx based on trust in the platform and, in many cases, in him personally, and therefore believed that handing over the platform and that trust to a new owner was not the right way to end this journey. In addition, CoinEx will ensure that users can withdraw their full balances and will buy back CET at unlimited quantities at its initial listing price of 0.005 USDT/CET.
Odaily News: Crypto trader Bonk Guy posted on X platform responding to recent controversy surrounding his purchase of EMBER and explaining his position-building logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was around $3 million but did not buy in. After observing for a day, he revisited his research due to the platform's rapid data growth and bought in from around a $7 million market cap all the way up to a $20 million market cap.Bonk Guy said that EMBER is a major Launchpad built on Meteora, supporting SOL, USDC, and over 150 tokenized stocks as pairing assets for token issuance. It utilizes Meteora Dynamic Bonding Curve technology and offers features such as token fee distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember has recorded approximately $51.7 million in trading volume, $561,000 in fees, and has cumulatively issued 2,041 tokens within 3 days of launch, with over 41,800 unique holder addresses and 149,000 Solana transactions. BonkGuy compared his Ember purchase to his previous PONS trade, noting that he first saw PONS when its market cap was below $1 million, similarly ignored it for a full day, and then started buying at around a $4 million market cap. Rather than whether a trending token has already emerged, what matters more is observing the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, while Solana's Meme trading ecosystem has been developing for a longer time, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also stated that his trades are not based on market consensus. Some of his most successful trades in the past often came from discovering opportunities before the market formed a consensus; by the time everyone agrees, the asymmetric upside potential has usually already been significantly reduced.Regarding the recent controversy, Bonk Guy said that the claim of "EMBER having over 50% Bubblemaps address clusters" has been clarified by Bubblemaps; his earlier statement that Ember was "launched by Meteora" was also inaccurate—a more precise description is that Ember is built on Meteora-related infrastructure and has now been listed on Meteora's ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.
Odaily News: DeFi researcher Ignas posted on X platform stating that current stock and Meme coin narratives essentially depend on trading volume and transaction fees to function. If trading volume dries up, rewards and buybacks will also disappear, thereby weakening token-holding incentives and ultimately leading to sell-offs.He cited examples: STONK, PONS, and CASHCAT all use platform fees for token buybacks or burns; INDEX uses transaction fees to purchase tokenized stocks; ZCAT funds ZEC rewards through transaction taxes. Additionally, SHROOM reinvests fees generated by the LP network back into liquidity.Ignas used Coinbase's previous cycle as an example, noting that its quarterly trading volume dropped from $547 billion in Q4 2021 to $145 billion a year later, a decline of approximately 74%, and pointed out that Meme coin trading volume could see an even more pronounced drop after the hype fades. Therefore, directly extrapolating these projects' annual revenue or yield rates based on current high trading volume and fee levels may overestimate their sustainability.
Jiang Zhuo'er stated that after Bitcoin just experienced a decline, he observed the Coinbase premium turn negative and continue to widen, thus predicting potential outflows from Bitcoin spot ETFs the next day. He pointed out that ETF data has a lag, and trading based on it is akin to "driving while looking in the rearview mirror." However, given the significant impact that ETF inflows and outflows have on the market, they remain an important reference.
Odaily News Analyst Killa stated on platform X that, based on historical performance, when BTC begins to form a bottom and slowly trends upward, it often represents a favorable accumulation phase for altcoins. During the previous cycle, as BTC rose from $16,000 to $74,000, a large number of altcoins recorded gains of 300%–500%. However, as BTC continued to strengthen thereafter and its market dominance increased, many altcoins began to face downward pressure.Killa believes that if BTC has already formed its bottom this cycle, some altcoins may have also established cyclical lows, prompting a recent resumption of selective altcoin positioning. His SOL position, bought at $76, is currently up approximately 50%. The ASTER long position shared recently has a target of at least 50% to 100% upside. Additionally, the HYPE spot or long position established earlier at $51.55 has since risen roughly 70%.
Odaily News: DeFi researcher Ignas stated on the X platform that when it comes to finding Meme coins in the AI era, the way of trading does not seem to have fundamentally changed. Taking Grok as an example, when asked to recommend Meme coins worth buying, it typically only provides token tickers based on historical data such as views, trading volume, and post counts on the X platform.Ignas believes that true Meme coin trading still requires human judgment as to whether a project has the potential to "break out" and gain mainstream attention, including market sentiment, community atmosphere, narrative appeal, and whether KOLs suddenly start shilling the coin. Compared to asking AI once a day what to buy, staying online 24/7 and capturing shifts in market sentiment still holds an advantage.However, Ignas pointed out that AI is completely reshaping liquidity provision (LP) strategies. He stated that his AI agents can automatically screen liquidity pools and analyze factors such as trading volume, fees, fee trends, liquidity depth, and appropriate price ranges. The relevant strategies are still being refined, but a methodology has already taken shape that can be continuously optimized and generate compounding effects.Ignas believes that if Meme coin trading and being "online 24/7" are not a good fit for you, then leveraging AI to learn and execute LP strategies might be a skill that is easier to master.
Odaily News Trader BonkGuy (Unipcs) shared his recent trading performance and strategy in a post on X, noting that his portfolio value once reached $20 million. Among his positions, PONS surged 11,108% from his average entry price, yielding a floating profit of approximately $7.5 million. Additionally, he recorded gains of 1,111%, 894%, 405%, 356%, and 108% on MICRODUCK, DELTA, MARSCOIN, USELESS, and BASECAT, respectively.BonkGuy summarized his trading strategy into five key points: First, anticipate shifts in market narratives and attention early, identifying the biggest beneficiaries likely to absorb capital and interest in the next phase, rather than chasing assets that have already rallied. Second, diversify trading logic rather than conviction—based on the same trend thesis, seek out the most likely beneficiaries across different ecosystems. Third, build a high-quality on-chain trading information network, continuously sourcing information, exchanging views, and validating trading logic through trading groups, X, friends, and other traders. Fourth, accept the time and energy costs associated with opportunities, as he believes the window of opportunity during the current bull market's high-explosive phase is limited. Fifth, reduce personal emotions and biases in trading, avoiding the active exclusion of potential opportunities due to personal opinions about a particular chain, platform, founder, or ecosystem. He concluded, "The market doesn't care what you believe; it rewards correct judgment."
Unipcs (also known as "Bonk Guy") advised against users blindly copying his FOMO wallet transactions. He emphasized that it is a high-risk trading wallet that buys or sells tokens at any time based on his own judgment, without necessarily disclosing the trading logic or investment rationale. Unipcs noted that not all purchased tokens carry a clear investment thesis or a high-conviction hold expectation; some trades are merely short-term operations and may be quickly stopped out if performance lags. He reminded users that while he cannot prevent others from copying his trades, he hopes they fully comprehend the associated risks.
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.
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 – After South Korea raised capital thresholds and added trading restrictions, the leveraged trading capital previously concentrated in Samsung Electronics and SK Hynix has contracted notably. However, some market participants worry that the restricted leveraged capital may shift toward index-based or overseas leveraged ETFs, and the effectiveness of the regulatory measures still requires further observation.Looking at specific targets, eight products linked to SK Hynix saw net selling of approximately 1.2415 trillion KRW, while eight products tied to Samsung Electronics recorded net selling of around 531.6 billion KRW.The cooling in trading activity is equally pronounced. The aforementioned 16 products posted an average daily trading volume of roughly 11.6787 trillion KRW from their listing in May through July 30. Since August, this has dropped to about 1.0059 trillion KRW, a decline of more than 90%, now equivalent to only about 8% of the level seen before the regulatory measures were implemented.The regulatory tightening began on July 31. South Korea's financial regulators raised the base margin threshold for single-stock leveraged ETFs from 10 million KRW to 30 million KRW; starting August 19, investors are also required to complete simulated trading before transacting in related products. Regulators plan to further increase the minimum trading unit, targeting an adjustment to 20 shares by November. Before the regulations were introduced, single-stock leveraged ETFs had enjoyed strong popularity among South Korean retail investors. Between May 27 and July 30, individual investors cumulatively net purchased approximately 15.2876 trillion KRW across the aforementioned 16 products, with SK Hynix-related products attracting about 9.9365 trillion KRW and Samsung Electronics-related products drawing around 5.3511 trillion KRW. (Newsis)
Odaily News: Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction employs a two-step merger structure, with total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock.The business brings approximately 30 NYDIG employees and institutional client relationships into BitGo, offering derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices.The transaction also includes performance-based incentive provisions, including a $10 million cash payment tied to a revenue milestone, up to $5 million in cash and additional shares tied to a second milestone, as well as retention incentives for transferred employees.NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, with a post-issuance valuation of approximately $2 billion, and launched the USDS token. (Decrypt)
According to Bitcoin.com, at the "Accelerating Bitcoin" conference, several energy analysts warned about the impact of Bitcoin mining on Paraguay’s power grid. Energy analyst Victorio Oxilia noted that Bitcoin mining currently consumes 30% of the country’s total electricity, equivalent to the output of one and a half turbines at the Itaipu Dam. Should mining operations continue to expand, an energy crisis is projected to emerge by 2029. Meanwhile, Paraguay’s power generation has stagnated for years, requiring an investment of $11 billion to $15 billion over the next 13 years to meet growing demand, despite virtually no major energy investments in the past half-century. Existing energy contracts for mining firms will expire in 2027, with their renewal outlook uncertain. Analysts also pointed out that mining electricity usage is readily adjustable; operators can scale operations up or down based on grid load, making it easier to manage than residential power consumption. Paraguayan authorities have since intensified crackdowns on illegal electricity theft, securing convictions against those involved.
According to Bitcoin.com, Michael Saylor, Executive Chairman of Strategy (MSTR), introduced the concept of "Bitcoin Reformation" in a published article, arguing that Bitcoin should move beyond dogmatic interpretations of early tenets such as Satoshi Nakamoto, the whitepaper, and the "must self-custody" principle, and further integrate into banking, exchanges, corporate sectors, securities markets, and government systems. Saylor stated that while self-custody remains an essential right allowing holders to freely opt out of intermediary systems, it should not be imposed as a mandatory obligation on everyone; users can also evaluate institutional services based on criteria such as custody segregation, collateral, audits, insurance, and withdrawal rights. He believes that Bitcoin has gradually evolved from a peer-to-peer electronic cash system and "digital gold" into "digital capital" capable of supporting credit, equity, currency, and machine economies.
According to Glassnode, Bitcoin has rebounded approximately 26% from its mid-August low, driven primarily by record short liquidations. August 19 marked the largest single-day short liquidation day monitored since 2019, with shorts accounting for 85% of total liquidations within the squeeze window. Over the same period, coin-denominated BTC futures open interest fell by 11%, while perpetual contract funding rates remained largely neutral, indicating that the rally was not accompanied by significant new leveraged long positioning. On the capital flow front, U.S. spot Bitcoin ETFs recorded cumulative net inflows of $2.23 billion during this window, with no single-day net outflows, marking the strongest consecutive seven-day inflow streak of the year. The 30-day accumulation trend scores for wallets across all size categories remained above 0.5, reflecting broad-based buying coverage throughout the market. However, Glassnode notes that the $81,000–$86,000 zone concentrates the cost basis of long-term holders, sell orders, options market maker negative gamma positioning, and potential short liquidation bands, forming the primary resistance to the current rebound. The report suggests that if BTC holds above $83,300 alongside sustained ETF inflows, it may signal that this supply zone is being absorbed. Downside focus should then shift to the $70,000 short-term holder cost basis, followed by the $62,000–$65,000 support range.
Odaily News Nvidia will release its fiscal 2026 second-quarter earnings after the U.S. market close. According to analyst estimates compiled by LSEG, the company's quarterly earnings per share are expected to be $2.10, with revenue projected to reach $92.17 billion.The market expects Nvidia's revenue to nearly double from $46.7 billion in the same period last year, continuing the rapid growth driven by the wave of artificial intelligence infrastructure investment. As a core supplier of AI computing power, Nvidia's GPUs are widely used to train and run advanced AI models, and the company is also involved in advancing the construction of next-generation AI data centers through financing support and other means.However, after nearly three years of significant gains, investor expectations for Nvidia have become more cautious. As of Tuesday's close, Nvidia has risen approximately 14% year-to-date, slightly outperforming the Nasdaq index. Market concerns include competitive pressure from rivals such as AMD and Google, as well as rising costs stemming from the global memory chip shortage.Currently, Nvidia is in a new product cycle, with its latest Vera Rubin AI system already being delivered to customers including Microsoft and OpenAI. Investors will focus on sales progress and supply conditions for the Rubin and Blackwell chip families, as well as the company's outlook for future AI computing power demand.Nvidia CEO Jensen Huang has previously stated that he expects the current product cycle based on the Blackwell and Vera Rubin architectures to generate cumulative sales of $1 trillion by 2027. The company will hold its earnings conference call at 5:00 PM ET. (CNBC)
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
According to on-chain analytics platform Lookonchain (@lookonchain), Japanese Bitcoin treasury company Metaplanet deposited 1,000 BTC to Coinbase Prime about an hour ago, valued at approximately $79.77 million based on the transfer price.
According to Odaily, the ETH/BTC ratio has recently formed a "golden cross," where the 50-day moving average has crossed above the 200-day moving average. Since early June, ETH has consistently outperformed BTC, with the ETH/BTC ratio rising approximately 25% from its June 6 low.Historical data shows that the performance of ETH/BTC following a golden cross has been inconsistent. After the golden cross on July 25, 2025, the ratio rose about 36% over the following four weeks, but subsequently turned downward; following the February 2021 golden cross, it once surged approximately 93%. However, the two golden crosses in May and August 2022 both failed to sustain upward momentum. CoinDesk noted that the golden cross is a lagging indicator based on historical prices and does not necessarily imply that ETH will continue to outperform BTC going forward. (CoinDesk)