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.
three U.S. Dogecoin ETFs have collectively attracted just over $12 million in inflows over the past 10 months, compared to XRP funds which pulled in $12.29 million in a single day on September 9. Since their debut in November 2025, XRP funds have accumulated $1.7 billion in net inflows, while Solana funds have drawn $1.36 billion since launching in October 2025—both more than 100 times the total for Dogecoin funds.Previously, Bitwise announced it would shut down its Dogecoin ETF BWOW, which held only $687,713 in assets as of September 9, with trading expected to cease on October 14. Data shows that across 199 trading days, the three Dogecoin funds recorded net inflows on only 28 days, with zero net flows on 166 days. MyDoge founder Jordan Jefferson believes that accessibility has never been the biggest bottleneck for Dogecoin; whether institutional demand can be unlocked depends on whether investors can find underwriting value beyond price appreciation. (CoinDesk)
Odaily News: Digital asset trading platform Gate has released its August 2026 Transparency Report. The report shows that in August, multiple Gate business lines received recognition from institutional data providers including CoinDesk, CryptoQuant, CryptoRank, and DefiLlama. Among them, Gate's stock perpetual contract trading volume grew 308% month-over-month, maintaining triple-digit growth for three consecutive months; the RWA perpetual contract open interest (OI) market share reached 49.6%, ranking first globally among centralized trading platforms. Meanwhile, Gate's 24-hour spot and derivatives trading volume stood at approximately $9.5 billion, with open interest reaching $12.48 billion, both ranking among the global top three; 30-day net inflow reached $308.1 million, ranking second among mainstream trading platforms.In terms of traditional financial asset trading, Gate's CFD business continues to expand its asset coverage, now covering 680 trading pairs, spanning major TradFi assets including forex, metals, energy, indices, and stocks. In terms of overall TradFi product layout, Gate now covers over 1,000 TradFi assets, with stock derivatives covering more than 360 underlying assets, both ranking first globally, further enhancing its multi-asset trading matrix.As digital assets and traditional financial markets continue to converge, Gate is steadily expanding diverse trading scenarios including stocks, RWA, CFD, and derivatives. By enriching asset supply and trading tools, it is further improving its comprehensive trading infrastructure that connects digital assets with traditional financial markets.
According to CoinDesk, Bitcoin briefly dipped to $77,666 on Tuesday before recovering to around $78,900 during Wednesday's Asian trading session. The asset saw minimal movement over a 24-hour period, posting a weekly gain of nearly 2%. Markets are currently focused on upcoming U.S. inflation data and the Federal Reserve's interest rate decision scheduled for September 15–16. Meanwhile, Grayscale stated that its Zcash exchange-traded fund surpassed $500 million in assets under management just two weeks after its debut on NYSE Arca. Trading under the ticker ZCSH, the fund has attracted over $70 million in net inflows since its launch on August 25 and secured a $100 million investment from DCG International Investments. It currently holds more than 550,000 ZEC, representing approximately 3% of the ZEC circulating supply.
According to CoinDesk, Bitcoin has faced persistent pressure near the $83,000 key resistance level, failing to surpass its earlier May high before retracing below $80,000. Data from Glassnode reveals that wallet cohorts have collectively entered a net distribution phase for the first time since early June, with whale wallets holding at least 1,000 BTC displaying the clearest selling trend. Previously, Bitcoin rallied from around $64,000 to $79,000 in mid-August. Currently, Bitcoin is also encountering resistance near the 50-week moving average, but if the 50-day moving average crosses above the 200-day moving average to form a "golden cross," it may provide some support to bulls.
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)
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.
According to CoinDesk, following US air strikes on Iran, global risk assets came under pressure and the cryptocurrency market declined in tandem. Over the past 24 hours, major large-cap tokens saw widespread declines, with Solana and Tron dropping more than 3%, Ethereum falling around 2%, and XRP declining nearly 2%. Bitcoin recorded a relatively smaller decline of approximately 1%, trading at around $77,500.
According to CoinDesk, two economists from the Dallas Fed estimate that if tokenized deposits increase depositors' interest rate sensitivity by 10%, U.S. banks' capacity to hold long-term interest rate risk could decline by approximately $700 billion. Another scenario shows that if tokenization causes deposits to leave banks 10% earlier, their ability to absorb interest rate risk on long-term loans and securities could fall by around $580 billion.
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)
According to Odaily, Bitcoin recently broke through a key price level, sparking discussions about whether a new bull market has begun. Some analysts believe that rapid gains, concentrated short covering, and technical breakouts are typical signals of a market bottom reversal, but others warn that the macroeconomic environment and capital inflows remain key factors in determining the sustainability of the trend.Mati Greenspan, founder of Quantum Economics, stated that Bitcoin's recent rally is very similar to historical bottoming phases, which are typically accompanied by short squeezes, sharp single-day gains, and breakouts above key technical resistance levels, followed by investors who missed the move re-entering the market. He believes that the probability of a significant Bitcoin pullback is currently decreasing, and market FOMO sentiment may further intensify.However, Jason Fernandes, co-founder of AdLunam, remains cautious. He noted that without sustained spot ETF inflows and clear signals of interest rate cuts, it is still too early to confirm the bear market is over, and Bitcoin may lose upward momentum near resistance levels.Analysts point out that the current rally is driven by multiple factors, including the U.S. Treasury's expansion of its bond buyback program, declining long-term yields, and improved sentiment toward risk assets. Previously, Bitcoin had been consolidating in the $64,000 to $66,000 range, accumulating significant short positions in the market. The breakout triggered cascading liquidations in the derivatives market, accelerating the price surge.Tobias Bauer, co-founder of TBV, noted that Bitcoin futures trading volume on Binance reached $1.26 billion within a minute—361 times the normal level—while funding rates rose to exchange limits, indicating crowded leveraged longs in the market and rising costs for chasing the rally. (CoinDesk)
Odaily News比特币 rose to its highest level since May before the US market opened on Friday, briefly touching $79,400 during trading before hovering around $78,000, just one step away from the key resistance level of $80,000. US spot Bitcoin ETFs recorded net inflows of $606 million on Thursday, the highest level since May 1, boosting market risk appetite.James Butterfill, Head of Research at CoinShares, stated that this rally is primarily driven by macroeconomic factors rather than factors within the crypto market itself, noting that Bitcoin remains highly sensitive to changes in liquidity expectations and real yields. Previously, US inflation data came in below expectations, employment data weakened, and the US Treasury announced measures to push down long-term Treasury yields, all of which drove risk assets higher.Butterfill pointed out that $80,000 is an important demarcation line for Bitcoin at present. To form an effective breakout, the market needs further confirmation that the Federal Reserve's monetary policy is shifting toward easing, with related signals potentially released at next week's Jackson Hole symposium.However, he also cautioned that if inflation remains persistently high or the dollar weakens, the Fed may be forced to adopt a more cautious policy. Additionally, the scale of accumulation by large holders remains relatively limited, and the market still lacks strong confidence to support a sustained breakout. Going forward, US spot Bitcoin ETF fund flows and macroeconomic data performance will serve as key indicators for judging the sustainability of the trend. (CoinDesk)
an Optimism community governance proposal has been passed, reallocating 546.9 million OP tokens originally intended for user airdrops to the "Strategic Ecosystem Fund" managed by the Optimism Foundation, sparking discussions within the community over governance transparency and user rights.The OP tokens involved in this proposal account for approximately 12.7% of the total supply, valued at around $49.7 million at current prices. The Optimism Foundation stated that as the ecosystem strategy shifts toward institutional adoption and enterprise partnerships, large-scale user airdrops no longer fully align with the current development direction, and unused tokens can be deployed for ecosystem incentives, partnership building, and enterprise-level project expansion.The vote ultimately passed with 17.974 million OP in favor and 10.931 million OP against. The pivotal turning point came 16 minutes and 52 seconds before the vote closed, when Test in Prod (delegate.testinprod-io.eth), the core development team of the Optimism ecosystem, cast 8.486 million OP in support, raising the approval ratio from 45.77% to 61.84% and ultimately pushing the proposal through.Excluding Test in Prod's vote, the proposal's support rate would stand at only 46.47%, failing to pass, and the relevant tokens would likely have remained in the user allocation pool. The Optimism Foundation previously committed to disclosing the cumulative usage of the fund and related outcomes through annual budget reports. This vote has also reignited discussions about the influence of "large delegated voting power" in DAO governance and the balance of token holder rights. (CoinDesk)
Odaily News - Bitcoin extended its gains on Wednesday and climbed above $72,000 on Thursday, reaching its highest level since June 1.Market analysis suggests that the recent rally is primarily driven by easing pressure in the U.S. Treasury market. The White House's earlier signals of support for Treasury market stability alleviated investor concerns over bond market volatility. However, the longer-term trajectory still depends on changes in Federal Reserve liquidity policy.Analyst Pedro Fontes noted that if the world's largest debt market requires policy support to maintain stable operation, it would further strengthen demand for assets that are scarce, predictable, and not reliant on government debt expansion—characteristics that Bitcoin aligns with. Meanwhile, the U.S. dollar index fell 0.88% to 98.77 yesterday, hitting a fresh low since May.Strive Founder and CEO Matt Cole stated that the dollar index has been in a long-term "structural downtrend," and a weaker dollar could create a more favorable investment environment for assets like Bitcoin. Markets will continue to monitor the White House's further remarks on the bond market, shifts in geopolitical conditions, and U.S. initial jobless claims data today, as these factors could influence Treasury yields and market liquidity expectations. (CoinDesk)
Odaily News: Payment app Cash App is expanding its cryptocurrency services through crypto payment platform MoonPay, allowing 50 million users to purchase tokens such as ETH, SOL, XRP, and USDT. Additionally, users can top up major wallets like Ledger, BitPay, Trust Wallet, MetaMask, and Uniswap through Cash App. Previously, Cash App's crypto services only supported Bitcoin, with USDC support added earlier this year. (CoinDesk)
Odaily News: Sheldon Lee, founder of cryptocurrency exchange BitMart, stated that a post on X claiming users were unable to withdraw funds and that some employees had not received their July salaries is a "fabricated rumor," adding that the exchange's Chinese-language account had been hacked. Critics, including users and on-chain investigator ZachXBT, have demanded that BitMart resume withdrawals or undergo an independent third-party audit. BitMart is gradually winding down operations, with the final trading day set for August 26. Troubled investment firm Echo Base said it had proposed a funded restructuring plan to BitMart but received no response. The firm warned that resolving a large volume of customer claims may require proceedings through the courts. (CoinDesk)
Odaily News: Following the full implementation of the EU's MiCA regulation on July 1, over 1,700 unlicensed crypto platforms have been ordered to cease operations and guide users toward licensed platforms; currently, only 323 companies hold valid authorizations. Approximately 10 million users need to migrate their assets, and scammers are taking advantage of this by impersonating regulators and licensed exchanges, sending fake migration notices to lure users into transferring assets to fraudulent platforms. The French Financial Markets Authority (AMF) stated that scammers have been posing as its employees to defraud funds under the guise of collecting "management fees." The European Securities and Markets Authority (ESMA) confirmed that its identity and logos have been misused. The Dutch Authority for the Financial Markets (AFM) warned that migration from unlicensed exchanges has itself become an attack surface, advising users to verify service providers through ESMA's official register and to remain vigilant against unsolicited contact requesting fund transfers.
Odaily Odaily News: Unitree, a robotics manufacturer, has been priced at approximately $93 per share by Hyperliquid traders, about 4.16 times the Shanghai IPO price of $22.37. The pre-IPO perpetual contracts allow traders to speculate on the company's eventual market price without holding its stock. Analysts at blockchain data firm Allium noted that once Unitree shares begin trading, the premium may experience volatile price convergence, and leveraged positions could face liquidation. (CoinDesk)
Crypto startups completed USD 11.2 billion in funding in the first half of 2026, with all disclosed capital flowing to regulated, licensed enterprises. Payments and stablecoins, prediction markets, exchanges, and trading platforms received the most funding. Major backers include Wall Street and large global financial institutions, whose investment focus is on licensed and compliant companies. Investors and founders increasingly view regulatory licenses as scarce and defensive assets, while retail investors still primarily trade on unlicensed or alternative platforms. (CoinDesk)
Odaily Planet Daily: Crypto asset trading platform Bullish has announced its financial results for Q2 2026. The company stated that as global securities markets gradually migrate to public blockchains, Bullish is planning to build a comprehensive issuer-supported tokenized securities service system covering issuance, listing, trading, and tracking.Bullish CEO Tom Farley stated that the global securities market, valued at nearly $300 trillion, is transitioning to public blockchains, and Bullish aims to work with issuers to drive this process. Upon completion of the proposed acquisition of Equiniti, the company will form an integrated platform covering tokenized securities issuance, listing, trading, and tracking.Financial data shows that Bullish's Q2 digital asset sales reached $32.6 billion, down from $58.6 billion in the same period last year; the net loss was $280 million, compared to a net profit of $108.3 million in the same period last year, corresponding to a diluted loss per share of $1.78.However, the company's core business performance improved. Q2 adjusted revenue (non-IFRS) reached $92.6 million, up 62% year-over-year from $57 million in the same period last year; among which subscription, services, and other revenue hit a record $62.7 million. Adjusted trading revenue was $29.9 million, up 24% year-over-year; adjusted EBITDA was $29.5 million, compared to $8.1 million in the same period last year; adjusted net profit was $14.3 million, compared to a loss of $6 million in the same period last year.In terms of business progress, Bullish stated that the acquisition of UK fintech company Equiniti is progressing and is expected to be completed in early 2027, subject to customary conditions including regulatory approvals. Additionally, Bullish's CoinDesk indices continue to gain institutional adoption. Morgan Stanley has launched Bitcoin, Ethereum, and Solana-related trading products based on CoinDesk benchmark indices, attracting over $400 million in inflows during Q2.On the regulatory front, Bullish has received approval from the Gibraltar Financial Services Commission (GFSC) to provide secondary trading services for tokenized securities, becoming one of the first regulated platforms to offer issuer-supported tokenized securities trading.The company has also raised and refined its full-year 2026 guidance, projecting subscription, services, and other revenue (non-IFRS) of $225 million to $245 million, adjusted operating expenses of $225 million to $230 million, and financing costs of $52 million to $60 million. (Globenewswire)