Today’s news tips:
Macro outlook for next week: Non-farm payrolls and PCE will test the Fed’s interest rate path, Micron’s financial report will test the quality of demand
THORChain responds to the question of "handling hacker funds": decentralization does not require a license agreement and cannot be stopped
Kraken’s parent company has spent billions of dollars laying out financial infrastructure to create a unified financial platform
Analyst: The frenzy in the altcoin market is showing early warning signs, and the rally may not last long
Aave founder: In the future, the lending landscape will cover solar energy, GPU, robots and other assets
A certain ETH whale stopped profiting about 30,000 ETH 9 hours ago, and sold a total of 112,000 ETH in a week to make a profit of US$72.83 million.
Kalshi gets court support to continue operating event contracting business in Ohio and Tennessee
ZEC reaches all-time high, reaching as high as $1,697.45
Supervision & Macro
Macro outlook for next week: Non-farm payrolls and PCE will test the Fed’s interest rate path, Micron’s financial report will test the quality of demand
Macro outlook for next week: Federal Reserve Board Governor Lisa Cook speaks on Thursday, US August JOLTs job vacancies and consumer confidence index on Tuesday, ADP and non-farm core PCE, final second quarter GDP on Wednesday, initial jobless claims and ISM manufacturing PMI on Thursday, non-farm payrolls report and unemployment rate, average hourly earnings on Friday. The highlight of the data is Friday’s non-farm payrolls. In terms of U.S. stocks, Nike and Micron will release financial reports, corresponding to the two main lines of consumer demand and memory chips respectively.
Kalshi gets court support to continue operating event contracting business in Ohio and Tennessee
As reported by Cointelegraph, Kalshi won an important ruling in the Sixth Circuit Court of Appeals and was allowed to continue operating its event contracting business in Ohio and Tennessee.
Trump talks about the name of AI: "Super Intelligence" is more appropriate
US President Trump said that the name "Super Intelligence" is more appropriate than AI because the word "Artificial" often implies "false" or "unreal", but AI is not false, but an extremely powerful intelligence.
Trump says he rejects Iran's proposal to reopen Strait of Hormuz
U.S. President Trump said he rejected Iran's proposal to reopen the Strait of Hormuz, Xinhua News Agency reported. He said that the United States has full control of the Strait of Hormuz, and a large amount of oil is flowing out of it. Iran hopes to reach an agreement to reopen it immediately. "I rejected their proposal."
Galaxy Research: CFTC’s “Mention Markets” guidance makes it difficult to address the structural manipulation risks of personal speech predictions
Regarding the CFTC’s guidance on “Mention Markets”, Galaxy Research stated that such contracts are settled based on the autonomous behavior of specific individuals and carry a high risk of manipulation. The DMO believes that such contracts should be presumed to be susceptible to manipulation, and four factors need to be assessed for listing: whether the individual controlling the results is bound by independent obligations, whether they are susceptible to external pressure, whether the results can be independently verified and subject to public supervision, and whether the exchange has complete rules and monitoring. Galaxy Research believes that the guidance is only informational and non-binding. Although it raises the listing and monitoring threshold, it cannot completely eliminate the structural manipulation risk of such contracts.
Project news
THORChain responds to the question of "handling hacker funds": decentralization does not require a license agreement and cannot be stopped
In response to MistTrack's criticism that THORChain has been used many times to transfer stolen funds from exchanges such as Bybit and Bitget, THORChain responded that it was saddened by recent attacks and emphasized that it is a decentralized and permissionless protocol like Bitcoin, Ethereum, and BNB Chain. It asked what responsibilities Bitcoin, Ethereum, and BNB Chain should bear when handling known stolen funds. Bitget CEO had previously called on THORChain to refuse to provide services to the attacker’s address.
AMLBot: Some Bitget stolen funds were mixed through Wasabi CoinJoin
According to AMLBot monitoring, Bitget’s stolen funds appear to have begun to be laundered through the Wasabi CoinJoin currency mixing service. Tracking shows that about 4 BTC in a certain CoinJoin round can be traced back to Bitget's TRON wallet: the funds were converted from TRX to USDT, cross-chained to Ethereum via USDT0 to be exchanged for about 145 ETH, and then converted to about 4.59 BTC via THORChain, and then entered CoinJoin after splitting.
A trader bet on MASK and made over $320,000 in 48 hours
According to Lookonchain monitoring, a trader "OuterHeavyBat" made more than $320,000 in profit from trading MASK within 48 hours, with a return on investment of 318%.
Vitalik: PeerDAS has been running stably for nearly a year, helping Ethereum achieve "no copying" decentralized consensus
Vitalik Buterin, co-founder of Ethereum, wrote that PeerDAS has been running stably for nearly a year with basically no problems, which is an "underestimated achievement" for client developers. He called PeerDAS the first large-scale blockchain system case to achieve "consensus on data availability without the need for any single node to download a complete block", achieving a decentralized consensus without the need for complete data replication.
Bitget CEO calls on THORChain to refuse to serve attacker addresses
Bitget CEO issued a statement stating that the relevant addresses of the Bitget attackers have been made public and are being continuously tracked. Bitget officially requested THORChain to refuse to provide services to these addresses. He said decentralization is a design principle and should not be used as a "shield" to assist in handling known stolen funds, adding that "the entire industry is paying attention to this."
Investment and financing news
Kraken’s parent company has spent billions of dollars laying out financial infrastructure to create a unified financial platform
According to CoinDesk, Kraken parent company Payward has invested billions of dollars in the past two years to expand into futures and derivatives, tokenized stocks and banking services through acquisitions and self-construction, with the goal of integrating transactions, payments, asset management and institutional services into a unified financial infrastructure. Payward has completed the US futures and derivatives infrastructure through the acquisition of NinjaTrader and Bitnomial, and plans to acquire a bank in Europe; its B2B unit Payward Services has at least 25 companies using APIs, including Hyperliquid. Adjusted revenue in the second quarter of 2026 was US$508 million, a year-on-year increase of 17%.
Opinion & Analysis
Analyst: The altcoin market has seen its strongest expansion since July 2025, with an increase of 12.5% on the 30th
CryptoQuant analyst Darkfost said that the total market value of altcoins increased by more than 32% within 30 days in early September, and the current 30-day increase is approximately 12.5%. Liquidity has continued to flow in since July, which is the strongest round of altcoin market expansion since July 2025. He said investors should remain cautious given the strong expansion, but the trend may continue and the market will not move in a straight line, so patience is still important.
Analyst: The frenzy in the altcoin market is showing early warning signs, and the rally may not last long
CryptoQuant analyst Darkfost said that the frenzy in the altcoin market is showing warning signs. The Total2 indicator, which represents the total market value of altcoins, has attracted more than $371 billion in funds since June 2026, an increase of 45% in several months. In August, 80% of Binance altcoin prices were below the 200-day moving average. Now this proportion has dropped to 13%, which means 87% have turned bullish. The number of altcoins flowing into exchanges rose to the highest level since October 2025, with the average number of weekly deposits on Binance and Coinbase rising to 22,700 and 8,300 respectively. However, historical experience shows that this situation is often difficult to sustain.
Brother Maji posted a message expecting ETH to hit $3,000: "ETH love you 3000"
Huang Licheng, the eldest brother of Maji, posted "ETH love you 3000 (Ethereum loves you 3000 US dollars)" on the
Fidelity executive: A new cyclical bull market for BTC may have begun, with a target of $300,000 in 2029
Jurrien Timmer, Fidelity's global head of macro, wrote that the Bitcoin power law model shows that after holding $60,000, a new cyclical bull market for BTC is unfolding, and it is expected that its target will be $300,000 in 2029.
Analysis: USDC may further erode USDT’s market share due to Binance’s cooperation with Circle
According to CoinDesk, Binance invested US$100 million to purchase Circle shares and signed a new five-year business agreement. Analysts said that this move will further promote the coverage of USDC in emerging markets and global crypto transactions, creating more competitive pressure on USDT. Binance’s USDC spot trading market has increased from 140 when we first cooperated to 329, and the monthly USDC trading volume has increased from approximately 20-40 billion US dollars to continuously exceed 80 billion US dollars. Kaiko's research director said that since 2026, Binance has processed approximately US$5-10 billion in USDC spot trading volume every day, which is 10-20 times that of most other platforms.
Analysis: Although the AI bubble controversy continues to heat up, Wall Street bears are still reluctant to make big bets
According to The Information, Steve Eisman, a hedge fund manager and short seller who became famous for betting on the 2008 financial crisis, has been one of the representatives of Wall Street in criticizing the AI market craze in recent years, but he is cautious about the market valuation and investment mania driven by AI. He is still unwilling to make a large-scale short-selling of AI assets based on this, saying that he is "not ready to make a large-scale short-selling judgment here" and does not yet believe that short-selling AI has formed a clear enough investment opportunity.
Michael Saylor releases policy recommendations for digital economy prosperity: Banks should be allowed to custody BTC and provide mortgage loans
Michael Saylor released "Policy Recommendations for Digital Economy Prosperity", advocating that Bitcoin should be regarded as "digital capital", allowing banks to custody BTC under clear rules and provide credit with BTC as collateral, and insurance companies should also be given the path to incorporate digital capital into their balance sheets and product design. He criticized the "Basel Accord" for adopting a 1,250% risk weight for crypto asset exposure, and advocated reassessing and distinguishing custody, pledged lending and self-owned positions based on actual risks. At the same time, he advocates the establishment of a "Digital Bill of Rights" and predicts that the digital asset industry may eventually develop into a $100 trillion industry.
Analysis: The activity of long-term Bitcoin holders is far less than the 2024 peak, and exchange inflows are below the annual average
Crypto analyst Darkfost wrote that Bitcoin long-term holders (LTH) related activities are cooling down, exchange inflows are still significantly lower than the annual average, and the market is becoming more rational. LTH was most active during the top period in March 2024, and the average daily inflow to the exchange once exceeded the annual average by more than 5 times; the top in 2025 was relatively calm, and then the bear market began and its activity increased significantly. The annual average daily inflow rose from about 600 coins to about 1,000 coins, and the inflow volume on some trading days far exceeded the annual average.
Aave founder: In the future, the lending landscape will cover solar energy, GPU, robots and other assets
Aave founder and CEO Stani said that the core indicator to measure Aave's potential market size is "accessible collateral". The wider the range of mortgage assets, the greater the market space. Aave started with crypto asset lending and expanded into the securities field through Coinbase Tokenized Stocks and Horizon RWA. In the future, it will also cover assets such as solar energy, batteries, GPUs, robots, and space infrastructure. He said that this transformation will continue until 2050, and Aave aims to advance the process by about 10 years by financing assets related to the "era of abundance".
important data
In the past seven days, the CEX platform had a net outflow of 31,782 BTC, and Binance had a net outflow of 19,500.28 BTC.
Coinglass data shows that there has been a net outflow of 31,782 BTC from the CEX platform in the past seven days. Among them, 19,500.28 coins were released from Binance, 6,700.6 coins were released from Coinbase Pro, 2,816.41 coins were released from Kraken, and 2,139.59 coins were released from Bitfinex.
A certain ETH whale stopped profiting about 30,000 ETH 9 hours ago, and sold a total of 112,000 ETH in a week to make a profit of US$72.83 million.
According to Ember Monitor, a whale/institution that has held ETH for 3 years stopped losing 30,825 ETH ($83.03 million) 9 hours ago, and transferred a total of 112,053 ETH ($300 million) to Bitfinex in a week, achieving a profit of $72.83 million. The whale withdrew 130,592 ETH ($264 million) from Bitfinex in 2023, with an average price of $2,026.
Pump.fun sold 48,000 SOL two hours ago, and has sold a total of 5.23 million SOL.
According to Lookonchain monitoring, Pump.fun sold 47,994 SOL ($5.83 million) two hours ago. To date, a total of 5,236,623 SOLs ($848 million) have been sold, with an average selling price of $162.
ZEC reaches all-time high, reaching as high as $1,697.45
OKX market data shows that ZEC exceeded US$1,600, reaching a record high of US$1,697.45. It is now trading at US$1,642.22, up 5.79% in 24 hours.
An early AAVE whale sold 30,000 AAVE at an average price of US$147 in the past two days.
According to Lookonchain monitoring, an early AAVE whale sold 30,000 AAVE at an average price of $147 in the past two days, worth approximately $4.41 million.
A certain whale made a profit of US$437,000 in 10 days after betting US$3,207 on PAID.