Aave and EtherFi launch v3 EtherFi Instance, boosting liquidity and capabilities for weETH in an isolated market. - aavechan.notion.site
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NEW: 🟠 Bitfinex Securities celebrates its 3-year anniversary 🎉
They went from tokenizing its first security with Blockstream to launching the first fully tokenized bond with MIkro Kapital.
Bitfinex Securities now issues a new tokenised security every month!
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Bybit released the 14th proof of reserve (snapshot date September 4). The user's BTC assets are deposited at 49k, an increase of 2.15% from the last time (August 8), an increase of 1,033 BTC; the user's ETH assets are deposited at 352k, an increase of 3.07%; the user's USDT assets are deposited at 3.12 billion, a decrease of 1.47% from the last time. — link
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JUST IN: 🇯🇵 Japan's largest electricity company, Tokyo Electric Power, to use renewable energy to mine Bitcoin.
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Authorities raid Bangkok fintech exhibition, target unlicensed investment solicitation. - Nationthailand
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Binance released the 22nd proof of reserves (snapshot date September 1). The user's BTC assets are 605k, down 1.27% from the last time; the user's ETH assets are 4.486 million, down 4.58% from the last time, a decrease of 215k ETH; the user's USDT assets are 22.11 billion, up 4.34% from the last time, an increase of 919 million USDT. — link
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Snapshot X launches to enable gas-free onchain voting via Starknet — link | tl;dr
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According to Arkham, the suspected Ethereum Foundation address (0xd7...c1f4) sold 450 ETH for $1.0364 million DAI through Cow Protocol between 15:23 and 15:29 UTC+8 today, and then transferred all of it to other Ethereum Foundation addresses. — link
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Woo X introduces copy trading with a countertrade feature and improved profit sharing, aiming to address issues like misaligned incentives and unsustainable returns in traditional models. - Coindesk
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Unisat-backed Fractal Bitcoin goes live on mainnet, taps into BTC core code for scaling solution — link | tl;dr
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According to Spot On Chain, the multi-signature address marked by Arkham as controlled by Vitalik's wallet: 0xfE…03B2 has been selling ETH since receiving 3,800 ETH (about $9.99m) from Vitalik's related wallets on August 9 and 30. Currently, 760 ETH has been sold for 1.835 million USDC, with an average price of about $2,414. The most recent sale occurred on September 8 at 18:07 UTC+8. — link
Earlier, Vitalik stated that he had not "sold" ETH for personal benefit since 2018, and it was almost always donated to a charity or non-profit organization or other project, and then the recipient sold it because they needed to pay fees.
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Bitcoin spot ETFs had a net outflow of $706 million last week, and none of the 12 Bitcoin spot ETFs had a net inflow last week. Grayscale ETF GBTC had a weekly net outflow of $160 million, and Fidelity ETF FBTC had a weekly net outflow of $404 million. — link
Last week (September 3 to September 6, US Eastern Time), the Ethereum spot ETF had a net outflow of US$91.04 million last week. Grayscale ETF ETHE had a net outflow of US$111 million. — link
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Data shows that the Friend Tech team earned $52.4M through the protocol, and they transferred a total of 19,477 ETH to Coinbase. Jeffrey Huang has suffered at least $15 million in floating losses from buying FRIEND. From May 3 to June 8, he spent 4,975 ETH (about $15.6 million) to buy 8.6 million FRIEND at an average price of $1.81, and then continued to buy until the current 11 million FRIEND. — link
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Onchain trading activity has continued to taper lower with the rolling 7-day decentralized exchange (DEX) volumes for both Ethereum and Solana reaching levels last seen in February this year — link
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JUST IN: $725 billion asset manager Bernstein says if Donald Trump is re-elected president, Bitcoin may reach $90,000.
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JUST IN: 🟠 $725 billion Bernstein says if Trump is re-elected #Bitcoin may reach $90,000 by this year 👀
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Michael Saylor says #Bitcoin is going to $13 million on CNBC. - 𝕏/@BitcoinMagazine
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Digital asset investment products experienced significant outflows totalling $726m, matching the largest recorded outflow set in March this year.
Bitcoin saw outflows totalling $643m while Ethereum saw outflows totalling $98m — link
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Roundtable Discussion: Why is Ethereum's Price So Sluggish?
The guests discussed the current predicament of Ethereum from market sentiment, technical bottlenecks, L2 technology expansion, token economics, etc. The key to breaking the dilemma lies in the emergence of more innovative applications, especially those that can attract traditional Web2 users. Read more — link
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QCP: It seems the market is still anticipating some volatility heading into this week's events, specifically the Trump v Harris debate (10 Sep, 9pm ET) and CPI (11 Sep, 830am ET). Risk Reversals until October are still skewed towards Puts in both BTC and ETH. But some institutions take this opportunity to add to their bullish bets in Dec and Mar. — link
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Agile Energy X, a wholly owned subsidiary of Japanese power giant Tokyo Electric Power, is trying to use renewable energy to mine Bitcoin and install Bitcoin mining machines near solar power plants. It estimates that in the future, up to $2.5 billion of BTC can be generated in Japan each year. — link
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Nick Drakon, CEO of crypto research platform @ReveloIntel, has stepped down after being held at gunpoint and forced to transfer personal, company, and investor funds, describing the incident as a robbery by a "highly sophisticated group." - 𝕏/@NickDrakon
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Fractal Bitcoin, backed by Unisat, goes live on mainnet with a scaling solution built on Bitcoin's core codebase, led by core contributors Unisat and Block Space Force. - The Block
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The Week Ahead: Sept:
Macro:
⊷ Apple Event [iPhone 16 & AI] on Sept. 9
⊷ Trump VS Harris debate Sept. 10 on ABC News [9PM ET]
⊷ U.S. CPI on 11
⊷ U.S Anniversary of 9/11 attacks
⊷ ECB Interest Rate Decision on 12
⊷ U.S. Jobless Claims and PPI on 12
Crypto:
⊷ Coinbase CEO [Brian] will speak at the Goldman Sachs Communacopia & Technology Conference on 10 [at 1:10 pm ET]
⊷ SEC vs. Binance, SEC’s motion for leave to amend the complaint is due by 12 [SEC intends to amend its complaint against Binance, including with respect to the 'Third Party Crypto Asset Securities, This likely means that the Judge won't have to decide whether tokens such as Solana are unregistered securities or not just yet]: @infinityhedge
Token Unlocks: $400M
⊷ APT: $68M: 2.3% on 11
⊷ STRK: $27M: 3.6% on 15
⊷ XAI: $6.5M: 6.3% on 9
Earnings/Charts/Articles ⬎
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Farcaster's new users have fallen into a low growth phase, from a daily peak of about 15,000 in early February to about 650 at present. Farcaster's DAU has dropped from a peak of 100k in early July to 60k, a decline of about 40%. The number of posts and interactions has dropped by more than 60% from the peak, according to @filippoarman dune. — link
In May this year, Farcaster completed a $150 million Series A financing, with a valuation of $1 billion, led by Paradigm. Farcaster is also a decentralized social network advocated by Vitalik.
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Events that may cause macro market fluctuations this week include: Apple's new product launch, the US release of August CPI, Harris and Trump debate on ABC News, and the US release of the September University of Michigan Consumer Confidence Index. — link
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