News Center

Odaily News: According to Lookonchain monitoring, a whale bought another 141,400 HYPE today, worth $11.88 million.

Odaily News: Iranian Foreign Ministry spokesman Baghaei stated that US military actions will further exacerbate the security crisis in the Strait of Hormuz. He noted that this is not the first time the US has committed such crimes, and Iran has responded decisively to every aggression. Continued naval blockades, economic warfare, and attacks on Iran's infrastructure will inevitably make the situation in the entire region, especially the Strait of Hormuz, more turbulent. He also accused some regional countries of reneging on their commitments and serving as a springboard for attacks on Larak Island, and Iran has carried out strikes on relevant targets. (Jin Shi)

Odaily News: On Sept. 1, Ethena launched its Pay app on Avalanche.

Odaily News: Iran stated that the current situation does not allow for the resumption of the memorandum of understanding signed with the United States, citing US violations of the agreement. (Jin Shi)

Odaily News: On Sept. 1, Hut8's Texas site holds long-term lease contracts valued at $19.6 billion, exceeding its latest quarterly revenue by more than 260 times. AI companies are competing for Hut8's power and data center resources.

Odaily News: Prediction market company Prospect Markets' wholly-owned indirect subsidiary Prospect Brokerage USA has signed a final agreement with OG Prediction Markets and Crypto.com's Derivatives North America (CDNA) to launch a sports-focused prediction market platform in the United States, targeting a launch in Q3 2026. Under the agreement, Prospect Brokerage will offer event contracts provided by CDNA to US users, with services facilitated through OG Broker, Crypto.com's CFTC-registered futures commission merchant. Prospect Markets stated that this partnership will drive the company's entry into the prediction market space and open new revenue streams. Data shows that monthly trading volume across major global prediction markets has grown from under $5 billion in September 2025 to approximately $25.7 billion in May 2026, and surpassed $50 billion in June; sports contracts account for about 85% of trading volume on leading platforms. Bernstein estimates that global prediction market trading volume will reach approximately $240 billion in 2026 and could exceed $1 trillion by 2030.

Odaily News: Crypto trader BonkGuy reviewed his past Meme coin trading experience, stating that in 2023, he used $16,000 as principal to trade BONK with 6x leverage, eventually growing the position to over $20 million. He then turned a $6,000 WIF position into approximately $1.4 million, and achieved multiple million-dollar gains through Meme coins such as Fartcoin, POPCAT, and PNUT.

However, BonkGuy said that most of the gains from the above trades were eventually lost in a '10/10' market.

Odaily News: Crypto trader BonkGuy stated that USELESS is currently his most favored token, and his current bullishness on USELESS even exceeds his sentiment when trading BONK at low levels in 2023.

BonkGuy recalled that he previously gained significant profits from meme coins such as BONK, WIF, Fartcoin, POPCAT, and PNUT, including turning $16,000 into over $20 million through 6x leveraged BONK trading, and growing a $6,000 WIF position to approximately $1.4 million. However, he also noted that these gains were later almost entirely wiped out during the "10/10" market conditions.

Regarding USELESS, BonkGuy believes that its market cap rising from about $4 million to $450 million last year was merely a "test run," and it was not a bull market environment at the time. He predicts that if USELESS experiences its first full bull market cycle, the price could see an even larger increase.

Odaily News: Machi Big Brother (Jeffrey Huang) posted on X platform, stating that he tried a new approach yesterday: launching a token while holding none of it himself, and he did not disclose the specific name of the token or subsequent arrangements.

Odaily News: According to reports, US Treasury Secretary Bessent recently urged Japan to raise interest rates to curb the continued depreciation of the yen. Analysts believe this highlights the vulnerability of traditional monetary policy to government and external factors. In contrast, Bitcoin's monetary policy is predetermined by code, with new coin issuance following a fixed schedule, halving approximately every four years, offering higher predictability. Bitcoin will still struggle to escape the impact of traditional financial markets in the short term. If Japan raises interest rates and drives a rapid appreciation of the yen, long-accumulated low-interest yen carry trades may be unwound, 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 side, BTC's 50-day moving average is rising and approaching a crossover above the 200-day moving average, potentially forming a "golden cross." Analysts note that moving averages are lagging indicators, and the golden cross as a standalone indicator has historically been unstable in its predictive performance.

Odaily News: AI-generated artist Kevin Ngo, after his account was hacked, reiterated the attack in a post, writing: "I was hacked, I don’t endorse any coin."

Possibly affected by this, according to GMGN data, the market cap of Meme coin fable has dropped below $500,000 again after a slight rebound, now at $454,700, down 22.82% in 5 minutes and 88.14% in 1 hour.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate cautiously.

Odaily News: According to GMGN market data, the market cap of the AI token on Robinhood Chain has surpassed $200 million, with a 24-hour increase of over 100%.

It is reported that AI was issued via Long.xyz, the issuance platform on the Robinhood Chain ecosystem, and is directly paired with NVDA, the tokenized stock of Nvidia.

Odaily reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.

Odaily News: Kevin Ngo posted on X, saying "I GOT HACKED." Following the announcement, the Robinhood Chain ecosystem Meme coin FABLE experienced a sharp decline, dropping over 90% in 2 minutes. Its market cap is now reported at $1.54 million, with a low of $760,000, and a 24-hour trading volume of $11.7 million.

Odaily News: Felix Pago announced the completion of a $200 million Series B funding round, consisting of $87 million in equity financing and $113 million in credit facility financing. Andreessen Horowitz (a16z) participated in the equity financing, while General Catalyst's Customer Value Fund provided the credit facility. Felix Pago is one of the stablecoin remittance networks in Latin America, primarily using WhatsApp as the front-end entry point and leveraging USDC and blockchain as the underlying settlement infrastructure to reduce the cost and shorten the settlement time of cross-border remittances from the United States to Mexico.