According to Ember’s monitoring, a whale who hoarded 30,654 ETH (worth about 88.43M) through revolving loans at an average price of 2,885 USDT began selling ETH on 9/7 and has basically completed the liquidation: 28,564 ETH (worth about 64.9 million USD) were sold at an average price of 2,272 USDT, realizing a loss of up to 17.51 ​​million USD. He has been buying ETH through revolving loans since December last year, and it has continued until July this year.

According to BlockBeats, on September 9, top trader Eugene shared his insights on social media regarding the recent six months of market volatility. He described this period as extremely harsh but ultimately constructive in the long term, as it has created conditions for large-scale contrarian positioning. Eugene noted that market participants have become accustomed to selling during price increases and trading within ranges, as doing otherwise often leads to endless back-and-forth trading or worse outcomes. He emphasized that when the majority decide to hold tokens again, no one will be prepared for what happens next. Those who blindly bought and held have faced significant losses, making such individuals rare in the current market. He mentioned that the spark for a trend change could be anything. While he did not claim that the market has reached its bottom, he expressed his willingness to make enough attempts, with stop-loss measures in place, to ensure he is among the first to capitalize when a significant upward movement eventually occurs. Eugene stated his readiness to make multiple attempts if necessary to achieve this goal.

According to Odaily, Whale Alert has reported that the USDC Treasury has minted an additional 50 million USDC. This development marks another significant increase in the supply of the stablecoin, which is pegged to the US dollar. The minting of new USDC tokens is a routine process that helps maintain liquidity and stability in the cryptocurrency market. The increase in supply is expected to support various financial activities, including trading, lending, and other blockchain-based transactions. The USDC Treasury's actions are closely monitored by the cryptocurrency community, as they can have significant implications for market dynamics and investor confidence.

The DOGS project updated the relevant information in the official telegram channel early this morning, saying that the airdrop update: more than 7 million people have received their on-chain airdrops, and nearly 120 billion tokens have been distributed on the chain so far, and the token distribution is about to end. Important deadlines: -The last time you choose the quick claim option is tomorrow at 8 pm UTC; -For those who are not in a hurry, you must confirm your airdrop claim before 8 pm UTC on September 18. The airdrop will be completed by September 26 (a full month after the end of TGE) for all those who choose the claim option. Don't miss it.

According to Lookonchain, multiple whales are hoarding SUNDOG. In the past 4 days, 3 new wallets have withdrawn 6.8 million SUNDOG (worth about $1.7 million) from MEXC. TEKzxy was created 4 days ago and has withdrawn 3.83 million SUNDOG (worth $957,000) from MEXC in the past 4 days. TGNrkv was created 4 days ago and withdrew 2.1 million SUNDOG (worth $525,000) from MEXC 12 hours ago. TPXvFH was created 4 days ago and withdrew 870,000 SUNDOG (worth $217,000) from MEXC.

null source: https://x.com/lookonchain/status/1832951567378788725

According to Whale Alert monitoring, USDC Treasury has once again minted 50 million additional USDC.

According to BlockBeats, on September 9, Fox News journalist Eleanor Terrett reported that U.S. Senate Majority Leader Chuck Schumer sent a letter to his Senate colleagues outlining bipartisan legislative priorities for the remaining months of Congress. Notably, the list did not include cryptocurrency legislation but highlighted artificial intelligence as one of the key priorities. This stance marks a significant shift from Schumer's previous statements at the Crypto4Harris town hall meeting, where he had emphasized that cryptocurrency legislation would be an urgent priority.

According to BlockBeats, on September 9, Fractal Bitcoin announced on its social media platform that PizzaSwap will be activated at block 21000. Once activated, users will be able to seamlessly exchange Fractal BRC-20 assets through PizzaSwap. In addition, Fractal will introduce a voting platform that will utilize OP_CAT, enabling Fractal holders to vote on key proposals. This initiative aims to ensure that the growth and development of Fractal remain community-driven.

Kalshi "has staked its future on this litigation and these markets," the prediction market platform said, pushing back against CFTC's emergency motion. source: https://www.coindesk.com/policy/2024/09/09/us-election-betting-delay-would-be-devastating-to-kalshi-firm-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Last Tuesday (September 3), Philippine Chinese female mayor Alice Guo (Guo Huaping) was arrested in Tangerang City, Greater Jakarta, Indonesia, and was later extradited back to the Philippines to face trial on Friday.

上周二（9月3日）菲律宾华人女市长Alice Guo（郭华萍）在印度尼西亚的大雅加达地区的丹格朗市被逮捕，随后于周五被引渡回菲律宾接受审判。

In response to the changes in the regulatory environment in Hong Kong and around the world, Hong Kong Cyberport held the "Web3 Connect: Hong Kong and the World" event on September 7 at CyberArena in the Cyberport Arcade.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry dynamics.

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