Bitcoin's 7-day average computing power exceeded 1 ZH/s, and transaction fees fell to a multi-year low.
the computing power of Bitcoin has reached an unprecedented level, with the 7-day moving average computing power exceeding 1 ZH/s (zetta hash per second) for the first time over the weekend. This milestone highlights the continued growth and resilience of the Bitcoin network, but at the same time, miners' profitability is being squeezed due to the rising mining difficulty and declining transaction fee income. According to network data, the sharp increase in computing power is expected to trigger a difficulty adjustment of over 7% in the next two days, further raising the computing threshold required to mine new blocks. Throughout the summer, as the peak electricity restriction period ends, computing power is gradually returning to the network, and mining difficulty is at a historical high. The increase in network computing power comes at a time when transaction fee income is at one of its weakest levels in recent years. In August, transaction fees accounted for less than 0.8% of the total block rewards, hitting a multi-year low.
The release time of some economic data in the United States this week has been adjusted, but the release time of non-farm payroll data remains unchanged.
due to the Labor Day holiday in the United States (September 1st), the release time of some economic data in the United States has been delayed. The U.S. weekly API and EIA crude oil inventory data will be released on September 4th (Thursday) at 04:30 and September 5th (Friday) at 00:00 respectively. The U.S. August "small non-farm" ADP employment numbers will be released on September 4th (Thursday) at 20:15, and the U.S. August non-farm employment data will still be released on September 5th (Friday) at 20:30. Investors are advised to take note.
WLFI disclosed that it had blacklisted a batch of wallets with lost private keys, preventing two hacker attacks from compromised end users.
the Trump family's project World Liberty Financial (WLFI) disclosed that it prevented two hacker attacks originating from end users being compromised (not WLFI vulnerabilities). The transaction shows that a wallet designated by WLFI had already blacklisted wallets identified as compromised (private key lost) before going online. These on-chain operations thwarted attempts to steal funds from the Lockbox. The team is assisting affected holders in regaining access.
Brevis and Linea reach strategic partnership, launching Linea Ignition long-term incentive program
ZK's full-chain data calculation and verification platform Brevis announced a strategic partnership with Linea. In the 10-week "Linea Ignition" growth plan officially launched by Linea, Brevis will provide zero-knowledge proof virtual machine Pico and coprocessor products, distributing a total of 1 billion LINEA tokens in the Etherex, Aave, and Euler protocols, achieving the world's first completely trustless on-chain liquidity incentive.
Polymarket's probability of Trump leaving office this year has dropped to 7%.
according to relevant page information, the probability of "Trump stepping down as president this year" on Polymarket is currently at 7%. Previously reported, Trump appeared on live camera at the White House press conference, dispelling speculation about his health. In the first half of today's White House press conference, live broadcasts from mainstream American media such as Fox News, NBC, CNBC, etc., showed the exterior of the White House and did not show Trump himself at the press conference. When responding to rumors of his death, Trump said, "Didn't see it."
A whale is suspected of liquidating 2,585 ETH, making a profit of $5.33 million
according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale recharged all 2,585 ETH accumulated over the past four months to Binance (about $11.32 million) 10 hours ago, suspected of conducting a liquidation operation. If sold, the return rate over four months is about 89%. With an entry price of $2,316 and a take-profit price of $4,378, the total accumulated profit from high selling and low buying over four months is $5.33 million.
Linea has approved the distribution of 4% of LINEA to liquidity providers participating in Linea Surge
Linea Association announced that Linea Association has approved the distribution of 4% of LINEA to liquidity providers participating in the LineaSurge activity. As the first step of distribution, SBT was issued to eligible wallets last Friday. More detailed information on converting these SBT to LINEA tokens will be announced through the official qualification check page.
Bridgewater Associates founder: The dollar's distressed debt situation indirectly drives up gold and cryptocurrency prices
the founder of Bridgewater Fund, wrote today about stablecoins and cryptocurrencies. His key points include:
A certain whale/institution continued to withdraw 483,000 PENDLE from Binance in the past hour.
according to on-chain analyst Yu Jin monitoring, whales/institutions have been continuously withdrawing and hoarding $PENDLE from Binance since the end of March, and in the past hour, they have withdrawn another 483,000 $PENDLE ($2.2 million) from Binance.
US spot Bitcoin ETFs saw a net inflow of $332.5 million yesterday
according to Trader T monitoring, the net inflow of the US spot Bitcoin ETF was $332.5 million yesterday.
SlowMist Cosine: Almost all of the stolen whale assets from Venus have been recovered, and the hacker lost approximately $3 million in attack costs.
SlowMist Yu Xian said in a post that "Venus big player @KuanSun1990's fishing incident has come to a 'satisfactory conclusion,' and the user has almost recovered all losses. The related hacker organization has thus incurred an attack cost of nearly $3 million."
A whale deposited 1,555 SOL into Hyperliquid and purchased HYPE tokens
according to Lookonchain monitoring, Whale address 5oMWCZ deposited 15,555 SOL into Hyperliquid (approximately $3.24 million), then sold it and purchased HYPE tokens. Currently, the address holds 352,913 HYPE tokens (approximately $15.77 million), with unrealized profits of about $1.5 million.
BTC falls below $111,000
the market shows that BTC has fallen below $111,000, now trading at $110,972.1, with a 24-hour increase of 1.61%. The market is volatile, so please manage your risks carefully.
A whale withdrew 5,100 ETH from OKX through an address 45 minutes ago.
according to on-chain analyst Yu Jin monitoring, the whale/institution that has been withdrawing a large amount of ETH from OKX since 8/29, has withdrawn 5,100 ETH (22.02 million USD) from OKX through an address 45 minutes ago.
Fosun will develop a token pegged to Hong Kong stock market performance and deploy it across multiple chains including Ethereum, Solana, Vault, and Sonic.
Wealth Technology Platform Xinglu Technology, a subsidiary of Fosun Wealth Holdings, has announced that it has jointly developed a full-process technical solution for Hong Kong Stock Performance-linked Tokens with FinChain, also incubated by Fosun Wealth Holdings. It has completed verification in the real business scenario of Fosun's Hong Kong-listed company, Furuil Medical, and has completed multi-chain deployment on the Ethereum, Solana, Vaulta (formerly EOS), and Sonic chains of the Sige Public Chain, becoming the first in Asia to have the ability to support multi-chain operations. A "Hong Kong Stock Performance-linked Token" technical solution.
500,000 ETH were withdrawn from trading platforms in the past week, equivalent to approximately $2.1 billion
the crypto analyst @ali_charts released on-chain data, stating that in the past week, 500,000 ETH were withdrawn from trading platforms, worth approximately $2.1 billion.
US spot Ethereum ETF saw a net outflow of $135.35 million yesterday
according to Trader T monitoring, the net outflow of US spot Ethereum ETF was 135.35 million US dollars yesterday.
DCG considers Hong Kong IPO to raise about $500 million
market news: Digital Currency Group DCG is considering a Hong Kong IPO, aiming to raise approximately $500 million.
Publicly listed company Autris acquires Bitcoin Finance to strengthen its BTC finance strategy
Panamanian listed company Autris has signed a term list to acquire a Bitcoin financial company to enhance its BTC financial strategy.
Cyvers Alerts: Attacker launches attack by updating Venus core fund pool controller to malicious contract address
the security monitoring platform Cyvers Alerts issued a latest warning: a security incident occurred on the BNB chain Venus protocol, with about $27 million in assets at risk. According to the report, the Venus core pool controller was tampered with to a malicious contract address, which then withdrew assets worth $27 million, including various tokens such as vUSDC and vETH.