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Trust Wallet announced that it will stop built-in support for 25 networks on September 15. The affected assets will not disappear from the chain, but the original network entries in the wallet will disappear, and users may need to manually add RPCs to continue viewing and operating them. This situation illustrates that wallet support for a chain does not mean the wallet "owns" the assets on that chain. Wallets are usually just a combination of key managers, RPC clients, and transaction signing interfaces. Balances are recorded on blockchain nodes. Wallets read balances and transaction history through RPC requests and then sign transactions with local keys. When a wallet stops displaying a network, it changes the access path, not the on-chain state. The real trouble lies in RPC configuration. If any of the network name, Chain ID, native token symbol, or RPC address is entered incorrectly, the wallet may connect to the wrong network or display incorrect balances and transaction information. When manually adding a network, parameters should not be copied directly from group chats; they should be verified from official project documentation or trusted chain registration information. For staking, delegation, and contract assets, it is also necessary to confirm that the new wallet supports the corresponding transaction types before migration. Simply importing recovery phrases and seeing the address appear does not mean all functions will work properly. After recovery, further checks on assets, staking, delegation, and transaction records are needed. A wallet is more like an operational interface to access the blockchain, not the asset itself. To evaluate a wallet's long-term usability, besides looking at how many chains it supports, you also need to see whether it allows users to securely export keys #BessentCapitalRelief doesn't automatically mean cheaper money. Bessent wants smaller banks lending more to businesses, which could boost equipment, factories and tech investment.
But if easier credit lifts demand faster than supply, inflation stays sticky and today's 4.75% 10-year yield could remain painful.
That's the paradox: more credit may strengthen growth while delaying lower rates. The real test isn't how much banks lend. It's whether those loans expand productive capacity faster Conclusion first: The correction is not over yet. This current wave of decline is the result of multiple negative factors resonating together, and there is still room for short-term downside. But after the drop is fully absorbed, the real main upward wave will start in mid to late September, with targets looking to break through $80,000 and even higher.
A correction is not a reason for panic; it is a necessary path to accumulate energy for the next main upward wave. The deeper the drop, the higher the rebound—provided you can endure this toughest bottoming period.
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1. Market Status: A Nightfall Back to the Starting Point
Due to the escalation of military conflict between the US and Iran, Bitcoin plunged straight down from the intraday high of $79,166 on September 2, breaking below the $77,000 mark, hitting a low of $76,762, with a 24-hour drop of about 2.4%. Ethereum simultaneously lost the $2,400 level.
This is not a simple technical correction. In the past 24 hours, the total liquidation across the network reached $315 million, with long liquidations at $251 million and shorts only $64.81 million. Bitcoin longs alone were forcibly liquidated for $84.79 million. In other words, the market is selectively clearing leveraged long positions.
Bitcoin prices in South Korea have dropped to 106 million KRW (approximately $77,000).
2. Why Will It Still Drop? Triple Pressure Has Not Cleared
First: Geopolitical pressure continues. After mutual military strikes between the US and Iran, Trump publicly stated he would "hit Iran harder," raising the risk of further escalation in the Middle East. Geopolitical uncertainty suppresses risk appetite, and funds will not massively return in the short term.
Second: Interest rate hike expectations still loom. After Fed Chair Powell delivered a hawkish signal at the Jackson Hole meeting, CME FedWatch shows the probability of a September rate hike has surged to 66.4%, and the 10-year US Treasury yield rose to 4.73%. High interest rate expectations mean the valuation anchor for risk assets remains tight. On Polymarket, the rate hike probability also stays near 55.5%.
Third: On-chain supply pressure is accumulating. Binance's Bitcoin reserves have climbed to the highest level in six months. The average outflow from miners to exchanges surged 564% week-over-week—miner selling is the most direct signal of supply pressure. Net inflows from miners after the halving have reached a near one-year high. These chips need time to be absorbed.
3. Technical Analysis: There Is Still Room Below
Bitcoin has broken below the psychological $77,500 level, with short-term support around the $76,000–$76,900 range. If this level fails, the next important technical support is in the $73,000–$74,000 range.
This is not alarmist—some technical analysts even see the monthly head and shoulders pattern target as low as $29,000 (which is an extreme bearish scenario). A more realistic judgment is that this correction needs sufficient turnover in the $73,000–$76,000 range to complete the bottom formation.
4. Why Is the Main Upward Wave Coming After the Drop?
First, the September 15 FOMC meeting is the core turning point. Bitmine Chairman Tom Lee clearly pointed out that if the Fed holds rates steady in September, the stock and crypto markets will see a "very strong" rebound. The market has already priced in a significant rate hike expectation; if no hike occurs, it will be a classic "expectation gap" trigger.
Second, multiple catalysts are intensively stacking. The CLARITY Act vote is expected in mid-September; Korean investors are withdrawing from AI stocks and re-entering crypto assets; Tom Lee believes the four-year crypto cycle will bottom in the coming weeks. He judges that Bitcoin's recent rise is only the "first phase," and institutional allocation will significantly strengthen in Q4, with ETH and BTC being the assets with the strongest FOMO effect before year-end.
Third, the market is healthier after leverage clearing. The $315 million liquidation has cleaned out high-leverage longs, resulting in a more dispersed chip structure. Once marginal easing signals appear in the macro environment, short covering combined with new capital inflows often leads to a very strong rebound.
5. Rhythm Forecast
· Short term (this week): Continue to oscillate and probe the bottom in the $73,000–$77,000 range, with geopolitical risks and rate hike expectations suppressing rebound space
· Medium term (mid to late September): The FOMC meeting is a turning window; if no rate hike occurs, Bitcoin is expected to retake $80,000
· Target levels: After effectively breaking through $80,000, the next targets are $85,000 and then $90,000
$ETH $BTC $SOL "The Truth Behind Bitcoin's 77,000 Crash: It's Not War, It's Leverage Squeeze"
Brothers, have you been sleeping well these past couple of days?
Bitcoin plunged from a high of $81,500 straight down to $77,000, with a low wick at $76,762. Over $400 million in long leverage positions were wiped out. The entire network is wailing.
The news says — "US-Iran war breaks out, Bitcoin crashes." If it were that simple, you'd be seriously underestimating this market.
1. The fuse is real, but the bomb was planted long ago
On September 1, the US military airstruck Revolutionary Guard targets near the Strait of Hormuz in Iran. Iran retaliated with missile strikes on US bases in Jordan. Brent crude surged to $94 a barrel, and the 10-year US Treasury yield shot up to 4.75%.
On the surface, geopolitical war scared off safe-haven funds. Bitcoin, as a "risk asset," was sold off — the logic seems sound. But this is not the whole truth.
Before the weekend conflict broke out, Federal Reserve Chair Wash had already dropped a bomb at Jackson Hole — if inflation doesn't return to 2%, further rate hikes are possible. The market instantly pushed the September rate hike probability from 35% to over 60%.
A contract trader told me: "When oil prices rise, inflation expectations go up, and the chance of rate hikes increases. Rate hikes = stronger dollar = risk assets get drained. This is a damn death loop."
$ETH $BTC $SOL #非农前数据分化，9月加息预期升温 #BTC高位震荡，与黄金联动增强 #财报观察员：博通与戴尔接棒，AI回报再受检验 THE MARKET IS CORRECTING — NOT COLLAPSING
$BTC has pulled back toward $77K after August’s rally, while $ETH trades near $2.45K. Rising yields, oil prices and higher September Fed hike odds are pressuring risk assets.
But the broader trend hasn’t broken. Bitcoin ETFs attracted roughly $3B in August before the recent outflow streak.
This could be a reset, not a reversal. If capital returns, $BTC may stabilize first, $ETH could follow, and altcoins may become the next rotation. ETF MONEY IS STILL FLOWING — SO WHY ARE $BTC AND $ETH CORRECTING?
ETF demand remains constructive, but short-term pressure is building. $BTC is around $77.8K and $ETH near $2.45K.
Profit-taking, rising Treasury yields, higher oil prices, inflation fears, and stronger Fed hike expectations are weighing on risk assets.
The key: ETF flows signal structural demand, while macro, liquidity and leverage drive short-term volatility. A correction doesn’t necessarily mean capital is leaving crypto. Intraday: From a macro perspective, why is the crypto market under pressure today along with risk assets?
The crypto market's decline today is not necessarily just a problem within the crypto space itself.
Many people see $BTC, $ETH, and $BNB all falling simultaneously and their first reaction is "the market is weakening."
But if you broaden your view, you'll find that the real variable affecting risk assets today may come from the macro market.
Currently, the market has raised expectations for a Fed rate hike in September again, while the US dollar is strengthening and US Treasury yields are rising, putting overall pressure on risk assets.
In this environment, although BTC is often called "digital gold," its short-term trading logic is still highly influenced by global liquidity.
ETH's issues are even more apparent.
ETH is not only a crypto asset but also a crucial infrastructure for the entire on-chain economy. When funding costs rise and risk appetite declines, ETH's valuation faces a double impact.
BNB can serve as another observation window.
If after macro pressure emerges, BTC only experiences a slight pullback while BNB remains relatively stable, it indicates that funds are still willing to stay in top-tier crypto assets.
So today, rather than asking "Is this a bear market?" it's better to ask:
Is global liquidity tightening, or is this just a short-term repricing?
These two answers have completely different implications for the market over the next month.
#非农前数据分化，9月加息预期升温 $BTC is looking a bit grim, opening at 77,508 USD, down 1.35% in 24 hours.
The key 77,000 level was lost overnight,
with renewed conflict as the direct trigger.
Crude oil was pulled up, US stocks and crypto sectors fell together,
USD rebounded, US bond yields hit new highs,
costs for off-exchange money are rising again.
Sentiment, however, remains in the greed zone,
Fear & Greed Index stuck at 63, price falls but sentiment doesn't,
such a wide scissors gap usually means it's not a one-sided move.
Next step is to watch if 77,000 can hold,
if it holds, there's room for a rebound,
if lost, it will return to oscillate around 76,000. US-Iran conflict reignites, shaking the crypto market—are you ready?
A gunshot in the Strait of Hormuz instantly rewrites the global capital market script. On September 2, the US-Iran military conflict escalated sharply; Bitcoin briefly fell below $77,000, hitting a low of $76,762; Ethereum simultaneously dropped below $2,400. Within just one hour, over $115 million in long crypto positions were forcibly liquidated.
This is not the textbook "safe-haven rally." The real transmission chain is: gunfire → oil price surge → rising inflation expectations → soaring probability of rate hikes → pressure on interest-free assets. Brent crude surged 4.6% to $94.65 in response, and market bets on a Fed rate hike in September soared above 57%. As an interest-free asset, Bitcoin is the first to bear the brunt of rate hike expectations.
The war has lasted six months, and the market has long been desensitized to the news of "fighting again." What truly gets priced in is whether the conflict can keep oil prices soaring, forcing the Fed not to cut rates or even to raise them. In a rate hike cycle, war is a friend to oil but an enemy to interest-free assets.
Geopolitical fractures are rewriting the pricing logic of the crypto market. Volatility is opportunity—will you watch from the sidelines or position yourself?Broadcom and Dell take over earnings reports, AI trading finally moves from "impressive orders" to "profitability looks ugly or not"
Dell's AI server orders are strong, and Broadcom also has to address growth issues with custom chips and VMware AI. But the market is much more picky than in the first half of the year; just saying demand is strong is no longer enough. It wants to see gross margin, backlog, customer concentration, and whether these orders will ultimately bring in real money.
I think the most dangerous illusion in AI infrastructure is equating revenue growth automatically with shareholder returns.
Selling more servers does not mean good profits; getting chips into major customer supply chains does not mean pricing power is in your hands. AI is still expanding, but the secondary market has already started asking that disappointing question: who will ultimately foot the bill for this meal?
#财报观察员：博通与戴尔接棒，AI回报再受检验 How does AI pay on behalf of people?
When AI evolves from a chat tool to an agent that can book your flights and buy computing power, traditional payment methods get stuck. AI lacks identity authentication, and stablecoins could become the new favorite for AI payments.
Currently, there are four major camps exploring AI payments globally:
Stripe as an infrastructure platform, stablecoin players like Circle and Coinbase, traditional card organizations like Visa and Mastercard, and AI platform companies like Google and OpenAI.
The competition among these four types of players is a battle between old and new clearing networks for the bookkeeping rights in the future machine world.
Traditional banking networks are designed for human identity KYC and credit card authentication. Facing micro, high-frequency, 7×24-hour automated API calls between machines, compliance and costs become extremely challenging. Stablecoins, which Circle and Coinbase are betting on, are naturally pure code settlements, enabling second-level clearing between machines.
The future direction will definitely not be monopolized by any single party but will be a combination of decentralized underlying layers plus traditional compliance packaging. Google and OpenAI control the AI entry points, Stripe and card organizations hold vast compliance and risk control systems, while cryptocurrencies provide efficient underlying clearing.
The likely endgame is that humans allocate an encrypted budget pool for AI, with AI platforms initiating commands on the front end, Stripe-like entities performing compliance filtering on the back end, and at the lowest level, machines settle microtransactions directly with stablecoins. Two networks run in parallel: machines manage machines, humans manage risk control The market is accustomed to labeling Solana as "highly centralized" while worshipping BTC and ETH as "decentralized deities." But the reality is strikingly clear. BTC/ETH: The excessive concentration of computing power and staking rights means that whether it's Foundry+AntPool (Bitcoin mining pools) or Lido+Coinbase (Ethereum staking), just 3 entities colluding or subject to a single regulatory directive can reach the control threshold. Solana: Due to its unique infrastructure and validator mechanism, truly reaching the control critical point requires 19 entities. In terms of resistance to collusion at the consensus layer, Solana actually surpasses the former two by several orders of magnitude. ETH LST (liquid staking) premium and risk control: Although Ethereum staking yields are stable, the concentration of leading protocols like Lido (stETH) remains the biggest concern for institutional capital entry. In OKX options and futures markets, the tail risk hedging demand for ETH is significantly higher than for SOL, reflecting the market's implicit premium for "3-entity control + regulatory scrutiny." Whenever mainstream cloud providers like AWS experience service fluctuations or outage rumors, the volatility of ETH/SOL trading pairs spikes sharply. Solana's characteristic of having 19 entities distributed across independent data centers demonstrates strong trading resilience against "physical-level black swan" events like cloud service outages. BTC: 63% of nodes run on the Tor network BTC and gold are fluctuating together, but don't rush to package it as a "digital gold victory"
Gold buying is mostly slow money, central banks, ETFs, allocation accounts, which can wait after buying. BTC also has long-term funds, but short-term leverage and options funds are too active, and once volatility amplifies, these people are often the first to run
So I don't like simply saying gold is strong, so BTC should be strong too. Both now share common anxieties: fiscal, inflation, monetary credit, but the nature of the funds is completely different
If this round of correlation comes from "devaluation trades," BTC will be more like a highly elastic expression; if it comes from panic, BTC may be sold off first as a risk asset. They seem to be on the same path, but when pressure really hits, you know who the true companions are
#BTC高位震荡，与黄金联动增强 This week's employment data is like a cold light, shining on whether the Fed is really tough or not
JOLTS, ADP, and non-farm payrolls are all clustered together, making it hard for the market to keep trading based on just one phrase: "inflation risk." If employment clearly cools down, the September rate hike expectations will be pulled back; if employment holds up, risk assets will have to accept a more expensive money environment again
BTC feels the worst at times like this. It’s not afraid of bad news itself, but fears the macro narrative changing every day—today it’s inflation, tomorrow it’s employment, with leveraged funds caught in the middle being tossed around
Right now, I want to see if the data points will conflict with each other. Because what really torments the market is often not a wrong direction, but that every direction can find a reason
#非农前数据分化，9月加息预期升温 $BTC 再次跌破 $78K，$ETH 回落至 $2,450 附近，$SOL 也重新测试 $102 一线。 从近期高点来看： 🟠 $BTC：约 $82.3K 🔵 $ETH：约 $2.58K 🟣 $SOL：约 $112 这意味着，8月那轮快速拉升很可能已经进入回撤阶段。 更值得关注的是，宏观环境正在变得更加不利。 美国与伊朗局势升级推动油价上涨，同时美债收益率走高，市场对美联储9月加息的预期明显升温。风险资产因此承压，BTC 和 ETH 也难以独善其身。 ETF 方面也出现分化：BTC ETF此前结束了连续9个交易日的资金流入，而与此同时，Solana 等新兴加密 ETF 仍能吸引部分资金，说明机构资金并没有完全离场，而是在不同资产之间重新配置。 📉 我的关键观察区间： BTC 如果失守 $75K，下一步可能测试 $70K–$68K。 如果这一带仍无法形成有效支撑，那么更深一层的回调目标可能落在 $64K–$62K。 但这并不意味着 $62K 一定就是本轮周期底部。 现在最重要的不是猜最低点，而是观察： 价格下跌 + ETF资金流 + 宏观流动性 + 美债收益率 是否同时转弱。 过去24小时，加密市场重新被宏观变量接管。 BTC、ETH、SOL同步回落，但稳定币没有明显流出，ETH质押需求仍然强劲，Solana短周期链上活动甚至有所恢复。与此同时，UNI逆势大涨，SOL ETF初步数据仍保持净流入。 所以今天更值得关注的并不是“市场又跌了”，而是： 宏观压力正在压低整体风险偏好，但资金并没有全面撤退，而是在少数资产和叙事之间重新分配。 📉 主流币重新承压，但还没有进入恐慌 截至9月2日09:32 HKT： BTC：$77,106｜24h -1.65%
ETH：$2,408.02｜-2.11%
SOL：$99.57｜-3.24% CoinGecko去重口径下，加密总市值约 $2.693万亿，24h -1.53%，BTC市占率约57.53%。 恐惧与贪婪指数则从昨天的69降至： 63｜贪婪 这组数据体现出一个比较典型的风险降温结构：BTC跌幅最小，ETH次之，SOL这样的高Beta资产调整更明显。 但情绪指数仍然处于贪婪区间，意味着市场远没有进入恐慌性抛售。 最新可复核的爆仓快照约为 $3.09亿，并且多头去杠杆更明显。不过该数据并非09:33 HKT的实时截点THE MARKET IS CORRECTING — NOT COLLAPSING
$BTC has pulled back toward $77K after August’s rally, while $ETH trades near $2.45K. Rising yields, oil prices and higher September Fed hike odds are pressuring risk assets.
But the broader trend hasn’t broken. Bitcoin ETFs attracted roughly $3B in August before the recent outflow streak.
This could be a reset, not a reversal. If capital returns, $BTC may stabilize first, $ETH could follow, and altcoins may become the next rotation. On September 1st, Apple celebrated a truly memorable day: Tim Cook's 15-year tenure as CEO officially came to an end, with John Ternus, head of hardware business, taking over on the same day. In this era of AI fever, the core challenge Ternus faces after taking office is unsurprising—how to lead this hardware-driven consumer electronics giant to reestablish its competitive edge in the AI era. 1. The lukewarm Apple was suddenly "snatched up" by OpenAI In this wave of AI, Apple's market has been steady—not lagging behind, but far from being the main player. However, the latest news may have reopened for Apple to enter the AI table: OpenAI has purchased tens of thousands of screenless, keyboardless Mac mini and Mac Studio units for reinforcement learning training and the development of AI agents for "computer operation"; Anthropic is also renting Mac computing power on a large scale through AWS. Why are AI companies eyeing Macs so fast? The answer lies in Apple's chip architecture. Apple's chips use a unified memory architecture, allowing them to directly load tens or even hundreds of billions of parameters of quantitative models—without having to transfer data back and forth between memory and memory like NVIDIA GPUs do. For those running large models, the cost is not just time, but real financial costs. 2. The financial report has already begun: Mac has become Apple's fastest-growing hardware The influx of enterprise-level demand is directly reflected in the financial statements. Mac's latest quarterBTC fell below 77,000, the overall market plunged into widespread panic selling, and the vast majority of coins were sold off along with the market. However, $UNI (Uniswap) showed a completely independent trend, rising sharply by 10.37%, with its price breaking through $5.9, standing out prominently amid the downtrend. Many people's first reaction might be to think this is just short-term speculative pumping by traders, but UNI's strength in this round stems from structural changes at the business level, not merely emotion-driven. The core driving force behind this rally comes from Robinhood Chain, where on-chain tokenized stock RWA trading has exploded, making Uniswap the main DEX platform on this chain. Single-day tokenized stock trading reached $130 million, with trading volume soaring nearly 10 times in just one month. A large influx of tokenized stock trading has poured into Uniswap, directly bringing considerable fee revenue to the protocol. After the Uniswap v4 fee switch officially turned on on July 27, Robinhood Chain quickly became the core source of Uniswap's fee income. Real business revenue continues to grow, and the market has begun to revalue UNI. During the market panic and decline phase, capital does not only have the option to flee entirely. Some funds have withdrawn from speculative assets and shifted to DeFi leaders with real cash flow. UNI's counter-trend rally is the result of capital rotation in a panic environment. However, this independent trend cannot completely detach from the overall market environment. If market panic further spreads, UNI will also be dragged down by the broader market. The US and Iran are clashing again, and this time what the US stock market really fears is the oil price.
The US has just launched a new round of airstrikes against Iran, targeting air defenses, radar, maritime facilities, and mine-laying capabilities; Iran then retaliated against US military targets in Jordan, Bahrain, and other locations. What's more troublesome is that shipping through the Strait of Hormuz remains severely restricted, and before the conflict, about 20% of the world's oil supply passed through here.
The market has already started to react: Brent crude $BZ rose 4.6% in one day to $94.65, WTI rose 5.2% to $90.22, and today it continues to climb.
Why does this hurt tech stocks? Oil price rises → inflation pressure returns → the Fed finds it harder to ease → US Treasury yields rise → high-valuation tech stocks get hit first. Yesterday, $SPX fell 0.71%, the Nasdaq dropped 1.03%, while energy stocks were among the few sectors that rose.
More importantly for investors is whether the Strait of Hormuz can return to normal and whether oil prices will break $100. If the conflict escalates, the higher the oil price, the harder it will be for AI tech stocks.
#美伊再交火、油轮遇阻，布油重返90美元 $BTC BTC and gold are moving along the same path — a currency devaluation trade, but both are simultaneously held back by interest rate hike expectations.
The 90-day correlation between BTC and gold has risen to over 50%, a significant increase from near zero at the beginning of the year; correlation with the Nasdaq 100 has dropped from over 60% to about 33%. The "currency devaluation trade" is becoming a shared narrative for BTC and gold.
ETF buying has indeed cooled down. From August 17 to 27, there was a cumulative net inflow of about $3.04 billion over 9 consecutive trading days, but on August 28, it turned into a single-day net outflow of about $202 million, ending the continuous inflows. However, the overall net inflow last week was still $924.5 million, and the cumulative inflow in August exceeded $3 billion. CryptoQuant analysts pointed out that on-chain Bitcoin retail activity reached the highest point in the past two years, with investor demand increasing by 17.4% over the past 30 days. Non-yielding assets as a whole are suppressed by interest rate hike expectations, and the safe-haven logic has not uniquely benefited crypto assets.
The core logic driving this round of pullback is Waller's hawkish speech at Jackson Hole, with the probability of a September rate hike jumping from 35% to nearly 60%. The escalation of US-Iran conflict and oil prices soaring to $91 further reinforce inflation stickiness and tightening expectations.
The trend is on the bulls' side, but the short-term pullback is not over yet, so don't rush to bottom-fish. $BTC $XAU @OKX星球 ETF MONEY IS STILL FLOWING — SO WHY ARE $BTC AND $ETH CORRECTING?
ETF demand remains constructive, but short-term pressure is building. $BTC is around $77.8K and $ETH near $2.45K.
Profit-taking, rising Treasury yields, higher oil prices, inflation fears, and stronger Fed hike expectations are weighing on risk assets.
The key: ETF flows signal structural demand, while macro, liquidity and leverage drive short-term volatility. A correction doesn’t necessarily mean capital is leaving crypto. ETF MONEY IS STILL FLOWING — SO WHY ARE $BTC AND $ETH CORRECTING?
ETF demand remains constructive, but short-term pressure is building. $BTC is around $77.8K and $ETH near $2.45K.
Profit-taking, rising Treasury yields, higher oil prices, inflation fears, and stronger Fed hike expectations are weighing on risk assets.
The key: ETF flows signal structural demand, while macro, liquidity and leverage drive short-term volatility. A correction doesn’t necessarily mean capital is leaving crypto. Yushi Technology falls below ¥550, halving from the peak of ¥1100 on the first day of listing
On September 2, according to Bitget market data, Yushi Technology fell below ¥550 during intraday trading, down nearly 50% from the intraday high of ¥1100 on its first day of listing, with a current market value of approximately ¥222.4 billion.
Yushi Technology is a well-known Chinese legged robot company, with products including robotic dogs and other humanoid and bionic robots, attracting significant attention in both domestic and international markets. After its launch on the crypto trading platform, its asset price once surged sharply driven by sentiment, reaching an intraday high of ¥1100 on the first day of listing, then entering a continuous correction channel. The current price has fallen below ¥550, with a cumulative retracement of about 50%, and the market value has simultaneously shrunk to around ¥222.4 billion.
This trend reflects a rapid retreat of short-term speculative funds, with the market's valuation expectations for this asset undergoing a strong correction. For newly listed tech assets on trading platforms, due to potentially limited circulating supply, prices are prone to excessive volatility driven by sentiment, forming a typical "surge and halve" pattern. Fundamentally, Yushi Technology has actual business operations and technical accumulation, but its trading price is more influenced by market supply and demand, capital sentiment, and liquidity, with limited correlation to the company's short-term operational performance.
It is worth noting that the price volatility of this asset has not triggered chain reactions in other markets; mainstream cryptocurrencies and traditional financial assets have remained relatively stable, indicating that this event remains isolated to a single target. The price discovery process of such assets is often full of uncertainty, and investors participating in#财报观察员: Broadcom and Dell take over, AI returns are tested again
$CORE brothers, hit follow, don’t get lost!
I see many people actively selling because of this, feeling very frustrated.
Clearly, it’s not coin theft, not a bridge hack, and no money was lost, yet just because the official said "reward anomaly," didn’t disclose specific numbers, and didn’t promise to recover, everyone panicked and cut losses. To be clear, what’s causing panic isn’t the bug itself, but the lack of transparency— the less they say about how much was overissued, the more the market imagines the worst, the selling pressure grows, and eventually the price really crashes.
What’s more frustrating is that this kind of "silent kill" hurts retail investors the most. Institutions and whales have information channels and community connections to get insider news, while ordinary holders can only watch announcements and get a response of "coordinating." By the time you’ve sold out in panic, the report comes out saying "the overissued amount is minimal + has been recovered," and the price bounces back— a typical emotional sell-off, not a value sell-off.
But on the other hand, whether others sell is their choice; you decide your own position. If your cost is low and your position isn’t large, there’s no need to run with the panic sellers; if your position is heavy enough to lose sleep, reducing some to protect your mindset is reasonable. Don’t panic just because others do, and don’t hold on stubbornly just because "it’s not coin theft"— the key is how much drawdown you can bear. Wait for the post-mortem, wait for the hard fork to land, wait for the three numbers (overissued amount / whether recovered / how 2.1B is secured). Until then, in this bottoming market, the least valuable thing is emotional trades $CRV is worth keeping an eye on as this bull market gets heated..
as it’s obvious that the stablecoin market will keep getting more crowded, and every new stablecoin needs deep liquidity before people can actually use it..
so on Curve, projects compete for gauge votes to direct CRV incentives toward their pools.
so more stablecoins should mean more competition for votes and more CRV being locked.
then there is crvUSD and Llamalend capturing the borrowing side too.
#NFPTestsSeptHikeOdds From August 31 to September 1, SanDisk experienced a full roller coaster ride over two trading days. Several factors came together behind this.
On August 31, SanDisk hit an intraday low of $1,449.50, then suddenly surged sharply near the close, finishing at $1,566.70, up 5.5%. This had nothing to do with fundamentals—no new orders, no technological breakthroughs, and the storage sector overall was flat that evening. It was due to the MSCI quarterly rebalancing taking effect after the close on August 31, officially including SanDisk in the MSCI Global Index. Passive funds tracking the index had to complete their allocations before the effective date. A large volume of buy orders flooded in during the last few minutes, forcibly pulling the falling stock price into the green. SanDisk was one of the largest weighted inclusions this time.
On September 1 before the market opened, the storage sector collectively plunged, giving back all the gains from the previous day. The storage chip sector fell broadly pre-market, with SanDisk down nearly 3%, while the 10-year US Treasury yield surged to its highest level since January 2025. The macro environment was very unfavorable for tech growth stocks. The market opened at $1,526.53, hitting an intraday low of $1,513.00. But in the afternoon, there was a V-shaped reversal, with intraday gains expanding up to 2.5%. The rebound was supported by two solid pieces of news: first, TrendForce data showed SanDisk’s Q2 enterprise SSD revenue reached $2.98 billion, a quarter-on-quarter surge of 102.9%, with large-capacity QLC products entering a phase of scale expansion; second, although ChangXin Memory’s HBM3E posed competitive pressure, it also indirectly confirmed the strong demand for AI storage. $SNDK Why are exchange platform tokens the most stable business in crypto?
Take OKB as an example. Its revenue is tied to exchange trading volume, providing stable cash flow even in a bear market. The burn mechanism continuously deflates the supply, with over 70 million OKB tokens burned cumulatively. Ecosystem uses include fee discounts, Jumpstart token sales, and OKTC chain gas fees. Compared to other sectors, DeFi tokens suffer from severe inflation and volatile income, L1s rely on narratives with limited actual revenue, while platform tokens have real profits supporting a relatively reasonable valuation.
Is OKB at $109 expensive? It depends on how you define expensive. Anthropic secretly submitted its S-1 draft on June 1, with Morgan Stanley, Goldman Sachs, and JPMorgan Chase serving as lead underwriters. The most recent funding round was the Series H on May 28, with a post-money valuation of $965 billion; according to the Financial Times on August 13, investors are targeting an October IPO with a valuation of $2 trillion or more. If achieved, this would surpass SpaceX's $1.77 trillion issuance on June 1 this year, becoming the largest IPO in history. Prediction markets estimate about a 70% probability of completing the IPO before the end of October, about 88% before the end of November, with a low probability in September. A trillion-dollar scale tech stock IPO would reprice the entire risk asset curve, and artificial intelligence and crypto have been competing for the same incremental capital over the past two years. #就业数据密集公布，沃什政策立场受检验 1. The Middle East tensions have amplified this round of decline, but they are not the root cause; the root cause is the Fed's hawkish stance and rising expectations of rate hikes. The Middle East indirectly negatively impacts the crypto space by pushing up inflation expectations through oil prices.
2. At the current stage, Bitcoin behaves more like a risk asset; during geopolitical crises, do not expect it to act as a safe haven in the short term.
3. Key levels to watch: BTC 76385 low, ETH 2382 low; distinguish between momentary spikes and effective breaks of the candlestick body.李飞飞World Labs发布Atlas世界模型，从照片生成3D场景并精确控制虚拟镜头
李飞飞创办的World Labs发布Atlas，称其为全球首个能精确控制镜头生成图像和视频、同时完成3D重建的多模态世界模型。用户只需提供一到几张照片并指定镜头路线，模型即可补出未拍摄的空间，生成最高1分钟、1440p的视频，并输出深度和完整3D场景。该模型目前仅向部分合作伙伴开放。
Atlas的核心突破在于将3D重建与生成式AI深度融合。传统视频模型依赖文字或图像生成像素，镜头运动常通过自然语言描述（如“左移”“推进”）。Atlas则直接读取相机在3D空间中的位置和角度，构建完整的3D场景，使虚拟镜头可以沿指定路径自由飞行，实现类似全景无人机的效果，但无需拍摄全部角度。输入照片越多，模型需要自行补全的区域越少，生成的3D场景越精确。World Labs将Atlas定义为“世界模型”，因为它不仅预测下一帧像素，还理解相机位置、物体空间关系以及不同视角下的视觉内容。此外，该模型可用于将真实空间转化为机器人训练的仿真环境，为具身智能提供低成本数据生成方案。目前Atlas仅向部分合作伙伴开放，尚未公开Look, $TRUMP, that jerk secretly sells off as soon as it pumps up
The TRUMP token team address transferred out 11.01 million $TRUMP yesterday
Then it was flipped multiple times, with 2 million transferred to Binance
What’s the purpose of transferring, market making?
But it wouldn’t make sense to flip it back and forth so many times 🤣
#就业数据密集公布，沃什政策立场受检验 #BTC高位震荡，与黄金联动增强 My friend bought $TRUMP for $60, is there still a chance to break even?
Just checked the data, the team address transferred out 11.01 million TRUMP yesterday, worth 26.65 million, and finally 2 million coins were "washed back and forth" into the exchange. Is this going to dump the market?
Since April, they have dumped coins worth over 150 million USD, without reservation, dumping whenever there's a chance.
Should I tell him this news to make him despair! If the heart doesn't die, the path won't be born. Next time, be more careful.$BTC $ETH On Wednesday, September 2, the crypto market continued its weak oscillation under the disturbance of macro data, but the pace of decline was moderate, and key support levels remained effective. Overall, it is still within a normal technical correction range. The US August ISM Manufacturing PMI data became the market focus today, and the multiple signals it conveyed are worth a deep analysis.
First, the August ISM Manufacturing PMI recorded 54.6, below the market expectation of 55.2 and down 1.0 point from July's 55.6, but still significantly above the 50-point expansion-contraction line by 4.6 points. The core of this data is not that manufacturing weakened to contraction, but that the momentum within the expansion range cooled down. It indicates that US manufacturing activity is still expanding, but the marginal strength is weaker than previously priced by the market. For the crypto market, this data reduces concerns that an overheated economy might force the Fed to tighten again, but it also does not signal economic weakness that would require rapid rate cuts, causing risk assets to lose a clear directional bet.
Second, historically, the manufacturing PMI has been in expansion for five consecutive months since April, fluctuating repeatedly during this period. The August decline looks more like a normal adjustment within an upward trend rather than a trend reversal. This "expansion but slowing" combination corresponds to a phase correction in an uptrend in the crypto market: the trend is intact, but there is a short-term lack of catalysts for a breakout.
Third, the Fed kept the federal funds rate at 3.75% in both June and July. Although this PMI data reduces the urgency for further tightening, it is insufficient for the Fed to quickly shift to easing. The policy path will still depend on subsequent inflation and employment data. This caused the crypto market to lose the previous overly optimistic pricing for rate cuts; bulls chose to take profits, and bears dared not launch large-scale attacks, resulting in a low-volume, gradual decline.
From the market perspective, Bitcoin dipped to around $76,600 today, approaching but not breaking the key defense level of $76,000; Ethereum consolidated narrowly between $2,315 and $2,340, with the $2,300 support tested for several days but not effectively broken. Trading volume continued to shrink, and contract open interest declined, indicating leveraged funds are exiting, and the market has entered a low-capital tug-of-war between bulls and bears. This volume-less decline is essentially a natural pullback under a liquidity vacuum, not a panic sell-off.
In summary, the current crypto market decline is more a passive reaction to macro data repricing rather than a fundamental deterioration. As long as Bitcoin does not effectively break below $76,000 and Ethereum $2,300, the upward structure remains intact. Investors need not panic excessively nor blindly cut losses during this low-volume correction. The upcoming ADP employment and nonfarm payroll data later this week will provide clearer directional guidance; patiently waiting for clear signals is the rational strategy. #就业数据密集公布，沃什政策立场受检验 #BTC高位震荡，与黄金联动增强 #美财长贝森特会谈日方，外汇与加息受关注 On September 1st, the DOGE futures market experienced a typical "short squeeze—bull trap—counterattack" scenario. Within one hour, shorts were liquidated for $111,000, longs suffered zero losses, and shorts faced extreme crushing pressure; four hours later, the tide turned sharply, with long liquidations rising to $558,000, shorts only $7,922, and the long-to-short liquidation ratio once reaching 70.4 times; by the 24-hour close, the long advantage narrowed to 6.56 times, with total liquidations amounting to $1,101,200, of which 81.9% occurred within 12 hours, clearly showing rapid momentum exhaustion. This trajectory indicates that high leverage is easily wiped out repeatedly in uncertain market directions. Looking at the macro picture, on Friday (September 4), the US August nonfarm payroll data will be released, with Reuters expecting an increase of 58,000 jobs, while July unexpectedly saw a decrease of 23,000. Last week, Federal Reserve Chair Powell mentioned inflation 25 times in his Jackson Hole speech, and CME shows the probability of a rate hike in September has risen to 60%. If the data weakens again, this expectation may quickly collapse. After a cumulative 28% rise in August, Bitcoin has retreated to the $78,000–$79,000 range, showing stronger correlation with gold. In the past five trading days, gold and Bitcoin ETFs have seen combined inflows of $7 billion. Broadcom and Dell earnings reports will also test AI hardware returns, but profit margin pressures have already appeared. The market is waiting for data to provide direction; leverage should be used cautiously. Risk warning: Futures and crypto assets are highly volatile; please manage your positions rationally. September 2 UNI Watch | The price increase is back, but value capture still needs to be analyzed separately
UNI trading clearly heated up today. OKX's UNI-USDT trading volume in the past 24 hours is about 36.48 million USDT, with the current price up approximately 12.5% from the opening price 24 hours ago. As the heat rises, it is even more important to understand that Uniswap v4 has turned the "trading pool" into scalable infrastructure: developers can add optional Hooks to individual pools to execute custom logic before and after initialization, liquidity changes, or swaps. One Hook can serve multiple pools.
This flexibility can support new designs like dynamic fees, but external Hook contracts also introduce additional code and permission risks, so the increase in protocol functionality should not be viewed in isolation. Especially during volume surges, the gap between feature expansion and token value is easier to overlook. UNI itself mainly serves governance: holders can delegate voting rights and participate in decisions on protocol fees, treasury spending, and more. Protocol trading volume, v4 adoption rate, and UNI price do not automatically synchronize; governance participation, fee mechanisms, token supply, and smart contract security still need to be observed. Today's volume surge represents a return of attention, not that value has already been realized.
$UNI #UNI
For informational purposes only, not investment advice. "$CORE Puzzle: When 'Smart Money' Meets the Invisible Hand" I originally thought I had calculated the game correctly—the exchange's circulating volume surged by nearly 300 million tokens in three days, the cards laid openly on the table, very much like the "last supper" before a pump and dump. I entered the market with my abacus, thinking I'd have a sip of soup with the market maker, waiting for that soaring bullish candle to break the silence at 0.021. But the market had other plans. That candle was like a mercury column welded in place, barely moving up or down, with order walls as solid as copper and iron. The project's tactic wasn't violence but endurance—using the intraday chart to weave a sticky net, trapping both long and short positions with no room to move. I began to smell a familiar pattern: no pump, just sideways consolidation, waiting for patience to run out, waiting for leverage to pile up, then stomping down to new lows, shattering all bottom-fishing dreams in the deep waters before dawn. The cruelest part is, you know this might happen, yet you have no way out. To save that pitiful average price, I could only place even lower buy orders, like digging down in quicksand, praying to hit solid ground. I used to laugh at others chasing pumps and dumps, but now I've become a believer in "cost averaging." Trying to make smart money, I ended up like a joke—the chips sweating in my hands, profits all in the red. This is probably the fate of a novice: seeing the volume but not reading the mind; calculating the price but not human nature. The only thing to do is to engrave this "foolishness" into the trading log, so when the next storm comes, remember to ask yourself first—does this soup have a hook?BTC has fallen below 77,000.
The lowest point in the early morning hit 76,997 USD, down 2.4% in 24 hours. ETH simultaneously dropped below 2,400, and SOL lost the 100 USD mark. In the past 24 hours, the entire network liquidations reached 239 million USD, with longs accounting for 198 million.
Why the drop? The US and Iran have clashed.
The US launched airstrikes inside Iran targeting the Revolutionary Guard. Iran retaliated by firing heavy ballistic missiles at the US military base in Jordan. Brent crude surged to around 92 USD.
When oil prices rise, inflation expectations increase—CME data shows the probability of a rate hike in September has soared to 66.9%, nearly doubling compared to before the Jackson Hole meeting. Risk assets are under broad pressure, with crypto hit first and hardest.
But two things are worth noting.
First, ETF inflows haven't stopped. On September 1, Bitcoin spot ETFs saw a net inflow of 217 million USD, with BlackRock's IBIT contributing 205.9 million. Ethereum ETFs have had 11 consecutive days of gains, cumulatively attracting 1.6 billion USD.
Second, Strategy bought again. After two months, it purchased 4,603 BTC for 369.7 million USD, bringing total holdings to 845,000 BTC.
Geopolitical conflict is a short-term shock; institutional allocation is a medium-term trend. The two are clashing head-on at the 77,000 level.
My judgment remains unchanged: no bearish outlook before September 15. The war will end, oil prices will fall back, but ETF money and Strategy's holdings won't disappear overnight.
Below 80,000, every panic is an opportunity.
$BTC $ETH The TRUMP token team address transferred out 11.01 million TRUMP ($26.65 million) yesterday.
After multiple transfers across several addresses, 2 million ($4.78 million) were transferred into Binance 6 hours ago.
Team address: 2RH6rUTPBJ9rUDPpuV9b8z1YL56k1tYU6Uk5ZoaEFFSK
Binance deposit address: FeoHpSHXGbjXhemA6P6jYbTNTdU4rTTVBuUjNGL6g3Sz100,000 ETH moved into exchanges, a potential sell-off worth $250 million, which is indeed a significant volume.
But what's truly interesting isn't just that 100,000 ETH entered exchanges, but that the people behind this batch bought it two years ago at an average price of $1,700. From $1,700 to $2,430, that's a 43% increase. Choosing to sell in batches at this level is not panic; it's profit-taking.
At the same time, Bitcoin spot ETFs saw a net inflow of $216 million, with BlackRock alone accounting for $205 million. It's like someone took $250 million out of ETH, while $216 million flowed into BTC. This isn't capital fleeing; it's just switching tables. ETH for BTC.
More importantly, Bitcoin spot ETFs had a net inflow of $3.5 billion throughout August. Bitcoin rose 25% in August, not driven by retail investors, but by institutions piling in with real money. However, with this batch of ETH coming out and BTC stagnating around 78,000, the market will face short-term pressure. 76,000 is support; if broken, look to 73,500. But the 200-week moving average at $65,000 and the actual price at $53,000 are more critical long-term levels— as long as these long-term supports hold, the trend isn't broken.
I believe this 100,000 ETH will likely be sold, and BTC will also face short-term pressure. But I won't turn bearish because of this. The $3.5 billion ETF inflow in August is real, and BlackRock's $200 million daily inflow is real too. Big money is entering, old money is rotating positions, some are selling, some are buying, and the forces are balancing each other out.$BTC $ETH September 2 Market Notes: Dual Pressure from Energy and Rate Hike Expectations, BTC Dips to 77000 Range
Bitcoin is currently priced around $77,200, Ethereum quotes at $2,410, and the entire risk asset sector is generally weakening.
Tensions in the US-Iran region have escalated again, Brent crude oil firmly stands at $96; Asia-Pacific stock markets mostly closed lower, the US 10-year Treasury yield rose to 4.90%, with concentrated macro negative factors emerging.
The crypto market's capital fundamentals still have some buffer. The US Bitcoin spot ETF saw about $221 million in new inflows in a single day, and the Ethereum ETF has had net inflows for twelve consecutive days, totaling $1.8 billion.
📊Today's market sentiment: leaning pessimistic
Geopolitical conflicts push up oil prices, rate hike expectations continue to ferment, and continuous ETF inflows temporarily weaken the downward pressure on the crypto market.
#就业数据密集公布，沃什政策立场受检验 #BTC高位震荡，与黄金联动增强 #财报观察员：博通与戴尔接棒，AI回报再受检验 $SNDK OKX 热度榜 HOOD 冲到第 4$，多空比 46%:6%——看空的人只有 6%，比 BTC 的 14% 还极端，罕见一边倒。 ① XHOOD 24h +2.0% 报 $105.1，成交 1.56 亿美元，一只“股票代币”的流动性直逼主流山寨 ② 逻辑双引擎：Robinhood 既是散户入金入口，又亲手把美股搬上链，自家股票被自家用户在链上买 ③ 但泼盆冷水：46:6 的一边倒就是拥挤交易，情绪最满的时候往往是最脆的时候 技术面：近段区间 103.9–107.8，放量突破 107.8 才有新故事。不做投资建议，DYOR~# #Robinhood #股票代币化 #HOODTwo clocks in Washington
1/5
Next week, two clocks will ring simultaneously in Washington.
One controls the price of money, the other controls the rules of crypto.
Don't just focus on "whether it will pass."
2/5
At 2:15 PM (Eastern Time) on September 15 is the CLARITY procedural vote.
It only decides whether debate can start, not a final approval.
Passing requires about 60 votes. The Banking Committee was originally 15 to 9.
3/5
In the same week, September 15–16 is the interest rate decision.
After Jackson Hole, the market priced about a 60% chance of a 25 basis point hike in September (around September 1, different sources ranged from 57% to 66%).
Oil prices and inflation expectations are still standing nearby.
4/5
For BTC, the bill's title is just noise.
Liquidity is the main line: rising rate hike expectations lead to risk assets being sold together.
The spot ETF just attracted about $3 billion over nine consecutive days, then reversed outflow on August 28. Institutions can both buy and sell.
5/5
When both clocks ring together, first watch the interest rate decision, then the procedural vote.
Passing only opens debate, but it doesn't mean the story is over.
Save the calendar; it's more useful than refreshing "good news landing" every day. ARB suddenly surged violently, the Layer 2 leader's fundamentals are extremely strong, but the 3 billion tokens yet to be unlocked are a choking point—Is this the beginning of a value rebound, or just a short-term performance by controlling funds?
The main reason for ARB's fierce rise is its solid fundamentals: a mature DeFi ecosystem, many developers, high institutional recognition, and the DAO treasury still holding 2.5 billion ARB tokens, so the project is alive. But the flip side is: a large amount of tokens are concentrated in the hands of the team, foundation, and DAO, posing serious control risks; plus 3 billion tokens remain locked, causing the coin to typically "fall fast, rise slow." Yesterday's violent surge looks more like a short-term test or a pulse driven by controlling funds using positive news, with questionable sustainability. A good project doesn't equal a good price structure; ARB needs time to digest the unlocking pressure before it can truly enter an independent market phase.
Will you chase in after this big bullish candle, or wait until the unlocking pressure is digested before making a move?
$ARB Long.xyz 24-hour on-chain tokenized stock trading volume surpasses $425 million
Robinhood chain issuance platform Long.xyz announced that its on-chain tokenized stock trading volume exceeded $425 million in the past 24 hours, with the current stock TVL around $12 million, accounting for about 20% of the total on-chain stock TVL.
Long.xyz is an emerging issuance platform on the Robinhood chain where users can issue Meme tokens and directly form trading pairs with tokenized stocks (such as NVDA, AAPL, TSLA), rather than pairing with USDC or ETH. This design aims to direct trading volume and liquidity toward the tokenized stock market. The announcement shows that the platform achieved $425 million in trading volume within 24 hours, but the stock TVL is only close to $12 million, indicating that the trading volume is mainly driven by short-term high-frequency trading rather than deposited funds. This event reflects the activity level of tokenized stocks as a new asset class within the crypto ecosystem, but its current scale is still far smaller than the traditional stock market.
This event mainly reflects the trading activity of the Long.xyz platform itself and the progress in exploring the tokenized stock sector, with no obvious direct impact on BTC, ETH, or traditional financial markets. The current data scale is limited and insufficient to change mainstream asset pricing logic, serving more as a project-level milestone announcement.Has Sun's latest scandal already started affecting TRX?
On August 27, Justin Sun publicly discussed his property dispute with Jing Tian, and the related topic has since continued to ferment, with several meme coins jumping on the trend within the TRON ecosystem.
Coincidentally, TRX has also noticeably weakened these past few days.
Currently, TRX is around $0.33, down about 2.5% in the last 24 hours, with a market cap of approximately $31 billion, returning to a relatively weak position recently.
Of course, TRX's decline cannot be entirely attributed to Justin Sun's personal issues; the entire crypto market has been under pressure lately, with BTC falling back to around 78,000, and risk assets overall showing weak sentiment.
But TRX has a unique aspect:
Its association with Justin Sun's personal IP is indeed stronger than most public blockchains.
Whenever Justin Sun faces controversy, the market naturally focuses on TRON and TRX, so short-term sentiment being affected is quite normal.
More importantly, TRON's own data hasn't suddenly disappeared. USDT remains the largest traffic source on TRON, and the network still handles a large volume of stablecoin transfers.
Therefore, this decline seems more like a result of combined market sentiment, overall pullback, and personal events.
Next, it remains to be seen if the $0.32–$0.33 range can hold steady.
You can keep following Sun's scandal, but you also need to keep an eye on TRX's price.Socket recently disclosed 19 malicious browser extensions: 18 from Chrome and 1 from Edge. They share the same extensible malicious framework, targeting wallet secret theft, on-chain authorization hijacking, login credential collection, and browsing history. The real warning is not "don't install unknown extensions." Among these samples, 14 were created by attackers, but the other 5 were originally legitimate products that were later acquired and embedded with malicious features. All samples use a similar strategy: the first version provides normal functionality to build user trust, then later delivers malicious code through updates. Browsers update extensions automatically by default, so users don't need to click to install again, which changes the security boundary. The malicious framework first establishes a WebSocket connection between the background Service Worker and the control server, then removes the Content Security Policy (CSP) of the pages users visit. CSP originally restricts which scripts a page can execute; once removed, the extension can inject remotely downloaded JavaScript into the webpage. Socket observed wallet modules that recognize EVM, Solana, and Tron wallets, clone the real Connect Wallet or Swap buttons on the webpage, remove the original handling logic, and then take over the connection and authorization process. Another type of module overlays the entire page on hardware wallet official websites, forging updates and recovery.$USELESS surged violently by 20% in the past 24 hours, with trading volume soaring to $420 million, almost a straight-line rally that instantly caught the market's attention. Strangely, this round of gains lacks obvious substantial positive catalysts and feels more like an emotional pulse driven by speculative funds.
This rapid rise without a core narrative reminds me of the previous continuous rally of $ZEC driven by the privacy sector narrative. But the two are actually completely different; ZEC has clear industry logic and fundamental support behind it, whereas $USELESS feels more like a sudden gust of wind, with no one able to predict when it will reverse.
What makes me even more cautious is that I've suffered similar losses before. I once shorted $BICO at a high, expecting a top, but instead of falling, it was squeezed higher and higher, and I got harshly taught a lesson by the market. That experience made me realize that when emotions completely dominate, so-called rational judgments often fail the most.
The real dilemma now is: should one follow the momentum and buy, or reverse and short against the trend? My judgment is that a surge without fundamental support is indeed questionable in terms of sustainability, but the inertia formed by short-term capital sentiment should not be underestimated either. Rather than betting on direction, it's better to stay on the sidelines and wait for clearer signals from the market.
Risk warning: Highly volatile tokens can experience sharp pullbacks at any time. Be sure to control your position size, avoid blindly chasing rallies, and do not panic sell recklessly. $USELESS Brothers, BTC and ETH were squeezed from both geopolitical and macro fronts last night
Just checked the data, $BTC is currently at $77,300, $ETH at $2,412. Last night, the US-Iran conflict escalated, pushing oil prices above $95, market risk aversion intensified, BTC dropped sharply over 1% within an hour to around 76,900, ETH simultaneously fell below 2,400
The macro side is not supporting the bulls either. The probability of a rate hike in September has surged to 60-66%, the 10-year US Treasury yield rose to around 4.79%, and rising risk-free rates are suppressing risk asset valuations
However, there is an unusual signal during the decline: ETFs are still seeing inflows against the trend. On August 31, BTC spot ETFs had a net inflow of about $217 million, reversing the previous day's outflow, and Ethereum ETFs have had net inflows for 11 consecutive days. Institutions are buying while prices are falling, indicating short-term selling pressure comes from macro sentiment rather than capital withdrawal
Technical side: BTC support at 76,500-77,000, break below targets 75,800; ETH support at 2,380-2,400. Resistance above: BTC 78,500-79,000, ETH 2,460-2,500. Friday's nonfarm payroll data is a key variable and will directly affect September FOMC rate hike pricing
Trading strategy: Wait for BTC to stabilize at 76,500-77,000 to try going long, stop loss at 75,000; wait for ETH to stabilize at 2,380-2,400 to try going long, stop loss at 2,350. Leverage within 3x, strict stop loss. Dare to catch this wave? 👇
#BTC高位震荡，与黄金联动增强 This time the debate is not about whether $BTC will rise or not, but whether Strategy's capital cycle has hidden premises. On September 1st, Gerber Kawasaki CEO Ross Gerber directly criticized Michael Saylor in an interview with Benzinga, even calling him one of the "worst things" Bitcoin has encountered. Gerber believes that Strategy's past model of financing through MSTR's high premium and then using the funds to buy BTC worked well in a bull market, but when the stock valuation declines, the same financing method may start to create dilution pressure. 1. The most comfortable time for this model is when $MSTR has a high premium. Strategy's past logic is not complicated: MSTR obtains a higher valuation → issues stock to raise funds → buys more BTC → BTC rises and further strengthens the market's expectations for MSTR. As long as the stock has a sufficiently high premium relative to the BTC on the books, the company issuing new shares to buy Bitcoin can easily form a positive cycle. What Gerber truly questions is whether this cycle relies too much on two conditions: BTC rising long-term; MSTR maintaining a sufficiently high valuation long-term. 2. Once the premium shrinks, the original advantage may turn into pressure. If MSTR's valuation declines and it issues stock to raise money again, the dilution pressure faced by existing shareholders will become more obvious. And if financing ability declines, Str