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1Bitget Daily Digest (June 9) Fed Whisperer: US Economy Faces a “Turbulent Summer”; CPI & PPI to Test Market Sentiment This Week2Crypto: Ether ETFs Are Booming3Shiba Inu Whale Transactions Surge to Six-Month High, Suggesting Potential Market Shift
Bitcoin could dip to $45,000 after rate cuts
Cryptobriefing·2024/09/02 15:30
Ethereum And Solana Lost Over 20% In August. Could September Offer Better Opportunities?
CryptoNews·2024/09/02 15:06
Is Solana price dropping under $100 in September?
SOL price has lost support and closed multiple daily candles below the 200-day EMA for the first time since September 2023.
Cointelegraph·2024/09/02 14:17
QCP Capital highlights ether's 'significant' underperformance compared to bitcoin in August
Ether fared worse than bitcoin in August — plunging 22.2% compared to an 8.6% decline for the latter.September could see further bearish movements for major cryptocurrencies if the month aligns with historical seasonal trends, according to QCP Capital analysts.
The Block·2024/09/02 14:04
Crypto Projects Lost $310M to Scams in August, Second-Highest in 2024: CertiK
Phishing incidents emerged as the most damaging, accounting for approximately $293 million of the total losses.
CryptoNews·2024/09/02 13:06
Bitcoin Price Set for Late September Breakout – Analyst Points to Historical Patterns
CryptoNews·2024/09/02 13:06
Meme Coin News: Top 10 Tokens Fall 64% in a Year, PolitiFi Outperforms Meme Coin Category
The top ten meme coins have seen their prices decrease 40%-70% over the past 52 weeks. Since the beginning of this year, the PolitiFi subcategory has outperformed the broader meme coin category.
CryptoNews·2024/09/02 13:06
Crypto Products Saw $305M in Outflows Amid Widespread Negative Sentiment
Bitcoin was at the center of this exodus, experiencing outflows totaling $319 million.
CryptoNews·2024/09/02 13:06
Flash
- 03:09A trader profits over $38 million from HYPE, cashes out $4.7 million todayAccording to a report by Jinse Finance, monitored by Lookonchain, a trader with the address 0xda3c made a total profit of $1.95 million through HYPE perpetual contract trading. Six months ago, the trader purchased 1.21 million HYPE tokens at a low price of $4.3 each, with a total investment of $5.2 million, which is now valued at approximately $42.2 million. Today, the trader has sold 131,137 HYPE tokens, cashing out about $4.7 million, while still having 605,247 HYPE (valued at approximately $21.3 million) in staking. The trader's total profit on HYPE exceeds $38 million.
- 03:09Partial Rebound in Crypto Market, PayFi Sector Rises Over 2%, BTC Remains Range-BoundAccording to ChainCatcher, based on SoSoValue data, certain sectors of the crypto market have slightly rebounded, with the PayFi sector rising by 2.52% in 24 hours. Within the sector, XRP increased by 3.14%, and Keeta (KTA) regained momentum, rising by 17.80%. Additionally, Bitcoin (BTC) is fluctuating around $105,000, while Ethereum (ETH) fell by 1.05%, dropping below $2,500. In other sectors, the RWA sector rose by 1.14% in 24 hours, the Layer1 sector increased by 0.24%, with Solana (SOL) and Avalanche (AVAX) rising by 1.30% and 1.61% respectively. The CeFi sector increased by 0.08%, with Hyperliquid (HYPE), OKB, and Cronos (CRO) rising by 1.16%, 1.25%, and 1.28% respectively. The DeFi sector fell by 0.84%, the Meme sector decreased by 1.21%, while Bonk (BONK) and SPX6900 (SPX) defied the trend, rising by 1.68% and 4.17% respectively. The Layer2 sector fell by 1.73%.
- 03:08Cetus Protocol has resumed operations after a vulnerability attack and is planning to open sourceAccording to a report by Jinse Finance, Cetus Protocol, a Sui-native decentralized exchange that suffered a massive $220 million attack in May, stated that it is advancing its open-source plan following a recent relaunch. On May 22, an attacker exploited a pricing mechanism vulnerability to siphon tokens from Cetus's main liquidity pool. The protocol successfully froze $162 million of the stolen funds shortly after the attack. Prior to the attack, Cetus's trading volume had been on an upward trend, exceeding $5 billion in April and reaching $5 billion in May, despite halting operations after May 22. In a Medium blog post on June 7, the Cetus team stated, a day before the relaunch, that they are moving towards full open-source development and launching a new white paper bounty program to "encourage collective contributions in technology and security." As part of the relaunch, the team mentioned they have been "working day and night" to fix the software vulnerabilities that led to the hack, restore pool data to the correct prices, and conduct security audits on all code fixes and contract upgrades.