Featured News
1.Sonic Labs CTO: Sonic will launch the mainnet in December and airdrop 200 million tokens
3.gm.ai: 35 million GMs have been repurchased from the market
4.Arthur Hayes called for orders again MOTHER: Market value will reach 1 billion US dollars
Trending topic
Source: Overheard on CT (tg: @overheardonct), Kaito
FTX: Today’s discussion about FTX mainly focuses on Caroline Ellison, former CEO of Alameda Research, for participating in FTX The community is concerned about the impact this incident will have on FTX’s future, including a potential $16 billion distribution to creditors.
$WIF: Solana memecoin WIF has attracted widespread attention on Twitter, becoming the largest gainer among the top 100 tokens by market cap, surpassing other mainstream tokens such as ATOM and OP. The community is actively discussing its potential in the ongoing memecoin trend, with some traders predicting further gains and comparing it to other popular tokens such as PEPE and BONK.
$RARE: Discussion on Twitter today about RARE has focused on its integration with the SuperRare platform, where various artists are showcasing and selling their digital artworks. Worth mentioning is the “Girl Next Door” series that challenges the traditional art system, as well as other series that emphasize the fusion of digital and physical art, such as “Ancient” and “ALL TIME HIGH”. Sentiment is generally positive, with artists expressing excitement about offers and sales on RARE and ETH, and the platform’s role in democratizing art. However, there are also concerns about support issues on SuperRare.
$TUSD: TUSD has been the focus of discussion today as the SEC has accused TrustToken and TrueCoin of misleading investors about the stability of TrueUSD. The SEC claims that 99% of TUSD reserves are invested in speculative offshore funds, contrary to previous claims that it is backed by safe, liquid bank deposits. TrustToken and TrueCoin have reached a settlement with the U.S. Securities and Exchange Commission, agreeing to pay fines without admitting or denying charges. The revelation has sparked a debate about the transparency and trustworthiness of stablecoins, with some suggesting it could be a precursor to further regulatory action against other stablecoins such as USDT.
Threads&Tweets
1. Can Sui become a Solana killer? @nft_hu
2. How to lay out AI narratives? @defi_mochi
3. About the Mars City meme, @_0xSea_
Featured Articles
Jaleel, BlockBeats
In fact, the Ethereum Foundation has many shortcomings and its organizational structure is very chaotic. As a decentralized non-profit organization, it is not easy to handle the internal organizational structure of Ethereum. Looking back on the history of Ethereum, the 8 founding teams “separated” due to disagreements, staging an encrypted version of the “Silicon Valley Eight Fairies Runaway”. After Vitalik was the only one left, this decentralized non-profit organization became the “centralized” era of this prodigy, and his influence and authority were unprecedented.
2.《While DeFi is in revival, what changes have taken place in the track’s fundamentals? 》
Zhouzhou, BlockBeats
So far, the prospects for DeFi’s revival look quite optimistic. Similar to the catalysts of the last DeFi summer, we now have: a new generation of more mature DeFi protocols being built; healthy and growing DeFi data indicators; the participation of institutional investors; and the current loose policy cycle of the Federal Reserve. All of this together constitutes an ideal environment for DeFi to flourish again.
0xFacai, BlockBeats
After Neiro was launched on Binance contracts and spot, many “chain wild dealers” and meme players saw new market opportunities. Many of them seized this wave of overwhelming traffic, and MOODENG, TERMINUS, EDOGE and other ten-fold or even hundred-fold gold dogs appeared one after another. As the meme market continues to ferment, Ethereum has once again opened the production line of dog memes, reenacting the classic scene of “hundred dogs barking”.
Original translation: zhouzhou, BlockBeats
In this conversation, Jim Rogers discussed the challenges that the global economy may face and his investment strategy for the future. Rogers emphasized the importance of long-term investment, especially in agriculture and undervalued markets such as Russia, China and Zimbabwe. He believes that there will be more economic crises in the future, especially when debt levels are unsustainable, the situation will become more severe. He also suggested paying attention to Asia, especially China, believing that it is a major economic force in the 21st century. In addition, Rogers also shared his confidence in agricultural investment and suggested that owning a farm may be the key to survival when the economy collapses.
On-chain data
On-chain fund flows on September 5
Maximum gainers and losers
Token volatility on September 5, sorted by 24-hour trading volume
Data source: Coingecko
Maximum gainers
1.$SIX (Six)
2.$CETUS (Self)
Maximum loss
1.$WELL (Base)
2.$AHT
Today’s Hot Meme
Meme fund flow on September 5, filtered and sorted by trading volume and increase
1.$HANA (Ethereum)
2.$PLOP (Sui)
3.$PWUP (Solana)
