Search results for "MORE"
11:27

Chongde Technology: Wu Xingming has completed a 1% reduction in holdings.

Jin10 data reported on September 5, that Chongde Technology announced that major shareholder Wu Xingming, who holds more than 5% of the shares, reduced his holdings by 870,000 shares through centralized Bidding transactions from August 27, 2025, to September 5, 2025, with an average reduction price of 52.05 yuan/share, price range of 48.71-55.18 yuan/share, accounting for 1.0000% of the company's total share capital, and 1.0049% after excluding the shares in the repurchase special account; after the reduction, he holds 9.296 million shares, accounting for 10.6850%, and 10.7376% after excluding the shares in the repurchase special account.
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09:10

GTC (Gitcoin) 24-hour pump 7.90%

Gate News Bot news, September 5, according to CoinMarketCap data, as of the time of writing, GTC (Gitcoin) is currently priced at $0.34, rising 7.90% in the last 24 hours, with a peak of $0.35 and a low of $0.31. The current market capitalization is approximately $32.9 million, an increase of $2.41 million compared to yesterday. Gitcoin is a platform dedicated to providing funding support for the Ethereum ecosystem. Since 2017, Gitcoin has empowered the community to build, fund, and protect the things they care about through innovative funding tools and solutions. To date, Gitcoin has distributed over $67 million in funding, launched more than 270 funding rounds, received 3.8 million donations, and funded over 5,000 projects. Its mission is to empower the community to fund what they believe is important.
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GTC-2.86%
08:58

Gate Decentralized Finance Daily (, September 5, ): Linea TVL breaks through $1.2 billion all-time high; WLFI pump blacklists Justin Sun Wallet controversy escalates.

On September 5th, the Crypto Assets market saw a slight overall rise, with varying performances in the DeFi zone. The total TVL across the network fell below $1.53 trillion, while DEX volume remained low, with funds more concentrated in local hotspots. Linea's TVL surged over 70% in a week, becoming the focus of the Layer 2 track; WLFI sparked market controversy due to a blacklist incident; at the same time, institutions are increasing their investments in Solana, indicating that mainstream public chains still hold long-term appeal.
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DEFI-0.61%
WLFI2.66%
SUN-3.21%
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08:51

Anutin won the Prime Minister election in the House of Representatives of Thailand.

According to Jin10 data on September 5, local time on September 5, the lower house of the Thai parliament held a meeting to vote for a new prime minister. Anutin Charnvirakul, the leader of the Proud Thailand Party and prime minister candidate, won the support of more than half of the members and won the prime minister election.
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07:17

For the first time in nearly a decade, the ChiNext index achieved a "reversal" the day after falling more than 4%.

Jin10 data reported on September 5, on September 5, the ChiNext Index had a big pump of 6.55%, recovering the losses from yesterday and successfully covering yesterday's bearish line. Looking ahead, this is the first time in nearly a decade that the ChiNext Index has achieved a "covering" the day after a big dump of over 4%. Previously, on November 15, 2010, August 4, 2015, September 16, 2015, September 28, 2015, and January 14, 2016, the ChiNext Index also achieved a covering after a big dump of over 4%.
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06:30

South Korea will limit the interest rate cap on cryptocurrency lending to 20% and prohibit leveraged lending.

According to ChainCatcher news reported by TheBlock, South Korean financial regulators have issued new guidelines for lending services at local crypto asset exchanges to enhance investor protection. Under the new regulations, the upper limit for crypto asset lending interest rates is set at 20%, and leveraged lending beyond the value of the collateral is explicitly prohibited. Furthermore, the guidelines state that only the top 20 crypto assets by market capitalization or crypto assets traded on three or more platforms can be used for lending services. These measures aim to regulate the South Korean crypto asset lending market and drop investor risks.
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05:12

Gate Latest Crypto Assets Market Analysis (September 5): BTC Range-bound, ETH Under Pressure and Falling Back, Key Price Levels and Strategies Released

On September 5, the crypto assets market continued its range-bound pattern, with Bitcoin (BTC) and Ethereum (ETH) showing divergent trends. BTC fluctuated narrowly around $111,000, with the market's bullish and bearish forces continuing to battle; ETH faced pressure and fell back, with a daily decline of more than 4%. As the Fear and Greed Index retreated to a neutral range (48), investors are closely following the game between support and resistance levels, as well as the trading opportunities that short-term fluctuations may bring.
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BTC1.07%
ETH0.14%
02:14

Gata(GATA) Airdrop event log in to Gate Launchpool, stake USDT, GT, or GATA to share 2 million GATA rewards.

Gate News bot message, according to the official announcement from Gate on September 5, 2025: Gate will launch the 311th Launchpool project Gata (GATA) token airdrop event. This airdrop event will take place from 11:00 on September 5, 2025, to 11:00 on September 15, 2025, with a total airdrop amount of 2,000,000 GATA. Users can participate in the airdrop by staking USDT, GT, or GATA, and the system will issue token rewards every hour based on the proportion of the user's staked assets. The Gata project focuses on building decentralized AI inference and training technology, aiming to achieve efficient collaboration of large-scale AI models on a globally distributed GPU network. During the event, new users who register after September 3, 2025, and participate in the USDT staking pool while maintaining a continuous stake for more than 48 hours with an average effective staking amount of no less than 100 USDT will receive a reward of 100 USDT position experience vouchers, limited to 3000 slots.
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GATA-1.12%
GT-0.39%
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01:48

ALPINE (Alpine F1 Team Fan Token) rose 12.46% in 24 hours.

Gate News Bot news, September 5, according to CoinMarketCap, as of the time of writing, ALPINE (Alpine F1 Team Fan Token) is currently priced at $2.00, having risen 12.46% in the last 24 hours, reaching a high of $2.01 and a low of $1.73. The 24-hour volume has reached $53 million. The current market capitalization is approximately $37.4 million, an increase of $4.15 million compared to yesterday. Important news about ALPINE recently: 1️⃣ **F1 event collaboration drives coin price rise** The Alpine F1 team has partnered with several Web3 projects, enhancing the exposure and utility of the ALPINE token. This cross-industry collaboration helps attract more F1 fans to pay attention to and participate in the cryptocurrency market, thereby driving an increase in demand for the ALPINE token.
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ALPINE9.68%
01:36

CHEQ (cheqd) has risen 12.04% in the last 24 hours.

Gate News Bot message, September 5, according to CoinMarketCap data, as of the time of writing, CHEQ (cheqd) is currently priced at 0.02 USD, having risen 12.04% in the last 24 hours, with a high of 0.03 USD and a low of 0.02 USD. The current market capitalization is approximately 14.4 million USD, an increase of 1.55 million USD compared to yesterday. cheqd is a blockchain network focused on self-sovereign identity and verifiable credentials. It provides trust and commercial infrastructure for the identity and credential ecosystem, supporting multiple credential formats, including SD-JWT, W3C VCDM, OpenID4VC, and more. cheqd's technology aims to enable privacy-preserving data payments, incentivizing data to be released from silos, thereby facilitating new data combinations and user experiences. Important news about CHEQ recently: 1️⃣ **cheq
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CHEQ-6.39%
01:27

The margin balance has shrunk by more than 10 billion compared to the previous day, marking the largest decrease since August.

Jin10 data reported on September 5th, after the adjustment of the A-shares, the margin balance has significantly shrunk. As of September 4th, the margin balance was 2.2795 trillion yuan, a decrease of 10.317 billion yuan compared to September 3rd, marking the largest drop in amount over two consecutive days since August. Prior to this, on September 1st, the margin balance reached a historic high of 2.297 trillion yuan. With the A-shares experiencing a pullback, the margin balance has also decreased.
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01:27

BEER (BEERCOIN) fell 5.10% in the last 24 hours

Gate News Bot message, September 5, according to CoinMarketCap data, as of the time of writing, BEER (BEERCOIN) is currently priced at 0.0000035 USD, having fallen by 5.10% in the last 24 hours, with a high of 0.0000040 USD and a low of 0.0000015 USD. The current market capitalization is approximately 1.93 million USD. BEER is a cryptocurrency built on the Solana blockchain. BEER 2.0, as an upgraded version, aims to integrate NFTs, games, and future DApps, making it more than just a meme coin. The project plans to provide exclusive experiences for holders, actual integration with games and DApps, and a vision for mass adoption. BEER 2.0 introduces an upgraded supply model and better incentives for holders to ensure long-term sustainability and reduce volatility.
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BEER0.05%
19:34

Intel: 2026 will be a critical turning point for the company's manufacturing technology.

Jin10 reported on September 5th that Intel (INTC.O) CFO Dave Zinsner stated at the Citigroup 2025 Global TMT Conference that 2026 will be crucial for the company's manufacturing technology, at which point it will be determined whether the company is ready to advance to more advanced process technologies. Zinsner indicated that the company will only be able to confirm whether to approve the process technology named 14A at that time. Achieving this milestone has long been viewed as a key component of Intel's transformation plan. "At some point in 2026, we will have a clearer understanding of our progress," Zinsner said. He reiterated that Intel will only build the 14A production line after securing commitments from external customers for usage, stating that this stance aligns with financial common sense. However, when CEO Chen Lifeng first articulated this strategy in July, it raised concerns among analysts and investors. Not moving forward with 14A could mean Intel is abandoning its efforts to regain technological leadership.
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15:25

Greeks.live: The market is currently in a clear falling process, with BTC's short-term IV pumping to 40%.

Odaily News Greek.live macro researcher Adam posted on the X platform stating that the market is in a clear downtrend, with BTC's mid-short term IV rising to 40% and ETH's short term IV rising to 70%. The increase in short-term IV indicates a rise in market expectations for volatility this week. The decline in cryptocurrency concept stocks in the US stock market, especially in the MicroStrategy series, is the catalyst for this drop. September has historically been a month of relatively weak capital, and the last quarter will see more abundant funds. Today's put options block trading volume is also rapidly increasing, totaling 1.17 billion USD, accounting for 30% of the day's total trading volume, with a defensive mindset prevailing.
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LIVE-5.47%
BTC1.07%
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14:37

MAIGA has completed a $2 million strategic financing to promote AI-enabled Decentralized Finance trading.

PANews, September 4 - The AI agency platform MAIGA announced the completion of a $2 million strategic financing round, with investors including Amber Group, Red Beard Ventures, IBC Group, TBV Ventures, and Chainlink. MAIGA has served over 1 million users, with a cumulative trading volume of 7 million transactions totaling $46 million. The platform has launched a "Proof of Trading" incentive mechanism, allowing users to earn $oMAIGA tokens through trading, with higher trading volumes redeeming more $MAIGA. 35% of the tokens will be used to incentivize active traders and AI agents. MAIGA plans to launch AI agency and automated trading features on the BNB chain.
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DEFI-0.61%
14:19

The spokesperson for the EU Delegation answered questions from reporters regarding the comments on China made by the EU's High Representative for Foreign Affairs and Security Policy, Borrell.

Jin10 Data reported on September 4th that the statements made by EU officials are filled with ideological bias, lack basic historical knowledge, and openly incite confrontation. This is not only a disrespect to the history of World War II but also harms the interests of the EU itself, which is extremely wrong and highly irresponsible. China firmly opposes and strongly condemns this. In the current international situation, which is chaotic and interwoven, the world needs unity and cooperation more than ever. Some EU leaders stubbornly cling to Cold War thinking and ideological bias, deliberately creating confrontation and division, which damages the EU's international credibility and influence, as well as its own interests. China urges the EU to establish a correct view of World War II history and a rational understanding of China, immediately correct erroneous statements, eliminate negative impacts, and do more to promote world peace and stability, as well as the China-EU relationship.
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13:26

Institutions: Targets with low-level stagnation and solid fundamentals may gain more attention.

Several public sale funds pointed out that the market decline on September 4th is a normal adjustment, and history shows that the market usually presents a "two up, one down" pattern. Although some zones have seen significant rises, the overall market sentiment is optimistic. Investors should follow low-position stagnating targets with solid fundamentals, such as the overseas concept and consumption zones.
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12:52

Fireblocks launched a stablecoin Payment Network

Gold Finance reported that cryptocurrency infrastructure provider Fireblocks (valued at $8 billion) announced the launch of the stablecoin Payment Network Fireblocks Network for Payments on Thursday, aiming to help cryptocurrency and financial companies facilitate stablecoin transfers more conveniently. The network has attracted over 40 institutions, including the stablecoin startup Bridge, acquired by Stripe, stablecoin company Zerohash, and Yellow.
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12:00

The RWA Layer2 Zyra network is about to open participation channels.

Odaily News Official news, on September 4th at 20:00 (UTC+8), the Layer 2 project Zyra, focusing on RWA and DePIN, will open network participation access for early community users. According to the official introduction, Zyra is committed to building an on-chain credit infrastructure driven by ordinary users, focusing on high-yield debt, structured assets, and the on-chain pathways for real-world returns. The project adopts a multi-node verification architecture and combines an intelligent credit scoring mechanism, aiming to provide more robust asset support for Web 3 finance.
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RWA-2.22%
09:27

16 days 9 boards Jimin Health: Shuangge Group plans to reduce its holdings by no more than 3% of the company's shares

Jin10 data reported on September 4th that Jimin Health announced that its shareholder, Shuangge Group, plans to reduce its holdings in the company by a total of no more than 15,752,700 shares, which is no more than 3% of the company's total share capital, due to its own funding needs. The reduction will take place within 3 months after the fifteenth trading day from the date of the announcement, with no more than 1% reduced through Bidding and no more than 2% reduced through Block Trading. The reduction price will be adjusted based on market conditions and the company's stock price.
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08:30

Tomorrow, over 4.5 billion dollars in crypto Options will expire, with Ethereum's biggest pain point at 4,400 dollars.

BlockBeats news, on September 4th, Deribit released an options expiration reminder, stating that over 4.5 billion dollars in crypto options will expire tomorrow. The notional value of BTC options is 3.28 billion dollars, with a put/call ratio of 1.38 and a maximum pain point of 112,000 dollars; Bitcoin OI tends to favor put options, with concentrated strike prices around 105,000 to 110,000 dollars. The notional value of ETH options is 1.27 billion dollars, with a put/call ratio of 0.78 and a maximum pain point of 4,400 dollars; Ethereum traffic tends to be more balanced, but call options are mostly accumulated above 4,500 dollars.
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ETH0.14%
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07:54

James Wynn has recently gone long on ETH multiple times at high positions, facing liquidation at the lows.

James Wynn has recently gone long on ETH multiple times at high positions. Although ETH touched $4400 on September 2, he faced liquidation on September 3 after it fell below $4280. Subsequently, he increased his position again near $4440. Now, ETH has dropped back to $4370 and has been partially liquidated once more, with the liquidation price of the remaining position at $4,339.
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ETH0.14%
06:49

Analyst: The market is currently in a neutral to bearish tone, and the current capital flow has not confirmed the market's risk appetite.

Golden Finance reported that Cryptoquant analyst Axel Adler Jr released a market analysis indicating that the current market is in a neutral to bearish tone: Both the price and derivative flows are below 50. Although the active buying (taker flows) remains negative and weak, any price rebound is more likely to be a return to the fair value of $113,000 / the mid-range of the 30-day period, rather than the start of a new trend. Essentially, the current flow of funds has not confirmed the market's risk appetite. The recent bullish scenario is a technical rebound to $113,000 to $115,000, accompanied by stable fund flows. To achieve a market reversal, we need the flow to be above 55 and the price index above 50. Until these conditions are met, there is a risk of repeatedly testing the lower edge of the market.
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TAKER-0.16%
FLOW0.96%
00:43

ETH (Ethereum) rose 3.46% in the last 24 hours.

Gate News Bot news, September 4th, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is currently priced at 4474.41 USD, having pumped 3.46% in the last 24 hours, reaching a high of 4629.03 USD and a low of 4221.25 USD, with a 24-hour volume of 34.603 billion USD. The current market capitalization is approximately 540.086 billion USD, an increase of 18.052 billion USD compared to yesterday. Ethereum is a leading innovative application and blockchain network platform. It provides the infrastructure for decentralized applications (DApps), decentralized finance (DeFi), non-fungible tokens (NFTs), and supports the development and deployment of smart contracts. The Ethereum ecosystem has the largest and most active developer community, dedicated to building a more open and permissionless internet.
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ETH0.14%
19:26

OpenAI's secondary stock offering scales up to over 10 billion, valuing the company at 500 billion dollars.

On September 4, Jin10 reported that OpenAI is expanding its secondary stock sale size by over $4 billion, according to CNBC. Insiders revealed that OpenAI will offer eligible current and former employees the opportunity to sell about $10.3 billion worth of stock, significantly up from the initial target of $6 billion. The insider stated that the valuation for this stock sale will reach $500 billion, in line with market expectations. Earlier this year, the latest round of financing for OpenAI valued the company at $300 billion. The insider mentioned that OpenAI announced this proposal to employees on Wednesday. Employees who have held shares for more than two years must decide whether to participate in this transaction by the end of September, with the transaction expected to be completed in October. Participating investors include SoftBank Group, Dragoneer Investment Group, and Thrive Capital.
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11:28

Meibang Fashion: Abnormal Fluctuation in Stock Trading

Jin10 Data reported on September 3 that Meibang Apparel announced that the stock price of the company had a cumulative deviation of more than 20% in the rise of the closing price over three consecutive trading days on September 1, September 2, and September 3, which constitutes an abnormal fluctuation in stock trading. After verification, there is no need to correct or supplement the information disclosed by the company earlier, and recent public media have not reported any undisclosed significant information that may have a major impact on the trading price of the company’s stock.
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09:49

Gate Decentralized Finance Daily ( September 3, ): Linea launches liquidity incentive program with TVL surpassing $1 billion; Ethena protocol revenue hits a new high.

On September 3, the cryptocurrency market as a whole rebounded, with Bitcoin returning above 110,000 USD, but the DeFi zone showed a mixed performance. The total DeFi TVL across the network rose to 151.983 billion USD, with a slight increase of 0.86% over the past 24 hours; the total trading volume of DEX was about 15.007 billion USD, down more than 20% from last week, indicating a cautious market sentiment. In terms of highlights, Linea launched a liquidity incentive program and opened up Airdrop checks, with TVL breaking the 1 billion USD mark for the first time; Ethena protocol's revenue and USDe stablecoin supply reached all-time highs; WLFI's market attention continues to rise but is under short-term pressure. Overall, funds are gradually flowing back to hot sectors, and the DeFi market is entering a structural adjustment phase.
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DEFI-0.61%
ENA3.16%
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09:31

Galaxy Digital Founder: AI Agents Will Become the Largest Users of Stablecoins

ChainCatcher news, Galaxy Digital founder and CEO Michael Novogratz stated during an interview with Bloomberg TV at the Goldman Sachs Asian Leaders Conference in Hong Kong that artificial intelligence tools will drive the rise in stablecoin usage, and the two technologies will become more closely integrated. Novogratz predicts: "In the near future, artificial intelligence will become the largest user of stablecoins."
07:23

Former Chairman of Morgan Stanley Asia: The Fed is concerned about the shift in risks, and the U.S. stock market may see a correction.

According to Jinse Finance, when discussing expectations for interest rate cuts, Stephen Roach, a senior researcher at Yale University and former chairman of Morgan Stanley Asia, pointed out that the Fed will not be rushed to adjust its policy due to political pressure. On the other hand, the vulnerability of the labor market, coupled with the disturbances caused by tariffs, may prompt the Fed to shift to a more accommodative stance. Although the current risks have changed, the extent is not yet severe, and future developments will still depend on the performance of future data. Roach also stated that the U.S. economy has shown signs of slowing down, with consumption growth only half of the average level of the past few years. In addition, the investment boom in the AI sector hides bubble risks, with the market capitalization concentration of the "Seven Giants" in U.S. stocks even exceeding the levels during the internet bubble of 2000. "Therefore, I believe that there is a high likelihood of some degree of market correction in U.S. stocks within the next six months," he said. (21st Century Business Herald)
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05:22

Analysis indicates that the application for stablecoin licenses in Hong Kong has exceeded expectations, which may drive the Monetary Authority to issue more in the future.

Odaily News The head of the Greater Bay Area Development Research at the Unity Hong Kong Foundation, Mak Wing-chung, stated in an interview with Radio Hong Kong that the regulation and policy direction of stablecoins in Hong Kong is clear, attracting a large number of institutions' attention, and the intention to apply for licenses has far exceeded expectations. He pointed out that large technology companies may prefer to use stablecoins in payment scenarios, while traditional financial institutions may apply them more in cross-border Settlement. If the first batch of licensed institutions operates smoothly, the Hong Kong Monetary Authority may consider issuing more licenses in the future. (Aastocks)
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05:08

PROVE (Succinct) rose 8.71% in 24 hours

Gate News Bot message, September 3rd, according to CoinMarketCap data, as of the time of writing, PROVE (Succinct) is currently priced at $0.92, with an 8.71% rise in the last 24 hours, reaching a high of $1.19 and a low of $0.82, with a 24-hour volume of $73 million. The current market capitalization is approximately $180 million, an increase of $14.4 million compared to yesterday. Succinct is a decentralized prover network dedicated to making zero-knowledge technology simple and user-friendly. The project has generated over 5 million proofs, has more than 35 partners, and a total locked value exceeding $4 billion. Succinct offers two core products: SP1 (the fastest RISC-V zkVM in the world) and the prover network, providing infrastructure support for developers and provers. The project can
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PROVE-1.02%
02:56

AIXBT (aixbt) rose 6.85% in the last 24 hours.

Gate News Bot news, on September 3, according to CoinMarketCap data, AIXBT (aixbt) is currently priced at $0.10, with a rise of 6.85% in the last 24 hours, peaking at $0.11 and dropping to a low of $0.09. The current market capitalization is approximately $999,000, an increase of $64,100 compared to yesterday. Currently ranked 361. AIXBT is a platform focused on market trend prediction. It offers various features, including discovering popular projects, intelligent chat analysis, daily reports, bookmark reminders, and more. AIXBT aims to help users identify trends before market changes occur, providing users with customized market insights and analysis tools. Important news about AIXBT recently: 1️⃣ **Security vulnerability leads to the theft of 55 ETH** Recently, AIXBT
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AIXBT5.31%
01:51

Trader Eugene entered a position for a SOL long order, stating that BTC is stabilizing at the 110,000 USD support.

Odaily News Trader Eugene stated that he has attempted to Enter a Position SOL long order. He believes that SOL is the strongest asset among major encryption assets in the context of BTC regaining the $110,000 level. Due to the weakening momentum of ETH and the mNAV indicator compressing (BMNR below 1.1, SBET below 1), he expects the market to shift towards allocating more resilient emerging Tokens. Eugene also pointed out that if BTC falls below $110,000, he will immediately stop loss and exit.
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SOL0.3%
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01:45

LINEA has approved the allocation of 4% of LINEA to liquidity providers participating in Linea Surge.

Odaily News Linea Association officially announced that the Linea Alliance has approved the allocation of 4% of LINEA to liquidity providers participating in the Linea Surge event. As the first step of the distribution, SBT has been issued to eligible wallets last Friday. More details regarding the conversion of these SBT into LINEA Tokens will be published through the official qualification check page.
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01:33

QUICK (QuickSwap [Old]) rose by 5.44% in the last 24 hours.

Gate News Bot news, on September 3, according to CoinMarketCap data, as of the time of publication, QUICK (QuickSwap [Old]) is currently priced at $27.33, with a rise of 5.44% in the last 24 hours, reaching a high of $27.51 and a low of $24.77. The 24-hour volume is $15,000. The current market capitalization is approximately $20.2 million, an increase of $1.04 million compared to yesterday. QUICK recent important news: 1️⃣ **QuickSwap plans to conduct a 11000:1 token split** QuickSwap is preparing for a large-scale token split with a ratio of up to 11000:1. This move aims to reduce the price of a single QUICK token, making it more attractive to new users. After the split, the supply of QUICK tokens
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QUICK1.53%
09:34

Gate Decentralized Finance Daily ( September 2nd ): WLFI debut draws follow; Hyperliquid August revenue exceeds $100 million record high.

On September 2, the Crypto Assets market saw a slight overall Rebound, but the DeFi zone performed weakly, with major Tokens generally experiencing a pullback, and funding sentiment becoming more cautious. The total DeFi TVL across the network slightly decreased to $15.2263 billion, and the total trading volume of DEX was approximately $15.57 billion, down 17.4% from last week, indicating tightening market Liquidity. In terms of hotspots, WLFI officially launched and received endorsement from the Trump family, while the TVL of the Linea network saw a weekly rise of over 60%, becoming a new highlight in the Layer 2 track; Hyperliquid's revenue hit a monthly high, highlighting the continued growth in demand for derivatives trading. Overall, the DeFi market is still in an adjustment cycle, with structurally driven opportunities in short-term hotspot projects receiving more attention.
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DEFI-0.61%
WLFI2.66%
HYPE3.16%
07:49

Institutions: The impact of the UK budget has triggered demand for GBP Options.

Jin10 data reported on September 2nd that forex options traders have noted an increase in demand for pound-related options expiring in the months following the UK autumn budget announcement, which is expected to be released at the end of October or early November. Betting on its subsequent effects seems wiser compared to focusing on the budget itself. UK Chancellor of the Exchequer Reeves is expected to unveil a fiscally cautious plan, with tax increases and spending cuts becoming the main theme. These measures are unlikely to produce surprises on the day itself, but their cumulative effect may weigh on the pound in the coming weeks. On this basis, the potential volatility risk premium on the day of the budget announcement may be limited, while longer-term volatility trading in the following weeks may capture more fluctuations. Due to concerns over rising borrowing costs, the pound continues to face pressure, and the forex options market reflects this bearish sentiment. Traders report that the premium for pound put options has risen relative to call options, highlighting an increased demand for downside protection.
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