Bitcoin人生

【Daily Crypto Market Hotspot Review｜September 1】
On the first day of September, the market on-screen didn’t move much, but the drama outside was anything but light
1️⃣ Russia brings Crypto into banks
With new regulations now rolling out, Russia’s largest commercial bank, Sberbank, is expected to have compliant Crypto trading volumes of up to $46.4 billion in its first year, and it’s also preparing to accept BTC, ETH, and USDT-backed loans once regulators allow it
Previously, people used their homes as collateral; later, they may use BTC to borrow money from banks—maybe this really isn’t a new storyline anymore
2️⃣ Binance turns around to grab the Wall Street lunch tray
Binance has listed over 1,000 options on U.S. stocks and ETFs. Reportedly, the August TradFi perpetual futures contract trading volume already reached $433.4 billion.
Previously, it was Wall Street that packaged BTC into ETFs and sold them to retail investors.
Now, crypto exchanges are bringing U.S. stocks over to the crypto side to play.
3️⃣ Should September raise rates? The debate starts all over again
The U.S. August ISM manufacturing data came in below expectations, but prices are still high. Market expectations for a 25-basis-point rate hike in September briefly climbed to 65%.
Oil prices are back above $90, while BTC is still hovering around $78,000.
The rate hike hasn’t arrived yet—sentiment has already been loaded to the max
The real test ahead will still be Friday’s Non-Farm Payrolls
——————————————————————————————————
After scrolling through the first day of September, the biggest takeaway is:
The wall between Crypto and traditional finance is getting thinner and thinner
Banks are starting to study using Crypto as collateral; crypto exchanges are starting to bring U.S. stocks in
In the past, both sides wanted to enter the other’s market
Now, it’s simpler—both sides are just starting to steal business from each other directly.

$26,800 USD turns into $1.72 million in just 3 days!
$BONER’s recent chart has honestly been a bit abstract.
It’s only been live for 3 days, yet its market cap has been soaring all the way to $70 million.
The #1 holder, Eric, really has guts—he entered when the market cap was still $170,000. Slowly and steadily, he put in about $26,800 in principal. Now his account shows an unrealized profit of $1.728 million. And this morning, he was still adding to his position!
But to be honest, the most “savage” move with this coin isn’t the wealth-building effect—it’s how it’s played.
It doesn’t pool with the usual USDT or ETH. Instead, it’s directly attached to a U.S. stock token on the Robinhood chain: $HIMS .
The key point is that the on-chain HIMS supply is already pitiful—reportedly, as of last Friday there were only around 15,000 tokens in total.
That immediately creates a very magical death spiral:
Everyone goes crazy for BONER ➔ almost drains the HIMS from the pool ➔ drives the on-chain HIMS price to skyrocket ➔ the HIMS premium in turn pushes BONER up even harder.
At the most extreme moment, on-chain HIMS was priced at double the real-world U.S. stock price!
Looking at public data, at one point the BONER pool consumed nearly 81% of all the HIMS chips on the Robinhood chain.
In plain terms, it’s like tying two coins together on the same rope—each acts as a springboard for the other, stomping the left foot while the right foot spirals you up to the sky.
Is this innovation? You might not be able to argue—there’s always someone who can come up with a brand-new trick you’ve never seen before!

GM! The nostalgic September is here again.

Are there any old-timers who played Alpha? Do you remember what the market was like last September?

Back then, it really was golden September and silver October. Most single units were around 1000–1500U, and the ones that sold well could even reach over 2000U.

Looking back now, it feels almost like a different life.

But unfortunately, we can’t go back anymore.

Still, people can’t just live in the past forever.

If you’re going to reminisce, reminisce—but if it’s time to move forward, you’ve got to keep moving forward.

On the first day of September—keep working!

4 billion dollars’ worth of ETH is being moved to exchanges
A mysterious giant whale recently consolidated 167,855 ETH from multiple wallets, worth roughly $408 million
Over the past two days, it has already transferred 70,739 ETH to exchanges such as Binance, OKX, and Bybit—about $174 million
It still has 97,115 ETH left, worth approximately $237 million
Of course, moving into exchanges doesn’t necessarily mean it has been sold
But moving $170 million worth of ETH into exchanges is hard not to take a closer look
BitMine had been buying week after week just before
And right after, this mysterious giant whale began moving funds to exchanges
No wonder, even with 5.9 million ETH bought, the price is still the same
$ETH

【Daily Crypto Hotspot Quick Look｜August 31】
On the last day of August, the market hasn’t seen much movement, but there’s been no shortage of news.
1️⃣ Strategy bought BTC again
Sold at over 60k, bought at over 80k—Saylor’s still doing things the familiar way (see the previous entry)
2️⃣ BitMine continues accumulating ETH
For the 65th consecutive week, holdings have been increased—almost taking 5% of ETH—yet the price is still the same (see the previous entry)
3️⃣ This year’s token buybacks have already burned $638 million
Why does HYPE get more expensive the more it’s bought, while some coins keep dropping as they’re accumulated? We just discussed that earlier (see the previous entry)
4️⃣ Escalation in the U.S.-Iran conflict—this time BTC didn’t drop much
Oil prices pushed up to around $90; U.S. stocks faced pressure, and BTC is still hovering around $78k
One day doesn’t prove a safe-haven attribute, but this reaction is worth watching
5️⃣ September rate hikes are scaring people again
Currently, the market is pricing in roughly 58%—still not a done deal
Before the hikes even arrive, crypto sentiment is getting fully “fed” first
6️⃣ BTC ETF inflows for 9 straight days were interrupted
Previously cumulative inflows were about $2.8 billion; the latest single day flipped to about a $202 million net outflow
The shorts got squeezed again—next we still need to see whether spot inflows pick up
7️⃣ Russia starts big moves tomorrow
Digital ruble expansion rolls out further, and Crypto is also speeding up into a regulated financial system
Promote CBDC on one hand, and bring Crypto under regulation on the other
————————————————————————————————————
Wrapping up August at the end
BTC is up more than 20%. Shorts went through a historic-level squeeze cycle. Institutions are still buying, and project teams are also doing buybacks
Everything seems to be moving in a better direction, but toward month-end ETF activity starts to cool, and rate-hike expectations are back
The most pessimistic moment has passed
But the truly comfortable bull market still doesn’t seem to be here yet
🚀🚀🚀See you in September 🚀🚀🚀

BitMine has been buying ETH for 65 consecutive weeks!
So far, it already holds 5.9 million ETH—close to 5% of the total ETH supply.
But there’s a question many retail traders are probably wondering:
With this much buying, why isn’t ETH still going up?
Last week, BitMine bought another 53,501 ETH.
At the peak back in September last year, it bought 260,000 ETH in a single week. Now it’s basically down to about 30,000—70,000 per week.
It has shifted from aggressive hoarding to slow accumulation—but it hasn’t stopped for 65 weeks.
The result is that BitMine’s position has kept growing, yet ETH’s price performance hasn’t moved up along with its holdings.
This actually says a lot.
One massive whale continuously buying doesn’t necessarily mean the whole market is buying too.
BitMine can absorb part of the new supply, but if ETFs, spot inflows, on-chain demand, and overall risk appetite don’t strengthen at the same time, it’s hard for only its buying pressure to determine ETH’s price.
You can even look at it from another angle:
BitMine has already taken nearly 5% of the ETH out of circulation—and it makes the following issue even more worth considering:
If even continuous buying at this level can’t push ETH into a clear trend, then how much supply is being sold on the other side of the market?
Even more interestingly, BitMine’s cash and marketable securities have dropped from about $700 million in May to $308 million now.
ETH is still being bought, but the ammunition pile keeps getting thinner.
So going forward, what I’m more interested in isn’t when it will reach 5%.
Instead, it’s how much longer BitMine can keep buying—and when ETH will finally not need BitMine to buy.
$ETH

Saylor has proven something:
Holding 850,000 BTC doesn’t prevent you from selling low and buying high.
In the past two-plus months, Strategy has reduced its holdings by 6,916 BTC in total, with the related average selling price at about $62,081.
Now that BTC has risen to around $80,000, it’s back.
This week, it spent $369.7 million to buy 4,603 BTC at an average price of $80,318.
If you look at just these 4,603 coins:
$62,081 to sell
$80,318 to buy
The per-coin difference is $18,237, for a total price spread of roughly $84 million.
Of course, you can’t directly treat this as “you lost $84 million”—the quantities differ, and selling the coins also involves Strategy’s capital-structure adjustments.
But taken together, the showmanship is still there:
Retail traders: sell low and buy high
Saylor: capital-structure management
Some operations—once the position gets large enough—the name really does change.
$BTC

With token unlocks, I’m actually less worried about the $9.65 million worth of SUI, but I’ll take a closer look at the $6.87 million worth of EIGEN.
In the first week of September, SUI, EIGEN, and ENA together unlocked more than $20 million.
The largest single amount is SUI: 13.53 million tokens worth about $9.65 million, but it makes up only 0.33% of the current circulating supply.
ENA looks like more: 40.63 million tokens, yet it still accounts for just 0.46% of the circulating supply.
What really stands out is EIGEN.
36.82 million tokens worth only $6.87 million, but that’s equivalent to 5.48% of the current circulating supply.
And I checked the data from the past few months—these 36.82 million EIGEN tokens have been showing up continuously.
In July, the same 36.82 million tokens were worth about $7.63 million; now they’re worth only $6.87 million.
The number of coins didn’t decrease—it's just becoming less and less valuable.
Of course, you can’t say that EIGEN’s decline is definitely caused by these two figures alone.
But this kind of steady, fixed-pattern increase in supply—if there never ends up being enough new demand to absorb it—really is more worth watching than a one-time “large unlock.”
So now when I look at unlock news, my first thought isn’t “how many billions in value,” it’s:
First, how much of the circulating supply it represents;
second, who the coins are going to;
and finally, whether the market can absorb it.
$SUI $EIGEN

BTC has risen 30% in August—yet the spot market still has no real traction
CryptoQuant analyst Darkfost found that CEX BTC spot demand is still at historical lows, roughly the same level as September 2023.
Binance is the most obvious example: its spot trading volume has fallen steadily from $198 billion to $44 billion.
But it’s not all bad news. August had $1.6 billion more than July, suggesting at least the downtrend may be starting to bottom out.
I think this set of data is pretty interesting.
The price is already bullish, but the trading volume hasn’t caught up yet.
If BTC continues to rise, and spot trading volume starts to expand noticeably, that’s when it would indicate more real money is actually coming in.
For now, the bull run is already underway—the audience seats haven’t filled up yet.
$BTC $SOL

The market has already priced in a September rate hike, but even Wall Street itself doesn’t fully believe it!
After Waller emphasized inflation risks last Friday, the market’s pricing for a September rate hike has already risen to about 60%
And just on Monday, the conflict between Iran and the U.S. escalated again—Brent crude briefly broke above $90, and WTI broke above $85
Now the problem loops right back to the two words Waller is most worried about: inflation
If oil prices keep rising, inflation will be even harder to bring down, and the Fed will find it even more difficult to ease
Rate hikes remain only a probability, while liquidation has become real and tangible
According to CoinGlass data, over the past 4 hours total liquidations across the entire market amounted to $219 million, including $202 million in long positions—accounting for more than 90%!
But interestingly, the bond market hasn’t fully believed that Waller would really hike in September
The reason is simple:
Waller has been hawkish in the past few months too, but in the end, rates still didn’t move
So what the market is truly betting on now isn’t whether he’s “hawkish” or not—but rather:
This time, will he actually make a move?
This Friday’s nonfarm payrolls (NFP) may be the next card in the game!
$BTC $ETH

[Daily Crypto Market Hotspot Review] August 31: Stablecoins fight for territory, regulation draws red lines, and old “husband chain” projects begin to self-rescue
1. European stablecoins start fighting for market share
Revolut launches the euro stablecoin EURR, while gradually stopping its USDT service for European users.
Behind it is MiCA. USDT is being squeezed out through some compliant channels in Europe, and traditional finance is starting to issue stablecoins itself.
Previously, they were guarding against stablecoins; now they’re coming to do it too.
2. The U.S. draws red lines for offshore stablecoins
The U.S. Treasury Department proposes a new rule: if U.S. platforms want to continue supporting certain offshore stablecoins, they must first conduct due diligence on the issuers, including whether they can cooperate with lawful freezes and seizures.
The rule hasn’t taken effect yet, but the direction is clear:
In the future, stablecoins will be competing not just on scale, but also on compliance.
3. Lisk goes even further: plans to shut down its own chain
Lisk proposes destroying 100 million LSK tokens, while also preparing to end its existing DAO and the Lisk Chain, shifting toward enterprise finance.
An “husband chain” that’s been around for ten years finally finds that nobody wants to play with chains anymore—so it closes the chain as well.
Compared with destroying 25% of the supply, I think this pivot is more worth watching.
Stablecoins are rushing for entry points, regulators are setting rules, and old projects are looking for new paths.
Nothing particularly earth-shattering happened today, but the industry keeps changing.
$UAI $PROM

【Today’s Movers Ranking】Small-cap coins are getting restless again—someone on Alpha already doubled in a day!
Today, the temperature on Binance’s gainers leaderboard is clearly rising.
On the spot market: ZKC +72.04%, PROM +28.85%, and ZKP, AUCTION, UNI are all up more than 15%.
The real madness is Alpha.
“B N L” 24h +143.69%, trading volume around $81.38 million, market cap already at $122 million;
UAI +41.31%, about $4.72 million in volume;
CUDIS, AIO, and CYS are all up more than 20%.
But today you can’t just look at percentage gains—volume matters too.
With the same big rally, “B N L” amplifies both gain and volume; UAI is up more than 40% but volume is only $4.72 million—clearly, the market heat behind the two isn’t on the same level.
On the losers side, CHIP, MOVR, and ONG are all around -10%, with no signals that particularly need to be singled out.
What’s truly worth watching today is that high-volatility assets have started to get active again.
Spot is up +72%, and Alpha is up +143%.
The broader market hasn’t gone wild yet, but small caps are already grabbing the spotlight.
$ZKC $牛来

On the same “cow coming,” one person bet $113 and made nearly ten thousand times; another entered at a high point with $1.51 million.
Even more outrageous: among the top 6 on the profit leaderboard, 5 came from the FOMO platform, while a few in the Chinese community missed out in unison.
The people in front are eating early allocations, while the people in back are putting in real money.
The ten-thousand-times myth is already there—now we’ll see who ends up paying the bill.
$牛来

This address has “killed back” to “Bull Come” again.
Entered 13 days ago, fully cashed out 5 days ago at $0.03162; now it turns around and takes out $1 million to buy in again.

According to monitoring by @ai_9684xtpa, over the past 1 hour the address 0x90c…888ac:
• Spent about $1 million
• Bought 12.25 million “Bull Come”
• During the buying period, its market value briefly surged past $90 million

What’s interesting isn’t the $1 million, but his move:

First build a position → take profit on everything → wait in cash for 5 days → load up and go back in again.

It’s not scary if you can sell.

What’s really telling is that after selling, he still dares to buy back at a higher position—does he genuinely believe in it, or is he preparing for another round of swing trading?

This time, we’ll see whether he comes back to bite off another segment, or whether he’s about to trap himself.
$牛来

[Whale Updates] $65 million anomaly! SOL sees large withdrawals, HYPE gets swept by a whale
The overall market is still under pressure, but whale funds have started moving frequently.
Over the past two days, SOL and HYPE have seen consecutive capital flows in the tens of millions.
$SOL : Two addresses withdrew $33.55 million
5p6zPz withdrew 281,446 SOL from Binance, about $29.68 million
3WzfuP withdrew 37,272 SOL from Kraken, about $3.87 million
Total: 318,718 SOL, about $33.55 million
Note: What can be confirmed right now is that the funds were withdrawn from exchanges. It does not necessarily mean they were just bought moments ago. Whether the next step is staking, moving to a cold wallet, or transferring again needs further observation.
$HYPE : Mysterious whale accumulates $31.5 million over 2 days
0x6436 continuously bought through Hyperliquid, OKX, Bybit, and Gate for 2 days, totaling 387,952 HYPE—total value about $31.5 million
Compared with SOL, this flow is more direct: the same whale is continuously adding to its HYPE position.
$SOL $HYPE

【Daily Crypto Market Hotspot Review】August 29: Macro Cooling, Institutional Divergence, Hackers Working Overtime
After scrolling through everything today, these are the key things worth remembering.
1. The hawkish impact of the Fed is still lingering
After last night’s remarks, U.S. Treasury yields rose, gold dropped, and BTC also slid steadily from above $81,000.
Right now, the biggest contradiction in the market remains: macro policy is hitting the brakes, but spot capital hasn’t fully pulled out.
2. Institutional money is still moving, but it’s starting to split
In recent days, BTC and ETH ETFs saw consecutive net inflows, and BlackRock’s ETHA has also been one of the main buy orders.
However, in the latest day, BTC ETFs turned to net outflows, while ETH ETFs still remain in net inflow territory.
Compared with the question of whether institutions are still here, what’s more worth watching next is: where are institutional funds starting to lean?
3. Hackers weren’t idle in August
Today Fogo had another incident—400 million FOGO tokens were transferred to the attacker’s address. On the other hand, $GOLD also staged a farce involving celebrity-linked accounts, followed by highly concentrated holdings and then a sharp crash.
Both of these were covered separately earlier, so details won’t be repeated here.
Roughly estimated, the losses from major publicly disclosed security incidents in August are already close to $48 million.
Bull markets don’t just bring retail traders back—they also bring hackers back to work overtime.
4. The broader market is cooling off, but small caps are getting even livelier
4. BEAT, and Dragon Lobster, among others, have all shown clear abnormal moves today. Some have new catalysts, while others have huge upside elasticity driven by low market caps and high turnover.
So when you see a big bullish candle, don’t rush to look for a “major positive catalyst.”
Sometimes it’s not that the story got better—it’s that the money suddenly showed up.
What you see after looking through today’s action is actually pretty interesting:
The broader market is digesting macro pressure, institutional funds are beginning to diverge, while small-cap capital is still searching for opportunities everywhere.
On the weekend, the crypto market appears cooled on the surface, but beneath the surface it hasn’t been idle at all.
$4 $CUDIS $GIGGLE

【Today's Movers List｜Yesterday everyone was firing things up everywhere; today the market is clearly cooling down】
In the past few days, the Binance gainers list was jumping around +30%, +50% with no end in sight—today, it's clearly not that crazy anymore.
📈 Gainers list:
ZKP +22.30%｜NIL +20.29%｜GIGGLE +14.27%｜ONG +13.11%
📉 Losers list:
HUMA -21.46%｜HEMI -19.19%｜TUT -16.72%｜FOGO -15.74%
Last night, Waller gave a relatively hawkish speech. BTC fell from above $81,000 all the way down, and on top of that, weekend liquidity dried up—market risk appetite is clearly not as euphoric as it was the past few days.
Today's leaderboard is also very straightforward:
Among the top ten gainers, only two are above 20%, and they're being traded separately with no clear, unified main storyline for now.
Two details are worth paying attention to, though:
DASH is back on the list. These long-dormant old coins have indeed started to show up more frequently lately.
FOGO, on the other hand, is taking a beating. Today's overhang—the Foundation having 400 million tokens stolen—has not been fully digested yet.
Yesterday, the money was still lighting fires everywhere; today, it's more like selectively picking where to ignite.
Let's watch for now over the weekend. For things with real staying power, they'll naturally remain on the board next week.
$ZKP $NIL

From $11.10 down to a dime, a 99%-plunge $BEAT has been dragged back into the spotlight by funds again.
Recently, $BEAT has started to show activity once more.
Putting aside the candlestick chart, the story behind this project actually fits what the market is craving right now:
AI Agent + gaming + music + BNB Chain.
What Audiera wants to do isn’t just ordinary game NPCs, but to let the AI Agent carry its own wallet, make music, play games, and even participate in an economic system to earn tokens.
Total supply is 1 billion tokens; currently, about 330 million are in circulation.
But the issue is clear:
This isn’t some brand-new project that just appeared—it’s an old coin that fell nearly 99% from a $11.10 peak.
So, has the market truly rediscovered something real, or is this an old coin with a new narrative to keep the hype going?
For a coin that drops 99% and then suddenly comes back to life, the upside potential is indeed there.
But rebounding high doesn’t mean it’s really back to being alive.
$BEAT

The old guys from the last bull market suddenly came back to life today.
HNT 24H has surged 76%, with an intraday high nearing a double. It ran from around $0.23 all the way to $0.445, and is now back down to around $0.388.
This time, it’s not like there’s absolutely no story.
Helium recently just published a real-world deployment case in Celina, Texas: directly connect the city’s existing WiFi infrastructure to Helium, turning it into carrier-grade mobile network coverage.
But a 76% jump in a single day clearly isn’t just fundamentals.
Old projects + a new catalyst + higher trading volume + a low market cap—once the money lights the fuse, the upside elasticity shows up immediately.
Now I’m more interested in seeing this:
Has this long-dormant DePIN “old dragon” been remembered by capital again, or is it just a one-day fling?
$HNT