According to Yu Jin monitoring, a whale has accumulated 30,654 ETH (worth 88.43 million US dollars) through a cycle loan with an average price of 2,885 US dollars per ETH. Starting from September 7th, the whale began to sell ETH and has basically completed the clearance, selling 28,564 ETH (worth 64.9 million US dollars) at an average price of 2,272 US dollars, with a loss of up to 17.51 million US dollars.

On September 9th, DeBox, a Web3 social platform based on DID, announced its token economics for its native token BOX, with a total supply of 1 billion. The distribution is as follows:

Starknet announced its first on-chain governance vote from September 10th to 13th Beijing time, marking an important milestone in its decentralization process. This vote will determine the token minting curve for staking rewards, paving the way for the first stage implementation of the Starknet staking mechanism. All STRK token holders can participate in the vote, but must complete the voting power delegation before 12:00 noon on September 10th.

DAO governance platform Snapshot X has officially launched. The platform has introduced a new Layer 2 protocol that enables zero gas fee on-chain voting for DAOs through Starknet's rollup technology. Jeremy Musighi, COO of Snapshot Labs, said that this is a turning point for on-chain governance, as it is the first time that DAOs can provide free on-chain voting for the community, increasing decision-making participation. Snapshot X uses STARK scaling technology and storage proofs to achieve cross-chain secure voting without the need to transfer tokens or pay gas fees. The system also uses a transaction relay Mana to allow users to sign votes with their Ethereum wallets and then relay the votes to the Starknet network. To demonstrate its functionality, Snapshot X will first conduct a governance vote on a new staking proposal within the Starknet community.

According to data from Bloomberg, 12 US spot Bitcoin exchange-traded funds (ETFs) saw a net outflow of $1.2 billion over 8 days. Despite the outflow, the performance of cryptocurrency ETFs still outperformed over 400 new ETFs in 2024, with the four largest ETFs being spot Bitcoin ETFs. In the first week of September, the price of Bitcoin fell from its high of $64,668 on August 26th to a low of $53,491 on September 7th. This means that the price of Bitcoin fell by 17.28% in just two weeks. However, analysts say that historically, Bitcoin has not performed well in September.

According to a report by CoinShares, the total outflow of digital asset investment products reached $726 million last week, which is equivalent to the largest outflow record set in March this year. Analysis indicates that this negative sentiment was driven by stronger-than-expected macroeconomic data last week, which increased the possibility of a 25 basis point cut by the Federal Reserve. Bitcoin had a total outflow of $643 million, with $3.9 million in short Bitcoin inflows. Ethereum had a total outflow of $98 million, while Solana had the highest inflow of funds among all cryptocurrencies, totaling $6.2 million.

The US presidential election has gradually faded from people's sight, and investors' attention has shifted to the Federal Reserve meeting on September 18. Any policy mistakes could disrupt the market, which is already nervous due to signs of economic growth slowdown. Rocky Fishman, founder of derivatives analysis company Asym500, said, "The main focus of the market in recent times may be on the Federal Reserve and the beginning of the interest rate cut cycle. Although stock options have reflected higher risks around the election day, the actual trading volume of options related to the election has been limited." Traders are also waiting for the debate between Harris and Trump on Tuesday to further determine their bets on who will win the election. Investors will analyze the candidates' positions on issues such as tariffs, immigration policies, and corporate taxes. John Divine, head of over-the-counter trading at digital asset trading and technology company Block Fills, said that the short-term positioning of Bitcoin is exceptionally bleak. He said, "The current bet is bearish before October 25th, and slightly bullish before the election. When looking at November, we begin to see that the call options are trading at higher prices than the put options, but this is not the case, which is quite shocking to me and highlights the panic in the market." Divine added that although Trump is more favored by the cryptocurrency market, the boundaries of who supports the crypto industry are becoming increasingly blurred. "I don't think the market is trading entirely for the winner of the November election. More importantly, they are using this event to push the narrative that fits the current bearish stance."

Arbitrum announced on the X platform that the first Infinite Rainbows NFT supported by Stylus is now available for free Minting. The free Minting is only available at http://mintstylus.xyz and runs from September 9th to October 6th.

 Wintermute deposited 101 BTC (approximately $5.67 million) into Bitfinex 5 hours ago, as monitored by The Data Nerd. Within 24 hours, Wintermute has deposited a total of 575 BTC (approximately $32.34 million) into Binance, Kraken, and Bitfinex.