Morning News | US non-farm payrolls revised down by 911,000; UPBIT lists Worldcoin (WLD)
Overview of Important Market Events on September 9整理：Zhou，ChainCatcher
Important News:
- U.S. Non-Farm Payrolls Revised Down by 911,000, Increasing Pressure for Fed Rate Cuts
- Ethena Labs Releases Proposal to Bid for Hyperliquid's USDH Stablecoin Issuance Rights
- New White House Cryptocurrency Advisor: Establishing a U.S. Federal Cryptocurrency Reserve is a Priority Task
- Coinbase Adds Kamino (KMNO) to Listing Roadmap
- Bloomberg Analyst: REX-Osprey Dogecoin ETF Set to Launch on Thursday
- OSL Announcement: Crown Research, Controlled by Liu Shuai, Subscribes for Over 700 Million HKD in Additional Shares
Important Data from Yesterday
According to ChainCatcher, based on SoSoValue data, the total net inflow for Bitcoin spot ETFs yesterday (September 8, Eastern Time) was $368 million.
The Bitcoin spot ETF with the highest single-day net inflow was Fidelity ETF FBTC, with a net inflow of $157 million, bringing its historical total net inflow to $11.934 billion.
Next was the ETF ARKB from Ark Invest and 21Shares, with a single-day net inflow of $89.4675 million, currently having a historical total net inflow of $2.101 billion.
As of the time of publication, the total net asset value of Bitcoin spot ETFs was $145.414 billion, with an ETF net asset ratio (market cap relative to total Bitcoin market cap) of 6.52%, and a historical cumulative net inflow of $54.856 billion.
According to ChainCatcher, based on SoSoValue data, the total net outflow for Ethereum spot ETFs yesterday (September 8, Eastern Time) was $96.6862 million.
The Ethereum spot ETF with the highest single-day net inflow was Fidelity ETF FETH, with a net inflow of $75.1534 million, currently having a historical total net inflow of $2.553 billion.
Next was Grayscale's Ethereum Mini Trust ETF ETH, with a single-day net inflow of $11.3097 million, currently having a historical total net inflow of $1.395 billion.
The Ethereum spot ETF with the highest single-day net outflow was Blackrock ETF ETHA, with a net outflow of $193 million, currently having a historical total net inflow of $12.620 billion.
As of the time of publication, the total net asset value of Ethereum spot ETFs was $27.386 billion, with an ETF net asset ratio (market cap relative to total Ethereum market cap) of 5.28%, and a historical cumulative net inflow of $12.629 billion.
3. REX-Osprey SOL Spot ETF Has Cumulative Net Inflow of $195.1 Million Since Launch
According to ChainCatcher, based on monitoring by Farside Investors, the REX-Osprey SOL spot ETF has seen a cumulative net inflow of $195.1 million since its launch. The REX-Osprey SOL spot ETF (SSK) is the first ETF in the U.S. to combine SOL spot price exposure and staking rewards, jointly launched by REX Shares and Osprey Funds, and listed on Nasdaq on July 2, 2025.
4. U.S. Non-Farm Employment Benchmark Change Preliminary Value -911,000, Expected -700,000
5. Data: Upbit 24-Hour Trading Volume Soars, XRP, ETH, KAITO Rank in Top Three
According to ChainCatcher, based on CoinGecko data, Upbit's trading volume surged in the past 24 hours, increasing by 80.2%, reaching $3.08 billion. The XRP/KRW trading pair accounted for 12.48% of the trading volume, ranking first in the Korean won trading market, followed by ETH, KAITO, SOL, and USDT.
Arizona State Retirement Fund Adds $2 Million Investment to Strategy
Data: Blackrock Deposited 44,774 ETH and 900 BTC to Coinbase Prime, Totaling Nearly $297 Million
Project Updates from Yesterday
According to ChainCatcher, citing Jinshi data, sources say that stablecoin issuer Figure plans to increase its IPO size, proposing to raise shares from 26 million to 31.5 million, with the IPO price range adjusted from $18 to $20 to $20 to $22.
According to ChainCatcher, Ethena Labs has released a proposal requesting the community and validator group to consider the USDH token designation, proposing to launch a stablecoin centered on the Hyperliquid platform. This stablecoin will integrate the professional experience and resources accumulated by Ethena and its partners in practice, emphasizing security, community co-construction, and compliance.
According to ChainCatcher, Binance will hold a Sidekick (K) trading competition from September 10, 2025, 00:00 to September 24, 2025, 00:00. During the event, users trading K tokens through Binance Wallet (without private keys) or Binance Alpha can share 65,000,000 K token rewards, with the top 12,500 users each receiving 520 K tokens. Please ensure you have updated the Binance App and created a Binance Wallet to participate.
4. Binance Launches One-Click Purchase, Instant Exchange, and Leverage Trading for USDe (USDE)
According to ChainCatcher, Binance will launch one-click purchase and instant exchange trading features for USDe (USDE) at 19:30 on September 9, 2025, allowing users to purchase USDe via credit cards, debit cards, and other methods. USDE can be traded within one hour after its launch on Binance spot. Additionally, Binance leverage will add USDE as a borrowable asset and USDE/USDT, USDE/USDC leverage trading pairs at 20:00 on the same day.
5. Binance Launches Linea (LINEA) and Introduces Trading Challenge Event
According to ChainCatcher, to celebrate the launch of Binance's latest token Linea (LINEA), Binance will kick off a trading challenge event at 23:00 on September 10, 2025, where users can share a prize pool of up to 90,000,000 LINEA token vouchers, with the event ending at 23:00 on September 24, 2025.
6. UPBIT Launches Worldcoin (WLD) and Supports KRW, BTC, USDT Trading
According to ChainCatcher, UPBIT will launch trading for Worldcoin (WLD) at 21:30 on September 9, 2025, supporting KRW, BTC, and USDT markets. Users can deposit within two hours after the announcement, with deposit networks including World Chain, Ethereum, and Optimism.
7. OKX CEO Star: Partnering with Tether to Upgrade X Layer, Introducing USDT to Strengthen Stablecoin Infrastructure
According to ChainCatcher, OKX CEO Star stated on X that OKX is collaborating with Tether to upgrade its Ethereum Layer 2 network X Layer; by introducing USDT to X Layer, they aim to build a stablecoin infrastructure for the network. Star emphasized that this is just the beginning, with more dApps, assets, and applications to be integrated, bringing more business activities on-chain and achieving a more complete on-chain ecosystem. It is reported that USDT 0 supported by Tether has now landed on X Layer, OKX exchange, and OKX Wallet.
8. Truth Social and Truth+ Will Allow Users to Exchange "Gems" Earned for CRO Tokens
According to ChainCatcher, citing Globenewswire, Trump Media & Technology Group announced that it has updated the Truth Social app to add new features and enhancements to the Truth Social platform. Enhancements include: 1. Edit tweets; 2. Server-side drafts; 3. Scheduling; 4. All Patriot Package subscribers will receive Truth Gems, which will become part of an updated rewards system allowing Truth Social and Truth+ users to exchange gems earned from participating in various platform activities for Cronos (CRO) and other benefits using Crypto.com's digital wallet infrastructure.
9. Blueport Interactive Announces Cryptocurrency Holdings and Launches Ethereum and SOL Staking Program
According to ChainCatcher, citing Zhitong Finance, Blueport Interactive (08267) announced that the group holds: 116 units of Bitcoin, 663 units of Ethereum, and 7,692 units of Solana (SOL), along with its affiliated companies holding a total of 212 units of Bitcoin, 2,040 units of Ethereum, and 10,513 units of SOL.
10. Swedish Listed Company PixelFox AB Invests 100,000 SEK to Increase ETH Holdings
According to ChainCatcher, Swedish listed company PixelFox AB announced that it has invested 100,000 SEK to increase its ETH holdings as part of its digital asset strategy framework, reportedly funded from the company's own funds, and has staked all purchased ETH.
11. Luxor Announces Partnership with Canaan to Provide Financing Support for Bitcoin Mining Machines
According to ChainCatcher, citing The Miner Mag, Luxor has partnered with Canaan to provide financing support for Bitcoin mining machines. The first project of this collaboration helped a U.S. institutional miner procure over 5,000 Avalon A15 Pro mining machines in August. The financing plan offers competitive rates and lower collateral requirements, funded by Luxor's lending partners. As the hardware arms race among North American Bitcoin mining companies cools, Canaan hopes to promote institutional adoption of its equipment through financing options and support sales growth.
12. USDC Treasury Mints 250 Million USDC on Solana Chain
According to ChainCatcher, based on monitoring by Whale Alert, USDC Treasury has minted 250 million USDC on the Solana chain.
Investment and Financing Updates from Yesterday
Institutional Staking Market Gyld Finance Completes $1.5 Million Financing, Led by Lightshift
Reuters: Nasdaq Plans to Purchase $50 Million Stake in Gemini via Private Placement
U.S.-listed Solana Treasury Company Artelo Biosciences Completes $3 Million Equity Financing
Regulatory & Policy Updates from Yesterday
4E: Nasdaq Submits Tokenized Stock Application, Strategy May Join S&P 500
Meme Popularity Rankings
According to data from the meme token tracking and analysis platform GMGN, as of September 10, 12:00,
The top five popular Ethereum tokens in the past 24 hours are: CHIMP, MHRD, Xiaobai, IRYNA, ENA
The top five popular Solana tokens in the past 24 hours are: PIXEL, 卐, LILPEPE, RTRCTO, NOETIK
The top five popular Base tokens in the past 24 hours are: CLANKER, BNKR, LUM, QR, DRB
"What Are the Must-Read Articles from the Past 24 Hours"
Interview with ETHZilla CEO: Can ETH Treasury Replicate Bitcoin's Institutional Path?
Ryan: Tom Lee currently holds 1.5 million ETH (worth about $7 billion), can you catch up? What plans does ETHZilla have to accumulate a large amount of ETH?
Mac: We continue to purchase ETH from the market, with a current spot reserve of $1 billion. Our operating model is highly similar to Tom Lee's early immersive trading phase with Bitmine.
Avichal: The 5% ETH holding target set by Tom Lee may face diminishing marginal returns. Although the flywheel effect can continue to accumulate through compounding, excessive holdings may negatively impact the ETH ecosystem. If he actively adjusts his strategy, it will provide a value recovery window for major holders like SBET and Joe Lubin, as well as for ETH.
Starting a Business in the Consumer Crypto Space: What No One Tells You
In the past two to three years, many people equate growth with PMF. But in the consumer crypto space, this equation is most likely to fail: the growth you see may just be a magnifying glass of speculation, word-of-mouth support, or cyclical dividends. What truly determines life and death is retention and real usage motivation, as well as whether you can generate stable, reusable signals in a small, fragmented market constantly diverted by tokens and zombie projects.
Hyperliquid Airdrop Project Overview: Uncovering Golden Opportunities in the HyperEVM Ecosystem
Following Hyperliquid's successful completion of a first-quarter airdrop valued at approximately $1.2 to $1.6 billion, the HyperEVM ecosystem has become one of the most active ecosystems for airdrop opportunities in the crypto space. Currently, about 38.9% of the HYPE supply (approximately 389 million tokens, worth hundreds of billions of dollars) is reserved for future incentives, providing significant opportunities for early participants.
Seven Reasons to Be Bullish on Hyperliquid: The Evolution from DEX to L1 Ecosystem
In the cryptocurrency space, there are very few decentralized projects that can truly challenge the dominance of centralized exchanges. Hyperliquid is one of the most notable, achieving breakthroughs not only at the product level but also demonstrating unique competitive advantages in its economic model and ecosystem building. Just like the explosive growth of the Solana ecosystem at the end of 2023, the Hyperliquid ecosystem is currently in a similar early explosive stage.
OKX and Bitget Successively Conduct Large Token Burns, Heightening Exchanges' L2 Anxiety
This month, the competitive landscape of CEX public chains has changed again. Bitget announced a strategic partnership with Layer 2 public chain Morph, upgrading its platform token BGB to serve as the gas token and governance token of the Morph ecosystem, marking another exchange's entry into the "CEX + L2" battle.
As part of the collaboration, Bitget transferred all 440 million BGB it controls to the Morph Foundation, with 220 million being immediately burned and the remaining 220 million locked for ecosystem support and gradual release. Following the completion of the burn, the market price of BGB surged, rising 14% within 24 hours, from a high of $4.63 to $5.28, reaching a new high since early August 2025.
Risk warning
Risk warning
