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According to Onchain Lens monitoring, over the past few months, four wallets have withdrawn a total of 675,000 HYPE (approximately 53.92 million USD) from Coinbase. These funds were then transferred to Hyperliquid and staked.

Bitcoin fell back on Friday afternoon, ending a strong rally driven by ETF inflows. As of Friday afternoon New York time, Bitcoin was at $77,379, down more than 3% in 24 hours, having reached a high of $81,281 earlier this week. Federal Reserve Chairman Kevin Warsh stated in his first major speech since taking office that there is "more work to be done" in combating inflation, which cooled market sentiment.The previous rally was mainly driven by liquidity. The U.S. spot Bitcoin ETF saw a net inflow of $1.14 billion this week, with over $3 billion accumulated in the past 9 days, of which BlackRock's iShares Bitcoin Trust received the largest share. Last week, the U.S. Treasury announced it would double the size of its liquidity support repurchase operations, further boosting Bitcoin's rally.Analysts believe this round of market activity is closely related to "currency devaluation trades"—investors view Bitcoin as a hedge against currency devaluation and excessive government spending. The total amount of U.S. Treasury debt surpassed $40 trillion for the first time this month, further reinforcing market concerns about the dilution of fiat currency purchasing power.

According to Gate market data, ETH/USDT is currently priced at $2447.83, with a 24-hour decline of 2.99%.

According to Cointelegraph, Bitcoin failed to effectively break through the $80,000 mark, with BTC/USD dropping to $78,442 on the Bitstamp platform, a decline of about 1% for the day, after Federal Reserve Chairman Kevin Walsh delivered a cautiously toned speech in Jackson Hole. In his speech, Walsh reaffirmed the Fed's commitment to the 2% inflation target and downplayed the significance of the recent decline in CPI and PCE data.Walsh stated that although these broad inflation indicators have significantly retreated from their highs a few years ago, the progress over the past two years has been relatively modest. The better-than-expected PCE and CPI readings this summer do not indicate that the underlying trend has materially improved. He also noted that the forward guidance, a conventional practice introduced during the financial crisis, "is now outdated" and will not return in the future. U.S. stocks were not weighed down by his remarks, with the S&P 500 and Nasdaq indices both rising by about 0.5%.On-chain data shows that there is a dense resistance zone between the current spot price and $86,000, which suppresses upward momentum. QCP Capital analysis pointed out that even if the price breaks through, the derivatives market needs to support it by controlling funding rates and the growth rate of open interest. The key is whether the subsequent market movement is driven by spot participation or leveraged positions. As of the time of writing, BTC/USD has risen 26.35% this month, marking the best August performance since 2017.

U.S. short-term Treasury yields rose. Federal Reserve Chairman Waller emphasized in a highly anticipated speech that the Fed needs to curb rising consumer prices, alleviating some market concerns about its ability to combat inflation.During Waller's speech, short-term U.S. Treasuries were sold off, while long-term Treasuries rose. The yield on the two-year Treasury increased by 5 basis points to 4.28%, while the 30-year yield decreased by 1 basis point to 5.19%. These changes indicate that the market expects the Fed may need to raise short-term rates. Since Waller held his first press conference in June, bond traders have had doubts about his policy stance. At that time, Waller emphasized the need to lower inflation and showed a hawkish stance.Since the global economy reopened from the pandemic in 2021, U.S. inflation has remained above the Fed's 2% target. However, in July, the Fed again kept rates unchanged, and Waller did not indicate whether a rate hike might occur this year. Subsequently, long-term Treasury yields surged as traders demanded higher returns to compensate for the risks posed by rising inflation.Waller warned on Friday that inflation has not shown meaningful signs of slowing and stated that policymakers must be confident that inflation is improving; otherwise, the central bank "has work to do." He also reiterated that policymakers will bring the inflation rate back to the 2% target and emphasized that this goal is clear and fixed.

According to Catcher Predict monitoring, in the "Federal Reserve September Decision" event on the prediction market Polymarket, the sub-market "No Change" option's winning probability has experienced significant fluctuations, dropping from 69.5% an hour ago to the current 54.5% (a fluctuation of 15%). Please note the impact of relevant breaking news.

According to monitoring by Lookonchain, the 6000 BTC lost by Irish drug dealer Clifton Collins due to a lost private key has been transferred again, with 500 BTC moving to Coinbase Prime, valued at 39.56 million USD.

According to Gate market data, since Federal Reserve Chairman Waller's speech, spot gold and silver have significantly retreated in the short term. Gold rebounded slightly after falling about 100 dollars from its high, reaching a low of 4530 dollars/ounce and currently reported at 4560 dollars/ounce; silver plummeted over 1 dollar during the day, hitting a low of 68.1 dollars/ounce and currently reported at 69.0 dollars/ounce.

Federal Reserve Chairman Waller stated on Friday that if policymakers cannot be confident that inflation is "declining at a clear and sufficiently rapid pace" back to 2%, the Fed "has work to do." This suggests that if price pressures do not improve, the Fed may raise interest rates next.Waller made it clear that he still adheres to the Fed's long-standing policy path of managing inflation through interest rate adjustments. This significantly increases the likelihood of the Fed's next step being a rate hike, which could create a divergence between him and President Trump, who has long sought rate cuts. This statement essentially eliminated the ambiguity that had been left previously. At the press conference at the end of July, Waller declined to respond extensively to whether a rate hike was needed to address the inflation issue, which has significantly risen this year and has been above the Fed's target for more than five consecutive years.

Federal Reserve Chairman Waller stated, "Although the PCE and CPI data released this summer were better than expected, they did not convince me that there has been a meaningful improvement in the underlying trend of inflation." "Market prices reflect that the market believes we will achieve price stability. I can assure you that the market's judgment is correct."Waller then stated that with inflation rates above 2%, the Federal Reserve's "current top priority should be prices." This highly anticipated speech by Waller comes at a time when there is criticism of its streamlined communication strategy. Economists and market participants believe that this strategy lacks clear articulation regarding the recent economic and monetary policy outlook.Waller's speech seems to address these concerns, as he elaborated more deeply than before on his views regarding the economic situation and the focus of Federal Reserve policy under his leadership. He said, "Let us also clarify another aspect of our goals: price stability will not be achieved automatically, and inflation will not necessarily return on its own. Achieving price stability is the responsibility of the Federal Reserve." It is expected that Waller will not answer questions posed by on-site central bank officials and economists.

Federal Reserve Chairman Waller warned that inflation has not shown meaningful signs of slowing down and stated that policymakers must be confident that inflation is moving in the right direction; otherwise, the central bank "has work to do." Waller reiterated that the Federal Reserve will bring the inflation rate back to the 2% target. He stated that this is a clear and fixed goal.Waller said, "My standard is that we must be confident that underlying inflation is moving toward our target, and the pace must be clear enough and fast enough. Otherwise, we have work to do. That is our responsibility."Waller also stated that current financial conditions are not restrictive, and interest rates are the "primary tool" for the Federal Reserve to fulfill its responsibilities.

U.S. short-term interest rate futures fell, with market pricing indicating an increase in bets on a Federal Reserve rate hike following remarks by Fed Chair Waller.

According to Lookonchain monitoring, the Lazarus Group hackers transferred 244.148 Bitcoins, worth 19.42 million dollars.

According to Arkham monitoring, addresses related to Grayscale Bitcoin Trust transferred 340.449091 BTC to two addresses including Coinbase Prime Deposit, worth approximately $26.9186 million.

Federal Reserve's Harker stated that the Federal Reserve should take action to raise interest rates, as waiting will only bring pain, and does not believe that financial conditions are in a tightening state.

Messari researcher Anastasiia stated that the new version of Ethena's fee switch is proposed to trigger based on the 14-day average supply of USDe, gradually increasing the revenue extraction ratio at thresholds of $7.5 billion, $10 billion, $15 billion, and $20 billion, and redirecting part of the revenue originally used for sUSDe staking, partners, and Aave leveraged operations towards ENA buybacks.Backtesting shows that during the activation of the switch, the annualized buyback scale is approximately $52.7 million, equivalent to 3.36% of ENA's market cap at the reported price; at the same time, about 9.3% of activation days will cause the yield of sUSDe to fall below that of sUSDS.The Ethena Foundation released four ecological adjustments, including the launch of a buyback ENA governance proposal and the cancellation of monthly VC unlocks.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "LoL: HANJIN BRION vs BNK FEARX (BO5) - LCK Play-In," the "Yes" option win rate for the sub-market "Both teams kill a dragon" has experienced a dramatic fluctuation, soaring from 51.45% an hour ago to the current 90% (a fluctuation of 38.55%). Please note the impact of related breaking news.

The Slow Fog security team recently disclosed the discovery of a malicious GitHub repository impersonating the "Qwen 3.8 27B local quantitative model." The repository claims that the model file should exceed 16GB, while the actual downloaded content is only about 487KB, containing disguised files, a LuaJIT interpreter, and obfuscated Lua scripts. Slow Fog emphasizes that the official Qwen project has not been compromised.Slow Fog's analysis indicates that after the malicious program runs, it will collect host information, capture the screen, and send it to the attacker's C2 server; when the hard-coded server fails, it will also read backup C2 addresses from contracts on the Polygon chain, allowing the attacker to rotate infrastructure through on-chain transactions.Subsequent payloads can steal browser login information, cookies, history, email, WinSCP, Steam credentials, as well as files and extension data related to cryptocurrency wallets. Slow Fog also found that at least 23 GitHub repositories and 29 similar compressed packages used the same Lua delivery chain.

On August 20, MANTRA Chain released a complete review report of the security incident, confirming that the attacker exploited an unsigned integer underflow vulnerability in the balance accounting layer of the upstream dependency cosmos/evm, unauthorizedly transferring a total of 720,923,967.99 MANTRA from two addresses, valued at approximately 3.6 million dollars based on the price before the attack. Among them, the attacker transferred 600,000,035.56 MANTRA from the on-chain burn address and 120,923,932.44 MANTRA from a genesis-era multi-signature address related to an early incentive program.MANTRA stated that this incident did not involve the leakage of validator keys, administrator privileges, governance control, or multi-signature signers; the attacker did not require privileged access and could complete the attack solely through unauthorized contract deployment and self-funded wallets. The first abnormal transfer occurred at 19:06 UTC on August 20, when the attacker transferred approximately 600 million MANTRA from the burn address; subsequently, at 22:59 UTC, another transfer of approximately 120.9 million MANTRA was made. The chain subsequently stopped operating at 23:13 UTC and resumed after upgrading to v8.4.0. The entire network interruption lasted for 30 hours and 13 minutes.This vulnerability was not an issue with MANTRA's self-developed code but originated from the cosmos/evm module, which is responsible for providing EVM functionality on the Cosmos SDK. The vulnerability allowed the attacker to execute unsigned balance deductions without checking if the balance was sufficient, causing an overflow of values and bypassing normal account authorization logic. MANTRA stated that as of today, no funds have been recovered, with approximately 37.96 million MANTRA (accounting for 5.27% of the total transferred) still remaining in the attacker's address, which has been frozen due to the chain's suspension and v8.4.0 restrictions. The remaining funds have flowed to related trading platforms, and the recovery efforts have entered the law enforcement investigation stage. In the future, monitoring of accounts that cannot normally authorize transfers, burn addresses, and other historically "non-transferable" addresses will be strengthened, and efforts will be made to promote improvements in the security vulnerability disclosure process within the Cosmos ecosystem.

According to OnchainLens monitoring, a certain whale unstaked 907,200 HYPE tokens, worth approximately 7.59 million USD, after staking for 4 months, and transferred them to the Bybit platform.