redeem

The founder of the WHUF project posted on X that the WHUF trading price is below the ICO price. He stated that the price guarantee is functioning as designed, and the redeemed WHUF will be destroyed and permanently removed from circulation. The team originally expected this mechanism to reduce sell-offs close to $3.57, but 23% of the original purchase amount did not receive guarantees within the protection window, which currently constitutes the largest outflow.The founder mentioned that the team focuses liquidity on Coinbase, hiring two market makers and allocating 175 basis points of centralized exchange liquidity, with only about 25 basis points on-chain. The launch pool has about 20,000 WHUF and less than $100,000 USDC, with auction buyers selling about 101,000 WHUF in the first hour after unlocking. A single $10,000 sell order caused the price to fluctuate nearly 20%. Of the 1,402 auction wallets, 298 sold, with 92% occurring in the first 3 hours. The team refused to pay for listings, and the exchange's +/-2% depth sometimes only amounts to $10,000 to $40,000. Of the $7.14 million raised from the ICO, $7.14 million has been reserved for price protection.The founder stated that if the auction is redone, they would choose Uniswap CCA and use the Sonar platform fees to inject liquidity. Redemptions must check against the sanctions list, and Sumsub has flagged 5 individuals who did not pass, with reasons including terrorism and crime. Redemptions for non-sanctioned users have been automated, and the team will return USDC in batches and destroy the corresponding WHUF, which is expected to take at least several days. At the time of the project's issuance, 20% of the supply was sold, mainly raised from the community, and provided protocol usage rewards and ICO price protection.

According to Ember Monitoring, the address under the development team HyperLabs of the decentralized perpetual contract exchange Hyperliquid applied to unstake 3.75 million HYPE (worth approximately 332 million USD) 7 days ago and has successfully completed the redemption 2 minutes ago.

The decentralized lending protocol Abracadabra initiated a vote on Snapshot, proposing to liquidate the entire protocol, converting the remaining collateral assets into ETH, and proportionally compensating MIM stablecoin holders. The team estimates that the recoverable asset support is approximately 900,000 USD, while the scale of bad debts borne by the protocol reaches up to 21 million USD.According to the proposal, MIM holders are expected to recover only about 0.04 USD for every 1 USD of face value. If the vote passes, Abracadabra will officially enter the liquidation process, and the remaining collateral will be converted into ETH for compensation.

According to Bitcoin Magazine, the Bitcoin fintech company Castle announced that it will open its automated Bitcoin financial stack to individual users and launch a pioneering feature in this category: users can choose to receive dividend income in cash or Bitcoin at any ratio.Castle's revenue comes from the perpetual preferred stock STRC issued by Strategy, which was incorporated into the platform earlier this year and currently pays an annualized dividend of 12% on a semi-monthly basis. Users can receive 100% of the dividends in cash, convert 100% to Bitcoin, or choose any ratio between the two. According to the company, most users opt for a compromise solution, using cash to cover daily expenses while automatically reinvesting the remaining portion into Bitcoin with each dividend payout.Castle co-founder and CTO João Almeida stated that investors have long faced a dilemma of choosing between stable income and holding Bitcoin. Castle allows users to achieve both cash flow and long-term upside by automatically converting a portion of the dividends into Bitcoin. Previously, Castle only catered to business clients such as restaurants, gyms, accounting firms, and e-commerce; the opening of personal accounts was due to repeated requests from business owners. Castle was co-founded by Almeida and CEO Stephen Cole and has received investments from Boost VC and Winklevoss Capital.

A Bitcoin wallet created in 2016 transferred 1260.77 BTC at block height 965770, with the funds being sent to an unknown P2WPKH address. The wallet was created on July 9, 2016, when the holdings were valued at approximately $819,500, and the current value has exceeded $10 million.Nearly 75 Casascius physical Bitcoins were redeemed six days before September. On September 3, 14 first series Casascius Bitcoins were redeemed, about 15 the next day, and on September 5, a single day reached 40. Casascius physical Bitcoins were produced by Mike Caldwell from 2011 to 2013, made of materials including brass, silver, and gold-plated, with embedded digital BTC. The so-called "peeling" or "redeeming" refers to removing the coin hologram sticker and using the private key inside to transfer digital BTC.

According to on-chain analyst Yu Jin's monitoring, at the end of July, a whale or institution that redeemed 2.886 million HYPE from staking has completed liquidation, transferring the last 969,000 HYPE ($79.18 million) to Coinbase Prime and FalconX 20 minutes ago.They accumulated and staked it at around $19.8 at the beginning of last year, and liquidated it at around $64.9 in the past month, making a profit of $132 million (+228%).

According to on-chain analyst Ai Yi's monitoring, Justin Sun redeemed 5,000 ETH from Lido, of which 3,500 flowed to Poloniex and subsequently entered a hot wallet address, with the specific use unknown; another 1,500 were deposited into Morpho.Justin Sun still holds over 243,000 ETH on-chain, worth over 600 million dollars, ranking 4th among ETH holding entities, with a holding amount exceeding that of the Ethereum Foundation.

According to on-chain analyst Yu Jin's monitoring, the HyperLabs address (0x43e9...a251) applied to redeem 433,000 HYPE from staking 10 minutes ago, worth 36.14 million USD. This HYPE will complete the staking withdrawal in 7 days, on September 6. According to previous records, these HYPE will be transferred to a centralized exchange through the market maker Flowdesk after the withdrawal.

Phantom and Sui have decided to stop supporting Sui on Phantom on September 24 and will keep the possibility of exploring other collaborations in the future.Before September 24, users can migrate their wallets to other applications that support Sui, or exchange Sui for other assets supported on Phantom, and Phantom will waive the fees.

According to on-chain analyst Yu Jin's monitoring, the Hyperliquid development team HyperLabs redeemed 433,000 HYPE from staking early yesterday morning, worth $24.25 million, and has now sold it through the market maker Flowdesk.In the past few hours, 165,000 HYPE, worth $9.23 million, has been transferred to the market maker Flowdesk; 75,000 HYPE, worth $4.19 million, has been transferred to Hyperliquid and sold for USDC; another 90,000 HYPE, worth $5.04 million, has been transferred to OKX and Bybit.

Bitget launches the "Flash Football Cup" contract trading event, which runs from July 13 to July 20. During the event, users who complete the specified contract trading volume tasks can receive corresponding USDT rewards; if users reach the specified threshold of cumulative contract trading volume within 72 hours after registration, they can also receive an additional viewing-related gift.In addition, users who complete tiered trading volume tasks can earn points, which can be used to redeem World Cup-related physical merchandise and USDT rewards. The physical prize pool includes signed jerseys from stars like Cristiano Ronaldo, Lionel Messi, Erling Haaland, and Luka Modrić, as well as special edition collectibles from Wuliangye and Labubu.

According to on-chain analyst Yu Jin's monitoring, the exchange Kraken redeemed 50,600 ETH (107 million USD) from the restaking project EigenCloud. The total TVL of the restaking sector has dropped from 31 billion USD in August last year to 11 billion USD, and the TVL of the leading EigenCloud (formerly Eigenlayer) has decreased from 22 billion USD to 5.5 billion USD.

According to on-chain analyst Yu Jin's monitoring, a certain address has just applied to redeem 892,000 HYPE on the HyperEVM chain, worth $55.09 million; the redemption takes 7 days and is expected to be completed next Thursday evening. After the redemption is successful, it may continue to transfer to Hyperliquid for profit-taking sales.

According to the official announcement, the second phase of the Gate contract points lottery has officially started, with two major prize pools set up.Among them, users holding Gate contract points ≥50 can consume 20 points to participate in the 20 GUSD lottery, with a total of 5,000 winning spots; users holding points ≥40 can consume 20 points to receive a 100 USDT position experience voucher, with a total of 3,000 spots available.In addition, participants must upgrade the Gate App to version 8.18.0 or above to participate, and the web version is also open. The GUSD lottery time is from May 15, 18:00 to May 18, 18:00 (UTC+8), and the voucher prize pool redemption time is from May 18, 18:00 to 23:59 (UTC+8). Rewards are expected to be distributed to user accounts within 1 hour after the event ends.

According to on-chain analyst Yu Jin (@EmberCN), the suspected investment fund address gammafund.eth redeemed 5,555 ETH from ether.fi about 6 hours ago, worth approximately $12.53 million, and transferred it to Binance.This address previously purchased 11,215 ETH at a price of about $1,999 each in March this year, totaling approximately $22.42 million; based on the cost corresponding to this transfer, it has an unrealized profit of about $2.87 million. Additionally, this address currently has about 5,500 ETH still in the redemption application, which may be completed next week.

According to Onchain Lens monitoring, the Ethereum Foundation redeemed 21,271 ETH from the Lido stETH withdrawal contract, worth approximately 49.66 million USD.

The GnosisDAO community has released a proposal to "allow GNO holders to proportionally redeem their entitled treasury shares." The proposal aims to allow GNO holders to exchange their tokens for a proportionate share allocated from the GnosisDAO treasury. Non-participants will retain their GNO and continue to enjoy all economic rights brought by the ongoing operations of the DAO, with liquidity and semi-liquid treasury assets distributed based on net asset value.Illiquid off-chain investments and enterprise value will be handled through the synthetic gLTD-CLAIM, which grants participants a fixed proportion of future dividends from the aforementioned asset pool once the capital deployed by the DAO exceeds the principal recovery threshold after redemption. The redeemed GNO will be burned, thereby permanently reducing the effective circulating supply.As of the time of publication, the current opposition rate for this proposal is 64.81%.

According to on-chain analyst Yu Jin's monitoring, in the past half hour, a SOL staking whale redeemed all 300,000 SOL (26.07 million USD) from staking and then transferred it to Binance.

According to on-chain analyst @ai_9684xtpa, Sun Yuchen redeemed 53,665 ETH from Aave 5 hours ago, worth $126 million, and this portion of ETH is still in the wallet and has not been transferred.

Resolv releases the latest progress on the hacking incident. In the past two days, the pre-liquidation USR wallet has redeemed over 77 million USD, accounting for more than 90% of the total amount for that group. Significant progress has been made in the first phase of recovery work.Currently, the redemption process for this group is actively being completed, and subsequent phases of work will also be carried out to cover the remaining user group.