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first_img Morpho will expand the fixed-rate Midnight market to Ethereum

According to The Defiant, the decentralized lending protocol Morpho deployed its fixed-term, fixed-rate lending agreement Midnight to Ethereum on September 8, expanding the product from the Base network to Ethereum, allowing Ethereum users to access USDC loans collateralized by WBTC or cbBTC. Morpho co-founder Merlin Egalite stated that the Ethereum launch will start with the "USDC | cbBTC and USDC | WBTC markets" and will gradually expand.The core difference between Midnight and Morpho Blue lies in interest rate certainty. Blue uses open loans where interest rates fluctuate according to a formula; Midnight, on the other hand, trades credit units at market-priced rates with fixed terms, allowing borrowers to determine financing costs in advance, and lenders can lock in returns instead of bearing interest rate changes with each block. Midnight lenders purchase credit units at prices below the one-to-one redemption value at maturity.However, the largest potential source of funds for Midnight remains constrained. The Morpho Vaults, holding approximately $5 billion in deposits, can only allocate to the Morpho Blue market until the DAO enables the Midnight configuration. Morpho co-founder and CEO Paul Frambot stated that enabling the Vault configuration requires just one DAO transaction, but Vault activation is expected to be achieved in the fourth quarter. At launch, the total deposits in the Ethereum Midnight market were approximately $7.41 million, with outstanding loans of about $2.63 million.

The Sandbox: Officially opens the compensation claim for the vulnerability incident, which will last until midnight on the 23rd

According to official news, The Sandbox announced the official opening of SAND compensation claims. Users affected by the cross-chain contract vulnerability incident involving Base and BNB Smart Chain (BSC) networks on August 22, who held bridged SAND on the affected networks before the incident, can receive full compensation in SAND on the Ethereum network at a 1:1 ratio. Eligibility for compensation is based on the on-chain balance snapshot before the incident and is unrelated to any transactions, transfers, or holdings by users after the incident.The Sandbox stated that eligibility for compensation is determined based on the on-chain balance recorded before the contract was compromised. The snapshot for the Base network corresponds to block 50283188 at 23:42:03 UTC on August 21, 2026, and the BSC snapshot corresponds to block 117322025 at 11:42:44 UTC on August 21, 2026.Users holding Base or BSC network SAND through centralized exchanges do not need to take any action, as The Sandbox is coordinating with the relevant exchanges to handle compensation; however, users holding SAND in personal wallets will need to claim it themselves. The claim period is from September 8 to September 22, 24:00 (UTC+8). Claims only require a transaction initiated from the original wallet that held SAND at the time of the snapshot, without the need for token authorization, signing off-chain messages, or transferring to any address.

Non-farm payrolls will be announced tonight, and the market expects an increase of only 56,000 people in August

The U.S. Bureau of Labor Statistics will release the August non-farm payroll report tonight, with the market expecting an increase of only 56,000 jobs and an unemployment rate remaining at 4.1%. The market generally believes that the U.S. job market is currently in a "stable but weak" state, and a weakening employment data may not directly prompt the Federal Reserve to cut interest rates, with policy focus still on inflation trends.J.P. Morgan's trading desk predicts that if job additions exceed 95,000, the S&P 500 index may drop by 0.5% to 1.25%; if job additions are only between 5,000 and 35,000, the S&P 500 index may rise by 0.25% to 0.75%. The market expects that this non-farm data will become an important variable affecting the Federal Reserve's September policy expectations and the short-term trend of U.S. stocks.Recent statements from Federal Reserve officials indicate that the job market is currently not the focus of policy. Federal Reserve Governor Barr stated earlier this week that the employment situation is "stable," while Governor Waller said on Thursday that the employment condition is "satisfactory." This assessment does not imply that the job market is performing strongly, but it suggests that in the absence of further easing in inflation, the Federal Reserve may consider raising interest rates while trying to avoid impacting employment.
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