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15:33
Opinion: Bitcoin is now the “hardest currency” and could completely destroy all asset classes
Huoxun Finance reported on September 6th that Joe Burnett, head of strategy at Bitcoin treasury firm Semler Scientific, wrote on the X platform that the market is currently at the end of what Ray Dalio calls a long-term debt cycle, meaning stocks are being bid up to extreme valuations, real estate is being bid up to extreme valuations, and fixed income products are also at extreme valuations. The ultimate result of a long-term debt cycle is the devaluation of fiat currencies. The only way out is hard currency. Gold was the hardest currency in the past, and Bitcoin is the hardest currency today. Bitcoin has the potential to completely destroy all asset classes.
15:03
A whale transferred 3,711 ETH to Binance 10 minutes ago, worth $15.93 million
Huoxun Finance reported on September 6th that according to monitoring by on-chain analyst Aunt Ai, "a large investor who built an ETH position at an average price of $3,912 after two years" was suspected of reducing his position 10 minutes ago. He recharged 3,711 ETH (about $15.93 million) to Binance for $4,294. If sold, he would have made a profit of $1.417 million; the wallet currently still holds 3,000 ETH, with a floating profit of $1.13 million.
14:44
NMR rose above 19 USDT, with a 24-hour increase of over 50%.
MGBX spot market data shows that NMR has risen above 19 USDT, with a 24-hour increase of over 50%, and a circulating market capitalization exceeding $140 million. Project Description: Numerai encrypts its transaction data and then shares it with data scientists, enabling them to build models based on the data and maximize returns from trading.
14:37
NMR rose above 19 USDT, with a 24-hour increase of over 50%.
Odaily Planet Daily reports that MGBX spot market data shows that NMR has risen above 19 USDT, a 24-hour increase of over 50%, with a circulating market capitalization exceeding $140 million. Project Description: Numerai encrypts its transaction data and then shares it with data scientists, enabling them to build models based on the data and maximize returns from trading.
14:36
Wuxi Intermediate Court disclosed a case of "virtual US dollars" that was dismissed: an 80,000 yuan investment could only be converted into 0.1 yuan for withdrawal.
Huoxun Finance reported on September 6th that the Wuxi Intermediate People's Court's official account disclosed a case involving "virtual US dollars." A party entrusted another person to invest 84,350 yuan on a certain platform and exchange it for 13,000 yuan in platform US dollars. However, the platform subsequently crashed, and only 0.1 yuan could be withdrawn. An investigation revealed that the party entrusted another person to exchange virtual US dollars on the platform, an investment decision made independently, with the account number and password for the platform being theirs. In this case, the party failed to comply with relevant registration procedures when investing on the overseas platform. This investment is not protected by Chinese law, and the party bears the corresponding investment risks on their own. The court dismissed the lawsuit.
14:36
Barclays: The Fed is expected to cut interest rates three times this year and twice next year
Huoxun Finance News, September 6, according to Jinshi Report, Barclays said that after the release of the poor non-farm payroll report on Friday, it now expects the FOMC to cut interest rates three times this year, each time by 25 basis points, and two more rate cuts in 2026 (March and June).
13:58
A large ETH holder transferred 3,711 to Binance, which could generate over $1.4 million in profit if sold.
According to crypto analyst Ai Yi @ai_9684 xtpa, a major investor who has been building an ETH position at an average price of $3,912 since two years ago deposited 3,711 ETH (approximately $15.93 million) to Binance 10 minutes ago. If sold, this would realize a profit of approximately $1.417 million. Currently, the wallet still holds 3,000 ETH, with a paper profit of approximately $1.13 million.
13:57
The Wuxi Intermediate People's Court dismissed a case involving a "virtual dollar" investment dispute, leaving investors with little legal recourse for their losses.
Odaily Planet Daily reports that the Wuxi Intermediate People's Court has disclosed a case involving "virtual US dollars." A party entrusted another person to invest 84,350 yuan on a platform and exchange it for 13,000 virtual US dollars. However, after the platform crashed, only 0.1 yuan could be withdrawn. The court found that the party made the investment independently and managed the account independently. However, the operation on the overseas platform was not registered as required and is not protected by Chinese law. Ultimately, the court dismissed the lawsuit, determining that the party borne the investment risk.
13:39
Bitdeer mined 100.6 BTC this week, bringing its total Bitcoin holdings to 1,934.9.
Huoxun Finance reported on September 6th that Bitdeer, a Nasdaq-listed Bitcoin mining company, released its latest Bitcoin holdings data on the X platform. As of September 5th, its total Bitcoin holdings had increased to 1,934.9 (Note: This number is pure holdings and does not include Bitcoin deposited by customers). In addition, its Bitcoin mining output this week was 100.6 BTC, and 73.1 BTC were sold during the same period.
13:39
CZ: I remember holding on to BTC when it dropped to around $150
Huoxun Finance reported on September 6th that Binance co-founder CZ posted on the X platform: "In 2015, I remember and held Bitcoin when the price fell to around $150."
13:09
Cross-Strait Procuratorial System Seminar to Study Legal Application of New Property Crimes Involving Virtual Currency
Huoxun Finance News, September 6, according to the Fujian Procuratorate official account, the 2025 Cross-Strait Procuratorial System Seminar was held in Putian, Fujian yesterday. The participants took the challenges and responses of procuratorial practice in the digital age as the theme, and conducted discussions and exchanges on three topics: research on the application of laws for new property crimes such as virtual currency, research on the collection and acceptance of digital evidence, and research on compulsory measures and disposal of property involved in the case.
13:08
After SOMI was listed on MGBX, it rose above 0.84 USDT, with a 24-hour increase of more than 50%.
MGBX spot market data shows that SOMI has risen above 0.84 USDT, currently trading at 0.8 USDT, a 24-hour increase of over 50% and a cumulative increase of over 120%, with a circulating market capitalization exceeding $130 million. Project Introduction: Somnia (SOMI) is an EVM-based L1 blockchain focused on mass consumer applications such as gaming and entertainment.
13:01
RMRK founder: I have received a reply that WLFI tokens cannot be unlocked. They are "the modern American mafia."
According to Huoxun Finance, on September 6, Bruno Skvorc, founder of NFT infrastructure RMRK, posted on the X platform: "We have received a response from the Trump family's crypto project WLFI. The tokens cannot be unlocked. Simply put, they stole my money. Because they are from the Trump family, I can't do anything. They are the modern American mafia. No one can complain, no one can argue, and no one can sue. That's it..." Earlier news, Bruno Skvorc said that his address was mistakenly marked as high-risk by the WLFI team and the tokens have been locked.
13:01
Nansen CEO: Using AI to check WLFI transaction timestamps revealed that Justin Sun did not dump the market
According to Huoxun Finance, on September 6th, Alex Svanevik, CEO of the on-chain analytics platform Nansen, posted on the X platform that while AIResearchAgent initially suggested Sun Yuchen was selling WLFI, a subsequent review of WLFI transaction timestamps revealed that Sun had not engaged in a sell-off. Furthermore, Svanevik noted that the relevant transfers occurred after a significant drop in WLFI, and therefore were not the primary cause of the price drop. Furthermore, based on the percentage of total network trading volume that day, they likely did not have a substantial impact on market price trends.
12:22
Fujian Putian Court ruled on a virtual currency illegal foreign exchange case involving over 13.3 billion yuan
According to Odaily Planet Daily, in the first half of 2025, the Hanjiang District People's Court of Putian City, Fujian Province, heard and sentenced a virtual currency-related criminal case. Yan, Zheng, Lin, and others used USDT to establish an underground foreign exchange network, recruiting clients through overseas chat apps and illegally exchanging RMB for foreign currencies using "U-coins." The bank transactions involved exceeded 13.3 billion yuan, with illegal transactions totaling 25.62 million yuan. The gang withdrew over 478 million yuan in cash from banks in various locations, purchased "U-coins," and transferred them to wallets belonging to criminals involved in cross-border fund laundering and profiting from the proceeds. During the trial, prosecutors extracted voice information from a co-defendant's phone and verified it matched Lin's voiceprint, establishing a connection between him and the account in question. Ultimately, the court found their actions guilty of illegal business operations and aiding in information network criminal activities. Yan, Zheng, Lin, and 15 others were sentenced to prison terms ranging from eight months to three years and fined. (Putian Net)
11:54
The first credit asset-backed securities using blockchain technology issued by a national consumer finance company
According to Odaily Planet Daily, Mashang Consumer Finance launched the nation's first financial blockchain management platform for consumer finance companies at the 2025 Smart China Expo Digital Industry Ecosystem Conference. Leveraging this platform, Mashang Consumer Finance successfully issued the "An Yi Hua 2025 Third Phase Personal Consumer Loan Asset-Backed Securities." According to a representative from Mashang Consumer Finance, this is the first credit asset-backed security issued by a national consumer finance company using blockchain technology. Subsequent issuance of financial bonds, asset-backed securities, and other financial products will routinely utilize this platform's technology, continuously expanding the application of blockchain in the consumer finance sector. (Jinshi)
11:40
Binance Alpha Lists STAR
Huoxun Finance reported on September 6th that Binance Alpha has launched STAR. The contract address is: 0x8fce7206e3043dd360f115afa956ee31b90b787c.
11:40
Next week's macroeconomic outlook: interest rate cuts are no longer a problem, and CPI data may stimulate a 50 basis point drop
Huoxun Finance News, September 6, the financial market has been changing this week. Affected by the disappointing U.S. non-farm payroll data, expectations of a Federal Reserve rate cut have increased, while U.S. stocks and cryptocurrencies remain volatile, but next week may be a critical node. Looking ahead to next week, investors will be closely watching CPI data, which will influence the Fed's path for rate cuts, the ECB's interest rate decision, and the release of key candidates for the next Fed chair. The following are key market indicators for the new week: Monday at 11:00 PM: US New York Fed one-year inflation forecast for August; Tuesday at 10:00 PM: US preliminary 2025 non-farm payroll benchmark change; Wednesday at 9:30 AM: China's August CPI annual rate; Wednesday at 8:30 PM: US August PPI data; Thursday at 8:15 PM: ECB interest rate decision; Thursday at 8:30 PM: US August CPI data and US initial jobless claims for the week ending September 6; Thursday at 8:45 PM: ECB President Christine Lagarde's monetary policy press conference; Friday at 10:00 PM: US preliminary one-year inflation forecast for September and preliminary September University of Michigan Consumer Confidence Index. A 25 basis point rate cut at the Fed's September meeting is almost certain. Less uncertain is the pace of subsequent rate cuts, with some market pundits betting on a surprise 50 basis point cut on September 17.
11:30
Planet Evening News | September 6
1. ArkStream Capital announced an additional $10 million investment in Ethena; 2. Terraform Labs co-founder Do Kwon's attempt to recover a $19.4 million mortgage payment was dismissed by the court; 3. SharpLink Gaming plans to stake some of its ETH assets after the Linea mainnet launch; 4. Galaxy Digital pledged 387,000 HYPE tokens, worth approximately $18.2 million; 5. Faraday Future will announce its C10 & Crypto strategy and product plan on its shareholder day on September 19; 6. CryptoQuant CEO: Sun Yuchen's sale of unlocked tokens is understandable, and the responsibility lies with the WLFI Foundation; 7. ALT 5 Sigma's holdings of WLFI tokens increased to 7.28 billion, worth approximately $1.31 billion; 8. The founder of RMRK claimed that his address was mistakenly identified as high-risk by WLFI and locked; 9. MyStonks reached a strategic cooperation with the oracle project APRO in the RWA field; 10. Data: Over the past 7 The circulation of USDC increased by approximately 2 billion today; 11. Market news: The Hong Kong SAR government is preparing for its third issuance of digital bonds.
10:34
Faraday Future, owned by Jia Yueting, is about to hold its annual shareholder day and plans to release details of its C10 and Crypto strategic business plans.
Huoxun Finance News, September 6, according to Globenewswire, Faraday Future, a Nasdaq-listed company under Jia Yueting, announced that it will hold its annual "919 Futurist Day" and "Shareholder Day" at its global headquarters in Los Angeles on September 19, 2025. It is expected to release detailed information on the C10 & Crypto strategic business plan and capital value realization roadmap, and will also announce the product deployment strategy of the FFEAI ecosystem vehicle chain "FFEAIEcosystemVehicleChain".
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