DashTape

DashTape reports According to GMGN data, the market cap of Meme token ZZZ on the Robinhood Chain briefly exceeded $50 million, with a 24-hour surge of over 200%, and is now reported at $46.2 million. It is reported that the narrative behind this Meme coin stems from an independent investigator's discovery that a large number of Wiki pages were being edited by the same group. AI agents, in an attempt to reduce attention, added "ZZZ" annotations before making edits. DashTape reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

DashTape reports According to on-chain analyst Yu Jin's monitoring, a whale transferred 209.1 BTC, worth $16.44 million, to Binance half an hour ago. Over the past 3 months, this whale sold 329.1 BTC—accumulated at an average price of $36,066 in 2022—at an average price of $75,392, realizing a profit of $12.94 million, with a return rate of 109%.

DashTape reports According to sources familiar with the matter, Tether has frozen 10 Tron addresses associated with Xinbi Guarantee today, involving approximately $39.3 million in USDT. The freeze was first reported by MistTrack, the on-chain tracking platform under SlowMist. Xinbi Guarantee is a Chinese-language escrow trading marketplace that emerged on Telegram around 2022. TRM Labs has previously described it as one of the largest illegal cryptocurrency markets in Southeast Asia, stating that it has processed approximately $24.2 billion in transactions cumulatively. (The Block)

DashTape reports According to SoSoValue data, yesterday (Eastern Time, September 8), Ethereum spot ETFs recorded a total net outflow of $24.2921 million. The Ethereum spot ETF with the highest single-day net inflow was Fidelity's ETF FETH, posting a net inflow of $9.8924 million. To date, FETH's cumulative historical net inflow stands at $2.287 billion. The Ethereum spot ETF with the highest single-day net outflow was Grayscale's Ethereum Mini Trust ETF ETH, with a net outflow of $24.6098 million. Currently, ETH's cumulative historical net inflow has reached $1.903 billion. As of press time, the total net asset value of Ethereum spot ETFs stands at $15.716 billion, with the ETF net asset ratio (market cap as a share of total Ethereum market cap) at 5.19%. Historical cumulative net inflows have reached $13.169 billion.

DashTape reports According to SoSoValue data, yesterday (Eastern Time, September 8), Bitcoin spot ETFs saw a total net outflow of $46.6464 million. The Bitcoin spot ETF with the largest single-day net inflow yesterday was Bitwise ETF BITB, with a single-day net inflow of $14.4672 million. BITB's historical total net inflow currently stands at $2.131 billion. Next was Blackrock ETF IBIT, with a single-day net inflow of $10.6550 million. IBIT's historical total net inflow currently stands at $64.067 billion. The Bitcoin spot ETF with the largest single-day net outflow yesterday was Grayscale ETF GBTC, with a single-day net outflow of $65.5096 million. GBTC's historical total net outflow currently stands at $27.719 billion. As of press time, the total net asset value of Bitcoin spot ETFs stands at $99.516 billion, with an ETF net asset ratio (market cap as a proportion of total Bitcoin market cap) reaching 6.31%. The historical cumulative net inflow has reached $55.571 billion.

DashTape reported that Circle stated the event will be held in New York, with topics covering institutional finance, global capital flows, 24/7 markets, and the Agent economy, as well as showcasing first-day products and applications. A developer pre-event session will be held from 11:30 AM to 1:30 PM ET on September 16, followed by a main stage livestream from 2:00 PM to 3:45 PM, with representatives from BlackRock, DTCC, Aave, SBI Group, Morpho, Ripio, Extended, a16z, and Circle participating. Developers can already build on the Arc testnet.

DashTape reports U.S. Treasury Secretary Bessent is preparing to unveil the specific scale of the expanded federal debt buyback program. As the government takes active measures to curb rising long-term borrowing costs, Wall Street is closely monitoring related developments. Bessent defended these interventions on Tuesday, describing the recent market sell-off as a speculative rally that requires public policy intervention, and stated that as Treasury Secretary, his goal is to push market conditions back toward equilibrium, rather than dictate long-term market interest rates. Financial institutions are closely watching the upcoming buyback scale, with market expectations currently placing the figure between $5 billion and $6 billion. With the 10-year Treasury yield continuing to hover near its highest levels since 2023, the risks facing the market remain elevated. The 10-year Treasury yield directly affects domestic mortgage rates and corporate debt financing costs in the United States. Economists have warned that if the buyback scale is set at only $4 billion, it could disappoint investors and reignite selling pressure; however, if the target scale is significantly higher, it could signal to the market that the U.S. government is more concerned about market instability than previously thought. (Jin Shi)

DashTape reports According to Lookonchain monitoring, a whale withdrew 16,976 SOL (worth $1.76 million) from Binance and subsequently purchased 9.32 million STONK tokens at an average price of $0.19.

DashTape reports Aptos announced that its first testnet state reset will launch from a brand-new genesis block. All currently deployed contracts, test accounts, balances, and historical data will be cleared, requiring related applications to be redeployed. Aptos stated that the testnet has processed over 10 billion cumulative transactions, and the state storage volume continues to expand. According to AIP-147, the network will subsequently control storage scale through periodic resets.

DashTape reports a report from the Cornell Brooks School Tech Policy Institute (BTPI) shows that if the US implements a de minimis exemption for Bitcoin and cryptocurrency payments under $300, federal net revenue is projected to increase by $859 million over 10 years, with a range of $172 million to $2.58 billion. The estimate assumes the number of digital asset payment users remains at 5.4 million. US Senator Cynthia Lummis' proposed bill S. 2207 seeks to exempt capital gains tax on related payments, with an annual cap of $5,000 on tax-free capital gains. Some other legislative initiatives aim to limit the exemption scope to regulated stablecoins, and discussions are still ongoing. BTPI stated that current capital gains tax and small transaction reporting requirements suppress daily Bitcoin payments. If transaction-level tax and reporting burdens are removed, Bitcoin payments and demand could increase; at current adoption levels, the near-term impact on Bitcoin prices and tax revenue may be minimal, while the long-term impact depends on factors such as payment scale. (Bitcoin.com News)