Key Market Information Discrepancy on September 8th - A Must-Read! | Alpha Morning Report
1. Top News: The issuance rights of the USDH stablecoin under Hyperliquid have attracted interest from multiple institutions, with Paxos, Frax, and others submitting bidding proposals. 2. Token Unlock: $S
Top News
1.Competition for the Issuance Right of Hyperliquid's USDH Stablecoin Heats Up, with Bids from Paxos, Frax, and Others
2.Trump Family's Wealth Surges by $1.3 Billion Last Week, with WLFI Contributing $670 Million
3.SOMI Surges Above $1.9 This Morning, with a 24-hour Gain of 60.2%
4.S, IO, APT Tokens, Among Others, to Undergo a Significant Unlocking Event This Week
5.Kinto Announces Closure on September 30, Following a $1.55 Million Attack Loss in July
Articles & Threads
1.《WLFI Plunge Controversy: The Misunderstood Justin Sun and an On-chain Paradox》
「In the crypto world, every price swing is the result of numerous factors working together, and any single attribution may deviate from the truth.」 This used to be an industry consensus, but in the recent volatility of the WLFI token, this consensus has been shattered. Following the listing of World Liberty Financial's WLFI token, there was a significant price swing, and public opinion quickly pointed fingers at TRON's founder Justin Sun. However, the latest on-chain data analysis and authoritative views indicate that this attribution is overly simplistic.
2.《The Next Battle of Stablecoins: Giants' Clash in the Stablecoin Network》
In the second half of 2025, the stablecoin industry entered a new phase. Over the past few years, companies like Tether and Circle have been key players in the stablecoin space, but their identities have always remained as issuers. The design and operation of the underlying network have been entrusted to public blockchains such as Ethereum, Tron, and Solana. While the scale of stablecoin issuance has been increasing, users have always had to rely on others' systems to conduct transactions. In recent months, this situation has started to change. Circle introduced Arc, Tether almost simultaneously released Plasma and Stable, and Stripe partnered with Paradigm to launch Tempo. Three stablecoin public chains focused on payments and settlement have emerged, indicating that issuers are no longer satisfied with just issuing coins; they want to control the network itself.
Market Data
Daily Market Overall Funding Heat (reflected by funding rates) and Token Unlocks
Data Source: Coinglass, TokenUnlocks
Funding Rate
Token Unlocks
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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