On September 9th, DeBox, a Web3 social platform based on DID, announced its token economics for its native token BOX, with a total supply of 1 billion. The distribution is as follows:

Starknet announced its first on-chain governance vote from September 10th to 13th Beijing time, marking an important milestone in its decentralization process. This vote will determine the token minting curve for staking rewards, paving the way for the first stage implementation of the Starknet staking mechanism. All STRK token holders can participate in the vote, but must complete the voting power delegation before 12:00 noon on September 10th.

DAO governance platform Snapshot X has officially launched. The platform has introduced a new Layer 2 protocol that enables zero gas fee on-chain voting for DAOs through Starknet's rollup technology. Jeremy Musighi, COO of Snapshot Labs, said that this is a turning point for on-chain governance, as it is the first time that DAOs can provide free on-chain voting for the community, increasing decision-making participation. Snapshot X uses STARK scaling technology and storage proofs to achieve cross-chain secure voting without the need to transfer tokens or pay gas fees. The system also uses a transaction relay Mana to allow users to sign votes with their Ethereum wallets and then relay the votes to the Starknet network. To demonstrate its functionality, Snapshot X will first conduct a governance vote on a new staking proposal within the Starknet community.

According to data from Bloomberg, 12 US spot Bitcoin exchange-traded funds (ETFs) saw a net outflow of $1.2 billion over 8 days. Despite the outflow, the performance of cryptocurrency ETFs still outperformed over 400 new ETFs in 2024, with the four largest ETFs being spot Bitcoin ETFs. In the first week of September, the price of Bitcoin fell from its high of $64,668 on August 26th to a low of $53,491 on September 7th. This means that the price of Bitcoin fell by 17.28% in just two weeks. However, analysts say that historically, Bitcoin has not performed well in September.

According to a report by CoinShares, the total outflow of digital asset investment products reached $726 million last week, which is equivalent to the largest outflow record set in March this year. Analysis indicates that this negative sentiment was driven by stronger-than-expected macroeconomic data last week, which increased the possibility of a 25 basis point cut by the Federal Reserve. Bitcoin had a total outflow of $643 million, with $3.9 million in short Bitcoin inflows. Ethereum had a total outflow of $98 million, while Solana had the highest inflow of funds among all cryptocurrencies, totaling $6.2 million.

The US presidential election has gradually faded from people's sight, and investors' attention has shifted to the Federal Reserve meeting on September 18. Any policy mistakes could disrupt the market, which is already nervous due to signs of economic growth slowdown. Rocky Fishman, founder of derivatives analysis company Asym500, said, "The main focus of the market in recent times may be on the Federal Reserve and the beginning of the interest rate cut cycle. Although stock options have reflected higher risks around the election day, the actual trading volume of options related to the election has been limited." Traders are also waiting for the debate between Harris and Trump on Tuesday to further determine their bets on who will win the election. Investors will analyze the candidates' positions on issues such as tariffs, immigration policies, and corporate taxes. John Divine, head of over-the-counter trading at digital asset trading and technology company Block Fills, said that the short-term positioning of Bitcoin is exceptionally bleak. He said, "The current bet is bearish before October 25th, and slightly bullish before the election. When looking at November, we begin to see that the call options are trading at higher prices than the put options, but this is not the case, which is quite shocking to me and highlights the panic in the market." Divine added that although Trump is more favored by the cryptocurrency market, the boundaries of who supports the crypto industry are becoming increasingly blurred. "I don't think the market is trading entirely for the winner of the November election. More importantly, they are using this event to push the narrative that fits the current bearish stance."

Arbitrum announced on the X platform that the first Infinite Rainbows NFT supported by Stylus is now available for free Minting. The free Minting is only available at http://mintstylus.xyz and runs from September 9th to October 6th.

 Wintermute deposited 101 BTC (approximately $5.67 million) into Bitfinex 5 hours ago, as monitored by The Data Nerd. Within 24 hours, Wintermute has deposited a total of 575 BTC (approximately $32.34 million) into Binance, Kraken, and Bitfinex.

According to Lookonchain monitoring, in the past 3 days, 3 hackers have deposited 17,800 ETH ($42.7 million) into Tornado Cash. Penpiexyz Exploiter deposited 9,600 ETH ($23 million) to http://Tornado.Cash. WazirX Exploiter deposited 7,200 ETH ($17.3 million) to http://Tornado.Cash. From @boshen1011 (Founder of Fenbushi Capital), a hacker deposited 1,000 ETH ($2.4 million) from the stolen $42 million into http://Tornado.Cash.

On September 6th, Telegram founder Pavel Durov spoke out through Telegram after being arrested in France, stating that the idea of Telegram being an anarchist paradise is absolutely untrue. We delete millions of harmful posts and channels every day and release daily transparency reports. We also have direct channels of contact with non-governmental organizations to expedite emergency regulatory requests. The number of Telegram users has grown rapidly to 950 million, causing growing pains for the platform and making it easier for criminals to abuse it. That's why I have made significant improvements to this situation my personal goal. We have already started this process internally and will soon share more details about our progress with everyone."

The release of US non-farm payroll data on Friday will be the biggest test for Citigroup and JPMorgan, who have boldly bet on a 50 basis point rate cut in September. For more than a year, foreign exchange traders have never been as excited as they are now before the release of the US employment report. Options used to measure the trend of the US dollar against major trading partners' exchange rates hit the highest level since March 2023 on the eve of the key non-farm payroll data release. Risk reversal data shows a pervasive bearish sentiment for the US dollar. Since the weaker-than-expected July non-farm payroll data was released on August 2, Citigroup and JPMorgan have predicted that the Fed will cut interest rates by 50 basis points in both September and November, and by 25 basis points in December. Interest rate swap contracts show that the probability of the Fed cutting interest rates by 50 basis points at the September 17-18 meeting is about 35%, but traders and economists believe that a 25 basis point cut is still the most likely.

According to local media reports, five individuals in South Korea who were involved in cryptocurrency fraud have been sentenced to prison for deceiving a private investor of $7.5 million. They made false promises to exchange cash at prices lower than the market rate.

Lookonchain monitoring shows that a certain whale deposited 380 BTC (21.34 million US dollars) into Binance again 4 hours ago. In the past 7 days, the whale has deposited a total of 4,544 BTC (265 million US dollars) into Binance.

According to foreign media such as TASS and Russia's Sputnik News, Jinse Finance reported that on the afternoon of September 5th local time, Russian President Putin said at the plenary session of the Eastern Economic Forum 2024 that Russia will "support" the US Democratic Party presidential candidate and vice president Harris as recommended by the US President Biden in the upcoming US presidential election. When asked how he viewed the 2024 US election, Putin said it was the choice of the American people. The new US president will be elected by the American people, and Russia will respect the choice of the American people. Putin also said that just as Biden suggested his supporters to support Harris, "we will do the same, we will support her." The report said that Putin also joked that Harris' laughter is "expressive and infectious," which shows that "she is doing everything well." He added that this may mean that she will avoid further sanctions against Russia.

A certain whale has accumulated 1,145 BTC (worth $65.07 million) in 4 days, as monitored by on-chain analyst Yu Jin. Over the past 4 days, the whale has continued to withdraw BTC from Binance and has accumulated 1,145 BTC through 7 transactions, with an average withdrawal price of $56,830.

Telegram has changed its policy on "illegal" content in private chats, allowing users to flag such content for review by moderators. This marks a significant shift from the app's previous stance of treating private groups as off-limits. The change comes after CEO Pavel Durov's arrest in France for allegedly failing to police law-breaking content on the platform. The move could potentially impact Telegram's reputation as a facilitator for illegal activity.

Uniswap Labs CEO Hayden Adams posted on X platform that scammers are using compromised UN accounts or other accounts with grey checkmarks to send direct messages to cryptocurrency users. These messages often contain enticing proposals or requests aimed at tricking users into clicking on malicious links or providing personal information. This is a scam, do not reply or interact with these messages, simply ignore them. If you have any doubts, please verify the authenticity of your account through official channels.

According to The Data Nerd, 8 hours ago, a new whale withdrew 242.21 BTC (approximately $13.65 million) from Binance. Within 4 days, they withdrew a total of 1,145 BTC (approximately $65.07 million) with an average entry fee of $56,830.

A certain high-frequency trading ETH whale monitored by on-chain analyst Yu Jin bought 5,153 ETH with 12.23 million USDT 20 minutes ago.