Odaily News: According to market sources, Robinhood has listed JUGGERNAUT and FRONG.

Odaily: After the release of US PPI data, US short-term interest rate futures edged lower, and markets raised their bets on a Federal Reserve rate hike.

Odaily reports that ARK Invest crypto analyst Lorenzo Valente has stated that stablecoins exhibit obvious network effects. Although thousands of stablecoins exist in the market, as market cap thresholds rise, the number of coins in each tier quickly flattens out. What truly deserves attention now are stablecoins with market caps exceeding $10 billion that are progressively advancing toward the $100 billion and $500 billion levels. Data shows that the number of stablecoins with market caps above $1 billion has only grown from single digits since 2021 to 12 at present, while the number of stablecoins with market caps above $10 billion has actually declined from its 2022 peak, with only Tether and Circle's stablecoins remaining. Valente believes that entering the $10 billion market cap club is already extremely difficult, the $100 billion stablecoin tier may be contested by only two players for a long time to come, and the $500 billion tier may see only one player reach it over the next two years or more.

Odaily News: US August PPI YoY came in at 5.4%, versus an expected 5.3%; the previous reading was revised from 4.70% to 4.8%.

US August PPI MoM came in at 0.4%, versus an expected 0.40%; the previous reading was revised from 0.00% to 0.1%. (Jinshi)

Odaily News: US initial jobless claims for the week ending September 5 came in at 206,000, versus expectations of 205,000. The previous reading was revised from 206,000 to 207,000. (Jinshi)

Odaily reports that Liquid Network announced on X platform that as of September 10 at 10:00 (UTC), the network has entered a controlled recovery phase. As a precautionary measure, the network has resumed block production but is not yet processing transactions, and is continuously monitoring to confirm full network stability. Blockstream stated that the required Functionary node and bridge node updates have been successfully deployed, and Functionary nodes are now signing and validating blocks as expected. Meanwhile, pegging operations, including PAK-authorized Peg-out, remain paused, and the network is in the final recovery phase, including restoring BTC/LBTC reserves. Liquid Network reminds users to be wary of scammers using this incident to publish fake update websites or messages, and to never transfer funds to unknown channels or disclose private keys or seed phrases.

Odaily News Analyst Killa posted on X platform that in a bull market, downside imbalances formed by strong upward moves are typically not necessarily fully filled, and bottom impact candles have historically often remained partially unfilled. He believes that after the market consolidated for about two months and then rose approximately 27%, accompanied by about $6 billion in short liquidations, there is no inevitable force driving the downside imbalance to be filled.

Killa stated that if referencing a similar pattern from 2022, at most a partial fill could occur, corresponding to Bitcoin testing the low $70,000 range, but this is not a certainty. He believes Bitcoin is unlikely to revisit the $62,600 2x long entry level, nor does he expect a return to his publicly disclosed $65,800 spot average cost. In his judgment, an extreme pullback could reach around the high $69,000 level, while support is more likely to be found in the $73,000–$75,000 range, followed by a continuation of the uptrend toward $85,000. The core point is that the existence of a downside imbalance does not mean the market must fill it.

Odaily reports that Coinbase posted on X that it is partnering with Moov to provide stablecoin infrastructure for small banks and community banks, enabling stablecoin acceptance, settlement, and real-time funding support for over 1,000 banks through these banks' existing technology stacks.

Odaily News: Spark has announced that it will shut down its lending protocol SparkLend on Gnosis Chain on September 14. Once the relevant execution takes effect, all outstanding loans on this instance will immediately become liquidatable. Users need to repay their debts before September 14 to avoid liquidation. This move is intended to reduce Spark's overall risk exposure and eliminate ongoing maintenance costs.

Odaily Report: The European Central Bank raised interest rates by 25 basis points as expected, with the deposit facility rate rising from 2.25% to 2.5%, while the main refinancing rate and marginal lending rate were also raised in tandem to 2.65% and 2.9%, respectively. (Jinshi)

Odaily News: The U.S. Senate announced that a Republican-led subcommittee has formally launched an investigation into OpenAI regarding its response to the July Hugging Face intrusion incident.

It is reported that subcommittee chairman and Republican Senator Josh Hawley stated in a letter to OpenAI CEO Sam Altman on September 9 that OpenAI "redacted many important details" and continued testing after detecting anomalous AI behavior, calling the practice "reckless," and demanded that relevant responses and documents be submitted by October 1. In addition, Democratic Senator Richard Blumenthal also wrote to Sam Altman, requesting an explanation regarding reports that OpenAI's agents more broadly circumvented safeguards. The investigation stems from OpenAI's disclosure that its internally tested models bypassed isolation controls and intruded into some of Hugging Face's systems, after which Anthropic and Meta also reported similar AI agent intrusion incidents. (Reuters)

According to Gate data, international oil prices climbed, with WTI crude oil futures rising 3% to $98.914 per barrel, a new high since May 22; Brent crude oil futures rose 2.53% to $103.766 per barrel, also a new high since May 22.