Odaily News: The Nikkei 225 index closed down 1.93%, at 64,011.34 points; South Korea's KOSPI index closed down 1.76%, at 6,909.92 points.

Odaily News: Wall Street's well-known "Big Short" investor Michael Burry has reduced his portfolio exposure, including put option positions related to Nvidia and Palantir. Burry stated that he closed out his put options on Nvidia and Palantir expiring in December of this year, citing a desire to hold more cash in order to assess changing market conditions in the fall. Burry also said he is closely monitoring the weakening trend of the U.S. dollar spot index.

Odaily reports, market data shows that the Hang Seng Tech Index rebounded in the afternoon to turn positive, while the Hang Seng Index narrowed its decline to 0.44%. Tech and auto stocks bounced off their lows, with Sunny Optical Technology (02382.HK) and Xiaomi Group (01810.HK) both rising over 2%, while NIO (09866.HK), JD.com (09618.HK), Tencent Holdings (00700.HK), Meituan (03690.HK), and BYD Company (01211.HK) each gained 1%.

Odaily reports that Cardone Capital purchased 20 bitcoins at $76,500 each and added them to its real estate and Bitcoin hybrid asset portfolio. (Cointelegraph)

Odaily reports that Danmarks Nationalbank, the central bank of Denmark, has stated that stablecoin usage in Denmark is currently very low and does not yet pose an immediate threat to domestic financial stability. However, the rapid global growth of USD-pegged stablecoins could expose Denmark to indirect financial market volatility and liquidity risks.

Currently, there are no stablecoins denominated in Danish krone in circulation in Denmark, and both consumer and business usage of stablecoins remains limited. As commercial banks, financial institutions, and payment applications integrate stablecoin infrastructure, the scale of related usage may change.

USDT and USDC dominate the global stablecoin market, and turbulence in overseas stablecoin markets could transmit to Denmark through global liquidity channels and the U.S. financial system. Danmarks Nationalbank is working with the European Central Bank (ECB) to ensure that central bank money continues to serve as the primary settlement asset for interbank transactions. (Bitcoin.com News)

Odaily News: An account linked to @sickassdude69 began buying PONS on the day after its launch in July of this year, when PONS had a market cap of approximately $628,000. The account invested a total of $249,400 through 73 transactions, and has currently cashed out $509,400. It still holds approximately $2.55 million worth of PONS, with a cumulative profit of $2.81 million and a total return of 12.3x.

Odaily Report: UBS strategist Phoebe White said in a report that UBS was stopped out of its long position in 2-year US Treasuries earlier this week and has abandoned its near-term bullish bias on front-end bonds. UBS also raised its year-end target for the 10-year US Treasury yield from 4.35% to 4.80%, and adjusted its 2-year target from 3.95% to 4.50%, roughly in line with forward rates. Tradeweb data showed that the 2-year US Treasury yield rose 2 basis points to 4.568%, having earlier touched 4.596%, the highest since July 2024. (Jinshi)

According to Lookonchain monitoring, as the price of STONK rose, a whale spent 11,500 SOL, worth $1.14 million, to buy 4.97 million STONK 4 hours ago.

Odaily News: Cross-chain liquidity protocol Symbiosis has been attacked on the BSC chain, resulting in an actual loss of approximately $336,000 in WBTC.

1. PUMP may be undervalued in the short term, while long-term value absorption remains uncertain;

2. U.S. Treasury Secretary: Urges the Senate to continue advancing the "Clarity Act" legislative process after the August recess ends;

3. Spot Bitcoin ETFs saw a total net outflow of $283 million yesterday, marking 3 consecutive days of net outflows;

4. An address holds 31.8 million HYPE, worth $2.513 billion, having accumulated and staked 3.029 million in the past half month;

5. Revenue up about 140% compared to Q2, Arbitrum's Q3-to-date revenue and DAO treasury revenue data released;

6. A $433,000 ZEC long position was fully liquidated, involving 3,848.5 ZEC;

7. A whale withdrew $1.1 million USDT to buy 9.53 million NiuLai at an average price of $0.1155.

According to Odaily Meme Express monitoring, the Rialto community on Robinhood is generating heated discussion, with GMGN showing a current market cap of $1.01 million.

Group chat B noted that the $VVV Venice strategy lead followed this project related to Vinice.

"Meme Express" is an exclusive AI model by Odaily that screens potential community-driven hot targets. The content is based on publicly available information and does not constitute investment advice. Please conduct your own due diligence and be aware of the high volatility risks associated with meme coins.

Odaily reports, according to GMGN data, LAPTOP FDV has fallen below $400 million, currently at approximately $390 million, down over 52% in the past 24 hours and over 99.8% from its all-time high of $314 billion.

Odaily reminds users that Meme coin prices are highly volatile and susceptible to market sentiment and trending events. Please be aware of trading risks.

According to the latest data from DefiLlama, Gate's open interest has reached $12.068 billion, ranking third globally, indicating that the platform's derivatives market trading activity and capital participation remain at the forefront of the industry.

Odaily reports: Shaunda Devens stated that PumpFun's annualized revenue is approximately $677 million, with PUMP's price-to-sales ratio at about 2.8x, lower than comparable revenue-generating tokens; based on current revenue and price, 50% of protocol revenue is used for programmatic buybacks and burning of PUMP, equivalent to repurchasing about 17.6% of the circulating supply annually, while approximately 77% of tokens already allocated to the team and investors have not yet moved. PUMP's official documents explicitly state that the token does not represent equity in PumpFun, nor does it grant holders rights to income, profits, dividends, or cash flows; PumpFun's approximately $2 billion treasury is owned by Baton Corp, and the existing buyback arrangement will expire in April 2027. Under its base-case scenario, PUMP's valuation range is $0.0108 to $0.0205, approximately 2.3 to 4.4 times higher than the September 9 price; if business activity declines and valuations continue to contract, the price could fall by 59% to 76%.