Odaily News: Mike Cagney posted on the X platform stating that DeFi is better suited for asset-backed finance (ABF), which can avoid redundant staking, directly improve collateralization, and support self-custody or autonomous venues as well as liquidity staking. Figure has brought ABF on-chain, but the overall market remains in its early stages, with approximately $6 trillion in market value yet to migrate at scale. The five reasons why traditional financial applications have yet to fully move on-chain include poor interface experience, the difficulty of balancing qualified custody with recoverable self-custody, insufficient institutional features such as multi-wallet support and tiered permissions, ongoing regulatory clarification, and the fact that KYC can be addressed through on-chain programmatic screening and wallet-level permissions.

Odaily News According to on-chain analyst Ai Yi's monitoring, Arthur Hayes (0x6cd...47e21) received 39,000 UNI tokens from FalconX in the past hour, valued at $282,000, bringing his total UNI holdings to 284,100 tokens with a total value of $2.007 million and an average withdrawal price of $7.06. This marks Arthur Hayes' first significant UNI transaction in 9 months, with UNI now becoming his third-largest on-chain asset holding.

Odaily News, September 7 — According to SoSoValue data, cryptocurrency market sectors showed mixed performance, with the AI sector standing out with a 2.10% gain over the past 24 hours. Among them, Bittensor (TAO) rose 10.03% and Pieverse (PIEVERSE) increased 5.18%. Meanwhile, Bitcoin (BTC) slipped 0.11%, dropping back below the $80,000 mark, while Ethereum (ETH) fell 0.11%, holding steady around $2,500.

In other sectors, the DeFi sector rose 1.21% over the past 24 hours, with Raydium (RAY) climbing 34.80% within the sector. The Layer 2 sector was up 0.82%, with Celestia (TIA) gaining 11.07%. The PayFi sector rose 0.53%, with Zcash (ZEC) adding 10.94%. The Layer 1 sector edged up 0.27%, with Injective (INJ) advancing 7.30%.

Additionally, the CeFi sector fell 1.87%, with Binance Coin (BNB) declining 2.36%. The Meme sector dropped 2.26%, with Pons (PONS) falling 15.43%. MarsCoin (MARSCOIN) decreased 33.83%.

The crypto sector index, which tracks historical sector performance, showed that the ssiAI, ssiDeFi, and ssiLayer2 indices rose 4.27%, 1.17%, and 1.01%, respectively.

Odaily News, Imran Khan posted on X, stating that for most users, the public chain itself will become secondary; what matters is the upper-layer products that serve end users. Launch platforms are being commoditized, and platforms with the deepest network effects or those that carve out niche markets through differentiation are more likely to win—such as stock trading pairs. On-chain frontends, lending, swap routing, cross-chain bridges, and most trading infrastructure are eroding single-platform stickiness and community identity. User stickiness will shift to the party that owns the user relationship.

Odaily News DeFi researcher Ignas posted on X: "After David Hoffman (Bankless founder) sold his ETH, he reallocated his portfolio into some of the best-performing tokens, such as LIT and ZEC. NEAR also performed well, and only VVV underperformed the broader market. Although the market was full of fear, uncertainty, and doubt (FUD) at the time, and it was also very close to the ETH bottom, the goal of aggressive crypto investors has always been to outperform BTC and ETH. Well done, David."

Previously reported, Bankless co-founder David Hoffman announced in June this year that he had sold all his ETH and bought VVV, NEAR, ZEC, HYPE, and LIT.

Odaily News: Nate, co-founder of Long.xyz, stated on the X platform that Long.xyz will continue to build related assets and products around Robinhood Chain, adhering to the "RWA pairings only" development direction, which focuses on RWA asset pairings. He believes this model is expected to create a brand-new asset class and further bridge on-chain assets with the real world.

Nate stated that both BONER and MEME experienced rapid growth after their launches, and continued to develop after their initial surges, with the liquidity of related assets continuously deepening. He believes that Long.xyz's RWA pairing model has been preliminarily validated, is still in its early stages, and the next phase goal is to further expand scale and move toward "100x" growth.

Odaily星球日报讯 据链上分析师 Ai 姨监测，gnomelabs.eth (0xB81...5bfD) 疑似止盈 4020 枚 ETH。@gnome_labs 曾于 8 月 17 日以均价 1896.83 美元从币安提取 6339 枚 ETH，价值约 1202 万美元；9 小时前将其中 4020 枚 ETH 充值，价值约 997 万美元，充值价格为 2480 美元。若卖出，回报率将达到 30.7%，持仓 21 天预计获利 234.5 万美元。

Odaily News: Cynthia Lummis stated on the X platform that if the Clarity Act fails to pass in the current Congress, the next real opportunity to reintroduce market structure legislation may not come until 2030. She noted that completing this work now would prevent wasting years of job opportunities, investment, and tax revenue in the future.

Odaily News, Vitalik posted on the X platform stating that he recently updated the EIP-8141 "Frame Transaction" proposal. Key improvements include atomic batch execution of up to 64 operations, support for social recovery, adoption of P256 quantum-resistant signatures, and allowing anyone to pay gas fees on behalf of users. The proposal was co-authored by 10 experts including Vitalik and lightclient, and has been planned for inclusion in the 2027 Hegotá upgrade.

1. Loracle's latest positions show an unrealized loss of $10.6 million, with SNDK and PONS down $4.6 million and $4.2 million respectively;

2. Approximately 4,000 BTC were transferred in a single transaction linked to the Liquid Network, with an on-chain message describing it as a "white hat" operation;

3. The Garrett Jin whale entity holds a short position on ZEC with an unrealized loss of $25.7 million;

4. Jensen Huang: Artificial General Intelligence has arrived;

5. For the first time in over a year, altcoin open interest share has surpassed that of Bitcoin;

6. Co-founder of Nasdaq-listed company Vida discussed with Solana Foundation members about creating a meme coin launch platform;

7. HyperLabs address transferred 433,000 HYPE redeemed tokens to 11 addresses.

Odaily News, according to GMGN market data, the market cap of BSC ecosystem token BREW has now rebounded to $12.5 million. This morning, BREW's market cap briefly rose to approximately $28 million before rapidly declining by about 80%, hitting a low of $2.2 million.

On the news front, Flap is testing a new token pairing mechanism and has launched a new pool using BEN as the test token, drawing market attention to BREW-related narratives and capital flows, which may be one of the reasons behind its significant volatility earlier.

Odaily reminds users that the prices of related tokens are highly volatile. Please be aware of trading risks.

Odaily News, September 7 - Robinhood ecosystem mainstream Meme coins are broadly declining.

MEME market cap temporarily reported at $96 million, down 25.8% in 6 hours;

PONS market cap temporarily reported at $560 million, down 14.8% in 24 hours;

AI market cap temporarily reported at $199 million, down 14.9% in 24 hours;

CASHCAT market cap temporarily reported at $227 million, down 7.3% in 24 hours;

microduck market cap temporarily reported at $23.11 million, down 34.8% in 24 hours.

Odaily News: According to on-chain analyst Ai Yi's monitoring, a whale with total holdings valued at approximately $4.5 million is adjusting positions in Robinhood Meme and DeFi tokens. The whale has fully exited 156,500 UNI tokens, worth $1.077 million, securing a profit of $86,000; increased holdings by 402,000 PONS tokens, bringing the total position to 3.63 million tokens, valued at $2.99 million; and opened a first-time position of 355,200 FORM tokens, worth $94,000. Positions in AAVE and CASHCAT remain unchanged, with the total value of the four token holdings reaching $4.46 million.

Odaily News A petition to the Korean National Assembly calling for a two-year delay in virtual asset taxation has garnered more than 32,000 signatures. Under the Assembly's legal quorum of 50,000 signatures for petitions, if an additional 18,000 signatures are secured by September 20, the petition will be submitted to the relevant standing committee. The petition argues that delaying the implementation of the virtual asset tax by two years could prevent a significant reduction in foreign exchange earnings and a sharp decline in corporate tax revenue.

Odaily News: According to Onchain Lens monitoring, whale Loracle has opened a series of new positions over the past two days, currently showing an unrealized loss of $10.6 million. Among these, SNDK has lost $4.6 million, PONS $4.2 million, MU $1.61 million, and NVDA $462,000.

Odaily News: According to the latest data from Gate, the gold price fell to $4,412.76 per ounce, down 0.17% on the day. The silver price dropped to $66.086 per ounce, up 0.39% on the day.

In the forex market, the USD/CNH rose 0.02% on the day, with the current exchange rate at 6.70664. The USD/JPY fell 0.04% on the day, with the current exchange rate at 155.881.

In global stock indices, the Euro Stoxx 50 Index (EUSTX50) rose 0.11% on the day to 6,397.67 points; the UK FTSE 100 Index (UK100) was flat on the day at 10,824.1 points; and the German DAX40 Index (GER40) fell 0.08% on the day to 26,024.4 points.

In commodities, WTI crude oil rose 0.29% on the day to $92.4 per barrel. Brent crude oil fell 0.09% on the day to $97.92 per barrel.

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