Rhythm Evening News｜A look at the crypto market trends on September 9

律动BlockBeats

24-09-09 19:14

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Featured News

1.Analysis: FB mining break-even price has reached 13.3 US dollars, Fractal mining total computing power exceeds 50 EH/s

2.Web3 social platform DeBox announced BOX token economics and will airdrop 5% of tokens

3.Binance's Indonesian CEX Tokocrypto obtains physical crypto asset trader license

4.Alchemy Pay becomes TON's preferred crypto payment solution provider

5.Thoma Bravo, which once invested in FTX, announced its permanent withdrawal from the crypto market

Trending topics

Source: Overheard on CT (tg: @overheardonct), Kaito

$SUI: SUI is the best performing token among the top 100 projects in terms of market capitalization in recent times. Today's discussion about Sui highlights its strong market performance, with some attributing its rise to Asian funds buying $SUI over the counter. In addition, Sui's potential as a new L1 blockchain, its fast transaction finality, and its appeal to web2 companies and the Asian market have also attracted attention. Despite concerns about its token unlocking, many believe Sui is a strong contender in the current cycle.

$FRIEND: FRIEND.TECH suddenly stopped operating after earning $50 million in fees and was regarded as a "soft rug" by the community, causing low market sentiment. For more details, please see "From Paradigm Investment to Soft Rug, Recording Friend.Tech's Turbulent Year | Web3 Autopsy Report".

$BERA: Today’s community discussion on BERA remains focused on the Berachain ecosystem, especially the NFT space, including the potential repricing of Berachain NFTs, the strategic importance of specific application chains, and the anticipation of the Berachain mainnet launch. BERA enthusiasts are also discussing Berachain’s culture and community, as well as events and collaborations.

$COIN: Coinbase had several key topics driving the discussion today. Notably, there was a lot of interest in Coinbase’s participation in the Optimism Network and its potential impact on enterprise-level Rollups. In addition, community discussions highlighted Coinbase’s decline in app store rankings, its accumulation of ETH alongside major companies such as Sony and Samsung, and its role in the US cryptocurrency lobby: large amounts of USDC and ETH are being transferred to Coinbase, while some of its legal actions against the SEC have also been victorious.

Threads&Tweets

1. Asian fund rumored to be "OTC $SUI", @crypto_condom

2. Give StepN another chance? @MapleLeafCap

3. Why am I optimistic about Farcaster, @erliangerliang

Selected articles

1. "Top KOL Ansem's latest interview: This is the best cycle since I entered the circle | In-depth interview"

Original translation: zhouzhou, Ismay, BlockBeats

In this podcast, well-known trader Ansem explains why he was bearish on the market some time ago, and shares how he discovered and is optimistic about Solana and Solana's trading strategy and his views on the current status and future of memecoin. He also discussed the NFT market. In addition, Ansem has unique insights into the decline of crypto celebrities, crypto investment opportunities, and the relationship between cryptocurrencies and sports betting, and has an in-depth discussion of future trends in the crypto industry.

2.《From Paradigm investment to Soft Rug, a record of Friend.Tech's exciting year | Web3 autopsy report》

Shushu, BlockBeats

From the subtle changes in the relationship with Base to the abortion of the Friend Chain vision, Friend.Tech has been crashing since the update of V2 and the release of the airdrop. Since its launch, Friend.tech has generated a total of approximately US$89.29 million in fee income, of which US$44.67 million was allocated to creators and the rest belongs to the Friend.tech team. Looking back at the project development nodes this year, the unicorns that were once in their heyday at the same time last year are now gone, which is a pity.

3.《The Rise of Solana LST: How Sanctum Can Close the Gap with Ethereum? 》

Sanctum is driving adoption of LST on Solana through a unique approach that is very different from Ethereum. Sanctum leverages Solana’s staking account architecture to aggregate long-tail LST liquidity, in stark contrast to the winner-take-all situation in the Ethereum LST market that has been created through the liquidity moats of leaders like Lido.