Binance Alpha will open airdrop distribution at 18:00, with a Phase 1 point threshold of 238 points.

September 8th: In the largest-scale airstrike since the Russian invasion began, a significant government building in the center of Kyiv caught fire, resulting in casualties and infrastructure damage in multiple regions. President Trump of the United States has made it explicit that he is ready to initiate the "second-stage sanctions" against Russia. Secretary Yellen of the U.S. Treasury has also disclosed that the U.S. and Europe may impose additional tariffs on countries purchasing Russian oil in order to further constrict Moscow's financial resources. In the macro market, as risk aversion intensifies, there is a resurgence of demand for U.S. bonds, and the U.S. dollar index remains within a certain range. Geopolitical conflicts and sanction risks may exert upward pressure on energy prices, further influencing inflation expectations. The market is focusing on the upcoming inflation data and the future policy direction of the Federal Reserve, with the potential for increased volatility

On September 8th, based on Token Terminal data, the total market capitalization of stablecoins on Ethereum has reached $165 billion, setting a new record high.

On September 8th, based on market data, certain tokens in the Binance Alpha sector experienced significant gains today. MYX and TALE took the lead. The details are as follows: MYX witnessed a 173.39% increase in the past 24 hours and is currently trading at $3.7; TA saw a 74% increase in the past 24 hours and is currently trading at $0.17706; TALE saw a 68% increase in the past 24 hours and is currently trading at $0.005185; TOWN saw a 56% increase in the past 24 hours and is currently trading at $0.006358. BlockBeats reminds users that the prices of these related tokens are highly volatile, and users should invest with caution.

On September 8th, Sam Kazemian, the founder of Frax, stated in a social media post that the key insight of the Hyperliquid USDH event is that the true value of a stablecoin issuer lies in the interoperability and deep integration of the economic distribution chain rather than the obtainable sovereign bond yield. He stated that candidate parties, including Frax and Paxos, are willing to return 100% of the yield to Hyperliquid, but the actual value should far exceed yield sharing.

On September 8th, according to Coinglass data, within the past 24 hours, the liquidation volume of SOMI, MYX, and WLFI all exceeded that of Bitcoin. Among them: - SOMI surged by more than 56% in the past 24 hours and is currently trading at $1.64. The liquidation volume in the past 24 hours was $17.4 million, mainly from short positions, and the current contract funding rate is negative. - MYX surged by more than 180% in the past 24 hours and is currently trading at $3.73. The liquidation volume in the past 24 hours was $13.5 million, mainly from short positions, and the current contract funding rate is positive. - WLFI surged by more than 2% in the past 24 hours and is currently trading at $0.23. The liquidation volume in the past 24 hours was $12.2 million, experiencing both long and short liquidations, and the current contract funding rate is positive.

On September 8th, based on the monitoring of LookOnChain, a whale has established 3 wallets within the past 8 hours and gone long on PUMP with a leverage of 5 times. The total position is 1.31 billion PUMP tokens, which is equivalent to approximately $6.3 million.