Strategy Shareholder Withdraws Board Lawsuit Over Cryptocurrency Accounting Standard Impact

September 11th. Adam from Greeks.live, a macro researcher, tweeted that "Although there is the upcoming Fed interest rate decision next week, the implied volatility in the options market is relatively stable and even slightly declining. The options market has priced in future volatility at a low level. The consensus is that a 25-basis-point rate cut has already been priced in by the market." Recently, there has been a significant increase in the volume of large transactions, accounting for more than half of the daily volume in the past two weeks. Looking at the transaction distribution, most of the trades are for within the current month, and the ratio of active buys to active sells is close. This indicates a significant difference in opinions in the market for the latter half of this month, but with generally expected volatility. Overall, the market still has a positive outlook for the fourth quarter.

On September 11th, as monitored by Onchain Lens, a newly established wallet once again withdrew 7,766 ETH from OKX, which is worth $34.02 million. Currently, the address holds 15,543 ETH, with a value of $68.41 million.

On September 11th, as reported by the Financial Times, the Avalanche Foundation is in the process of planning to raise approximately $1 billion by establishing two cryptocurrency treasury companies within the United States. The foundation has carried out in-depth discussions with investors regarding the establishment of a new digital asset treasury company and the transformation of an existing Nasdaq-listed company into a treasury company. The funds to be raised will be utilized to purchase a significant amount of AVAX tokens from the Avalanche Foundation at a discounted price. The first project is being led by Hivemind Capital and aims to raise up to $500 million in a Nasdaq-listed company, with cryptocurrency investor and former White House Press Secretary Anthony Scaramucci serving as an advisor. The second project is initiated by Dragonfly Capital's SPAC and is targeting another $500 million.

On September 11th, Coinbase announced that the fix had been implemented and the issue preventing some users from making cryptocurrency transfers had been resolved. They will continue to monitor to ensure all services return to normal. Earlier reports showed that Coinbase stated that they were aware that some users might currently be unable to initiate cryptocurrency transfers and their team was investigating the issue and would provide further updates shortly.

On September 11th, according to the information on the Polymarket page, during the auction of the Hyperliquid stablecoin USDH, the winning probability of Native Market rose to 93%, while the winning probability of Paxos dropped to 6% and ranked second.

On September 11th, Joseph Lubin, the founder of Consensys and a co-founder of Ethereum, posted on social media, saying, "By holding Linea, you will have the chance to obtain additional rewards, mainly in the form of other tokens; some from Consensys and some from protocols with which we collaborate. MetaMask and Linea are working together to establish the relevant mechanisms to achieve this goal. Holding LINEA tokens indicates that you are a member of the community and may participate in activities such as construction, staking, and utilization." In the future, users who hold a certain amount of tokens for a certain number of days may receive additional token airdrops, with higher rewards for holding larger amounts for longer periods.