CryptoQuant: Retail investors continue to sell Bitcoin, while whales are absorbing the selling pressure.

According to Onchain Lens monitoring, a whale has withdrawn a total of 97,670 HYPE tokens from four exchanges over the past hour, valued at approximately $8.25 million.

Renowned trader Bonk Guy posted that: “I have been observing and trading meme coins across three consecutive cycles. Over the past few years, I have publicly called nearly every meme coin rally that hit a multi-billion-dollar market cap, and have repeatedly turned positions worth tens of thousands to over $100k into profits of millions, even tens of millions of dollars. What I’m telling you now is: USELESS could be a notable DOGE/PEPE-style opportunity in this cycle. Whether you believe it or not is up to you—but many will likely end up entering at a much higher valuation level.”

In the coming week, the Federal Reserve will enter its pre-September policy meeting blackout period, with investors shifting their focus to the upcoming PPI and CPI reports. Additionally, the European Central Bank (ECB) will announce its interest rate decision. Below are the key market highlights for the new week (all times are Beijing Time): Monday, September 7: U.S. and Canadian stock markets will close for one day due to the U.S. Labor Day holiday. Thursday, 1:00 a.m.: ECB President Christine Lagarde will deliver a speech at the official dinner of the German Bundesbank. Thursday, 1:00 a.m.: Apple will hold its fall new product launch event, themed "Write a New Chapter, Shine Bright". Thursday, 8:15 p.m.: The ECB will release its interest rate decision. 8:30 p.m.: ECB President Lagarde will hold a monetary policy press conference. Thursday, 8:30 p.m.: U.S. initial jobless claims for the week ended September 5, as well as U.S. August PPI year-over-year and month-over-month rates. Friday, 8:30 p.m.: U.S. August unadjusted CPI and core CPI year-over-year rates, and U.S. August seasonally adjusted CPI and core CPI month-over-month rates. On the earnings front: Oracle (ORCL.N) will release its quarterly results after U.S. stock market trading hours on Thursday. This report could have a significant impact on the current AI-driven market trading landscape. As one of the leading cloud service providers, Oracle is investing heavily in building AI data centers.

Crypto figure "Big Brother Ma Ji" (Huang Licheng) posted that "I personally suspect my proposal to acquire Friend.tech was blocked by Paradigm, so I withdrew my offer. If project founder Racer relaunches Friend.tech on Robinhood Chain, I will support it."

Hyperliquid co-founder Jeff Yan announced that HyperCore has launched manual lending functionality on its mainnet. HyperEVM smart contracts can call HyperCore’s borrowing and lending functions via CoreWriter, and access relevant data through precompiled contracts.

Crypto KOL XXAntiWar, after nearly a year, returned to posting on X, declaring "Believe the bull market is here", sparking community attention. Notably, on-chain data shows that on September 3, XXAntiWar transferred all 17.56 million "Niu Lai" tokens it held to Binance Alpha.