Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that two addresses linked to the Ethena project are suspected of liquidating their holdings. Since September 3, they have transferred a total of $6.75 million worth of ENA tokens to centralized exchanges (CEXs). The two addresses deposited 19 million ENA tokens (valued at approximately $3.29 million) into Bybit over the past 15 hours. The tokens held by these addresses were all transferred from Ethena’s multi-signature address two years ago and had not been moved in the interim. They began bulk depositing after the recent sharp rally in ENA’s price.

Galaxy Research has released a report noting that attackers behind the Coldcard "Wave 3" breach are still actively transferring stolen funds. During this phase, the attackers created 293 2-of-2 multisig vaults for each victim’s individual assets. On September 2, the first batch of funds was cross-bridged to Ethereum via THORChain, while the latest round of transfers has entered the CoinJoin mixing process. Currently, the Wave 3 attackers are processing the largest stolen funds in descending order of amount, having sequentially transferred vaults ranked 1 through 11 so far. The next 10 untransferred vaults hold a combined 30.81 BTC, while vaults ranked 61 to 293 hold a total of 33.77 BTC. To date, the attackers have moved approximately 45% of the total stolen funds from the exploit, with funds flowing either to Ethereum (via THORChain) or into CoinJoin mixing transactions. Additionally, a previously unknown vault was uncovered in the fund transfers: 58 addresses co-spent via 2-of-2 multisig matching the Wave 3 format, and were further transferred by the attackers to a jump address that supplies CoinJoin. On-chain analytics teams have labeled this vault as "cause = open" but believe it is very likely also a Coldcard victim, meaning the total number of vaults involved in Wave 3 could rise to 294, pushing the previously disclosed total stolen BTC from the Coldcard exploit to roughly 1,806 BTC. As of now, around 82% of the stolen BTC remains in the attackers’ initially controlled addresses, while approximately 18% has been transferred, with fund flows indicating potential money laundering activity.

Beating AI News Flash: OpenAI has optimized ChatGPT subscription usage for GPT-6 Astra. Core product lead Tibo stated that model quality remains unchanged, with subscription quota consumption in some heavy-use scenarios dropping to roughly 1/3 to 1/4 of prior levels. The optimization is explicitly targeted at ChatGPT subscription quotas. OpenAI has not disclosed the specific mechanism, though its wording indicates it is an adjustment to subscription-side usage calculations. Over the past two days, multiple reports of excessive Astra quota consumption have emerged on OpenAI’s GitHub. Some Plus users said they hit usage limits in around 20 minutes, while Pro 20x users reported depleting most of their weekly quota in a single day.

DeFi researcher Ignas posted on X: "After Bankless founder David Hoffman sold his ETH, he reallocated his portfolio to several top-performing tokens, including LIT and ZEC. NEAR also performed well, while only VVV underperformed the broader market. Though the market was rife with FUD (fear, uncertainty, doubt) at the time, and it was near ETH’s bottom, active crypto investors’ goal is always to outperform BTC and ETH. Well done, David." Earlier, Bankless co-founder David Hoffman announced in June that he had liquidated all his ETH holdings and purchased VVV, NEAR, ZEC, HYPE, and LIT.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, Arthur Hayes has once again added to his UNI holdings, building a position worth over $2 million since yesterday. In the past hour, his address 0x6cd…47e21 received 39,000 UNI tokens (valued at $282,000) from FalconX, pushing his total UNI holdings to 284,101 tokens worth $2.007 million, at an average entry price of $7.06. This marks his first large-scale UNI transaction in nine months, and UNI has now become his third-largest on-chain holding.

According to GMGN market data, today’s meme coin market continues rotating between Robinhood Chain and Solana, with capital rapidly switching between high-market-cap leading tokens and new narrative assets. Trading activity on Robinhood Chain remains centered on MEME, BONER, and PONS, while Solana’s meme space is driven by zec and STONK. On Robinhood Chain, PONS became the first token on the chain to challenge a $1 billion market cap yesterday, peaking at $990 million before consolidating at a high level. The meme coin is currently trading at ~$0.801, with a market cap of ~$802 million, a 15.4% 24-hour drop, and $136 million in 24-hour trading volume. MEME surged yesterday, hitting a market cap of ~$174 million before pulling back. It is now priced at ~$0.096, with a market cap of ~$96.5 million, a 118% 24-hour gain, and $108 million in 24-hour volume. BONER has rallied again, with its market cap briefly exceeding $80 million; GMGN data shows its all-time high market cap is ~$89.3 million. The meme coin is trading at ~$0.067, with a market cap of ~$67 million, a 114% 24-hour gain, and $31.3 million in 24-hour volume. Over on the Solana network, zec also boasts high trading activity, with its market cap briefly hitting ~$114 million. The meme coin is priced at ~$1,184, with a market cap of ~$113 million, an 11.8% 24-hour gain, and $90.5 million in 24-hour volume. zec is primarily tied to Zcash/ZEC-related narratives, drawing capital amid broader privacy coin trends and Solana meme coin momentum. Additionally, Solana’s STONK has also seen strong performance, with its market cap briefly hitting ~$191 million. The meme coin is priced at ~$0.165, with a market cap of ~$145 million, a 141% 24-hour gain, and $104 million in 24-hour volume. STONK is linked to the stonkfun ecosystem and stands as one of the most concentrated new trading hotspots on Solana in recent times.