Key market intelligence for September 11, be sure to read it!

Featured News

1. BNB Chain official X account with pictures to announce the upcoming launch of BNB re-staking

2. Fractal Bitcoin mainnet transaction fees continue to rise, multiple block fees exceed 700 Sat/byte

3. STEPN GO new currency GGT rose more than 15% in the past 24 hours, and GMT rose more than 7%

4. Linea co-founder Marco Monaco Announced his resignation and said Linea is undergoing a major transformation

5. Justin Sun: Tron Super Representative Council proposes to increase the energy limit to 150 billion, aiming to further reduce network fees

Trending topics

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

Polymarket: has received a lot of attention today for its role in the current political debate, especially the Trump-Harris debate. The platform is used to predict outcomes and track odds in real time. Discussions focused on Polymarket's innovative prediction market approach, how it compares to other prediction platforms, and its impact on the crypto market. Some users expressed doubts about its accuracy. The platform's new dashboard and its impact on transaction fees on Polygon PoS are also a focus.

$ENS: $ENS is gaining attention today for its integration with major payment platforms PayPal and Venmo, allowing users to now send cryptocurrency payments using ENS names. The development is seen as a major step towards mainstream adoption of Ethereum and Web3 technology, simplifying cryptocurrency transactions by replacing complex wallet addresses with easy-to-use ENS names. This is expected to improve user experience and reduce transaction errors, marking a major milestone for ENS and the broader crypto ecosystem.

$TRX:Today's discussion on TRX focused on the collaboration between Tron, Tether, and TRM Labs, who have jointly established the T3 Financial Crimes Group, which aims to combat illegal activities involving USDT. The initiative has been widely praised, with many tweets highlighting its potential to improve blockchain security. In addition, meme coins on the Tron network, especially $SUNDOG, have grown significantly and are expected to be listed on Bybit. The overall sentiment is positive, and many people are confident in the future development of Tron and its proactive security initiatives.

ThreadsTweets

1. Understanding of the underlying logic of crypto - regulatory arbitrage. @DoveyWanCN

2. The market value of Polygon POS stablecoins continues to rise. @_0xNinja_

3. Analyze Pendle's potential from a statistical perspective. @The_Tradeguru

Selected articles

1. "Drift ($DRIFT) Valuation Analysis——Multicoin Capital"

Spencer Applebaum

expects Drift to continue to iterate on its core perpetual contract products and continue to expand its market share over time. Based on the valuation framework and market assumptions outlined in the report, Multicoin Capital values DRIFT at $3.58, more than 7 times its current market price.

2.《What happens when every token launches re-collateralization? 》

ManoppoMarco

Many assets will be rehypothecated, giving developers a lot of choices to make before deciding which rehypothecated assets to integrate. Ultimately, developers will choose the rehypothecated asset ecosystem that best benefits their product, just as they would when choosing a new chain to deploy, and sometimes multiple. This is not about economic security, but about insurance, rehypothecation, and politics.

3. "Why September is so terrible for Bitcoin? "

BitwiseInvest

Because September is bad for all risk assets, see tech stocks. It's also SEC enforcement season - those Wells notices must be issued by September 30th. People expected September to be terrible, and so it was.

Biggest Gainers Losers

Token volatility on September 10, sorted by trading volume

Top Gainers

1.$ICP

2.$AAVE

3.$BSV

Top Losers

1.$WIF

2.$Arweave

3.Starknet

Today’s Hot Memes

Meme fund flows on September 11, sorted by trading volume and increase

1.$HARRIS (Ethereum)

2.$PERAY (Ethereum)

3.$CATE (Ethereum)

On-chain data

On-chain fund flow on September 11