according to official data, in the 7 days ending on September 4th, Circle issued approximately 5.9 billion USDC, redeemed approximately 3.8 billion USDC, and the circulation increased by approximately 2 billion coins. The total circulation of USDC is 72.5 billion coins, with a reserve of approximately 72.6 billion US dollars, of which approximately 9.4 billion US dollars are in cash, and the Circle Reserve Fund holds approximately 63.2 billion US dollars.

Mizuho Bank stated that the August non-farm payroll report in the United States further confirmed the weakening trend in the labor market, with employment, hours worked, and income growth falling back to pandemic levels. Regardless of inflation, the Federal Reserve is almost certain to cut interest rates at the September meeting. A 25 basis point rate cut is almost a foregone conclusion, but if August inflation is weaker than expected, a 50 basis point cut is more likely. The Fed's previous inflation forecasts have been "slapped in the face" by reality, and its 2026 unemployment rate forecast faces the risk of not being met. They were overly pessimistic about inflation and overly optimistic about the labor market. It is expected that the Fed will launch a sustained easing cycle, aiming to lower interest rates to what it considers a "neutral level" by March 2026, around 3%. The new Fed chairman is likely to further ramp up stimulus measures, lowering rates to near 2%. However, the risk is that if inflation picks up again, at least some of the stimulus measures will be withdrawn by 2027. 

 according to Lookonchain monitoring, a whale withdrew 5297 ETH worth $24.7 million from Binance and Bitget. In addition, another whale 0x7451 received 13322 ETH worth $61.65 million from FalconX.

the integrated financial platform Request Finance attack incident report, only one user was affected by this incident. The attacker invaded the Request Finance front-end system on September 10 and injected authorization instructions into a contract that appeared to be similar to it (name, address, part of ABI interface, recent activities). The victim not only transferred funds to the normal contract when making payment, but also authorized the contract to consume USDC unlimitedly. The team has now implemented additional protection mechanisms and monitoring measures.

Overseas media Best in Media recently released a special report titled "Continuous Evolution of the Cryptocurrency Industry, Gate.com Leads the Wave of Change", analyzing Gate's global expansion and ecological strategy in the first quarter of 2025.

 the London Stock Exchange Group announced the launch of a blockchain-based digital market infrastructure platform, initially focusing on the private equity fund sector, marking the official entry of the exchange operator into the digital asset field. According to Monday's announcement, MembersCap has used the platform to raise funds for its tokenized fund MCM Fund 1. London-regulated digital securities exchange Archax acts as the nominal holder. By utilizing blockchain technology, the LSE Group aims to enhance efficiency in the private equity market - a sector increasingly seen as a mature testbed for digital transformation. Although the current platform is only open to private equity funds, the group plans to expand to other asset classes in the future. (Jinshi)

according to data from fees.pump.fun, since Pump.fun started repurchasing PUMP tokens on July 15th, it has repurchased approximately $94.5 million worth of PUMP tokens, reducing the total circulating supply by 6.578%.

 according to HashKey Global market data, HSK price has broken through $0.4758, with a 20% increase in the past 24 hours. HashKey Global is the flagship virtual asset trading platform under HashKey Group, providing licensed virtual asset trading services to global users. HashKey Global has been granted a comprehensive license by the Bermuda Monetary Authority (BMA) for the digital asset investor protection system, offering mainstream trading and service products such as LaunchPool, contracts, and leverage.

according to CryptoQuant analyst @avocado_onchain, long-term holders of Bitcoin are still holding on and there is no sign of selling. "Historically, Bitcoin's sharp rise often occurs when market attention decreases and sentiment is low, so the current silence may be a precursor to the next big market trend."

 Matrixport released a chart today, stating that "the probability of a 25 basis point rate cut by the Fed this week has significantly increased. Despite the market still having voices calling for 'no change' or 'a one-time 50 basis point rate cut', in the case of inflation below target and limited tariff pressure, the Fed is more likely to choose a moderate rate cut and continue its cautious stance. In a loose environment, concerns about 'good news being priced in' are unlikely to materialize, and instead may further drive the bull market. Our monitoring shows that the market has already priced in expectations of three or more rate cuts, and this round of loose expectations may provide momentum for Bitcoin to hit new highs."

 that investment management company Payden & Rygel stated that whether the Federal Reserve cuts interest rates by 25 basis points or 50 basis points this week is just a "minor disagreement." Their analysts pointed out that the key is that the current labor market is in a fragile balance state - which is completely different from the situation in 2024. They stated: "To avoid a balance collapse, the Federal Reserve should 'quickly move forward with rate cuts' as suggested by Governor Waller in a recent speech." The company's economic outlook for the next 12-15 months indicates that the federal funds rate should gradually approach 3%. Currently, the Federal Reserve has set a target range for the federal funds rate of 4.25%-4.50%. 

 today's cryptocurrency derivative risk index is 56 (yesterday was 60 "neutral volatility"), still in the "neutral volatility" range.

on June 23, Bitget officially connected to the Sahyog portal platform under the Indian Cyber Crime Coordination Center (I4C). It became one of the few global cryptocurrency trading platforms to join this system. Sahyog is the official collaboration interface between Indian law enforcement agencies and digital service providers. This connection means that Bitget will respond to data requests from Indian law enforcement agencies through legal and compliant, secure and efficient channels, in accordance with Section 94 of the Indian Citizen Security Act and Section 79(3)(b) of the Information Technology Act.Hon Ng, Chief Legal Officer of Bitget, said: "India is an important market in our global strategy. Connecting to the Sahyog platform is an important step for Bitget to implement local regulatory requirements and strengthen compliance cooperation. We will continue to optimize the compliance system to assist law enforcement agencies in governance and regulation in the digital asset field."Against the backdrop of increasingly strengthened global regulation, Bitget is actively deepening its compliance layout in major markets. This entry into Sahyog not only strengthens cooperation with Indian regulatory agencies, but also demonstrates its long-term commitment to building a transparent and trustworthy encrypted ecosystem.

 according to on-chain analyst @ali_charts monitoring, whales have sold 160 million XRP in the past two weeks.

 according to an official announcement, Binance has completed the integration of WorldLibertyFinancialUSD (USD1) on the Solana network, and has now opened deposit and withdrawal services.

spokesman for the Iranian Military Central Command said: "Strong action will be taken against the United States," and US intervention has expanded the range of legitimate targets for Iranian armed forces. 

Starknet has announced the start of BTC staking integration upgrade, and the staking protocol will be temporarily suspended for several hours to complete this major update.

 according to the official announcement, Upbit will suspend the deposit and withdrawal services of VANA (Vana Network) and SEI (Sei Network) starting from 23:00 on September 18, 2025 (Hong Kong time) due to wallet system upgrade. The resumption time will be notified separately after stability confirmation. Users need to complete relevant operations in advance to avoid affecting transactions.

 according to Bitcoin Historian statistics, last week listed companies collectively increased their holdings by 12,400 bitcoins, and 3,150 bitcoins were mined last week. The shortage of bitcoin supply has become a certainty.

Hong Kong Financial Secretary Paul Chan Mo-po said at a forum on June 21 that the recent market has shown strong interest in digital assets, especially the issuance of stablecoins has sparked heated discussions. As an international financial center, Hong Kong must continuously reform and innovate to enhance our competitive advantage. We embrace the development of digital assets and have accelerated the improvement of relevant legal regulatory frameworks in recent years. For example, the licensing system for virtual asset trading platforms has issued 10 licenses and is currently processing another eight applications. We have also just completed the legislation on stablecoins, which will come into effect on August 1, making Hong Kong one of the first jurisdictions globally to establish a legal regulatory framework for stablecoins.