Odaily News: On September 10, according to SoSoValue data, due to a combination of factors including the ongoing escalation of the US-Iran conflict, US Treasury buyback volumes falling short of expectations, and the crash of the Meme coin LAPTOP launched by Hunter Biden disrupting the market, crypto market sectors experienced broad declines. The Robinhood Chain sector led losses with a 24-hour drop of 9.47%. Within the sector, Pons (PONS), which had previously surged significantly, fell 16.30%, while Cash Cat (CASHCAT) dropped 12.05%. According to SoSoValue statistics, Robinhood Chain's daily on-chain transaction count decreased 17.4% compared to the same day last week, ecosystem tokens broadly pulled back, and net cross-chain capital outflows over the past 7 days amounted to approximately $174 million.Additionally, the RWA sector fell 7.36%, with Sky (SKY) dropping 10.70%, Pendle (PENDLE) falling 7.54%, and Maple Finance (SYRUP) declining 7.38%.In other sectors, the PayFi sector fell 1.41% over 24 hours, though Zcash (ZEC) rose 3.34%; the Layer1 sector dropped 2.83%, with Polkadot (DOT) falling 6.94%; the CeFi sector declined 3.78%, with Binance Coin (BNB) dropping 4.73%; the DeFi sector fell 4.29%, with Uniswap (UNI) declining 11.69%; the Layer2 sector dropped 4.43%, with Arbitrum (ARB) falling 11.47%; the Meme sector declined 5.48%, with Hunter Biden's Laptop (LAPTOP), which launched yesterday, rebounding 73.32% after its crash, now trading at $0.844.Crypto sector indices reflecting historical sector performance show that the ssiRWA, ssiAI, and ssiMeme indices fell 7.36%, 6.38%, and 5.98% respectively.

Odaily News, Bitfinex Alpha report shows that Bitcoin has been trading sideways in the 77,100 to 81,300 USD range over the past 20 trading days, with the current price approaching the key support level at the lower end of the range. If it breaks above 81,300 USD, the volume vacuum above could push the price quickly up to 86,500 USD. In the options market, protection has been moved to contracts expiring on September 18 ahead of the Federal Reserve's interest rate decision. The report also notes that while Bitcoin volatility has declined, altcoins have shown notable activity, with all 29 major coins posting gains last week—Polkadot up 43% and Zcash up 42%. For the first time this week, open interest in altcoin perpetual contracts has surpassed that of Bitcoin, a historical pattern often accompanied by market correction risks.

Odaily News: The Polkadot community has initiated OpenGov Proposal No. 1944, aiming to create a native decentralized stablecoin called dotUSD and establish it as the primary stable value asset within the Polkadot ecosystem. The proposal is currently undergoing governance voting. According to the proposal, dotUSD will adopt an over-collateralization mechanism, allowing users to mint dotUSD by locking DOT in the future. The system will also include a stability pool, liquidation mechanism, and redemption mechanism to maintain its peg to the US dollar. The proposal plans to use funds from the Polkadot treasury to provide initial liquidity for the DOT/dotUSD liquidity pool, with $2.5 million in USDT used to mint dotUSD and an additional $2.5 million worth of DOT allocated to the liquidity pool, bringing the total initial funding to $5 million. dotUSD is planned to launch in phases, with the first phase using USDT as reserve backing for minting, and the second phase introducing a full DOT collateral vault, oracle, stability pool, liquidation, and redemption mechanisms.

Odaily News, September 9 - According to SoSoValue data, the overall cryptocurrency market continues to maintain a consolidation trend. The CeFi sector remains relatively resilient, rising 1.66% in 24 hours, with Cronos (CRO) up 6.93% and Binance Coin (BNB) up 1.79%. The Layer1 sector rose 1.09%, with Polkadot (DOT) up 12.12% and Zcash (ZEC) up 3.68%. The PayFi sector rose 0.59% in 24 hours, with Ultima (ULTIMA) up 7.06%.Additionally, Bitcoin (BTC) fell 0.63%, dropping below $79,000, while Ethereum (ETH) fell 0.16%, slipping below $2,500.In other sectors, the Meme sector fell 0.54%, but Useless Coin (USELESS) surged 30.19%. The DeFi sector fell 0.79%, with Morpho Token (MORPHO) down 7.17%. The Layer2 sector fell 0.94%, with Optimism (OP) down 5.84%. The RWA sector fell 2.93%, with Pendle (PENDLE) down 5.65%.The crypto sector index, which reflects historical sector performance, shows that the ssiCeFi index rose 1.66%, while the ssiNFT and ssiRWA indices fell 3.26% and 3.03%, respectively.

Odaily News - The latest disclosure from 21Shares' Polkadot ETF (TDOT) shows that in Q2 2026, the fund sold DOT tokens to pay staking rewards, incurring approximately $4.52 in realized losses for every $1 in distributions generated.According to regulatory filings, TDOT sold 98,505 DOT in Q2, generating approximately $107,500 in cash to pay staking rewards to shareholders. However, due to the sharp decline in DOT's price, these sales confirmed approximately $485,600 in losses.Data shows that DOT fell approximately 34% in Q2 2026, with a cumulative decline of 76% over the 12 months ending June 30. Since TDOT shareholders receive USD-denominated distributions rather than DOT staking rewards directly, the fund must sell DOT to convert to cash payments, thereby locking in losses in a low-price environment. In Q2, TDOT paid shareholders approximately $0.14698 per share in distributions, but the fund's share price fell from $14.95 to $9.86 during the same period, a decline of roughly 34%. Staking yields did not offset the losses from the decline in asset prices. (Protos)

Odaily News – Grayscale withdrew three ETF registration applications for Cardano (ADA), Hedera (HBAR), and Polkadot (DOT) in succession on August 7, with the three withdrawal filings submitted approximately 190 seconds apart.All three withdrawal filings indicate that Grayscale no longer plans to proceed with the issuance of shares for the related ETFs. The filings also note that the registration statements had not yet taken effect, no securities were issued or sold, and no preliminary prospectus was published. These withdrawals do not represent rejections by the SEC of the related ETF applications, and the filings do not disclose the reasons behind them.As of August 8, Grayscale's altcoin ETF applications for Bittensor, Aave, BNB, NEAR, and Zcash remain in the preliminary stage. Previously, Grayscale's Avalanche Staking ETF and Hyperliquid Staking ETF registration statements took effect in March and June of this year, respectively. However, the effectiveness of a registration statement does not mean the product has begun trading. (cryptoslate)

Odaily News: Wormhole has announced that the Moonbeam network will officially shut down on July 31, 2026. During the transition period, the Moonbeam parachain will continue to operate, but will cease operations after July 31.Wormhole stated that after this date, Portal and Wormhole contributors will be unable to assist in recovering assets remaining on the Moonbeam chain, and advises users to cross-chain transfer their external assets through official Moonbeam channels before the deadline. Previously, Moonbeam announced its exit from the Polkadot ecosystem and will migrate GLMR tokens to the Base network at a 1:1 ratio.

Odaily Planet Daily News Prediction market platform Kalshi has submitted a self-certification application to launch derivatives linked to Ethereum, XRP, Solana, Dogecoin, Stellar, Chainlink, Bitcoin Cash, Litecoin, Sui, Shiba Inu, Polkadot, and Hedera. This follows the CFTC's approval of Bitcoin perpetual futures last Friday. The CFTC stated that perpetual futures products that US companies intend to list, other than Bitcoin, will be reviewed on a case-by-case basis, and noted that the design of such derivatives may not be suitable for all asset classes. Therefore, this batch of products submitted by Kalshi has not yet been approved.

Odaily reports that the Zcash Foundation disclosed that as of the end of the first quarter, it held approximately $36.69 million in liquid assets, including about $21 million in ZEC, $12.6 million in cash and USDC, as well as small amounts of Bitcoin and ETH.Operating expenses for the first quarter were approximately $817,000, with team compensation being the largest expenditure item. Overall, the Zcash Foundation's quarterly spending has remained below $1 million recently, reflecting a relatively restrained financial structure.This contrasts with the large-scale incentive and marketing expenditures of some crypto foundations. For example, the Uniswap Foundation previously reserved over $100 million for grants and incentive programs, while the Polkadot Foundation has also faced criticism for its high marketing spending.

Odaily News On April 17th, according to data from SoSoValue, the crypto market sectors experienced widespread gains, with the AI sector standing out, rising 12.48% in 24 hours. Among them, Siren (SIREN) surged 92.70%, and SkyAI (SKYAI) rose 32.37%. Additionally, Bitcoin (BTC) fell 0.14%, holding around $74,000; Ethereum (ETH) dropped 1.12%, falling to just above $2,300.In other sectors, the Meme sector rose 12.03% in 24 hours, with ORDI (ORDI) soaring 153.69%; the Layer2 sector increased 5.36%, with Celestia (TIA) up 22.55%; the Layer1 sector gained 2.91%, with Polkadot (DOT) rising 11.33%; the DeFi sector advanced 2.82%, with Ethena (ENA) up 11.36%; the PayFi sector climbed 2.80%, with Safe (SAFE) rising 15.49%; the CeFi sector increased 1.39%, with FTX (FTT) up 5.43%.The crypto sector indices reflecting historical sector performance showed that the ssiMeme, ssiLayer2, and ssiNFT indices rose by 7.74%, 4.91%, and 4.57%, respectively.