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Share link:In this post: The CrediX team deleted the platform’s X account, sparking speculation that the recent hack was a rug pull. Other DeFi protocols on Sonic were also affected, and are now scrambling to contain the damage. Some of the stolen funds are already mixed through TornadoCash, though Sonic Labs and Stability DAO are still investigating the exploit.
Share link:In this post: Gold fell to $3,463 after hitting a record $3,530 as the White House announced plans to clarify bullion tariff rules. U.S. Customs confirmed 1-kg and 100-oz gold bars from all countries face the 39% tariff. Traders warn tariffs could raise settlement costs, widen the New York–London price gap, and hurt liquidity.
Share link:In this post: Elon Musk says Tesla will prioritise inference chips for real-time AI decisions. Media report claims in-house Dojo supercomputer team has been shut down. The move comes amid restructuring, job cuts, and intensifying EV market competition
Share link:In this post: Nasdaq closed at 21,450.02, a new record, after gaining 0.98% Friday. S&P 500 rose 0.78% and Dow added 0.47%, both ending the week higher. Apple surged 13% this week after announcing a $600B U.S. investment plan.
Share link:In this post: In the first half of 2025, China nearly overtook the United States as Germany’s largest trading partner due to tariff disruptions. This shift indicates a broader trend in global trade, where China is increasingly becoming a dominant player in the European market, challenging U.S. influence. The World Trade Organization has warned that global trade will be significantly affected if rising tensions are not resolved.
BlackRock has confirmed it has “no plans at this time” to launch spot ETFs for XRP or Solana, despite Ripple’s legal victory. The decision has fueled industry debate, with some analysts calling it a prudent focus on Bitcoin and Ethereum, and others warning it could be a costly oversight.
- 22:43MegaETH launches stablecoin USDm to subsidize sequencer feesBlockBeats News, September 9, according to The Block, MegaETH, an Ethereum scaling solution developed by MegaLabs, is launching a stablecoin called USDm on its chain. The USDm model is built in collaboration with the decentralized finance protocol Ethena, aiming to achieve synergy between the chain and ecosystem incentives by operating the sequencer at cost price and keeping transaction fees low and stable for users and builders. MegaETH pointed out that currently, several Layer2 networks profit by charging additional sequencer fee spreads. This model may cause conflicts with users and developers, especially as EIP-4844 reduces data costs, making fee spreads even more unpredictable. USDm attempts to address this issue by directing stablecoin reserve yields to cover shared network costs. Once the project mainnet is launched, reserve income will be programmatically used to directly cover sequencer operating expenses, rather than serving as on-chain profit. The first version of USDm will be issued through Ethena’s USDtb channel. According to the team, this structure provides institutional-level endorsement and transparent accounting—USDtb reserves are mainly held by Securitize in BlackRock’s tokenized US Treasury fund (BUIDL), supplemented by liquid stablecoins to handle redemptions. A MegaETH representative stated that USDm will initially operate by exchanging USDtb rather than direct fiat redemption. The team did not disclose the target fund size required to cover daily operations, stating that these parameters will be determined gradually over time.
- 22:43MYX briefly surpasses $10, with a 24-hour increase expanding to 234%BlockBeats News, on September 9, according to market data, MYX briefly surpassed $10 and is now quoted at $9.89, with a 24-hour increase expanding to 234%.
- 22:42MYX contract liquidations across the entire network reached $46.89 million in 24 hours, still ranking first in the crypto market.BlockBeats News, September 9, according to Coinglass data, the total liquidation of MYX contracts across the network in the past 24 hours reached $46.89 million, still ranking first in the crypto market (during the same period, ETH was $40.87 million). Among them, long positions were liquidated for $6.04 million, and short positions were liquidated for $40.85 million.