According to Odaily, trader Eugene Ng Ah Sio has confirmed on the X platform that he has not yet closed his long positions in several cryptocurrencies, including SOL, BNB, WIF, and FLOKI.

According to Cointelegraph, Toncoin (TON) experienced a significant drop in value, losing over 25% following the arrest of Telegram founder Pavel Durov on August 25. The cryptocurrency fell to a low of $4.45 on September 6 but rebounded by 15% to above $5.15 by September 9. Despite this recovery, technical indicators suggest that Toncoin may continue its downward trend. Toncoin's recent price movements are part of an inverse cup-and-handle pattern, a bearish continuation pattern. This pattern typically resolves when the price breaks below the neckline support and falls by the maximum distance between the cup's peak and neckline. On September 3, the TON/USDT pair entered the breakdown stage after slipping below its neckline support of around $5. A week later, its price was testing the same neckline as resistance. If the price fails to move back above the neckline, it confirms that the previous support has turned into resistance, signaling that sellers are still in control. In this scenario, Toncoin's downside target could be around $3.60, approximately 30% lower than current levels. The bearish outlook for Toncoin has been exacerbated by its association with Telegram and Durov, especially amid a global crackdown on the messaging app. South Korea is investigating Telegram for facilitating deepfake crimes, while India, Telegram's largest market with over 100 million users, initiated a probe shortly after Durov's arrest. Indonesia is considering blocking the platform due to inadequate content moderation, and the European Union is reportedly investigating Telegram for allegedly providing false user data. These legal challenges could continue to negatively impact Toncoin's price as investors anticipate further market instability. Despite the negative sentiment, Toncoin whales appear unfazed. Data from Santiment shows an increase in the holdings of Toncoin's richest investors—those with a balance of 10 million to 100 million tokens—following Durov's arrest. Additionally, the total value locked (TVL) across the Toncoin ecosystem has increased during the September price decline, aided by the launch of gaming and memecoin projects like DOGS on its network. This ongoing development within the Toncoin ecosystem could help counterbalance the current headwinds in the longer term. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

According to BlockBeats, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $124 million over the past 24 hours. Of this amount, long positions accounted for $28.41 million, while short positions saw liquidations amounting to $95.36 million.

On Sep 09, 2024, 16:21 PM (UTC). According to Binance Market Data, Bitcoin  (BTC) has crossed the 56,000 USDT benchmark and is now trading at 56,159.628906 USDT, with a narrowed 4.31% increase in 24 hours.

According to BlockBeats, a16z Crypto has announced the commencement of its 2024 Fall Accelerator Program for crypto startups. The program is set to launch this week in New York City and will feature 21 selected startups. These companies will participate in the accelerator to advance their innovative projects in the crypto space. The selected startups include Anera Labs, which is developing infrastructure to integrate all on-chain liquidity, and Banyan, which uses artificial intelligence to bridge communication gaps in the workplace, enhancing clarity for enterprises. Blocksense is another participant, focusing on creating oracles that leverage internet data and CPU/GPU computing. Cork Protocol aims to accelerate on-chain credit through risk pricing protocols. Other notable startups in the program are Dot, which transforms user-created pixel art into game components for on-chain games, and PIN AI, which is building an open platform for personal AI, combining data and agents. These startups represent a diverse range of innovative solutions in the crypto industry, and their participation in the a16z Crypto Accelerator Program is expected to drive significant advancements in their respective fields.

According to Odaily, DOGS has announced on its Telegram channel that 17 million users have claimed DOGS tokens. Over the past two weeks, the number of daily active user addresses has reached 1.1 million multiple times, with a single-day transaction volume hitting 14.4 million. Currently, there are 4.5 million unique wallets holding DOGS tokens on the TON network.

On Sep 09, 2024, 16:13 PM(UTC). According to Binance Market Data, BNB has crossed the 510 USDT benchmark and is now trading at 510.200012 USDT, with a narrowed 3.81% increase in 24 hours.

On Sep 09, 2024, 16:05 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,300 USDT benchmark and is now trading at 2,300.389893 USDT, with a narrowed 2.22% increase in 24 hours.

According to Cointelegraph, PIN AI, an artificial intelligence infrastructure company, has raised $10 million in pre-seed funding and joined the Fall 2024 cohort of the a16z Crypto Startup Accelerator (a16z CSX). The startup is focused on developing the first open-source Personal Intelligence Network (PIN), emerging from research collaborations at Ethereum Core, Stanford, and MIT. This solution directly competes with Apple’s newly launched Apple Intelligence AI solution. In a written Q&A with Cointelegraph, Ben Wu, a co-founder of PIN AI, explained that the Sept. 9 announcement coincides with Apple’s same-day announcement to maximize the impact of the communication. PIN AI is a privacy-focused, open-source alternative to Apple Intelligence, designed to run on lower-spec smartphones and a wider range of devices, making it accessible to a broader audience. Wu highlighted that internet giants like Apple, Google, Facebook, and Amazon have built trillion-dollar empires based on user data, but users don’t own any of it. PIN AI’s AI x crypto solution allows users to earn token incentives based on the data they connect and the activities they perform, sharing ownership of the entire platform with the users. The PIN AI platform will enable developers to create AI agents that operate on users’ devices, utilizing user personal data in a decentralized and privacy-preserving manner. The platform will use blockchain technology and advanced AI models to allow users to manage their data securely across multiple applications. Davide Crapis, another co-founder of PIN AI, explained that the open-source PIN will protect user freedom from big internet giants and take back over $100 billion in profit from user data. The platform empowers users to monetize and control their own data, offering them the benefits that major tech giants like Apple previously dominated. On Sept. 5, the world moved closer to international unification of its goals and values regarding AI after a meeting of Council of Europe ministers of justice. The United States, the European Union, and the United Kingdom were set to sign the Framework Convention on AI, a treaty focused on human rights and democratic values. The treaty aims to regulate public and private-sector AI models and would be the world’s first international treaty on AI that is legally binding on its signatories.

According to BlockBeats, on September 9, NDV co-founder Christian revealed on social media that he has incurred a loss of $500,000 on Friend.Tech. Christian expressed his disappointment, stating that his profits were derived from community members who believed in the vision and power of decentralized social platforms. He criticized Racer, the founder of Friend.Tech, for lacking the capability to develop a groundbreaking application and for acting unethically, which he described as 'cutting leeks.' Christian had hoped the community could recover, but he believes Racer has destroyed all potential for the CTO. He also questioned the due diligence conducted by Paradigm, labeling the situation as a tragedy of the current cycle.

According to Odaily, PancakeSwap has announced on the X platform that it has recently burned 8,928,831 CAKE tokens. The total value of these burned tokens is approximately $15 million. This move is part of PancakeSwap's ongoing efforts to manage the supply of CAKE tokens and potentially increase their value by reducing the circulating supply.

According to Odaily, the market shows that MPLX briefly exceeded $0.25, currently trading at $0.2509 with a 1-hour increase of 2.8%. Recent reports indicate that cryptocurrency funds such as Pantera and ParaFi have acquired Metaplex (MPLX) tokens from FTX's bankruptcy assets.

According to Odaily, MakerDAO's rebranded entity, Sky, announced on the X platform that SparkLend will be the first to issue tokens under the new Stars brand, previously known as subDAO. Subject to governance approval, SparkLend's token, SPK, will be distributed to eligible users through Sky Token Rewards. These users will deposit USDS (stablecoin) to receive new tokens during each new Star token release. SPK pre-farming has been operational for over a year, allowing SparkLend users to earn pre-allocations, which will be claimable upon the launch of SPK.

According to Odaily, market sources indicate that the New York Federal Reserve's 1-year inflation expectation for August in the United States has increased to 3%. This is a slight rise from the previous value of 2.97%.

According to Odaily, X (formerly known as Twitter) and Elon Musk are facing another legal challenge. On September 6, three former Twitter executives, Sarah Personette, James Sullivan, and Dalana Brand, filed a lawsuit in the Northern District of California federal court. The plaintiffs allege they were wrongfully denied over $53 million in severance compensation. The lawsuit claims that following Musk's acquisition of the company, their roles were 'substantially and irreversibly altered,' which they argue provided 'good reason' for their resignation and entitlement to severance pay.

According to Odaily, U.S.-listed Bitcoin mining company Bitfarms has postponed its special shareholder meeting by one week, moving it from October 29 to November 6, to reassess a revised request from Riot Platforms. Riot initially sought to acquire its smaller mining competitor in April for approximately $950 million and has since been purchasing Bitfarms' stock, becoming its largest shareholder with around 19.9% ownership. On September 3, Riot amended its request, citing concerns over recent governance changes at Bitfarms and the proposed acquisition of Stronghold Digital ahead of the special meeting to vote on restructuring Bitfarms' board. Riot advocates for further reforms to Bitfarms' board, emphasizing the need for independent oversight and improved governance practices to enhance shareholder value.

According to Cointelegraph, Cardano's (ADA) price experienced a 9% rally over the weekend following the announcement by The Artificial Superintelligence Alliance (ASI) that their native token, FET, has been deployed on the Cardano blockchain. This development has sparked renewed interest in the Cardano ecosystem, with other on-chain ADA metrics also showing significant activity. On September 7, the ASI alliance announced the deployment of its native token, FET, on the Cardano blockchain, highlighting the network's security, speed, and low transaction costs as primary reasons for the move. The FET token, which will be rebranded as the ASI ticker, is now a native Cardano token (CNT), offering improved functionality and integration with the ADA ecosystem. Following the announcement, both ADA and FET saw collective gains of 8.39% and 6.85%, respectively. Ben Goertzel, CEO of SingularityNET, praised Cardano's infrastructure, noting that its "mathematical elegance" will play a crucial role in advancing Artificial General Intelligence. The announcement also led to a surge in ADA active addresses, reaching a five-month high of 52,077 on September 7, according to data from analytics platform Santiment. This increase in active addresses occurred before the price rally, potentially contributing to a short-term bullish sentiment for ADA. Additionally, the funding rate for ADA turned positive over the weekend after a period of negative funding, indicating that long bets may have dominated the price action. However, ADA's open interest has remained constant over the past month, suggesting that the price is being influenced by a small group of futures traders. If these traders change their bias, ADA could potentially experience a bearish trend continuation. Another factor contributing to ADA's recent rally is its high correlation with Bitcoin (BTC). Bitcoin managed to close above $54,000 on the weekly candle and is currently trading above $55,000. Data shows that Bitcoin and Cardano share a high 90-day rolling correlation index of 0.74, which has increased by more than 10% since the beginning of August. While Bitcoin's returns were only 3% over the weekend, it has provided ADA with a bullish base to build on from its ASI collaboration news. ADA's price reached as high as $0.35 on September 9. On both the 1-hour and 4-hour charts, ADA has successfully undergone a break of structure (BOS) of the current bearish trend. On the 1-hour chart, ADA has maintained a price position above the 200-day EMA level after forming a bullish double-bottom pattern. However, ADA currently faces resistance from the same indicator on the 4-hour chart. If ADA can breach the 200-day EMA level on the 4-hour chart, it could potentially retest local highs at $0.40 in the coming days. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

According to Odaily, MelosBoom has officially launched its Life Data Network (MDLN), which combines decentralized physical infrastructure network (DePIN) and artificial intelligence technologies. Concurrently, the DePIN staking feature within the MelosBoom ecosystem has been activated, allowing users to participate in the operation of life data network nodes by staking AI Speaker (DePIN NFT) or BoomBits NFT. In addition, MelosBoom announced the establishment of the DePIN Institute's KOL matrix, aimed at further promoting and disseminating the DePIN ecosystem. The first phase of Boom Mall's sales event is also nearing its countdown, with the platform set to introduce various high-quality DePIN hardware and NFT assets. Boom Mall platform nodes will be able to use Boom assets for payments and transactions within the platform. Furthermore, MelosBoom will host the 'DePIN+AI Red People Pavilion' at the MR 16 venue (Level 3) during the Token 2049 main event in Singapore this September. Over ten DePIN project teams have been invited to attend and share insights on the latest developments in AI and DePIN technologies.

According to Odaily, Galaxy Research has revealed on the X platform that since the Dencun upgrade, Ethereum Layer 1 protocol revenue from Layer 2 has been almost negligible. The Dencun upgrade, which was anticipated to bring significant changes to the Ethereum network, appears to have had an unexpected impact on the revenue generated from Layer 2 solutions. This development has raised concerns within the Ethereum community about the long-term financial sustainability of the Layer 1 protocol. Galaxy Research's disclosure highlights the need for further analysis and potential adjustments to the Ethereum network to ensure that it can continue to support and benefit from Layer 2 solutions. The findings suggest that the current structure may not be adequately capturing the value generated by these secondary layers, which are crucial for scaling and improving the efficiency of the Ethereum blockchain.

According to Odaily, Particle Network has announced the upcoming launch of its Universal Accounts, which will be rolled out in two phases: an early access phase and a public beta phase. The early access phase is currently open for public pre-registration, while the public beta phase is set to begin in a few weeks. Approved users will be able to use the upgraded Universal Accounts, which will support multiple mainnets and additional new features. Particle Network reported significant success during its testnet phase, attracting 1.6 million users and completing over 200 million Universal Account transactions. The project collaborated with well-known public chains such as Arbitrum, Base, and Berachain for four rounds of joint testing. Additionally, Particle Network has spearheaded the formation of the Chain Abstraction Coalition, which includes over 60 participants. The company believes that chain abstraction technology will be crucial in addressing the challenges of multi-chain navigation and has the potential to drive rapid industry growth.