Linea price

Selected news 1. Aster: 8.8% of the tokens will be unlocked and distributed at TGE, and a portion of the protocol revenue will be used for buybacks 2. Binance reduced its holdings of Ethereum by more than 30,000 in September, continuing to increase its position in Bitcoin 3. Today, BSC is highly active on the chain, and new meme coins Jobless and Bdog are actively traded 4. WLD rose more than 23% in 24 hours and is now trading at $1.298 5. Distribution: The Sui ecosystem DeFi protocol Nemo was attacked, resulting in a loss of approximately $2.4 million Trending topics Source: Overheard on CT (tg:@overheardonct), Kaito HYPERLIQUID: Today's discussion on HYPERLIQUID focused on the proposal for USDH's stablecoin infrastructure, with the core debate over whether to deploy it by a mature institution like Paxos or by a native team. The community is debating the benefits of institutional-grade infrastructure and compliance support, and the value of native teams in terms of strategic focus and alignment. The proposal proposed by Agora, Rain, and LayerZero has attracted attention for its commitment to giving back 100% of revenue to the Hyperliquid ecosystem. The discussions highlighted the importance of ecological consistency, scalability, and the potential for USDH to grow into a mainstream stablecoin, with various stakeholders voicing their opinions on the best path forward. AVAX: Today's Twitter discussion around AVAX highlights its real-world application value beyond cryptocurrencies, including in areas such as payments, gaming, and supply chain, highlighting its scalability and speed. The Avalanche network's recent surge in weekly transaction volume and its potential for mainstream adoption have also been frequently mentioned. At the same time, the community expressed excitement about AVAX's infrastructure capabilities, especially its scale-out versus customizable blockchain features. The overall sentiment is skewed positive, with many users optimistic about AVAX's future. LINEA: Today's discussion around LINEA focused on a series of significant developments and events, including the burning of 1.88 billion LINEA tokens, accounting for 2.615% of the total supply, bringing the total supply down to approximately 70 billion. This move has sparked speculation that its fully diluted valuation (FDV) could reach $5 billion. Additionally, the upcoming Token Generation Event (TGE) on September 10 and the Ignition program, which aims to boost the TVL of platforms like Aave and Etherex, are also at the center of discussion. Sharplink Gaming plans to strategically deploy a $3.6 billion ETH treasury on LINEA to enhance its infrastructure control. Together, these events have driven LINEA's exposure and popularity. DOGE: DOGE has recently sparked buzz due to the anticipation of its first Dogecoin ETF, with the Rex-Osprey DOGE ETF (ticker DOJE) poised for its imminent launch, potentially bringing significant investment to Dogecoin. This development has sparked the market's imagination for altcoin season, with many speculating that DOGE could potentially surpass $1. Additionally, Elon Musk's preference for Dogecoin and its association with DOGE's ancient monetary system have added to the buzz. DOGE, which could lead a new round of altcoin market along with other mainstream cryptocurrencies, is also a focus of discussion. Featured articles 1. "The USDH battle begins, and everyone is greedy for the concept of stablecoin + Hyperliquid" On September 5, Hyperliuquid officially announced that it will soon open the auction of the ticker of "USDH", which is a native stablecoin serving the Hyperliuquid ecosystem, and the deadline for this proposal is September 10 at 10:00UTC, and so far there have been Paxos, Ethena, Frax, Several institutions, including Agora and Native Markets, have submitted proposals vying to become the issuer of USDH, the native stablecoin on the Hyperliquid chain. 2. "Whether the interest rate cut in September was priced in, and how the subsequent market will go|Trader's Observation" On September 5, the U.S. Department of Labor's August nonfarm payrolls data again disappointed the market – only 22,000 new jobs were added, well below the estimate of 75,000. So far, the non-farm payrolls have been weak for four consecutive months, and August also pulled the average number of new jobs over the past four months down to just 27,000. Weak data directly drives market repricing of the Fed's policy path: expectations for consecutive rate cuts in September, October and December have risen across the board, with the probability of a Fed rate cut soaring to 100% from 86.4% before the announcement, with 90% betting on 25 basis points and 10% betting even 50 basis points, according to CME data. However, favorable policy expectations have not boosted risk appetite, and the US stock market has fallen slightly, indicating that traders are more worried about the risk of recession brought about by the slowdown in economic momentum, and the "good news of interest rate cuts" is being overshadowed by "recession trades". Next, BlockBeats has compiled traders' views on the upcoming market situation and provided some directional references for everyone's trading this week. On-chain data On-chain capital flows for the week of September 8