Bitcoin Drops Below $108,000

On September 1st, based on GMGN market data, the token launchpad America.Fun (AOL) in the Solana ecosystem witnessed a short-term plunge of more than 50%, with a current market value of 11.83 million US dollars. Before this, the community believed that the platform was a partner of USD1 in the Solana ecosystem. However, AOL did not appear in the latest WLFI announcement.

On September 1st, based on the latest official figures, the reference annualized yield of Gate's 304th Launchpool GUSD Staking Pool is 8.63%. Users can engage in yield generation by staking GUSD. GUSD is a digital asset backed by real-world assets (RWA) such as U.S. Treasury bonds, offering users a lower-risk and more stable return asset allocation option. Gate has fully enabled trading, deposits, withdrawals, and related financial functions, enabling users to mint GUSD at a 1:1 ratio with USDT or USDC. The current total minted GUSD is 12.435 million, with a reference annualized yield of 4.4%.

On September 1st, as per the monitoring of Onchain Lens, the leading profit taker on WLFI liquidated his 3x leveraged long position, reaping a profit of $915,000. Additionally, he opened a TRUMP long position with an 8x leverage.

On September 1st, the Bonk team announced that Freya will become the USD1 trading pair ICM (Internet Capital Market) protocol within the Bonk ecosystem, with the support of Bonk and Solana ecosystem core contributors. The day before, founder Natsuki attended the Japan Solana ecosystem conference SuperTokyo and initially revealed the evolution from a single ICM flywheel to the ICM protocol Freya Protocol. It also received support from ecosystem core contributors such as Jupiter, Bonk, Jito, Backpack, Metaplex, Superteam, and the Solana Foundation.

On September 1st, according to official information, Bithumb is going to list the WLFI/KRW trading pair, and the start time of trading will be determined.

On September 1st, which is this Friday, the US will release the August seasonally adjusted non-farm payroll report. A survey of top economists by The Wall Street Journal indicates that the expected job creation for last month is merely 75,000, and the unemployment rate may rise from 4.2% to 4.3%, reaching a nearly four-year high. Bill Adams, the Chief Economist at U.S. Bank, stated that for the financial markets, the most favorable situation is for the upcoming employment report to show moderate job growth and a slight increase in the unemployment rate. This would suggest that the economy is not in a recession but also demonstrate sufficient labor market softness to justify the Fed's rate cut. On the contrary, the most unfavorable situation is if the employment report shows a decrease in the number of jobs, a drop in the labor force participation rate, and a decline in the unemployment rate. This would mean a reduction in labor supply while labor demand is also weakening, presenting