Bitcoin briefly falls below $110,000

On September 8th, based on the information on the relevant page, the probability on Polymarket that "Trump will resign as president this year" is currently 6%.

On September 7th, according to data from DefiLlama, pump.fun has achieved a 24-hour revenue of $1.59 million. This surpasses Hyperliquid ($1.09 million) and ranks it third. Only Tether ($21.50 million) and Circle ($7.56 million) are ahead.

On September 7th, Paolo Ardoino, the CEO of Tether, stated in a post, "The vast majority of our Bitcoin is held directly: bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4". This address currently holds 77,447 BTC, with a value of $8.61 billion.

On September 7th, according to the report from Globenewswire, the Nasdaq-listed Bitcoin mining company Cipher Mining announced its unaudited production and operations update for August 2025. It was disclosed that the company mined 241 BTC in August. During the same period, it sold 42 BTC. Currently, it holds a total of 1414 BTC.

On September 7th, the ether.fi Foundation announced that "this week, it has utilized 73 ETH (approximately $314,000) of protocol revenue to purchase 264,000 ETHFI. Approximately 155,000 ETHFI have been burned and approximately 108,000 ETHFI have been distributed to sETHFI holders."

On September 7th, as per the report by Coindesk, in late August, the illiquid supply of Bitcoin (that is, the amount of Bitcoin held by entities with almost no spending history) exceeded 14.3 million BTC, reaching a new record high. Over the past 30 days, the net increase in illiquid supply has reached 20,000 BTC. Among the current circulating supply of 19.9 million BTC, approximately 72% of the total supply is in an illiquid state, held by long-term holders and cold storage investors. This growth indicates that even during the recent market volatility, there is still a continuous accumulation trend. In mid-August, Bitcoin hit a new all-time high of $124,000 and then retraced by about 15%. Despite the price pullback, the illiquid supply continues to rise, suggesting that holders have not sold off due to short-term adjustments.