Arthur Hayes Long on ENA, Price Could Surge Beyond $1.50

On September 9th, based on Coinglass data, if Ethereum manages to break through $4500, the cumulative short liquidation intensity on mainstream CEXs will reach $1.485 billion. Conversely, if Ethereum drops below $4200, the cumulative long liquidation intensity on mainstream CEXs will reach $2.216 billion. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows the extent to which reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.

On September 9th, David Kelly, the Chief Global Strategist of JPMorgan Asset Management, cautioned that a rate cut by the Federal Reserve might have a counterproductive effect and fail to genuinely improve the economic outlook. He indicated that the rate cut would lead to a reduction in retirement income, suppress corporate borrowing, and intensify the "uncertainty tax," potentially resulting in more significant economic pressure. This perspective is in sharp contrast to the widespread market expectation that a rate cut would stimulate growth. On the macro market front, although the CME FedWatch Tool indicates a 100% probability of a 25-basis-point rate cut in September, experts have warned that the rate cut may not necessarily reverse the weakness observed in job data and the slowdown in corporate investment. U.S. bond yields have edged lower, the dollar has remained within a certain range, and safe-haven demand has supported a rise in gold prices. The market is currently in a state

On September 9th, based on HTX market data, Bitcoin dropped below $113,000, and the 24-hour growth rate narrowed to 0.98%.

On September 9th, from Smart Money, and the crypto KOL 0xsun.sol (@0xSunNFT), a post was published stating, "As was previously mentioned, at the end of August, it was noticed that the leadership influence of ETH was on the wane. In the medium to long term, I still hold confidence in ETH, but recently it seems to be lacking a certain amount of momentum. After some thought, I gradually shifted 30% of my ETH long position to several altcoins. All of these altcoins are ones that I believe have a very good fundamental and are in line with the current mainstream narrative to enrich the bullish portfolio. The ones I selected are XPL, Hype, ENA, Eigen, Bonk, and Ondo. I am still observing them. During the past two months of this ETH-led uptrend, it can be seen that many strong coins are ETH-related altcoins, which is very logical. ETH-related altcoins can be divided into several categories, mainly L2-related, DeFi-related, and Restaking-related. The high-quality targets of the first two catego

September 9th: The Hong Kong-listed company China Sansan Media Group stated in its 2025 mid-year report that the group possesses a Hong Kong Monetary Authority payment license and will continuously expand its payment and prepaid card business. Meanwhile, it intends to apply for more financial licenses. The company considers stablecoins to be an important strategic opportunity to enter the cryptocurrency field and is currently actively seeking relevant business opportunities to promote long-term sustainable development. Currently, the company's stock price has a daily increase of 1.63%.

September 9th. The Hong Kong-listed company Quantum Apex Holdings announced that its shareholders have bundled their holdings with Baijiu Original Asset as the underlying asset of RWA and launched related products on the decentralized RWA issuance management platform ADG deployed on BSC. The total issuance size of the project is 500 million Hong Kong dollars, and the initial issuance size is 100 million Hong Kong dollars. Currently, the company's stock price has surged by 6.74% in a single day.