Hotcoin will list LINEA spot and perpetual contract trading, and launch a Triple Gift Limited Time Event
September 10th. As per an official announcement, Hotcoin has declared that it will commence LINEA/USDT spot trading on September 10th, 2025, at 23:05 (UTC+8). Simultaneously, LINEA/USDT perpetual contract trading will be launched, with high leverage supported.
Hotcoin will also launch the LINEA Triple Benefits Limited Time Promotion—recharging, trading, and contracts will all directly receive $LINEA airdropped into the account, with a total prize pool exceeding $50,000.
Event Time: From 10:00 PM on September 9th, 2025, to 10:00 PM on September 16th, 2025 (UTC+8).
During the event, recharging LINEA, conducting spot trading of 100 USDT, and having a contract trading volume of 3,000 USDT. Completion of any of the above tasks will entitle you to a share of 50,000 USDT and 120,000 LINEA.
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Hyperliquid: The deadline for submitting proposals for the USDH auction is today at 6:00 PM, and validator voting will start at 6:00 PM on the 14th.
On September 10th, the Hyperliquid team made an announcement. Teams participating in the USDH auction are required to submit a proposal before 10:00 UTC on September 10th. Validators will publicly vote on the proposals before 10:00 UTC on September 11th. Users can delegate their stake to a validator that aligns with their own intentions before the validator voting begins at 10:00 UTC on September 14th. The voting weight is calculated based on the staked amount, and the foundation will abstain in a substantial manner.
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Yesterday, Ethereum Spot ETF saw a net inflow of $44.2 million, while Bitcoin Spot ETF saw a net inflow of $23 million.
September 10th. As per Farside Investors, yesterday Ethereum spot ETF witnessed a net inflow of $44.2 million, bringing to an end the preceding sequence of 6 consecutive days of net outflows. The entire net inflow was ascribed to BlackRock's ETHA.
Bitcoin spot ETF had a net inflow of $23 million. Among them, BlackRock's IBIT saw a net inflow of $169.3 million, while FBTC experienced a net outflow of $55.8 million and ARKB had a net outflow of $72.3 million.
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Avalon Labs: Utilizes $1.88M of Monthly Protocol Revenue for AVL Buyback and Burn
September 10th, Avalon Labs has successfully completed a buyback and burn of $1.88 million AVL tokens. Since June, Avalon Labs has been depositing $1.88 million USDT into Bybit and starting the buyback process. A total of 13,955,164 AVL tokens were repurchased at an average price of approximately $0.1347. After the buyback was completed, Avalon Labs burned all the repurchased tokens.
The official announcement mentioned that the buyback funds came entirely from the protocol's monthly revenue. Combined with the 80 million AVL tokens burned in June this year, Avalon Labs has now burned tokens equivalent to 37% of the circulating supply in the recent period. This action shows Avalon Labs' long-term commitment to closely integrating protocol growth with community value.
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Klarna IPO Priced Above Expectations, Valued at $15 Billion
September 10th. As per CNBC, the Swedish online lending platform Klarna has set the price of its IPO at $40 per share, which is higher than the originally estimated range of $35 to $37 per share. This has resulted in a company valuation of approximately $15 billion. The total amount raised in this offering is $1.37 billion, with $1.17 billion going to existing shareholders and $200 million to the company. In the second quarter, Klarna reported a net loss of $53 million, which is an increase year-on-year. Meanwhile, its revenue increased by 20% year-on-year to $823 million. The company will be listed on the New York Stock Exchange under the ticker symbol "KLAR".
Previously in February, Klarna's CEO announced that Klarna and individuals will embrace cryptocurrency.
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Uniswap Labs Appoints Derek Walkush as Head of Unichain Growth
September 10th: Former Variant Investment Partner Derek Walkush declared his joining of Uniswap Labs as the Head of Unichain Growth. Walkush had previously been engaged in Variant Fund, concentrating on investments. Now, he will be dedicated to promoting the growth of on-chain activities for Unichain. Unichain, developed by the Uniswap team, lays emphasis on low fees and high transaction speeds, with Uniswap serving as the core DEX. Walkush will also participate in Uniswap Labs' VC-related projects.
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