HYPE surges past $88, hitting a new all-time high.

Per DefiLlama data, Pons and Fomo generated approximately $1.85 million and $1.77 million in revenue over the past 24 hours, respectively, both surpassing Hyperliquid’s roughly $866,500. Currently, Pons ranks 5th and Fomo 6th on the crypto protocol revenue leaderboard, while Hyperliquid holds the 9th position.

According to TradingBeats monitoring, as HYPE breaks above $88, the largest HYPE long address on Hyperliquid—0x082e...ca88—currently holds approximately 1.38 million HYPE long positions, with a position value of around $122 million, an average entry price of $38.68, and an unrealized profit of roughly $68.62 million, using 5x full leverage. The address opened a HYPE long position worth about $40 million with 5x leverage roughly 5 hours before Robinhood announced the listing of HYPE spot on October 23, 2025. Due to the extremely precise timing of its heavy entry, the community suspected it had access to non-public information, earning it the nickname "HYPE Listing Insider Whale". Between December 5 and 6 of the same year, the address added approximately 93,500 HYPE to its position in the $31-$32 range, eventually growing its holdings to around 1.38 million HYPE, and has held the contract positions ever since. The address has so far paid $5.42 million in funding fees for its long positions.

According to TradingBeats monitoring, the address linked to "Big Brother Ma Ji" currently holds approximately $146 million in BTC and ETH long positions, with a combined unrealized profit of around $2.56 million. The account has a net asset value of roughly $9.139 million and an overall leverage ratio of about 15.95x. Its ETH holdings consist of 25x fully leveraged long positions totaling 39,325 coins, valued at approximately $98.39 million, with an average entry price of $2,444.83, current unrealized profit of around $2.25 million, and a liquidation price of $2,331.21. Its BTC holdings are 40x fully leveraged long positions totaling 593 coins, valued at roughly $47.39 million, with an average entry price of $79,384.2, current unrealized profit of about $310,000, and a liquidation price of $68,731.5.

Crypto analyst Ali Charts said in a post that Ethereum has been consolidating in the $2,370 to $2,530 range since August 26, building momentum for the next market move. He noted that a close outside this range on the hourly candlestick is required to confirm the breakout direction, though the current market structure leans bullish. If ETH breaks above $2,530 convincingly, it could trigger a rally toward $2,700.

Beating AI News Brief: Under the guidance of the Criminal Investigation Bureau of China’s Ministry of Public Security, the "National Anti-Fraud AI" App developed by the Shanghai Municipal Public Security Bureau has officially launched. Users input suspicious situations they encounter, and the app will assess fraud risks, identify fraud patterns, then provide prevention advice and relevant cases. Authorities noted that the app leverages large language models, multimodal models, and agent technologies, but did not disclose the specific underlying base model. It is essentially an upgraded version of the "803 Anti-Fraud Agent". The Shanghai Anti-Fraud Center rolled out the "803 Anti-Fraud" service at the end of 2025, making it available nationwide, with core functions including intelligent Q&A, anti-fraud information, and an anti-fraud dictionary.

Affected by the US Labor Day holiday, stock markets in the United States and Canada will be closed for one day on Monday, September 7. Trading of precious metals and US crude oil futures contracts under the Chicago Mercantile Exchange (CME) will end early at 02:30 Beijing Time on September 8, while trading of its stock index futures contracts will conclude early at 01:00 Beijing Time. Trading of Brent crude oil futures contracts under Intercontinental Exchange (ICE) will end early at 01:30 Beijing Time on September 8.