pear

The trading platform Pear announced that the token PEAR will open the migration portal on October 12, allowing users to exchange PEAR on Arbitrum for new tokens on HyperEVM at a 1:1 ratio within the Pear app. The migration is a one-way operation; once completed, the old tokens will be locked and cannot be transferred back to Arbitrum. Users need to prepare a small amount of ETH on Arbitrum to pay for Gas and cross-chain fees. After migration, the tokens can be transferred between HyperEVM and Hyperliquid spot, with liquidity subsequently launched in both locations.Pear stated that users holding stPEAR do not need to take any action, as staking will be automatically rebuilt on HyperEVM; holders still in the vesting period can claim and migrate their tokens after they are unlocked. The portal will remain open until September 28, 2027, with a buffer period. Currently, the PEAR listed on Hyperliquid spot is unrelated to the official platform; users can only migrate through the official Pear website and should only trust the contract addresses published through official channels.PEAR will begin trading on September 27, 2024. Pear claims that the platform has expanded from a paired trading terminal to institutional trading desks, AI trading agents, and vaults, with a cumulative trading volume exceeding $2 billion and cumulative fees of $1.3 million. In January of this year, token holders passed PIP-3 with over 99% support, stipulating that 70% of Pear's total revenue will be used for repurchasing and burning PEAR and supporting liquidity, while 30% will go to the team.

HIP-3 Market Deployers Entropy spent 500 HYPE (approximately $45,000) to acquire the code Pearl (PRL), and Entropy is about to launch its perpetual contract.Pearl (PRL) is an independent public chain set to launch in April 2026, positioning itself as the "AI version of Bitcoin." Miners use GPUs for large model matrix calculations, producing verifiable AI computations while generating blocks, with a total supply of approximately 2.1 billion coins.

According to a report by TASS, Bogdan Shablya, head of the financial monitoring and foreign exchange regulation department of the Central Bank of Russia, stated that the Central Bank of Russia expects that after the implementation of laws related to digital currencies, the issue of illegal cryptocurrency exchanges will be resolved, and the related "gray area" should disappear before July 1, 2027.After that, the market will be clearly divided into "white" and "black" parts, with corresponding penalties implemented.

Cryptocurrency analyst tedpillows stated: Bitcoin looks set to ultimately close above the 50-week moving average.He mentioned that Bitcoin only needs to break through $83,000 to confirm that the bottom has been reached.

Investor Mike Vernal stated on X that the software industry may repeat the barbell phenomenon seen in the newspaper industry of the 1990s. After the internet brought distribution costs to zero, The New York Times' subscriptions increased from a print circulation of 1.113 million in 2002 to about 13.4 million, while the Los Angeles Times, Chicago Tribune, and Dallas Morning News saw declines of 73% to 91%, with the middle tier disappearing.Vernal believes that AI is driving the costs of copying, migrating, and integrating software close to zero, eroding traditional moats, and reducing the importance of switching costs and network effects, while economies of scale and branding are rising. In the future, each procurement center for enterprise software will have one AI-native system, small and medium-sized enterprises will lean towards integrated systems, and medium-sized point solutions may be consolidated or disappear. He suggests that venture capital-supported software companies "go all in," with the moat being the extreme replication cost of building massive software daily and reinvesting. At the same time, a large number of small software solutions may emerge, similar to the Shopify ecosystem of the D2C era.

The central banks of the United States, Japan, and the United Kingdom will announce their monetary policy decisions this week, with the market focusing on whether the Federal Reserve will initiate its first interest rate hike in three years.Iran and Gulf countries are negotiating shipping management in the Strait of Hormuz to address high crude oil prices.

According to CoinDesk, Bitcoin formed a golden cross earlier this week (the 50-day moving average crossing above the 200-day moving average), but subsequently did not experience a sustained increase, instead retreating from around $80,000 to about $77,000. It is noteworthy that most of the recent rise occurred before the golden cross—Bitcoin had previously risen from $62,000 to $82,000.The article points out that similar situations have historically repeated multiple times: after the golden cross in 2021, BTC fell from $52,000 to $40,000; after the golden cross in February 2023, it retreated from $23,000 to $20,000; after the golden cross in October 2024, it slid from $70,000 to $67,000; and after the golden cross in May 2025, it corrected from $110,000 to $100,000. Analysts believe that while the golden cross is seen as a long-term bullish signal, it may essentially be a lagging indicator, as a significant portion of the gains often have already been realized by the time the signal appears.

According to GoPlus alerts, the meme coin LAPTOP issued by Hunter Biden, son of Biden, is about to launch an airdrop. A large number of phishing websites for fake LAPTOP airdrop whitelists, eligibility checks, and claims have appeared on Twitter, and there are also lookalike versions on multiple chains, with risks such as unverified contracts, high taxes, and trading suspensions.GoPlus reminds users to refer to the official website and Twitter for accurate information, to be cautious when participating in lookalike trading, and to use Token security checks to confirm contract safety. Remember the four principles: do not click, do not install, do not sign, do not transfer.

Global digital asset trading platform Websea will appear as a gold sponsor at TOKEN2049 Singapore 2026. This conference will be held in October at Marina Bay Sands in Singapore. Websea will focus on showcasing its latest explorations in the field of digital derivatives trading and innovative financial products.Public information shows that in the three years since its establishment, Websea has surpassed 1.5 million registered users globally, with a recent daily trading volume reaching 5 billion USD, and has built a comprehensive business system covering areas such as digital asset trading, risk management, and traditional financial asset trading.

Ripple has reached a multi-year marketing partnership with the University of Florida, and the XRP logo will appear at Ben Hill Griffin Stadium, on digital platforms, and on Gainesville event branding starting this football season. The University of Florida Athletic Department officially announced the news on Friday.In addition to brand exposure, Ripple has also committed to providing financial and technological education support for University of Florida student-athletes and the broader campus community, covering both traditional finance and digital assets. University of Florida Athletic Director Scott Stricklin stated that Florida has a long history of embracing innovation and technology, and Ripple has become an innovative leader in the fintech space, looking forward to XRP joining Gator Nation.This is Ripple's latest foray into college sports marketing, having previously signed a multi-year agreement with the University of Kansas earlier this year to feature the XRP logo on Jayhawks basketball team jerseys. At the time of the announcement, the price of XRP was approximately $1.41, up 0.6% in 24 hours, and up about 34.9% over the past 30 days, but still down about 49.8% over the past year. Additionally, demand for spot XRP ETFs has recently cooled, with fund flows remaining flat on September 4, with a cumulative net inflow still around $1.6 billion.

Bitcoin has reappeared with a "kimchi premium" in the South Korean market. The price of Bitcoin in Korean won on South Korea's largest cryptocurrency exchange, Upbit, is about 1% higher than the price in US dollars on Binance. This premium has persisted for a week, marking the longest duration since early May.At the beginning of September, Bitcoin's price was around $79,000, having briefly surpassed $80,000 in August. The net inflow into US spot Bitcoin ETFs was approximately $1.92 billion in the week of August 17, setting a new weekly high for the past 10 months; by the end of August, another $923 million flowed in.Data from Upbit shows that for most of this summer, Bitcoin was trading at a discount in the South Korean market compared to international prices, with the discount reaching 3.1% in early June and an average discount of 0.25% in August. 10x Research indicates that while the Korean premium has turned positive, spot trading volume has not increased in tandem.

Stablecoin issuer Circle has reached a sponsorship agreement with Premier League giant Chelsea, becoming its chief partner and official shirt front sponsor. According to news released on Friday, Circle and the USDC brand logo will appear on the jerseys of Chelsea's men's, women's, and youth teams starting from the 2026/27 season. Circle stated that stablecoins are moving from early adoption to mainstream, bringing USDC to one of the largest global stages in sports, reflecting the scale and ambition of this opportunity.Circle CEO Jeremy Allaire stated that USDC is built on the idea that "currency should operate seamlessly for everyone around the world, just like the internet," and the partnership with Chelsea connects a global sports community based on the same borderless vision. Chelsea chairman Jason Gannon noted that this collaboration places Chelsea at the forefront of the digital evolution in football. The specific amount and duration of the agreement have not been disclosed.This collaboration comes as the crypto industry rebuilds its sports sponsorship landscape following a market downturn in 2022. Previously, Crypto.com secured a 20-year naming rights deal for the former Staples Center for $700 million, and OKX had also partnered with Manchester City. In June of this year, the UK's Financial Conduct Authority warned Premier League and other football clubs to be cautious of sponsorship agreements with unauthorized crypto companies, while Circle holds an electronic money institution license from the UK FCA. Chelsea will debut the jerseys featuring the Circle and USDC logos in their home match against Brighton on Sunday.

According to a report by the Financial Associated Press, sources reveal that Apple is accelerating preparations to launch the next-generation Mac mini desktop computer, marking the first significant update for this product in nearly two years. The relevant insiders stated that this brand new desktop is expected to officially debut in the coming days, with the release likely occurring before the iPhone new product launch event in September.This updated Mac mini is part of Apple's new product lineup for the second half of this year, which will also include new Apple Watch, AirPods, and a smart home device with a screen that can recognize users through facial recognition.

According to X user MaxForAI, Tencent has begun gray testing its brand new flagship model, Hunyuan Hy4. Some users have discovered that the model selection list in the Tencent Yuanbao App now includes Hy4, labeled as an expert-level model, ranking above Hy3 and DeepSeek. The official account @TencentHunyuan also shows this model option at the relevant entry.Last week, Tencent confirmed in its Q2 financial report that the larger parameter-scale Hy4 will be launched soon, further enhancing model performance and multimodal capabilities. Currently, Tencent has not officially released Hy4, and the outside world cannot confirm whether this is a small-scale gray test or an early opening of the entry, but based on the progress, the model's launch seems imminent.

Chainalysis Government Solutions has sued the U.S. government in the U.S. Court of Federal Claims over an exclusive contract. Chainalysis claims that the Department of Homeland Security/Immigration and Customs Enforcement (DHS/ICE) bypassed the normal competitive process and directly awarded the work to TRM Labs. They are requesting the court to stop this action.TRM Labs has joined the lawsuit as an intervenor, defending the award of the contract, with oral arguments scheduled for September 2. The U.S. Court of Federal Claims is responsible for hearing nationwide claims against the U.S. government, typically involving contract disputes and bid protests. Both Chainalysis and TRM Labs sell blockchain analysis tools for government agencies to track cryptocurrency transactions, and they are now competing for government business in court.

Glassnode published a market perspective stating that Bitcoin is currently caught between the median realized price (around $63,000) and the cost basis of short-term holders (around $68,700). Spot trading volume has hit its lowest level since 2019, and the market is in an extremely quiet compression state. Despite core inflation falling to 2.5% in July and the stock market reaching new highs, Bitcoin has shown almost no reaction and even weakened, indicating a clear lack of demand.On the other hand, selling pressure is easing: profit supply is approaching the past bear market bottom area, the seller exhaustion indicator has hit a cycle low, and the adjusted SOPR has been rejected near the breakeven line nine times. Meanwhile, buyers continue to be absent, with minimal net inflows into ETFs, and coins are still flowing into exchanges; however, derivatives leverage has already massively gone long, with open interest relative to trading volume being high, and the order book's buy side is also thinning. Glassnode believes that the key observation points are the upper level of $68,700 and the lower level of about $58,500: effectively standing above the former with accompanying volume and ETF inflows recovering may confirm improvement, while losing the latter could easily lead to accelerated declines under thin buy support and crowded longs. Glassnode remains cautious overall, believing this is the late-stage bear market compression phase, and real demand signals have yet to appear.

Renowned trader Doctor Profit posted that a historical indicator for Bitcoin is signaling that "the bottom has either formed or is very close." In 2015, 2019, and 2022, the bear market bottom formation phase began when the realized price of holders for 3 to 6 months fell below the realized price of holders for 1 to 2 years. He believes this indicates that newer buyers are capitulating and selling at a loss, with Bitcoin gradually transferring to longer-term holders.Currently, this crossover is appearing for the fourth time, while the BTC price is below the average cost of both categories of holders. However, historically, this signal does not immediately lead to a reversal; Bitcoin typically experiences several months of sideways movement to complete the bottoming process, so this phase can also be seen as a long-term accumulation range. He believes we are currently in the bottom formation and long-term accumulation phase of the bear market. Doctor Profit stated that over the past few weeks, he has been gradually buying BTC in batches within the range of $54,000 to $64,000, continuing to build his position incrementally with 5% of his portfolio each time.

Binance New Zealand recently issued a security warning, reminding local users to be aware of the frequent SMS phishing scams that have emerged recently. Scammers impersonate Binance officials, using the lure of free cryptocurrency or event tickets, and falsely claim in the messages that their activities have been approved by the New Zealand Financial Markets Authority (FMA).Binance advises users not to click on any links in such messages and not to connect their wallets to suspicious platforms. Users can verify the authenticity of relevant contact information and websites through Binance's official verification tool "Binance Verify" to prevent asset loss.

According to Com Feed monitoring, a fake Wasabi Wallet application has appeared on the Apple App Store, resulting in a user losing approximately 6 bitcoins.This is the 27th fake wallet application listed in the Apple Store this year. ChainCatcher reminds readers to be cautious in distinguishing the Wasabi Wallet application.