Bitwise CIO Matt Hougan stated on the Paul Barron Network podcast that the market is entering the DeFi Summer 2.0 phase, and DeFi has become more mature after multiple bear markets. With clear regulation, institutional adoption, and new users brought by Robinhood chains, DeFi usage may experience explosive growth.

According to GMGN market data, CASHCAT fell more than 18% in 24 hours, with a market value of $236 million and a 24-hour trading volume of $50.2 million. Robinhood chain experienced a brief outage.

According to Onchain Lens monitoring, Wintermute (0xecc... 2b00) holds $99.82 million in short positions and $5.12 million in long positions on Hyperliquid, while Galaxy Digital (0xcac... 26b3) holds $26.41 million in short positions and $6.21 million in long positions, totaling $1262.3 million in short positions and $11.33 million in long positions. Wintermute has incurred a loss of $15.3 million and Galaxy Digital has incurred a loss of $5.96 million over the past 30 days.

Ondo Finance announced that it will stop minting USDY on Aptos and Noble networks from September 8th, and other networks will not be affected. Due to the USDY on Osmosis and Mantra being bridged from Noble through IBC, the relevant holders are affected. USDY maintains sufficient reserve support, and users holding 1000 USDY or more can bridge to other networks or redeem at net value on Ondo, with a redemption window until September 8, 2027.

According to Onchain Lens monitoring, Morgan Stanley's MSBT Bitcoin ETF extracted 94.56 bitcoins worth approximately $7.54 million from Coinbase Prime; In the past 4 days, the ETF has cumulatively increased its holdings of 355.33 bitcoins, valued at approximately 28.3 million US dollars.