crypto market panorama BTC (0.30% | Current Price 110,828 USDT): Recently, the BTC price has been fluctuating around 110,000 USD. Structurally, BTC formed a wave of upward movement from July to early August, peaking at 124,497 USD, then encountering resistance and falling back, reaching a low of 98,200 USD, maintaining overall fluctuations in the range of 98,000–124,000 USD. Currently, the price is consolidating in the middle of the range, with trading volume gradually decreasing, indicating that the market has entered a wait-and-see period. On September 5, the net outflow of BTC ETF reached 160 million USD in a single day, with BlackRock's IBIT experiencing an outflow of 63.2 million USD. ETH (0.01% | Current price 4,297 USDT): Recently, the ETH price has been around 4,300 dollars.

The Ethereum Layer 2 protocol Kinto announced that it will officially shut down on September 30. Previously, the platform suffered a smart contracts vulnerability attack in July, resulting in a loss of over $1.6 million in liquidity assets. Although it attempted to raise funds for a restart through the "Phoenix Project," it ultimately chose an orderly exit due to debt pressure and failed financing.