News

ChainCatcher news, according to a report by BeInCrypto citing Mempool/Hashrate Index data, on September 7 (UTC), Bitcoin completed a difficulty adjustment at block 913,248, rising to approximately 136.0T, up 4% from the previous value, marking the fifth consecutive increase since June. During the same period, the miner Hashprice indicator dropped to around $51 (a recent low), with the August average at $56.44, down about 5% month-on-month; transaction fee contributions remained weak, with the average fee per block at about 0.025 BTC. Multiple factors have combined to tighten miners' profit margins, and future profitability will depend on a rebound in BTC price or on-chain fee rates.

Jinse Finance reported that Ethena Labs, the issuer of USDe, the third largest US dollar stablecoin, has hinted at joining the competition for the issuance rights of USDH, the stablecoin under Hyperliquid. Ethena Labs posted this morning, stating, "Dear Jeff (Hyperliquid co-founder), I wrote to you, but you still haven't called back. I submitted two USDH proposals last fall, which you definitely didn't receive. Maybe there was an issue with Discord or something else—sometimes when I write deployment addresses, my handwriting is too messy." On September 5, it was announced that Hyperliquid will release the USDH token symbol for stablecoin issuance, requiring institutions to submit proposals by September 10 (Wednesday), with voting to take place on September 14 (Sunday).