MarsbitNews

Mars Finance news, September 3: Market news: The Bank of Japan is reportedly inclined to raise interest rates by 25 basis points and plans to adopt flexible policy measures going forward.

Mars Finance reports that Zcash has activated the NU7 network upgrade on its testnet, putting the planned protocol changes into real-world testing, approximately one month before its targeted mainnet launch. According to data from ZecBlock, a Zcash testnet block explorer, the block at NU7’s scheduled activation height of 4,465,026 was mined on October 4 at 18:21:45 UTC. Zcash subsequently confirmed on X that NU7 is running on the testnet. NU7 is Zcash’s next network upgrade, which will shorten the network’s target block interval from 75 seconds to 25 seconds. The upgrade will also disable version 4 transactions and introduce a network sustainability mechanism that will redirect a portion of transaction fees to future block rewards. Disabling version 4 transactions also means that if users do not transfer their funds before NU7 is fully activated, funds stored in Z

According to CoinGecko, ETH gained 70% in Q3, outperforming BTC’s 42%. However, liquidity narrowed significantly: from 7/6-9/30, ETH’s average daily depth was 35%-45% of BTC’s, down from last year. Within a 0.15% range, ETH’s depth was approximately $13 million-$14 million, while depth on both sides of the order book at most exchanges remained above $1 million. SOL and XRP also saw declining depth. SOL’s depth within a 2% range was approximately $20 million, while XRP’s total depth was approximately $30 million, but buy orders outnumbered sell orders. XRP’s depth within a 2% range was lower than SOL’s because SOL’s daily trading volume remained approximately 25% higher than XRP’s.

Drift Foundation has proposed a compensation plan for the hack: users will receive 1 DFX for every 1 USDT lost, with the redemption amount determined by the recovery pool balance, which currently covers approximately 1% of total claims. Tether has committed to providing up to 127.5 million USDT for the protocol relaunch and compensation, with the funds tied to Velocity’s net revenue rather than provided as a one-time payment. Claims must be submitted by 2028-01-01. Users may hold DFX or trade it on secondary markets such as Raydium. The official link is dfx.drift.trade.

Mars Finance reports that, according to Arkham monitoring, whale 0x80e previously purchased 1.945 million ONDO tokens at approximately $0.263 each. After holding them for five months, the value of its ONDO holdings has increased significantly and is now approximately $1 million. Data shows that these ONDO tokens remain in the trader’s wallet and have not yet been transferred or sold.

Mars Finance reports that the Ethereum Foundation and Open Anonymity Project have launched zkAPI, allowing users to pre-fund ETH/USDC and authorize payments through zero-knowledge proofs and one-time API keys, separating billing identities from requests. After verification, the server issues short-lived keys with spending limits. AI service providers can see the prompts but not the payer’s identity; however, the prompt content can still be read, and consistent IP addresses, timing, and behavioral patterns may also reveal users’ identities. The project’s code repository labels zkAPI as experimental.

Mars Finance reports that the official website of Hong Kong’s Securities and Futures Commission shows that “E Fund” has been listed as an unlicensed company, along with two related websites. The SFC said that “E Fund” falsely claimed on the relevant websites that the digital asset private fund had been approved by the SFC.

Well-known trader Doctor Profit said that his market outlook for BTC remains unchanged. He is building short positions in batches within the $86,500–$89,500 range, covering approximately 3.5%, to gradually establish a complete swing short position. If investing $10,000, he would place five orders of $2,000 each within the range; if all are filled, the average entry price would be approximately $87,887. He said the short positions use only 2x leverage, while he is retaining his spot holdings. Placing staggered orders helps avoid the error of trying to call the top. He views this range as a distribution phase and is gradually building a short position.

Mars Finance reports that Michael Saylor, founder of Bitcoin treasury company Strategy, posted on X that Bitcoin can serve different types of investors: BTC provides direct ownership, MSTR provides leveraged exposure to Bitcoin, while STRC offers yield opportunities, with its 30-day price volatility lower than that of all “Magnificent Seven” stocks. Michael Saylor added that digital capital is the foundation of digital equity and digital credit.

Mars Finance reports that, according to Arkham monitoring, a wallet suspected to belong to IOSG Ventures staked 75,000 LINK this morning, worth approximately $1.06 million. The address subsequently withdrew more than $11,000 in LINK staking rewards. Monitoring shows that the LINK tokens staked this time mainly came from another wallet address, 0x18a, rather than being purchased through a centralized or decentralized exchange.

Mars Finance reports that, according to monitoring by Onchain Lens, SMARTESTMONEY (0x082e...ca88) holds a 1.38 million HYPE long position on Hyperliquid with 5x leverage, valued at $125 million, with current unrealized profits of $71.13 million. Its entry price was $38.68, its liquidation price is $76.34, it has paid $6.3 million in funding fees, and its cumulative historical profits total $63.22 million.

According to Onchain Lens, over the past 24 hours, Hyperliquid bought and burned 112,580 HYPE at a VWAP of $90.2, worth approximately $10.15 million. The funds may have come from AQAv2 revenue and fees. Its estimated fees were $989,000 over the past 24 hours, with revenue of $9.85 million over the past 7 days and $52.06 million over the past 30 days. A cumulative 49.25 million HYPE has been burned, permanently removing approximately $4.45 billion from circulation.

Mars Finance reports that on October 5, crypto KOL Ansem posted a prediction this morning stating that major cryptocurrencies, including Bitcoin (ETH\SOL\ZEC\HYPE), will hit new highs before Christmas.

Mars Finance reported that Stablecoin Development Corporation (SDEV) shares rose from a closing price of $0.84 on September 17 to $7.48 on October 2, a gain of over 700% in 15 days, including a single-day increase of approximately 104% on October 2. An S-3/A filing showed that as of September 13, it held approximately 2.315 billion SKY tokens, accounting for about 10% of the total supply.

According to Mars Finance, Schneider Electric is nearing a roughly $20 billion acquisition of U.S. engineering software maker PTC, which could become the largest acquisition in its history. People familiar with the matter said the two sides may announce the deal on Monday, but negotiations are still ongoing and a final agreement remains uncertain. The move would enhance Schneider’s software capabilities, helping manufacturers with industrial design and engineering specifications. PTC has a market capitalization of approximately $15.5 billion, and the transaction would represent a significant premium to its valuation.