Chinese community daily briefing ===== Release date: 2025-09-09 Overall market sentiment ===== The group shows a cautious bearish attitude towards major cryptocurrencies, generally believing that ETH is likely to break below after consolidating near previous lows, and BTC's inability to break through 113 indicates weakness. Traders expect the market to remain flat and volatile before September 17, while noting ETH's poor performance, which neither outperforms altcoins nor rises against Bitcoin. Hot topics ===== • The rapid expansion of the USDe ecosystem is receiving high attention, with Binance set to support USDe trading pairs, driving ENA up, and a 7% annual yield is more attractive compared to USDC's 4%. • The group is deeply discussing the risks of the ENA protocol, mainly concerned that its delta-neutral strategy completely relies on CEX, which poses a single point of failure risk and lacks transparency. • Hype exchange is gaining attention due to its on-chain transparent order-following feature and the upcoming USDH stablecoin, which is expected to become the third-largest stablecoin and challenge USDC's position.