Deribit Chief Commercial Officer: The Altcoin Index 44 is far below the key level of 75, and macroeconomic factors are still not enough to start the Altcoin season

Recently, emerging MEME coins such as RFC, House and TROLL have quickly become popular. These meme cultures, which are full of nonsense, absurdity and even black humor, have not only become a favorite speculative tool for Generation Z, but also carry the young people's rebellious emotions against the traditional financial system and social rules, reflecting an alternative financial cultural landscape with a unique imprint of the times.

PANews reported on August 28 that according to monitoring by on-chain analyst Yu Jin, after the four members of the "Roller Coaster Team" basically lost all their money, only James Wynn and "Rolling Warehouse Brother" are still playing "Ant Warehouse". James Wynn previously shared his Hyperliquid invite link several times during a period of high market interest. 691 people took his lead, earning him $114,000 in commissions. He's currently using the commission funds to open several Ant positions. For example, he currently has $10,000 in his address and has opened a 10x long position on DOGE. After being liquidated the day before yesterday, the "rolling man" used the last $60,000 in his address to continue buying ETH. After two days, his balance has now turned into $90,000.

PANews reported on August 28th that Circle has proposed issuing a US dollar stablecoin, rather than a Korean won stablecoin, to South Korea's financial sector. Circle President Heath Tarbert, during a meeting with key executives from the country's four largest financial institutions, stated that "there is no intention to collaborate on a Korean won stablecoin," and introduced Circle's US dollar stablecoin and proposed cooperation. The four major financial institutions believe that Circle's president's visit to South Korea is motivated by the need to secure Circle's token market share. However, some in the South Korean financial community have recently called for swift regulation of offshore stablecoins. The potential for domestic circulation of offshore stablecoins could disrupt the market. This explains why Tarbert's visit to South Korea is being interpreted as a ploy to persuade banks before regulatory measures are implemented.