DeFi Frenzy: Jobs Data, Yield Hunts, and Crypto Chaos! 🚀💰

Crypto Chaos Ensues!

What to know: 🕵️‍♂️

By Omkar Godbole (all times ET unless stated otherwise)

DeFi coins are stealing the show 🎭 as Bitcoin and Ether (ETH) take a backseat, waiting for Tuesday’s jobs data revisions from the Bureau of Labor Statistics. Will it be a weak job market? 🥴 More Fed rate cuts? 🚀 And what does this mean for BTC? Well, BTC might be the king 👑, but it doesn’t yield anything! 😱 Enter DeFi, the knight in shining armor 🛡️, offering returns on idle coins through lending and borrowing protocols. Arthur Hayes, founder of Maelstrom, puts it hilariously: “DeFi will get some of this cash searching for yield.” 💸 He points to Ethena’s sUSDe token, boasting a solid 7% yield, as the belle of the ball. 🌟

So, keep an eye on DeFi, which is already flexing its muscles. 💪 The CoinDesk DeFi Select Index (DFX) jumped 3% in the past 24 hours, outshining other crypto subsectors. Decentralized exchange tokens are the real stars here, with HYPE surging 9% and MYX Finance’s MYX token exploding with a mind-boggling 260% gain in just one day! 🚀🤑

But wait, there’s a catch! 🪝 If rate cuts come with worsening economic conditions, investors might stick to their safe, liquid money market investments. So, keep an eye on the U.S. producer price index and consumer price index this week. And don’t forget the political drama in Europe and Japan, which could shake things up! 🌍🤯

Token Events 🎟️

Governance votes & calls:
- Uniswap DAO is voting on a fancy new Unichain-USDS Growth Plan. 📈 Voting ends Sept. 9.
- Goldfinch DAO is voting on a $400,000 budget and some extra GFI. 💼 Voting ends Sept. 10.
- Compound DAO wants to scale up its COMP yield strategy to $9 million. 💰 Voting ends Sept. 11.
- Hyperliquid is deciding who gets to issue its USDH stablecoin. 🏦 Voting ends Sept. 14.
Unlocks:
- Sept. 9: Sonic (S) unlocks 5.02% of its supply. 🎮
- Sept. 11: Aptos unlocks 2.2% of its supply. 🌱
- Sept. 15: Starknet and Sei unlock some supply. 🦾
- Sept. 16: Arbitrum unlocks 2.03% of its supply. 🚀
Token Launches:
- Sept. 9: Avantis (AVNT) hits the exchanges. 🚀
- Sept. 10: Linea (LINEA) joins the party. 🎉

Conferences 🎤

The CoinDesk Policy & Regulation Conference is happening in Washington on Sept. 10. Use code CDB15 for 15% off! 🎟️

Future Proof Festival (Huntington Beach, California)
Fintech Week London 2025
WOW Summit Hong Kong 2025
Boston Blockchain Week (Quincy, Massachusetts)
CoinDesk Policy & Regulation Conference (New York)
Future of Finance (New York)
Independent Investor Summit (New York)
ETHTokyo 2025

Token Talk 💬

By Oliver Knight

Worldcoin is on fire! 🔥 Up 51% in 24 hours and 122% over the past week. Thanks to Eightco Holdings’ $250 million private placement.
WLD trading volume hit $3.7 billion in 24 hours! 🚀
Technical analysis says WLD might drop to $1.62 before hitting $2.00 again. 📉📈