Sep 7 Monday
According to Gate market data, BTC/USDT is currently trading at $78,976.5. The cryptocurrency has fallen 0.95% over the past 24 hours.
Blockchain analyst Yujing reported that Garrett Jin closed a long position of 1,331 BTC worth about $107 million, held for about 3.5 months, realizing a profit of approximately $1.02 million. His remaining short position of 39,760 ZEC, with a notional value of about $47 million, has an unrealized loss of roughly $24 million.
Antarctic Exchange, a decentralized perpetual contract exchange, has secured $7 million in funding at a valuation of $70 million. Investors include Valisa Capital Markets, Lucidity Capital, and Republic Crypto, with participation from proprietary traders entering crypto for the first time.
According to Glassnode, the privacy sector's market cap has grown from $7.1 billion to $33.6 billion in a year, with ZEC surging 2,496% to become the 7th largest cryptocurrency. Excluding ZEC, the sector is still up 85% over the past year.
Bitcoin's 90-day correlation with gold reached 0.56, the highest since 2017, while its correlation with the Nasdaq 100 fell to 0.30, a one-year low. On a 30-day basis, the correlation with gold climbed to 0.72, reinforcing the 'digital gold' narrative amid August's debasement trade.
ByteDance is developing an AI model for real-time spatial video generation, targeting applications in robotics and autonomous systems. Founder Zhang Yiming is personally overseeing the project, which may be released as early as next month, competing with Meta and Alphabet.
The Frame Transactions feature, included in the Hegotá upgrade last month, enables users to pay gas fees using other assets. Ethereum co-founder Vitalik Buterin noted that development has progressed rapidly since the upgrade.
Ethereum core developers have included EIP-8141 (Frame Transactions) in the 2027 Hegotá upgrade, marking it as scheduled for inclusion. This proposal aims to allow users to pay gas fees without holding ETH by separating transaction steps, enabling third parties to cover fees or settle in stablecoins.
Binance reported that its Wallet Security Center helped users avoid approximately $540 million in potential losses during the first half of 2026 by scanning links, transaction signatures, and unknown tokens in real time. The center filtered about 206 million spam transfers, identified 4.93 million high-risk transactions across 19 chains, and discovered 996,000 malicious authorizations, while also using AI to counter attackers' AI-generated malicious code and phishing sites.
Malone Lam, a 22-year-old Singaporean, is scheduled for a plea hearing on Tuesday for his alleged involvement in a 2024 social-engineering scheme that stole over $240 million in Bitcoin. Prosecutors say he spent over $569,000 in one night at a Los Angeles nightclub, and if he pleads guilty, he would be the 11th defendant to do so among 18 charged.
A trader used 50x leverage on Aster DEX to go long on BNB and ASTER, earning returns of 386.51% and 589.60% respectively. The positions were valued at approximately $171,600 and $217,600, with profits of around $13,000 and $25,600.
According to Hyperbot data, the whale known as Loracle has increased its 3x leveraged short position on PONS to 25,747,236 tokens, valued at approximately $21.078 million. The move indicates continued bearish sentiment on the cryptocurrency.
Binance Wallet has launched a feature allowing users to pay network fees for TRC-20 USDT transfers directly in USDT, eliminating the need to hold TRX for gas. This update lowers the barrier for stablecoin interactions on the TRON network and provides a smoother, more cost-effective experience for frequent transfer users.
Orderly Network has introduced its Vaults feature, which is now operational on the platform. Users can engage with these Vaults to earn returns.
The daily news covers key events and trends affecting Bitcoin price, blockchain technology, decentralized finance (DeFi), Web3, and crypto regulation. It provides a concise overview for readers to stay informed on the latest developments in the crypto space.
The Irish Criminal Assets Bureau has reported that organized crime groups are renting private vaults to store cryptocurrency wallet private keys and recovery phrases alongside cash, luxury watches, and passports. This was disclosed to the government's anti-money laundering steering committee, which is preparing for new EU rules banning cash transactions over 10,000 euros and requiring identity checks for cash expenditures of 3,000 euros or more, set to take effect next summer.
Zcash (ZEC) rose 45% over the past week, reaching its highest price since 2016. The rally follows the conversion of Grayscale's Zcash Trust into an ETF, which began trading on Aug. 25.
LBank has introduced the VIP All-Star Championship, a futures trading competition with a total prize pool of 100,000 USDT. Participants can earn rewards by depositing funds and trading, with rankings determining the prize distribution.
BingX has initiated the KOL Trading Legends competition, offering over 100,000 VST demo funds per round. Rankings are determined by futures ROI, and a livestream is scheduled.
RWA Inc. has officially launched the RWA Chain at 18:30 CEST (16:30 UTC), marking a significant milestone for the company. The launch is expected to enable real-world asset tokenization on a dedicated blockchain.
Poland's parliament fell 25 votes short of overriding President Nawrocki's veto on crypto regulation. This marks the third failed attempt to pass the legislation.
Websea announced that it will offer perpetual trading for a top global asset starting September 7, 2026, at 09:00 UTC. The service will support both long and short positions with flexible leverage options.
NBA star LeBron James posted a video captioned 'Coming soon,' suggesting a potential collaboration with prediction market platform Polymarket. The teaser has sparked speculation about the nature of the partnership.
The Liquid Network has temporarily halted its operations following the theft of approximately 4,000 BTC, valued at around $320 million. A whitehat hacker has claimed responsibility, stating that the funds will be returned once the network's vulnerability is patched, and emphasized that no private keys were compromised.
Cashmere Labs announced the launch of the first utility feature for Goat Street. NFTs on the Robinhood Chain can now earn native ETH and on-chain stock yields, with weights depending on NFT holding duration and tier.
Zcash (ZEC) surged to its highest level since 2016, reaching $1,249.28 before settling around $1,195, with a 45% weekly gain and 138% monthly gain. The rally is driven by Grayscale's conversion of its Zcash Trust into an exchange-traded fund (ETF) trading under the ticker ZCSH on NYSE ARCA, which allows investors to gain exposure to ZEC through brokerage accounts.
Strategy has raised approximately $20.9 billion this year through stock offerings, ranking fourth among US issuers. The company recently sold MSTR shares for $602.8 million net, using $369.7 million to buy 4,603 BTC at an average price of $80,318, increasing its total holdings to 845,050 BTC.
Tom Lee, chairman of Bitmine, stated that Ethereum (ETH) is more like 'digital land' than cash, with its long-term value derived from the network as underlying infrastructure. Bitmine has increased its ETH holdings weekly for 65 consecutive weeks, reaching 5,901,112 ETH as of August 30, 2026, approximately 4.9% of total supply.
According to Binance Research's monthly report, Bitcoin surged 24.8% within seven days, ranking among the top 1% of weekly gains since 2020. Meanwhile, stock holders increased their crypto allocation from 64% to 72%, while stablecoin allocations fell by 22%, and TradFi perpetual futures trading volume dropped from 40% to 20%, indicating a shift back to crypto assets.
Malone Lam, a 22-year-old Singaporean, is accused of orchestrating a social engineering attack in August 2024 that stole over 4,100 BTC, valued at more than $240 million. Lam, who allegedly spent lavishly on luxury cars, watches, and nightclub outings, is scheduled to appear in court for a plea agreement hearing on Tuesday.
This week's US CPI and PPI reports, along with the Federal Reserve's September 16 rate decision, may influence Bitcoin's ability to maintain $80,000 as a support level. Markets are increasingly pricing in a potential rate hike in September.
The Sun Wukong Ecosystem will hold a roundtable discussion on X Space at 8 PM on September 8, focusing on the theme 'GPT-6, Claude, Grok Successive Upgrades: AI Model War Enters Second Half'. The event will explore how industry competition shifts as leading models converge, and discuss real barriers evolving from model parameters to underlying computing scheduling, multi-model API routing efficiency, and infrastructure supporting automated Agent execution.
Solana plans to activate Transaction v1 this Wednesday, increasing the maximum transaction size from 1232 bytes to 4096 bytes, a more than threefold expansion. The upgrade aims to alleviate structural limitations and support complex operations like large cryptographic proofs, multi-signature payments, and privacy transfers in a single transaction.
A Transaction v1 feature activates Wednesday, enabling complex proofs and large multisig operations to fit in one transaction. Services that read Solana must update to accommodate the change.
Gate has launched perpetual contract trading for STONK, BEN, and ZCAT, supporting 1-10x leverage for both long and short positions. The exchange also introduced trading bots and Order Tracking features. STONK is the platform token of Solana launchpad StonkFun; BEN is a character meme by Flap; ZCAT is a Zcash-themed Solana meme launched on StonkFun.
Binance has introduced an AI feature suite called Binance AI, now in beta, to help users interpret complex market data and identify market dynamics. The beta is open to verified users on a limited basis, with feedback to be used for product refinement.
Blockstream has notified the white hat hacker who extracted about 4,000 BTC from the Liquid network that the vulnerability has been patched, allowing for the safe return of funds. The hacker had demanded a fix before returning the BTC, and negotiations were conducted publicly via Bitcoin OP_RETURN messages.
Binance Alpha has added new tokens to its platform, but this does not constitute an official listing. The move aims to provide early access to emerging projects.
According to GMGN data, the market capitalization of SPACEHOOD, a meme coin on Robinhood Chain, reached $7.5 million. Its 24-hour gain narrowed to 23.25%.
The Bangko Sentral ng Pilipinas has proposed a 12-month suspension on new Operator of Payment System registrations to review the licensing framework. The draft also requires enhanced due diligence and transaction limits for institutions serving virtual asset businesses.
In an interview on September 2, 2026, Strategy CEO Phong Le stated that the company will remain a net buyer of Bitcoin, even if the price surpasses $130,000 to reach a new all-time high. The company previously sold about 7,000 Bitcoin, less than 1% of its holdings, to fund preferred stock dividends and share repurchases, and Phong Le emphasized a flexible two-way capital strategy involving both buying and selling Bitcoin and raising capital through stock financing.
Gate will host a flash exchange event from September 7 to 14, offering a 20,000 USDT prize pool for users who complete daily trades of at least 100 USDT for three consecutive days. Additionally, a separate 20,000 USDT pool rewards top traders by volume, with the leading trader receiving 1,000 USDT if volume exceeds 150,000 USDT. New users who make their first flash exchange before September 10 can earn a 20 USDT dual-currency voucher, limited to the first 1,000 participants.
A recent analysis reveals that Bitcoin's price movements are less correlated with changes in Treasury yields compared to gold. This suggests that Bitcoin may be less influenced by interest rate expectations than traditional safe-haven assets.
According to data from SolanaFloor, Circle has minted approximately 3 billion USDC on the Solana blockchain over the past 24 hours. This significant issuance increases the circulating supply of the stablecoin on the network.
The Financial Conduct Authority has reportedly held talks with trading platforms amid growing British interest in platforms like Polymarket and Kalshi. Despite these discussions, the regulator's public stance remains in favor of the ban.
Since Robinhood Chain launched, 375,740 users participated in FOMO platform meme coin trading. Only 229 users (0.06%) earned over $10,000, and 653 users (0.17%) earned over $5,000.
Blockchain security firm Hacken found that about half of USDT in circulation, primarily on Tron, is governed by a 2-of-3 multisig contract lacking delays or revocation, posing risks if two keys are compromised. Tether reuses the same six signers across Ethereum, Avalanche, and Celo, potentially spreading risk cross-chain, while Bluechip upgraded Tether's rating to C based on KPMG audit showing $6.8B excess reserves.
Bitcoin declined 1.1% since midnight UTC, while Nasdaq 100 futures edged up 0.3%. The weekend's double-digit gains in alternative cryptocurrencies have stalled.
Gate has announced the listing of StonkBroker (STONKBROKER) for spot and flash trading, with a CandyDrop event running from September 7 to September 12. During the event, users can earn candies through spot trading, VIP tasks, and inviting friends, sharing a total of 517,331 STONKBROKER, with a maximum of 5,000 per user.
Crypto trader Unipcs, known as 'Bonk Guy', reported a $3.6 million unrealized loss in the past 24 hours, exceeding the combined profits of the top two traders on the FOMO platform. He emphasized the need for investors to endure such volatility and remains confident his portfolio will grow to at least $50 million in the coming months without adding new tokens.
Bitget is hosting a new stock trading event from September 7 to 14, offering a total prize pool of 50,000 USDT in rOKLO. Participants can earn blind box draws by completing specified rToken trading tasks, with rewards ranging from 0.04 to 50 rOKLO and a 100% win rate. Additionally, a trading volume ranking competition will distribute 350 rOKLO among the top 50 traders, with the first-place winner receiving 50 rOKLO.
Glassnode data shows that for the first time since early June, all Bitcoin wallet groups have collectively turned to net selling, led by whales holding over 1,000 BTC. The accumulation trend score is 0.37, near zero indicating selling, while Bitcoin faces resistance at the 50-week moving average around $79,687; however, a golden cross may form as early as Tuesday, offering a bullish signal.
During the weekend market closure, perpetual contracts on exchanges have priced in stock movements. According to RootData, most popular stocks are trading above their last after-hours reference prices, with semiconductor ETFs like SOXL and SOXX leading gains.
The Bangko Sentral ng Pilipinas has proposed a moratorium on new payment operator registrations to enhance oversight. The plan also includes stricter monitoring and transaction limits for arrangements with virtual asset service providers.
DBS Bank and Citibank have collaborated to use Swift's blockchain-based ledger for instant, 24/7 cross-border dollar payments via tokenized deposits. The partnership aims to enhance the efficiency of international transactions.
All wallet cohorts have turned to net distribution for the first time since early June, intensifying selling pressure at the $83,000 resistance level. However, a potential golden cross formation offers some hope for bullish momentum.
Jiang Zhuoer, a miner pool operator, announced that he sold his entire Bitcoin position at $82,050 and repurchased it at $79,480, citing improved market sentiment and continued inflows into Bitcoin spot ETFs. He has now restored his full spot position in Ethereum.
According to RootData's latest ranking of stock derivatives exchanges, Gate's 24-hour trading volume reached approximately $482 million, an increase of 90.58%. Gate ranks third with a score of 93.2, holding about $890 million in positions, representing a market share of 4.01%.
Galaxy Research reported that the attacker has now drained the 11 largest vaults tied to the third wave of Coldcard thefts. This movement represents 45% of the bitcoin stolen in that wave, totaling $7.7 million.
Trader Loracle has opened a 3x short position on PONS tokens on Hyperliquid since September 3, holding 25.04 million PONS (about $19.41 million) with an average entry price of $0.6553, representing 19% of Hyperliquid's total PONS open interest. The position is currently underwater by nearly $3 million, and Loracle has been increasing the position despite the loss. Analyst @mlmabc has publicly called for funds to jointly target this short, claiming commitments of eight-figure amounts. The liquidation price is $1.83, requiring a 128% rally in PONS to trigger.
According to Catcher Predict, the 'Over' option for total kills exceeding 30.5 in Game 4 of the LPL playoff match between Anyone's Legend and Bilibili Gaming saw a sharp decline in win probability on Polymarket. The odds fell from 47.5% to 32% within an hour, a drop of 15.5 percentage points, indicating potential market reactions to breaking news.
Bitcoin declined and Treasury yields rose on Friday, yet the market's hawkish reaction appears exaggerated. Fed rate hike odds remained largely unchanged, suggesting the jobs data did not materially shift expectations.
BlackRock's IBIT led with $692 million in inflows, while Zcash (ZEC) surged past $1,200 following Grayscale inflows. South Korea's Financial Services Commission has set February 4, 2027, for legal recognition of such assets.
In the past seven days, Bybit experienced the largest decline in BTC wallet balances among top exchanges at 1.5%, while OKX saw the largest increase at 1.4%. Reserve asset proof data shows Bybit and MEXC recorded net outflows of $59.493 million and $50.7179 million respectively, while Binance, Bitfinex, and Bitget led net inflows.
Coinglass data shows $210 million in total liquidations over the past 24 hours, with long positions accounting for $113 million and shorts $97.41 million. Bitcoin long liquidations were $28.87 million, while Ethereum short liquidations reached $24.45 million, and the largest single liquidation order was $3.07 million on Binance's ETHUSDT pair.
Venture capital firm a16z's AI infrastructure team saw its stakes in Cursor and OpenRouter surge in value after SpaceX acquired Cursor for $60 billion and Stripe acquired OpenRouter. The investments, made through a $1.25 billion infrastructure fund, have returned the fund's entire capital to limited partners and generated additional profits.
August payrolls exceeded forecasts by threefold, increasing the likelihood of a September rate hike to 58%. While equities declined, Bitcoin remained stable above $79,000, and Zcash recorded a 45% weekly gain.
Developers of the Harmony blockchain have proposed a voluntary shutdown, citing difficulties in securing the network against state actors and AI agents. They plan to redirect ONE token emissions into an AI video business.
Investors await US inflation figures for cues on Federal Reserve policy, which could impact risk assets like cryptocurrencies. Coinbase's decision to switch from Deribit for derivatives trading may alter market dynamics.
Cryptocurrency exchange Gate has introduced an on-chain trading product called 'Dajingou' supporting multiple blockchains including Robinhood, SOL, ETH, and BSC. The platform charges a 0.5% fee for both buy and sell orders, and users can trade directly from their Gate accounts without needing to create or connect a wallet.
Gate has automatically settled cash dividends in USDT for users holding positions in 207 US-listed stocks, including Visa, Wells Fargo, and Pfizer. The distribution covers stocks with corporate payment dates between August 31 and September 4, 2026, spanning multiple sectors.
Trader BonkGuy invested over $500,000 in MEME at an average market cap of $45 million and denied insider trading allegations. He believes MEME is central to the meme/stock narrative, citing similar projects with high valuations, and suggests it could reach billions if regulatory debates favor the sector, potentially listing on Robinhood.
Anthropic has signed contracts for at least 14.8 gigawatts of computing capacity over the past 11 months, with potential costs reaching $517 billion, driven by demand for its Claude models. The company has also secured additional capacity from Amazon, Google, Broadcom, Microsoft, and NVIDIA, and leased all of SpaceX's Colossus 1, including over 220,000 NVIDIA GPUs.
Fomo generated $1.76 million in revenue on Friday, surpassing Pump.fun's $1.1 million. However, Pump.fun still leads in 30-day revenue.
Cryptocurrency exchange WEEX announced the start of its second hackathon, AI Wars II, on September 7. The five-week competition features a 600,000 USDT prize pool, with participants choosing to join Team AI or Team Human to compete in real market trading based on PnL% performance.
