Bitcoin Recovers Toward $79,000 as Zcash Records a $500 Million ETF Haul
Bitcoin fell to nearly $77,600 on Tuesday before clawing most of it back, leaving it little changed on the day while zcash gained roughly 43% on the week and Grayscale's new fund crossed half a billion dollars.
From Millions in Debt to Riches: Did Biden’s Son Turn Things Around by Launching a Cryptocurrency?
On the evening of September 7, The Wall Street Journal reported that Hunter Biden, son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP on Coinbase's Base network on September 9. The total supply will be 1 billion tokens, with 20% allocated for an airdrop. A portion is explicitly designated for users who incurred losses on the TRUMP token issued by Trump, while another share of the tokens is linked to prediction markets for events such as "whether Trump will be impeached." Four minutes after the report was released, Hunter himself posted on X.
Bitcoin Slips to $78,800 as BNB and DeFi Tokens Buck the Selloff
Bitcoin fell 0.42% since midnight UTC to $78,874, but the CoinDesk 20 rose 0.2% and the memecoin index gained 0.41% as BNB Chain tokens rallied.
Express News | Yi Lihua’s Industry Review: Hoarding Cryptocurrencies, Infrastructure, and Project Market Capitalization Management Are More Conducive to Generating Compound Returns
On September 8, Jack Yi (Yi Lihua), founder of Liquid Capital, posted on the X platform: “Having entered the crypto industry in late 2015 and spent over a decade in this field, my retrospective analysis suggests that beyond hard work, strategic choices are paramount. Several groups have achieved success: one is the cohort that hoards Bitcoin/Ethereum/BNB, including activities such as mining, holding coins, and operating mining pools; this approach yields returns through the compounding effect of time. Another group trades infrastructure, encompassing quantitative arbitrage, exchanges, and stablecoins. A third involves projects and market makers (MMs), which fall under the categories of asset issuance and asset control. In contrast, traders focusing on investments and derivatives overall experience more failures than successes. Their model resembles that of hunters, who must go out hunting every day to eat; it entails high risk with low compounded returns.”
Bitcoin Slips Under $79,000, Zcash Leads Losses as Fed Hike Odds Hold Near 60%
Every major token fell on Tuesday, though most keep weekly gains, with traders pricing a 60% chance of a Fed hike next week.
Express News | Zhao Changpeng: IPOs will migrate on-chain
On September 8, Zhao Changpeng stated on Twitter that IPOs will migrate on-chain (IPOs will move on chain).
Crypto projects set a record with $638 million in token buybacks this year.
According to ChainCatcher, citing the Financial Times, data from blockchain analytics firm Allium Labs shows that crypto projects have spent nearly $640 million on token buybacks year-to-date, totaling $638 million. This figure exceeds the $545 million recorded during the same period last year, while the full-year total for 2024 stood at only $366,000. Perpetual futures exchange Hyperliquid and meme coin launchpad pump.fun together accounted for nearly 90% of the total buyback volume. Allium Labs’ Head of Research
Express News | Banco do Brasil Expands Crypto Services as Regulatory Framework Takes Shape
On September 8, Brazilian banks were expanding their crypto-asset services for clients. According to a report by Folha de S.Paulo, Itaú, Brazil’s largest asset management bank, now offers 15 crypto-assets—including Bitcoin, Ethereum, and the US dollar stablecoin USDC—through its investment app. Nubank, Brazil’s largest fintech company, lists 28 crypto-assets. Banco do Brasil, the country’s most profitable state-owned bank, has recorded transaction volumes exceeding 11 million reais (approximately $2.1 million) since launching direct purchase services for Bitcoin and Ethereum in January of this year. However, customer crypto transactions are not reflected on the banks’ balance sheets. A March 2026 document from the Central Bank shows that Brazilian banks hold zero virtual assets on their books. Over the past year, Itaú, Bradesco, Santander, Banco do Brasil, and Nubank have all expanded their crypto product lines, coinciding with record growth in the size of Brazil’s crypto market. According to data from the Brazilian Federal Revenue Service (Receita Federal), Brazilians transferred 505.5 billion reais (approximately $98.7 billion) via cryptocurrencies in 2025, more than five times the 2020 level, with corporate transactions accounting for 98.3% of the total. This move by banks aligns with the implementation of new regulations. Brazil enacted the Legal Framework for Virtual Assets in 2022, granting regulatory authority over the sector to the Central Bank. Three resolutions issued in November 2025 require any institution allowing customers to trade, hold, or send cryptocurrencies to obtain a license, meet minimum capital requirements, and segregate customer accounts. The compliance deadline is October 30, 2026.
Deconstructing Hunter Biden’s $LAPTOP Token Launch: On-Chain Political Revenge Against Trump and Liquidity Extraction
For on-chain traders, political maneuvering is merely a facade; the real battle lies in the high-stakes gameplay. Author: Gemini, Shenchao TechFlow. On September 7, 2026, Hunter Biden, son of former U.S. President Joe Biden, posted a video on X confirming that his personal meme coin, $LAPTOP, would officially launch on the Base chain on September 9. If you dismiss this as yet another tedious celebrity token issuance, you are severely underestimating the mischievous intent behind it. According to the currently disclosed tokenomics, this is not just a rehash of the past "laptop scandal"
Analysis: Bitcoin’s hard-asset characteristics may surpass those of gold, offering greater “immunity” to bond market volatility
PANews, September 8 – According to CoinDesk, gold and Bitcoin have recently strengthened in tandem as market concerns over the fiscal health of developed economies intensify. To date, the 90-day correlation coefficient between the daily returns of BTC and gold has risen to 0.59, the highest level since 2020. However, compared with gold, Bitcoin appears more “immune” to volatility in the bond market. Data show that the 90-day correlation coefficient between BTC and the yield on US 10-year Treasury notes is only -0.17, suggesting that the negative impact of rising US Treasury yields on Bitcoin is relatively limited; during the same period, gold and the 10-year US Treasury
Express News | Son of former U.S. President Biden plans to launch meme coin LAPTOP
According to The Wall Street Journal, Hunter Biden, son of former U.S. President Joe Biden, will launch a meme coin named LAPTOP, referencing the laptop controversy. It is scheduled to go live on Coinbase’s Base network on September 9. The project’s founding team, including Hunter Biden, will hold 30% of the total token supply (1 billion tokens), which will be locked for six months and fully unlocked over two years. An additional 20% of the tokens will be airdropped in two batches to users who previously incurred losses on the Trump meme coin TRUMP, Hunter Biden’s Substack subscribers and their friends, and users on the mailing list maintained by video journalist Andrew Callaghan. The remaining 20% will be allocated for charitable donations, liquidity provision, distribution to exchange partners and market makers, and covering the accounting, legal, administrative, and compliance costs of the token foundation. Reportedly, the founding team has also established a burn mechanism tied to 30 predefined events. If these events achieve predetermined outcomes within specified timeframes (such as the Democratic Party winning the 2028 presidential election, Bitcoin reaching a new all-time high, or LAPTOP’s fully diluted valuation surpassing that of TRUMP), up to 30% of the token supply may be burned; if not achieved, the tokens will be donated to charity proportionally. The report notes that Hunter Biden has recently frequently appeared on podcasts and news programs and written Substack articles discussing his views on cryptocurrency, including commenting on the dispute between the Trump family’s crypto project World Liberty Financial and Justin Sun.
Live Updates: Bitcoin Holds $79,000 as Hike Odds Climb, Zcash Runs 45% in a Week
August payrolls came in three times above forecast and pushed September hike odds toward 58%. Equities sold it and crypto has not.
Express News | BNB falls below $750
Market data shows that BNB has fallen below $750, currently trading at $749.84, with a 24-hour decline of 2.23%. Given the significant market volatility, please ensure proper risk management.
The Debate on Blockchain Business Models: Tenant or Landlord?
Free does not necessarily mean beneficial.
Express News | Bitwise: Bitcoin’s correlation with gold rises to highest level since 2020, while correlation with U.S. equities falls to one-year low
André Dragosch, Head of European Research at Bitwise, stated in a post that the 90-day rolling correlation between Bitcoin and gold has risen to its highest level since 2020, while its correlation with the Nasdaq-100 Index has dropped to a one-year low. Meanwhile, Bitcoin continues to exhibit a significant negative correlation with the U.S. Dollar Index. In August, U.S. long-term Treasury yields rose, prompting Treasury Secretary Bessent to intervene in the market by expanding long-term Treasury repurchase operations. Subsequently, Bitcoin surged 22.4% in a single week, marking its largest weekly gain since March 2024; gold rose approximately 5% over the same period, while equities declined. The last time Bitcoin’s correlation with gold reached similar highs was following the implementation of fiscal and monetary stimulus by governments during the pandemic in 2020. Although Bitcoin and gold remain distinct assets, investors are increasingly inclined to hold both as hedges amid rising macroeconomic pressures and currency devaluation risks, with Bitcoin recently behaving more like gold with amplified volatility. If this correlation trend persists, Bitcoin may enter larger capital pools dominated by central banks, sovereign entities, and asset allocators, facing potential repricing.
Bitcoin’s Golden Lineage Awakens: This Could Mark the Start of the Largest Bull Market in BTC History
What we are witnessing now is likely just the beginning of a major bull market.
August Surge: Capital is paying an "additional premium" for leading crypto treasury companies
Capital is assigning an additional capital market premium to certain DATs. This premium comprises beta exposure from rising token prices, amplification through financing leverage, enhanced returns from staking, and the speculative potential of ecosystem narratives.
Express News | BNB breaks through $750
Market data shows that BNB has broken through the $750 mark, currently trading at $750.11, with a 24-hour gain of 4.59%. Given the significant market volatility, please ensure proper risk management.
Express News | BNB breaks through $740
Market data shows that BNB has broken through $740, currently trading at $740.7, with a 24-hour gain of 3.61%. Given the significant market volatility, please ensure proper risk management.
Weekly trading volume nears RMB 3 billion but retention stands at only 5%: Are tokenized stocks becoming a liquidity black hole on-chain?
The Grayscale report reveals that Robinhood, BNB, and Solana dominate tokenized stock trading, with weekly spot volumes approaching $3 billion. Despite rapid growth, only 5% of capital is allocated to on-chain finance, and the lack of regulatory oversight hinders their effectiveness as collateral.