Express News | Hyperliquid user account compromised; 738,600 USDC transferred out and over 10,000 HYPE tokens unstaked.
On September 9, market sources reported that a Hyperliquid user account was subject to unauthorized control, with approximately 738,600 USDC transferred out and an additional 10,287 HYPE tokens unstaked. The affected account address is 0x5b6d236e39a4723a8f79db93cfd1af4d228f9c60, and portions of the stolen funds were directed to addresses suspected of being associated with Bitget. As of verification, the 10,287 HYPE tokens remain in the staking balance and have not yet entered the withdrawal queue. If the attacker proceeds to initiate cWithdraw, the assets can be further transferred after a 7-day waiting period. In two recent similar cases, staked assets were stolen in secondary attacks due to the absence of a user-triggerable emergency pause mechanism, resulting in losses exceeding 1.1 million USDT. It is recommended that Hyperliquid introduce a pre-enabled Guardian/Recovery mechanism for users, which would allow only temporary suspension of withdrawals, transfers, and authorization changes. Such suspensions should expire automatically, while restoration should require a time lock, evidence review, and on-chain recording.
Circle acquires Singapore-based local gateway for stablecoin payments
Tazapay moves stablecoin payments from the "feasibility" stage to the "scalability" validation phase.
Express News | Linera's community round subscription failed to reach the minimum target of 1.5 million USDC; refunds will be processed.
On September 9, according to an official announcement, Layer-1 blockchain Linera stated that the LNRA community round subscription period has ended, failing to meet the minimum target of 1.5 million USDC. A total of 617 participants from 69 different countries subscribed to 848,000 USDC. Linera will process refunds, with funds returned to participants' wallets via the original payment channels. An update on subsequent developments will be released after the refund period concludes.
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.
Bessent’s U.S. Treasury Dream Shattered: Stablecoin Market Cap Shrinks by $3 Billion
U.S. Treasury Secretary Bessent hopes that stablecoins will help bridge the U.S. debt gap, but both USDT and USDC have seen their scales shrink, and the crypto market's slump has left short-term
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.
Express News | Golden Evening Post | Key Developments on the Night of September 7
12:00-21:00 Keywords: Circle, UBS Group, Strategy, Ministry of Industry and Information Technology 1. The People's Bank of China increased its gold holdings for the 22nd consecutive month. 2. Circle issued approximately 3 billion USDC on the Solana chain in the past 24 hours. 3. Arthur Hayes released the FLOP Yellow Paper, proposing a full airdrop of tokens. 4. UBS Group: Expects the Federal Reserve to raise interest rates by 25 basis points each in September and December 2026. 5. Solana will increase the single transaction size limit to 4,096 bytes, expanding capacity by more than threefold. 6. Strategy ranked fourth among U.S. equity issuers in 2026 with an equity issuance volume of $20.9 billion. 7. Ministry of Industry and Information Technology: Orderly deploy intelligent computing clusters with 10,000, 100,000, or more cards, and intensify efforts to adapt to domestic computing chips.
Express News | Circle issued approximately 3 billion USDC on the Solana blockchain in the past 24 hours.
On September 7, according to data from SolanaFloor, Circle issued approximately 3 billion USDC on the Solana blockchain over the previous 24 hours.
Wealthy individuals engage in tax avoidance, leaving DeFi lending pools to silently bear the blame
A risk attribution report on $130 million of on-chain default exposure.
Express News | Secured Finance suffered a cyberattack, incurring losses of approximately $104,000.
On September 7, Defimon Alerts reported that the decentralized lending protocol Secured Finance suffered an attack on its lending market on September 5, resulting in losses of approximately $104,000. The root cause was that collateral was valued based on the average execution price of the order book within the current block, allowing attackers to manipulate this price through wash trading, thereby causing fraudulent borrowing positions to be recognized as valid collateral. After initially deploying the contract, the attacker did not execute immediately but subsequently utilized flash loans and wash trading to inflate prices and withdraw USDC. The original attack transaction was reverted due to insufficient gas fees. Approximately 48 seconds later, a general-purpose frontrunning bot named "coffeebabe" extracted about 0.9 WBTC (worth approximately $72,000), transferred roughly 28.8 ETH to the builders of "ultra sound money," and retained only about $29 for itself. Subsequently, another bot withdrew a portion of the USDC.
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 | Golden Morning Brief | Overview of Key Overnight Developments on September 6
21:00-7:00 Keywords: OpenAI, YZi Labs, DeFi 1. The 90-day correlation between Bitcoin and gold prices has risen to +0.50; 2. Security concerns arise from the technology used in OpenAI's "Astra" model; 3. Mutual attacks on oil tankers by the U.S. and Iran; Iranian military warns of potential larger-scale strikes against the U.S.; 4. Changpeng Zhao: Investments in YZi Labs over recent months may become his best-performing trade; 5. Trump's MAGA Super PAC contributes $10 million to the general election for the first time; 6. CZ: Kyrgyzstan has established a crypto regulatory framework, and the stablecoin KGST has begun circulation; 7. USDC deposits in DeFi protocols grew by 34.1% over the past 90 days, reaching $9.3 billion.
Express News | Data: The volume of USDC deposited in DeFi protocols increased by 34.1% over the past 90 days, reaching $9.3 billion.
On September 6, data from Token Terminal showed that the volume of Circle-issued USDC deposited in DeFi protocols rose by 34.1% over the past 90 days, reaching $9.3 billion. Of this total, USDC deposits in Morpho Blue and Aave V3 reached $3.6 billion and $2.8 billion, respectively, accounting for approximately 69% of the combined total.