Morning Report | Trump claims stock trading is for America, not himself; Data: YZi Labs ranks as the second largest active family office globally in August, participating in 10 financing rounds with a total scale of 42.1 million USD
September 8 Market Important Events OverviewCompiled by: ChainCatcher
What important events occurred in the past 24 hours?
Two Prime CEO: Bitcoin rebound still has room, short covering in volatility will provide additional momentum
According to ChainCatcher, CoinDesk reported that Alexander Blume, founder and CEO of cryptocurrency asset management company Two Prime, stated that Bitcoin's recent rebound still has room to grow, mainly because institutional investors who have heavily sold volatility are facing position pressure. If the price continues to rise, short sellers will be forced to cover their positions, which will fuel the upward trend. He pointed out that the current market structure is healthy, with no signs of overheating in funding rates. The rebound is not driven by speculation, as the continuous inflow of spot ETFs and corporate buying provides substantial support. Although implied volatility has risen from 23%-24% to above 40, it remains low by historical standards. If call option sellers are forced to close their positions, it could accelerate the upward movement. Blume believes that if macro conditions stabilize, BTC has already bottomed around $60,000, with the biggest risk coming from a complete collapse of risk assets. The general pessimism in the market means that even moderate positive news could have an outsized impact. In terms of mining companies, MARA recently chose to collateralize its BTC holdings to obtain a $600 million loan from Coinbase and Two Prime, rather than selling directly, to retain upside potential. Mining companies' AI transformation strategies are diverging, with Cipher Mining and TeraWulf actively shifting towards AI infrastructure, while CleanSpark and MARA explore AI and power sectors while retaining their original businesses. Blume expects the Trump administration to push for interest rate cuts, and adjustments to the PCE index may lower inflation readings, potentially improving interest rate prospects.
Australia's AUSTRAC revokes registration of 45 cryptocurrency and remittance institutions within a year
According to ChainCatcher, Australia's financial intelligence agency AUSTRAC has canceled, suspended, or refused to renew the registrations of 45 cryptocurrency and remittance service providers in the past year to strengthen scrutiny of high-risk payment businesses. The institutions involved faced issues such as inactivity, insolvency, or lack of operational capability, as well as failure to report significant changes, incorrect registration information, and significant money laundering or terrorism financing risks. AUSTRAC CEO Brendan Thomas stated that companies whose registrations were canceled are not allowed to continue operations, and some related individuals have been referred to domestic and foreign law enforcement or regulatory agencies. AUSTRAC specifically mentioned BA Digital Ventures, operating under the name GetCoins, whose virtual asset registration was canceled in June due to customer complaints, reportedly being exploited by organized cryptocurrency investment scams, with related actions conducted in cooperation with the National Anti-Fraud Center. The publicly available VASP registration list also included recent disposals of institutions such as Cryptolink, Self Custody, Jam Xchange, and Coinsec Australia. Additionally, AUSTRAC has launched an investigation into Western Union and suspended Cryptolink's cryptocurrency ATM network.
Wintermute: The crypto market has passed the hawkish data test, capital is flowing from stocks and gold into crypto assets
According to ChainCatcher, Wintermute released a market update stating that the August non-farm payroll data exceeded expectations, pushing the probability of interest rate hikes to nearly 60%. Bitcoin briefly fell from $82,400 but still closed up 3.45% for the week, standing above $80,000. Bitcoin ETFs recorded a net inflow of $987 million, marking three consecutive weeks of positive inflows, totaling nearly $3.8 billion. This indicates that the crypto market has withstood the hawkish data test. Bitcoin has fallen about 50% from its peak, significantly less than the over 75% declines seen in the same periods of 2018 and 2022, reflecting earlier involvement of ETFs and institutional funds. Wintermute believes that capital is flowing from stocks and gold into crypto assets, forming the premise for a new cycle. $82,000 is the key level to break, while $72,000 is the point to judge a trend change. The voting on the CLARITY Act and the CPI and FOMC meetings are all scheduled for next week, and the end of Robinhood's Chain Gas subsidy at the end of September will be the first test of activity sustainability. If Bitcoin falls below $72,000 and ETF outflows turn significantly negative, a reassessment will be necessary.
Data: Net buying by listed companies decreased by 48% week-on-week, Strategy did not increase Bitcoin holdings last week
According to ChainCatcher, based on SoSoValue data, as of 8 AM Eastern Time on September 8, 2026, the total net buying of Bitcoin by global listed companies (excluding mining companies) for the week was $267 million, a decrease of 48% compared to the previous week. Strategy (formerly MicroStrategy) did not purchase Bitcoin last week. Japanese listed company Metaplanet did not purchase Bitcoin last week, marking eight consecutive weeks without purchases. Additionally, eight other companies announced purchases of Bitcoin or their Bitcoin holdings last week. Japanese energy investment company Remixpoint announced that as of September 4, 2026, it holds a total of 1,506.23390097 Bitcoins, with a total expenditure of $1.1184 million, an increase of 2.48356398 Bitcoins compared to the previous week; entertainment technology company Boyaa Interactive announced an investment of $14.3 million from June 24, 2026, to September 4, 2026, to increase its holdings by 205 Bitcoins at a price of $69,756.097561, bringing its total holdings to 4,316; UK Bitcoin company The Smarter Web Company announced on September 2 that it invested $2.72 million to purchase 35 Bitcoins at a price of $77,708, bringing its total holdings to 2,747; Bitcoin asset company Bitcoin Treasury Corporation announced on September 4 that it holds approximately 737.71 Bitcoins, without disclosing the specific total purchase amount or average cost of Bitcoin; UK Bitcoin asset company BHODL announced on September 3 that it spent approximately $77,772.17 to purchase 1 Bitcoin, bringing its total holdings to approximately 167.487; Ethereum asset company Bitmine announced after 8 AM Eastern Time on August 31 that it purchased 1 Bitcoin, without disclosing the specific purchase amount, bringing its total holdings to 211; French Bitcoin company Capital B announced on September 7 that it purchased 376 Bitcoins at a price of $67,182, bringing its total holdings to 3,521; asset management company Strive announced on September 8 that it spent approximately $109 million last week to purchase 1,375 Bitcoins at a price of $79,281, bringing its total holdings to approximately 24,531. In terms of financing, Capital B announced that it has raised €7.6 million (approximately $8.83 million) from investors and institutions, including Adam Back, for the purpose of purchasing Bitcoin. BHODL confirmed that it has completed ATM 2 (the second phase of the market issuance plan), having sold a total of 600,000 shares of common stock at an average price of 8.06 pence per share, raising a total of £48,275 ($65,253.32) for Bitcoin purchases and preparing to launch ATM 3 (the third phase of the market issuance plan). As of the time of writing, the total amount of Bitcoin held by global listed companies (excluding mining companies) is 1,119,973, a decrease of 2.38% compared to the previous week, with a current market value of approximately $8.777 billion, accounting for 5.6% of Bitcoin's circulating market value.
Jiangbolong listed on the Hong Kong Stock Exchange, offering price of HKD 236
According to ChainCatcher, storage module manufacturer Jiangbolong (301308.SZ) was listed today on the main board of the Hong Kong Stock Exchange, stock code 09976.HK, with an offering price of HKD 236 per share, forming an A+H dual listing structure. The company globally offered 26,077,800 H shares, with 2,607,800 shares for public offering in Hong Kong and 23,470,000 shares for international offering, along with an over-allotment option. Each lot consists of 50 shares, with an entry fee of approximately HKD 12,151.32. Based on the highest offering price of HKD 240.60, the net fundraising amount is approximately HKD 6.02 billion. The prospectus disclosed that in the first half of 2026, Jiangbolong achieved revenue of CNY 24.088 billion, a year-on-year increase of 136.3%, with a gross profit margin rising from 11.0% in the same period last year to 58.2%, and a profit of CNY 10.718 billion, compared to CNY 41 million in the same period last year.
Middle East and North Africa cryptocurrency trading volume reaches $350 billion, doubling from 2022
According to ChainCatcher, a recent report from the Bitcoin Policy Institute shows that driven by the Iran conflict, the annual blockchain trading volume in the Middle East and North Africa is expected to reach $350 billion in 2025-2026, more than three times the approximately $100 billion in 2022. The report points out that regional conflicts typically accelerate capital outflows, but the Iran conflict presents a different dynamic: an increasing amount of capital is shifting towards digital assets, highlighting the growing role of cryptocurrencies (especially Bitcoin) as a hedge against economic and geopolitical uncertainty. The report states that after the outbreak of conflict, Bitcoin initially fell in sync with other risk assets, but investors shifted from higher-risk cryptocurrencies to Bitcoin, pushing its market cap share to a one-month high of 64.8%. Countries like Egypt, Turkey, Lebanon, and Iran are increasingly using Bitcoin and dollar-pegged stablecoins to preserve value due to currency devaluation. Meanwhile, Gulf countries like the UAE and Bahrain are attracting crypto institutions and institutional investors by establishing regulatory frameworks. Chainalysis data also shows that approximately $10.3 million in funds left Iranian cryptocurrency exchanges after the US-Israel airstrikes from February 28 to March 2 this year. The report concludes that in countries facing sanctions, conflict, or currency instability, cryptocurrencies have become tools for preserving and transferring value outside the traditional financial system, while regulated Gulf markets continue to attract institutional capital.
Data: YZi Labs ranks as the second most active family office globally in August, participating in 10 financing rounds totaling $42.1 million
ChainCatcher reports that, according to Family Office New Intelligence Point, data service provider FINTRX tracking shows that in August, family offices participated in a total of 109 transactions, with the total disclosed financing amount reaching 16.9 billion USD. Among these, follow-on financing rounds, where family offices continued to invest in companies they already held, accounted for 27% of the transaction count. This indicates that, compared to continuing to invest in existing projects, family offices are more active in seeking and investing in new projects. The most active institution in August was a16z Perennial. a16z Perennial, established in 2022, is a joint family office under the venture capital firm Andreessen Horowitz, providing wealth management and investment services for its core partners Marc Andreessen and Ben Horowitz, as well as the entrepreneurs they support. As of the end of 2025, a16z Perennial manages approximately 2.74 billion USD in regulatory assets. In August, a16z Perennial participated in a total of 17 transactions, ranking first; the total disclosed scale of the related financing rounds reached approximately 10.45 billion USD. The second place was YZi Labs, founded by Binance founder Zhao Changpeng. YZi Labs manages over 10 billion USD in assets globally, with investments covering areas such as Web3, artificial intelligence, and healthcare, and invests in startups at different stages of development. In August, YZi Labs participated in 10 transactions, second only to a16z Perennial; however, the total scale of the financing rounds involved in these transactions was 42.1 million USD, largely appearing in large financing rounds worth hundreds of millions or even billions of dollars. It should be noted that the above amounts refer to the total financing scale from all investors in the relevant financing rounds, rather than the actual investment amount from the family offices themselves. Due to the strong privacy of family office investments, the specific investment amount of a single family office in each transaction is usually difficult to obtain.
The gold market focuses on U.S. inflation data, with PPI and CPI as the focal points
ChainCatcher reports that despite a weak dollar, gold prices still fell as investors awaited U.S. inflation data for clues on Federal Reserve interest rate decisions. Naeem Aslam from Zaye Capital Markets stated that gold prices remained above the 4,400 USD area, indicating that defensive demand is sufficient to offset the pressures from a strong labor market. The market is balancing strong economic data supporting interest rate hikes with safe-haven demand arising from geopolitical uncertainties. Attention is turning to the U.S. PPI and CPI data to be released later this week.
Bit2Me establishes Bit2Shield to assist law enforcement in tracking crypto assets
ChainCatcher reports that Spain's largest cryptocurrency exchange Bit2Me has announced the establishment of an independent company, Bit2Shield (registered name CryptoShield S.L), to assist courts, police, and financial institutions in tracking, seizing, storing, and selling crypto assets. This department will support investigators in extracting wallet data, locating crypto assets, and issuing digital signature forensic reports that can be used in court, while also being responsible for fraud investigations, source of funds verification, and providing training for police, judges, and banks. This move formalizes the work Bit2Me previously conducted for public institutions. In 2025, Bit2Me handled seized crypto assets worth 1.5 million euros (approximately 1.74 million USD) for Interpol, Europol, and the Spanish police, using blockchain analysis company Chainalysis to track the assets. Bit2Shield will store seized assets in cold wallets requiring multiple signatures and arrange for their sale when ordered by authorities, with proceeds transferred to government bank accounts in euros. Bit2Shield is part of Bit2Me's expansion from retail trading to banking and public institution infrastructure, with investors including Bankinter, Unicaja, Cecabank, Telefónica, and Tether. Since Bit2Shield focuses on investigations, forensics, and training, it is not considered a crypto service provider under the EU's Markets in Crypto-Assets Regulation (MiCA); any operations exchanging crypto assets for euros will be handled by Bitcoinforme S.L., an entity under Bit2Me authorized by the Spanish securities regulator MiCA.
Robinhood serves as IPO underwriter for the first time: participating in smart ring manufacturer Oura's listing
ChainCatcher reports that, according to The Wall Street Journal, smart ring manufacturer Oura has listed Robinhood as an underwriter in its IPO filing, marking Robinhood's first formal participation in IPO underwriting. Oura's listing is expected to be valued at over 11 billion USD, with Goldman Sachs, Morgan Stanley, JPMorgan, Allen & Co., and Jefferies serving as co-lead underwriters, and Robinhood ranking last among 18 underwriting institutions. Robinhood received regulatory approval for underwriting business in June of this year. As an underwriter, Robinhood is expected to have greater influence over how many shares Oura ultimately allocates to its clients. Current popular IPOs typically prioritize allocations to institutional investors, with retail investors often receiving shares through brokers that fall short of actual demand. Robinhood and Oura have previously established several connections. Oura has invited Robinhood's former CFO Jason Warnick to join its board; the closed-end fund launched by Robinhood in March of this year also invested in Oura, which accounts for 3.64% of the fund's assets. However, Georgetown University finance professor Reena Aggarwal believes that Robinhood's initial influence in the IPO underwriting market may still be limited.
Brazilian banks expand crypto services as regulatory framework takes shape
ChainCatcher reports that Brazilian banks are expanding crypto asset services for customers. According to Folha de S.Paulo, Brazil's largest asset management bank Itaú now offers 15 types of crypto assets, including Bitcoin, Ethereum, and the US dollar stablecoin USDC, through its investment app, while Brazil's largest fintech company Nubank lists 28 types. Since launching direct purchase services for Bitcoin and Ethereum in January of this year, Brazil's most profitable state-owned bank Banco do Brasil has seen transaction volumes exceed 11 million reais (approximately 2.1 million USD). However, customer crypto transactions have not entered the banks' balance sheets. A document from the central bank in March 2026 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, while the Brazilian crypto market size has also reached record levels. According to data from the Brazilian Federal Revenue Service Receita Federal, Brazilians transferred 505.5 billion reais (approximately 98.7 billion USD) through cryptocurrencies in 2025, more than five times that of 2020, with corporate transactions accounting for 98.3%. This move by banks coincides with the implementation of regulations. Brazil passed the Virtual Assets Legal Framework in 2022, granting regulatory authority to the central bank, and 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, with compliance deadlines set for October 30, 2026.
Morpho expands fixed-rate Midnight market to Ethereum
ChainCatcher reports that, according to The Defiant, decentralized lending protocol Morpho deployed its fixed-term, fixed-rate lending protocol Midnight to Ethereum on September 8, expanding the product from the Base network to Ethereum, allowing Ethereum users to take out USDC loans collateralized by WBTC or cbBTC. Morpho co-founder Merlin Egalite stated that the Ethereum launch will start with the "USDC | cbBTC and USDC | WBTC markets" and gradually expand. Compared to Morpho Blue, the core difference of Midnight lies in interest rate certainty. Blue uses open loans, with rates changing according to formulas; Midnight trades credit units at market-priced rates with fixed terms, allowing borrowers to determine financing costs in advance, and lenders to lock in returns rather than endure rate changes with each block. Midnight lenders purchase credit units at prices below the one-to-one redemption value at maturity. However, Midnight's largest potential funding source remains limited. Morpho Vaults, holding approximately 5 billion USD in deposits, can only allocate to the Morpho Blue market until the DAO enables Midnight configuration. Morpho co-founder and CEO Paul Frambot stated that enabling Vault configuration requires only one DAO transaction, but activation is expected to occur in the fourth quarter. At launch, the total deposits in the Ethereum Midnight market were approximately 7.41 million USD, with outstanding loans of about 2.63 million USD.
Liquid attacker returns 3,400 BTC, approximately 600 BTC still unreturned
ChainCatcher reports that an attacker, claiming to be a "white hat hacker," extracted approximately 4,000 BTC from the Liquid Network and has returned 3,400 BTC (approximately $269.2 million) to the federal wallet of the sidechain on Monday, recovering about 85% of the funds. The incident began on Sunday when a customer sent 4,000 L-BTC to SideSwap's peg-out service. The attacker claimed to be a "white hat hacker" through Bitcoin transaction messages and requested that the vulnerability be fixed first. Blockstream subsequently sent a signed message stating that "the bridge node has been patched and funds can be safely returned," prompting the attacker to transfer the funds. Nevertheless, approximately 598.5 BTC (around $47 million) remains in the associated address. Ledger's Chief Technology Officer Charles Guillemet expressed skepticism about the "white hat" claim, stating that if this were a negotiated reward under an on-chain crypto contract, it looked more like extortion. Liquid has disabled the bridge node and requested exchanges to suspend L-BTC deposits and withdrawals but has not yet announced a plan for handling the remaining funds or a timeline for resuming normal operations.
Canaan Creative Q2 Revenue of $31.9 Million, Mined 243 BTC
ChainCatcher reports that Canaan Creative (NASDAQ: CAN) announced its unaudited financial results for the three months ending June 30, 2026, according to PR Newswire. Total revenue for the second quarter was $31.9 million, down from $62.7 million in the first quarter and $100.2 million in the same period of 2025, with product revenue of $13.6 million, mining revenue of $17.7 million, and other income of $600,000. The cost of revenue for the quarter was $61.2 million, resulting in a gross loss of $29.3 million, operating expenses of $40.1 million, an operating loss of $69.5 million, and a net loss of $97.6 million. The non-GAAP adjusted EBITDA loss was $74.9 million. The loss from changes in the fair value of cryptocurrencies was $9.3 million, with impairment of property, equipment, and software at $9.2 million, and a total of $25.3 million for inventory write-downs, prepayment write-downs, and inventory purchase commitment reserves. The company's self-operated installed mining capacity (non-joint venture) was 10.05 EH/s, an increase of 23.3% year-on-year, with an all-in electricity cost of approximately $0.043 per kilowatt-hour, mining 243 bitcoins during the quarter. Cryptocurrency reserves reached 1,915 bitcoins and 3,952 ethers. As of September 8, 2026, the company repurchased approximately 16.4 million ADS for a total of $7.4 million. The ABC project holds a 49% stake, with installed capacity of 4.85 EH/s as of the end of July 2026.
HYPE Financial Company Hyperion DeFi Announces $20 Million Stock Buyback and Raises Full-Year Guidance
ChainCatcher reports that NASDAQ-listed Hyperion DeFi (NASDAQ: HYPD) announced on September 8, 2026, that it has raised its full-year guidance for 2026 and initiated a stock buyback program of up to $20 million. The company claims to be the first U.S.-listed DeFi company built on Hyperliquid. The full-year adjusted gross profit guidance has been raised from the previous $5 million to $7 million to $7 million to $8 million. The company expects adjusted net operating cash flow to turn positive in the third quarter of 2026, earlier than the previous expectation of "turning positive by the end of 2026"; and anticipates that core operating income will turn positive in the third quarter, with adjusted gross profit from core DeFi operations expected to exceed operating expenses after excluding equity incentives for the first time. The adjusted gross profit guidance for the third quarter is $2 million to $2.5 million, with operating expenses after excluding equity incentives of $2 million to $2.25 million, and core operating income of $0 to $500,000. The board has authorized the buyback of up to $20 million of common stock in circulation within a maximum of 12 months, which can be conducted through open market purchases, private negotiations, block trades, etc., with no guarantee of specific quantities, and the plan can be extended, suspended, or terminated at any time. CEO Hyunsu Jung stated that the recent acceleration of the DeFi business is expected to achieve breakeven in terms of profit and cash flow in the third quarter, and noted that HYPD common stock is currently trading at a discount of about 20% to 30% relative to net assets.
Tom Lee: Asset Tokenization and Agentic AI May Trigger a New Surge in ETH
ChainCatcher reports that Tom Lee, Chairman of Bitcoin treasury company Bitmine, stated that historically, during crypto bull market cycles, the ETH/BTC ratio tends to rise as Ethereum's usage increases relative to Bitcoin, such as during the NFT boom of 2020-2021 and the stablecoin surge in 2025, both of which were significant catalysts for Ethereum's application growth. In the next cycle, Wall Street's asset tokenization and deployment on the blockchain, along with the use of Agentic AI on the blockchain, may further drive up the ETH/BTC ratio. Since the third quarter of 2026, ETH has been the best-performing macro asset, outperforming the S&P 500 by 5,430 basis points as of last Friday; the three best-performing assets since June 30 have been ETH, BTC, and SOL, with crypto assets showing significant outperformance compared to other macro assets so far in the third quarter, likely attracting more institutional investment in crypto assets. Tom Lee added that as we enter the last few months of 2026, the crypto market faces several positive catalysts, including the anticipated vote on the CLARITY Act in mid-September, South Korean investors re-entering the crypto market and shifting from AI stocks to crypto, and what he believes will be a bottoming out of the "four-year cycle" in the coming weeks, all of which could pave the way for significant institutional capital inflow in the last months of 2026.
Cronos Rolls Back Blockchain to Recover $111 Million in Stolen Funds
ChainCatcher reports that Cronos confirmed in a post-incident report that the attack on the lending platform Tectonic on August 30 involved $120.4 million in borrowing activities. Validators made the "difficult decision" to roll back the on-chain history, successfully recovering approximately $111.2 million (about 92% of the affected funds), while approximately $9.19 million flowed out before the network was paused and could not be recovered. The attacker exploited weak DEX liquidity to inflate the price of Tectonic tokens (TONIC) by about 100 times within minutes and borrowed $120.4 million across nine markets in a single transaction. Validators paused the network about two hours later, restoring the chain to the last block before the suspicious activity, with block production resuming about 11 hours after the attack. The rollback involved reversing 1 hour and 54 minutes of on-chain history, totaling 10,961 blocks, with all transactions within that window being canceled, regardless of whether they were involved in the attack. Cronos stated that the alternative would have been to restart the network without restoring the previous state, which would have left the stolen assets in the hands of the attacker. This rollback closely followed Harmony's announcement of a similar plan, while Flow abandoned its rollback proposal last December due to community opposition. The maximum number of validators for Cronos is 100, which facilitated quick coordination for pausing and restarting but also indicated that the network's finality in emergencies depends on validator consensus.
Circle Signs Final Agreement to Acquire Singapore Cross-Border Payment Company Tazapay
ChainCatcher reports that Circle has announced that it has signed a final agreement to acquire Tazapay, a B2B cross-border payment infrastructure company based in Singapore. The transaction is expected to be completed in 2027, subject to customary closing conditions and regulatory approvals, including approval from the Monetary Authority of Singapore. Tazapay has over $25 billion in annualized payment volume, more than 60 banking and fintech partners, and local payment channels covering over 100 markets. Approximately 60% of Tazapay's transaction volume involves stablecoins.
UBS Joins Forces with Several Swiss Institutions to Launch Swiss Franc Stablecoin Test: CHFD Now in Pilot Operation
ChainCatcher reports that Swiss bank UBS announced that it has launched the Swiss franc stablecoin Sandbox testing phase in collaboration with PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, SIX, TWINT, and Swiss Stablecoin AG, exploring the integration of blockchain applications with the Swiss franc stablecoin. This test is based on the Swiss franc stablecoin CHFD, which has been technically launched in the Sandbox environment since the end of June and is pegged to the Swiss franc at a 1:1 ratio. The test will focus on exploring applications such as automated interbank transactions, digital asset tokenization settlements, and programmable payments, including reducing online market fraud risks, improving fair access to event tickets, and enhancing the efficiency of public fund disbursement. The test is expected to continue until the end of 2026, and UBS stated that the Sandbox aims to accumulate technical, operational, and regulatory experience and does not represent a decision to officially launch the Swiss franc stablecoin.
Samsung's Taylor Wafer Fab to Begin Pilot Operation by End of Month, 2nm Orders Fully Booked
ChainCatcher reports that according to South Korea's Cultural Daily, Samsung Electronics' Taylor wafer fab in Texas is expected to enter pilot operation around the end of this month, as orders for 2nm chips from Tesla, Broadcom, Arm, and others continue to pour in, with pre-production capacity nearly fully booked. The plant has accumulated investments of $37 billion since 2022 and plans to begin pilot operation next month, with mass production expected next year, initially targeting a monthly capacity of about 50,000 wafers, close to TSMC's approximately 80,000 wafers. Reports indicate that the Taylor plant will produce Tesla's next-generation AI chip AI5, Broadcom's next-generation communication chips, and Arm's AI chips for smart devices. Samsung's 2nm yield has increased from about 60% at the beginning of this year to around 80% recently. The company dispatched personnel for processes, equipment, and yield to the plant in June and began installing equipment in July. Samsung recently projected that its 2nm order volume this year would more than double compared to last year and stated that Nvidia's inference chip Grok3 began mass production last month; Samsung has also raised 4nm foundry prices by up to 15%. The second Taylor plant is scheduled to start construction by the end of this year and begin mass production in 2030, with Samsung requesting major partners to complete safety certifications for related production equipment in advance, and some partners are considering sending dozens of personnel locally. Meanwhile, Intel issued approximately $20 billion in new shares last month and expanded investments in 2nm-level 18A and 1.4nm-level 14A, while Japan's Rapidus completed its 2nm factory in Hokkaido last month and entered the wafer trial production phase.
Powerchip, King Yuan Electronics, and Silergy See Year-on-Year Revenue Growth in August, Powerchip's Panel-Level Packaging Capacity Fully Booked
ChainCatcher reports that Licheng, Jingyuan Electric, and Siliga all saw year-on-year and month-on-month revenue increases in August, with Licheng and Siliga rewriting historical highs for two consecutive months. Licheng's consolidated revenue in August reached 8.558 billion New Taiwan dollars, a month-on-month increase of 3.48% and a year-on-year increase of 24.46%. After breaking through 8 billion for the first time in July and setting a historical high, August saw another record, accumulating 61.258 billion in revenue for the first eight months, a year-on-year increase of 30.83%. Jingyuan Electric's revenue in August was 4.08 billion, with a month-on-month increase of 2.23% and a year-on-year increase of 31.58%, accumulating 29.404 billion in revenue for the first eight months, a year-on-year increase of 35.53%. Siliga's revenue in August was 2.07 billion, with a month-on-month increase of nearly 3% and a year-on-year increase of nearly 29%, accumulating 15.26 billion in revenue for the first eight months, a year-on-year increase of over 20%. Licheng's main growth source this year remains the recovery in demand for memory packaging and testing. Licheng previously anticipated that third-quarter revenue would show single-digit quarter-on-quarter growth, with the fourth quarter having the potential to exceed the third quarter. The momentum for memory orders is expected to continue until the end of the year, with a positive market outlook early next year. In addition to its core memory business, advanced packaging has become a key focus for the next phase, with panel-level packaging already adopted by U.S. customers. The P11 plant's capacity has been secured by clients, planning to enter the mass production phase of integrated ASIC and HBM AI chips by mid-2027. Jingyuan Electric has been actively expanding its high-end testing capacity in recent years, with AI-related products becoming an important driver of operations. The demand for testing AI GPUs, ASICs, and high-performance computing chips remains its main growth source. Siliga pointed out that the demand for AI and high-speed interconnects is strong, including increased demand for high-performance computing chips such as CPUs, GPUs, ASICs, and AI accelerators. After the completion of the cleanroom construction at the newly acquired Hukou plant in February, Siliga began mass production in July, currently achieving 40% of the plant's total capacity and gradually taking on new demands from foreign clients.
Korean Budget Office: Korean Won Stablecoin Could Save Merchants Up to $3.8 Billion Annually
ChainCatcher reports that the Korean National Assembly Budget Office released a report stating that the Korean won stablecoin could save Korean merchants between 370 billion to 5.15 trillion won (approximately $275 million to $3.8 billion) in payment processing fees annually. The report also warned that the widespread adoption of stablecoins could weaken banks' roles as credit intermediaries and disrupt token anchoring during large-scale redemptions, suggesting the introduction of reserve requirements, restrictions on stablecoin rewards, and enhanced regulation of tokens that could threaten financial stability. There are disagreements between the Bank of Korea and the Financial Services Commission regarding stablecoin issuance rights: the Bank of Korea prefers a bank-controlled issuer (holding at least 51% ownership), while the Financial Services Commission believes excessive restrictions could hinder innovation. Additionally, South Korea plans to expand the scope of tokenized securities by February 2027, with subsequent phases connecting blockchain-based securities markets with stablecoin payment infrastructure. A study released by the Bank of Korea earlier this month also found that directly trading dollar stablecoins with local currency on Binance could depress the local currency exchange rate.
Trump Claims Stock Trading is for America, Not Himself
ChainCatcher reports that U.S. President Trump posted on the social media platform Truth Social on September 6, stating that he has earned "hundreds of billions of dollars" for America through stock trading and holding various assets, adding, "I do this for our country, not for myself." The post also mentioned that the only response has been criticism from radical left "foolish Democrats." According to a previous report by Reuters, information from the U.S. Office of Government Ethics shows that Trump disclosed personal securities transactions totaling at least $220 million and up to about $750 million in the first three months of 2026. Annual financial documents released by the U.S. Office of Government Ethics indicate that Trump's total income in 2025 was at least $2.2 billion, far exceeding his income of about $622 million in 2024 before he returned to the White House. On the same day, Trump shared an AI-generated image showing him seemingly trading in the Oval Office, with Intel's stock price rising from $20 to $95. Last August, the U.S. federal government invested about $8.9 billion to purchase a 9.9% stake in Intel at a price of $20.47 per share; CNBC reported that on September 4, 2026, the company's stock closed at $95.80. A White House spokesperson stated that all stock trades under Trump's name are conducted by external financial managers, and Trump and his family have no control over specific trading decisions.
Data: ICP Rises Over 23%, MIRA Rises Over 11%
ChainCatcher reports that according to Binance spot market data, there has been significant market volatility. ICP saw a 24-hour increase of 23.12%, while MIRA rose 11.06% in the same period, reaching a new high today. Additionally, TRX hit a new weekly high with an increase of 5.21%. XPL also reached a new high today, with an increase of 6.21%. MUBARAK showed a "bottoming rebound" status, with an increase of 5.14%. Among other tokens, CHIP hit a new low today, with a decrease of 6.74%, while FIDA showed a "high and then low" status, also decreasing by 6.74%.
Moore Threads Stock Hits New Historical Low, Once Dropping Over 10%
ChainCatcher reports that on September 8, domestic GPU leader Moore Threads opened lower and quickly fell, dropping over 10% at one point, with the stock price hitting a new low of 371.17 yuan. As of the time of publication, it had dropped over 8%, reporting 380.76 yuan, with a latest market value of 179 billion yuan. Moore Threads experienced a 20% limit down yesterday, with its market value falling below 200 billion yuan. According to an announcement, on September 7, 25.7745 million shares from Moore Threads' initial public offering faced a lock-up expiration. Regarding the reason for the limit down on that day, a representative from Moore Threads' securities affairs department stated that it was a large lock-up expiration day for offline placement shares and urged investors to view it rationally, as the company's fundamentals remain normal.
Xiaopeng Robot Production Line Officially Launched, First High-End Humanoid Robot Rolls Off the Line
ChainCatcher reports that the Xiaopeng robot production line was officially launched today. The world's first high-end general-purpose humanoid robot completed automated assembly and autonomously walked off the production line, marking a key leap for Xiaopeng robots from research and development to production. This production line was independently designed and developed by Xiaopeng, deeply integrating the mature quality systems of the automotive industry with the precision manufacturing of humanoid robots, achieving an automation rate of over 80% in core processes. The Xiaopeng robot has 76 degrees of freedom and is equipped with three Turing AI chips, providing effective computing power of 2250 TOPS. The Xiaopeng robot is expected to officially enter large-scale production by the end of this year and be delivered in 2027.
Meme Popularity Rankings
According to meme token tracking and analysis platform GMGN market data, as of September 9, 08:47,
The top five popular tokens in ETH over the past 24 hours are: STOCKER, UNI, ASTEROID, KLIK, LINK
The top five popular tokens in Solana over the past 24 hours are: STONK, AGI, CRIMECAT, Mooncoin, OTC
The top five popular tokens in Base over the past 24 hours are: Basecat, VVV, STONKEX, FLOCK, SOL
What are some noteworthy articles to read in the past 24 hours?
SEC Gives Green Light for Fund Tokenization, Cathie Wood to Move ARK Fund Shares on Chain
The second phase is a pilot case period. ARK's application is the latest development in this line. The SEC has granted case-by-case exemptions, allowing ARK and other asset management institutions to explore broader on-chain share trading, testing practical issues such as secondary market circulation, peer-to-peer transfers, and compliance boundaries, accumulating experience for universal rules. The third phase is the framework implementation period. If future innovation exemptions are officially launched, more tokenized securities will enter the on-chain market within restricted scopes, and leading asset management institutions like Fidelity, WisdomTree, and BlackRock are likely to follow suit in expanding their tokenized fund product lines. Of course, all situations face variables: whether ARK's application can be approved, whether congressional legislation can advance, and when innovation exemptions will be implemented, each step carries uncertainty. Trends are gradually emerging; after assets are on-chain, shares will follow. The real industry watershed may only unfold after "shares go on-chain"…
The Liquid Network Theft Incident: How an Abnormal Minting Took Nearly 4,000 BTC
For users, the most immediate questions remain when Liquid services will resume and whether the remaining approximately 598.5 BTC can ultimately return to the Federation wallet. For Blockstream and Liquid, further explanations are needed regarding the specific causes of the vulnerability, affected software versions, the scope of repairs, and subsequent security measures. The return of 3,400 BTC alleviated Liquid's financial pressure, but the incident itself is not yet fully resolved. Until the details of the vulnerability, remaining funds, and network recovery plans are further confirmed, the complete answer to this incident remains to be filled in.
Biden's Son Announces Coin LAPTOP, Monetizing Scandal or Copying TRUMP's Script?
In terms of public chain competition, crypto KOL Eden believes that Hunter's entry this time has turned the laptop scandal into a personal brand, and this wave of celebrity coin issuance is shifting from Solana to Base, reflecting a migration of user habits. In his view, regardless of LAPTOP's final price, the Base chain has already captured traffic in this round of events. Essentially, the market consensus is that LAPTOP will not become the next TRUMP. The persona is discounted, there is no value capture, chips are concentrated, and the mechanism has not yet gone on-chain; these factors together determine that it is closer to a short-lived attention trade rather than a token experiment that can withstand long-term scrutiny.
Can Token Buybacks Make Tokens Valuable?
"If value derives from the functionality of the network itself, then assets appear like commodities; but if value is built on the project team's efforts in delivery, marketing, or providing returns to holders, then it has become a security. Ultimately, don't dress tokens in the clothing of stocks and expect them to still be commodities." At the end of the day, crypto investors want to know what lies beneath the tokens: revenue, users, sustainable economic models, and some credible way for tokens to benefit from these elements. Although buybacks may provide a solution, they could also just be another form of financial engineering that makes tokens appear more valuable than they actually are, as Gavryliak stated: "If buybacks stop, will there still be a reason to hold this token? If the answer is no, then the problem is deeper than token economics."
Goldman Sachs Bullish on Robinhood: Rothera's Highest Valuation Could Reach $19.5 Billion
Rothera provides a new support for Robinhood's valuation, but its investment logic still relies on the premise of sustained high growth. Whether trading volume can be maintained, whether external brokers are willing to join, whether non-sports contracts can scale, and whether regulations allow products to continue expanding will determine where Rothera ultimately falls within the $1 billion to $19.5 billion valuation range. What can be confirmed at this point is that the prediction market has gradually become an important variable affecting Robinhood's revenue expectations and valuation framework due to a new product. Whether Rothera can convert short-term trading enthusiasm into a stable liquidity network will be key to whether Robinhood's next stage of growth narrative can hold.
Ethereum Plans to Allow Stablecoins to Pay Gas, Will ETH Be "Abandoned"?
For ETH, this is a structural migration "from retail holdings to institutional holdings." Total demand may not necessarily decline (and may even increase due to improved user conversion rates), but the profile of holders will fundamentally change. Previously, millions of ordinary users held small amounts of ETH individually; in the future, dozens of Paymasters and wallet operators will concentrate large amounts of ETH. This means that the price formation mechanism of ETH will also change. Dispersed retail purchases are like a light drizzle, continuous but weak, and will not create price shocks; concentrated institutional purchases are bulk orders that may create more significant buying pressure during peak Gas demand periods, but may also lead to more concentrated sell-offs during demand troughs. The volatility structure of ETH may thus change, becoming more similar to the wholesale pricing model of commodities.
Castle Labs: Three Solutions to the Fixed-Rate Lending Liquidity Dilemma
These users need not only liquidity but also clear and fixed financing conditions. We expect competition in the fixed-rate lending sector to continue intensifying, with more new solutions emerging to expand market size. Currently, the adoption rate of fixed-rate lending remains low, with floating-rate lending still dominating the market. However, the goal of these products is to enlarge the entire market, as they can serve many scenarios that existing DeFi lending cannot cover. Additionally, these products are attempting to address the issues faced by early protocols while having stronger distribution capabilities, as their corresponding floating-rate lending products are already relatively mature. For example, funds in the floating-rate market can be quoted in the fixed-rate market while continuing to earn returns and maintain capital efficiency. As these products gradually mature, a large number of previously unattainable strategies may emerge in the market, forming new growth in the lending sector.
For today's outbound enterprises, "transferring money out" is no longer the biggest challenge. The real challenge lies in how to seamlessly integrate local collection, compliance risk control, and fund management into a unified system while deploying in dozens of markets simultaneously. PhotonPay relies on a global service network, payment licenses, and compliance qualifications in mainstream countries and regions to deeply integrate global accounts, foreign exchange management, global distribution, and embedded finance products. With a comprehensive risk control system and a top-tier banking partnership network, PhotonPay provides a high payment success rate and rapid settlement experience while ensuring fund safety and compliance. Unfazed by market complexity, there is no need to compromise between "business growth" and "safety compliance." PhotonPay will continue to enhance global payment and fund management capabilities, accompanying cross-border enterprises to walk steadily and far, winning the infinite potential of emerging markets.
Risk warning
