The $320 million hack of the Bitcoin-linked Liquid Network is another dent to crypto’s reputation as the industry tries to convince banks and institutional investors that digital assets can become part of mainstream financial infrastructure. According to Bloomberg, the hack comes as the industry seeks to persuade banks and institutional investors that digital assets can become part of mainstream financial infrastructure.

Canada imposed tariffs of 15% to 50% on hundreds of US products on Tuesday, according to Bloomberg, as Prime Minister Mark Carney bets that standing up to President Donald Trump will eventually strengthen Ottawa's hand with its biggest trading partner. Carney's government raised the import tax on many US steel items to 50% from 25% and applied levies to consumer goods including motorcycles, cosmetics and cheese from 12:01 a.m. New York time. The measure will hit US exporters hardest in states such as Michigan and Ohio, which do heavy business with Canada and host closely fought races in November's midterm elections. It is a calculated risk for Carney, who a year ago removed many of the counter-tariffs his predecessor Justin Trudeau had put in place. Trump administration officials have repeatedly said they will not tolerate retaliation, noting that only Canada and China have used counter-tariffs, and have declined to specify how or when Trump might respond. Brian Clow, a former senior Canadian adviser on US relations under Trudeau, said the retaliatory tariffs are meant to make the trade war's cost real enough for American businesses and consumers that Washington sees an incentive to return to the table — adding that Canada wants the trade war to end, not to wage one. The clash follows the collapse of weeks of talks that had appeared close to a deal; Trump announced a preliminary agreement on Aug. 18, but it fell apart within days, prompting mutual recriminations. Treasury Secretary Scott Bessent compared Canada to a "little yippy dog," while Trump called the currency imbalance "unacceptable" and threatened to bar sales of Bombardier jets in the US, despite the company's more than 2,800 US-based suppliers. US tariffs of 50% on about $20 billion of Canadian goods took effect Aug. 22, with Canada's counter-tariffs targeting a roughly equal amount. US Trade Representative Jamieson Greer has signaled more tariffs and even import bans are possible. Public opinion favors Carney's stance, with a Nanos Research poll for Bloomberg finding nearly three-quarters rated his handling of the trade file as good or very good. Oxford Economics estimates the combined effect of US tariffs, Canadian retaliation and related federal support will cut Canadian output by about 0.3% from baseline. After the talks collapsed, Trump said he would raise auto tariffs to 50% from 25% and impose a 50% rate on auto parts from Jan. 1, though he has not formally implemented them. Carney said his government seeks a "durable" agreement and is ready to deal when the US is, but will not sign unless Canada's automotive, steel and aluminum industries stay competitive. House Speaker Mike Johnson also called for talks to resume.

Yip's Chemical Holdings (00408) Chief Executive Yip Kwan said the group will pursue dual-track growth through organic expansion and acquisitions, and may consider share buybacks if cash flow remains healthy, according to ETNet. He said the company is in the middle of a transformation and is actively exploring M&A opportunities, with a focus on environmentally friendly and new-energy companies with high technical content. Yip added that future acquisitions will centre on traditional industries and electronic materials, while the group continues to incubate its battery UV insulation coating and application equipment business. Yip also said the group will use the momentum in industrial coatings and resins in the second half of the year to support steady growth, seek technology-driven acquisitions, accelerate the development of coatings technologies linked to the new-energy sector, and explore coatings segments with higher technical barriers. He added that the Vietnam coatings plant will serve as a base for steady expansion in the ASEAN market. In the inks business, Yip said the group will continue to leverage its competitive edge in packaging and printing inks to expand market share and reinforce the market leadership of Bauhinia Ink. The management team has also begun looking for acquisition targets in the ink sector that have high technical barriers to broaden the product line and add new growth drivers.

Catcher Predict reported sharp volatility in the Polymarket submarket for the MIBR vs. TheMongolz match, where the TheMongolz option in the map 1 handicap market moved from 33.5% one hour ago to 50% currently. According to ChainCatcher, the change represents a 16.5 percentage-point swing, and users were advised to watch for the impact of breaking news.

China's bond futures mostly fell at midday on September 8, with the main 30-year contract up 0.03% at 116.500 yuan, while the 10-year, 5-year and 2-year main contracts fell 0.03%, 0.02% and 0.01% to 109.405 yuan, 106.440 yuan and 102.572 yuan, respectively. Jiemian News reported that China's central bank carried out a 500 billion yuan buyout reverse repo operation on September 7, matching the 500 billion yuan of three-month buyout reverse repos due in September. The article said the central bank also conducted no seven-day reverse repo operations in early September, while market participants viewed the move as an effort to avoid major market rates deviating too far below the policy rate corridor. Bocheng Futures said recent macro data showed weak domestic demand and that policy support for expanding demand could keep China's monetary and credit conditions biased toward easing over the medium to long term, supporting bond futures prices. It added that rising expectations for a U.S. Federal Reserve rate hike and the market's wait for the September policy meeting were limiting upside momentum, and said bond futures may trade in a range in the short term. In ETF trading, Bosera 30-Year Treasury Bond ETF turned over 3.19% intraday on volume of 688 million yuan. As of September 7, its average daily turnover over the past year was 2.873 billion yuan. The ETF's latest size reached 21.541 billion yuan, a one-year high, and its latest share count rose to 198 million shares, also a one-year high. It has recorded net inflows for four straight days, with the largest single-day inflow at 197 million yuan and cumulative inflows of 567 million yuan over the period.

According to Jin10, this round of European natural gas trading has formed a clear chain: higher gas prices push up inflation and bond yields, while banks and energy stocks benefit and industrial stocks come under pressure. If gas prices break above 100 euros per megawatt-hour, this divergence could accelerate further.

According to Jin10, Australia’s S&P/ASX 200 index closed down 92.70 points, or 1.03%, at 8,918.20 on September 8, Tuesday.

According to Jin10, Hong Kong application software stocks continued to fall sharply, with Zhipu (02513.HK) dropping more than 12%, MiniMax (00100.HK) falling more than 8.5%, and Weimob Group (02013.HK) and Haiqing Zhiyuan (01392.HK) both declining more than 5%.

TradFi's foray into blockchain doesn't necessarily mean creating a serious financial hub first. Getting the blockchain active first, and then embedding its own assets into speculative activities, might be faster than "complying first and then waiting for people to come."

While the outcome should be positive, some "old" blockchain infrastructures actually require increased vigilance.

Real trading volume, token retention rate, pool depth, creator revenue, and overall liquidity of the Stock Token. Only if these metrics continue to grow will the PAIR story truly begin.

Hunter Biden, son of former US President Joe Biden, announced that he will launch a meme coin on the Base blockchain called $LAPTOP.

Priority recipients include water utilities, electricity providers, state and local governments, community banks, nonprofits and open-source maintainers

The Philippines is tightening its grip on the crypto industry again, with the country’s central bank imposing stricter standards for token listings and effectively shutting privacy coins out of compliant local exchanges.

RWA, DeFi, Crypto Funds, Blockchain, Debonded Funds: Splitting the Model, Funds, and Computing Power Machines (Jinse Finance) – This involves separating the model, funds, and computing power machines.

Liquid Network recovered 3,400 BTC worth about $269.2 million after hackers exploited a vulnerability and drained 4,000 BTC. The attackers kept around 598.5 BTC worth about $47 million, leaving Liquid’s services paused and questions over the remaining funds.

Artificial intelligence, chips, computing power, and Moore's Thread cannot avoid the "unrestricted share release wave." Golden Finance reports that the "unrestricted share release" has become an unavoidable hurdle for Moore's Thread.

Why did Biden's son launch Meme Coin? What's the scheming behind it? Golden Finance: This is a meticulously planned move, not a spur-of-the-moment decision.