Headline
▌Former US President Biden's Son Plans to Launch Meme Coin LAPTOP
According to the Wall Street Journal, Hunter Biden, son of former US President Joe Biden, will launch a meme coin named LAPTOP, named after his laptop incident, scheduled to launch 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 6 months and fully unlocked within two years. Another 20% of the tokens will be airdropped in two batches to users who lost money on Trump's meme token, Trump (Trump), Hunter Biden's Substack subscribers and their friends, and users of the mailing list maintained by video journalist Andrew Callaghan. The remaining 20% will be used for charitable donations, liquidity and distribution to exchange partners and market makers, and to cover the token foundation's accounting, legal, administrative, and compliance costs. The founding team has also agreed to a burning mechanism based on 30 pre-set events. If these events achieve the pre-set results within a specified timeframe (such as the Democratic Party winning the 2028 presidential election, Bitcoin reaching a new all-time high, or LAPTOP's fully diluted valuation exceeding that of Trump), up to 30% of the token supply can be burned; if these events do not occur, the tokens will be donated to charity proportionally. The report points out that Hunter Biden has recently been frequently appearing on podcasts, news programs, and writing Substack articles, discussing his views on cryptocurrencies and commenting on the controversy surrounding the Trump family's crypto project, World Liberty Financial, and Justin Sun. On September 7th, Changxin Memory officially announced on its WeChat account that its self-developed LPDDR6 chip has achieved mass production and commercial use, debuting in the Xiaomi 18 Fold foldable flagship phone. This marks the first time globally that LPDDR6 products have been commercially deployed in a flagship smartphone. The chip has a capacity of 16GB, a maximum transmission rate of 12800Mbps, and a speed of 10667Mbps when paired with a SoC, providing ample data bandwidth to meet the stringent computing power requirements of flagship smartphones and high-performance terminal devices. As of press time, according to CoinGecko data: BTC price is $79,030.44, a 24-hour change of -1.3%; ETH price is $2,486.21, a 24-hour change of -1.0%; BNB price is $739.23, a 24-hour change of -1.8%. The price of SOL is $103.77, a 24-hour change of -2.3%; the price of DOGE is $0.09046, a 24-hour change of -0.4%; the price of XRP is $1.39, a 24-hour change of -2.6%; and the price of ZEC is $1137.60, a 24-hour change of -9.3%. The price of TRX is $0.3342, a 24-hour change of -0.6%; the price of WLFI is $0.05641, a 24-hour change of -0.7%; and the price of HYPE is $85.09, a 24-hour change of -3.1%.
Policy
▌UK FCA Considering Relaxing Ban on Financial Prediction Markets
On September 7th, the UK Financial Conduct Authority (FCA) began discussions with several trading platforms regarding a possible relaxation of the ban on financial prediction markets for retail investors, which has been in place since 2019. The FCA previously considered prediction contracts linked to financial events and certain weather events as binary options and prohibited their sale to retail investors since 2019. However, as UK consumers increasingly turn to overseas platforms such as Kalshi and Polymarket, the agency is considering relaxing the restrictions, while its public stance remains one of supporting maintaining the ban.
Policy
▌UK FCA Considering Relaxing Ban on Financial Prediction Markets
▌Ministry of Industry and Information Technology: Orderly Deployment of Intelligent Computing Clusters with 10,000 or More SIM Cards; Increased Efforts to Adapt to Domestic Computing Chips
On September 7, the Ministry of Industry and Information Technology issued the "15th Five-Year Plan for the Development of the Information and Communication Industry." It mentions improving the development level of computing power facilities. Accelerating the construction of a national integrated computing power network, building a multi-level computing power facility system of "hub-region-edge," orderly deploying intelligent computing clusters with 10,000 or more SIM cards, deploying inference computing power facilities on demand according to specific scenarios, and increasing efforts to adapt to domestic computing power chips. Deepening automated monitoring and supply-demand matching of computing power to improve the utilization rate of computing power resources. Strengthening the research and application of key common technologies for computing power, exploring forward-looking research and ecosystem cultivation of space computing power technology, continuously improving the construction of computing power standards and evaluation systems, and deeply implementing the computing power foundation-strengthening challenge.
▌Brazilian Banks Expand Crypto Services, Regulatory Framework Takes Shape
On September 8th, Brazilian banks are expanding their crypto asset services to customers. According to Folha de S. Paulo, Itaú, Brazil's largest asset management bank, now offers 15 crypto assets, including Bitcoin, Ethereum, and the USD stablecoin USDC, through its investment app. Nubank, Brazil's largest fintech company, offers 28 crypto assets. Banco do Brasil, Brazil's most profitable state-owned bank, has seen transaction volumes exceed 11 million reais (approximately US$2.1 million) since launching direct Bitcoin and Ethereum purchase services in January of this year. However, customers' 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 a record-breaking growth in the Brazilian crypto market. According to data from the Brazilian Federal Revenue Service (Receita Federal), Brazilians transferred 505.5 billion reais (approximately US$98.7 billion) via cryptocurrency in 2025, more than five times the amount in 2020, with corporate transactions accounting for 98.3%. This move by banks coincides with regulatory implementation. Brazil passed the "Virtual Asset Legal Framework" in 2022, granting regulatory power 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, with a compliance deadline of October 30, 2026.
Blockchain and AI Applications
▌ByteDance Plans to Launch Real-Time Spatial Video Generation AI Model
According to Bloomberg, ByteDance is preparing to launch an artificial intelligence model for real-time spatial video generation, with applications covering robotics and autonomous systems, and will compete with companies such as Meta and Alphabet. Sources say that ByteDance founder Zhang Yiming is personally overseeing the model's development, coordinating multiple business units within the company, and investing AI resources and computing power. The model could be released as early as next month, but the exact timing is still subject to change.
Blockchain and AI Applications
▌ByteDance Plans to Launch Real-Time Spatial Video Generation AI Model
▌Ministry of Industry and Information Technology: Cumulative Investment in Information Infrastructure to Reach 3.8 Trillion Yuan by 2030, Intelligent Computing Power to Reach 9800 EFLOPS
On September 7th, the Ministry of Industry and Information Technology issued the "15th Five-Year Plan for the Development of the Information and Communication Industry." The plan lists 13 major indicators, including that by 2030, the revenue of the information and communication industry will reach 4.1 trillion yuan, the cumulative investment in information infrastructure will reach 3.8 trillion yuan, the average annual growth rate of telecommunications business volume will be 7%, the number of 5G (including 5G-A) base stations per 10,000 people will be 50, the intelligent computing power will reach 9800 EFLOPS (100 quadrillion floating-point operations per second), and the 5G (including 5G-A) user penetration rate will reach 95%, etc.
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▌Changxin Technology: Possesses the Ability to Compete with Major International Manufacturers
On September 7th, Changxin Technology executives responded to questions regarding cooperation with Apple and the profitability of LPDDR6 products at the 2026 interim results briefing, stating that the company's products have the ability to compete with major international manufacturers in terms of performance, quality, and supply stability. Specific customer and business cooperation details are subject to the company's publicly disclosed information. Furthermore, the LPDDR series is one of the company's important product lines, and the company continues to invest in R&D in this field, constantly improving product performance and reliability. This initial launch of LPDDR6 is a representative achievement of the company's collaborative innovation with partners in the Chinese technology industry chain. Information regarding mass production arrangements and profit contribution is subject to the company's publicly disclosed information.
... Zhihu plans to invest RMB 1.5 billion in an AI and cutting-edge technology industry fund. Zhihu announced that its wholly-owned subsidiary has entered into a subscription agreement with the general partner and fund manager to subscribe for RMB 1.5 billion in limited partnership interests in the fund using its own funds. Following the completion of the subscription, Zhihu expects to hold no more than 30% of the fund's equity. The fund will have a duration of 7 years (extendable by up to two years) and an investment period of 4 years. It will primarily invest in early- to mid-stage unlisted companies in the artificial intelligence and cutting-edge technology sectors in mainland China, covering basic models, AI infrastructure, robotics, and AI applications.
▌Ethereum Foundation Releases Ratings for 62 EIPs in Hegotá Upgrade, Aiming for Quantum-Resistant Ethereum L1 by the End of 2029
On September 7th, the Ethereum Foundation (EF) announced that Protocol Cluster has released two new articles providing a systematic evaluation of the next network upgrade, Hegotá. The "Hegotá EIP Opinion Post and Tier List" evaluates and grades 62 currently proposed EIPs, marking the first time the team has released a unified EIP rating list for a single network upgrade. Approximately 60 researchers, engineers, and domain experts from nine teams within Protocol Cluster participated in the review, submitting 397 rating opinions and engaging in live discussions on controversial proposals. The accompanying article outlines the current and future key directions for the Ethereum protocol layer, with a core objective being to achieve quantum resistance in Ethereum L1 by December 2029.
The Ethereum Foundation stated that the aforementioned upgrade plan, long-term commitments, and shared priorities at the cluster level provided the background for finalizing the scope of the Hegotá upgrade and its EIP rating. Furthermore, Protocol Cluster will host an AMA on the r/ethereum community on Reddit at 14:00 UTC on September 16th to discuss topics such as the Hegotá EIP rating and protocol development priorities. Cryptocurrency ▌Yunfeng Financial, indirectly owned by Jack Ma, has been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs. On September 7th, Yunfeng Financial, indirectly owned by Jack Ma, announced that it has been included in the list of eligible securities for the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, effective from September 7th, 2026. Following inclusion, eligible mainland Chinese investors will be able to trade the Group's shares listed on the Hong Kong Stock Exchange through domestic securities companies via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, providing a more convenient channel for mainland investors to invest in the Group's shares. Previously, Yunfeng Financial disclosed that it had cumulatively purchased 10,000 ETH on the open market, with a total investment cost (including fees and expenses) of US$44 million. The purchase funds came from the Group's internal cash reserves, and the purchased ETH is listed as an investment asset in the Group's financial statements. Yunfeng Financial also stated that, in addition to Ethereum, it plans to explore including diversified mainstream digital assets such as Bitcoin (BTC) and Solana (SOL) in the company's strategic reserve assets.
▌Strategy Ranks Fourth Among US Equity Issuers in 2026 with a $20.9 Billion Equity Offering
On September 7th, according to Bitcoin News, Strategy ranked fourth among US equity issuers in 2026 with a $20.9 billion common and preferred stock offering, behind only SpaceX, Alphabet, and Intel. The latest 8-K filing shows that Strategy raised $602.8 million in net financing through MSTR between August 24th and 30th, of which $369.7 million was used to purchase Bitcoin. As of August 30th, Strategy held 845,050 BTC, having previously increased its holdings by 4,603 BTC. MSCI's consultation on the digital asset vault will end on September 30th.
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▌US CFTC Asks Court to Dismiss CME's Lawsuit Against Kalshi Bitcoin Perpetual Futures
On September 8, the US CFTC requested the Washington, D.C. court to dismiss CME's lawsuit against Kalshi's Bitcoin perpetual futures. Kalshi's cash-settled BTCPERP was approved on May 29, with no expiry date and a funding rate that tracks the spot price. CME argues that contracts without a settlement date and with continuous payments are swaps, not futures; the CFTC, however, calls the matter "making a mountain out of a molehill," pointing out that CME could also list similar products, and that CME's Bitcoin futures trading volume in June and August was higher than in May. CME is required to submit a response by October 2.
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▌Galaxy Research: Bitcoin Transaction Count Reaches Fourth Highest in History Yesterday
On September 8th, Galaxy Research published an article on X stating that yesterday's Bitcoin daily transaction count reached 893,391, the fourth highest in Bitcoin's history, exceeding the 99th percentile of its historical range.
▌Solana to Increase Transaction Limit to 4096 Bytes, More Than 3 Times the Capacity
Solana plans to activate Transaction v1 this Wednesday, increasing the maximum transaction size from 1232 bytes to 4096 bytes, more than 3 times the previous capacity. After the upgrade, complex operations that previously required splitting into multiple transactions are expected to be integrated into a single transaction, including large-scale cryptographic proofs, multi-signature payments, and some privacy transfers.
... Transaction v1 is already running on the Solana testnet and development network. Existing transaction formats can continue to be used, and wallets and applications only need to upgrade if they require more transaction space. However, the on-chain data services that block explorers, wallets, and transaction applications rely on need to adapt to the new format; otherwise, they may not be able to correctly read transaction and priority fee information. This upgrade aims to alleviate the structural limitations imposed by Solana's long-standing 1232-byte transaction limit, further enhancing its ability to handle complex applications. The 4096-byte limit is based on the common 4KB memory page size of validator hardware, to avoid increasing network and validator node processing costs due to excessively large single transactions.
▌Liquid "White Hat Hacker" Returns 3400 BTC, About 600 BTC Still Unrecovered
On September 8th, according to Bitcoin News, Liquid Network has received the return of approximately 3400 BTC after suffering an attack that resulted in the loss of about 4000 BTC. About 600 BTC remain unrecovered. It is understood that this return occurred after an on-chain negotiation. The attacker, who previously claimed to be a "white hat hacker," stated that he would return the stolen Bitcoins after Blockstream fixed the relevant vulnerabilities. The situation is still developing.
▌Arthur Hayes Releases FLOP Yellow Paper, Tokens Planned for Airdrop
On September 7th, Arthur Hayes released the yellow paper for his new project, FLOP, on social media.
FLOP is a Proof-Useful Inference (PoUI) blockchain and its native currency for agent economies. AI agents can use FLOP to pay miners for inference fees. The network adopts an architecture combining PoUI and an account-based chain. Agents submit session requests to the mempool, including model weight hashes, maximum latency, computational cost, confidentiality flags, and fees. Miners complete the inference and return proofs, and validators include the proof hashes in the block to complete settlement. The genesis supply of FLOP is approximately 2.48346 billion, all airdropped, with no VC pre-mining or auctions. The initial reward distribution is 75% for miners, 10% for validators, 10% for agents, and 5% for regular stakers. The network's average block time is 1 second, with a roadmap goal of sub-second block times. The initial block reward is 96 FLOP, halving every 730 days for a total of five halvings, after which it will permanently remain at 3 FLOP. The validator pool is capped at 1,000 members, with approximately 50 rotating monthly based on verified work and online activity. Miners and validators must stake FLOPs, and malicious behavior may result in penalties ranging from full forfeiture to bans. Governance is conducted through FLOP improvement proposals, which typically require approval from two-thirds of active validators. On September 8th, Hunter Biden, son of Joe Biden, announced detailed token economics for his upcoming Meme coin project, scheduled for release on September 9th. The announcement stated that LAPTOP has a total supply of 1 billion tokens, with 35% (350 million tokens) unlocked at TGE, and full unlocking taking 36 months.
▌Biden's Son's Meme Coin LAPTOP Warns Community Against Counterfeit Tokens and Malicious Links
On September 8th, Hunter Biden, son of former US President Joe Biden, issued a statement reminding the community to be wary of counterfeit tokens and malicious links. The LAPTOP project team will not proactively contact users, nor will it ever request private keys, mnemonic phrases, or personal information. Please only trust communications from official channels.
▌Garrett Jin Whale Closes $107 Million BTC Long Positions
On September 7th, according to Ember Monitoring, Garrett Jin-affiliated whales just closed out 1,331 BTC long positions, worth approximately $107 million. This position was held for about three and a half months, realizing a profit of approximately $1.02 million.
... Currently, its main holding is a short position of 39,760 ZEC, worth approximately $47 million, with a floating loss of approximately $24 million.
▌Circle has issued approximately 3 billion USDC on the Solana chain in the past 24 hours
On September 7th, according to SolanaFloor monitoring, Circle issued approximately 3 billion USDC on the Solana chain in the past 24 hours.
**Important Economic Developments** Goldman Sachs Significantly Raises Optical Module Market Forecast: Market Size May Approach $150 Billion in 2028 On September 7th, Goldman Sachs significantly raised its industry forecast in its latest global optical module report, predicting that the global optical module market size will reach approximately $67.7 billion, $131.4 billion, and $148.5 billion in 2026, 2027, and 2028, respectively, representing upward revisions of 33%, 81%, and 115% from previous forecasts. Goldman Sachs believes that this upward revision is not simply due to the increase in the number of AI servers, but more importantly, the continued migration of AI server architecture to high-speed networks, coupled with the increased number of optical modules required for a single GPU or ASIC chip, driving rapid growth in demand for 800G, 1.6T, and even 3.2T.
▌Tariff Expectations Ignite Surge: LME Copper Prices Hit Record High
On September 7, copper prices surged to a record high on the London Metal Exchange, boosted by weeks of gains fueled by market expectations that Trump would extend US tariffs to refined metal imports. LME benchmark three-month copper futures rose as much as 0.8% to $14,533 per tonne, breaking the record set in January. Copper prices have risen 17% over the past year, supported by a long-standing supply-demand mismatch—a backdrop against which aging large mines worldwide are struggling to keep up with demand from data centers, renewable energy, and the power grid, a backdrop against which copper bulls have been bullish for years. However, short-term factors have become the focus, especially the hundreds of thousands of tons of copper shipped to the US this year by traders seeking to profit from higher prices. About two months after the US Commerce Department submitted its recommendations to the White House, the market is still pricing in the possibility of tariffs.
▌The People's Bank of China Increases Gold Reserves for the 22nd Consecutive Month
On September 7th, China's gold reserves at the end of August were 76.73 million ounces (approximately 2386.57 tons), an increase of 650,000 ounces (approximately 20.22 tons) month-on-month. The People's Bank of China has increased its gold reserves for the 22nd consecutive month.
▌UBS: Expects the Federal Reserve to Raise Interest Rates by 25 Basis Points Each in September and December 2026
On September 7th, UBS Global Wealth Management: Expects the Federal Reserve to raise interest rates by 25 basis points each in September and December 2026 (previously, the forecast was for no policy change).
▌60.4% Probability of Fed Rate Hike in September
On September 8th, according to CME's "FedWatch": the probability of the Fed maintaining interest rates unchanged by September is 39.6%, and the probability of a cumulative rate hike of 25 basis points is 60.4%. The probability of the Fed maintaining interest rates unchanged by October is 29.1%, the probability of a cumulative rate hike of 25 basis points is 54.9%, and the probability of a cumulative rate hike of 50 basis points is 16.1%.
Golden Encyclopedia
▌Can Bitcoin Still Be Called "Digital Gold" Under Geopolitical Crises?
Every time there is a geopolitical crisis, gold prices rise while Bitcoin prices plummet. After six tests, the claim of "digital gold" has never been confirmed by data.
Countries hoard gold but exclude Bitcoin from their reserves. For investors, Bitcoin exhibits an asymmetry: it falls with stocks but doesn't rise with them. Three structural asymmetries prevent Bitcoin from achieving safe-haven status: an overabundance of derivatives (market structure), the dominance of leveraged traders (participant composition), and a lack of repeatable behavioral records (behavioral accumulation). Bitcoin is not a safe-haven asset, but it is a "crisis-useful asset," capable of functioning when borders are closed and banks fail. If these three asymmetries narrow, Bitcoin may no longer be a replica of gold but a completely new "next-generation gold." Generational shifts and the widespread adoption of algorithms are key factors that could accelerate this process.