Crypto markets, regulation and corporate activity produced a heavy flow of updates over the past 24 hours. Donald Trump commented on his personal trading activity, Australia’s AUSTRAC detailed actions against 45 crypto and remittance businesses, and new family-office data put Changpeng Zhao-backed YZi Labs among the most active investors in August.
Two Prime CEO says Bitcoin’s rebound may have more room
According to CoinDesk, Alexander Blume, founder and CEO of crypto asset manager Two Prime, said Bitcoin’s recent rebound may still have room to run. His view is tied in part to positioning pressure on institutional investors that sold volatility. If prices keep rising, short covering could add fuel to the move.
Blume said the current market structure remains healthy and funding rates do not show signs of overheating. In his view, the rebound is not being driven by speculation alone. Continued spot ETF inflows and corporate buying are providing real support. Implied volatility has risen from 23%-24% to above 40, but he said that still looks low by historical standards. If call sellers are forced to close positions, the rally could accelerate.
He also said BTC appears to have bottomed near $60,000 if macro conditions remain stable. The biggest risk, he said, would be a broad collapse in risk assets. At the same time, widespread bearishness means even modestly positive developments could have a larger-than-expected effect.
On miners, Blume noted that MARA recently chose to borrow $600 million from Coinbase and Two Prime against its BTC holdings instead of selling coins outright, preserving upside exposure. He also pointed to diverging AI strategies among miners. Cipher Mining and TeraWulf have been more aggressive in shifting toward AI infrastructure, while CleanSpark and MARA are exploring AI and power opportunities while keeping their legacy businesses.
Blume added that he expects the Trump administration to push for rate cuts, and said changes to the PCE index could lower inflation readings and improve the rate outlook.
AUSTRAC revokes registrations for 45 crypto and remittance firms
Australia’s financial intelligence agency AUSTRAC said it canceled, suspended or refused to renew registrations for 45 cryptocurrency and remittance service providers over the past year as it tightened scrutiny of high-risk payment businesses.
The affected firms were cited for issues including inactivity, insolvency or lack of operating capability. AUSTRAC also pointed to failures to report major changes, incorrect registration information, and serious money laundering or terrorism financing risks.
AUSTRAC CEO Brendan Thomas said businesses whose registrations were canceled are not allowed to continue operating, and said some related individuals had been referred to domestic and overseas law enforcement or regulatory agencies. AUSTRAC specifically named BA Digital Ventures, which operated as GetCoins. Its virtual asset registration was canceled in June following customer complaints. The agency said the platform had allegedly been used by organized crypto investment scammers, and the action was carried out with the National Anti-Scam Centre.
The public VASP register also listed recent actions involving Cryptolink, Self Custody, Jam Xchange and Coinsec Australia. AUSTRAC has also opened an investigation into Western Union and suspended Cryptolink’s crypto ATM network.
Wintermute says crypto has absorbed hawkish data
Wintermute said in a market update that stronger-than-expected August nonfarm payroll data pushed the probability of rate hikes to nearly 60%. Bitcoin briefly pulled back from $82,400 but still finished the week up 3.45% and above $80,000.
The firm said spot Bitcoin ETFs recorded $987 million in net inflows, the third straight positive week, bringing the running total to nearly $3.8 billion. In its view, that shows crypto has held up through hawkish macro data.
Wintermute also said Bitcoin is down about 50% from its peak, much less severe than the drawdowns of more than 75% seen at similar stages in 2018 and 2022. That, it said, reflects earlier participation from ETFs and institutional capital in this cycle. The firm’s broader read is that capital is moving from equities and gold into crypto assets, setting up the conditions for a new cycle.
It highlighted $82,000 as a key level that needs to be cleared, while $72,000 is the level that would signal a change in trend. A vote on the CLARITY Act, CPI data and the FOMC meeting all arrive next week, and Robinhood Chain’s gas subsidy ends in late September. Wintermute said a break below $72,000 combined with clearly negative ETF flows would warrant a reassessment.
Weekly net Bitcoin buying by listed companies falls 48%
SoSoValue data showed that, as of 8:00 a.m. Eastern Time on Sept. 8, 2026, global listed companies excluding miners posted total net weekly Bitcoin purchases of $267 million, down 48% from the prior week. Strategy, formerly MicroStrategy, did not buy Bitcoin last week. Japan-listed Metaplanet also made no purchase, extending its no-buy streak to eight weeks.
Eight other companies disclosed Bitcoin purchases or updated holdings during the week:
- Japan-based energy investment company Remixpoint said that as of Sept. 4, 2026 it held 1,506.23390097 BTC, with cumulative spending of $111.84 million, and that holdings increased by 2.48356398 BTC from non-purchase additions versus the previous week.
- Boyaa Interactive said it spent $14.3 million between June 24, 2026 and Sept. 4, 2026 to buy 205 BTC at $69,756.097561, bringing total holdings to 4,316 BTC.
- U.K.-based The Smarter Web Company said on Sept. 2 that it spent $2.72 million to buy 35 BTC at $77,708, lifting total holdings to 2,747 BTC.
- Bitcoin Treasury Corporation said on Sept. 4 that it held about 737.71 BTC in total, without disclosing aggregate purchase cost or average cost.
- U.K.-based BHODL said on Sept. 3 that it spent about $77,772.17 last week to buy 1 BTC, taking holdings to about 167.487 BTC.
- Bitmine said after 8:00 a.m. Eastern Time on Aug. 31 that it bought 1 BTC, without disclosing the purchase amount, bringing total holdings to 211 BTC.
- France-based Capital B said on Sept. 7 that it bought 376 BTC at $67,182, raising holdings to 3,521 BTC.
- Asset manager Strive said on Sept. 8 that it spent about $109 million last week to buy 1,375 BTC at $79,281, bringing total holdings to about 24,531 BTC.
On financing, Capital B said it raised another 7.6 million euros, or about $8.83 million, from investors and institutions including Adam Back to buy Bitcoin. BHODL said it had completed ATM 2, its second at-the-market program, selling 600,000 ordinary shares at an average price of 8.06 pence and raising £48,275, or $65,253.32, for Bitcoin purchases, while also launching ATM 3.
At the time of publication, the tracked global listed companies excluding miners held a combined 1,119,973 BTC, down 2.38% from the prior week. The holdings were valued at about $87.77 billion and represented 5.6% of Bitcoin’s circulating market capitalization.
Longsys lists in Hong Kong
Storage module maker Longsys debuted on the main board of the Hong Kong Stock Exchange under ticker 09976.HK, with an offer price of HK$236 per share, creating an A+H listing structure.
The company offered 26.0778 million H shares globally, including 2.6078 million shares in Hong Kong and 23.47 million shares internationally, with an over-allotment option attached. Each board lot is 50 shares, with an entry cost of about HK$12,151.32. Based on the top-end offer price of HK$240.60, net proceeds were estimated at about HK$6.02 billion.
Its prospectus showed revenue of 24.088 billion yuan in the first half of 2026, up 136.3% year over year. Gross margin rose from 11.0% a year earlier to 58.2%, while profit for the period reached 10.718 billion yuan, versus 41 million yuan in the same period last year.
MENA blockchain transaction volume reaches $350 billion
A new report from the Bitcoin Policy Institute said annual blockchain transaction volume in the Middle East and North Africa reached $350 billion in 2025-2026, more than triple the roughly $100 billion recorded in 2022, with the Iran conflict cited as a key driver.
The report said regional conflicts usually accelerate capital flight, but the Iran conflict produced a different pattern as more capital moved into digital assets. It said that highlighted the growing role of cryptocurrencies, especially Bitcoin, as a hedge against economic and geopolitical uncertainty.
According to the report, Bitcoin initially fell in line with other risk assets after the conflict began, then gained share as investors rotated out of higher-risk tokens and into BTC, pushing Bitcoin dominance to a one-month high of 64.8%. In Egypt, Turkey, Lebanon and Iran, currency depreciation has driven broader use of Bitcoin and dollar-pegged stablecoins as stores of value. At the same time, Gulf countries including the UAE and Bahrain are attracting crypto firms and institutional investors through regulatory frameworks.
Chainalysis data cited in the report showed that about $10.3 million left Iranian crypto exchanges between Feb. 28 and March 2 after U.S.-Israeli airstrikes. The report said crypto is increasingly serving as a tool for preserving and moving value outside the traditional financial system in countries facing sanctions, conflict or currency instability, while regulated Gulf markets continue to attract institutional capital.
YZi Labs ranks second among active family offices in August
Data provider FINTRX, cited by Jiaoban Xinzhi Dian, showed that family offices participated in 109 deals in August, with disclosed financing across those deals totaling $16.9 billion. Follow-on rounds, where family offices reinvested in companies they already backed, accounted for 27% of the transaction count. That suggests activity in sourcing and backing new opportunities was stronger than continued funding of existing portfolio companies.
The most active institution in August was a16z Perennial. Founded in 2022, it is a multi-family office within the Andreessen Horowitz ecosystem, providing wealth management and investment services for core partners Marc Andreessen and Ben Horowitz as well as entrepreneurs they support. As of the end of 2025, a16z Perennial had about $2.74 billion in regulatory assets under management. It took part in 17 deals in August, ranking first, and those rounds had a combined disclosed size of about $10.45 billion.
Second place went to YZi Labs, backed by Binance founder Changpeng Zhao. The firm manages more than $10 billion globally and invests across Web3, artificial intelligence and healthcare, covering startups at different stages. In August, YZi Labs participated in 10 deals, second only to a16z Perennial, and the financing rounds involved had a combined disclosed size of $42.1 million.
The disclosure also stressed that those dollar amounts refer to the total size of the relevant funding rounds across all investors, not YZi Labs’ own check size. Because family-office investing tends to be private, the exact amount contributed by any single family office in each deal is often difficult to determine.
Gold market watches U.S. inflation data
Gold prices slipped despite a weaker dollar as investors waited for U.S. inflation data for clues on Federal Reserve rate decisions. Naeem Aslam of Zaye Capital Markets said gold holding above the $4,400 area showed defensive demand was enough to offset pressure from a strong labor market. The market is balancing firm economic data that supports rate hikes against safe-haven demand tied to geopolitical uncertainty, with the focus shifting to U.S. PPI and CPI data due later this week.
Bit2Me launches Bit2Shield for law enforcement asset tracing
Spain’s largest crypto exchange, Bit2Me, said it has created a standalone company called Bit2Shield, registered as CryptoShield S.L., to help courts, police and financial institutions trace, seize, store and sell crypto assets.
The unit will support investigators in extracting wallet data, locating crypto assets and producing digitally signed forensic reports for court use. It will also handle fraud investigations, source-of-funds verification, and training for police, judges and banks. The move formalizes work Bit2Me had already been doing for public institutions.
In 2025, Bit2Me handled 1.5 million euros, or about $1.74 million, in seized crypto assets for Interpol, Europol and Spanish police, using Chainalysis to trace funds. Bit2Shield said seized assets will be stored in cold wallets requiring multiple signatures and sold when ordered by authorities, with euro proceeds transferred into government bank accounts.
The company described Bit2Shield as part of Bit2Me’s expansion from retail trading into infrastructure for banks and public institutions. Bit2Me’s investors include Bankinter, Unicaja, Cecabank, Telefónica and Tether. Because Bit2Shield focuses on investigations, forensics and training, it is not treated as a crypto service provider under the EU’s Markets in Crypto-Assets regulation. Any conversion of crypto assets into euros will be handled by Bitcoinforme S.L., a Bit2Me entity authorized under MiCA by Spain’s securities regulator.
Robinhood appears as IPO underwriter for the first time
The Wall Street Journal reported that smart ring maker Oura listed Robinhood as an underwriter in its IPO filing, marking Robinhood’s first formal appearance in IPO underwriting.
Oura’s offering is expected to value the company at more than $11 billion. Goldman Sachs, Morgan Stanley, JPMorgan, Allen & Co. and Jefferies are the lead bookrunners, while Robinhood ranks last among 18 underwriters. Robinhood received regulatory approval for underwriting business in June.
That role could give Robinhood more influence over how many Oura shares are ultimately allocated to its customers. Popular IPOs often prioritize institutional buyers, and retail allocations through brokerages often fall short of demand. Robinhood and Oura already had several ties. Oura invited former Robinhood finance chief Jason Warnick to join its board, and Robinhood’s closed-end fund launched in March also invested in Oura, which accounted for 3.64% of the fund’s assets.
Still, Georgetown finance professor Reena Aggarwal said Robinhood’s influence in the IPO underwriting market may remain limited in the early stage.
Brazilian banks expand crypto services as rules take shape
Brazilian banks are broadening crypto offerings for customers, according to Folha de S.Paulo. Itaú, the country’s largest asset management bank, now offers 15 crypto assets through its investment app, including Bitcoin, Ether and the dollar stablecoin USDC. Nubank, Brazil’s largest fintech, lists 28 assets. Banco do Brasil, the most profitable state-owned bank in the country, has handled more than 11 million reais, or about $2.1 million, in volume since it launched direct purchases of Bitcoin and Ether in January.
Those customer crypto trades do not sit on banks’ balance sheets. A March 2026 central bank document showed Brazilian banks held zero virtual assets on their books.
Over the past year, Itaú, Bradesco, Santander, Banco do Brasil and Nubank all expanded their crypto product lines as Brazil’s crypto market hit record size. Data from Brazil’s tax authority Receita Federal showed Brazilians transferred 505.5 billion reais, or about $98.7 billion, through cryptocurrencies in 2025, more than five times the 2020 figure, with corporate transactions accounting for 98.3%.
The expansion is happening alongside regulatory implementation. Brazil passed its Virtual Assets Legal Framework in 2022, giving the central bank authority over the sector. Three resolutions published in November 2025 require any institution that lets customers trade, hold or send cryptocurrencies to obtain licenses, meet minimum capital requirements and segregate customer accounts. The compliance deadline is Oct. 30, 2026.
Morpho expands Midnight fixed-rate lending to Ethereum
According to The Defiant, decentralized lending protocol Morpho deployed Midnight, its fixed-term, fixed-rate lending product, on Ethereum on Sept. 8, extending the product from Base to Ethereum. Ethereum users can now access USDC loans backed by WBTC or cbBTC.
Morpho co-founder Merlin Egalite said the Ethereum rollout starts with the "USDC | cbBTC" and "USDC | WBTC" markets and will expand gradually. Midnight differs from Morpho Blue in one core area: rate certainty. Blue uses open-ended loans with rates that change according to a formula. Midnight instead trades credit units at market prices with fixed maturities, letting borrowers lock in funding costs in advance and lenders lock in returns rather than take rates that shift every block. Lenders buy credit units below their 1:1 redemption value at maturity.
The largest potential source of capital for Midnight remains restricted, however. Morpho Vaults, which hold about $5 billion in deposits, can still allocate only to Morpho Blue markets until the DAO enables Midnight configurations. Morpho co-founder and CEO Paul Frambot said turning on Vault allocations would require just one DAO transaction, but he expects activation in the fourth quarter. At launch, Ethereum Midnight markets had about $7.41 million in deposits and about $2.63 million in outstanding loans.
Mistral AI raises 3 billion euros at valuation above 21 billion euros
French artificial intelligence company Mistral AI said it had completed a 3 billion euro Series D round at a post-money valuation above 21 billion euros. The company described it as the largest equity financing ever completed by a European tech company.
Samsung Electronics led the round, with EQT-managed Scaleup Europe Fund and existing investor PSG Equity acting as co-leads. New investors include Advent, funds and accounts managed by BlackRock, and the Grand Duchy of Luxembourg. Existing investors that also participated include a16z, ASML, Belfius, BNP Paribas CIB, Bpifrance, Carmignac, DST Global, Eurazeo, General Catalyst, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed, Nvidia, Phoenix Court’s Solar Fund, including LocalGlobe, Latitude and Solar, and Salesforce Ventures.
Mistral AI said the new capital will be used for frontier model research, compute and infrastructure expansion, commercialization and international growth. The company currently operates in 20 countries and serves more than 125 enterprise customers, including Airbus, ASML and HSBC.
Liquid attacker returns 3,400 BTC, about 600 BTC still outstanding
A self-described "white hat hacker" who withdrew about 4,000 BTC from Liquid Network returned 3,400 BTC, worth about $269.2 million by the figures cited in the report, to the sidechain’s federation wallet on Monday, recovering about 85% of the funds.
The incident began Sunday when a customer sent 4,000 L-BTC to SideSwap’s peg-out service. The attacker later identified themselves as a white hat in a Bitcoin transaction message and asked for the vulnerability to be fixed first. Blockstream then sent a signed message saying "bridge nodes patched, funds can be safely returned," after which the transfer back took place.
Even so, about 598.5 BTC, worth roughly $47 million, remains in related addresses. Ledger chief technology officer Charles Guillemet said he was skeptical of the white-hat description and argued that if this was a negotiated reward involving onchain cryptographic contracts, it looked more like extortion. Liquid has disabled bridge nodes and asked exchanges to pause L-BTC deposits and withdrawals, but it has not yet disclosed how the remaining funds will be handled or when full operations will resume.
Canaan reports second-quarter revenue of $31.9 million
According to PR Newswire, Canaan reported unaudited financial results for the three months ended June 30, 2026. 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. Product revenue was $13.6 million, mining revenue was $17.7 million, and other revenue was $0.6 million.
Cost of revenue was $61.2 million, resulting in a gross loss of $29.3 million. Operating expenses totaled $40.1 million, operating loss was $69.5 million and net loss came to $97.6 million. Adjusted EBITDA loss on a non-GAAP basis was $74.9 million. The company also recorded a $9.3 million loss from fair value changes in cryptocurrencies, $9.2 million in impairment of property, equipment and software, and a combined $25.3 million in inventory write-downs, prepayment write-downs and reserves tied to inventory purchase commitments.
Canaan’s self-mining installed hashrate excluding joint ventures stood at 10.05 EH/s, up 23.3% year over year, with all-in electricity cost of about $0.043 per kWh. It mined 243 BTC during the quarter. Crypto reserves stood at 1,915 BTC and 3,952 ETH. As of Sept. 8, 2026, the company had repurchased about 16.4 million ADSs for a total of $7.4 million. Its ABC project, in which it holds 49%, had installed hashrate of 4.85 EH/s as of the end of July 2026.
Hyperion DeFi raises guidance and launches $20 million buyback
Nasdaq-listed Hyperion DeFi said on Sept. 8, 2026 that it had increased its full-year 2026 guidance and launched a share repurchase plan of up to $20 million in common stock. The company describes itself as the first U.S.-listed DeFi company built on Hyperliquid.
Its full-year adjusted gross profit guidance was lifted from $5 million-$7 million to $7 million-$8 million. The company also said it now expects adjusted net operating cash flow to turn positive in the third quarter of 2026, earlier than its previous target of by the end of 2026. It further expects core operating earnings to turn positive in the third quarter, with adjusted gross profit from the core DeFi business exceeding stock-compensation-adjusted operating expenses for the first time.
For the third quarter, Hyperion DeFi guided to adjusted gross profit of $2 million-$2.5 million, operating expenses excluding stock-based compensation of $2 million-$2.25 million, and core operating earnings of $0-$0.5 million.
The board authorized repurchases of up to $20 million in outstanding common stock over a period of as much as 12 months through open-market purchases, privately negotiated transactions or block trades. The company said no specific amount is guaranteed and the plan may be extended, suspended or terminated at any time. CEO Hyunsu Jung said recent acceleration in the DeFi business could allow the core business to reach break-even on both profit and cash flow in the third quarter, and said HYPD common shares recently traded at about a 20%-30% discount to net asset value.
Tom Lee points to tokenization and Agentic AI as possible Ethereum catalysts
According to PRNewswire, Bitmine chairman Tom Lee said ETH/BTC has historically risen in crypto bull cycles when Ethereum usage grows relative to Bitcoin. He cited NFTs in 2020-2021 and stablecoins in 2025 as earlier catalysts that drove greater Ethereum adoption.
Looking ahead, Lee said the next cycle could be supported by Wall Street tokenizing assets and deploying them on blockchains, along with Agentic AI applications using blockchains. In his view, both could push the ETH/BTC ratio higher.
Lee also said ETH has been the best-performing macro asset since the start of the third quarter of 2026, outperforming the S&P 500 by 5,430 basis points as of last Friday. Since June 30, the three best-performing assets have been ETH, BTC and SOL. He said crypto’s sizable excess returns versus other macro assets so far in the third quarter could attract further institutional allocation.
He added that several positive catalysts are lining up for the final months of 2026, including an expected mid-September vote on the CLARITY Act, renewed crypto buying by South Korean investors shifting away from AI stocks, and what he described as a four-year cycle that should bottom in coming weeks. He said those factors could help pave the way for a larger wave of institutional inflows later in 2026.
Cronos rolls back chain history after Tectonic exploit
Cronos said in a post-incident report that the Aug. 30 attack on lending platform Tectonic involved $120.4 million in borrowing activity. Validators chose to roll back onchain history and recovered about $111.2 million, or around 92% of the affected funds. About $9.19 million had already left before the network pause and was not recovered.
The attacker used thin DEX liquidity over a matter of minutes to push the price of Tectonic token TONIC up by roughly 100x, then borrowed $120.4 million across nine markets in a single transaction. Validators paused the network roughly two hours later and restored the chain to the last block before the suspicious activity. Block production resumed about 11 hours after the attack.
The rollback reversed 1 hour and 54 minutes of chain history, covering 10,961 blocks. Every transaction in that window was canceled, whether related to the exploit or not. Cronos said the alternative would have been restarting the network without restoring the prior state, which would have left the stolen assets with the attacker.
The move came shortly after Harmony announced a similar plan, while Flow abandoned a rollback proposal last December after community opposition. Cronos has a validator cap of 100, allowing fast coordination to pause and restart the chain, but also showing that finality on the network depends on validator consensus in emergencies.
Circle signs final agreement to acquire Tazapay
Circle said it has signed a final agreement to acquire Singapore-based B2B cross-border payments infrastructure company Tazapay. The deal is expected to close in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay processes more than $25 billion in annualized payments, works with more than 60 banks and fintech partners, and offers local payment rails across more than 100 markets. About 60% of its transaction volume already includes stablecoins.
UBS and partners begin Swiss franc stablecoin sandbox test
UBS said it has joined PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, SIX, TWINT and Swiss Stablecoin AG, a group of nine institutions, to begin a sandbox test for a Swiss franc stablecoin, exploring how blockchain applications can be combined with franc-denominated digital money.
The test uses CHFD, a Swiss franc stablecoin that has been technically live in the sandbox environment since late June and is pegged 1:1 to the Swiss franc. The project will examine automated inter-financial-institution transactions, settlement for tokenized digital assets and programmable payments. Specific use cases include reducing fraud risk in online marketplaces, improving fair access to event tickets and increasing efficiency in public fund disbursement.
The sandbox is expected to run through the end of 2026. UBS said the effort is intended to build technical, operational and regulatory experience and does not mean a formal launch of a Swiss franc stablecoin has been decided.
Samsung’s Taylor fab nears test run with 2 nm orders full
South Korea’s Munhwa Ilbo reported that Samsung Electronics’ fab in Taylor, Texas is expected to enter test operations around the end of this month. The report said incoming 2 nm orders from Tesla, Broadcom and Arm have pushed capacity close to full even before commercial production begins.
The plant has seen cumulative investment of $37 billion since 2022. It is scheduled to begin test operations early next month and start mass production next year, with initial monthly capacity of about 50,000 wafers, not far from TSMC’s roughly 80,000. The report said the site will make Tesla’s next-generation AI5 chip, Broadcom’s next-generation communications chips and Arm AI chips for smart devices. Samsung’s 2 nm yield reportedly improved from about 60% early this year to about 80% recently.
Samsung sent process, equipment and yield personnel to the plant in June and began installing equipment in July. In a recent earnings call, the company said 2 nm order intake this year is more than double last year’s level and said Nvidia’s Grok3 inference chip entered mass production last month. Samsung has also raised 4 nm foundry pricing by as much as 15% recently.
A second Taylor fab is scheduled to break ground later this year and begin mass production in 2030. Samsung has asked major partners to complete safety certification for relevant production equipment in advance, and some partners are considering sending dozens of staff to the area. At the same time, Intel issued about $20 billion in new shares last month and expanded 18A and 14A investment, while Japan’s Rapidus completed a 2 nm fab in Hokkaido and entered wafer pilot production last month.
Powertech, KYEC and Sigurd post August revenue growth
Powertech, KYEC and Sigurd all reported both month-over-month and year-over-year revenue growth in August, with Powertech and Sigurd setting fresh record highs for a second straight month.
Powertech posted August consolidated revenue of NT$8.558 billion, up 3.48% from July and 24.46% from a year earlier, following July’s first break above NT$8 billion and another record high. Revenue for the first eight months reached NT$61.258 billion, up 30.83% year over year. KYEC reported August revenue of NT$4.08 billion, up 2.23% month over month and 31.58% year over year, bringing the eight-month total to NT$29.404 billion, up 35.53%. Sigurd posted August revenue of NT$2.07 billion, up nearly 3% from the prior month and nearly 29% from a year earlier, with eight-month revenue of NT$15.26 billion, up more than 20%.
Powertech said the main source of growth this year remains the recovery in memory packaging and testing demand. It previously said third-quarter revenue should rise by a single-digit percentage from the second quarter, and fourth-quarter revenue could still exceed the third quarter, with memory order momentum likely lasting through year-end and market conditions in early next year looking positive. Beyond memory, advanced packaging is the next key focus. Its panel-level packaging has already been adopted by a U.S. customer, P11 fab capacity has been reserved by a customer, and the company plans to begin mass production of AI chips integrating ASIC and HBM by mid-2027.
KYEC has been expanding advanced testing capacity in recent years, with AI-related products becoming a major operating driver. Demand for testing AI GPUs, ASICs and high-speed computing chips remains its main growth source. Sigurd said demand tied to AI and high-speed interconnect is strong, including demand for high-performance computing chips such as CPUs, GPUs, ASICs and AI accelerators. A newly acquired Hukuo plant completed clean-room construction in February and entered mass production in July. Output is now at 40% of total plant capacity and is gradually taking on additional demand from overseas clients.
South Korean budget office says won stablecoin could cut merchant fees
South Korea’s National Assembly Budget Office said in a report that a won-denominated stablecoin could save local merchants between 370 billion won and 5.15 trillion won per year in payment fees, equivalent to about $275 million to $3.8 billion.
The report also warned that wider stablecoin use could weaken banks’ role as credit intermediaries and threaten pegs during periods of heavy redemptions. It recommended reserve requirements, limits on stablecoin incentives and tighter oversight of tokens that could endanger financial stability.
South Korea’s central bank and Financial Services Commission remain divided over who should be allowed to issue stablecoins. The Bank of Korea favors issuers controlled by banks with at least a 51% ownership stake, while the FSC says excessive restrictions could hinder innovation. South Korea also plans to expand the scope of tokenized securities in February 2027, with a later stage linking blockchain-based securities markets to stablecoin payment infrastructure. Earlier this month, the Bank of Korea published research saying direct local-currency trading into dollar stablecoins on Binance could weaken the local currency.
Trump says he trades for the U.S., not for himself
U.S. President Donald Trump wrote on Truth Social on Sept. 6 local time that he had made "hundreds of billions of dollars" for the United States through stocks and other assets, adding, "I do this for our country, not for myself." The post also said that what he got in return was criticism from "radical left lunatic Democrats."
Reuters had previously reported that information from the U.S. Office of Government Ethics showed Trump disclosed at least $220 million and as much as roughly $750 million in personal securities trading in the first three months of 2026. Annual financial disclosure documents published by the office also showed Trump earned at least $2.2 billion in 2025, far above the roughly $622 million he made in 2024, when he had not yet returned to the White House.
Trump also shared an AI-generated image that appeared to show him trading in a White House office, with Intel’s stock price rising from $20 to $95 on the screen. In August last year, the U.S. federal government invested about $8.9 billion to buy a 9.9% stake in Intel at $20.47 per share. CNBC showed Intel closed at $95.80 on Sept. 4, 2026. A White House spokesperson said all stock trades in Trump’s name are executed by outside financial managers and that neither Trump nor his family controls the specific trading decisions.
Large spot moves on Binance
Binance spot market data showed sharp token moves. ICP rose 23.12% over 24 hours, while MIRA gained 11.06% and hit a fresh daily high. TRX touched a weekly high with a 5.21% gain, and XPL also reached a new daily high, up 6.21%. MUBARAK staged a rebound from earlier lows and rose 5.14%.
Among decliners, CHIP hit a fresh daily low and fell 6.74%, while FIDA gave back earlier gains and was also down 6.74%.
Moore Threads falls more than 10% intraday
On Sept. 8, domestic GPU company Moore Threads opened lower and quickly dropped, at one point falling more than 10% and setting a new record low of 371.17 yuan. At the time of publication, the stock was still down more than 8% at 380.76 yuan, giving it a market value of 179 billion yuan. In the previous session, Moore Threads had hit a 20% down limit, sending its market capitalization below 200 billion yuan.
According to a company announcement, 25.7745 million shares from its IPO offline placement lock-up were released from restrictions on Sept. 7. Asked about the prior day’s limit-down move, company staff told Yicai reporters posing as investors that the day marked a large lock-up expiration for offline placement shares and said investors should view the situation rationally, adding that the company’s fundamentals were normal.
XPeng starts robot production line
XPeng said its robot production line officially started operations. The company said the world’s first advanced general-purpose humanoid robot completed automated final assembly and walked off the line on its own, marking a step from research and prototype work into full production-line manufacturing.
The line was designed and developed in-house, combining mature automotive quality systems with precision humanoid robot manufacturing. Core process automation exceeds 80%. XPeng’s robot has 76 degrees of freedom, runs on three Turing AI chips and delivers 2,250 TOPS of effective computing power. The company said mass production will begin by the end of this year, with market delivery scheduled for 2027.
Meme rankings and related reading
GMGN market data showed that as of 08:47 on Sept. 9, the top five trending ETH ecosystem tokens over the past 24 hours were STOCKER, UNI, ASTEROID, KLIK and LINK. On Solana, the top five were STONK, AGI, CRIMECAT, Mooncoin and OTC. On Base, the top five were Basecat, VVV, STONKEX, FLOCK and SOL.
Related reads highlighted by the source included topics such as the SEC’s path for tokenized fund pilots, the Liquid Network exploit timeline, Hunter Biden’s LAPTOP token launch, whether token buybacks can raise token value, Goldman Sachs’ bullish view on Robinhood, stablecoin gas payments on Ethereum, fixed-rate lending liquidity design, and local-currency settlement in cross-border payments.