The Rollup podcast host Andy said on X that Capitol Hill rumors suggest the CLARITY Act has virtually no chance of passing, with Polymarket showing 18% but actual odds around 3%–5%. The crypto industry has spent tens of millions of dollars and 18 months lobbying for it, yet insiders are aware of its futility. Andy predicts the bill may be broken into several independent bills targeting stablecoins, tokenization, perpetuals, and prediction markets, as lawmakers prefer a more targeted approach.

Jiangbolong made its debut on the Hong Kong Stock Exchange main board on Sept. 8, completing its A+H listing structure after already trading in Shenzhen. The company priced its H shares at HK$236 and sold 26.0778 million shares globally, raising about HK$6.136 billion. At the opening price, its market capitalization stood at roughly HK$107.5 billion, while its A-share market value was about RMB 154 billion. Founded by Jiangxi-born twin siblings Cai Huabo and Cai Lijiang, Jiangbolong grew from a small memory counter in Shenzhen’s Huaqiangbei into what the article described as the world’s second-largest independent semiconductor memory company. Its prospectus showed first-half 2026 revenue of RMB 24.088 billion, up 136.26% year over year, and net profit attributable to shareholders of RMB 10.577 billion, up 71,528.66%. The report also highlighted the tension behind that surge. Gross margin climbed to 58.2% in the first half, helped by rising memory prices, but operating cash flow was negative RMB 3.151 billion, inventory reached RMB 25.777 billion, and total short- and long-term borrowings exceeded RMB 15.4 billion. The company said the Hong Kong proceeds will go to research and development, strategic investments and acquisitions, and working capital as it pushes further upstream into chip design and supply-chain integration.

On the morning of September 8, Telegram experienced a service outage in Singapore, with users starting to report issues around 10:20 AM local time. Downdetector recorded nearly 4,000 reports by 10:30 AM, primarily affecting the app and messaging functions. By 11:30 AM, reports dropped to around 350, indicating gradual restoration. Telegram has not disclosed the cause of the outage.

On September 8, Bitget market data showed that Hong Kong-listed application software stocks plunged sharply intraday. MINIMAX fell 6.33%, and Zhipu dropped nearly 6.5%. BlockBeats reported this.

According to Financial Times and Allium Labs data, crypto projects have spent nearly $640 million on buybacks so far in 2026, up from $545 million in the same period last year and just $366,000 in all of 2024. Perpetual exchange Hyperliquid and meme coin platform pump.fun together account for nearly 90% of total buybacks. Hyperliquid uses 99% of its trading fee revenue to buy back and burn HYPE tokens, having repurchased $1.3 billion since its December 2024 launch. HYPE has risen 70% over the past year. DeFi platform Sky Protocol bought back $26 million in tokens, with co-founder Rune Christensen noting the protocol generated over $400 million in revenue last year.

Steady Lads Podcast returned after a four-month break with an episode built around one question: what are long-time crypto insiders actually holding right now? The answers pointed to a sharp split between public market chatter and private capital allocation. Alliance DAO founding partner Qiao Wang said roughly 70% to 80% of his money sits in U.S. equities, with Bitcoin and Zcash as his only crypto holdings. Tiki described a barbell approach made up of the S&P 500, U.S. Treasuries, and about $3 million worth of physical Pokemon cards. Jordy said Bitcoin is his core position and that he still holds some Hyperliquid, though he sees its valuation as stretched. Justin said he bought spot Zcash near the $1 area after tax-loss harvesting and still holds about 80% of his original Lit airdrop. Dimma said he owns Near, Grass and an expanding early-stage AI token venture portfolio. The episode also focused on why Zcash has become a shared conviction trade for some of the guests, how FOMO says it is bringing roughly 40,000 new users a day into mobile meme trading, and why opinions differ on whether fresh capital should chase Bitcoin or move into U.S. AI stocks.

A trader on Aster DEX used 50x leverage to long BNB and ASTER, achieving returns of 386.51% and 589.60% respectively. The trader invested 230 BNB (worth ~$171,600) and 275,674 ASTER (worth ~$217,600), yielding profits of ~$13,000 and ~$25,600. Data from Lookonchain on September 7 highlights the high-risk, high-reward nature of leveraged trading on decentralized exchanges.

Bitcoin traded near $79,500 on September 7, with market focus shifting to the upcoming U.S. economic data releases for August, including the Producer Price Index (PPI) and Consumer Price Index (CPI), as well as the 10-year Treasury auction scheduled for Wednesday. These events are closely watched as they occur just before the Federal Reserve's policy meeting on September 15-16. The August nonfarm payrolls report, released earlier, showed an increase of 162,000 jobs, with the unemployment rate unchanged at 4.1%. Following the jobs data, market expectations for a September rate hike rose to approximately 58%, according to market pricing. Economists surveyed expect the August PPI to rise 0.4% month-on-month, while core PPI is forecast to increase 0.3%. These inflation figures will provide additional context for the Fed's decision-making. The crypto market is monitoring these developments for potential directional cues.