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On September 9, 'White-haired Stock God' Serenity stated that he was not surprised by the 96.16% drop of the meme coin LAPTOP related to Hunter Biden after its launch, and believes that such token issuances cannot yield positive results for retail investors.
On September 9, the World Gold Council reported that global gold ETFs attracted $18 billion in inflows in August, marking the second largest monthly inflow on record. This surge pushed the total assets under management to $615 billion, with holdings reaching a historic high of 4,189 tons. North America recorded the third largest monthly inflow in history, while Europe achieved its strongest monthly performance ever, together accounting for nearly 90% of global demand. Activity in the gold market has rebounded significantly, with the average daily trading volume in major market segments increasing by 21% month-on-month.
On September 9, the Meme coin LAPTOP, launched by President Biden's son, saw its market value plummet from $300 billion to $4.3 billion within just 40 minutes of its debut, with a trading volume of $6.8 million during that period.
According to market news, the Hyperliquid Policy Center has submitted a brief to the federal court in Washington, D.C., seeking to dismiss the lawsuit filed by CME against the CFTC. The U.S. has authorized Kalshi to offer regulated perpetual contracts.
The U.S. Treasury has broadened its sanctions against Iran to encompass the entire digital asset industry of the country, allowing the Office of Foreign Assets Control (OFAC) to take action against industry operators regardless of their location. This measure took effect on August 24 and includes sanctions on gold, shipping, aviation, and technology. Elliptic has tracked that the Central Bank of Iran has acquired at least $507 million worth of USDT; Tether froze $344 million USDT related to the bank in April. Iran obtains crypto assets through Bitcoin mining, with Elliptic estimating that its Bitcoin mining accounts for about 4.5% of the global total, generating hundreds of millions of dollars in crypto assets annually. The measure does not automatically sanction all Iranian cryptocurrency users, but it grants the U.S. Treasury greater authority to target the industry and supporters of designated entities.
European stocks have seen an expanded decline, with the French CAC 40 index dropping 2%, the Euro Stoxx 50 index falling nearly 2%, the German DAX index down 1.6%, and the UK FTSE 100 index decreasing by 1.2%. The Euro Stoxx 600 index fell 1.5%, marking its largest drop in two months. Meanwhile, the yield on the US 2-year Treasury note rose to 4.42%, the highest level since July 2024. UK government bonds also fell, with the yield on the UK 10-year bond increasing by 5 basis points to 5.23%.
On September 9, according to an official announcement, Binance will launch 'Bull Market' and add a seed tag for it. It will also open spot trading pairs for Bull Market/USDT, Bull Market/USDC, and Bull Market/TRY.
On September 9, according to an official announcement, Binance will launch 'Bull Market' and add a seed tag for it. It will also open spot trading pairs for Bull Market/USDT, Bull Market/USDC, and Bull Market/TRY.
On September 9, market data showed that 'Bull Run' surged over 40% in a short time due to the news of its listing on Binance for spot trading, with a current market capitalization reported at $129 million.
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