ake

"BTC OG Insider Whale" agent Garrett Jin released a market perspective stating that Bitcoin bulls are currently in an unfavorable position, with BTC continuing to hover above $76,500.Garrett Jin expressed that he is not optimistic about the current prolonged bottoming market, believing that the longer the consolidation period, the more likely BTC is to break below the $76,500 support and further seek lower support levels, rather than immediately reversing.He pointed out that if Bitcoin wants to show a stronger trend again, it needs to at least regain and maintain above $78,300.

The new regulations from the Central Bank of Brazil require virtual asset service providers to meet compliance requirements related to capital, auditing, anti-money laundering, and ongoing reporting, with capital requirements reaching up to 37.2 million reais, approximately 7.2 million US dollars. Currently, among about 300 related institutions, only 20 to 25 may meet the conditions to apply for authorization, and it is expected that only 10 will obtain licenses.Some small platforms have ended or restructured their retail operations, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute their decisions to the new regulations. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some businesses may struggle to maintain operations. Related institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers.Isabel Longhi, Head of Public and Regulatory Policy for Ripple Latin America, stated that market consolidation is expected to occur as the Brazilian crypto market matures, but the new regulations will limit innovation in the short term.

Revolut disclosed that an unauthorized third party used a legitimate email address under a government agency's real domain to submit false customer data retrieval requests, resulting in the disclosure of sensitive information for a small number of customers. The company referred to the incident as a "complex external impersonation scam," and has since banned the related email address, stating that its systems and customer funds were not affected.The potentially disclosed information includes names, dates of birth, addresses, email addresses, phone numbers, copies of identification documents such as passports and driver's licenses, identity verification selfies, account statements, IBANs, withdrawal records, and complete transaction histories, including Bitcoin transaction records. Former Mt. Gox CEO Mark Karpelès stated that he is one of the affected individuals. Revolut has not disclosed the number of affected customers, whether the incident involved only a single market, or the government agency to which the impersonated domain belongs. The company has notified relevant government agencies, law enforcement, data protection authorities, and financial regulatory bodies. On-chain investigator ZachXBT speculated that the scale of the incident may be limited, but the target may be high-net-worth users.

On-chain detective ZachXBT posted on his personal channel that Revolut allegedly leaked some users' personal identifiable information (PII) due to failing to recognize a forged government agency information request.According to his disclosure, Revolut previously received a request for customer information retrieval that appeared to come from a real government agency and was sent through the agency's official email domain. Because the email had valid domain authentication information, Revolut believed the request was legitimate and responded accordingly.The potentially involved data includes users' names, birth dates, occupations, addresses, email addresses, and phone numbers, as well as copies of passports or driver's licenses, identity verification selfies, account statements, IBANs, withdrawal records, and complete transaction histories, including Bitcoin transaction records. Revolut stated in the notification sent to users that no biometric facial telemetry data was leaked.ZachXBT indicated that the scale of the incident may currently be limited, but it appears to primarily target high-net-worth users. Several Revolut users received notifications regarding the related security incident yesterday. Revolut officials had previously reminded users to verify suspicious information through in-app customer service to avoid providing personal or financial information.

According to on-chain analyst Yu Jin's monitoring, the Pump.fun team's fee wallet (2p23...v3q) transferred 77,706 SOL to Kraken 4 hours ago, worth 7.88 million USD.

According to Onchain Lens monitoring, a certain whale address awakened after 119 days of dormancy and withdrew 116,490 HYPE from OKX, worth approximately 9.6 million dollars.

F2Pool co-founder and stakefish founder Wang Chun tweeted that Oleksii Trofimchuk filed a lawsuit against Lido Finance and stakefish on September 8 in the Santa Clara County Superior Court, accusing them of allowing competing MEV bots to submit high-priority fee transactions to claim the ETH after his wallet was hacked.

According to Anza's monitoring, the second step of the Solana proposal SIMD-0437 rent reduction will take effect on the mainnet at approximately 21:15 UTC, corresponding to epoch 1033. At that time, the lamports required per byte will decrease from 6333 to 5080, a cumulative decrease of about 27% from the initial level, and the deposit required for on-chain storage such as creating token accounts will be further reduced.There is currently no fixed timetable for subsequent steps; the third step will be initiated once the growth of on-chain status is confirmed to be safe. If any anomalies occur, SIMD-0438 can serve as a fallback mechanism to revert the rent parameters. Currently, three steps remain in the five-step plan.

B.AI announced that the limited-time free trial of GLM-5.3-Flash is coming to an end. A special offer with a 90% discount will seamlessly take over starting from September 12 at 10:00 (SGT), where users only need to pay 10% of the original price, saving 90% directly, with input as low as $0.015/M and output as low as $0.05/M. As a native multimodal large model, GLM-5.3-Flash has a total of 320 billion parameters and 18 billion active parameters, combining sparse and linear attention mixed architecture with 1 million ultra-long context, performing strongly in scenarios such as programming development, agents, long context processing, and high-frequency API workloads. B.AI consistently practices the vision of universal computing power, adhering to low-threshold access, and is committed to allowing every developer to use top-tier computing power without burden at a highly competitive price, bidding farewell to high costs and accelerating innovation implementation.

According to BBX data, yesterday and in recent days, major global stock exchanges and cross-border payment giants disclosed the latest business developments in the tokenized stock ecosystem and stablecoin retail settlement, with the core dynamics as follows:Nasdaq Ventures plans to invest $100 million in Kraken's parent company, with stock tokens set to launch in 2027: Cryptocurrency exchange giant Kraken's parent company Payward announced an expansion of its strategic cooperation with Nasdaq. Nasdaq's strategic investment division, Nasdaq Ventures, has reached an agreement with Payward to inject $100 million into it. The two parties will jointly promote the operational system and commercial infrastructure of Nasdaq Equity Tokens (NETs), which are expected to officially hit the market in the second quarter of 2027, and deeply connect Payward's xStocks tokenized equity ecosystem through the established cooperation framework.MoneyGram launches stablecoin debit card, initially supporting USDC for Visa network spending: Global traditional cross-border remittance giant MoneyGram announced the launch of a payment card supported by stablecoins. This card allows users to make purchases directly within the global merchant network that accepts Visa, with the initial market set in Colombia, gradually expanding to other countries and regions over the following months. Users can register through the MoneyGram App and link the electronic card to their mobile wallet for online and offline spending, as well as transfer funds to themselves and redeem local fiat currency cash at global offline locations. Initially, the card will support USDC issued by Circle, with plans to further integrate MoneyGram's proprietary stablecoin MGUSD in the future.

According to on-chain analyst Yu Jin's monitoring, a suspected address related to @HypeStrat (0x6436...0103) has accumulated and staked 365,000 HYPE in the last 24 hours, worth $29.65 million.In the past half month, this address has gradually accumulated and staked 3.029 million HYPE, worth $252 million, with an average price of about $83.4. According to the data released yesterday, it currently holds 31.8 million HYPE, worth $2.513 billion.

According to Nikkei Asia, Chinese chip manufacturer Changxin Storage (CXMT) has taken the lead in profit margins over global competitors, surpassing SK Hynix and Micron. The company has leveraged the tight supply of commodity-grade DRAM to gain an advantage in the second quarter.Changxin Storage's main products include DDR5 memory, which has seen price increases in recent months. Reports indicate that this situation has emerged in the storage chip industry dominated by suppliers from South Korea, the United States, and Japan.

According to Bloomberg, informed sources say that Nasdaq will invest $100 million in Payward, the parent company of the cryptocurrency exchange Kraken, through its venture capital department to continue building infrastructure that supports stock tokenization trading.This investment brings Payward's valuation to $21 billion and further expands the partnership announced by both parties in March of this year.

The official listing account of Kraken announced that the ONEchain token ONE is now live, and users can start trading.ONE is the Gas, staking, and governance token of ONEchain. ONEchain is a network built for on-chain gaming.

Zora co-founder Dee Goens has taken over as CEO, succeeding co-founder Jacob Horne, who held the position for over six years. Goens stated in a post on Wednesday that Horne will leave the company to embark on a new chapter but "won't stray too far from crypto." Goens revealed that Zora has conducted layoffs this year, reducing the team size to fewer than 10 people, and is shifting towards a more AI-driven operational model.On the product front, Zora has shifted its focus from the Creator Coins model launched on Base last June to supporting trading pairs on other networks. The Custom Pairs feature, launched on August 20, allows users to customize token trading pairs, with over 4,000 created so far. Zora also expanded to Robinhood Chain and Solana this summer, supporting cross-chain trading and eliminating fees for direct messages and comments. According to DefiLlama data, Zora recorded only $14,800 in fees deployed on Base in August, a 99.4% drop from $2.51 million in the same period last year.Goens outlined five key priorities, with the top priority being to align the business with the interests of ZORA token holders through the implementation of buyback and reward mechanisms, though he did not disclose specific scales, sources of funds, or timelines. The remaining priorities include rebuilding community trust, focusing on mobile app user acquisition, and restarting community incentive distribution. As of the time of publication, ZORA is priced at $0.00814, with a market cap of approximately $36.3 million, down 94.4% from its historical high of $0.1456 reached on August 11.

The American hamburger chain Steak 'n Shake stated on platform X that since it began accepting Bitcoin payments in May 2025, the company has achieved double-digit growth in same-store sales, with franchise same-store sales increasing by 19% this quarter. The company processes Bitcoin payments through the Lightning Network.Steak 'n Shake's Chief MAHA Officer Michael Boes stated at the Bitcoin 2026 conference that Bitcoin has become the core driving force behind the chain's business performance. Same-store sales grew by 11% quarter-over-quarter in the second quarter of 2025, accelerating to 15% in the third quarter, surpassing major competitors such as McDonald's, Taco Bell, and Domino's Pizza.When paying with Bitcoin, Steak 'n Shake can save about 50% on processing fees, as traditional credit card processors charge a fee of 2.5% to 3.5% per transaction. The company also incorporated $10 million in Bitcoin into its strategic reserves this January and had considered accepting other cryptocurrencies, but abandoned the plan after a vote on platform X showed users believed only Bitcoin was necessary.

According to on-chain analyst @ai_9684xtpa, 21 hours ago, Wintermute received 2.5 million LAPTOP from the LAPTOP multi-signature address, and subsequently distributed the relevant tokens to multiple exchange deposit addresses.Previously, GSR Markets and G20 received market-making tokens a few days ago, and Wintermute may be a newly added market-making participant. If this transfer is indeed part of a market-making arrangement, the total amount of LAPTOP actually used for market-making will increase to 23 million tokens, accounting for 2.3% of the total supply. Among them, GSR Markets received 15.5 million, G20 received 5 million, and Wintermute received 2.5 million.

The Bitcoin On-Chain Spending Profit Ratio (SOPR) has remained above the breakeven point of 1 for three consecutive weeks, marking the longest bullish cycle since 2026. Data from CryptoQuant shows that this metric has consistently been above 1 since August 19, currently reported at 1.002, indicating that most Bitcoin transferred on-chain is in profit. On-chain analysis tool Checkonchain points out that the structure of the short-term holder SOPR is beginning to resemble the early stages of a bull market recovery, rather than the rebound-and-sell pattern seen in a bear market.However, David Puell, portfolio manager at ARK Invest and founder of the Puell Multiple metric, warns that there is still downside risk for Bitcoin prices. In an interview with CryptoQuant, he stated that more evidence is needed to confirm that the bottom of this bear market has been reached. The SOPR needs to stay above 1 for a longer period, and investors must continue to realize profits without prices making new lows. Additionally, Bitcoin needs to form a series of higher highs and higher lows on a weekly basis, a pattern that has not yet emerged.Previously, CryptoQuant CEO Ki Young Ju had suggested that the bear market was over based on his proprietary bull-bear market cycle indicator. Currently, Bitcoin prices are fluctuating around $80,000.