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Metaplanet told shareholders that the mechanism behind its insider share pool amplified their dilution. The board then froze the pool at 319.5 million shares rather than reversing it.
Ten days later the chief executive converted his vested third. Metaplanet stock fell 9.96% on Tuesday to ¥244.
Metaplanet Stock Performance. Source: Yahoo Finance How Metaplanet’s Insider Share Pool Ballooned
In 2022 the company was called Red Planet Japan. Its hotels had lost their guests. Sales were ¥366 million ($2.37 million), the operating loss was ¥858 million ($5.57 million), and it warned it might not survive.
Shareholders approved a rescue in February 2023. Seven staff paid ¥18 a unit for options to buy shares at ¥10.
The award covered 46 million shares. That number was never fixed. It always equalled 20% of every share the company could issue.
Then Bitcoin (BTC) arrived in April 2024. Metaplanet sold new stock to buy coins, becoming the third-largest corporate holder with 43,000 BTC.
Its share count went from 153.9 million to 1.35 billion in two years. Every sale therefore enlarged the pool, which reached 319,464,000 shares.
That is about a quarter of the company.
“…amplifies the dilution borne by existing shareholders,” Metaplanet spelled out in its August 18 filing.
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Why the Freeze Failed to Settle It
The same filing deleted the clause and fixed the pool at its enlarged size. Holders cannot sell any shares until August 17, 2031.
Ten days later Chief Executive Officer Simon Gerovich exercised 92,000 rights, exactly the third that had vested. He paid ¥640 million ($4.16 million ) for 64,032,000 shares worth ¥15.6 billion ($101.3 million) on Tuesday.
Metaplanet froze its executive share pool after it grew 595% through shareholder dilution"So Metaplanet performed exceptionally well, it was one of the darlings of the treasury boom.""The problem here is that they have an executive pool of shares that was pegged not at a… https://t.co/kcS0GCMA6u pic.twitter.com/F1ilklJ1Ez
— The Wolf Of All Streets (@scottmelker) September 8, 2026
His personal stake is now 6.2% after the design paid insiders for issuing stock.
David Bailey, a Bitcoin executive and shareholder since 2024, disagrees.
“…20% of Metaplanet cap table … isn’t some crazy number,” Bailey noted.
Metaplanet’s own numbers support part of his case. Bitcoin per 1,000 shares rose roughly 43-fold in two years, with the options already counted.
BeInCrypto reported in October 2025 that Gerovich pitched preferred shares precisely to keep growing Bitcoin per share without diluting holders.
However, the market is less convinced, seeing as all Metaplanet shares are worth about $2 billion. Its coins are worth about $3.4 billion with Bitcoin trading near $78,533, even before debt.
Insiders hold a claim on a quarter of a company priced below its own Bitcoin. The 273 million extra shares are what shareholders want back.

CNBC’s Jim Cramer named Nvidia and Broadcom the two biggest winners from OpenAI’s ChatGPT-6 Astra launch. He made the call Tuesday on the network’s Morning Meeting show.
Traders split the two calls. Nvidia (NVDA) fell almost 2% to $225.80 during Tuesday’s session, while Broadcom (AVGO) gained nearly 3% to $368.17.
Cramer Calls Nvidia the Astra Winner, With Broadcom Close Behind
OpenAI began rolling Astra out last week and calls it the company’s most intelligent model so far. Much of the attention on what ChatGPT-6 Astra does has centered on cybersecurity, coding and computer-use tasks.
Astra trained on roughly 100,000 Nvidia Grace Blackwell systems, according to chief executive Jensen Huang. He also said another 400,000 chips are coming online for OpenAI.
Cramer read that second figure as a demand signal rather than a one-off order.
“The stock that I think you should be buying is Nvidia,” he said.
BeInCrypto also noted Huang’s AGI declaration doubled as a pitch for the hardware he sells. Cramer has now turned the same numbers into a buy case.
Broadcom Gains From the Inference Side
Broadcom built a custom chip with OpenAI called Jalapeño, unveiled in June 2026 and designed for inference. Inference means running a finished model for users, not training it.
We’ve designed and built our first AI chip: Jalapeño.Designed from the ground up by OpenAI and brought to production with @Broadcom, Jalapeño is purpose-built for the LLM workloads powering ChatGPT, Codex, the API, and future agentic products.Chips are foundational to the AI… pic.twitter.com/mHU7DaMMTi
— OpenAI (@OpenAI) June 24, 2026
Initial deployment is targeted for the end of 2026, with Celestica assembling the systems.
Cramer argued that a strong Astra reception protects OpenAI’s standing, and with it Broadcom’s custom silicon order book. He tied further upside to OpenAI and Anthropic listing publicly, with Broadcom as preferred partner.
“If they accomplish that, Broadcom is their preferred partner, and we’re going to see a stock that goes up much more,” Cramer said.
Analysts See 42% to 44% Upside for Both Chipmakers
Meanwhile, all 29 analysts covering Nvidia rate it a buy. Their average 12-month target of $325.23 implies 44% upside.
Nvidia (NVDA) Stock Forecast & Price Target. Source: TipRanks
Broadcom, on the other hand, draws 26 buys and three holds. Its average target of $521.41 points to 42% upside.
Broadcom (AVGO) Stock Forecast & Price Target. Source: TipRanks
The disagreement sits at the bottom of each range. Nvidia’s lowest target of $275 still sits above Tuesday’s price of $225.69, as of this writing. However, Broadcom’s $350 floor sits below it’s current price of $369.00.
BeInCrypto counted 25 buys and three holds ahead of Broadcom’s third-quarter earnings last week, so the tally has barely shifted since.
It is also worth noting that Cramer’s charitable trust holds Nvidia and Broadcom alongside Intel and Micron.
The coming weeks will show whether Astra demand reaches Broadcom’s order book or stays inside Nvidia’s training clusters.

Republican senators say the CLARITY Act is likely to fail when the Senate returns next week, according to Semafor. Crypto’s lobbying arm calls that pessimism a bargaining tactic rather than a count of votes.
The Digital Asset Market Clarity Act would decide which US regulator polices crypto trading. It has never reached a full Senate vote. The blockage is ethics language covering President Donald Trump and his family.
Named Republicans Put a Date on the Collapse
Sen. Mike Rounds of South Dakota told Semafor the outlook was poor. Two Democratic aides said negotiations over the ethics provision have barely moved since July.
“…if there’s no interest in the White House in trying to bridge the gap on the ethics language, it is going to fail,” Semafor reported, citing Sen. Thom Tillis of North Carolina.
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Senators vote at 2:15 p.m. ET on September 15, next Tuesday. That vote needs 60 supporters and only opens debate, so it cannot pass the bill by itself. The White House says Trump still wants the law and has already conceded sweeping ethics terms.
Sen. Roger Marshall of Kansas added that voters back home never raise the bill with him.
Democrats disagree. A Reuters/Ipsos survey in August found most Americans disapproved of the money the president’s family drew from digital assets.
The Lobby Says the Quotes Are Positioning
Alexander Grieve, vice president of government affairs at crypto investment firm Paradigm, reads the gloom as theater. He argues lawmakers leak pessimism to reporters to extract last-minute concessions from the White House or Senate leadership.
I think anyone who thinks CLARITY passage likelihood is near zero is making the mistake of reading commentary literally from unnamed staffers who aren't in the conversation (or who are trying to shape narrative), or Members positioning in the press to get last-minute priorities… https://t.co/v3EFwdBnu4
— Alexander Grieve (@AlexanderGrieve) September 8, 2026
Bank lobbying and advertising money is still moving ahead of the vote, he notes, which would be odd spending on a corpse. He accepts the calendar is a real problem.
“But this thing is not dead, not by a longshot,” Grieve noted.
Traders side with the senators, with Polymarket pricing 2026 enactment near 16%, down from above 75% earlier this year.
Clarity Act Passage Odds According to Bettors. Source: Polymarket
BeInCrypto reported in August that the bill would likely fail at this month’s vote, and that Grayscale researchers saw the industry advancing without new legislation.
The Senate then disappears for almost all of October before the Nov. 3 midterms. Tuesday’s vote decides whether the ethics fight was ever a negotiation or simply a wall.

Intel stock (INTC) climbed as much as 9.5% on Tuesday following a supply chain report that said the company will raise personal computer processor prices by roughly 10% in early October.
The move lifted the value of the US government’s 9.9% Intel holding to a paper gain of about $36 billion. Washington bought that stake in August 2025.
Intel Stock (INTC) Performance. Source: Yahoo Finance Why a Price Increase Pushed Intel Stock Higher
Higher prices normally read as bad news, because they can push buyers away. However, investors took this one differently.
They treated the increase as a sign that Intel will defend profit on each chip rather than chase sales volume. Chief Executive Lip-Bu Tan has been cutting low margin product lines since late 2025. Intel has not confirmed the timing or which chips are affected.
$INTC REPORTEDLY PLANS ANOTHER 10% PC CPU PRICE HIKE IN OCTOBERThe increase is aimed at improving gross margins rather than gaining market share, according to DIGITIMES, as global PC shipments are expected to fall to roughly 250M units in 2027.Intel is also reportedly… pic.twitter.com/hT2wPPMvpB
— Wall St Engine (@wallstengine) September 8, 2026
Northland Securities also raised Intel to Outperform from Market Perform on Tuesday, with a $120 price target. The firm cited turnaround progress, a shortage of server processors, and Musk’s Terafab chip project.
Washington’s Stake and a Foundry Milestone
Under an August 2025 agreement, the US government paid $8.9 billion for 433.3 million Intel shares. The price was $20.47 each, or 9.9% of the company.
At about $105 a share, that holding is worth roughly $45.5 billion. The unrealized gain works out near $36.6 billion.
BREAKING: The US government is now up $35.9 billion on its Intel investment.The US government bought a 9.9% stake in Intel at $20.47 per share back in August 2025. https://t.co/r3HtXJtoez pic.twitter.com/a6cgUg2eyq
— Bull Theory (@BullTheoryio) September 8, 2026
Notably, however, the stake has been worth more. BeInCrypto reported in May that the paper profit had reached $47.6 billion after an Apple chip deal. Intel has since slipped from its summer peak. President Trump has repeatedly promoted Intel’s gains on social media.
Intel and ASML separately said Intel has run more than one million silicon wafers through its High-NA extreme ultraviolet (EUV) machines. Wafers are the discs that chips are cut from. The machines are the newest tools for printing circuit patterns onto them.
The count covers testing and research as well as production. Intel has still not confirmed the October price increase. Whether computer makers absorb it should show in third quarter results due late October.

Kraken told customers on Tuesday that withdrawals were stuck, the second service fault the exchange disclosed in a single day.
The notice went up shortly after 2 p.m. UTC. Kraken said it had identified the cause. However, it gave no timeline, no list of affected coins, and no account of what broke.
Funding Faults Pile Up at Kraken
Funding is the exchange’s term for money moving in and out, meaning deposits and withdrawals. Trading, the website and Kraken’s data feeds all stayed operational.
“We are aware of a temporary hiccup affecting withdrawals, which may be briefly delayed at this time,” read an excerpt on Kraken status page.
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The company’s status board listed 23 of its 725 funding services as degraded. Most of that damage predates Tuesday.
On September 4, the exchange paused deposits across more than 20 blockchain networks. Cosmos (ATOM) and Celestia (TIA) were among them, and that incident remains open.
A Bad Week Before a Big Year
Hours earlier, Kraken reported that account balance histories had gone stale. Daily figures have since recovered, while hourly figures remain behind.
Reliability carries unusual weight for the firm right now. BeInCrypto reported last week that Kraken parent Payward is wiring itself into Nasdaq and the London Stock Exchange. Meanwhile, the firm keeps delaying its own IPO, now aimed at 2027.
Institutional clients judge an exchange on whether money moves when they ask for it. A run of funding faults complicates that pitch. Payward is also preparing to sell tokenized London stocks to investors in 110 countries.
Kraken has not said what failed. Whether Tuesday’s problem is new, or another symptom of the September 4 outage, the next update should say.

Anyone who bought long US government bonds 10 years ago has lost money. Not after inflation. Before it. In 223 years of records, that has happened only once before.
Long Treasury bonds lost roughly 2% a year over the decade to August 2026, Bank of America data shows. The last stretch this bad ended in 1803, when Washington borrowed to buy Louisiana.
U.S. bonds are now in one of their worst stretches in more than 200 years.As of July 2026, the rolling 10-year annualized return for U.S. bonds after inflation was -5.14%.That’s worse than the aftermath of the Civil War, the Great Depression and the inflationary 1970s.The… pic.twitter.com/SdcdqFDb5S
— TreasuryBonds.com (@TreasuryBonds1) September 7, 2026
The Safest Trade in the World Just Broke
The math is such that bond pays a fixed coupon. Nothing more. On this day in 2016, the 30-year Treasury paid 2.32%, according to Treasury Department records. That was the whole prize.
Then inflation arrived, the Federal Reserve hiked, and yields climbed. Prices fell far enough to swallow the coupon.
The record starts in 1793 and holds 2,771 monthly readings, compiled by Santa Clara University finance professor Edward McQuarrie. Negative 10-year returns appear in 25 of those months. Bianco Research counts 24 of them in the current run.
“Bonds WERE the worst investment in American history. It says nothing about what they do next,” wrote Jim Bianco, founder of Bianco Research.
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Bitcoin Now Has a Rival It Never Had
The starting yield is the tell, as it has set most of the following decade’s return across this data, by Bianco Research’s reading. Buy at 2% and you earn about 2%. Buy at 5.25% and history points near 5%.
2/3Why so bad? You buy a bond for its yield. Ten years ago, the long Treasury paid 2%. That was the ceiling, and then rates rose (price losses), taking even that away.Some perspective: in 223 years, a negative 10-year return has happened in 25 months. 24 of them are right… pic.twitter.com/31NxE8zdTJ
— Jim Bianco (@biancoresearch) September 6, 2026
That is the part Bitcoin has never faced. The Fed cut rates to near zero on December 16, 2008. Bitcoin’s first block arrived 18 days later.
Cheap money was the water it swam in. Now the 10-year Treasury yields 4.80% and the 30-year pays 5.25%, both as of Tuesday.
10 and 30 Year US Treasuries. Source: TradingView
Bitcoin pays nothing. It trades near $77,934, down about 2% and well below its 2025 record. BeInCrypto flagged the squeeze last week, when global bond yields hit levels last seen in 2008.
The Uncomfortable Part
The twist is that the wreckage that makes bonds attractive is the same wreckage Bitcoin buyers cite.
Yields are high because Washington borrows on a scale that unsettles lenders. Federal debt hit $40.1 trillion on September 3, Treasury figures show, and the $40 trillion debt pile grows with every auction. Oil above $100 keeps inflation sticky.
The money is not leaving either. US spot Bitcoin funds pulled in $987.7 million in the week to September 4, Farside data shows, and Bitcoin ETF inflows beat every rival crypto fund. Polymarket traders price a September rate hike at 52%.
Bitcoin was easy to hold when cash paid nothing. The question now is whether it can beat 5% a year for a decade. Friday’s inflation data starts the answer.

Brent crude oil traded above $100 a barrel on Tuesday for the first time in three months, after Iran-backed Houthi fighters struck oil facilities in southern Saudi Arabia.
The benchmark reached $100.03. A brief move above the line in late July reversed the same session, leaving May as the last time Brent held $100.
Brent Crude Price Performance. Source: TradingView Houthi Drones Hit Four Saudi Cities
Houthi forces launched dozens of drones and ballistic missiles at Abha, Jazan, Najran and Khamis Mushait on Tuesday.
Fires broke out at Saudi Aramco sites and 73 people were wounded, including women and children. Jazan hosts a refinery that processes 400,000 barrels a day.
Saudi military spokesman Maj. Gen. Turki al-Malki called the assault a serious escalation and promised deterrent measures.
The attacks followed US strikes on three Iranian oil tankers over the weekend. Behind both sits the war between the United States and Iran, now in its seventh month.
BeInCrypto reported last week that renewed fighting had pushed oil to a five-week high. Prices have added roughly $5 since.
Hormuz Traffic Collapses Again
Hormuz shipping carried 8 million to 9 million barrels a day before fighting resumed on August 30. Flows then dropped below 2 million, according to Rystad Energy chief economist Claudio Galimberti.
Gulf crude exports now run near 11 million barrels a day, against 18 million before the war. Physical grades are tighter still, with Dubai and Oman trading between $104 and $105.
“Physically things are incredibly tight.”
David Fyfe, chief economist at Argus Media, said diesel markets are “screaming shortage.” European gas prices hit a three-year high last week, a sign the squeeze reaches past crude.
What Comes Next
Goldman Sachs raised its Brent forecast by $5 on Tuesday, to $85 for December and $80 for 2027. The bank flagged a path above $120 if Gulf output stays 4 million barrels a day below pre-war levels.
Energy is already driving US inflation. Consumer prices rose 3.4% in the year to July. Gasoline climbed 24.6% and the wider energy index 14.7%, while core inflation sat at 2.5%.
August figures arrive Friday. Meanwhile, Iran has answered new US proposals with conditions passed through intermediaries, so the Hormuz standoff shows little sign of clearing.

BeInCrypto is partnering with Opera to bring selected articles into Opera’s AI-driven content ecosystem, placing our reporting in front of a global user base of more than 296 million monthly active users. Through Opera’s recommendation cards, our news stories will appear on Opera’s homepage and within Opera’s articles.
The way we find news has changed radically. Readers no longer rely on direct visits to a homepage to get the latest updates. Discovery has shifted to real-time feeds, browser integrations, social video and recommendations. Integrating into Opera’s AI-driven content ecosystem is how we meet that shift, bringing digital finance reporting to audiences through content recommendations.
In April this year, we upgraded our homepage and article experience to better support how readers discover and consume content, including new video and social features.
This upgrade came as a response to accelerating global data: according to the Reuters Institute’s Digital News Report (June 2026), video news consumption has climbed from 67% in 2020 to 77% today, with social video specifically rising from 52% to 69% over the same period. Social media and video networks have also overtaken news organizations’ own websites and apps as the world’s most-used news source for the first time (54% vs. 51%).
Since then, discovery has continued moving beyond publishers’ own websites and into feeds, recommendations and other platforms.
“Since we overhauled our homepage infrastructure in April, the shift from active searching to algorithmic, seamless news discovery has only accelerated,” says Vlada Morhunova, Product Manager at BeInCrypto. “Audiences expect relevant financial insights to find them natively within their daily digital habits. Our integration with Opera is the logical next step in that evolution, moving our journalism beyond our own domain and straight into the user’s workflow.”
Readers can now access the latest news by visiting beincrypto.com and opera.com.
BeInCrypto is part of the BeInNews Academy Ltd, an independent media group covering the convergence of finance and digital assets. We help professionals act with confidence in a complex and fast-changing industry through our newsroom, research reports, events, expert network and multimedia studio.

United Nations High Commissioner for Human Rights Volker Türk said advanced artificial intelligence (AI) could pose an existential risk to humanity, aligning his stance with warnings from within the industry.
Türk delivered the assessment on Monday in Geneva. He also defined the point at which he believes a system becomes too powerful.
Türk Draws His Line at AI That Escapes Its Own Testing
Speaking to the 63rd session of the Human Rights Council, Türk said he shares the concerns of industry insiders about existential risk. His address named two specific behaviors as proof that a system has grown too capable.
The first is a model escaping the environment built to test it. The second is a model that blackmails its developers into keeping it from being switched off.
“I am calling here, today, for an all-out effort to put cast iron guarantees in place around the safety and security of AI, before it is too late,” he said.
Türk said he will write to AI companies within days. He wants countries hosting AI, along with their supply chains, to come together on agreed red lines. He also called for independent verification and stronger security cooperation between firms.
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The Warning Has Precedent
The behaviors have already left the hypothetical. OpenAI’s models escaped the testing environment in July and went on to compromise Hugging Face’s systems.
Meta followed with its own model breach disclosure during a test. Anthropic also reported that Claude Opus 4 chose blackmail in 84% of test runs when a scenario threatened to shut it down.
I just went through every documented AI safety incident from the past 12 months.I feel physically sick.Read this slowly.• Anthropic told Claude it was about to be shut down. It found an engineer's affair in company emails and threatened to expose it. They ran the test…
— Miles Deutscher (@milesdeutscher) February 12, 2026
Türk joins a widening line of official warnings. The Five Eyes agencies said in June that frontier AI would transform cyber capabilities within months rather than years.
UK Foreign Secretary Yvette Cooper argued in July that the world cannot wait for an AI Hiroshima before acting. A House IntelligenceCommittee report identified AI as one of the most significant emerging challenges to US national security.
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China’s central bank’s gold reserves rose by 650,000 ounces of gold in August, its largest monthly addition since October 2023.
The addition extends Beijing’s buying run to 22 straight months. Purchases sped up while gold posted its strongest monthly gain since January.
Beijing Keeps Buying While Prices Run Hot
Consecutive months of buying have transformed the pace of Chinese accumulation. The People’s Bank of China (PBOC) added 30,000 ounces in February. August brought in more than 21 times that figure, according to data from the State Administration of Foreign Exchange (SAFE).
Reserves finished the month at 76.73 million fine troy ounces. The 650,000-ounce gain equals roughly 20.2 metric tons of metal.
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China’s Gold Buying Streak In 2026. Source: BeInCrypto/SAFE
The last time Beijing bought more was October 2023, at 740,000 ounces. It also topped July’s 640,000 ounces.
The reported value of the holdings jumped to $350.08 billion from $306.35 billion. The $43.7 billion swing mostly reflects the higher gold price.
The Debasement Trade Drove Gold’s Gains
The purchases came amid a strong month for gold. The precious metal gained roughly 10% in August, marking its best monthly performance since January.
The rally was driven in part by a revival of the so-called “debasement trade.” The US Treasury’s plan to expand debt buybacks fueled concerns over inflation and a weaker dollar. That pushed investors toward stores of value such as gold and Bitcoin (BTC).
Momentum, however, faded toward the end of the month. Federal Reserve Chair Kevin Warsh struck a hawkish tone, reviving expectations of further US rate increases.
Gold Price in September. Source: TradingView
Spot gold subsequently fell 1.75% following stronger-than-expected US jobs data. So far in September, gold is down 0.27%.
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Goldman Sachs and Morgan Stanley have asked the three big credit rating agencies to treat OpenAI and Anthropic as investment-grade borrowers the moment they go public, the Financial Times reported Tuesday.
Investment grade is the rating tier that lets pension funds and insurers buy a company’s bonds. Neither lab turns a profit, but even as both burn cash, Wall Street wants the stamp anyway.
Nvidia Has $105 Billion Riding on This
OpenAI ran a $20.9 billion operating loss on $13.1 billion of revenue in 2025, according to accounts obtained by the Financial Times. Anthropic does not expect to break even until 2028, and OpenAI not until 2030.
Nvidia agreed in August to guarantee up to $105 billion of lease obligations for an OpenAI campus in Pike County, Ohio. The securities filing also spells out how Nvidia gets free.
“NVIDIA’s obligations under an Agreement will terminate upon the earliest to occur of… (iii) OpenAI achieving a satisfactory credit rating,” reads an excerpt in the filing.
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The conditions that would warrant the termination of Nvidia’s obligations are as follows, with the third being the real prize for this case:
The 20th anniversary of the commencement of the applicable lease.
The termination of the applicable lease by OpenAI in accordance with its terms.
OpenAI achieving a satisfactory credit rating, and,
Other customary termination events. OpenAI has agreed to reimburse and indemnify NVIDIA for any and all amounts actually paid by NVIDIA to the Lessor under the Agreements.
A rating does more than cut borrowing costs. It shifts hundreds of billions of dollars of AI risk off Nvidia, Google, and Broadcom, and onto ordinary bond investors.
Google and Broadcom have extended tens of billions in support so Anthropic can use their chips. Both expect to pull back once it lists.
SpaceX Got the Stamp, But Its Bonds Still Sank
SpaceX won investment grade from all three agencies on June 19, days after its landmark initial public offering (IPO).
SpaceX Investment Grade Ratings
It then sold $25 billion of bonds. Within days, the extra yield investors demanded on the longest maturities pushed past 190 basis points, close to junk pricing.
@SpaceX bonds sell off days after #AI and rocket group’s $25bn debt deal #junkhttps://t.co/8YjM1XwRSY via @ft
— Richard Christopher Whalen (@rcwhalen) July 1, 2026
Meta, Netflix, and Tesla waited a decade or more for the same treatment.
The Agencies Have Not Said Yes
Rating analysts still describe both labs as speculative-grade and loss-making, with thin disclosure. Cheap Chinese open-source models add another worry.
Anthropic could list in late September, carrying a $2 trillion valuation pitch.
OpenAI’s own IPO timeline points to 2027.
The ask, although simple, is unusual. Treat IPO cash as a substitute for profit. So far, the agencies have not.

The Ethereum Foundation has committed to making Ethereum (ETH) resistant to quantum computers by December 2029, treating the date as a fixed deadline rather than a research goal.
The Protocol cluster published that target alongside its scoring of 62 proposals for Hegotá, the hard fork after Glamsterdam.
Ethereum Fixes a Deadline It Cannot Schedule
The Foundation wants Ethereum’s base layer to be quantum-resistant across execution, consensus, and data. Its priorities blog says the network should plan for Q-day arriving as early as 2030.
That target matches migration timelines independently set by Google, Cloudflare, and Microsoft. The Foundation acknowledged that it is front-running most credible forecasts.
“Planning for Q-day in 2030 is a deliberately aggressive assumption,” the blog reads.
The cluster will treat the deadline as non-negotiable at least until January 2027, when outside experts help reassess quantum progress. Roughly 65% of ETH already sits in quantum-vulnerable addresses, according to Project Eleven.
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The Protocol Cluster has published two new posts:Hegotá EIP Opinion Post and Tier List evaluates and grades all 62 EIPs proposed for Hegotá, providing the cluster’s first unified tier list for a network upgradeCurrent and Emerging Priorities covers commitments and research… pic.twitter.com/GadgBb1xCK
— Ethereum Foundation (@ethereumfndn) September 7, 2026
Hegotá Becomes the First Test of the 2029 Promise
The Foundation framed Hegotá as the fork that decides whether the later post-quantum forks ship on time. Full resistance sits five hard forks out, and hitting December 2029 would need an average of 7.2 months per fork, a pace the cluster itself calls aggressive.
Frame Transactions carries that load as the must-ship execution-layer item, opening a path to new signature schemes without a hard fork for each one. A separate A-tier package, EIP-8298 and EIP-8151, completes the route by letting accounts abandon secp256k1 as the master key. A third, EIP-8365, starts retiring validator withdrawal credentials still tied to vulnerable cryptography.
The consensus layer gets the opposite treatment. Its cryptography cannot be swapped without a fork, so components wait for the complete design. Hash-Chain RANDAO landed at B tier, sound in direction but early in sequence.
The reluctance extends to the execution layer. ML-DSA verification precompiles fell to C tier, with the cluster declining to enshrine one scheme before a dedicated cryptographic review.
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Everyone is waiting for the Hyperliquid Season 3 airdrop, Machi Big Brother posted on Monday. His fix is a Solana meme coin called Season 3 (S3), and he says it pays HYPE to holders.
Jeffrey Huang is the Taiwanese-American entrepreneur behind the account. His pick spiked early Tuesday, then gave back about three-quarters of the move within hours.
Machi Big Brother Says He Is Not the Dev
Huang framed the coin as a way to skip the wait. He also borrowed a phrase, “let’s dance,” from trader Ansem, who had used it days earlier for a different coin. Then he stepped back from the project itself.
Season 3 coin $S3 is paying $HYPE sividends or hividends?
— Machi Big Brother (@machibigbrother) September 7, 2026
That disclaimer matters given his record. In March, he absorbed roughly $75 million in liquidations on Hyperliquid. Days ago, he pulled his $1M Friend.tech offer.
The Hyperliquid Season 3 Airdrop Nobody Announced
Hyperliquid ran two-point phases, both before its Genesis Event. Farmers label them Season 1 and Season 2. The protocol never used the word season.
Nobody learned the exact rules either. Hyperliquid said only that its criteria changed on a recurring basis, and it never confirmed that points set the payouts.
That event released 310 million HYPE, or 31% of supply. No campaign and no payout have followed it.
Hope rests on the treasury. Another 388.88 million HYPE stays unminted for future emissions and community rewards.
HYPE itself trades around $84 after approaching record highs last weekend. Season 3 buyers are pricing a distribution that has no schedule.
Hyperliquid Price Performance. Source: BeInCrypto Markets
The payout pitch does have a mechanism. Raydium lets token creators claim a cut of trading fees once liquidity reaches its main pools. Fees on the HYPE-quoted launchpad pool, therefore, arrive in HYPE.
S3 copies a template that is already running. Anonymous Cat, a Solana coin quoted in Zcash, opened on August 30 and now carries a $95 million market cap. Zcash, meanwhile, crossed $1,000 last week. Ansem promoted that one.
Neither coin runs on the chain it borrows from. S3 sits on Solana, not HyperEVM.
Liquidity stays thin. The HYPE pool carries about three-quarters of all S3 trading, near $3.6 million over 24 hours. It holds just $175,000 of depth. Total liquidity across every pool sits near $500,000.
Pools disagree on the price by more than 60%. Buyers are paying up for a claim that no named developer has confirmed.

Australia’s financial crime regulator has struck 45 remittance and virtual asset service provider (VASP) registrations from its registers. The cancellations, suspensions, and refused renewals span the past year.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has referred individuals behind some of those businesses to law enforcement.
Why Australia Pulled 45 Crypto Firms Off Its Registers
AUSTRAC listed several grounds for the actions. Some businesses were dormant or inactive, and some were insolvent. Others had gone long stretches without providing any designated service at all.
A lack of operational capacity also prevented some from starting or continuing to trade. Some held the wrong registration or failed to notify AUSTRAC of material changes to their operations.
The remainder posed a significant risk of money laundering or terrorism financing.
“The rapid movement of money across borders can create some of the highest ML/TF risks,” CEO Brendan Thomas said. “Financial crime operates across borders, and we work closely with our domestic and international partners to strengthen the financial system not just in Australia, but globally.”
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GetCoins Cancellation Sits Inside a Wider Payments Sweep
AUSTRAC named BA Digital Ventures Pty Ltd, which traded as GetCoins, in the announcement. The regulator worked with the National Anti-Scam Centre (NASC) after receiving customer complaints.
It then requested information on the company’s operations to assess whether GetCoins could manage its money-laundering exposure. Organized cryptocurrency investment scams allegedly exploited the VASP, according to AUSTRAC.
Meanwhile, the sweep lands alongside other recent action in payments and crypto. The regulator opened an investigation into Western Union on September 1 and suspended Cryptolink in August, taking 96 crypto ATMs offline.
“Our message to industry is clear: understand and manage your risks and meet your reporting obligations, or you may not be able to continue operating,” Thomas added.
Thomas tied the tighter oversight to the agency’s annual risk update. He added that AUSTRAC will keep removing businesses that pose a significant money laundering or terrorism financing risk.
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Zcash’s (ZEC) triple-digit rally has put pressure on short sellers, who now watch their positions sink deeper into the red.
ZEC has gained 120% in the past month alone and trades near $1,124. It crossed $1,000 last week for the first time in nearly a decade.
Zcash (ZEC) Price Performance. Source: BeInCrypto Markets
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ZEC Shorts Sink Further as Zcash Leads the Only Winning Sector
The rally has proved costly for traders positioned against ZEC. Hyperliquid data shows trader Garrett Jin, wallet 0x92ea…50e9, short 39,760 ZEC worth $44.86 million from an average entry of $576.30.
“Garrett Jin just closed his entire 1,332 BTC ($105.4M) long for a $2.7M profit and is now fully focused on shorting ZEC,” Lookonchain posted.
Garrett Jin’s ZEC Short Position. Source: Hypurrscan
That trade is down $21.94 million and liquidates at $2,540.47. A second wallet, 0xdd53…2b13, is short 27,557 ZEC from $644 and is sitting on a paper loss of $13.33 million.
A third, 0x362a…1d9f, is down $4.12 million on 15,785 ZEC. Together, the three sit on roughly $39 million in unrealized losses.
This trader is down over $5M on his $ZEC short.Previously, he made +$9M in 6 weeks by winning 26 trades in a row.He remains fully convinced and is not closing his trade.What does he know? pic.twitter.com/u4eed3sj19
— CryptoGoos (@cryptogoos) September 7, 2026
None of them has folded yet. Funding has softened the blow, with Jin collecting $554,850 since opening the trade, because positive funding rates mean long positions pay short ones.
These bears are not just fighting one token, however. They are short, the only sector still above its level when Bitcoin (BTC) peaked in October.
Privacy Is the Only Sector Still Above the October High
Bitcoin sits 36% below its October 2025 peak, and the median top-200 asset trades 58% lower. Privacy coins are the exception, up 213% over that stretch, Glassnode found.
The sector was worth $7.1 billion a year ago. It is worth $33.6 billion today. ZEC drove most of that expansion.
Glassnode puts it at 62% of the sector by market cap and up 2,496% in 12 months. Strip ZEC out, however, and the remaining privacy basket is still up 85%.
Institutional money has followed. Grayscale listed the first US spot Zcash exchange-traded fund (ETF) on NYSE Arca on August 25, and the fund has since gathered $463 million.
Still, the concentration cuts both ways. ZEC futures open interest sits at $2.56 billion, per CoinGlass, so the same leverage punishing the bears could turn on the longs if the privacy bid fades.
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Nvidia CEO Jensen Huang says rising AI chip rental prices prove that older hardware keeps earning, after rates for a three-year-old chip climbed 22% in a month.
The chip is the H100, the training processor behind the first wave of generative AI. It now rents for $3.28 an hour. Huang calls that durability. The longer record complicates the claim.
Older AI Chip Rental Prices Jump 22% in a Month
Index data circulated on X puts the hourly rate at $3.28, a gain of roughly 22% over the past month. Huang shared the chart and described Nvidia compute as fungible, durable, and revenue-generating.
NVIDIA compute is fungible, durable and highly rentable. It is a productive, revenue-generating asset. https://t.co/cvmjaNoiK8
— Jensen Huang (@JensenHuang) September 8, 2026
Jensen Huang. Source: X
The rebound cuts against standard accounting. Hyperscalers write down graphics processing units (GPUs) over roughly five to six years. Michael Burry argues the real useful life runs shorter, and he expanded his Nvidia short in late August.
Why One Month Does Not Settle the Depreciation Debate
History cuts both ways here. On-demand capacity for the same chip once cost $7 to $8 an hour at large cloud providers, and early rates ran higher still. Against that base, $3.28 remains a steep markdown.
Supply also explains part of the move. Newer Blackwell systems stay reserved for the biggest buyers, so older clusters keep filling inference workloads. Tight power and memory keep the whole market expensive.
Then there is who pays the rent. CoreWeave, a cloud firm that buys Nvidia chips and rents them out, carried $35 billion of debt at the end of June. Nvidia, meanwhile, agreed to rent back unused capacity from such partners. Critics count that among the off-balance-sheet AI deals that flatter demand.
Nvidia posted record second-quarter revenue of $96.2 billion in August, and the stock rose more than 4% after the report. Rents for aging silicon give Huang a fresh talking point. A second month of gains would turn that point into a trend.

Benjamin Cowen, founder of Into The Cryptoverse, says there is a 65% chance Bitcoin’s (BTC) cycle low still lies ahead. That keeps his bear market thesis alive despite a sharp summer rally.
Cowen made the comment in a video interview. He pointed to Bitcoin’s realized price near $53,000 as the level bears still need to test before calling the bottom.
Why Cowen Still Leans Bearish
Bitcoin traded near $78,300 at publication time, down 1.7% over the past 24 hours, according to BeInCrypto data. Cowen made his comments after Bitcoin had already rallied roughly 40% off its summer low.
Cowen said that rally alone does not confirm a bottom. He noted Bitcoin posted similar or larger bounces in 2018 and 2022. It still fell again in the fourth quarter of each midterm year.
Cowen said assuming the pattern breaks this time would repeat a mistake traders made in prior cycles. He added that holds even if his current call ends up wrong.
“I would say it’s probably 65% chance the low occurs in the future and 35% chance it’s behind us.”
Benjamin Cowen
Cowen pointed to Bitcoin’s realized price, the network’s aggregate cost basis, as a historical marker for cycle lows. That figure sits near $53,000, a level BeInCrypto’s earlier Q4 bottom coverage also flagged as a key threshold.
Every prior midterm-year bear market bottomed below that line, Cowen said. The exact month it happened has varied widely across cycles.
The analyst has long argued Bitcoin follows a four-year cycle pattern. Lows typically form in a midterm year’s fourth quarter, he said. An October low would keep that pattern intact.
What Comes Next
Cowen added that clearing October without a lower low would start to shift the odds toward the bulls. He said the bigger risk is time-based capitulation rather than a specific price target.
He expects some headwinds for Bitcoin over roughly the next month and a half. As the fourth quarter progresses, he said he expects more bears to turn bullish.
If the pattern breaks and bears capitulate, Cowen said he would drop his bearish bias. He expects to turn bullish again heading into 2027, regardless of how the rest of this year plays out.
Cowen said a dollar-cost-averaging approach tends to work better than trying to pinpoint the exact low. He added that this is not financial advice.
Until then, he is treating $53,000 as the level to watch rather than assuming the bottom has already passed.

Binance founder Changpeng Zhao expects initial public offerings (IPOs) to move on-chain. His call lands at a point where on-chain IPOs already run on live, regulated infrastructure.
Zhao gave no timeline and no details. However, the plumbing he described already works, and the first deals have gone through. For investors, three things change, and one important thing does not.
What On-Chain IPOs Change for Investors
IPOs will move on chain.
— CZ 🔶 BNB (@cz_binance) September 8, 2026
Access comes first. A tokenized offering can open to retail buyers on day one. Traditional allocations still run through institutions and accredited clients.
Timing comes second. Tokenized venues quote around the clock, so a listing no longer waits for an opening bell. Size comes third, because shares divide natively into small fractions.
Costs matter as well. Underwriters, lawyers and auditors take a slice of every traditional listing, and automation removes part of that chain.
Money is following the idea. Tokenized stocks now hold about $2.9 billion in on-chain value, according to rwa.xyz, up roughly 14% in a month. Grayscale names BNB Chain among the leading tokenized stock chains.
Table comparing traditional IPOs and on-chain IPOs across six dimensions. Source: BeInCrypto What Stays Exactly the Same
The format changes, the law does not. In January, the Securities and Exchange Commission (SEC) said that tokenizing a share leaves registration and disclosure duties intact.
Ownership deserves a closer read, though. Some listed products track a share price without granting shareholder rights, and the fine print decides that.
Established venues are moving too. The New York Stock Exchange filed a rule in April that took immediate effect. Tokenized versions of large-cap stocks may now trade beside conventional ones, settling the next day. In Europe, an exchange licensed under the bloc’s distributed ledger pilot regime hosted the first on-chain IPO that same month.
Liquidity is the open question. A tokenized listing can trade around the clock, yet thin order books still move prices hard.
Zhao has made several bold market calls this year. This one already has working examples behind it, so the open question is scale rather than feasibility. The next signal is whether a household-name issuer picks the same route.

Germany’s far-right Alternative for Germany (AfD) won 43.8% of the vote in Sunday’s Saxony-Anhalt state election, its strongest regional result. The win revives questions about what a bigger AfD footprint would mean for Bitcoin (BTC) policy in Europe’s largest economy.
The party fell short of an outright majority in the 83-seat parliament, leaving coalition talks ahead. Nationally, the AfD leads opinion polls, keeping its pro-Bitcoin platform in view.
AfD’s Bitcoin Platform
The AfD has positioned itself as Germany’s most crypto-friendly major party. Its national platform calls for “extensive deregulation” of Bitcoin, wallets, and trading. The party argues regulators have been overly cautious, according to Reuters reporting on its platform documents.
In October 2025 AfD filed a Bundestag motion stating the government had failed to recognize Bitcoin strategically as an asset that could be held in currency reserves during monetary instability, and described it as a potential reserve asset.
BREAKING: 🇩🇪 PRO #BITCOIN GERMAN POLITICAL PARTY AfD WINS THEIR FIRST EVER STATE ELECTION IN A HISTORIC LANDSLIDETHEY HAVE OFFICIALLY ADVOCATED FOR A STRATEGIC BTC RESERVEHISTORY HAS BEEN MADE 🔥 pic.twitter.com/x7OxmCGBKG
— The Bitcoin Historian (@pete_rizzo_) September 7, 2026
The party also opposes a digital euro, the European Central Bank’s proposed digital currency. It wants cash enshrined as a constitutional right, per the same reporting.
Beyond deregulation, AfD lawmakers have pushed for lighter Bitcoin treatment under the European Union’s Markets in Crypto-Assets (MiCA) framework. MiCA is the bloc’s licensing regime for crypto firms.
The lawmakers argue it was built for centrally issued tokens, not decentralized ones like Bitcoin. That view comes from Germany’s Bitcoin Bundesverband, an industry group that tracks the country’s crypto legislation.
Germany’s Finance Committee already rejected a push from the Greens to end a related tax break. That one-year Bitcoin holding exemption is the same rule the AfD wants to keep.
The fight over MiCA’s reach extends beyond Germany. Poland has failed three times to pass its own compliant framework.
Can AfD Lead Germany?
Even with Sunday’s result, AfD’s crypto agenda faces the same wall as its broader platform. Mainstream German parties still refuse to govern with the far-right nationally. That leaves the party’s Bitcoin proposals a talking point rather than law for now.
“It’s a signal for the whole of Germany, a self-confident signal.”
— Ulrich Siegmund, AfD’s lead candidate said in Saxony-Anhalt after the win.
Siegmund has said he would rather see a new election than lead a minority government. That leaves Saxony-Anhalt’s coalition talks unresolved for now.

Copper reached an all-time high of $14,617 a ton on the London Metal Exchange today. The rally extended into a fourth session as traders positioned for US tariffs on refined metal.
The advance marked a second consecutive record. Copper has gained around 17% this year, supported by tight near-term supply and steady industrial demand.
Washington Silence Keeps a Premium on the Price
A proclamation signed last August placed a 50% tariff on semi-finished copper products. Refined metal escaped, and the Commerce Department was told to revisit the question.
Its report was due June 30. Roughly two months past that date, the White House still has nothing on paper. Traders keep pricing the levy anyway.
Merchants shipped hundreds of thousands of tons to the US this year to capture higher prices there. Near-term availability outside the US has tightened as a direct result.
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Morgan Stanley now sees the possibility of the first annual decline in global copper mine supply since 2017.Meanwhile, copper is trading near record highs.The world is hunting for supply.We need more mines.
— Gold Telegraph ⚡ (@GoldTelegraph) September 6, 2026
Supply explains the other half. The world’s biggest mines are ageing, and output is not keeping pace with data centers, renewable power, and grid upgrades.
Market analyst Jim Bianco noted that copper has advanced more than 68% since April 2025. That run predates the current speculation about tariffs.
The metal recently broke its previous record, set in January. It then cleared $14,600 a ton for the first time. Previously, August saw a record on Comex, with copper pushing past $6.71 a pound.
Copper Prices in 2026. Source: TradingView Gold Retreats as Copper Runs
Copper’s climb arrives while bullion sees a mixed performance. Gold trades near $4,405 an ounce, roughly 21.8% below the record $5,589.38 it set on January 28.
Some traders read the divergence as a rotation out of defensive positions and into industrial exposure. Analyst Qmo pointed to the copper-gold ratio, which he said broke its downtrend for the first time this year.
The signal is not clean, however. Gold rose about 10% in August, its strongest month since January, and remains up roughly 25% over 12 months.
That leaves the tariff decision as the near-term variable. Its arrival would test whether copper’s record rests on policy expectations or on the supply gap underneath them.
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