加密城市 Crypto City

In its latest report, research firm Bernstein maintained its “Outperform” rating on Robinhood Markets and set a $160 price target. Compared with Robinhood’s Friday closing price of $122.11, that implies there is still roughly 31% upside.
Bernstein analyst Gautam Chhugani’s team summarized the progress on Robinhood Chain over the past two-plus months in one sentence: “The chain is now earnings.” This chain is now generating profits.
Since Robinhood Chain launched on July 1, TVL has quickly surpassed $1.5 billion, and DEX cumulative trading volume has exceeded $50 billion. But what Bernstein is really paying attention to isn’t the size of on-chain assets—it’s that Robinhood has already started pulling in substantial real revenue from these trades.

Tenev, for the first time, publicly responded, saying that issuing stock tokens does not require AMC’s approval.
The controversy over stock tokens between Robinhood and the U.S. chain of movie theaters AMC Entertainment continues to rage on. On September 9, Robinhood chairman and CEO Vlad Tenev appeared on CNBC (Squawk Box) and, for the first time, publicly gave detailed answers to criticism from AMC CEO Adam Aron, emphasizing that Robinhood has the right to issue and list financial products linked to publicly traded company stocks.
Source: CNBC Robinhood chairman and CEO Vlad Tenev, for the first time, publicly responded to criticism from AMC CEO Adam Aron, emphasizing that Robinhood has the right to issue financial products linked to publicly traded company stocks.

Semiconductor lithography leader ASML and Taiwan Semiconductor Manufacturing Co. (TSMC, 2330) have officially announced a deep strategic partnership. They confirmed that starting in 2030, TSMC will introduce high numerical aperture extreme ultraviolet (High-NA EUV) technology into advanced-process mass production, and together will launch the most radical industrial revolution in the history of chip manufacturing—upgrading the current 6-inch photomask specifications to “12-inch photomasks” by doubling them. The two sides plan to set up pilot production lines for 12-inch photomasks before 2031, and achieve full system readiness for mass production by 2033. This move not only overcomes the exposure-physics limitations of next-generation giant AI chips, but also positions TSMC to leap from a “technology adopter” to a global “rule maker.” Analysts also specifically pointed out that Jia-Deng (3680) and Far Sight (6196) will directly benefit from Taiwanese fabs.

Consensys splits into two; MetaMask transforms into an independent company
Ethereum infrastructure developer Consensys has announced a major restructuring. Consensys Software Inc. announced on September 9 that it plans to split into two independent operating companies by the end of 2026—separating MetaMask, which is aimed at general users, from its development of Ethereum protocol and institutional-grade blockchain infrastructure business.
Under the plan, the existing Consensys Software Inc. will be renamed MetaMask, with Ethereum co-founder and Consensys founder Joe Lubin serving as chairman and CEO. Going forward, it will focus on self-custody financial services.

$LAPTOP surged to $190 within 2 minutes of listing, then plunged by 99% within hours
The meme coin $LAPTOP launched by U.S. former President Joe Biden’s son, Hunter Biden, saw extreme volatility after its official launch. The token deployed on Coinbase Layer2 network Base was opened for trading at 20:00 (Taipei time) on September 9. After a brief surge in price, it quickly collapsed.
Related news: Biden’s son launches the meme coin LAPTOP! If you’re a Trump coin victim, you can get a freeirdrop
Blockchain analytics firm Arkham data shows that after $LAPTOP was listed for about 2 minutes, it once hit a high of $190.81. At that time, the fully diluted valuation (FDV) was nearly $144 billion, but the liquidity pool was only about $48,000.

BitMart’s business resumption blueprint is delayed—replacing its prior plan by hiring A&M to review the company’s financial position, but the withdrawal schedule remains a mystery.
A new variable has emerged in cryptocurrency exchange BitMart’s restructuring and business restart plan. On September 9, BitMart announced that it has formally hired the global consulting firm Alvarez & Marsal (A&M) as an external financial adviser to assist in assessing the company’s financial situation, issues involving stakeholders, and withdrawal arrangements, as well as to develop a short-term action plan.
BitMart previously promised to announce, at the latest, a potential restructuring and business resumption roadmap by September 9, but did not submit a complete proposal that day—only announced the appointment of A&M and the subsequent assessment timeline.

Bitcoin has recently been caught in a standoff around the $80,000 mark. At first glance, the market appears to be moving sideways, but positions in the derivatives market continue to increase.
On-chain analytics firm Glassnode’s latest data shows that Bitcoin spot momentum has fallen by 30% over the past week. Meanwhile, open interest in futures and options has risen in tandem, causing the market to gradually form a structure of “spot cooling down, leverage increasing.” The next core question may be not only whether Bitcoin can break through $80,000, but whether leverage will accumulate too quickly before genuine spot demand returns.
Glassnode’s (BTC Market Pulse: Week 37) released on September 8 shows that at the time, Bitcoin was around $79,100. It rose by only 0.7% over the week, trading mainly in a range of $77,300 to $81,300. This indicates that after the sharp surge at the end of August, the market has moved into a consolidation phase.

BitMine Immersion Technologies (BMNR), the world’s largest publicly listed Ethereum reserve holder, continues to accumulate. According to the company’s latest disclosure, it purchased another 28,086 ETH last week, bringing its total ETH holdings to 5,929,198. It now has only about 3% left to reach the target set by Chairman Tom Lee of “holding 5% of the world’s ETH.”
A filing submitted by BitMine to the U.S. Securities and Exchange Commission (SEC) on September 8 shows that, as of 2:00 p.m. Eastern Time on September 7, the company held 5.929 million ETH. Using Coinbase’s price of $2,495 per ETH at that time, the holdings were valued at approximately $14.79 billion.

Bitcoin has recently been repeatedly fluctuating around the $78,000 to $80,000 range. Above $82,000 remains a clear resistance, but on the other side of the market, another force is accumulating—one that is less easily seen from spot trading volume: traders who previously sold large amounts of bitcoin options and shorted volatility. If the price suddenly rallies again, they could shift from being market sellers to becoming forced buyers.
The latest quotes show that Bitcoin is currently around $79,000. Alexander Blume, founder and CEO of Two Prime, noted that institutional investors had repeatedly sold BTC call options in the past, driving implied volatility to a very low level. If the price pushes up again quickly, those traders may be forced to buy back options or add hedging positions, which in turn could provide additional buying pressure for BTC.

Google engineering director joins brain-machine startup Subsense
(The singularity is near.) Author and Google engineering director Ray Kurzweil has recently announced that he is joining brain-machine interface startup Subsense as a product and vision advisor. He will provide guidance on the company’s product and technology development direction, and share his views on how the integration of AI and neural interfaces could reshape human-computer interaction.
He believes the purpose of human existence is to continuously explore new frontiers and expand the self. Rather than accelerating humanity’s ability to use AI, external devices such as smartphones slow it down. Ultimately, he hopes to integrate smartphones with the brain.

27-year-old Anthropic researcher quits; a single post shocks the community
“In a few years, AI could destroy humanity, but no one will be held responsible.” Today (9/9), Jacob Coxon, a 27-year-old researcher at Anthropic, announced his resignation on the social platform X and sharply criticized the AI giants for being irresponsible. His post has already surpassed 30 million views, sparking heated discussion among netizens. Renowned artist Beeple also drew an image to pay his respects.
Over the past three years, Coxon worked on pre-training research at OpenAI and Anthropic, but he believes both companies have failed to properly take responsibility. They are racing full speed toward superintelligence with the ability to self-improve—essentially betting the lives of all humanity.

According to a report by Korean media, a 7-day report released by Korea’s KB Securities states that Samsung Electronics and SK hynix’s memory inventory has fallen to a level of less than 10 days. With AI infrastructure investment expanding at an unprecedented pace, the memory market may face the tightest supply environment in history next year, and in extreme cases, available inventory for sale could be directly depleted.
Only 10 days of memory inventory left? Before taking orders, first consider whether there will be stock.
KB Securities Research Director Kim Dong-won said that as of this year’s third quarter, the memory inventories of the two Korean manufacturers have already dropped below 10 days. He believes this is no longer just a simple recovery in demand, but could evolve into a situation where “the quantity available for sale itself gets used up.” Kim further noted that AI servers don’t just consume HBM; they also simultaneously absorb demand for server DDR5 and enterprise SSDs (eSSD). Ultimately, this could lead to a shortage wave at an unprecedented, historic level.

UBS teams up with eight companies; CHFD enters the practical testing phase.
Switzerland’s finance sector continues to explore the use of fiat-backed stablecoins. On September 8, UBS announced that a Swiss franc stablecoin sandbox jointly promoted by multiple Swiss banks and fintech companies has officially entered the testing phase, with two new partner organizations added: SIX, the operator of the Swiss stock exchange, and TWINT, a payment platform.
The number of companies currently participating in the program has increased to nine, including UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV, SIX, TWINT, and Swiss Stablecoin AG.

A segment showcasing a video recently sparked debate on X: OpenAI’s latest model, GPT-6 Astra, cleared all 48 levels of the browser game “I’m Not a Robot.” The video was published by AI developer Sharif Shameem and reposted by developer “Xia Hu.” It came with the line: “Verification codes on all websites’ CAPTCHA protections have failed.”
Let’s be clear: this is “a puzzle game where you clear a joke CAPTCHA,” and it doesn’t mean that CAPTCHAs on websites around the world all fail overnight. What it points to, though, is a real trend that’s currently taking shape—one worth considering from the perspectives of cybersecurity and the encryption industry.

Visa’s stablecoin settlement breaks through $20 billion, up more than 15x year over year
Payment giant Visa continues to expand its stablecoin business footprint. On September 8, Visa announced that it will combine VisaNet settlement data with on-chain lending infrastructure to help issuers of stablecoin-linked cards and fintech companies obtain operating capital, reducing the funding pressure that emerging payment providers face at the initial stage of card issuance.
Behind this expansion is the rapid growth of Visa’s stablecoin business. Visa said that the annualized scale of stablecoin settlement volume has surpassed $20 billion, increasing more than 15 times compared with the same period last year.

Arm enters physical AI; 9 Taiwanese manufacturers including TSMC and Realtek are expected to benefit
Global semiconductor IP leader Arm announced yesterday (9/8) that it will fully expand its ecosystem design efforts into the physical AI domain, launching “Arm Comprehensive Physical AI Design.” The company is inviting more than 80 enterprises spanning the technology stack to join, covering AI models, software, compute hardware, sensors, virtual platforms, and digital twins.
Among Arm’s first batch of robot teams, international partners include AWS, ECARX, Hugging Face, Liquid AI, NXP Semiconductors, PlusAI, PSYONIC, QNX, Alibaba, Google Cloud, Tongyi Qianwen, Siemens, and Unitree Technology, among others.

Palantir CEO Alex Karp and U.S. Secretary of Commerce Howard Lutnick held a summit discussion at the G20, delving into the close relationship between artificial intelligence and national sovereignty. Karp emphasized that countries should build their own dedicated AI application layer, ensuring computing power and energy supply, and urged leaders to actively recall overseas experts in a form of “digital patriotism” to persuade technical talent to return home and serve, thereby preventing the leakage of state secrets.
AI application layer maintenance decisions are precise, preventing data leakage
Karp believes that the AI application layer plays a crucial role in building a nation’s digital sovereignty. Directly adopting frontier models often lacks precision and their performance can easily degrade over time. A dedicated application layer can help decision-makers ensure transparency and verifiability. In addition, combining the application layer with an integration layer (ontology) allows countries to train models in closed and secure environments, preventing sensitive confidential information and unique advantages from being leaked to foreign tech vendors. This framework is also flexible, able to adjust to different security levels depending on the sensitivity of the task. Countries can therefore make flexible use of less powerful domestic models (indigenous models) or open-source models to handle specific matters, reducing dependence on foreign big tech companies.

A major reversal has occurred in the incident involving the abnormal outflow of nearly 4,000 BTC from the Bitcoin sidechain Liquid Network. The party claiming to be a “white-hat hacker” has returned 3,400 BTC to Liquid Federation. Estimated at the value based on the exchange rate at the time of transfer, this is worth about $269 million, equivalent to recovering roughly 85% of the funds. However, around 598.5 BTC, worth approximately $47 million, remains in the counterparty’s controlled addresses, and the incident has not yet fully ended.
SideSwap indicates that at 14:05 on September 6 (UTC), a customer sent 4,000 L-BTC to its peg-out service. The system destroyed the L-BTC according to normal procedures and obtained a valid peg-out authorization. About 23 minutes later, Liquid Federation paid approximately 3,996 BTC to the relevant address on the Bitcoin mainnet.

Ethereum holds above $2,400, with $2,500 acting as a key near-term resistance
After a strong rebound in August, Ethereum ($ETH) entered a crucial consolidation phase in September. According to TradingView data, as of the time of writing, Ethereum is at $2,491. Over the past 24 hours, the highest reached $2,507, while the low came down to $2,441. The price has continued to oscillate around the $2,500 level.
Source: TradingView Ethereum is trading at $2,491, continuing to fluctuate around the $2,500 mark over the past 24 hours
Ethereum rose 32.6% in August on a cumulative basis. In the late August period, it quickly surged from around $1,900 to above $2,500 within just one week. After entering September, the price has not noticeably given back this rally; it is currently consolidating mainly in the $2,400 to $2,510 range.

Meta, in the U.S. on September 2 (Taiwan time September 3), announced its new flagship model Muse Spark 1.3. Starting that day, its existing reasoning modes can be paid for via Muse Code and the Meta Model API. Officially, Meta said that the max reasoning mode will be released only after additional security testing is completed. It will also be gradually expanded to social platforms such as Instagram and Facebook, as well as Meta AI.
Meta Chief Artificial Intelligence Officer Alexandr Wang (Wang Tao) said in a Bloomberg interview that this is the company’s "largest performance leap of all time." He also noted that the new model has caught up with the models recently released by OpenAI and Anthropic in both code writing and agentic tasks—that is, the ability to independently plan and execute multi-step work.