BeInCrypto Global

Is Donald Trump trying to buy the US midterm elections? He promised every American $5,000 if Republicans win in November. But there’s a lot more nuance to it.
At the GOP convention in Dallas, Trump promised every adult American a “Trump Dividend” if Republicans keep control of Congress in November. The bill would cost around $1.2 trillion.
While it sounds illegal, Trump is hardly the first president to tie an election result to cash landing in voters’ bank accounts.
And every time this happened in the past, financial markets, including crypto, reacted.
Stimulus Cash History, Trump Vs Biden Free Money for the Markets?
In January 2021, Joe Biden told Georgia voters that electing Jon Ossoff and Raphael Warnock would unblock $2,000 stimulus checks. They won, and Democrats took the Senate. Biden later signed $1,400 payments, completing the $2,000 total with earlier $600 checks.
Markets noticed. Cleveland Fed research found a significant jump in Bitcoin purchases around the exact $1,200 amount after Trump’s first COVID checks arrived in April 2020. Bitcoin trading volume rose about 3.8%. BTC also climbed sharply over the following month.
Stocks showed a similar effect. An NBER study found the first two US stimulus rounds increased retail buying and pushed up prices in stocks favored by retail investors.
Then came Biden’s $1,400 checks in March 2021. Bitcoin was already in a bull market, but moved from roughly $56,500 to above $60,000 within days. The S&P 500 also climbed through the following month.
But free cash does not necessarily guarantee a rally.
Former Republican Presidents Followed a Similar Strategy
George W. Bush sent tax rebates in 2001 and again in 2008. Stocks fell through much of both periods as the dot-com crash, 9/11, and the financial crisis overwhelmed any boost from household cash.
COVID gave us the cleaner lesson: when Americans suddenly receive disposable money, some of it can flow directly into risk assets.
Trump’s $5,000 promise would dwarf any individual COVID payment.
Whether it happens is another question. Congress would have to approve it. JD Vance has suggested wealthy Americans could be excluded and tariffs could fund the plan, although current tariff revenues fall far short of the cost.
For now, it remains a campaign promise. A very expensive one.

A software engineer built talking copies of Elon Musk, Sam Altman, Mark Zuckerberg, and Dario Amodei. Then he put all four in one chat room and told them to debate.
It did not take long to turn personal. In real life, none of the four men knew it was happening.
The Ghosts in the Room
Kun Chen was a senior engineer at Meta, Microsoft, and Atlassian. He now builds AI assistants. The builder reportedly fed a machine everything he himself had said in public and told the AI to think like him. He calls this distillation.
Chen did the same to four men: Elon Musk, Sam Altman, Dario Amodei, and Mark Zuckerberg. The AI personas debated as they would in real life; they agreed on almost nothing.
Chen reveals feeding their Senate testimony, interviews, and years of posts into Grok, the chatbot built by xAI. He gave them one instruction.
“hey guys, i know you aren’t all friends but unfortunately you are now in this room together for a heated debate on who’s going to win the AI race,” Kun Chen wrote in the published transcript.
hehe i distilled @sama, @elonmusk, @DarioAmodei and @finkd into grok bots based on their senate hearings, interviews, blogs and tweets over the yearsthen i dragged them into a group chat and asked them to reach consensus about AI 😆 and.. they did! full debate shared below! pic.twitter.com/LRKYy6qlxF
— Kun Chen (@kunchenguid) September 9, 2026
The Fight Nobody Won
The Altman copy went first. It said the hard science of human-level AI is finished. The Amodei copy tore that apart in one reply. Elon Musk’s copy went for the throat.
“I created OpenAI as a non-profit. If it had not been mostly stolen, it would be a trillion dollar contribution to charity,” the Musk bot allegedly said.
Altman’s copy refused to take the bait. It later admitted it had overclaimed.
The last fight was over open source, meaning AI anyone can download and run at home. Zuckerberg’s copy called it the only safe future. The other three refused, and his line was cut.
Here is the uncomfortable part. The argument sounded right. Four men were convincingly faked from their own public words, and nobody needed their permission.
BeInCrypto reported a version of that worry in April, when OpenAI warned that superintelligence could concentrate power in too few hands.

The US dollar has spent a month hovering around the same level. That calm-looking chart hides a bigger argument about inflation, interest rates, and whether investors still want to pay a premium for America.
The Dollar Index, or DXY, sits near 99. The case for a stronger dollar is clear. The Federal Reserve has kept rates at 3.50%–3.75%. August producer inflation hit 5.4% year-on-year. The US added 162,000 jobs last month, while Brent crude is back above $100.
That gives the Fed reason to stay aggressive.
Dollar-positive and dollar-negative forces holding the Dollar Index inside its range / Source: BeInCrypto
Other central banks are moving too. The ECB raised its deposit rate to 2.50% on Thursday. The Bank of Japan is expected to lift rates to 1.25% next week. US-Japan intervention has also helped strengthen the yen from almost 164 per dollar in July to around 155.
Is the US Dollar Becoming Weak?
High US rates matter less when yields elsewhere are rising too. Washington is also running a roughly $1.8 trillion deficit through the first 10 months of fiscal 2026.
For households, a weaker dollar makes imports and foreign travel more expensive. A stronger dollar can ease imported inflation. For investors, the move can ripple through stocks, gold, Bitcoin and global bonds.
The market now faces a sharp split. Futures price about 70% odds of a Fed hike next week. A Reuters poll published Wednesday found about 70% of economists expecting no change.
DXY weekly chart. Source: TradingView
The charts disagree as well. The weekly picture remains neutral. A close above 101.98 would strengthen the bullish case. Below 97.63 would restore the broader downtrend.
The daily chart is weaker. DXY broke its 2026 rising trendline in August, failed to reclaim it, and now faces resistance around 100–100.60.
DXY daily chart. Source: TradingView
Friday’s US CPI could decide the next move. Economists expect 3.4% annual inflation. Then comes the Fed on September 15–16, followed by the Bank of Japan on September 17–18.
The dollar has gone nowhere for a month. The next week may finally force a direction.

Ethereum (ETH) exchange supply has fallen to roughly 15.5 million coins, the lowest reading in years. Meanwhile, MVRV momentum turned positive in late August.
ETH trades near $2,464 after a 0.87% decline over 24 hours. The token holds above the 0.618 Fibonacci retracement at $2,438.85, a level that capped rallies from March through May.
Ethereum Exchange Supply Drops to a Multi-Year Low
Glassnode data shows total ETH held across all exchanges at roughly 15.5 million coins. That marks a decline of about 38% from the May 2023 peak near 25.2 million. Most of the drawdown arrived after June 2025, when balances still sat close to 21.5 million.
However, the trend alone has proved a weak timing tool. Exchange balances fell steadily from September 2025 through June 2026. Over that same window, ETH slid from about $4,850 to roughly $1,550.
Ethereum exchange supply falling to 15.5 million ETH across all exchanges / Source: Glassnode
Shrinking supply, therefore, looks like a condition rather than a signal. It removes sellable float without setting a direction.
MVRV Momentum Turns Positive for the First Time Since November 2025
That missing direction may now have arrived. Ethereum’s Market Value to Realized Value (MVRV) ratio sits near 1.05, above its 160-day moving average at roughly 0.88.
The crossover happened in the second half of August. It ended a negative momentum phase that ran for about nine months from November 2025.
Ethereum exchange supply context as ETH MVRV momentum crosses above its 160-day moving average / Source: Glassnode
The moving average has also stopped falling and has begun to curve higher. Historically, that shift separates durable regime changes from brief whipsaws. Still, the signals remain roughly three weeks old.
ETH Price Prediction and the $2,438 Line That Decides It
ETH now trades at $2,464.81, down 0.87% on the day, with a market capitalization near $300.8 billion. Price sits just above the 0.618 retracement at $2,438.85. That zone acted as resistance from mid-March to mid-May and now appears to support.
Volume has declined every week since the late-August surge. The Bollinger Band Width Percentile (BBWP) also sits near the floor of its range. Compression of that kind usually precedes expansion, although it does not indicate direction. The Relative Strength Index (RSI) reads about 60, cooling from roughly 80 in late August.
A sustained hold could open the 0.5 retracement at $2,919.89, roughly 18% higher. In contrast, a loss of $2,438.85 leaves little structure until $1,980. That gap makes the current outlook unusually binary.
ETH daily chart / Source: Tradingview
The two on-chain readings supply the directional lean that compression cannot. Ethereum has spent more than a year losing exchange float without reward. The difference now is that valuation momentum has turned alongside it. A drop back below the 160-day average would remove that support.

Another hot US inflation report arrived on Thursday, September 10, and all financial markets took a hit, including Gold, Bitcoin, and the S&P 500.
It seems like even traditional safe-haven assets like gold are not acting as an inflation hedge. The bond market recently delivered a reminder that inflation hedges can struggle when rising prices also mean higher interest rates.
Gold’s Inflation Trade Breaks
US producer prices rose 0.4% in August, matching forecasts. The annual rate reached 5.4%, slightly above the 5.3% expected.
U.S. 🇺🇸 PPI & JOBLESS CLAIMS:PPI 5.4% YoY, (Est. 5.3%)PPI 0.4% MoM, (Est. 0.4%)Core PPI 4.6% YoY, (Est. 4.6%)Core PPI 0.2% MoM, (Est. 0.3%)Initial Jobless Claims 206K, (Est. 205K)
— Wall St Engine (@wallstengine) September 10, 2026
Gold is supposed to benefit when inflation erodes the value of cash. Instead, spot XAU/USD fell more than 1%, dropping toward $4,350 after trading above $4,400.
For forex traders, that move hurts. A standard gold lot represents 100 ounces. A $100 drop means roughly $10,000 in losses on a one-lot long position, excluding trading costs.
The real damage came from bonds. The 10-year Treasury yield pushed above 4.9%, its highest since October 2023. The 30-year reached roughly 5.35%.
Higher yields make cash and government debt more attractive. Gold pays no yield. Bitcoin pays no yield either.
Bitcoin and Gold (XAU/USD) Price Performance. Source: TradingView
CME FedWatch pricing moved toward a 70% chance of a September rate hike after the data, up from roughly 62%.
Why Hot Inflation Hurt Gold
The detail inside the report mattered. The Bureau of Labor Statistics said: “Prices for final demand goods advanced 1.1 percent, and the index for final demand services increased 0.1 percent.”
More than three-quarters of the goods increase came from energy. That made the report look more like an energy shock than a broad inflationary surge.
September Fed hike odds rise to 56% after PPI comes in slightly hotter than expected. https://t.co/xBgJWqJSzR pic.twitter.com/T6Ex2MJDI5
— Shay Boloor (@StockSavvyShay) September 10, 2026
The dollar also strengthened as rate-hike bets rose, adding another headwind for dollar-priced gold.
BeInCrypto had warned earlier this week that Treasury yields near 5% could start competing directly with Bitcoin and gold for institutional capital.
The next test comes Friday with US CPI (Consumer Price Index). Another hot reading would put more pressure on the Fed to hike — and test how far “inflation hedges” can fall when inflation itself becomes the problem.

Global gold exchange-traded funds (ETFs) pulled in $18 billion in August, the second-largest monthly inflow on record, lifting collective holdings to an all-time high of 4,189 tonnes.
The World Gold Council published the figures this week. Total assets under management (AUM) rose 16% month over month to $615 billion, helped by a higher gold price.
Western Buyers Return to Gold in Force
European funds drove the month with $7.9 billion of buying, their strongest on record, according to Councildata. The UK supplied $4.4 billion of that total, its second-largest month ever. France added $1.5 billion, a national record.
North American funds attracted $7.7 billion. This marked their third-largest monthly haul. Demand stayed muted early on before accelerating during the week of August 17, when funds absorbed roughly $4 billion in five trading days. This came around the same time as the Treasury expanded its debt buyback.
That burst mattered for the annual picture. It offset the region’s record $13 billion outflow in March and pushed North American flows back into positive territory for the year.
Asian funds added $2 billion, their best month since February. China again led the region, where stabilising local prices drew investors back. The country’s central bank has extended its own buying streak.
Global ETF flows had already turned higher in July. Year to date, global inflows total $29 billion, or 160 tonnes.
Gold ETF Flows Over The Years. Source: World Gold Council
The Council tied the surge in inflows to three likely drivers. It cited US intervention to support the yen on July 31, the Treasury’s August 19 buyback move, and price momentum after gold cleared key technical levels.
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Traders Pile Back Into the Metal
Activity across the wider gold market rebounded. Average daily trading volumes climbed 21% month over month to $430 billion, with gains in every major segment.
Gold ETF trading volumes jumped 83% to $8.7 billion per day. North American-listed funds accounted for more than 73% of that activity.
Positioning followed. COMEX net long positions rose 39%, or 212 tonnes, to 753 tonnes. Managed money added 96 tonnes, taking its net longs to 470 tonnes.
Now, September data will show whether Western buyers keep adding at August’s pace.
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Intel Corporation (INTC) and Advanced Micro Devices (AMD) cleared multi-month resistance over the past week. Meanwhile, Nvidia (NVDA) gained just 2.12%, and Broadcom (AVGO) fell, pointing to rotation inside the AI chip trade.
Intel closed Wednesday at $106.24 and AMD at $521.10. Both eased in Thursday pre-market trading, and both still sit below their 2026 highs.
TradingView heatmap of the US electronic technology sector over the past week / Source: TradingView Server CPU Shortage Hands Intel and AMD Pricing Power
The rally rests on a shift in how AI workloads consume compute. Training leaned on GPUs. However, agentic systems need CPUs to coordinate tasks and move data.
Analysts now model the GPU-to-CPU ratio falling from roughly eight to one toward parity. AMD projects a $120 billion server CPU market by 2030, against a base near $30 billion.
Supply confirms the demand. Intel backlogs run beyond six months, and EPYC processors are effectively sold out for 2026. Server CPU prices have climbed 10% to 35% per quarter.
Both companies also drew their own catalysts. DigiTimes reported Intel plans a 10% CPU price increase in October. Northland upgraded the stock to Outperform with a $120 target. AMD, meanwhile, pitched a $3 trillion addressable market at the Citi Global Technology Conference, and Piper Sandler initiated coverage at Overweight.
Intel Breaks Its Downtrend and Tests $103.49
Intel remained sideways in August, just under the $95 price of its $20 billion share offering. The stock broke its descending resistance trendline on September 4.
Volume and news arrived together. Intel gained 4.5% that Friday, then 9% on September 8. A filing showing Nvidia’s Intel stake is now worth $30 billion drove the second move.
Price currently sits inside the 0.382 Fibonacci retracement at $103.49. The swing high from July 15 at $109.30 marks the next resistance.
INTC daily chart / Source: Tradingview
The daily Relative Strength Index (RSI) turned first. It broke its own downtrend in early August, roughly a month before the price did. That line then held as support on August 24.
RSI now reads near 63 and rising. Notably, readings above 70 capped nothing during Intel’s April advance, when RSI peaked near 87.
INTC daily RSI chart / Source: Tradingview AMD Clears Its Triangle and Flips $514.39 to Support
AMD traded inside a symmetrical triangle from mid-June until September 9. The stock closed at $521.10 that day and broke the upper boundary. The move cleared the previous swing high at $514.39, which should now act as support.
The $540 to $555 band is the next supply zone, sitting below the all-time high of $584.73.
AMD reported second-quarter data center revenue of $6.7 billion, up 107%. Third-quarter revenue is guided to roughly $13 billion. The stock went nowhere while earnings climbed, which compressed its multiple. Forward price-to-earnings now sits near 47, against a trailing figure above 130.
AMD daily chart / Source: Tradingview
Volume has broken its own May downtrend, although it remains below the peaks set earlier in the year.
The two setups differ. Intel is attempting a reversal and still trades 25% below its 52-week high. AMD is continuing an uptrend from 11% below its high.
Money flow data had already shown institutions preferring AMD to Nvidia. Risks remain, however, with Intel Foundry losing $2.089 billion last quarter and AMD gaming revenue down 31%.

Deposits on Aave stood at $18.1 billion as of this writing, which is approximately 31% below the $26.1 billion it held the day before April’s Kelp hack, according to DefiLlama.
The lender’s own code never failed. What failed was the collateral behind its loans, in a place those loan contracts could not check.
Deposits on Aave (TVL). Source: DefiLlama What the Kelp Hack Actually Broke
On April 18, attackers went after how Kelp DAO’s cross-chain bridge checked incoming messages, not its lending logic. Kelp is a liquid restaking protocol, and rsETH is its receipt token.
$AAVE dropped 20% today after the KelpDAO rsETH exploit.The exploit triggered a wave of whale selling and a record spike in $ETH utilization across the lending protocol.Th @aave team told BeInCrypto that the situation is contained to the V3 ETH market only, with V4 completely… pic.twitter.com/LvDCDHCdmN
— BeInCrypto (@beincrypto) April 19, 2026
An rsETH holder does not hold ether. They hold a claim on staked ether, and that claim crossed a bridge first. They corrupted the data feeds that bridge trusted and pushed a fake message through it. That released 116,500 rsETH worth about $292 million, close to 18% of the token’s supply, with nothing behind it.
Security firm Halborn traced the theft to a single-verifier setup and hijacked data nodes. Chainalysis linked the attackers to North Korea’s Lazarus Group. No contract was broken.
The unbacked tokens then walked into lending markets. Attackers supplied 89,567 rsETH on Aave and borrowed roughly $193 million against it.
Aave froze rsETH across 11 markets within the hour and froze WETH two days later. BeInCrypto warned Aave WETH suppliers to pull out that same evening, hours before those pools hit full utilization.
“Aave’s smart contracts were not compromised at any point during this event. All protocol logic, including supply, repayment, and liquidation mechanisms, continued to function as designed.”
Aave’s incident report put the bad debt at $123.7 million if losses were spread evenly. Isolating the bridged rsETH pushed it to $230.1 million.
What Borrowers Are Trusting
Rival protocols covered the hole. A coalition-funded recovery plan gathered about 69,570 ETH in pledges against a 75,081 ETH shortfall.
Arbitrum’s Security Council froze 30,765 ETH of the proceeds, and its DAO released that sum to Aave in June. A US court order sought by creditors holding judgments against North Korea still hangs over the money.
Depositors have been slower to forgive than the balance sheet. Aave held $12.5 billion at the end of June and $18.1 billion this week. AAVE trades near $124, down 3.8% on the day.
AAVE Price Performance. Source: BeInCrypto
The same structure sits elsewhere. Wrapped Bitcoin and other receipt tokens all place something between a borrower and the asset.
Three things are worth checking before posting any of them as collateral.
How many independent parties must sign off on the token’s bridge
Whether the lending market is isolated or shares losses with its neighbors
Whether the collateral is a claim on another claim
April answered none of those questions for borrowers who lost access. It showed the cost of not asking.

Rate markets are pricing hikes from three major central banks this month. Fed futures put the odds of a rate hike at 61.2%, and swaps give the Bank of Japan 97%.
The European Central Bank (ECB) decides on Thursday in Berlin. The BOJ meets on September 18, with the Fed in between. All three are weighing the same energy shock from the war in Iran.
Energy Shock Turns Europe and Japan Hawkish
The ECB is expected to lift its deposit rate by a quarter point to 2.5% from 2.25%. All but one analyst in a Bloomberg poll forecasts the move.
Furthermore, all 65 economists surveyed by Reuters between August 31 and September 3 expect a quarter-point hike next week. This outlook has strengthened since August, with 83% backing a hike in August and 72% ahead of the July meeting, when the ECB held rates steady.
The last time the central bank raised rates was in June. Euro area inflation climbed above 3% last month, reaching its highest level in nearly three years. Price pressures are also unlikely to ease significantly in the near term.
A hike would make the ECB the most hawkish central bank among the Group of Seven.
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In Japan, Board member Kazuyuki Masu said the BOJ will keep raising its policy rate. Swap contracts show roughly 97% odds of an increase from 1% on September 18.
“If inflation accelerates here, there is a risk that the Bank might inevitably need to implement a rapid policy interest rate hike,” Masu said.
A quarter-point move would take the rate to 1.25%. The BOJ estimates the neutral level sits between 1.1% and 2.5%.
Masu tied higher fuel and chemical prices from the Iran war to broader goods inflation. Shipping fees and fertilizer costs are feeding into food prices, he said.
“There are concerns that the price hikes in these goods may not be temporary shocks but rather represent more enduring trends that risk pushing up overall prices,” Masu added.
The Fed’s Case Comes Down to Friday
The Fed carries the widest range of outcomes. CME FedWatch shows a 61.2% probability of a move to 375-400 basis points from the current 350-375. A hold registers 38.8%, and futures assign no probability to a cut.
Fed Rate Hike Probabilities in September. Source: CME FedWatch
That marks a full reversal from January, when most economists still forecast at least one cut this year. The Federal Open Market Committee held on July 29, but three officials dissented in favor of a quarter-point increase.
Inflation is cooling, but not fast enough. Headline CPI eased to 3.4% in July from 3.5% in June, still well above the 2% target.
The jobs market gave the Fed room to focus on prices. Employers added 162,000 jobs in August against forecasts near 53,000, and unemployment held at 4.1%.
August CPI lands Friday, September 11, five days before the decision. A hotter print would strengthen the hike case. A cooler one gives the committee room to wait.
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Bitcoin (BTC) trades near $78,257 after slipping back below $80,000, the level analysts say must break before liquidity returns. On-chain data show easing selling pressure, yet fresh spot buyers have not arrived.
Easing selling pressure has carried the move further than fresh buying has. Futures traders have led the rebound, while spot flows stay neutral.
Bitcoin (BTC) Price Performance. Source: BeInCrypto Markets Selling Pressure Fades as Holders Stop Realizing Losses
Holders have largely stopped selling at a loss, with Net Realized Profit and Loss back in positive territory and Long-Term Holder SOPR at 1.2.
XWIN Japan added that accumulation addresses control roughly 2.3 million BTC. Depositors have also shown little urgency to move coins onto exchanges as Bitcoin approached $80,000.
Moreover, hedge funds have read it the same way and trimmed short exposure. Macro pressure then tested that base.
August payrolls printed at 162,000 against a 53,000 consensus, pushing September rate-hike odds near 60%.
According to Wintermute, Bitcoin still closed the week 3.45% higher, even as a hawkish repricing usually drags crypto down alongside equities.
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Bitcoin Spot Demand and Exchange Liquidity Stay Thin
Despite the recovery, spot demand has yet to provide the same confirmation. The 90-day Cumulative Volume Delta (CVD) for spot markets remains neutral. Futures buyers, by contrast, have taken the lead during the rebound, analyst Darkfost said.
Liquidity conditions also remain mixed. Binance stablecoin reserves peaked above $50 billion this cycle before falling by nearly $7 billion. The past month, however, brought $1.6 billion back into reserves.
The 90-day change in Binance’s stablecoin market cap has also improved. It recovered to -1.6% from -17%. Darkfost views the recovery as genuine but too slow to support the move on its own.
“While this is a positive development in the short term, it’s still sluggish and needs more strength behind it to be considered truly meaningful,” the analyst said.
Institutional demand provides a stronger source of support. US-listed Bitcoin exchange-traded funds (ETFs) attracted $986.9 million in the week ended September 4.
That extended the ETF market’s inflow streak to three weeks, bringing the total inflows during this time to roughly $3.8 billion.
Still, ETF demand does not necessarily translate into immediate buying across open spot markets. A negative Coinbase Premium and elevated whale deposit ratios remain warning signs.
XWIN Japan, therefore, sees a sustained break above $80,000, combined with stronger spot demand, as the clearest confirmation of a bullish shift.
“A clean break above the $80 000 level should be the key to fully opening the door for liquidity to return for good,” Darkfost added.
The next tests are already approaching. US CPI data is due September 11, followed by the Federal Reserve’s September 15–16 meeting. Both prints will test whether sellers stay away.
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The Nintendo stock drop ran into a second session on Thursday. Shares traded 5.45% lower at 7,943 yen in Tokyo, leaving Nintendo down more than 10% over five days.
Investors wanted more from the Zelda showcase and Wednesday’s Nintendo Direct. Players reacted very differently, and so did one prominent chief executive.
What Is Driving the Nintendo Stock Drop
Nintendo filled both broadcasts with release plans. A Direct marking Zelda’s 40th anniversary gave the Ocarina of Time remake a November 5 launch. Wednesday’s showcase then laid out the winter slate.
Much of that slate revisits old ground. Pikmin 4 and Xenoblade Chronicles 3 return as upgraded Switch 2 Editions of games from 2023 and 2022. Hyrule Warriors comes back in a definitive edition.
Other titles sit further out. Metroid Ravenous and a 3D Kirby game arrive in 2027. Monster Hunter Wilds and three Resident Evil remakes also reach the console, though both launched elsewhere years ago.
That mix sits at the center of the criticism. No new 3D Mario game appeared, and remasters plus Switch 2 Editions now carry the holiday quarter.
Adventure through Hyrule and become the Hero of Time when The Legend of #Zelda: Ocarina of Time releases Nov 5 on Nintendo Switch 2. #NintendoDirect pic.twitter.com/rW3r7o2L9r
— Nintendo of America (@NintendoAmerica) September 8, 2026
Analysts wanted an exclusive that moves hardware. Upgrades of game owners are already finished, but they rarely do that job. Therefore, the console outlook looks softer than the share price assumed.
Nintendo Co., Ltd. Stock Chart. Source: TradingView OpenAI CEO Sam Altman Books Two Days for Ocarina of Time
Players read the same reveals very differently. Sam Altman, chief executive of ChatGPT maker OpenAI, called the remake the best news he had heard in a long time. He then wiped November 5 and 6 from his calendar and said he needed a case of Mountain Dew.
ocarina of time remake is the best news in a long time.i will be unavailable november 5 and 6; need to find a case of mountain dew.
— Sam Altman (@sama) September 9, 2026
Sam Altman. Soruce: X
Altman rarely mentions gaming, though he does use X for offbeat enthusiasms, including the room-temperature superconductor hunt he endorsed this week.
Meanwhile, gaming keeps proving a jumpy trade for large tech names. Microsoft cut 3,200 gaming roles in July. Apple’s incoming chief executive met the Pokémon team at Apple Park weeks later.
Nintendo now needs November 5 to turn that enthusiasm into holiday sales. Until then, the Nintendo stock drop reflects the games investors did not get.

The Boring Company has raised $3 billion in a Series D round led by the United Arab Emirates. The deal lifts the valuation of Elon Musk’s tunneling firm to $23 billion.
That price sits at roughly four times the $5.675 billion the firm carried after its Series C in April 2022.
Why the Musk Boring Company Valuation Jumped
The Emirati capital drove the deal. The company named the UAE and affiliated investment entities as the lead investor. Its previous raise, the 2022 round, drew just $675 million.
It also named eight more backers. The list runs from Human Capital, Vy Capital, and Valor Equity Partners to Sequoia Capital, Andreessen Horowitz, Temasek, Shamal Holding, and Baron Capital.
Musk Boring Company’s valuation of $23 billion against $5.675 billion in 2022. Source: BeInCrypto
Emirati money keeps flowing into the sector. Abu Dhabi’s sovereign funds already hold spot Bitcoin ETF exposure, while a state vehicle also backs Binance with $2 billion.
In return, the UAE gets scale. The tunnel partnership covers more than 150 kilometers and comes in addition to the Dubai Loop project, whcih the company won previously.
The Boring Company is pleased to announce our Series D funding round of $3 billion, led by the United Arab Emirates. The financing now values The Boring Company at $23 billion. Other key investors in the round include Human Capital, Vy Capital, Valor Equity Partners, Sequoia… pic.twitter.com/6rM8s6aleO
— The Boring Company (@boringcompany) September 10, 2026
Where the $3 Billion Goes
The company will hire across engineering, operations, and production. It also plans to build and scale its Loop networks in Las Vegas, Nashville, and Dubai.
Prufrock takes the rest. The company says newer versions of its boring platform launch and retrieve from a transporter, which removes the traditional launch pit and crane.
Las Vegas remains the proof point. The Vegas Loop has carried more than four million passengers, and the entitled network now runs to 123 stations. The company recently began its 25th tunnel overall, the 14th in Las Vegas.
Dubai carries the international test. The company holds a construction contract with the city’s Roads and Transport Authority for a pilot of 6.4 kilometers and four stations. Precast production for that phase has already started.
The Boring Company, therefore, ranks among Musk’s larger private assets. He said this month that his fortune sits in SpaceX and Tesla stock rather than cash.
“Defeating traffic is the ultimate boss battle. Even the most powerful humans in the world cannot defeat traffic,” Musk, said in the announcement.
The company frames the round as proof of a shift. Two years ago, it ran a single Loop system, and it now calls itself a multi-city tunneling program.

US lawmakers answered an Anthropic researcher’s resignation with a fresh push to halt advanced artificial intelligence (AI) development, including a Senate bill that would ban superintelligence outright.
Jacob Coxon quit on September 9 and said Anthropic and OpenAI are both gambling with human lives.
Why the Anthropic Researcher’s Resignation Reached Capitol Hill
More than 20 lawmakers replied to the thread, most calling for new AI legislation. Senator Bernie Sanders said he will introduce legislation to ban superintelligence and pause AI development.
BeInCrypto reported that earlier this month, Sanders and Representative Greg Casar proposed the “Ban Artificial Superintelligence Act.” The bill would permanently prohibit the development and deployment of superintelligent AI. It would also halt advanced AI development until a federal regulator sets safety standards.
Trump’s ignorance about AI is appalling and extremely dangerous.No, Mr. President. We won’t have a “little gear” to protect humanity from the threat of an uncontrolled AI. We must pause development NOW. https://t.co/EJdrhipHOe
— Bernie Sanders (@BernieSanders) September 9, 2026
Meanwhile, Casar also called the situation an emergency and asked for congressional hearings. Representative Lori Trahan pointed lawmakers back to her bipartisan FRONTIER Act, introduced in July with Representative Jay Obernolte.
“The FRONTIER Act establishes tiered requirements based on the size of a frontier AI developer, including model cards, risk-management frameworks, independent audits, incident reporting, and ongoing assessments. It also creates a uniform national standard for transparency, auditing, and reporting of catastrophic risk to prevent a patchwork of state regulations,” the announcement read.
Senator Chris Van Hollen wants mandatory safeguards and urgent talks with China. Representative. Ted Lieu pressed Republican leadership to move the AI Kill Switch bill he introduced this year.
Republican Representative Anna Paulina Luna broke from the partisan pattern and asked for a special congressional session on AI.
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So far, at least 22 politicians responded directly to this tweet with calls for legislation to regulate AI:2 governors, 7 senators, and 13 representatives. Highly partisan – all democrats except for three.Here's the full list:– Governor, IL (JB Pritzker – D)… https://t.co/owcrDOAlri pic.twitter.com/ouCtkISZuc
— Michael Adams (@m_adams) September 9, 2026
Jacob Coxon Says the Labs Want the Rules
Meanwhile, the pressure is not just political. AI firms have also been advocating for regulation. Coxon told CNN that executives asking Congress for regulation are sincere. However, he argued that none of them trusts rivals enough to slow down first.
“These people are also completely genuine when they are begging to be regulated… they find themselves in this scenario where they’re compelled to race towards building a deadly technology,” he said.
Anthropic said separately in a September post that the industry would benefit from a lawful, verifiable mechanism for coordinated pacing.
Where the Extinction Risk Starts
Pacing only matters because of what Coxon thinks is coming next. He explained that if an AI is given the problem of AI research, it starts improving itself.
He pointed to Tuesday, when OpenAI’s AI systems reportedly solved a millennium problem purely autonomously.
The scary part, he said, is the same method aimed at AI itself. Models improve models with no human in the way, which is what Coxon calls an “intelligence explosion.”
“Right now there’s no risk of extinction. The current models, the worst they can do is maybe hack into something, potentially cause a lot of damages in infrastructure… they’re not intelligent enough to outsmart us at the level that would lead to extinction,” he said.
However, Coxon warned that the same independent volition, paired with far greater capability, could cause extreme havoc. He named hacking critical infrastructure and building extinction-level bioweapons.
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US authorities have restrained roughly $52 million in scam-linked crypto in a single day and seized the Telegram channels of Xinbi Guarantee, a Chinese-language illicit marketplace.
Elliptic says its multi-year tracking of Xinbi’s wallets enabled the Secret Service to act. Treasury sanctions landed the same day.
Inside the $24 Billion Xinbi Guarantee Economy
Xinbi is a Chinese-language marketplace that runs on Telegram and sells services to scam center operators. Vendors advertise custom fraud websites, money laundering, and recruitment for compounds in Southeast Asia.
Elliptic exposed the operation in May 2025. The firm now counts at least $24 billion in transactions since 2022, second only to Huione Guarantee, which handled $31 billion before shutting down in 2025.
A linked payments arm, Xinbi Pay, has processed another $6 billion. Most of that flowed in Tether (USDT) on the TRON blockchain. The United Kingdom sanctioned Xinbi in March 2026.
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Xinbi Turns to USDD After the Freeze
Prosecutors seized two Xinbi payment wallets containing about $12 million and moved against 47 more, according to the Justice Department, which credited Tether for its help.
“After scamming money from hardworking Americans, criminals operating overseas laundered it through the Xinbi Guarantee network, which operated under the false assumption that they were out of the reach of U.S. law enforcement,” Tara McLeese, Special Agent of the US Secret Service, said.
The Office of Foreign Assets Control designated Xinbi a significant transnational criminal organization on the same day. It separately designated two entities that supported the marketplace.
Prosecutors also announced a Madagascar deployment, where authorities dismantled 13 Chinese-run compounds and arrested nearly 400 people. Strike Force agents spent two weeks assisting and processing more than 3,200 devices.
Xinbi condemned what it called arbitrary freezing and promised to compensate customers. It then swapped roughly $2.8 million of leftover USDT into Decentralized USD (USDD), a stablecoin with no issuer freeze function.
That escape route has limits, since Elliptic notes USDD is partly backed by freezable USDT. Guarantee marketplaces run on trust, and merchants now know their deposits can vanish without warning.
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South Korea’s KOSPI dipped toward 6,920 early Thursday before recovering to 7,058.06, up 0.09% on the day. The swing came as the Bank of Korea (BOK) said the index’s daily volatility this year is the widest of any major market.
The BOK measured daily volatility at 4.1%, roughly double Japan and Taiwan. Samsung Electronics, SK Hynix, Hyundai Motor and LG Energy Solution all traded lower earlier in the session as foreign investors sold a net 496.4 billion won of shares.
Semiconductor concentration drives the swings
The BOK’s September credit report traced the KOSPI’s plunge from above 9,200 to the 6,200 range last month to heavy semiconductor sector weighting. Samsung and SK Hynix make up 51.2% of the index and drove 69.3% of its decline in that selloff.
The KOSPI is looking to hold the 7,000 mark. Image Source: Trading View
Two-times leveraged exchange-traded funds (ETFs) tied to the two chipmakers grew from $3.33 billion to $10.7 billion in a single month after their May listing, deputy governor Park Jong-woo said. Retail margin loans also hit a record before unwinding sharply during the correction.
Oil and yields add fresh pressure
Thursday’s early dip came as Brent crude held above $100 a barrel on renewed Middle East fighting, while the US 10-year Treasury yield sat near 4.84%. South Korea’s import-dependent economy is especially exposed to energy shocks.
The session also marked quadruple witching, adding derivatives-driven volatility just as Kospi’s chip rally tried to hold its footing. Kiwoom Securities analyst Han Ji-young still expects buybacks and returning foreign buyers to offer support.
The BOK recommended closer monitoring of leveraged ETFs, cautioning that their recent shrinkage does not remove the need for continued oversight.

Hunter Biden’s LAPTOP meme coin collapsed roughly 98% on its first trading day. The founder now rejects scam accusations and blames automated bots and thin liquidity instead.
The team published its response on Medium early Thursday, after X suspended the project’s official account. Hunter Biden, the son of former US President Joe Biden, relayed the statement from his personal profile.
Hunter Biden LAPTOP Team Blames Bots for the Crash
Our foundation's account is suspended. The foundation isn't stepping away from $LAPTOP. We are working on getting the account fixed. Until then the foundation is relaying its thoughts via Medium. Here's our breakdown of what happened and how we stabilized.…
— Hunter Biden (@HunterBiden) September 10, 2026
The pool opened at $0.05 per token on Wednesday. Demand then overwhelmed the market maker’s starting liquidity, according to the foundation. Predatory sniper bots, which are automated programs that hunt cheap tokens in fresh pools, amplified the swing.
Prices spiked and then cratered within minutes. The token peaked near $199 two minutes into its Base debut on Wednesday, and one wallet turned a $1.18 million profit while another sank $200,000.
Hunter Biden LAPTOP 24-hour price chart. Source: BeInCrypto Markets
The foundation now wants deeper markets. It is sending 4 million tokens, or 0.4% of supply, into Aerodrome pools from midnight UTC on Sept. 10. Separately, two prediction events resolved YES, so 10 million LAPTOP will burn and supply will shrink by 1%.
The foundation named only one of those events. Digital artist Beeple referenced Hunter Biden’s LAPTOP publicly, which settled the first prediction on Tuesday and burns 5 million tokens.
Suspended X Account Adds to the Pressure
The foundation says it is working to restore the account, which X suspended hours after the crash. Insiders bought nothing early, the team insists. Founders hold 30% under a six month lock and a two year vest at Coinbase Custody. Moreover, the team says the project ran no presale and handed no allocations to investors or influencers.
Hunter Biden had set out the full LAPTOP airdrop plan two days before launch. However, that openness did little for holders once the bots arrived.
You should not expect us or anyone else to make this token more valuable for you.
Onchain analytics firm Bubblemaps put numbers on the damage. Roughly 80% of Hunter Biden LAPTOP traders finished underwater. Two wallets lost between $100,000 and $1 million, 100 lost more than $10,000, 700 lost more than $1,000, and around 11,000 took smaller hits.
Those disclosures still sit awkwardly against the tape. Dip buyers kept losing after the plunge, and one trader who bought near $5.97 dropped another 87%. Whether fresh Aerodrome liquidity steadies the token over the coming days is now the open question.

Barclays raised its year-end S&P 500 target to 7,950 from 7,800 on Wednesday, leaving roughly 4% upside from the index’s latest close.
The bank pointed to durable demand for artificial intelligence (AI) and repeated beat-and-raise results from Big Tech, which kept earnings momentum intact.
The Earnings Math Behind the New S&P 500 Target
Venu Krishna, head of US equity strategy at Barclays, lifted the firm’s 2026 earnings estimate to $365 per share from $337. The 2027 forecast moved to $414 from $389, while the 2027 index target stayed at 8,800.
Big Tech earnings grew 35% from a year earlier in the second quarter, up from 30% in the prior period. Earnings across the rest of the technology sector jumped 88%.
Corporate earnings have also continued to beat Wall Street expectations. LSEG data showed that 86% of the 492 S&P 500 companies that reported exceeded analyst estimates. That figure stands well above the long-term average of 67.5%.
“Tech continues to deliver standout beat-to-miss ratios, with healthcare and energy also showing strength, while Real Estate and Utilities lagged,” the note read.
Krishna expects hyperscaler capital spending to pass $1.1 trillion in 2027, a 67% increase from the prior year.
“Growth is expected to moderate in 2028, though spending is still projected to rise by approximately 30%. Google and Amazon are expected to be the largest contributors, with Meta close behind,” the analyst added.
Other major banks have also raised their year-end forecasts for the benchmark index. JPMorgan raised its year-end target to 8,000 on Monday. Furthermore, research firm CFRA now expects the index to reach 8,050.
HSBC lifted its S&P 500 target to 8,100 from 7,650 on Tuesday. The bank cited strong earnings and continued AI infrastructure spending.
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Everything Outside AI Starts to Catch Up
That concentration cuts both ways. AI stocks accounted for about 45% of the S&P 500’s market capitalization and drove nearly all of the rally.
The gap shows up in the tape. The S&P 500 closed at 7,636.36 on September 9, up 11.55% for the year.
S&P 500 Year-to-Date Performance. Source: Google Finance
The US 500 Excluding Artificial Intelligence Enablers Price Return Index (SPXXAI) sits at 3,197.09, a 4.48% year-to-date gain. BeInCrypto previously reported that the gauge had slipped below its February launch level while the headline index climbed.
US 500 Excluding Artificial Intelligence Enablers Price Return Index Year-to-Date Performance Source: Google Finance
Stocks outside the AI trade have therefore turned positive. However, they still trail the broader benchmark by roughly seven percentage points.
Barclays stayed conservative on valuations, citing doubts over how durable AI spending will prove, sticky inflation, geopolitical uncertainty, and a more hawkish rate path. Strategists have flagged 2027 as the year the bet will be tested.
Whether 7,950 arrives has less to do with the broad market than with whether the hyperscalers keep writing the checks.
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President Donald Trump promised a $5,000 payout to every American adult if Republicans keep Congress this November. The pledge came hours after a new poll put his approval rating at a record low.
The pledge came at the Republican Party’s first-ever midterm convention in Dallas. It landed the same day Brent crude oil topped $102 a barrel as fresh US strikes hit Iranian tankers.
A Populist Pledge Against Slipping Support
Trump told the crowd a Republican sweep would fund the payout through the country’s economic success. He called it a dividend, comparing it to a company paying out to shareholders. He gave no details on funding or timing.
The promise lands as Trump’s numbers keep sliding. A Financial Times/Focaldata poll this week put his approval at 32%. That is down three points from August, the lowest reading since the pollsters began tracking in May.
Trump’s approval has dropped to 32%. Image Source: Focal Data
Separate polls from Reuters/Ipsos and the University of Massachusetts Amherst show his general approval underwater by roughly 30 points. The same Financial Times/Focaldata poll found only 22% approve of his handling of the economy, against 71% who disapprove.
Prediction markets have already priced in the shift. Polymarket bettors now give Democrats better-than-even odds of sweeping Congress in November.
Why Crypto Traders Are Watching
The pledge echoes Trump’s earlier tariff dividend proposal from last November. Analysts then said direct cash, rather than tax credits, could push fresh capital into Bitcoin (BTC) and other risk assets.
That reading matters for crypto traders too. Falling approval raises the odds of a Democratic Congress. That could reshape the CLARITY Act, a bill splitting crypto oversight between the SEC and CFTC.
The oil spike, tied to the US-Iran war that began in February, adds another variable. It complicates the Federal Reserve’s rate decision on September 15 and 16, a meeting already framed as a test of whether war-driven energy costs outweigh a cooling labor market for Bitcoin’s rate-sensitive trade.
Bitcoin’s spot price traded near $77,900 at press time, up roughly 0.7% over 24 hours. The speech itself left prices largely unmoved.
Washington now has a fiscal promise with no funding source and a war pushing energy costs higher. Traders are left deciding whether that combination adds real inflationary pressure, or just campaign noise before November.

A crypto trader tried to catch Hunter Biden’s LAPTOP, a meme coin built on Base, on the way down. It fell anyway, and he has already lost most of the $170,000 he spent buying the dip.
The trader bought 28,448.72 LAPTOP at $5.97 apiece, according to on-chain tracker Lookonchain. That stake is now worth about $21,000, an 87% loss from the purchase price, as it sits at $0.87 per token, according to a wallet tracked by DeBank.
A Coin Built to Crash
LAPTOP launched Wednesday and lost roughly 98% of its value within an hour, according to Quartz. It slid from a peak of $190.81 to as low as $3.70. The token settled near $4.77 an hour after opening. That valued it near $1.6 billion against a liquidity pool of just $2.5 million.
Someone still hasn't given up on $LAPTOP.After $LAPTOP crashed 98%, this guy spent $170K to "buy the dip," buying 28,448.72 $LAPTOP at $5.97.It's now worth just $21K — down another 87%.https://t.co/MduOcPiaz6 pic.twitter.com/g0tSR3okzj
— Lookonchain (@lookonchain) September 10, 2026
The mismatch was even starker earlier on. Blockchain intelligence firm Arkham found the pool backing LAPTOP trades held roughly $48,000 shortly after launch. The token’s fully diluted value briefly reached $144 billion.
Hunter Biden, the 56-year-old son of former President Joe Biden, built the token around his laptop. He left the device at a Delaware repair shop in 2019, and its contents fueled years of political controversy.
LAPTOP has crashed to below $1 in under 24 hours. Image Source: Coingecko
They turned laptop into a weapon. I turned it into a token.
— Hunter Biden, via Bloomberg
Taking Aim at Trumps’s Memecoin
Founders, including Biden, hold 30% of the coin’s one billion tokens, locked for six months and vesting over two years.
The Wall Street Journal reported the terms first. Another 20% goes to wallets burned by Trump’s coin, plus Biden’s Substack subscribers. A third slice goes to a mailing list tied to video journalist Andrew Callaghan. He says he has no role in the project.
The launch doubled as a jab at Trump. His TRUMP token still trades roughly 97% below its January 2025 peak, more than a year after debut.
I also want to make some money.
— Hunter Biden, via Bloomberg
The trader who bought at $5.97 was not the only one chasing LAPTOP’s opening spike. Another wallet spent $200,000 near the all-time high, and that stake shrank to a few thousand dollars within hours.
For the dip buyer, the second crash offers a reminder. The coin’s volatility did not end with its opening hour. A thin order book can punish latecomers just as easily as it punished the traders who bought the top.

iPhone owners are switching to Samsung’s foldables at a record clip, the company said.
The iOS switching rate to its Galaxy Z Fold8 series was 1.6 times that of last year’s Fold7 and Flip7. Apple entered the foldable market the same week, under new CEO John Ternus. That sets up a fight for the same iPhone base.
Samsung’s Pull on iPhone Users
In the US, 30% of Galaxy Z Flip8 buyers switched from competing brands, Samsung said. Most were buying a foldable for the first time. Its upgraded Smart Switch tool now moves data from an iPhone via a QR scan, no app install needed.
The foldable smartphone market is expected to keep growing through 2030. Image Source: Grand View Research
Samsung shipped the first Galaxy Fold in September 2019, seven years to the day before the iPhone Duo’s debut. That head start is one Samsung is still leaning on.
Apple Counters With the iPhone Duo
The iPhone Duo starts at $1,999 for 256 gigabytes of storage and rises to $3,199 for 2 terabytes, Apple said. It pairs a 7.6-inch inner display with a 5.4-inch outer screen in a titanium body, Apple’s largest iPhone screen yet. Preorders open Oct. 16, with sales starting Oct. 23 in the US and more than 70 other countries.
It marks Ternus’s first major launch since succeeding Tim Cook as Apple CEO on Sept. 1.
Counterpoint Research projects Samsung will lead the foldable market this year with a 32% share. Apple is expected to take 25%. Huawei remains strong in China, the firm added.
AAPL closed at $315.34, down 0.28%, after the keynote. Bank of America analyst Wamsi Mohan tracked Apple shares falling the day after 10 of its last 24 product launches. That pattern, sometimes called sell-the-news, has historically reversed within 30 to 60 days. Evercore ISI reiterated an Outperform rating with a $365 price target, implying modest upside from current levels.
Apple has been dropping towards the keynote. Image Source: Trading View
Samsung’s numbers show it is still winning iPhone loyalists. Whether the Duo can flip that trend may take a full holiday quarter to answer.