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Share link:In this post: House Republicans failed a key vote to advance the GENIUS Act, stalling a major crypto legislative push. The 196–222 vote blocked debate on stablecoin regulation, the defense bill, and related crypto measures. The failed vote triggered a dip in crypto-related stocks, with Circle falling 5% and Coinbase down 2%.
Share link:In this post: SpaceX is planning an insider share sale at a $212 per-share price, which would value the company at $400 billion. Starlink’s rapid growth and strong cash reserves are fueling investor confidence, alongside dominance in global satellite launches. Risks remain, including Starship’s technical setbacks, potential political fallout, and governance concerns over limited access to private share deals.
Share link:In this post: U.S. firms use bonded warehouses to defer Trump’s rising tariffs until goods are ready for U.S. sale. These facilities carry extra storage fees, stricter monitoring and the risk of even higher duties if tariff rates climb. Tariffs have already brought in over $100 billion this year, with June’s $27 billion haul up 301% from last June.
Share link:In this post: President Trump has renewed calls for Federal Reserve Chair Jerome Powell to resign, criticizing the Fed for not cutting interest rates. Markets are reacting with fears of higher inflation, leading to rising long-term Treasury yields and increased borrowing costs. Experts warn that political pressure on the Fed risks undermining its independence, which could destabilize financial markets.
The U.S. House of Representatives has scheduled a new round of procedural vote to take place at around 00:20 tomorrow morning Beijing time. If passed, this will be followed by related debates and a final vote.
SharpLink Gaming becomes the top ETH holder among public companies, overtaking the Ethereum Foundation.Why This Matters for EthereumLooking Ahead: Institutional Crypto Adoption Grows
- 02:47ether.fi Foundation: 73 ETH in protocol revenue used this week to purchase 264,000 ETHFIJinse Finance reported that the ether.fi Foundation released an ETHFI token buyback update on the X platform, disclosing that this week it used 73 ETH (approximately $314,000) of protocol revenue to purchase 264,000 ETHFI. In addition, about 155,000 ETHFI have been burned, and approximately 108,000 ETHFI have been distributed to sETHFI holders.
- 02:37Cango discloses weekly mining output of 150.3 BTC, with total holdings reaching 5,277.1 BTCAccording to ChainCatcher, bitcoin mining company Cango, listed on the New York Stock Exchange, revealed on X that the company mined 150.3 bitcoins this week. As of now, Cango's total bitcoin holdings have reached 5,277.1. Cango added that its previously released unaudited Q2 financial report showed an increase in asset scale, and the company will focus on building high-performance computing (HPC) and energy infrastructure in the future.
- 02:27Michael Saylor and Tom Lee will appear on CNBC next Monday.Jinse Finance reported that Tom Lee stated on his Twitter account that he and MicroStrategy founder Michael Saylor will be guests on CNBC's Squawk CNBC program next Monday (September 9) at 6:10 AM (U.S. Eastern Time) (UTC+8).