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Concerns are growing in Chinese crypto communities over Binance’s heavy pace of listing new projects. Qwerty, a well-known Chinese crypto influencer, said almost new Alpha projects are being launched daily and about 75% of all Alpha projects eventually make it into futures or spot trading, while the faster listing pace is eroding the scarcity, authenticity and value once associated with a Binance listing. Qwerty added that Binance should reduce its listing frequency and focus more on the authenticity of projects and their communities, leaving room for projects with genuine culture, real users and strong communities that deserve Binance’s recognition. Qwerty is known as the second-largest individual holder of Niulai, which was listed for spot trading on Binance yesterday.

Binance founder Zhao Changpeng said on X, "The market gives plenty of opportunities to enter (or exit). The only thing you need to do is make the right decision."

Citadel Securities submitted a formal comment letter on Sept. 9 arguing that oversight of stock-linked derivatives and event contracts should remain with the SEC. Citadel said a recent surge in KPI prediction contracts and stock-linked perpetual derivatives under CFTC regulation risks allowing those products to evade the SEC’s regulatory framework. The firm said exchanges may be exploiting the CFTC’s self-certification system, which allows products to be listed the next day, to avoid the SEC’s stricter oversight process, which requires public review and formal approval. Citadel added that stock-linked products should remain under the SEC’s market surveillance system, as they directly affect securities markets, including through insider-trading risks, and urged both agencies to clearly establish jurisdiction.

Coinbase CEO Brian Armstrong said in an interview in Singapore that Bitcoin has already formed its cycle bottom and is likely to enter an uptrend within the next one to two years. Armstrong also said the U.S. Congress’ Clarity bill is nearing a final agreement and expects the SEC and CFTC to provide clearer guidelines within one to two weeks regardless of whether the bill passes. Armstrong added Coinbase will soon move to launch tokenized stocks in the United States. He also identified four key mainstream trends that will lead the crypto market through 2027: stablecoin payments, the tokenization of stocks and real-world assets, prediction markets, and smart-agent finance, stressing that those areas will drive market growth.

South Korean exchange Upbit announced the addition of Renzo (REZ) for KRW trading.

U.S. spot Ethereum ETFs recorded about $34.7 million in net inflows on Sept. 9, reversing to net inflows after a one-day outflow, according to Farside Investors. - BlackRock ETHA: +$9.7 million - BlackRock Staking ETHB: +$22.9 million - 21Shares TETH: +$2.1 million

U.S. spot Bitcoin ETFs posted about $120.2 million in net outflows on Sept. 9, marking a second straight trading day of net withdrawals, according to Farside Investors. - BlackRock IBIT: -$19.5 million - ARK Invest ARKB: -$78 million - Morgan Stanley MSBT: +$4.5 million - Grayscale GBTC: -$27.2 million

Nathan Benish, co-founder of stock token launchpad platform LONG, said stock-based trading pairs will become the crypto market’s final meta. In a post on X, Benish said stock-market narratives, investor bases and capital pools are far larger than anything seen in crypto so far, while the potential remains deeply underestimated. Benish added that distinct investor groups and narratives are already beginning to form around major stock trading pairs on LONG, and said the market could grow much larger if it expands beyond Crypto Twitter, or "CT," to attract stock-market investors as well.

An anonymous whale address starting with 0x8e48 bought an additional 116,427 HYPE worth $9.91 million six hours ago and staked the entire amount, according to Lookonchain. Over the past eight months, the whale has bought a total of 1.89 million HYPE worth $159 million through Galaxy Digital and staked all of the tokens.

Bithumb announced it will temporarily suspend MANTRA withdrawals at 7:00 a.m. UTC today for a MANTRA network upgrade.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $83.45 million liquidated (63.86% longs) - ETH: $60.48 million liquidated (72.91% longs) - SOL: $14.18 million liquidated (85.28% longs)

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for AR on Sept. 13 at 9:00 a.m. UTC to support the Arweave network upgrade.

South Korean exchange Bithumb announced the addition of Teller Finance (DEBIT) to its KRW trading pair at 6:00 a.m. UTC today.

Solana validator client developer Anza said it has delayed the V1 transaction rollout on mainnet to 1:20 a.m. UTC on Sept. 15 after ecosystem development teams asked for more time for testing and integration work. V1 increases the maximum size per transaction to 4,096 bytes from 1,232 bytes, allowing more data to be handled at once for use cases such as ZK proof and large-scale multisignature setups. Existing V0 and legacy transactions will remain supported.

Upbit announced the resumption of withdrawal services for ICON (ICX). Deposits will not resume following the token’s designation on the delisting watchlist.

The amount of Bitcoin needed to buy an iPhone has dropped sharply, from 162 BTC for the iPhone 4S to 0.015 BTC for the iPhone 18 Pro, crypto influencer El Super said on X. El Super added that the figure was 0.007 BTC for the iPhone 17, but rose again to 0.015 BTC for the iPhone 18 Pro as BTC prices fluctuated.

South Korean exchange Upbit announced a temporary suspension of MANTRA withdrawals at 9:00 a.m. UTC today for a network upgrade.

Kalshi has petitioned the ninth Circuit Court of Appeals for an en banc rehearing after an appellate ruling on regulation of its sports event contracts with the Nevada Gaming Control Board, CoinGape reported. A panel of the ninth Circuit ruled last week that Kalshi’s sports-related prediction contracts qualify as sports betting rather than swaps under the federal Commodity Exchange Act, allowing Nevada gaming regulators to regulate them as gambling.

The stock and memecoin narratives driving the current market are fundamentally tied to trading volume and fee generation, and a drop in activity could remove the reward and price-recovery mechanisms that support token holding, potentially leading to selling, DeFi analyst Ignas said. Ignas said the model works as a virtuous cycle only while trading volume holds up. As an example, Coinbase’s quarterly trading volume fell about 74% to $145 billion from $547 billion in the fourth quarter of 2021 within a year, while trading in the memecoin market could decline by as much as 95%, Ignas said. Trading volumes on major decentralized exchanges, including Uniswap, are already trending lower, according to the analyst. He warned tokens such as ZCAT, STONK, INDEX and CASHCAT, which pay dividends or conduct burns using trading fees, could quickly lose their holding appeal once market participants lose interest in trading. Ignas added that simply extrapolating annual yields from current fee levels is highly risky and could trigger large-scale selling if volume collapses.

IonQ, a publicly listed U.S. quantum computing company, unveiled its 256-qubit quantum computer, "Superion 256," on Sept. 8, though it does not pose a meaningful threat to Bitcoin security at its current level, Decrypt reported. According to the outlet, stealing BTC with a quantum computer by exploiting exposed public keys would require far more advanced technology capable of stable computation with error correction, and a 256-qubit system does not mean it can break 256-bit security. IonQ has begun taking orders for Superion 256 and plans to start shipments next year.

Crypto hacks and exploits have resulted in 333 incidents this year, with a total of $1.73 billion stolen, The Block reported, citing data from TRM Labs. Of that amount, the recent hack of Bitcoin layer-two sidechain Liquid Network was the largest this year at $319 million. The attacker returned about 85% of the stolen funds, but still holds around $47 million. TRM Labs has identified the attacker’s address and is tracking the remaining funds.

Digital asset recovery group DART said it, working with white-hat researchers, rescued more than 50 BTC from wallets exposed to a hardware wallet Coldcard entropy vulnerability by moving the Bitcoin to a secure location before an attacker could steal it. The BTC was transferred to Crypto Recovery Trust, a statutory trust established in Wyoming, which will hold the recovered digital assets and identify and verify their rightful owners.

KOSDAQ-listed BitPlanet has completed its acquisition of mining machines and is moving into BTC mining, The Asia Business Daily reported. In a filing on Sept. 9, the company said a tangible asset acquisition deal signed in June had been completed as planned. The total acquisition price was $9,999,228, or about 13.4 billion won. The 1,204 miners consist of 454 Bitmain "S21 XP Hydro" units and 750 "S21e XP Hydro" units, which have been deployed in Oman and Paraguay. The company plans to begin the initial phase of operations through a mix of outsourced operations and joint ventures, with a target of mining seven BTC per month and at least 84 BTC per year.

Dee Goens, co-founder of multichain social platform Zora, has become the company’s new CEO and plans to introduce ZORA token buybacks and rewards. Former CEO Jacob Samuel Horne is leaving the company. Goens said the buybacks and rewards are intended to return business performance to ZORA token holders, and added that Zora also plans to resume community incentive payouts. The company has reduced its workforce to fewer than 10 this year and recently expanded token issuance support to Robinhood and Solana, while also adding cross-chain trading that includes BNB Chain.

The European Commission has adopted a Delegated Act expanding the authority of member-state financial regulators to require crypto exchanges and virtual asset service providers operating across borders to designate a local Central Contact Point, AML Intelligence reported. The framework, previously applied only to electronic money institutions and payment institutions, has now been extended to the crypto sector. Through a local CCP, host-country AML/CFT supervisors will be able to monitor in real time whether overseas CASPs headquartered in other countries are filing suspicious transaction reports and complying with anti-money laundering controls. The change is expected to increase administrative and operational costs for crypto exchanges and service providers, including local compliance hiring and contact network setup, depending on each member state's requirements.