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Sept 9 crypto roundup: CZ forecasts Bitcoin may surpass gold's market cap next bull run; Germany considers ending tax exemption for long-term crypto holdings; Coinbase developments and cross-border payment progress draw attention; US political debates continue shaping crypto regulation.
Read MoreRussian President Putin and U.S. President Trump discussed the Ukraine crisis in a phone call described by Moscow as "candid and constructive." Putin outlined potential U.S. measures to end the conflict, while Trump expressed intent to achieve a breakthrough during his term.
Read MoreCrypto custody firm Copper's CEO Amar Kuchinad has stepped down amid a four-month-long sale process that remains unresolved. The company's valuation has sharply declined from over $2 billion to offers around $200 million, with new compliance and operations officers recently appointed.
Read MoreThe U.S. military destroyed five Iranian oil tankers on September 8th, a direct response to ballistic missile attacks by Iran's Revolutionary Guard against a U.S. Navy vessel over the preceding two days. The warship evaded the attacks and sustained operations with no casualties reported, marking a sharp escalation in regional tensions.
Read MoreOpenAI's ChatGPT Images 2.5 significantly boosts image generation speed by up to 50% and enhances feature retention for portraits and pets. It introduces intuitive editing tools like sketching and area selection, though it also sparks debates on AI copyright and creative industry impact.
Read MoreGermany's finance ministry is drafting tax reforms to remove long-term holding exemptions for crypto assets purchased after December 2026. Existing holdings remain protected under current rules, with changes potentially taking effect in 2027.
Read MoreBinance founder CZ predicts Bitcoin could surpass gold in the next bull market, with a 10x market cap gap. Analysis suggests Bitcoin price could reach $1.86M if matching gold's valuation. Bitcoin-gold correlation hits highest level since 2020.
Read MoreThe US Treasury plans to significantly expand long-term bond buybacks, with Wall Street forecasting up to $10 billion per operation. Major banks like Morgan Stanley and JPMorgan offer varying estimates, reflecting market uncertainty. Details will be announced Wednesday, with operations starting Thursday.
Read MoreBlock, led by Jack Dorsey, has applied for a national trust bank charter to offer Bitcoin and stablecoin custody services. The move signals a strategic push into federally regulated digital asset safeguarding, potentially reshaping the institutional crypto custody landscape.
Read MoreMeta introduces Muse, a personal AI agent for scheduling, form-filling, and home monitoring. It offers free and paid tiers, emphasizing data isolation and user consent, reflecting Meta's strategic push into AI-driven productivity tools.
Read MoreUS Treasury Secretary asserted that the nation's balance sheet could serve foreign policy goals, while claiming to hold superior market information. His remarks highlight a strategic shift toward leveraging financial tools, raising concerns about the blending of policy and market operations.
Read MoreIran's military warned that all oil tanker crews in Kuwait and Bahrain ports must evacuate immediately, as these ports housing US forces may become targets in retaliation for attacks on Iranian tankers.
Read MoreOn September 9th, the three major US stock indices closed lower, yet the market showed clear divergence. Optical communications and AI computing rental sectors surged against the trend, while Intel's stock soared on planned price hikes and SpaceX's market cap rebounded to $2 trillion. Novartis plummeted due to clinical trial setbacks.
Read MoreThe U.S. Treasury announced new sanctions on September 8, targeting Iran's aviation sector and related entities, with 36 entities blacklisted. The U.S. alleges Iran uses front companies and transit networks to acquire U.S.-origin aircraft and sensitive technology, aiming to increase economic pressure and restrict airline operations.
Read MoreAn Iranian tanker was reportedly struck by a US missile near Kharg Island in the Strait of Hormuz on September 9. No casualties were reported, and crew evacuation is underway. The incident is under investigation and could heighten regional tensions.
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