Mike Magellan says Bitcoin's performance will underperform stocks

On chain data shows that 200000 HYPEs worth approximately $16.476 million were transferred from Hyperliquid addresses to Gate exchange addresses.

[Ledger Faces Class Action Lawsuit in the U.S. Over 2023 Data Breach Incident] Attorney Ariel Givner disclosed that cryptocurrency hardware wallet manufacturer Ledger is facing a class action lawsuit in the U.S. due to a security incident in 2023. The plaintiffs accuse Ledger of ongoing negligence in protecting customer privacy. The lawsuit claims that the incident led to the exposure of customers' personal information, which hackers used to trick users into approving fraudulent transactions and stealing cryptocurrency assets. Furthermore, Ledger failed to disclose the situation in a timely manner. The plaintiffs filed claims under New York's General Business Law and other legal provisions, also referencing a 2020 incident in which approximately 270,000 customers' information was leaked.

According to The Block, a Michigan court has issued a preliminary injunction against Kalshi, requiring him to continue blocking state residents from accessing sports contracts. Violating the injunction will result in a daily fine of $500000.

OKX has announced the addition of KITEUSD UM(X-Perp) and 0GUSD UM(X-Perp) to multiple services, including futures contracts, officially launching on 2026-09-03 at 16:00 (UTC+8). Notes: - The KITEUSD X-Perp contract will launch on 2026-09-03 at 16:00 (UTC+8). - The 0GUSD X-Perp contract will launch on 2026-09-03 at 16:15 (UTC+8). - X-Perp is a leveraged trading product. Users are advised to be aware of the risks and manage their positions prudently.

On September 3rd, the Bank of Japan decided to hold an upcoming meeting, and yen traders were wary of Japanese authorities intervening in the foreign exchange market. Market participants believe that authorities may take action during the period of low liquidity during the 'Silver Week' holiday. The Japanese yen continued its Wednesday rally on Thursday, and the market expects the Bank of Japan to raise interest rates at its meeting on September 18th. Samara Hammoud, a strategist at the Commonwealth Bank of Australia, said, "The 'Silver Week' has increased uncertainty about the trend of the Japanese yen, and market liquidity has decreased during the holiday period. The US dollar/Japanese yen exchange rate may once again test the high point that triggers intervention, and the risk of intervention before and after the Bank of Japan meeting has increased