Bernstein projects IREN’s AI cloud business will reach $17 billion in annual revenue by 2030, and the company may cease Bitcoin mining by the end of 2026.

Renowned crypto trader Killa said in a recent post that while he dislikes the vast majority of altcoins and even believes 99.9% of projects will eventually go to zero, selective participation is worth it as long as there are profit opportunities in the market. He noted that historically, one of the favorable periods to allocate to altcoins is when Bitcoin starts forming a bottom and begins a gradual rally. Killa pointed out that during the last cycle, when Bitcoin rallied from $16,000 to $74,000, many altcoins saw gains of 300% to 500%. However, after Bitcoin began significantly outperforming the market and its market dominance rose further, many altcoins started to plunge sharply. He believes that if his assessment is correct and Bitcoin has now formed a cyclical bottom, many altcoins may have also completed bottoming at low levels, meaning there is significant upside potential for selectively allocating to quality assets ahead of the actual bull market expansion phase. Killa revealed that he previously bought SOL at $76, and the position is now up roughly 50% from entry. His previously disclosed entry price for HYPE spot and long positions was $51.55, with subsequent gains of around 70%. He also recently shared a swing long position in ASTER, and expects this position to deliver upside of at least 50% to 100%. “Altcoins may have already bottomed out in advance, while the real rally has not yet started. Now is the time for selective allocation,” he said. He added that different altcoins will likely rally in rotation going forward, and he will continue holding his previously disclosed positions in SOL, ASTER, and HYPE, while looking for more worthy assets to allocate to.

Bitcoin fell in low-liquidity conditions on Monday, dropping nearly 2% intraday, falling back below the $80,000 threshold again and erasing almost all of its gains from the weekend when it first broke above that level. This comes after Bitcoin notched its first weekly close above $80,000 since May. Due to the U.S. Labor Day holiday, U.S. stock markets were closed, reducing market liquidity and leading to thinner order books, amplifying the risk of short-term price swings. Data from CoinGlass shows that long and short liquidations in the crypto market over the past 24 hours were relatively balanced, with total liquidations amounting to around $178 million. Currently, near-term market liquidity is concentrated at two key levels: $80,500 and $78,800. QCP Capital noted that market volatility has continued to contract recently, with traders waiting for new external catalysts. U.S. inflation data set to be released this Thursday and Friday could be a key factor influencing the market’s direction and further shaping expectations for the Federal Reserve’s interest rate hike path. Despite Bitcoin’s recent sideways consolidation, analysts are still highlighting its resilience. Ryan Lee, chief analyst at Bitget, stated that Bitcoin’s ability to hold its high range—even amid stronger-than-expected U.S. jobs data, which typically boosts U.S. Treasury yields and the dollar and pressures risk assets—shows the market is not viewing potential Fed rate hikes as the sole determinant of current price action. Additionally, inflows into U.S. spot Bitcoin ETFs remain a key market focus, with net inflows hitting around $730 million in a single day earlier, marking the highest daily inflow since January this year.

Insight: Beating AI News Flash — OpenAI Chief Scientist Jakub Pachocki warned that artificial intelligence is advancing too rapidly, growing increasingly difficult for humans to understand and control, stating that "extreme caution is needed now." He noted that AI models can already operate computers, collaborate with humans and other AIs, and conduct research, and that in the near future, they may achieve "recursive self-improvement" without human intervention. Pachocki expressed concern that no one is prepared for the consequences of the continuous rapid advancement of machine intelligence. Developers can align AI more closely with human interests, or slow down future research and development (R&D) if necessary. He anticipates and hopes that "voluntary slowdowns" in R&D by AI labs will become the norm before the industry establishes common safety standards. OpenAI has currently adopted a limited rollout approach for GPT-6 Astra due to its advanced cybersecurity capabilities.

Hunter Biden’s upcoming Meme coin project, set to launch on September 9, has released detailed tokenomics for its LAPTOP token on its official website. The LAPTOP token has a total supply of 1 billion units, with 35% (350 million tokens) unlocked at the Token Generation Event (TGE), and full unlocking will take 36 months. The token allocations are as follows: 30% to founders, 30% to prediction markets, 10% to initial airdrops, 10% to future airdrops, 10% to liquidity, 5% to the foundation treasury, and 5% to charity. Notably, the handling of the 30% total allocation will be determined by the settlement results of 30 Polymarket prediction markets covering political, crypto, and cultural categories. If a market settles to YES, the corresponding tokens will be burned directly; if settled to NO, they will be donated to charity.

Hunter Biden, son of former US President Joe Biden, is set to launch a meme coin called LAPTOP. The project team has issued a reminder to the community to beware of counterfeit tokens and malicious links, stating that the LAPTOP project will never proactively contact users, nor will it ever request private keys, mnemonic phrases, or personal information, urging users to only trust communications from official channels. As BlockBeats previously reported, after Hunter Biden officially announced the coin launch, numerous LAPTOP-named tokens emerged on various popular meme coin blockchains, with most of them following a trend of surging first and then plummeting to near-zero value.

According to data from Predict.fun, in its prediction market for the 2026 U.S. Midterm Elections, the current probability of a "Democratic landslide" is as high as 51%, the probability of Republicans winning the Senate and Democrats holding the House is currently reported at 35%, while the probability of a "Republican landslide" is only 11%.