Rumors that Donald Trump will launch a new cryptocurrency: Trump bought Robinhood stocks in June, and his son denied the cryptocurrency launch.

Goldman Sachs views this week’s market moves as a classic deleveraging-driven selloff, with underlying logic similar to the July rout. Its high-beta momentum portfolio fell 12% this week, while the AI hedge portfolio dropped 10% over five days. While leverage in the AI sector has pulled back from extreme highs, inertial capital is still driving rapid, indiscriminate dip-buying. Goldman notes that AI trading is not over, but the phase of generating excess returns via broad sector rallies is shifting; investors should now focus on opportunities where stock prices diverge significantly from earnings per share. Among these, the valuation gap in the storage and data center sectors is most pronounced, as earnings recovery has not yet been fully priced in, making them the most tactically attractive. Nvidia’s Q2 earnings report and its September industry conference will serve as upcoming catalysts. Meanwhile, momentum factors are rebalancing: software has replaced semiconductors as the largest weight in the three-month momentum long portfolio, while semiconductors and AI-linked names have shifted to short portfolios. Goldman adds that capital is also flowing into previously overlooked sectors such as European and Japanese banks, gold miners, and copper stocks.

According to HTX market data, as Bitcoin fell below $77,000, the cryptocurrency market has entered a pullback, with altcoins generally facing selling pressure and declining. Specifically: TAC is currently priced at $0.001672, down 40.86% in 24 hours; FHE trades at $0.01978, down 30.03% over 24 hours; SQD stands at $0.03, down 29.01% in 24 hours; PTB is priced at $0.0007364, down 27.11% in 24 hours; INX is at $0.006619, down 26.43% over 24 hours; BASED trades at $0.07328, down 25.35% in 24 hours; SWARMS is priced at $0.007254, down 24.80% in 24 hours; BEAT is at $0.1342, down 24.18% over 24 hours.

Grayscale Research Head Zach Pandl wrote in a post that while he generally advises investors against trying to time the market, judging from three aspects—structural adoption trends, market cycles, and macro risks—the current Bitcoin price may offer a favorable entry point for investors with a long-term investment horizon. Grayscale noted that sustained growth in government debt, expanding applications of blockchain technology in financial services, and generational shifts in portfolio construction all indicate Bitcoin’s long-term adoption trend remains solid. The current Bitcoin bear market has lasted roughly 10 months, while previous bear markets typically ran 11 to 12 months, suggesting the market may be in the late stage of a bear cycle. The macro environment remains a key source of uncertainty: if the Federal Reserve raises interest rates soon, Bitcoin could fall further; if it holds rates steady, the market may have already hit bottom. Grayscale added that structural adoption, cycle positioning, and overall macro outlook are currently relatively favorable, though future performance remains uncertain.

According to official announcements, Predict.fun’s Dota 2 prediction event The Predict International has launched markets for the loser’s bracket final. As the tournament enters its final phase, the platform will roll out additional prediction markets for the grand finals, with higher overall AP rewards per market. Given the short interval between the loser’s bracket final and the grand finals, users may have only a limited window to complete predictions and lock in their shares once the grand finals markets go live. Those planning to join the final round should closely monitor the event page. The total rewards for The Predict International amount to 100,000 USDT and 5,000,000 Predict Points.

According to Onchain Lens monitoring, crypto market maker Wintermute transferred 129,500 SOL tokens to Binance, valued at roughly $12.42 million. The firm also moved 169.5 BTC worth approximately $13.11 million, a transaction suspected to be for sale. Separately, 407.47 BTC were transferred through an intermediate wallet before being deposited into Coinbase, with a total value of around $31.36 million.

U.S. Office of Government Ethics (OGE) financial disclosures released Saturday show that Trump made over 1,000 securities trades in June, with total trading value ranging from $78.1 million to $263.1 million. Crypto-related trades involved Coinbase, Strategy, and Robinhood. Overall, crypto-linked stock trades were relatively small in scale, accounting for a low share of his total June securities trading volume. - Coinbase: Sold Coinbase stock worth $15,001–$50,000 on June 12, $100,001–$250,000 on June 18, and $1,001–$15,000 on June 23; bought Coinbase stock worth $50,001–$100,000 on June 24. - Strategy: Sold Strategy stock worth $1,001–$15,000 on June 23 and $15,001–$50,000 on June 24. - Robinhood: Bought Robinhood stock worth $1,001–$15,000 on June 3.