Former Treasury Secretary Downplays Economic Recession Concerns, Calls Stock Market Pullback a Natural Phenomenon

The Ethereum Foundation (EF) announced that Protocol Cluster has published two new papers conducting a systematic evaluation of the upcoming network upgrade, Hegotá. Among these, the paper titled "Hegotá EIP Opinion Post and Tier List" evaluates and ranks the 62 currently proposed Ethereum Improvement Proposals (EIPs), marking the first time the team has released a unified EIP rating list for a single network upgrade. According to details, around 60 researchers, engineers, and domain experts from 9 teams under Protocol Cluster participated in the review, submitting a total of 397 rating comments and holding on-site discussions on controversial proposals. The accompanying paper outlines the current and future key priorities for the Ethereum protocol layer, with a core goal of enabling Ethereum Layer 1 (L1) to achieve quantum resistance by December 2029. The Ethereum Foundation noted that the aforementioned upgrade plans, long-term commitments, and shared priorities at the cluster level provide the background for finalizing the scope of the Hegotá upgrade and EIP ratings. Additionally, Protocol Cluster will host an Ask Me Anything (AMA) session on Reddit’s r/ethereum community at 14:00 UTC on September 16, to discuss topics including Hegotá EIP ratings and protocol development priorities.

According to EmberCN's monitoring, the "BTC OG Insider Whale" sold 114,000 HYPE tokens at an average price of $86.3, reaping a profit of $1.57 million.

According to a Wall Street Journal report, Hunter Biden, son of former U.S. President Joe Biden, plans to launch a meme coin themed around his infamous "laptop" this week, venturing into the crypto market. The token also carries political satire targeting Trump and his family. A Solana-based token named "Hunter Biden's Laptop" with the ticker $LAPTOP already exists, but it remains unverified and has low liquidity. Solflare’s risk scan has also flagged the token as posing certain risks. Hunter Biden’s personal foray into the meme coin space means the "laptop" that once sparked massive controversy in U.S. politics is now moving from a political talking point to the cryptocurrency market.

According to EmberCN’s monitoring, Garrett Jin, the agent of the so-called "BTC OG insider whale", has just closed out a BTC long position worth approximately $107 million, totaling 1,331 BTC. The position was held for around three and a half months, netting a profit of roughly $1.02 million. Currently, his account only holds a large ZEC short position: some 39,760 ZEC with a nominal value of about $47 million, and an unrealized loss of approximately $24 million. Previous data indicates that Garrett Jin’s ZEC short position has been incurring massive unrealized losses for some time. Notably, Garrett Jin added to his heavily loss-making ZEC short position earlier today, before closing out his entire profitable BTC long position. EmberCN quipped that this trading behavior is quite similar to that of ordinary investors: selling profitable positions as soon as possible, while clinging to loss-making positions and continuously adding to them.

According to an announcement from Changxin Memory’s official WeChat account, its independently developed LPDDR6 chip has entered mass production and commercial use, making its debut in the Xiaomi 18 Fold foldable flagship smartphone. This marks the world’s first commercial deployment of LPDDR6 in a flagship mobile device. Earlier, Changxin’s semi-annual report revealed that its LPDDR6 chip delivers a comprehensive performance boost over the previous LPDDR5X generation: through architectural innovation and data transmission optimization technologies, it fully unlocks data transfer potential, with a peak speed of 12800Mbps and a maximum capacity of 16GB per chip. LPDDR6 is the latest international generation of LPDDR products. In July 2025, the JEDEC (Joint Electron Device Engineering Council) first released the LPDDR6 standard, and news of Changxin’s LPDDR6 samples being sent for testing emerged in the industry in March this year. From aligning with standards, sample delivery, verification to mass production and commercialization, Changxin has successfully achieved the world’s first launch of LPDDR6. Against the backdrop of surging AI demand, LPDDR6 is regarded as a key pillar for unlocking edge AI computing power, with applications spanning smartphones, PCs, smart cockpits, AI data centers and more. It also lays a critical foundation for domestic mobile phone and other terminal manufacturers to seize AI opportunities.

According to HTX market data, Bitcoin briefly dipped below $79,000, with a 0.85% decline in the past 24 hours.