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Multicoin Co-founder Kyle Samani Joins Backpack US Board of Directors

2 days ago

Backpack announced that Kyle Samani, co-founder of Multicoin Capital and an early Solana investor, has joined the board of directors of Backpack US. Samani has long focused on DeFi, blockchain infrastructure, and the development of global capital markets. Backpack stated that this appointment reflects the shared view of both parties that the future of global finance will combine institutional-grade risk control with the efficiency and transparency of on-chain markets.

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U.S. stock market opening sees crypto-related stocks fall broadly, with HOOD down over 1% and AMC’s gains narrowing sharply.

U.S. August non-farm payrolls exceeded expectations sharply, leading to mixed opening performance for U.S. stocks: the Dow Jones Industrial Average fell 0.38%, the S&P 500 edged down 0.13%, and the Nasdaq rose 0.02%. Leading tech stocks showed divergent trends. Per market data from BIT (bit.com), Tesla opened 3.5% lower; Oracle gained 3.7%, ASML rose nearly 2%, while Nvidia and AMD climbed over 1%. Storage stocks rallied broadly, with SNDK leading the advance at 4.52%, and STX up more than 3%. Meanwhile, crypto-related stocks declined across the board: MSTR dropped over 3%, COIN fell 2.68%, and CRCL slid 3.4%. Notably, the crypto-meme paired U.S. stock AMC opened 3.54% higher.

6 minutes ago

WTI crude oil’s intra-day decline widened to 2%.

According to Bitget's market data, WTI crude oil’s intraday decline has widened to 2%, currently trading at $87.84 per barrel. Brent crude oil fell 1.84%, now at $92.89 per barrel.

6 minutes ago

After the US stock market opened, Bitcoin accelerated its decline, briefly dropping below $79,000.

According to HTX market data, Bitcoin accelerated its decline after the US stock market opened, briefly falling below $79,000, currently trading at $79,217.06, with its 24-hour decline widening to 2.49%.

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Trump: Jobs data defied all expectations—except mine.

US President Donald Trump: The just-released jobs data is terrific, beating all expectations (except mine!)

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New meme coin Stonks on BSC hits $2.5 million market cap in just one hour post-launch.

According to GMGN market data, the new meme coin Stonks on the BSC chain reached a market cap of $2.5 million just 1 hour after its launch, and is currently priced at $2.52 million. Inspired by BSC's official trading event "BNB Stonks Szn" (the term "Stonks" is also American slang, a play on "Stocks"), this meme coin is paired with the tokenized US stock QQQ (Invesco QQQ Trust, which tracks the Nasdaq 100 Index) on BSC. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.

6 minutes ago

US stock markets will be closed next Monday, with trading in gold, silver and oil ending early.

Due to the US Labor Day holiday, US and Canadian stock markets will be closed for one day on September 7 (next Monday). Trading in precious metals and US crude oil futures contracts on CME Group will end early at 02:30 Beijing Time on September 8, while stock index futures trading will conclude early at 01:00 Beijing Time. Trading in Brent crude oil futures contracts on Intercontinental Exchange (ICE) will also end early at 01:30 Beijing Time on September 8. Investors are advised to take note of these schedule adjustments.

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