Coinbase co-founder Fred Ehrsam relocates to Venezuela to pursue oil.

According to an official announcement, Binance plans to suspend Vechain (VET) network token deposits and withdrawals at 18:15 Beijing Time on September 16, 2026, to facilitate the token’s network upgrade and hard fork. The project team will execute the network upgrade and hard fork at block height 25,902,540, estimated to occur at 19:15 East 8th Time Zone (Beijing Time) on the same date.

Wall Street legendary investor Stanley Druckenmiller said at a closed-door meeting in New York that current U.S. borrowing costs are "even a bit low," calling Federal Reserve officials who still view monetary policy as restrictive "absurd" and stating that interest rate cuts are no longer necessary. Druckenmiller is a long-time mentor to U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Michael Walsh, as well as a close friend of Walsh. He argued that U.S. Treasury yields are not high given the U.S. economic conditions, the capital expenditure boom, and market competition for capital, noting that the recent rise in yields is a slow, fundamentals-driven process that does not concern him. His comments came as the 30-year U.S. Treasury yield briefly climbed to 5.35%, hitting a 2007 high, while the 10-year yield neared 5%. On artificial intelligence, Druckenmiller said Duquesne Capital has generated most of its recent profits from AI investments, but has now reduced its related positions to 20% of their level six months ago. He believes the AI build-out phase may be nearing its later stages, warning that markets need to start exercising caution and that corporate earnings could be in a bubble fueled by the AI investment boom. On foreign exchange, Druckenmiller said he is reluctant to short the U.S. dollar due to America’s clear global edge in AI; he has been shorting the euro and pound sterling since the start of the year, but the positions are far smaller than his previous currency bets.

According to TradingBeats monitoring, ZEC is undergoing a short-term pullback, putting pressure on long positions that entered chasing the recent rally. Early this morning, a large whale address starting with 0xd745 liquidated all its 2,859.7 ZEC long positions in roughly 3 seconds, with a liquidation volume of around $3.25 million and a loss of approximately $190,900. Besides this address, addresses starting with 0x1183 and 0xc46 also faced liquidations one after another, each with a single liquidation scale exceeding $1.5 million. All three positions were opened at high levels during ZEC’s rally over the past two days. Before the liquidation, the 0xd745 address was still actively expanding its long positions. From 20:47 last night to 00:08 this morning, the address added a total of 1,622.8 ZEC, with a transaction volume of around $1.9003 million, lifting its holdings from 1,236.87 ZEC to 2,859.76 ZEC, with an average entry price of approximately $1,203.23. The final round of position addition occurred near $1,155, but only about 10 minutes later, as the price dropped, all its ZEC long positions were forcibly liquidated by the system, with an average liquidation price of around $1,136.47. After that, the address shifted to BTC, re-establishing a long position worth roughly $5.9872 million in BTC early this morning. As of press time, this position is showing an unrealized loss of around $14,900, with an estimated liquidation price of $76,096.

Solana-based on-chain token launch platform StonkFun announced in a post that it has cumulatively distributed over $30 million in rewards to ecosystem holders, who can claim the relevant rewards via StonkFun.

Data shows that trader Point Farm Capital has once again topped the 24-hour earnings leaderboard on the FOMO platform. Its current account assets stand at approximately $11.795 million, a new all-time high, with a $3.221 million increase over the past 24 hours. STONK remains its primary holding: the account currently holds 35.7 million STONK tokens valued at around $9.302 million, accounting for nearly 79% of total assets, generating $8.85 million in profits with a return of roughly 1637.89%. Additionally, its ZCAT and PURR holdings are worth about $733,000 and $502,000 respectively, with returns of 206.34% and 340.12% respectively.

Bank of Japan (BOJ) sources have stated that the central bank is expected to raise interest rates at next week’s policy meeting, with a 25 basis point hike being the most probable scenario. The BOJ may signal its readiness to accelerate rate hikes, but has no preset views on the terminal rate or the timing of future additional increases. (Jinshi)