Bitcoin Rises as Oil Breaks $100 | U.S. Bank Tests USBDC Stablecoin | LAPTOP Token Crashes 98% | Daily Crypto Roundup

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Welcome back to the Daily Crypto Roundup. Oil has broken above $100. Stocks are falling, and inflation risk is climbing. Yet Bitcoin moved higher beside gold. That is the surprise today. But one session does not prove Bitcoin has become a safe haven. We also have a live US. Bank stablecoin payment, a political meme coin that lost 98% in under an hour, a reported Iranian crypto trade channel, Coinbase Lending in Brazil and election data built for machines. At the time of recording, Bitcoin is around $78,800, up approximately 0.4% over 24 hours, after reaching about $79,700.

Ethereum is near $2,494 and up roughly 0.4%.

XRP is close to $1.42, after gaining approximately 0.7%, while BNB is around $742 and down 1.1%.

Solana is near $103 and almost flat. Hyperliquid is the strongest large-cap move in this group, close to $85.80, after rising about 2.4%.

Cardano is near $0.22 and down almost 2%, while Chainlink is around $12.07, after losing roughly 4.1%.

Tell us whether Bitcoin earned any safe haven credibility today, and follow Crypto News Today for the evidence after the first reaction. New Kraken users who sign up using our link in the description can claim 20 XRP from Crypto News Today. Availability and eligibility vary by region. This is not financial advice. Crypto trading involves risk of loss. The lead story is the contrast between Bitcoin and conventional risk markets. Brent crude futures moved above $100 a barrel today for the first time since July 24th, reaching approximately $100.95.

The immediate cause was a new escalation. United States forces said they destroyed five Iranian oil tankers. Iran struck a United States base in Jordan, and Gulf vessels were hit or disabled. Recent straight of Hormuz flows have fallen below 2 million barrels a day, from roughly 8 million to 9 million before fighting resumed on August 30th. Ola Hansen, head of commodity strategy at Saxo Bank, said the return above $100 reflects a market reconsidering how long the conflict will restrict regional supply. That is more consequential than a psychological round number. Sustained expensive oil raises transport and manufacturing costs, complicates inflation and can keep interest rates higher for longer. Stocks reacted in the usual risk-off direction. The Dow Jones industrial average fell about 0.75% in early trading, and the S&P 500 lost 0.3%, while gold gained approximately 1.5%.

Bitcoin rose rather than falling with equities, almost the opposite of its reaction to the September 2nd escalation. That makes today interesting, but it does not settle the digital gold debate. Bitcoin's rise was modest, and derivatives evidence weakens the clean, bullish interpretation. Futures' open interest declined as the price recovered, suggesting some traders may simply have closed short positions. United States spot Bitcoin exchange-traded funds also recorded approximately 46.7 million dollars of net withdrawals on Tuesday. A safe haven bid normally looks stronger when new spot money arrives, not merely when bearish positions leave. What changed today is the break above $100 in Brent and Bitcoin's relative strength against shares. What did not change is Bitcoin's wider range or the Federal Reserve's policy. The 10-year United States Treasury yield remains near 4.79 percent, and financial markets are still divided over whether the Federal Open Market Committee will raise rates next week. Ebery Market strategist Matthew Ryan called that uncertainty unusual this close to a decision. Existing holders benefit if Bitcoin can attract capital during an inflationary shock. Leveraged buyers lose if they treat one session as proof of a permanent change. Bitcoin has behaved like a risk asset through most recent shocks, and today's gain could disappear when inflation data arrive.

Would you buy Bitcoin because it rose with gold while oil crossed $100?

Or wait for several risk-off sessions and fund inflows to confirm the change? A fall below $78,000 would weaken the reading. The larger tests are consumer inflation on September 11th and the Federal Reserve decision on September 16th. The second story is a bank putting its own dollar token through a live cross-border payment. US. Bank announced today that it transferred USBDC between its entities in North America and Europe using the public Stellar blockchain. This was more than a private demonstration with test money, but it was not a customer launch. The bank tested minting, payment, redemption, freezing and clawback, while connecting the transaction to its existing finance, risk, compliance and operating systems.

Chairman and Chief Executive, Gunjan Kedia, said the pilot demonstrates an ability to accelerate global cash management and money movement. The freezing and clawback functions reveal the tradeoff. USBDC can move on a public network, but US. Bank retains bank-style control. That may appeal to regulated institutions that need errors, sanctions and fraud handled. It will not satisfy users seeking money that no issuer can stop or reverse. Clients could eventually benefit from 24-hour treasury transfers and faster collateral movement. But there is no public circulation figure, client availability or launch date. The optimistic interpretation fails if USBDC remains confined to internal pilots. Watch for the first outside client, published terms and repeat payment volume. The third story demonstrates why a token's market value can be almost meaningless when liquidity is thin. The Hunter Biden-linked laptop meme coin began trading on base today, reached $190.81 within two minutes and fell as low as $3.70 inside the first hour. That is a decline of approximately 98% from the peak. An hour after launch, multiplying the quoted price by verified circulating supply produced a market capitalization around $1.6 billion.