The latest updates, bundled together for a quick read—and there’s plenty going on.
On the macro front, the odds of the Fed standing pat in October are currently at 88.4%, while the odds of a 25-basis-point rate hike are 11.6%. Take: The market has pretty much made “no change” the default script. That remaining 11.6% is more like a nod to keeping the suspense alive.
Things are heating up in AI and tech. Moody’s says large-scale borrowing for AI infrastructure is pushing private credit into territory traditionally occupied by corporate lending. But with a concentration of loans coming due over the next few years, weaker borrowers may struggle to refinance. Take: AI is burning through cash at a cheerful pace—but when the bills come due, we’ll see who’s really holding on. Meanwhile, Oracle $ORCL launched an enterprise AI data platform and expanded its cloud AI chip partnership with Nvidia $NVDA , planning to scale deployments of AI servers powered by next-generation Vera Rubin chips to several gigawatts. Take: The computing-power arms race is still on, and electricity and chips are the real hard currency. As for Trump saying the term “artificial intelligence (AI)” will soon be formally banned from all relevant documents—Take: Ban the word, but the work still has to get done. A name change won’t stop servers from overheating.
On the funding and personnel front, Canton-based trading platform Cancore raised $7.2 million in a seed round, aiming to connect assets on the Canton network with liquidity from public blockchains. Take: There’s one more player in the cross-chain liquidity game. Whether it takes off is another question. Crypto venture capital firm Dragonfly promoted Rob Hadick and Tom Schmidt to managing partners. They will lead the firm alongside Haseeb Qureshi and Bo. Take: Making partners in a bear market shows they’re still seriously planning their next moves.
In market action, total liquidations across the crypto market hit $134 million over the past 24 hours: $62.26 million in long positions and $71.5 million in shorts—both sides got wiped out. Take: Both sides got swept up—a classic choppy market that punishes anyone who gets too confident. Well-known trader Killa says he’s still holding a $BTC long opened around $76,400, with his target and stop-loss plans unchanged. Take: Patience is a virtue, but you still have to respect your stop-loss.
After this round of “longs and shorts both getting wiped out,” do you think BTC will reward the patient first, or keep testing everyone’s patience?
Here’s a roundup of the latest news, starting with macro policy. The current odds of the Fed holding rates steady in October stand at 88.4%, while the probability of a 25-basis-point hike is just 11.6%. Commentary: CME data suggests the market is almost certain the Fed will stay put. Still, that just-over-10% chance of a hike remains a tail risk that shouldn’t be ignored, and $BTC short-term sentiment will swing with changing rate expectations.
Next, financing news. Cancore, a trading platform built on the Canton Network, has completed a $7.2 million seed round, with investors including Paper Ventures, dao5, ArkStream Capital, X Ventures, and MH Vent. Commentary: The funding targets the intersection of Canton Network assets and public-chain liquidity. It shows that institutional bets on cross-chain liquidity are continuing, but seed-stage projects are still at an early stage, and their real-world impact remains to be seen.
Finally, AI and credit risk. Moody’s Ratings says that large-scale borrowing to fund AI infrastructure is pushing private credit beyond traditional corporate lending. But with a large volume of loans coming due over the next few years, less creditworthy borrowers may struggle to refinance. Commentary: AI funding needs have expanded beyond data centers to land, electricity, semiconductors, and GPUs. Behind the excitement is a wall of maturing debt. The refinancing risk facing weaker borrowers deserves close attention, and when risk appetite contracts, risk assets are unlikely to be spared.
Put these three threads together: rate expectations are relatively steady, early-stage projects are still raising money, and AI credit carries hidden refinancing pressure. The market looks calm on the surface, but underlying risks haven’t gone away. Which do you think deserves closer attention next: the Fed’s rate signals or refinancing activity in AI credit?
The latest updates: here are a few quick headlines, neatly summed up—with a little wit on the side.
Crypto exchange news: $STABLE is reportedly coming to Coinbase spot trading. The official announcement says the STABLE-USD trading pair will launch once liquidity is in place. Take: Exchanges list new tokens as often as convenience stores stock new products—but who knows whether a name like “Stable” can keep the price steady?
RWA and on-chain ecosystem: Ondo moved 15 tokenized stocks and ETFs from $ETH and $BNB Chain over to Robinhood Chain, while UNI added 11 StablePair pools. Take: Traditional assets are moving on-chain faster than my mom can pressure me to get married.
Crypto security: Gamdom is still reeling from a hot wallet hack, and ransomware group Whitearmor has now popped up claiming it has data on 15.42 million customer accounts and demanding $15 million in BTC. Take: This saga is longer than a TV drama. Security is something you can’t let your guard down on for even a day—user data is no joke.
Macro and energy: The Trump administration is considering up to $5 billion in financing for Constellation to upgrade nuclear reactors, potentially adding nearly 1.1 gigawatts of power. Take: They’re playing a big game with nuclear energy. With enough electricity, mining rigs and AI can keep running.
U.S. stocks on the move: BA fell 10% after lowering its delivery target; the Nasdaq 100 rose 1%, and the Philadelphia Semiconductor Index gained more than 2.3%. Take: Boeing is nosediving while semiconductors are taking off—two very different moods under the same sky.
Tech and AI: Meta AI director Rohit Patel has left to pursue work in an area competing with Microsoft Office and Google Workspace; SK hynix subsidiary Solidigm is in talks with the U.S. Department of Commerce about a $45 billion factory. Take: AI talent moves faster than the markets, and chip factories are being built faster than anything else—it’s just a question of whether the schedule or the budget will buckle first.
Your turn: Which of these stories are you most keen to follow? Let’s talk in the comments.
⬆️ $XAUT hits a new 24-hour high at 4049.72, breaking above the previous high of 4030.16. Look, it’s starting to rally! Don’t get swept up by a single bullish candle; the closing price is a more reliable indicator. What do you look at first after a rise?
The latest news, all in one place. No more talk—let’s get straight to the good stuff.
The AI and computing-power sectors are still running hot. Ant Ling has open-sourced the Ling-3.1-flash-1019 model weights and released Ling-3.1-flash-base as well. Both are now available on Hugging Face and ModelScope under the MIT license. With open-source releases coming this fast, competition in AI infrastructure is only going to get fiercer. Meanwhile, General Compute closed a $100 million Series A, with its post-money valuation jumping from $60 million to $800 million. Money is still pouring into the AI computing-power sector.
There’s plenty of activity in crypto infrastructure, too. CF Benchmarks launched the CFB oracle, bringing on-chain the data used to price BlackRock’s $BTC ETF and CME futures. Moving traditional financial data on-chain is a significant step. ENSv2 officially launched on Ethereum mainnet, introducing a hierarchical registry and a more granular permissions model. Individual domains can now function as independent on-chain registries, further strengthening the infrastructure of the $ETH ecosystem.
Institutional partnerships are worth watching. Ripple and Robinhood have formed a strategic partnership to expand the reach of RLUSD, giving retail and institutional trading platforms access to stablecoins and institutional-market infrastructure. That’s another compliant entry point for the $XRP ecosystem. Predicate closed an $8 million Series A led by Blockchain Capital, with participation from Paxos, 1kx, and Tribe Capital. Someone is seriously laying the groundwork for compliant on-chain financial products.
Keep an eye on on-chain activity. One trader opened a short position on 9,700 ETH using 25x leverage, at an average entry price of $2,311.92. The position is currently down $48,000, with take profit set at $2,058.20 and a partial stop-loss at $2,750.10. Getting the direction wrong with high leverage means bearing the risk yourself. Meanwhile, a whale transferred 3,084 ETH worth $7.17 million to Binance. The whale built the position in batches over four years and had previously staked the ETH on Lido. The expected profit is $928,000—this looks very much like a case of cashing out while ahead.
Sentiment on U.S. equities is looking upbeat. Storage stocks rose broadly, with WDC up 7.03% and STX up 5.69%. Emerging cloud-service players also gained: Nebius rose 11%, Coreweave 6.7%, and IREN 7.7%. The Nasdaq rose 0.47%. Syngenta Group advisers are planning an IPO targeting a valuation of at least $66 billion. Meta has slightly increased its stock financing plan to $97.5 billion, with the maximum financing amount potentially reaching $103 billion. META hasn’t eased up on its AI bet one bit.
One last reminder: even when the market looks great, don’t get carried away. Keep your leverage and position size under control. Where do you think capital will flow next—AI computing power or crypto infrastructure?
Luxor Technology secured $16 million in strategic funding — will it have a big impact on the market? Before getting excited about the positive news, see whether the price has already risen ahead of it. Watchlist: $BTC , 24h +0.13%
The AI and tech giants are putting on quite a show. Anthropic plans to go public in the week of November 16, with fundraising possibly reaching $100 billion. But on the very day it filed for its IPO, it was hit with an appeal from the U.S. government, and the Claude ban also affected business customers — raising $100 billion and getting sued on the same day; this IPO ceremony is rather unique. On the other side, Nvidia will invest $3 billion in Meta through a stock issuance, AI trades continue to dominate global asset performance, and money keeps pouring into computing power, no wonder other sectors are looking on enviously.
Crypto security deserves a reminder. Hong Kong’s Monetary Authority warned people to be alert to counterfeit digital Hong Kong dollar (e-HKD) lending projects and has already reported the matter to the police. These kinds of “official partnership” schemes appear every year; thinking one second longer before signing an agreement costs nothing.
Markets and opinions are moving in different directions. SoFi reported third-quarter GAAP net revenue of $1.385 billion, up 44% year over year, with net profit of $241 million; $SOFI ’s report is pretty solid. Pre-market U.S. crypto-related stocks broadly rose, with $ABTC up 2.87%, $HOOD up 2.33%, and COIN up 1.37%; the mood is still decent. Michael Saylor, as usual, took the mic: the fact that anyone can issue a coin does not mean BTC has no value, just like the fact that anyone can make a language does not mean English does not need to be learned — Saylor’s talent for analogies remains as steady as ever. eToro founder Yoni Assia, meanwhile, expects BTC’s next rally to begin next year, though there may still be setbacks in between — translated, that means “don’t get carried away just yet.”
Mining and M&A are also keeping busy. NIP Group increased its BTC mining machine purchases, lifting hashrate to about 13.85 EH/s, and is expected to mine around 195 BTC per month; Intel is rumored to acquire quantum startup Classiq for about $2.3 billion, a pretty bold cross-sector move for INTC. On the macro side, U.S. ADP employment weekly change for the week ended October 10 came in at 16,750, compared with 18,500 previously, showing a slight cooling in labor data.
Final question for you: Saylor says the freedom to issue coins does not prevent BTC from being valuable — do you think that logic holds up?
The latest news: here are a few on-chain and market moves worth unpacking.
Crypto fund flows BlackRock ETF wallets transfer $BTC and $ETH : BlackRock moved 1,698 $BTC (about $135.59 million) and 45,240 ETH (about $104.76 million) from ETF wallets to Coinbase Prime. Transferring funds to an exchange doesn’t necessarily mean they’ll be sold, but a move this large is worth keeping an eye on.
Whales on the move in both directions: One whale, dormant for five months, withdrew 11,330 BTC (about $903 million) from Binance. Withdrawals are usually interpreted as a sign of long-term holding. Meanwhile, another whale made its first major move in nearly two years, withdrawing 65 BTC (about $5.2 million) from Coincheck and bitFlyer, for a total of 136.894 BTC withdrawn over 20 days. Some are accumulating while others are moving funds—the signals aren’t all pointing in the same direction.
Platforms and security Binance thwarts North Korea-linked attacks: Over the past week, Binance’s security team stopped multiple cyberattacks linked to North Korea, with no damage to systems or loss of assets. The attack method, known as “Contagious Interview,” involves posing as a recruiter to build rapport and trick people into taking the bait. Everyone should be on guard against this kind of social engineering.
AI frontier Tencent Hunyuan open-sources Hy-SimulMT, a simultaneous interpretation model: It supports real-time translation in both English and Chinese, with a latency of about three seconds as it listens and translates. Connect it to TTS and it can also clone a speaker’s voice. Open source is lowering the barrier to entry for simultaneous interpretation. Replit CEO predicts that by 2030, all Fortune 500 companies will become “self-driving companies”: Humans will set goals and make the final calls, while AI agents handle execution. It may sound far off, but the direction is worth watching.
Markets and earnings Galaxy Digital reported third-quarter net income of $323 million, diluted earnings per share of $0.66, and adjusted EBITDA of $455 million—showing that crypto firms can be highly profitable. Crypto-related U.S. stocks were mixed in premarket trading: MSTR fell 0.75%, COIN fell 0.69%, and HOOD rose 0.16%. There was no clear overall direction. After Iran’s statement, oil prices briefly fell by about $0.80, while U.S. Treasuries and stock index futures rose. The crypto market also moved higher in the short term, underscoring how quickly geopolitical news can affect risk assets.
What do you think: Is BlackRock’s latest transfer to Coinbase routine, or are they about to make a move?
In a nutshell: Huawei Ascend 950PR’s matrix-computing speed is only 40% of $NVDA (NVIDIA)’s H100. DeepSeek is pushing hard to squeeze out performance at the software level. Commentary: There’s no shame in a chip falling short; the shame is refusing to acknowledge the gap. The path of hardware-software co-optimization takes time—you can’t rush it.
In a nutshell: AI forecasting company ProphetLab (Weiran Turing) has raised tens of millions of yuan in an angel round. The team says it correctly predicted the World Cup’s final four and the score of the final. Commentary: Predicting a match and predicting a market are two different things. The former has a limited sample size; the latter involves real money. Don’t mistake coincidence for skill.
【Macro & U.S. Stocks】
In a nutshell: The market broadly expects the Federal Reserve to leave interest rates unchanged at this week’s FOMC meeting. Chair Kevin Warsh will have to explain why the Fed isn’t raising rates despite persistent inflationary pressure. Commentary: The Fed can’t raise rates, but it also can’t afford to look weak. Communicating under these conditions is like walking a tightrope—the market listens to the wording, not just the decision.
In a nutshell: Futures on the three major U.S. stock indexes turned higher. Dow futures rose 0.17%, S&P 500 futures gained 0.08%, and Nasdaq 100 futures advanced 0.08%. Commentary: The gains are modest, but the shift in direction is encouraging. It shows the market is waiting for the Fed’s comments and is reluctant to make any big moves.
【Holdings Update】
In a nutshell: An entity affiliated with Duan Yongping holds 106.7 million shares of $POPMART (Pop Mart 09992.HK), representing an 8.01% stake. At HK$132.50 per share, the position is worth about HK$14.14 billion. Estimated unrealized losses are around HK$1.87 billion to HK$2.12 billion; the actual cost basis has not yet been verified. Commentary: The unrealized loss is an estimate, not a confirmed figure. Don’t rush to do the math for a big investor before the cost basis has been verified.
Question for discussion: If the Fed holds rates steady this time, do you think that’s bullish for risk assets—or a sword hanging over them? Share your thoughts in the comments.
【Exchange Updates】 Binance announced it will delist spot trading pairs including AAVE/BTC, ATOM/BTC, and CAKE/BTC, citing insufficient liquidity and low trading volume. Regular reviews of trading pairs are routine, but users holding these pairs should manage their positions in advance to avoid being caught off guard after the delisting. OKX will list TradFi perpetual futures for CEG, BAC, IBKR, and MPWR, bringing more traditional financial assets into on-chain trading. These products have risk profiles and volatility characteristics that differ from those of purely crypto assets, so be sure to understand the rules before participating.
【Crypto Security】 Solana client Firedancer has changed its bug bounty rules: submitting each report requires permanently burning 1 $SOL , worth about $100, regardless of whether the report is valid or a duplicate. This hurdle can filter out spam submissions, but may also make some white-hat researchers more cautious before submitting. The balance between security incentives and costs is worth watching.
【Market Moves】 $BTC recovered and broke above $80,000, with its 24-hour loss narrowing to 0.10%. The rebound has some strength, but the loss has only narrowed rather than turning into a gain, suggesting bulls and bears are still locked in a tug-of-war. Don’t mistake a one-day rebound for a trend reversal. NIL briefly surged more than 46%, lifting its market cap to $54 million. Reports point to Upbit listing a NIL/KRW trading pair. Short-term rallies driven by listing news are common among smaller tokens, so before chasing the price, think about who will be buying once the news has been priced in.
【Macro and Stocks】 The top 50 donors in the run-up to the 2026 U.S. midterm elections have contributed a combined approximately $2.77 billion. Crypto firms including Coinbase and Ripple ranked among the top donors, while Elon Musk topped the individual donor list with about $446 million. The crypto industry is becoming more prominent in political donations, and the relationship between regulatory winds and industry lobbying will draw more attention. U.S. stocks’ “Magnificent Seven” were broadly lower in premarket trading, with Nvidia down 0.53% and Microsoft down 0.59%. Optical communications and AI compute cloud stocks were also generally weaker, with Ciena down 2.94%. Nasdaq futures pared their losses to 0.40%—sentiment is cautious, but not out of control.
【AI Sector】 Hong Kong-listed Zhipu rose 8.90%, while the Hang Seng Index fell 0.73%, as the AI stock moved independently of the broader market. Zhipu’s ZCode gives each user 300 million GLM-5.3-Flash Tokens for free per day, but limits usage to 10 hours a day. Free credits can attract users; actual retention will depend on how useful the tool is.
What do you think of Firedancer charging $SOL to submit bug reports—is it a way to improve report quality or to discourage researchers?
Q: An exchange has 3,053 BTC and 29,000 ETH options expiring today. What do you make of it? A: It’s a neutral development—just take note of it. There’s no need to change your trading plans because of it. News is worth paying more attention to when it aligns with the direction of the candlesticks; when they diverge, exercise extra caution. $BTC Current price: 79653.81 (24h -0.65%).
The latest news, pulled together from a seasoned retail investor’s perspective.
On macro policy, things are pretty tangled in the U.S. A Reuters/Ipsos poll shows Trump’s approval rating back at 32%, while Democrats lead by 11 points on the generic congressional ballot. And 73% of people think the cost of living is heading in the wrong direction. Meanwhile, Trump has granted a sanctions waiver for Russian diesel, and three tankers carrying about 140,000 tonnes of Russian diesel are headed for the U.S. But some of the vessels are already on the UK, EU, and Canadian sanctions lists, and Congress is starting to raise concerns about compliance and national security risks. Takeaway: Policy and election pressures are getting mixed together, and the Fed will have to weigh growth before hiking rates. In this environment, don’t count on a one-way market—leave yourself some room to maneuver.
AI and chips are today’s main themes. The Bank of Korea warned that if major U.S. companies slow their AI capital spending next year, South Korean semiconductor exports could come in $50 billion to $100 billion below forecast. Takeaway: The AI narrative may be hot, but it still depends on whether real capital spending can keep going. Applied Materials raised its stake in Besi to about 20%, up from roughly 9% as recently as last April, making its bigger bet on AI chip equipment clear. Takeaway: Equipment makers are moving first, a sign that upstream players are still betting on the industry. Nvidia plans to invest $3 billion in Meta’s equity offering and is also expanding deployments of products such as Vera Rubin. Takeaway: The closer the giants huddle together, the harder it gets for smaller players to get a slice of the pie.
The stock market has already reacted: South Korea’s KOSPI closed up 3.09% at 5,638.35, $HXSCL rose about 5%, and Samsung Electronics gained about 4%. The Nikkei 225 rose 1.73% to 63,268.37. Takeaway: Chip stocks are pulling the indexes along, but sentiment can turn as quickly as it arrives—don’t chase the rally.
One note to keep a cool head on AI: Apollo economist Sløk shared a chart showing that revenue per employee and profit margins at the Magnificent Seven tech companies continue to climb, while the other 493 S&P 500 companies are basically treading water. Takeaway: The AI boom is real, but its benefits are highly concentrated. Don’t treat the entire U.S. stock market as an AI beneficiary.
Two crypto-related items. Vanguard’s VSS ETF disclosed for the first time that it holds 4.5 million shares of Metaplanet, a Japanese Bitcoin treasury company, worth about $7.5 million—giving it indirect $BTC exposure. Takeaway: It’s an interesting signal that a traditional asset management giant is getting some $BTC exposure this way, even if it’s a small step. Hyperliquid has listed XTEN perpetual contracts. Takeaway: New contracts are often volatile, so check liquidity before trading.
A quick question: If this wave of AI capital spending really does slow, which do you think will feel the strain first—chip stocks or AI-related crypto?
The latest news: your seasoned crypto buddy is here to sort through a few key stories from the past hour, grouped by topic so you don’t have to dig through them yourself.
AI and computing power
Antseed launches a points program: use AI to earn weekly $ANTS airdrops Take: It’s the same old “use the product to earn points, exchange points for an airdrops” playbook. The key is how many $ANTS are staked behind it and the unlock period. The bigger the boost, the longer your tokens are locked—don’t focus only on the airdrop and forget the cost of locking up your tokens.
Microsoft offers voluntary buyouts to 60,000 employees; $MSFT ’s Copilot team is included Take: If even Copilot and the AI experience team can leave, it shows that even big tech companies are tallying up the costs of AI investment. Layoffs and expanded computing capacity are happening at the same time, so the AI story isn’t as smooth as it looks.
Concerns over AI power shortages grow; BE rises more than 8% Take: Morgan Stanley raised its forecast for the global power shortfall in 2026–2028 from 33 gigawatts to 38 gigawatts, naming BE and Solaris Energy Infrastructure. The AI power shortage is a side story with real fundamentals behind it—not just hype.
Crypto market moves
“Top bear” Fasanara Capital’s basket of short positions shows $6.49 million in unrealized gains Take: It has 28 short positions worth about $123 million, account equity of around $32.89 million, and unrealized gains of about $6.49 million. When an institution of this size is betting against the market, retail investors shouldn’t rush to buy the dip—first see when it closes its positions.
XRP whale holdings reach a nearly four-year high Take: Wallets holding at least 10 million XRP now hold around 46.87 billion tokens combined, or about 68.5% of the supply—the highest level since November 2022. The price is facing resistance near $1.29, while whales are accumulating. This divergence is worth watching, but don’t mistake “whales are accumulating” for “the price is guaranteed to rise.”
Regulation and compliance
Four companies, including IBM and ORCL, oppose OKX and ICE tokenizing their shares; the total number of objectors rises to 26 Take: Traditional companies are collectively pushing back, showing that tokenized stocks still face major regulatory hurdles. Whether an innovation exemption can work will depend on how the SEC responds.
One last question: which would you rather look into first—the AI power shortage or XRP whale accumulation? Let’s discuss in the comments.
BSC ecosystem token GANG briefly surpassed a $6 million market cap | $BNB (-0.64%) Sentiment-wise, that’s a plus. Whether the market agrees is another matter. It only counts when price and volume move together; if the price moves but volume doesn’t, be skeptical.
🔔 $MAGMA 5-minute trading volume surged 21.3x 5-minute trading volume reached $1.24 million, the price rose 6.28%, and the current price is 0.2938. Strong trends usually see only shallow pullbacks, while weak rallies are often short-lived. Follow for real-time market updates.
The latest news, pieced together: today feels like a play where “some are lining up to get in, while others are quietly heading for the exit.”
1. Fund flows $BTC spot ETFs saw net inflows of $110 million, while $ETH spot ETFs had net outflows of $88.6 million. BlackRock’s $ETH product alone saw $104.7 million in outflows. Even among the leaders, investors are making different choices—suggesting institutions are leaning more toward BTC this time around.
2. AI buzz Anthropic has filed IPO paperwork, and its valuation is reportedly expected to reach $1.5 trillion to $2 trillion. Retail traders are heavily bullish on pre-IPO contracts, with ANT longs outnumbering shorts six to one. It’s a compelling story, but when retail sentiment is overwhelmingly bullish, it’s worth being extra cautious. Meanwhile, Mirendil has launched Fern 0.1, which supports a context window of around 10 million tokens. AI companies are all competing to see who can “remember more,” and the arms race in this sector is far from over.
3. Markets and on-chain activity SOL fell below the $100 mark to $99.94, down 0.83% over 24 hours. Glassnode says the share of short-term holder supply in profit has dropped back to around 70%, and recent BTC buyers have moved out of the zone of heavy selling pressure. Willy Woo ran 5,000 simulations and put BTC’s median price at $1.48 million by mid-2034. A simulation is just a simulation—don’t read it as a promise.
4. Other developments A Zcash co-founder proposed a plan to redirect the remaining 8% of ZCG’s automatic block subsidies to NSM. Binance will adjust the minimum price increments for perpetual contracts such as BLUR. The optical communications sector rebounded, with Lumentum closing up 8.19%.
A question for you: with ETF funds flowing into BTC and out of ETH, do you think this is short-term portfolio rebalancing, or is the market sentiment really shifting?
📉 $PYTH New Low Data 🔹 Range: 24 hours 🔹 Latest: 0.07223 🔹 Previous low: 0.07255 🔹 24h: -2.64% 🔹 24h trading volume: $3.34 million What do you think? Leave a comment.
The latest updates—here are a few key developments.
The biggest moves are happening at the intersection of traditional finance and crypto. BlackRock has signed a memorandum of understanding with Japan’s SBI Holdings to explore connecting tokenized money market funds with the yen stablecoin JPYSC. On the $BNB front, CZ appeared at Nasdaq to ring the bell for a BNB treasury company. In an interview, he said plainly that tokenizing assets is about bringing U.S. capital markets onto the blockchain—and that its value will eventually be recognized. The message was clear: the RWA sector is making real progress.
As for ETFs and stock contracts, Bitget launched perpetual contracts for three stocks—EIDO, $STM , and $EQT —in one go. They’re settled in USDT, offer up to 20x leverage, and can be traded 24/7. The platform now supports a total of 382. Separately, Ark Invest added around $5.23 million worth of CRCL shares. Cathie Wood’s moves are still worth watching.
On-chain whale activity deserves caution. Three wallets that may belong to the same entity transferred 482,228 SOL over three days, worth $49.17 million. Of that, 171,430 SOL has already been deposited into CEXs. Another ancient whale who bought 100,000 ETH in the 2015 ICO moved 3,000 ETH to a CEX in the past 24 hours, worth $6.94 million. Their cost basis was just $0.31 per ETH—that’s a staggering return. Large transfers to exchanges could signal selling pressure, so keep an eye on them.
The AI sector is red-hot. Less than an hour after Anthropic publicly filed its U.S. IPO registration documents, 24-hour trading volume for its pre-IPO perpetual contracts surged 159%. Binance-related contracts jumped even more, rising 233% to 35, directly igniting market sentiment. OpenAI released GPT-6.1 Terra, which matched Astra on computer-use benchmarks. Its per-token price is only one-tenth that of the previous generation: cheaper and faster, further lowering the barrier to AI adoption. Hong Kong-listed $智谱 rose more than 10% intraday after the open, reaching HK$557, while MINIMAX-W gained over 4%. Buying in AI-related stocks has been strong.
On the policy front, Bank of America predicts the Fed may stick to a brief format for its October press conference, with no Q&A session. In South Korea, sources say the government will consider imposing an education tax if CEXs are classified as financial institutions under a proposed digital asset bill. Pump.fun has also added support for X Layer, allowing users to handle deposits, withdrawals, asset discovery, and trading all in one place.
One question for you: with whales moving funds to exchanges and AI-related assets running hot, which opportunity would you rather keep an eye on? Weigh the risks carefully, and don’t get carried away.
To gauge the impact of a news story, I look only at changes in price and trading volume before and after it breaks. Take this story: South Korea is considering imposing an education tax on crypto exchanges, and one exchange operator expects to owe more than 10 billion won in tax: $BTC . It’s not a major development, but viewed in the context of broader trends, it may offer some useful insight.