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U.S. Stocks End Three-Session Losing Streak; Dell Surges More Than 15% on Better-Than-Expected Earnings, While Treasury Yields Nearing 5% Raise Concerns About a Global Pullback
U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.
SPYX+0.23%
NAS100+1.54%
NVDA+2.62%
META+0.05%
DELL+3.10%
WisdomTree Partners with MoonPay to Expand Distribution of Tokenized Fund WTGXX
WisdomTree and MoonPay have entered into a strategic partnership to offer the tokenized money market fund WTGXX to U.S. retail investors through MoonPay. Eligible investors will be able to invest using stablecoins. MoonPay also plans to use the fund for stablecoin reserve management. WTGXX invests in short-term U.S. Treasury securities, and the two companies will further expand their cooperation on other tokenized funds in global markets.
US weekly initial jobless claims fell to their lowest level since July, at 196,000
For the week ending September 12, initial jobless claims in the United States totaled 196,000, down 10,000 from the previous week and reaching their lowest level since July. Continuing jobless claims totaled 1.73 million, the lowest since 2024. Analysts said Labor Day and the back-to-school season may have caused seasonal fluctuations, but the overall trend is one of fewer layoffs and fewer hires, indicating a relatively stable labor market. Further tightening by the Federal Reserve could pose a risk to this situation.
Robinhood Voices Support for SEC “Innovation Exemption”: Americans Should Have Access to Financial Innovation
ME News, September 17 (UTC+8) — Robinhood posted on X, expressing support for the U.S. Securities and Exchange Commission’s (SEC) “innovation exemption,” and said that Americans should be able to use crypto technology and the financial innovations it enables, including instant settlement, 24/7 trading, and fractional trading by default. (Source: ODAILY)
HOOD+2.90%
The U.S. SEC Introduces an “Innovation Exemption,” Allowing Limited On-Chain Trading of Tokenized Stocks
ME News reported on September 17 (UTC+8) that the U.S. Securities and Exchange Commission (SEC) stated that tokenization could reduce costs across market infrastructure processes such as issuance, trading, transfer, settlement, and ownership recordkeeping, while enhancing transparency and liquidity. The SEC today approved a temporary, conditional "Innovation Exemption," allowing tokenized stocks to be traded on a limited basis at certain on-chain venues------tokenized securities venues (TSVs)------. Reportedly, TSVs that meet the exemption requirements may conduct permitted trading through automated market makers and liquidity pools, but must satisfy requirements related to public disclosure, trading transparency, circuit-breaker coordination, recordkeeping, and technological safeguards, while also being subject to caps on the number of stock symbols and trading volume. The SEC stated that the move aims to observe on-chain trading venues and market participants.
Bitcoin Surpasses $81,000, Sparking Debate: Supercycle or Bear Market Rally?
Bitcoin rose approximately 3.5% this week, reaching as high as $81,325 and setting a new high for the year. Market opinions are sharply divided: some believe a supercycle has begun, while others see it as merely a bear market rally. With institutions continuing to accumulate, Bitcoin could challenge $180,000-$200,000 over the next year and possibly reach $250,000 in the long term, but it must hold the medium-term support around $60,000 or the supercycle will be invalidated. Technically, BTC is testing the $80,000-$82,000 resistance zone, which coincides with the 200-day moving average and the upper boundary of a descending channel. If it fails to break through, it could fall back to $70,000-$72,000, or in an extreme case, drop to $50,000. Overall, institutional demand is absorbing new supply, keeping the pullback moderate, but a breakout above key resistance will determine the subsequent direction.
BTC+1.62%
Nano Labs Ltd(NA) is up +10.43% intraday, currently priced at 2.33 USD
ME News, May 5 (UTC+8) — According to CoinFound’s crypto concept stock data, Nano Labs Ltd (NASDAQ : NA) is currently trading at $2.33 per share, with an opening price of $2.11 and an intraday gain of 10.43%. (Source: CoinFound)
Vessel tracking company says an Iranian oil tanker may have breached the U.S. blockade
ME News reported on May 5 that TankerTrackers said satellite imagery showed that the Huge, a crude oil tanker flying the Iranian flag, may have breached the US blockade. The vessel had not appeared on AIS for months and was spotted in waters near Bali on Sunday. Founder Madani said the timing was close to the US blockade’s launch around April 13, and that the vessel had previously been at an Iranian port.
Trump can continue military operations against Iran without seeking congressional approval.
ME News, May 5 (UTC+8) — U.S. Defense Secretary Pete Hegseth said today that, given the administration’s determination that the ceasefire between the United States and Iran remains in effect, U.S. President Trump does not need to seek congressional approval to continue military operations. Hegseth insisted that if Trump orders the resumption of military strikes, discussions on the matter will naturally take place at that time. (Source: BlockBeats)
US media: The US notified Iran in advance about the escort operation and warned Iran not to interfere
According to U.S. officials and people familiar with the matter, a senior Trump administration official informed Iran on Sunday of plans to guide vessels through the Strait of Hormuz and warned it not to interfere, with the aim of reducing the risk of escalation. Despite this, Iran launched attacks on U.S. warships, commercial vessels, and the United Arab Emirates. The U.S. defense secretary and chairman of the Joint Chiefs of Staff subsequently downplayed the attacks, saying the ceasefire was holding; but if the diplomatic stalemate persists, some U.S. and Israeli officials believe Trump could order the war to resume later this week.
UBS: Fed Rate Hikes Have Not Altered the Stock Market’s Uptrend; Recommends Diversification and Preparing for Volatility
The Federal Reserve’s rate hike triggered a stock market sell-off, but bullish sentiment remained intact. UBS Global Wealth Management Chief Investment Officer Mark Haefele and his team believe that as long as tightening remains moderate, credit spreads stay stable, and profits continue to grow, the rally could broaden to more industries and regions, while investors should prepare for near-term volatility. They recommend diversifying equity exposure and avoiding excessive concentration in areas that are particularly sensitive to interest rates or reliant on a single return driver.
Apple Considers New Chip Manufacturing Sources, Holds Preliminary Talks with Intel and Samsung
Apple is evaluating a diversified foundry strategy due to tight capacity for advanced process nodes and surging AI demand. It has held preliminary discussions with Intel and Samsung about new sources, but no actual orders have been placed. Cook said the chip shortage is limiting growth and putting pressure on iPhone and Mac supplies. If Intel or Samsung secures orders, it could strengthen competition in the foundry market, but TSMC remains irreplaceable for leading-edge nodes.
AAPL+0.18%
INTC+7.74%
TSM+1.91%
Iran’s Supreme Leader’s Foreign Affairs Adviser: Iran and the US Are Still in a State of War
ME News reported on May 5 (UTC+8) that on the afternoon of May 5 local time, Velayati, foreign affairs adviser to Iran’s supreme leader, told the public that the Strait of Hormuz had been closed and would not reopen unless “the national will of the Islamic Republic of Iran decides otherwise.” In a statement, Velayati said U.S. President Trump’s claims about restricting Iran’s missile capabilities were unfounded, that Iran and the United States remained in a state of war, and that Iran would continue its “resistance.” (Source: ODAILY)
Galaxy and State Street Bank Launch Tokenized Cash Management Fund SWEEP on Solana
Galaxy Digital and State Street have jointly launched the tokenized fund SWEEP, bringing cash management and yield products onto the blockchain to enable 24/7 on-chain liquidity management. Institutions can use stablecoins to subscribe, earn returns, and redeem at any time. The fund is initially based on Solana, with plans to expand to Ethereum and Stellar. Galaxy is responsible for the tokenization infrastructure, Anchorage for custody, and State Street for managing the underlying securities.
STT+0.22%
SOL+4.43%
GLXY-0.20%
ETH+3.50%
XLM+6.49%
Tron Inc. (TRON) is up +10.31% today, currently priced at 2.35 USD
ME News, May 5 (UTC+8), according to CoinFound’s crypto-related stock data, Tron Inc. (NASDAQ: TRON) is currently trading at $2.35 per share, with today’s opening price at $2.13 and an intraday gain of 10.31%. (Source: CoinFound)
Chainalysis Report: Open-Source AI Models Drive a 440% Surge in Cases of Malicious Software Instructions Being Written into On-Chain Transactions and Smart Contracts
Chainalysis said that since China’s open-source AI models without safety restrictions emerged in the middle of last year, cases involving malicious instructions written on-chain have increased by about 440%, rising from an average of 2 per day to 11. Attackers use on-chain “dead drops” to leave instructions, steal information or funds, and transfer them to designated addresses. Because the records are difficult to delete, the attacks are harder to disrupt. Hackers linked to North Korea, Iran, and other groups have been involved. Unlike cloud-based models that can be banned, open-source models can have their safety measures removed locally, but on-chain transparency helps track the underlying infrastructure.
Chainalysis: Cases of Malware Instructions Embedded On-Chain Surge 440%, Averaging 11 per Day
A report by blockchain analytics firm Chainalysis shows that cases of malicious instructions being embedded in on-chain transactions and smart contracts surged 440% in less than a year, reaching approximately 11 per day, compared with 2 per day before mid-last year. Malware receives and executes instructions through the blockchain, creating what is known as a “blockchain dead drop.” Because the records cannot be deleted, blocking the activity is more difficult. These activities are currently led mostly by state-backed groups, including groups linked to North Korea and Iran.
BTC breaks above 77000 USD, rising 1.7% in 24 hours, currently priced at 77104 USD
ME News, September 17 (UTC+8) — According to CoinMarketCap market data, BTC has surpassed $77,000 and is currently trading at $77,104, up 1.7% over the past 24 hours. (Source: CoinMarketCap)
BTC+1.62%
Web3 Aggregator Platform PonyGo Announces Strategic Investment from Pantera Capital
ME News reports that PonyGo has secured a strategic investment from Pantera Capital. The funds will be used to expand across multiple sectors of the crypto ecosystem and build four core business pillars: AI quantitative fund management, RWA independent-site services, a Meme aggregation launchpad, and a crypto mobility OTA. The investment will also support the long-term development of ecosystem liquidity, community networks, and global market expansion.
The two parties will collaborate closely in AI, Web3.0, RWA independent sites, crypto mobility OTAs, and other areas to advance the implementation of financial ecosystem aggregation and build a stable, trusted, sustainable, and globalized Web3 ecosystem.
RWA+0.52%
MEME+4.52%
ETH is currently priced at 2464.65 USD, with a 24-hour increase of 3.0%.
ME News, September 17 (UTC+8), according to CoinMarketCap market data, ETH is currently priced at $2464.65, with a 24-hour increase of 3.0%. (Source: CoinMarketCap)
ETH+3.50%
Zcash Community Votes 98.9% to Retain Bitcoin-Style Halving; ZEC Briefly Hits $1,388
The Zcash community voted 98.9% to retain the Bitcoin-style halving mechanism, with a total of 2.4 million ZEC votes, representing 66% of eligible tokens. It will also reduce the block time to 25 seconds, deprecate the Sprout pool, and limit the scope of the NU7 upgrade to features that can be completed before September 30. The price reached $1,388 at one point, up approximately 10.9% on the day, with a market capitalization of approximately $22.9 billion, making it the ninth-largest crypto asset by market capitalization. The Ironwood upgrade has been active since July and adds quantum-resistant transaction records; the asset has gained more than 2,500% over the past year.
ZEC+13.00%