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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.

ME News, May 3 (UTC+8) — U.S. Securities and Exchange Commission filings show that the New York Stock Exchange has submitted a proposed rule change to allow tokenized securities to be traded within the existing market system. The proposal is based on the DTC’s three-year pilot and supports clearing and settlement via blockchain. Tokenized securities must have the same symbols and shareholder rights as traditional securities and trade on the same order book, subject to the same matching and regulatory rules. Settlement will remain T+1. The rule has taken effect, but regulators may suspend it and conduct further review within 60 days. (Source: MLion)

As of 2025, Starlink had approximately 7.8 million users worldwide, a significant increase from 2021, but its average monthly ARPU had declined by approximately 18%. The company expanded in emerging markets through low-cost plans, with growth coming mainly from Africa, Latin America, and parts of Asia. Although its high-margin businesses are growing rapidly, they still account for a limited share. Analysts say it is transitioning from a high-end satellite internet provider to a mass-market global broadband service to spread costs and expand its global influence.

South Korean government officials said that South Korea and the United States discussed South Korean companies’ semiconductor investments in the U.S. within the framework of broader bilateral consultations, and are working to prevent issues such as tariffs from impeding each other. Semiconductor investment is one of the investment issues receiving attention from both sides, and they are striving to ensure that the relevant issues do not interfere with one another.

Norway’s sovereign wealth fund, with approximately $2.3 trillion in assets, has recommended that NBIM reduce the benchmark government debt allocation from 70% to 50% to allocate more capital to non-government debt assets in pursuit of higher returns. Global government bond allocations are estimated to decline by approximately $1.06 trillion, primarily from U.S. Treasuries. Exposure to U.S. Treasuries would fall by nearly $800 billion, while non-government U.S. fixed income would rise by 11.4 percentage points. The allocation to U.K. government bonds would remain unchanged, while that to Japanese government bonds would increase by 2.8 percentage points. Fixed income currently accounts for slightly less than 26% of the fund’s assets.

On September 4, most emerging Asian markets rose. Singapore’s Straits Times Index hit a record high, while the MSCI Emerging Asia Index gained 1.4%, boosted by comments from Waller that dampened expectations of a Federal Reserve rate hike in September. Singapore’s blue-chip bank stocks led the gains, with the index up 1.9% for the week and on track for its best weekly performance since early July. The MSCI ASEAN Index also rose to a nearly seven-day high, up 1% so far this week.

On May 3, the Tether CEO reposted Memento Research’s latest data on X: Monthly spending on crypto payment cards reached $600 million, up sixfold year over year; on-chain transaction volume reached $7.2 billion, totaling 24 million transactions across 1.36 million wallets. Approximately 90% of transactions were completed through Visa, while 62.5% of settlements were completed in USDT, demonstrating a solid foundation for everyday payments. The Solana ecosystem contributed $348 million, while Jupiter Global grew 660% month over month, with emerging blockchains and payment service providers showing strong growth momentum.

ME News, September 4 (UTC+8) — According to on-chain analyst Ai Yi’s monitoring, CASHCAT whale 0x685...42b0c shifted part of its funds into PONS 3 hours ago, reducing its position by selling 2.725 million CASHCAT at $0.2916 per token ($790,000), while spending $684,000 to purchase 1.003 million PONS at an average price of $0.6985. The whale still holds 3.4 million CASHCAT ($917,000). (Source: PANews)

The U.S. August nonfarm payrolls report is due to be released, with the market broadly expecting an increase of 56,000 jobs and an unemployment rate of 4.1%. The labor market is viewed as “stable but weak,” and weaker data may not necessarily prompt rate cuts, as inflation remains the core focus of policymakers. JPMorgan said that if job gains exceed 95,000, the S&P 500 could fall 0.5%-1.25%; if gains come in at just 5,000 to 35,000, it could rise 0.25%-0.75%. The data will influence expectations for the Federal Reserve’s September policy decision and the short-term direction of U.S. stocks. Fed officials said employment is not the focus of policy; Barr called it stable, while Waller said he was satisfied, implying that there is still room for rate hikes before inflation falls, although policymakers aim to avoid disrupting employment.

ME News, September 4 (UTC+8) — Forecast market data shows that for the prediction “Will Bitcoin rise to $85,000 by December 31, 2026?”, the probability of the “Will happen” outcome increasing from 60.5% to 82.5%, up 22.0 percentage points in a single day.

ME News, September 4 (UTC+8) — According to MyToken data, the total liquidations of cryptocurrency futures contracts across the market amounted to $497 million over the past 24 hours. BTC liquidations totaled $257 million, ETH liquidations totaled $102 million, SOL liquidations totaled $15.6452 million, and XRP liquidations totaled $11.6486 million. (Source: MyToken)

Kurumada Productions and two other companies filed a lawsuit with the Tokyo District Court, alleging that former directors, including a former manager who had long been responsible for accounting, misappropriated approximately ¥4.6 billion between 2018–2024. The misappropriated funds were used for investments in crypto assets and other purposes. After deducting the approximately ¥1.8 billion already returned, they are seeking compensation of approximately ¥2.8 billion.
Source: Foresight News

OECD data shows that only 31% of people can easily access public benefits when needed. An AI seminar will be held on May 6 to discuss improvements. The report proposes that the large-scale application of AI in social protection should be based on four pillars: infrastructure, data, capacity building, and AI chatbots. These pillars would promote cloud/edge computing, privacy-protective data sharing, training and improved digital literacy, and the use of chatbots to simplify applications and provide personalized services. Attention should be paid to language barriers, the digital divide, and ethical and accountability frameworks. AI should serve as an assistive tool, not replace human decision-making.

ME News reports that four major tokens will undergo large unlocks next week: approximately 171 million ENA, accounting for 2.12% of the circulating supply and worth approximately $17.3 million, unlocking at 15:00 Beijing time on May 5; approximately 32.09 million OPN, 12.22%, worth approximately $5.3 million, at 20:00 on May 5; approximately 40.85 million RED, 12.20%, worth approximately $5.5 million, at 00:00 on May 7; and approximately 387 million SXT, 23.20%, worth approximately $6.1 million, at 21:00 on May 8.

Google Quantum AI’s latest white paper states that the number of physical qubits required to break cryptocurrency’s core cryptographic systems has fallen to approximately 500,000, about 20 times lower than previous estimates, bringing the quantum threat into the realm of quantifiable medium-term risk. The attack focuses on elliptic curve signatures and covers both transactions in transit and attacks on assets at rest. Approximately 6.9 million bitcoins, or about 33% of the total supply, along with a large number of Ethereum accounts, have exposed public keys, creating tangible risk. Although the hardware gap remains, algorithmic optimization is ongoing. Q-Day is expected to occur between 2028–2035, with migration bottlenecks lying in governance rather than technology.

Nexo said the number of wallets holding more than 100 Bitcoin is increasing, signaling a return of “smart money.” Over the past two weeks, addresses holding between 10 and 10,000 BTC accumulated a combined total of approximately 41,000 Bitcoin. Bitcoin’s price also surpassed the True Market Mean average of $78,100 for the first time this year. Analysts said the continued accumulation by a large number of long-term holders may indicate that institutional and long-term investors’ risk appetite is recovering.

The Guangzhou Intermediate People’s Court issued a ruling in a virtual currency lending dispute: The phrase “the higher price shall prevail” in the IOU was essentially an agreement to obtain gains from cryptocurrency price fluctuations and was therefore invalid. Because the virtual currency could not be returned after the contract was invalidated, and because there was no lawful pricing mechanism, the loss was determined based on the cost of acquiring the virtual currency, namely RMB 199,600 per coin. The court emphasized that virtual currency has the attributes of online virtual property but is prohibited from circulating, and that invalid contracts should compensate the rights holder for losses.

Texas Attorney General Ken Paxton takes a hard line on gambling in the state but has not yet taken enforcement action against prediction markets such as Kalshi. In July, 44 state attorneys general called for Kalshi, Polymarket, and similar platforms to be treated as new types of casinos and regulated by the states; Paxton did not sign. In May 2025, Kalshi donated $5,000 to his Lone Star Liberty PAC, and in June, he received another $7,000 from Kalshi CEO Tarek Mansour. He is now competing with Democratic state Representative James Talarico for a U.S. Senate seat.

ME News, September 4 (UTC+8): Different spending scenarios require different payment options.
The 8MAX payment card makes using digital assets more convenient for everyday needs.
• Virtual cards are suitable for convenient online payments
• Physical cards connect to offline spending scenarios
• Supports Apple Pay, Google Pay, and other payment methods
• Can be used at supported POS terminals and ATMs
Refer to the page for specific features, fees, and regional availability.
Learn about the payment card: https://8max.com/card (Source: 8MAX)

ME News reported that on September 4 (UTC+8), the Guangdong Provincial High People’s Court released its Top 10 Commercial and Financial Cases of 2025. One virtual currency lending dispute showed that the repayment agreement in the IOU stating “the higher price prevails” essentially guaranteed that the lender would benefit from virtual currency price fluctuations, and was therefore ruled invalid. Since the virtual currency could not be returned, the Guangzhou Intermediate People’s Court ruled that the borrower must compensate the lender based on the cost at which the lender acquired the virtual currency, namely, RMB 199,600 per virtual currency. (Source: ODAILY)