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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-0.72%
NAS100-0.69%
NVDA+0.47%
META+0.40%
DELL+2.70%
Eleanor Terrett: Negotiations are tense ahead of the Clarity Act vote, with approximately 1 hour left in the final countdown
ME News reports that only about one hour remains before the vote on the Clarity Act. Negotiations on Capitol Hill have entered the final stage, with tensions running high. Democrats are insisting on changes to the ethics provisions, and further adjustments may require White House approval, leaving little time. Multiple sources said the work is difficult and time is tight. One industry insider said that after speaking with lawmakers, the bill appears unlikely to secure the 60 votes needed to advance, and the situation in Congress remains unpredictable.
Nakamoto CEO Says AI May Become the Next Engine of Bitcoin Adoption
Bailey said in a TD Cowen discussion that AI could become a new driver for Bitcoin by abstracting away the complexity of wallets and other aspects, lowering the barrier to entry, and driving adoption of Bitcoin by individuals and institutions. A TD Cowen analyst said the view was speculative but worth watching. Bailey also noted that institutional adoption is only just getting started, and that spot ETFs, corporate reserves, and sovereign interest have had more impact over the past year than in the preceding decade-plus; significant opportunities remain ahead. He emphasized that Bitcoin is reshaping traditional finance, while its underlying characteristics remain unchanged. Nakamoto is positioned as an integrated Bitcoin platform spanning media, education, asset management, and other areas, and TD Cowen rated NAKA as a Buy.
BTC-2.54%
Bitwise CIO: The U.S. Is Sacrificing Crypto Market Safety and Investment Opportunities for Short-Term Political Gains
ME News, September 16 (UTC+8) — Bitwise Chief Investment Officer Matt Hougan posted about U.S. crypto policy, saying that the United States had an opportunity to make the crypto industry safer, promote investment, and ensure it would continue leading global financial markets for the next 50 years, but is now sacrificing that opportunity to gain short-term political benefits. (Source: PANews)
A trader stopped out of a $56.68 million Bitcoin short position, incurring a $1.94 million loss.
ME News, May 5 (UTC+8) — According to Lookonchain monitoring, a trader closed a $56.68 million Bitcoin short position at a loss one hour ago, incurring a $1.94 million loss. The trader had previously made 11 Bitcoin short trades, earning a cumulative profit of $1.71 million, but this loss wiped out all of those previous gains. (Source: MLion)
BTC-2.51%
Iraq Slashes Oil Prices to Attract Buyers Willing to Navigate the Strait of Hormuz
ME News, May 5 (UTC+8) — Iraq’s State Oil Marketing Organization (SOMO) recently issued a notice offering significant discounts to long-term contract buyers loading cargoes this month. Iraq’s flagship product, Basra Medium crude oil, is discounted by as much as $33.40 per barrel. Notably, buyers’ tankers must pass through the Strait of Hormuz and travel deep into the Persian Gulf to collect the oil. (Source: MLion)
Deputy Governor of the Bank of Italy Suggests the EU Advance SEPA Tokenization
Deputy Governor Scotti of the Bank of Italy said the EU should advance the expansion of tokenized SEPA to address changes in financial technology. New forms of private money, such as electronic money tokens and tokenized bank deposits based on distributed ledger technology, could affect the roles of traditional banks and central banks. Therefore, central banks need to design infrastructure that enables public and private money to operate in coordination. The European Central Bank is advancing the digital euro, and existing payment systems should also consider evolving toward tokenization.
Jefferies: The Fed Is Expected to Raise Interest Rates This Week, With Warsh’s Comments Becoming Key
On September 16, ME News cited Jefferies global economist Mohit Kumar as saying that the Federal Reserve will raise interest rates this week, and Waller’s comments will determine the future policy path. The actual number of rate hikes is expected to be fewer than the 3.5 hikes priced into the forward market. An initial rate hike may be necessary, while subsequent hikes will depend on the duration of the war and the direction of oil prices.
Polygon Launches Privacy-Preserving Stablecoin Payments, Targeting the Institutional Market
ME News reported that on May 5 (UTC+8), Polygon announced Sunday the launch of a privacy-focused stablecoin payment feature aimed at attracting more businesses and institutions to use its network. The feature routes transactions through wallets into a shielded pool and uses zero-knowledge proofs for verification. The move is part of Polygon’s integration and partnership with the privacy protocol Hinkal. (Source: MLion)
BTC breaks above $81,000, up 1.4% in 24 hours, currently priced at $81,160
ME News, May 5 (UTC+8) — According to CoinMarketCap market data, BTC has surpassed $81,000 and is currently priced at $81,160, up 1.4% over the past 24 hours. (Source: CoinMarketCap)
BTC-2.54%
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Polygon Launches Privacy-Preserving Stablecoin Payments, Targeting the Institutional Market
ME News reported on May 5 (UTC+8) that Polygon announced Sunday the launch of a privacy-focused stablecoin payment feature aimed at attracting more businesses and institutions to its network. The feature routes transactions through wallets into a shielded pool and uses zero-knowledge proofs for verification. The move is part of Polygon’s integration partnership with privacy protocol Hinkal. (Source: MLion)
Dragonfly Managing Partner: On-Chain Pre-IPO Derivatives Show AI Lab Valuations Have Not Been Significantly Affected by “Slowing the Frontier Race”
ME News reported on September 16 that Dragonfly partner Haseeb Qureshi pointed out that on-chain Pre-IPO derivatives prices reflect the market’s expectations for AI lab valuations. Jacob Coxon’s pessimistic comments about AI risks had previously pushed valuations higher, and he said, “Scaring everyone seems to be good for business.” He also said that after Anthropic CEO Dario Amodei proposed slowing the frontier race, valuations were not significantly affected because lower training expenditures could reduce capital expenditures. However, after David Sacks publicly criticized Dario, Anthropic’s valuation remained largely unchanged while OpenAI’s valuation fell, for reasons that have yet to be explained.
ANTHROPIC-0.32%
OPENAI-2.47%
CoinShares: Miners’ cash mining cost reached $75,500 in Q2, already exceeding the coin price
According to CoinShares’ latest mining report, the pretax cash cost for publicly listed miners was approximately $75,500 per BTC in Q2 2026, far above BTC’s quarterly price of approximately $58,400. The industry has fallen below the cash break-even point. Hash price dropped to a historic low of $27.7/PH/s/day in June. When depreciation, amortization, and stock-based compensation are included, the full-cost gap is significant: approximately $76,529 for ABTC and as high as $353,168 for CIFR. Several mining companies have already shut down part of their hash rate or shifted toward AI/HPC.
BTC-2.54%
CIFR-3.67%
The Clarity Act Nears Its First Senate Vote as Democratic Counterproposal Faces Republican Opposition
ME News, September 16 (UTC+8) — The U.S. cryptocurrency market structure bill, the Clarity Act, is approaching its first Senate vote, but there is currently no indication that the two parties have reached an agreement sufficient to ensure the bill’s passage. The counterproposal put forward by Democrats on Monday evening was rejected by Republicans. (Source: ODAILY)
Analysts: Fed Expected to Raise Rates This Week, With at Least One More Hike to Follow
A Reuters poll showed that most economists expect the Federal Reserve to raise interest rates by 25 basis points this week, bringing the rate to 3.75%-4.00%, marking the first increase since July 2023; about 53% expect at least one more rate hike by the end of March next year, while 56% believed last week that rates would remain unchanged; rate cuts in 2027 are no longer the prevailing view. Economists said the Fed may stop raising rates only if the data remain weak.
BAC+0.32%
Aftermath Finance: Claims page now open for users affected by the attack
ME News, May 5 (UTC+8) — Sui posted on X that following the attack on Aftermath Finance last week, the Aftermath team has opened a claims page for affected users. Users with questions can contact the Aftermath team via Discord or send a direct message on X. Aftermath Finance stated that refunds for affected users have been processed. The next time users connect to aftermath.finance, they will be prompted to withdraw Aftermath Perps.
SUI-3.81%
BTC breaks above $81,000, up 1.4% over 24 hours, currently priced at $81,160.
ME News reports that on May 5 (UTC+8), CoinMarketCap market data shows that BTC has broken above $81,000 and is currently trading at $81,160, up 1.4% over the past 24 hours. (Source: CoinMarketCap)
BTC-2.54%
Deputy Governor of the Bank of Italy Suggests the EU Advance SEPA Tokenization
Deputy Governor Scotti of the Bank of Italy said that the EU should advance the expansion of SEPA tokenization to address changes in financial technology. New forms of private money, such as electronic money tokens and tokenized bank deposits based on distributed ledger technology, could affect the roles of traditional banks and central banks. Therefore, central banks need to design infrastructure that enables public and private money to operate in coordination. The European Central Bank is advancing the digital euro, and existing payment systems should also consider evolving toward tokenization.
Senate Key Vote on the CLARITY Act Approaches as Democrats Present Counterproposal
At 16:15 on September 15 (UTC+8), the U.S. Senate held a key vote on the CLARITY Act, requiring 60 votes to advance debate. Republicans proposed 126 amendments covering ethics, developer protections, and stablecoin circuit breakers, calling it the final text. Democrats put forward counterproposals on stricter large-holder limits, blockchain oversight, and exchange conflicts of interest. Eight major banking groups opposed the bill, saying the stablecoin provisions contain loopholes; the White House advisory council released a tool rebutting claims that stablecoins would cause deposit outflows.
“Machi” reduced positions by approximately $125 million in total today and has fully closed its BTC and HYPE long positions.
ME News September 15, TradingBeats showed that the Machi Big Brother address 0x020...5872 continued reducing its long positions today, totaling approximately $125 million. It reduced its holdings by 697 BTC, 26,315 ETH, and 88,750 HYPE, with transaction volumes of approximately $53.41 million, $64.64 million, and $7.03 million, respectively. The position reductions were concentrated in the evening, with BTC long positions falling to 0 and ETH long positions falling to 20,000. At press time, it held only a 25x long position of 20,000 ETH, valued at approximately $47.93 million, with an unrealized loss of approximately $1.84 million. Source BlockBeats
BTC-2.51%
HYPE-4.00%
ME-4.95%
ETH-3.67%
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