MeNews

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.

CXMT has begun trial production of its fourth-generation HBM3, with an initial yield of 25%, far below the 80% benchmark for mass production; SK hynix has been in mass production since 2022, with yields exceeding 90%. For HBM3 8-layer products, the front-end yield is approximately 30%, while the back-end yield is approximately 70% for them to qualify as good products. CXMT is supplying samples to Alibaba’s T-Head, Cambricon, and others while continuing to make improvements. The industry attributes the issue to insufficient maturity of TSV technology, with CXMT estimated to be 4–5 years behind Samsung and SK hynix. CXMT’s chips contain approximately 3,000 TSVs. Source: ChainCatcher

According to ME News, on September 9, U.S. Treasury Secretary Bessent challenged traders attempting to short the yen, saying he had insider information for assessing the market. He said the asymmetric information made him feel that this was an opportunity to realize his dreams, and that he had bought yen jointly with the Japanese government on July 31. The yen strengthened briefly before falling back. Bessent said that he was now the house, had a better understanding of the Japanese government, the Bank of Japan, and the direction of policy, and invited his opponents to bet against him.

ME News reported that Steve Witkoff’s holding company is expected to generate approximately $107 million in revenue in 2025. It holds World Liberty Financial LLC, as well as assets including resorts, hotels, and residential real estate; the valuations and revenue of the related assets were not disclosed. Previously disclosed revenue for 2024 was $34 million. Critics believe that his holdings in the related entities may create conflicts of interest with his government position.

Loracle posted on X calling on Robinhood CEO Vlad Tenev to coordinate with market makers to add liquidity to the PONS/USDG market on Lighter. He previously built a trading Vault on Lighter and executes trades through an off-chain Keeper. As the market approaches its safe OI limit, the Vault will gradually build its position. Hyperbot data shows that Loracle currently holds a 3x short position of approximately 27.75 million PONS, worth about $21.77 million, with unrealized losses exceeding $3.3 million.

Doubao Announces Paid Version; Free Service Will Remain Available with Added Premium Features. Three pricing tiers: Standard at 68 yuan/month, Enhanced at 200 yuan/month, and Professional at 500 yuan/month (including annual payment). The paid plans target complex, high-output tasks such as PPT generation, data analysis, and film and television production, as model upgrades require more computing power and inference time. Industry sources say average daily token usage continues to grow, and the paid model may mark the end of the era of free access to large models.

Elon Musk testified in an Oakland court, accusing OpenAI of abandoning its nonprofit mission and transforming it from a nonprofit research institution into a for-profit company; the lawsuit focuses on issues including the founders’ original intentions, commercialization, and governance. The first week centered on Musk’s testimony, and the case remains ongoing, with proceedings expected to continue over the coming weeks.

ME News reports that on May 4 (UTC+8), certain tokens were flagged as having potential supply control risks. Concentrated supply could lead to “bear market traps” being used to liquidate positions and trigger price volatility, similar to previous cases. Projects requiring attention include SKYAI, GENIUS, DEXE, H, M, UAI, and ZKP, as well as fan tokens LAZIO, CHZ, SANTOS, PORTO, and ALPINE. (Source: MLion)

Musk testified in an Oakland court, accusing OpenAI of abandoning its nonprofit mission and transforming from a nonprofit research organization into a for-profit company; the lawsuit focuses on issues including the founders’ original mission, commercialization, and governance. The first week centered on Musk’s testimony, and the case is still being heard, with proceedings expected to continue over the coming weeks.

ME News, May 4 (UTC+8) — On-chain identity project Phi will cease operations on May 25, and Phi Box and related services will be taken offline. The team advises users to claim their rewards, unstake, and withdraw their assets in advance. Phi said the PHI token will remain available for trading on Aerodrome, but liquidity is expected to gradually decline. In January, the team made substantial layoffs to extend its funding runway and attempted to pivot toward prediction markets and AI, but its funds are now insufficient to support the project’s continued operation. (Source: MLion)

The UIUC team proposed Eywa, a heterogeneous AI agent collaboration framework that connects LLM inference with domain foundation models through MCP, avoiding information loss caused by converting non-text data into text. EywaBench shows that EywaAgent improves scores by 6-7%, reduces token usage by approximately 30%, and cuts execution time by 10%; the framework supports plug-and-play integration and covers models such as Chronos, TabPFN, AlphaFold, and GraphCast, while its task-adaptive orchestration outperforms fixed topologies.

AIMPACT reported that on May 4, Anthropic was seeking to expand its AI server chip suppliers as surging sales of Claude increased pressure on its servers. It currently uses chips from Google, Amazon, and Nvidia, and is in talks with British startup Fractile to purchase inference chips in order to diversify supply chain risks and meet growing demand for AI computing power. Fractile focuses on developing AI inference chips, for which global demand is strong and production capacity is tight, with the aim of diversifying procurement sources.

DBS and Citi’s New York office completed a Singapore-U.S. dollar cross-border transfer of tokenized deposits through the Swift digital ledger. The transaction was executed over the weekend and completed in just minutes, significantly faster than the traditional two business days. This was the ledger’s second live tokenized cross-border transaction, following the first, completed by HSBC and Standard Chartered before August. Swift announced the pilot in July, with 17 banks participating. DBS is the only core design group member headquartered in Asia. DBS launched Token Services in 2024, providing 24/7 programmable instant transfers.

ME News reported on September 9 (UTC+8) that prediction market data showed the probability of the “Yes” option for “Will Israel close its airspace by September 30?” rising from 60.5% to 96.2%, an increase of 35.8 percentage points in a single day.

ME News reports that BTC has broken above $80,000, breaking through the resistance zone that had capped weekend trading. Short-term bullish momentum has strengthened, and buying on pullbacks has increased. Meanwhile, Zeus Research analysts said that after breaking through a key psychological resistance level, the market has seen a technical short squeeze.

ME News reported on the 9th that Block applied to U.S. regulators to establish Builders Bank & Trust, a federally regulated national trust bank. If approved, it will provide custody and fiduciary services for Bitcoin and stablecoins, emphasizing asset protection. It will not accept checking or savings deposits or issue loans. Lee Woolley, head of digital asset strategy at Block, will serve as president and chief executive officer.

Exodus Movement announced its preliminary Q1 2026 financial results, with revenue of approximately $22.7 million, down 36.9% year over year; self-held crypto assets of approximately $46.7 million, including 628 BTC worth approximately $42.8 million and 1,861 ETH worth approximately $3.9 million; cash and stablecoins of $74.4 million; and total assets of $122.6 million. In Q1, Exodus launched Exodus Pay, which is available in all 50 U.S. states and certain international markets. The company aims to build a self-custody financial platform and will diversify through new products and acquisitions such as Monavate to reduce volatility risk.

According to BitMart market data on May 4, BTC was approximately $80,312, with a daily high of $80,529; ETH was approximately $2,392, with a daily high of $2,394; SOL was approximately $85.80, with a daily high of $85.94. Major assets continued to strengthen, with BTC leading the gains and returning above $80k, while ETH and SOL followed with catch-up gains. Capital inflows were concentrated in core assets. Against the backdrop of the holiday, the market is focused on BTC’s stability and the potential for further amplified catch-up gains.

ME News reported on May 4 that Capital B announced the completion of a €1.1 million financing subscribed by Blockstream CEO Adam Back through BSA 2026-02 equity warrants. At the same time, it reduced the conversion price of the OCA B-04 convertible bonds from €5.174 to €2.59 and added a two-year equity warrant (BSA OC) for each converted bond claim. The move aims to optimize its capital structure and accelerate its Bitcoin treasury strategy.

Reports indicate that advances in quantum computing have prompted the Bitcoin community to reach an initial consensus on the quantum threat. The proposed solution is to introduce post-quantum cryptography (PQC) through a soft fork, upgrade the address system, and ensure long-term security. Because the public keys of early addresses have been exposed, they face the risk of being collected now and decrypted later. The community has proposed a migration window and a grace period lasting several years, after which unmigrated assets would be frozen or destroyed. The upgrade would also improve cryptographic agility without interrupting the network. The plan calls for parallel dual signatures using ECDSA and PQC, enhancing redundancy and enabling a smooth transition while turning the quantum threat into a manageable technical upgrade.

ME News reported that BTC broke through $80,000, breaking past the resistance zone that had constrained weekend trading. Short-term bullish momentum has strengthened, as has buying pressure on pullbacks; meanwhile, Zeus Research analysts said that the break above a key psychological resistance level has triggered a technical short squeeze in the market.