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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 reported on September 27 (UTC+8) that, according to The New York Times, as the war in Iran continues to drive up gasoline, diesel, and heating oil prices, the political pressure facing Republicans ahead of the November midterm elections is mounting. Some Republican candidates who previously supported the war have begun publicly calling for an end to the conflict. U.S. President Trump has recently continued to indicate that he may escalate military action against Iran, and on September 26 rejected Iran’s latest ceasefire proposal. There is currently no clear prospect of a resolution to the conflict between the two sides.
The report said that U.S. gasoline prices rose by about $0.4 per gallon this month to approximately $4.5, while diesel prices climbed to around $6.5. Rising energy costs have further intensified pressure on food transportation and household living expenses. Meanwhile, U.S. mortgage rates have risen to 7%, further squeezing homebuyers’ affordability.
Republican senators

The global number of cryptocurrency ATMs has fallen to 27,358, returning to 2021 levels. Since July 8, the total has decreased by 587, including a decline of 476 in the United States. Since 2023, 35 U.S. states have passed related legislation. Indiana, Tennessee, and Minnesota have banned the devices, while Vermont has extended its suspension on the installation of new terminals. The United States still accounts for 71.4% of the global ATM total, followed by Canada at 13.5%, Oceania at 7%, and Europe at 5.6%. The United States, Canada, and Australia together account for approximately 91%.

According to an ME News report on May 7 (UTC+8), prediction market data showed that in the prediction market for “Will the United States and Iran reach a permanent peace agreement by June 30, 2026?”, the probability of the “Yes” option rising from 33.5% to 54.0%, an increase of 20.5 percentage points in a single day.

CryptoQuant analyst Darkfost said that the total market capitalization of altcoins rose by more than 32% over 30 days in early September, while the current 30-day increase is approximately 12.5%. Capital has continued flowing into the altcoin market since July, making this the strongest expansion since July 2025. Despite the strong expansion, investors should remain cautious, but the trend may continue for some time. The market will not rise in a straight line, and investors seeking altcoin exposure need to remain patient.

ME News, May 7 (UTC+8) — The American Federation of Teachers, one of the largest public-sector unions in the United States, urged regulators to closely scrutinize SpaceX’s IPO, calling its valuation “contrary to financial logic.” The union sent a letter to the U.S. Securities and Exchange Commission (SEC), expressing concerns about SpaceX leadership’s practices and accounting methods, among other issues.
SpaceX is seeking to raise $75 billion at a valuation of approximately $2 trillion. If successful, it would become the largest IPO in history. However, experts point out that its revenue is severely mismatched with its valuation and that it relies more heavily on Musk’s vision for the future. The union’s president criticized the offering as being “hurried to market at a valuation that defies financial logic.”
The union is concerned that if SpaceX goes public, the retirement funds of its members will be involuntarily exposed to its business risks. Many of SpaceX’s goals require years of investment and may not even be achieved. The union also called on the SEC

According to ME News, on May 7 (UTC+8), Aave stated that more than 1,600 addresses had participated in the vote on unfreezing the ETH related to the April 18 rsETH incident. These addresses represent more than 190 million ARB tokens, and the ETH is currently held by the Arbitrum DAO. Aave said that the vote had reached quorum and would push DeFi United to take action regarding rsETH.

The German finance minister said that Bitcoin and crypto assets would be taxed differently from under the current rules, potentially eliminating the tax exemption for holdings held for more than one year and bringing the tax system more in line with that for stocks. The move has prompted concerns among some legal scholars, who fear that imposing a stricter tax regime solely on Bitcoin could violate the constitutional principle of equal protection. Austria previously abolished a similar tax exemption for long-term holdings.

DyorSwap announced that the GIWA mainnet is a fake chain established by a scam team. Although it uses chain ID 9134, preliminary verification still indicates suspicious activity. Multiple suspicious pieces of information have been identified in the community, and the incident has caused significant losses. Three measures are now being taken: first, contacting a professional security team to conduct on-chain tracking; second, preserving evidence; and third, preparing treasury funds to compensate affected users. Details will be announced after the investigation. Please do not use unofficial GIWA mainnet RPCs, cross-chain bridges, or contracts, and do not transfer funds to related addresses before an official notice is issued.

Witt, executive director of the White House Digital Assets Advisory Council, said more information about the U.S. Strategic Bitcoin Reserve will be announced within weeks. The government’s Bitcoin holdings will not be disclosed for now. The priority is to inventory and audit the assets held by various agencies and halt the liquidation initiated by the previous administration. The reserve must be codified through legislation, with Lummis’s BITCOIN Act and Begich’s bill regarded as the foundation. Newly seized assets will not be automatically added, while assets still in legal proceedings must await the completion of forfeiture. Issues including custody authority, duration, and whether Congress can reclaim the assets had not been studied before the president signed the executive order.

Garry Tan announced the launch of the hosted version of GStack, calling it a way to create new things quickly. Lightsprint announced support for GStack, and users can try it on the official website. Lightsprint allows engineers and product managers to collaborate on real codebases: describe requirements in natural language, and the system generates visual options, live previews, and pull requests. All changes are submitted as PRs and must be reviewed and approved by an engineer before being merged, avoiding workflows that start from scratch or require waiting for tickets.

ME News, May 7 (UTC+8) — DTCC, the entity responsible for U.S. securities clearing and settlement infrastructure, is working with multiple high-performance Layer 1 blockchains to explore the possibility of moving corporate actions such as dividend payments and tender offers onto the blockchain. DTCC CEO Frank La Salla noted that most blockchains still face performance bottlenecks when processing large-scale corporate actions, while DTCC needs to process millions of dividend payments every day, requiring Layer with higher throughput and stability.

Arm’s chip adoption is increasing as technology companies ramp up investment in AI computing. The company forecasts first-quarter revenue of $1.26 billion, above market expectations of $1.25 billion. CEO Rene Haas said data center demand remains strong, while royalties from related patents have also posted substantial growth. Arm launched an AGI CPU data center chip this year, designed specifically for big data computing, and has already secured $200 million in customer demand for fiscal years 2027 and 2028.

ME News, May 7 (UTC+8): On May 6 local time, Hazrian, a member of the National Security Committee of Iran’s Islamic Parliament, said in an interview that the U.S. military had attempted to launch a large-scale military operation in the Strait of Hormuz the previous evening, but Iran’s stronger counterattack forced the United States to announce that it was ending the operation. Hazrian also said this proves that even if U.S. Central Command uses all available military means, it will still be unable to open the Strait of Hormuz. (Source: BlockBeats)

Optimism released Upgrade 20 on September 25, upgrading the OP Stack’s proof system and laying the foundation for future cross-chain interoperability. The core change replaces the single-chain output root with a multi-chain super root, which is based on a hash of the version byte, timestamp, and multiple sets of (chainID, outputRoot), enabling snapshots of multi-chain states at the same timestamp. The dispute mechanism remains independent for each chain but can now handle cross-chain dependencies. The upgrade uses an incremental approach to reduce risk: node operators do not need to take action, while chain operators must update their configurations. A subsequent hard fork will enable cross-chain message passing. Withdrawal logic will remain based on the output root for backward compatibility.

ME News reported that on May 7 (UTC+8), local time May 6, Hazarian, a member of the National Security Committee of Iran’s Islamic Parliament, said in an interview that on the previous evening, the U.S. military had attempted to launch a large-scale military operation in the Strait of Hormuz, but because Iran mounted a stronger counterattack, the United States was forced to announce that it was halting the operation. Hazarian also said this proves that even if U.S. Central Command deploys all military means, it still cannot reopen the Strait of Hormuz. (Source: BlockBeats)

The U.S. Central Command stated that at 9:00 a.m. Eastern Time on May 6, it opened fire on the Iranian-flagged empty oil tanker “Hasna” in the Gulf of Oman, damaging its rudder and preventing it from sailing to an Iranian port. The vessel was accused of violating the blockade and, after warnings proved ineffective, was engaged with 20 mm cannon fire from an F/A-18 fighter jet. The U.S. military stated that the blockade remains fully in effect and that it will continue to enforce it in a prudent and professional manner.

Witt, executive director of the White House Digital Asset Advisory Council, said that more information on the U.S. Strategic Bitcoin Reserve will be announced within weeks. The amount of Bitcoin held by the government will not be disclosed for now. The priority is to inventory and audit the assets held by various agencies and halt the liquidation initiated by the previous administration. The reserve must be codified through legislation, with Lummis’s BITCOIN Act and Begich’s bill viewed as the foundation. Newly seized assets will not be absorbed automatically, while assets in legal proceedings will remain pending until forfeiture is completed. Issues including custody authority, duration, and whether Congress can reclaim the assets had not been studied before the president signed the executive order.

After the Iran conflict drove up oil prices and supply chain pressures, several Federal Reserve officials warned that inflation risks are resurging, interest rates may remain elevated for an extended period, and rates could even be raised again. Musalem said policy risks are tilted toward inflation, with rising prices for key inputs creating greater cost pressures; Goolsbee warned that if oil prices remain elevated for several months, they could disrupt global supply chains. Oil prices have already exceeded $4.5 per gallon, while the Global Supply Chain Pressure Index reached its highest level since July 2022. Markets expect limited room for rate cuts over the next year. March PCE data showed inflation rebounding, with core PCE reaching 3.2%, and Fed officials may consider raising rates again if necessary.

ME News, September 27 (UTC+8) — Prediction market data shows that in the event “What price will Bitcoin reach in September?”, the probability of the “Yes” option for the prediction “Bitcoin will fall to $82,500 in September” dropped from 63.5% to 41.0%, a single-day decline of 22.5 percentage points.

According to ME News on May 7 (UTC+8), prediction market data showed that in the market asking whether the United States and Iran will reach a permanent peace agreement by June 30, 2026, the implied probability of the “Agreement reached” outcome rose from 33.5% to 54.0%, an increase of 20.5 percentage points in a single day.